Enterprise Questions

The difference between an enterprise and a small business is:

• The size and scale of operations

• The type of products or services offered

• The location of the business

• The number of employees

How does an enterprise contribute to the economy?

• By creating jobs and generating income

• By increasing unemployment

• By reducing economic growth

• By causing inflation

What are the key characteristics that make an enterprise successful?

• Strong leadership and vision

• High employee turnover

• Lack of innovation

• Poor customer service

What are the different types of enterprises?

• Sole proprietorship, corporation, nonprofit

• Only sole proprietorship

• Only corporation

• Only nonprofit

An example of a social enterprise and its impact is:

• Grameen Bank, which provides microloans to the poor, helping to reduce poverty.

• Google, which is a tech giant providing internet services worldwide.

• Amazon, which is an e-commerce platform offering a wide range of products.

• Tesla, which manufactures electric vehicles to reduce carbon emissions.

Entrepreneurship relates to the concept of enterprise in which of the following ways?

• Entrepreneurship is the process of starting and operating a new business, while enterprise refers to the business itself.

• Entrepreneurship and enterprise are completely unrelated concepts.

• Enterprise is the process of starting a new business, while entrepreneurship refers to the business itself.

• Entrepreneurship and enterprise both refer to large corporations.

What risks do entrepreneurs face when starting an enterprise?

• Financial instability

• Guaranteed success

• No competition

• Unlimited resources

Innovation plays a crucial role in the success of an enterprise by:

• increasing operational efficiency and reducing costs

• hindering growth and causing stagnation

• decreasing market competitiveness

• limiting customer engagement

Enterprises contribute to job creation and economic growth by:

• providing employment opportunities and fostering innovation

• increasing taxes and reducing consumer spending

• limiting competition and focusing on local markets

• outsourcing jobs to other countries

What social or environmental responsibilities should an enterprise consider?

• Reducing carbon footprint and waste

• Maximizing profits at any cost

• Ignoring community welfare

• Focusing solely on shareholder value