1. What is business organization

Answer 1

Business organization refers to the structure and hierarchy of a company or company-like entity. It involves the way in which the company is divided into different departments or units, how decision-making processes are carried out, and how responsibilities are allocated among employees. The type of business organization can vary depending on factors such as the size of the company, the industry it operates in, and its specific goals and objectives. Common types of business organization include sole proprietorships, partnerships, corporations, and limited liability companies.