MP Board · Class 11 · Business Studies · Business, Trade and CommerceWhich of the following is not a characteristic of business?
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Total Attempts: 3
Accuracy Rate: 100%
Step-by-Step Solution
Business involves an exchange of goods and services, production or procurement, dealing in goods and services on a regular basis, profit earning, and element of risk. However, 'Salary or wages' is a characteristic of employment, not business.
Detailed Options Breakdown
Option : Sale or exchange of goods and services
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business, Trade and Commerce.
Option 1: Salary and wages (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Profit earning
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business, Trade and Commerce.
Option 3: Uncertainty of return
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business, Trade and Commerce.
💡 Study Guide: This question tests core syllabus concepts from Business, Trade and Commerce. For formulas, key summaries, and mock exam reference guides, read the full Business, Trade and Commerce Revision Notes.