COM1313

Osmania University

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INTRODUCTION AND FORMS OF BUSINESS ORGANISATIONS
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December 2024

2024/2025
Business organizations are entities formed to engage in commercial activities, aiming to earn profit and provide goods or services. They can take various forms, each with distinct legal and financial characteristics. **Sole proprietorship** involves a single owner with full control but unlimited liability. **Partnerships** consist of two or more individuals sharing profits, responsibilities, and liabilities. **Corporations** are separate legal entities offering limited liability to owners but re...
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INTRODUCTION TO FUNCTON OF MANAGEMENT
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13

December 2024

2024/2025
**Functions of Management** refer to the key activities managers perform to achieve organizational goals. They are broadly classified into five main functions: **Planning**, which involves setting objectives and determining strategies; **Organizing**, which arranges resources and tasks; **Staffing**, focusing on recruitment and employee management; **Leading**, which motivates and guides employees; and **Controlling**, which monitors performance and ensures goals are met. These functions are int...
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JOINT STOCK COMPANY SUMMERY
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10

December 2024

2024/2025
A **Joint Stock Company** is a business organization where capital is divided into shares held by shareholders. It operates as a separate legal entity, meaning it can own property, enter contracts, and sue or be sued. Shareholders enjoy limited liability, which restricts their financial responsibility to the value of their shares. A board of directors manages the company, elected by shareholders. Profits are distributed as dividends. Joint stock companies are common in large-scale businesses due...
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