Question

Which of the following statement(s) about organisations is/are true?

• A. They are responsible in providing wages to labourers.
• B. They are responsible for co-ordinating the flow of production.
• C. They are the manpower for the production of a product.
• D. None of the above

Answer 1

Answer: (A), (B)

The correct options are
A They are responsible in providing wages to labourers.
B They are responsible for co-ordinating the flow of production.

Organisations are responsible for coordinating between the other three factors namely land, labour and capital. They are also responsible for procuring everything from the land and raw materials to the wages given to the labourers. The reward received by organisations for the production of a product is profit.