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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

Business Characteristics Quiz

Choose a study mode

Podcast

Questions and Answers

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

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

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

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