A Chief Executive Officer (CEO) is essentially the highest-ranking executive in the company. He has most of the power. He reports directly to the board of directors. A president, on the other hand, ranks lower...

Incorporated is the forming of a new business, whose legal entity is separate from its owners. Profits and losses are not passed to the owners. A limited company (Ltd) is a company whose liability of the...

Leadership often represents a group of individuals that are responsible for inspiring, guiding and leading a group of people that are joined for a common cause. Management is defined as a group of people that...

A purchase order is issued by the buyer to the seller indicating the type of products purchased, quantity of the product, the price and the total amount the buyer is willing to pay the seller. A purchase order...

A corporation is a separate legal entity from its owners. A partnership is a business entity with individuals who share the risk and benefits of business.