OCM - Chap 1 Introduction to Commerce and Business

A Lawyer is ___________.

• a Professional person

• a Businessman

• an employee

• none of the above

Raw material is converted into finished product by __________ industry.

• genetic

• extractive

• manufacturing

• none of the above

Actual buying and selling of goods is known as __________.

• profession

• trade

• industry

• none of the above

National level code of conduct is prepared for _________.

• professionals

• businessmen

• employees

• none of the above

Construction of dams is an activity done under __________ industry

• primary

• secondary

• tertiary

• none of the above

The problem of distance is solved by __________.

• bank

• transport

• warehousing

• none of the above

Commerce is a branch of _________

• business

• industry

• trade

• none of the above

Monetary Returns in business is called _________.

• fees

• salary

• profit

• none of the above

A business unit depends upon ___________ for selling its output.

• industry

• society

• employees

• none of the above

Warehousing creates ________ utility in goods.

• place

• time

• form

• none of the above