Every business is expected to make best use of its __________.
Market
Scarce Resource
Innovation
None of these
What has developed on a large scale in trade, industry and service sector, since independence?
Public enterprise
Private enterprise
Both of these
A Chartered Accountant preparing his own accounts is incuded in which type of activity?
Economic activity
Non-economic activity
Profession
Employment
___________ prescribed by the body professional is to be followed in case of profession.
Profit Margin
Rules
Code of conduct
What is a popular method of protection against many types of risks?
Profit making
Social Welfare
Insurance
Adopting new technology
_____________ implies responsibility of business to serve the best interests of society.
Business Activity
Economic objective
Ethical objective
Social objective
Which of the following is one of the essential characteristics of business?
Sale or exchange of the goods and services.
Consideration
Hiring
Financing
Housewife, cooking food for her family is an example of.
What are expected to maintain and improve the efficiency of employees and thereby raise the profitability of business?
Profit
Welfare Amenities
Production
What are the economic objectives of business?
Earning profit and market standing
Social welfare and consumer satisfaction
Generating Employment and charitable activities
Employees welfare and increase in production
