10 Questions
A corporation is an organization authorized by the state to act as multiple entities .
False
Job creation can occur when businesses expand or industries experience growth.
True
Sole proprietorships are businesses owned and operated by multiple individuals.
False
Partnership businesses are always owned and operated by a single individual.
False
Economic growth is a key indicator of a country's overall prosperity and development.
True
Establishing a business enterprise does not involve strategic decision-making.
False
The purpose of establishing business enterprises is solely to fulfill a specific purpose, not to generate profit.
False
Job creation refers to reducing employment opportunities within an economy.
False
A corporation can only be formed by a company, not a group of people.
False
Economic growth refers to a decrease in a country's production of goods and services over time.
False
Learn about the purpose and types of business enterprises, including corporations, in this introduction quiz. Understand the process of establishing a business entity, the strategic decisions involved, and the goal of generating profit.
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