Business Fundamentals
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Questions and Answers

What is the primary goal of business activities?

  • To create wealth through the satisfaction of human wants (correct)
  • To create a social process
  • To employ human beings
  • To establish a systematic arrangement of various elements
  • What is the characteristic of business that makes it a social process?

  • It is an economic activity
  • It is run by owners and employees with the help of professionals and customers (correct)
  • It is a systematic arrangement of various elements
  • It is a human activity
  • What is the role of humans in business activities?

  • To participate in the economic activity (correct)
  • To create a systematic arrangement of various elements
  • To be employed by businesses
  • To own and run businesses
  • What is the outcome of a systematic arrangement of various elements in business?

    <p>The attainment of a particular objective</p> Signup and view all the answers

    What is the underlying plan that guides business activities?

    <p>A well-established plan</p> Signup and view all the answers

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