1. .1 All those activities whose purpose is to earn profit are called:
(A) Commerce
(B) Education
(C) Business
(D) Management
2. .2 A person who manages or controls the business to earn profit is called:
(A) Entrepreneur
(B) Professional
(C) Laborer
(D) Doctor
3. .3 The basic goal/purpose of a business is:
(A) To earn profit
(B) God’s consent
(C) Buy/Sell goods
(D) None
4. .4 The success of business depends upon:
(A) Administrative & technical activities
(B) Availability of raw material
(C) Better means of transportation
(D) All of these
5. .5 To decide in advance, is called:
(A) Business
(B) Business risk
(C) Planning
(D) All
6. .6 Objectives or goals of planning are:
(A) Determination of staff
(B) Determination of designation
(C) Method of leading
(D) All of these
7. .7 To become a good entrepreneur, one must have:
(A) Ability of planning
(B) Power of decision making
(C) Stability
(D) All of these
8. .8 In small business, number of employees are:
(A) Less than 10
(B) More than 10
(C) 20
(D) 30
9. .9 When we perform job without planning, its results will be:
(A) Effective
(B) Ineffective
(C) Very good
(D) All
10. .10 Short time loans time span is:
(A) More than 1 year
(B) Less than 1 year
(C) 1 to 7 years
(D) 1 to 10 years
11. .11 Loans for business can be obtained from:
(A) Bank
(B) Credit purchase
(C) By debentures
(D) All
12. .12 Due to business risks, business goes towards:
(A) Failure
(B) Success
(C) Profit
(D) All
13. .13 Reason(s) of business risks is/are:
(A) Incapable management
(B) Shortage of raw material
(C) Shortage of demand
(D) All
14. .14 Methods of reducing business risks includes:
(A) Reduction in losses
(B) Speculation
(C) Insurance
(D) All
15. .15 To select place of business, it is necessary to have:
(A) Availability of raw material
(B) Suitable atmosphere
(C) Availability of means of transportation
(D) All