NATURE AND PURPOSE OF BUSINESS

Economic Activities =

• Business + Profession

• Business + Employment

• Business + Employment

• Business + Profession + Employment

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

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

Which one of the following may not be a factor behind starting a business?

•  Routine workload 
• size of the firm 
• finance 
• location of the business

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

Hindrance of risk is removed by:

• Advertisement
• warehousing
• Insurance
• Transport

Pisciculture comes under which industry?

• Extractive
• Genetic
• Manufacturing
• Constructive

What type of cause is fluctuation of price in the market?

• Physical
• Human
• Economic
• Natural

Hindrance of place is removed by:

• Communication
• Advertisement
• Warehousing
• Transportation

Which of the following can not be classified as an objective of business:

• Investment
• Productivity
• Innovation
• Profit Earning