The ownership of companies is divided into small units called:
Shares
Dividends
Profits
Debentures
The entrepreneur may avoid the cost of:
Buying
Selling
Both 1 & 2
Forfeiting
Which of the following are the physical goods used by industry to aid in the production of other goods and services?
Producer goods
Consumer goods
Capital goods
Industrial goods
The starting and managing of a successful business and aiding in the development of useful skills is termed as:
Economic development
Economic growth
Personal development
Global development
Who has an idea for a new business?
Producer
Consumer
Entrepreneur
Creditor
Any increase in output of goods or services from a start up business will increase the gross domestic product of the country. This is termed as:
Economic planning
Globalisation
Who will have to make the product, promote it, sell it and count the money?
Social enterprises compete with other business in the:
Same market or industry
Different market or industry
Same market or agricultural sector
Commercial sector
Industrialisation is the term used to describe the growing importance of the:
Primary sector
Secondary sector
Tertiary sector
Quaternary sector
A business with mainly social objectives that reinvest most of its profits into benefiting society rather than maximizing returns to owners, is termed:
Business enterprise
Economic enterprise
Social enterprise
Cultural enterprise