Which of the Following Is Not a Business Transaction

question 111

Multiple Choice

Which of the following is not a business transaction?

• A) Erin, the CEO, buys $15,000 in stock, placing the money in a bank account in the name of Bob's Lawn Service.
• B) Erin provided services to customers, earning fees of $600.
• C) Erin purchased hedge trimmers for Bob's Lawn Service, agreeing to pay the supplier next month.
• D) Erin pays her monthly personal credit card bill.

---

Definitions:

Corporate Charters

A legal document issued by a governmental authority that establishes a corporation as a legal entity and outlines its structure and purpose.

Private Corporation

A corporation owned by just one or a few people who are closely involved in managing the business.