Commerce includes activities relating to trade and ____ to trade.
1.Supporting
2.subsidiaries
3.auxiliaries
4.none of these
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Earning of profit is considered to be the subsidiary objective of the business.’ The given statement is
1.TRUE
2.FALSE
3.cannot say
4.None
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Economic activities may be classified into business, ____ and employment
1.Profession
2.occupation
3.vocation
4.work
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Following are the characteristics of business risks. One of then is not correct. Please identify it.
1.Loss is the reward for risk bearing
2.Business risks are due to uncertainties
3.Risk is an essential component of every business
4.Degree of risk depends mainly upon the nature and size of business
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Human activities are of ____________ types
1.One
2.two
3.three
4.four
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Business risk is not likely to arise due to
1.Changes in government policy
2.Good management
3.Employee dishonesty
4.Power failure
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Name the two broad categories of business activities.
1.Trade and commerce
2.trade and industry
3. industry and commerce
4.none of these
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The industries which provide support services to other industries are known as
1.Primary industries
2.Secondary industries
3.Commercial industries
4.Tertiary industries
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The occupation in which people work for others and get remunerated in return is known as
1.Business
2.Profession
3.Employment
4.None of these
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The possibilities of inadequate profits or even losses due to uncertainties are known as ______
1.Business contingencies
2.Business risks
3.Business ventures
4.None of these
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Transfer of interest exists in the case of
1.Profession
2.employment
3.business
4.none of these
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Which of the broad categories of industries covers oil refinery and sugar mills?
1.Primary
2.Secondary
3.Tertiary
4.None of these
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Which of the following cannot be classified as an auxiliary to trade?
1.Mining
2.Insurance
3.Warehousing
4.Transport
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Which of the following cannot be classified as an objective of business?
1. Investment
2.Productivity
3. Innovation
4. Profit earning
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Which of the following does not characterize business activity?
1.Production of goods & services
2.Presence of risk
3.Sale or exchange of goods and services
4.Salary and wages
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Which of the following is not an example of non-economic activity?
1.Patriotism
2.teaching
3.sentiment
4.sympathy
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Which one of the following may not be a factor behind starting a business?
1.Routine workload
2.size of the firm
3. finance
4. location of the business
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