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प्रश्न
State with reasons whether the following statement true or false.
Company form of organization has developed before industrial revolution.
विकल्प
True
False
MCQ
सत्य या असत्य
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उत्तर
Company form of organization has developed before industrial revolution : False
Explanation: Company form of organisation was not developed prior to the industrial revolution. It came into existence in the post-revolution period. Soon after the industrial revolution, the need for capital, managerial skills, professional specialisation, etc., was realised. This eventually led to the emergence of a new form of organisation, which is formally regarded as the company form of organisation.
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