Partnership College Essays Samples For Students

Introduction

Sole proprietorship, partnership, and corporation are the three of the four main forms of business organizations. One is required to understand first all the features of these business organizations before establishing one. Regarding the ease of formation, the sole proprietorship and partnership business organizations are easier to form than a corporation. The management of these two forms of business is also easier than the management of a corporation. Consequently, the present paper delves into the characteristics, benefits, and drawbacks of each of these business organizations.

Sole Proprietorship

A sole proprietorship is essentially a form of business organization, which is typically owned, ...

Introduction

A collaborative working in social and healthcare setting is very important for the defenseless individuals or patients needing due attention. There are numerous benefits associated to working collaboratively, however some of the important are the seamless evaluations for the information to a couple of experts, reformed the flow of information amid the experts, enhanced efficacy of care setup comprehensively, integrated care provision, and advanced blueprinting and commissioning care for ensuring complement attitudes to be represented by the social and healthcare establishments instead unsettling each other. However, there are as well issues linked with working collaboratively but the benefits overcome ...

The America youth population comprises about a third of the total population although the 2013 census showed that there was a decline in this figure. Children are taken to school from their early years of childhood to be taught and educated. By the onset of the teenage years, they are eligible to join colleges and universities to specialize on various courses and various fields of study. Equipped with this knowledge, the youth can now apply the knowledge leant to positively contribute in raising the GDP of a country. Before we enter deep into critically analyzing the input brought into multi-agency partnerships by ...

PARTNERSHIP AGREEMENT

This Partnership Agreement is made on 24th December, 2014 between Makle Construction and Capitol Home Improvement, LLC
The parties hereby form a partnership under the name of MakCap Company to produce Housing Units. The principal office of the business shall be 2635 Las Lomitas Dr, Pleasanton, CA 4746.
- Term

The partnership shall begin on 1st January, 2015 and shall continue until terminated.

- Capital

The capital of the partnership shall be contributed in cash by the partners as follows:

A separate capital account shall be maintained for each partner.
Neither partner shall withdraw any part of their capital account.
Upon the demand of either partner, the capital accounts of the partners shall be maintained at all times in the proportions in which the ...

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 ...

Business

Supporters of Trans Pacific Partnership:
The Trans Pacific Partnership (TPP) is originally being a concept to create a free trade zone amount the members of the Trans Pacific Partnership Contract. It is a contract between the countries which binds the countries to perform the business in the state and the individual level according to the contract or the principles. At the moment there are twelve active members, including the United States of America, Australia and Malaysia. (Tamny, 2016)
The supporters of Trans Pacific Partnership Contracts say that the by signing the contract, one country opens the home market for ...

Sole proprietorship is the most common form of business where one person performs all the functions required to form a successful business. The business owner carries the responsibility for all the liabilities and said to be self-employed. When two or more people decide and start a business together, they form a business partnership. This partnership may be general partnership or limited partnership. In the general partnership, the partners carry equal aspects of the business including the liabilities of the partnership. Unlike sole proprietorship, partnership may have an unlimited number of partners responsible in the ownership of the company.
Sole proprietors have ...

Academic or Professional Institution

In the real world, health administrators at Kaiser Permanente must consider the rational and important choices set before them. Business and delivery management practices create an organizational environment that determines the enterprise’s decision, quality of performance, styles of bureaucracy and any formal changes which must comply with governmental regulations or reforms. This discussion covers five elements pertaining to the leadership coalition in terms of relations and functions of Kaiser Permanente. According to Kochan et al. (2013) this Kaiser Permanente (KP) partnership represents “the largest, most longstanding, and most innovative labor management partnership in the nation’s history” (p. ...

Negotiating and the Collective Bargaining Process

Part 1
Leadership Management Partnership (LMP)
The purpose of Kaiser Permanente and the Coalition of Kaiser Permanente Unions (LMP)’s was to develop a joint strategy to develop organizational change and environment of continuous learning and improvement. In addition, it is linked to the involvement of employees in decision making. It is considered the largest and longest-operating partnership in the U.S. (Labor Management Partnership, 2017).

Union Name and Type of Union

One of the 28 unions in the partnership was United Food and Commercial Workers, Local 7, Professional and Health Care Division. As described earlier, the union was a local union just like other 27 ...

”A partnership is the relationship which exists between persons carrying on a business in common with a view to profit” (Gooley, 2003). Partners may decide to commence their partnership business with either a written or a verbal agreement. The written agreement generally known as a Partnership deed lays down the basic principles for running the business such as division of work, sharing of profits and losses, settlement of liabilities, appointment and removal of partners, settlement of disputes, dissolution of partnership and the like. ”In the absence of such an agreement, the Uniform Partnership Act, a set of laws pertaining ...

Introduction

In this paper, the author analyzes the case on the troubled alliance between Volkswagen and Suzuki, two of the biggest and most popular auto-makers in the respective regions that they cater. Suzuki is famous for their small, petite, and fuel efficient cars in Asia. Volkswagen, on the other hand, is famous for their powerful, elegant, and fuel efficient cars in Europe and the Americas. Because of the theory that was posed earlier suggesting that in the current industry environment, most automobile manufacturers are on a constant lookout for more ways to expand—the fastest way possible. From the start, ...

Real Estate Investment

Investment in real estate is a crucial means of investing government funds. There are various suitable equity vehicles which can enable a government to invest in real estate. Investment in real estate may affect the structure of the global financial markets because it will lead to a stiff competition in the market (Baum, 2009, pp 18). Investment of government pension fund of Norway in real estate is supported by some of the Norwegian investment features which are considered as best practices in the international markets. The aim of the government pension fund in Norway is to save and promote an intergenerational movement ...

WHY MANY FEMALE ARCHITECTS CHOOSE TO REMAIN INVISIBLE WHEN OPERATING WITHIN A MALE-FEMALE ARCHITECTURAL PARTNERSHIP

In the architectural practice, the majority of the women architects have chosen to operate as invisible while operating within the male-female architectural partnership. The women are typically invisible based on leadership, academic success, and merit in practice. The paper will discuss the personal and professional reasons among the females to involve themselves in a male-female partnership. Some people argue that the women devote themselves in the partnerships for romance purpose. Furthermore, the historical timelines of the male-female partnerships will be useful in creating more understanding on the topic. Our argument will be based on those women that who have ...

For the first time, the initiative of the Trans-Pacific Partnership (TPP) was put forward by New Zealand, Singapore and Chile in 2003. In 2011, after the accession of the US the concept of the agreement was essentially changed. Since 2011, nine countries were conducting negotiations on accession to the Trans-Pacific Partnership: USA, Australia, New Zealand, Malaysia, Singapore, Vietnam, Brunei, Chile, and Peru. Canada and Mexico joined the negotiations later, and in 2013, Japan joined them. Currently, these countries make up the basic structure of the partnership. There is a possibility that the Republic of Korea, as well as Taiwan, ...

Introduction

It is thought that the European Union, besides other markets, has liberalized the employment market by lowering the level of regulations in this sphere and enabling people from each Member State of the Union to become employed in any Member State. This has taken more than fifty years of deliberations and negotiations between the sides.
Among the main instruments, which have been used during this procedure, we need to list social partnership and social dialogue as the procedures aimed at reaching consensus between the social partners.
Additionally, the European Union as a result of implementation of the previously discussed ...

Agency is a legal relationship presupposing that a person represents another person and has a right to act for him/her. The person acting on behalf of the other is the agent. Principal is a person who the agent acts for.

The agency can be created:

Duties of an agent to the principal:
Duties of e principal are stated in the contract and include:
A principal is bound by the contract if the agent has the actual authority or the apparent authority. Actual authority can be express (based on the written or oral words) or implied (interpreted from words or conduct of the principal)
Apparent ...

Based on the rules of agency, Cakes to the Extreme is not liable to the customer, unless general partnership C was an agent of Wilbo in a undisclosed principle-agent relationship.. The rules of agency apply to relationships between principals and agents. In an undisclosed relationship, both partnerships are liable to the third party.

Big burgers is not held liable for the sick customers if it is found that the member of staff did not have either actual, implied or apparent authority to act on behalf of big burgers. The business owner relies on the on the employee to serve the ...

Partnerships

Our small business needs to consider the requirements of starting a partnership group by taking into consideration our goals and objectives in the business and where to obtain the financial requirements and planning. All members need to sign a Legal Partnership Agreement Act of 1895 in accordance with law and follow the policies in it as liability is unlimited for each partner. WE will also discuss on the amount of tax contributions that every partner should contribute (SBDC, 2015 p. 1).
In as much as there exists two types of partnership namely general and limited partnership for our enterprise ...

- Advantages and disadvantages of partnerships:
A partnership is a form of business ownership that results from the association of two or more people in co-owning a business.

Advantages of partnerships:

- Partnerships have little start up restrictions and other than the setup of the partnership agreement, everything else is simple.
- Partnerships enable the pooling of resources i.e. capital, skills and borrowing power thus people can invest more as a group than as individuals.
- Partnerships offer better chances at specialization than sole proprietorships since partners can assign roles depending on skillsets and get the benefits of specialization.
- Partnerships ...

Introduction

Collaborations among non-profit organizations and other entities provide an opportunity to share information and resources. It is imperative because it enhances information and resources to reach larger communities, expand developmental programs and services. Additionally, it leverages the comparative strengths of partners hence creating change more effectively. However, collaboration is effective during the times when there is an increase in the needs and decrease in the available resources. This implies that collaboration can act as an innovative approach used to build programs with limited resources because it gets support from funders. However, for collaboration to turn out successfully there must ...

Executive Summary

Procurement and Supply Chain Management P&SCM are two of the most important functions that inevitably lead to the creation of a high level of value proposition for an organization’s customers and stakeholders. The objective of this paper is to focus on a preselected organization that can make use of improved ways how to do their operations from a procurement and supply chain management perspective. In this paper, the organization that the author chose to focus on was Education Above All Foundation (EAAF).
In this report, the EAAF’s fundraising and partnership building department were emphasized. The goal was ...

the Trans-Pacific Partnership Agreement

Government or Governance and the Trans-Pacific Partnership Agreement

Government or Governance are two different issue that deal with several of questions and issues about modern society. Problems are much more complex now, than they were a century ago. Government is only one part of modern society. The backbone of government is the ability to have power that is created by laws, regulations, and impressing taxes on the people it is supposed to govern. Modern society also includes the business sector that remains in power as long as there are consumers to buy whatever the business is selling. Society gives the business sector power ...

Protectionism refers to the policies purposed to restrict the import of goods and services. The practice has been around for a while, seen as a form of national protection. There are many forms of protectionism, but the most common are tariffs. Tariffs are taxes inflicted on imports of a particular product (O’Brien and Williams 110). The taxes imposed go to the government of the importing country. However, protectionism has recently taken the form of non-tariff barriers such as import quotas, subsidies to domestic firms, administrative regulations, among other forms. The paper addresses the issue of protectionism and the ...

A business entity can be organized in a number of ways depending on the forms its owners choose regarding legal liability and income tax treatment. There are four types of businesses which include;
- Sole proprietorship/sole traders
- Partnership
- Cooperatives; and
- Corporations
Forms of business organizations refer to aspects such as risk bearing, ownership, control and distribution of profit. One’s choice of a business entity depends on certain factors like the objective of the business, nature, capital required state of control, the scale of operations, legal requirements and so on. It is therefore ...

Introduction

The case dwells upon the situation, in which a new Major Accounts Management, Zain, who recently joined the organization Zoro Stationary, found himself, ones trying to adjust to the new environment. The reality demonstrates that the previous experience of this professional, which encompasses over ten years in one of the major regional clothing and household retailers allowed good insight into the purchasing and customer behavior. The challenges, associated with the change of the industry, corporate culture and personal diversity, however, built on a number of difficulties in adapting his skills to the new role.
The learning process within the ...

Introduction

Choosing the most suitable legal structure for business has never been an easy task. Each form of legal entity has its inherent advantages and deficiencies. The case of Sarah and Jonah is not an exception in this regard. Deciding to settle a wine importing business requires careful examination of the determinants a ultimate legal structure. They include the amount of statutory fund, the number of founders, the way the want to limit their liability for the debts of a newly formed business, future growth prospects of the company and many some factors.
Thus, the purpose of this report is ...

Domestic violence is a behavioral pattern wherein a person or a partner attempts to exert control of power towards the other person by inflicting physical force, threats, and intimidation. The behavioral pattern includes emotional, psychological, sexual, verbal, spiritual, financial, physical abuse, and stalking or threatening behaviors. Any person can be a victim either rich or poor, racial or ethnic group, educational background, sexual orientation, age, and religion.
Domestic violence abusers come from all backgrounds as victims do. Abusers share their characteristics that they attempt to justify their behaviors as abusive. They fail to take proper responsibility for the abuse, use the same ...

Business Entities, Laws and Regulations

When establishing any venture, one has to decide the kind of business entity to operate. The nature of the business entity is necessary in the determination of return on income tax that the owners have to file. Furthermore, the laws and liabilities are applied differently depending on the legal terms binding the business entity. The common types of business entities include sole proprietorship, partnership, parastatals or State Corporation, and the company. Consideration s on the legal and tax implications are overriding factors before one chooses the business entity. This piece of work considers different case scenarios that determine the ...

An administrator can build partnership between the agency’s formal and informal structures in a number of ways. To begin with, administrators can ensure this partnership by clearly defining the mission, procedure and policy at the organization. Further, according to Stojkovic, Kalinich and Klofas (2015), this partnership can be created by ensuring an inclusive, democratic and interactive working environment in which the personnel are comfortable while at work in the organization (p. 23). Moreover, this can be done through an open-ended decision making process that ensures that all the stakeholders within the formal and informal structures of the organization ...

Business Organizations

Important tips for the business persons
Business communities are concerned to a variety of business laws to meet the legal codes and standards setup through by the federal governments. Every businessperson should expert by having the knowledge of essential business laws to gain the great profits in future. These essential laws include; basic legal principles, contractual laws, the uniform commercial codes, property right, employment rights, external and internal business relationships, business laws of 21st century etc. The study of essential laws of business saves the time of businesspersons and conflicts with the competitors in the markets .

Forming the sole ...

Property disputes between cohabiting couples on the breakdown of a relationship seem inevitable, particularly where the shared home is in the sole name of one partner.

Introduction

In the UK, the number of unmarried couples has twice increased since the middle of the 1990s. It rose to nearly three million, while the number of children living with unmarried parents has risen from 0.9 million in 1996 to 1.8 million in 2012 (Papworth, 2013, p. 1). Also, there are about 6,000 same-sex couples, who are not in a civil partnership and who have children.
Virtually, there is no significant change in ...

Importance of Corporate Finance for Managers

In any corporate business, the main goal or responsibility of the managers is to maximize the worth of shareholder’s investment in the business. Therefore, all the actions and planning of the managers must be focused on the benefits for the business and their shareholders. There are two sources of finance for the managers of any business. These sources of finance are debt and equity. Both debt and equity finance has their specific importance for the managers and advantages for the business and shareholders. (Tatum)
The importance of corporate finance for managers becomes more vital when they have ...

Business Strategy

Strategic Alliances: A Critical Analysis of Successful Alliances toward Knowledge Creation and Management
Introduction
Going beyond the current trends in the business literature on strategic alliances, this paper explores ways strategic alliances are helping organizational firms gain competitive edge, more particularly through opening the access to markets and eventually in the creation of knowledge. This is followed by analysis of issues surrounding strategic alliances, current business examples and challenges faced by organizations that form alliances. Finally, we conclude with a brief take on the future of strategic partnership and knowledge creation research.

The Meaning of Strategic Alliance

Since becoming a trend three decades ago, ...

Business Law

Business Law
The most important aspect when launching a new business is to determine the type of business structure to be able to make the business a successful venture in view of the legal and tax implications that are part of the selected business structure. The six types of business structure shared on U.S. Small Business Administration (2016) website are as follows:

The most basic form of business type and is owned by one person, form a legal standpoint the business has no separate legal identity and the owner can be sued in their own name and the owner ...

AMP uses digital marketing tool to market its services. Advancement in technology presents the company with a chance to market its services via the use of the social media. For instance, the AMP provides information to its clients via the use of its Facebook page. The clients take the initiative to provide the company with feedback by commenting on the posts placed on the Facebook page. Besides, AMP also uses its website to market its services to the clients. Its website provides important information about the services it offers among many others. It is through this information where it ...

1.
Policing involves complex roles and responsibilities in today’s current time. To be effective in the performance of their duties, there are important strategies that are considered to be the most relevant and important to the police authorities. Community policing and evidence based policing are two important strategies that will enhance the ability of the police officers in addressing the constantly changing environment involving crime and disorder. Community policing generally involves the collaboration between the community members and the police in identifying and solving problems affecting the community. The concept of community policing introduces the new perspectives providing ...

Recommendations

In as much as both TECA and TPP are beneficial partnerships, they can be improved upon in order to maximize the benefits they offer to the individual partner states. For instance, in as much as the agreements were reached bilaterally, implementing the necessary legislation that can allow smooth operation of the agreement has hitherto been a challenge to some signatory states to the partnerships. Such is the case especially for the TPP which has 15 signatory states. As Aggarwal and Urata, (2013) documents, countries not only need the requisite legal, administrative and regulatory frameworks to see the statutes of ...

The world contains many high-powered couples whose love and business prospects are complementary and whose individual attributes are stronger when joined. When the aspects of love and business are properly leveraged, solitary endeavors are not as strong as a combination of those endeavors. In Mark Twain’s, “The £1,000,000 Bank-Note,” Henry and Portia view their partnership of love and business as enhanced when they work in unison and achieve much greater financial security than if they worked individually.
In the beginning of the story, Henry Adams describes his solitary existence in San Francisco in which his work put ...

Management

A limited partnership is where the partners are limited to the amount of capital they have contributed in the partnership business. The partners in a limited partnership are only entitled to the share of profit of the organization in the ratio of their capital contribution. Limited partners do not participate in the management of the partnership. Limited partners, unlike general partners, are not liable in case the partnership operates at a loss. Limited partners participate in dividend payment at the end of the financial period. A creditor may be considered to be in a limited partnership, in the partnership. This occurs when ...

This paper compares the differences between Islamic Musharaka and Conventional equity investments. It contains a detailed discussion on both financial models accompanied with a brief comparison of the two at the end. The following aspects of the Musharaka and Conventional equity financing contracts have been covered.

1. Introduction to Islamic and Conventional financing systems
2. Brief over view of both modes of financing
3. Types of both modes of financing
4. Commencement of agreement
5. Contract terms and conditions
6. Termination of contract
7. Risk of loss
8. Ownership provision
9. Expense consequent ...

Business is one of the most revenue earning activity to both the nation and individuals. Arguably, there are various major forms of business ownership in the world today. In most case, choice of business ownership depends on group or individual objectives, capital, number of members, as well as the outcomes of the business ownership. This business ownership includes partnership, sole proprietorship, corporations, as well as limited liability companies. Each of this business ownership has various advantages and disadvantages.

Certainly, compared to other business ownership, partnership can be bad or good. One of the pros of partnership is that it ...

Strategic Account Management

Introduction
Rapid technological advancement and ongoing globalization brought both advantages and disadvantages for the businesses. It became easier to reach the customers all over the world without moving the assets to the foreign market, but at the same time, the businesses have to become more flexible, adaptable, and innovative to attract and retain customers. As the barriers for entrance were lowered in a lot of fields, the competition increased drastically. Consequently, many companies are searching for the new strategies to attain organizational goals. In the modern business environment, a lot of businesses try to obtain competitive advantage and attain ...

Brand Audit

Tandem Bank
Tandem is a digital banking start up company, led by Azimo Group. Founded by Ricky Knox and Matt Cooper, the organization successfully drawn its path to th challenging financial market environment in the United Kingdom. The Tandem Bank aims to offer breakthrough innovation into the banking sector, by comprising the market offer whih competes with the giants of the UK banking industry through the digitalized solutions and mobile-centered technology. The Tandem is a fighter from the initial stages of its existence, going after external financing and winning this challenge by attracting over £100 million in investment. In ...

Study

Will Manuel Perez prevail in invalidating the arbitration clause? Why or why not? Identify the ethical concerns regarding Walexron’s approach to the arbitration process and recommend actions Walexron could take to remedy the ethical concerns.

Manuel Perez has high chances of invalidating the arbitration clause in question for several reasons.

Firstly, the case materials indicate that there is no applicable arbitration clause at all. Thus, in Staschiak v. Certified Logistics, the court made a ruling that if there is a special disclaimer in the employee handbook, it may not be considered as a part of the employment contract. In addition, this ruling stipulated that the employment agreement should contain a specific reference that ...

Abstract

While starting a business is the dream of millions, one of the most important first steps for any potential business owner is to understand and evaluate the different types of business organizations that are possible and choose the one that would most effectively help the owner realize their business goals. The five most common types of business organizations are: sole proprietorship, general partnership, limited partnership, limited liability corporation and a corporation. Each type has its advantages such as management control or limited liability; as well as its disadvantages, such as unlimited liability and high tax rates. Indeed, exposure to liability or ...

Analysis of Bedove’s Decision to Develop Windows Phone in Partnership with Microsoft

Introduction
Management’s decision making is a crucial foundation for an organization and better decision making results to effective problem solving that has a great ability to improve organization’s performance. In that respect, the quality of decisions made by management is important hence forming the objective of this discussion which seeks to analyze a decision made by an organization’s management. To achieve the objective, the discussion refers to Bedove’s need to partner with Microsoft for purpose of using Microsoft’s windows for its touch screen mobile phones as a strategic way to enhance competitiveness. To begin with, the discussion ...

Q1
A competitive advantage for a company is the game plan that management comes up with to secure market share or a competitive advantage. The company adopted a lower cost provider strategy by providing alternative car model, which is $5,000 less than fuel car in the US market. This was a strategy to counter fuel car manufacturers. The business could not have impacted if the prices of electric car were same as fuel cars. The company further employed a strategy of partnering with electric car providers with an aim of edging out competitors within the electric car battery service providers. The low ...

1. Identify the pro and cons of partnership as a form of ownership.

Partnership is a form of ownership in which there are two or more people managing the business and who are all personally liable for the company’s debt. In common law countries under partnership it is common to understand general partnership, where all partners participate in the management of the company and are liable for its debts. However, most countries have additional types of partnerships. Thus, limited partnerships allow some of the partners to relinquish their management rights, thus limiting their liability for company’s debt. Limited liability ...

-3: Title VII Violations. Discuss fully whether either of the following actions would constitute a violation of Title VII of the 1964 Civil Rights Act, as amended.
1. Tennington, Inc., is a consulting firm and has ten employees. These employees travel on consulting jobs in seven states. Tennington has an employment record of hiring only white males.

2. Novo Films, Inc., is making a film about Africa and needs to employ approximately one hundred extras for this picture. To hire these extras, Novo advertises in all major newspapers in

Southern California. The ad states that only African Americans need apply.

In this case, since Novo Films, Inc. is intending to make a film ...

The legal system of the Brazilian organizational culture, in general is regarded as a closed system where leaders hold strong responsibilities, paternalistic patterns, rigid values, and highly centralized hierarchical structures prevailing in the business environment.
It is evident that each nation in the world has its distinct set of laws that govern its people and how it relates to other nations. Even though each legal system has its distinct characteristics, there exist three basic classifications of legal systems: Anglo-American Common Law, Romano-Germanic Civil Law, and Islamic Law. The legal system of Brazil is classified as Civil Law Code and is ...

Midwifery is a vital profession in the world. Since its inception as a program run to assist medical practitioners in early 1970s, it has grown to become one of the most recognized medical practices in hospitals (Page & McCandlish, 2006).There are various factors that affect midwifery and hence midwife-woman partnerships. Some of them include the political and socio-cultural factors as shall be discussed in this essay. The cultural factors involve the relations of the woman and the society’s constructions of the ways of life of the people and the overall policy in the conception and delivery of babies. Every ...

Wal-Mart, the leader in supply chain management is a role model for many new companies that want to integrate a successful supply chain system into its enterprise. The success of Wal-Mart, lies in its innovative approaches it adopts to make the supply chain effective and sustainable. Wal-Mart never adopts a “one size fits all” attitude when it comes to supply chain management.
One of the famous innovative strategies that Wal-Mart adopted to improve its product flow efficiency and profitability was to invite its leading suppliers to enter into a supply chain partnership. This enabled vendor managed inventories, category management ...

Introduction

There are several options open to Acme Fireworks. As a sole proprietorship, the owner is able to hire employees. The biggest benefit of a sole proprietorship is the easiness of dealing with taxes and the easiness of running the business. There are some drawbacks to being a sole proprietorship, such as the fact that the owner is personally liable for any legal situation that arises through various contracts or business deals (Dishman, 2010). The owner of Acme Fireworks should strongly consider upgrading his sole proprietorship because the business contracts appear like they may be permanent; regardless, as Acme is ...

In 2009, a large-scale surveillance program, run by The Consulting Association, was exposed. The company collated information of thousands of workers and sold it to 44 construction companies. Many of the workers were blacklisted for their unionization or for raising health and safety issues in the industry.
The case of the construction industry in the UK highlights the challenges union workers and trade unions may face. The story highlights the negative perception of TUs( Trade Unions) in employers' minds and the pernicious roles these unions may play in fostering the interests of employees, especially in the industries that house ...

There are various forms of business organizations which define how business units are structured. It is usually the primary responsibility of the owner or owners of the business venture to determine the form in which it operates. While making this decision, the entrepreneur needs to have several variables in mind with respect to the various forms of business organization as anchored in the law. There are four main types or forms of business organizations recognized by law namely sole proprietorships, partnerships, corporations and cooperatives. One of the variables considered is the issue of capital to venture into the business. ...

Question 1

- Describe the different types of costs associated with inventory.
Inventory costs can be divided into three main categories, namely purchase costs (the cost of procurement), storage costs (maintenance) and costs related to the lack of goods (shrinkage). Purchase costs (also called as the costs of order preparation, especially when it comes to production), or restocking are economic consequences caused by direct orders, that is, costs that arise every time the company place customer’s order. These costs can be divided into two parts: the costs directly for the placement of the order (they can be persistent and ...

Affiliated Institution:

1.Introduction
Carbonated drinks like Coke have been popular in the US market for a long time. Even so, this trend is slowly changing as many people are shifting to non-carbonated drinks for health reasons. Carbonated drinks have negative effects to the body as they cause diseases like diabetes, obesity, and cell damage. As such, the report on non-carbonated soft drinks is important as it hedges consumers from the diseases that arise from the intake of soft drinks. For purposes of this research, Lipton ice tea will be used to give a clear picture of the marketing strategy employed for non-carbonated ...

Brief interpretation

I have a great business idea of investing in a new kind of home appliances, to meet consumer needs. My workings around homes has enabled me identify this niche. However, my income and lack of managerial skills cannot allow me fund the project. There are similar kinds of product but they are inherently dangerous. I lack manufacturing knowledge other than the process is costly.
However, there is a range of application use for the product. My spouse is not convinced that the project is viable; she worries of the family time to be lost in the project. I give her examples ...

The director owes a duty of care to act in a diligent manner that pertains to the affairs of the company. It is the duty of directors to avail themselves for meetings as an obligation towards the successful running of the enterprise. Neglecting meetings and failure to observe due care while passing resolutions that may cause the company to experience issues may lead to the director being held personally and wholly liable for the damages arising. A director who knowingly votes for an illegal action will be held personally accountable for their actions. The director’s duty of care ...

Innovation

Executive summary
Business organizations have implemented and embraced different organizational strategies that have contributed positively to the performance, and general business productivity. Product innovation strategy has been one of the strategies used to improve product performance and increase sales within an organization. Innovation models are important features of a successful organization. Advanced technology has led to the use of improved business strategies in increasing productivity and performance. Business organizations have embraced different changes in the social and technological aspect to provide products and services suitable for customers. Multiple innovation models may be incorporated into the business strategy to provide ...