JAMB Commerce 2025 Objective — Question 22

Question 22 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2025 Objective paper, with the correct answer and a full explanation.

Which of the following is the characteristic of a business?

A. Production
B. Exchange or sale
C. Risk element
D. All the aboveCorrect

Explanation

Business activities involve producing goods/services, exchanging or selling items of economic value, and inherently carry an element of risk.

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