Office; duty; fulfillment of a definite end or set of ends by the correctadjustment of means. The occupation of an office. By the performance of its duties, theofficer is said to fill his function. Dig. 32, 65, 1. See State v. Hyde, 121 Ind. 20, 22 N. E. 644.
Capable of performing one or more practical activities. Synonyms are worthwhile, useful, working.
Evaluation of the detail workings of a function and its potential or actual results. A problem-solving method. Functional decomposition down to code occurs to reach the level needed to solve identified issues.
1. Grouping of individuals in the organization, on the basis of the business work each performs. 2. Grouping of activities or processes based on their need to accomplish one or more tasks, such as accounting, marketing, manufacturing. 3. Another name for business unit.
A means to evaluate performance, determine status quo, determine organizational stability. An accounting method using organizational units to measure outcomes, statistical standards and benchmarks.
Establishing a baseline by comparing specific business functions in the same industry using two or more organizations
Valuation of useful life expenditure of an asset equals the over-time time-bound spread-of-cost of that asset. Worth only as salvage.
Typifying fixed expenses by repeatable process.
A new issue of a stock or fund or other security that is completely sold.
Business accessibility to money for its operations.