Business Quiz #1

Management skills, creativity, innovation, visionary mindset, ability to take calculated risks, ability to overcome failure

Financial independence allows business owners to have control over their finances and determine their own income.

Finding a market where consumers desire a particular product is vital for a business owner.

<p>The motivation to earn significant income drives individuals to start their own business.</p> Signup and view all the answers

<p>Fulfilling a social need provides businesses with an objective.</p> Signup and view all the answers

<p>Oversee designated area, showcase communication, delegation, planning, decision making, knowledgeable, experienced, communicate with stakeholders</p> Signup and view all the answers

<p>Demonstrate management skills, take calculated risks, have courage, resilience, view failure as an opportunity</p> Signup and view all the answers

<p>Individuals or groups with a vested interest in the business</p> Signup and view all the answers

<p>Specific criteria used to measure the efficiency and effectiveness of business performance</p> Signup and view all the answers

<p>Goals provide clarity, purpose, and a sense of direction for employees, lack of objectives leads to confusion and loss of productivity</p> Signup and view all the answers