Home › CA Foundation › businessstudies › businessnature › Which is a feature distinguishing a profession f…
Which is a feature distinguishing a profession from a business?
Aaims at maximum profit
Binvolves regular trading
Cneeds no qualification
Drequires specialised knowledge and a professional code
Answer & Solution
Correct answer: D. requires specialised knowledge and a professional code
A profession requires specialised education/training and adherence to a professional code of conduct (e.g. doctor, CA).
Related questions
The reward for the risk and effort of running a business is'Entrepot trade' refers toTertiary industries are also known asProfit earned by a business serves asWhich is a liability of business ownership that distinguishes a sole proprietor from a comTrade meansBanking helps trade byThe two broad categories of human activities are