Questions and Answers
What is the primary purpose of a for-profit business entity?
To provide goods or services in exchange for profits
Which of the following is not considered a characteristic of a business?
Regularity of purchases and sales
What is the primary role of a businessman (entrepreneur) in establishing a business?
To visualize and take the initiative for the business
Which of the following is not a characteristic of a business?
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Which of the following is not a requirement for a business to be considered a regular business activity?
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What is the main tool for earning more profit according to the text?
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Which factor is highlighted as necessary for business as per the text?
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What is a key benefit of organization in business according to the text?
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What may lead to a decrease in prices of commodities in the market as mentioned in the text?
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What plays a role in determining the correct form of ownership for a business?
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