TLE Exam

it is the process of transforming an ides or invention into a good or service that creates value

• entrepreneurship

• entrepreneur

• innovation

• concept

it is the transforming or innovating the use of resources into profitable business

• entrepreneurship

• entrepreneur

• innovation

• concept

the one who sees the needs of others as a business opportunity

• entrepreneurship

• entrepreneur

• innovation

• concept

an idea or invention to help sell or publicize a commodity

• entrepreneurship

• entrepreneur

• innovation

• concept

a powerful businessman and especially formerly a foreigner living and operating in Hong Kong or China

• entrepreneurship

• ownership

• proprietorship

• taipan

a business structure in which an individual and his/her company is considered as a single entity

• entrepreneurship

• ownership

• proprietorship

• taipan

the act, state, or right of possessing something

• entrepreneurship

• ownership

• proprietorship

• taipan

match the following business enterprise according to it's size

• 1-5 employees

• cottage enterprise

• 100+ employees

• medium scale enterprise

• 200+ employees

• microenterprise

• 6-9 employees

• large scale enterprise

• 11-99 employees

• small scale enterprise

Match the following business enterprise according to it's ownership

• owned and operated by 2 or more people

• corporation

• has 5 owners known as stakeholders

• single or sole proprietorship

• owned and operated by a single individua

• partnership

• a member-owned business

• cooperative

owners of a corporation are known as?

• stakeholders

• stackholders

• partners

• capital stocks