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16 Cards in this Set
- Front
- Back
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ORGANIZATION |
Defined as a social setting composed of several groups of people who bond and work together to achieve a common purpose. |
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GOVERNMENT ORGANIZATION |
In the form of National Government Agencies or Local Government Units. They are mandated by law to perform specific duties and responsibilities and provide services for the people nationwide. |
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NONGOVERNMENT ORGANIZATIONS |
Civil society associations, corporate foundations, educational institutions, small enterprises, or particular group or target beneficiaries. |
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PRIVATE ORGANIZATION |
Maybe subcategorized into business associations which promote the interests of the industry players or business enterprise which earns profits. |
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1. Philippine Chamber of Commerce and Industry (PCCI) 2. Management Association of the Philippines (MAP) 3. Makati Business Club |
Examples of Private Organizations. |
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CORPORATION |
Ownership is through shared stock. Business has a legal identity that is separate from the legal identity of the owner. |
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SOLE PROPRIETORSHIP |
Owned by one person only. Owner has full liability in case of financial loss. |
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PARTNERSHIPS |
Owned by two or more persons. Businesa partners have shared liability in case of financial loss. |
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GENERAL PARTNERSHIP |
All partners have unlimited personal liability and take full responsibility for the management of business. |
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LIMITED PARTNERSHIP |
Partner's liability is limited to their investment. |
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JOINT VENTURE |
Two businesses join to complete a specific project. Partnership ends after a specific period of time. |
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STRATEGIC ALLIANCE |
Two businesses work together for mutual benefit. |
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COOPERATIVE |
Ownership via equal share of members |
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INDUSTRY ASSOCIATIONS |
Coalition of private companies, industry leaders, private individuals. |
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GOVERNMENT OWNED AND CONTROLLED CORPORATIONS (GOCCs) |
An organization may have a combined nature, government owned but functions as business entities. |
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1. National Food Authority (NFA) 2. Philippine Games and Amusement Corporation (PAGCOR) 3. Local Water Utilities Administration (LWUA) |
Examples of GOCCs |
