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Introduction to Indian Commercial Organization Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Which type of aid to trade is focused on helping consumers learn more about a product?

Question 2 2. Which area of business activities is focused on facilitating the selling of goods?

Question 3 3. How are the areas of business activities (industry, commerce and trade) related?

Question 4 4. Business activities, at their foundation, are concerned with what?

Question 5 5. How are industries classified?

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Question 6 6. How do business objectives differ from goals?

Question 7 7. Profits in a business are _____ of a business.

Question 8 8. How can an owner contribute to the human objectives of its business?

Question 9 9. Economic business goals could be related to all of the following areas EXCEPT which?

Question 10 10. Business objectives such as producing high-quality goods and the protection and cleanliness of business facilities and the environment apply to which category of objectives?

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Question 11 11. Which of these would be considered an economic activity?

Question 12 12. How are economic activities different from non-economic activities?

Question 13 13. An person seeking employment receives their duties assigned by the _____.

Question 14 14. Which of these scenarios represents a non-economic activity?

Question 15 15. Which of these is a specific requirement in a profession?

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Question 16 16. Which sector of the economy provides the goods and services to businesses and consumers?

Question 17 17. Which sector of the economy removes or harvests products directly from the earth in order to extract raw materials or food?

Question 18 18. Which sector of the economy takes raw materials from the primary sector and manufactures them into goods?

Question 19 19. The secondary sector is the second step on the path from earth to the consumer; all of the following are examples of the secondary sector except

Question 20 20. Why is the service industry a part of the tertiary sector rather than the secondary sector?

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Question 21 21. _____ is the process of exchanging products and services.

Question 22 22. With this aid to trade, a business can tell more potential customers about its product or service offerings.

Question 23 23. Which of the following describes best why commerce is important?

Question 24 24. Which of the following is NOT an aid to trade?

Question 25 25. Which of the following best describes the concept of industry in the world of commerce?

Introduction to Indian Commercial Organization Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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