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1What is the primary goal of a business?

A Maximize profits B Minimize costs C Provide quality products D Increase market share

2Which of the following is not a factor of production?

A Land B Money C Labor D Entrepreneurship

3What is the role of the office in a business?

A Handle production processes B Manage financial resources C Facilitate communication and administrative tasks D Conduct market research

4Which of the following is a basic human want?

A Food B Luxury car C Designer clothes D Gaming console

5How does business environment affect a business?

A It has no impact B Can influence decision-making C Only affects small businesses D Only affects large corporations

6What is the process of combining resources to produce goods and services called?

A Marketing B Distribution C Production D Promotion

7Which of the following is an example of a service business?

A Supermarket B Construction company C Bank D Furniture factory

8What is the primary aim of satisfying human wants in business?

A Increase production costs B Create job opportunities C Maximize customer satisfaction D Minimize profit margins

9What is the importance of entrepreneurship in business?

A Reduce competition B Increase unemployment C Drive innovation and economic growth D Limit market opportunities

10Which department is responsible for managing employee salaries and benefits?

A Marketing B Human Resources C Finance D Production