Business Activity_Meeting 4

What does an entrepreneur do?

• Sewing clothes

• Managing other production factors

• Teaching in school

• Singing on stage

What is meant by entrepreneurship?

• Finding money from business ideas

• Searching for treasure

• Looking for a permanent job

• Searching for food in the forest

What is meant by partnership?

• When 2 to 20 people own a business together

• Business without an owner

• Business owned by the government

• Business owned by one person

What are the benefits of being a sole trader?

• Owner does not need to make decisions

• Owner does not need to pay taxes

• Owner does not need to work

• Owner can retain all profits

What are the weaknesses of being a sole trader?

• Unlimited liability

• Unable to make a profit

• No need to work hard

• No need to deal with taxes

What is offered by the franchisor to the franchisee?

• Pekerjaan tetap di kantor

• Penghargaan dari pemerintah

• Lisensi untuk berdagang dengan nama merek franchisor

• Pendidikan gratis

What are the benefits of being a franchisee?

• Unpredictable setup costs

• No support provided

• Lower risk - tested idea

• National marketing not regulated

Do you want to establish your business as a non-profit organization? Why?

• Yes, because I want to improve the well-being of people and the environment

• No, because I only want to make a profit

• No, because I don't care about the well-being of others

• Not sure

Choose one, want to be an entrepreneur for sole trading or partnership. Why choose so?

• Not sure

• Not interested in being an entrepreneur

• Sole trading, because want to have full control

• Partnership, because want to share responsibility

What is done in a business audit?

• Formal examination of a company's financial records to verify their accuracy

• Business plan creation

• New product development

• Corporate event organization