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Business, Trade and Commerce Test 13

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Business, Trade and Commerce Test 13
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Weekly Quiz Competition
  • Question 1
    1 / -0
    SBU stands for ___________.
    Solution
    In business, a strategic business unit is a profit center which focuses on product offering and market segment. SBUs typically have a discrete marketing plan, analysis of competition, and marketing campaign, even though they may be part of a larger business entity.
  • Question 2
    1 / -0
     ___________ is  the principle  of non-interventionof the Government in economic affairs of the country.
  • Question 3
    1 / -0
    Activities involved in physical involvement of goods from the factory to market etc. is called _____________.
    Solution

    Logistics, in the business, refers to the management of the flow of things from the point of origin to its consumption point. It is the business carried out to meet the need of customers or corporations. Thus, activities involved in the physical involvement of goods from the factory to market etc. are called logistics.

    Thus, the correct answer is A.





  • Question 4
    1 / -0
    Which of the following occupations or services of specialized nature are provided with a fee?
    Solution
    Profession is a paid occupation, especially the one that involves prolonged training and a formal qualification. Professionals charge fees for their services for example, as doctor, as lawyer, etc.
  • Question 5
    1 / -0
    Which of the following is not a business activity?
    Solution
    An activity which is done to earn profit in long run is called business activity. The activities which are listed above includes both business and non business activity :
    A housewife selling old newspapers is not a business activity as the newspapers are sold to earn extra money
    A person selling vegetables in our locality is a business activity as it is done to earn money and is a source of income .
    A teacher teaching his daughter at home is not a business activity as he is not charging tuition fees.
    A painter painting houses of others is a business activity as it is a source of income for him . 
  • Question 6
    1 / -0
    Scholars belonging to _____ feel that study of management should be based on interpersonal relations. 
    Solution
    Scholars belonging to Interpersonal Behaviour Approach feel that the study of management should be based on interpersonal relations. It is also known as the Behavioral science approach. It focuses on human relations and employees well being.
    Hence, C is the correct option.
  • Question 7
    1 / -0
    The purposes of business that goes beyond earning profits _____.
    Solution
    Profit-earning is the primary purpose of a business for its owners and stakeholders. However, it is not the sole objective of business. The purposes of business that goes beyond earning profits include offering better quality of life, contributing to the economic growth of the country, creating job opportunities, etc.
    Thus, the correct answer is D.







  • Question 8
    1 / -0
    Interpersonal Behaviour Approach also known as.
    (I) Behavioural science Approach
    (II) Leadership Approach
    (III) Human Relations Approach
    Select correct answer from the options given below :-
    Solution
    Interpersonal Behaviour Approach also known as :-
    (I) Behavioural science Approach
    (II) Leadership Approach
    (III) Human Relations Approach
    It focuses on human relations and well-being of the employees.
  • Question 9
    1 / -0
    Localisation in economics refer to ____________-.
  • Question 10
    1 / -0
    The subject matter of personnel management is?
    Solution
    The subject matter of personnel management is human being. Personnel management can be also defined as a phase of management which deals with the effective control and use of manpower or human resources.
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