Business Organization George Amaro BUS 311: Business Law I David MacKusick July 11, 2016 Business Organization When the decision is made to start a business the next step is to decide on the type of business entity is to become. This decision is an extremely important one and can have lasting repercussions if all of the details of each business type are not known. Deciding on what type of business entity to have one will have to look at the different types of business structures and then
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employers want to make sure that their business assets are not being violated at any time by anyone. Employers have the right to protect their business success, their finances, their buildings, and all of their equipment. There should be no expectations of privacy at any workplace by an employee. New technology has made it possible for employers to monitor phone calls, emails, and any other information that is being used for the particular company to conduct business. Many companies make all employees
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I. Type of business according to ownership in the field of business ownership, we chose the partnership, two or more people share ownership of a single business. Contracts got binded between two partners to place their capital, labor, and skills with the understanding that there will be a sharing of the profits and losses among partners. Like proprietorships, the law does not distinguish between the business and its owners. The partners should have a legal agreement that sets forth how decisions
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officer if you had a problem with your partner who would you tell. Police officers have a brotherhood that allows them to spare each other. Officers also have human resource agents that work from within their organization to remove those who are not fit. The newspaper is the voice of the people and will allows the civilians that officers swore to protect to decide. Making choices as a police officer can be difficult and as an officer if you had a problem with your partner who would you tell. Within
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The Federal Trade Commission is in place to help to prevent business practices that are anticompetitive or deceptive or unfair to consumer. The 2 main goals of the Federal Trade Commission are Protect Consumers: Prevent fraud, deception, and unfair business practices in the marketplace and maintain competition, prevent anticompetitive mergers and other anticompetitive business practices in the marketplace. When companies merge or one buys another, the Federal Trade Commission always takes a look
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& Demand Fill in the matrix below and describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price. Use the graphs from your book and the Tomlinson video tutorials as a tool to help you answer questions about the changes in price and quantity |Event |Market affected by event |Shift in supply, demand, or both. |Change in equilibrium | |
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extent do you believe marketing practices to be unethical and how might unethical practices in marketing be restricted? Marketing ethics are moral principles and values that guide behaviour within the field of marketing, and cover issues such as product safety, truthfulness and marketing communications honesty, pricing issues, impact of marketing to environment and society. Might be restricted by law (EU, national, voluntary bodies set up by industries) and also by customers. They can decide not to
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Obamacare is the new health care law that Americans are finding out about and dealing with now. Trying to find out what the new law is going to mean for everyone and what is going to happen with your insurance or whether you have it or not. Finding the some of the ins and outs of the new law and how it will affect you. Obamacare or the Affordable Care Act, which is it? Actually it is both, the Affordable Care Act is nicknamed Obamacare, which is a controversial law Congress passed and President
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MW 10:15 Business law Business Formation Assignment (ch. 19&20) Sole Proprietorship What legal liability and protection comes with this form of ownership? In a sole proprietorship the owner of the business has full liability for anything that happens within the business. The business isn’t its own entity therefore it all falls on the sole owner. Any issues, liabilities or losses that incur within the business are the owner’s responsibility. How is this type of business formation
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* Chapter 10: Problems 2, 6, and 10 Use the Internet or the Strayer Library to research the economic costs involved in conducting a break-even analysis for a good or service of your choice. Be prepared to discuss. Break-even exists when a business makes neither a profit nor a loss. This occurs at the level of output where total costs equal total revenue, i.e. TC = TR. Some firms have to consider Actual cost, opportunity cost, explicit cost, implicit cost, Use the Internet or the Strayer
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