business and most small businesses begin as sole proprietorships. It is the easiest and cheapest type of business to start. • Liability: A sole proprietor is financially accountable for all of the unpaid debts of the business. The sole proprietor’s business assets and liabilities and his or her personal assets and liabilities are the same. If the business were to go out of business‚ bill collectors could come after the business owner’s individual wealth to pay the debts owed to them. • Income Taxes:
Premium
she was found guilty on all four counts against her‚ she could still be considered to have acted ethically. To determine the responsibility and ethics of her actions‚ the specifics of the case will be applied to a process to determine both the utility and the consequences of her actions. What was the affect of her actions (utility)‚ what were the rights and duties involved (deontology)‚ and ultimately‚ a decision as to were here actions ethical? Who did Martha Stewart’s actions hurt? Who did they
Premium Ethics Business ethics Corporation
c u -tr a c k .c Back to Company Performance and Results Board Meeting 1 Introduction to feedback Strategy in action Purpose At the end of each decision period there is an opportunity to review the Agenda Items for that decision period and the issues that they raise for the WRSX Group. The purpose of this feedback is to enable the participant to answer the following questions: 1. Were you able to identify the key strategic issues raised by the agenda item? 2. Were you able to anticipate
Premium Strategic management
problem the three foundational ethical principles of utility‚ justice‚ and respect for persons. These principles create a framework for the equitable allocation of scarce organs for transplantation. To solve the ethical challenges Ms. New shall apply the eight key steps before taking any action. Multistep decision-making Step One: Clarify the conflict Step Two: Identify all stakeholders and values Step Three: Understand the circumstances surrounding the ethical conflict • Takes utility into account
Premium Ethics Organ transplant Morality
making decisions but whether their actions are ethical or not should always being something that is considered. Consumer Demand Consumer demand can directly impact how companies make business decisions. Consumer demand can dictate the production of goods‚ which can cause companies to look towards the bottom line in order to maximize profits while minimizing cost. The cost of cheap labor can be appealing when on a budget. This can lead companies to make decisions that are considered unethical
Premium Employment United States Sweatshop
Running head: ETHICAL FILTER WORKSHEET Ethical Filter Worksheet Jennifer Brauss University of Phoenix Ethical Filter Worksheet | | | | |Value |Personal Source |Justify the Value’s Position in the List. Include any | | |
Premium Ethics Morality Virtue
What could you live without? Walking down the hallway‚ I was thinking about the topic “What could you live without” and I couldn’t think of many things. Things that we used in our life basically charge an important role of a human society. For example‚ foods‚ water‚ shelter‚ smart phone‚ clothes‚ computers and etc. As I was reading “What could you live without?” by Nicholas Kristof‚ it prompted a lot of ideas. I looked around my house and all the stuffs that I have is the stuff that we need it
Premium Thought Poverty Mobile phone
INTRODUCTION In order to evaluate the main measures of development and the most appropriate for Zambia’s development‚ this paper will discuss the main measures of development for better understanding. The paper will also discuss how these measures can be useful in measuring development and also the limitations they face. Thereafter‚ the conclusion will be drawn according to the possible findings presented in this essay. The main measures of development discussed include Income Per Capita and the
Premium Human Development Index Gross domestic product United Nations
There is a myriad of ethical issues involved in an acute hospital setting where multiple issues may need to be addressed before‚ during‚ and after an admission to an intensive care unit. An Intensive Care Unit lends itself to an environment that is often chaotic with health care professionals busily caring for patients with critical medical needs and family members who are often not prepared for the worst-case scenario‚ especially end-of-life issues. Ethical issues are further complicated when
Premium Ethics Philosophy Business ethics
Financial Policy Responses 3 Maintaining Fiscal Control While there may be some dispute over what constitutes an optimal long-run fiscal stance for developing countries there is little‚ if any‚ about the importance of ensuring that this stance persists over time.12 A number of papers have studied variations in the persistence of periods of fiscal stability‚ contrasting the experience of middle-income and low-income developing countries with those of the OECD.13 Fiscal outcomes are found
Free Economics Macroeconomics