Chapter 6- Entrepreneurship And Management Flashcards
1
Q
People who are not in the formal workforce:
A
- By choice
- Homemakers
- Pensioners
- Unemployed
- Philanthropists
- Investors
- Dismissed
- Retrenched
2
Q
Types of entrepreneurial businesses:
A
- Home-based
- Survivalist
- Micro
- Small
- Medium
- Large
3
Q
Important factors to consider before starting a business:
A
- Environmental scanning
- Form of ownership
- Establishment
- Impact of general management
4
Q
Factors influencing choice of ownership:
A
- Capital requirements
- Formation procedures
- Legal personal and liability for debts
- Continuity of existence
- Tax implications
- Management factors
