Question: Information: - An entity is something that exists as itself, as a subject or as an object, actually or potentially, concretely or abstractly, physically or not. It need not be of material existence. In particular, abstractions and legal fictions are usually regarded as entities. In general, there is also no presumption that an entity is animate, or present. - Human resources are the people who make up the workforce of an organization, business sector, or economy. "Human capital" is sometimes used synonymously with "human resources", although human capital typically refers to a more narrow view (i.e., the knowledge the individuals embody and economic growth). Likewise, other terms sometimes used include "manpower", "talent", "labour", "personnel", or simply "people". - A Company is a legal entity made up of an association of persons, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Company members share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms such as: - Management (or managing) is the administration of an organization, whether it be a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees or volunteers to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to the people who manage an organization. - An intangible asset is an asset that lacks physical substance (unlike physical assets such as machinery and buildings) and usually is very hard to evaluate. It includes patents, copyrights, franchises, goodwill, trademarks, trade names, the general interpretation also includes software and other intangible computer based assets. Contrary to other assets, they generallythough not necessarilysuffer from typical market failures of non-rivalry and non-excludability. - An organization or organisation (see spelling differences) is an entity comprising multiple people, such as an institution or an association, that has a collective goal and is linked to an external environment. - A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner together to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract. Partnership agreements can be formed in the following areas: - Business administration is the process of managing a business or non-profit organization , so that it remains stable and continues to grow . The administration of a business includes the performance or management of business operations and decision making , as well as the efficient organization of people and other resources , to direct activities toward common goals and objectives . In general , administration refers to the broader management function , including the associated finance , personnel and MIS services . In some analyses , management is viewed as a subset of administration , specifically associated with the technical and operational aspects of an organization , distinct from executive or strategic functions . Alternatively , administration can refer to the bureaucratic or operational performance of routine office tasks , usually internally oriented and reactive rather than proactive . Administrators , broadly speaking , engage in a common set of functions to meet the organization 's goals . These '' functions '' of the administrator were described by Henri Fayol as '' the five elements of administration '' . Sometimes creating output , which includes all of the processes that create the product that the business sells , is added as a sixth element . - A business (also known as an enterprise, a company or a firm) is an organizational entity involved in the provision of goods and services to consumers. Businesses as a form of economic activity are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be social non-profit enterprises or state-owned public enterprises charged by governments with specific social and economic objectives. A business owned by multiple individuals may form as an incorporated company or jointly organise as a partnership. Countries have different laws that may ascribe different rights to the various business entities. - The outcome of business operations is the "harvesting" of value from assets owned by a business. Assets can be either "physical" or "intangible". An example of value derived from a physical asset, like a building, is rent. An example of value derived from an intangible asset, like an idea, is a royalty. The effort involved in "harvesting" this value is what constitutes business operations cycles. - A consumer is a person or organization that uses economic services or commodities. - In sales, commerce and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration. An ultimate etymology of "client" may imply someone merely "inclined" to do business, whereas a purchaser procures goods or services on occasion but a customer "customarily" or habitually engages in transactions (historically: the collection of tolls or taxes - see the Wiktionary etymology of "customer"). Such distinctions have no contemporary semantic weight. After reading the paragraphs above, choose the best answer for the entity that related to 'business administration' with the relationship of 'part of'. Choices: - asset - body - building - business sector - company - economics - economy - existence - government - human - may - mixture - order - organization - person - sales - software - state - the following
Answer:
economics