Principles of management 2

a collections of person working together with the-same objectives

• organization
• firm
• forms

a group of individuals who are cooperating willingly and effectively with a common goal

• organization
• forms
• business

is the simplest business form under which one can operate a business.

• single proprietorship
• partnership
• corporation

 Its simply refers to a person who owns the business and is personally responsible for its debts.

• Single proprietorship
• partnership
• corporation

It is an arrangement in which two or more individuals share the profits and liabilities of a business venture.

• Partnership
• Proprietorship
• corporation

involving mutual assistance in working toward a common goal.

• cooperative
• corporation
• partnership

A group of people authorized to act as a single entity (legally a person) and recognized as such in law.

• corporation
• cooperative
• partnership

division of activities into defined functions and responsibilities

• organizational structure
• management
• systems

It is the administration of an organization, whether it be a business, a not-for-profit organization, or government body.

• management
• resources
• team

the process of dealing with or controlling things or people.

• management
• people
• leader