TYPES AND FORMS OF BUSINESS ORGANIZATION A business organization is frequently referred to as a business entity. A business entity is any business organization that exists as an economic unit. Business entities can be grouped according to the type of business activity they perform. 1. Service companies perform services for a fee. This group includes companies such as accounting firms‚ law firms‚ repair shops‚ and many others. 2. Merchandising companies purchase goods that are ready for
Premium Types of business entity Corporation Business law
Organization as structure vs organization as process Child J. (2005) has argued “Organization has structural‚ processual and boundary-defining facets.” (p.6) Organization as structure and organization as process are organizational choices‚ which are very distinct from each other. Organization as structure refers to ‘basic structure’ in which tasks and responsibilities are distributed among the work hierarchy. The organizational authority is at the same time centralized‚ delegated and standardized
Premium Organization Structure Scientific method
Gautrain Management Agency Gautrain is Africa’s first world-class‚ modern mass rapid transit rail and bus service for Gauteng‚ a province regarded as the economic heartland of South Africa‚ which links Johannesburg‚ Pretoria‚ and OR Tambo International Airport. It was built to relieve the traffic congestion in the Johannesburg–Pretoria traffic corridor and offer commuters a viable alternative to road transport‚ as Johannesburg has limited public transport infrastructure. The project was completed
Premium Public transport Rail transport Train
Management Organization In any business‚ leadership management’s responsibility is to provide a safe and comfortable working environment‚ using appropriate communication skills‚ operating with the highest possible ethical standards‚ being fair‚ provide compensation to the employees increasing motivation for the employees to work at his or her fullest potential. This paper will discuss Enron‚ and the business failure that occurred. At one time‚ Enron was one of the largest energy providers in America
Premium Enron
to the conclusion the best option for Oliveology is to be an S Corporation. There are many benefits of this entity status. One of the largest benefits is no double taxation. The shareholders are only taxed at the shareholder level. Also‚ unlike a partnership‚ where all the partners are subject to self-employment tax on income from the firm‚ only wages earned are subject to a self-employment tax in an S corporation. In an S corporation shareholders may be employees‚ and the wages paid are deductible
Premium Tax Taxation in the United States Tax refund
ORGANIZATIONAL STRUCTURE/CORPORATE MANAGEMENT CONTROLS ➢ Corporate Governance Mission Statement: o Caterpillar’s corporate governance program ensures we serve the interests of stockholders and other stakeholders with the highest standards of responsibility‚ integrity and compliance with all laws. These standards are guided by our board of directors and global management team‚ who work to oversee the company’s actions‚ performance and governance policies. ➢ ➢ Announced
Premium Corporate governance Board of directors Stock
Management – Marketing - Tourism THE ROLE OF LEARNING ORGANIZATION IN KNOWLEDGE MANAGEMENT PROCESS Ph.D. Student B loi Ionu -Cosmin University of Craiova Faculty of Economics and Business Administration‚ Romania Abstract: The content and the organization of work represent dimensions which do not only involve mobilizing competencies but are also dimensions in which competencies are developed. In an organization people create‚ accumulate or transfer knowledge‚ ideas‚ values‚ attitudes‚ feelings
Premium Knowledge management Knowledge Educational psychology
off from the society that exists today. On the contrary‚ Orwell himself states that this story can be perceived as a “warning” on how society will evolve from a simple one to a more complex one. From beginning to end‚ subtle signs are embedded to forebode the arrival of destructive ideas. One idea in specific is the introduction of new forms of control to watch over the masses. There is a variety of mediums used throughout the story‚ ranging from technological control to linguistic moderation to
Premium Nineteen Eighty-Four
DOES CORPORATE GOVERNANCE ENHANCE FIRM PERFORMANCE? BY: DR. RONALD IWU-EGWUONWU Introduction: Nations thrive on the performance of their economic units the major part of which are business firms that operate in their corporate jurisdictions. The quality of performance of these firms is of great interest to governments because by them a great amount of the degree of economic development seen in a country is achieved. Governments fund their annual budgets to a great extend by the amount of
Premium Corporate governance Stock
Ownership and structural forms of business organization‚ applicable laws‚ requirements for their formations‚ and advantages and disadvantages Type of Ownership * Single or Sole Proprietorship. It is a form of business organization which is owned by one person. The owner personally manages his business. Most of businesses in the Philippines (including those which are not registered) belong to single proprietorship. Examples are retailers‚ market vendors‚ barbers‚ tailors‚ and so forth. a)
Premium Corporation Cooperative Partnership