Buisness Organisation and Entrepreneurship

Commercial application of an invention

• Innovation

• Discovery

• Brand

An entrepreneur who starts business due to incentives and subsidies.

• Pure entrepreneurs

• Induced entrepreneurs

• Drone

Economic activities are meant for

• Personal satisfaction

• Profit

• Social welfare

The eldest member of HUF is....

• Kartha

• Director

• Managing director

Principle of sustainability refers to

• Honesty in business

• Concern for future

• Good relations with others

Business is solely concerned with production of goods

• Yes

• No

One of the characteristics of Business organisation is limited liability of its owners

• Yes

• No

Business organisation exist solely for their own profit and not for social welfare

• True

• False

To be effective, managers need

• Technical skills
• Interperonal skills
• Conceptual Skills
• All of the above

The people who work to produce goods and services are known as

• Capital
• Human Resources
• Raw Materials
• Facilities