CL XI BST : NATURE & PURPOSE OF BUSINESS

Business is derived from

• bisi
• busi
• busy
• bussy

Business is:

• an economic activity
• a non-economic activity

Which of the following activities are included in business

• Production & Manufacturing
• Purchase and sales
• Services to the consumer
• All

Identify the economic activity in the following:

• serving his old aged parents
• teaching in a school
• gardening in own garden
• teaching his own son or daughter

Identify the non-economic activity in the following:

• working in company as finance manager
• teaching in a school
• gardening in an institution
• preparing food for the family

Economic activities are categorised into:

• Business, Profession, Self service
• Profession & Employment
• Profession, Business & Employment
• Business, Social Service & Employment

Which of the following is a business activity:

• Sale of old material by a household
• Gifting to someone
• exchange of goods and services on regular basis
• Constructing to own house to live in

Which of the following is a business activity

• Constructing the apartment by a builder
• Binding his / her own books at home
• Sapling the plants in the garden
• Constructing to own house to live in

Which of the following is not a feature of business activity:

• dealing in goods and services on regular basis
• profit motive
• includes manufacturing, purchase, and sales etc.
• dealing in goods and services one time only

Identify the occupation in which people work for other and get remunerated:

• Business
• Employment
• Profession
• Social Service