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 Should Provide Periodic Information to ________. - Organisation of Commerce and Management

MCQ

Select the proper option from the option given below and rewrite the completed sentence.
Business should provide periodic information to ________.

Options

  • Customers

  • Owners

  • Employees

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Solution

Business should provide periodic information to owners.
Explanation:
Owners refer to the shareholders of the business. They provide capital to the business. It is the responsibility of a business
organisation to provide periodic information to its owners. In other words, a business organisation should provide complete and accurate data about its progress and financial position to its owners. This can be done through periodic reports, statement of profits, etc.

Concept: Responsibility Towards - Owners
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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 14 | Page 120
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