Proprietorship. An individual proprietor owns and manages the business and is responsible for all business transactions. The business is normally financed by the owner – the owner bears all the financial risk. | It can also be less costly to start a business as a sole proprietor, which is attractive to many new business owners who often find it difficult to attract investors. | | Let’s look at the advantages and disadvantages of a Sole Proprietorship | | Advantages | | Disadvantages | |
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Copyright ©2011 by University of Phoenix. All rights reserved. Course Description This course prepares students to address the concepts of personnel development as managers. Students learn criteria for developing effective job analysis, appraisal systems, and appropriate career development plans for employees. Other topics include personnel selection, employee compensation, benefits, training, workplace diversity, discipline, employee rights, unions, and management behaviors. Policies
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Introduction Minimum wage refers to the lowest hourly, daily or monthly wage an employee is legally entitled to when working. Minimum wage is in effect in a range of different jurisdictions with differences in the views on the advantages and disadvantages being disputed by people. Supporters claim minimum wage increases the standard of living for workers whilst reducing poverty. Opposite views are that if it is high enough to be effective then it increases unemployment, particularly among workers
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networks is vital to any organization. In order to do this many considerations on how a company can accomplish this is by several methods of communications. It is important to know the communication model, how data moves through a system, advantages and disadvantages of circuit and packet switches. Considerations for performance, speed and throughput potential. The reliability and predictability of end-to-end transmission. The importance of the major protocols for circuit switching and packet switching
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Recently, Activity-based costing (ABC) is defined as a methodology that measures the cost and performance of activities, resources, and cost objects. Specifically, resources are assigned to activities, then activities are assigned to cost objects based on their use. ABC recognizes the causal relationships of cost drivers to activities (Institute of Management Accountants, 1998). In other words, the objective of activity-based costing is to understand the causes of overhead costs and to identify the
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| | |Business Information Systems | Copyright © 2009, 2008 by University of Phoenix. All rights reserved. Course Description This course provides an overview of Business Information Systems. This includes a broad foundation for both technical and nontechnical business professionals. Special emphasis is placed on how information is used
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2.1 – Human Resource Planning * Human resource or workforce planning: analyzing and forecasting the number of workers and the skills of those workers that will be required by the organization to achieve its objectives 2.1.1 – Identify the constraints and opportunities provided by demographic change. 2.1.2 – Discuss the significance of changes in labour mobility, both domestic and international. * Separated into occupational mobility of labour (based on workers’ willingness to take jobs
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STYLES AND LEADERSHIP CHARACTERISTICS MANAGEMENT VERSUS LEADERSHIP “Management is doing things right; leadership is doing the right things”. Peter F. Drucker Accordingly of this definition, leadership and management are not the same, but they are complimentary and have to go hand in hand.. Their separation could cause more problems than it solves. In the mean time
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Topic 1: Analysing the external environment Strategy – direction and scope of an organisation over a long term, which achieves the advantage of changing environment through its configuration of resources and competencies with the aim of fulfilling stakeholder expectations. Direction – Mission, vision, and course Scope – broad or narrow strategy Long term – 5-10years Environment – General environment & industry environment Resources – tangible and intangible Capabilities – capacity
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respond to an email from John Owner who is seeking advice on his options regarding all the possible types of business entities that there are for him to choose from to form his new business. In addition, Mr. Owner would like to know the advantages and disadvantages of each entity and the tax consequences connected with each entity. The business structures that will be discussed with Mr. Owner will include sole proprietorship, partnerships which include general partnerships and limited liability
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