“Scope of Business Organization” Section A Mr. Akram is working as Management Training Officer Grade II in Habib Bank Limited. He has joined the bank two months ago against a contract of 5 years. The terms of this contract states that if he resigns from this post before 5 years then he is required to refund a sum of Rs. 500‚000 and all the training fees. His father Ansar Ali is running an auto workshop from the last 40 years. One day his father faces an accident and dies. Being the only son of
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they‚ in most cases‚ have earned what they received. The poor don’t deserve to live in the conditions they do‚ but it is all about opportunities. The wealthy took advantage of their opportunities and got a lot out of it. The poor cannot expect the wealthy to give them a certain percentage of their income because they will become dependent on that money. Therefore the poor just need to apply themselves‚ and they won’t need the help of the wealthy. The government should show the poor that they can
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THE CONCEPT OF ETHICAL OBLIGATION Name Institution Instructor Course Date The concept of ethical obligation Ethical obligations are rules and laws by which people are expected to live and adhere to in order to undertake a profession. Most professionals as George tenet belonged to professional organisations which‚ among other things‚ are able to discipline people for interfering in the ethical obligations and suspend or expel them from practice if the interference is serious
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Business Revision Topic 1 – Business Organisation and Environment * What is business activity? Inputs – Land‚ Labour‚ Capital & Enterprise Outputs – Goods or Service & Waste. Processes – Research and development‚ Production‚ Marketing‚ Finance‚ Administration‚ Human Resources. * Functions * Production – the changing of natural resources into a product or service. * Marketing – IT is to do with identifying consumer needs and pleasing them. Eg: Pricing‚ advertising
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1 Terms Implied by Statute Implied terms are cumulative. So‚ the terms implied by the Sale of Goods Act 1979 apply concurrently with the terms implied by any other Act which implies terms into contracts. Some of the most commonly implied terms from the application of the arise by virtue of the Supply of Goods and Services Act 1982 and the Sale of Goods Act 1979. Contracts for the Sale and Supply of Goods In a contract of sale of goods‚ terms of implied that the seller has the right to sell
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Ethical and Moral Issues in Business MGT 216 April 4‚ 2012 Ethical and Moral Issues in Business Ethics and moral are not things that commonly cross a person’s mind‚ unless there is an ethical or moral issue. In ethical and moral issues‚ people begin to question the ethics and morals or the person or people in the middle of the questioning. This paper will define the differences between ethical and moral issues‚ the differences between personal and business ethics‚ and will provide examples
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Miguel Flores Checkpoint: Business Organization A sole proprietorship is a business that is owned by one person only. That one person is the sole owner and makes all decisions on their own. Most sole proprietorships are small business likes restaurants‚ markets‚ and liquor stores. The owner must have knowledgeable business experience or else his business will not be profitable. Most of this shops end up closing up after a couple of years because the sole owner must take in all the losses
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How do managerial accounting practices benefit business organizations. First of all‚ I would like to define the definition of "Managerial Accounting". According to "Investopedia.com"‚ managerial accounting can be defined as "the process of identifying‚ measuring‚ analyzing‚ interpreting and communicating information for the pursuit of the organization ’s goals". Meanwhile‚ according to "Businessdictionary.com"‚ managerial accounting is the process of preparing management reports and accounts to
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Bush administration‚ but his decisions tremendously affected the way CIA is run today. Review Questions: 1. As suggested by Waldo’s essay‚ the advice about ethical behavior in the public office is a set of “maps” divided into 12 different obligations: to the Constitution‚ to Law‚ to Nation or Country‚ to Democracy‚ to Organizational-Bureaucratic‚ to Profession and Professionalism‚ to Family and Friends‚ to Self‚ to Middle-Range Collectives‚ to the Public Interest or General Welfare‚ to Humanity
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The Moral Minimum: A Complex Standard Each person has a set of personal values and morals that they hold themselves accountable to‚ whether for religious reasons or the result of years of environmental conditioning. These standards of behavior often go above and beyond the laws set in place by government. Just like individuals‚ a business entity chooses a standard of moral behavior to uphold. A difficult task to undertake‚ considering businesses are comprised of people with varying behavioral
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