The following statements given by five students related to evolution of businessAmal :- exchanging excess production with another excess production is batter systemKamal :- specialization arise due to excess of productionVimal :- Batter system is the first step of evolution of business .Raja :- Drawback of Batter system is the reason for arise of indirect production.Suresh :- the beginning of electronic business is batter systemSelect the group which consist only the correct statement(1) Amal> Kmal> Vimal (2) Amal> Vimal> Suresh(3) Amal> Kamal> Raja (4) Kamal> Vimal Raja(5) Vimal> Raja> Suresh ( .........)02) Which one is not considered as a contribution of business for the survival of economy?(1) issuing ecofriendly product(2) Innovation(3) Fulfilling changing and complex wants(4) Contributing to economic development(5) Generating employment (……)03) The combination of economic sustainable development and social sustainable development relating tosustainable development is(1) Bearable (2) Viable (3) Equitable(4) Innovation (5) Risk management ( .........)
Question
The following statements given by five students related to evolution of businessAmal :- exchanging excess production with another excess production is batter systemKamal :- specialization arise due to excess of productionVimal :- Batter system is the first step of evolution of business .Raja :- Drawback of Batter system is the reason for arise of indirect production.Suresh :- the beginning of electronic business is batter systemSelect the group which consist only the correct statement(1) Amal> Kmal> Vimal (2) Amal> Vimal> Suresh(3) Amal> Kamal> Raja (4) Kamal> Vimal Raja(5) Vimal> Raja> Suresh ( .........)02) Which one is not considered as a contribution of business for the survival of economy?(1) issuing ecofriendly product(2) Innovation(3) Fulfilling changing and complex wants(4) Contributing to economic development(5) Generating employment (……)03) The combination of economic sustainable development and social sustainable development relating tosustainable development is(1) Bearable (2) Viable (3) Equitable(4) Innovation (5) Risk management ( .........)
Solution
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The correct group of statements related to the evolution of business is (2) Amal> Vimal> Suresh. Amal's statement is correct as barter system involves exchanging excess production. Vimal is also correct in stating that the barter system is the first step of evolution of business. Suresh's statement is correct as the barter system can be seen as a precursor to electronic business.
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The option that is not considered as a contribution of business for the survival of the economy is (1) issuing ecofriendly product. While this is a positive action for the environment, it does not directly contribute to the survival of the economy.
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The combination of economic sustainable development and social sustainable development relating to sustainable development is (2) Viable. This means that the development is both economically and socially sustainable.
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