🎴 Flashcard Mode
Nature and Purpose of Business (Class-XI)
Card1 / 20
Mastered0
Review0
QuestionClick to flip
Which of the following is not considered as an example of business activities?
AnswerClick to flip back
A
Sale of a second hand car to a buyer through an online portal
💡 Explanation:
Business involves dealings in goods or services on a regular basis. One single transaction of sale or purchase, therefore, does not constitute business. Thus, sale of a second hand car to a buyer through an online portal will not be considered as a business activity.