Question

Q4. Which of the following is not a business activity?
(a) Production of goods (b) Work in a factory for wagas
(c) Exchange of goods (d) Transportation​

Answer 1

Answer:

exchange of goods

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Answer 2

Which of the following is not a business activity?

(a) Production of goods (b) Work in a factory for wagas

(c) Exchange of goods (d) Transportation​

The correct answer :

(b) Work in a factory for wagas

Explanation :

Work in a factory for wages, is not a business activity.

Business activity refers to the business method in which work is done with the aim of earning a profit. Work for wages in a factory comes under the category of expenses of business activity. For a business owner, it is not a profit making function but a function of the category of expenses incurred in his business. Therefore it is not a business method.

Production of goods, exchange of goods and transportation are all three business activities, as the route is produced only to sell the goods, so as to get profit.

The exchange of goods is also done for the purpose of obtaining profit. Transport is involved in commercial activity, as goods have to be transported from one place to another for sale.

Wage work in a factory is not a business activity for a businessman, as he does not get profit from him. It falls under the category of his expenses.

For a laborer, it can be said to be an employment activity.

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In …………… production system goods are produced on a large scale and stocked till they are demanded in the market ?

a) job

b) project

c) mass

d) batch​

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