employees will be able to enjoy. Week 4 * When starting a business one of the first steps to determine is what form of ownership will your business be. There are three different types of ownership‚ the first one being the most simplest and popular; sole proprietorship. This form of ownership is where one person has the overall say on what goes on in the company as far as financial and business decisions. The next is a partnership in which two or more people co-own a business for the purpose of making
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Business 1: Cracker JackBusiness 2: Harris Academy at ` ` PeckhamHow does the type of organisational structure help achieve businessâs aims & objectives? The organisational structure of Cracker Jack is based on a flat structure.This can be located in Peckham next to Greggs. Even though the organisational Structure is small Cracker Jack can makea profit depending on their rent/mortgagesand also their expenses. Cracker Jack has an aim of making enough customers tocome in and out while making profits
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1. Free Enterprise-what to produce‚ how to produce it‚ what to sell it at 2. Profit-what remains after all of the expenses have been deducted from sales revenue. 3. Macroeconomics-national and global economy (think macro=big=global) 4. Microeconomics-decisions made by individuals and businesses (micro=small=individual) 5. GDP-(gross domestic product)-total value of all goods and services produced by people within the boundaries of a country during a one year period. 6. CPI(consumer price inex)-measures
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types of ownership‚ which makes up the different types of business organizations‚ which will be tested in tasks 1-3. Brief TASK 1 You are required to explain the different types of business organizations as listed below: - Sole proprietorship (10 marks) - Partnerships (20 marks) – Please discuss the different types of partnerships - Corporation (10 marks) TASK 2 For each type of Business organization identified in Task 1‚ discuss 2 advantages
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compare and contrast sole proprietorships‚ partnerships and corporation. In your essay describe each of these forms of business ownership (and compare them). And‚ provide three advantages of each based on text and class lectures. Most business is uncomplicated‚ owner-operated operations‚ or what are known formally as sole proprietorships. The owner or manager takes all the responsible for liabilities incurred by the organization and has control over its actin. Advantages of a sole proprietorship:
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____________________________________________________________________________________________________________________________________ 2] What is category of the company? a) Corporation [ ] b) Limited Liability Company [ ] c) Partnership Firm [ ] d) Sole Proprietorship [ ] 3] How old your company is? a) 1 to 3 year [ ] b) 3 to 5 year [ ] c) 5 to 8 year [ ] d) 8 to 10 year [ ] 4] The company is‚ a) Private Ltd. [ ] b) Public Ltd. [ ] 5] Category as an exporter‚ a) Direct
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product? (1-5 sentences. 3.0 points) Check the price see if it was a nice fabric and where it originated from. 4. Choose an example of a company you could start‚ and decide which business structure would make the most sense for that type of company (sole proprietorship‚ partnership‚ LLC‚ C corporation‚ S corporation‚ or nonprofit corporation). Explain why this structure would be good for this type of company. Give at least 3 reasons. (3-6 sentences. 6.0 points) I could start a corporation this structure
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A PROJECT FEASIBILITY STUDY On JMC Electronic Repair Shop Presented To the Faculty of CTU-Danao College of Technology Danao City‚ Cebu In Partial Fulfillment Of the Requirements for the Degree Bachelor of Science in Industrial Engineering Prepared by: Jemart Jimongala Melody Claire Sampan Jessel Dalaguit Caryn Hermoso Janine Calo Jennifer Mahinay Demy Partible Joseph Salibongcogon Jose Elninbert Capoy October 05‚ 2011 FEASIBILITY
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WORKSHOP QUESTIONS WEEK 2 –Questions based on Lecture 1‚ Introduction and Basic Concepts 1. Which of these could explain why someone would choose to operate as a sole proprietorship rather than as a corporation? a. Sole proprietorships have limited liability b. There are relatively few rules relating to the establishment and running of a sole proprietorship c. The firm can last forever d. It is easy to raise large sum of money e. All of these answers 2. The primary goal of a publicly-owned firm interested
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common software standard.” (What is the Internet? ¶ 1) The internet has endless possibilities; people are able to communicate with others all over the world. The Internet has given humans more freedom than ever‚ because the internet is not a sole proprietorship‚ the government does not manage the internet‚ but the internet is managed by the users. Families and friends can keep in touch‚ share photos and with the addition of the webcam can see one another. Communication on the internet is faster
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