1.1Organization of Commerce and Management Organization of Commerce and Management

Chapter 1 – Nature and Scope of Business

Question No.

Particulars Page No.

Q.1. What is business? What are the features/characteristics of business? 1.2

Q.2. What is profession? What are the features of profession? 1.6

Q.3. What is employment? What are the features of employment? 1.6

Q.4. What are the objectives of business? 1.9

Q.5. What is the role of profit in business? 1.12

Q.6. Explain the classification of business activities. 1.14

Q.7. What is business risk? Explain its nature and causes. 1.21

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