Business and Commerce MCQs

Question 1

_________ firm enjoys lowest average cost of production.

Accepted Answer

Optimum

Answer

Representative

Answer

Small-scale

Answer

Equilibrium

Question 2

__________ scale firms enjoy economies of scale.

Accepted Answer

Large

Answer

Complex

Answer

Medium

Answer

Small

Question 3

The primary objective of co-operative society is __________.

Accepted Answer

Service Motive

Answer

Profit

Answer

Sales Turnover

Answer

Democratic Management

Question 4

Industries are engaged in extracting and supplying products from earth ,air and water_________.

Accepted Answer

Extractive Industries

Answer

Manufacturing Industries

Answer

Genetic Industries

Answer

Assembly Industries

Question 5

Providing fair returns to investors.

Accepted Answer

Social objectives

Answer

National objectives

Answer

Economic objectives

Answer

Human objectives

Question 6

The term ________ is concerned with moral values.

Accepted Answer

Ethics

Answer

Business

Answer

Profit

Answer

Loss

Question 7

Business risks can be _________.

Accepted Answer

reduced

Answer

avoided

Answer

ignored

Answer

erased

Question 8

In case of dissolution of partnership, the business of the firm __________.

Accepted Answer

does not come to an end

Answer

comes to an end

Answer

will come to an end shortly

Answer

constitution of the firm remains unchanged

Question 9

Earning Goodwill is _________ for business ethics.

Accepted Answer

Need

Answer

Uses

Answer

merits