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    tabarcea daniel
    A business is defined as an organization engaged in commercial, industrial or professional activities. Businesses can operate for profit or as non-profits. Profit is the surplus remaining after deducting total costs from total revenue and is the basis for taxes and dividends. It provides resources for future operations and lack of profit can lead to a company's extinction. Corporations exist separately from shareholders with liability limited to shareholding. Corporations can have thousands of owners while most companies have one or a few owners.

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    Busness English

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    tabarcea daniel
    38 views2 pages
    A business is defined as an organization engaged in commercial, industrial or professional activities. Businesses can operate for profit or as non-profits. Profit is the surplus remaining after deducting total costs from total revenue and is the basis for taxes and dividends. It provides resources for future operations and lack of profit can lead to a company's extinction. Corporations exist separately from shareholders with liability limited to shareholding. Corporations can have thousands of owners while most companies have one or a few owners.

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    A business is defined as an organization engaged in commercial, industrial or professional activities. Businesses can operate for profit or as non-profits. Profit is the surplus remaining after deducting total costs from total revenue and is the basis for taxes and dividends. It provides resources for future operations and lack of profit can lead to a company's extinction. Corporations exist separately from shareholders with liability limited to shareholding. Corporations can have thousands of owners while most companies have one or a few owners.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    38 views2 pages

    Busness English

    Uploaded by

    tabarcea daniel
    A business is defined as an organization engaged in commercial, industrial or professional activities. Businesses can operate for profit or as non-profits. Profit is the surplus remaining after deducting total costs from total revenue and is the basis for taxes and dividends. It provides resources for future operations and lack of profit can lead to a company's extinction. Corporations exist separately from shareholders with liability limited to shareholding. Corporations can have thousands of owners while most companies have one or a few owners.

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    What Is a Business?

    A business is defined as an organization or enterprising entity engaged in


    commercial, industrial, or professional activities. Businesses can be for-profit
    entities or they can be non-profit organizations that operate to fulfill a charitable
    mission or further a social cause. 

    The surplus remaining after total costs are deducted from total revenue, and the
    basis on which tax is computed and dividend is paid. It is the best known measure
    of success in an enterprise.
    Profit is reflected in reduction in liabilities, increase in assets, and/or increase in
    owners' equity. It furnishes resources for investing in future operations, and its
    absence may result in the extinction of a company. As an indicator of comparative
    performance, however, it is less valuable than return on investment (ROI). Also
    called earnings, gain, or income.(profit)
    Corporation

    Corporations are different from other types of company in that they exist
    separately from their legal owners. That means that liability is separate as well.
    With corporations, liability is limited to the holding of shares. In fact, shareholding
    is a major difference between corporations and other types of companies. With
    corporations, the shareholders each own a small piece of the larger corporate
    structure. Most companies are typically owned by one or a small handful of
    people, while corporations can be owned by thousands of different individuals.

    An individual who is in charge of a certain group of tasks, or a certain subset of a


    company. A manager often has a staff of people who report to him or her.
    As an example, a restaurant will often have a front-of-house manager who helps
    the patrons, and supervises the hosts; or a specific office project can have a
    manager, known simply as the project manager. Certain departments within a
    company designate their managers to be line managers, while others are known as
    staff managers, depending upon the function of the department.(manager)

    Specialized functional area within an organization or a division, such as


    accounting, marketing, planning. Generally every department has its own manager
    and chain of command.(department)

    An individual who is in charge of a certain group of tasks, or a certain subset of a


    company. A manager often has a staff of people who report to him or her.
    As an example, a restaurant will often have a front-of-house manager who helps
    the patrons, and supervises the hosts; or a specific office project can have a
    manager, known simply as the project manager. Certain departments within a
    company designate their managers to be line managers, while others are known as
    staff managers, depending upon the function of the department.(manager)

    the work of an accountant(accountancy)

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