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WorksheetsEntrepreneurship Tutorial 1
Total questions: 10
Worksheet time: 10mins
Playing a role as a _______, this manager is responsible to maintain information links between both inside and outside the organization.
figurehead
disseminator
negotiator
liaison
_________ capital is used to purchase a company’s permanent assets such as land, buildings and equipment.
working
fixed
growth
stable
One of the roles of Small Medium Enterprises (SME) is _______.
source of innovation and creativity
reduce market share
increase capital
attract large number of customer
Unlimited liability for sole proprietors means that _______.
a partnership appears relatively more attractive
they can lose everything they own if their business fail
proprietors are liable for all the value of all the shares they own in a business
sole proprietorship are less risky to operate than corporations
A quota is _______.
a duty or tax that a government puts on products that are imported into the country
the maximum amount of a product that can be imported into a country
a prohibition or suspension of foreign trade of specific imports or exports
a law that a government uses to regulate products that are imported into the country
An embargo is ______.
A duty or tax that a government puts on products that are imported into the country
The maximum amount of products that can be imported or exported
A prohibition or suspension of foreign trade of specific imports or exports
A law that a government uses to regulate products that are imported into the country
_________ is the expected sales potential from the selected target market.
market share
sales forecast
market segmentation
revenues
A price that set up base on the rivalry price, who sells similar product is called ______.
cost-based pricing
value-based pricing
competition-based pricing
price differentiation
The single most important advantage of a sole proprietorship is _______.
limited liability
the ease of incorporation
the ease of decision making
the ability to finance expansion through stock sales
Management is a process of __________ the organization’s resources.
planning, organizing, leading and controlling
planning, orientation, collection and controlling
planning, coordinating, searching and budgeting
planning, communicating, organizing and budgeting
