Agency Partnerships and companies contract through agents. Partners can be agents of the partnership; directors agents of the company. Most cases agents have actual authority If no authority then ostensible authority may apply. Associations Not for profit for members. Types: Unincorporated > 2 members Liability to outsiders uncertain Incorporated >5 members Registered Members liability limited Associated can be sued Sole Trader One person owns business Take profit and bear
Premium Stock Corporation Liquidation
Course Work Name Reg No. Date Tutor Introduction Chad is the fifth poorest country in the world. The country suffers from a poor economy‚ poor governance‚ a lack of infrastructure and political instability.Chad is a landlocked country in North Central Africa surrounded by Libya to the north‚ Sudan to the west‚ the Central Republic of Africa to the south‚ Cameroon‚ Niger and Nigeria to the west. The country is about three times the size of California with a population of
Premium Africa Poverty Population
Types of Capital Investment Decisions Organizations often are faced with the opportunity (or need) to invest in assets or projects that represent long-term commitments. New production systems‚ new plants‚ new equipment‚ and new product development are examples of assets and projects that fit this category. Usually‚ many alternatives are available. For example‚ an organization may be faced with the decision of whether or not to invest in a new plant‚ or whether to invest in a flexible manufacturing
Premium Investment Corporate finance Asset
profits of his business. This form of taxation is known as pass-through taxation‚ meaning there is no separate federal income tax reporting for the proprietorship. * Longevity/continuity: In the event the sole proprietor dies and planned steps were not properly carried out the business will cease. Sadly the family’s source of income is no longer available. Life insurance is an important need to the proprietor‚ it may be the family’s only source of income. Secondly a will is a must have with precise
Premium Corporate tax Corporation Types of companies
alternatives. The firm allocates or budgets financial resources to new investment proposals. Basically‚ the firm may be confronted with three types of capital budgeting decisions i) the accept/reject decision‚ ii) the mutually exclusively choice decision and iii) the capital rationing decision. i) Asset – reject decision: This is a fundamental decision in capital budgeting if the project is accepted; the firm would invest in it. In general‚ all those proposals which yield a rate of return
Premium Investment Net present value
effectiveness. Due to the recent slump in overall business‚ many businesses are considering to downsize their operations in order to minimize their losses and save themselves from further losses in future. The top management of any company should consider the consequences of shutting down its several operations and lay off employees‚ on the employee morale and the motivation to work among employees. Companies not only downsize at the time of recession but they usually lay off employees for several other reasons
Premium Organization Management Layoff
Professor Keith Morton September 15‚ 2013 The Cost of the Decisions We Make For every course of action that one takes in life‚ there is a cost associated. This cost may be large or small but one can weigh this cost with the alternative before he or she makes any decision. In the essay‚ “The Price of Crossing Borders” written by Eduardo Porter‚ the concept of understanding that there is a price for everything is conveyed. There is no decision that is made or path that is taken that comes without some
Premium Immigration to the United States Immigration Illegal immigration
HAVING READ THE ENTIRE INTERVIEW‚ WHAT DO YOU THINK ARE THE ADVANTAGES AND DISADVANTAGES OF YOUTUBE? SUPPORT YOU ANSWER WITH REFERENCE TO THE TEXT. The advantages of YouTube are emphasised more than the disadvantages in this interview. Chad Hurley says that it is simple and ‘easy to use‚ without the need for any special software’. This is clearly a very big advantage of YouTube. I think the greatest advantage is that it is a free service. In this interview‚ Chad Hurley also tells us that YouTube
Premium
There were two who opposed on most things and fought for what in which they believed in harshly‚ one was a patriot and the leader of the republicans‚ the other was a loyalist‚ leader of the federalists. The Patriot‚ Thomas Jefferson was born in Virginia on April 13‚ 1743‚ he grew up with a old respective family and was a very smart and gifted. The loyalist‚ Alexander Hamilton was born in the british west indies on January 11‚ 1757 and grew up with no family or money but was also very smart and gifted
Premium United States United States Constitution President of the United States
Daily Life in the United States 1920- 1940 The era between 1920 and 1940 was filled with a multitude of challenges from wars‚ governmental reforms‚ to the great stock market crash. But within these difficult times‚ was born several significant inventions that would change the way of life for all Americans. Among those of most importance were that of the automobile‚ the radio and electricity. The automobile drastically altered the way people lived and worked by allowing Americans the freedom
Premium United States Industrial Revolution Mass production