Business Basics
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Questions and Answers

Which one of the following is the main reason why people engage in economic activities?

  • To gain social recognition
  • To fulfill their personal interests
  • To pursue their hobbies
  • To earn their livelihood (correct)

    • What is the term used to describe human activities that are performed for the purpose of earning one's livelihood?

  • Economic activities (correct)
  • Leisure activities
  • Non-economic activities
  • Social activities

    • Which of the following is NOT mentioned as a possible career choice?

  • Engineer
  • Teacher (correct)
  • Doctor
  • Dancer

    • What is the role of profit in business?

    <p>To provide financial stability</p> Signup and view all the answers

    What will you learn in this lesson?

    <p>Different types of economic activities</p> Signup and view all the answers

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