Entrepreneurship Tutorial 1

Playing a role as a _______, this manager is responsible to maintain information links between both inside and outside the organization.

• figurehead

• disseminator

• negotiator

• liaison

_________ capital is used to purchase a company’s permanent assets such as land, buildings and equipment.

• working

• fixed

• growth

• stable

One of the roles of Small Medium Enterprises (SME) is _______.

• source of innovation and creativity

• reduce market share

• increase capital

• attract large number of customer

Unlimited liability for sole proprietors means that _______.

• a partnership appears relatively more attractive

• they can lose everything they own if their business fail

• proprietors are liable for all the value of all the shares they own in a business

• sole proprietorship are less risky to operate than corporations

A quota is _______.

• a duty or tax that a government puts on products that are imported into the country

• the maximum amount of a product that can be imported into a country

• a prohibition or suspension of foreign trade of specific imports or exports

• a law that a government uses to regulate products that are imported into the country

An embargo is ______.

• A duty or tax that a government puts on products that are imported into the country

• The maximum amount of products that can be imported or exported

• A prohibition or suspension of foreign trade of specific imports or exports

• A law that a government uses to regulate products that are imported into the country

_________ is the expected sales potential from the selected target market.

• market share

• sales forecast

• market segmentation

• revenues

A price that set up base on the rivalry price, who sells similar product is called ______.

• cost-based pricing

• value-based pricing

• competition-based pricing

• price differentiation

The single most important advantage of a sole proprietorship is _______.

• limited liability

• the ease of incorporation

• the ease of decision making

• the ability to finance expansion through stock sales

Management is a process of __________ the organization’s resources.

• planning, organizing, leading and controlling

• planning, orientation, collection and controlling

• planning, coordinating, searching and budgeting

• planning, communicating, organizing and budgeting