for this amount of towing costs as a business expense even though it is result from overdue fines? Relevant law:§162(a)of the Internal Revenue Code allows all the ordinary and necessary expenses as a deduction, if they are paid or incurred during the taxable year in carrying on any trade or business. However, §162(f) shows that no deduction shall be allowed under subsection (a) for any fine or similar penalty paid to a government for the violation of any law. K.A Baratelle, 80 TCM 737, Dec.53.130(M)
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Chapter Two Being Ethical and Socially Responsible Business Ethics Defined Ethics * The study of ______ and ______ and of the morality of the c_______ individuals make * An ethical decision is one that is “right” according to some s_______ of b________ Business ethics * The application of m_____ s________ to business situations Ethical Issues Fairness and honesty * Businesspeople are expected to refrain from knowingly d________, m___________, or intimidating others Organizational
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Clayton Anti-trust Law In the late 1800’s there were some big names in the economy. Two of the biggest trusts out there where the Carnegie Steel and John D. Rockefeller’s Standard Oil Company. These two companies and a few others dominated the economy and controlled not only the prices, but the market share for their products. In response, the Sherman Anti-trust Act was passed around 1890 to limit the control. The Sherman Act however, did not cover everything that businesses needed it to cover
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in life. In my opinion this proved that the primary school as a social institution affects personality and choices in life. After school, students are joining institutions such as the soccer club or the hockey club. These institutions indeed are affecting the behavior and choices we make. Furthermore, religion as an institution is an important aspect too. If we look at different religions, you can clearly see a difference in behavior and the style of living. For a lot of people their religion is a
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The Impact of Lebanese Labor Law and Governmental lack of Supervision with Proposed Solutions The Lebanese labor Law can be defined as a system of standards and rules in business society where standards of human conduct that impose obligations and grant corresponding rights and rules regarding the ascertainment, creating, modification and enforcement of these standards to achieve justice between the employer and the employee.(Global Encyclopedia p-235 L). The Lebanese constitution of 1926, as amended
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depend onbarriers to entry and the behaviour of competitors.The actions of one’s competitors can easily influence the behaviour of afirm.This is proper for an oligopolistic industry whereby firms display mutual interdependence.Ollo is an oligopolistic business with Banglalion & Qubee as their major competitors.If Ollo sets a price higher than that charged by others, the company can expect to lose a lotof sales.Moreover, there are some barriers of entry Ollo must consider before expanding theirbusiness
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Format for Strategic Analysis Report Strategic analysis of: _______________________________________ (case or company) EXTERNAL ENVIRONMENT MACRO ENVIRONMENT Political: • Regulation • Trade barriers • Change in tax laws/incentives • Other… Summary Legal: • Anti-trust • Equal pay/employment • Environmental protection • Health & Safety • Other… Summary Economic: • Interest Rate • Recession (aggregate demand) • Energy prices
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Factors affecting Human Resource Planning in an organization Human resource planning can be defined as the process of identifying the number of people required by an organization in terms of quantity and quality. All human resource management activities start with human resource planning. So we can say that human resource planning is the principle/primary activity of human resource management. 1. Employment :- HRP is affected by the employment situation in the country i.e. in countries where
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one neighborhood at a time.” Currently Starbucks has spread its empire throughout the world with an estimated of 15000 shops worldwide and will continue to seek strengthening and establishing its brand to all parts of the world. With this scale of business, there will be many environmental factors that’s can affect Starbucks. Economic (The local, national and world economy impact): Economic growth- If growth is low, this will affect the sales of Starbucks as consumer disposable income will reduce
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Introduction Business and environment are two aspects which are interlinked which each and other. When we talk about business, we can never neglect the environment factor and vice-versa. If a person opens a business of manufacturing Glue and Adhesives, He has to be aware of the environmental factor. The interaction\relation between environment and business can be positive as well as negative. The positive relation between these two components could be the awareness which is being spread all over
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