Web Search Activity #1 1. What is finance? Finance is essentially any transaction where money or a money-like instrument is exchanged for money or a money-like instrument. (Lecture Notes) 2. What is a market? Name five types of markets in which you participate. What markets trade economic resources? Any organized effort where buyers and sellers freely exchange goods and services. Money Market‚ Stock Market‚ Flea Market‚ Real Estate Market‚ Retail Market. Labor Markets‚ Capital Market
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remained a Sole Proprietorship? Why or Why not ? In my opinion ‚ I would say no due to the fact that it would have caused the disadvantage of limit growth‚ limited reasons and unlimited liability. In terms of partnership it would bring about conflicts with a partner‚ division of profits‚ difficulty termination and unlimited liability. As a corporation ‚ they would have encountered limited liability‚ the ability to raise more money investments‚ ease of ownership change and the ease of separating
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county clerk. b. Greatest freedom from regulation and paperwork. c. Owner is in direct control‚ with no interference from other owners. d. Taxes may be lower than for regular corporations. The disadvantages of a sole proprietorship include: a. Unlimited liability. The proprietor is responsible for full amount of business debts no matter how incurred‚ which means that his personal property may be taken to cover debts of the business. This of course is a significant disadvantage. b. Unstable business
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Case Study: Netflix Drawing from the Oaks Reading on Innovation and Competitiveness‚ what strategy did Netflix use initially in competing with Blockbuster? How did it evolved over time? In hindsight‚ what could Blockbuster have done to defend itself against Netflix? Netflix’s initial strategy revolved around the use of the internet and the United States Postal Service to deliver DVD’s to subscribers and could be described as disruptive innovation. Reed Hastings used the internet and postal service
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Before the Bolshevik Revolution‚ Russia was in the traditional economy. Which mean Russia was under-developed country. It both has the advantages and disadvantages. In the traditional economy system‚ everyone knew the three basic economy questions (what to produce; how to produce; for whom to produce). They produced what their former generation produced. Farming‚ hunting‚ and gathering as three basic ways to live were done the same way as the generation before. Also‚ customs gave the economic decisions
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thought and wrote about the social responsibility of organizations. Here are five of his corollaries to corporate social responsibility. 1. Government cannot solve many social problems 2. The corporate mission comes first 3. There is an unlimited liability clause 4. There are unique ethics of social responsibility 5. There are opportunities for competitive advantage in fulfilling social responsibility Government Can’t Do It Drucker analyzed the issue and found increasing disenchantment
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taxation). Potential employees may be attracted to the business if given the incentive to become a partner. The business usually will benefit from partners who have complementary skills. Disadvantages of a Partnership General partners have unlimited liability. Partners are jointly and individually liable for the actions of the other partners. Profits must be shared with others. Since decisions are shared‚ disagreements can occur. Some employee benefits are not deductible from business income
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Katrina Rose S. Mendoza MGT 201: Theory and Practice of Management Book Analysis: Art of War as applied to PLDT Founded on November 28‚ 1928‚ Philippine Long Distance Telephone Company (PLDT) is the leading telecommunications provider in the Philippines. Its mission is to be the preferred full service provider of voice‚ video and data at the most attractive levels of price‚ service quality‚ content and coverage‚ thereby bringing maximum benefit to the Company’s stakeholders. When PLDT was
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BUSINESS LAW 401 – FINAL EXAM 1. Name three ways to finance a new business. 2. What is the primary purpose of federal bankruptcy law? a. To protect creditors b. To treat all creditors equally c. To preserve business relationships d. To discharge the debtor from burdensome debts by giving him a fresh start 3. Martha started a flower shop as a sole proprietor. After one year‚ she was forced to close the shop because business was so bad
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which is the legislature. The statutes created by the parliament are non justiciable which shows the capacity of parliament as a retrospective law making body. Though this is the fact‚ it was different before the ’Glorious Revolution’ of 1688. The unlimited parliament legislative authority was not always being accepted in courts. In the case of Dr Bonham’s it is stated that the common law had the power to control Acts of parliament and sometime declare them to be void and similarly in Day v Savadge
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