Economics Terminology

What is the definition of capital?

• Financial assets or the financial value of assets used to generate income or wealth.

• The process of starting a new business or venture.

• The total amount of money a person or company has.

• Physical assets or the physical value of assets used to generate income or wealth.

What is the definition of enterprise?

• A non-profit organization

• A government agency

• A small business

• A project or undertaking

Which term refers to the financial assets or resources used in the production of goods and services?

• capital

• investment

• profit

• money

What are the characteristics of enterprise?

• Large organization with hierarchical structure and focus on generating profits

• Small organization with flat structure and focus on social impact

• Medium organization with matrix structure and focus on innovation

• Large organization with decentralized structure and focus on customer satisfaction

What are the types of capital?

• emotional capital, spiritual capital, technological capital, and political capital

• tangible capital, intangible capital, ecological capital, and reputational capital

• financial capital, human capital, physical capital, and social capital

• monetary capital, intellectual capital, cultural capital, and natural capital

Which type of capital refers to the physical assets used in the production process?

• financial capital

• physical capital

• human capital

• natural capital

Which type of capital refers to the financial assets used in the production process?

• physical capital

• financial capital

• human capital

• social capital

Which term refers to the ability and willingness to start, organize, and manage a business venture?

• creativity

• entrepreneurship

• leadership

• initiative

What are the key characteristics of enterprise?

• Flexibility, simplicity, isolation, vulnerability, and chaos.

• Limited capacity, simplicity, isolation, insecurity, and anarchy.

• Scalability, complexity, integration, security, and governance.

• Scalability, simplicity, isolation, vulnerability, and governance.

Which characteristic of enterprise refers to taking calculated risks and being innovative?

• risk management

• conservatism

• stagnation

• entrepreneurship