Question

Which of the following does not characterise business activity?

(a) Production of goods and services
(b) Presence of risk
(c) Sale or exchange of goods and services
(d) Salary or wages​

Answer 1

Answer:

salary or wages

it comes in job

Answer 2

[d] Salary Or wages are not a characteristic of business activity.

• Business activities are those activities that are done with the purpose of earning profit. It is a continuous and regular flow of goods or services to earn profit. Salary and wages are the remuneration amount paid to the people who do the assigned job given to them by their supervisors.

• Production and selling of goods and services are the most important and integral parts of business activities.

• The involvement of risk is like the basic factor of business as no business can be commenced without the element of risk.