Business Activities — Important Questions
ICSE · Class 9 · Commercial Studies
76 important questions from Business Activities for ICSE Class 9 Commercial Studies, with answers. Part of the ICSE Class 9 Commercial Studies syllabus.
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Important Questions from Business Activities
Which is a correct definition of business by L.H. Haney?
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Business may be defined as a human activity directed towards producing or acquiring wealth through buying and selling of goods
This is the exact definition attributed to L.H. Haney.
Which one is a characteristic of business activities?
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Sale, transfer or exchange
Business activities involve sale, transfer or exchange of goods and services for some consideration.
A single transaction cannot be called business because business involves what kind of dealings?
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Recurring purchase and sale
A single transaction is not enough. Regular and repeated dealings are a hallmark of business.
Selling an old scooter once is considered what?
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Not business
A single sale of an old scooter is not a business activity. Regular sale of scooters would be business.
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