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</p> Signup and view all the answers

    What type of industries create immovable wealth?

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

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

    <p>Manufacturing</p> Signup and view all the answers

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

    <p>Sales</p> Signup and view all the answers

    Which activity provides mobility to men and material?

    <p>Transportation</p> Signup and view all the answers

    What aid to trade creates time utility?

    <p>Warehousing</p> Signup and view all the answers

    What occupation involves providing expert services for a fee?

    <p>Consulting</p> Signup and view all the answers

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