(1) instrumental hypotheses‚ in which the organization is viewed as just an instrument for riches creation‚ and its social exercises are just a way to accomplish financial outcomes; (2) political speculations‚ which fret about the influence of partnerships in the public arena and a capable utilization of this influence in the political field; (3) integrative
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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 separate legal‚ entities from the owners. Some Business entities like corporation‚ LLC can exist separately from its owners. In a common language that a corporation is a separate entity of its owners and corporation itself is an entity
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The importance of ethical decision making Ethical decision making involves acting in a morally correct and socially responsible way. The law is based on ethical principles. However‚ the law is only ethically relevant to the period in time which it was made. This means that the law will never be able to account for every course of action and that the responsibility lies with the decision makers to ensure they act in an ethical manner. White collar crime in Australia has resulted in the collapse
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Gaurav kumar (SEC. A) Grand Strategies Strategy Formulation is a strategic planning or long range-planning. This process is primarily analytical‚ not action oriented. This process involves scanning external and internal environmental factors‚ analysis of the strategic factors and generation‚ evaluation and selection of the best alternative strategy appropriate to the analysis. Identification of various alternative strategies is an important aspect of strategic management as it provides the alternatives
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business is to create a more positive media image‚ rebuild in Christchurch‚ expand its partnerships‚ and stock more NZ made merchandise. The main affects that have taken their toll on Whitcoulls is the Christchurch earthquake‚ the recession‚ the business nearly facing liquidation and the ever changing trends consumers go through. Findings from the TWOS analysis clearly showed that while Whitcoulls does not have partnerships that are as extensive as Paper Plus and they are not as technologically advanced
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Accounting 211 Study Guide for Final Exam Chapters 7 – 12 Chapter 7: 1. Terminology Accounting information system People‚ records‚ and methods that collect and process data from transactions and events‚ organize them in useful forms‚ and communicate results to decision makers Accounts payable ledger Subsidiary ledger listing individual creditor (supplier) accounts Accounts receivable ledger Subsidiary ledger listing individual customer accounts. Batch processing
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relevant recent cases‚ may also be discussed in class – how to use cases and what is expected of students in relation to their knowledge of cases will be explained in lectures. LECTURE AREA 1 - COMPARISON OF BUSINESS ORGANISATIONS Cases concerning partnership: Polkinghorne v Holland (1934) 51 CLR 143 National Commercial Banking Corp of Australia Ltd. v Batty (1986) 160 CLR 251 United Dominions Corporation Ltd. v Brian Pty Ltd. (1985) 157 CLR 1 LECTURE AREA 2 - HISTORY AND LEGISLATIVE FRAMEWORK‚ REGISTRATION
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Discuss the various grounds upon which the Court can order that a company be wound up compulsorily. B.H McPherson defines winding-up as a process whereby the assets of a company are collected and realised‚ the resulting proceeds are applied in discharging all its debts and liabilities‚ and any balance which remained after paying the cost and expense of winding-up is distributed among the members according to their rights and interests or otherwise dealt with as the constitution of the company
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point where houses and businesses were being foreclosed and banks could not give out loans. If the government did not get involved‚ it would “… allow the foreclosures to continue‚ credit to be withheld and money to go into hiding‚ and this forcing liquidation and bankruptcy of banks‚ railroads and insurance companies and a recapitalizing of all business and all property on a lower level”. FDR believed the difficult financial times would not only affect the economy financially‚ but society would lose
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Abstract: An abstract is a brief written summary of a longer document. Account: A record of increases and decreases in a specific asset‚ liability‚ or owner’s equity item. Accounting: The process of identifying‚ recording‚ and communicating the economic events of an organization to interested users of the information. Accounting equation: Assets = Liabilities + Owner’s Equity. Accounting information system: A system that involves collecting and processing transaction data‚ and providing financial
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