worth 30 marks (60% of total mark). 1. Explain two factors that should be included in a ‘deed of partnership’. (2 marks) 2. Outline the difference between a public limited company (Plc) and a private limited company (Ltd). (2 marks) 3. Explain two conflicts of interest between the shareholders of a large private limited company (Plc) and top management within the same organisation. (4 marks) 4. Name and briefly explain two of the four factors. (2 marks) 5. Give
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business owned and managed by a single person ADVANTAGES: * ~70% of all businesses, ~ 4% of revenue * Simple, Flexible, Least Expensive * Pays no tax –Owner not separate from entity * Owner gets to keep all of the profits after paying personal income taxes * Salary not deductible as expense (wages to employees are deductible) * Less gov’t regulation * No tax * Ease of dessolution DISADVANTAGES: * unlimited liability, * difficult getting
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Corporate Governance * Corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed. * Corporate governance is the system of principles, policies, procedures, and clearly defined responsibilities and accountabilities used by stakeholders to overcome the conflicts of interest inherent in the corporate form. * Corporate governance is concerned primarily with protecting weak and widely dispersed shareholders against self-interested
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Ownership Structure Types You may operate your business or organization under any one of several organizational structures. Each type of structure has certain advantages and disadvantages that should be considered. The descriptions of the structures below are provided to assist applicants and are not intended to be legal definitions with the force of law. You should contact an attorney, accountant, financial advisor, banker, or other business or legal advisors to determine which form is most
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in their business, allowing them to rapidly grow. If the initial investment turns out to be profitable, the company may offer more stock to the public in order to expand even further. A successful joint-stock company comes with a lot of liabilities that aren’t often found within other business models, such as a Limited Liability Corporation. A Limited Liability Corporation offers protections to its investors. In an LLC, the individual is only liable for what they have invested. If an LLC is
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Diversity & Equality of services professional discussion Task one – Human Rights – United Nations Declaration of Human Rights On 10thDecember 1948, the United Nations Declaration of Human Rights were introduced, this Declaration include 30 rights and articles. These were introduced after world war two after lives and homes lost by millions, leaders of the world came together an a new organisation was set up it was named the United Nations, this was set up to stop wars and build a better
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leader in the Republic of Ireland. Tesco is a private company limited by shares. This means that the company has shareholders. There are many advantages and disadvantages to a private limited company. Advantages: * Limited Liability If company has financial issues, the shareholders are not personally liable for anything, i.e. they do not have to sell any personal assets. * Finance is easier to generate. * A private limited company has strong and structured procedure to resolve any disputes
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THE PROMOTIONAL MIX A company’s total promotion mix also called its marketing communications mix; consists of the specific blend of advertising, public relations, personal selling, sales promotion, and direct marketing tools that the company uses to persuasively communicate customer value and build customer relationships. THE FIVE MAJOR PROMOTION TOOLS The Nature of each Promotion Tool ADVERTISING Each promotion tool has unique characteristics and costs. Marketers must understand
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International Court of Justice also known as the World Court. There are three main legal principles recognized in international law, which are not required, but are based on courtesy and respect: - Principle of Comity – this is when two nations share common public policy ideas, one of them submits to the laws and judicial decrees of the other. - Act of State Doctrine - respects that a nation is sovereign in its own territory and the judicial bodies of another country may not question its official domestic
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PART I: THE NATURE AND SCOPE OF PUBLIC ADMINISTRATION CHAPTER 1: THE MEANING OF PUBLIC ADMINISTRATION People form organization to accomplish goals which they cannot achieve individually. One such organization is the government. The people’s involvement with government becomes inescapable since its establishment. It has assumed not only coordination but also the control function or their society. What is Public Administration? * It is “government in action.” * It is “concerned with action
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