Evolution And Fundamentals Of Business

10 Questions | By Prekshamehta89 | Last updated: Mar 22, 2022 | Total Attempts: 352

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Evolution And Fundamentals Of Business - Quiz

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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