Question

Business Organization involves __________ events.

Answer 1

Answer:

various

is the answer

Answer 2

Answer:

Economic is the correct answer.

Explanation:

• Business Organization involves Economic events.

• Economic events include business transactions that can be measured in monetary terms in an organization.
• One cannot measure the Non-economic events in monetary terms so they are not recorded in the books of accounts.
• Transaction is a kind of agreement between the seller and the buyer to exchange services, financial instruments, or goods.