Answered

Find expert advice and community support for all your questions on IDNLearn.com. Our community is here to provide the comprehensive and accurate answers you need to make informed decisions.

6. State with reasons whether the following statements are 'True' or 'False':

a) Employment involves greater risk than business.
b) Earning profits is the sole objective of business.
c) Employment is an economic activity.
d) A business activity may be without a profit motive.
e) Risk is an essential element of every business activity.

Sagot :

GinnyAnsweridn

Final answer:

Explanation of statements related to business, employment, profits, and risk.


Explanation:

True or False Statements:

  1. a) Employment involves greater risk than business: False. Business involves more risk as it often requires investing capital, dealing with uncertainties in the market, and facing potential losses.
  2. b) Earning profits is the sole objective of business: False. While making a profit is crucial for a business's sustainability, other objectives like providing value to customers, growth, and social responsibility are also important.
  3. c) Employment is an economic activity: True. Employment involves the exchange of labor for wages, making it an essential economic activity in any society.
  4. d) A business activity may be without a profit motive: True. Some businesses, like non-profit organizations, may not operate with the primary goal of making profits.
  5. e) Risk is an essential element of every business activity: True. Risk is inherent in business due to market uncertainties, competition, and other factors that impact the success and sustainability of a business.

Learn more about Business statements analysis here:

https://brainly.com/question/38451164


We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Thank you for trusting IDNLearn.com with your questions. Visit us again for clear, concise, and accurate answers.