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Business Fundamentals Quiz

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Questions and Answers

Which of the following best defines a business?

Any economic activity that fulfils human wants only

Any economic activity that fulfils human needs only

Any economic activity that fulfils human needs and wants without a profit motive

Any economic activity that fulfils human needs and wants with a profit motive (correct)

Which of the following is an example of a need?

Car

Rice

Television

Education (correct)

What is the difference between a need and a want?

Needs and wants are the same thing

Needs and wants are both optional

Needs are necessary for survival, wants are not (correct)

Needs are optional, wants are necessary for survival

Business Fundamentals Quiz

Choose a study mode

Podcast

Questions and Answers

Which of the following best defines a business?

Which of the following is an example of a need?

What is the difference between a need and a want?

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Business Fundamentals Quiz

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