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Key Terms (set 2)

functions of business Production. Research and Development (often abbreviated to R&D) Purchasing. Marketing (including the selling function) Human Resource Management. Accounting and Finance
business ethnics is a form of applied ethics or professional ethics
Corporate Social Responsibility is a broad concept that can take many forms depending on the company and industry.
Sole Proprietor a person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses.
Corporation a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
Partnership A partnership is a formal arrangement in which two or more parties cooperate to manage and operate a business.
Shareholder an owner of shares in a company
Management the process of dealing with or controlling things or people.
Created by: evan moore
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