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Question
State with reasons whether the following statement true or false.
Company form of organization has developed before industrial revolution.
Options
True
False
Solution
Company form of organization has developed before industrial revolution : False
Explanation: Company form of organisation was not developed prior to the industrial revolution. It came into existence in the post-revolution period. Soon after the industrial revolution, the need for capital, managerial skills, professional specialisation, etc., was realised. This eventually led to the emergence of a new form of organisation, which is formally regarded as the company form of organisation.
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