Business, Trade and Commerce

Which of these does not characterize a business activity?

• Production of goods

• presence of risk

• sale and exchange

• salary or wages

Fishing is what type of industry

• Primary Industry

• secondary industry

• commercial industry

• tertiary industry

conversion of cotton into cloth is an example of a genetic industry. True or False

Transfer of interest exists in the case of

• employment

• business

• profession

• both b) and c)

the 2 broad categories of business are

• trade and industry

• trade and commerce

• industry and commerce

• none of these

Business risk is not likely to arise due to

• changes in government policy

• good management

• employee dishonesty

• power failure

Commerce includes activities relating to trade and ________ to trade

Which of the following cannot be classified as an objective of business

• productivity

• innovation

• profit-earning

• investment

The possibilities of inadequate profits or even losses due to uncertainties are known as

Which of these cannot be classified as an auxiliary to trade

• insurance

• mining

• warehousing

• transport