Legal 2 Test 2 Studyguide Sole Proprietorships the simplest form of business organization. Sole proprietorships are the most common form of business organization in the US. Major advantages: * Forming a sole proprietorship is easy and does not cost a lot. * The owner has the right to make all management decisions concerning the business‚ including those involving hiring and firing employees. * The sole proprietor owns all of the business and has the right to receive all of the
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Legal Environment of Business Chapter 2 Assignment Questions for Review and Discussion 5. Statutory laws are passed by either the state or federal legislature. Federal statues must be signed by the president of the United States While‚ state statues must be signed by the governor. Statutory law must be followed by everyone unless considered un-constitutional by the Supreme Court. 7. Common laws are similar to morals. When there are no laws or statues that relate specifically to a case‚ the
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Griffith College Cork Faculty of Business Course: HCB 2/ BABO 2/ BAMO 2 Subject: Legal Aspects of Business Student No.: 2826955 by A.J Shittu 18th April 2013 Table of Contents Introduction Issue Law Application Conclusion Introduction In the brief outlined in the assignment format‚ Stephen paid for a big burger meal for himself and for his girlfriend Sarah at the Mcdonoghue’s bar/restaurant
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1. Perform a STEEP analysis to understand the general environment facing Great Lakes. How will Great Lakes be affected by external factors? 2. Use Porter’s Five Forces Model to analyze the lead additives industry in the US. Given this analysis‚ is the industry attractive or unattractive? 3. Using the 3I’s framework determine Great Lakes’ immediate‚ impending and invisible competitors. How does Great Lakes measure up against these competitors? 4. What are the main capabilities
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The Impact of Globalization on Business Enterprises Janice New University of Phoenix Forces Influencing Business in the 21st Century MBA/501 Dr. Genny Turano Situation Analysis and Problem Statement American Communications is a telecommunications industry that is having financial problems and problems competing with cable companies‚ and other telecommunications companies. The company needs to find ways to cut cost so they can compete with other companies. This paper will outline
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Singapore in 1979 and today there are over 120 McDonald restaurants across the island which served 1.2 million customers weekly. McDonald employs around 9‚000 employees to keep their restaurant running across the island. (McDonald’s Company Profile‚ 2012) PEST ANALYSIS Pest analysis is a scan of external marco-environment in which a business operates and can be describe in terms of Political‚ Economic‚ Social and Technological. (QuickMBA Strategic Management‚ 1999-2010) Political Factors Operations
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nutrition security. The priority areas of investment in the agriculture sector DSIP which aim to trigger agricultural revolution are (i) enhancing production and productivity (ii) enhancing market access and value Addition (iii) improving the enabling environment for the agriculture sector (iv) institutional development. On 01-02nd November 2012‚ the agriculture sector will conduct the Joint Agricultural Sector Annual Review (JASAR) workshop to review the performance of the sector based on its targets for
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and a change in the political and social perspectives‚ another presidency term with Richard M. Nixon‚ and his policies of engagement‚ and the Watergate scandal‚ leading to the first resignation of an American President. The end of the Vietnam War led to political and social fallout around the globe‚ especially in America. All of the chaos of the 1970s also led Americans to have a changed perspective in their government. People were beginning to notice similarities between Nixon ’s policies of engagement
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Steven Westgate BUS345.01 Business Law I Chapters 9‚ 10‚ 11‚ 12‚ 13‚ 14‚ 15‚ 16‚ 17‚ and 18 Professor Sappington November 3‚ 2003 1) This would indeed be a contract called an implied-in-fact contract. This is a contract that is implied from the conduct of the parties. Unlike other contracts‚ the contract was created through the conduct of the parties‚ not through words. This is what Miller and McCleskey have done. The parties both agreed through their
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Work in a business environment 1.1) Explain the purpose of supporting other people at work The purpose of supporting other people at work is so that you are able to get tasks completed quicker and you help each other succeed and learn new things this then helps to build better work relationships and it creates unity amongst the team. 1.2) Explain the purpose of helping other people to work effectively and efficiently a) for individuals b) for organisations Helping other people to work improves
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