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Enterprise and Small Business Management Flashcards | StudBud

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Enterprise and Small Business Management

10 terms·StudBud Administration·41 plays

HNC Unit 9

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Questions 10

Answers

1
A serial entrepreneur is one that
Starts one business after another or has multiple businesses
Has a number of ideas but settles on one to pursue
Works within a large business but shows enterprise skills
Starts and runs a business, remains in operational control
2
How much of the EU economy is made up of Social Enterprise?
50%
10%
90%
70%
3
A social enterprise is typically
Set up with the objective of bringing people together
Set up with an environmental or public interest
Not very creative
One that involves using multiple media forms
4
Which of the following is NOT true for a small business?
Can be a partnership
Has a turnover of less than £10 million
Has turnover of less than £2 million
Has less than 50 employees
5
Three types of entrepreneurship are...
Social, Lifestyle, Growth
Copyright, Patent, Trademark
Manager, Employee, Customer
Venture, Structured, Free
6
The use of original or imaginative ideas to create something is called
Creativity
Innovation
Production
Copyright
7
How much of the EU economy is made up of SME's
70%
10%
90%
50%
8
Intellectual Property Rights are...
Copyrights, patents and trademarks
Non mortgaged physical assets
Legal right to charge rent
New ideas and inventions
9
Innovation is....
Inventing a new product
Thinking up new ideas
Capitalising on new ideas
Patenting new ideas
10
Enterprise is....
Another word for a business
Another word for a person
Another word for capital
Another word for a product