Nepal APF School Class 11 Business Studies Final Assessment

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

• Business

• Profession

• Employment

• None of these

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

Which is not the characteristic of business risks?

• 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

What is the maximum limit of members in case of a Private Limited Company?

• 2

• 7

• 10

• 50

The life of sole proprietorship business is ___________

• Unstable

• Stable

• Very short life

• Long life

The capital of a company is divided into number of parts each one of which are called

• Share

• Dividend

• Profit

• Interest

In a cooperative society the principle followed is

• One share one vote

• One man one vote

• No vote

• Multiple votes

The structure in which there is separation of ownership and management as per law is called

• Company

• All business organisations

• Partnership

• Sole proprietorship

A__________ provides for the greatest degree of continuity:

• general partnership.

• joint venture.

• corporation.

• sole proprietorship.

The board of directors of a joint stock company is elected by

• Employees

• Government bodies

• Shareholders

• General public