A Chartered Accountant preparing his own accounts is:
Economic activity
Non-economic activity
Both of these
None of these
What collectively constitutes the market?
Owner
Employee
Society
Businessman
Name one of the basic functions of business which is a specialized activity that encompasses the entire business.
Profession
Employment
Innovation
Marketing
What are expected to maintain and improve the efficiency of employees and thereby raise the profitability of business?
Profit
Welfare Amenities
Production
Unexpected situation beyond the control of businessman resulting in losses are known as:
Risk
Competition
Net Loss
What is invariably regarded as an indicator of the quality of performance of those who manage the business?
Investment
Risk bearing
Capital
No business can exist without:
An agent
A customer
A supervisor
A manager
Capital investment is not at all required for:
Business
Indusrty
Business by dealing in goods and service does not necessarily become a business unless it has a:
Professional
Agent
Customer
Dealing in goods and services on a regular basis is an important feature of:
Occupation
