Which of the Following Events Is Not a Business Transaction

question 143

Multiple Choice

Which of the following events is not a business transaction?

• A) Issuance of shares in exchange for cash
• B) Hired employees
• C) Incurred utility expenses for the month
• D) Earned revenue for services provided

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Definitions:

Interest Rate

The percentage at which interest is paid by a borrower for the use of money, or the percentage earned on a savings or investment account.

Donaghue V. Stevenson

A foundational case in modern law that established the principle of duty of care, marking the inception of modern negligence law.

Hazardous Products Act

Legislation that regulates the sale, advertisement, and importation of hazardous products to ensure public safety.

Strict Liability

Responsibility for loss regardless of the circumstances.