Examlex
What integrates all departments and functions throughout an organization into a single IT system so that employees can make decisions by viewing enterprise-wide information on all business operations?
Shirking
Working at less than the expected rate of productivity, which reduces output. Shirking is more likely when workers are not monitored, so that the cost of lower output falls on others.
Corporate Business Structure
Corporate business structure refers to the legal organization of a company, often characterized by the issuance of shares, a board of directors, and liability protection for its shareholders.
Productive Contribution
The input or service provided by a factor of production towards the making of goods and services.
Corporate Form
A legal structure for businesses recognized as separate entities from their owners, providing limited liability protection and enabling easier access to capital.
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