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In this quiz, you will find questions related to the nature of business, the purpose of business, and types of Business.
Economic activity = ……….. + ………. :
Capital is not an essential element in :
Free Guidance by a teacher to his son is :
Commerce includes activities relating to trade and _________________ to trade.
Bad debts due to non-payment of debt by the debtor are an example of which type of business risk?
Which of the following does not characterize business activity?
Everest Textile Ltd is involved in manufacturing textile products. In which industry is the company involved?
Business is :
Art
Science
Both art and science
None of these
Which of the following does not characterise business activity :
Production of goods and services
Presence of risk
Sale or Exchange of goods and services
Salary or wages
Which one of the following is an economic activity in which specialized knowledge is required?
Profession
Business
Employment
None of them
Which of the following is an economic cause of business risks?
Demand for goods
Competition
Price
All of these
Business risk is not likely to arise due to?
Power failure
Employee dishonesty
Changes in government policy
Good management
The industries which provide support services to other industries are known as?
Primary industries
Secondary industries
Commercial industries
Tertiary industries
The occupation in which people work for others and get remunerated in return is known as?
Business
Profession
Employment
None of them
Economic activities may be classified into business, ___________ and employment.
Profession
occupation
vocation
work
Name the auxiliary to trade which removes the hindrance of time?
Warehousing
Trade
Transportation.
Banking
Soaps are included under which type of industry?
Synthetical Industry.
Analytical Industry.
Processing Industry.
Assembling Industry.
Human activities are of ____________ types.
One
Two
Three
Four
