prepare discussion points for the five questions at the end. Tutorial activity 4: In-class multi-choice quiz. Your tutor will print out the quiz and administer in class. Students will be given 10 mns to attempt the quiz. Your tutor will then discuss the solutions in
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1. Sole trader businesses are the easiest to set up because there is no complex paperwork. The business and the owner are the same person in law. The sole trader does not have limited liability which means that they are responsible for all the debts of the business. The sole trader has to produce an annual accounting return for the Inland Revenue. 2. Partnerships are set up by a Deed of Partnership which is a document made out by the partners and witnessed by a solicitor. This Deed sets out the
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International trade is the exchange of capital‚ goods‚ and services across international borders or territories. Trading aides the country in multiple ways; providing lower cost to a consumer‚ better healthcare‚ technology and even education. But there are also negative effects of trading. Some if asked fell that international trading is a necessary evil. It helps economies grow and can increase the welfare of society. However there should be a tighter restriction on what is to be traded and exactly
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Legal Forms of Business: Week 2 Legal Forms of Business In business‚ the first decision that is made is usually the most difficult. When making business decisions‚ the owner must decide what types of business organization is the best for the company. There are seven forms of business that will be discussed as well as scenarios in which each of these forms of business would be the preferred form. This paper will also justify why the corresponding business form is preferred. The forms
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Effects of Technology Essay Technology and the changes it brings can have a very big effect on our lives. Which technological change has had the largest effect on life in this country? Why? Prepare at least a 350-word essay explaining the technology you have chosen and how it has affected our lives. As you write your paper‚ remember your essay will be scored based on how well you address the following: • Develop a multi-paragraph response to the assigned topic that clearly communicates
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Strengths | Weaknesses | * L’Oreal operates in Europe‚ Asia‚ North America‚ South America and Oceania. * Celebrities from each area endorse L’Oreal products‚ this means they have adapted their products to each country they operate in. * Loyal Customers. * Quality products and a reasonable price. * Popular beauty brand. * When customers are abroad they will be able to purchase L’Oreal products whist away from home. | * L’Oreal has a lot of competitors who are also a MNC. For example
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Forms of Business Organization (provided by the Missouri Small Business and Technology Development Centers) One of the first decisions that you will have to make as a business owner is how the business should be structured. All businesses must adopt some legal configuration that defines the rights and liabilities of participants in the business’s ownership‚ control‚ personal liability‚ life span‚ and financial structure. This decision will have long-term implications‚ so you may want to consult
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Legal Forms of Business LAW/531 Business Law March 4‚ 2013 Dr. Linda Fried Legal Forms of Business Businesses exist and managed in many of the same ways. However‚ there are many formats that businesses are operated in. From sole proprietorship to different partnerships to corporations‚ each form has many similarities‚ but they are very different types of businesses. Each business entity will vary on three primary factors: liability‚ taxation and record-keeping (Entrepreneur‚ n
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the right type of Business form LAW/531 How to choose the right type of Business form Today’s business world has many choices for the new entrepreneur to decide from when forming a business. The choices are sole proprietorship‚ partnership‚ limited liability partnership‚ a limited liability company‚ a S corporation‚ a franchise‚ and a corporate form. Development of scenarios portraying each of these forms of business will aid the entrepreneur with deciding which form will be the best choice
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The Effects of Technology There is no escape from technology. In most cases this is not a problem though. Many people respect and admire technology because it is there to benefit them. Without the technological advances we have had over the years‚ the world would not be what it is today. What people don’t understand is that technology can actually be a bad thing. In society today‚ people are looking for more and more ways to be entertained‚ and all it is doing is causing problems
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