The Ultimate Business World Quiz
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Questions and Answers

What is the objective of a business?

  • To be a non-profit organization with a charity aim
  • To engage in commercial, industrial, or professional activity
  • To be a for-profit corporation
  • To organize economic production (correct)
  • What types of organizations can businesses be?

  • Sole proprietorships only
  • For-profit corporations only
  • Both for-profit corporations and non-profit organizations with a charity aim (correct)
  • Non-profit organizations with a charity aim only
  • How do businesses vary in size and scope?

  • They vary in scope but not in size
  • They are all the same size and scope
  • They vary in both size and scope (correct)
  • They vary in size but not in scope
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