Question
Fill-in-the-Blanks Instructions: While watching Domain 1 Lesson 1, fill in the missing words according to the information presented by the instructor. (References are found in the brackets.] 1. The key objective of a small business owner is to generate __ [Entrepreneurship and Small Business] 2. Entrepreneurs are willing to take on new opportunities and unknown __ to grow their businesses rapidly. Entrepreneurship and Small Business] 3. Tangible items that require pick-up or delivery are __ products. [Classify Types of Businesses] 4. When a __ purchases an item from a'business, it is a business to-consumer transaction . [Classify Types of Businesses] 5. __ are for-profit corporations with limited liability. [Business Legal Structures] 6. __ are ideal for international businesses. (Business Legal Structures] 7. The __ oversees daily operational and administrative functions. [Business Roles and Responsibilities] 8. A __ votes on the management of a company. (Business Roles and Responsibilities) __
Answer
4.2
(191 Votes)
Stuart
Master · Tutor for 5 years
Answer
1. profit 2. risks3. physical4. consumer5. Limited Liability Corporations6. Multinational corporations7. Chief Operating Officer8. Board of Directors
Explanation
1. The key objective of a small business owner is anchored upon the content discussed in "Entrepreneurship and Small Business". As it is quite common so derives the completion component directly from the topic as "profit".2. Entrepreneurs being open to new opportunities in expanding their enterprises. Based on the associated topic "Entrepreneurship and Small Business", the missing word can further be inferred as "risks".3. Referring to the topic "Classify Types of Businesses", the context postulates towards concrete, physical entities typically involved in trade dynamics.4. The omitted term accentuates the person involved in the act of purchasing- who will be defined as "consumer" under the "Classify Types of Businesses".5. It's indicated that there are profit-oriented corporations having a particular association, further assessment on the text "Business Legal Structures" categories this more accurately as a "limited liability corporation".6. With regard to "Business Legal Structures", similar businesses when discussed with a global or international standpoint will be "multinational corporations".7. Reflecting into "Business Roles and Responsibilities", and inputting into consideration the daily operational management and administrative activities are the roles of Chief Operational Officer (COO).8. Reflecting the fact that there is a group of people involved within the business setting responsible for casting votes defines "board of directors" under "Business Roles and Responsibilities".