was stopped at the limit of advertising the photos and products of the company but could not approach the e-commerce and the online commercial transaction. Another objective fact was about the financial resources of the enterprise. Because of the limited budget‚ the company was prevented from investing more in the information technology’s applications. So as to solve these problems‚ Vinamilk has updated the new ERP software coming under a contract with Viettel Telecommunications Corporation. With
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Joint-Stock Company means that‚ a partnership or corporation between two parties. Stocks are issued the parties in return for each contribution. The shareholders are allowed to transfer or sell their investment interest at any point in time by selling their stock to another party. Apple‚ INC. depicts this form of company. Limited Liability Company (LLC) means that‚ the investors are only limited liable in case the business‚ the investors invested in‚ goes bankrupt. The creditors can only take
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income is taxed twice. A corporation cannot deduct from its business income any dividends payed to its shareholders. (Business Formation‚ n.d.). A corporation! Who wouldn’t want to be a CEO or hold a high position in a business like this without any liabilities? The problem is‚ realistically‚ a lot of us don’t have the resources to get a corporation started‚ so unfortunately it remains as a
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..................... 805 Pre-Legislative Development of Companies .......................................................... 808 Early Experiments in Limited Liability .................................................................. 811 The Transplanting of the Companies Act 1862‚ 25 & 26 Vict‚ c 89 ....................... 814 The No Liability Legislation for Mining Companies ............................................. 818 The Reforms of the 1890s............................................
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UNIVERSITY OF KARACHI ASSIGNMENT OF BAKING OPERATION AND MARKETING PREPARED FOR: SIR Khalid Jamil Ansari DEPARTMENT: Karachi University Business School SEMESTER: 2nd semester SUBJECT: Banking Operations CONTENT 1. How many types of customers and elaborate it ________________01 2. How many type of account also explain them?__________ 03 3. What are the basic requirements for opening of an account?__________________________________________04 1 | Page Q1.How
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CHAPATER 12-13 1. Tortfeasor is the term for a person who commits a tort True 2. Proximate cause exists when injuries sustained were too remotely connected to an incident to trigger liability False 3. Bona fide competitive behavior can constitute wrongful interference with a contractual relationship False 4. An ordinary person standard determines whether allegedly negligent conduct resulted in a breach of a duty of care False 5. Hilliard‚ a clerk at a Games Unlimited
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sole owner must take in all the losses. A partnership is a business where there are two or more persons. Partnerships are usually business that don’t last long either like sole proprietorships. When two people need to make business decisions regarding their business many conflicts can arise. This is the number one reason why partnerships end up getting dissolved and business either get closed down or sold to someone else. A limited liability company is a business that is structured by the
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or a limited liability company‚ to separate the actions of the entity from those of the individual or other company. Meaning: If a business is a separate legal entity‚ it means it has some of the same rights in law as a person. It is‚ for example‚ able to enter contracts. In New Zealand‚ a company is a separate legal entity from its owners (shareholders) and can‚ for example‚ be sued‚ and enter into contracts in the name of the company‚ not the shareholders. Sole traders and partnerships are not
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>>>>>> LEGISLATION BUSINESS LEGISLATION Foreign trade and customs As of January 1‚ 2007‚ Bulgaria is an EU member state. Since that date‚ the customs bodies have started applying directly the Community legislation that regulates common procedures‚ tariff and non-tariff measures with regard to the import and export of goods from and to third countries‚ as well as common customs control tools. The Customs Act is based on the Community Customs Code. It has adopted the existing procedures and customs
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following except for: A. price fixing B. allocation of markets C. standardization among trade association members D. concerted refusal to deal Reset Selection Question 9 of 20 5.0 Points The grant of a patent is a limited
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