English

What is the meaning of ‘Organisation’? - Commercial Applications

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Question

What is the meaning of ‘Organisation’?

Options

  • An institutional arrangement to carry on some business activity.

  • It is an incorporated association of persons created by law.

  • A group of persons who join together to achieve some common objectives.

  • None of these

MCQ
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Solution

A group of persons who join together to achieve some common objectives.

Explanation:

An organization refers to a group of people who come together to work towards achieving shared goals or objectives. It can be formal or informal and is not necessarily restricted to business activities or legal entities. 

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Chapter 1: Introduction to Commercial Organisations - EXERCISES [Page 18]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 1 Introduction to Commercial Organisations
EXERCISES | Q I. 12. | Page 18
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