business. It is an independent business maintained and run by one individual with no distinction between the business and you, the proprietor. Benefits of a sole proprietorship it’s easy and economical to method, cost are minimal, with legal cost limited to obtaining the necessary license or permits. Weaknesses of a sole proprietorship are unlimited personal liability, hard to advance currency because you can’t sell stock in the business. Banks are also hesitant to lend to a sole proprietorship because
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will discuss two positive and negative effects of rural-urban migration to the growth and development of Myanmar country. Firstly,it's about the positive effect of rural-urban migration.Finding jobs is the one of the advantage of the effect.Being a big city there must be a lot of companies,banks and malls.That's why people have a lot of work opportunities and a better salary can be earn.For example,in rural areas people can only earn a small amount of money and
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organizations grow their option to become a publicly traded or public firm is explored. A publicly traded company is one that offers securities in the form of stocks or bonds for sale to the public. It is done through a stock exchange or in an over the counter market. Before a company decides to go public it is known as a private company. The decision to go public is a huge decision that can be taken by any private company. In order to become public however there are criteria to be met and steps to be
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The Dabbawala System: On-Time Delivery, Every Time Case Analysis Executive Summary Describes the Mumbai-based Dabbawala organization, which achieves very high service performance (6 Sigma equivalent or better) with a low-cost and very simple operating system. The case explores all aspects of their system (mission, information management, material flows, human resource system, processes, etc.) and the challenges that the Dabbawala organization faces in a rapidly changing environment. An outside
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license that provided by ASIC, it is intended to ensure the financial services business fulfill their obligation according to the standards and meet the public prospect. Then this will help ASIC to take any action to protect the investors from engaging any misconduct that possibly occurs. 2. Investigate any
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Assessment 1 FNSACC604A Monitor Corporate Governance Activities Question 1 The constitutional basis for the Corporations Act 2001 (Cth) is the provided for the Section 3 itself and also the purpose to make provision in relation to corporations and financial products and services. There are 4 operations of the Act actually based on, first of all in Australia, the operation of the Act in the referring States is based on the legislative powers that the Commonwealth Parliament has under section
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Issues for Business Organizations Sole Proprietorship The sole proprietorship is the most common form of business and has been around for many years. It is the simplest form of business because it is owned and operated by an individual. Some advantages to choosing a sole proprietorship would be minimal state and federal regulations, which make it easy to control and manage. Another is the cost to start a Sole Proprietorship is minimal. It is a good form of business for someone who is starting
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b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. Sole Proprietorship: Sole owner of a business. The manager and the owner is the same person. The sole proprietorship has unlimited liability. You pay taxes as owner and for the business ones. The advantage is the ease with which it can be establish and the lack of regulation s
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MAIN ADVANTAGES AND DISADVANTAGES OF THE SARBANES-OXLEY ACT (SOX) OF 2002 When the US Congress hurriedly passed the Sarbanes-Oxley Act of 2002, it had in mind combating fraud, improving the reliability of financial reporting, and restoring investor confidence. Perhaps SOX's most burdensome element was Section 404, which says that it is management's responsibility to maintain a sound internal control structure for financial reporting and to assess its effectiveness; and that it is the auditors'
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aCHAPTER 1 BUSINESS ORGANISATIONS At the end of this Module the student shall be able to: Understand the various types of business organisations that can be established. Appreciate the advantages and disadvantages of each type of business Introduction A business activity is any legal activity that may be owned by one person as a sole proprietor or can be owned jointly by two or more people thereby creating a partnership. The main aim of many business operations is to make a profit either in the
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