Question

Select the proper option from the options given below and rewrite the completed sentences.

From the point of continuity ________ business organizations is the most suitable.
(a) company
(b) partnership
(c) sole proprietorship

Answer 1

Correct option- a
From the point of continuity company business organisation is the most suitable.
Explanation:
A joint stock company enjoys a continuous and stable life. This feature is known as perpetual succession, which means that the company remains unaffected by the death, retirement, insolvency or insanity of its members. Thus, from the point of continuity, a company form of business organisation is the most suitable.