Business risk is not likely to arise due to
  • Changes in government policy
  • Good management
  • Employee dishonesty
  • Power failure
The industries which provide support services to other industries are known as
  • Primary industries
  • Secondary industries
  • Commercial industries
  • Tertiary industries
The occupation in which people work for others and get remunerated in return is known as
  • Business
  • Profession
  • Employment
  • None of these
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
Economic activities may be classified into business, ___________ and employment
  • Profession
  • occupation
  • vocation
  • work
Human activities are of ____________ types
  • One
  • two
  • three
  • four
Following are the characteristics of business risks. One of then 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 one of the following may not be a factor behind starting a business?
  • Routine workload
  • size of the firm
  • finance
  • location of the business
Which of the following cannot be classified as an objective of business?
  • Investment
  • Productivity
  • Innovation
  • Profit earning
Which of the following cannot be classified as an auxiliary to trade?
  • Mining
  • Insurance
  • Warehousing
  • Transport
Which of the broad categories of industries covers oil refinery and sugar mills?
  • Primary
  • Secondary
  • Tertiary
  • None of these
Which of the following is not an example of non-economic activity?
  • Patriotism
  • teaching
  • sentiment
  • sympathy
Transfer of interest exists in the case of
  • Profession
  • employment
  • business
  • none of these
‘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
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