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

Published on: 13/05/2022

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.

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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.

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Std: 11th Standard - Commerce

chapter: - Creative Questions

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Questions:

Generic 2

5 x 2 = 10

How do you explain large scale business?

What do you mean by small scale business?

What are Joint Enterprises?

What is the National objective of a business?

What do you mean by Non-Economic Activities?

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Answers Key:

Generic 2

5 x 2 = 10

The units which require large capital, employ large number of workers and produce the goods on large scale is known as Large Scale business. E.g: Suffola, Sunflower oil industries.(Extraction of edible oil from oil seeds in oil mills.)

The units which requires less capital, employ small number of workers and produce the goods on small scale is known as Small Scale business.

When an enterprise is owned, managed and controlled by Government and private entrepreneurs, it is known joint enterprises.E.g. Maruti Suzuki.

The goal of the country may be to provide employment opportunity to its citizen, earn revenue for its exchequer, become selfsufficient in production of goods and services, promote social justice, etc.Business activities should be conducted keeping these goals of country in mind, is known as national objective of business.

Activities undertaken to satisfy social and psychological needs are called non-economic activities.
E.g: Cooking food for family, Doing meditation,Celebrating festivals.