Date: Friday 26th September 2014 Submission Date: Tuesday 30th September 2014 Unit 2: The Business of Travel and Tourism 2.1: The travel and tourism business environment The Public Sector The public sector consists of regulatory bodies‚ conservation groups and public sector organisation which are funded by local‚ regional and central government‚ . A good example of a localy funded organisation would be Dover ’s local tourist information centre‚ controlled and funded by Dover District
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mind that what type of company we are going to setup in India? Types of business entities in India: In India‚ the following types of business entities are available • Private limited company • Public limited company • Unlimited company • Limited liability partnership • Partnership • Sole proprietorship • Liaison office • Project office • Branch office • Joint venture company • Subsidiary company Both the Indian promoters
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sources and good accounting qualities‚ it makes it easier to understand what is being presented. Additionally‚ with the different ways enterprises account for money and the distinctive business structures‚ having these written standards makes all companies accountable. The four organizations that make up the hierarchy are the SEC‚ AICPA‚ FASB‚ and the GASB. The SEC was formed to assist in establishing and assimilating financial information that is presented to stockholders. The AICPA and FASB‚ who
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may not be very good at handling the accounts. 2. Sole traders often work long hours and find it difficult to take holidays‚ or time off if they are ill. 3. Developing the business is also limited by the amount of capital personally available. 4. There is also the risk of unlimited liability‚ where the sole trader can be forced to sell personal assets to cover any business debts. What is a Partnership? Partnerships are businesses owned by two or more people. A contract called a deed
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the owners‚ senior executives‚ locations‚ subsidiaries‚ markets‚ products‚ and company history. ❖ The report explains the company’s memorandum and its various features. ❖ This report also gives an overview of its business and current position in the market. 2. Company Profile 2.1. History: Beximco Pharmaceuticals Ltd. is a leading edge pharmaceutical company. It is situated in Dhaka‚ Bangladesh. It is acclaimed for its outstanding product
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Section (A) In a Limited liability company‚ there must be at least two shareholders with no maximum upper limit who own the company. All limited companies must be registered with the Registrar of Companies to whom the companies must send their annual financial statements. A limited company is separated in law from its owners. Because it has its own legal entity‚ any disputes concerning the company‚ will be solely with the company and not the shareholders. The company is run by a board of directors
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Wealth Maximization: The primary goal for managers of publicly owned companies implies that decisions should be made to maximize the long-run value of the firm’s common stock. Q1-5 Suppose three honest individuals gave you their estimates of Stock X’s intrinsic value‚ One person is your current roommate‚ the second person is a professional security analyst with an excellent reputation on Wall Street ‚ and the third person is a Company X’s CFO. If the three estimates differed‚ in which one would you
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jointly responsible for any debts. Unlimited liability: unincorporated businesses such as sole traders and partnerships have unlimited reliability‚ which means owners are responsible for all the business’s debts. Public limited company (PLC): trades on the stock market‚ the public can buy shares. Private limited company (ltd): sells shares privately with permission of owner to known individuals Incorporation: the process of forming a limited company such
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Restaurant Start-Up Profile This report is a combined effort by the Illinois Institute for Rural Affairs and the Illinois Department of Commerce and Economic Opportunity. IIRA‚ through a contract with Katherine J. Henning‚ compiled the material and conducted the analysis. DCEO printed and distributed the document. Layout by Nancy Baird‚ Illinois Institute for Rural Affairs. Published by the Illinois Department of Commerce and Economic Opportunity 620 East Adams Springfield‚ IL 62701
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the sector it operates in. Provide information on the type of business and its liability. ONE of your organisations must be the City of Westminster College. Introduction In this task I will be investigating two businesses‚ one of them will be City of Westminster College and another one will be River Island. I will be providing a description‚ purpose‚ trading activities‚ sector‚ and type of business and the liability of each business. Description & Trading activities City of Westminster College
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