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Questions and Answers
Which of the following best describes an entrepreneur?
Which of the following best describes an entrepreneur?
- Someone who provides goods and services
- Someone who wants to gain profit
- Someone who invests money in a business
- Someone who takes risks to start and manage a business (correct)
What is the difference between goods and services?
What is the difference between goods and services?
- Goods and services are both intangible
- Goods are intangible products, while services are tangible
- Goods and services are both tangible
- Goods are tangible products, while services are intangible (correct)
What is the difference between standard of living and quality of life?
What is the difference between standard of living and quality of life?
- Standard of living and quality of life both refer to the amount of goods and services people can buy with their money
- Standard of living refers to the amount of goods and services people can buy with their money, while quality of life refers to the general well-being of society in terms of goods and services it can provide (correct)
- Standard of living refers to the general well-being of society in terms of goods and services it can provide, while quality of life refers to the amount of goods and services people can buy with their money
- Standard of living and quality of life both refer to the general well-being of society in terms of goods and services it can provide
Who are the primary stakeholders of a business?
Who are the primary stakeholders of a business?
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Which of the following best describes the relationship between risk and profit?
Which of the following best describes the relationship between risk and profit?
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Which of the following is NOT a primary stakeholder of a business?
Which of the following is NOT a primary stakeholder of a business?
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What does the study of demography involve?
What does the study of demography involve?
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What is offshoring?
What is offshoring?
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