Nature and Purpose of Business
Commerce ⇒ Business Studies
Nature and Purpose of Business starts at 11 and continues till grade 12.
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See sample questions for grade 12
A business firm is planning to expand its operations internationally. What type of trade will it be engaged in?
Define business. How is it different from profession and employment?
Distinguish between industry and commerce.
Explain the concept of 'economic activities' with examples.
Explain the concept of 'social objectives' of business.
Explain the difference between economic and non-economic activities with examples.
Explain the meaning of 'business risk' and its types.
A business firm is planning to expand its operations internationally. What type of trade will it be engaged in?
Which of the following is a human cause of business risk? (1) Fire, (2) Flood, (3) Strikes, (4) Earthquake
Which of the following is a social objective of business? (1) Maximizing profit, (2) Providing employment, (3) Increasing sales, (4) Reducing cost
Which of the following is a speculative risk? (1) Fire, (2) Theft, (3) Change in demand, (4) Earthquake
Which of the following is a tertiary industry? (1) Mining, (2) Banking, (3) Manufacturing, (4) Agriculture
Fill in the blank: The activities which are concerned with the production, purchase, and sale of goods are called _______ activities.
Fill in the blank: The activities which remove hindrances in the process of exchange of goods are called _______.
Fill in the blank: The main motive of business is to earn _______ by satisfying human wants.
Fill in the blank: The process of buying and selling goods within the boundaries of a country is called _______ trade.
Is risk an essential element of business?
State whether the following statement is true or false: 'All economic activities are business activities.'
State whether the following statement is true or false: 'Business activities are always legal.'
State whether the following statement is true or false: 'Business is a part of economic activities.'
