Organization of agrobusiness VFST 20-11a

Quiz
•
Business
•
University
•
Hard
Kausar Hasan
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What is the main purpose of business as an economic activity?
To provide free services to the community
To earn profits by satisfying human wants
To produce goods without any financial gain
To eliminate competition in the market
2.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
Types of economic activity:
Savings, Investment, Consumption
Production, Consumption, Distribution
Business, profession, employment
Capital, Labor, Land
3.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
If a cooker cooks for her children, then this is ________
Non-economic activities
Economic activities
Business activities
Profit motive
4.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What is the primary focus of the Lean Startup method?
Creating a perfect product before launch
Producing a minimally viable product (MVP) and gathering customer feedback
Expanding rapidly into multiple markets
Developing a detailed business plan before starting
5.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What is the role of a business model in distinguishing a product or service?
It helps reduce production costs.
It focuses solely on maximizing profits.
It eliminates competition in the market.
It provides a unique value proposition (UVP).
6.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What is the primary function of money as a medium of exchange?
To measure the value of goods and services
To store economic value for future use
To serve as a widely accepted method of payment
To provide loans for future purchases
7.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What does the "store of value" function mean?
It lets you pay for things later
It makes money easy to carry
It helps track prices of items
It allows you to save money for future use
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