Small Businesses Are Important Because They _________

question 9

Multiple Choice

Small businesses are important because they _________

• A) Play an important role in the economic growth
• B) Have happy employees
• C) Are willing to take risks
• D) Have experienced managers

Recognize the role of innovation and creativity in entrepreneurship.

Identify the characteristics of successful entrepreneurs and entrepreneurial educators.

Understand the importance of a long-term perspective and adaptability in entrepreneurship.

Analyze the role of entrepreneurship in social and economic equality.

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Definitions:

Labour Costs

The total expenditure borne by employers for the payment of wages, benefits, and taxes associated with the employment of labor.

Job Satisfaction

The level of contentment individuals feel with their job roles, encompassing aspects like work environment, duties, and compensation.

Employment Standards Legislation

Laws that define the rights and responsibilities of employees and employers, including minimum wage, working hours, and safety regulations.

Employee

describes an individual who works part-time or full-time under a contract of employment, contributing to the business in exchange for compensation.