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Business Arrangements and Professional Practices Quiz

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Business Arrangements and Professional Practices Quiz

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Questions and Answers

What distinguishes employment from business?

Rendering personalized services based on specialized knowledge

Working under the rules of service (correct)

Working irregularly for variable remuneration

Engaging in the purchase and sale of goods or services

Earning profit from specialized services

What is the primary objective of business activities?

Rendering personalized services based on specialized knowledge

Providing general services without specialized knowledge

Engaging in the purchase and sale of goods or services (correct)

Working under the rules of service

Earning profit from specialized services

What is the defining characteristic of a profession?

Engaging in the purchase and sale of goods or services

Working under the rules of service

Regular work for agreed remuneration

Providing general services without specialized knowledge

Rendering personalized services based on specialized knowledge (correct)

What is the term used for the individuals engaged in a profession?

Professionals Signup and view all the answers

What is the term for the remuneration paid by the employer to the employee?

Salary or wages Signup and view all the answers

What distinguishes employment from business?

Employment involves regular work for agreed remuneration, while business focuses on profit from goods or services Signup and view all the answers

Which of the following best defines a profession?

An activity requiring specialized knowledge and skill for personalized services Signup and view all the answers

What is the primary objective of business activities?

To engage in the purchase and sale of goods or services for profit Signup and view all the answers

What is the defining characteristic of a profession?

Specialized knowledge and education Signup and view all the answers

What term is used for the individuals engaged in business activities?

Entrepreneurs Signup and view all the answers

Business Arrangements and Professional Practices Quiz

Choose a study mode

Podcast

Questions and Answers

What distinguishes employment from business?

What is the primary objective of business activities?

What is the defining characteristic of a profession?

What is the term used for the individuals engaged in a profession?

What is the term for the remuneration paid by the employer to the employee?

What distinguishes employment from business?

Which of the following best defines a profession?

What is the primary objective of business activities?

What is the defining characteristic of a profession?

What term is used for the individuals engaged in business activities?

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