Business

Define utility

• is the production of goods and services

• is the ability of one to satisfy his wants

• is the ability of goods and services to satisfy human wants

State two types of utility

What is business?

• is the study of how business is done

• is the selling of goods and services

• is the selling of goods and services with the aim of making a profit

Choose the odd one out in the following

• Land

• rent

• interest

• salary and wages

State the factors of production

Choose the odd one out in the following

• Land

• rent

• interest

• salary and wages

What is the reward of land as a factor of production?

Choose the odd one out in the following

• Land

• rent

• interest

• salary and wages

Which of the following is a trend in office management?

• Building of the offices

• employing workers

• Use of computers

• wearing suits while going to work

Mention one type of office layout.