but must be careful not to violate public policy What is the duty of a party to the firm when he is planning to leave but hasn’t yet left? You cannot seek out firm’s clients while you are still working there Hamburger Did not solicit clients’ business while he was still their employ Anderson Rule: categorical – fiduciary duty obliges the fiduciary to act in the best interests of his client or beneficiary and to refrain from self-interested behavior not specifically allowed by the employment contract
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Case Studies – Types of Business Organization (Ownership) Case 2: Joseph LeBlanc‚ a student looking for summer employment‚ opened a bait shop in a small shed on a local fishing dock. For this case‚ I think the type of business here is Sole Proprietorship. Joseph LeBlanc a student looking for a summer employment and decides to open his own bait shop is a very big responsibility. If his business is Sole Proprietorship‚ it will benefit him in a lot of ways. He will be the boss of himself‚ which makes
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Explain Plato’s concept of the forms and the particular importance of the form of good. (25) Plato originally thought of the forms because of the concept of beauty. Although we see objects and think that they are beautiful‚ we never ‘beauty’. Also many different things can be beautiful‚ but in different ways but they all still have one thing in common‚ beauty. This leads to Plato concluding that there must be something which is ‘beauty’ that all of these things get it from. This idea of a universal
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Define control and discuss the control process and the importance of control in business organizations. * Define control Management process in which the (1) actual performance is compared with planned performance‚ (2) difference between the two is measured‚ (3) causes contributing to the difference are identified‚ and (4) corrective action is taken to eliminate or minimize the difference Control Process The control process is a continuous flow in Taj between measuring‚ comparing and action
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Q. Name & explain the different types of market Ans: A set up where two or more parties engage in exchange of goods‚ services and information is called a market. Ideally a market is a place where two or more parties are involved in buying and selling. The two parties involved in a transaction are called seller and buyer. The seller sells goods and services to the buyer in exchange of money. There has to be more than one buyer and seller for the market to be competitive. Monopoly - Monopoly
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The Structure of a Business Decision Executive Summary The Nakamura Company of Kyoto‚ Japan is famous for making quality and for middle class lacquer containers for the daily table. The company started selling the product under the brand Chrysanthemum which eventually became the leader in the market. The product became famous with the American GI’s after the World War 2 back when Japan was under rehabilitation with assistance of the United States. Aside from the purchases made by the GI’s
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The Impact of Electronic Business on the Organisation Ronel Smith Information and Communication Technology - icomtek CSIR South Africa rsmith2@csir.co.za Abstract E-business is fast becoming an important initiative for companies to consider‚ one that impacts every aspect of how a business is run. This report investigates the impact of e-business implementation on various aspects of the organisation including; strategy‚ human resources‚ customer relationship management‚ the IT department
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Introduction A business also called a company‚ enterprise or firm is a legally recognized organization‚ designed to provide goods and services to consumers. According to the purpose of the business‚ ownership of the business and nature of economic contribution of the business; the business can fall into one of the three standard sectors. There are; private sector‚ public sector and nonprofit sector. The part of the economy concerned with providing basic government services is called public
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Human Resource Management Institute (HRMI) Edexcel BTEC HND in Business – HRM Unit No/Title: Unit 1/Business Environment Unit Code: Y/601/0546 Assignment No: 1/2 Assignment Title: Organization Purpose & It’s Environment Grading Opportunities Available Date Set: 7th October ‚ 2012 Due Date: 4th November 2012 Student ID: ______________________ Student Signature: ___________________ Outcomes/Grade Descriptors Achieved (Please Tick)
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Legal Forms of Business Organizations Carol Sauceda FIN/419 February 4‚ 2013 Kristtine Donnelly Legal Forms of Business Organizations In business‚ there are legal forms that organizations are classified under. There are three most common forms of business organizations‚ sole proprietorship‚ partnership‚ and corporation. The life cycle theory of the firm starts out as a proprietorship. As a firm grows larger‚ more complex and needs more capital than is available from the proprietor‚ the proprietor
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