country‚ the following are the various features: 1. Voluntary organization: A joint stock company is a voluntary organization or association of shareholders; 2. Legal person: It is a legal or an artificial person as a result of law. It has no physical existence; however‚ it functions as a separate and independent legal person. Legal person is distinct from the shareholders and the directors of the company; 3. Perpetual succession: The joint stock company has a perpetual or continuous succession
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represented within the company. Learning Outcomes: Upon completing this course students will be able to: 1. Explain the basic theories about the company‚ its objectives and its role in commerce and society. 2. Explain the nature of companies in legal and economic terms. 3. Explain how companies are formed‚ how they make contracts‚ how they are managed and how they are financed. 4. Identify the position and responsibilities of directors of companies. 5. Identify the rights of shareholders and
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Disadvantages of Sole Proprietorship Owner’s Lack of Ability and Experience Difficulty in Attracting Good Employees Difficulty in Raising More Capital Limited Life of the Firm Unlimited Liability of the Partners hip Partnership A legal association of two or more persons as co-owners of an unincorporated business. It is formed with the purpose of eliminating some of the disadvantages sole proprietorships while retaining some of their advantages. of What are the Advantages of
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business organisations You are required to select two different businesses and create a report that compares the following areas: 1. Purpose 2. Ownership/Type 3. Size 4. Scale Your chosen businesses must have different purposes‚ size‚ legal structures and scale. Include subheadings for each area Under the subheadings you should discuss the area of each business and then a paragraph to compare the two. M1 Extra Help: Purpose: Supply of goods and services e.g. at a profit‚ free‚ at
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Company history Sika paint industries (Pvt) along with its brand name “sparco paint” were found by Malik Muhammad Javed Iqbal in 1988 on sole proprietorship concern. The company changed into private limited company in 2004 and still making progress. Sika is making major progress since that time and making the progress with generation of good customer relation and generating international customers for the product. The company is also done a good job in term of having good market share nationally
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The Entity-Relationship Model ------------------------------------------------- Top of Form Bottom of Form Database Design Goal of design is to generate a formal specification of the database schema Methodology: 1. Use E-R model to get a high-level graphical view of essential components of enterprise and how they are related 2. Then convert E-R diagram to SQL DDL‚ or whatever database model you are using E-R Model is not SQL based. It ’s not limited to any particular DBMS. It is a
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Introduction to Business (Question for 1st semester midterm exam.) # What is business? Ans : An organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. Businesses can be privately owned‚ not-for-profit or state-owned. An example of a corporate business is Grameen Phone‚ while an Azad Products is a private
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International Islamic University Chittagong Department of Business Administration Program: BBA‚ Course Code: BUSI-1101 Course code: Introduction to Business Course objective: This course will provide the students with a complete and comprehensive view of business enterprises in home and abroad. Students will be able to know about different institutions supporting business in Bangladesh and different types of documentations used in export and import process. Further they will know how social
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more easily and readily than partnerships and sole proprietorships and often have access to more starting capital. Corporations are more complex than other business structures because they tend to have costly administrative fees and complex tax and legal requirements. (Corporate Business Structure‚
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advantages to being in a partnership‚ there are also a number of disadvantages that should be considered before making any decisions. For example‚ since this partnership would be an unincorporated business‚ which means that the owners don’t have a separate legal identity to their business‚ if the business were in debt and Alehandro and his sister weren’t able to pay back‚ all their assets including their own property‚ would be sold
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