LIT1 Task 310.1.2-01-06 Part A Sole Proprietorship: A sole proprietorship is owned by only one person. All profits and losses are the responsibility of the owner only. Liability – There is unlimited liability in a sole proprietorship. The owner is solely responsible for any debts that may occur. Income Taxes – The business files taxes as one single unit. Because profits are not shared‚ they are considered personal income to the sole proprietor. Longevity/Continuity – In a sole proprietorship
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Advantages and Disadvantages of Entering Online Retail Introduction • • • This research business report was compiled at the request of Management to review the advantages and disadvantages of entering the online retail business. How many times have you remembered you needed an item‚ but the store was closed? The web offers a place where consumers can locate the best price and deal (Shannon‚ K.‚ 2010). Impact of Online Sales to the Company • • • Online retail
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RTT1 Organizational Systems Organizational Systems & Quality Leadership Western Governors University A. Root Cause Analysis A complete root cause analysis (RCA) for Mr. B. is described below. Date of event: Thursday‚ __________ Time of event: 4:43 Detailed description of event including timeline: Thursday 3:30 pm Mr. B a 67 year old patient was admitted to the ER after a tripping and falling over his dog at his home by nurse J. He was complaining of 10/10 pain to his
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LIT 1 Task 2 1 Situation A Relevant Facts of Situation A: * Employee A has been with Company X for two years. * Employee A’s spouse gave birth prematurely to twins. He requested leave to be with his spouse‚ which was granted. * Employee A has been on leave for 11 weeks‚ and has asked to return to work‚ and to be paid the withheld salary from his 11-week leave. * Manager has agreed to Employee A’s return to the previous job‚ at the previous rate of pay. * The manager
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Assessment task five Legislation and policies As a childminder I must ensure that my setting is safe and healthy. For this reason I will ensure that I am registered with the appropriate governing bodies and I adhere to the set guidelines. I will have up to date policies and review them on a regular basis. They will include procedures to deal with Accidents‚ Illness‚ allergies‚ and storage of and administration of medication. There are three key areas with regard to the safe care of children
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HAT 1 – Task 2 A. Explain how your own perceptions about quality of life and health promotion might affect your care for a dying patient with a lingering illness such as cancer. My perceptions about quality of life would and have affected my care of dying patients. I have been asked in numerous situations for my opinion from a patient or family member and my answer is generally the same. You should do what you think is best for the patient. Take yourself out of the equation
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Patricia Tonkovich 11/09/2014 BGA1 Task 4 A) Capital Structure Cost Weight Total Cost Common Stock 12.4% 50% 6.2% Preferred Stock 8% 10% .8% Bonds and Debt 6.2% 40% 2.48% Total 100% 9.48% B) 1. Net present value (NPV) method is used to decide whether or not a company should take on a new project or acquisition. The formula for NPV is the difference between the present value of a project’s cash inflows and its cash outflows. To calculate the present values the future cash flows are discounted using
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Objective 309.1.2-09: Discuss the application of elastic and inelastic demand in a given marketing situation. Introduction: Supply and demand concepts have application in everyday life. They also directly impact the business person in daily decisions. Task: A. Define the following three terms: 1. Elasticity of demand 2. Cross-price elasticity (include substitutes and complements) 3. Income elasticity (include normal and inferior goods) B. Explain the elasticity coefficients for each of the three
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Optimal results of a well-prepared and well-delivered performance appraisal Higher employee satisfaction – When an appraisal is exquisitely prepared and well delivered employees are prone to respond better to the feedback presented. The employees also come away from the meeting with a clear understanding of their performance and where improvement is needed. They will also have good understanding of the company’s goals both for itself and for the employee themselves. Improved Efficiency – After
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(LIT1 Task 1) Sole Proprietorship: This is a type of business is where the business and the owner are one in the same. Sole proprietorship has its advantages and disadvantages just like every form of business. Sole proprietorship is one of the easiest types of business to create. You as the owner can name‚ organize and carry the business as far as you dream of it going. Sole proprietorship also can have risks; as the owner you cannot bring others into the business‚ so the responsibility of
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