click below
click below
Normal Size Small Size show me how
Unit 2
Term | Definition |
---|---|
Business Ethics | - is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. |
Corporate Social Responsibility | - Corporate citizenship refers to an organizations responsibility to create business value by caring for the well-being of all stakeholders including the environment |
Sole Proprietor | - These firms are owned by one person, |
Corporation | - Form of business ownership that is a legal entity on its own and puts stockholders/shareholders and the board of directors in control |
Partnership | - Can be general or limited, but in either case the general partners are in control |
Shareholder | - The shareholders elect a board of directors to oversee the major policies and decisions in a corporation. |
Management | - Getting people to work together for the attainment of an organization's goals and objectives |
Functions of Business | - The activities needed to operate a business can be divided into a number of functional areas: management, operations, marketing, accounting,and finance. |