DIFFERENT FORMS OF ORGANISATION SOLE TRADING CONCERN ▪ Meaning ▪ Features ▪ Advantages ▪ Disadvantages ▪ Suitability PARTNERSHIP FIRM ▪ Meaning ▪ Features ▪ Merits ▪ Demerits ▪ Kind of partnership firm ▪ Types of partners ▪ Partnership Deed JOINT HINDU FAMILY BUSINESS ▪ Meaning ▪ Features ▪ Advantages ▪ Disadvantages JOINT STOCK COMPANY ▪ Meaning ▪ Features ▪ Advantages ▪ Disadvantages ▪ Management ▪ Forms of companies
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What are the advantages and disadvantages of the European Union? What are the implications of the European Union on military and economic affairs? 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(Perry‚ Berg‚ Krukones pg. 458).The European Union was originally formed from the European Coal and Steel Community. The community
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Question 1: Identify three ethical principles that you personally believe reflect “natural laws” that are self-evident and that all people ought to ascribe to. If you don’t personally believe that there are any such principles‚ then identify three such ethical principles that are incorporated into one or more religions (such as the Golden Rule). 1. We all should treat others how we would want to be treated (Golden Rule). 2. Accept that all people are not the same and don’t judge people because they
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Outline the various available forms of business structure and outline their respective advantages and disadvantages. There are a number of possible business structures and which is the most appropriate will depend on the individual circumstances of the business concerned. A sole trader is the most straightforward model as there are few formalities in setting up. An individual trades independently under his/her own name. This individual makes all the important decisions‚ is responsible for paying
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gross monthly sales volume to $250‚000 by 30 June. Once an objective is agreed‚ the employee is usually expected to self-audit; that is‚ to identify the skills needed to achieve the objective. Typically they do not rely on others to locate and specify their strengths and weaknesses. They are expected to monitor their own development and progress. Text What is MBO? Management by objectives (MBO) is a systematic and organized approach that allows management to focus on achievable goals and to attain
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What are the advantages and disadvantages of letters of credit? http://www.answers.com/Q/Advantages_and_disadvantages_of_Letter_of_Credit Letter of Credit Advantages for both Importers and Exporters For the Exporter/Seller: Upon presentation of the specified documents (in strict conformance) the Buyer/Exporter is guaranteed payment (the exception is if the Issuing Bank folds) Eliminates risk of the buyer canceling the order and therefore reduces production risk Makes it easier for the Buyer/Exporter
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planning and controlling the various business activities as well as the advantages and disadvantages of each source. In order to make effective decisions and coordinate the decisions and actions of the various departments‚ a business needs to have a plan for its operations. Planning the financial operations of a business is called budgeting. Although budgeting allows the organization to plan their work and work towards their plan‚ it also has both advantages as well shortcomings that can affect
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Advantages and disadvantages of technology? * 5 years ago * Report Abuse Zwun Best Answer - Chosen by Voters advantages- 1.made mundane things faster(paying bills‚ writing letters etc) 2.easier- like u asking a question and just waiting fer d ans :) 3. enabled us to explain previously unexplained things ( like what is matter made up of ‚etc) 4. made organization‚ co ordination more feasible on a larger scale 5. is helping us evolve faster(mentally) 6. Has given us the
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the implementation of the business plans. It also involves the process of coordinating and controlling various activities in the organization. An effective manpower planning requires a careful assessment of the future needs of the organization. It involves the development of strategies to match the requirement of employees and availability of positions at a regional as well as a national level. Those in charge of manpower planning need to have a foresight about the business plans. They need to plan
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Advantages and Disadvantages of Collaborations Katrina Artis‚ Douglas Dixon‚ Elonto Hernandez University Of Phoenix IT ORGANIZATIONAL BEHAVIOR CMGT/530 Shelley Pumphrey January 25‚ 2010 Advantages and Disadvantages of Collaborations Collaboration happens when two or more people join forces and work together to achieve a goal. People offer their knowledge‚ abilities‚ and skills to help each other. Teams are an excellent example of collaboration. Working in teams has become a trend in
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