Business activity .
Quiz by natalia quiroga
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9 questions
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- Q1What is the purpose of business activity?To create a marketing campaignTo create a monopolyTo save moneyTo meet the wants and needs of consumers30s
- Q2Which of the following is an example of a good?InssurranceHairdressingLaptopcar repair30s
- Q3Which of the following is not considered a need?WaterClothingCandy barShelter30s
- Q4Which of the following is not considered a want?CellphoneNetflixFoodPlay Station 530s
- Q5The Economic Problem of Scarcity is the reason why CHOICES and DECISIONS must be made.TrueFalse30s
- Q6Then next best alternative given up by choosing another item is called...economic problemfactors of productionscarcityopportunity cost30s
- Q7Division of labour is a form of specialisation. True or false?TrueFalse30s
- Q8Which one is NOT a purpose of business activity :To create factors pf productionTo produce goods and servicesTo employ peopleTo combine scarce factors of production.30s
- Q9If Value is not added to materials and components that a business buys in, then other costs cannot be paid for and no profit will be made. True or False?FalseTrue30s