The Gross National Product (GNP) is commonly used as a measure of the performance of the economy. Discuss the advantages and disadvantages of using it to measure the economy of Kenya The Gross National Product (GNP) is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens including income of those located abroad. It does not include income of non-residents located in that country. Therefore, GNP measures the value
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There are many advantages as well as disadvantages of converting to a gold standard medium of exchange. It is described in Sean Williams' article "Would Donald Trump Really Put America Back on the Gold Standard?" One beneficial aspect of a precious metal backed monetary system would be that changing to another monetary system could result in the destabilization of economy (Williams 1-2). Williams concludes by describing why a gold standard would be disadvantageous. Williams has written many articles
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LBG’s Mission Statement: ‘to become the UK’s most recommended bank’. There are many factors that can have an impact on these both in a positive and negative way. These factors can be both internal and external. Many of these spirals from the alignment of the Banks following the acquisition of HBOS by Lloyds in 2008, 5 years on this has still having an impact. Internal Factors: Following the on-going restructure to align the two banks employees are still worrying about job security, remuneration
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up the company has sole responsibility for the company's debts. There are more than 25 million business firms in the U.S. today. Of these, more than 19 million are small businesses owned by one person. This form of business has several advantages. Advantages of Sole Proprietorship are a Quicker Tax Preparation, as a sole proprietor, filing your taxes is generally easier than a corporation. Simply file an individual income tax return including your business losses and profits. Your individual
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with our bank that our customers will be able to send their payments too. The bank has a machine that will open, sort and process the checks. Once the day’s checks are processed, the bank will create a file and send it to us. The Information Technology will load the file into our Oracle system and once the nightly processes run, the file will post automatically into our billing system. In my initial research of the benefits of switching to a lockbox, I have found many advantages. Switching
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return, which means they must include the business' income on their income tax returns. Each partner can also deduct losses from the business on his or her own individual tax return. This pass-through tax treatment is one of the most beneficial advantages of forming a partnership. With pass-through tax treatment, filing is relatively easy. There is no taxation to the business itself; all income, deductions, and credits, "pass through" to the individual partners and are reported on their individual
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Report based on case study “ A successful business development”. Contents: 1. Types of business entity 2.1. Explanation of each entity 2.2. Advantages and disadvantages of each type of entity 2.3. Objectives of each entity 2. Stakeholders 3.4. Definition of stakeholder 3.5. List of stakeholders of each entity 3.6. Interest of each stakeholders 3. Organizational structure 4.7. Comparison of two structures presented in the case study
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the advantage of this business is that the owner has a full control of his business and all the profit are for him self. The desadvantage relied on unlimited liability. Partnership is a business owned by two people or more. The advantage is about shared decision and the desadvantage is that the profit also is shared. Limited business is a business run by directors and the advantage is shareholders has limited liability and whenever the owner dies the busines will exist. The disadvantage is that
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the advantages and disadvantages of each form. The organizational forms a company might have as it evolves from a start-up to a major corporation are: sole proprietorships, partnerships and corporations. The advantages of a sole proprietorship are that is is easily and inexpensively formed; is subject to few government regulations and it’s income is not subject to corporate taxation (but is taxed as part of the proprietor’s personal income). A partnership has many many of the same advantages and
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business plans b) What did he learn as the process progressed? - Disadvantages of buying a publically traded company; legal & accounting fees are higher & sunk cost. - Disadvantages of buying small business – that often have undervalued inventory; sellers like to sell the stock as well – buyer gets stuck with liabilities. - He could not compromise his integrity & cannot enter a business deal no matter the seemingly “advantages” of playing with numbers (i.e. exaggerating net worth etc), it’s dishonest
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