ACCA BT · Chapter 1 · Question 1 of 11
Which of the following best describes the defining feature of an organisation?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) A social arrangement that pursues collective goals, controls its own performance and has a boundary separating it from its environment
Explanation
An organisation is a social arrangement for the controlled performance of collective goals, with a boundary separating it from its environment. People sharing a building are not necessarily pursuing shared goals. Legal registration and physical assets are features some organisations have, but neither defines an organisation.
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