Which of the following does not characterise business activity?

Production of goods and services

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Presence of risk

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Sale or exchange of goods and services

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Salary or wages

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Solution

The correct option is C Salary or wages
Business activity is an activity which is an engaged in primary purpose of making a profit, salary and wages are expenses to a business. Hence it is not a primary business activity.

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Similar questions

Which of the following does not characterise a business activity?

(a) Production of goods and services

(b) Presence of risk

(d) Salary or wages

Exchanging goods or services for other goods or services without using money is called _____.

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