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Questions and Answers
What is the definition of a company?
What is the definition of a company?
- A government agency
- A business organization that sells goods or services (correct)
- An individual working independently
- A non-profit organization
What best describes the concept of a company?
What best describes the concept of a company?
- A legal entity formed to conduct business (correct)
- A government department
- A charitable organization
- An informal group of people
What distinguishes a company from other types of organizations?
What distinguishes a company from other types of organizations?
- Government control
- Charitable objectives
- Profit-making motive (correct)
- Non-commercial activities
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