which will possess by an optimal required network of service centers‚ provide high quality services to clients and enjoy significant authority in the market. Following are the advantages of Joint Stock Company: 1. Limited Liability : Liability of members of Joint Stock Company is limited to the extent of shares held by them. Hence shareholders assets will not be on stake. This feature
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channels‚ or technology‚ makes good sense. These are just some of the reasons partnerships formed by joint venture are becoming increasingly popular. A joint venture is a strategic alliance between two or more individuals or entities to engage in a specific project or undertaking. Partnerships and joint ventures can be similar but in fact can have significantly different implications for those involved. A partnership usually involves a continuing‚ long-term business relationship‚ whereas a joint
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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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auditors to a far greater number of investors than does the Securities Act of 1933. Answer: True Difficulty: Medium 5. The precedent set by the Hochfelder v. Ernst case is generally believed to have increased auditors ’ legal liability. Answer: False Difficulty: Hard 6. The auditors can be held liable for negligence in audits of financial statements‚ but not in reviews of financial statements. Answer: False Difficulty: Easy 7. The results
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Salomon‚ Mrs. Salomon‚ four sons and a daughter. All the other members of the company had only one share each. After sometime the company had to be wound up on account of financial difficulties. The assets realized were 6‚000 pounds while the liabilities were 10‚000 pounds to Salomon as a secured creditor and 7‚000 pounds to outsiders who were unsecured creditors. The creditors claim priorities over Salomon (Secured Creditor) on the ground that Salomon and Salomon & Co. were one and the same. It
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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 and the foreign promoters can form the above mentioned business entity. We here are talking in the formation of public limited company. A company in India
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a private partnership‚ as well as a limited partnership. So I approached him with this idea and he agreed. So after several negotiations the other investor and I devoted the majority of shares to this company. We received a registrar of completion certificate for this joint company venture and we expected our common seal to come next. We also had to increase the liability insurance before registering with state authorities as a Limited Liability company (LLC). With this Partnership all investing
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• JOINT STOCK COMPANY: A group of private investors who pool their money to support big projects. A joint-stock company is a business entity which is owned by shareholders. Each shareholder owns the portion of the company in proportion to his or her ownership of the company’s shares (certificates of ownership). This allows for the unequal ownership of a business with some shareholders owning a larger proportion of a company than others. Shareholders are able to transfer
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Unit 1 The Business Environment Section 1 P1: Describe the type of business‚ purpose and ownership of two contrasting businesses Revlon Colorstay Foundation The product I have chosen is Revlon Colorstay Foundation. Foundation is a skin colored cosmetic to cover imperfections and create an even complexion. There are many different types of foundation such as liquid‚ powder‚ tinted moisturizer
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P1 Oxfam Range of different businesses Oxfam is local as there are lots of shops and donation points that are set up locally in and around the Blackburn area. Oxfam is national as it has shops and donation points all across the country. Oxfam is international as it has shops and donation points in places other than England‚ for example‚ America‚ France‚ Germany‚ India and more. Oxfam isn’t global as it isn’t all over the globe and is not known worldwide‚ an example of a global business would be
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