POST TEST - PURPOSE OF ESTABLISHING BUSINESS ENTERPRISE

What is one of the primary purposes of establishing a business enterprise?

• A.  To maximize tax revenue

• B. To cater to local taste preferences

• C. To eliminate competition

• D. To reduce product prices globally

Which of the following is NOT a typical contribution of a business to socio-economic development?

• A. Creating jobs

• B. Increasing pollution

• C. Supporting local communities

• D. Driving Innovation

Establishing a business enterprise is about creating commercial entities with the goal of generating profit or fulfilling a specific____?

• A.Instability

• B. Demand

• C. Purpose

• D.Niche

The purpose of establishing a business goes beyond profit-making; it plays a vital role in the broader socio-economic development of a country by;

• A. providing goods and services

• B. advancing the economy

• C. creating employment opportunities

• D. All of the above

Having more cash means companies have the resources to procure capital, improve technology, grow, and expand. What socio-economic contribution is this to a country?

• A. Advancing the Economy through innovation

• B. Income distribution

• C. Community development through social responsibility

• D. None of the option

A business approach to creating long-term value by taking into consideration how a given organization operates in the ecological, social and economic environment.

• A.Innovation

• B. Design

• C. Sustainability

• D.Social Responsibility

Businesses can initiate programs and projects that aim to improve the living conditions in underdeveloped communities. What is this contribution to society?

• A. Poverty Alleviation

• B. Promoting Sustainability

• C. Advancing the economy

• D. Market Niche

Business organizations exist ____.

• A. mainly for profit

• B. to be on trend

• C. to serve consumers need

• D. None of the above

An important components in modern society as they contribute to the economy’s growth, provide products for consumption, and offer employment to the people .

• A. Religious organization

• B. Business organization

• C. Business discontinuation

• D. Politics and Governance

How does a business enterprise contribute to community development?

• A. By monopolizing the market

• B. By engaging in community outreach programs

• C. By outsourcing jobs to other countries

• D. By reducing product quality