Business Organization HCS 567 Business Organization Starting any business venture has many challenges. One of the most important decisions to be made to help ensure success is choosing the correct business organization. In order to choose the correct type of organization it is important to understand each type of organization along with the pros and cons for each. Sole Proprietorship The most prevalent organizational type is the sole proprietorship. Sole proprietorship is usually found among
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Finance Ch. 8 1)Most manager are risk-averse‚ since for a given increase in risk they require an increase in return True 2) IF a person required return decreases for an increase in risk that person is said to be Risk-Seeking 3.) Risk aversion is the behavior exhibited by managers who require a greater than proportional _________ (a) increase in return‚ for a given decrease in risk. (b) increase in return‚ for a given increase in risk. (c) decrease in return‚ for a given increase in risk
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514). UPS recruited 55‚000 seasonal employees to meet seasonal needs and Abell spends a large amount of time developing a shipment plan just for the holidays. Scott Abell uses the control process to plan how these shipments ship out only the next day‚ two day‚ or three days after the holiday. This is not an efficient way to ship packages to customers‚ because keeping the practices the same does not allow room for mistakes and corrections. 3. If you were charged with creating a balanced scoreboard for
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Chapter 14 Retention Management Turnover and Its Causes True / False Questions 1. There are several positive‚ functional outcomes of employee turnover. True False 2. Avoidable turnover is that which could have been prevented by actions like a pay raise or a new job assignment. True False 3. An employee’s perceived desirability of movement can depend on reasons that have little or nothing to do with the job. True False 4. An employee’s overall intention to quit
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is developed to attract and retain the best and talented employees. A merit pay compensation strategy is used for an incentive pay based on goals and achievements set by the employer. Compensations that are recommended for this company is a health benefit package that is managed by the employees. This package consists of medical‚ vision‚ and dental coverage. The medical insurance is PPO and HMO of choice. Dental coverage has a limit per person of $1500 of service a year. Vision has
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program‚ was adopted in 1965 to provide health coverage and services to the elderly seniors (over 65) and disabled citizens without regard to income or medical history. Its funds come directly from federal governments and beneficiaries. Medicare revenues come from interest‚ taxation of social security benefits‚ state payments‚ payroll taxes‚ beneficiary premiums and general revenue. The government uses money generated from taxes to reimburse providers who take care of patients enrolled in these programs
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It takes time to make money Time is money Correct! Money to be received or paid at one time is not of the same value as money to be received or paid at another time A dollar to be paid today is worth less than a dollar to be paid next week Question 2 0 / 2 pts It is important for managers to be familiar with time value of money concepts because:<br> It is important for managers to be familiar with time value of money concepts because: Correct Answer You need them to measure
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Theory On November 24‚ 1859‚ Charles Darwin published On the Origin of Species by Means of Natural Selection. Darwin’s book drew a cohesive picture of life by connecting what had once seemed a bewildering array of unrelated facts. Darwin made two major points in The Origin of Species: I. Today’s organisms descended from ancestral species that were different from modern species. II. Natural selection provided a mechanism for this evolutionary change. The basic idea of natural selection
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Vincent Mazzaro One of the most controversial subjects in the news today is health care. The problem is not that the doctors can’t cure all of their patients‚ but it’s about how costly it is to cure all of these patients. The cost of helping these patients is paid for through Obama’s new national health care‚ which people’s taxes pay for. However‚ these taxes are sometimes not afforded by a certain majority of people. This makes matters even worse because all the procedures performed on these
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Health Care America has a highly developed health care system‚ which is available to all people. Although it can be very complex and frustrating at times‚ it has come a long way from the health care organizations of yesterday. Previously‚ most health care facilities were a place where the sick were housed and cared for until death. Physicians rarely practiced in hospitals and only those who were fortunate could afford proper care at home or in private clinics. Today the level of health care
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