10 Questions
Define the concept of commerce and business.
Commerce and business refer to the activities involved in the production, exchange, and distribution of goods and services for profit.
What are the different types of economic activities?
The different types of economic activities include business, profession, and employment.
What is the role of profit in business?
Profit is the main objective of business, as it ensures the sustainability and growth of the organization.
Differentiate between industry and commerce.
Industry refers to the production of goods, while commerce involves the buying and selling of goods and services.
Explain the difference between economic and non-economic activities.
Economic activities are those that involve the production, distribution, and consumption of goods and services, while non-economic activities do not generate any income or contribute to the economy.
True or false: Economic activities include both business and profession.
True
True or false: Employment is a type of economic activity.
True
True or false: Non-economic activities are performed without any motive of earning money.
True
True or false: Industry is a type of business activity.
True
True or false: Commerce includes activities related to buying and selling of goods and services.
True
Test your knowledge on the Introduction of Commerce and Business, including topics such as non-economic activities, economic activities, business objectives, and the role of profit in business. This quiz will also cover the classification of business activities, including industry and commerce. Challenge yourself and see how well you understand these fundamental concepts in commerce and business.
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