Grade 11 business Studies lesson 1 mcq

Which of the following does not characterise business activity?

• Production of goods and services

• Presence of risk

• Sale or exchange of goods and services

• Salary or wages

Which of the following does not characterise business activity?

• Production of goods and services

• Presence of risk

• Sale or exchange of goods and services

• Salary or wages

. Which of the broad categories of industries covers oil refinery and sugar mills?

(i)

• Primary

• Secondary

• Tertiary

• None of them

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

• Business

• Employment

• Profession

• None of them

The industries which provide support services to other industries are known as

• Primary industries

• Secondary industries

• Commercial industries

• Tertiary industries

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

• Investment

• Productivity

• Innovation

• Profit earning

Business risk is not likely to arise due to

• Changes in government policy

• Good management

• Employee dishonesty

• Power failure

.................. includes those activities through which the natural resources are used to provide raw materials to other industries

• Primary industry

• Secondary industry

• Tertiary or Service Industry

• None of them

Under ............. industry new products are manufactured by using the previously produced things

• Primary industry

• Secondary industry

• Tertiary or Service Industry

• None of them

.......... includes those services which help business to move smoothly

• Primary industry

• Secondary industry

• Tertiary or Service Industry

• None of them