Purposes of different types of organisation economics essay

According to Professor Scheinthe organization serves as a rational adjustment of human activity in order to achieve the goals set by the division of labor, and also functions through authoritative hierarchy. However what is important in the definition of organization is that it is a group that has certain parts in it which consists of a group of people who work together and help each other and their surroundings are interwined with each other in order to achieve the objectives and goals of individuals, groups or organization. The parts have different functions or tasks workflow. In addition, the functional structure is also designed to enable many individuals with expertise and experience in controlling and supervising the work of each taskforce.

Purposes of different types of organisation economics essay

Within the latter grouping there are many types of nonprofits that are subject to varying tax rules, depending on the specifics of their organization.

Publication from the Internal Revenue Service details the tax code regulations for organizations and breaks the nonprofit types into 29 different segments under section c. Profit In order for an organization to fall into a nonprofit classification, it must operate and provide its services without the primary goal of making money.

Yes, they make money, but only to the end that they pay reasonable salaries to their employees, engage in the range of operations as defined by their organization, and pay the expenses incurred for doing so.

In general, they operate solely for the benefit of the public and not anyone directly associated with the organization. In contrast, for-profit organizations seek to gain a return on their investments and to make money for their organization and shareholders.

When a company's balance sheet shows a profit, they make distributions to their shareholders or take other steps to grow their business. Most businesses that offer goods and services to the public operate for profit. Examples of types of profit organizations include restaurants, retail establishments and real estate and insurance companies.

Charitable Organizations are Tax Exempt Under section c of the IRS tax code, nonprofits operating as charitable organizations by providing services solely to benefit the public are exempt from paying federal income tax.

Research and Development Everyone of this functions have to work together,because every organization have the same aims and objectives. All of these functions have to work together with a communications between them and like that they become a key activity.

There are 29 categories of organizations that fall under this section of the code. Most frequently, people come into contact with organizations that are categorized as c 3 nonprofits.

Nonprofit organization examples in this category include those that pursue charitable, religious or educational causes, scientific or literary functions, testing for public safety services, fostering national or international amateur sports competitions or working toward the prevention of cruelty to animals or children.

For the most part, with a few exceptions, only c 3 organizations can issue tax deductible receipts for their donors' contributions. Public Charities and Private Foundations As the largest category among nonprofit types, organizations designated at c 3 nonprofits divide into two segments.

Public charities receive the funds from a large base of donors, including individuals, corporations and possibly governmental grants. Examples of this type include schools, hospitals, churches and charitable organizations that serve the public, perhaps through support of the arts, funding medical research or championing human rights causes.

Although they may support similar causes, the funds for private foundations come from private families, individuals or a corporation.

They use their money to provide grants to other organizations. An example of a private foundation is the Bill and Melinda Gates Foundation. Business Improvement Organizations Business organizations receive a break under section c 6 which allows for business leagues, chambers of commerce and real estate boards to receive a nonprofit tax exemption.

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A business league is any association of individuals engaged in the same profession or industry who seek to promote their industry or business interests in their community. Similarly, chambers of commerce are organizations that typically promote the business success of all companies within their geographic region.

These groups do not exist to promote any one business or product, but seek to improve the business environment for all its members. As such, they are allowed to engage in political activity or lobbying, as long as it is not extensive and only seeks to promote their organizational goals.

Purposes of different types of organisation economics essay

Other categories include social and recreational clubs, civic leagues and social welfare groups, domestic fraternal societies and associations, and state-chartered credit unions, among others. The guide also explains applicable tax regulations, such as allowable exemptions, filing requirements and information as to whether donations to the organization are tax deductible.Understanding the organizational purposes of businesses Different types of organizations.

Why are there different types of organizations? The reason for so many different types of organizations is so that the needs of stakeholders, owners as . Essay. Uploaded By AlexD Pages 11 view the full content.

Different Types of Nonprofit Organizations | timberdesignmag.com

View Full Document Task – 1 Identify the purposes of different types of organization. The objectives of different types of business Sole proprietorship businesses are small in size (Brewster D – Business Economics, International Thompson Business P, )%(10).

Brian, in the old days, many textbooks presented three purposes: inform, entertain, and persuade. This was sort of a taxonomy for student writing.

Forms Of Business Organization

Most of the “modes” will work under the three divisions. A business can be organized in one of several ways, and the form its owners choose will affect the company's and owners' legal liability and income tax treatment. FIVE TYPES OF ESSAYS A narrative essay achieves a certain purpose through telling a story, which makes it interesting to the reader and also results in getting some point across.

Purposes of different types of organisation economics essay

For example, you might the method of organization that works best for your essay: spatial (top to bottom, inside to outside, near to far), chronological (the. Identify the purposes of different types of organisation There are many types of different organisation that has purpose: Private Sector: Sole Trader also known proprietorship, it makeup set up as for-profit business owned by one person.

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