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Nature And Purpose Of Business

Question

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Choose the true and false statements:
A.
Dealing with goods and services on a regular basis is the basic feature of a business.
B.
Professional get profit as reward for their services.
C.
Risk of profession is greater than that of business.
D.
Human activities may be divided into economic and non-economic activities.

Solution

A. True
B. False
C. False
D. True

Some More Questions From Nature and Purpose of Business Chapter

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.

How is business an economic activity?

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