12-Sep-13 Objectives of firms 1. Profit Maximisation In neo-classical economics it is assumed that the interest of owners or shareholders are the most important. Just as consumers attempt to maximise utility‚ shareholders main motivation is to maximise their gain firm the company. Therefore‚ one of the main objectives of firms is to maximise profit. Profit is the reward for the risk-bearing function of the entrepreneur. The firm is in equilibrium‚ and is maximising profit‚ when it
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Economics – Features of Partnership Firms There are different forms of business organizations and a partnership firm is one among such organizations. Partnership is the relationship between two or more persons who have agreed to share the profits of the business carried on by all or any one or more of them acting for all. The following are the characteristics or features of any partnership firm: 1. Contract: It is formed on voluntary basis by means of an agreement agreed between two or more
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Ethics Of Movie "The Firm" The ethical climate of The Firm was mixed up and hostile at times. Certain characters had good morals and values. The law firm itself appeared at the beginning of the movie as a family oriented company and held values to which would follow this thinking. However‚ even before the lead character‚ Mitch McDeere‚ decided to take the job‚ certain questionable elements about the law firm are revealed that indicate that the firm’s ethics are out of line. A few of these elements
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University of Ljubljana – Faculty of Economics Graduate Programme Course: Globalization and Multinational Firms Mentor: Črt Kostevc Ph.D. Academic year: 2012/2013 Globalization and Multinational Firms Seminar paper MNCs and the role of the state Author: Aljaž Bešter Cerar – 19489662 Ljubljana‚ 10.6. 2013 Summary The seminar paper is logically divided into two related parts. The first part of the paper looks at a multinational corporation (MNC) as a principally passive object
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The Audit Firm Culture and its Affects on Quality Audits By Danielle Reynolds A company’s culture has a large impact on the ethical behavior of employee’s and an employee’s ethical behavior plays an important role in the quality of the audit. Now‚ there are several factors that affect the quality of an audit but the one that will be focused on in this paper is the effect the audit firm culture has on the audit quality. Audit firm culture effects so many different things at a firm including
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Audit firm in Kedah:- AF No: 1020 (H) AHMAD RAZI & CO 124‚ TINGKAT 1‚ KOMPLEKS ALOR SETAR‚ LEBUHRAYA DARULAMAN 05100 ALOR SETAR Tel: 04-733 9782 Fax: 04-730 9353 Email: razi@khr.com.my | AF No: 1486 (H) BAQIR HUSSAIN & CO 126B‚ FIRST FLOOR‚ KOMPLEKS ALOR SETAR‚ LEBUHRAYA DARULAMAN 05100 ALOR SETAR Tel: 04-732 8900 Fax: 04-735 2862 Email: baqir@pc.jaring.my | AF NO: 001851 BJ CHAN & CO 36‚ TKT 1‚ LORONG 11/1A TAMAN BANDAR BARU 08000 SUNGAI PETANI Tel: 04- 442 2350
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Employees Duty to the Firm Harmony between employees and employers is only possible only when there is no selfishness in the relationship. There are a lot of employers or firms obligation to an employee. But for every employer’s obligation there is also a corresponding obligation or responsibility of employee to the employer. While employers give what is just and right‚ employees should also be obedient‚ because obedience counts a lot. An employee should be respectful while an employer should not
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Chapter 1: Global marketing in the firm I. Introduction to globalization Globalization: reflects the trend of firms buying‚ developing producing and selling products and service in most countries and regions of the world. Benefits for the firm which do an international expansion: New and potentially more profitable markets Increase the firm’s competitiveness Facilitates access to new product ideas‚ manufacturing innovations and the latest technology Internalization: doing business in many
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two firms with similar problems from different countries. It will conduct a comparative analysis of the two firms. In addition‚ it will discuss political‚ social‚ ethical‚ and legal differences facing both organizations and determine the impact these differences have on management making decisions. Also‚ it will provide a substantive conclusion and recommendations. Two Firms I will be analyzing two firms for comparison and contrast regarding management decisions. The two firms being
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------------------------------------------------- Firms Duties to the Employee “Hey Placement season is full on.” “Which all companies are coming to recruit?” “DHL‚ FedEx‚ Unilever‚ P&G‚ Damco and many more you ever dreamt of” “What is the average package they are offering?” “Must be around 12‚000 UAE Dhms.” “That’s great!” It rarely ever happens that a probable employee ever thinks of whether the company would do all duties due to the employee. The employee once enters the company becomes
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