Corporation College Essays Samples For Students

No investor would be willing to put their money into a certain corporation if they realized that the future limitless debts of the corporation could become personal debts for them if the corporation ever ran into a debt crisis. If, on the other hand, an investor knew that the maximum amount he could lose in a certain investment is limited to the amount he invested, he can be more confident in going forward with the investment. This is what the concept of limited liability is all about. Limited liability functions as a protection for investors who invest in corporate ...

Business Law

All corporations have a duty to act as moral agents since they are endowed by the state a distinct personality that is separate from its incorporators. As such, they are to be considered as morally responsible agents for being created as legal persons under the corporation law. Being a legal entity, they have the power to sue and be sued. They have the ability to pool together their wealth and income to engage in economic activities as one body. Such activities cannot be done if the members of the do this on their own individual capacities. In effect, the ...

- Introduction
The report is the second part of the SIM and Statistical arbitrage assignment. This report describes the process which has been done in the first part. It includes the collecting of the necessary information and data, a determination of the stocks, analysis of this data and the obtained results.
- Stocks Analyzed

The average return of News Corporation is higher than the average return of Commonwealth Bank of Australia. The standard deviation of the first one is lower than the standard deviation of the second company. Therefore, the stock of the News Corporation is more efficient and stable ...

Kmart Corporation is a subsidiary of Sears Holdings Corporation is a discount retailer in America. The company sells international branded and private-label products to low and mid income families. The largest mass merchandise retailers operate in the United States, Puerto Rico and Guam. It provides customers quality products via a portfolio of brands and labels. Kmart as the third leading retailer in the United States enjoys a powerful brand equity. After filing for bankruptcy in 2002 and closing about 1300 stores, Kmart was merged into the new Sears holdings business in 2005. Kmart Corporation operates under retailing industry.
The ...

In the early years of the 21st century, accounting scandals usually involved major private organizations such as Enron. However, all that changed when Federal Home Mortgage Corporation (also called Freddie Mac), the second largest financer of mortgages, came under the microscope of the authorities including the United States Justice System. The SEC believed that Freddie Mac had irregularities in its accounting procedures, and therefore, decided to investigate the mortgage giant. Freddie Mac was a government sponsored organization that came into being in the year 1970. The organization was set up to promote home-ownership, and, at first, Freddie Mac functioned ...

- How does this description fit with the process model in the text?
- What would you have done differently?
There was no preliminary interviews done with the group members which could have brought to light the possible conflict that would arise from joining Brooks with his management style of traditional and formal where communication traveled vertically through the hierarchy with Gantman whom had a management style that stressed the value of open communication channels to promote teamwork and collaboration.
It was assumed that Brook's strengths would complement Gantman's weaknesses and not known that the two had a history of ...

Question One

A corporation is a business entity that is completely separate from its owners. It enjoys legal rights and responsibilities like those of an individual. Corporate accountability is the legal obligation of a company to do what is right. A Corporation is accountable to several parties in its area of operation. For the effective running of a corporation it should fulfil its legal duties towards the home government. A corporation is entitled to meet the set standards in its home country. It should only participate in the activities which it is registered. Breaching of this leads to prosecution by Law. ...

Riordan Manufacturing, the international plastics manufacturer, employs about 550 people with planned annual earnings of $46 billion. Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion, owns the manufacturing company. Riordan’s manufacturing is separated into the following three groups: plastic beverage containers made in Albany, Georgia; normally prepared plastic parts in Pontiac, Michigan; and plastic fan parts made ​​in Hangzhou, China. With the goods being produced at the different parts of the world and different makes, Riordan’s major clients are motorized parts producers, aircraft builders, the U.S. Department of Defense, beverage bottlers and ...

A corporation is a specific mechanism formed to allow several parties to contribute expertise, labour and capital for their own mutual benefit. Investors and shareholders do profit participation in the company but do not take responsibility for the company’s operations. The management’s role is to run the company but is not held responsible for providing the capital. There is a board of directors in any company, and it plays the role of approving all decisions that might influence the long-run and short-run performance of the company. Therefore for a corporation to run smoothly, these three departments, the ...

Why do you think Facebook has been so successful?

Facebook is social networking site, responsible for connecting millions of people round the globe. People find their friends and family members from all the distant places in the world right on their desktop screen every time. A facility charging you nothing, yet connecting so intimately, makes you love it all the time (Ebert and Griffin).
Sharing of updates, presence and absence from places, sentiments, success and grief and getting feedbacks from friends, all are positive attributes of Facebook. With billions of users globally, commercial corporations and business owners find it the best way to attract such a huge chunk ...

What is the meaning of ‘Violation’?

Ethics is the study of understanding whether what an organization’s employees do is good and right (Manikutty, Being Ethical p. 19). As for the HR office of XYZ corporation, which now has a fully functional Ethics Officer and a Corporate Code of Ethics, the main responsibility is to create a procedure through which its employees can report any violations of its ethics code. But before creating a procedure, it is very important to first fully understand the true meaning of the word ‘violation’.
A ‘violation’ refers to several actions that the employees and other stakeholders of the organization ...

Analysis has been distributed among different categorizes that include financial analysis, investment analysis and operational analysis. It is an essential tool that has a great condition in particular. All of these analyses will be done on the basis of Financial Analysis and Strategic Analysis, and then effective recommendations would have been posted accordingly (Debarshi, p.67).
In this particular analysis, it is required to compute the financial analysis of Loews Corporation, and there are number of sections that needed to be completed accordingly in an effective manner. All of the sections would have been considered in a perfect manner for ...

- How do they use visuals to keep attention?
The company annual reports that have been selected for this paper are that of Intel Corporation and Advanced Micro Devices Corporation. The main references used in comparing these two reports are the two companies’ respective annual reports. Simply we, have extracted the companies’ respective annual reports from their respective websites, studied it, and compared them in terms of their contents, and the way how the information inside each report was presented. Both reports can generally be considered dull in terms of the visual aids. No pictures were used in both ...

The motivation behind many employees’ hard work is a decent salary and other incentives. Human resource professionals, specialized in compensation and benefits, are thus tasked with the process of creation, management and effective distribution of these remuneration packages. Therefore, for the design of a proper rewards and compensation scheme for the vacant posts created in Harrison Corporation, effective remuneration packages have to be created for each of the defined positions and regions. For the newly created regions, policies must be devised for Harrison Corporation’s salaries, bonus and incentive schemes. The policies should include; bonuses, commissions, salaries, medical and ...

Wal-Mart Stores Inc. is among the prominent retail chains and a multinational corporation having 1209 discount stores, 1980 supercenters, and 567 Sam’s Club operating locally, as well as, worldwide. It has its headquarters at Bentonville, Arkansas United States. It has more than 10,000 retail stores in 27 different countries in around 55 different affiliate names. The company operates using the Wal-Mart name in the United States and Puerto Rico, in Mexico its operational name is Wal-Mart de México y Centroamérica, in the United Kingdom it exists as Asda. Within the borders of Japan, it operates ...

A venture into a foreign market requires considerations about taxes in the country and the double taxation. Taxation relates to the amount of profit that is subject to tax and the rates thereof. In Philippines, the rates of taxes stand at 32% for the corporate and companies. This rate is friendly for the business. The sales or value added tax is at 12% which is also a friendly rate for the business . The double taxation risk is that the corporation will be taxed in host country and Philippines. This may lead to loss of funds and may pose a ...

Hydraulic Fracturing Process

Hydraulic fracturing is a process through which fluids under high pressure are injected to crack a rock so as to allow oil and gas to flow into the wellbore. Once the rock is fractured, propant such as sand is injected to prop open the fractures to avoid sealing. During the process, water is used as a carrier fluid to transport the sand into the fractured rock matrix (Cabot Oil & Gas Corporation 4). The raw materials used for this process include sand and water, which make up 99 percent of the fluid used by Cabot. The other one percent is ...

Performance measures are an important tool for organizations to assess the performance of their organization. It helps them understand their position in the market as compared to competitors. These performance measures can also be used by companies to improve in areas where they are lacking. In specific performance measures tell companies the following; how well are they doing, how effectively are they achieving their goals, customer satisfaction levels, whether processes are in statistical control, and if there are any improvements required. Companies measure performance in all business units across the entire organization. However, the specific major processes of that ...

Corporation in any way is far better than a partnership. Apart from the smaller aspect attributes of corporations, partnerships, are in several ways cannot fulfill the financial needs in running the organization. Shareholders who are not liable for the organization debts usually own corporations, while the partnerships have their owners responsible for business debts. The law allows the creditors even to access the owner’s bank account and personal properties to settle the deficit, which is not in the case of corporations (Guinnane 7).
More importantly, revenue on the income statement and cash flow favors the corporations in several ...

MacDonald`s Corporation is regarded as the American powerful, fast food service economy. Currently, the organization serves approximately 68 million clients on a daily basis across 119 nations. The organization has managed to make a profit of about $5.5 billion with a deep cultural pride in its “patrimonial culinaire” (Schlosser et al. 4)
Theories indicate that the culture/cognitive trend in MacDonald Corporation have led to the trend of homogeneity and standardization. Given the large scope of globalization cultural trend, MacDonald Corporation has been able to address the principles of its fast food dominance in the easiest and efficient manner. ...

According to the case presented in this case scenario, there is avoidance of legal requirement to have redemption. Clara has presented her current year’s tax returns and it seems there are some unusually abnormally in her tax return. She reported a large capital gain in her stock redemption in 2011. This was due to an irregularity made during the redemption process. Clara did not avail herself during the family during the redemption process. This affected the whole process of exchange treatment, where she was supposed to avail herself for a completion of the termination. The analysis of the ...

Comcast Corporation is an international media and technological company located in United States. The mentioned Corporation has two key primary businesses; Comcast Cable and NBCUniversal. Imperative to note is that Comcast Cable provides myriad services and products to the consumers. The said business is the nation's largest video subscriber. Also, the Comcast cable is a provider of high-speed internet and phones to the housing customers as well as the businesses. On the other hand, NBCUniversal invariably engages in operations such as well news, sports cable network and entertainment. A notable fact is that the mentioned business is one of ...

Employees are expected to be in submission to their bosses; this is a common knowledge that is recognized all over the globe no matter what the nature of the work process is as recognized by the organization (Cheeseman, 2013). Nonetheless, there are instances when such knowledge is being used to overpower the employees especially based on racial and gender differences. Among the most common cases that impose such abuse of the law is that of the occurrence of sexual harassment in several institutions. Paula is noted to have just started her job at a corporation, and she was noted ...

Part One

The type of corporation ideal for the brothers is a limited liability company. The first step entails the selection of a name. The brothers want to name their corporation ‘Brother’s Automotive, Inc. A name check should be performed before reservation for the availability of the name. If ‘Brother’s Automotive, Inc.’ is not unique or has been used by another corporation, another name should be suggested. Perhaps they should name it ‘The Smith Brothers Automotive, L.L.C.’ or ‘Allen and Bob Smith Automotive, L.L.C’. The company name must contain the words Limited Liability Company.
This is then followed by ...

Introduction

The word “fiduciary” comes from the Latin word “fiducia”, which means “trust”. The term “fiduciary” is most often used to refer to a person or business that has the power and obligation to act on behalf of another person (called the beneficiary) against the background of total trust, honesty and good faith. Fiduciary duties of directors, officers and controlling shareholders play significant role in business and corporate governance, along with other duties, imposed on them by position. For the purposes of this assignment I would like to discuss fiduciary duties of directors, officers and controlling shareholders. The legislation of ...

Introduction

The city of Vancouver is one of the single most strategic locations in British Columbia in Canada. In fact, Vancouver can easily be said to be a melting pot based on the fact that the population in the city is by far diversified to a greater extent. The population census of 2011 revealed that close to 51% of the population spoke a first language other than Canadian English. The concept of division of labor is an intrinsic subject in any given work environment. The Silver Wheaton Corporation is one of the biggest mining companies in Vancouver (Silver Wheaton Corporation, ...

Business Forms Worksheet

This is a form of business that is formed and managed by one person. The business entity is the easiest business to establish. The proprietor bears the sole responsibility of all activities and challenges that accrue to the business (Keenan & Riches, 2007). 

Advantages

1. The owner enjoys all the profit that accumulates from the business activities
2. It is the easiest business entity to establish because it requires few legal documents to start a business. The business and the proprietor are one entity i.e. the owner is the sole decision-maker.
3. The proprietor enjoys maximum privacy and can manipulate the ...

Assignment 4: Merger, Acquisition, and International Strategies

Organizations seek business opportunities using different processes that make them achieve their business goals and objectives. Sprint Corporation is an international company based in United States involved in provision of wireless services and global internet carrier. The company is one of the largest wireless network operators in United States and serves more than 54 million customers worldwide. Sprint Corporation developed a need to merge with another company in U.S. in order to pull their resources and ideas together to form a strong corporation. The company management proposed a merge with Nextel Communications on December 14, 2004 to form what ...

Introduction

In the context of a business environment, there are different forms of firms’ ownership depending on the way that it is being formed and operated. Firms/businesses can either be for profit making or non-profit - state-owned. The common ways of organizing a business, based on its ownership, include Sole Proprietorship, Partnership and Corporation (Anonymous, n. d.). However, these forms of firms’ ownership are discussed below;
Sole proprietorship: This form of business belongs to one person and it is operated mainly for profit or benefit of the owner. The owner can operate this business alone or with other close individuals ...

1. Overview of the organization or corporation 
Starbucks opened its first store in 1971 at Seattle’s Pike Place Market. It was incorporated in 1985. Today, it is known as the premier roaster, marketer and retailer of specialty coffee worldwide. The company sells several coffee and tea varieties and other beverages and an assortment of fresh food items. Starbucks’ head office is located at 2401 Utah Avenue South, Seattle, Washington 98134.
The mission of Starbucks is “to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time”. Starbucks Corporation is a global company ...

Reorganization can be defined as any restructuring that can be tax free as provided for in §368. A successful reorganization must meet some standards to qualify as a tax-free: the first requirement is that it must be having a plan for reorganization. The second is the continuity of interest and business enterprise, the third requirement demands that an organization must have a clear business purpose and finally the organization must not be a subject to step transaction doctrine. It is from this point that an IRS letter should be obtained showing the tax treatment desired by the parties intending ...

Dear Sir,

I am delighted to present you a report on management information systems applied in Nokia Company in their worldwide branches as obtained from interviewing employees in the company.
The report is prepared pursuant to the company’s articles of association and goals to be the leader in technology and adoption of efficiency management systems. This includes the efficiency, operations, and saving systems that will enhance the management effectiveness of the organization in the ever-competitive environment.
The report also highlights general overview of the company and products offered, including the different scales on which the products are provided.
(Sign)

MIS Project: The Nokia Company

Nokia ...

Gaining access to individuals personal details without authorized permission must not only be unethical but unlawful as well. Fortunately, this unethical act done by The News Corporation was brought to attention when they hacked into voicemail conversations of The Royal Family. Regardless of a person’s popularity everyone has a right to have a private life without public intervention into every aspect.
The main focus of The News Corporation is towards making news and ignoring how or where that information is accessed. This was why reporters were tempted to hack into individual’s voicemail messages and create news. However, ...

Beta Corporation is the principal since it is the one that has mandated the management to carry out activities on their behalf. It cannot operate on its own and thus it outsources the services of the agents. Arnold is an agent since all his activities are subject to the oversight and approval by Beta’s board of directors. He has been mandated by Beta Corporation through the board of directors to run the operations of Beta Corporation on their behalf when dealing with the third party.
Carol is also an agent to the owners of Beta since she deals ...

Ethics is an integral part of a corporation’s effort to ensure all its services are accomplished with an act of good faith and acceptable to all the parties involved in the business. The case is a demonstration of various ethical misfits that would occur in a corporation. The case explicates the ethical issues relating to Boeing’s services and its transactions with other corporations. It also unveils the ethical issues that paralyze its management and negotiation processes through its employees. The ethical issue in this case is Boeing’s manipulation of figures to display its impression as a ...

Introduction

Nike has been in the forefront in reporting on the Three Pillars (People, Plant and Profit). The corporation has a special consideration, transparency and accountability on environment impacts, social impacts and economic impacts of its operations in different regions. These reports are geared towards establishing how the operations have affected directly or indirectly the society in terms of social responsibility, ecological changes, as well as the corporation’s finances. To realize this objective, the company uses the performance indicators to measure the company’s performance in economic, social and environmental sectors.

Currently, most of the Nike’s CSR activities ...

- The corporation was a common form of business in the US and the world before the 20th century albeit in different formats and operational structures. Roy (41) posits that corporations were originally formed by government and chartered to perform specific tasks like road construction, building of water systems, land exploration and settlement and many other tasks that the government believed could not be assigned to private individuals. These were tasks that conventional businessmen would have found too risky, costly or unprofitable to perform or which could have collapsed if left to market forces. The fourteenth amendment assigns to ...

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The biggest scandal of the early 21 th century was the case of "Enron". The financial collapse of U.S. energy giant is also not without participation of offshore companies. The corporation came into being in 1985 through the merger of two gas companies in Nebraska and Texas. It was the "Enron" became the first owner of the gas pipeline network that stretches across the country.
In the 1990s the company has engaged in trade, not only gas but also electricity. Corporation has entered the market of securities, which enabled her to ...

Introduction

The global usage of gasoline and other sources of energy will continue to increase over the next few decades as populations grow and developing countries expand their consumption of world resources. This implies that energy producers must increase their supply of energy as well as consider alternative sources of energy. There is an ever-growing appetite for crude oil and other sources of energy, with the projection of worldwide energy consumption to increase by more than 40 percent by 2035 (Chevron Corporation, 2013). The growing demand for energy results from the population that is predicted to increase by 25 percent ...

Research shows that suicide is worldwide self-inflicted acts that nine out of ten times end in death.   Every year, a regular of 35,000 suicide deaths happen in the United States and it is projected that 7,000 of those suicides which are usually committed by teenagers (Fazel, 2011) There a lot of Psychologists which have identified the teenage years as to be one of the hardest stages of human life.   For the duration of this phase, they are usually out there trying to learn new social roles, new relationships are being formed, bodily changes are happening and choices ...

Introduction

The United HealthCare Corporation traces its roots to the emergence and development of Health Maintenance Organization (HMO). United HealthCare Corporation is a reputable national leader in the management of healthcare services in United States of America (Kongstvedt, 2001). The organisation is currently serving over three million individuals through Local Based Health Maintenance Organisations. The institution also serves over 20 million people in all America states through other managed-care speciality services including Employees Assistance Services, Preferred Physician Organisations, Workers Casualties and Compensation Services, Substance Abuse Services, Managed Mental Care Services and Pharmaceutical Cost Services. The current success of United HealthCare ...

Business ethics is a form of professional or applied ethics which examines morals and ethical principles surrounding the business environment; it is contained in a corporation’s ethics code and covers all aspects of business conduct, from individual conduct to the entire organization.
Since its establishment in 1996, Morinda Corporation has thus far become a global phenomenon, and improved happiness and health of people from all walks of life around the world. Additionally, Morinda Company has in the past earned recognitions and awards globally due to its high business standards and integrity. In terms of business associations, Morinda is ...

BUS 499 BSBA Integrative Project

Sears Holdings Corporation Causal Chains
The table above represents the summarized Balance Scorecard and strategy map for Sears Holdings Corporation complete with causal chains. The process of strategic management is complex and time consuming. Managers dealing with strategy are usually occupied with other operational issues. It is therefore possible for an organization to lay down strategy and stakeholders continue focusing on operations and meeting short term targets at the expense of the overall strategy. The Balanced Scorecard approach is a method that can be useful in not only enabling an organization create strategy but also ensuring that short term ...

Law

1.) The enactment of the Corporations Act of 2001 is to create a law in relation to the formation of corporations, corporate regulation and the regulation of financial services and products (Cassidy, 2006, p.8). The law is intended to regulate the business entities in Australia such as partnerships, corporations and other investment schemes. It also regulates the operation of these entities in relation to the duties of the officers of the company, mergers and takeovers.
2.) The concept of corporate governance deals with the legal and organizational framework within which the principles and processes of by which the corporations ...

Organizational behavior

Functions of formal and informal groups in organizations
Introduction
In order for every company or corporation to achieve its set goals and objectives, one of the most essential things that each of these perspective corporations should consider include the organization of the employees, especially, in achieving the corporation’s set goals, mission and objectives. This is achieved through an effective social and corporate relations, that enhance cooperation and working together and as a team, in order to achieve the corporation’s goals. With regard to the same, organizations are, consequently, organized into formal and informal groups (Slocum, 2010). In ...

Managing information technology

15. Data warehouse and operational files
One of the most essential things to note concerning every corporation is the fact that it has to keep track and history of all its operations, which assists in the analysis of the corporation’s performance, as well as its operations with the same. In this case, for instance, it is necessary to keep track of all the information, and develop a strategy through which the information will be stored and saved. Two of the strategies used in this case are data warehouse and database files. It is necessary to note that there ...

Race and Ethnic Groups

Institutionalized discrimination
Institutionalized discrimination is the kind of discrimination that has been developed in institutions’ systems, and in areas such as the institutions’ processes, procedures, activities, protocols and even the activities and exercises in these organizations. Through institutionalized discrimination, corporations, through the established systems, fail to take into consideration several social identities, such as specific social groups. As a result, this form of discrimination affects specific people, since they are part of the group that has been discriminated against. One of the major aspects to not about institutionalized discrimination is the fact that it is not necessarily company-orchestrated.
Rather, ...

(CATTARAUGUS COUNTY REHABILITATION CENTER SCORECARD CONCEPT)

Introduction
In order to analyze and understand whether Cattaraugus County Rehabilitation Center has effectively adopted the scoreboard concept, one of the most essential things to note is to begin by understanding its essentiality, its implications, basic use and its implementation in organizations. To begin with, a Balanced Scoreboard Approach, otherwise referred to as the BSC strategy, is one of the most essential strategies in the business and organizational strategies in the twenty first century (Kaplan & Norton, 1992). This is due to the fact that it plays a major role in assisting the managers ...

Decision support system

Decision making is one of the activities that take place within organizations on a daily basis, and it is one of the major roles that corporation’s manager or the management team is involved in, and entrusted to carry out for the corporation. As a result, therefore, there have been many opinions and approaches towards this activity, since it carries a lot of weight and relevant for corporations. It is also necessary to note beforehand, that decision making is one of the most essential roles for every corporation, as it involves taking major steps towards the achievement of the ...

Bakan notes that privatization of the environment for corporations to have real venture in the environment may form a way of proceeding. Suppose the corporations take charge of the environments or they possess a fiscal venture in it, they would have more inclination into taking care of it, as this is believed to increase its value in resale. Corporations give considerable care for assets which they have chances of reselling unlike the assets that can only be used once (Friedman, 25). As a matter of fact, what has been shown by empirical studies indicate that privatization has resulted to ...

ID150 SPRING, 2013 Deer MIDTERMPART2

Turn in to Blackboard. Essays should be one, short paragraph or more. 12pt-TNR-D-spaced
Enter your essay answers directly into this document and then post via the link. 8.5 pts. Each.
- What primary purpose does the rule of law serve in a capitalist economic system?
The rule of law is an essential in a capitalistic system so that the rights and roles of the majority are taken care. In a capitalistic society, only a few of the population own many resources and wealth. Without the rule of law, the rights of those who are not wealthy should be protected. ...

Sony Corporation is mainly known as Sony, is a renowned Japanese multinational company with its headquarters in Tokyo Japan. The corporation operates diversified business with its primary focus on games, electronics, financial services as well as entertainment sectors. Sony is among the leading companies in the production of electronics for professional and consumer markets (Flügge, 2008). Sony is one of the most inclusive entertainment companies in the globe with its operations in almost all nations in the world.
The success of the Sony Company is built on its wide line of production that improves with time. There are ...

The following is an analysis of transnational corporations in various developing countries. They range in different industries such as oil and gas production, steel industry, construction, telecommunications and electronics. The ranking is done in terms of financial performance in the market. This is basically the net income or profits generated by the corporations. Gazprom is an oil and gas production corporation, located in Russia. The corporation in its financial year has made profits worth 26.78. It is located in Russia where most of its shares are owned by the Russian government. It is the largest gas producer in Russia ...

It is prudent to begin by saying that Conoco Philips is an oil group that is organised around four areas of activities. The areas include refining and distribution (taking about 76.2% of net sales. Secondly, hydrocarbon exploration and production (taking about 20.2%), thirdly, processing and distribution of a gas (3.5%) and others taking 0.1%. this corporation is considered the world’s largest independent exploration and production company that is based on reserves and the production of natural gas and the liquid. His headquarters are based in Texas, Houston and it has operations in more than thirty countries.
Bond issue ...

Part A: Founders Agreement

According to Bevans (2006), founders agreements can be defined as the declarations or the agreements that are stated when a particular business is starting. They are created after the start-up management team has been set up and mostly include the relationships to each other, to the corporation and to the other participants involved in the business. The key elements of the founders’ agreement include a brief business plan, a legal or taxable nature of the business, the nature of the perspective organization, initial operating stock and the division of shares in case a member dies, decides to quit the ...

Introduction

Ethical dilemmas are an integral part of every aspect of human life today. Apparently ethical dilemmas are among the principal factors that make the process of decision making more complicated. The major reason why ethical dilemmas make decision making complicated is because they pose two possible answers to a situation, both appearing to be correct. In an ethical dilemma, either side has a strong argument behind its decision. Worth noting is the fact that ethical dilemmas exist in all fields of life, ranging from the world of medicine to the world of business. Arguably, business is among the widest ...

Limited Liability Companies have characteristics similar to partnerships, corporations and sole proprietorships. They have limited liability and income taxes are charged in a unique way. An LLC is flexible just like a sole proprietorship. An LLC is required by law to be flexible because the owners decide how the business is governed. LLCs file their income taxes based on the number of owners; partners, sole owners or as corporates.
Partnerships have requirements such as; there must be between two to 20 people to form a partnership. The partnership files income and losses, but the partners pay taxes separately. The ...

MNCs are more likely to pursue global uniformity or differentiation

Introduction
The Multinational Corporations (MNCs) are an essential part of the world in terms of an economy that is directly associated with the employment and trading. The performance of the multinational corporations is based on its employment structure and the human resource capability. The employees are the primary factor to achieve competitive advantage based on their knowledge and skills. The realization of the importance of the human resource management is directly resulting in the best practice of the human resource policies.
As the multinational corporations are operating in a number of countries, therefore, such organizations face several kinds of ...

Capstone Project

What second topic have you selected for this assignment? Explain.
I have selected corporate or white collar crimes for the second topic. The last few years witnessed the scandals in the global corporate scene among the U.S. and European companies and their counterparts in the other parts of the world. Corporate crimes are synonymous to “Corporate frauds,” “corporate breakdown,” “accounting scandals,” “corporate scandals,” among others, have been tagged to these corporate controversies (Ball, 2009). One of the best and most popular examples of corporate crimes is the case of Enron. This happened some years ago and such type of ...

Abstract

Family businesses are managed in a centralised system and process. Corporate governance on the other hand refers to an impersonal system of managing and directing firms through a series of rules that promotes transparency and systems. This paper examines the two concepts and synthesizes them in relation to how they relate to each other.
The paper identifies that family businesses are not bad. Rather, they promote efficient and effective internal controls that lead to very good performance profiles. However, the study identifies that in cases where the firm expands and grows significantly locally and globalises, there is the need ...