Financial Management Concept: Financial management is one of the traditional management functional areas found in any organization and to…

Financial Resources Concept: Financial resources of an organization represent the monetary means detained by that same…

Fixed Costs Concept: Fixed costs are entity’s costs that will remain constant independently of the positive or negative…

Flowchart Concept: The term flowchart designates a graphic representation of a certain process or work flow, generally…

Formal Organization Concept: Formal Organization corresponds to the organizations’ component that establishes the way how is…

The fourteen points created by W. Eduards Deming, form a summary of his message and are today considered by many as the “commandments” of the quality improvement. These points are the following: Establish a permanent goal about the product and service improvement; Adopt the new philosophy; Don’t depend from the inspections to reach quality; Finish […]

Franchising Concept: The term Franchising is used to designate a contractual relation between the owner of a certain brand…

Frederick Herzberg (Life and Work): Frederick Herzberg was an important studious of human motivations having given a significant…

Biography of Frederick Taylor Frederick Winslow Taylor was a North American Mechanical Engineer, born in 1856 in Philadelphia in United States, was known as the father of the Work Scientific Theory (or Taylorism, designatin given in his honor). He began his professional career with 18 years of age as mechanic apprentice studying at night in […]

Free Commerce Zone Concept The expression Free Commerce Zone designates an economic space formed by a group of countries who decided to eliminate among themselves several types of restriction to the free circulation of merchandise produced inside this economic space. This way, are eliminated the customs and commercial barriers in the transactions between the Free […]