Business Organisation Basics Quiz

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What are activities related to production, exchange, distribution, and consumption of wealth known as?

Economic Activities (correct)

Non-Economic Activities

Social Activities

Charitable Activities

Which term refers to activities requiring special knowledge and skill for a living?

Employment

Business

Profession (correct)

Trade

What are activities related to social welfare termed as?

Non-Economic Activities (correct)

Wealth-Generating Activities

Economic Activities

Profit-Oriented Activities

Which category do activities involving sentimental pleasures fall under?

Non-Economic Activities Signup and view all the answers

What are the characteristics and objectives of Business Organisation?

The characteristics of Business Organisation include activities related to production, exchange, distribution, and consumption of wealth. The objectives of Business Organisation are to generate income, produce goods for consumption, and contribute to economic activities. Signup and view all the answers

What are activities related to the production of goods for consumption or income generation termed as?

Business Signup and view all the answers

What are the types of economic activities mentioned in the text?

The types of economic activities mentioned in the text are profession, employment, and business. Signup and view all the answers

Define non-economic activities and provide examples.

Non-economic activities are human activities related to social welfare and sentimental pleasures. Examples include social activities, charity work, and activities aimed at satisfying sentimental pleasures. Signup and view all the answers

What is the evolution of Business Organisation as mentioned in the text?

The evolution of Business Organisation refers to the historical development and changes in the organization of businesses over time, adapting to new economic, social, and technological environments. Signup and view all the answers

Explain the term 'profession' as used in the text.

The term 'profession' refers to activities that require special knowledge and skills, mastered by individuals for their livelihood. Signup and view all the answers