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Fundamentals of Business

Total questions: 10

Worksheet time: 7mins

Name
Class
Date
1.

In different parts of the country, different communities dominated the trade. Name one community that dominated in the northern region

a)

Multani merchants

b)

Mahajan

c)

Chatt

d)

Hakim

2.

n different parts of the country, different communities dominated the trade. Name one community that dominated the western region

a)

Punjabi

b)

Mahajan

c)

Multani

d)

Hakim

3.

Merchant communities derived power from guilds which were autonomous corporations formed to protect the interest of traders. These corporations were organized on a formal basis and formed a professional code of conduct which even kings were supposed to accept and respect

a)

True

b)

False

4.

During the Roman Empire ____ was known as black gold.

a)

Coal

b)

Diamond

c)

Pepper

d)

Spices

5.

Profit maximization should be the sole objective of business

a)

True

b)

False

6.

Jio mobile decides to introduce more customers by June 2021. which objective is it trying to achieve?

a)

economic objective

b)

Social objective

c)

personal objective

7.

Advertising helps in removing the hindrance of (a)  

8.

(a)   risk involves only the possibility of loss or no loss.

9.

(a)   activities are undertaken to earn a living

10.

The maritime routes linked the east and west by sea and were used for the trade of spices and known as (a)