Question

Every business undertaking is _______ entity.

• A. an independent
• B. a dependent
• C. a social
• D. none of above

Answer 1

The correct option is A an independent

Every business undertaking is an independent entity. It has its own assets and liabilities. It has its own way of functioning. The profits earned or losses incurred by one firm cannot be accounted for by any other firm. It has its own assets and liabilities. The debts owned by one undertaking cannot be recovered from any other undertaking.