Answered

IDNLearn.com offers a comprehensive platform for finding and sharing knowledge. Get the information you need from our experts, who provide reliable and detailed answers to all your questions.

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


Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Find clear and concise answers at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.