Business Organization Test -1

Full Name

Mobile Number (Student)

Mobile Number (Parent)

What is the basic meaning of a business?

• Profit generation
• Buying and selling goods or services
• Employment generation
• Investment activities

Which of the following is NOT a feature of a business?

• Regularity of transactions
• Profit motive
• Uncertainty of return
• Charitable purpose

The essential element for starting a business is:

• Goodwill
• Capital
• Profit
• Trading license

Which is NOT a feature of a business activity?

• Risk and uncertainty
• Profit motive
• Transaction on a regular basis
• Free from competition

What defines the scope of a business?

• Customer base
• b)Market trends
• Nature of transactions and business environment
• Business strategy

Which of the following is the first stage of a business lifecycle?

• Growth
• Expansion
• Startup
• Maturity

At which stage does a business start experiencing maximum profit?

• Startup
• Decline
• Maturity
• Growth