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Define business. Describe its important characteristics.

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Important Questions on Business,Trade and Commerce

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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
Explain the concepts of the short run and the long run.
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
Which function of management involves developing an organizational structure and allocating human resources?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
What does a bearer debenture mean?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
What is informal communication?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
Explain the concept of a production function.
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
State the meaning of principles of management.
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
Which of the following is an example of a financial objective of management?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
What is the role of profit in business?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
What is meant by recruitment? How is it different from selection?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
What is the meaning of ‘Debentures issued as a collateral security’?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
A company is manufacturing paper plates and bowls. It produces 1,00,000 plates and bowls each day. Due to a local festival, it got an urgent order of extra 50,000 plates and bowls. Explain the method of recruitment that the company should adopt in the given circumstances to meet the order.
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
What is the law of diminishing marginal product?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
What does ‘Issue of debentures for consideration other than cash’ mean?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
What is the total product of an input?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
What is meant by a debenture?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
Which management concept ensures that each employee has only one direct supervisor?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
Explain any five objectives of business.
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
What is the meaning of business?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
What does it mean to issue debentures at a discount and redeemable at a premium?
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Business Studies>Foundations of Business>Business,Trade and Commerce>Business Activities : Characteristics and Objectives
Explain the relationship between the marginal products and the total product of an input.