...LEGAL ISSUES FOR BUSINESS ORGANIZATIONS (LIT): TASK 1 TIPS Task 1 requires you to apply three different employment laws (FMLA, ADEA & ADA) to three different situations and determine whether or not there was a violation of the applicable law. Getting Started: 1. Login to Taskstream and review the task instructions and grading rubric for Task 310.1.5-02, 11, 13. 2. Go to the LIT Course of Study and read the materials related to FMLA, ADEA & ADA. Formatting Your Paper: Your paper should consist of 3 separate sections. If you would like to include an introduction paragraph you can but it is not required. Each section should include a discussion of at least 3 major provisions of the applicable law, how the law applies to the facts and whether or not there was a violation of the law. Be sure to review the general facts given about Company X as well since some of this information is necessary to determine if the law applies to Company X and whether or not there was a violation. Please note citations to the applicable laws must be included. See sample format below: Situation A -Discuss at least 3 major provisions of FMLA. (Generally, this is a paragraph or two.) -Discuss the key facts in Situation A. (Generally a paragraph.) -Determine if the law applies to Company x and state whether or not it was violated. Be sure to show how you reached your conclusion. It is not enough to simply state that there was or was...
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...LIT 1 TASK 2 Situation 1 In 1993 President Bill Clinton established the Family and Medical Leave Act (FMLA).Employees who qualify may take a leave of absence from their occupation. This is managed by the Wage and Hour Division of the United States Department of Labor. The following people are allowed time off based off the reasons listed below Twelve workweeks if: • The Employee has a child/baby, and/or needs to take care of newborn infant or baby within one year of birth • If an employee chooses to adopt a child or is entrusted with becoming a foster parent. The employee shall also be able to request a temporary leave to care for the child within one year time frame of placement. • Employee may also be eligible if they need to take care of child, spouse, or parent with any type of serious medical condition. • If employee is not able to perform everyday tasks at his/her occupation due to serious health/medical conditions • If the employee’s child such as the son or daughter or spouse is active in the military, they are covered as well. Or: Twenty-six work weeks of leave during a single 12-month period to care for a covered service member with a serious injury or illness if the eligible employee is the service member’s spouse, son, daughter, parent, or next of kin (military caregiver leave). ("USDOL," n.d., para. 3) This leave of absence will be unpaid, however job protection is a benefit, and the employee will be covered under identical group health insurance...
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...reported on April 24th 2012. The company posted quarterly revenue of 39.2 billion and quarterly net profit of 11.6 billion (Apple and the Environment ). Apples’ achievements do not go unnoticed, but we must also credit those individuals who work tirelessly to keep Apple on top. Individuals dedicated to constantly strategizing to ensure the continued success of Apple. Strategies like environmental scanning, that consists of a scan and evaluation of the external environmental to recognize potential threats or opportunities of the organization. The environmental scanning of an organization as large and as successful as Apple must be thoroughly performed and must incorporate the natural physical environment, the societal environment and the task environment. (Thomas L. Wheelen, 2012) Natural Physical Environment: Apple has been trying to diligently go greener to reduce their impact on the environment by improving their products environmental performance. They are designing their products to incorporate less material, ship with smaller packaging, be free of toxic substances, and be as energy efficient and recyclable as possible (Apple and the Environment ). The company has posted on Apple.com “that they are committed to creating...
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...Theory and Practice of Regulation of Anti-Money Laundering for Banks and NonBanks Hayford Kwesi Annor Manager, Risk & Compliance/AMLRO, ABii National Savings & Loans Ltd. Doctorate of finance student, SMC University, Switzerland. FAAFM, Ch.FE, ACCPA, MBA, BSc, HND h.k.annor@gmail.com Abstract A deregulated financial sector is free to accumulate and allocate funds from anywhere irrespective of the nature, form, intent and source. Without regulatory oversight, this poses zero risk to banks and nonbanks no matter how they finance the capital structure. In the real world, banking is an outcome of interactions between the regulator and the regulated. Regulatory consequences apply for failure to comply with the acceptable standards of best practices of banking regulation which include fines, sanctions, jail terms and revocation of the banking license for willful or non-willful noncompliance. The physical disposal of proceeds of funds’ from crime with aim of separating same, through creation of layers to disguise trails of the source and make it seem legitimate undermines the integrity of the financial system. It is required of the banking sector to build a comprehensive framework that identifies, assesses, monitors, mitigates and reports perceptions of suspicious activities of money launderers under the discipline of the regulator to avoid being sanction for the related offences. This paper reviews theory to link practice towards money laundering risk assessment...
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...TASK 1 (PART A) LIT 1 SOLE PROPRIETORSHIP: The owner and the business are considered one. The owner takes all the risk and receives all the profits. It is easy and inexpensive to start up a sole proprietorship however a sole owner has trouble raising capital which could limit growth. • LIABILITY –If the business fails the owner is financially responsible and my lose everything. • INCOME TAXES – The proprietor and the business are taxed together. • LONGEVITY/CONTINUITY – The business dies with the sole proprietor. • CONTROL – There is no boss the owner has total control over the operations. • PROFIT RETENTION – All of the profits are considered personal income of the sole proprietor. • LOCATION – The owner can move or expand the business as they see fit they are easy to set up and work in any setting appropriate for the business. Most sole proprietorships are home based or have small offices and storefronts. GENERAL PARTNERSHIP: is a business owned by two or more owners. In General partnerships each partner is fully active in the firm giving input in management and each partner is fully liable for the debts of the business. • LIABILITY – Each partner assumes unlimited liability for the debts of the business and can be held totally responsible for debts and malpractice committed by any of the partners. • INCOME TAXES – A partnership is a pass-through entity, not a separate taxable entity, and no federal income tax is imposed on the business itself. Each partner...
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...LIT 1 Part A SOLE PROPRIETORSHIP: Sole proprietorship is the easiest, fast and most common type of business structure to start. It is business that does not have a difference from the owner and the business. Responsible for all your business’s debts, losses and liabilities can even come after personal property. • LIABILITY: Owner has unlimited liabilities because there is no difference between the owner and the business. • INCOME TAXES: The taxes are taxed just like any other form of income. • LONGEVITY/CONTINUITY: There is no partnership and when owner dies the business die since they are one in the same. However the assets can be sold. • CONTROL: The owner makes all decisions, there is no partnership therefore no one else to have input. • PROFIT RETENTION: The owner is free to do as they please with all profits. No rules or restrictions. • CONVENIENCE/BURDEN: This is the most convenient business to set up. The only cost is the actual products needed to run the business. Licenses or marketing supplies or tools needed. • LOCATION: They are no rules only to follow the laws according the state/area you are operating out of. Licenses or taxes follow the state laws. GENERAL PARTNERSHIP: General partnership is when people join together on a business and share all unlimited liabilities. Partnership can be done verbally or in a special agreement written out as an article of partnership, which can lay out all the details of the partnership. Like...
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...expenses to the business, reducing profits. Profits are a good thing – they ensure that people have jobs. The smaller the profits, the fewer income tax dollars are paid, which would hurt government programs. • The government takes care of ensuring that businesses do things in an ethical way. No other forms of business ethics are required. Hi everyone, according to my point of view, ethics is important in business but only upto a certain extend. Mostly business aims at profit and so there will be stiff competition. One who strictly follows ethics may not be able to survive in the market as the tough competitors would always run far ahead of him. Business ethics reduce a company's freedom to maximize its profit. For example, a multinational company may move its manufacturing facility to a developing country to reduce costs. Practices acceptable in that country, such as child labor, poor health and safety, poverty-level wages and coerced employment, will not be tolerated by an ethical company. Improvements in working conditions, such as a living wage and minimum health and safety standard,s reduce the level of cost-savings that the company generates. However, it could be argued that the restrictions on company freedom benefit wider society. The advantage of having international business ethics is that an ethical company is attractive to consumers. It also helps companies operate within most international regulations. The disadvantage of international business ethics is that...
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...Donald Beauchesne Business Law Final Convenience Store I plan to open a convenience store, with gas station, when I finish with college. I have many years of experience managing and running a supermarket as well as a convenience store. I find a convenience store, as opposed to a supermarket, to be more of a personal business relationship with the customers. In time, you get to know the customers on a first name basis and this makes for a better consumer experience for the shopper as well as for me. A supermarket is too big and has too many functions and I found it hard to get to know the customers on a more personal level. This is something that I look for when being in a position of management. I plan to offer gas, lottery tickets, alchohol, food, and other everyday necessities at the store. In the town that I live in, there are no convenience stores or gas stations. To get gas, you must travel at least 20 minutes. I would like to offer this service in a town that desperately needs it. With all of these consumer expectations, come laws that will have be adhered to and licenses that must be purchased to be able to offer these goods. The first set of laws that I would have to be aware of and follow would deal with me employees. Knowing and following these laws will be in my best interest, and make a fair and safe environment to work in. The Equal Pay Act of 1963 states that I must pay women the same amount I would pay a man (www.shrm.org). Since the job requirements...
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...LIT 1 Task 1 Part A: Business owners face a lot of challenges. In order to conduct their operations effectively businesses must be organized. The complex world of business is filled with the pressures of running a business, profit margins, decision-making, liability, Income tax, longevity, government regulations, control, expansion and future of the business and countless other things. In the United States businesses can be organized into one of three basic legal forms. * Sole proprietorship's * Partnerships * Corporations These are further sub divided into different forms. Each form have certain characteristics that set them apart and they also have some advantages and disadvantages. Let’s closely look at all three forms and analyze why one legal form would be selected over the other for a small business. 1. Sole Proprietorship: These are the most simplest and common way of doing business in the United States. A sole proprietorship is an unincorporated business owned by one person. A sole proprietor may run the business himself/herself or may hire others to run it for them but the ultimate decision is that of the sole proprietor. In such type of business form there is no difference between the owner and the business. Some important Characteristics of sole proprietorship's are as follows: * Liability: Sole proprietors suffer from unlimited liability. Since there is no difference between the owner and the business, the owner is liable for all debts and...
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...LIT Task 310.1.2-01-06 Part A 1. Sole Proprietorship – the simplest form business. The business is owned and operated by one person and there is no legal distinction between the business and its owner. The owner of a sole proprietorship assumes all responsibilities, liabilities and profit of the business. • Liability- One major disadvantage of a sole proprietorship is the liability. As a sole proprietorship both the owner and business are one and the same and therefore both are subject to any unpaid debt. If the business has debt that is unpaid then the owner has the same unpaid debt and creditors could go after the individual. The same for if the owner has debts separate from the business the creditors could go after the business. As a sole proprietorship business, liability insurance could be purchased to help abate the liablity. • Income Taxes- As a sole proprietorship business, there is no double taxation as associated with a C-corporation. A sole proprietorship business deducts business expenses on a Schedule C of their personal Taxes. A disadvantage of a sole proprietorship is you will be taxed on total profits of the business and be subject to self-employment tax. • Longevity/Continuity- The longevity of a sole proprietorship business is the life span of its owner. If the owner dies without selling or passing the business on to a relative the business no longer exists. • Control- An advantage of the sole proprietorship is that the...
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...Ethical Treatment of Participants Business 600 March 11, 2016 Abstract This paper examines the ethical treatment of participants in business research which includes the researcher, the decision maker, and the participant. Each has an obligation to the research study and by exhibiting ethical behavior, the data results will determine accurate information that the decision maker can use for their company. If there is a presence of unethical behavior like lying, deception, coercion, not fully being educated or aware of the study details, it can result in the damaging consequences for not only the participants, but it can also affect the shareholders of the company, the customers buying the product, and even the employees of the store that sells the product. This paper will go into detail of the many obligations each participant has to themselves as well as others. We cannot allow some people to be left at the back of the human rights bus… We must ensure the rights of individual groups or people –be they indigenous peoples, or peoples of Asian or African or American descent, or Jews or Muslims– are not sacrificed on an altar of progress for some while there are setbacks to others. -Matthew Coon Come, National Chief of The Assembly Of First Nations (Catalyst Centre, 2013). Research can open doors and allow for interests to be pursued, solve a problem that a company has, or it can help enhance a plan that is already in place. Applied research specifically emphasizes...
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... 8 Bibliography and Appendices. 9 Introduction Ayn Rand (1995) a Russian-born writer understood and wrote that "You can avoid reality, but you cannot avoid the consequences of avoiding reality." One reality that Event Managers must understand is there are certain risks when organising and operating an event that event managers are required to consider in order to successfully reduce risks and ensure safety at events. There are a large list of set laws and regulations of which event managers by law need to satisfy when staging an event, Bowdin et.al (2006 :342) teaches that depending on the stature or scales of event the larger the amount of regulations. These set of laws or rules are named Legislations which Worthington & Britton, (2000) state occupy a substantial proportion of current law including those that govern the operations of business such as sporting events. A vast majority of legislations emanates from previous event disasters such as the Bradford city fire. When a event disaster occurs and live are lost in the cases of the Ibrox, Hillsborough, Heysel and Bradford City football disasters inquiries are launched and investigations are conducted, after which recommendations on how safety could have been improved to potentially avoid the same hazards in future events. Within this portfolio you will find information on the Bradford City Fire and how such a disaster such...
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...LIT 1 – Task 1 | SUBDOMAIN 310.1 - BUSINESS LAW | Competency 310.1.2: Organizational Forms | | | | The following report will summarize the key differences between the various forms of legal business entities. The ownership forms covered will include sole proprietorship, general partnership, limited partnership, C-corporation, S-corporation, and Limited Liability Company. Also included will be a brief recommendation of the most appropriate form of ownership for the given manufacturing business. | Section A- For each of the various forms of business ownership, a brief description outlining the basic impact on the following criteria will be given; * Liability * Income Taxes * Longevity or continuity of the organization * Control * Profit Retention * Location * Convenience or burden Sole Proprietorship Perhaps the most common form of business ownership, sole proprietorship, is generally the simplest form of business ownership due to the lack of separation between the entity and the individual. While there are positive and negative implications to any form of business ownership, these are generally more exaggerated in the instance of sole proprietorship. The ease of formation and ownership and limited regulation are strong benefits, however, the negative aspects are far greater than in any other form of ownership. The first negative ramification is the lack of ability to continue the company after the owner either becomes unable or...
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...Maintenance (Lady Dawn Bartolo) Introduction The fifth function of personnel is maintenance that which has been established, that is, an effective workforce with the ability and willingness to perform organizational task. (Junette Bacus) Communicating and counseling One must face the task of maintaining the effective work force that has been assembled. Two features of this workforce that must be maintained (1) attitudes and (2) physical condition. The number of factors affecting the development and maintenance of employee is limitless, but verbal and nonverbal communication process is involved in all stages. In our report we will examine the nature of communication processes, channels and structures through which the flow and means through which blockages and filters can be minimized. Nature & Importance of Communication Communication – the act of inducing others to interpret an idea in the manner intended by the speaker or writer. communist (Latin word) – “common” Managing – getting things done through others, a task which requires the manager to communicate with other people. Channels & Structure Communication Networks 1. Similar to the formal structure of a firm (four persons able to communicate with only a central fifth person – the manager. 2. Representative of the behaviorally free-flow concept (everyone can communicate with each other). 3. Each person can communicate only with his or her two neighbors, somewhat reminiscent of an...
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...Southern Cross University ePublications@SCU Theses 2004 The contribution of business/management education, to small enterprise solvency Peter Ellis Southern Cross University, PeterEllis@YSP.com.au Suggested Citation Ellis, P 2004, 'The contribution of business/management education, to small enterprise solvency', DBA thesis, Southern Cross University, Lismore, NSW. Copyright P Ellis 2004 For further information about this thesis Peter Ellis can be contacted at peterellis@ysp.com.au ePublications@SCU is an electronic repository administered by Southern Cross University Library. Its goal is to capture and preserve the intellectual output of Southern Cross University authors and researchers, and to increase visibility and impact through open access to researchers around the world. For further information please contact epubs@scu.edu.au. Southern Cross University Doctor of Business Administration The contribution of business/management education, to small enterprise solvency Peter Ellis Submitted to Graduate College of Management Southern Cross University, in partial fulfilment of the Degree of Doctor of Business Administration. 2004 Copyright “The contribution of business/management education, to small enterprise solvency.” Copyright © 2004 by Dr Peter Ellis, who reserves all rights and asserts his right under the Copyright, Design and Patents Act 1988, to be identified as the author of this work. No part of this work may be used or reproduced...
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