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Questions and Answers
What is the primary focus of the concept of business?
What is the primary focus of the concept of business?
- Environmental conservation efforts
- Personal development
- Social welfare programs
- Economic activities for profit (correct)
Which of the following is a key feature of business activities?
Which of the following is a key feature of business activities?
- Independent of economic factors
- Risk and uncertainty (correct)
- Non-profit orientation
- Short-term perspective
Why is the classification of business activities important?
Why is the classification of business activities important?
- To simplify decision-making processes (correct)
- To confuse stakeholders
- To discourage innovation
- To promote social equality
What is the key difference between industry and commerce?
What is the key difference between industry and commerce?
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What distinguishes modern businesses from traditional ones?
What distinguishes modern businesses from traditional ones?
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What distinguishes a profession from a business?
What distinguishes a profession from a business?
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