Answer: • Sole proprietorship: A sole proprietorship is a business owned by one person. The owner may operate on his or her own or may employ others. The owner of the business has total and unlimited personal liability of the debts incurred by the business. • Partnership: A partnership is a form of business in which two or more people operate for the common goal of making profit. Each partner has total and unlimited personal liability of the debts incurred by the partnership. There are
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“Scope of Business Organization” Section A Mr. Akram is working as Management Training Officer Grade II in Habib Bank Limited. He has joined the bank two months ago against a contract of 5 years. The terms of this contract states that if he resigns from this post before 5 years then he is required to refund a sum of Rs. 500‚000 and all the training fees. His father Ansar Ali is running an auto workshop from the last 40 years. One day his father faces an accident and dies. Being the only son of
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John Walter O. Boisvert TM 102 (12:20 – 2:00) FORMS OF BUSINESS ORGANIZATION 1. Sole Proprietorship - is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name. ADVANTAGES: * Capital - Sole proprietor contributes
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Business Organization Research Notes Sole proprietors must also pay self-employment (SE) tax‚ a Social Security & Medicaire tax primarily for individuals who work for themselves. SE tax is figured using Schedule SE (Form 1040). Social Security & Medicaire taxes of most wage earners are figured by their employers. The SE tax rate is currently 15.3%. The rate currently consists of two (2) parts: 12.4% for Social Security (old-age survivors and disability insurance) and 2.9% for Medicaire
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Miguel Flores Checkpoint: Business Organization A sole proprietorship is a business that is owned by one person only. That one person is the sole owner and makes all decisions on their own. Most sole proprietorships are small business likes restaurants‚ markets‚ and liquor stores. The owner must have knowledgeable business experience or else his business will not be profitable. Most of this shops end up closing up after a couple of years because the sole owner must take in all the losses
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Assignment Title Corporate Social Responsibility (CSR) is fast becoming a benchmark for the image of any company. Describe a Singapore based company’s (franchise / franchisee can be included) CSR initiatives and how it has benefited the organization and consumer. Use CSR approaches‚ Human Resources involvement‚ Risk Management‚ Brand differentiation and CSR role in building customer loyalty. Table of Contents Assignment Title ____________________________________ Page 1. Table of Contents
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Emerging Challenges forSustainable Business 2012 311 Sustainable Banking in India: The Road Less Travelled Sustainable Banking in India: The Road Less Travelled Abstract Although the concept and practice of socially responsible and sustainable investing (SRSI) or more simply‚ sustainable finance‚ is yet to catch on in India‚ it represents a potentially hugely rewarding business opportunity. This paper begins with the wider concept of sustainable development and business‚ then highlights the importance
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"Though writing business letters was never an easy task‚ business letters are genuinely meaningful in various ways." The Value of Business Letters as related to: The Principle of Effective Communication It is indeed true that effective communication and writing skills are very significant in our daily lives. In reality‚ people will judge us by how well we communicate‚ either by speaking or writing. A business letter needs to be easily understood by its recipient. Therefore‚ one must write effectively
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Kathyann Marshall Location: Trincity Contents Front Page 1 SGML 3 XML 4 HTML 5 DHTML 6 XHTML 7 Relationship between SGML XML‚ HTML and XML 8 VBScript 10 Java Script 11 SGML SGML (Standard Generalized Markup Language) is a system for organizing and tagging elements of a document. SGML was developed and standardized by the International Organization for Standards (ISO) in 1986. SGML itself does not specify any particular formatting; rather
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use of knowledge. KM focuses on processes such as acquiring‚ creating and sharing knowledge and the cultural and technical foundations that support them. A more simple definition is that knowledge management is the process through which organizations generate value from intellectual and knowledge based assets The development of Knowledge management Knowledge began to be viewed as a competitive asset in the 80s‚around the same time that information explosion started becoming an issue The trend
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