State with reasons whether the following statements are true or false. 1. A business unit is a part of society. True

State with reasons whether the following statements are true or false.
1. A business unit is a part of society. True
Explanation:
Society supports the existence of business units. It provides raw materials, labour and finance used by business units to produce goods and services for sale in the society. Thus, it is correct to say that a business unit is a part of society.