Business Organization and Management

There are many different types of business organization and management. In general, three types of organizations exist: sole proprietorship, partnership, and corporation. Each has its own advantages and disadvantages. A sole proprietorship, for example, is a single owner–you, the business owner, are responsible for the entire debt and profits. However, if your business isn’t profitable, […]

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What Is Management Accounting?

Management accounting is a vital tool for decision-making in business. It provides management with information that helps them perform control and management functions. These functions are the foundation for the decision-making process. Without this information, managers would not be able to make the best decisions for the company. So, what is management accounting? In this […]

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The Definition of Management – An Essential Defining Word For All Businesses

Management is an important part of any organization. The word “management” has different meanings to different people. For some management is simply the art and science of operating organizations. Other people view management as the method by which a company achieves a balance of production and distribution. Still other managers view management as the system […]

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