1 – The Purpose of Business Activity The economics problem: needs and wants. Basically‚ all humans have needs and wants. Needs are things we can’t live without‚ while wants are simply our desires that we can live without. We all have unlimited wants‚ which is true‚ since all of us want a new PC‚ a car‚ new graphics card‚ etc. that we actually do not need to live. Businesses produce goods and services to satisfy needs and wants. Although we have unlimited wants‚ there are not enough resources
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MUSB 2301 Intro to the Music Business Study Guide for exam no. 3 Chapter 7: Music Licensing Compulsory Mechanical Licenses Why compulsory 4 requirements for compulsory licenses The song is a non-dramatic musical work It has been previously recorded The recording has been publicly distributed in phonorecords Your use of the recording is in phono-records only When to notify author regarding a compulsory license Notify copyright holder within 30 days after making the recording
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International Business Checklist * What is the difference between Ethics & Morals. * Understand Hofsted’s four primary cultural dimensions. * Understand the meaning of ‘opportunity costs’. * Make sure you understand co ordinate/ Cartesian geometry. If not go & ask A.S.K. * Demand & Elasticity - Practice your percentages. * What is the difference between revenue & costs! When profit is at its maximum what is the gradient of the slope? * Competition depends on what
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Structure: 1. Introduction：what happened to the news of the world‚ and its brief impact 100 2. Body: 2.1 Question 1:using ethical theories and frameworks. Key ethical issues in the news of the world 850 words Utilitarianism‚ deontology etc. 2.2 Question 2: corporate governance and accountability‚ to what extent the news of the world failed. 450 words Developing cultures‚ code of conducts‚ ethical leadership 2.3 Question 3: Three practices to consider to avoid (what should have done to the
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becoming a global issue. So as it stands‚ environmental law has both international and national perspectives. I will take you through to both the perspectives of environmental law and also discuss in detail five international conventions of significance constituting provisions for the protections of environmental law. First let us go through what is meant by environmental law. WHAT IS ENVIRONMENTAL LAW? According to Wikipedia‚ Environmental Law is stated as a collective term describing international treaties (conventions)
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Steven Westgate BUS345.01 Business Law I Chapters 9‚ 10‚ 11‚ 12‚ 13‚ 14‚ 15‚ 16‚ 17‚ and 18 Professor Sappington November 3‚ 2003 1) This would indeed be a contract called an implied-in-fact contract. This is a contract that is implied from the conduct of the parties. Unlike other contracts‚ the contract was created through the conduct of the parties‚ not through words. This is what Miller and McCleskey have done. The parties both agreed through their
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CONTRACT LAW INTRODUCTION The Law of Contract governs the relationship between individuals in a wide range of circumstances. Everyday actions often involve making contracts and therefore the law has simple foundations. Contract law covers everything from simple shopping to large commercial deals and case law is wide in the matters that it covers also. Contracts are made by ordinary people in everyday situations many times a day e.g. buying a magazine‚ shopping‚ parking the car etc. Usually
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COMMERICAL LAW EXAM Agency Definition Agency may be defined as a relationship between the principal (P) and the agent (A) whereby A has the authority to create a legal relationship between P and the third party (T). The purpose of agency is that two people can enter a valid contract with one another without having to deal with each other personally. Instead‚ the contract or other transaction is brought about through A who when dealing with T acts or purports to act‚ on behalf of P. Authority
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June 16‚ 2014 Re: Ice Cream Parlor Formation Dear Betty and Betsy‚ I am aware that you are wanting to go into business because of your love of natural ice cream. I would like to discuss with you the various types of business entities that exist and the pros and cons of each. Specifically‚ I will discuss: Limited Liability Company and C Corporations. I have not included the general partnerships‚ limited partnerships‚ or S corporations as one of your choices for various reasons. With the general
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trees and no one should bear responsibility for Galindo’s death. It is an accident that is beyond the human ability to prevent and the case should be dismissed. Support your decision with an appropriate rule of law. The decision is based on custom/defenses to negligence. Custom rule of law states that there is no breach when the defendant acts in line as everyone else. And in this case the act of ignoring a leaning tree is
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