Sole proprietor Advantage (1) Easy to establish: Sole trading concern can be established very quickly and easily. Anybody who wants to start a business can do so‚ whenever‚ he likes. In Nepal‚ only nominal legal formality of registration is necessary. (2) Easy to dissolve: Dissolution of sole trading concern equally simple. There are no legal formalities in this regard. Proprietor can dissolve business whenever he likes to do so. (3) Effective control: In this form of business organization‚ proprietor
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Sit in your seat‚ do not act crazy‚ and do not eat or drink. These rules are legitimate. The reasons for them are necessary to keep us safe as we travel to and from. However‚ there is one rule that makes no sense‚ NO CELL PHONES. In the building this is a more reasonable rule. They do not want us to have our cell phones because of cheating and the fact that we might not pay attention. The prohibition of them in the building is the best way‚ seen by teachers and administration to keep bad things from
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Chloride 10. Magnesium 11. Iodine 12. Iron . Bases are substances that (release/accept) hydrogen ions. 9. The bicarbonate ion is an important (acid/base) in the human body. 10. Because water molecules have a positive pole and a negative pole‚ we consider the water molecule to be a ___Polar___ molecule. 11. Water molecules bond with other water molecules by a weak ___Hydrogen___ bond. 12. _____Buffers_____ are substances that resist abrupt and large swings in the pH of body fluids by
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Critically discusses the process of operations management and how it is done within your organization‚ using the terms just defined. Find at least one internal area where operations management is implemented‚ discuss the process‚ and comment on the relative effectiveness of the process. What OM techniques are used? How? If not used‚ why not (e.g.‚ lack of time‚ lack of knowledge‚ culture resistance‚ complexity)? Who uses them (what level in the organization—e.g.‚ operational/tactical‚ strategic)
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Life As We Know it There she was sitting in the driver’s seat on a cold crisp morning wanting to go home‚ but not sure of where she is or which way to begin the trip back home; an extreme state of confusion engulfs her. Wondering‚ “How did I get here?” “Where am I?” Finally‚ in the distance‚ granny sees a car approaching and her entire body freezes with fear‚ because a stranger is getting closer and closer to her in this strange place. Thoughts run through her mind that causes her to panic. These
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throughout the organization for all of the staff along with coming up with a talent review procedure for all of the level positions in the company. Second on the list was generating and implementing a succession of three development programs. Once McDonald’ put their plan out for the development system back in 2001 for all the staff positions‚ they wanted to improve in the most serious areas. First area was placing emphasis on accountability; second step was to increase the difference in performance
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the low cost. They purchase raw vegetables and other raw materials from its fixed‚ pre- defined suppliers only‚ some like local grocery and farm‚ to make raw materials is fresh. For example the soft drinks‚ the only supplier is Coca-Cola. McDonald’s has practiced a backward vertical integration‚ by replacing most of its suppliers. Operations – processing the resources into goods and services The McDonald’s Brothers changed the design of restaurant kitchen. Because they are fast food company‚ they
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of the ancient Greeks‚ the significance of the dictum‚ ‘Know Thyself’‚ has penetrated religious and secular philosophies. Yet‚ frequently‚ situations arise where we are surprised or puzzled by our own behaviour‚ confused by our emotional state or unsure of the accuracy of our memory regarding a specific experience. In his essay on the unconscious‚ Sigmund Freud addressed this phenomenon: ‘In our most personal daily experiences we encounter ideas of unknown origin and the result of thought
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2002 (Table A)‚ it can be observed that McDonald’s SG&A had increase disproportionately in Q3 which resulted in lower operating income. Even though McDonald prides its success in its simple formula QSCV‚ it was not performing up to consumers’ expectations (i.e. consumers perceived McDonald to be of lower quality‚ service and cleanliness as compared to other fast-food chains). Moreover‚ McDonald is also struggling with its pricing decisions because they have not find a price structure that is feasible
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E-Business Plan for McDonald Corporation (Part Two) Strategic Analysis and Market Justification An international opportunity Companies of all sizes go international for different reasons‚ Deresky (2011) stated that the threat of their own decreased competitiveness is the overriding reason many large companies want to move fast to build strong positions in key world markets (p. 198). Deresky (2011) also suggested many multinational corporations (MNCs) have developed
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