Business Organization and Management

Which of the following does not characterise business activity?

• (i) Production of goods and services

• (ii) Presence of risk

• (iii) Sale or exchange of goods and services

• (iv) Salary or wages

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

• (i) Primary

• (ii) Secondary

• (iii) Tertiary

• (iv) None of them

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

• (i) Business

• (ii) Employment

• (iii) Profession

• (iv) None of them

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

• (i) Primary industries

• (ii) Secondary industries

• (iii) Commercial industries

• (iv) Tertiary industries

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

• (i) Primary industries

• (ii) Secondary industries

• (iii) Commercial industries

• (iv) Tertiary industries

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

• (i) Investment

• (ii) Productivity

• (iii) Innovation

• (iv) Profit earning

Business risk is not likely to arise due to

• (i) Changes in government policy

• (ii) Good management

• (iii) Employee dishonesty

• (iv) Power failure

Name the two broad categories of business activities.

•  Trade and commerce 
•  trade and industry 
• industry and commerce
• none of these

Which of the following is not an example of non-economic activity?

• Patriotism 
•  teaching 
• sentiment 
• sympathy

Cattle

breeding farms, poultry farms, and

fish hatchery come under which type of industries?

• Manufacturing industries

• Extractive industries

• Secondary industries

• Genetic industries