Advantages and Disadvantages of Sole Proprietorship Profits and Losses – Advantages: Proprietor receives all the profits because he or she takes all the risks. Disadvantages: Losses are not shared. Liability - Disadvantages: 1) The proprietor has unlimited liability. 2) If the firm is unable to pay its bills‚ the proprietor can be force to sell personal assets as well as the business to pay debts. Management – Advantages: 1) Decisions on starting and running the business can be made
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tactical‚ and strategic decisions. Its aim is to design and implement machine procedures‚ processes‚ and routines that provide detailed reports in an accurate‚ consistent‚ and efficient manner. Most MISs are organized along the function lines of an organization. Typical functional management information systems include financial‚ manufacturing‚ marketing‚ human resources and other specialized systems. Each system is composed of inputs‚ processing subsystems‚ and outputs. Helpfulness of MIS to Air Asia
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cases though‚ the traditional budget usually ends up being too rigid. http://blog.trginternational.com/trg-in-the-board-room/bid/162036/Traditional-budgeting-approach-advantages-and-disadvantages http://www.12manage.com/forum.asp?TB=fraser_beyond_budgeting&S=11 http://www.tutor2u.net/business/accounts/incremental-budgeting.htm Advantages of traditional budgeting The budget is stable and change is gradual. Managers can operate their departments on a consistent basis. The system is relatively simple to
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1. List down the advantages and disadvantages of forming a partnership * Collaboration. As compared to a sole proprietorship‚ which is essentially the same business form but with only one owner‚ a partnership offers the advantage of allowing the owners to draw on the resources and expertise of the co-partners. Running a business on your own‚ while simpler‚ can also be a constant struggle. But with partners to share the responsibilities and lighten the workload‚ members of a partnership often
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Some advantages and disadvantages of internet Availability of Knowledge Advantages The internet which was once just a little puddle‚ now‚ have become an ocean; an ocean of knowledge. It is like a magical crystal ball which has an answer for every question of yours and the best thing about it is; it is completely free. I know how much I have learnt from the internet. How internet is better than books when it comes to knowledge? The answer to this would be the infinity of the internet. Plus‚ apart
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Charla ENG1113: English Comp I 12 April 2013 Advantages and Disadvantages of Online Classes One of the most important decisions of attending college is whether online study is best for you‚ whereas online classes are a more advantageous way for many people to attend college‚ there are also some negative aspects that must be considered. Many people today are choosing to further their education by taking online classes‚ as some people
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Some advantages to living in the country include these points: Clean Air‚ no neighbors‚ open spaces‚ quiet‚ birds‚ deer and other critters. You have to love nature to live in the country. No crime‚ and people are usually friendly. Some disadvantages to living in the country include these points: No shopping mall or large supermarket. Power outages occur more often and usually out in the country everything runs on electric‚ like a well pump so you can flush the toilet‚ so no power and therefore
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Write a 250-word response to each of the following questions: What are the advantages and disadvantages of social media? How might knowing these advantages and disadvantages alter how a person might use social media? One advantage of social media is the ability to stay connected to friends and family‚ especially those you may not see often. You can share photos and even host events which you can invite your friends to. Social media is also a good way to meet new friends and share interests with
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Abstract This essay will provide a discussion on the advantages and the disadvantages of disciplining children. The first part of the essay begins by elaborating on the disadvantages of disciplining children. These disadvantages include establishment of anxiety and fear‚ emotional fallout and rebellious behavior. The second part of the essay provides arguments on the advantages of disciplining children. Justification includes the advantages of‚ development of a child’s character‚ learning from the
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Advantages and disadvantages of using CAD Advantages * Can be more accurate than hand-drawn designs - it reduces human error. * You can save and edit ideas‚ which makes it easier and cheaper to modify your design as you go along. * You can modify existing ideas‚ which saves time. Disadvantages * The software itself can be expensive so initial costs are high. There are free software packages though. * Staff need to be trained how to use the software‚ which also adds to costs
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