Business Structures Glenn Wilson Boerstler‚ II FIN/571 Corporate Finance August 18‚ 2014 Professor Susanne Elliot A business can be organized in one of several ways‚ and the form its owners choose will affect the company’s’ and owners’ legal liability and income tax treatment. Business structures are selected based on the type of business and the intentions of the owner or owners. According to the Small Business Administration‚ there are six types of business structures that are based on the needs
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What is structure and agency? How does this framework help us in political analysis? For it is part and parcel of daily experience to feel both free and enchained‚ capable of shaping our own future and yet confronted by towering‚ seemingly impersonal constraints. Consequently in facing up to the problem of structure and agency social theorists are not just addressing crucial technical problems in the study of society‚ they are also confronting the most pressing social problem of the human condition
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Acknowledgement The success of this assignment required a lot of guidance and assistance from many people and us extremely fortunate to have got this all along completion of our assignment. Whatever we have done is only due to such guidance and I would not forget to thank them. First and foremost‚ we would like to thank to our lecturer of this task Madam Marini bt Mohamed Azhari. She inspired us greatly to work in this task. Her willingness to motivate us contributed tremendously to our task
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Organizational Structure Interview Organizational Structure Interview Koffee Kake is a small coffee shop located within my community that sells coffee and pastries and had a small lunch menu. The Koffee Kake was opened in 2007‚ currently employs 14 part time employees and has annual sales of approximately $500‚000. This small business was selected because it has grown and thrived over the years even though they must compete with a nationally recognized coffee shop that is located just
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POWER: A capacity that A has to influence the behaviour of B so that B acts in accordance with A’s wishes. DEPENDENCY: B’s relationship to A when A possesses something that B requires. BASES OF POWER: Formal Power: Is established by an individual’s position in an organisation; conveys the ability to coerce or reward‚ from formal authority‚ or from control of information 1. Coercive Power • A power base dependent on fear 2. Reward Power • Compliance achieved based on the ability to distribute
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An organizational structure can be defined as a pattern of relationships of different component in an organization. Organization structure thus refers to the arrangement of relationships among different positions and people in an organization (HRM GUIDE 2009‚ Para. 2). Importance of organizational structure Organization structure gives authority and responsibility to individuals. It directs who is in charge of what and who is responsible for what outcome. The structure helps individuals to know
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one form of the market structure types of pure competition‚ monopolistic competition‚ oligopoly and monopoly. In each of the four market structure types‚ analyse and evaluate the Structure-Conduct-Performance paradigm strategies a firm should pursue to sustain and improve on its profitability as much as possible. In the course of writing your assignment‚ you are required to use the SCP paradigm to evaluate the characteristics of the four market structure types‚ and how they impact on the sustainability
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Industry structure affects intensity of competition in the following ways: Opportunity potential – Profitable market is likely to attract firms to invest in available opportunity‚ the more the number of firms in the market‚ the more intense of the competition. Ease of entry – When entry into an industry is relatively easy‚ more firms are likely to invest in that. ‚ including some marginal ones‚ are attracted to it. However‚ committed members of the industry may adopt strategies to discourage potential
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They entail acquiring the proper licenses and permits. Regulations very from industry‚ state‚ and county. There is no administrative configuration. • Control- Owners are permitted to organize the company in the way they prefer. All choices about how the business will operate are made by the owner. The owner has the choice of hiring someone to run the company or doing it themselves. • Profit Retention- Revenues from the establishment can be reinvested or distributed straight to the establishment’s
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Organisation Structure An organizational structure defines how job tasks are formally divided‚ grouped‚ and coordinated. (Robbins and Judge 2001). Managers need to address six key elements when they design their organization’s structure: work specialization‚ departmentalization‚ chain of command‚ span of control‚ centralization and decentralization‚ and formalization. Work Specialization Describes the degree to which activities in the organization are subdivided into separate jobs. The essence
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