Tutorial 1 - ABDM1183

Tutorial 1 - ABDM1183

University

12 Qs

quiz-placeholder

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Tutorial 1 - ABDM1183

Tutorial 1 - ABDM1183

Assessment

Quiz

Business

University

Medium

Created by

MASNI DONG

Used 12+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

........is the primary goals of business.

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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