🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

Business Start-ups and Entrepreneurship Quiz
5 Questions
1 Views

Business Start-ups and Entrepreneurship Quiz

Created by
@NeatRationality

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is an organisation?

  • A location for providing social responsibility
  • A group of people working together to achieve a common goal (correct)
  • A system for maximizing profit
  • A place where goods and services are produced
  • What are goods and services?

  • Goods and services are only relevant to the public sector
  • Goods are tangible items and services are tasks done for us (correct)
  • Goods are services and services are goods
  • Goods are intangible items and services are tangible items
  • What are the factors of production required to achieve business objectives?

  • Land, technology, capital, and enterprise
  • Land, labor, capital, and enterprise (correct)
  • Land, labor, technology, and entrepreneurship
  • Labor, technology, capital, and enterprise
  • What is the main purpose of business objectives?

    <p>To achieve profit maximization, survival, growth, and social responsibility</p> Signup and view all the answers

    What does the term 'enterprise' refer to in the context of business?

    <p>The entity that combines the factors of production to produce goods and services</p> Signup and view all the answers

    More Quizzes Like This

    Business Start-Ups and Entrepreneurship
    25 questions
    Entrepreneurship Basics Quiz
    40 questions
    Business Start Up true or false
    10 questions
    Use Quizgecko on...
    Browser
    Browser