wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following can be treated as characteristics of business organisation?

A
A business firm may be owned by one individual or a group of individuals jointly.
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Every business undertaking is dependent entity.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Every business undertaking is engaged in the production only and not in distribution of services.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Business undertakings are not exposed to any risk or uncertainty.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B A business firm may be owned by one individual or a group of individuals jointly.
A business organisation is a person or a group of people working together in pursuit of the same commercial interest. To do this effectively you must decide what type of business organisation suits your needs. The main characteristics of business organisation is that a business firm may be owned by one individual or a group of individuals jointly.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Principles of Scientific Management
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon