ASSETS & LIABILITIES Asset is an item of value owned by the company. Assets can be tangible i.e. those which have some physical existence or can be intangible i.e. which do not exist in physical form but can be held in the form of contracts or rights. Assets are usually grouped in order of liquidity (ease of conversion to cash) on the balance sheet. Cash is therefore the most liquid of all assets. Assets can be classified as: 1.) Current Assets – Those assets that are expected to be converted to
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Principles of Criminal Liability 1/16/2013 Student ID: Word Count: 2482 Criminal activities are very common in our society. With the intention to hamper the property of other people or causing ill effect to others‚ criminal activities are occurred usually. Sometimes people involve themselves with some activities to injure others due to personal clash or from ill temperament. Some activities which may be done to cause simple injury
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Company in which I had acquired in my early twenties‚ I managed to create my own company some few years after; The Ford Motor Company. At The Ford Motor Company I developed and introduced the first mass produced automobile called the Model T. Why and how I am significant to the history was not only from my development of the first automobile but the effects that it had on America‚ in which revolutionized the way people
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Liability of Negligence When a person is said to be liable for an action under the law‚ it means that they are responsible in some way for the outcome that results either in the law of a nation to be violated which comes under criminal liability‚ or in an injury to other individuals that is considered to be a civil liability. The main requirement for a liability happens to be intent1‚ which says that‚ an individual is not responsible for something that they did not mean to do. However‚ the Law of
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RECRUITMENT OF 1434 ADMINISTRATIVE OFFICER IN PUBLIC SECTOR GENERAL INSURANCE COMPANIES NAME OF THE COMPANY NATIONAL INSURANCE COMPANY LIMITED THE NEW INDIA ASSURANCE COMPANY LIMITED ORIENTAL INSURANCE COMPANY LIMITED UNITED INDIA INSURANCE COMPANY LIMITED TOTAL NO. OF POSTS 423 494 223 294 1434 National Insurance Company invites application on behalf of four Public Sector General Insurance Companies with a combined human resource base of 65651 having 6116 offices/business centres in every nook
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The complete absence of government‚ or anarchy‚ like the presence of any form of government‚ has both good and bad consequences. Government regulates commerce and imposes taxes on both corporations and people. This means that without government there would not be a certain amount of money taken out people’s paychecks every month. However‚ without a government‚ there would be an absence of minimum wage. Salaries as well as work hours would completely depend on the employer. The absence of government
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What Does Corporate Social Responsibility Mean? Corporate initiative to assess and take responsibility for the company ’s effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups. Corporate social responsibility may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the
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Criminal Liability Essay Criminal liabilities are conditions of being actually or potentially subject to a legal obligation. Liability means legal responsibility for one’s acts or omission‚ also when acts which harms society‚ and which are prosecuted by the government. Sometimes certain negligence can lead to criminal liability. Liability needs to be distinguished from the following concepts: * culpability (purposely‚ knowingly‚ recklessly‚ negligently) - infers intent * capacity
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Associate Level Material Appendix C: Administrative Matrix Instructions: Complete the Administrative Matrix located below. You are expected to identify and explain the functions and roles of management. This information is based on the four functions of management. By providing an example‚ you demonstrate an understanding of each management function. | | |
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lawsuits and litigation from everyone suing everyone else‚ one must ask the question "where does product liability end and consumer responsibility begin?" This question has been further complicated by occurrences that stretch to the most far-reaching ends of this spectrum‚ the spectrum ranging from strict product liability of the company to complete consumer responsibility. On the strict product liability of the company side‚ we have the cigarette industry where the CEOs of the largest cigarette
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