L2.5: ORGANIZATION AND BUSINESS

Question 1

• Had been defined as an organization of people with: varied skills, which uses capital and talents to produce goods, or services, which can be sold to others of more than their cost, or it may be considered as; the system through which economic activity was organized by those who seek to make profit

Answer 1

Business

Question 2

To be _________, human activities have to be
coordinated. Efficient coordination requires much more than organizational framework

Answer 2

Effective

Question 3

At the top of the foundation is c__________.

Answer 3

Coordination