Finance 1 Assignment 01 11-13 -12 1). A limited partnership allows some of the investors to limit their liability. Under these terms‚ one or more partners are designated general partners and have unlimited liability for the debts of the firm; others contributors are designated limited partners and are liable only for their initial contribution. For example‚ if partner A and B contribute and of the capital respectively‚ limited partnership dictates that partner A is liable for only
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responsibility for its debts. General partnerships have the ability to grow by adding new talent and money. They also find it relatively easy to borrow money and can invite new partners to invest. Partnerships also have disadvantages like unlimited liability. Each partner maybe liable for all business debts incurred by any of the partners. There is also difficulty in transferring ownership. Due to these disadvantages some have tried alternative
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ODEL Introduction of ODEL One of the successful business organization in Sri Lanka. It started on 31st October 1990 as private limited liability company and foundered by 48 years old Ms Otara Del Gunawardane.20 years later‚ they registered their company as public limited company on 24th February 2010. They always try to give quality products to customers. By today they became pioneer of the fashion industry because their profits are increasing day by day. History of ODEL Very first
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Assignment Content | Chapter 1 | First Question | Chapter 2 | Second Question | Chapter 2.1 | Characteristics of “Partnership” | Chapter 3 | Third Question | Chapter 3.1 | Characteristics of “Business Environment” | Chapter 3.2 | Characteristics of “Porter’s Five Forces” | ADIL ZHAXYLYKOV TP029709 UCFF1207(G2-T2) BM004-4-0 ITB 1. What would be the aims and objectives of the business Luke is planning to implement after graduation? The main aim of the Luke’s business idea is to
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Chapter 6 1) Describe the basic features that distinguish the four basic forms of business ownership sole proprietorships‚ general partnerships‚ C corporations‚ and limited liability companies. =Sole proprietorships- owned by one person plus earnings and debts are the owner’s income and debt. =Partnerships- Two or more owners that take a voluntary agreement. =Corporations- a business entity created by filling a form. 2) Why do many entrepreneurs initially set up their businesses as sole proprietorships
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Chapter 18 Limited Liability Business Forms N.B.: TYPE indicates that a question is new‚ modified‚ or unchanged‚ as follows. N A question new to this edition of the Test Bank. + A question modified from the previous edition of the Test Bank. = A question included in the previous edition of the Test Bank. true/false questions 1. A limited liability company is a citizen of every state of which their members are citizens. ANSWER: T PAGES: Section 1 TYPE: + BUSPROG: Analytic AICPA: BB-Legal
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Introduction A business also called a company‚ enterprise or firm is a legally recognized organization‚ designed to provide goods and services to consumers. According to the purpose of the business‚ ownership of the business and nature of economic contribution of the business; the business can fall into one of the three standard sectors. There are; private sector‚ public sector and nonprofit sector. The part of the economy concerned with providing basic government services is called public
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POPCAP GAMES‚ INC. END USER LICENSE AGREEMENT THIS END USER LICENSE AGREEMENT ("EULA") IS A BINDING LEGAL AGREEMENT BETWEEN POPCAP GAMES‚ INC. ("POPCAP") AND YOU AND‚ IF APPLICABLE‚ THE COMPANY OR OTHER LEGAL ENTITY YOU REPRESENT (COLLECTIVELY‚ "YOU" AND "YOUR") REGARDING THE GAME SOFTWARE THAT YOU ARE INSTALLING‚ INCLUDING ANY ACCOMPANYING MANUAL OR OTHER RELATED MATERIAL PROVIDED BY POPCAP AS PART OF‚ OR IN CONNECTION‚ THEREWITH (COLLECTIVELY‚ THE "GAME"). BY CLICKING THE "I AGREE" BUTTON
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cannot be amended by Government itself. The structure of the public corporation can be altered only by Parliament. 7. It has its own independent administration. 8. It is a separate juristic person. It can sue and can be sued. 9. For tortious liability‚ it is held liable. Article 300 does not apply. 10. Section 123 (Privilege of Communications of State Affairs) of Evidence does not apply to public corporations. 11. Article 299 does not apply to public corporations. 12. The labor problems
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corporate system‚ and funds will flow to the centers of economic activity that inspires trust. My exposure to two corporate cultures‚ seven years with Andhra Steel Corporation Limited‚ a public limited company and 20 years with Manipal Hospital‚ corporate hospital managed by Manipal Health Enterprise Private Limited‚ had given me glimpse in corporations functioning. For five years I worked as officer taking care of
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