Task 1 Describe the type of business‚ purpose and ownership of 2 contrasting types of businesses. Sole Trader A sole trader is a business owned by 1 person. It does not have limited liability meaning that if it fails and creates debts the owner is personally responsible for this. Sole trader’s usually have to work long hours and learn about all the aspects of business as many start up businesses cannot afford to hire people to take on other tasks. The owner is responsible for everything that goes
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Explain the benefits of knowing the purpose of communication. Communication is key in any business‚ it keeps the productivity of the business high and all colleagues feel part of the team as well as the company if they are being communicating with properly. It is also important to communicate with customers properly via phone‚ email‚ fax etc. By not communicating with customers properly we could lose their business and potentially develop a bad reputation. At Traplet it is extremely important we communicate
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retail business. British supermarket chain Asda was recently taken over by American retail and wholesale giant Wal-Mart. After retaining the name Asda‚ the supermarket chain has grown and opened stores across the UK‚ recruiting many employees along the way. The recruiting policies have undergone a major re-vamp with a large local recruitment drive. Recruitment drives are sometimes conducted seasonally‚ like during Christmas‚ when extra part time staff is hired to cope with the rising business. Applications
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the Roaring 20’s caused the Great Depression and the condition did not improve until president Franklin D. Roosevelt’s administration stepped forward with the New Deal reforms. Although the FDR administration had some of the best intentions‚ enough reasons remained to raise strong resistances against this administration’s desires. As the New Deal also aimed to preserve Capitalism‚ people like Father Coughlin who was in favor of the Agrarian America that never fully accepted Capitalism started resisting
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service. It operates under a public limited ownership as a tertiary business. A public limited company (PLC) means it is able to offer shares to the public. The owners of these PLC’s are the main shareholders. A tertiary business is one that provides a service to other business or individuals. Federal Express (later known as FedEx) was established in 1973. Ten years later‚ the company reaches $1bn in revenue – the first US business to achieve this status without merger or acquisition. Services extend
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India VS. China From my perspective‚ the main factor contributes to the difference in FDI and economic growth in China and India are institutions. There are two kinds of institutions; one is formal institution‚ including political system‚ legal system and economic system‚ another one is informal institution‚ which consists of culture‚ business norms and ethics. As for political system in India‚ which labeled as "sovereign‚ socialist‚ secular‚ democratic republic." It is similar to America‚ it
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I strongly believe that the key to world reform is self-reform. By attending the University of Colorado‚ I hope to attain a strong education that will help me achieve significant reforms that in turn will let me help others. Currently‚ I am a freshman majoring in chemical engineering and pre-medicine. When I graduate from CU‚ I plan to further my studies in medical school or perhaps dental school. More importantly‚ I wish to set a good example for others to follow through my hard work and determination
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Political Tesco has to pay corporation tax which comes out of the revenue as a cost which lowers the overall profits which the business receives this will affect them expanding/growing the business even more by maximise profits and having lots of retained profits to help keep the business expanding/growing. Tesco can be affected heavily by taxation from corporate tax‚ environmental tax‚ and even value added tax even though value added tax is put on top of
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the essay about the mandate of heaven is "The ‘Mandate of Heaven’: Mencius and The Divine Command Theory of Political Legitimacy." written by Nuyen‚ A. T. In this article‚ the two philosophers from ancient China‚ Confucius and Mencius’s political views on the terms of the mandate of heaven is discuss as well as the Divine Command Theory of political legitimacy. It claims that the theory is parallel to the Divine Command Theory of morality. The liberal interpretation of the mandate of heaven is refer
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Chapter 1 Law and Legal Reasoning N.B.: TYPE indicates that a question is new‚ modified‚ or unchanged‚ as follows. N A question new to this edition of the Test Bank. + A question modified from the previous edition of the Test Bank. = A question included in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. Laws and government regulations affect almost all business activities. ANSWER: T PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal 2. The U.S. Constitution
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