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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A. FIRM AND ITS OBJECTIVE: Conventional theory of firm assumes profit maximization is the sole objective of business firms. But recent researches on this issue reveal that the objectives the firms pursue are more than one. Some important objectives‚ other than profit maximization are: (a) Maximization of the sales revenue (b) Maximization of firm’s growth rate (c) Maximization of Managers utility function (d) Making satisfactory rate of Profit (e) Long run Survival of the firm (f) Entry-prevention
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ICS 01.100.30 ISBN 0-626-10013-5 SABS 0143* *This standard references other standards Edition 1 1980 (As amended 1994) SOUTH AFRICAN STANDARD Code of practice Building drawing practice Reprint 1994 Published by THE SOUTH AFRICAN BUREAU OF STANDARDS Gr 12 SABS 0143 Ed. 1 SABS 0143 Ed. 1 ICS 01.100.30 (As amended 1994) SOUTH AFRICAN BUREAU OF STANDARDS CODE OF PRACTICE BUILDING DRAWING PRACTICE Obtainable from the South African Bureau of Standards Private Bag X191 Pretoria Republic
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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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plan that contains objectives. There are two types of objectives‚ strategic and tactical objectives. Strategic objectives are objectives set for the long run; tactical objectives are short day-to-day objectives that the business needs to operate. Setting objectives provides a greater sense of direction for the business. So once an objective is set‚ the employees‚ owner and directors even‚ have a clear pathway and guide of what they want the business to achieve and the objective gives everyone motivation
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2012) Number of shareholders Percentage holding 1 to 1‚000 shares Foreign ownership(common‚ preferred A‚B&voting) Mitsubishi Corporation | 7‚253 88.12% 29.63% 10.63% | | | MANAGEMENT COMMITTEE Ayala’s management stands as the locus of decision-making for the day-to-day affairs of the corporation. Management is accountable to the board for the operations of Ayala SHAREHOLDER INFORMATION Top 20 stockholders of Ayala‚ updated quarterly. Last updated 09/30/2012
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Aims and objectives Aims The users for whom actuarial information is created can place a high degree of reliance on its relevance‚ transparency of assumptions‚ completeness and comprehensibility‚ including the communication of any uncertainty inherent in the information. Actuarial information addresses the needs of its users‚ is of high quality and supports good governance if it is: relevant‚ transparent and complete; and communicated comprehensibly. Relevant actuarial information makes effective
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MY HERO As I thought about the person who has had the greatest impact on my life‚ remember all those people who have accompanied me during my lifetime. From the beginning I realized that I could be anyone‚ this person should be someone who really stood by me unconditionally. My mother‚ a sympathetic and generous to others‚ has been the person who has had the greatest impact on my life. His heart‚ will and determination are just some of the many virtues that one day I wish I had. I always appreciated
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Objectives of Firms Introduction to Business Objectives Standard theory assumes that businesses have sufficient information‚ market power and (importantly) motivation to set prices for their products that maximise profits This assumption is now heavily criticised by economists who have studied the organisation and objectives of modern-day corporations. Not only do most businesses frequently move away from pure profit-seeking behaviour‚ many are organised and operated in a way where profit is not the
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Anderson also shared his views of Miguel Leon-Portilla’s book The Broken Spears. According to Arthur J.O. Anderson even though Miguel Leon-Portilla’s book is mostly of the defeat‚ the chaos‚ and grief the Aztecs endured‚ it is also a story that wanted to remind Spain of their debt they owe to the Aztecs . In my opinion‚ I also felt that
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