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?
What is the mechanism that enables trade to occur?
What is the mechanism that enables trade to occur?
What is the main goal of a business organization?
What is the main goal of a business organization?
Who are the individuals that combine inputs to produce goods or services?
Who are the individuals that combine inputs to produce goods or services?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
What is the primary objective of management in an organization?
What is the primary objective of management in an organization?
Signup and view all the answers
According to F.W.Taylor, what is management?
According to F.W.Taylor, what is management?
Signup and view all the answers
What is the role of a manager in an organized group?
What is the role of a manager in an organized group?
Signup and view all the answers
What is the relationship between management and resources?
What is the relationship between management and resources?
Signup and view all the answers
What is the primary function of management in an organization?
What is the primary function of management in an organization?
Signup and view all the answers
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?
Signup and view all the answers
What is the term for tangible items manufactured by businesses?
What is the term for tangible items manufactured by businesses?
Signup and view all the answers
What is the profit formula in business?
What is the profit formula in business?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
What is the term for the process of creating goods and services?
What is the term for the process of creating goods and services?
Signup and view all the answers