Which of the following statements best describes a business?

Introduction to Business

Quiz
•
Business
•
University
•
Hard
Ahmed Wisam
Used 17+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
An entity that donates money to a charitable organisation.
An organisation that strives to make a profit by selling goods/services.
An organisation that works to enhance social welfare.
An institution that may or may not strive to maximize profit.
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is NOT a component of management?
Organizing
Directing
Controlling
Experiencing
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is a characteristic of a product?
Separable
Intangible
Offered by an organisation
Inseparable
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is not a characteristic of a service?
Non perishable
Intangible
Manufactured by an organisation
Inseparable
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following formulas is correct?
Revenue = cost + profit
Cost = profit + revenue
Profit = revenue - cost
Profit = revenue - liabilities
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A ______________ organisation is an organisation that exists to achieve a goal other than the usual business goal of making a profit
social
government
business
not-for-profit
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is a factor of production?
Enterprise
Land
Capital
All of the above
Create a free account and access millions of resources
Similar Resources on Wayground
10 questions
Barter, Money and Instruments of Exchange Intro Quiz

Quiz
•
6th Grade - University
20 questions
COMPLIMENTARY QUIZ MGT 2023 ORGANIZATIONAL BEHAVIOUR

Quiz
•
University
20 questions
Levels of Management

Quiz
•
University
20 questions
General knowledge

Quiz
•
University
12 questions
CORPORATION

Quiz
•
University
10 questions
Financial Accounting

Quiz
•
11th Grade - University
17 questions
Business 1.1+1.2

Quiz
•
10th Grade - University
18 questions
1.2 Types of Organizations | 2021 - Business Management

Quiz
•
11th Grade - Professi...
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade