Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Nature & Purpose of Business

Total questions: 15

Worksheet time: 10mins

Name
Class
Date
1.

Conversion of cotton into cloth is an example of genetic industry. True/False?

a)

False

b)

True

2.

Which of the following does not relate to a business activity?

a)

Production of goods

b)

No intention of making profit

c)

Sale or exchange of goods

d)

Salary or wages

e)

Presence of risk

3.

Mama Earth plants a tree on the sale of its every product. It is trying to achieve ………….. objectives of the business.

a)

Individual

b)

Economic

c)

None of these

4.

Dr. Vipin Sharma is working against the post of a senior doctor in a government hospital. He does not discriminate between the rich and poor while treating his patients medically. When he returns home from the hospital, he attends to the poor patients at home free of cost between 6:00 p.m. to 8:00 p.m. Besides, he gives them the information about the employment opportunities.

1. What type of activities does Dr. Sharma perform at home?

a)

Economic

b)

Non-Economic

c)

Profession

d)

Business

5.

The industry which provides support services to other industries are known as:

a)

Primary

b)

Manufacturing

c)

Tertiary

d)

Commercial

6.

Categorize the following into the correct type of industry:

1. Soaps Industry; 2. Sugar Industry; 3. Oil Refinery

a)

Analytical ;Synthetical ; Processing

b)

Synthetical; Analytical; Processing

c)

Synthetical ;Processing; Analytical

d)

None of these

7.

This image corresponds to ______ industry

a)

Primary

b)

Analytical

c)

Secondary

d)

Construction

e)

Neither of these

8.

Economic Activities =

a)

Business + Profession

b)

Business + Employment

c)

Business + Employment

d)

Business + Profession + Employment

9.

Identify the nature of activity in which Sagar is involved, who is working as manager with Burger King

a)

Profession

b)

Business

c)

Employment

d)

None of these

10.

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

a)

Features of business

b)

Business risks

c)

Business ventures

d)

uncertainty

11.

The Financial Times cited an internal company presentation that designated more than 60% of Nestle’s core food and beverage products as unhealthy. Which objective has been violated by Nestle?

a)

Personal

b)

Economic

c)

Social

d)

Environmental

12.

Which of the following can not be classified as an auxiliary to trade?

a)

Mining

b)

Insurance

c)

Animal Husbandry

d)

Ford Motors

e)

Transportation

13.

The image here is an example of ____ industry?

a)

Extractive

b)

Genetic

c)

Manufacturing

d)

Constructive

14.

While attempting this quiz , which activity are you fulfilling:

a)

Economic

b)

Non Economic

c)

Business

d)

Profession

e)

Employment

15.

You have found this product at your home. Identify which industry/industries are involved to make it available to you.

a)

1.Secondary & Tertiary

b)

2.Primary & Tertiary

c)

3.Primary & Secondary

d)

4. Only 1

e)

5. Both 2 and 3