answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is an an organization owned and controlled by its members who work together for a common goal?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Why is communication considered to be the life of an organization?

Communication is considered to be the nerve system of any organization because it is the primary tool that creates understanding among all members of the organization. By means of communication, all departments and divisions as well as top management communicate to share opinions, ideas, commands, requests, and so on and all this network of communication activity should create a team work environment in which all focus on meeting and or exceeding the common objectives of the organization. By meeting such objectives, means that all staff members in an organization have performed well and their productivity could be the best in such harmony. Of course, efficient productivity leads to higher profits for the organization and in a good and fair setting of an organization, the profit will be shared by investors as well as staff members in addition to the growth and prosperity of the organization. Finally, we can say this organization has been driven to a win-win outcome.


What are the impact of the role players in public financial management?

The role of players in public financial management to provide a sound financial management. They are expected to pull together and work as a team for the common good of the organization in question.


What is the classification of business organization according to ownership?

Sole/ Single Proprietorship- form of organization wherein there is only in a business. - oldest form of business organization.Partnership- a business owned and operated by 2 or more persons who bind themselves to contribute money, property or industry to a common fund with the intention of dividing the profits among themselves.Corporation-the most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern.Cooperative is a business organization owned and operated by a group of individuals for their mutual benefit.[1] Cooperatives are defined by the International Co-operative Alliance's Statement on the Co-operative Identity as autonomous associations of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through jointly-owned and democratically-controlled enterprises.


The partnership form of business organization a. is a separate legal entity. b. is a common form of organization for service-type businesses. c. enjoys an unlimited life. d. has limited liability.?

A partnership has limited liability.


What specific tasks are common to all managers regardless of their level in the organiza?

Every manager, irrespective of the industry, organization or level of management, engages in planning, organizing, staffing, coordinating and controlling functions within an organization.

Related questions

What is the common name for members of the organization founded by Joseph Smith?

Mormons.


What is the difference between club and trust?

A trust is a group of organizations that have joined together as the result of a legal agreement. A club is an organization that is formed because of a common interest of its members.


What are the elements of an organization?

A group of people, A common objectives, An interaction among members.


What is a cummunity in which land is held in common and where members live and work together?

commune


What isorganisational culture?

Organizational culture reflects how the members of a particular organization act or behave. This also reflects the meaning behind the common actions and behaviors within an organization.


What are the differences between informal group and informal organisation?

Difference between a group and an organization need to be sorted out first. An organization consists of two or more people expending systematic effort towards some common goals which produce goods or services. Whereas a group of people consists of two or more individuals coming together for pursuit of a common concern such as common interest or friendship. Informal organizations normally emerge within or against a formal organization and the members of the informal organization may be driven by a common goal that may compliment or work against the goals of the formal organization. An informal group is a group of people casually acquainted with each other for their own personal fulfillment because they have some common characteristics and concerns (interests/hobbies/friendship). The members of the 'grapevine' often found within a formal organization can also be called an informal group. Whilst it is easy to differentiate between a formal group and a formal organization, the differences between informal group and informal organization tend to be blurred.


How is organization is formed?

A popular organization is formed by bringing people with common interests together. The interests need to be something that affects most of the people in the area and this will cause the organization to have many followers.


Which methodology views an organization as a group of interrelated part working together for a common purpose?

systems approach


Meaning and types of conference?

Conference refers to a large gathering of members of one or several organization for discussion on matters in which they have a common interest.


What is a political party called?

An organization of people which seeks to achieve goals common to its members through the acquisition and exercise of political power.


What do European union and the world trade organization have in common?

the both are big bodies, many members, follows rules of law and democracy


What is the difference between nondenominational and interdenominational?

"Nondenominational" typically refers to a church or organization that is not affiliated with any particular Christian denomination. "Interdenominational" refers to activities, organizations, or events that involve members from different Christian denominations coming together for a common purpose.