Which one of the following best explains business activity?
Enterprise

Quiz
•
Business
•
11th Grade
•
Medium
Maya Kharishma
Used 39+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Using resources to make goods and services that workers need
Using factors of production to supply resources for customers
Using resources to make products that meet customers needs
Making factors of production to satisfy customer requirements
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a factor of production?
Labor
Customer
Capital
Land
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business could 'add value' by :
making higher profits
employing more workers
using more expensive materials and keeping the selling price low
using materials more efficiently
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following is a common problem faced by most entrepreneurs?
Too many different sources of finance to choose from
A large number of costumer to serve from the day the business is set up
Premises that are too near the city center
Inadequate finance to buy capital equipment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a common problem faced by most entrepreneurs?
Committed
Unskilled
Shy
Cautious
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which ONE of the following business activities would you MOST expect a NEW entrepreneur to be successful in today's business world?
Aircraft manufacturing
Banking
Taxi services
Oil exploration
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When transformation of inputs to outputs takes places to produce goods and services is called.....
opportunity cost
added value
creating value
daily cost
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