20 questions
Home trade is divided into
--------------- and -------------
external and internal
domestic and foreign
retail and wholesale
Business risk is not likely to arise due to
Change in government policy
Good management
Employee's dishonesty
Power failure
…………..is concerned with holding goods in stock for sale in future.
Which of the broad categories of industries covers oil refinery and sugar mills?
Primary
Secondary
Commercial
Tertiary
Which of the following is an economic activity?
A housewife cooking food for her family
A person selling cold water on the pavement
A young boy driving his motorcycle in the City
An old man offering prayers in a temple
Conversion of cotton into cloth is an example of primary industry. True/False?
...…………….. industries provide support services to primary & secondary industries.
...…………...….. is the primary objective of business
Which of the following does not characterise business activity?
Production of goods
Presence of risk
Sale or exchange
Salary or wages
Fishing is what type of industry?
Primary
Secondary
Tertiary
commercial
Chhavi cooks food at home for her family but Shelly cooks food and sells it to others in a restaurant. Who is engaged in business activity?
...……………. facilitate buying & selling of goods
Trade
Industry
Auxiliaries to trade
None of these
The trade in which goods are re-exported to another country
People who are part owners of a company are known as...
Stakeholders
Shareholders
Customers
People
Someone who starts, operates and assumes the risk of a business is known as an...
Investor
Interest person
Entrepreneur
Business inventor
A business with less than 20 employees can be classified as a...
Small business
Medium business
Large business
extra small business
A business that is owned and operated by a single person is known as a...
Partnership
Sole trader
Private company
Public company
Start up costs are...
the amount of money spent setting up a business
money spent on a regular basis to keep a business running
Fixed Costs + Variable Costs
costs which change with output