True / False

The office is the center of all business activities and acts as intermediary between the public and the organisation

• TRUE

• FALSE

All of the following are roles of an office except?

• Dissemination of Information

• Collection, processing and preservation of data

• Planning of electronic data

• Organisational management and Legal Control

Production.....

• Production combines land, labour and capital to create services in order to satisfy consumer needs.

• Production combines land, labour and capital to create goods and services in manufacturing companies in order to satisfy consumer needs.

• Production combines land, labour and capital to create goods in order to satisfy consumer needs.

• Production combines land, labour and capital to create goods and services in to satisfy consumer needs.

True / False

Land - Labour and Goods are classified as the inputs of production.

• TRUE

• FALSE

Which of the following shows the process of Distribution and Exchange?

• Producer - Agent - Distributer - Wholesale - Retail - Consumer

• Producer - Wholesale - Distributer - Retail - Consumer - Agent

• Producer - Consumer - Distributer - Retail - Wholesale - Agent

• Producer - Consumer - Wholesaler - Retail - Distributer - Agent

What is the main medium of exchange in the process of selling and buying?

How would you classify the following?

"there are 6 dogs on the stoop."

• Nonsense

• context clues

• data

• information

In what two ways are data stored?

• Zip disks and emails

• Manually and files

• Electronically and clouds

• Manually and electronically

True / False

Business must disclose information on profits and losses.

• TRUE

• FALSE

True / False

Distribution deals only with transporting of the finished goods.

• TRUE

• FALSE