Which of the following is NOT an example of a transaction?
Question
Which of the following is NOT an example of a transaction?
Solution
Step 1: Define the Problem
Identify which option does not fit the definition of a transaction.
Step 2: Break Down the Problem
Understand what constitutes a transaction. A transaction typically involves an exchange of goods, services, or funds between parties.
Step 3: Apply Relevant Concepts
Consider examples of transactions such as buying a product, paying for a service, or transferring money. Identify any option that does not involve such an exchange.
Step 4: Analysis, Verify and Summarize
Analyze each option to determine if it involves an exchange. Verify if any option lacks the characteristics of a transaction.
Final Answer
The option that does not involve an exchange of goods, services, or funds is NOT an example of a transaction.
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