Enterprise flashcard

Front

The four key questions to ask before starting an enterprise are: Why, When, Who, What; When, How, What, Who; Why, Who, What, How

Back

Why, Who, What, How

Front

The six stages of the enterprise process are: Identifying, Exploring, Action Planning, Implementing, monitoring and evaluating.

Back

Identifying, Exploring, Action Planning, Implementing, monitoring and evaluating.

Front

The six different forms of business organization under study are: Partnership, Limited Company, Franchise, Sole trader, Social Enterprise and Cooperatives.

Back

Partnership, Limited Company, Franchise, Sole trader, Social Enterprise and Cooperatives.

Front

Sole traders may employ a large number of people.

Back

True

Front

Unlimited liability is a feature of: Sole trader and partnership

Back

Sole trader and partnership

Front

Limited companies usually are not able to raise more finance than any other form of business organization.

Back

False

Front

Two examples of internal stakeholders are _______________________ and ___________________________.

Back

Employees, Employer, owner, managers

Front

One advantage of private limited company is ______________________________________________________________

Back

Raise capital from the sale of shares, limited liability for shareholders, separate legal entity, continuity