Which of the following activities require special knowledge and skill to be applied by individuals in their occupation?
Specialization
Profession
Business Activity
Business
What are expected to maintain and improve the efficiency of employees and thereby raise the profitability of business?
Profit
Welfare Amenities
Production
Innovation
Among the three economic activities, for which is the element of risk absent?
Employment
None of these
Which involves performing the work assigned to him by the employer under the agreement of service?
A person cultivating vegetables and sells in the market is a _________.
What is the sum total of all the processes which are necessary for the removal of hindrances in making exchange of goods and services possible?
Trade
Commerce
Economic activity
Which of the following is one of the essential characteristics of business?
Sale or exchange of the goods and services.
Consideration
Hiring
Financing
Considered as one of the basic function of business, name a specialized activity which encompasses the entire business.
Marketing
Business objectives may be broadly classified into two. What are they?
Social, Ethical
Economic, Physiological
Economic, Social
Economic, Ethical
___________ of profits as an internal source of funds is a more dependable source of financing than external sources.
Distribution
Retention
Withdrawal