NATURE & PURPOSE OF BUSINESS
Authored by BENEDICT RENSON P J
Business
11th Grade
Used 44+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is not a characteristic of business?
Production of goods and services
Sale or exchange of goods and services
Risk element
Wages and salaries
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which broad category of industry involves assembling of parts to make a new product?
Primary
Tertiary
Secondary
Genetic
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of these categories of industries covers sugar mills and oil refinery?
Primary
Tertiary
Secondary
Genetic
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The occupation in which people work for others and get remunerated.
Business
Profession
Employment
Proprietor
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The industries which provide support services to other industries.
Primary
Tertiary
Secondary
Commercial
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The following broad category of industry covers fishing and fish hatchery.
Primary
Tertiary
Secondary
Construction
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
------------- refers to economic activities which are connected with the conversion of resources into useful goods.
Commerce
Auxiliaries to trade
Industry
Transportation
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