For anyone who wishes to start their own successful business, there are a lot of important factors to be considered in order for that to happen. The main factor is how the business is intended to be conducted, and characteristics such as liability, taxation, continuity, profit retention and sharing, and the conveniences and burdens associated with the business. It is important for a potential business owner or owners to be educated on the different types of business organizations and rules and regulations
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organizations are proprietorship, partnership, and corporations. The first two forms proprietorship and partnership are very similar based on advantages and disadvantages. Advantages are that it is easily and inexpensively formed, there are very few government regulations and the income is not subject to corporate taxation but taxes on the proprietors or partners incomes. For a corporation there are three main advantages. First a corporation is ever lasting if an owner dies there will be someone
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Should Government have the largest influence on Corporate Social Responsibility ? Introduction Carroll’s four responsibilities of business are economic, legal, ethical, and discretionary (Carroll, 1991). Economic responsibility is a business organization to produce goods or service to society, and creditors or shareholders can get return. Legal responsibility is defined in law by government that management is expected to follow. Ethical responsibility is organization management to obey the
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Student Response Value Correct Answer Feedback 1. cash flows; profits 2. profits; cash flows 100% 3. profits; book value 4. book value; profits 5. book value; cash flows Score: 10/10 2. Corporation 2 The main advantage to a corporation is_______. Student Response Value Correct Answer Feedback 1. double taxation 2. limited liability 100% 3. ease of setup 4. name recognition Score: 10/10 3. Finance The goal of the
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aspect of the law in relation to companies. Furthermore, plenty of provisions for public and private had been introduced. Moreover the long term of investment and shareholder engagement has been enhanced. Sole Trader is owned or run a private corporation by one person who can control over decision making. Moreover the owner entitled to receive an all the profits. The drawbacks are unlimited risk for example the owner is entitled to pay off the debenture and damage of his business. It also has finance
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Content 1 Introduction 2 2 Body 3 2.1 How is good corporate governance achieved? 3 2.2 Why is this concept important to Australia? 4 2.3 What are the roles, responsibilities and powers of the Board of Directors, Management and shareholders? 5 2.3.1 The roles, responsibilities and powers of the Board of Directors 5 2.3.2 The roles, responsibilities and powers of the Board of Management 7 2.3.3 The roles, responsibilities and powers of the Board of Shareholder 8 2.4 How does the
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INTRODUCTION OF THE COMPANYUsher Agro Ltd is one of the leading agribusiness houses in the country. The company is an agri-food processing company primarily engaged in milling and processing of rice and wheat in Northern India. They focus mainly on non-basmati rice and wheat products such as atta, maida, suji etc. Their plants are based in Uttar Pradesh and Bihar, which are among the main rice and wheat growing regions in India. The company's principal products include rice, bran, wheat and husk
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Rockefeller Case Study 1. How would you evaluate Rockefeller in terms of his motive, his managerial ability, and his ethics? What lesson does his career teach about the relationship between virtue and success? Rockefeller had great motive he saw the demand for oil and build a company and fortune around it. He managed his business well and really put an emphasis on efficiency and responsibility but was ruthless and unfair to competitors getting huge discounts on shipping and other mediums he drove
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IS535 Discussion Week 7 Major corporations, governments, and other organizations are hacked each week, mostly by means of phishing attacks. Describe how users and IT organizations should arm themselves against these attacks. I see the key to defeating phishing attacks is a comprehensive and active education/training effort and a strident monitoring/notification capability to thwart those types of attacks. With this two pronged effort you both educate the firm and keep the firm informed on the
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advisement below. Part I: Discuss the various forms of organization that are available to Penelope, Mark and John. There are a few different options from which you can chose to organize your business under. For example: partnership, LLP, S Corporation, C Corporation for which I know you are all familiar with. It is my duty to give you my own educated and unbiased opinion to which would be most beneficial to all of you. Part II: Make your recommendation as to what form of organization you believe
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