Nature and Purpose of Business

Economic Activities =

• Business + Profession

• Business + Employment

• Business + Employment

• Business + Profession + Employment

The possibilities of inadequate profits or even losses due to uncertainties are known as _______

• Business contingencies
• Business risks
• Business ventures 
•  None of these

Name the two broad categories of business activities.

•  Trade and commerce 
•  trade and industry 
• industry and commerce
• none of these

Commerce includes activities relating to trade and ____________

• Supporting 
• subsidiaries 
• auxiliaries to trade
• none of these

Which of the following is not an example of non-economic activity?

• Patriotism 
•  teaching 
• sentiment 
• sympathy

Human activities are of ____________ types

• one
• two
• three
• four

Hindrance of risk is removed by:

• Advertisement
• warehousing
• Insurance
• Transport

Which of the following does not represent the role of profit in business:

• Survival

• Growth

• Reward

• Activity

Pisciculture comes under which industry?

• Extractive
• Genetic
• Manufacturing
• Constructive

What type of cause is fluctuation of price in the market?

• Physical
• Human
• Economic
• Natural