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