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What is a partnership (شركاء)?

(owned =يمتلكه )

• The money needed to start a business.

• A business owned by just one person.

• A business owned by two or more people.

• A business owned by the government

What is an advantage of a partnership?

• The work is shared

• Profits are shared

• Conflicts (تضارب) may arise

• Decisions are difficult to take

What is a disadvantage of a sole trader (مؤسسة ذات مالك واحد)?

• easy to set up

• decision making is quick

• Profit is not shared

• too much work to handle

What type of business structure is this an example of? (Apple and Hermes)

• Sole trader

• Partnership

• Joint Venture

• Franchise

What type of business structure is this an example of?

• Sole trader

• Franchise

• Joint venture

• Partnership

Recommend a business structure for "Assala", A designer Abaya boutique founded by Sheikha and Maitha..

• Sole trader

• Partnership

• Private limited company

• Public limited company

Business objectives (الأهداف) must be............... to be meaningful?

• vague

• S.M.A.R.T

• unspecified

• irrelevant

What was the main business objective for most businesses during the coronavirus pandemic?

• Growth

• Increasing market share

• maximizing profits

• Survival

Which element of a SMART objective involves setting a time or a deadline to achieve the objective?

• Specific

• Measurable

• Achievable

• time-bound

Which one of the following objectives is measurable?

• Make a profit.

• Make profit to grow the business.

• Make a profit sometimes.

• Make a profit of AED20,000 monthly.