Tsunami Hits South East Asia

The video provides an overview of business concepts, introducing key ideas and themes related to the field of business.

What is the primary focus of a business?

• To explore space

• To provide entertainment

• To generate profit

• To create art

Which of the following is a type of business?

• Democracy

• Socialism

• Monarchy

• Sole proprietorship

What is a characteristic of a corporation?

• No legal identity

• Unlimited liability

• Limited liability

• Owned by one person

Why is business important to the economy?

• It limits trade

• It decreases employment

• It contributes to economic growth

• It reduces innovation

How does business benefit society?

• By increasing taxes

• By limiting choices

• By providing goods and services

• By reducing competition