Question

Q9. Why should a business earn profit?
(a) To provide return to investors.
(b) To provide funds for future growth.
(c) To increase the reputation of business.
(d) All the above
Q10. Which of the following on not a true statement?
(a)The scope of commerce is narrower than business.
(b)Commerce includes trade and auxiliaries to trade.
(c) Foreign trade is purchase and sale by the traders of the same country.
(d)Traders serve as a link between producers and consumers.
Q11. The possibilities of inadequate profits or even losses due to uncertainties are known
as
(a) Business contingencies
(b) Business risks
(c) Business ventures
(d) None of these
Q 12. Which one of the following may not be a factor behind starting a business?
(a) Routine workload
(b) size of the firm
(c) finance
(d) location of the business
Q13. Name the two broad categories of business activities.
(a) ade and Commerce
(, ade and Industry
(c) Industry and Commerce
(d) None of these​

Answer 1

Answer:

9. B

10. C

11. A

12. D

13. A