Enterprise quiz

The four key questions to ask before starting an enterprise are :

• Why , When , Who , What

• When , How ,What ,Who

• Why , Who , What , How

The six stages of the enterprise process are :

• Identifying , understanding , analyzing , exploring , planning and implementing .

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

• understanding, analyzing , exploring , planning , implementing and evaluating.

The six different forms of business organization under study are :

• Joint venture , sole trader , partnership , franchise , charities , social enterprises .

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

• Public limited company , Private limited company , franchise , social enterprise , charities , cooperatives

Sole traders may employ a large number of people .

• True

• False

Unlimited liability is a feature of :

• Sole trader and partnersip

• Sole trader and limited company

• Partnership and Limited Company

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

• True

• False

Two examples of internal stakeholders are _______________________ and ___________________________.

One advantage of private limited company is ______________________________________________________________

Explain one advantage and one disadvantage of a limited company.

What is the difference between limited and unlimited liability ?