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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 ____________________.

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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.
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