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business studies ch 1

Total questions: 14

Worksheet time: 6mins

Name
Class
Date
1.

farmers growing crops fro their personal consumption :

a)

economic

b)

non economic

2.
What is an entrepreneur?
a)
Someone who takes a calculated risk through starting a business
b)
Someone who gives up when something goes wrong
c)
Someone who doe not understand the business environment
d)
Someone who does not take time to consider the risks
3.

The insurance industry forms part of the..... sector

a)

Primary

b)

Secondary

c)

Tertiary

d)

Informal

4.

person regularly sitting outside temple and begging

(a)  

5.

Define business

4 lines
6.

mr .ram sold his old house at a very price and earning huge amt and invested that money in his business .identify what is the activity

a)

business

b)

non business

7.

No business can survive for long without

(a)  

8.

How can u explain uncertainty of return in a business

4 lines
9.

identify the activity

no code of conduct required

a)

profession

b)

employement

c)

buisness

10.

which is the economic activity where transfer of interest is not possible

a)

business , profession

b)

profession

c)

employment , profession

d)

business employment

11.

explain objective in concrete term (10 to 15 words)

4 lines
12.

identify which objective of business is high lighted here

in order to ensure continuos survival and progress every organisation should work on productivity through best use of resources .

a)

productivity

b)

market standing

c)

innovation

13.

identify the objective ;

solving social problem and work in a socially desirable manner

a)

organisational objective

b)

social objective

c)

individual objective

14.

identify different activity done by the women in the image

4 lines