Which of the following is considered investment?
A)Maina purchases a new car for commuting to and from work.
B)Jane purchases a new car for commuting to and from school.
C)Johnny buys a new car for his wife as an anniversary gift.
D)James purchases a new car to replace an old car in his cab business.

Question

Quizplus · Accepted Answer

James purchasing a new car to replace an old car in his cab business is considered an investment as it can generate income for him. The other options involve purchasing cars primarily for personal use, which does not provide a return on investment.

Which of the Following Is Considered Investment