1.1.3 The Role of Business Enterprise

• Business enterprises create value by satisfying unmet needs in the market.


  True
• Business enterprises contribute to the tax base for public services
• A social enterprise operates with the primary goal of addressing a social or environmental need
• Unethical practices by business enterprises may include corruption or deceptive business practices
• Business enterprise refers to the use of business skills and initiative to seek out opportunities
• Business enterprises foster competition by introducing innovative products and services.


  True
• Match the type of business enterprise with its function:

  Sole Proprietorship ↔️ Generates income for owner

  Partnership ↔️ Shares risks and profits

  Limited Company ↔️ Generates profits for shareholders

  Social Enterprise ↔️ Addresses social or environmental needs

  Cooperative ↔️ Provides benefits to members
• Business enterprises drive economic growth through job creation and increased production
• Business enterprises drive economic growth through job creation and increased production
• What is the primary function of a sole proprietorship?

  Generating income for the owner
• The negative impact of business enterprises on society includes environmental harm.


  True
• Ethical business practices prioritize sustainability and worker welfare.


  True