Which of the following statements about businesses is true?

A. Businesses provide goods and services and receive payment in money.
B. Businesses frame rules and regulations to maintain the law and order in a country.
C. Businesses determine the kinds of goods and services that a government will use.
D. Businesses do not interact with other players in the economy.
E. Businesses are seldom affected by economic cycles.


Answer: A

Business

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A) payee B) maker C) bank signatory D) depositor

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This is a manufacturing method in which basic parts and components of a product are kept in stock and assembled to the customer’s requirements.

A. make-to-order B. engineer-to-order C. assemble-to-order D. make-to-stock

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