Question

Which is considered as the engine of economic growth ?

(A) Company (B) Partnership

(C) Co-op. Society (D) Sole Proprietorship​

Answer 1

Answer:

The organisational structure in which there is separation of ownership and management is called a company. In a company, management and ownership lie in the hands of different individuals. A company is owned by its shareholders, while its management is handled by a group of elected persons known as the board of directors. The board of directors in turn appoints the top officials for managing the day-to-day operations of the business.

Hence, the correct answer is option (c).

Answer 2

Company is considered as the engine of economic growth.

A company is a business organization selling goods or services.

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