Definition of Unincorporated business organization in the Legal Dictionary - by Free online English dictionary and encyclopedia. Our glossary of business terms provides definitions for common terminology and acronyms in business plans, accounting, finance, and other aspects of small business. Owl Books ISBN 0-8050-5649-1; Peter, Laurence J. and Raymond Hull. 757–60. BCI DRJ See definitions for Invocation, Incident, Emergency, Event and Organizing from the Inside Out. Business organization, an entity formed for the purpose of carrying on commercial enterprise. Change your default dictionary to American English. Massachusetts Trust A trust whereby the trustee or trustees run a business on behalf of beneficiaries. I was left my father's business. The Glossary is published on the responsibility of the Secretary-General of Private Organization Law and Legal Definition Private organization refers to any person, partnership, corporation, association or agency which is not a public body that is operated for profit. Business Glossary, sometimes called Data Glossary, is a list of business terms with their definitions. In the United States, there are six types of legal forms of business ownership from which to choose, from sole proprietorships to corporations. The trustees own all property associated with the business. That is, the trustees act as the managers and the beneficiaries act as shareholders. What is Unincorporated business organization? There are several ways to organize a business. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. What does Unincorporated business organization mean in law? View the pronunciation for organization. The Glossary has been compiled by R. S. Khemani, Adjunct Professor at the Faculty of Commerce and Business Administration, University of British Columbia, B. C., Canada and D. M. Shapiro, Principal, School of Community and Public Affairs, Concordia University, Montreal P.Q. The business structure states who owns the company, how profits are distributed and which managers perform what jobs. 3. the replacement of blood clots by fibrous tissue. People often confuse a "data glossary" with a "data dictionary," which also defines data elements, their meanings, and their allowable values. "organization theory," The New Palgrave: A Dictionary of Economics, v. 3, pp. (countable) A specific commercial enterprise or establishment. Most commonly, a business glossary presents a list of terms, what those terms mean in a particular business context, and which systems and processes actually use or rely on the term. Glossary of Business Continuity Terms Term Definition References Note Activation The implementation of business continuity procedures, activities and plans in response to a business continuity emergency, event, incident and/or crisis; the execution of the recovery plan. "Organization Design: Fashion or Fit" Harvard Business Review (January February) Morgenstern, Julie (1998). organization [or″gah-nĭ-za´shun] 1. the process of organizing or being organized. Each employee’s position is identified, including their function and who they report to within the firm. Gartner Glossary Information Technology Glossary B Business Capability Modeling Business Capability Modeling Business capability modeling is a technique for the representation of an organization’s business anchor model, independent of the organization’s structure, processes, people or domains. An organization is a group of people who work together, like a neighborhood association, a charity, a union, or a corporation. ‘It was the first time these four business organisations have come together for such an event.’ ‘Rebuilding Together is a national non-profit organization dedicated to repairing homes for low income, elderly and disabled homeowners.’ Organizing definition: the activity or skill of coordinating people and events | Meaning, pronunciation, translations and examples Learn more about business principles of operation. Mintzberg, Henry (1981). Search parent organization and thousands of other words in English definition and synonym dictionary from Reverso. Businesses can be for-profit entities or non-profit organizations. Definition of organization noun in Oxford Advanced Learner's Dictionary. This is the British English definition of organization.View American English definition of organization. Search administrative organization and thousands of other words in English definition and synonym dictionary from Reverso. A generic term for any type of group or association of individuals who are joined together either formally or legally. The organizational structure of, for example, a company is a system used to define its hierarchy. The ‘agile organization’ is also known as ‘the entrepreneurial organization’ and ‘the resilient organization’ and this kind of organization focuses on the customer which calls for customized rather than standardised offerings. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. 2. an organized body, group, or structure. Business Structure The way a business is organized. How to use organization in a sentence. The term organization includes a corporation, government, partnership, and any type of civil or political association of people. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation. Beneficiaries may sell their position as beneficiaries. A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. 1 [countable] a group of people who form a business, club, etc. Definition and synonyms of organization from the online English dictionary from Macmillan Education. Organization. It defines business concepts for an organization or industry and is … Each gives you different degrees of protection for liability, and each has different tax consequences. Line organization definition is - the part of a business organization that forms an integrated whole concerned with the production of the goods or services that are the stock in trade of the organization —often distinguished from staff. Industrial organization is a field of economics dealing with the strategic behavior of firms, regulatory policy, antitrust policy and market competition. comprehensive health organization (CHO) a nonprofit health care agency in Canada, formed jointly by representatives of the community and of health care providers. It is the way in which a company or organization is organized, including the types of relationships that exist between the directors, managers […] The professional organizer turned editor has launched Organize magazine to bring mind-clearing ideas about clutter control to the masses, or at least to those willing to fork over $20 for a year's subscription to the Northboro-based publication, which comes out every other month. organizational website definition on 12/14/2020 Total Views : 1 Daily Views : 0 12/14/2020 Total Views : 1 Daily Views : 0 Organization definition: An organization is an official group of people, for example a political party, a... | Meaning, pronunciation, translations and examples An Agile Organization is one that is quick in responding to changes in the marketplace or environment. Organization definition is - the act or process of organizing or of being organized. It can be a self-sustaining, non-federal entity, constituted or established and operating on Federal property, by individuals acting outside any official capacity in the federal Government. Definition: is an organization or a company that is able to successfully adapt to the rapid and unexpected changes that occur in its environment. Such businesses are flexible, able to develop fast, and tend to entrust more powers (in terms of making decisions) to the employees. Using Strategic Management Process, an organization decides to implement a selected few strategies along with stakeholders, details the implementation plan and keeps on appraising the progress & success of implementation through … Meaning of Unincorporated business organization as a legal term. ‘The organization, scope and structure of the committee has a significant impact in this regard.’ ‘A second model of membrane organization has developed in the past two decades.’ ‘Unfortunately, the layout and organization of the book make it very difficult to work with.’ Strategic Management Process is an ongoing process of five steps which defines the way an organization makes its strategy to achieve its goals. 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