1. List down the advantages and disadvantages of forming a partnership * Collaboration. As compared to a sole proprietorship‚ which is essentially the same business form but with only one owner‚ a partnership offers the advantage of allowing the owners to draw on the resources and expertise of the co-partners. Running a business on your own‚ while simpler‚ can also be a constant struggle. But with partners to share the responsibilities and lighten the workload‚ members of a partnership often
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1. What are the advantages and disadvantages of financial risk management? Financial risk management is the practice of creating economic value in a firm by using financial instruments to manage exposure to risk. Similar to general risk management‚ financial risk management requires identifying its sources‚ measuring it‚ and plans to address them. Financial risk includes various categories such as credit risk‚ market risk‚ liquidity risk‚ operation risk and reputation risk. These are risks
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TYPES AND FORMS OF BUSINESS ORGANIZATION A business organization is frequently referred to as a business entity. A business entity is any business organization that exists as an economic unit. Business entities can be grouped according to the type of business activity they perform. 1. Service companies perform services for a fee. This group includes companies such as accounting firms‚ law firms‚ repair shops‚ and many others. 2. Merchandising companies purchase goods that are ready for
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THE THREE ADVANTAGES & DISADVANTAGES OF COLLABORATIVE WRITING. Advantages of collaborative writing 1. Multiple Ideas: makes for a better story or for a collection of facts. Two or more people can come up with facts from different stand points. 2. Proof Reading: Collaboration between two or more people can also come in handy when it comes to making sure that the project has little to no errors. Most writer have the ability to understand what they have written‚ but he or she can
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“It’s not who I am underneath‚ but what I do that defines me.” This famous Batman quote from the Christopher Nolan’s Batman series‚ has a lot more truth to it than a person may think. It is not so much who a person is but rather what they do that defines their personality as well as the kind of person they are. There are many sociological principles that influence an individual. The three main sociological principles that shape the character and are also evident through the trilogy are family‚ money
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European business What are the main advantages of the European Union for the business environment? What are the main disadvantages? The European Union is a system that was created to help form a unity‚ and strengthen European states. After two ruinous world wars and the extension of Soviet power‚ many people recognized the need for some form of European unity. The community formed in 1951‚ and consisted of 6 countries – France‚ West Germany‚ the Netherlands‚ Belgium‚ Luxembourg‚ and Italy
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Business Essay Topic: Forms of Business Organizations It is important that the business owner seriously considers the different forms of business organization — types such as sole proprietorship‚ partnership‚ and corporation. Which organizational form is most appropriate can be influenced by tax issues‚ legal issues‚ financial concerns‚ and personal concerns. This essay explains the general impression of business organizations. A Sole Proprietorship‚ also known as the sole trader or simply
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When outsourcing done for the right reasons‚ it will actually help your company grow and save money. Here are the top advantages of outsourcing: • allows you to get the services of higher quality and/or cheaper; • improves the innovative opportunities of the company due to the interaction and partnership with world-class supplies‚ who have a great intellectual potential and rich innovative experience; • provides greater flexibility in the event of a sudden change in market conditions or consumer
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four different forms of business organization. It is a review of the advantages and disadvantages of each form‚ including the tax‚ legal‚ and‚ accounting implications that surround them. The different type of financial statements associated with each form of business organization is also discussed. In this paper‚ based upon the synopsis that the government has released funds for creating small businesses‚ a form of business is chosen by the class member in explaining his business idea. It then
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structural forms of business organization‚ applicable laws‚ requirements for their formations‚ and advantages and disadvantages Type of Ownership * Single or Sole Proprietorship. It is a form of business organization which is owned by one person. The owner personally manages his business. Most of businesses in the Philippines (including those which are not registered) belong to single proprietorship. Examples are retailers‚ market vendors‚ barbers‚ tailors‚ and so forth. a) Advantages of Single
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