Excerpt from Business Administration: The Principles of Business Organization and System, and the Actual Methods of Business Operation and Management; Based on a Series of Lectures Delivered at the University of Michigan When the University of Michigan established its course in Commerce and Business Management, it appointed as lec turer on the principles of business method and system Mr. Carl C. Parsons - an accountant, branch manager of an office equipment concern, and a contributor to system. Out of his own experience, from the descriptions of actually used methods published in system, and with the collabora tion of its editors, this series of lectures was prepared.