What is the definition of business according to the text?

Business & Its Environment Quiz

Quiz
•
Business
•
University
•
Easy
NOORHAFIZA ZAINAL ABIDIN
Used 1+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The effort of individuals to produce and sell goods and services for a profit
The effort of individuals to produce and sell goods and services for personal use
The effort of individuals to produce and sell goods and services for a loss
The effort of individuals to produce and sell goods and services for charity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which functional area in business involves planning, organizing, leading, and controlling a company's resources?
Accounting
Marketing
Finance
Management
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main difference between Domestic and International Business according to the text?
Domestic business focuses on global markets while International business focuses on local markets
Domestic business has more cultural considerations than International business
Domestic business involves transactions within a single country while International business involves transactions between multiple countries
Domestic business has simpler logistics than International business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of international business involves buying products overseas and reselling them in one's own country?
Importing
Franchising
Licensing
Contract Manufacturing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In Islamic perspective, what does workplace ethics emphasize?
Maximizing profits at any cost
Adherence to values and seeking blessings
Exploiting employees for personal gain
Ignoring societal responsibilities
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the key principle of Islamic leadership that focuses on trustworthiness and responsibility?
Truthfulness
Clear Intention
Consciousness of self-improvement
Sincerity and keeping promises
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of international business involves the formal establishment of business operations on foreign soil?
Franchising
Contract Manufacturing
Foreign Direct Investment
Licensing
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