Business Studies

The process of making goods and services available to the consumers is called

• Communication

• distribution

• Transportation

• Advertising

The form of business unit which has a minimum of two and maximum of twenty people is

• Co-operative society

• Private limited company

• Public liability company

• Partnership

Civil servants are engaged in

• Commercial occupation

• Constructive occupation

• Direct occupation

• Indirect occupation

The buying and selling of goods and services between two or more people within a particular country is called____ trade

• Entrepot

• Export

• Home

The person that commits his financial resources to enjoy a product is called

• Consumer

• Marketer

• Producer

• Retailer

The following are factors that make people to lie in business except

• Bad upbringing

• Honesty

• Poverty

• Laziness

Shareholders are owners of

• Partnership

• Sole proprietorship

• Limited liability companies

• Public enterprise

The initial amount used for starting a business is known as

• Cash

• Capital

• Profit

• Discount

Which of the following columns is not part of a journal

• Cash

• Date

• Folio

• Debit

Ledger is classified into ______ parts

• Five

• Four

• Three

• Two