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WorksheetsFundamentals of Business
Total questions: 10
Worksheet time: 3mins
Which of the following does not characterize business activity?
Production of goods & services
Presence of risk
Sale or exchange of goods and services
Salary and wages
Following are the characteristics of business risks. One of them is not correct. Please identify it.
Loss is the reward for risk bearing
Business risks are due to uncertainties
Risk is an essential component of every business
Degree of risk depends mainly upon the nature and size of business
Commerce includes activities relating to trade and _________________ to trade.
Supporting
subsidiaries
auxiliaries
none of these
Which of the following is not an example of non-economic activity?
Patriotism
teaching
sentiment
sympathy
'Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is
True
false
cannot say
None
Name the two broad categories of business activities.
Trade and commerce
trade and industry
industry and commerce
none of these
The possibilities of inadequate profits or even losses due to uncertainties are known as ____________
Business contingencies
Business risks
Business ventures
None of these
Which of the following cannot be classified as an auxiliary to trade?
Mining
Insurance
Warehousing
Transport
Which of the following cannot be classified as an objective of a business?
Investment
Productivity
Innovation
Profit earning
Economic activities may be classified into business, ___________ and employment
Profession
occupation
vocation
work
