624149
Description
Flashcards by jamaarhouse, updated more than 1 year ago
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Created by jamaarhouse
over 10 years ago
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| Question | Answer |
| Cherry is a professional DJ. Which of the following is most likely to be a supplier to her business? | A record store |
| Which of the following is an example of enterprise? | Starting a new business is an example of enterprise. |
| What is it important for an entrepreneur to do? | It is important for an entrepreneur to use their initiative. |
| Which of the following best describes deliberate creativity? | Deliberate creativity is a thinking skill. |
| What is enterprise? | Enterprise is a skill |
| Who is limited liability an advantage to? | Limited liability is advantage to shareholders. |
| What is a business that sells the right to use a business idea? | A business that sells the right to use a business idea is called a franchisor. |
| Which type of business does NOT usually have limited liability? | A partnership does NOT usually have limited liability. |
| What do economies of scale result in? | Economies of scale result in lower unit costs. |
| What is hiring more staff an example of? | Hiring more staff is an example of internal growth. |
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