Sole proprietorship This business is an individual owned organization. This business is the most attractive because of its simplicity and control over the business. * Liability-.This business has unlimited liability. The owner is responsible for everything. If the business begins to fail personal assets and business assets can be sought after to pay off debts. There is no distinction between the two assets. * Income taxes- Business owners in a sole proprietorship file a 1040 as well as
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The Color Line Essay It was the year 1903 when W.E.B DuBois stated that "the problem of the Twentieth Century is the problem of the color line." The border is the 21st century color line. (Common Dream.org) The color line was basically a line that reserved all the best jobs in the economy for a specific group of individuals. At the same time‚ however‚ these jobs were denied from and kept away from another group of people (Common Dream.org) This was done so through both private institutions and
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In the world today‚ there are businesses everywhere. There are small‚ big‚ unsuccessful‚ and successful businesses. Many business owners planning affect the success of their business. As said “A man can succeed at almost anything for which he has unlimited enthusiasm” (Schwab). Although some people may think the purpose of having a business is to make money and supply jobs to workers‚ it is not. The purpose of a business‚ a successful business‚ is to supply goods and services to customers. In order
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Challenges of small businesses Growth in the small and medium business in Canada and other developed countries has been very significant. This sector of the business community now represents about 40 percent of GDP and accounts more than half of total employment. Today small businesses are more diverse and more vigorous than ever‚ but they also faces newer and more challenges or inhibitors to their growth than their older conter parts. This research will attempt to find the answer to the following
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LINE-AND-STAFF ORGANIZATIONS Organizational structure involves‚ in addition to task organizational boundary considerations‚ the designation of jobs within an organization and the relationships among those jobs. There are numerous ways to structure jobs within an organization‚ but two of the most basic forms include simple line structures and line-and-staff structures. In a line organization‚ top management has complete control‚ and the chain of command is clear and simple. Examples of line organizations
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started to question organisations ’ practices and their environmental‚ social and economic impacts. With this in mind‚ companies started to pay more attention to business sustainability in order to improve the company ’s reputation. The Triple Bottom Line (TBL) concept is a methodology that focuses on the 3 P ’s: People‚ Planet and Profit. It was first introduced by John Elkington in 1994 and has increasingly become a basis for business sustainability. Not only has the world ’s Green mentality influenced
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* Impact of external environment on Business* For success in the present world‚ one need to consider not only the internal environment of the company consisting of its resources and employees‚ but also needs to consider the external factors. These aspects cannot be stopped but one can adjust accordingly as per the changes in the economical‚ social or political pressures. These are the external factors which consist of: • Opponents or competitors • The changing economic structure • Impact of the
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prosperity of the Indian family business. There are certain existing differences between family and business and they are found to split up as they grow‚ and very few of them survive beyond three generations. INDIAN FAMILY BUSINESS Most Indian businesses are family based. Families control over 80% of the family business. They employ around 50% of the world workforce. They contribute around 40 to 50% in the world GNP. But the sad picture is that only 15-20% of the family business survives till the
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A CCL Research White Paper Leadership and the Triple Bottom Line Bringing Sustainability and Corporate Social Responsibility to Life By: Laura Quinn Jessica Baltes C E N T E R F O R C R E AT I V E L E A D E R S H I P Leadership and the Triple Bottom Line CONTENTS Executive summary Highlights Background TBL awareness and importance TBL leadership skills and actions TBL outcomes and advantages Organizational strategy and the TBL Organizational culture and systems supporting or hindering
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DEPARTMENT OF BUSINESS ADMINISTRATION.PAPER PRESENTATION ON BUS 323 TOPIC: LINE BALANCING AND AUTOMATION. PRESENTED TO MRS. RONKE.There is a need for every firm or industry to balance their production line or assembly line so that there is an even flow of production units form one work station to the next. In order to reduce cost of production it is necessary to avoid idleness of machines and with it‚ the labour‚ well-balanced lines improve labour work. The introduction of automation in industries or
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