Activity 3-Stakeholders‚ Categories & Responsibilities of Organizations 1. Describe the basic features that distinguish the four basic forms of business ownership: sole proprietorships‚ general partnerships‚ C corporations‚ and limited liability companies. Ownership of C corporation is represented by shares of the stock‚ or shareholders‚ it is the most common type of the business‚ where ownership to the shareholders offers a limited liability to all its owners. Limited liability companies
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The importance of accounting to the stakeholders of an organisation Accounting must be understood as a complete‚ consistent‚ logical system for collecting and processing data on the assets of the company and its activities‚ as well as the presentation of economic and financial information. The primary objective of accounting is the development and provision of information about assets components and conducted by the company business. This information is used primarily by: * Board business
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Case Study Project What is the purpose of auditing? Describe the relationship between internal controls and the audit process. Answer The purpose of an audit is to provide financial statement users with an opinion by the auditor on whether the financial statements are presented fairly‚ in all material respects‚ in accordance with the applicable financial reporting framework. An audit also enhances the degree of confidence of intended users in the financial statements. Financial audits
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Boeing engineers union rejects contract offer Negotiations between Boeing and SPEEA began April 19. In the weeks since then‚ the company and union have continued to meet on a regular basis‚ focusing on specific issues each week. One SPEEA contract covers 23‚000 professional engineers in Puget Sound‚ Portland and Ogden‚ Utah; the other covers technical workers in Puget Sound and Portland. The two contracts are similar in many respects but not identical. Main issues included wage pools‚ medical
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Stakeholders of Bangladesh Telecommunications Sector BTRC Bangladesh Telecommunication Regulatory Commission (BTRC) is an independent Commission established under the Bangladesh Telecommunication Act‚ 2001 (Act no. 18 of 2001) published by the Parliament in the Bangladesh Gazette‚ extraordinary issue of April 16‚ 2001. BTRC started functioning from January 31‚ 2002. In the intervening years it has pursued a vision to facilitate affordable telecommunication services of acceptable quality for all
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U04033028 – Section 1. Review‚ Compile‚ Edit assignment. U04033037 & U04033038 – Section 2‚3‚4 and 5. Lecturer : Mr. Christopher Lim Student ID : U04033028‚ U04033037‚ U04033038 Table of Content 1. Stakeholder Value Relationship Model 3 1.1. Introduction 3 2. Application of the Stakeholder Value Relationship Model in Philips 5 2.1. Introduction 5 2.2. Employee Involvement 5 2.3. Working at Philips 6 2.4. Listening to employees 6 2.4.1. Euroforum 6 2.4.2. Employee engagement 6 2.4.3
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Boeing Learns From 787 Mistakes: Using Technology to Create Supply Chain Success Introduction The Boeing Company is one of the largest Aerospace and Defense enterprises in the world. Presently headquartered in Chicago‚ Illinois; they have contributed to some of the largest breakthroughs in aviation technology — breakthroughs that greatly enhance the lives of the world’s people. Boeing began as a small startup in 1916; but by the Korean War‚ defense efforts had grown Boeing to one of only
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Southwest Airlines Internal Analysis Introduction This internal business analysis is on Southwest Airlines‚ which was founded in 1967 by Rollin King and Herb Kelleher. The main focus for Southwest Airlines was to provide low cost flights for their customers‚ and also have exceptional customer satisfaction. Southwest is a leading airline company that continues to do well in an industry that has been historically challenging. For instance‚ in the span of two years (2005-2007) five major airlines
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Justification for an Internal Control System ACC 544 Justification for an Internal Control System Introduction According to A. A. Gramling in the Encyclopedia of Business and Finance‚ internal control can be described as “any action taken by an organization to help enhance the likelihood that the objectives of the organization will be achieved.” There are several approaches to risk management in an organization – the portfolio approach and the use of insurance are two. Both
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A critical appraisal of stakeholder analysis: Defining the stakeholder: The development sector is awash with participatory methodology‚ in part as a result of and a continued commitment to the Paris Declaration‚ but equally as a means to lend credence and legitimacy to development activities and interventions. One such methodology is the stakeholder analysis which is‚ agreeably‚ rather a nice tool and very much in keeping with current development themes of local empowerment and participation.
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