BUSINESS STUDIES

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

• Business

• Profession

• Employment

Following are the characteristics of business risks. One of them is not correct. 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 is not an example of non-economic activity?

• Patriotism

• Teaching

• Sentiments

• Sympathy

Radha enjoys teaching slum areas children in her free time. It is an example of

• Economic Activity

• Non-Economic Activity

• Both (a) and (b)

• None of these

Leakage of business secrets to competitors is which cause of business risk.

• Natural Cause

• Economic Cause

• Human Cause

• Other Cause

In which economic activity transfer of interest is possible?

• Profession

• Business

• Employment

• All of the above

Why a farmer producing crops for self-consumption cannot be called a business? Identify the characteristic of business which is not being highlighted.

• Uncertainty of return

• Element of Risk

• Procurement of Goods and Services

• Sale or exchange of Goods and Services

Which of the following cannot be classified as an objective of business :

• Investment

• Profit Earning

• Welfare of Employees

• Innovation

Providing opportunities for personal growth and development is related to which kind of business objective.

• Social Objective

• Human Objective

• Economic Objective

• Business Objective

Capital is not an essential element in

• Business

• Profession

• Employment

• None of these