There are several advantages to accepting funding from a relative. The first‚ and most obvious‚ is that by entering into a partnership to pay back this relative‚ there is no high rate interest to worry about‚ as there would be with a bank loan. Also‚ the relative only has to agree to the assistance‚ instead of applying for bank approval. There is also no risk of depreciation‚ as there is with the stock market. However‚ there is also a very large risk with this type of funding. When using a short
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What is a conceptual framework for financial accounting and why is it needed? The purpose of this essay is to address the definition of a conceptual framework (CF) for financial accounting and why it is needed. The CF can be described as a “coherent system of inter-related objectives and fundamentals that should lead to consistent standards that prescribe the nature‚ function and limits of financial accounting and financial statements” (FASB‚ 1976). This suggests that the CF has a very important
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services. However with this in mind‚ and the fact that Macintosh currently dominates a worryingly small proportion of the computer industry whereas Microsoft dominates most of it; with their software compatibilities and compatible products used worldwide‚ it is still a relevant question which I propose to answer within this essay why and how have Apple/Macintosh’s actions allowed them to survive as a business‚ even though Microsoft - the biggest multinational computer industry in the world has been
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The initial efforts were government-led through the vehicle of large industry‚ but lately‚ emphasis has shifted to Small and Medium Scale Enterprises (SMEs) following the lessons learnt from the success of SMEs in the economic growth of Asian countries (Ojo‚ 2003). Thus‚ the recent industrial development drive in Nigeria has focused on sustainable development through small business development. Prior to this time‚ particularly judging from the objectives of the past National Development Plans‚ 1962-68
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The Impact of Small Scale Business on the Nigerian Economy Small Scale Businesses contribute immensely to the growth and development of the Nigerian economy. Some of these impacts are felt in the following areas: Increase in the nation’s Gross domestic product and Gross national product 1. Increase in Gross Domestic Product and Gross National Product The Gross National Product (GNP) is the total dollar value of all final goods and services produced for consumption in society during a particular
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Sources of Errors as a Student‚ Employee‚ Business Owner‚ or in Your Personal Life and Develop Poka-Yokes That May Prevent Them Presented by: _____________________ Class: _____________________ University: _____________________ Identify several sources of errors as a student‚ employee‚ business owner‚ or in your personal life. Develop/discuss some Poka-Yokes that might prevent them. What is Error? An error is defined as a wrong action attributable to bad judgment‚
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Interview with Beyond Ergonomics/Job Posting for Small Business Tresa Milton University of Phoenix Annette Williams April 16‚ 2012 TO: Dr. Annette Williams FROM: Tresa Milton DATE: April 16‚ 2012 SUBJECT: Interview with a Small Business Owner Description of the Organization Beyond Ergonomics‚ partners with leaders of organizations by providing consulting and training services to management teams through effective team building. There focus is on teamwork and team
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Venture Concept Geri Rowland University of Phoenix FIN/375 Kent Moser December 24‚ 2012 Venture Concept Venture concept is business idea individual search to venture to profit big. New business idea takes more than just launching the new idea in hope its target consumer accept and support it and call it a success. Venturing out new business idea is a high risks to take because no one knows for sure if the targeted consumer will accept the new business idea; therefore planning for success
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Dell‚ the computer industry’s longest-tenured chief executive officer‚ on a simple concept: that by selling computer systems directly to customers‚ Dell could best understand their needs and efficiently provide the most effective computing solutions to meet those needs. This direct business model eliminates retailers that add unnecessary time and cost‚ or can diminish Dell’s understanding of customer expectations. The direct model allows the company to build every system to order and offer customers
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Background PepsiCo is currently involved in 7 Joint ventures in People’s Republic of China (PRC) and is in the proposal process of investing into an equity joint venture in the city of Changchun.This proposal would be one of the first two green field equity joint venture with PepsiCo having control over both the board and day-today managmenet. PepsiCo uses capital budgeting tools such as NPV and IRR to systematically evaluate their investment project. Using this evaluation method Mr Hawaux‚ vice
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