Management
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Planning management function (Planning) 
Correct Answer: The concept of this usually incorporates both ideas; it means 
determining the organization's goals and defining the means for achieving them. 
Organizing management function (Organization) 
Correct Answer: A social entity that is goal directed and deliberately structured. 
Leading management function (Leadership) 
Correct Answer: Is the ability to influence people toward the attainment of 
organizational goals. 
Controlling management ...
Joint Venture 
Correct Answer: Two corporations coming together for a limited time partnership [ex. 
Starbucks in Target] 
Cooperative 
Correct Answer: Jointly controlled enterprise to meet the needs of its members [ex. 
farmers joining forces] 
S-Corporation 
Correct Answer: Taxed like a partnership but has limited liability like a corporation 
Non-Profit Corporation 
Correct Answer: Exists not to make a profit 
Planning 
Correct Answer: Setting goals and deciding how to achieve them 
Organiz...