Business Studies Quiz - Nature and Purpose of Business
Ready to take the quiz?
Test takers will enter name and email before starting.
Preview questions
1. What is the primary objective of business?
To create employment · To earn profit · To provide services · To promote social welfare
2. Which of the following is NOT a characteristic of business?
Continuous process · Risk-bearing · Profit maximization · Guaranteed returns
3. What type of business involves the production of goods?
Service business · Manufacturing business · Trading business · Consulting business
4. Which of the following best describes 'business risk'?
The chance of loss · The chance of profit · The chance of success · The chance of market expansion
5. Which term refers to the activities that are undertaken to satisfy human wants?
Business · Economics · Commerce · Trade
Related quizzes
View all Business StudiesBusiness Studies Quiz - Private, Public and Global Enterprises
Private, Public and Global Enterprises
Business Studies Quiz - Private, Public and Global Enterprises
Private, Public and Global Enterprises
Internal Trade Quiz - Class XI Business Studies
Internal Trade
Sources of Business Finance - Class XI Quiz
Sources of Business Finance
International Business Quiz - Class XI
International Business
Internal Trade Quiz - Class XI Business Studies
Internal Trade