NATURE AND SIGNIFICANCE OF BUSINESS

Which one of the following may not be a factor behind starting a business?

•  Routine workload 
• size of the firm 
• finance 
• location of the business

Transfer of interest exists in the case of 

• Profession
• employment 
• business 
• none of these

Pisciculture comes under which industry?

• Extractive
• Genetic
• Manufacturing
• Constructive

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

• Physical
• Human
• Economic
• Natural

Business risk is not likely to arise due to:

• Good management
• Changes in government policy
• Employee Dishonesty
• Power failure

Central Warehousing Corporation, the premier warehousing agency in India, provides logistics support to the agricultural sector. Hence, such type of corporation helps in removing hindrance of

• Place

• Time

• Information

• Money

A type of reward of non-economic activity is

• salary

• donation

• appreciation

• profits

A fertiliser manufacturing plant falls under

• Synthetical industry

• Analytical industry

• Processing industry

• Assembling industry

Following are the characteristics of business risks. One of then is not correct. Please identify it.

• Loss is the reward for risk bearing 
• Business risks are due to uncertainties 
•  Risk is an essential component of every business 
• Degree of risk depends mainly upon the nature and size of business

Which of the following does not characterise business activity:

• Production of goods & services
• Presence of risk
• Sale & exchange of goods & services
• Salary or wages