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Preparing CFS-Direct Method

The sole purp...

Question

The sole purpose of business organization is to ________.

A

conduct business

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B

earn profit

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C

establish relationship between men and material

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D

all of the above

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Solution

The correct option is A earn profit
Business organisation is nothing but carrying out various economic activities with the help of persons who come together to achieve a common objective. The main purpose of the business organisation is to earn profit.

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Q. The most suitable definition of a sole trader form of business organization is ____________________.

Q. State with reasons whether the following statements are true or false.
1. There is no limit for membership in Joint Hindu family Business.
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9. The membership of a co-operative society is voluntary.
10. Co-operative society differs from other forms of commercial organizations.
11. Maximization of profit is the main motto of co-operative society.
12. In partnership agreement may be oral or written.
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16. A sole trading concern is easiest to form.

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