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MBA HBS Business Fundamentals 2024 Exam Review Questions and Answers 100% Pass
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MBA HBS Business Fundamentals 2024Exam Review Questions and Answers
100% Pass
David Mungai [Date] [Course title]
, MBA HBS Business Fundamentals 2024
Exam Review Questions and Answers
100% Pass
The four different types of businesses are - Answer>> Local,
regional, national, and multinational
Revenue - Answer>> is the term for the money a business
brings in
Expense - Answer>> is the term for the money a business pays
out
Profit - Answer>> is the term for the money a business has left
after paying all expenses
The goal is for a business to operate so that it always makes a -
Answer>> Profit
Nonprofit organizations - Answer>> do not go into business
with the goal of making a profit.
An example of a nonprofit organization is - Answer>> American
Red Cross
Which of the following are the factors of production? -
Answer>> Labor, natural resources, capital, and
entrepreneurship
Goods are tangible products a business sells like - Answer>>
Clothes
When expenses are higher than the revenue the business brings
in, the business experiences a - Answer>> Loss
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