Materials range from leather‚ rubber and plastic to textile and other components. The sector targets buyers of all ages and offers products for men‚ women and children. Leather footwear is normally used as dress shoes. Non-leather footwear with outer soles of rubber or other materials such as plastic‚ wood‚ textile is commonly used as casual footwear. Sandals and slippers are mostly made of textile or plastic material and are used both indoors and outdoors. Sports footwear entails high standards of
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management. capital budgeting. capital structure. 6. A business owned by a single individual is called a: A. B. C. D. E. corporation. sole proprietorship. general partnership. limited partnership. limited liability company. 7. A business formed by two or more individuals who each have unlimited liability for business debts is called a: A. B. C. D. E. corporation. sole proprietorship. general partnership. limited partnership. limited liability company. 8. The division of profits and losses among the
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organisation are as follows: Sole Proprietorship Joint Hindu Family Business Partnership Joint Stock Company Private Limited Public Limited Co-operative Society Forms of Business Organisation Sole Proprietorship : Sole Proprietorship When the ownership and management of business are in control of one individual‚ it is known as sole proprietorship or sole tradership. It is seen everywhere‚ in every country‚ every state‚ every locality. Sole Proprietorship: Characteristics : Sole Proprietorship: Characteristics
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liability to taxation. Starting a business requires some research on licensing‚ state laws‚ and regulations. Opening a business requires choosing an entity‚ taking control‚ taxation methods‚ and liability issues. The most common types of business forms are sole proprietorship‚ partnership‚ corporation‚ and S corporation. Each type of business has its advantages and disadvantages when related to obtaining a start to a business‚ tax information‚ and liability. Lou and Jose are planning to open a sports bar
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generally performed by a separate footwear making machine. Parts of a Shoe A shoe consists of sole‚ insole‚ outsole‚ midsole‚ heel‚ and vamp (upper). They are the basic parts of a shoe that are mostly included in all types off shoes. Other parts of a shoe are lining‚ tongue‚ quarter‚ welt and backstay. These parts are included as per the design of the shoes. Sole: The exterior bottom part of a shoe is the sole. Insole: The interior bottom of a shoe‚ which sits directly beneath the foot‚ is its insole
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Suruhanjaya Syarikat Malaysia (SSM) About SSM The Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia or SSM) is a statutory body which regulates companies and businesses. SSM‚ which came into operation on 16 April 2002‚ is a statutory body formed as a result of a merger between the Registrar of Companies (ROC) and the Registrar of Businesses (ROB) in Malaysia. The main activity of SSM is to serve as an agency to incorporate companies and register businesses as well as to provide company
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pros and cons for each. Sole Proprietorship The most prevalent organizational type is the sole proprietorship. Sole proprietorship is usually found among the smaller organizations. It involves one person and in many cases the person and the business are synonymous (Barringer & Ireland‚ 2010). The sole proprietorship is the low cost alternative in both start up and in maintaining costs. They usually only require a business permit in order to operate. However‚ the sole proprietorship opens the
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out the advantages and disadvantages of Sole Proprietorship’s‚ Partnerships‚ Corporations‚ and cooperative Business organizations. The information provided will also give you an insight on exactly what each Business Organization does and how it works and fits in Business structure. A lot of businesses start as sole proprietorships. There is typically one person who usually has day-to-day responsibility for running the business and that owns the firms. The Sole proprietors typically own all of the
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The acta states that a vote shall be held to have Dolabella remain in his position as suffect consul or be removed. This would then leave Marcus Antonius as sole consul‚ allowing for us‚ the senate‚ to vote for another member to fill this position‚ or more Marcus to be sole consul for the remainder of this term. It is also stated that in the time without a dictator‚ the consuls which hold high power of the republic with the senate maintaining its usual voting power
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owned by a solitary individual is called a: a. corporation. B. sole proprietorship. c. general partnership. d. limited partnership. e. limited liability company. SECTION: 1.2 TOPIC: SOLE PROPRIETORSHIP TYPE: DEFINITIONS 1-2 Chapter 001 Introduction to Corporate Finance 7. A business formed by two or more individuals who each have unlimited liability for all of the firm’s business debts is called a: a. corporation. b. sole proprietorship.
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