BUSINESS DYNAMICS PRACTICE SOLUTION
SET 2026 COMPLETE QUESTIONS AND
ANSWERS GUARANTEED TO PASS
●● goods.
Answer: tangible products
●● services.
Answer: intangible products
●● entrepreneur.
Answer: is a person who risks tome and money to start and manage a
business
●● Revenue.
Answer: total amount of money a business takes in during a given period
by selling goods and services
●● Profit.
Answer: the amount of money a business earns above and beyond what
it spends for salaries and other expenses needed to run the operation
, ●● loss.
Answer: occurs when a business's expenses are more than its revenues
●● risk.
Answer: is the chance an entrepreneur takes of losing tome and money
on a business that may not prove profitable
●● standard of living.
Answer: refers to the amount of goods and services people can buy with
the money they have
●● Quality of life.
Answer: refers to the general well-being of a society in terms of its
political freedom, natural environment, education, health care, safety,
amount of leisure, and rewards that add to the satisfaction and joy that
other goods and services provide
●● stakeholders.
Answer: are the people who stand to gain or lose by the policies and
activities of a business and whose concerns the business needs to address
●● outsourcing.
Answer: contracting with other companies to do some or all the
functions of a firm, like its production or accounting tasks
SET 2026 COMPLETE QUESTIONS AND
ANSWERS GUARANTEED TO PASS
●● goods.
Answer: tangible products
●● services.
Answer: intangible products
●● entrepreneur.
Answer: is a person who risks tome and money to start and manage a
business
●● Revenue.
Answer: total amount of money a business takes in during a given period
by selling goods and services
●● Profit.
Answer: the amount of money a business earns above and beyond what
it spends for salaries and other expenses needed to run the operation
, ●● loss.
Answer: occurs when a business's expenses are more than its revenues
●● risk.
Answer: is the chance an entrepreneur takes of losing tome and money
on a business that may not prove profitable
●● standard of living.
Answer: refers to the amount of goods and services people can buy with
the money they have
●● Quality of life.
Answer: refers to the general well-being of a society in terms of its
political freedom, natural environment, education, health care, safety,
amount of leisure, and rewards that add to the satisfaction and joy that
other goods and services provide
●● stakeholders.
Answer: are the people who stand to gain or lose by the policies and
activities of a business and whose concerns the business needs to address
●● outsourcing.
Answer: contracting with other companies to do some or all the
functions of a firm, like its production or accounting tasks
