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Questions and Answers
What is the primary aim of a business?
What is the primary aim of a business?
- To earn profit (correct)
- To manufacture products
- To distribute economic resources
- To provide services to customers
Which type of business organization 'turns basic inputs into products which are sold to consumers'?
Which type of business organization 'turns basic inputs into products which are sold to consumers'?
- Manufacturing Business (correct)
- Merchandising Business
- Sole Proprietorship
- Service Business
What does 'fairness' mean in the business context?
What does 'fairness' mean in the business context?
- Exempting from bias or prejudice
- Giving to a person what is due to him/her
- Balancing the interests involved in all decision making
- Both a and b (correct)
Which type of business organization is 'owned by a single person'?
Which type of business organization is 'owned by a single person'?
What is the definition of 'profit' according to the text?
What is the definition of 'profit' according to the text?
Which type of business organization 'sell to customers products they buy from other business'?
Which type of business organization 'sell to customers products they buy from other business'?
What is the key concept that Socrates is known for?
What is the key concept that Socrates is known for?
According to Plato, what is the highest aim of moral thought and conduct?
According to Plato, what is the highest aim of moral thought and conduct?
What is the key philosophical idea associated with Aristotle?
What is the key philosophical idea associated with Aristotle?
What is the main purpose of the Socratic Method?
What is the main purpose of the Socratic Method?
What is the key concept associated with the term 'eudaimonia' in Aristotle's ethics?
What is the key concept associated with the term 'eudaimonia' in Aristotle's ethics?
What is the primary role of a leader according to Aristotle?
What is the primary role of a leader according to Aristotle?
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