Ambi Williams MGT440- Small Business Management April 16‚ 2015 Case # 2 Question 1: What steps can the Fosters take to increase sales at the Circle R Ranch? Should they enter the wedding market? What are the advantages and the disadvantages of entering this market? In order for the Foster’s to increase sales at the Circle Ranch more option should be offered to clients. Entering the wedding market would help increase the sales. Advantages of entering into the wedding market will bring in a new group
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surprising that the small businesses are treated differently than large firms. Initially I thought that both were scrutinized under the same laws but after reviewing the U.S. Equal Employment Opportunity Commission website as well at the U.S Small Business Administration site there are definitive acts that are different. Some of the areas that seem to be different are the workplace safety‚ corporate governance‚ business organization and health insurance. The small business Administration has a
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Starting a small business can be exciting and enjoyable. However‚ it can be quite complicated‚ and may challenge you in ways you had not imagined. Knowing the problems and how to deal with may help you to prepare for the unexpected‚ and possibly help avoid common failures. The majority of small businesses that fail do so because of lack of cash. Often‚ this is because owners borrow based on their ideas of a small business‚ instead of borrowing for a worst-case scenario. Without adequate cash flow
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created as a separate and distinct legal entity that may be owned by one or more individuals or entities is called a:Answer | | | | | Correct Answer: | corporation. | | | | | * Question 2 2 out of 2 points | | | Paul is the owner of Paul’s Cabinets‚ which is a sole proprietorship. The firm cannot pay its bills because a large customer defaulted on payment. Which one of the following statements is correct given this situation?Answer | | | | | Correct Answer: | Paul
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would the owners of Lakeside‚ as well as the company’s banks‚ require that an annual audit may be made by an independent CPA firm? Auditing in general‚ is necessary because of the existence of Information risk or the risk of unreliable information. Owners of lakeside may own the company but they are not closely involved in managing the business with the exception of Rogers‚ the only owner involved actively in the business’ day to day operations. So‚ an independent audit for non-managing owners provides
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Characteristics of entrepreneurs------------------------------------------------------3 Am I an entrepreneurial “type” of person? -----------------------------------------4 The influence of contexts on entrepreneurial characteristics-------------------5 “Family business” ------------------------------------------------------------------------5 “Small business owners” ----------------------------------------------------------------6 Conclusion----------------------------------------------------------------------------------6
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I was born in 1978‚ and started my life-education when I was at 5 years of age in a USM kindergarten‚ Penang. I grew up in Penang‚ had an ordinary secondary education in two schools (SMKA Almashoor and St. George’s Girls School)‚ which I find two different cultures in both schools. While in an Islamic school‚ we were thought all the essential Islamic values which (I think) made the most of who I am today. Meanwhile being in St’ George’s Girls School‚ a multi-cultural school‚ has developed me into
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Octopus card Small family run groceries‚ vegetable stores Big well-known clothing or departmental stores‚ e.g. Sogo 1.Cost of setting up in using Octopus Generally small profit margin and low value-added business‚ painful for them as setting up Octopus raises extra cost.(hundreds monthly rent)The works or the owners are usually with low skill and education level‚ time cost and money cost may increases when they go learning of how to serve using Octopus machines and networks. It’s possible
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corporation is by knowing the characteristics that makes a corporation. The unique characteristics of corporations are consist of limited liability of stockholders‚ free transferability of shares‚ perpetual existence‚ and centralized management. In relation to John Marshall who is the chief justice in 1819 defined corporation as an artificial being‚ invisible‚ intangible‚ and existing only in contemplation of law in which the entity separate and distinct from its owners. (Weygandt‚ 2005‚ p. 527) Since
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1. Introduction Slavery is a disgusting reality which took place in few centuries ago. Some people who are called slave traders used human beings to obtain what they aimed to get; they usually had materialistic aims. The slave owners hadalso a main role in slave history as they bought slaves in markets to use them in the working fields or houses. The plantationwas the duty of the majority of slaves‚ but this type of job was not normal atthat time and for those people as they were deprived by their
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