11th B.st. - Unit 1 and Unit 2

Soaps are included under which type ofindustry?

• Analytical industry

• Synthetical industry

• Processing industry

• Assembling industry

Why a business should earn a profit?

• to provide return to investor

• to provide funds for future growth

• to increase the reputation of business

• all the above

True or False:

Earning profit is the sole objective of a business.

• TRUE

• FALSE

Lalit started a business of repairing phones and laptops in his shop in Tilak Nagar. To earn more profits, he used to fix up duplicate spare parts in mobile phones and laptops. He focused only on earning profits and never laid emphasis on any other objective of the business.

identify the objective of business which is being overlooked?

• Economic objective

• Social objective

• Both

• None

Wadhwa Ltd. is reputed company for treating its employees as prime assets. It has taken care of all benefits and protection that may accrue to the workers like providing minimum wages as prescribed by law, health insurance, cordial working atmosphere, etc. Which cause of business risk the company is trying to minimise?

• Natural cause

• Human cause

• Economic cause

• None of these

Viru moves from one place to another selling vegetables. She earns from the work and meets his daily requirements. She saved money and opened a shop where she sold vegetables and also provided home delivery services. Identify the economic activity highlighted above.

• Employment

• Business

• Profession

• None of these

Transfer of ownership is easy in case of ________ whereas it is difficult in case of ________.

• Joint stock company, partnership

• Sole proprietorship, joint stock company

• sole proprietorship, partnership

• Partnership, joint stock company

What is the first step for becoming a public limited company?

• To get letter of commencement

• to ask for SEBI Approval

• to ask for approval from Registrar of companies

• to get certificate of incorporation

True or False:

If two dacoits sign an agreement top operate together and share the loot, it is a partnership

• TRUE

• FALSE

• NONE

• CAN'T SAY

Identify the form of business organization:

The company that cannot allot shares without receiving minimum subscription.

• Private limited company

• Public limited company

• One person company

• None of these