Who of the following has defined business as "Human activity directed towards producing or acquiring wealth through buying and selling goods"?

Wheeler

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H. Fayol

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J. Stephenson

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Lewis H. Haney

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Solution

The correct option is D Lewis H. Haney
According to Lewis H. Haney defined business as "Human activity directed towards producing or acquiring wealth through buying and selling goods."
In other words, business is concerned with buying and selling of goods and services and earning profit.

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