Business Characteristics Quiz
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Questions and Answers

What is the primary motive of business according to the given characteristics?

  • Recurrence of transactions
  • Element of risk
  • Profit motive (correct)
  • Satisfaction of human needs

    • What differentiates business from non-business activities based on the given characteristics?

  • Recurrence of transactions
  • Profit motive (correct)
  • Satisfaction of human needs
  • Element of risk

    • Which element is essential for the satisfaction of human needs through business?

  • Recurrence of transactions
  • Dealings in goods and services (correct)
  • Element of risk
  • Profit motive

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