Evolution And Fundamentals Of Business
10 Questions
| Total Attempts: 294
Try this quiz to test your understanding of the unit evolution and Fundamentals of business.
Questions and Answers
- 1.[Blank] risks involve the possibility of gain as well as loss.
- 2.Risk arising due to theft is an example of speculative risk.
- A.
True
- B.
False
- 3.Tick the features present in profession.
- A.
Fee is the reward for rendering professional services.
- B.
Zero risk is there.
- C.
Little capital is required.
- D.
No qualification is required.
- E.
It is an economic activity.
- F.
Salary is the reward for rendering professional services.
- 4.Teaching one's own daughter is an example of non economic activity.
- A.
True
- B.
False
- 5.[Blank] is an economic activity in which people work for others and get remuneration in return.
- 6.One single transaction of sale or purchase of goods can be termed as business.
- A.
True
- B.
False
- 7.[Blank] trade means importing of goods for the purpose of exporting them to other countries.
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