3rd Monthly Exam

• sole proprietorship type of business entity owned and operated by a single person
• partnership a business owned by two or more person who contribute resources into the entity the partners divide the profit of the business among themselves
• corporation is an enterprise chartered by law with most of the legal rights of a person including to conduct a business to own self property to borrow money into saved and be sued and business organization that has separate legal personality from its owner ownership in a stock corporation is presented by shares of stock
• fairness comes from the old english word faegers which means pleasing or attractive it is the quality of marketing judgments that are free from discrimination
• accountability is the obligation of an individual at organization to account for its activities accept responsibility for them and to disclose the result of transparent manner
• transparency is defined as being authentic in the way of organization message themselves externally to stakeholders to prospective customers and talent within the community
• stewardship and biblical terms it is defined as utilizing and managing all resources could provide for the glory of god and the betterment of his creation