Types of Business Organisation GCSE Business Studies tutor2u™ Revision Presentations 2004 Introduction A business is always owned by someone. This can just be one person‚ or thousands. So a business can have a number of different types of ownership depending on the aims and objectives of the owners. Most businesses aim to make profit for their owners. Profits may not be the major objective‚ but in order to survive a business will need make a profit in the long term. Some organisations however
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Partners who take active part ion the business of the firm are known‚ as general partners. The liability of such partners is unlimited in the firm. These partners are of two types. (a) Active Partner: A general partner who takes active part in the day-to-day affairs of the business is known as Active Partner. It is also termed as working or managing partner. (b) Dormant or Sleeping partner: He does not take any part in day-to-day affairs of the business. He contributes his capital and shares
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TYPES OF AUDITS Operational PURPOSE: To evaluate whether operating procedures are efficient and effective USERS: Management of the organization NATURE: Highly non-standard; often subjective FREQUENCY: PAs: Frequently AGs: Frequently CRA: Never Internal: Frequently Compliance PURPOSE: To determine whether the client is following specific procedures set by higher authority USERS: Authority setting down procedures‚ internal or external NATURE: Highly non-standard; often subjective FREQUENCY: PAs:
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TYPES OF HYPOTHESES There are three types of hypotheses which will be explored here: • Research Hypotheses Research hypotheses are most nearly like hypotheses defined earlier. A research hypothesis is a statement of what the researcher believes will be the outcome of an experiment or a study. Before studies are undertaken‚ business researchers often have some idea or theory based on experience or previous work as to how the study will turn out. These ideas‚ theories‚ or notions established
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researched four types of organizational culture‚ which may be accepted by companies. The first type is “the power culture”‚ which means that the power is concentrated in one person and dominated by one person in the company (Greener‚ 2010). One person influences all decision-making. A type of organization with this cultural type is able to solve problems and provide solutions easily‚ however solutions depend on the central person for their success. The fact is that with this cultural type it is difficult
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------------------------------------------------- What are the different types of cheques Cheque is an important document that an individual‚ companies‚ governments and many others use to transact their business. By definition‚ cheque can be termed as a negotiable document to transfer money either in physical form or to effect inter account transfer. Unless or otherwise stated‚ a cheque is a signed unconditional order addressing the bank to credit it by the issuer. The issuer of the cheque
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The Nine Types of Intelligence 1. Naturalist Intelligence (“Nature Smart”) Designates the human ability to discriminate among living things (plants‚ animals) as well as sensitivity to other features of the natural world (clouds‚ rock configurations). This ability was clearly of value in our evolutionary past as hunters‚ gatherers‚ and farmers; it continues to be central in such roles as botanist or chef. It is also speculated that much of our consumer society exploits the naturalist intelligences
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philosophies and types used in the world of business. These types of management differ from one another. In some cases‚ a few of these management types can be mixed together in order to create something custom for a specific requirement. Management by Objectives (MBO) is one of the frequently used management types. The popularity and the proven results are the main reasons behind everyone adopting this technique for their organization. As valid as it is for many management types‚ MBO is a systematic
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Types of Lies People Tell Types of Lies People Tell > Lies might have been part of human life since language appeared. Although they are something people frown upon‚ they are not all vicious. According to the purpose to tell lies‚ they can be divided into three types: beneficial lies‚ spiteful lies‚ neutral lies. Beneficial lies usually mean to help. They are told out of kindness and people benefit from them. They help avoid hurt‚ sadness‚ insult‚ and
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People in society and business depend on the laws of the United States of America. Business depends on laws to run a profitable organization. Society depends on these laws for their ethical and social behavior. Laws for society and business are written to have checks and balances of rules and regulations. Business and organizations use these laws to enforce business practices‚ trades‚ and business use the law to settle disputes. Laws also help business to grow‚ and laws also protect
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