{"id":10262,"date":"2024-03-19T10:19:28","date_gmt":"2024-03-19T04:49:28","guid":{"rendered":"https:\/\/wordpress-505192-1602719.cloudwaysapps.com\/?p=10262"},"modified":"2024-03-19T17:09:24","modified_gmt":"2024-03-19T11:39:24","slug":"samacheer-kalvi-11th-commerce-solutions-chapter-2","status":"publish","type":"post","link":"https:\/\/samacheerguru.com\/samacheer-kalvi-11th-commerce-solutions-chapter-2\/","title":{"rendered":"Samacheer Kalvi 11th Commerce Solutions Chapter 2 Objectives of Business"},"content":{"rendered":"

Download Samacheer Kalvi Class 11th Commerce Solutions Chapter 2 Objectives of Business Questions and Answers from this page for free of cost. We have compiled the Samacheer Kalvi 11th Commerce Book Solutions<\/a> Chapter 2 Objectives of Business solutions for all topics in a comprehensive way to support students who are preparing effectively for the exam. You will discover both numerical and descriptive answers for all Chapter 2 Objectives of Business concepts in this Samacheer Kalvi Commerce Solutions Solutions pdf. Make use of this perfect guide and score good marks in the exam along with strong subject knowledge.<\/p>\n

Samacheer Kalvi 11th Commerce Solutions Chapter 2 Objectives of Business<\/h2>\n

Candidates who are looking for Commerce Solutions Chapter 2 Objectives of Business topics can get them all in one place ie., from Samacheer Kalvi Class 11th Commerce Solutions Chapter 2 Objectives of Business. Just click on the links prevailing over here & prepare all respective concepts of Commerce Solutions properly. By viewing\/practicing all Samacheer Kalvi Class 11th Commerce Solutions Chapter 2 Objectives of Business Questions and Answers, you can clear any kind of examinations easily with best scores.<\/p>\n

Samacheer Kalvi 11th Commerce Objectives of Business Textbook Exercise Questions and Answers<\/h3>\n

I. Choose the Correct Answer<\/span><\/p>\n

Question 1.
\nThe Primary objective of a business is …………………….
\n(a) Making Profit
\n(b) Not Making Profit
\n(c) Special skill
\n(d) None of the above
\nAnswer:
\n(a) Making Profit<\/p>\n

Question 2.
\nOccupation of a Doctor is …………………….
\n(a) Employment
\n(b) Business
\n(c) Profession
\n(d) Sole Proprietor
\nAnswer:
\n(c) Profession<\/p>\n

Question 3.
\nThe following does not characterize business activity?
\n(a) Production of goods and services
\n(b) Presence of Risk
\n(c) Sale or exchange of goods and services
\n(d) Salary or wages
\nAnswer:
\n(d) Salary or wages<\/p>\n

Question 4.
\nActivities undertaken out of love and affection or with social service motive are termed as …………………….
\n(a) Economic activities
\n(b) Monetary activities
\n(c) Non Economic Activities
\n(d) Financial Activities
\nAnswer:
\n(c) Non Economic Activities<\/p>\n

II. Very Short Answer Questions<\/span><\/p>\n

Question 1.
\nDefine Economic Activities.
\nAnswer:
\nEconomic activities are those activities which are undertaken to earn money or financial gain for livelihood.<\/p>\n

Question 2.
\nWhat do you mean by Business?
\nAnswer:
\nBusiness refers to any human activity undertaken on a regular basis with the object to earn profit through production, distribution, sale or purchase of goods and services.<\/p>\n

Question 3.
\nDefine Profession.
\nAnswer:
\nProfessions are those occupations which involves rendering of personal services of a special and expert nature. A profession is something which is more than a job. It is a career for someone who is competent in their respective areas.<\/p>\n

Question 4.
\nWhat do you mean by Employment?
\nAnswer:
\nIt refers to the occupation in which people work for others and get remuneration in the form of vvage.s or salaries.<\/p>\n

III. Short Answer Questions<\/span><\/p>\n

Question 1.
\nWhat do you mean by human activities? Explain.
\nAnswer:
\nHuman activity is an activity performed by a human being to meet his\/her needs and wants or may be for personal satisfaction. Human activities can be categorized into economic and non – economic activities.<\/p>\n

Question 2.
\nWrite short notes on:<\/p>\n

    \n
  1. Business<\/li>\n
  2. Profession<\/li>\n<\/ol>\n

    Answer:
    \n1.Business refers to any human activity undertaken on a regular basis with the object to earn profit through production, distribution, sale or purchase of goods and services.<\/p>\n

    2. Professions are those occupations which involves rendering of personal services of a special and expert nature. A profession is something which is more than a job. It is a career for someone who is competent in their respective areas.<\/p>\n

    Question 3.
    \nExplain the concept of \u2018Business\u2019.
    \nAnswer:
    \nBusiness refers to any human activity undertaken on a regular, basis with the object to earn profit through production, distribution, sale or purchase of goods and services. Business activities are connected with raising, producing or processing of goods. Industry creates form utility to goods by bringing materials into the form which is useful for intermediate consumption or final consumption by consumers.<\/p>\n

    Question 4.
    \nBriefly state the human objectives of a business.
    \nAnswer:
    \nHuman objectives refer to the objectives aimed at the well – being as well as fulfillment of expectations of employees as also of people who are disabled, handicapped and deprived of proper education and training. The human objectives of business may thus include economic well – being of the employees, social and psychological satisfaction of employees and development of human resources.<\/p>\n

    IV. Long Answer Questions<\/span><\/p>\n

    Question 1.
    \nExplain the characteristics of Business.
    \nAnswer:
    \n1. Production or Procurement of Goods : Goods must be produced or procured in order to satisfy human wants.<\/p>\n

    2. Sale, Transfer or Exchange : There must be sale or exchange of goods or services. When a person weaves cloth for his personal consumption, it is not business because there is no transfer or sale.<\/p>\n

    3. Dealing in Goods and Services : Goods produced or procured may be consumer goods like cloth, pen, brush, bag etc., or producer-goods like plant and machinery. Services refer to activities like supply of electricity, gas or water, transportation, banking, insurance etc.<\/p>\n

    4. Regularity of Dealings : An isolated dealing in buying and selling does not constitute business. The transactions must be regular.<\/p>\n

    5. Profit Motive : An important feature of business is profit motive. Business is an economic activity by which human beings make their living.<\/p>\n

    6. Element of Risk : The profit that is expected in a business is always uncertain because it depends upon a number of factors beyond the control of the businessman.<\/p>\n

    Question 2.
    \nCompare business with profession and employment.
    \nAnswer:
    \n\"Samacheer<\/p>\n

    Question 3.
    \nDiscuss any five objectives of business.
    \nAnswer:
    \n1. Economic Objectives:
    \nEconomic objectives of business refer to the objective of earning profit and also other objectives that are necessary to be pursued to achieve the profit objective, which includes creation of customers, regular innovations and best possible use of available resources.<\/p>\n

    2. Social Objectives:
    \nSocial objective are those objectives of business, which are desired to be achieved for the benefit of the society. Since business operates in a society by utilizing its scarce resources, the society expects something in return for its welfare.<\/p>\n

    3. Organizational Objectives:
    \nThe organizational objectives denote those objectives an organization intends to accomplish during the course of its existence in the economy like expansion and modernization, supply of quality goods to consumers, customers\u2019 satisfaction, etc.<\/p>\n

    4. Human Objectives:
    \nHuman objectives refer to the objectives aimed at the well – being as well as fulfillment of expectations of employees as also of people who are disabled, handicapped and deprived of proper education and training.<\/p>\n

    The human objectives of business may thus include economic well – being of the employees, social and psychological satisfaction of employees and development of human resources.<\/p>\n

    5. National Objectives:
    \nBeing an important part of the country, every business must have the objective of fulfilling national goals and aspirations.<\/p>\n

    Question 4.
    \nDistinguish between economic and non – economic activity.
    \nAnswer:
    \n\"Samacheer<\/p>\n

    Samacheer Kalvi 12th Commerce Objectives of Business Additional Questions and Answers<\/h3>\n

    I. Choose the Correct Answer:<\/span><\/p>\n

    Question 1.
    \nActivities undertaken with the object of earning money are called ……………..
    \na) Economic Activities
    \nb) Non-Economic Activities
    \nc) Business Activities
    \nd) Financial Activities
    \nAnswer:
    \na) Economic Activities<\/p>\n

    Question 2.
    \nActivities undertaken with the object of earning money are called …………….. activities.
    \n(a) Economic
    \n(b) Non – economic
    \n(c) Financial
    \n(d) Money
    \nAnswer:
    \n(a) Economic<\/p>\n

    Question 3.
    \nActivities undertaken to satisfy social and psychological needs are called ……………
    \na) Economic Activities
    \nb) Non-Economic Activities
    \nc) Marketing Activities
    \nd) Selling Activities
    \nAnswer:
    \nb) Non-Economic Activities<\/p>\n

    Question 4.
    \nA Systematic body of knowledge is the basic requirement of ……………..
    \na) Employment
    \nb) Job
    \nc) Business
    \nd) Profession
    \nAnswer:
    \nd) Profession<\/p>\n

    Question 5.
    \nThe primary objective of a business is ……………
    \na) Making Profit
    \nb) Not Making Profit
    \nc) Special skill
    \nd) None of the above
    \nAnswer:
    \na) Making Profit<\/p>\n

    Question 6.
    \nOccupation of a Doctor is …………..
    \na) Employment
    \nb) Business
    \nc) Profession
    \nd) Sole proprietor
    \nAnswer:
    \nd) Sole proprietor<\/p>\n

    Question 7.
    \nThe following does not characterize business activity …………………….
    \na) Production of goods and services
    \nb) Presence of Risk
    \nc) Sale or exchange of goods and services
    \nd) Salary or wages
    \nAnswer:
    \nc) Sale or exchange of goods and services<\/p>\n

    II. Very Short Answer Questions<\/span><\/p>\n

    Question 1.
    \nWhat do you mean by Non-Economic Activities?
    \nAnswer:
    \nActivities undertaken to satisfy social and psychological needs are called non-economic activities. E.g: Cooking food for the family. Doing meditation, Celebrating festivals.<\/p>\n

    Question 2.
    \nHow many types of occupations are there?
    \nAnswer:<\/p>\n

      \n
    1. Employment<\/li>\n
    2. Profession<\/li>\n
    3. Business<\/li>\n<\/ol>\n

      Question 3.
      \nWhat is the National objective of a business?
      \nAnswer:
      \nThe goal of the country may be to provide employment opportunities to its citizen, earn revenue for its exchequer, become self\u00acsufficient in the production of goods and services, promote social justice, etc. Business activities should be conducted keeping these goals of the country in mind, which is known as the national objective of the business.<\/p>\n

      Question 4.
      \nWhat is Public Enterprises?
      \nAnswer:
      \nAn enterprise is said to be a public enterprise where it is owned, managed, and controlled by the Government or any of its agencies or both.<\/p>\n

      Question 5.
      \nWhat do you mean by small-scale business?
      \nAnswer:
      \nThe units which require less capital, employ a small number of workers, and produce the goods on small scale is known as Small Scale business.
      \nE.g: Extraction of edible oil from seeds like groundnut, sesame, etc.<\/p>\n

      III. Short Answer Questions<\/span><\/p>\n

      Question 1.
      \nGive three examples of Economic Activities.
      \nAnswer:<\/p>\n

        \n
      1. Production of goods by the manufacturer<\/li>\n
      2. Distribution of goods by a wholesaler<\/li>\n
      3. Selling by retailers<\/li>\n<\/ol>\n

        Question 2.
        \nExplain the Types of Economic Activities.
        \nAnswer:
        \nEconomic activities are undertaken to earn money. Generally, people engage themselves in such activities on a regular basis and are said to be engaged in their occupation. Occupations may be classified into three categories based on the following:
        \nEmployment, Profession, Business<\/p>\n

        Employment:
        \nIt refers to the occupation in which people work for others and get remuneration in the form of wages or salaries. The one who is employed by others are called employees and the one who employs others is called employer. Managers, Clerks, Bank officials, Factory workers, etc., are examples of employees.<\/p>\n

        Profession:
        \nProfessions are those occupations that involve rendering of personal services of a special and expert nature. A profession is something which is more than a job. It is a career for someone who is competent in their respective areas. It includes professional activities which are subject to guidelines or codes of conduct laid down by professional bodies. Those engaged in a profession are called professionals and they earn income by charging professional fees.<\/p>\n

        Business:
        \nBusiness refers to any human activity undertaken on a regular basis with the object to earn profit through production, distribution, purchase, and sale of goods and services.<\/p>\n

        For Own Thinking\u00a0<\/span><\/p>\n

        Question 1.
        \nDo you know that there are white-collar, blue-collar, pink-collar jobs? Collect the information and discuss.
        \nAnswer:
        \nExamples:<\/p>\n

          \n
        1. White-collar jobs – managerial positions<\/li>\n
        2. Blue-collar jobs – skilled or unskilled working class, mechanics<\/li>\n
        3. Pink collar jobs- nursing, teaching, etc.<\/li>\n<\/ol>\n

          We hope this detailed article on Samacheer Kalvi Class 11th Commerce Solutions Chapter 2 Objectives of Business aids Questions and Answers. For more doubts about Samacheer Kalvi Solutions, feel free to ask in the comment section below. We will revert back to you very soon with the best possibilities. Moreover, connect with our site and get more information on State board Solutions for various classes & subjects.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Download Samacheer Kalvi Class 11th Commerce Solutions Chapter 2 Objectives of Business Questions and Answers from this page for free of cost. We have compiled the Samacheer Kalvi 11th Commerce Book Solutions Chapter 2 Objectives of Business solutions for all topics in a comprehensive way to support students who are preparing effectively for the exam. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[7],"tags":[],"blocksy_meta":"","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/samacheerguru.com\/wp-json\/wp\/v2\/posts\/10262"}],"collection":[{"href":"https:\/\/samacheerguru.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/samacheerguru.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/samacheerguru.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/samacheerguru.com\/wp-json\/wp\/v2\/comments?post=10262"}],"version-history":[{"count":1,"href":"https:\/\/samacheerguru.com\/wp-json\/wp\/v2\/posts\/10262\/revisions"}],"predecessor-version":[{"id":56007,"href":"https:\/\/samacheerguru.com\/wp-json\/wp\/v2\/posts\/10262\/revisions\/56007"}],"wp:attachment":[{"href":"https:\/\/samacheerguru.com\/wp-json\/wp\/v2\/media?parent=10262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/samacheerguru.com\/wp-json\/wp\/v2\/categories?post=10262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/samacheerguru.com\/wp-json\/wp\/v2\/tags?post=10262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}