Question # 1

A person who deals in ready made item is:

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Manufacturer

Worker

Trader

Distributor

A business takes into account the following activities:

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Economic

Non-economic

Social

None of these

Economic activity which gives:

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Predetermined income

Fixed income

Both (a) and (b)

None of these

Economic activities mean:

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Business

Business and profession

Business, profession and employment

None of the above

If any person gets income on the basis of knowledge and skill then it is:

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Business

Economic activity

Profession

Trade

What does a business organization mean:

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Sole tradeship

Partnership

Joint stock company

All the above

Human activities consist of following activities:

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Un-commended

Commanded

Commanded and un-commanded

None of the above

The businessman is:

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A trader

A producer

A distributor

A trader, producer and distributor

What does a business organization mean

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Sole tradership

Partnership

Joint stock company

All the above

A business takes into account the following activities

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Economic

Non-economic

Social

None of these

Income from business is called:

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Profit

Interest

Satisfaction

Utility

A person who deals in ready made items is

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Manufacturer

Worker

Trader

Distributor

Income from business is called

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Profit

Interest

Satisfaction

Utility

In order of determine the size of a business we consider:

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The availability of the capital

The demand of the goods

The capacity of production

All the above

Which factor plays an important role in improving the standard of living of the people and economic development

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Trade

Industry

Commerce

All the above

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Principle of Commerce Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers

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