Maharashtra State BoardHSC Commerce 12th Board Exam
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Select the Proper Option from the Option Given Below and Rewrite the Completed Sentences. Business Organization is a Part of ________. - Organisation of Commerce and Management

MCQ

Select the proper option from the option given below and rewrite the completed sentence.
Business organization is a part of ________.

Options

  • Industry

  • Government

  • Society

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Solution

Business organisation is a part of society.                                                                                                         
Explanation:
The society supports the existence and growth of business organisations, as it provides raw materials and labour that are used
in the production of goods and services. These goods and services are sold in the society by the business firms at a profit. Thus, it is said that a business is a part of society.

Concept: Role of Environment Protection and Business
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APPEARS IN

Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 4 Social Responsibility of Business
Select the proper option | Q 7 | Page 120
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