Podcast
Questions and Answers
What are the two broad categories under which business activities are classified?
What are the two broad categories under which business activities are classified?
- Industry and Commerce (correct)
- Sales and Marketing
- Public and Private
- Services and Production
Which term refers to the uncertainties that may result in loss for a business?
Which term refers to the uncertainties that may result in loss for a business?
- Business Objectives
- Business Risks (correct)
- Business Ventures
- Business Investments
What are the possible causes of Business Risks according to the text?
What are the possible causes of Business Risks according to the text?
- Natural, Human, Economic (correct)
- Physical, Virtual, Emotional
- Political, Social, Technological
- Local, National, International
In the context of business, what do we refer to by 'objective'?
In the context of business, what do we refer to by 'objective'?
What is the difference between business and profession as highlighted in the text?
What is the difference between business and profession as highlighted in the text?
Which term refers to the basic requirements needed to initiate a business?
Which term refers to the basic requirements needed to initiate a business?
Discuss the characteristics that help in identifying the nature of business.
Discuss the characteristics that help in identifying the nature of business.
Explain the differences between industry and commerce.
Explain the differences between industry and commerce.
What are the multiple objectives of a business?
What are the multiple objectives of a business?
Describe the types of business risks and their characteristics.
Describe the types of business risks and their characteristics.
Explain the causes of business risks with examples.
Explain the causes of business risks with examples.
Discuss the methods businesses can use to deal with risks.
Discuss the methods businesses can use to deal with risks.