Question : Which of the following statement is in correct?
Option 1: For a computer manufacturing company, manufacturing and selling of computers is its principal revenue producing activity.
Option 2: For a trading company, purchase and sale of goods is its principal revenue producing activity.
Option 3: For a finance company, giving and taking loans, purchase and sale of securities is its principal revenue producing activity.
Option 4: None of the above
Correct Answer: None of the above
Solution : Answer = None of the above
None of the above statements is incorrect
because each statement accurately describes the principal revenue-producing activity for the respective types of companies: manufacturing and selling computers for a computer manufacturing company, purchasing and sale of goods for a trading company, and giving and taking loans, purchasing and sale of securities for a finance company.
Hence, the correct option is 4.
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