Who are referred to as the individuals who start a company?

Study for the IGCSE Enterprise Test. Challenge yourself with engaging flashcards and multiple choice questions, complete with helpful hints and explanations. Prepare for success!

Multiple Choice

Who are referred to as the individuals who start a company?

Explanation:
The individuals who start a company are referred to as founders. Founders are typically the visionaries behind the business idea; they take the initial risks and responsibilities of establishing the company from the ground up. They are involved in the concept development, business planning, and often in securing initial funding, setting the foundation for the organization's future. Founders can vary in number; a company might have one founder or multiple co-founders, each contributing their skills and resources. Their role is crucial as they shape the company culture, vision, and direction. While investors provide funding, managers oversee daily operations, and shareholders own parts of the company through stocks, it is the founders who initiate the entrepreneurial journey.

The individuals who start a company are referred to as founders. Founders are typically the visionaries behind the business idea; they take the initial risks and responsibilities of establishing the company from the ground up. They are involved in the concept development, business planning, and often in securing initial funding, setting the foundation for the organization's future.

Founders can vary in number; a company might have one founder or multiple co-founders, each contributing their skills and resources. Their role is crucial as they shape the company culture, vision, and direction. While investors provide funding, managers oversee daily operations, and shareholders own parts of the company through stocks, it is the founders who initiate the entrepreneurial journey.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy