Business and Commerce mcqs

✅ The correct answer is A.
Non-economic activities aim at social service. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain. Social or psychological, i.e. out of love, affection, etc.

✅ The correct answer is A.
Listing machine type of adding machine provides a printed record. Under this machine, the grand total of all entries is printed on a sheet of paper after the recording of all entries are over. Thus it gives a printed record of the items and its total.

✅ The correct answer is A.
Issue of equity shares is not use for medium term financing. Financing is the process of providing funds for business activities, making purchases or investing. Financial institutions such as banks are in the business of providing capital to businesses, consumers, and investors to help them achieve their goals.

✅ The correct answer is C.
The Era of Scientific management is 1880 – 1932.

✅ The correct answer is A.

✅ The correct answer is A.
Classification means a method of filing while indexing. On the other hand, means the method used for making reference to the records filed.

✅ The correct answer is B.
The principle of prevention is better than cure refers to Avoiding of risk.

✅ The correct answer is C.
Co-operative and public companies are similar in respect of the maximum number of members.

✅ The correct answer is B.
Localized materials are available at certain places.

✅ The correct answer is A.
Dividends are payable to the Share holders. Dividends payable are dividends that a company’s board of directors has declared to be payable to its shareholders. Until such time as the company actually pays the shareholders, the cash amount of the dividend is recorded within a dividends payable account as a current liability.