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Questions and Answers
What is an organisation?
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?
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?
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?
What is the main purpose of business objectives?
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What does the term 'enterprise' refer to in the context of business?
What does the term 'enterprise' refer to in the context of business?
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