Assignment #2 – Family Related Issues Kenya Williams Dr. Mark Davis LEG 500 – Law, Ethics, and Corporate Governance July 31, 2011 Explain if it matters that a parent literally had nothing to do with a biological child in order for the child to take advantage of the Family and Medical Leave Act (FMLA) to care for that parent. It does not matter if a parent had anything to do with a biological child in order for the child to take care of his or her parent and take advantage of FMLA because
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agent can affect their liability to any claims and the two main categories of agent: General agent: a general agent is an agent authorized by the principal to conduct a series of transactions involving continuity of service, like a manager of a business. A general agent does not require fresh authorization for each transaction. Special agent: a special agent is an agent who is authorized to conduct a single transaction or a series of transactions not involving continuity of service. In other words
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Employee A was allowed to return to his previous position at his previous pay rate. Company X clearly stayed within the law in their assessment of this given situation. The employee was granted the leave requested, and was allowed to return to his previous position at his previous rate of pay. As for the employee not receiving the 11 weeks of withheld salary, the law states
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Proprietorship: A business structure in which an individual and his or her company are considered a single entity for tax and liability purposes. There is no legal distinction between the owner and the business itself. ·Liability - Seeing as there is there is no difference between a company and the owner with a sole proprietorship, the proprietor has unlimited liability, meaning the owner of the business is personally responsible for all debts, contracts, and obligations the business has. Unlimited
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COMPENSATION MANAGEMENT Compensation is a key factor in attracting and keeping the best employees and ensuring that organization has the competitive edge in an increasingly competitive world. The Compensation Management component enables one to differentiate between one’s remuneration strategies and those of his competitors while still allowing flexibility, control and cost effectiveness. It provides a toolset for strategic remuneration planning that reflects organization culture and pay strategies
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Resource: Ch. 2 of Introduction to Business Write a 200- to 300-word description of a business scenario, either real or fictional, that depicts each of the following forms of business organization: • Joint-stock company • Limited liability company • Partnership • Sole proprietorship A joint-stock company is a business that is owned by shareholders. Every individual that owns a share is partial owner. Shareholders are also allowed to transfer their portion or share of the company whenever
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Small Business Idea In an attempt to boost the economy, the government announced plans to release funding to individuals for use in starting up small businesses. Starting a new business requires an understanding of the advantages and disadvantages associated with the different forms of business which include sole proprietorship, partnership, C-corporation, and S-corporation. Although here are many benefits to each form of business, there are also consequences ranging from tax implications, legal
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Running head: LEGAL FORMS OF BUSINESS Abstract Entrepreneurship is one of the cornerstones of the American way of doing business. Many businesses are organized each day. Business owners are fortunate that there is a form of business for just about every entrepreneurial need. Legal Forms of Business The various forms of business organization are established by state law. Therefore, businesses are formed according to rules in the state in which they are organized. An entrepreneur is the
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John Wick BUS/211 Profit and Supply and Demand 16 July, 14 Consider a local business whose services you frequently use. What are the main components of this company’s business model? One of the local businesses that I often frequent is Giant Eagle. Giant Eagle has a complex business system that would require a lot of management working together to ensure that the operation works successfully. Giant Eagle is a joint-stock company. In the recent years, they’ve even expanded into the Gasoline
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Assignment Jerri Jordan BUS311: Business Law I (BBL1544A) Instructor: Jennifer Stephens 11/16/2015 2 Managing a company comes with great responsibility. Sometimes different changes will have to be made by the manager to better the company. Law relevant to the situation should be a major part of company changes. Not following these laws could negatively impact the company. Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code
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