Tort Liability and Contract Liability A tort is a legal term for "a wrong." The "tort law" is composed of state statutes and court decisions that gives one the right to sue someone who causes harm to them‚ whether it’s a drunk driver‚ a corporation that manufactures a defective product‚ a credit card company that overcharges you‚ or a government bureaucrat that breaks the law or a school official such as a teacher or principal. The law of the state in which the school is located determines a school’s
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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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Executive Summary This case analysis will focus on the issues surround the lifestyle product company Holey Soles. Psychologist Ann Rosenberg founded the company in September 2002. She initially operated in her garage and backyard‚ until she recruited Joyce Groote (now current CEO of Holey Soles) and expanded the company into other parts of North America. Holey Soles focuses on creating innovative footwear made from their trademarked technology SmartCel and SoleTek‚ which is an injection-molded
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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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Business Communication Business Letters 1/31/2013 Group Members AL Shafee Meeran‚ Jibin Philip‚ Vaishak Unnithan Types of letters Writing a letter is an old tradition. These days very few people indulge in this art. If writing a letter to a friend‚ relative‚ higher authority shows respect‚ effort and concern towards that person. Writing a letter takes time but helps in letting out views and feelings. This is the best way to express in a clear manner. Letter is a personal document and
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Types of Business Letters: Style Modified Block * Type the first line of each new paragraph flush with the left margin for this style. All lines of the body of the letter are flush with the left margin‚ according to English Plus. When you’re typing a letter in modified block style‚ the date and closing of the letter are both placed in center alignment‚ according to Library Online. Skip one line between paragraphs‚ the greeting ---- "Dear _______:" and the body of the letter. When you’ve finished
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The case of “The Sole Remaining Supplier” deliberates between what is more important‚ a human beings life or financial loss. During the year 1975‚ doctors across the nation started to implant a new and promising medical technology called pacemakers. It was in its early years; therefore‚ cardiology doctors did not possess the advanced skills needed to install such equipment. A patient’s heartbeat depended solely on these units to survive; however‚ a malfunction from such unit would cause a patient
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One responsibility teenagers should have is self-discipline as it allows them to have order in life. Self-discipline is essential to succeed in life as it is necessary to express various virtues such as respect‚ punctuality and good temper. Therefore‚ without self-discipline‚ there is little chance to succeed in life as self-discipline is the determining factor of how others judge you. Being the future generation of our society‚ it is important that youths or teenager abide by certain rules or norms
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Contingent Liability 1. Analyze why a company would prefer not to disclose its contingent liabilities. In order to understand why a company would or would not disclose his contingent liabilities it is important to know exactly what a contingent liability is. As I have learned throughout all of my accounting studies a liability is simply an obligation or debt that a business owes to an individual or an organization. Now there are many liabilities that include services‚ payroll‚ notes‚ and
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Sonam Yangchen Gurung Business and Management HL Mr. Sanjeev Lama 20.09.12 TYPES OF BUSINESS SECTORS There are three types of business sectors in an economy. Primary‚ secondary and tertiary. Primary sector comprises of agricultural based or small scale industries in which investment is very low. For eg. Farming. It involves production of raw materials. The secondary sector consists of industries which focuses on manufacture of certain products and the
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