Business Trade and Commerce

Business risk is not likely to arise due to

• Changes in government policy

• Good management

• Employee dishonesty

• Power failure

The occupation in which people work for others and get remunerated in return is known as

• Business

• Profession

• Employment

• None of these

Economic activities may be classified into business, ___________ and employment

Which of the following does not characterize business activity?

• Production of goods & services

• Presence of risk

• Sale or exchange of goods and services

• Salary and wages

Commerce includes activities relating to trade and _________________ to trade.

Which of the broad categories of industries covers oil refinery and sugar mills?

• Primary

• Secondary

• Tertiary

• None of these

Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is

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

• patriotism

• teaching

• sentiment

• sympathy

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

Which of the following cannot be classified as an auxiliary to trade?

• Mining

• Insurance

• Warehousing

• Transport