The Primary objective of a business is ______.

(a)

Making Profit

(b)

Not making Profit

(c)

Special Skill

(d)

None of the above

The following does not characterise business activity?

(a)

Production of goods and services

(b)

Presence of risk

(c)

Sale or exchange of goods and services

(d)

Salary or wages

Which one of the following is not an economic activity?

(a)

Production of goods

(b)

Distribution of goods

(c)

Celebrating birthday

(d)

Selling by retailers

Large scale units require ____________ capital.

(a)

less

(b)

huge

(c)

fixed

(d)

none of these

Which of the following is not characterized as economic activities?

(a)

Production of goods by manufacturer

(b)

Selling by retailers

(c)

Medical advice rendered by physician

(d)

Celebrating festivals

A Systematic body of knowledge is the basic requirement of______

(a)

Employment

(b)

Job

(c)

Business

(d)

Profession

The National Objectives of business is_______

(a)

Promote Social justice

(b)

Special skill

(c)

Making profit

(d)

Satisfaction of employees

Occupations may be classified into _______ categories.

(a)

One

(b)

Two

(c)

Three

(d)

Four

Conversion of raw material into finished product creates .........utility

(a)

form

(b)

place

(c)

time

(d)

storage

Business deals with goods and ......

(a)

utility

(b)

consumer

(c)

services

(d)

customer