Question

Which of the following is not a characteristics of Business?
(a) Dealing in goods-in-trade.
(b) A father teaching his son.
(c) Involves risk and uncertainty of income.
(d) Aims at earning profits

Answer 1

Answer:

b) A father teaching his son

Explanation:

Business refers to the part of the occupation where the main objective becomes earning profit. It also refers to the supply of goods that satisfy customer needs. It involves the purchase of goods or sales.

The characteristics of Business are :

* It only aims at earning profit.

* It involves dealing goods in trade.

* It may involve risk and uncertainty in income.

* Production of goods.

So option b) A father teaching son is not a characteristic of business.

Answer 2

A father teaching his son