price competition‚ as it means they can buy goods at low prices and save money. Asda is a large national company that makes a profit and it is private as well. Asda has a limited liability which means that they might lose the money they have invested in a business. This company is an incorporated business and it is also a public limited company. The main aims and objectives of Asda are: •To provide goods and services that is cheap and affordable to consumers to the public‚ to reduce the cost •To
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TASK ONE: Koptaco has offered its transport since 1997. Koptaco Coaches have all different types of cars‚ mini-vans and privates coaches. People can book any type of transportation they need and a driver can take them where they like‚ but with a fee. People can also book for individuals‚ small groups or larger groups of people. People can book by telephone or even online. Website: http://www.koptaco.com/home.aspx TASK TWO: The Malta Tourism Authority was set up in 1999. The MTA gives their
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[pic] Ownership of the business Top shop is operating in private sector. It is a Public Limited Company this means they sell their shares on the stock exchange and that it’s available to the public to purchase shares. Every public limited business is regulated by law to include a plc at the end of their brand name. Since top shop is a public limited company it has a limited liability. Limited liability is when the business goes bankrupt; the owner is not responsible for its debt. Top shop
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The form of Ownership: Tesco doesn’t have a fixed ownership as it is own by thousands‚ this is because Tesco is a public limited company or PLC. Tesco is a PLC because of its huge number in size. Due to its size it would be almost impossible for a sole trader to raise enough funds to keep the business going. PLC is called public limited company which has limited liability‚ this means that you lose what you invest in the business; this also means that Tesco owners can buy and sell share holds
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Ownership and structural forms of business organization‚ applicable laws‚ requirements for their formations‚ and advantages and disadvantages Type of Ownership * Single or Sole Proprietorship. It is a form of business organization which is owned by one person. The owner personally manages his business. Most of businesses in the Philippines (including those which are not registered) belong to single proprietorship. Examples are retailers‚ market vendors‚ barbers‚ tailors‚ and so forth. a)
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© Paul Hoang and IBID Press 1 Business & Management – Answer Book Important message from the author Dear Colleagues‚ Thank you for purchasing my textbook and for the encouraging words that many of you have passed on from around the world. In the final installment‚ I have put together answers/solutions to all 217 case studies. I hope you will find these solutions as a useful starting point. As with all B&M mark schemes‚ the solutions in this Answer Book should be used with caution
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unlimited liability whereas a limited partnership has an outline of each partner’s role in assumption of liability Support/Reason Two In a general partnership you receive an equal share‚ however with a limited partnership you have only invested in a portion of the business Support/Reason Three (may be there or not…could be the contrasting paragraph) A general partnership is involved with many more aspects of the daily operation of the business whereas a limited partner is not. 4. Are their
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Topic 1 X Introduction to Company Law LEARNING OUTCOMES By the end of this topic‚ you should be able to: 1. 2. 3. 4. 5. List the types of business entities and its distinctions; Identify the various forms of companies and the changing of status; Discuss the doctrine of separate legal personality and lifting of the veil of incorporation; Describe the agency principles related to company law; and Evaluate the duties of a promoter and the pre-incorporation contracts. X INTRODUCTION
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partnership. D. limited partnership. E. limited liability company. Refer to section 1.2 AACSB: N/A Difficulty: Basic Learning Objective: 1-3 Section: 1.2 Topic: Sole proprietorship 1-21 http://helpyoustudy.info Chapter 01 - Introduction to Corporate Finance 5. A business formed by two or more individuals who each have unlimited liability for all of the firm ’s business debts is called a: A. corporation. B. sole proprietorship. C. general partnership. D. limited partnership. E. limited liability
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Outline of the Lecture 1. Doing Business in Poland (Socio-Cultural Aspects) Krzysztof Wach‚ PhD Cracow University of Economics Faculty of Economics and International Relations Department of Entrepreneurship and Innovation 2. 3. 4. 5. investment climate cultural dimensions Poland and classifications of cultures historical influence useful tips appendix 1: business legal forms appendix 2: starting up procedures © Dr Krzysztof Wach - Kraków 2010 2 Poland - Economic facts Part 1 Investment
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