Business Activities Quiz
Business Activities Quiz
Test your knowledge on various aspects of business activities with our comprehensive quiz! This quiz covers essential topics ranging from production stages to economic activities. Perfect for students and anyone looking to brush up on their business fundamentals.
Key Features:
- 23 well-crafted questions
- Multiple choice format for easy answering
- Learn while you play!
The primary stage of production is concerned with...?
Providing services to consumer and industry
Convertin raw material into finished goods
Transporting goods to the final consumer
None of these
Which of these is not a business activity
Production of goods
Transportation
Exchange of goods
None of these
Name the economic activity in which specialized knowledge is required
Entrepreneurship
Profession
Employment
Sales
Soaps are classified under which industry?
Proessing
Synthetic
Manufacturing
None of these
Which of these can not be classified as an auxiliary
Mining
Insurance
Warehousing
Transport
Transfer of interest exist in
Profession
Employment
Business
None of these
In business why is it essential to make profit ?
Provides a return to investor
It provides scope for future expansion
All of these
Increases reputation of the company
Name 2 broad categories of business activities
Trade and commerce
Trade and industry
Industry and auxiliaries to trade
None of these
Commerce includes activities relating to trade and__________________ of trade
Supporting
Subsidiaries
Auxiliaries
None
The possibilities of inadequate profit and losses due to uncertainties are know as_______________
Business contingencies
Business risks
Business venture
None
Which of these may not be the factors behind starting a business?
Location
Size
Finance
Workload
'Earning of profit is the subsidiary objective of a business'. State true or false
True
False
Following are the characteristics of business risk. One of them isn't correct identify that
Loss is the reward for risk bearing
Business risks are due to uncertainties
Risk is an essential component of business
Degree of risk depends mainly on the size of business
Which of the following is not an example of non-economic activity?
Patriotism
Teaching
Sentiment
Charity
Economic activities may be classified into business,_______ and emplyoment
Profession
Occupation
Vocation
Work
Which of the following does not characterize as a business activity
Production of goods
Presence of risk
Sale and exchange of goods and services
Salary and wages
The secondary stage of production is concerned with
Growing crops and extracting the earth's natural resource
Providing services to consumer and industry
Converting raw material to finished goods
Transporting goods to final consumer
Which of these is not a economic activity?
A doctor practicing
A lawyer practicing law
A professional cricketer playing
A student playing hockey
Business means_______
Commerce
Industry and commerce
Trade and commerce
Buying and selling
Sole trade organization is also called as ______.
Individual proprietorship
Partnership
Joint stock company
Human activities are of _______ types.
1
2
3
4
Business risk is not likely to arise due to
Changes in government policy
Good management
Employ dishonesty
Power failure
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