Accountabilities and Responsibilities

Aside from paying the salaries and wages, entrepreneurs should also provide incentives for their employees.

• FALSE

• TRUE

• MAYBE

• NEVER

The consumer should regulate the production cost of commodities and the distribution should earn marginal profit only.

• TRUE

• NEVER

• MAYBE

• FALSE

A company should be able to ___________ under its own rules and ideals, but should also take into account the input of its customers to remain competitive,

The general public has a responsibility to give back to the entrepreneurs that supports it with tax breaks and a labor force.

• FALSE

• MAYBE

• NEVER

• TRUE

The entrepreneurs should pay __________ prices for the materials purchased from the suppliers.

Which of the following is not an accountability and responsibility towards government?

• Setting up units as per guidelines of government

• Indulge in monopolistic and restrictive trade practices.

• Payment of fees, duties and taxes regularly as well as honestly

• Conforming to pollution control norms set up by government

What do you mean by to provide fair return of investments?

• receive the payment on time with the right amount

• know the transaction because they lend you money

• right to know the business status

• get the right amount of money they lend

Which of the following will provide the best the sense of satisfaction among employees and they will work with full interest, dedication, and commitment

• Give Best Working Conditions

• Give Security of Employment

• Providing Opportunities for Individual Development

• Development of Mutual Understanding and Trust

It is the responsibility of the company to remain ______________to its customers; otherwise, the company will lose its customers and cease to exist.

Which of the following is not a type of supplier?

• Distributors

• importers

• Consumers

• Subcontractors