Business Enterprises

True or False. A business is an enterprise or an operation that provides products and/or services to meet the identified needs of the market consumers

• True

• False

no business operates in __________

• SA

• Private Company

• Isolation

• CCMA

The internal business environment consists of ----------- , suppliers , employees , the board of directors and creditors

The _______ business environment consists of factors and forces that are beyond the control of the organization, such as the economic environment , the technical environment the legal and political environment and the cultural enviroment

True or False. A businesses environment can be further categorized into the following sub-environments :

the economic environment

the political environment

the physical environment

the social environment

• True

• False

Which of the following is not a business environment sub category ?

• the economic environment

• the political environment

• the physical environment

• the legal environment

Which of the following can no longer be established as a new form of business ?

• Sole proprietorship

• Company

• Partnership

• Close Corporation

What does MOI stand for "

Companies consist of Directors and ___________

True or False. Close Corporations use a Memorandum of Association instead of Memorandum of Incorporation

• True

• False