Class-11 Objective of Business-part-2

The Primary objective of a business is

• Making Profit

• Not Making Profit

• Special skill

• None of the above

Occupation of a Doctor is-------

• Employment

• Business

• Profession

• Sole Proprietor

The following does not characterize

business activity?

• Production of goods and services

• Presence of Risk

• Sale or exchange of goods and services

• Salary or wages

Activities undertaken out of love and

affection or with social service motive

are termed as:

• Financial Activities

• Non Economic Activities

• Monetary activities

• Economic activities

--------- refers to any human activity undertaken on a regular basis with the object to earn profit through production, distribution, sale or purchase of goods and services

• Business

• Profession

• Employment

• Employer

Goods must be produced or procured in order to satisfy ------.

• Human Wants

• Human needs

• Human satisfication

• Production

----------are those objectives of business, which are desired to be achieved for the benefit of the society

• Economic objective

• Organisational objective

• Social objective

• Human objective

Being an important part of the country, every business must have the objective of fulfilling national goals and aspirations

• National objective

• social objective

• Human objective

• Economics objective

Occupations may be classified into ……………. categories.

• Four

• Two

• Three

• One

where it is owned, managed and controlled by Government and private entrepreneurs

• Private enterprise

• Publicenterprise

• Joint enterprise

• Enterprise