John Walter O. Boisvert TM 102 (12:20 – 2:00) FORMS OF BUSINESS ORGANIZATION 1. Sole Proprietorship - is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name. ADVANTAGES: * Capital - Sole proprietor contributes
Premium Corporate tax Corporation Business law
PRINCIPLES OF MANAGEMENT REVIEW MATERIAL # RM2014-001 BUSINESS – is any activity involved in the production and distribution of goods and services‚ aimed to meet the economic needs of consumers with an objective of eventually earning profit. ELEMENTS OF A BUSINESS SYSTEM Economics is the study of how society produces and distributes its desired goods and services. It deals how the society uses its resources to produce goods and services. These economic resources to produce are called
Premium International trade Management Globalization
CHAPTER 16 TEST QUESTIONS MULTIPLE CHOICE 1. In regard to political structure‚ postclassical India a. rivaled Tang China in respect to size and administrative brilliance. b. developed no single centralized imperial authority. c. copied the Chinese model after being conquered by the Tang. d. was most influenced by Byzantium. e. was more similar to imperial Rome than to Tang China. 2. An invasion in 451 C.E. by the White Huns‚ began the collapse of the Gupta dynasty and a. began
Premium India China Song Dynasty
PRACTICE OF BUSINESS ETHICS MMUI J131 • Rotua Veronika Ariester • Sarah Afifah • Samuel Krissandi • Ronald • Eldhie Sya’banni • Reffit Gustaroska ORGANIZATIONAL ETHICS DEFINITIONS Organizational Culture: The values‚ beliefs‚ and norms that all the employees of that organization share Value Chain: The key functional inputs that an organization provides in the transformation of raw materials into a delivered product or service ASTRA CREDIT COMPANIES Vision: Become
Premium Trigraph
Miguel Flores Checkpoint: Business Organization A sole proprietorship is a business that is owned by one person only. That one person is the sole owner and makes all decisions on their own. Most sole proprietorships are small business likes restaurants‚ markets‚ and liquor stores. The owner must have knowledgeable business experience or else his business will not be profitable. Most of this shops end up closing up after a couple of years because the sole owner must take in all the losses
Free Types of companies Corporation Legal entities
Business Revision Topic 1 – Business Organisation and Environment * What is business activity? Inputs – Land‚ Labour‚ Capital & Enterprise Outputs – Goods or Service & Waste. Processes – Research and development‚ Production‚ Marketing‚ Finance‚ Administration‚ Human Resources. * Functions * Production – the changing of natural resources into a product or service. * Marketing – IT is to do with identifying consumer needs and pleasing them. Eg: Pricing‚ advertising
Premium Marketing Pricing
After identifying a significant related party transaction outside the entity’s normal course of business‚ an auditor should Evaluate the business purpose of the transaction. In auditing related party transactions‚ an auditor ordinarily places primary emphasis on The adequacy of the disclosure of the related party transactions. Subsequent to issuing a report on audited financial statements‚ a CPA discovers that the accounts receivable confirmation process omitted a number of accounts that are
Premium Auditing Financial audit Audit
CHAPTER 15 TEST REVIEW RECONSTRUCTION AND THE NEW SOUTH Multiple Choice Questions 1. Reconstruction of the South after the Civil War was viewed by the victorious Northerners as A) a means by which the industrial capacity of the South could be rebuilt B) the best means by which poor whites could be given positions of power in the South C) the only way the South could be prevented from restoring their pre-Civil War society D) a necessary evil
Premium American Civil War Southern United States Reconstruction era of the United States
CHEM 4183 Exam #2 Name:________________________ March 11‚ 2013 I. Multiple Choice (3 pts each) Choose the best answer and write it to the left of the problem number in the space provided. 1. What is a particular advantage of graphite furnace atomic absorption over flame atomic absorption? (a) higher temperature (b) lower S/N (c) less interference (d) small sample amounts 2. In atomic emission spectroscopy‚ it is desirable to have a high concentration of
Premium Spectroscopy Analytical chemistry
Minas Poulos – Buyer Behaviour 2nd Edition Multiple Choice Test Bank Which of the following is closest to a product described as high involvement? 1. Detergent 2. Paper stapler 3. Sun glasses 4. None of the above Which of the following best represents the order of consumer decision making? 1. Information search; final purchase; evaluation of alternatives; 2. Problem/need recognition; information search; evaluation of alternatives; final purchase 3. Post purchase;
Premium Decision making Reinforcement Operant conditioning