A business that is carried on by a sole proprietorship is owned by one person‚ who also usually runs and manages the business. There may or may not be people working in the business these are referred to as employees of the business and the owner is the employer. The sole proprietorship receives all profits and is legally required to bear and satisfy all losses personally. The sole proprietorship is personally liable for debts of the business. So that‚ the sole proprietorship has unlimited liability
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As previously discussed‚ a phase- and principle-based management model for successful international partnerships was developed based on the assumption that the three critical principles are required to ensure the success of international partnerships‚ namely accountability‚ transparency‚ and learning capacity. Accountability is closely related to management competence‚ particularly to a leader’s behavioural obligations of responsibility and answerability to stakeholders. Accountability embodies the
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ON Indian Partnership Act 1932: Minor as a partner in a Partnership firm IN THE COURSE OF CONTRACT II SUBMITTED TO INSTITUTE OF LAW NIRMA UNIVERSITY UNDER THE GUIDANCE OF Asst. Prof. Nitesh Upadhyay SUBMITTED BY Saloni Palkhiwala Roll no.: 12bblo33 Semester: IV‚ B.com LLb Section C 1.INTRODUCTION Statement of problem According to Section 11 of The Indian Contract Act 1872 a minor cannot be a partner in a partnership firm but as per
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INTRODUCTION Corporate governance is the framework of rules and practices by which a board of directors ensures accountability‚ fairness‚ and transparency in a company ’s relationship with its all stakeholders (financiers‚ customers‚ management‚ employees‚ government‚ and the community). The corporate governance framework consists of (1) explicit and implicit contracts between the company and the stakeholders for distribution of responsibilities‚ rights‚ and rewards‚ (2) procedures for reconciling
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CEMS BLOCK SEMINAR: Take‐home examination Corporate Entrepreneurship Pauline GELDOF – CEMS Master 2 Introduction In today’s global economy‚ Corporate Entrepreneurship defined by Damanpour (1991) as the generation‚ development‚ and implementation of new ideas and behaviors by a company has become the only real source of competitive advantage for established organizations. Indeed‚ operating within an increasingly fast-moving environment‚ companies
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B.AERT‚H.ETR‚H.RTHGAE.RHAETR.H.THBAE.RHBAERG REA.G AR.GAER DF.B AET.RRTGH. AER.G AE.RGH .EARGHER FWWE FWE WFWEFWEFEWFWFEWEF this method if you’d like to upload a document from your computer. We support the following file types: doc‚ docx‚ this method if you’d like to upload a document from your computer. We support the following file types: doc‚ docx‚ this method if you’d like to
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Corporate culture has been said to be the toughest component of a business to change. Do you agree or disagree with this statement and why? I do believe in this statement and believe that it is actually true. The company’s culture is something that consists of the values‚ norms‚ and the goals of the organization. When all of these things are put together‚ they form the culture of that company. Any company that is being unethical can obtain all of these goals. However‚ they must surely stand
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Trans-Pacific Partnership and China Contents Introduction TPP super-era train is coming. It is the first column across Asia‚ Oceania‚ Latin America‚ the "zero tariff" era train in the world. This train took "multilateral free trade agreements" as a framework; build the first zero-tariff free trade market in the world‚ accommodated the countries except the EU‚ built a new fortune group outside the euro area. Countries in Asia-Pacific region should keep open-minds in dealing
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secondary sentence elements in the given exercises‚ as well. Identifying Indirect Objects. Underline the indirect object in each of the following sentences. Label direct objects with the initials d.o. (Note: all sentences are the same -"to whom?") d.o. Example: Bill lent Howard his jacket. 1. Lisa told the children a story about an elephant. 2. Give me one good reason for doing that job! 3. Pat gave Dick a record for his birthday. 4. We mailed Barbara a Christmas package. 5. Please tell me
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CORPORATE CONTROL AND FIRM PERFORMANCE: DOES THE TYPE OF OWNERS MATTER? Muhammad Agung Prabowo* Universitas Sebelas Maret‚ Surakarta‚ Indonesia Abstract: The paper extends the ownership study by examining the different types of large shareholders in relation to its impact on organizational outcome in Indonesia using a dataset consisting of 190 non-financial companies listed in Jakarta Stock Exchange in 2002. The study investigates the effect of family ownership‚ foreign blockholder‚ domestic institutional
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