CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
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attempt to reach a solution that is optimal for that unit‚ but that may not be optimum for the organization as a whole. For example‚ the quality control department of a factory may want to introduce a program that will guarantee that every bulb that is produced is perfect. However‚ the higher cost and the resulting high price would lead to a disaster for the overall company in the form of lower sales. Base on the view of culture metaphor‚ organizational culture is not a simple mirror of social reality
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[5]In a cozy little house on seventy fifth peanut street‚ Linus and snoopy were quietly writing a letter to Charley Brown.[3] Recently Linus and Snoopy visited Linuse’s grandparents and wanted to tell him about the wonderful trip. First they went to an amusement park and rode all the roller coasters. [6] Snoopy liked the lightning bolt.[4] Going one hundred twenty five miles an hour it was the fastest of them all. [1] Linus however‚ just liked skipping through the park counting the people as they
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The five bases of power are divided into two groups; formal power and personal power‚ and further subdivided into five specific categories under each group. Categories of formal power are coercive power‚ reward power‚ and legitimate power‚ and they come from the authority of one person over another. Categories of personal power are expert power and referent power‚ and they come from one’s characteristics rather than one’s authority. “Coercive power base depends on fear of the negative results from
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Diplomatic Relations between the United States and El Salvador Historical overview The diplomatic relations between The United States of America and El Salvador have a long history of friendly cooperation. There are many ties between these two nations‚ however the main ones are economic cooperation‚ development and immigration. El Salvador and other Central American nations declared independence from Spain on 1821‚ and after two years of independence‚ five of these Central American nations formed
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Power: If you want to use your power effectively‚ learnt about the other parry’s needs‚ interests‚ and goals. AllenR.Cohen. Power basically is the function of dependency which does not require goal compatibility. In the words of Max Weber: “Power is the probability that one actor within the relationship will be in a position to carry out his own will despite resistance
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2007 Question 14 – Option A – Egypt: Hatshepsut a) Describe the relationship between Hatshepsut and Thutmose III? There are many contradicting views and interpretations in regards to the relationship Hatshepsut had with Thuthmose III. Hatshepsut had ruled with Thuthmose III for over 10 years‚ it is definitely evident that Hatshepsut was the senior Pharaoh in the co-regency. However‚ the nature of their relationship is not entirely known. Some of the perceptions are that Thutmose
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Complicated Relationship Between Power and Money Serena McNiff Since the time when cavemen inhabited the earth‚ it has become human nature to want more than what one has. Before the concept of wealth was developed‚ humans fulfilled their needs by trading or bartering with others based on items that they needed to survive. As mankind has advanced‚ humans have expanded into desiring nonessential things. Money has become a medium for exchange and a payment for work‚ and currency is now fundamental
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three major players‚ Staples‚ Office Depot and Office Max make up nearly $41 Billion of that total and Staples claiming one third of the market share. Thus‚ barriers to entry are high as these few firms dominate market share. Establishing new relationships with both buyers and suppliers to rival the existing competition is next to impossible. In fact‚ with Office Max as the sector’s most recent addition in 2003‚ it is clear that gaining market share is difficult for new entrants as the company’s
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The Relationship between Organizational Learning and the Learning Organization Introduction During these years‚ there has been an increased trend toward emphasizing on the importance of learning in organizational management‚ due to the managers were told that the economy has turned into a knowledge economy (Drucker‚ 1993 cited in Berends et. al‚ 2003)‚ and that knowledge and learning “are of prime importance for creating and sustaining competitive advantage”(Nonaka‚ 1994 cited in Berends et
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