Download App

Business Finance and Arithmetic — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipBusiness Finance and Arithmetic1 Mark
Question
Define tax.
✓

Answer

Tax is basically a financial charge imposed upon a taxpayer by a state such that failure to pay is punishable by law. It can also be defined as a fee charged or 'levied by a government on a product, income or activity.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Business Finance and Arithmetic→Business Finance and Arithmetic — all question types→Entrepreneurship STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Why maintaining a cash book or register is very essential for every business?
→
What does 'cold selling' mean?
→
Who are called inherited entrepreneurs?
→
Name the process which aims at putting a business plan into action.
→
Define a Large Scale Enterprise.
→
A producer becomes his own supplier. What type of integration is this?
→
Define strategy.
→
What are distribution channels?
→
Divij is a highly innovative person working in a cement company. He devised a new form of grey cement which is made from plastic fillets and organic waste. His company immediately realised the potential of his idea and made him the head of the project to develop the above product commercially. He was also offered a share in profits of the above project. Is Divij an employee or an entrepreneur? Discuss. Also identify one value communicated by him by developing such a product.
→
Social benefits not only help the enterprise but also the society at large'. How?
→