Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will
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Business Ethics The Corporation ‘The Corporation’ had a specific aim to portray the problems of not just one corporation‚ but corporations as a whole‚ as is evident from the beginning of the film as a multitude of big business logos flashed across the screen. The film proceeded to highlight the issues surrounding: globalization and consumerism‚ environmental pollution and disregard for the planet‚ unethical marketing‚ and dishonest media. Personally‚ I feel that I’m quite open-minded when it comes
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Era of the Disposable Worker Today we find ourselves in a world of turmoil where employment is concerned. Many people find themselves forced to take part time positions at multiple establishments to “make ends meet”. In years past‚ loyalty and respect led the decisions of organizations and corporations. Today stock prices‚ profits and competition are the main consideration when managers and leaders make changes within a company. Is this the best way to guide the decision making
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The two articles “Hamilton’s Report on the Subject of Manufactures‚ 1791” and “An excerpt from The Report on the Subject of Manufactures” were especially helpful. I found it interesting that he promoted employing women and children in manufacturing jobs. When I learned about American History is the past it seemed like the Industrial Revolution was so seperate from the time of the founding fathers and Enlightenment‚ but Hamilton connects them. I enjoyed watching “Alexander the Great: Alexander Hamilton”
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There are two types of breast pads: disposable and washable. You will find in this article the usefulness of a nursing pad and a comparison between disposable breast pads and washable nursing pads. What is the use of a breast pad? Breastfeeding is a product of pad: absorbent because they perfectly absorb breast milk surplus to avoid halo on clothing‚ hygienic as they are packaged individually‚ discreet because they are very thin and become invisible under clothing. My breasts leaking! What is
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Drypers Corporation National Television Advertising Campaign Factual Summary: Current Time Period Late 1997 - Company never used the television advertising in its 10 yrs. Of history. - $ 10 million is the budgeted amount for the television advertising through out the nation. - This increases company’s advertising & promotion budget by 33% - Estimated retail sales per child up to age of 30 months are $ 1012.50 - Disposable diapers & training pants are distributed through grocery stores
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Executive Summary. Aerosol hairspray cans are a cosmetic product used by 86% of women in the United States.(3) The consumer demand for hair products has stayed relatively steady since the invention of hairspray. Industrial suppliers can increase their net profit of aerosol hairspray production by analyzing and possibly optimizing their manufacturing process‚ mores specifically‚ the production of the most widely used aerosol propellant‚ dimethyl ether (DME). The optimization of a thermally coupled
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Procter & Gamble and Disposable Diapers Introduction Post‚ Lawrence & Weber (2002‚ p.15) argue that business do not operate in a social or political vacuum. In fact most companies operate in a swirl of social‚ economic‚ technological and political changes that produces both opportunities. Coronado (2007) states that business is in fact part of society. Coronado further explains that business is an institution of society that affects and is affected by governments and other social actors. Therefore
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Drypers Corporation Case Analysis (a)In 1997 the disposable diaper and training pants was a $3.9 billion and $597 million industry respectively. Diapers and training pants are typically purchased through mass retailers‚ drugstores and supermarkets. The primary users of the disposable diaper and training pants market is comprised of mothers between the ages of 18 to 49 years old while the actual end user of the product are infants and children typically under the age of four. Advertising directly
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