Unit 1: Enterprise

Which of the following best defines an enterprise?

• An organization that provides free social services

• An organization legally established to conduct business activities for profit

• A group of people working temporarily on a project

• A government agency managing public services

Enterprises can be classified in several ways. Which of the following is correct?

• Legal form, ownership, and size

• Color, location, and number of managers

• Age of employees, salary, and nationality

• Technology, culture, and language

What is one main advantage of a Limited Liability Company (LLC)?

• Owners have unlimited responsibility for debts

• The owner has unlimited liability

• The company cannot make profit

• It must be owned by the government

What is one disadvantage of a sole proprietorship?

• It has too many shareholders

• The owner has unlimited liability

• The company cannot make profit

• It must be owned by the government

Which enterprise classification is based on the number of employees and capital?

• Classification by ownership

• Classification by legal form

• Classification by enterprise size

• Classification by management style

Translate the following paragraph into English using appropriate business and enterprise terminology.

Translate the following paragraph into Vietnamese.