Would you say that the depreciation of the Egyptian currency was caused by changes in the Political, Economic or Legal Environments?
Economic
Because she was afraid the business would close after her death, Nourhan decided not to open the restaurant of her dreams. What type of business form does this example mostly likely represent?
Sole Proprietorship
Political and legal are main dimensions in the business internal environment.
False.
Okhtein Sisters decided to open a business where they share everything 50/50. What type of partnership is this? a)General Partnership b)Limited Partnership
a)General Partnership
Jana was teaching in Egypt until recently, when she decided to return to USA after a new law was enforced compelling all famale teachers to wear headscarfs. Which Environmental factor is that ?
Legal
If Microsoft got charged with a cyber infringement suit, who would be held responsible? a)Bill Gates b)Microsoft
Microsoft; because it is a corporation (separate legal entity).
T/F: When analyzing the "ethical" factor of the STEEPLE Analysis, one could ask: "Are there consumer protection laws?."
True
The set of values, beliefs, behaviors, customs, and attitudes that helps the members of the organization understand what it stands for is called______.
Culture.
After closing a deal with a huge client, Mariam felt gutted. She only wished she was the sole owner of the business. Why do you think Mariam was gutted?
She must share the profits with her partner.
Commercial organizations are organizations that operate for other purposes than for profits..
False. Commercial organizations operate for profits.
KFC, McDonald's & Pizza Hut are all examples of a: a)Franchises b)Cooperatives C)Joing Ventures D)Syndicates
Franchises.
If the country is borrowing money, the value of its currency is low and the unemployment rate is low, this analysis involves _________________ environmental factors? Political, social, economic
Economic
T/F: STEEPLE Analysis identifies factors that occur within the organization.
False; external.
Mariam is a finance specialist and Jana majored in marketing. Both decided to team up with Farah, who graduated with a concentration in HR, in order to start their own business. Why would the 3 girls opt to do so?
They can combine their knowledge and skills and each one has limited resources, so they may have trouble expanding.
T/F: Ownership of a corporation can only transferred through the buying and selling of stocks.
True.
T/F: Maintaining a healthy business environment is important for a business to achieve profits.
True.
ORASCOM'S IPO, which helped the company raise more than LE 50 billion, is a statement showing a corporation's superiority in retaining its profits.
False; in acquiring funds.
T/F: You should analyze both internal and external business environments because each environmental factor has a different effect on your business.
True.
Nadine was only liable for the LE 500,000 she had invested in the business, therefore, when the business faultered, she didn't have to pay from her personal money. What type of partner is Nadin? a)General Partner b)Limited Partner
Limited Partner
For which of the following types of business do you think a sole proprietorship firm of organization would be more suitable, and why? Grocery store Medical store Legal consultancy Craft center Internet café
Internet Cafe (small scale, limited risks)