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Karnataka PUC I Nature and Forms of Business Organisations — practice questions — page 2

Explore 50 free Nature and Forms of Business Organisations questions in Karnataka PUC I Business Studies. Open each question or exercise to read its content, reference answers and available explanation.

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Nature and Forms of Business Organisations questions and exercises with answers

Showing questions 31–50 of 50.

Risk in business is best described as the uncertainty associated with:Read the answer and worked solution →Which of these is a cause of business risk?Read the answer and worked solution →The reward earned in a profession is called a:Read the answer and worked solution →A doctor must hold membership of a professional body and a certificate of:Read the answer and worked solution →Transfer of interest to another person is possible in which of the three economic activities?Read the answer and worked solution →Business activities are broadly classified into which two categories?Read the answer and worked solution →A firm that mines iron ore belongs to which kind of industry?Read the answer and worked solution →A poultry farm that breeds birds for further reproduction is an example of a:Read the answer and worked solution →Manufacturing steel from raw iron is which kind of industry?Read the answer and worked solution →An oil refinery that separates different elements from the same material is a:Read the answer and worked solution →A cement plant that combines various ingredients into a new product is a:Read the answer and worked solution →Sugar and paper are made through successive stages, which makes them examples of a:Read the answer and worked solution →A plant that joins component parts to make televisions and cars is an:Read the answer and worked solution →Building dams, bridges and roads falls under which industry?Read the answer and worked solution →Transport, banking, insurance and warehousing belong to which industry group?Read the answer and worked solution →Commerce is made up of trade together with:Read the answer and worked solution →Catch the business traitsRead the answer and worked solution →Pop the primary industriesRead the answer and worked solution →Run the industry ladderRead the answer and worked solution →Slice the industry wordsRead the answer and worked solution →

Worked practice questions

Risk in business is best described as the uncertainty associated with:

  1. Exposure to loss
  2. Exposure to light
  3. Exposure to noise
  4. Exposure to heat
Show answer and solution

Correct answer: A. Exposure to loss

1. It comes from unfavourable events. 2. Fire, theft and strikes are examples. 3. Risk is uncertainty of exposure to loss. _Source: syllabus Business Studies, Chapter 1, Business, Trade and Commerce._

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Which of these is a cause of business risk?

  1. Change in alphabet
  2. Change in fashion
  3. Change in weekday
  4. Change in postage
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Correct answer: B. Change in fashion

1. Risk comes from undesirable events. 2. Consumer taste can shift away from a product. 3. Change in fashion is a business risk. _Source: syllabus Business Studies, Chapter 1, Business, Trade and Commerce._

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The reward earned in a profession is called a:

  1. Monthly salary
  2. Yearly bonus
  3. Professional fee
  4. Trading profit
Show answer and solution

Correct answer: C. Professional fee

1. Business earns profit and employment earns pay. 2. A profession charges for expert service. 3. The reward is a professional fee. _Source: syllabus Business Studies, Chapter 1, Business, Trade and Commerce._

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