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What is the primary characteristic of a company?
  • a)
    A group of individuals working together for personal gain.
  • b)
    A group of individuals associated for a common objective.
  • c)
    A sole proprietorship business entity.
  • d)
    An organization focused on charitable activities.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the primary characteristic of a company?a)A group of individua...
A company is a group of individuals who come together to achieve a common objective, which could be a business for profit or for charitable purposes. It is formed and registered under the Companies Act, and it has distinct characteristics that set it apart from other forms of business organizations.
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What is the primary characteristic of a company?a)A group of individuals working together for personal gain.b)A group of individuals associated for a common objective.c)A sole proprietorship business entity.d)An organization focused on charitable activities.Correct answer is option 'B'. Can you explain this answer?
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