BBI20-INTRODUCTION TO BUSINESS Unit 1 BUSINESS FUNDAMENTALS Business Categories and Types of Business Ownership Learning Goals: I will be able to describe and give examples of the two business categories. I will be able to describe and give examples of the five types of business ownership. A business: Produces and/or sells goods and services to customers/consumers Business Categories 1. For Profit: makes money (most businesses under this category) 2. Not for Profit: Helps
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In the United States or Canada there are many forms of business ownership. Many business owners‚ in the US‚ who decide to start-up their own business must carefully choose a form of business ownership for their corporation‚ this will determine the legal arrangements of the business. The reason it is important for a business manager to choose a legal development for his company is because this decision will have an effect on matters such as taxes and regulatory requirements. If an executive manager
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Case Studies – Types of Business Organization (Ownership) Case 2: Joseph LeBlanc‚ a student looking for summer employment‚ opened a bait shop in a small shed on a local fishing dock. For this case‚ I think the type of business here is Sole Proprietorship. Joseph LeBlanc a student looking for a summer employment and decides to open his own bait shop is a very big responsibility. If his business is Sole Proprietorship‚ it will benefit him in a lot of ways. He will be the boss of himself‚ which makes
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The Penn State Scandal impacted many areas of the organization. From the managers not doing their part to protect those who were being abused. As a manager if an incident is reported to you it is your responsibility to make sure that the proper authority is notified‚ or you should at least investigate for yourself to make sure that the information that is given to you is creditable. In the case of an eyewitness account as with McQueary he did the right thing by reporting what he saw to coach Paterno
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TYPES AND FORMS OF BUSINESS ORGANIZATION A business organization is frequently referred to as a business entity. A business entity is any business organization that exists as an economic unit. Business entities can be grouped according to the type of business activity they perform. 1. Service companies perform services for a fee. This group includes companies such as accounting firms‚ law firms‚ repair shops‚ and many others. 2. Merchandising companies purchase goods that are ready for
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Designed by the architectural firm McKim‚ Mead and White‚ Pennsylvania Station itself stands out in high contrast from it’s predecessors. The train station sheer size is noteworthy. Standing taller than most of it’s neighbors‚ Penn Station was also a block and a half long facing Seventh Ave. In the lower left hand corner of Figure 1‚ the viewer can see that the train tracks enter under the train station and post office adjacent. The placement of the tracks under the buildings‚ logically makes the
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William Penn was one of the greatest religious leaders in early America because he accepted anyone of any religion into Pennsylvania without any criticism and he went through his own religious persecution that helped him understand the refugees that came to Pennsylvania. He believed that everyone had to seek God in their own way. Pennsylvania had a constitution of its own and their laws displayed fairness. Peace was a law in the Constitution and because of that they had no military draft because
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COMPANIES Starting a business in India requires one to choose a type of business entity. In India one can choose from five different types of legal entities to conduct business. These include Sole Proprietorship‚ Partnership Firm‚ Limited Liability Partnership‚ Private Limited Company and Public Limited Company. The choice of the business entity is dependent on various factors such as taxation‚ owner liability‚ compliance burden‚ investment and funding and exit strategy. Lets look at each of
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William Penn had ideological beliefs that could provide an important foundation for the development of Pennsylvania into a tolerant society. He believed in liberty of conscience‚ the constraints of faith and the role of the state in religious matters. As well as his attitudes towards people of different ethnics or beliefs‚ and most important‚ he believed that people should believe in any religion they wanted to‚ without being persecuted‚ which he defined as illegal‚ immoral‚ and contrary to both
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While the free essays can give you inspiration for writing‚ they cannot be used ’as is’ because they will not meet your assignment’s requirements. If you are in a time crunch‚ then you need a custom written term paper on your subject (a neurobiological perspective on early human deprivation) Here you can hire an independent writer/researcher to custom write you an authentic essay to your specifications that will pass any plagiarism test (e.g. Turnitin). Waste no more time! In the world
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