Coordinator of the Study Centre you are attached with. 1. Discuss and explain the relevance of the following accounting concepts a) Business entity b) Money measurement c) Continuity d) Cost e) Accrual f) Conservatism g) Materiality h) Consistency i) Periodicity Solution: FUNDAMENTAL CONCEPTS OF ACCOUNTING Accounting is the language of business and it is used to communicate financial information. In order for that information to make sense‚ accounting is based on 12 fundamental
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Communication plays a vital role in the business organization‚ is essence without communication one can’t think of the existence of organization in real world. Followings are the key roles of business communication: 1. Communication develops civilized society: Communication is what has enabled us to develop the civilized society. It is one activity that we human beings clearly do better than the other forms of life on earth‚ and it largely explain our dominant role. It contributes to the development
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Multimedia Activity: Business Organization Business Law I March 4‚ 2013 Outside of a sole proprietorship‚ where a single owner owns and operates the business there are three basic types of business organizations: partnership‚ corporation and LLC‚ also known as limited liability company. (Rodgers‚ S. 2010. Chapter 13) The general requirements for each entity are the following; a partnership is defined as an association of two or more competent persons to carry on a business as co-owners
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The Value of Diversity and Multiculturalism in Business Diversity and Multiculturalism are two topics that‚ themselves‚ are not new. To start off with a uniform basic understanding‚ what are diversity and multiculturalism? According to Merrium-Webster‚ Diversity is ‘the condition of having or being composed of differing elements‚ especially the inclusion of different types of people (as people of different races or cultures) in a group or organization’. Whereas‚ Merrium-Webster defined multiculturalism
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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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Coca Cola Organizational Values and Ethical Decision Making Roland W .Ware MGT/521 March 27‚ 2012 David Aiken Coca Cola Organizational Values and Ethical Decision Making Coca-Cola‚ we aim high. And with more than 120 years’ experience of extraordinary success‚ they know how to focus our efforts and achieve what we set out to do. The Coca Cola mission is simple. Coca Cola aim is: To refresh the world ...in body‚ mind and spirit. To inspire moments
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Small-Business Idea Recently the United States government has released funds for creating small businesses. An opportunity to acquire government funding for a business venture is one to take advantage of and to put dreams into reality. The intent of this paper is to outline the three main forms of business organizations including the tax and legal implications as well as the accounting requirements for each structure. In addition‚ this paper proposes creating a small business of a women’s only gym
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The Structure of a Business Decision Executive Summary The Nakamura Company of Kyoto‚ Japan is famous for making quality and for middle class lacquer containers for the daily table. The company started selling the product under the brand Chrysanthemum which eventually became the leader in the market. The product became famous with the American GI’s after the World War 2 back when Japan was under rehabilitation with assistance of the United States. Aside from the purchases made by the GI’s
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Amazon.com In 1994‚ with a handful of programmers and a few thousand dollars in workstations and servers‚ Jeff Bezos set out to change the retail world when he created Amazon.com (ticker: AMZN). Shel Kaphan‚ Amazon’s first programmer‚ assisted by others‚ including Paul Barton-Davis‚ used a collection of tools to create Web pages based on a database of 1 million book titles compiled from the Library of Congress and Books in Print databases. Kaphan notes that “Amazon was dependent on commercial and
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Delivering Business Value with IT at Hefty Hardware By Vengamma Thalacheeru Wilmington University IT Policy and Strategy 7100 December 8‚ 2014 Table of Content Introduction 3 Key Concerns 3 Business Issues 3 IT Issues 4 Business and IT Alignment 4 Analysis 7 Conclusion 7 References 8 Delivering Business Value with IT at Hefty Hardware Introduction The vice president Cheryl O’Shea
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