Unit-1 Business Nature and Purpose
Unit-1 Business Nature and Purpose Very Short Answer Type Questions (01 Mark) Answer in one word/one sentence Q.No.1The reward received for taking a skin called- Answer - A reward a businessman receives after bearing the risk of the business is known as profit . Q.No.2The activities which are done to earn income are called- Answer - An activity which results in the generation of income or money is called an economic activity . Q.No.3What is the treatment by a doctor in a hospital called? Answer - The treatment that a doctor provides in a hospital is called a medical procedure or therapy Q.No.4What are the Activities not done for the purpose of earning money called? Answer - Activities that are not done for the purpose of earning money are called non-economic activities. Q.No.5What are the Activities done for the purpose of earning money called? Answer - Activities done to earn money are called economic activities. S...