------------------------------------------------- What are the different types of cheques Cheque is an important document that an individual‚ companies‚ governments and many others use to transact their business. By definition‚ cheque can be termed as a negotiable document to transfer money either in physical form or to effect inter account transfer. Unless or otherwise stated‚ a cheque is a signed unconditional order addressing the bank to credit it by the issuer. The issuer of the cheque
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There is no one type of government that is way better than the others. In a unitary government the entire country is controlled as one and the government has all the power. In a confederate government the individual states have a lot of independence and there is a weaker and limited central government. A federal government is between unitary and confederate where the individual states still have power but the central government also has power. A unitary government does not allow the individual states
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Sole trader – Definition: A sole trader is a company started and run by one individual A sole trader - also known as a sole proprietorship or simply proprietorship - is a type of business entity which is owned and run by one individual and where there is no legal distinction between the owner and the business. Sole trading is widespread- A very large proportion of business conducted in the UK is undertaken by the trader working on his own usually providing his own money (capital) to start
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three or even five years. The basic process of planning a budget involves listing the business’s fixed and variable costs on a monthly basis and then deciding on an allocation of funds to reflect the business’s goals. Businesses often use special types of budgets to assess specific areas of operation. A cash flow budget‚ for instance‚ projects business’s cash inflows and outflows over a certain period of time. Its main use is to predict business’s ability to take in more cash than it pays out. The
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or when the right opportunities are presented. Some of the disadvantages of having a sole proprietorship are the simplicity of operating the business‚ ability to have complete control over business affairs‚ increased personal income‚ and simpler government regulations to follow. The disadvantages are the unlimited liability the owner has‚ the possibility of losing personal assets invested‚ and limited life (Fay‚ 1998). An entrepreneur must be willing to take risks when venturing out to start a new
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Types of Business Organisation GCSE Business Studies tutor2u™ Revision Presentations 2004 Introduction A business is always owned by someone. This can just be one person‚ or thousands. So a business can have a number of different types of ownership depending on the aims and objectives of the owners. Most businesses aim to make profit for their owners. Profits may not be the major objective‚ but in order to survive a business will need make a profit in the long term. Some organisations however
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September 1997‚ must stay in either: Full time education Training schemes such as apprenticeships Part time education or training as well as part time work whether that be paid or voluntary There are many different types of schools across England. Each with different working practises and different funding methods. Children are able to enter infant schools from the age of 4 until they are 7. They then move onto the junior section which from 7 until 11. From junior school they progress to secondary
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Types of Constitution * Written and Unwritten Most constitutions are enacted or codified‚ either in a single document or series of documents. Many countries have followed the models of the US or French constitutions. The UK constitution is considered to be unwritten‚ despite key documents such as the Human Rights Act 1998 which could be viewed as constitutional documents there is no systematic code. The only other states not to have entirely written constitutions are New Zealand and Israel
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Types of Infrastructure Infrastructure is divided into two major classifications‚ "hard" and "soft". "Hard" is obviously the roads‚ bridges‚ etc. It also relates to the big physical networks essential for the functioning of a modern industrial nation Hard infrastructures refers to physical facilities or installations needed to operate‚ manage and monitor a system with the intention that the structures to be permanent whereas "soft" infrastructure is human capital and institutions that develop it
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Assignment 302 Task 3 Assessment Criteria 1.2 1.2 explain the characteristics of the different types of schools in relation to educational stages and school governance From the information in the session‚ fully describe the characteristics of each of the following types of schools in relation to educational stages and school governance : 1. Community Schools Run by LA’s who own both the land and buildings and are responsible for employing the staff. The LA decides
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