Business and Economics Quiz

The part of business plan which describe profit, income and outcome

• Financial plan

• Execuitive summary

• Marketing plan

• Operational plan

.... a written account that gives an overview of the main points of a business plan

• HRM

• Marketing plan

• Executive summary

• Operational plan

This is one of the key concepts of economics

• Business plan

• Profit

• Scarcity

• Varsity

How many factors of production exist

• 4

• 3

• 2

• 1

The profit from land rent called …

• Interest rate

• Wage

• Profit

• Rental income

Natural resources are divided into two categories by the ability to replenish: …

• New and old

• Renewable

• Eternal and temporary

• Renewable and nonrenewable

The physical and intellectual effort of people engaged in producing goods and services

• Later

• Worker

• Land

• Labour

What are the two ways of looking at Economics?

• Macroeconomics

• Macroeconomics and Mesoeconomics

• Microeconomics

• Macroeconomics and Microeconomics

Opposite approach to positive economics is ..

• Nonmative

• Negative

• Normative

• Formative

Which of the options cannot be considered as enterprises main goals

• Increase in humans' live quality

• Increase in competitiveness of a product

• Increase in output

• Increase in market share