Evolution And Fundamentals Of Business

10 Questions | Total Attempts: 294

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Evolution And Fundamentals Of Business

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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