........is the primary goals of business.
Tutorial 1 - ABDM1183

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Business
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University
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MASNI DONG
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12 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
service
profit
innovation
strategy
quality
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Businesses differ from nonprofit organizations in that a business's focus is on
profit
goods
price
charity
fund-raising
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is an example of an intangible product?
a movie DVD
a kitten
perfume
music concert
jewelry
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Amit hired an attorney to help him draft a purchase and sale agreement for his new home. The home is an example of a product that is a(n)
idea
service
tangible item
process
intangible good
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which statement is true about businesses and profits?
Profit making is a business activity that seldom requires risk taking.
Businesses do not have the right to use their profits the way they choose.
Profit-making businesses often weaken the economy of a country.
Earning profits contributes to society by creating resources that support social institutions and government.
Ignoring the interests of stakeholders is the best way for a business to be profitable.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is NOT an accurate statement regarding nonprofit organizations?
They may provide goods and services.
They engage in fund-raising.
They have the fundamental goal of earning profits.
They utilize skills related to management, marketing, and finance.
They include charities and social causes.
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
All the groups that have an interest in an organization's success and outcomes are known as the organization's _________.
agencies
stakeholder
owners
investors
shareholders
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