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IB Business Management: 1.1 Test Questions with Correct Answers 2025

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IB Business Management: 1.1 Test Questions with Correct Answers 2025

Institution
BUSINESS MANAGEMENT
Course
BUSINESS MANAGEMENT








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Institution
BUSINESS MANAGEMENT
Course
BUSINESS MANAGEMENT

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Uploaded on
January 1, 2025
Number of pages
4
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • ib business management 11 test questions with co

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IB Business Management: 1.1 Test Questions
with Correct Answers 2025
ConsumerFGoodsF-FCORRECTFANSWERF-
TheFphysicalFandFtangibleFgoodsFsoldFtoFtheFgeneralFpublic.FTheyFincludeFcarsFandFwashingFmachines,Fwhic
hFareFreferredFtoFasFdurableFconsumerFgoods.FNon-
durableFconsumerFgoodsFincludeFfood,FdrinksFandFsweetsFthatFcanFonlyFbeFusedFonce



ConsumerFServicesF-FCORRECTFANSWERF-Non-
tangibleFproductsFthatFareFsoldFtoFtheFgeneralFpublicFandFincludeFhotelFaccommodation,FinsuranceFservice
sFandFtrainFjourneys



CapitalFGoodsF-FCORRECTFANSWERF-
PhysicalFgoodsFthatFareFusedFbyFanFindustryFtoFaidFinFtheFproductionFofFotherFgoodsFandFservices,FsuchFasF
machinesFandFcommercialFvehicles



FactorsFofFProductionF-FCORRECTFANSWERF-ResourcesFneededFbyFbusinessesFtoFproduceFgoodsForFservices



TheF4FFactorsFofFProductionF-FCORRECTFANSWERF-Land,FLabour,FCapitalFandFEnterprise



LandF-FCORRECTFANSWERF-
NaturalFresourcesFthatFcanFbeFfoundFonFtheFplanet.FThisFincludesFrenewableFandFnon-
renewableFnaturalFresourcesFsuchFasFwater,Fwood,FfishFandFphysicalFlandFitself



LaborF-FCORRECTFANSWERF-TheFphysicalFandFmentalFhumanFeffortFusedFinFtheFproductionFprocess



CapitalF-FCORRECTFANSWERF-
TheFfinanceFneededFtoFsetFupFaFbusinessFandFpayFforFitsFcontinuedFoperationsForFexpansion.FAlsoFincludesF
theFman-madeFgoodsFusedFinFtheFproductionFprocessF(capitalFgoods)



EnterpriseF-FCORRECTFANSWERF-
RiskFtakingFindividualsFwhoFcombineFtheFotherFfactorsFofFproductionFintoFaFunitFthatFisFcapableFofFproducin
gFgoodsFandFservices.FItFprovidesFaFmanaging,Fdecision-makingFandFcoordinatingFrole
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