Sole trader – Definition: A sole trader is a company started and run by one individual A sole trader - also known as a sole proprietorship or simply proprietorship - is a type of business entity which is owned and run by one individual and where there is no legal distinction between the owner and the business. Sole trading is widespread- A very large proportion of business conducted in the UK is undertaken by the trader working on his own usually providing his own money (capital) to start
Free Types of companies Corporation Legal entities
A Project On “Study on Recruitment Process” Human Resource Management Human Resource Management (HRM) is the function within an organization that focuses on recruitment of‚ management of‚ and providing direction for the people who work in the organization. HRM can also be performed by line managers. HRM is the organizational function that deals with issues related to people such as compensation‚ hiring‚ performance management‚ organization development‚ safety‚ wellness‚ benefits‚ employee
Premium Recruitment Human resource management
»The effects of corruption on firm performance« Ljubljana‚ 27.5.2014 ABSTRACT In this seminar project we are going to present some of the basics of the effects that corruption has on firm performance. At the beginning of the paper we are going to describe the spread of corruption across companies‚ its consequences and why it is good to avoid it in general. Examples supporting those facts will be provided. We are going to mention some concrete effects on firms‚ most of which are negative
Premium Economic growth Corruption Political corruption
4 Types of Adultery This post was first published on ROOTSS on Wednesday‚ 7th February 2007 When I was a young boy growing up in church‚ I remember one particular Sunday when there was no Sunday School. My sisters and I accompanied our parents to Sunday Service and Rev Sam Goh was preaching. Back then‚ our church was pretty small and cosy‚ and could sit about 300 persons. Our dear Pastor asked the congregation whether any of us could remember the Ten Commandments.I remember one member mentioning
Premium Types of restaurants Fast casual restaurant Fast food
Why firms go international? There are many reasons can promote firms go international‚ includes the domestic market saturation‚ end of PLC in domestic market‚ geographic diversification‚ to gain the economies of scale‚ stiff competition in domestic market and absence of competitors overseas etc. 1. Some firms go international in order to gain the economies of scale. As a research has pointed out that a doubling of output can reduce the production costs by up to 30 per cent. This is very obvious
Premium Sociology KFC Fast food
References: Ameer R.‚ Ramli F. and Zakaria H. (2010). A new perspective on board composition and firm performance in an emerging market. Emerald Group Publishing Limited‚ ISSN‚ 10‚ 647-661. Andres Pablo de‚ Azofra V. and Lopez F. (2005). Corporate Boards in OECD Countries: size‚ composition‚ functioning and effectiveness. Corporate Governance‚ 13 (2)
Premium Corporate governance Board of directors
Independence of outside audit firms has been an ongoing issue for a long time in the US corporate world. The fundamental problem arises for the lack of clarity about whom does the audit firm really works for‚ the shareholders or the client company. According to Anandarajan et all (2008)‚ this lack of clarity has resulted in auditor’s independence being impaired. In the US‚ the client hires‚ pays‚ and fires the auditor and therefore‚ the culture of the auditors serving at the pleasure of the client
Premium Auditing Audit Internal control
Firm Entrepreneurship and Measures of Firm Entrepreneurship Activity The main hypothesis of the economic theory of entrepreneurship is that in the economy firm entrepreneurship contributes to production through the combination of the existing productive factors. Innovation and firm entrepreneurship are found to have positive economic effects mainly in terms of employment opportunities‚ taxation revenues and economic output. The measurements of these positive effects provide the basis of international
Premium Economics Economic growth Entrepreneurship
Bruce Stone‚ O.P. Dwivedi‚ and Joseph G. Jabbra list 8 types of accountability‚ namely: moral‚ administrative‚ political‚ managerial‚ market‚ legal/judicial‚ constituency relation‚ and professional.[13] Leadership accountability cross cuts many of these distinctions. [edit] Political accountability Political accountability is the accountability of the government‚ civil servants and politicians to the public and to legislative bodies such as congress or parliament. In a few cases‚ recall elections
Premium Legislature Government Democracy
texting a friend‚ talking on the phone or face to face conversation‚ this type of communication is in general on a one to one basis or involves only a few people‚ in the twentieth century technology has advanced considerably leading to an increase in mass communication medium‚ in addition these advances make it relatively straight forward to communicate with a vast audience. Mass communication is the term given when different types of medium that are capable of engaging a large portion of the public
Premium Management Strategic management Organization