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WorksheetsExam No. 1 Theory of the business
Total questions: 20
Worksheet time: 10mins
How to define Business?
Define Resources...
Describe the difference between public wants and private wants.
List the steps in the decision-making process.
Explain what you mean by Satisfying Wants and Needs
Wants and needs determine...
What products and services business provide.
What products and services business no provide.
What products and services do governments provide
None of the above
Wants are...
Things you must have to survive and you would like to have.
Tings that you do not have to have to survive, but would like to have.
Things you shouldn't have to survive and you wouldn't like to have.
None of the above
Needs are...
Things that you must have in order to survive.
Things you must not have to survive.
Things you must not have to survive. But you would like to have.
None of the above
Public wants are...
Wants that are not little shared by many people.
Wants that are not widely shared by many people.
Wants that are widely shared by many people.
None of the above
Services are...
Tasks that business perform for remployees.
Tasks that business perform for friends.
Tasks that business perform for customers.
None of the above
The basic needs of people include...
Food, play, shelter and clothing
Food, water, shelter and clothing
Food, water, friends and clothes.
None of the above
Public wants examples include:
Highways
Public stories
Park and movie
All of the above
H&R Block and Jackson Hewitt are business that...
Offer income preparation services.
Offer tx preparation services.
Offer expenses preparation services.
All of the above
Resources limit the number of...
Needs people can satisfy.
Wants people can satisfy.
Needs and Wants people can satisfy.
None of the above
Businesses and governments are influenced by...
The same business.
The same satisfaction.
The same problem.
All of the above.
The decision-making process has as a first step to:
(a)
The decision-making process has as a second step:
(a)
The decision-making process has as a third step:
(a)
The fourth step in the decision-making process is:
(a)
The fifth step in the decision-making process is:
(a)
