Chapter 6- Entrepreneurship And Management Flashcards by Ben Shipster

Q

People who are not in the formal workforce:

A

By choice
Homemakers
Pensioners
Unemployed
Philanthropists
Investors
Dismissed
Retrenched

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Q

Types of entrepreneurial businesses:

A

Home-based
Survivalist
Micro
Small
Medium
Large

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Q

Important factors to consider before starting a business:

A

Environmental scanning
Form of ownership
Establishment
Impact of general management

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Q

Factors influencing choice of ownership:

A

Capital requirements
Formation procedures
Legal personal and liability for debts
Continuity of existence
Tax implications
Management factors

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