Fundamentals of Business Activities Test 12

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Fundamentals of Business Activities Test 12

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Weekly Quiz Competition

Question 1
1 / -0

The income of a profession is called ________.

A
wage

B
salary

C
fee

D
profit

Solution

Fee- a payment made to a professional person or to a professional or public body in exchange for advice or services
Question 2
1 / -0

As per Maslow's Hierarchy of needs theory, the need for fulfilment, for realizing one's own potential, and for fully one's talents capabilities are examples of ____________ needs.

A
Self-actualization

B
Psychological

C
Social

D
Environmental

Solution

Self-actualization needs are realized after satisfying all the other needs if we go in an hierarchical way. These needs make you realize your true potential and how you can develop yourself by actualizing the situation all round you through your potential.
Question 3
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Which of the following occupations or services of specialized nature are provided with a fee?

A
Employment

B
Business

C
Profession

D
Farming

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 4
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All professions are based on ____________.

A
knowledge

B
creativity

C
practice

D
all of the above
Question 5
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Which of the following is not a business activity?

A
A housewife selling old newspapers

B
A person selling vegetables in your locality

C
A teacher teaching his daughter at home

D
A painter painting houses of others

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
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Scholars belonging to _____ feel that study of management should be based on interpersonal relations.

A
Empirical Approach

B
Group Behaviour Approach

C
Interpersonal Behaviour Approach

D
Decision Theory Approach

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

Which of the following is not a regulatory body?

A
SEBI

B
RBI

C
CCI

D
SIDBI
Question 8
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What is the second stage of socialisation process?

A
Metamorphosis stage

B
Pre-arrival stage

C
Outcome

D
Encounter stage
Question 9
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The purposes of business that goes beyond earning profits _____.

A
Offering better quality of life

B
Contributing to the economic growth of the country

C
Creating job opportunities

D
All of above

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 10
1 / -0

SBU stands for ___________.

A
Social Business Unit

B
Strategic Business Unit

C
Social Bold Unit

D
Strategic Bold Unit

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.

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Re-Attempt Weekly Quiz Competition

Fundamentals of Business Activities Test 12

Result

Fundamentals of Business Activities Test 12

Score

-

Rank

-

SHARING IS CARING

Question 1

wage

salary

fee

profit

Solution

Question 2

Self-actualization

Psychological

Social

Environmental

Solution

Question 3

Employment

Business

Profession

Farming

Solution

Question 4

knowledge

creativity

practice

all of the above

Question 5

A housewife selling old newspapers

A person selling vegetables in your locality

A teacher teaching his daughter at home

A painter painting houses of others

Solution

Question 6

Empirical Approach

Group Behaviour Approach

Interpersonal Behaviour Approach

Decision Theory Approach

Solution

Question 7

SEBI

RBI

CCI

SIDBI

Question 8

Metamorphosis stage

Pre-arrival stage

Outcome

Encounter stage

Question 9

Offering better quality of life

Contributing to the economic growth of the country

Creating job opportunities

All of above

Solution

Question 10

Social Business Unit

Strategic Business Unit

Social Bold Unit

Strategic Bold Unit

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

-

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