individual‚ who is self-employed and in some case employ other people on either a full time or part time basis. EDEXCEL HNC/HND BUSINESS (2009). A sole trader normally use his own personal funds/capital to start the business and he decided on types of goods or services to produce‚ the location‚ what capital or funds is required etc examples of sole traders are self employed plumbers‚ news agents‚ local shop{grocers} etc PARTNERSHIP; is an agreement between two or more peoples to engage
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private sector as a public limited company as there business is to make a profit. Tesco’s industrial sector is tertiary as it sells on their products to their clients and they provide a service. Tesco has a public limited company ownership‚ as it’s a large privately run business. The key features of having a public limited company ownership is that they are able to trade on the stock market. Tesco’s type of liability is unlimited as businesses in the public limited company ownerships usually have unlimited
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contrasting businesses- one in private sector and the one in public sector or in voluntary sector like charity. You need to write a report covering all your investigation. Note: The private sector company must be a large supermarket like TESCO‚ Sainsbury’s‚ ASDA or Morrison The public sector company could be BBC or NHS or TFL The voluntary sector must be either Oxfam or your college- WFC Range of different businesses and their ownership You work as a junior researcher for a business magazine
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THE COMPANIIES ACT‚‚ 1956 THE COMPAN ES ACT 1956 01 Q. Define a Company. Explain the essential features of a Company. Section 3(1) of the Companies Act‚ 1956 defines a company as “An association of individuals form for some purpose and registered under the present Companies Act or an earlier Indian Companies Act.” The following are the essential features of a company 1) Separate Legal Entity - A company on registration has a separate identity of its own which is different and distinct from
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but it is the norm. Classified balance sheets also separate the current assets from the long-term assets). Knowing which liabilities will have to be paid within one year is important to lenders‚ financial analysts‚ owners‚ and executives of the company. (Current assets include cash and other assets that will turn to cash within one year.) Knowing the liabilities that are due within one year and the amount of assets turning to cash within one year are so important that it makes sense to prepare a
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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 members of a partnership is formalized in the: A. B. C. D. E. indemnity clause.
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Introduction The Country Forms and Business Enterprises Direct Taxation Exchange Control Other Forms of Taxation Labour Relations and Social Security Grants and Incentives Quality of Life Appendix – A : Rates of Taxes Appendix – B : Rates of Taxes - Companies Appendix – C : RJSC Fees 1.0 Table of Contents Doing Business in Bangladesh 2012 Page|2 Howladar Yunus & Co. Chartered Accountants 2. DISCLAIMER The content of this book is based on the legislation in operation and information available
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and run by one individual. There is no legal distinction between the owner and business. All of the profits of the business belong to the owner as well as all of the debts. The personal taxes of the sole proprietor are directly affected by the company taxes. Advantages A sole proprietorship has several key positive aspects. First is that it is the easiest and simplest business structure to form. Second is that it is very inexpensive to form. Third is that the owner of the business is in control
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fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. What is the Exit stage of a business? (0.5 points) business is when a business owner gets out of their day-to-day commitment to running the company 2. What does the human resources department of a company do? (0.5 points) handles things like employee hiring‚ firing‚ insurance and retirement benefits‚ payroll‚ and employee complaints 3. What is information utility? (0.5 points) the value added to a product by providing
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Project Guide (Internal) Summer Interim Report INTRODUCTION:- Name of the company:- Bhaskar Industries pvt ltd Title-study of inventory management of textile industry. Duration of project:-2 months. Location: - Mandideep‚ Bhopal (M.P) COMPANY PROFILE:- Bhaskar groups have many sectors working in the current scenario such as media‚ printing‚ textile‚ FMCG‚ oils and internet service provider. The Bhaskar
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