Business Studies Objective Questions

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Entrepreneurship

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<h2><strong>ENTREPRENEURSHIP</strong></h2> CONTENT <ol> <li>Meaning of Entrepreneurship</li> <li>Meaning of Enterprise</li> <li>Meaning of Self Employment</li> <li>Facilities Available for Self Employment</li> <li>Successful Entrepreneurs</li> <li>Local, National and International Entrepreneurs</li> <li>Importance or Functions of Entrepreneurship</li> </ol> <br> <h2><strong>Meaning of Entrepreneurship</strong></h2> Entrepreneurship is gotten from the French verb ‘entrepreneur’, which means ‘to undertake’. Entrepreneurship is the process of starting a business or other organization for the purpose of making profit. The entrepreneur develops a business model, acquires the human and other required resources, and is fully responsible for its success or failure. It is defined as an individual who organizes or operates a business or businesses. <h2><strong>Meaning of Enterprise</strong></h2> Enterprise refers to economic and business, nonprofit and government agencies responsible for production and distribution of goods and services. It can also be defined as effort made by people to achieve something. For example people have the initiative to start project to face challenges and to take risk in order to achieve their goals.

Correct Spacing and Punctuation Marks (Keyboarding Applications)

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<h1><strong>CORRECT SPACING AND PUNCTUATION MARKS (KEYBOARDING APPLICATIONS)</strong></h1> CONTENT <ol> <li>Identification and Uses of Spacing Keys</li> <li>Correct Finger Placement</li> <li>Correct Use of Punctuation Mark Keys</li> <li>Correct Spacing After Punctuation Marks</li> </ol>   <h2><strong>Identification and Uses of Spacing Keys</strong></h2> Spacing keys are special keyboard characters that are used to give appropriate characters that are used tp give gap(s) in between words or typing lines. <strong>They are as follows:</strong> <ol> <li>Backspace: This moves the carriage or cursor one space at a time. It is usually typed with the weak or pinky finger on the right hand. It is used to erase characters from the end.</li> <li>Line space regulator: busin It can be adjusted by the right or left hand. it allows for 1, 1½ , 2 and 3 line spacing.</li> <li>Space bar: This is a rectangular bar at the bottom of a typewriter or computer. When touched, it gives space between characters. It is usually typed with the thumb especially the right thumb.</li> </ol> Some of the punctuation marks on the keyboard are: , . ? ‘‘’’ ; : () ! <h2><strong>Correct Finger Placement</strong></h2> After fingers are properly placed on the home keys, the right and left thumbs should be dangling on the space bar. The right thumb is used to press the space bar whenever the need arises to give space. For correct finger placement on punctuation marks, the 3<sup>rd</sup> finger on the right hand side is used to press comma key, while the 4<sup>th</sup> finger i.e. the little finger is used to press the full stop key. These are on the Nottem row.

Forms of Business Organisation: Sole Trade

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<h1><strong>SOLE TRADE </strong></h1> CONTENT <ol> <li>Types of Business Organisation</li> <li>Meaning of Sole Trade</li> <li>Advantages and Disadvantages of Sole Trade</li> </ol>   <h2><strong>Forms or Types of Business Ownership</strong></h2> The following are the four forms of business ownership: <ol> <li>Sole proprietorship;</li> <li>Partnership;</li> <li>Co-operative societies and</li> <li>Private and public limited liability companies.</li> </ol> Ownership refers to the individual or organization that brings together the factors of production.

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