I. Using some of the expressions in the box below, outline the definition of enterprise concept.

basic unit, national economy, resources, supplies, works and services, consumers, profit

II. True or false:

a) The term enterprise comes from the French word “entreprise”, being synonymous with the terms
economic unit, company or organization.
b) The enterprise is an economic agent that organizes and carries out its activity on the market regardless to
the conditions of its environment.
c) The Enterprise is an economic component of the environment.
d) By economic agent, we understand a person or group of natural or legal persons/entities who, as
participants in the economic life, play different roles and display different economic behaviors.
e) The agents can be producers and consumer economic agents.

III. Multiple choice test

1. In Romania, according to Law no. 15 / 1990 on the reorganization of state economic units as autonomous
administrations and trading companies, the main economic agents are:
a) autonomous administrations, state-owned enterprises and corporations
b) trading companies
c) holding
d) superholding
e) a+b

2. Intelectual capital:
a) represents the totality of the labor resources within an enterprise;
b) represent the totality of raw materials, materials, equipment, machinery, buildings, land, energy
resources of an enterprise;
c) consists of all knowledge of the members of on enterprise that gives the company a competitive
advantage;
d) represent the set of pecuniary resources of the enterprise used for procuring technical-material resources.