Sole proprietorship: If I were to open a business on my own I would be the sole one responsible for all the cost and the reliability of the business. No one else would have the responsibility of the business other than myself, this is something that I want to do in the near future and that is what I am going to school for business for. Partnership: If a person or group of people wanted to go in on a business with me than we would be partners in the business. We would pool together and establish
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Corporate Social Responsibility? I. Why the prime responsibility of a company is to its shareholders? “A shareholder or stockholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself.” (Shareholders, n.d.) Shareholders spend their money for businesses. Managers are employed by company’s owners, they are agents for the equity shareholders therefore
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Social, and Economic Environments of Business When a person decides to start up a business of any kind, they have to decide what type of business it is going to be. There are three major types of businesses; sold proprietorship, partnership and corporation (Griffin 2005). Before deciding which the best one for the business is, the owner needs to know what each one is and how it operates. A sole proprietorship is a business that is owned and operated by only one person. Anyone can open up a business
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An Empirical Analysis of Corporate Survival and Growth: Evidence from Efficient Working Capital Management • A lot of corporate organizations could not live to achieve their objectives due to inefficiency in the management of its working capital. Every organization, both private and public needs sufficient working capital to enable it meet up with its daily basic financial obligations. • The objectives of this research work are: to examine efficient working capital management as a prerequisite
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starting a business, he or she needs to decide what form of business would fit his or her needs the best. The types of business that are commonly used today are sole proprietorship, partnership, limited liability partnership, limited liability, S Corporation, franchise, and corporate. This paper will discuss each form of business and justify why the corresponding business form is preferred. Sole Proprietorship A designer opens a small store to sell their jewelry and art work. The designer
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Introduction A rational control and payments between managers and the owners of firms always takes a crucial role in the corporate governance. The owners control, supervise and motivate managers or agents over the firms’ performance and payment. For managers or agents, in order to achieve more rewards, have to take great effort to run the firms. The firms have a valid system by means of this way. On the contrary, if the owners of the firms only concentrate on the profit and the managers or agents
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| Runaway expenses derail SMRT's 1st-half earningsStraits Times, 29 October 2011, 604 words, Christopher Tan, Senior Correspondent, (English)18% earnings fall as expenses outpace 7.1% revenue boost RAIL and rental group SMRT Corp posted an 18 per cent fall in net earnings to $68.9 million for the six months ended Sept 30, as expenses outpaced revenue growth. | SMRT fined $200,000 for security breach Straits Times, 19 October 2011, 703 words, Royston Sim, (English) THE Land Transport Authority
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Abstract In the following paper discussed are issues foreign host could be exposed to, cultural barriers and the importance of diversity and its issues. Political and economic factors play significant roles during global expansions therefore, those issues will be brought to light as well as how Germany and Japan are similar to the United States in the business arena. Global Operations Management Introduction Manufacturing companies are very familiar with the path to globalization. Years
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Introduction The statement of the question is sometimes true but not always. Definitely, Transnational corporations(TNCs) have brought in both problems and benefits to the local communities, as TNC requires resources and communities need economy developments. However, I would not agree that they had always brought in more problems than benefits to the local communities in which they invest. TNCs were involved in local communities development for long history, they had made huge contribution
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Case Report - The Heraeus Group Company key assets analysis The most important overriding issue currently facing the Heraeus company is the question of succession and a lack of a formal corporate governance framework to address future ownership and management issues. The Heraeus company is one of Germany’s oldest and most successful family-owned companies. Dr. Jurgen Heraeus is the head of the family and has the most control and involvement in the company. He has just turned 70 and is contemplating
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