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Nature And Purpose Of Business

Question

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Business risk is the result of ___.
ertainty
uncertainty
Both (a) and (b)
Neither of (a) nor (b)

Solution

B.

uncertainty

Some More Questions From Nature and Purpose of Business Chapter

Define economic and non-economic activities.

Write any three features of profession.

Explain the concept of business.

Define the term 'industry'.

Define 'Commerce'.

Define trade.

Define internal trade.

Define External Trade.

Define risk.

Name the functions of business.

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