Company Concept Quiz

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Questions and Answers

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?

  • 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?

  • Government control
  • Charitable objectives
  • Profit-making motive (correct)
  • Non-commercial activities

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