joint venture between companies. Other companies use view VIE’s as trust agreements. However, companies create VIE to engage in limited business activities. The activities could include the purchase of new assets. In this case, many companies use the assets as collaterals. Therefore, the assets are financed at lower interest rates. VIE is based on a contractual agreements. The terms and conditions of the contract determine which firm or investor gains control of the VIE. In most instances, the sponsoring
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in the Wall Street Journal, Dion Nissenbaum delivers a thorough explanation of the constant disloyalty caused by an Afghanistan trucking company. Nissenbaum exhibits the relationship between John Sopko; Special Inspector General for Afghanistan’s Reconstruction, and Hikmatullah Shadman; an Afghan contractor in the trucking business, who is currently the prime suspect in defrauding the United States of $77 million. John Sopko accused Hikmatullah Shadman of setting up counterfeit contracts and giving
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social and managerial process by which individuals and group obtain what they want through creating and exchanging products and value with each others. or the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return. Old, “telling and selling”. Now, satisfying customer needs. Selling happens after product is produced, marketing starts much earlier and helps determining whether a profitable opportunity
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Elements of a Contract By Michael A. Petrat Business Law 206 Most people in our society are involved in contractual agreements of some kind. In most, if not all, aspects of law contracts can be found. Contracts are involved in family law, corporate law, employment law, litigation and real estate. Elements of a Contract: A contract is an agreement reached after sufficient consideration to do, or refrain from doing, some legal action. A contract is considered valid when two or more parties
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Social Media James H. Allen Professor Sergio Gregorio Business Law 100 9 March, 2014 As the prevalence of social media continues to rise consumers are recognizing ways in which social media can direct them to better sources of purchasing. As a result, business are now jumping on the social media bandwagon at a higher than ever pace, embracing social networks to achieve their marketing and business goals. So what are the components of legally astute media marketing managers who
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This section discussed the previous reviews of literatures related to the topic. The focus of this study is to test whether the market-perceived audit quality captures actual audit quality. It also investigates the relationships among actual audit quality measured by a post hoc identification of auditor failures and earnings management as well as financial analysts’ forecast errors. Prior literature in audit quality, earnings management and financial analysts’ forecast errors are reviewed in this
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HIGHER NATIONAL DIPLOMA/CERTIFICATE IN BUSINESS AND MANAGEMENT Module: Law for Business The assignment covers the following learning outcomes: Outcome 1: Discuss the principles of law relating to the formation and discharge of commercial and consumer contracts * Identify the requirements for a valid contract * Explain the difference between an offer and an invitation to treat Outcome 2: Explain the significance of specialist terms contained in a specimen contract
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Bank of America Name Professor’s Name Institution Date How administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the economy. Securities and Exchange Commission ha s the role of looking after United States investors against possible loss of profits. This is by keeping a reasonable and organized practice
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User | Telekia Nicole Hamilton | Course | Intro To Business | Test | Quiz 3 | Started | 6/11/13 5:46 PM | Submitted | 6/11/13 6:22 PM | Status | Completed | Attempt Score | 90 out of 100 points | Time Elapsed | 35 minutes out of 2 hours. | Instructions | This quiz consist of 20 multiple choice questions. The first 10 questions cover the material in Chapter 5. The second 10 questions cover the material in Chapter 6. Be sure you are in the correct Chapter when you take the quiz. |
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Contracts Agreements between two entities, creating an enforceable obligation to do, or to refrain from doing, a particular thing. Nature and Contractual Obligation The purpose of a contract is to establish the agreement that the parties have made and to fix their rights and duties in accordance with that agreement. The courts must enforce a valid contract as it is made, unless there are grounds that bar its enforcement. Statutes prescribe and restrict the terms of a contract where the general
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