Legal Forms of Business: Week 2 Legal Forms of Business In business‚ the first decision that is made is usually the most difficult. When making business decisions‚ the owner must decide what types of business organization is the best for the company. There are seven forms of business that will be discussed as well as scenarios in which each of these forms of business would be the preferred form. This paper will also justify why the corresponding business form is preferred. The forms
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structure‚ the decisions are made at various different levels. http://www.investopedia.com/terms/o/organizational-structure.asp#axzz2M6qIi3iY Organizational culture The values and behaviors that contribute to the unique social and psychological environment of an organization. organizational culture includes an organization’s expectations‚ experiences‚ philosophy‚ and values that hold it together‚ and is expressed in its self-image‚ inner workings‚ interactions with the outside world‚ and future expectations
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Contents: EXECUTIVE SUMMERY : Surma Foundation is a rising humanitarian organization Focusing Relief‚ Health and education of Autistic & underprivileged Children and Helping Cancer patients in Bangladesh. Our mission is to serve the afflicted/affected humanity whenever and wherever. We promote innovative solutions and are advocates for social responsibility. We work with people whose lives are dominated by extreme poverty‚ illiteracy‚ fatal diseases and other disabilities. We
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[CU681] Improve own performance in a business environment. 1.1 Explain the purpose and benefits of continuously improving performance at work Everyone should strive to improve their performance. Organisations also strive to improve the performance of the whole of their workforce. As an individual‚ the purpose of continuously improving our performance at work is to make ourselves a more valuable employee who is more efficient and reliable. As a consequence of our improved performance‚ the organisation
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The Political-Legal Environment consists of laws and their interpretations that require firms to operate under competitive conditions and to protect consumer rights for example‚ Health and Safety and Consumer Protection. Government regulations are the forces that combat unfair business practices and serve as a guideline to avoid such discrepancies. There are four historical phases the government regulations falls into: • Antimonopoly period of the late 19th and early 20th centuries • Protecting
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encompasses all for-profit businesses that are not owned or operated by the government. In the United Kingdom there are many private businesses that have sole traders‚ partnerships‚ companies and franchises. The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning‚ plumbing‚ electrical work‚ busking). Advantages: Limited liability – This is the most important advantage of incorporation. Limited liability protects the personal wealth
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Legal Issue A paper submitted in the course of Business Law BUS/415 University of Phoenix March 16‚ 2008 Introduction Agency Law in a Business Environment A principal is the party who employs another person to act on his or her behalf; an agent is a party who agrees to act on behalf of another. In order for the agent to successfully fulfill their tasks for their principal’s they have duties that they are expected to fulfill. The duty to obey instructions‚ to act with skill‚ loyalty‚
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The Legal‚ Political/Trade Environment Chapter Objectives Structure Of The Chapter Laws‚ rules‚ and standards Issues The political environment The legal environment Terms of access Winds of change Chapter Summary Key Terms Review Questions Review Questions Answers References The legal/political aspect is very important in global marketing. "International law" can be defined as rules and principles that states and nations consider binding upon themselves. This raises two interesting
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Legal 2 Test 2 Studyguide Sole Proprietorships the simplest form of business organization. Sole proprietorships are the most common form of business organization in the US. Major advantages: * Forming a sole proprietorship is easy and does not cost a lot. * The owner has the right to make all management decisions concerning the business‚ including those involving hiring and firing employees. * The sole proprietor owns all of the business and has the right to receive all of the
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responses to changes in its business environment. ASDA Group (ASDA) owned by Wal-Mart group company‚ is a grocery and general merchandise retailer in the UK. In 2008‚ ASDA recorded a profit before tax of £520.4m‚ down slightly from £532.7m but exceeding arch rival Sainsbury ’s. ASDA ’s sales hit £18.57bn‚ up from £16.7bn‚ in ranking the chain third in the supermarket hierarchy after ASDA and Sainsbury ’s. There have been many changes in ASDA ’s business environment over the last 65 years. ASDA
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