What are expected to maintain and improve the efficiency of employees and thereby raise the profitability of business?
Profit
Welfare Amenities
Production
Innovation
Activities undertaken for deriving psychological satisfaction, as a social duty, or in discharge of a moral obligation are knows as:
Economic Activity.
Non-Economic Activity.
Business Activities.
Social responsibility
Name one of the essential characteristics of business.
Sale or exchange of the goods and services.
Consideration
Hiring
Remuneration
Business activities may be classified into two broad category namely:
Economic and Non-economic activity
Industry and Commerce
Industry and Banking
Profession and Employment
In a business earning profit and market standing are:
Economic objectives
Social objectives
Ethical objectives
Objectives
What is invariably regarded as an indicator of the quality of performance of those who manage the business?
Investment
Risk bearing
Capital
What refers to the occupation in which people work for others regularly and get remunerated in return?
Occupation
Employment
Profession
Service
Dealing in goods and services on a regular basis is an important feature of:
Economic activity
Business
Name one of the basic functions of business which is a specialized activity that encompasses the entire business.
Marketing
A popular method of protection against many types of risks.
Welfare
Insurance
Advertising
