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11th Standard English Medium Commerce Subject Objectives of Business Creative 2 Mark Questions with Solution Part - I

Published on: 26/06/2021

QB365 provides detailed and simple solution for every
Creative Questions in class 11 Commerce Subject. It will helps to get more idea about question pattern in every Creative questions with solution.

Download Tamil Nadu 11th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

Questions + Answers key

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Std: 11th Standard - Commerce

chapter: - Creative Questions

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Questions:

Generic 2

5 x 2 = 10

Name the activity which facilitates buying and selling. Explain briefly about it?

Name of economic activity which requires and knowledge and skills. Briefly explain.

Classify the following as Business, Profession and Employment.

Classify the following activities into economic or non-economic activities?

Define the term "Business" according to H. Haney.

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Answers Key:

Generic 2

5 x 2 = 10

(i) Business refers to those activities, which are connected with production, purchase and sale of goods or supply of services with the main object of earning profits.
(ii) People engaged in business are called businessman. They earn income in the form of Profits.

(i) Profession includes those activities, which require special knowledge and skill to be applied by individuals in their occupation to earn fees.
(ii) People engaged in Profession are known as professionals.
(iii) For Example : Lawyer, Doctor, Chartered Accountant, etc.

(i) A hawker sells toys for children near the park.
(ii) Paramesh works as a manager in a mobile company.
(iii) John is a advocate of high court.

(i) Bala cooking food for her family.
(ii) A person selling cool drinks in the bus stand.
(iii) A student praying in temple for scoring high marks in the Examination.
(iv) A person teaching his daughter for her public exams.

According to H. Haney "Business" may be defined as a human activity directed towards producing or acquiring wealth through buying and selling of goods.