Podcast Beta
Questions and Answers
What are the two broad categories under which business activities are classified?
Which term refers to the uncertainties that may result in loss for a business?
What are the possible causes of Business Risks according to the text?
In the context of business, what do we refer to by 'objective'?
Signup and view all the answers
What is the difference between business and profession as highlighted in the text?
Signup and view all the answers
Which term refers to the basic requirements needed to initiate a business?
Signup and view all the answers
Discuss the characteristics that help in identifying the nature of business.
Signup and view all the answers
Explain the differences between industry and commerce.
Signup and view all the answers
What are the multiple objectives of a business?
Signup and view all the answers
Describe the types of business risks and their characteristics.
Signup and view all the answers
Explain the causes of business risks with examples.
Signup and view all the answers
Discuss the methods businesses can use to deal with risks.
Signup and view all the answers