Multiple Choice 1. The following are the attributes of a private corporation. What is the exception? A) It is an artificial being B) It is created by law C) It has the right of succession D) Its power attributes‚ or properties are expressly authorized by law or incident to its existence E) None of the above 2. A corporation has a personality of its own because it is legal or a juridical person. Which among the following is not a consequence of its separate personality? A) It may
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4. Responsibility of Corporations: Rationale‚ source and limits Whether there is social responsibility or obligation proper to speak of towards corporations is a topic of debate. However‚ the suspicious perception of business personnel towards CSR is understandable‚ essentially because the policy choices and actions of government may directly impact their operations‚ with a spillover effect on their responsibility to their stakeholders especially their employees and customers. a. Theoretical
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individuals. Corporation: A legal entity created by a state‚ separate and distinct from its owners and managers‚ having unlimited life‚ easy transferability of ownership and limited liability. Limited Liability Company (LLC): A relatively new type of organization that is a hybrid between a partnership and a corporation. Limited Liability Partnership (LLP): Similar to an LLC but used for professional firms in the fields of accounting‚ law‚ and architecture. It has limited liability like corporations but
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and the corporation The problem investigated is the growth of corporations and capitalism to the extent that they become unavoidably inseparable in order to maintain a cohesive‚ civil society. Corporations have been with humanity since the beginning of organized government. Capitalism can be loosely defined as the economic freedom to allow for the building of wealth‚ both individually and corporately. In order to provide for that freedom‚ governments must be in one accord with corporations to that
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Roles of Limited Liability Corporations and Partnerships In today’s society people are establishing new businesses with different business structures. The individuals need to check with the state they reside to see if the particular entity is acceptable. The paragraphs below will explain the roles of limited liability corporations and partnerships. The paper will also explain the business structure that will be more appropriate to use when opening a small business. Limited partnerships (LPs)
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MULTINATIONAL CORPORATIONS UNIT CODE: SPO 445 TOPIC: TO VALIDATE THE NORTION THAT MULTINATIONAL CORPORATIONS HAVE INFLUENCED THE CONDUCT AND BEHAVIOUR OF STATES An Assignment submitted to the department of Arts and social sciences in partial fulfillment of the requirement for the award of bachelor’s degree PRESENTED BY: SIMON OMONDI BASS/KC/PT/132/11/12 PRESENTED TO: MR. R. S. NG’AYO NOVEMBER‚ 2013 Table of Contents Introduction1 The nature of Multinational corporations2 The
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Overall‚ I believe that Starbucks appears to be a “good” company as a whole because it has flourished & worked hard to make the name well known around the world‚ continued to generate billions of dollars in different categories from revenues to operating income whilst still helping out various communities in the local and global public. Another reason why I would consider Starbucks as a “good” company would be that they do help and support the communities that provide their teas‚ coffees and cocoa
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Article and Business Evaluation Intel Corporation Robert Noyce and Gordon Moore Founded Intel in 1968. The two scientists had a vision for semiconductor memory products. In the year of 1971‚ the first microprocessor was shown to the world. Today Intel continues to grow not only in computer technology‚ but in the scientific areas of chemistry. Intel has reached out and opened doors to the world offering education‚ inspiration
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------------------------------------------------- Foss v Harbottle Foss v Harbottle (1843) 67 ER 189 is a leading English precedent in corporate law. In any action in which a wrong is alleged to have been done to a company‚ the proper claimant is the company itself. This is known as "the rule in Foss v Harbottle"‚ and the several important exceptions that have been developed are often described as "exceptions to the rule in Foss v Harbottle". Amongst these is the ’derivative action’‚ which allows
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The Target Corporation‚ what used to be known as the Dayton Dry Goods Co.‚ is an American retailing company that was founded in Minneapolis‚ Minnesota‚ in 1902. In 1962‚ the first Target store was opened in Roseville‚ Minnesota. It is the fifth largest retailer by sales revenue in the United States behind Wal-Mart‚ The Home Depot‚ Kroger and Costco. The company is ranked 33rd on the 2007 Fortune 500. Target operates its retailing business exclusively in the United States. It is a rival with Kmart
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