BST Ch-1

A business of developing new and advanced products to sell (like new technology) - this is an example of which economic objective?

• Continuous innovation

• Customer creation

• Using economic resources effectively

Economic objectives are objectives related to

• Money

• Science

• Food

Which of these is NOT a business objective?

• Creating more shops to get more customers

• Helping to set up a low cost hospital in the city

• Cheating customers

Some businesses also try to help people in society

• True

• False

The possibilities of inadequate profits or even losses due to uncertainties are known as _______

• Business contingencies
• Business risks
• Business ventures 
•  None of these

Transfer of interest exists in the case of 

• Profession
• employment 
• business 
• none of these

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

• Patriotism 
•  teaching 
• sentiment 
• sympathy

Human activities are of ____________ types

• one
• two
• three
• four

Hindrance of risk is removed by:

• Advertisement
• warehousing
• Insurance
• Transport

Which of the following does not represent the role of business: 

• Survival
• Growth
• Reward
• Activity