Introduction to Economic Activities Quiz
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Questions and Answers

What is the term for a regular activity concerned with production and distribution of goods and services for profits?

  • Barter
  • Business (correct)
  • Donation
  • Service

Which term describes human activities that are conducted for earning money?

  • Occupation (correct)
  • Hobby
  • Charity
  • Leisure

What is the term for buying and selling of goods against money or money's worth?

  • Trade (correct)
  • Barter
  • Socialization
  • Donation

Which term describes activities that remove all the difficulties in trade?

<p>Facilitation (B)</p> Signup and view all the answers

What type of industries create immovable wealth?

<p>Extractive Industries (A)</p> Signup and view all the answers

Which business activity is concerned with the production of goods and services?

<p>Manufacturing (A)</p> Signup and view all the answers

Which business activity is concerned with the distribution of goods and services?

<p>Sales (A)</p> Signup and view all the answers

Which activity provides mobility to men and material?

<p>Transportation (A)</p> Signup and view all the answers

What aid to trade creates time utility?

<p>Warehousing (A)</p> Signup and view all the answers

What occupation involves providing expert services for a fee?

<p>Consulting (A)</p> Signup and view all the answers

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