association of two or more individuals to carry on a business for profit. Many small businesses including retail‚ service‚ and professional practitioners‚ are organized as partnerships. Like the other types‚ partnership contains its own features and characteristics which help to differentiate itself from the others. First of all‚ in terms of the number of partners‚ there are no less than two partners who are joint owners of the company and carry out business. In addition to general partner‚ there may also
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Identify and explain any FOUR (4) characteristics of a partnership. A partnership means a business is founded by two or more individuals‚ for example like small businesses which including retail or services business. There are certain characteristic for partnership‚ the first characteristic is partnership is limited life. Partnership may only established in certain year based on the partnership agreement. Partnership is easy to be terminate if one of the partner is death‚ bankruptcy or do not carry
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Gentlemen. Survey & Report. Some may believe that being “gentleman” or a “lady” in today’s society is an outdated notion‚ but others may disagree. (1) Briefly summarize the main characteristics of a well-rounded person‚ “l’u omo universal‚” referring to specific sections within the excerpt from The Courtier which identifies these characteristics. (2) Create a “survey” based on the identified characteristics and “ poll” at least ten people to find out whether or not the characteristics are relevant for
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Goods/Services Provided- Needs or Wants? Enbridge Inc. is an energy company that TRANSPORTS‚ GENERATES‚ and DISTRUBUTES goods like oil; its biggest and main product is natural gas. Enbridge Inc. takes the raw material which is the natural gas from the earth generates it‚ and then they transport the gas to other countries and provinces‚ or distribute the gas to buildings and homes. The homes need the gas for things like the oven and other energy consuming appliances which we use on a daily basis
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Characteristics of Corporations Corporations represent an important type of organization. Their unique characteristics offer advantages and disadvantages. Advantages of Corporate Characteristics Separate legal entity: A corporation conducts its affairs with the same rights‚ duties‚ and responsibilities of a person. It takes actions through its agents‚ who are its officers and managers. Limited liability of stockholders: Stockholders are liable for neither corporate acts nor corporate debt
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t Liam Doyle Business HL G11 Mr. Garry Thorpe Farm Chokchai Word count: 2800 Owning over three thousand cattle and owning over eight thousand acres of land‚ farm Chokchai is not only Thailand’s leading manufacturer
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past century. Second‚ what differences were there in organizations a century ago‚ and compare to today’s organizations. And lastly I will also tell of the trends in today’s formal organizations in modern society. I will describe how each of the characteristics for formal organizations will need to evolve or change in Micah’s organization to be more open and flexible. And I will give an overall prediction based on my research on how organizations like Micah’s may evolve in the future. The evolution
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Characteristics of Information Good information is that which is used and which creates value. Experience and research shows that good information has numerous qualities. Good information is relevant for its purpose‚ sufficiently accurate for its purpose‚ complete enough for the problem‚ reliable and targeted to the right person. It is also communicated in time for its purpose‚ contains the right level of detail and is communicated by an appropriate channel‚ i.e. one that is understandable to
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It is apparent that characteristics of MLO such as its history‚ its members‚ its location‚ and crimes they have committed demonstrates sufficient qualities to acknowledge it as a criminal street gang under the STEP act (Trial Brief‚ 2006). MLO originated in 1960’s from a group of surfers‚ members being predominantly white‚ that wanted to protect Malibu’s Private beaches against non-locals. It later developed into a more serious street gang‚ who continuously terrorized innocent individuals‚ committing
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Diana Carter Sociology 201 Bureaucracy and its Characteristics According to the Webster’s dictionary bureaucracy is a complex structure of office‚ tasks‚ and rules in which employees have specific responsibilities and work within a hierarchy of authority. Bureaucracy is all around us. Bureaucracies are found in our government‚ corporations‚ schools‚ and the everyday workforce in general. All bureaucrats answer to the chain of command that keeps responsibilities and assignments in order to
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