INTRODUCTION TO BUSINESS MANAGEMENT CHAPTER 1 QUESTIONS
AND ASWERS A+ GRADED. Buy Quality Materials!
The primary task of business managemnet is to ...
determine how an enterprise can achieve the highest possible output with the least
possible input.
A business effort to provide the greatest possible need satisfaction with limited
available resources is known as ...
the economic principle.
Which of the following is a disadvantage of socialism :
1.Socialism is an unstable environment.
2.Socialism has clinical fluctuation.
3.Socislism results in a low standard of living.
4. State organisations are unproductive
State organisations are unproductive.
Within the free-market economy, the state or government's interference in the
economic system is limited to ...
minimum.
The government's role is limited to providing legislation to protect businesses and
consumers and making sure no single business or organisation restricts competition.
The__________ function that creates a faverable image of the business and it
promotes goodwill between the business and the external groups that are directly
and indirectly involved in the business.
Public Relations
Which of the following statements are correct:
a) Profit is the driving force behind entrepreneurs and their businesses in a free
market.
b) Individuals can own land, factories and equipment under the command
economy.
c) In socialist economy, the state can stabilise economic fluctuations.
d) Within a free-market economy, the economic environment is unstable.
a, b and d are correct.
Which one of the following statements regarding socialism is true?
1. Farmers, factory owners, industrialists and individuals free to do
what they like with their assets.
2. State owns and controls community resources.
3. State owns and controls principle industries such as health, transportation and
energy.
4. There is minimum state interference in markets.
Option 3 is correct.
In a socialistic system the state does
own and control many of the country's principle industries such as transportation, health
services and energy.
Which one of the following statements is correct ?
1. In socialism, the state owns and controls the most important industries and
AND ASWERS A+ GRADED. Buy Quality Materials!
The primary task of business managemnet is to ...
determine how an enterprise can achieve the highest possible output with the least
possible input.
A business effort to provide the greatest possible need satisfaction with limited
available resources is known as ...
the economic principle.
Which of the following is a disadvantage of socialism :
1.Socialism is an unstable environment.
2.Socialism has clinical fluctuation.
3.Socislism results in a low standard of living.
4. State organisations are unproductive
State organisations are unproductive.
Within the free-market economy, the state or government's interference in the
economic system is limited to ...
minimum.
The government's role is limited to providing legislation to protect businesses and
consumers and making sure no single business or organisation restricts competition.
The__________ function that creates a faverable image of the business and it
promotes goodwill between the business and the external groups that are directly
and indirectly involved in the business.
Public Relations
Which of the following statements are correct:
a) Profit is the driving force behind entrepreneurs and their businesses in a free
market.
b) Individuals can own land, factories and equipment under the command
economy.
c) In socialist economy, the state can stabilise economic fluctuations.
d) Within a free-market economy, the economic environment is unstable.
a, b and d are correct.
Which one of the following statements regarding socialism is true?
1. Farmers, factory owners, industrialists and individuals free to do
what they like with their assets.
2. State owns and controls community resources.
3. State owns and controls principle industries such as health, transportation and
energy.
4. There is minimum state interference in markets.
Option 3 is correct.
In a socialistic system the state does
own and control many of the country's principle industries such as transportation, health
services and energy.
Which one of the following statements is correct ?
1. In socialism, the state owns and controls the most important industries and
