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WorksheetsINTRODUCTION TO BUSINESS
Total questions: 10
Worksheet time: 5mins
Which of the following is not an economic activity?
Production
Social service
Professional
Trading in good
Which option is not a business activity?
Production of goods
Transportation
Exchange of goods
Work in a factory for wages
Which of the following is the characteristic of a business?
Production
Exchange or sale
Risk element
All the above
Oil refinery and sugar mill are classified under which industries?
Primary
Secondary
Tertiary
None of the above
Identify the activity which does not support trade?
Banking
Warehousing
Insurance
Mining
In which occupation people get salary or wages in return for their word?
Employment
Business
Profession
None of the above
Which item does not cause any business risk?
Breakdown of machinery
Efficient management
Riot
Changing government policy
In which business, the support service activities are categorized?
Commercial industries
Primary industries
Secondary industries
Tertiary industries
In business, why it is essential to make a profit?
It provides a return to investors.
It provides funds for future extension
It increases the reputation of a company
All the above
Which of the following is a false statement?
The scope of commerce is narrower than business.
Commerce includes trade and auxiliaries to trade.
Foreign trade is purchase and sale by the traders of the same country.
Traders serve as a link between producers and consumers.
