12 Questions
What is a business?
An economic activity that fulfills human needs and wants
What is the main purpose of a business, as stated in the text?
To meet human needs and wants
Which of the following is NOT mentioned as a characteristic of a business in the text?
Promoting environmental sustainability
What is the definition of a business according to the text?
A business is any economic activity which fulfills human needs and wants by producing goods and services.
What is the main objective of a business?
The main objective of a business is to fulfill human needs and wants by producing goods and services.
Give an example of a business activity.
An example of a business activity is the production of goods and services to fulfill human needs and wants.
Which of the following best describes a business?
A way to fulfill human needs and wants
What is the main purpose of a business, as mentioned in the text?
To fulfill human needs and wants
Which of the following is NOT mentioned as a characteristic of a business in the text?
Providing social services
Which of the following best describes the purpose of obtaining goods and services from the market?
To satisfy human needs and wants
What is the main reason why businesses obtain goods and services from the market?
To meet human needs and wants
What is the relationship between goods and services and human needs and wants?
Goods and services fulfill human needs and wants
Test your knowledge on the fundamentals of business with this quiz! Explore the concept of economic activity, the production of goods and services, and how businesses fulfill human needs and wants. Challenge yourself with questions on key principles and gain a deeper understanding of the world of business.
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