Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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Polaroid Corporation‚ 1996 In late March 1996‚ Ralph Norwood was faced with the task of restructuring Polaroid’s capital structure. In the past‚ Polaroid had a monopoly in the instant-photography segment. However‚ with upcoming threats in the emerging digital photography industry and Polaroid experiencing recent losses in their market share due to Kodak’s competition‚ Gary T. DiCamillo‚ recently appointed CEO of Polaroid‚ headed a restructuring plan to stimulate the firm’s performance. The firm’s
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SUBJECTIVE PERFORMANCE MEASUREMENT: MULTI-CASE STUDY BASED ON CHINESE CORPORATIONS Gao Chen and Tang Guliang Business School‚ Beijing Technology and Business University‚ China and Business School‚ University of International Business and Economics‚ China Abstract Subjective performance measurement is a new hotspot in recent year western management accounting and motivation theory study. However‚ until now‚ there has been little research regarding the application of this theory in China. In order
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A case study on Blade Int Corporation about Inflationary effect 1. How could a higher level of inflation in Thailand affect Blades (assume U.S inflation remains constant)? Although the Blades have already a decreasing demand for “Speedos” and the rate of inflation is high relative to U.S inflation rate. It will affect the current account of Thailand which would be expected to decrease and due to this scenario the exports of demand for other countries will also decline. 2. How would Blades
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After the colossal Equifax data breach‚ should CEO Richard F. Smith be put in jail? According to NBC‚ the breach affected up to 143 million people. This is nearly half the population of the United States. The breach revealed credit card numbers‚ social security numbers‚ addresses‚ and other information. NBC also stated the breach did not just affect Equifax customers meaning everyone should be cautious. These and other reasons are why individuals believe Richard F. Smith should be jailed. Richard
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“American Chemical Corporation” Case Summary The key problem in this case is should Signal decide to approve the acquisition of the Collinsville plant at the price and on the terms proposed in the case As per an agreement with the government‚ American Chemical Corporation needed to sell the Collinsville plant after the acquisition of Universal Paper Corporation‚ or it be in violation of the anti-trust law. In the case‚ Signal agrees to buy the entire assets of the Collinsville plant at the price
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Assume today is June 1‚ 2009. Natasha Kingery is 30 years old and has a Bachelor of Science degree in computer science. She is currently employed as a Tier 2 field service representative for a telephony corporation located in Seattle‚ Washington‚ and earns‚ $38‚000 a year that she anticipates will grow at 3% per year. Natasha hopes to retire at age 65 and has just begun to think about the future. Natasha has $75‚000 that she recently inherited from her aunt. She invested this money in 10-year
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Business Ethics The Corporation ‘The Corporation’ had a specific aim to portray the problems of not just one corporation‚ but corporations as a whole‚ as is evident from the beginning of the film as a multitude of big business logos flashed across the screen. The film proceeded to highlight the issues surrounding: globalization and consumerism‚ environmental pollution and disregard for the planet‚ unethical marketing‚ and dishonest media. Personally‚ I feel that I’m quite open-minded when it comes
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Memorandum Date: February 26‚ 2010 Re: Introduction of new package for Skin-Tique’s Soft and Silky Shaving Gel The industry for women’s shaving creams and gels is small and new. The purchasing of women’s shaving products varies by season. The peak season is summer‚ while sales decline in the winter. Competition is strong‚ but Skin-Tique has a strong presence. The women’s wet shaving products industry‚ as a whole‚ is rapidly growing and increasing in technological advancement. The wet shaving
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1. The “crisis of confidence” on the public accounting profession was not something that happened overnight and it is not the fault of one group of people or individuals. The accounting profession is partly to blame for this crisis‚ as the necessary rules‚ regulations and guidelines were not in place to hold companies and accounting firms responsible for their actions. The lack of regulations also allowed companies to partake in misleading transactions. These transactions were perfectly legal
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