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Question
Give one word/phrase/term.
The oldest form of business organisation under the public sector.
One Word/Term Answer
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Solution
Departmental Organisation
Explanation:
Departmental organisation is the oldest form of public sector business. It is directly managed and controlled by a government department, and its finances come from the annual budget of the government.
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Chapter 5: Forms of Business Organisation - II - EXERCISE [Page 113]
