liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will
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The primary advantage of a corporate form of business is that a corporation is a stand-alone entity‚ which means you are not personally liable for the assets and debts of the business. Incorporating protects your personal assets from lawsuits‚ debt collection and other business issues that can arise. The stand-alone entity also separates tax liabilities‚ which is another advantage. This means that the corporation’s taxes are separate from your personal tax liabilities. As a business
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Unit 5 Research Assignment 1: Compare the Different Relational Database Management Systems In an article written By Suqing Wang‚ eHow Contributor SQL Server Vs. Oracle Data Types Database While designing and defining tables in databases‚ it is important to find out the data type for each column in the data tables. A data type is an attribute which defines the type of data an object can retain: integer‚ string‚ data and time‚ etc. There are basically three main types: text‚ numbers and date/times
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You are required to prepare an investigative report on a recent corporate scandal that involved improper accounting practices or any form of financial scandal. Your report must include the following: an overview of the corporation a description of the scandal methodology - explaining the specific accounting impropriety that the company used. an explanation of how the firm managed to hide their accounting improprieties a discussion of who the scandal effected - both inside‚ and outside
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internalization that occurs among persons subject to social control. Using these considerations it is possible to link personal processes to structural conditions". (Donald Warren 1968) (Lazarfeld and Menzel 1961) French & Raven introduce five bases of power Coercive‚ Reward‚ Legitimate‚ Referent‚ and Expert. 1 Coercive Power 2 Reward Power 3 Legitimate Power 4 Referent Power 5 Expert Power Coercive Power This type of power is based upon the idea of coercion. The main idea behind this
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Reaction Essay: The Corporation The documentary The Corporation‚ directed by Jennifer Abbott and Mark Achbar and produced in 2004‚ although bias‚ opens many doors for discussion in regard to capitalism and the role of corporations in our lives. I found the documentary to be presented professionally‚ and filled with legitimate facts more so than extreme opinion. The documentary truly outlines the "all-pervasive" role the corporation has taken as the "world’s dominant institution". The film opens
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survey is completed by the most knowledgeable about the maternity’s breastfeeding practice. Each state summits the survey. Massachusetts scored an 84 out of 100 and ranked number 2 out of 53. The survey includes thing like how facilities use evidence-base practices in their care to support breastfeeding and promote utilization of the Joint Commission Perinatal Care Core Measurement Set including exclusive breast milk feeding at hospital discharge in Massachusetts
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Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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purpose. For example‚ a study to determine whether breast-feeding is beneficial to children’s later intelligence is an example of applied research because it has an immediate practical use. Basic research: This builds psychology’s general knowledge base but has no immediate applications. For example‚ a study determining whether identical twins’ personalities are nature- or nurture-oriented is an example of basic research. Terminology A theory (in psychology) is an idea that explains some aspect
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Business Ethics The Corporation ‘The Corporation’ had a specific aim to portray the problems of not just one corporation‚ but corporations as a whole‚ as is evident from the beginning of the film as a multitude of big business logos flashed across the screen. The film proceeded to highlight the issues surrounding: globalization and consumerism‚ environmental pollution and disregard for the planet‚ unethical marketing‚ and dishonest media. Personally‚ I feel that I’m quite open-minded when it comes
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