NSSCAS Business Studies (8245) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Business Studies (Syllabus 8245) Exam - NSSCAS Business Studies (8245) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Business Studies (Syllabus 8245) Exam

Question 1

According to NSSCAS Business Studies, what is the fundamental purpose of business activity?

To combine scarce resources to produce goods and services that satisfy needs and wants To guarantee equal incomes for all citizens To eliminate government regulation of markets To prevent any firm from making a profit

Correct Answer:

To combine scarce resources to produce goods and services that satisfy needs and wants

Question 2

Opportunity cost is best defined as:

The total money spent on a project The difference between fixed and variable costs The next best alternative foregone when a choice is made The profit earned on the best product only

Correct Answer:

The next best alternative foregone when a choice is made

Question 3

A Windhoek café owner spends N$50 000 opening a second branch instead of investing that money in a fixed deposit. The interest she could have earned is an example of:

Working capital A social benefit to society only Variable cost of coffee beans Opportunity cost

Correct Answer:

Opportunity cost

Question 4

Which statement best describes the scarcity problem in business?

Consumers never want more than firms can supply Resources are limited while wants are unlimited, so choices must be made Opportunity cost only exists in planned economies There is always enough capital for every project

Correct Answer:

Resources are limited while wants are unlimited, so choices must be made

Question 5

Specialisation at work most likely means:

Workers focus on a limited range of tasks to raise efficiency Every employee performs every job in the firm equally Firms refuse to trade with other businesses Managers ban all training programmes

Correct Answer:

Workers focus on a limited range of tasks to raise efficiency

Question 1

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Prepare with the NSSCAS Business Studies (8245) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Business Studies (Syllabus 8245) Exam practice quiz. This question bank includes 100 questions covering business, firm, mainly, market, and typically. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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NSSCAS Business Studies (8245) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Business Studies (Syllabus 8245) Exam

This practice set contains 100 questions from the matching question bank and focuses on business, firm, mainly, market, and typically. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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NSSCAS Business Studies (8245) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Business Studies (Syllabus 8245) Exam

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