WorksheetsPOST TEST - PURPOSE OF ESTABLISHING BUSINESS ENTERPRISE
Total questions: 12
Worksheet time: 5mins
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.
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
The purpose of business activity is to provide goods and services that customers want to buy, at a price that they are willing to pay.
TRUE
FALSE
Jollibee continues to grow and innovate, with over 6,300 stores worldwide as of September 2022. The company remains committed to its mission of bringing joy to every meal and making a positive impact on the communities it serves.
Jollibee's journey from a small ice cream parlor to a global fast-food giant is a testament to its founder's vision, hard work, and dedication to quality and customer satisfaction.
Based on the above statement, what are Jollibee's contribution to socio-economic development? 5PTS
A. Community development
B. Economic growth
C. Job Creation
D. All of the above
