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Questions and Answers
What is the primary goal of business activities?
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?
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?
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?
What is the outcome of a systematic arrangement of various elements in business?
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What is the underlying plan that guides business activities?
What is the underlying plan that guides business activities?
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