Question:

In the following question, there is a statement given followed by two conclusions numbered I and II. Read the conclusion and then decide which of the given conclusions follows from the statement.
Statement: Business is considered to be an economic activity because it is undertaken with the objective of earning money or livelihood and not out of love, affection, sympathy or any other emotion. It may be mentioned here that this activity can be undertaken either on small and individual level, e.g. purchase and sale by a shopkeeper or on large scale in a more formal and organised level like purchase and sale by a cooperative society or company.
Conclusion I. Employer should not have any empathy towards employees as it may affect their productivity and business goals.
Conclusion II. Business activity always associated with large scale of economies.

Updated On: Oct 15, 2024
  • Only conclusion I follows
  • Only conclusion II follows
  • Neither conclusion I nor conclusion II follows
  • Both conclusion I and II follow
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The Correct Option is C

Solution and Explanation

The correct option is (C): Neither conclusion I nor conclusion II follows
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