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Nature and Purpose of Business
Question
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How can the risks caused by human beings be reduced ?

Answer

Employee's honesty, sincerity, loyalty, control may help in reducing the risks caused by human beings.

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Some More Questions From Nature and Purpose of Business Chapter

Define risk.

Name the functions of business.

How is business an economic activity?

Explain how industry, trade and commerce are related.

What is the role of profit in business?

How auxiliaries to trade help in removing hindrance?

What is business risk. What is its nature?

How would you classify business activities?

What are various types of industries?

Explain any two business activities which are auxiliaries to trade.