Ouestion (a) Sole Proprietorship Sole proprietorship is a business owned one person‚ who has full control of the business and how it is run. They also own all the assets of the business and any profit that it makes. In the same vein‚ they are also responsible for all the debts and liabilities the business accrues. There are lots advantages by being a sole trader. The first advantage is easy formation. The formation of sole proprietorship business is very easy and simple. No legal formalities
Premium Types of companies Legal entities Corporation
Balancing Learning Styles and Personality Types R. Haynes GEN200 October 7‚ 2010 Abstract Three different learning styles and personality types were assessed to identify a strategy for the three to collaborate and communicate effectively in a team-setting. The use of the Myers-Briggs personality type indicator and Howard Gardner’s theory of Multiple Intelligences determined the different personality types and learning styles to study. Every personality type and learning style offers skills and
Premium Myers-Briggs Type Indicator Intelligence Learning
Abstract Starting a business with no funds or management experience can prove to be difficult. Comparing and contrasting‚ for the sole purpose of deciding which business type would be beneficial to the scenario given three business types were discussed. Sole proprietorship‚ partnership and corporation were reviewed. The outcome chosen was partnership being as it relates best to the scenario discussed. The idea of opening a business is not one to take lightly. Being an inventor
Premium Corporation Types of companies Limited liability company
UNIT 205 1.1 Identify the main types of state and independent schools 1.2 Describe the characteristics of the different types of schools in relation to educational stages and school governance. Nursery School: These are financed by the government and cover the Early Years Foundation Stage. Private Nursery Schools: These are financed by parents paying fees for their children to attend. They cover the Early Years Foundation Stage. Primary Schools: These are financed by the government and cover
Free School types Educational stages School
Case Studies – Types of Business Organization (Ownership) Case 2: Joseph LeBlanc‚ a student looking for summer employment‚ opened a bait shop in a small shed on a local fishing dock. For this case‚ I think the type of business here is Sole Proprietorship. Joseph LeBlanc a student looking for a summer employment and decides to open his own bait shop is a very big responsibility. If his business is Sole Proprietorship‚ it will benefit him in a lot of ways. He will be the boss of himself‚ which makes
Premium Business law Legal entities Business terms
There are many different advantages and disadvantages of different types of business ownership‚ such as being a sole trader‚ in a partnership‚ franchises and limited companies. Sole Trader The advantages of being a sole trader are as follows; They are easy to set up – There are very few complicated forms to fill in and sole traders can set up and run a business almost immediately. They are easy to run – The owner can do what they want‚ when they want‚ without consulting with colleagues
Free Types of companies Corporation Legal entities
experts agree with have been named "flexible‚" "fearful‚" and "feisty." Children generally may have similar interests‚ but the way they interact and deal with these interests displays their personality type. The first personality type is called flexible. This is the most common of the three types. About 40 percent of all children fall into the flexible or easy group. These children usually handle feelings of anger and disappointment by reacting mildly upset. This does not mean that they do not feel
Premium Personality type Personality psychology Psychology
1 Know different types of schools in the education sector. 1.1 Identify the main types of state and independent schools. There are many different types of schools in the education sector. There are state schools which are funded by the local authorities and are also known as mainstream schools. They all have to follow the national curriculum and include Community schools‚ Voluntary schools of which there are 2 types‚ controlled and aided‚ Foundation and Trust schools and also Specialist
Free School types Education in England
1.1 Identify the main types of state and independent schools. * Primary * Grammar * Comprehensive * Religious * Voluntary aided * Voluntary controlled * Specialist * SEN * Academies 1.2 Describe the characteristics of the different types of schools in relation to educational stage(s) and school governance. Primary‚ Secondary and Grammar schools are all governed by the Local Education Authority (LEA). These schools determine their own admissions policy
Premium School types Education in England Teacher
TYPES OF DATA AND COMPONENTS OF DATA STRUCTURES Data types 1. Primitive: is a data type provided by a programming language as a basic building block 2. Composite: is any data type which can be constructed in a program using its programming language’s primitive data types and other composite types 3. Abstract: is a mathematical model for a certain class of data structures that have similar behavior; or for certain data types of one or more programming languages that have similar semantics
Premium