Business Activities and Business Organization

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#1. What is the primary goal of business activities?

#2. Which of the following is considered a primary sector business activity?

#3. In the classification of business activities, what does the term "Tertiary sector" refer to?

#4. Which business activity involves the conversion of raw materials into finished goods?

#5. What type of business activity involves buying and selling of goods without any processing?

#6. Which sector is responsible for the transportation and storage of goods?

#7. The banking and finance industry falls under which sector of business activities?

#8. Which business activity involves the extraction of natural resources?

#9. Research and development activities are part of which sector?

#10. In the classification of business activities, what does the term "Quinary sector" refer to?

#11. Which business activity involves the buying and selling of goods on a large scale?

#12. Advertising and marketing are examples of activities in which sector?

#13. What type of business activity involves providing expertise and knowledge-based services?

#14. Which sector includes activities related to education and training?

#15. Real estate and property development are part of which business sector?

#16. Which sector involves the creation and dissemination of information?

#17. What is the role of the secondary sector in business activities?

#18. The tourism and hospitality industry falls under which sector?

#19. Which sector involves the production of goods through manual or machine labor?

#20. Information technology and software development are examples of activities in which sector?

#21. What is the primary objective of a business organization?

#22. Which term refers to the organized efforts of individuals to produce and sell goods and services for profit?

#23. The main economic objective of a business organization is to:

#24. What is the meaning of the term 'business organization'?

#25. Which of the following is not a characteristic of business organizations?

#26. The concept of 'limited liability' in business refers to:

#27. Which characteristic ensures that a business organization can continue its existence even if there is a change in ownership?

#28. Business organizations contribute to economic development through:

#29. The importance of business organization lies in its ability to:

#30. Which of the following is a social objective of a business organization?

#31. The term 'entrepreneurship' refers to:

#32. Business ethics involve:

#33. What is the primary objective of corporate governance?

#34. Which type of business organization has the advantage of limited liability and centralized management?

#35. A memorandum of association is a legal document that:

#36. What does SWOT analysis stand for in the context of business strategy?

#37. Which of the following is not a factor of production in business?

#38. The process of converting raw materials into finished goods is known as:

#39. Which type of business environment includes factors like economic conditions, political stability, and technological advancements?

#40. What is the role of a mission statement in a business organization?

#41. Which financial statement provides a snapshot of a company's financial position at a specific point in time?

#42. The process of identifying and attracting potential customers to a product or service is known as:

#43. What is the purpose of a business plan?

#44. Which of the following is an advantage of a partnership business structure?

#45. In a sole proprietorship, who bears the unlimited liability for the business's debts?

#46. The process of dividing work into tasks and coordinating them to achieve organizational goals is known as:

#47. Which of the following is an example of an intangible asset for a business?

#48. What is the significance of human resource management in business organizations?

#49. Which economic system allows businesses to operate with minimal government interference?

#50. The concept of 'supply and demand' is a fundamental principle in which economic system?

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