2. Briefly explain five characteristics of a business organization.

The correct answer is:<br /><br />A. A business organization is a formal entity that is created to engage in commercial activities.<br /><br />Explanation: A business organization is a formal entity that is created to engage in commercial activities. It is a legal structure that is established to conduct business activities and generate revenue. The organization is typically registered with the government and is subject to various regulations and laws. It can be a sole proprietorship, partnership, corporation, or any other type of business structure. The organization has a specific purpose and operates with the goal of generating profits for its owners or shareholders. It has a defined structure and hierarchy, and it employs individuals to carry out its business activities.