Evolution and fundamentals of business

Identify economic activities

• Working in a factory

• Doing self domestic work

• Jogging

• Playing video games

Identify non economic activities

• Donating for a noble cause

• Helping senior citizen

• Planting trees roadside

• All the above

Which of the following is not a classification of economic activities

• Management

• Profession

• Employment

• Business

• None of these

Obeying Code of conduct and being a member of association is must for

• Business

• Profession

• Employment

• All of these

• None of these

Which of the following is not a feature of of employment

• Service contract is must between employer and employee

• The reward for doing the work is called fee

• Job related knowledge and skills required

• None of these

Which of the following is not feature of business

• Element of risk

• Element of uncertainty

• Procurement or purchase of goods and services

• Service motive

• Dealing of goods and services on regular basis

Oil refinery is an example of

• Processing industry

• Analytical industry

• Synthetical industry

• Assembling industry

cement is an example of

• Processing industry

• Analytical industry

• Synthetical industry

• Assembling industry

sugar and paper are examples of

• Processing industry

• Analytical industry

• Synthetical industry

• Assembling industry

Car industry is an example of

• Processing industry

• Analytical industry

• Synthetical industry

• Assembling industry