Practice Types Of Economic Activities (1.3) - Commercial Activities

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8 questions

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3 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
2 questions · about 1 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is the primary aim of a business?
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Think about the money aspect of business.
Question 2.
Name a common example of a profession.
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Consider jobs that require special training.
3Question 3.
Which economic activity focuses on profit earning?
- Employment
- Business
- Profession
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Think about where profit is the key objective.
4Question 4.
True or False: Employment refers to working for an employer under set conditions.
- True
- False
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Consider what being employed means.
Question 5.
Consider a new business venture. What factors should the entrepreneur consider before starting their business?
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Explore the needs and financial aspects carefully.
Question 6.
How can increasing the number of professions in a country impact its economy?
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Consider the benefits of specialization.

4 more questions in this section. Enroll free to practise them all.