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Questions and Answers
What is a classic definition of an enterprise?
What is a classic definition of an enterprise?
- An economic unit of production that uses third party work (correct)
- An entity motivated by social goals
- A unit that uses only the entrepreneur's work
- An autonomous unit that produces for personal consumption
Which sector is primarily composed of firms that perform extractive activities without generating transformation?
Which sector is primarily composed of firms that perform extractive activities without generating transformation?
- Secondary sector
- Tertiary sector
- Primary sector (correct)
- Quaternary sector
Which legal form in Spain has only one owner who is personally liable for all obligations of the firm?
Which legal form in Spain has only one owner who is personally liable for all obligations of the firm?
- Sole-owner firms (correct)
- Limited partnership
- Private limited company
- General partnership
What criteria does the European Commission use to distinguish SMEs from non-SMEs?
What criteria does the European Commission use to distinguish SMEs from non-SMEs?
What is a common factor among all firms?
What is a common factor among all firms?
Which component of an enterprise refers to the beliefs and behaviors determining how employees and management interact?
Which component of an enterprise refers to the beliefs and behaviors determining how employees and management interact?
What does an enterprise do with its products according to the text?
What does an enterprise do with its products according to the text?
Why is the classic definition of an enterprise considered inadequate nowadays?
Why is the classic definition of an enterprise considered inadequate nowadays?
What is one of the factors external to a firm mentioned in the text?
What is one of the factors external to a firm mentioned in the text?
What type of firms have their capital split between private and public ownership?
What type of firms have their capital split between private and public ownership?
What is the motivation behind the activity of an enterprise?
What is the motivation behind the activity of an enterprise?
What characteristic makes the classic definition of an enterprise inadequate nowadays?
What characteristic makes the classic definition of an enterprise inadequate nowadays?
Which factor is NOT common to all firms as mentioned in the text?
Which factor is NOT common to all firms as mentioned in the text?
What does an enterprise NOT produce its goods for, according to the text?
What does an enterprise NOT produce its goods for, according to the text?
Which legal form does an enterprise NOT need to adhere to according to the modern definition?
Which legal form does an enterprise NOT need to adhere to according to the modern definition?
What distinguishes firms in the primary sector according to the text?
What distinguishes firms in the primary sector according to the text?
In Spain, which legal form of enterprise has the liabilities assumed by the firm itself?
In Spain, which legal form of enterprise has the liabilities assumed by the firm itself?
What is the main criteria used by the European Commission to differentiate SMEs from non-SMEs?
What is the main criteria used by the European Commission to differentiate SMEs from non-SMEs?
Which component of an enterprise refers to the beliefs and behaviors determining employee interactions and external business transactions?
Which component of an enterprise refers to the beliefs and behaviors determining employee interactions and external business transactions?
What type of ownership involves capital split between private and public hands in an enterprise?
What type of ownership involves capital split between private and public hands in an enterprise?
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