do not need any explanation.. Just ans

09. Using the least possible amount of resources to get work done. This best describes - 0 (a) Efficiency (b) Effectiveness 0 (c) Experiences O Ole) Capacity 10. The automobile industry is rapidly globalizing, with six companies producing more than 65% of the total world sales of automobiles of nearly 60 million units. From the more than 40 independent producers during the 1980s. only about 10 or so relatively large automakers remain today (Source: Wall Street Journal, 2021). How would you identify the nature of competition in the automobile industry today? (a) Perfect competition (b) Monopolistic Competition O () Oligopoly 0 (d) Monopoly 11. Mr Asif started a small business of making cricket bats. The rent of his workshop is BDT 80.000. The price of each batis BDT 500. His variable cost for producing each bat is BDT 100. What is his break-even point (BEP) in terms of unit? O (a) 150 Ob) 200 (c) 300 ( (d) 50 12 Planning is a continuous and never-ending process. Are you agree with this statement? (a) Agree (b) Disagree ( 13. A _is an overall explanation of why an organization exists and where it is trying to head. O (a) Tactical plan (b) Prime directive (c) Corporate charter O ( (d) Vision 14. A good business plan describes the nature of the proposed business, the A , target market, the competitive advantages, and the qualifications of the owners. (a) True 0 6 (b) False 15. Which of the following is a characteristic of successful entrepreneurs? ? O (a) Power-seeking O (b) Relies heavily on others who believe in the business 0 (c) Willingness and desire to follow others O (d) Action-oriented