Start learning →

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).
Practise this question with Quill — AP Intermediate 1st Year →

Keep practising Nature and Forms of Business Organisations

Browse all Nature and Forms of Business Organisations questions for AP Intermediate 1st Year, or explore more Business Studies topics.

Start a Nature and Forms of Business Organisations lesson →
Related questions
How does an Indian firm gain from a partner's established brand?Why do foreign partners gain from low production cost in India?Entering the vast Indian market through a joint venture is which benefit?How are joint venture companies incorporated in India treated in law?What is the key operative factor in an equity-based joint venture?Which relationship is a typical example of a contractual joint venture?What distinguishes a contractual joint venture?Into which two types are joint ventures divided?