1) What is accounting? Option 1- Accounting is the process of identifying, measuring and communicating the economic information of an organization to its users who need the information for decision making. Option 2- Accounting is a process of knowing whether the business is on sound track. Option 3 – It enables to prepare a list of customers and suppliers to ascertain the amount to be received or paid. Option 4 – Accounting is compulsory in case of registered firm. Explanation: Ans-
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Legal, Social, and Economic Environments of Business Tracy A. Cook American Intercontinental University Introducing a New Product The business environment consists of three ownership types. Sole proprietorship, partnerships (General and Limited), and corporations. Each will be discussed and defined. Each has its advantages and disadvantages. Both will be discussed. Introducing new products requires research, financing and learning the laws of business. I will also
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of our business and social culture today. That is, people have come to accept the notion that if they have followed the law on the books in a democratic society, that is probably all that society can and should expect of them. This is the ethic of legal positivism. The remainder of this article is devoted to exploring why positive law has assumed such a dominant ethical position in the United States, examining some situations supporting the thesis that positive law is our basic ethic, discussing possible
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Riordan Manufacturing is the industry leader in the field of plastic injection molding. With more than $1 billion in revenues and annual earnings of approximately $46 million it is imperative that Riordan Manufacturing have a compliance plan in place. Legal Liability of Officers and Directors Officers and directors of Riordan Manufacturing have a duty to exercise due diligence in overseeing the activities of the organization that they serve. Following the policies and procedures implemented in the formation
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forms Legal Forms of Business Paper Yaciel Toledo Law/531 June 3rd, 2011 University of Phoenix Legal Forms of Business Paper Selecting the best form of operating a business depends on the type of business the owner wants to run. The owners have to pick the structure that best meets their needs. “The selection depends on many factors, including the ease and cost of formation, the capital requirements of the business, the flexibility of management decisions, government restrictions
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company The Legal & Ethical Environment of Business BUS 252-003 Winston Spencer Waters Submitted 11/21/2013 By Maria Andersen The intention with this paper is to examine and explore the three main types of business structures; sole proprietor, corporation, and partnership. During this paper, we will take a deeper look into each of these structures, discuss the advantages and disadvantages, and finally determine which is more beneficial to use for a startup company. The process of starting
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Reflection Paper-Week 2-IRAC Brief LAW/531 June 9, 2015 Reflection Paper-Week 2-IRAC Brief The IRAC (issue, rule, analysis, conclusion) is a structured legal analysis process used in problem-solving. Team C will use the IRAC method to present a case heard in the Oregon Supreme Court, Antonio Cortez v. NACCO Material Handling Group, Inc and Swanson Group, Inc. This case is currently pending in the Oregon Supreme Court. Facts
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will open up some opportunities for businesses by releasing some funds. This week’s assignment is to discuss the forms of business organizations. Also, the intent of this paper is to discuss the accounting structure for the lending process along with all the legal documentation. The intent of the paper will also discuss starting up a small business which will be a spa and massage parlor on St. Simons Island, Ga. while also evaluating the pros and cons of the four types of business organizations
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Public Interest/Government Resume and Cover Letter Tips All of the general rules that apply to resumes and cover letters to prospective employers apply equally to public interest and government employers. Your materials should be error-free, clearly organized, easy to read, and concise. However, there are some additional qualities that public interest and government employers are specifically looking for. You need to demonstrate your commitment to the mission and work of the organization
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Notes on Business Organization Centralisation and Decentralisation Centralisation implies the concentration of authority at the top level of the organisation while decentralisation means dispersal of authority throughout the organisation According to Allen Centralisation is systematic and consistent reservation of authority at central points within an organisation. Decentralisation applies to the systematic delegation of authority in an organisation context. Advantages of Decentralisation
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