MATCHING
Complete the following using the terms listed.
-The right to ______ is the most basic freedom of the private enterprise system.
A)outsourcing
B)diversity
C)entrepreneur
D)competitive differentiation
E)private property
F)capital
G)vision
H)factors of production
I)brand
J)relationship era
K)not-for-profit organizations
L)business ethics

Question

Quizplus · Accepted Answer

Private property is essential to the private enterprise system as it allows individuals and businesses to own and control the resources they need to operate.

Answer: F
 Capital refers to the financial resources that businesses and individuals use to invest in and grow their enterprises. It is a crucial factor in the success of private enterprise.

Answer: H
 Factors of production refer to the resources, such as land, labor, and capital, that businesses use to produce goods and services. Managing these resources effectively is essential to the success of private enterprise.

Answer: L
 Business ethics refers to the principles and values that guide the behavior of individuals and organizations in the business world. Adhering to ethical standards is crucial for maintaining the trust and confidence of customers and stakeholders.

Note: Some of the other terms listed may also be important to private enterprise, but they do not directly relate to the most basic freedom.

MATCHING Complete the Following Using the Terms Listed