Part A Sole Proprietorship: A sole proprietorship is a business owned by one person. It is the most frequently used form of business and most small businesses begin as sole proprietorships. It is the easiest and cheapest type of business to start. • Liability: A sole proprietor is financially accountable for all of the unpaid debts of the business. The sole proprietor’s business assets and liabilities and his or her personal assets and liabilities are the same. If the business were to go out
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Introduction Eutrophication is an increase in the amount of plant nutrients in a body of water(Ford-2000). A Eutorhication process that takes a long period of time to occur. It involves the transformation of a new lake and an old one. Because it has clear water and low nutrient content the young lake is called oligotrophic‚ and the older lake is different in that it is murky water and has a high level of nutrient‚ which is called atrophic. This process is natural and since it is it takes a long period
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TRAINING PROCESS AND TRAINING NEED ANALYSIS Introduction Training can be described as “the acquisition of skills‚ concepts or attitudes that result in improved performance within the job environment”. Training analysis looks at each aspect of an operational domain so that the initial skills‚ concepts and attitudes of the human elements of a system can be effectively identified and appropriate training can be specified. Training analysis as a process often covers: * Review of current
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Comparing Two Similar Businesses Describe the history and core business of each company. Amazon was founded in 1994 by a man whose name is Jeff Bezos. Mr. Bezos originally started Amazon in his garage. He believed that only the internet had the ability to grant consumers the convenience of being able to browse a myriad selection of book titles in the shortest amount of time. In 1995 he started the website Amazon.com which was primarily an online book store at the time. “During the first 30 days
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The Difference between Right and Wrong is Clear Is there a clear difference between right and wrong? Well‚ it all depends on what one has been trained to believe. When answering this question one must include many factors‚ such as religious morals and values‚ environmental influences‚ society‚ and etc. One might believe that stealing to provide for their family is okay‚ but another knows that you do not steal‚ no matter what the circumstances may be because it is wrong. As with the given example
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are five general aims or functions or justifications of punishment: 1. DETERRENCE There is a belief that punishment for crime can deter people from offending. There are two forms: - Specific deterrence is concerned with punishing an individual offender in the expectation that he will not offend again. - General deterrence is related to the possibility that people in general will be deterred from committing crime by the threat of punishment if they are caught.How this aim is effected -
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The objectives of accounting : 1) To keep systematic records: Accounting is done to keep a systematic record of financial transaction. In the absence of transaction there would have been terrific burden on human memory which in most cases would have been impossible to bear. 2) To protect business properties: accounting provides protection to business properties from unjustified and unwarranted use. This is possible on account of accounting supplying the following information to the manager
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Problem set 3 (Answer) 7.6. A farmer uses three inputs to produce vegetables: land‚ capital‚ and labor. The production function for the farm exhibits diminishing marginal rate of technical substitution. a) In the short run the amount of land is fixed. Suppose the prices of capital and labor both increase by 5 percent. What happens to the cost-minimizing quantities of labor and capital for a given output level? Remember that there are three inputs‚ one of which is fixed. b) Suppose only the cost
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OBJECTIVES AND SCOPE OF THE PROJECT The banking industry is one of the fastest growing industry in India. It is a mirror image of the economy of the country. With the liberalization of the economy‚ India has become the playground of major global banking majors. The major objectives of the study are as below: To analyse how political‚ economical‚ socio-cultural‚ technological factors affect this industry by PEST analysis. To find out level of competition in Indian banking industry through
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Is there a clear divide between books for adults and books for children? On the surface one may feel that there is a clear divide between children’s books and adults. For instance if we take a look at a typical children’s book cover we often find them to be colourful and decorated with illustrations. In contrast to the supposed adult books that often have mundane simple covers. However‚ to distinguish if there is a clear divide between children’s books and adults books one must look further
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