The Primary objective of a business is ______.

(a)

Making Profit

(b)

Not making Profit

(c)

Special Skill

(d)

None of the above

Occupation of a Doctor is ______.

(a)

Employment

(b)

Business

(c)

Profession

(d)

Sole Proprietor

The following does not characterise business activity?

(a)

Production of goods and services

(b)

Presence of risk

(c)

Sale or exchange of goods and services

(d)

Salary or wages

Activities undertaken out of love and affection or with social service motive are termed as:

(a)

Economic activities

(b)

Monetary activities

(c)

Non Economic activities

(d)

Financial Activities

Human activities can be categorised in __________ activities.

(a)

two

(b)

three

(c)

four

(d)

five

____________ are the examples of employees.

(a)

Owners

(b)

producers

(c)

wholesalers

(d)

factory workers

An enterprise which is owned, managed and controlled by Government and private entrepreneurs is known as_______

(a)

Public Enterprise

(b)

Private Enterprise

(c)

Joint Enterprise

(d)

Co-operative Society

__________ refers to the occupation in which people work for others and get remuneration in the form of wages or salaries.

(a)

Employment

(b)

Profession

(c)

Business

(d)

Industry

Example of economic activity is ......

(a)

celebrating festivals

(b)

selling by retailer

(c)

food cooking for family

(d)

none of these

............refers to any human activities undertaken as a regular basis object of profit.

(a)

Profession

(b)

Trade

(c)

Cominerce

(d)

Business

What do you mean by Employment?

Name the activity which facilitates buying and selling. Explain briefly about it?

What are Joint Enterprises?

What is Private Enterprises?

What is social objectives of business?

Explain the classification of ‘Business’.

How can you differentiate business, profession and employment on the basis of :
(i) Nature of work
(ii) Capital

Give three examples of Economic Activities.

What are the classification of economic activities according to size?

What are the classification of economic activities on the basis of function?

Distinguish between economic and non-economic activity.

How the business activities are classified?

Expalin the types of Economic Activities.