DBBS Unit 1 - THE CHANGING FACE OF BUSINESS

Business can be said to be an _____ activity which is related with continuous and regular production and distribution of goods and services for satisfying human wants

• Economic

• Social

• Profit

• Fun

_____ involves planning, organizing, staffing, directing, and controlling resources to achieve organizational goals.

• Accounting

• Finance

• Management

• Operations

(a)   objectives include profit, production and use of wealth of a business.

Resources are the inputs used to produce _____.

• products

• outputs

• services

• outputters

Which of the following is NOT an example of resources?

• Land

• Labour

• Entrepreneurship

• Consumer

What type of market competition only has a single seller?

• Perfect competition

• Monopolistic competition

• Oligopoly competition

• Monopoly

The smartphones of Samsung and Apple are an example of _____ .

• Oligopoly competition

• Monopoly

• Perfect competition

• Monopolistic competition

Companies sell similar, but not identical, products by making them look unique or appealing is true for which type of competition?

• Monopolistic competition

• Perfect competition

• Monopoly

• Oligopoly competition

Raya bazaar vendors that sell martabak and nasi lemak can be categorized into _____ competition.

• Monopoly

• Perfect

• Oligopoly

• Monopolistic

What is an example of a monopoly business in Malaysia?

• Bataras

• Upperstar

• H&M

• SESB