Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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The primary advantage of a corporate form of business is that a corporation is a stand-alone entity‚ which means you are not personally liable for the assets and debts of the business. Incorporating protects your personal assets from lawsuits‚ debt collection and other business issues that can arise. The stand-alone entity also separates tax liabilities‚ which is another advantage. This means that the corporation’s taxes are separate from your personal tax liabilities. As a business
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Case study: Business Process Reengineering General Motors Corporation “General Motors is one of three leading automotive manufacturing companies in the United States. Based in Michigan in 1903 by Henry ford and grew to reach revenue of $150 billion and more than 370‚000 employees by 1996. In the 1970’s‚ the automobile market for the major auto makers - General Motors (GM)‚ Ford‚ and Chrysler- was crunched by competition from foreign manufactures such as Toyota and Honda. In 1999‚ Ford acquired
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You are required to prepare an investigative report on a recent corporate scandal that involved improper accounting practices or any form of financial scandal. Your report must include the following: an overview of the corporation a description of the scandal methodology - explaining the specific accounting impropriety that the company used. an explanation of how the firm managed to hide their accounting improprieties a discussion of who the scandal effected - both inside‚ and outside
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Reaction Essay: The Corporation The documentary The Corporation‚ directed by Jennifer Abbott and Mark Achbar and produced in 2004‚ although bias‚ opens many doors for discussion in regard to capitalism and the role of corporations in our lives. I found the documentary to be presented professionally‚ and filled with legitimate facts more so than extreme opinion. The documentary truly outlines the "all-pervasive" role the corporation has taken as the "world’s dominant institution". The film opens
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Food and shelter are essential to human survival‚ and in various cultures art and rituals help ensure these neccesities. Moreover‚ the relationship between art and food and shelter ensures the serving‚ storage‚ and enjoying the food. The painting by Wayne ThieBaud Pie Counter (Figure 5.15) deal with food as a visual display and as a popular icon rather than as nutrition for the body. The object- pie- is a clear relation to the food that we consume‚ but it also manifest a context which also illustrates
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Subjects English (Précis & Composition) English Essay General Knowledge (a) Current Affairs 100 (b) Every Day Science 100 (c) Pakistan Affairs 100 Islamiat Viva Voce Total Maximum Marks 100 100 300 100 300 900 600 120 4 5 Qualifying marks in the aggregate of written papers: Qualifying marks in the Viva Voce: The non-Muslim candidates will have the option to take Islamiat as a compulsory subject or otherwise Pakistan Affairs (General Knowledge PaperIII) will be treated of 200 marks and
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Business Ethics The Corporation ‘The Corporation’ had a specific aim to portray the problems of not just one corporation‚ but corporations as a whole‚ as is evident from the beginning of the film as a multitude of big business logos flashed across the screen. The film proceeded to highlight the issues surrounding: globalization and consumerism‚ environmental pollution and disregard for the planet‚ unethical marketing‚ and dishonest media. Personally‚ I feel that I’m quite open-minded when it comes
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References: Klingman‚ D.‚ N. Phillips‚ D. Steiger‚ and W. Young‚ “The Successful Deployment of Management Science Throughout Citgo Corporation‚” Interfaces 17 (1987‚ no. 1):4–25. Makuch‚ W.‚ J. Dodge‚ J. Ecker‚ D. Granfors‚ and G. Hahn‚ “Managing Consumer Credit Delinquency in the US Economy: A Multi-Billion Dollar Management Science Application‚” Interfaces 22 (1992‚ no. 1):90–109. Taylor
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The Generals In my personal opinion‚ I think that the Generals assemblage was a great success. Many websites and a book that I have looked at said that the statue gives off a humorous feel than serious. Most serious sculptures would only depict one rider on a steed‚ whereas the Generals has two men (one being our country’s Founding Father and the other Simón Bolívar‚ the political and military leader of Venezuela). It is also to be noted that the way the horse is depicted in the statue--it is very
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