Business Basics

Open Ended

Why do you think understanding the basics of business is important in today's world?

Multiple Choice

What is the main purpose of a business?

• To provide goods and services that people need or want

• To create value in the economy and for society

• To make a profit after paying off expenses

• All of the above

Multiple Choice

Which of the following is an example of a direct impact that businesses have on individuals?

• Providing entertainment through streaming services like Netflix

• Influencing government policies

• Paying taxes for public services

• Supporting a cause without making a profit

Open Ended

Describe how a business in your community might have both a direct and indirect impact on your daily life.

Open Ended

Explain the difference between for-profit and non-profit businesses, and provide an example of each.

Multiple Choice

What is one potential global impact of businesses operating internationally?

• They can influence economies, cultures, and environmental policies

• They only affect their local communities

• They only create jobs in their home country

• They do not pay taxes

Multiple Select

Which of the following are ways businesses impact the economy?

• Job creation

• Government revenue through taxes

• Supporting a cause without profit

• Importing and exporting goods

Multiple Choice

Which of the following best describes Corporate Social Responsibility (CSR)?

• A business strategy focused solely on maximizing profits

• An ethical duty for businesses to act in ways that benefit society and the environment

• A government regulation for all companies

• A marketing technique to attract more customers

Open Ended

How would you summarize what you learned about the basic concepts of business, including goods and services?