Section 1 – Sources of Finance There are 4 main types of business ownership: • Sole trader • Partnership • Private limited company (Ltd) • Public limited company (Plc) Each of these types of business needs to raise finance for capital investment Sole Trader This is a business that is owned by one person. Sole Traders are responsible for raising all the finance to set up and run the business. Usually a sole trader would be for a small business/ (businesses with a flat
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Contents 1. Definition 1 a. How to do evaluation of sources 2 1. Definition e-val-u-a-tion /ɪˌvæljuˈeɪʃən/ (noun) [ uncountable and countable ] A judgment about how good‚ useful‚ or successful something is. Synonym: assessment (Longman Dictionary‚ Professor John Wells‚ Jan. 10 2011) Word family Word origin verb evaluate Date 1700 - 1800 noun evaluation Language French Origin évaluation‚ from évaluer ‘to evaluate’‚ from value ‘value’ Example Sentences:
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RN‚ BC‚ MSN‚ C. L.‚ & Robinson‚ RN‚ MSN‚ E. (2003‚ January). What ’s different about this nursing shortage?. Nursing2003‚ 33(1)‚ 51-55. 1 SCARCE RESOURCES ARTICLE 2 SCARCE RESOURCES ARTICLE 3 SCARCE RESOURCES ARTICLE 4 SCARCE RESOURCES ARTICLE 5
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5 Types of Financing BASIC CONCEPTS 1. Sources of Funds There are several sources of finance/funds available to any company. Some of the parameters that need to be considered while choosing a source of fund are: • • Tenure • Leverage planned by the company • Financial conditions prevalent in the economy • 2. Cost of source of fund Risk profile of both the company as well as the industry in which the company operates. Categories of Sources of Funds (i) Long
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Introduction - Sources of Finance Introduction to the Sources of Finance resource. Sources of Finance Introduction This resource is designed for use with Accounting courses at A ’ level. This resource is relevant to the following: * AQA Module 5‚ Section 14.5: ’Types of Business Organisation‚ Sources of Finance ’ * OCR Module 2505‚ Sections 5.3.2 and 5.6.2 For many businesses‚ the issue about where to get funds from for starting up‚ development and expansion can be crucial for the success
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Source of Advice | Strengths | weaknesses | Bank | For my business I will most likely get my loan from the bank because it is affordable and I can be able to get money from a legitimate source. This will be a good option because as a business that is starting up‚ it will be very hard to find capital. You can also get one to one advisers that will help you understand the business more The bank can also help me in starting up a business because they might offer help in giving knowledge on starting
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wnThere are four main sources of Irish law: 1) The Constitution 2) EU law 3) Statute law (including statutory instruments) 4) Common Law & case law precedent. 1) Constitution - see www.constitution.ie for text and some official publications 2) EU law - see www.europa.eu (I’m not sure if that is the exact text but you can google) for EU laws 3) Statute law - see www.irishstatutebook.ie & www.oireachtas.ie 4) Case law & precents - see text books on Irish law or go to www.courts
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organization assesses current culture‚ customer satisfaction‚ and quality management systems. 3. Top management identifies core values and principles to be used‚ and communicates them. 4. A TQM master plan is developed on the basis of steps 1‚ 2‚ and 3. 5. The organization identifies and prioritizes customer demands and aligns products and services to meet those demands. 6. Management maps the critical processes through which the organization meets its customers’ needs. 7. Management oversees the formation
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Source credibility Source credibility‚ is about the source and spokesperson’s credibility. From previous literature‚ source expertise and trustworthiness are crucial to be transmitted from a credible source. The spokesperson’s credibility has the following characteristics: to possess relevant expertise on the information topic‚ and to be trusted to transmit objective opinions (Hussein‚ 2012). Other studies state that the source’s expertise is the level of convincing. Convincing means that the communication
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TERM SOURCES OF FINANCE There are various sources available to meet short term needs of finance. The different sources are discussed below: 7.1 Trade Credit: It represents credit granted by suppliers of goods‚ etc.‚ as an incident of sale. The usual duration of such credit is 15 to 90 days. It generates automatically in the course of business and is common to almost all business operations. It can be in the form of an ’open account’ or ’bills payable’. Trade credit is preferred as a source of finance
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