Hello can you please help me in this subject I'm really having a hard time answeringthis. I hope your answers are correct. you cal also put your reference from which you get your answers so I can also review and check. you can also explain why you chose that answer so I can review. Hope you can help me tutors. badly need some brains hahaha

Choose the letter of the correct answer.

• It is an entity that aims to earn a profit by providing products to satisfy the needs of the market.

a. Business organization

b. social organization

c. professional organization

d. government organization

• It is the amount of money a business takes after the expenses needed to operate the business have been deducted from the revenue.

a. Revenue

b. Profit

c.Expense

d.Capital

• It is the total amount of money a business earns during a given period of time by offering products to the market.

a. revenue

b. profit

c. expense

d. capital

• The following are the activities of non-profit organization except:

a. assist victims of violence

b. promote the organization through CSR

c. promote animal welfare

d. give assistance to the victim of calamities

• Sole proprietorship is the simplest form of business organization and is easiest to register through

a. security and exchange commission.

b. department of trade and industry

c. department of public works and highway

d. department of health

• It is a kind of partnership where the partners have unlimited liability for the debts and obligations of the business.

a. partnership

b.linked partnership

c. general partnership

d. corporation

• The following are statements related to economic except:

a. allocation of budget

b. Determine and answer the consumers demand

c. established appropriate organizational structure

d. analysis of external and internal resources

• Which from the following describes the word economic system?

a. provides qualification to hire good employees

b. distribute resources to produce goods and services

c. distribute net income to the community

d. allotment of expenses

• This states that consumers can freely choose to pay for goods and services that they want. Business can efficiently produce, distribute, and market their products.

a. economic system

b. free-enterprise system

c. freedom of choice

d.capitalism