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Business organisation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Business organisation

  • This topic has 1 reply, 2 voices, and was last updated 1 month ago by Ken Garrett.
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  • February 8, 2023 at 3:14 pm #678549
    Ritul
    Participant
    • Topics: 11
    • Replies: 7
    • ☆

    Hello tutor,

    Can we say that these are the business organisation.
    1. Member of online community
    2. A health authority
    3. A Charitable Trust

    Please help me i got confused between them..

    February 8, 2023 at 6:28 pm #678563
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10221
    • ☆☆☆☆☆

    1 Not a business organisation. These people often barely know one another and there is rarely any decsion-making methodology or hierarchy. In effect, there is no organisation.

    2 and 3. They are certainly organisations but are not profit-seeking, they are probably not businesses. Most definitions of ‘business’ refer to commercial, industrial or professional activities.

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