Self Studies
Self Studies
Self Studies
Self Studies

Business, Trade and Commerce Test 2

Result Self Studies

Business, Trade and Commerce Test 2
  • Score

    -

    out of -
  • Rank

    -

    out of -
TIME Taken - -
Self Studies

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Self Studies Self Studies
Weekly Quiz Competition
  • Question 1
    1 / -0
    Human Resource Management (HRM) is that part of management which is?
    Solution
    Human Resource Management is that part of the process of management specifically concerned with the people at work and with their relationship with an enterprise. It is a management process which develops and manages human elements of the enterprise. 
  • Question 2
    1 / -0
    There is no difference between Human Resource Management & Personnel Management.
    Solution
    There is no difference between Human Resource Management & Personnel Management-this is a false statement.Human resource management is a part of management process which develops and manages human elements of the enterprise.Large organizations prefer to have a separate department to carry out staffing function. This department is known as personnel management department.
  • Question 3
    1 / -0
    ____________ includes the production, purchase, sale and distribution of goods or services with the main objective of earning profit.
    Solution
    Business refers to those economic activities which are connected with the production, purchase, sale, or distribution of goods and services with the main objective of earning profit. Example:- fishing, mining, farming, manufacturing, etc. 
  • Question 4
    1 / -0
    Which cause of risk is associated with earthquakes?
    Solution
    Nature is an independent phenomenon on which human beings have no control. Natural calamities like earthquakes affect a business a lot and can result in heavy losses. Natural causes are such types of uncertain factors that human beings cannot be prepared for in advance.
  • Question 5
    1 / -0
    Which of the following cannot be considered as an auxiliary to trade?
    Solution
    The common auxiliaries or aids to trade are:-
    1. Transport and communication 
    2. Banking and finance 
    3. Insurance 
    4. Warehousing 
    5. Advertising 
  • Question 6
    1 / -0
    Which of the following is not associated with business?
    Solution

    Following are the main characteristics of a business:-

    1. An economic activity 
    2. Production or procurement of goods and services
    3. Sales or exchange of goods and services for the satisfaction of human needs 
    4. Dealing in goods and services regularly
    5. Profit earning 
    6. Uncertainty of return and risk 

  • Question 7
    1 / -0
    Secondary industries are classified into _____________ and ____________.
    Solution

    The secondary industry makes use of the products which are extracted and produced by the primary industry, as their raw material to make finished products. For example- mining of iron ore is done in the primary industry but steel manufacturing is done in the secondary industry. There are two kinds of secondary industry:

    1. Manufacturing industries 
    2. Construction industries 

  • Question 8
    1 / -0
    M/s Krishna's business provide warehousing service to the farmers so they can sell their produce throughout the year. Such service falls under ___________________ industry.
    Solution
    The tertiary industry is concerned with providing services that facilitate and ensure smooth flow of goods and services in the market. For example - warehousing, insurance, banking, etc.
  • Question 9
    1 / -0
    Identify the type of economic activity which is subject to the code of conduct laid down by the professional bodies.
    Solution
    Profession refers to the activities which require special knowledge and skill to be applied by an individual in his work to earn a living. These activities are subject to guidelines or codes of conduct laid down by professional bodies. The people who are engaged in the profession are known as professionals.
  • Question 10
    1 / -0
    What is the name of the service that educates consumers about a new product?
    Solution
    It is practically difficult for a manufacturer or trader to contact every single customer. Advertisement aids in the resolution of this issue. The purpose of advertising goods & services is to educate consumers about their uses, quality, and costs. Consumers become aware of different things and their usage as a result of advertisements.
Self Studies
User
Question Analysis

  • Correct -

  • Wrong -

  • Skipped -

My Perfomance
  • Score

    -

    out of -
  • Rank

    -

    out of -
Re-Attempt Weekly Quiz Competition
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now