What are the factors with which commercial undertaking can be distinguish?<br/>I Size of the undertaking<br/>II Profits generated<br/>III Forms of ownership<br/>IV Location of the undertaking
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Correct Answer: Option B
Explanation:
Commercial undertakings can be distinguished by factors such as the size of the undertaking and the form of ownership. The size shows the scale at which the business operates, while the form of ownership indicates whether it is a sole proprietorship, partnership, company or another form of business organization. Therefore, I and III are the applicable factors.
Commercial undertakings can be distinguished by factors such as the size of the undertaking and the form of ownership. The size shows the scale at which the business operates, while the form of ownership indicates whether it is a sole proprietorship, partnership, company or another form of business organization. Therefore, I and III are the applicable factors.