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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Business Torts Pearl leos University of Phoenix Buisness Law/ 531 Kelly Dickson June 10‚ 2010 Proposed actions a company may take to avoid tort liability and litigation are vital to organizations. Proposed actions a company may take to avoid product liability risk may be a way out of liability issues. Assessing methods for managing legal risk arising from domestic and international regulatory matters is the best way to beat business torts. an integral aspect of a business liability practice
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The Advantages and Disadvantages of Incorporating a Business In order to mention all the advantages and disadvantages of incorporating a business‚ first I should try to explain what a corporation is. In 1819‚ Chief Justice Marshall of the United States Supreme court said: " A corporation is an artificial being‚ invisible‚ intangible‚ and existing only in contemplation of the law." In the Webster’s College Dictionary corporation is defined as "an association of individuals‚ created by law and having
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As you know‚ eight months ago we entered into a contract with Citizen-Schwarz AG to create custom e-banking software. The agreed contract outlined the details of the arrangement‚ including on-schedule delivery and quality of the deliverables‚ strong communication between both parties‚ procedures for any changes in the system requirements‚ intellectual property rights‚ and dispute management procedures. Depending on our performance‚ we were projecting to gain an additional contract with C-S’s larger
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pieces. 2. Pete receives $50 as a birthday gift. In deciding how to spend the money‚ he narrows his options down to four choices: Option A‚ Option B‚ Option C‚ and Option D. Each option costs $50. Finally he decides on Option B. The opportunity cost of this decision is (Points : 1) the value to Pete of the option he would have chosen had Option B not been available. the value to
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Examining a Business Failure By the end of second quarter 2008‚ North Carolina-based Wachovia Corporation had grown to become the 4th largest bank in the United States with assets of $812 billion. Since its establishment in 1979‚ the company expanded its footprint through many mergers and acquisitions. Some of the large ones in its history were with First Union in 2001‚ with Alabama-based SouthTrust Corporation in 2004‚ and with Golden West Financial Corporation in 2006. In April 2008‚ Wachovia
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ADVANTAGES AND DISADVANTAGES OF PRIVATISATION Contents 1.0 INTRODUCTION 1 2.0 ADVANTAGES OF PUBLIC SECTOR PRIVATISATION 2 2.1 Improving Efficiencies 2 2.2 Reduction in Government Cost and Spending 3 2.3 Focusing on Core Competences 3 2.4 Streamlining Businesses to Allow Productive Job Creations 4 2.5 Obtaining Goal Congruences 4 2.6 Effective Utilization of Taxpayers’ Money 5 2.7 Generate Income Tax Revenue 5 2.8 Improving Government Financing 6 2.9 Reorganisation or Restructuring
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Week 3 Learning Team Reflection Leslie Burns‚ Karla Canez‚ Mallory Herring‚ and Alissa Mildebrath LAW/531 January 13‚ 2013 Carol Parker Week 3 Learning Team Reflection There are several factors to consider when contemplating a potential lawsuit or settlement. As a person who is not trained in the law‚ it is important to seek counsel before making any decisions. Counsel can provide professional guidance in a field that a victim may
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Latoya J Week 2 1/18/2012 Discussion 1 Analyze your current work (or School) environment through the lens of the content in Chapter 2 and determine the most significant ethical issue and its impact on overall productivity and moral. Explain your rationale. Although I have only been working at Saint Joseph’s University as temporary administrative assistant for a few short months‚ I have noticed one major discrepancy involving the registrars department of the university. The most
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task measured against preset standards of accuracy‚ completeness‚ cost‚ and speed” (Business Dictionary‚ 2010‚ p. 1). For an employee to maintain his or her sense of motivation and keep job performance at a high-level‚ job satisfaction must stem from the workplace. Satisfaction is “contentment (or lack of it) arising out of interplay of employee’s positive and negative feelings toward his or her work” (Business Dictionary‚ 2010‚ p. 1). Attitude Influence Attitudes in the workplace can range from
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