1. ____________ is an activity of exchanging goods and services, for gaining profit. 2. ____________ is a group of people who work together to achieve common goals. 3. ____________ is a collection of people with particular purpose in the society. 4. _____________ is an organization where goods and service are exchange for one another or for money. 5. _____________ social unit of people that is structed and managed to meet a need or to pursue collective go

Practical Management Science
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Author:WINSTON, Wayne L.
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Chapter2: Introduction To Spreadsheet Modeling
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Below are the definitions of business and organization. Write BUSS if it describes a business and ORG if it describes an orgnization.

 

1. ____________ is an activity of exchanging goods and services, for gaining profit.

2. ____________ is a group of people who work together to achieve common goals.

3. ____________ is a collection of people with particular purpose in the society.

4. _____________ is an organization where goods and service are exchange for one another or for money.

5. _____________ social unit of people that is structed and managed to meet a need or to pursue collective goals.

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