Accounting Week 5 P1 Explore The Environment of Business

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What is one measure of success in a business operation according to the passage?

• The amount of profit it earns

• The number of employees it has

• The size of its building

• The variety of products it offers

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In a free enterprise system, individuals are free to use their money in several ways. Which of the following is NOT mentioned in the passage?

• Donate it

• Invest it

• Lend it

• Save it

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What must a business do to survive, as mentioned in the passage?

• Operate at a profit and attract a risk-taker

• Expand globally and increase its workforce

• Offer discounts and promotions

• Diversify its product line

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Which of the following is NOT listed as a type of business in the passage?

• Service business

• Retail business

• Manufacturing business

• Merchandising business

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The continued operation and success of a business requires ___.

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In a business, who provides the money to help businesses get started?

• Investors

• Managers

• Employees

• Customers

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