Question

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

• A. All business enterprise engages in operation on a continuous basis.
• B. Business undertakings are not exposed to any risk or uncertaintly.
• C. A business firms are owned by one individual and not by a group of individuals jointly.
• D. All of the above

Answer 1

Answer: (A)

All business enterprise engages in operation on a continuous basis.

A business organization is an entity formed for the purpose of carrying on commercial business, it is also an on-going process as the management starts the formation of the company and ends when the company dissolves. A business organization sets objectives for the management which is followed by planning for achieving those objectives. It is a continuous process that keeps ongoing.

Thus the correct answer is A.