Entrepreneurship is the ability and willingness to start, operate and assume the risk of a business venture in the hope that you will make a profit.
Respuesta
True
False
Pregunta 2
Pregunta
A sole trader is an unincorporated structure of a business ownership which has more than 2 and less than 50 partners.
Respuesta
True
False
Pregunta 3
Pregunta
A partnership business structure can have up to 400 shareholders.
Respuesta
True
False
Pregunta 4
Pregunta
Buying a Franchise means buying the rights from another business, to distribute its products under its name.
Respuesta
True
False
Pregunta 5
Pregunta
A complimentary business offers products or services that are different to yours but are aimed at the same customers in a shopping precinct such as a shopping strip or centre.
Respuesta
True
False
Pregunta 6
Pregunta
An accountant will provide interest free loans and free advice on financial services at your bank.
Respuesta
True
False
Pregunta 7
Pregunta
A solicitor can provide information on business formation and structure, registration, contracts, leases and more.
Respuesta
True
False
Pregunta 8
Pregunta
Business enterprise centres (BEC), Chamber of Commerce and local government are all sources of legal and business management advice.
Respuesta
True
False
Pregunta 9
Pregunta
One of the following are forms of business ownership:
Respuesta
sole trader, partnership, company
accountant, engineer, company
incorporated, partnership, large business
shopping centre, home based, online
Pregunta 10
Pregunta
Which choice best describes market research?
Respuesta
identify who, what and where
Identify information, gather, analyse and interpret