Sole 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, ...

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 ...

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 ...

US 311: Business Law I

You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed the entity. The owner has informed you that the company has received inquiries from several large businesses wondering if the company could create several fireworks displays on a regular basis. The owner told the inquirers that the company could fill such display orders, and ...

Change of Business Entity

Introduction
Starting a business as a sole proprietor has its advantages and disadvantages and with development, it is normal for entrepreneurs to consider converting to other business types that have better terms. Some of the primary benefits of this sort of business include; the owner has full control of the company operations, can sell or transfer ownership, and does not incur tax whatsoever. Furthermore, the entrepreneurs spend less on acquiring the legal documents as compared to the other types of business. However, entrepreneurs operating in sole proprietorship are held responsible for any business debt or liability unlike the other ...

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. ...

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Introduction

A sole proprietorship is an organization that has one owner who deals with the companies needs like paying for the income tax. Also, it does not get support from the government and also the simplest to form. Moreover, the sole proprietorship has different benefits and disadvantages just to mention a few the formation of the business is not hard and one is his or her boss. However, the disadvantage is that one pays tax personally. Also, Welch cannot be held responsible for the unpaid debt because they are limited liability partners because according to the ...

Business Considerations for Acme Fireworks

[Institution Title]
The risk of going into business is always great especially for sole-proprietors. A sole proprietor is one who single-handedly operates and handles the business. From a legal standpoint, a sole proprietor is identified as a single entity who acts as both the owner and the business itself . Given this distinct feature, a single proprietor therefore, maintains all legal accountability for the business particularly in terms of finances. In the case of Acme Fireworks, it is a small-scale business which rightfully started out using the sole proprietorship business type because it was able to take advantage some of the salient features of ...

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 ...

Visual Analysis

Sole Power
Engl 104
24th, May, 2014
Visual Analysis – Sole Power
Introduction
The purpose of this essay is to analyze the visual rhetoric of the “Sole Power” advertisement poster and to understand how it is influencing the viewer, and it will discuss the subtle message it wants to convey to its present consumers and potential buyers.
There are two prominent colors in the image, black and, green, with black present on sole of the shoe, which is straight and vertical not tilted in any way and Green surrounding the sole extensively. Footlab Company ...

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 ...

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 ...

Business Law

Business Law
- The three ethical frameworks discussed by Halbert and Ingulli (2012) include free market ethics, utilitarianism and deontology (rights and duties). Free market ethics focuses on the main objective of the business to be profitable. In this case, the manager has the sole responsibility to improve the value of investments from shareholders. Therefore, if the manager fails to run the company, he is answerable to the company owner. Money-making must also conform to the fundamental rules of the society. For example, there is a growing demand of oil all over the world, while there is renewable energy, ...

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 ...

If Chick-Fill-A was a sole proprietorship it would be owned by and individual. The name would be a fictitious name registered with the government. The setup of the company would have been easy and would require little paperwork. As a sole proprietor, the business would have most likely not grown to the empire that it is currently. If it were a sole proprietorship, Chick-Fill-A would have experienced difficulty in raising capital. The initial funding would have come from the owner but raising additional capital for expansion would be difficult as the business cannot issue stocks or generate money in ...

Business Organization

Business Organization
The businesses are organized in diverse ways whereby, the form chosen influences the owners’ liability and the company treatment of the tax. The most common types of the business in the global are the proprietorship, partnerships, corporations, and limited liability companies. These forms of the business have different structures, the number of members and amount of capital.
According to U. S Small Business Administration (n.d), the partnership is the best form of the firm. It is the form of the business where two partners agree to participate in business. Each party is expected to contribute money, skills, ...

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 ...

In the corporate form of business, the corporation is a referred to as a different entity to the shareholders. The main advantage of the corporate form of business is the reduced liability. In this case, the shareholders of the business organization are not considered as liable to any contracts of the corporation. They could not be sued personally for the negligence and debts of the business organization although they could lose their stocks or their investment within the corporation. Corporations could also have proper long-term plans which are separate from the plans of the shareholders. Since the corporation is ...

Intensified Research of Ridley Scott

Intensified Research on Ridley Scott
There have only been a handful of filmmakers who had been able to stand out from the crowd of great film personalities that ever flourished in Hollywood. These filmmakers may not be the ones who made the most popular film in the world or the ones who made the most critically acclaimed or commercially successful films yet. Instead, these people are the pioneers that proved how significant movies can become for popular culture by influencing almost a couple of decades of filmmaking and/or lifestyle choices. Works of this handful of filmmakers, hailed as classics ...

1. There re four different types of business organization that exists. They include the following:
Sole proprietorship- Sole proprietorships are own and operated by a single person. Advantages to a sole proprietorship is that it does not have to file corporate taxes, On the other hand, sole proprietorships have to file all earnings on the personal tax return. The liability for sole proprietorship lies solely on the owner.

Corporation

There are S corporations and C corporations. S corporations can only have 100 shareholders and are single taxed. An advantage is that shareholders also play into the corporate taxed which reduces ...

Communication can be described in so many ways according to different people. However, all these definitions and description can be gathered and combined to give an account on what is communication. Communication is a process of encoding and decoding information. The message sent is the content information and must have a meaning. According to Sole (2011), communication is the process of transforming information, ideas, emotions and skills by use of symbols, words, figures, pictures and graphs with a specific meaning. Communication is an activity that all people should participate.

However, communication is often challenged by obstacles and barring. Barriers to effective ...

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 ...

Introduction

All health centers have a common goal; to provide the best health care services to all patients. This makes it necessary for the medics to work as a team. This paper details major differences between a team and a group. It also entails the sets of established teams. They are high performance teams, functional teams, and struggling teams (Stanley, 2011, p.189). Major differences between teams and groups have also been outlined. Communication has been mentioned as a crucial element of any effective team, on which key concepts of team building are based.

Differences between a group and a team

A group is defined as a number of people put together (Kowalski, 2011, ...

In the latest report by the World Business Council for Sustainable Development (WBCSD), the current trends of urbanization and rate of consumption is increasing at an alarming rate that has the entire world worried . Currently more than half of the world population resides in urban areas. This form of settlement has is set to increases along with the world population as it slowly and surely nears the 8 billion mark. Countries such as India, China, Brazil and the rest of the Asian ‘tiger’ economies are the front of the statistics . The west and other developed nations are also facing ...

Introduction

An organization is regarded as an entity that is made up of people with a collective objective and is connected to the external environment. Hence, a business organization is a group of people collaborating to achieve a commercial objective (Handy, 2005). Toyota Motor Corporation is a Japan based auto manufacturing company with its headquarters in Toyota, Aichi. The company was ranked as the 13th largest in the world in terms of their revenue. It was the largest automotive manufacturer in 2010 ahead of the Volkswagen group and the general motors in terms of their production. The Toyota motor company ...

Acme Fireworks

A number of factors are to be considered when it comes to taking the decision of the most favorable business structure for a specific commercial venture. Given the situation of Acme Fireworks, the pros and cons that need to be weighed before deciding on the business structure include the offering of highest protection, the highest investment return, and the most favorable rates of taxes. When there is a need for liability consideration, along with needs of employment and huge contracts, the recommendation to Acme Corporation owner would be to amend his status from the present sole proprietorship to a ...

Introduction

Modern global economic system is a considerably distinct from the dogmatic frameworks of political economy (Mankiw, 2014). Professor Blanchard contests that extreme increase in production and substantial automation of the business processes have seriously changed the global economic landscape (2011). In order to stay competitive the companies have to develop and implement new business solutions, as well as they have to stay socially and environmentally responsible (Goldin, 2014). In addition, Gartner wrote that there is an increasingly important need to stay in line with the perpetually evolving customers’ preferences (2006), and the smallest disharmony with their predilections may result ...

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 ...

Introduction

Business ownership and management play a vital role in the progress and development of a company. Certainly, there are different types of entities that follow particular policies of formulation and establishment. The Acme Fireworks is a special type of company considering changing its entity from the sole proprietorship. There are special laws that govern business contracts. Primarily, Acme will have to choose whether to go for those contracts governed by the Uniform Commercial Code (UCC) or the Common Law. The new business relationship that the company will enter requires a change in its entity formation, particularly because of the consideration of the laws. ...

Aliens Films (1979-1997)

What is the significance of events in films? Are all the bits and pieces in films intentionally included by directors? These are some of the questions I asked myself as I set out on a comprehensive analysis of the audience message in the Aliens Films (1979-1997). According to film analyst Greg Smith, different events in films are not to be treated as accidental encounters of random occurrence and spontaneity. They are instead purposefully planned series of events with cause and effect and with nothing left to chance (Greg 128). Greg explains that Hollywood films are inadvertently one of the most ...

Relationship of People to God

God has a very intimate relationship with man and through Adam with the rest of mankind. God made Adam of baked-clay and then as a special of his favor, owing to his deep-rooted love for hos creation, breathed His spirit into Adam. God insisted that angles, pure beings always singing the glories of God bow before Adam. The angels naturally protested but God, being the all-knower, knows what the angels do not. As a sign o what he meant he held a competition of knowledge about the nature of things, between Adam and the angels. Adam won and the angels prostrated before him ...

Introduction

McDonald is one of the largest food retailers worldwide. McDonalds has a chain of restaurants which are all over the world. It is famous for its burgers and its fast foods. McDonalds has matured to a large corporation and continues to broaden as it sets up more of its restaurants in various countries. The following essay shows the annual report for McDonalds.

(SEC 26)

Consolidated Balance Sheet

(SEC 28)

Consolidated Statement of Cash Flows

(SEC 28) (McDonalds Corporation Annual Report 2013)

Audit Committee Report

Dear Fellow Shareholders:
The Audit Committee is composed of four Directors, each of whom meets the independence and other requirements of the New York Stock Exchange. As ...

Men and women are physically and biologically different in very many ways. These differences in attributes have traditionally acted as a basis for lead to the allocation of roles and responsibility. While the men are viewed as bread winners and sole providers for their families, women are presented as child bearers and home makers. In the contemporary world, however, this does not seem to be the case. Women have taken a more aggressive role in the political, economic and social dimensions of life that were previously associated with their male counterparts. In reality, the notion that most non verbal forms of ...

INFORMATION TECHNOLOGY: MCDONALD’S

EXECUTIVE SUMMARY
Application of the information systems is essential for the organizations in the modern business environment. It signifies the methods which can improve the operational efficiencies of the business and at the same time assist in innovating new practices which may differentiate and create a competitive edge for the business. Application and effective use has been analyzed in this report using the example of McDonalds which is a leading player in the fast food industry. Innovating new methods helps the businesses in sustaining the competition from the competitors and proposing new methods which enhance customer satisfaction. The use of ...

Introduction

In property law a major area of contention is family property. Spouses may be left unprotected in the occurrence of break ups in marriage if the only rights they have is the evidence of acquired property while in marriage even with the contributions they have made in the family and the time and efforts put for the welfare of the family. Injustices may come up in cases where there is no family or financial contributions made by spouses as much as they have rights to each other’s property.
The approach of community property as a choice for the division ...

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 ...

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 partners are ...

Introduction

Debatably, marriage is one of the most important institutions in the community. Fundamentally, marriage concerns itself with the union of two individuals with the aim of establishing a family (Globalization; culture and education in the new millennium, 2004). Worth noting is the fact that in the olden days, marriage could possibly involve more than two individuals. This is because in most communities, polygamy was a normal social arrangement. Even so, polygamy is common today in some societies. For instance, the Islam religion permits a man to marry up to four wives. As such, the observers of the religion still bear some characteristics ...

As much as there has been the creation of employment opportunities massively generated by the oil industry in the Middle East and North African nations, there are still significant disparities on the level of women participation in the labor force as noted by Massoud and Moghadam (53). These disparities have been attributed to various factors, but the most outstanding reasons have remained to be two-fold; first, the traditional gender paradigm characterized by patriarchy play a significant role accompanied by occupational segregation which is mainly defined by disparities in the income level. This thesis paper explores the validity of the ...

Product Liability

The Precession Tools Corporation’s case scenario raises issues of liability of manufacturers and suppliers of products. The law of product liability provides for Strict Product Liability which requires the claimant to prove the product’s defect and that the defendant was engaging in it sell. The product must be dangerous for use, and physical harm must be occasioned to the plaintiff (Miller, 2010).
In the case of design defects, occurs where necessary alteration could reduce the foreseeable anomaly. The product is defective when foreseeable risk could prevent by providing additional warnings. As sellers of products, all that Procession ...

Business 311 Final Essay

Business
Introduction
Joe started his demolition company without apparent papers to legitimize the business. However, Joe’s with an advice of a friend did not comply with the required papers for business proceeded with his first job. Apparently, a fatal mistake occurred were Joe demolished the wrong customer’s house, which puts him and his business in a legal conundrum. The discussion will examine the three legal problems that Joe is facing as a result of not having business legitimacy and wrong job done.

Joe’s business is primarily involved in a contractual job, which makes him a contractor ...

Introduction

On the fateful afternoon of December 10 1981, during the Salvadorian war, several units of the renowned Atlacati Batallion, a section of the Salvadorian Army stormed the small village of El Mozote. They were all out on a mission to counter the guerilla insurgents in the region after a clash. The army embarked on interrogating the El Mozote residents for some time before they started brutal execution of the men on account of being sympathizers with the insurgents. The ordeal that lasted for three days left approximately 800 people dead, Men, women and children. (Danner, 2016)
The events and ...

ISI Company

BACKGROUND
Jim Willis is the VP (Marketing and Sales) for ISI, a US-based aerospace corporation. Jim is facing an ethical dilemma. According to Cox and Shawana (2008), Fred Ballard, Jim’s boss at ISI, has asked him not to disclose information on the changes in the launch dates of ISI’s satellite following an issue with the camera. Fred expects that the disclosure could have a huge negative impact on ISI’s current and future contract negotiations. The most important contract in question is an ongoing negotiation between HTC and ISI. The ultimate effect would be severe financial losses, ...

Indigenous Language

Introduction
Language is a very essential communication tool across the globe. It is defined to be the capability to use and attain different systems of complex communication that people use. There are many different language systems that are used all throughout the numerous races in the world. Linguistics is the scientific study mainly focused on language.
Way back in the 20th century, there had been so many arguments about the origin or language. One is that language arose from the logical and rational thought while the other argument would be it arose from emotions; Immanuel Kant is one of ...

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 ...

1. Introduction
National interests and sovereignty play very important role in the international relations. The paper will present the arguments for and against that humanitarian intervention as “national interest”, it will examine if it violates the concept of the state sovereignty and which international organization theory supports which arguments. Those arguments will be presented based on the Rwanda case. The research questions for the paper are: should state forfeit sovereignty if they fail to stop engaging in human rights abuses; who has the right to intervene; are organizations that indorse intervention able to carry out the mission; and does ...

It is always the desire of each person living to have a fulfilled life where they will live free of worries and anxieties. The steps towards such accomplishments are followed by various actions including working hard in life and even being nice to people. Everybody is usually looking for a secret towards success and once it is unveiled, everything will be done to ensure they get there. However, the definition of success defers from one person to the other and the level of hard work and commitment is not always the same. In an effort to achieve what somebody else has ...

Behavioral Finance Insights: Personal Finance and Planning

Behavioral finance is one of the new paradigms in the financial theory that aims at anticipating and comprehending the psychological financial decision making, especially of individual investors in conjunction with the systematic implications of the decisions in question on the financial market. Very simply, the basic premise of behavioral finance follows that individual investors or entrepreneurs tend to deviate from acting rationally in a utility-maximizing manner something that usually leads to business failures in the long-run. Essentially, behavioral finance does not substitute the existing theories on investment and finance. In other words, it complements and attempts to improve on their ...

You Are an Entrepreneur

You Are an Entrepreneur
The formation of a new business is the easiest task in any business. However, to expand that business and making it profitable is the main concern for the business owners with limited resources. In the current financial circumstances all over the world, it is becoming difficult for the small or medium size business to raise finance via share issue or debt. The main reason behind this difficulty is that the investors are losing the faith in the sustainability and the going concern issues of smaller and new businesses. Therefore, in these circumstances, it is very ...

Introduction

The presence of power signifies authority over a given territorial regime. Government plays a significant role over its citizens at any given time, the US government is divided into two; the national and state government, this is due to the presence and sovereignty of the constitution (Stuart, 5). This paper aims at evaluating the range of responsibilities and power that the state government has over its citizens. The citizens are obliged to owe unlimited obedience and respect to the state government, this is due to the scope of responsibilities that it exercises over its citizens. The state government of the US ...

Business Overview

Kudler fine foods vision commits to the need of providing quality services to customers, with customers taking the first priority in its activities. Kudler fine foods operate mainly in San Diego with shops in California and many other places in the United States of America (Phoenix, 2010). The business endeavors to be the premier food outlet for the people in the area in search of cheese, meat, and other foods all under one roof. The business has three shops in the state of California and considers their activities as free from direct competition. However, the need for competitiveness in ...

Essay Questions on Marketing

Q1. Identify three separate tools that can be used for analyzing a market and explain using examples how companies can use these to aid their decision making when planning to expand their export marketing operations
A PESTLE (political, Economic, Social, Technological, Legal and Environmental) analysis is one market analysis tool. The PESTLE factors are a framework for examining all the external factors that affect a business (Murphy, 2004). These factors are then weighed on how they support or impede marketing operations. They are a good indicator of growth and decline in a business. In addition, they can show the potential of a business, help ...

Adaptive strategies

Adaptive strategies is a term used to describe the changes that individuals, communities and households undergo in terms of rules and institutions in the long run in regards to productivity due to changes in the economy and the local environment. These changes aim at responding to the shocks and stresses that come with economic changes forcing them to respond differently in an effort to meet the changing demands of their livelihood. The adaptive strategies are a mix of locally induced and modified factors and innovation. These factors bring about changes that alter the normal way of doing things in the local ...

Part A

Traditional model of parenthood is traced to a time fathers and mothers had distinct roles to play in a child’s development. Fathers played a dominant role in the development of a child in the traditional western culture. Control of domestic affairs was a role left for the male of the family. The role of supervising a child continued into adulthood. The father’s influence was pervasive and often outweighed the influence of the mother on a child’s conduct. The father figure was the sole provider for the family. Fathers provided security for the family, thereby ensuring transcendence of their generations. They reacted to all ...

There are several religious traditions that exist in the world today. They vary from one traditional or indigenous group to another but the bottom line is, all of them are based on some traditions that different groups of people from all parts of the world come from. It is for a fact that all the religious traditions have specific characteristics that are helpful in describing all of them. For instance, Judaism has specific attributes that are characteristic to it and so is Christianity, Islam, Shintoism and all other religions. But a case in point, which is Shintoism, as observed by the ...

Sole Remaining Supplier

Sole Remaining Supplier

Key Utilitarian Ethical Problems

The key utilitarian ethical problems that confront the supplier transistor company in the case is one where the supplier had to choose between ensuring its own good or the greater good. On one hand, the supplier had to protect the company by ensuring that it does not become liable in any way for any problems that may arise from the development or use of defective pacemakers (Shanks, 1996), especially considering that many people were dying from their use at the time. On the other hand, though, if they stopped supplying transistors to the pacemaker company then ...

Shuzworld Suitable Method for Production of Sneakers

Shuzworld has given been given the go-ahead to produce Samba Sneakers by the marketing team. These brightly-colored sneakers will be aimed at teens and pre-teens and have colorized rubber soles. There are 3 options available for the production of the sneakers. They include using reconditioned equipment, purchasing new equipment in its Shanghai plant, or outsourcing to another manufacturing operation. The following is an analysis of the 3 options in order to determine the one which minimizes cost while at the same time maximizes the profits.
The reconditioning option requires Fixed Costs of $ 50,000 and Variable Costs of $ ...

- 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 ...

As the global economy deteriorates, the median family wealth falls dramatically, and the cost of raising children becomes more and more expensive. Parents are forced to plan their families and have only the children whom they can care for. The cost of bringing up a child stretches beyond food, shelter, clothing, education, health care, and transport. With the increase in the cost of food, gas, health care, education, and so on, child rearing becomes even more expensive. The overall impact is a decrease in family size. This paper analyzes the family size in two countries, Australia and Saudi Arabia. In particular, ...

Introduction

The first limited liability company (LLC) in the United States was established in Wyoming in 1977, and the next one was established in Florida in 1982; but it wasn’t until 1996 that the National Conference of Commissioners on Uniform State Laws adopted the Uniform Limited Liability Company Act (ULLCA) (Uniform Law Commission, 2012).
A LLC is a flexible type of hybrid business ownership that combines the limited liability of a corporation with the tax benefits of a partnership. LLC’s are owned by members, not partners or shareholders, and may be composed of any number individuals, corporations, other LLC’s, ...