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.
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B
Every business undertaking is dependent entity.
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C
Every business undertaking is engaged in the production only and not in distribution of services.
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D
Business undertakings are not exposed to any risk or uncertainty.
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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.