BUSINESS STUDIES FIRST CA 2ND TERM YEAR 7

Entrepreneurship is also know as__

• Commerce

• organization

• vocational production

Without ____,all factors of production is useless.

• capital

• labour

• entrepreneurship

• land

The reward for entrepreneurship is ___

• lost

• profit

• profit or lost

• money

...... is the acceptance of risk for the production of goods and services with uncertainty.

• Entrepreneur

• Enterprise

• Establishment

• Enrollment ship

___ are various business organizations owned by an individuals, government and its agencies either to maximize profit or render services that will satisfy the needs and wants of human beings.

• Business

• Enterprise

• management

• occasions

The type of enterprise that are set up by individual and a group of individuals who gather all resources to do a business with the primary aim and objective of optimizing profit is __

• public enterprise

• private enterprise

• private entrepreneur

• public entrepreneur

sole proprietorship is an example of

• private entrepreneur

• public entrepreneur

• public enterprise

• private enterprise

Nigeria Railway Corporation (NRC) is an example of ___

• Public enterprise

• private enterprise

• private entrepreneur

• public entrepreneur

Partnership, limited liability companies and cooperative societies are examples of____

• Private enterprise

• public enterprise

• private entrepreneur

• public enttrpreneur

Private enterprise is financed by the following except

• sole trader

• partners

• shareholders

• government