Sole proprietor Advantage (1) Easy to establish: Sole trading concern can be established very quickly and easily. Anybody who wants to start a business can do so‚ whenever‚ he likes. In Nepal‚ only nominal legal formality of registration is necessary. (2) Easy to dissolve: Dissolution of sole trading concern equally simple. There are no legal formalities in this regard. Proprietor can dissolve business whenever he likes to do so. (3) Effective control: In this form of business organization‚ proprietor
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A4060519 Student´s Name: Michael Wanderley Mallmann Spanholi Business Environment LO1. Understand the organizational purposes of businesses 1.1 Identify the purposes of different types of organisation The UK legislation allows different types of legal structures to do business in its area. In the private sector‚ the following forms of companies can be seen: Sole trader is a business owned by an individual who is self-employed‚ but staff can be hired on either a full-time or a part-time
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hurt or helped by the actions of Ernon management? Although the company thought the things happened is not right‚ the truth is the shareholders and mutual fund investors lost $70 billion in market value‚ and also the bad loans. Moreover‚ not only did Enron creditors‚ shareholders‚ and bondholders lose out‚ confidence also fell across the market‚ as investors questioned the integrity of the financial statements of other companies in which they held stock. Congressional committees initiated investigations
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to. I am good at making sure I get what I want and even when am not a hundred percent well I still manage to pull of amazing work‚ ideas and many contributions to the society. I did not complete my secondary education to form 6th level but managed to obtain great grades in form 4. The grades obtained were from a Cambridge examination‚ well known as the IGSCEs. I managed to put in the bag a few A’s‚ B’s and a couple of C’s. An A in English as first language‚ an A in Information Communication Technology
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come in many different sizes‚ sectors‚ ownership and scale. The size of the business depends how many employees there are. For example they’re categorised into micro‚ small‚ medium and large. Micro organisations have a maximum of 9 employees‚ small organisations have a max number of 49 employees‚ medium organisations have a max of 249 employees and large organisations have a max number of 250 employees. The scale of a business depends whether it’s local‚ regional‚ national or global. The different sectors
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Limited Companies Private Limited Companies - Ltd Many private limited companies start out as sole traders or partnerships. They are mostly small scale operations and often run by family members. They form a limited company to: 1. Improve their financial security as the owners (now called shareholders) are no longer personally liable for the business debts. This is called limited liability. This means that if the company went out of business and left debts then the shareholders would only lose
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Business is Show Business: An Article about Business Presentations By Mohamed Daher The article was written by Brigitte Biehl-Missal. She is a professor in the Aberystwyth University. It was published in the Journal of Management Studies on May 2011. The article does not talk about management procedures or decisions‚ but rather‚ it talks about business presentations and the impact of visual and on-stage performances of senior managers and CEOs when they are giving presentations. What does the
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taking commercial advantage of global operational differences‚ similarities and opportunities in order to meet global objectives. There are many situation that is creating conflict‚ cultural differences is an example that have affected marketing success or failure. Lack of understanding of culture can lead to failure to communicate effectively‚ which can be extremely detrimental to a business venture (Dulta 2008‚ Steenkamp 2011). Awareness of
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Prostitution: A Modern Form of Slavery A Study on Marina Lewycka’s “Business Philosophy” and Ric Esther Bienstock’s “Sex Slaves” By: Ali Tabatabaeinia GS32970 November 2012 Introduction Prostitution‚ in the vast majority of cases‚ represents the ownership of women and children by pimps‚ brothel owners‚ and sometimes even customers for the purpose of financial gain‚ sexual gratification‚ and/or power and domination. Article 4 of the Universal Declaration states clearly
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TGIF Case Analysis Form PROBLEMS: a. Macro: There are a various opinions on whether or not the “beer bust” is a suitable tool of rewarding the company’s stuff or worker. Stan and Erin‚ they establish Quantum Software‚ feel that this time is beneficial because it gives a chance to “encourage the team concept” (Brown & Harvey‚ 1995). Bill however‚ after witnessing an employee stumbling as a result of his drinking‚ questions the company’s conditions of providing alcohol during the workday
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