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Answer these following questions, basing your answers on the text. (3 points for each)

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Faculty of Economics
Gadjah Mada University Yogyakarta
Mid Term Examination
2004

D avjD ate
Course
Duration
Lecturer

: W ednesdav /31 March 2004
. Enlish 2
: 90 Minutes
: Uivati Retno Sari, 5.5.


Reading Comprehension

WHAT IS BUSINESS?

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Business is a word which is commonly used in many different languages. But
exactly what does it mean? The concepts and activities of business have increased in
modem times. Traditionally, business simply meant exchange or trade for things people
wanted or needed. Today it has more a technical definition. One definition of business is
the production, distribution, and sale of goods and services for a profit. To examine this
definition, we will ,lookat is various part~.
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