Final Examination

A business with two or more people sharing its ownership.

– a single person holds the entire operation as his personal property, managing it in a day-to-day basis

known as the ‘father of modern management theory’ gave a new perception of the concept of management. He introduced a general theory that can be applied to all levels of management and every department.

is a type of business that keeps the dealings, assets, and bank accounts separate from his/her personal assets.

is the process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them.

is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods inside enterprises and organizations and on the management of a firm's marketing resources and activities.

involves overseeing, designing, controlling the process of production of good and services.

means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise.

is a profession involving the design, implementation, evaluation, and maintenance of the process of work within an office or other organization, in order to sustain and improve efficiency and productivity.

it is the responsibility of the firm to ensure that it manages the procurement process and the supply base effectively and efficiently. This includes buying high quality products and services at the right price from the right, reliable source, based on the right specifications, in the right quality for delivery, at the right time to the right customers