The primary advantage of a corporate form of business is that a corporation is a stand-alone entity‚ which means you are not personally liable for the assets and debts of the business. Incorporating protects your personal assets from lawsuits‚ debt collection and other business issues that can arise. The stand-alone entity also separates tax liabilities‚ which is another advantage. This means that the corporation’s taxes are separate from your personal tax liabilities. As a business
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You are required to prepare an investigative report on a recent corporate scandal that involved improper accounting practices or any form of financial scandal. Your report must include the following: an overview of the corporation a description of the scandal methodology - explaining the specific accounting impropriety that the company used. an explanation of how the firm managed to hide their accounting improprieties a discussion of who the scandal effected - both inside‚ and outside
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A 24-year-old male presents to the trauma bay of an emergency department after being struck as a pedestrian by a car. Upon arrival‚ his Glasgow consciousness scale (GCS) is 15 and the patient is hemodynamically stable. Examination reveals left lower leg deformity with a 1 cm overlying skin wound. There is some fat visible in the wound‚ but no bone or gross contamination is identified. There is slow‚ but steady‚ dark blood oozing from the wound. Radiographs obtained in the trauma bay are shown below
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Reaction Essay: The Corporation The documentary The Corporation‚ directed by Jennifer Abbott and Mark Achbar and produced in 2004‚ although bias‚ opens many doors for discussion in regard to capitalism and the role of corporations in our lives. I found the documentary to be presented professionally‚ and filled with legitimate facts more so than extreme opinion. The documentary truly outlines the "all-pervasive" role the corporation has taken as the "world’s dominant institution". The film opens
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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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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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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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Case 06-65 The Minnetonka Corporation The Minnetonka Corporation‚ which produces and sells to wholesalers a highly successful line of water skis‚ has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis. After considerable research‚ the cross-country ski line has been developed. Because of the conservative nature of the company management‚ however‚ Minnetonka’s president has decided to introduce only one type of the new
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