Responsibilities and Accountabilities of Entrepreneurs

Entrepreneurs have responsibilities and accountabilities to the following

sectors, EXCEPT ONE.

• Employees

• Suppliers and creditors

• Government

•  Competitors

It is important that you ask permission from the rightful owner before you use

their own creation for business to avoid ____________.

• Penalties

• Imprisonment

• Copyright violation

• Foreclosure

Which of the following is the responsibilities and accountabilities of entrepreneurs to the government

• Payment of Taxes

• Right and Truthful Advertising

• Provide Best Working Environment

• Promote Healthy Competition

Right and Truthful Advertising is one of the responsibilities and accountabilities of an entrepreneur to his _____________

• Employees

• Suppliers and Creditors

• Clients

• Government

They are the stakeholders of business who need to receive just compensation and government mandated benefits from business organizations.

• A. creditors

• B. customers

• C. employees

• D. suppliers

The following are responsibilities of an entrepreneur to the government EXCEPT for:

• A. Compliance of government Rules

• B. Payment of taxes

• C. Follow Environmental Regulations

• D. Provide Fair Return on Investment

 What is your analysis of the given statements below?

Statement 1: The Entrepreneur should not provide information about possible future development to the suppliers, in time, so that they mold themselves according to the changing circumstances.

Statement II: Entrepreneur should provide cooperation to the government by proper utilization of available resources in accordance with the government targets. 

• A. Both Statements are true

• B. Only Statement II is true

• C. Only Statement 1 is true

• D. Both Statements are false

 How do business enterprise dispose their wastes?

I. Waste should be placed in a big plastic container and burn.

II. There must be proper segregation of waste materials to prevent pollution. 

• A. Statement I alone is SUFFICIENT to answer the question

• B. Statement II is SUFFICIENT to answer the question.

• C. Statement I alone is SUFFICIENT but statement is not sufficient to answer the question

• D. Both statement I and II are SUFFICIENT to answer the question.

Which should be done by the entrepreneur to gain customer loyalty?

• A. Create advertisement promoted by famous personalities.

• B. Give regular promotions such as discounts and freebies.

• C. Utilize social media platforms to reach greater audience.

• D. Produce high quality products and services at reasonable prices.

The following are responsibilities and accountabilities of entrepreneurs to its

customers EXCEPT__

• A. Ensure quality products and services

• B. Honesty in advertising and promotion

• C. Promote healthy competition

• D. Provide free training