Multiple Choice Questions 1. Which of the following does not - TopicsExpress

Multiple Choice Questions 1. Which of the following does not characterize business activity? (a) Production of goods & services (b) Presence of risk (c) Sale or exchange of goods and services (d) Salary and wages 2. Which of the broad categories of industries covers oil refinery and sugar mills? (a) Primary (b) Secondary (c) Tertiary 3. The occupation in which people work for others and get remunerated in return is known as (a) Business (b) Profession (c) Employment (d) None of these 4. Which of the following cannot be classified as an auxiliary to trade? (a) Mining (b) Insurance (c) Warehousing (d) Transport 5. The industries which provide support services to other industries are known as (a) Primary industries (b) Secondary industries (c) Commercial industries (d) Tertiary industries 6. Which of the following cannot be classified as an objective of business? (a) Investment (b) Productivity (c) Innovation (d) Profit earning 7. Business risk is not likely to arise due to (a) Changes in government policy (b) Good management (c) Employee dishonesty (d) Power failure

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