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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Organisation
According to Bushanan and Huczynski, Sole trader is not an organisation as it does not have collective goals.
Is Partnership an organisation?
I would disagree with B&H. A sole trader could have employeesand there could be collective goals. If B&H literally mean that eperson is completely alone trading then there simply is nothing to form an organisation which implies several parties.
A partnership is defined as two or more people in business in common with a view to making a profit. So yes, a partnership is an organisation.
Alright sir. Thanks.