Week 7 Learning Activity 1. Was the relationship among Grace and her sons a partnership for a term or a partnership at will? Grace Tengalhat and her sons‚ Manny and Jason verbally agreed to share the business for five years. “Partnership for a term is a partnership that exists for a specified duration or until a specified event occurs‚” (uslegal.com)‚ since they agreed for five years‚ this is a partnership for term. A partnership at will is when a partnership is made with no fixed term. 2. Did
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operation and learnt that the McDonald brother had desired to franchise their operation. Besides that‚ McDonald also into international market and continue to expend around the globe. For the management of McDonald‚ the main aspect to entire the business are ethical‚ truthful‚ and dependable. McDonald was conduct by their Board of Director that insure their act in the best interest. Apart from that‚ takes a proactive approach to enforcing their global food service. For the Global Perspective‚ McDonald
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1.1 Nature of Business Activity A business is a decision-‐making organisation which uses a combination of inputs‚ processes and outputs. Inputs ideas‚ money‚ labour‚ employees‚ raw materials‚ equipment Processes action of turning inputs into outputs cooking‚ delivery‚ manufacturing Outputs final products goods or services Businesses exist to satisfy the needs and wants of people‚ organisations and governments.
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2.0 The Different Types of Business Activity By the end of this chapter‚ you should be able to: • Classify entities into primary‚ secondary and tertiary sectors • Explain features of public and private business • Understand the different forms of merger and take-over • Compare methods that measures the size of a business Levels of Economic Activity Stage Business Involved Primary Woodcutter Secondary Furniture Makers Tertiary Retailer Example – Stages in the production and sale
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University of libya BTEC from EDEXEL PROGRAM: -business dminstration Model: - managing business activities to achieve results Subject: -first assignment Student’s name: - mawada kamil almskot Lecturer’s name: - marwan Date of submission: -1th march 2014 Question1 Discuss how is each function of the organization is related to each other Answer: Discuss how is each function of the organization is related to each other Your business’s functions are the things it does
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ASSESMENT 1 MANAGE BUDGETS AND FINANCIAL PLANS KEYLA NIEVES 1) Using your current workplace or a simulated workplace where you are the manager‚ describe the following: A. The name of the organisation and the types of business activities. Maykala Restaurant: preparing and serving food to clientele. B. Your work team and your main responsibility in the work team. Food production: Chef Gaming Restaurant supervisor Bar head person C. The types of budgets and financial plans that you are responsible
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Unrelated Diversification is a form of diversification when the business adds new or unrelated product lines and penetrates new markets. For example‚ if the shoe producer enters the business of clothing manufacturing. In this case there is no direct connection with the company´s existing business - this The unrelated diversification is based on the concept that any new business or company‚ which can be acquired under favorable financial conditions and has the potential for high revenues‚ is suitable
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their current business processes. You will need to conduct an investigation into the client’s problems and evaluate a solution to meet their business needs. Overview – SkiZone Andrew West started SurfZone in Bondi with the goal of providing good quality surfing equipment to his customers. To ensure year round business‚ Andrew sells both Surfing and Snow Ski products and he also has a lucrative snow ski hire department that is strongly patronised by school groups and families. Business has been brisk
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monthly basis to ensure no discrepancies e. Prepare end of year payroll reconciliation and payment summaries 3. GST/BAS a. Reconcile‚ verify and report in relation to the GST accounting b. Prepare and Lodge Business Activity Statement as required c. Prepare and lodge Instalment Activity Statement as required d. Liaise with Australian Taxation Office in relation to these services 4. General a. Provision of telephone support b. Liaise with external accountant Should you require any additional
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Chartered Accountants’ Everyday Tools PAYG Withholding Statement Contact for more information: Phone: 1300 137 322 Within Australia +61 2 9290 5660 Overseas 1800 804 712 Toll free from Malaysia 800 6161 337 Toll free from Singapore Fax: +61 2 9262 4841 Email: memberbenefits@charteredaccountants.com.au This document has been supplied to the Institute of Chartered Accountants in Australia as a free sample by Thomson Reuters and is extracted
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