d) To create confusion among employees and stakeholders 45. Which objective of business formation emphasizes the importance of ethical and responsible behavior in all business activities? a) Profit maximization b) Cost minimization c) Social responsibility d) Competitive advantage 46. In which industry do businesses primarily extract and process raw materials from the earth, such as minerals, oil, and natural gas? a) Manufacturing industry b) Service industry c) Primary industry d) Technology industry 47. Which industry involves the production of tangible goods, often through assembly or manufacturing processes? a) Agriculture industry b) Service industry c) Secondary industry d) Information technology industry 48. What type of industry focuses on providing intangible services rather than physical products? a) Retail industry b) Primary industry c) Service industry d) Transportation industry 49. Which industry is primarily concerned with the buying, selling, and distribution of consumer goods to end-users? a) Wholesale industry b) Retail industry c) Manufacturing industry d) Energy industry 50. What term is commonly used to describe the industries involved in the creation, development, and distribution of information and technology-related products and services? a) Primary industries b) Secondary industries c) Tertiary industries d) Quaternary industries 51. What is the primary focus of the planning function in management? a) Implementing organizational strategies b) Controlling day-to-day operations c) Setting organizational goals and objectives d) Motivating employees 52. Which management function involves organizing resources and tasks to achieve the established goals? a) Planning b) Leading c) Controlling D.Oranning

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d) To create confusion among employees and stakeholders 45. Which objective of business formation emphasizes the importance of ethical and responsible behavior in all business activities? a) Profit maximization b) Cost minimization c) Social responsibility d) Competitive advantage 46. In which industry do businesses primarily extract and process raw materials from the earth, such as minerals, oil, and natural gas? a) Manufacturing industry b) Service industry c) Primary industry d) Technology industry 47. Which industry involves the production of tangible goods, often through assembly or manufacturing processes? a) Agriculture industry b) Service industry c) Secondary industry d) Information technology industry 48. What type of industry focuses on providing intangible services rather than physical products? a) Retail industry b) Primary industry c) Service industry d) Transportation industry 49. Which industry is primarily concerned with the buying, selling, and distribution of consumer goods to end-users? a) Wholesale industry b) Retail industry c) Manufacturing industry d) Energy industry 50. What term is commonly used to describe the industries involved in the creation, development, and distribution of information and technology-related products and services? a) Primary industries b) Secondary industries c) Tertiary industries d) Quaternary industries 51. What is the primary focus of the planning function in management? a) Implementing organizational strategies b) Controlling day-to-day operations c) Setting organizational goals and objectives d) Motivating employees 52. Which management function involves organizing resources and tasks to achieve the established goals? a) Planning b) Leading c) Controlling D.Oranning

Answer 1

45. The correct answer is c) Social responsibility. Social responsibility emphasizes the importance of ethical and responsible behavior in all business activities, ensuring that businesses operate in a manner that benefits society and the environment. 46. The correct answer is c) Primary industry. Businesses in the primary industry primarily extract and process raw materials from the earth, such as minerals, oil, and natural gas. 47. The correct answer is c) Secondary industry. The secondary industry involves the production of tangible goods, often through assembly or manufacturing processes. 48. The correct answer is c) Service industry. The service industry focuses on providing intangible services rather than physical products. 49. The correct answer is b) Retail industry. The retail industry is primarily concerned with the buying, selling, and distribution of consumer goods to end-users. 50. The correct answer is d) Quaternary industries. Quaternary industries involve the creation, development, and distribution of information and technology-related products and services. 51. The correct answer is c) Setting organizational goals and objectives. The primary focus of the planning function in management is to set organizational goals and objectives. 52. The correct answer is d) Organizing. The management function that involves organizing resources and tasks to achieve the established goals is organizing.

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