Organizing Is the Process of Grouping Resources and Activities Efficiently

question 10

True/False

Organizing is the process of grouping resources and activities efficiently and effectively to accomplish an end result.

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Definitions:

Managers

Managers are individuals in an organization responsible for directing and overseeing the work of a group of people towards achieving business goals.

Sole Proprietorship

A sole proprietorship where the business and the owner are legally considered the same entity, operated by only one person.

Death

The end of life in biological organisms; not applicable in a financial or economic context unless metaphorically used.

Partnership

A type of business organization in which two or more individuals own and operate the business, sharing its profits and liabilities.