...There are a lot of legal forms for businesses. In this paper, I will talk about these forms; sole proprietorship, partnership, limited liability partnership, limited liability company, S corporation, franchise, and corporate form. I will try to develop scenarios in which each of these forms of business would be the preferred form. For each scenario, I will justify why the corresponding business form is preferred. Sole proprietorship is the first form of businesses and it is the simplest form of business organization. The Sole proprietorship and the owner of the businesses are representing the organization. Forming the sole proprietorship is very easy and does not cost a lot and this is why it is the most common business in United State. The businesses owner is the manager and he takes all the decisions and the responsibilities including the hiring, and firing the employees. The sole business owner owns all of the business and has the right to obtain all of the business’s profits. For the past points, the sole business would best a good form. Lastly, the only disadvantage is that the sole business owner is responsible for the entire business obligation. There are many examples for the Sole proprietorship such as Independent Contractor, E-Business, Brick and Mortar Business… Etc. Tina is young lady who she part time student at community college. She decided to earn some money by creating a small business for dogs’ setter. She provides services in her new business (feed the dogs...
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...Fundamentals of Macroeconomics The following terms represent some of the fundamental indicators used by economists to express economic conditions and fluctuations in economic conditions. Gross Domestic Product (GDP) Gross domestic product is the value of all the finished goods and services produced within a country's borders in a specific time period. In the United States, as in most countries, GDP is calculated on an annual basis. GDP measures a nation's productivity. GDP does not necessarily reflect a relative standard of living. Real GDP Real GDP expresses GDP in terms of base-year prices. A base year is the first in a mutually agreed upon series of years. Price level indexes in the base year are assigned an arbitrary value. Price levels in subsequent years in the series are expressed in values relative to the base year. This process provides for a more meaningful comparison of one year to another within the series. Nominal GDP Nominal GDP refers to the raw data produced by annual GDP calculations. These data are not adjusted for inflation. Because of the effects of inflation on economic indexes, nominal GDP does not accurately reflect changes in GDP compared to previous years. Unemployment Rate The unemployment rate reflects the percentage of the population that is able and willing to work and is looking for work, but is unable to find work. Inflation Rate The inflation rate is the rate at which the price of goods and services rises. Increasing inflation...
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...maintained soul and body are separate entities, the former being immortal whilst the latter mortal. Plato’s understanding of the soul is deeply rooted in his concept of the Forms, arguing that the soul is both ‘simple’ and essential to obtaining knowledge of the Forms. For Plato, the body is an impediment to obtaining true knowledge, a ‘source of endless trouble’ and subject to change, therefore an unreliable guide to truth. The chariot analogy is used to demonstrate the conflicting nature of the body and soul. The soul is compared to a chariot driver attempting to control two horses that pull in different directions, the mind and body. The body consists of desires and emotions that distract humans from the basis of existence, truth. Kenny uses an example of a young child throwing a tantrum to illustrate the disharmony between the soul and body. The desire that causes the tantrum is driven by irrationality, as is the human body. Plato uses the argument from knowledge to substantiate the claim that the body and soul are distinct. He describes learning as remembering what the soul has known previously in the world of Forms. Our grasp of concepts such as beauty despite not encountering the Form of beauty is used to prove the eternal nature of the soul. However, this argument relies on the assumption that the world of Forms is real. Just because there is an understanding of certain concepts like Justice,...
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...Facebook creates many openings for businesses to effectively develop. The vast amount of information available about their consumers enables businesses to frequently adapt to the consumers wants and needs. Other social media platforms such as Twitter, which has become very popular of the last couple years, will have decreased the daily browsing time spent on Facebook. However the constant advertising which can be directed towards a target market allows businesses to reach out to consumers who are much more likely to be interested. This inexpensive form of marketing however requires thought as what once was inexpensive marketing can quickly become junk advertising and turn future and previous consumers to another direction. With 757 million active users daily (thenextweb.com), businesses can develop through building brand loyalty. As a form of communication between the two, consumers are able to like posts on the Facebook page. Businesses are instantly able to see the ideas consumers are interested in, and amend plans for the future to fit appropriately. Users online seem to be much more open and this will benefit businesses as their consumers will comment with much more honesty on whatever products or service they provide. Additionally businesses are able to spy on their competition, allowing them to keep up to date on other businesses ideas, popularity and direction for the future. Competition can be very detrimental to a business in its development, therefore knowing the...
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...known advocates for Civil Rights are Martin Luther King Jr. and Malcom X. While both of these inspiring men worked to break down racial barriers, they had unique and different views on how this goal should be accomplished. To begin with, Martin Luther King Jr. strongly believed in the power of nonviolent protest. King advocated for nonviolent marches and boycotts of businesses of all varieties that refused to hire negros. I personally find this as the best form of peaceful protests fought against the shackles of...
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...market in the form of new web-based only businesses as it can reduce barriers to entry. New entrants can take away scales and market share from existing businesses. They can put pressure on prices, or on businesses to invest in improvements in order to offer better value to consumers and customers, both of which reduce profitability. An example of this is the book industry; because of e-commerce books are now widely available online, in audio and also available on e-readers, tablets and phones. In the year 2014 alone the sales of hard-backed books fell by 11.6%. These figures indicate that people are no longer wanting a hard backed book that they are preferring in a more ‘convenient’ form of being able to access them where ever they are on their phones, tablets an e-readers. New entrants from online businesses can pose a significant threat to traditional bricks and mortar business due to the benefits they provide customers and consumers- in terms of lower search cost, greater flexibility and convenience, and lower prices (as a result of lower cost). An example of this is the closing down of HMV/xtravision and the introduction of Spotify and deezer. In the year of 2014 music which was bought in stores decreased by an outstanding 14.2% that was a loss from 32.4 million to 27.8 million (albums) and 12.5 percent, from 356.5 million to 312 million (tracks). Whereas, the downloads from sites such as Spotify and deezer increased of an astonishing 34.7 percent rise, form 25.44 billion...
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...Legal Forms of Business The decision to decide on what type of business organization to select for the situation to be most successful can be difficult because it is hard to predict the future on how things will unfold. With seven different forms of business to choose from and all with specific advantages to polices, financial structure, and risk it is important to know the advantages and disadvantages. Each situation has a preferred choice and liability and one or two plus people must research and justify why they prefer the corresponding business form. Sole Proprietorship “The sole proprietor is an unincorporated business with one owner who pays personal income tax on profits from the business. With little government regulation, they are the simplest business to set up or take apart, making them popular among individual self- contractors or business owners (www.investopedia.com).” A Sole Proprietorship is the simplest, most common, oldest form of business to be owned and operated. This form of business is most times fairly small and viewed as excellent for first time business owners and because of the few legal requirements or documents needed. In this type of business there are usually traditional things that customers see on a day to day basis. For instance, the owner or manager greeting people at the door or organizing things to attach the business to the society, towns, or neighborhoods around them. “The benefit of the sole proprietorship is the tax advantage...
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...P1 – Describe the type of business, purpose and ownership of two contrasting businesses. There are numerous amounts of businesses in the UK, from the public sectors to the private sectors; most large businesses operate on the global scale, such as Tesco, Morrison’s. Businesses in the public sector look for profits and higher income; they are funded through the government, non-profit businesses or charities can also help out with funds. There run in 2 main types of sectors; public and private. In this work I will provide relevant examples of businesses and their case studies. Describing two contrasting businesses the purposes and ownership of St. Benedict’s sixth form and Tesco plc. There are different types of businesses such as: * Local – these are businesses which operate locally. E.g corner shop. * National – national businesses are found in two countries or more. E.g co-op. * International – businesses that are in two or more countries in the same continents. E.g Morrison’s. * Global – businesses that are found in two or more continents. E.g Tesco. * Public – these sectors are funded by the government. E.g St. Benedict’s. * Private – (sole trader) owned by one person. E.g corner shop. * Private – (partnership) between 2-20 people own a partnership. E.g car business. * Private – (Ltd) there are no limits to the amount of owners. E.g Barclays bank. * Private – (Plc) anybody or party can join this business. E.g Sainsbury. * Charitable...
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...Social Media in E-Commerce June 12, 2011 COMM/470 Krystal Hall Introduction The presentation by team C last week was a PowerPoint presentation on communication consultants. The slides in the presentation show support of the new technology for e-commerce businesses and how the team- oriented projects become more effective and efficient. The executives viewing the presentation thought it was a success and would now like to proceed with launching an e-commerce unit. In this paper the team will discuss how social media tools can distribute messages to consumers and the clients. The team will analyze the best tools to use in specific situations and the ethical values behind them. The analysis will include security and privacy issues. The credibility and the reputation will be in the analysis also. Social Media in E-Commerce When using social media one should be aware of the ethical issues that surround it. Social tools help to relay messages to consumers and clients. Companies are able to communicate in various types of social communication. Not all social tools are appropriate for every business transaction or communication. Developing the knowledge of choosing the right one will benefit the company and help to increase the profits. There are many issues to observe when using social media and a business together. Identity theft is one of the biggest concerns for the consumer. Making sure that the site is secure will ease the customer who is already hesitant about...
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...PART A Sole Proprietorship A sole proprietorship is a business form that includes just one owner. This business form is special in that there is legally no difference between the business and the owner. They are considered one and the same. Although there are advantages of this form, such as flexibility in setting work hours and profits of the business remaining in scope of control, there are also many disadvantages. One prime example that is probably the most discouraging is liability. If the business fails or financial obligations are not met, the responsibility is solely on the owner. Another disadvantage is not having the freedom to bring in anyone as a partner. The business relies on the owner, so if capital is not readily available, it may not be easy to come by. Overall, sole proprietorships are the most common and easiest businesses to start up. General Partnership A general partnership is much like a sole proprietorship except for one major area. This business form is allowed to have partners, which is an advantage. General partnerships also have flexibility in work schedules and share the profits amongst each partner. Another advantage is the partners can collaborate to make key decisions regarding the future/demise of their business. A major disadvantage is these partners are fully responsible for the business and are legally liable, even for the misactions of a fellow partner. Limited Partnership "The partner's liability is limited to the...
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...AO1 - Type of Business Ownership Introduction There are many different types of ownerships that can indicate the size of the business. Businesses can range from small, being a one person business or a larger business such as a supermarket that have hundreds of employees. In this report I am going to discuss and research the different forms of business ownerships and the legal requirements that are required. I will be talking about what each type of owner ship in tales and what the advantages and disadvantages of each are. The main types of ownerships are: * Sole trader * Partnership * Private Limited Company * Public Limited Company * Franchise * Working Co-operative I am going to research the different types of ownerships using the internet and text books to gain an understanding of what each type of ownership consists of. This will therefore help me gain a wider and deeper knowledge and understanding of aspects of each ownership, for example the advantages and disadvantages. Sole trader A sole trader is the smallest and simplest form of business ownership and consists of very few legal requirements which is why it is one of the most common within the UK with over 3 million business running. Sole traders are businesses that are started by only one individual and they will be one legal owner of the business, however they may employee people to work for them. Being the only legal owner give great amount of freedom, they will be their own boss...
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...Executive Summary As the society advances and expands, businesses are faced with challenges of maintaining social responisibility through the enviroment while at the same time generate profits for their shareholders. Can a business achieve both goals without jeopordizing their economic value? In order to answer this we analyze three factors that directly affect green business strategies. Ethical consideration – Ethical consideration happens on four different levels: personal, economical, societal/enviromental, and technological. Throughly analyzing each level of consideration creates a much better understanding of different morals and values in our society. Ethical Theories – Can ethical theories be applied to help assist leaders to make more informed decisions towards developing eco-friendly principles? Based on the dentology theory and the four fundamental questions using Kantian ethics, we determined that establishing a eco-friendly principle could become a moral law. Ethical Decision-making process – Businesses that integreate a decision-making process revolving around eco-friendly core, will establish a interal company culture that will guide them to make the nessisary decisions to consistantly be enviromentally aware. Based on the findings in the report, we can conclude that it is possible for businesses to maintain a desirable level of profits and at the same time become a green business. Introduction Henry Ford once said, “Thank God men cannot fly, and...
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...communication type & purpose | Likely Audience & reason | Email | The impact of email as a communications method has grown dramatically in the last decade. It has become the most commonly used form of written communication within business organisations, used principally for sending instantaneous and relatively informal message. However, as is the case with many forms of written communication, their effectiveness depends on how quickly they are read and acted on by the recipient. | Businesses would use emails to communicate with other businesses. | Website | The discovery of the many possible business applications of the internet has led to an explosion in its use in recent years. Firms of every size have recognised the benefits to be gained from setting up websites in order to do some, if not all, of the following: * Communicate with markets around the world, increasing sales opportunities * Gather market-research data from primary sources by encouraging customer feedback, as well as allowing access to published secondary sources * Source the most appropriate suppliers, leading to lower prices and/or better quality. | A Website would be used by a large organisation to order products in for their business. | Fax | This is used to communicate externally with other businesses or between departments in different locations. A document containing written or typed text or images is sent via a telephone line by feeding it into a facsimile machine at one end: a copy of the document...
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...(Credit Value) | BTEC Level 3 Subsidiary Diploma in BusinessBTEC Level 3 Diploma in Business | Unit 1- The Business Environment Credit Value- 10 | | | Assignment title | | The aim of this unit is to give learners the fundamental knowledge of a range of business organisations, and the many factors that shape the nature of organisations operating in an increasingly complex business world. | | Assignment title | | The purpose of this assignment is to: 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purposes 3. Know the impact of the economic environment on businesses 4. Know how political, legal and social factors impact on business. | ScenarioYou work for the Chamber of Commerce as a Business Adviser and have been asked to visit businesses in the local area to outline to them the variety of businesses which exist and to explain to them the factors which can impact businesses. | Sources of informationWebsites www.bized.co.ukbusinesscasestudies.co.ukwww.businessstudiesonline.co.ukwww.s-cool.co.ukwww.tutor2u.netBTEC Level 3 TextbookNotes & Handouts from Tutor | Criteria reference | To achieve the criteria the evidence must show that the student is able to: | | Task no. | | Expected Evidence in folder | Feedback | Criteria met...
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...by which information passes from one medium to another (Griffin). Communication theory is important for all businesses to understand, since a business plan or strategy can not be successful without communication between workers. Communication theory focuses on the different ways that communication can travel from one person to another. Major communication outlets include direct communication, mail, phone, television, or computer. This essay will look at how the Army is instituting new forms of communication tools to help with achieving their goals. In addition, communication theory will be used in understanding how a business or organization makes use of communication tools. The United States Army has announced a new form of communication tool they will be using to get in contact with new recruits. The communication tool is a popular web service called Facebook, which serves to attract new members to the Army (McNally). The Army’s use of social media networks such as Facebook have shown the innovative ways that businesses can interact with the public. The social media networks allow anyone to reach a wide range of people from different parts of the world. The internet especially has made big contributions to the area of communication theory because of its use of email and other social networking tools. These new mediums of information and technology can help businesses communicate more fluently with each other in less time than previous methods. When considering team and group...
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