...1) Identify the pros and cons of the partnership as a form of ownership. The pros and cons of the partnership as a form of ownership are that: General partnerships have many benefits, but the most compelling is the ease with which they can be set up and be maintained. The pros of partnerships are its flexibility where in partnership agreements; the partners are free to set their responsibilities and benefits as they see the needs of the business dictate. The structure of the organization and the distribution of profits and losses are much more flexible in a partnership than they are in a corporation. Partnerships are also considered as a discrete asset and can be transferred to other people or estates. The cons of partnership are that all partners doing business are potentially and personally liable for all business debts and lawsuits. Each partner is financially responsible for his or her share of the business debt and it is the partner with the greatest assets who loses the most if the business fails. The unlimited liability of partnership is not only the advantage but also a disadvantage. 1) Discuss funding options for small businesses. The funding options for small businesses are debt financing, equity, venture capital: Debt Financing is a way where many small businesses start up with loans and having good credit with an established bank will help the small business in getting debt. However, banks are often reluctant to loan to non established businesses, but can be get...
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...The three fundamental concepts and principles of the American legal system I chose were the economic analysis of law, religion, and the right to freedom of religion and freedom of expression. There was a similarity with each of these areas where they were connected in some way or another. The economic analysis of the law is especially emphasized in the legal system of the United States. Why is the economic analysis so important? There are several factors that incline the American legal system to economics. One is the legislative function of the American courts, which encourages American lawyers to think legislatively. They have to think about policy, match ends to means and balance competing interests. Another factor is the fluidity of the American legal profession, in which lawyers, in the course of their careers, may serve as academics, advocates, politicians, consultants, practitioners, government officials or judges. Yet another factor is the prestige of applied economics in the United States; and the desire of American economists to apply current theory to the law. The final factor is the interest of many lawyers in the problems raised by monopolies stimulated by enforcement of antitrust laws and the regulation of public utilities and common carriers. Another issue I believe to be important is "religion" how is it to be defined. This issue is crucial to international human rights law since the protections afforded religious freedom by the various international...
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...David L. Moore Strayer University Business 100 Dr. Amanda Manners November 12, 2013 Effective communication in the work place is essential for a successful work place environment. I have been in numerous work places where the communication was poor and I have been in work place environments where the communication flowed and we were very successful in getting the job done. Understanding each other and what each other bring to the table, brings a level of respect amongst the employees in the work environment. There was one time when I was stationed in Fort Leonard Wood, Missouri my new job was going to be a instructor, teaching new soldiers the job of Combat Engineer. My part of that process was teaching them demolition training in which we teach them inert training and when they passed that, they were allowed to go outside to the demolition range and blow up C-4 and dynamite. Effective communication between myself and other instructors was paramount as we had to weed out soldiers that needed more training and wasn’t yet ready to use the real stuff. We had to continuously confer with each other every hour sometimes every thirty minutes to make sure that we were on the same page reference to the soldiers. Being that demolitions have no one’s name on it, we had to ensure from a safety standpoint to leave certain soldiers in the classroom to continue training on inert demolitions. To be absolutely effective in what we did as instructors, we placed a high commitment on communication...
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...Week 8: The Politics of Popular Culture | | |Lesson Content | | | |[pic][pic]Lecture Notes 8 | | | |Chapter 10 Storey (2010) Lecture Notes | |This book has outlines the history of the relationship between cultural theory and popular culture. | |- The study of popular culture has changed over time as theories are developed within the context of historical and | |political conditions | |o There is no singular approach (or agreement) on what popular culture is, how it is to be understood, and how it is best | |studied | |o The theoretical approaches to the study of popular culture sometimes complement each other, and they sometimes contradict...
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...To understand the important role that business plays in the economy and its influence on your standard of living, imagine a world in which you personally had to produce everything you consume. You would have to grow your own food, sew your own clothes, cook all of your meals, and build your own car, computer, cell phone, house, and furniture. It would be impossible to actually complete all of these activities on your own. Only a fraction of these activities could be completed because it takes a lot of time and resources to learn how and to build a car, computer, house, and so forth. Time and resources are scarce, and people have to make choices about how they spend them. Because business is present in the economy, we are able to consume and enjoy many more goods and services than we otherwise could if we had to produce everything on our own. You eat food that is grown and often prepared by someone else. Your clothes are sewn by someone else. Your car, MP3 player, computer, and cell phone were produced by someone else. The movies you watch and the music you listen to were all created by someone else. If you produced everything on your own, you would have little access to medical and dental care. These items are a part of everyday life and would not be available if not for markets and business. For-profit and nonprofit organizations play important roles in the economy. For-profit organizations produce goods and services, and provide employment with the primary goal of generating...
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...Effective communication in the work place is essential for a successful work place environment. I have been in numerous work places where the communication was poor and I have been in work place environments where the communication flowed and we were very successful in getting the job done. Understanding each other and what each other bring to the table, brings a level of respect amongst the employees in the work environment. There was one time when I was stationed in Fort Leonard Wood, Missouri my new job was going to be a instructor, teaching new soldiers the job of Combat Engineer. My part of that process was teaching them demolition training in which we teach them inert training and when they passed that, they were allowed to go outside to the demolition range and blow up C-4 and dynamite. Effective communication between myself and other instructors was paramount as we had to weed out soldiers that needed more training and wasn’t yet ready to use the real stuff. We had to continuously confer with each other every hour sometimes every thirty minutes to make sure that we were on the same page reference to the soldiers. Being that demolitions have no one’s name on it, we had to ensure from a safety standpoint to leave certain soldiers in the classroom to continue training on inert demolitions. To be absolutely effective in what we did as instructors, we placed a high commitment on communication as we had hand held walkie talkies on us and we were in contact on cell phones...
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... Question 1 5 out of 5 points | | | In the relationship era, firms began to recognize that cultivating current customers is more profitable than constantly _____Answer | | | | | Selected Answer: | seeking new customers. | Correct Answer: | seeking new customers. | | | | | Question 2 5 out of 5 points | | | _____ refers to the quality and quantity of products and goods available to a population at a given time.Answer | | | | | Selected Answer: | Standard of living | Correct Answer: | Standard of living | | | | | Question 3 0 out of 5 points | | | In order to effectively compete many companies have taken proactive steps to hire and nurture people from broad range of backgrounds. This is an example of which business environment?Answer | | | | | Selected Answer: | competitive | Correct Answer: | social | | | | | Question 4 5 out of 5 points | | | The core goal of business is to generate long-term _____ by delivering _____ to their customers.Answer | | | | | Selected Answer: | profit, value | Correct Answer: | profit, value | | | | | Question 5 5 out of 5 points | | | During the marketing era consumers found:Answer | | | | | Selected Answer: | more choices for goods and services. | Correct Answer: | more choices for goods and services. | | | | | Question 6 5 out of 5 points | | | All of the following are...
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...Fundamentals of Effective Communication in the Workplace Jamaal Hawkins Professor Dan Bailey BUS-100 Introduction to Business 05/08/2016 My years as a part of the labor force have been spent primarily in manufacturing. The majority has been in Automotive Components but more recently Refractory Solutions. The chain of command at my job goes Plant Manager, Shift Supervisors, Line Operator, and Line Helpers. All of them oversee their respective subordinates. Over the past 30+ years, natural degradation and poor communication lead to low morale and low production. In an attempt to curb some of these issues, a simple and effective tool was implemented. A suggestion board. The board has several different sections. The first is for posting employee concerns. Once a post is put up it is determined by a committee to be “doable” or not. If “doable”, the post progresses to the next section which explains the plan of the action. If not, an explanation as to why is given. The plan of action lists an estimated start and finish time frame. Once that period begins the post is moved to the “in progress” section. Then finally the completed section. The board itself is bordered by employee family photos and encouraging quotes. This expresses to the employee that the company encourages a family oriented environment. It’s a non-verbal way of saying “the things that are important to you, are important to us”. Workers are also encouraged to put up silly photos as you are more likely...
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...BUS 100 Quizzes Answers http://www.homeworkarena.com/bus-100-quizzes-answers BUS 100 Quizzes 2-3-4 Answers Bus 100 Quiz 2 Answers Question 1 A key advantage of a corporation is that Question 2 A _____ is a voluntary agreement between two or more people to jointly own a business. Question 3 _____ are organizations, such as mutual funds, insurance companies, or pension funds, that pool contributions from a large number of investors, clients, or depositors to buy stock and other securities. Question 4 What are the three types of partnerships? Question 5 A _____ maintains limited liability but offers more flexibility in terms of tax treatment than other forms of business ownership. Question 6 In an acquisition, the firm being purchased is the _____ and the firm which is purchasing the other firm is the _____. Question 7 A statutory close (or closed) corporation gives its shareholders Question 8 A company must register as a foreign corporation if they Question 9 The most effective way to form a general partnership is Question 10 From the standpoint of an owner, a major advantage of the sole proprietorship is the: BUS 100 Quiz 3 Answers BUS 100 Week 3 Quizzes New 2015 Question 1 _____ is a structure for allocating scarce resources. Question 2 The economy,...
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...Assignment 1 BUS 100 May 16, 2012 The World Business Council for Sustainable Development (WBCSD, 2010) has identified alarming levels of growth in urbanization and consumption in a new report, and describes the crucial role of business in the transition to sustainability. According to the report, "Business and Development: Challenges and Opportunities in a Rapidly Changing World," published by WBCSD (2010), "The world is experiencing a historic shift of economic and political power from the traditional base of industrialized countries to the emerging economies." As the report points out, by 2050, three of the four largest economies -- China, India, and Brazil -- will be those of countries now described as developing. As development in those and other countries intensifies, their populations will become increasingly urban. By 2050, when the world's population is expected to be about 9 billion, 70 percent of the world's population will live in urban environments, with the great majority living in cities in developing countries. "Urbanization is happening fast," the report observes, "And most of it is being poorly managed, putting hundreds of millions of the urban poor in harm's way."As the economic emergence of developing countries continues, global consumption patterns will become more critical. "Global consumption patterns and trends are putting unsustainable and increasing stress on the Earth's ecosystems, the supply of material resources needed for industrial growth...
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...Assignment #1: The Business Environment Mondith Sreng Professor Jane Osburn BUS 100 Introduction to Business 1/22/20122 The role of business in an economy is involved in any type of activity that provides goods, services, or both to consumers in an attempt to earn a profit. Business drives up the standard of living of quality and quantity of goods and services available to a population and contributing to the higher quality of life in which is overall sense of well-being experienced by either an individual or a group. Business also helps raise the standard of living through taxes. However businesses do not only provide the products and services that people acquire, but they as well provide job opportunities that people need to survive nowadays. The evolution of business has changed a lot over the past 200 – 300 years. American businesses were divided into five distinct ears, which created a huge impact in our economy. There were The Industrial Revolution, The Entrepreneurship Era, The Production Era, Marketing Era, and The Relationship Era. The Industrial Revolution was a period of rapid industrialization during the mid-1700s to the mid-1800s. Factories hired a large amount of mediocre workers who worked only on limited number of tasks. The Entrepreneurship Era was during the second half of the 1800s. Where entrepreneurs came about building business empires, they were raising mass amounts of wealth. However many also dominated their markets, which in fact put out...
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...Assignment 1: Fundamental of Effective Communication in the Workplace Arthinia Thompson Professor: John Kell BUS 100 02/09/2014 Effective communication skills may seem at first like a simple thing to master. However, if you don't realize that effective communication skills involve more than just what you say, you probably confuse people all the time. In fact, communication utilizes many modes, including verbal, body language, written text and more. By becoming aware of these modes and learning to use them, you will be able to acquire effective communication skills that you can use in many different situations. To help better understand a situation of a person can enables us to resolve differences, building respect and trust, creating an environment where creative ideas and problem solving, affection, and caring can flourish. As simple as communication seems, much of what we try to communicate to others and what others try to communicate to us gets misunderstood, which can cause conflict and frustration in personal and professional relationships. By learning these effective communication skills, you can better connect with your employee’s. Effective communication is so important for organizational success that not only managers, but also their employees must be effective communicators. One role of a manager is to help employees improve their communication skills. When all members of a team, department, or organization are able to communicate effectively with each other...
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...Dr. Thomas MKT 360 Case 9: Chevrolet: 100 Years of Product Innovation Pablo Millan 3/29/16 Synopsis: General Motors Chevrolet brand is one of the most outstanding companies in the world. Since its modest founding in 1911 by William Durant, Chevrolet has evolved into a global and well-respected company. Chevrolet is known for their product quality and durability, which are the two main key factors that have held the company’s success. The company also stands out because of their strong history regarding product innovation and branding strategy. When people hear the word “Chevrolet”, instantly they think of a proud American brand. The company’s rivalry with Ford and the relationship with General Motors are two circumstances that mark the history of the brand. Chevrolets affordable vehicles including large trucks, delivery vans, compact automobiles, sports cars, and racecars have all went through product modifications each year evolving technology improvements. The company also face several marketing challenges. One of the biggest is competition from other American automobile brands like Ford, Cadillac or Chrysler. The impact that the Federal Government’s financial rescue to General Motors had in 2008 showed the weaknesses of the company. SWOT Analysis: Strengths: * Capital to allocate towards research and development * Global presence * Experience ( more than a century in the market ) * Brand loyalty * A diverse product mix * Brand presence...
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...| The Business Environment | BUS100 | Professor Mancini | | | Robert Negron 6/21/2013 Describe the role of business in the economy. Compare and contrast the roles of for-profit and nonprofit organizations in the economy. Discuss the impact of current fiscal and monetary policy on the economy. Select a product or service with which you are familiar and outline a strategy for accessing global markets. Select an organization with which you are familiar and discuss the impact of that organization’s level of social responsibility on a stakeholder group of your choice. | What is the role of business in the economy? Some might say that business breathes life giving air into the lungs of the economy. Business is an organization involved in the trade of goods, services, or both to consumers. Businesses play a huge role in every section of an economy, such as; manufacturing, healthcare, retail and service are examples of what involves businesses. Businesses also create jobs, and use local resources. In turn consumers that are employed by businesses make money in turn spending that money back into the economy creating continues cycle of business. The roles of for-profit and non-profit play a critical role in the economy and are very similar but have one obvious difference. A non-profit organization simply is a business-like establishment; their end result does not include profit where as a for-profit organization’s goal is profit. For-profits also differ from non-profit...
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...Creating, Financing, and Marketing a Business The Partnership There are several pros and cons of the partnership as a form of ownership. These are discussed in the succeeding paragraphs. The pros will be discussed first. The first pro of partnership is the ability to combine resources. When partners join forces towards a common goal, they are able to compliment the weaknesses of one and enhance the strength of others. These resources can come in many forms. Very often, the individual or party with the knowledge or product might not have the capital funding to start the business. They can enter into a partnership with someone who can provide the needed finical resources. The second pro of partnership is the idea of shared risk. When partners start a business, the risk of failure and financial liability is divided and shared amongst owners. The amount or extent of liability of each owner varies with different partnerships. These guidelines are usually outlined by a predefined arrangement. The third pro of a general partnership is that they are easier to form than corporations. According to legalzoom.com, “Another benefit of general partnerships is their simplicity and flexibility. General partnerships are usually less expensive to form and require less paperwork and formalities than corporations, limited partnerships or limited liability partnerships.” The cons will now be discussed. The first con of partnership is the...
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