Chris Fowlks Student ID: 000433225 Legal Issues for Business Organizations Task 1 SOLE PROPRIETORSHIP: A sole proprietorship is the easiest and most simple business form to operate under. The sole proprietorship itself is not a legal entity. In a sole proprietorship‚ the person who owns the business is personally responsible for the business debts. • Liability: The business owner is personally liable for any claims/lawsuits against the business. If a sole proprietorship is defeated in a lawsuit
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ABSTRACT In this essay‚ I am going to prove that a business organization should be socially responsible in a successful or an effective manner which will eventually benefit the company’s owners or shareholders. I will do so through illustrating the different potential effects of a business organization engaging in Corporate Social Responsibility (“CSR”). The effects that will be shown in this essay would be an increase and decrease in the company’s expenses‚ sustaining and harming the environment
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Legal Issues for Business Organizations – LIT1 Task 1 Legal Issues for Business Organizations – LIT1 Task 1 – Part A The way a business is organized is an important part of the business’s structure. “Different organizations provide different advantages and disadvantages in creation cost and simplicity‚ ongoing maintenance requirements‚ dissolution and continuity‚ fundraising‚ managerial control‚ public ownership‚ tax planning‚ and limited liability.” The nature of the business being conducted
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three basic legal forms of business organizations: the sole proprietorship‚ the partnership‚ and the corporation. Each form of legal organizations has unique characteristics that are important to consider when starting a business. The legal form chosen will make significant differences for things such as ownership‚ sources of financing‚ personal and financial risk‚ taxes‚ workload‚ buying or selling a business‚ and liability issues. A sole proprietorship is a business owned by a single individual
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PRINCIPLES OF MANAGEMENT III DEFINE ORGANIZATION; DISCUSS THE CHARACTERISTICS‚ IMPORTANCE AND ITS SIGNIFICANCE. INTRODUCTION: The word is derived from the Greek word ORGANON‚ itself derived from the better-known word ERGON which means "organ" – a compartment for a particular task. ORGANIZATION is the foundation upon which the whole structure of management is built. It is related with developing a frame work where the total work is divided into manageable components in order to facilitate the achievement
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ITSC‚ PMO‚ NRG and explain. BPTO – Business Process‚ Technology and Organization. Matulovic created BPTO as firefighters who dealt with challenging projects. Consisting of 23 people‚ Matulovic created the organization to remove the ambiguity of governance and development processes. DBC – Digital Business Council‚ composed of representatives from the eBusiness teams within each business unit. They were responsible for categorizing projects‚ assessing their business impact‚ discerning alignment with
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Theory of Multiple Intelligences Ben Thiel COLL100 American Military University Professor Corey Tutor Howard Gardner’s Theory of Multiple Intelligences is comprised of eight intelligences. A further analysis will be concentrated on three specific areas and the impact each has on an individual’s overall personal success. These intelligences include: linguistic intelligence which refers to verbal intelligence‚ interpersonal intelligence is being able to appreciate and identify what others require
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Implementing Strategic Choice BA570 November 4‚ 2013 1. What advice would you give to management concerning the best way to implement strategic choices in an organization? There are four types of tactics that management can use to implement strategic plans in an organization: intervention‚ persuasion‚ participation‚ and edict. Intervention tactics begins when a manager decides to make strategic changes. The manager creates the need for change in minds of the group (leaders
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CAREER CHOICES--8TH GRADE EMPLOYABILITY SKILLS--"TOOLS FOR SUCCESS" TABLE OF CONTENTS Content Page Acknowledgements............................................................................................................................................................. 3 To The Teacher .................................................................................................................................................................... 4 Course Description .............
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consistently followed by a business.Allowing businesses to make choices on the use of accounting policies may lead to withholding information from the accounts to ensure that the figures appeal to stakeholders. This can be perceived as a potential weakness of accounting policy choices as businesses may have to cease all trading activities and employees will lose their jobs so this can affect stakeholders. Accounting policy choices ensure organizations include the right information in the notes to the accounts
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