BUS205 Tma Solutions

BUS205

Question: Which ONE of the following is NOT an objective of a business.
Answer: Satisfaction

Question: are always refered to as kings in business.
Answer: Customers

Question: consists of a number of firms.
Answer: Industry

Question: are necessities of life that you cannot do without them; they\ninclude food, shelter and clothing.
Answer: Needs

Question: refers to the sale, transfer or exchange of goods and\nservices and constitute the central activity armed with the auxiliary\nfunction.
Answer: Trade

Question: are things you wish you could have for instance you wish\nto have a jeep car, a job in NNPC, to be a governor.
Answer: Wants

Question: Which ONE of the following is NOT an activity that is been performed by a business.
Answer: Confisticating

Question: Which ONE of the following is NOT a characteristics of a business.
Answer: Credit facilities

Question: Who amaong the following benefits from a business?
Answer: All of the above

Question: is an economic unit, entity or organization.
Answer:Business firm

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