Business Activity -Lesson 1 : Assessment With & Without Answers “True” Or “False” 130 questions.

"IGCSE Business 0450, Lesson 1 Assessment Paper offers a comprehensive evaluation of key business concepts. This assessment is designed to test students’ understanding of essential business activities and economic principles. The question paper includes 130 true or false questions that cover various topics integral to business studies, such as the distinction between needs and wants, the importance of scarcity and opportunity cost, the roles of specialization and division of labor in enhancing productivity, and the concept of added value in business operations. Additionally, the assessment explores the definitions and differences between consumer goods and capital goods, factors of production, and the significance of marketing, financing, and research & development activities in business settings. The answer sheet provided allows students to check their understanding and grasp of the subject matter, reinforcing their knowledge of how businesses satisfy consumer demands, manage resources, and contribute to economic growth. This assessment is tailored to help students critically assess and apply business theories to practical and theoretical scenarios, preparing them for further studies and real-world business challenges.