Question 11 of 31
Q.Normally high level risk is involved in :
(a) Industry
(b) Commerce
(c) Trade
(d) All of the above
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2020MCQ· 1mImportance★★★★★
35% · 11/31 Questions
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Start your 14-day free trial to unlock the full solution →The correct answer is (a) Industry. Industry, being concerned with production, carries the highest level of risk.
In the Tamil Nadu HSC Commerce syllabus, business activity is broadly divided into industry (production) and commerce (distribution, which includes trade and aids to trade):
- Industry involves converting raw materials into finished goods. It needs heavy capital investment in land, machinery and materials, and a long gestation period before returns are realised. Changes in technology, demand or prices during this period expose industry to the highest risk. Hence (a) is correct. …
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