Podcast
Questions and Answers
What is the basic economic activity that involves buying and selling of goods and services between two or more parties?
What is the basic economic activity that involves buying and selling of goods and services between two or more parties?
- Business
- Trade (correct)
- Entrepreneurship
- Commerce
What is the mechanism that enables trade to occur?
What is the mechanism that enables trade to occur?
- Market (correct)
- Business
- Entrepreneurship
- Commerce
What is the main goal of a business organization?
What is the main goal of a business organization?
- To make a profit
- To provide goods and services to customers (correct)
- To enable commerce
- To promote entrepreneurship
Who are the individuals that combine inputs to produce goods or services?
Who are the individuals that combine inputs to produce goods or services?
What is the subset of business that focuses on the sale of finished or unfinished products?
What is the subset of business that focuses on the sale of finished or unfinished products?
What is the term for the exchange of goods or services among two or more parties?
What is the term for the exchange of goods or services among two or more parties?
What is the primary objective of management in an organization?
What is the primary objective of management in an organization?
According to F.W.Taylor, what is management?
According to F.W.Taylor, what is management?
What is the role of a manager in an organized group?
What is the role of a manager in an organized group?
What is the relationship between management and resources?
What is the relationship between management and resources?
What is the primary function of management in an organization?
What is the primary function of management in an organization?
How can a mother's managerial role in managing the home be an example of management?
How can a mother's managerial role in managing the home be an example of management?
What is the term for tangible items manufactured by businesses?
What is the term for tangible items manufactured by businesses?
What is the profit formula in business?
What is the profit formula in business?
What is the term for the action of buying and selling goods and services?
What is the term for the action of buying and selling goods and services?
What is the term for the money a company receives from selling goods and services?
What is the term for the money a company receives from selling goods and services?
What is the term for the process of creating goods and services?
What is the term for the process of creating goods and services?
