PRIVATE AND PUBLIC COMPANIES A company is any entity engaging in business, such as a proprietorship, partnership, or corporation. A company is a private company if by its Regulations, it fulfills the following conditions: • Where it is a company registered with shares, there is a restriction of the right to transfer shares • The total number of members and debenture holders do not exceed 50. This number excludes genuine employees and ex-employees of the company who became members or debenture
Words: 960 - Pages: 4
Question 1 e). Describe some characteristic of good moral reasoning. Moral can be defined as a process thinking with objective to determining an idea is right and good. Good or right should involve pleasure, happiness and excellent and also lead to harmony and creativity. According to the American psychologist, Lawrence Kohlberg, people develop through three levels of moral reasoning as needed by situations they encounter. The lowest level of development involves making decisions of morality based
Words: 5535 - Pages: 23
trader business. Decisions can be made quickly and close contact can be kept with customers and employees. All profits go to the sole trade. But there are disadvantages. As a sole trader you have to make all the decisions yourself, and you may have to work long hours (what do you do if you are ill or want a holiday?) You do not have limited liability, and you have to provide all the finance yourself. As a sole trader you need to be a jack-of-all-trades, and just because you are a good
Words: 1740 - Pages: 7
There are several approaches that may be used to develop the budget. Managers typically prefer an approach known as participative budgeting. Discuss this form of budgeting and identify its advantages and disadvantages. Ans. Also called bottom-up budgeting or self-imposed budgets, where the initial flow of budget data moves from lower levels of responsibility to higher levels of responsibility. Each person with responsibility for cost control will prepare his or her own budget estimates
Words: 1198 - Pages: 5
Coca-Cola Company Case Study GB 518 Financial Accounting Principles and Analysis Kaplan University SUMMARY Accounting is an important aspect of business because it is the foundation that offers support to management for planning, and controlling activities as well as decisions. When an organization is doing business they need a way to keep score of operational financial activities. The purpose of my research paper is to discuss the details of my interview with an accountant at Coca-Cola Company
Words: 1791 - Pages: 8
| | | 1-2: | | | | | | 1. Proprietorship- which is an unincorporated business owned by one individual. | Advantages: | | A. it is easily and inexpensively formed | B. It is subject to few government regulations. | C. its income is not subject to corporate taxation but is taxed as part of the proprietor's personal income. | Disadvantages: | | A. it may be difficult for a proprietorship to obtain the capital needed for growth. | B. the proprietor has unlimited personal
Words: 1558 - Pages: 7
Social Media Marketing has become exceedingly popular among businesses of all sizes. I will then analyze the advantages and disadvantages of Social Media Marketing for business entrepreneurs. I will assess how Social Media Marketing is helping Pepsi gain more customer insight than it would have otherwise. I will research two other businesses that have used Social Media Marketing to their advantage and will discuss how each of these businesses has utilized Social Media Marketing and provide examples with
Words: 2220 - Pages: 9
the business and are not shared. LOCATION: A sole proprietor is not limited to where it can operate within the United States. Only localized codes and regulations can affect where the business can be located. CONVENIENCE/BURDEN: Sole Proprietorships can be easily established. The burden lies in the legal and financial responsibilities fall solely upon the owner. It can be difficult to obtain financing and limited tax advantages.______________________________________________________________________
Words: 4222 - Pages: 17
rewards and deficiencies, as well as try to differentiate the IFRS standards from the US GAAP standards. Table of Contents Abstract 2 Table of Contents 3 Introduction 4 2.0 Advantages of adapting IFRS 5 2.1 Better Comparison 5 2.2 Flexibility 6 3.0 Disadvantages of adapting IFRS 6 3.1 Global Unacceptability 6 3.2 Manipulative 7 3.3 Cost 7 3.4 Increased Taxes 7 4.0 Conclusion 8 References 10 Introduction Subsequent to the collapse
Words: 1779 - Pages: 8
30 available questions with topic of data warehouse. The research result showed that before the student use mobile technology, their performance was not as expected. This pre-test result will then be compared with their exam score after taking advantage of the mobile learning application program which is still not published to date. The study reveals that the education system until now is mostly done by traditional face-to-face between students and educators with a shift in learning paradigm
Words: 1329 - Pages: 6
