Unit 2

Question 1

Define Enterprise

Answer 1

organized set of capital (material and immaterial elements) and work (personal element) destined to the production or distribution of goods and provision of services for the market

Question 2

Define Entrepreneur

Answer 2

Natural or legal person who professionaly and in its own name, exercises the activity of organizing the precise means for the production or exchange of goods or services for the market

Question 3

Define business (as an object of legal traffic)

Answer 3

set of relations + valutations of elements of the company = business

Question 4

What is the valuation of business? Is it always superior to it?

Answer 4

Valuation:
the sum of the set of elements that make up the company

No, it can also be lower due to losses, obsolete machinery, unprofitable contracts, loss of prestige…

Question 5

What are the Entrepreneur Classes?

Answer 5

Natural (1 person) or Legal Person (business entity)

by the size of the enterprise (small, medium, large)

Private or Public

Question 6

What are the Professional Obligations of an entrepreneur/enterprise?

Answer 6

A) Keep accounting and documentation of its operations

B) Obligation referred to the legal publicity of the entrepreneur and its activity

C) Obligation of loyalty in relation to compatition in the market

Question 7

What are the factors that define the legal capacity to act of an entrepreneur?

Answer 7

Legal Capacity + capacity to act

Capacity to act = Legal age + NO judicial incapacitation (ratards)

Question 8

What are the debt responsibilities of entrepreneurs?

Answer 8

“The debtor is responsible for the fulfillment of the obligations with all his/her assets, present and
future .

Question 9

Define the concept of individual entrepreneur

Answer 9

the natural person who exercises the activity of entrepreneur

-organization of enterprise professionally
-assuming risks of the activity on their own account

Question 10

what are the charcteristics of the individual entrepreneur?

Answer 10

legal capacity to be an entrepreneur <—> legal capacity of the natural person

Responsibilities (contractual/non-contractual) –> responsible for his/her obligations with all his/her present and future assets

Restrictions on the exercise of bysiness activity (even legal capacity to act)
- INCOMPATIBILITIES–> legal restrictions imposed on people performing certain public functions
-PROHIBITIONS –> legal prohibition to compete with business activities of the same kind as those of a specific employer
-DISQUALIFICATIONS –> exercise of business is prevented as a sanction