Free Essay

Bus311

In: Business and Management

Submitted By charles721
Words 1421
Pages 6
---------------------------------------------------------------------------
BUSN 311 Unit 3 Individual Project - Possible / Earned Points
---------------------------------------------------------------------------
Entertainment Survey or Poll- from Newsstand- Proquest
---------------------------------------------------------------------------
Description of Survey 5/5****
Sample Size Analysis 5/5****
Business Application 5/5 ****
---------------------------------------------------------------------------
Political Survey or Poll- from Pew Research or Gallup
---------------------------------------------------------------------------
Description of Survey 5/5****
Sample Size Analysis 5/5****
Business Application 5/5 ****
---------------------------------------------------------------------------
General Opinion Survey or Poll- from Pew Research or Gallup
---------------------------------------------------------------------------
Description of Survey 5/5****
Sample Size Analysis 5/5****
Business Application 5/5 ****
---------------------------------------------------------------------------
Overview of Survey Research: Text Research required 10/10****
---------------------------------------------------------------------------
This section of the paper will be 2-3 pages in length. 30% deductions for not using specified required research. 6 points will be deducted for each survey that is not taken from the required resource.
---------------------------------------------------------------------------
Student’s Survey
---------------------------------------------------------------------------
Copy of 3 question Entertainment or General Opinion Survey 5/5****
Chart #1, described in words 5/5 ****
Chart #2, described in words 5/5 ****
Chart #3, described in words 5/5 ****
Business Application 5/5 ****
---------------------------------------------------------------------------
Grade for Unit 3 Individual Project – 80/80
---------------------------------------------------------------------------
There are 65 points in U3 IP that require WORDS (research, explanation, NO EXCEL)

Type your Name Here
American Intercontinental University
BUSN311 – Quantitative Methods and Analysis
Date of Submission

Abstract
This is a single paragraph, no indentation is required. The next page will be an abstract; “a brief, comprehensive summary of the contents of the article; it allows the readers to survey the contents of an article quickly” (Publication Manual, 2010). The length of this abstract should be 35-50 words (2-3 sentences). NOTE: the abstract must be on page 2 and the body of the paper will begin on page 3.

Unit 3 Individual Project
Introduction
Remember to always indent the first line of a paragraph (use the tab key). The introduction should be short (2-3 sentences). The margins, font size, spacing, and font type (italics or plain) are set in APA format. While you may change the names of the headings and subheadings, do not change the font or style of font.
Entertainment survey from Newsstand (Proquest)
Using a newspaper article from the AIU library’s full-text database: Newsstand (ProQuest), create a lecture (with citations) which includes the following: Describe an entertainment poll or survey. Analyze the number of people who participated in the sample compared to the number in the population. Most news articles will not provide information on the number of people surveyed. In this case critique the validity of the results. (Be sure to cite the article which must be from Newsstand -ProQuest) Here is a Research Guide. (in classroom)
Discuss how the results of the survey can be used to tell a story or support an idea of the sponsoring company or media group. EXPLAIN IN YOUR OWN WORDS.
This section is worth 15 points and it is all words. 5 points for Description of Survey; 5 points for Sample Size Analysis; 5 points for Business Application. No Excel required.
Political survey (from Gallup or Pew Research)
Using polls from one of the following sources: http://people-press.org/question-search/ or http://www.gallup.com/Home.aspx Describe a political poll or survey. Analyze the number of people who participated in the sample compared to the number in the population. Discuss how the results of the survey can be used to tell a story or support an idea of the sponsoring company or media group. EXPLAIN IN YOUR OWN WORDS.
This section is worth 15 points and it is all words. 5 points for Description of Survey; 5 points for Sample Size Analysis; 5 points for Business Application. No Excel required.
General survey (from Gallup or Pew Research)
Using polls from one of the following sources: http://people-press.org/question-search/ or http://www.gallup.com/Home.aspx Describe a general opinion poll or survey. Analyze the number of people who participated in the sample compared to the number in the population. Discuss how the results of the survey can be used to tell a story or support an idea of the sponsoring company or media group. EXPLAIN IN YOUR OWN WORDS.
This section is worth 15 points and it is all words. 5 points for Description of Survey; 5 points for Sample Size Analysis; 5 points for Business Application. No Excel required.
Overview
Consider the three surveys presented. Using the knowledge you learned from the textbook, compare and contrast the sample sizes in each of the three surveys mentioned in the post and determine if the samples sizes are appropriate. In your opinion, which appears to be the most valid? (Cite and reference the textbook) This section of the paper will be 2-3 pages in length and each survey or poll described MUST come from AIU Library’s Newsstand- ProQuest Database and Pew Research Center or Gallup. Please do not use quotes or copy definitions. You will not receive credit for understanding the materials if you use the words of others. Keep in mind that since you did research and you have citations in the body of the post, you must also place a reference list at the end containing the textbook and the articles cited.
This section is worth 10 points and it is all words- RESEARCH REQUIRED. No Excel required.
Application: copy of survey
Create your own 3 question Entertainment using the FREE version of this survey program. Secure a minimum of 20 responses. Your survey respondents may be friends, family or classmates. (NOTE: The small sample size was chosen for convenience and as you know is not a valid sample. The goal is for you to create, deploy and analyze a simple survey.) Include a copy of your survey. Don’t copy someone else’s survey. Write your own
This section is worth 5 points and it is all words. No Excel required.
Application: Results - Chart 1
Create Excel charts of your results and describe those charts in words. (You will receive no credit for charts that are copied from the survey software.) Provide charts of your results and describe those charts in words.
This section is worth 5 points. Excel required.
Application: Results - Chart 2
Create Excel charts of your results and describe those charts in words. (You will receive no credit for charts that are copied from the survey software.) Provide charts of your results and describe those charts in words.
This section is worth 5 points. Excel required.
Application: Results - Chart 3
Create Excel charts of your results and describe those charts in words. (You will receive no credit for charts that are copied from the survey software.) Provide charts of your results and describe those charts in words.
This section is worth 5 points. Excel required.
Application: Surveys and Business
Explain how the results of your survey can be used by a media group or company. This section of the paper will contain 1 page of text and 3 charts. EXPLAIN IN YOUR OWN WORDS.
This section is worth 5 points and it is all words. No Excel required.
Conclusion
Add some concluding remarks-can be a sentence or two. References
NOTE: The reference list starts on a new page after your conclusion.
See AIU APA Guide for more information eBook - AIU Course Textbook
Author, A. A. (Year). Title of book in italics. City, State Abbreviation: Publisher Name.
Retrieved from http://wow.coursesmart.com/
M.U.S.E. Materials
American InterContinental University. (Year). Unit title: Presentation title [Multimedia presentation]. Retrieved from American InterContinental University Virtual Campus,
Course Code-Session Number-Section Number: https://mycampus.aiu-online.com/ intellipath American InterContinental University. (Year). Unit title: Presentation title [intellipath].
Retrieved from American InterContinental University Virtual Campus, Course
Code-Session Number-Section Number: https://mycampus.aiu-online.com/
Journal Article – Retrieved from Library Database – with DOI
Author last name, A. A. (Year). Title or article. Title of Journal in Italics, Volume Number in Italics (Issue Number if Available), Pages. doi:
Journal Article – Retrieved from Library Database – No DOI
Author last name, A. A. (Year). Title or article. Title of Journal in Italics, Volume Number in Italics(Issue Number if Available), Pages. Retrieved from URL of journal homepage
Journal Article – Retrieved from Web
Author last name, A. A. (Year). Title or article. Title of Journal in Italics, Volume Number in Italics(Issue Number if Available), Pages. Retrieved from URL
Website Article – Author Listed
Author last name, A. A. (Year, Month Day). Title of article. Title of Website in Italics. Retrieved from URL
Website Article – No Author Listed
Title or article. (Year). Title of Website in Italics. Retrieved from URL

Similar Documents

Free Essay

Bus311 All Dqs Assignments and Quizzes

...BUS311 ALL DQS ASSIGNMENTS AND QUIZZES To purchase this visit following link: http://www.activitymode.com/product/bus311-all-dqs-assignments-and-quizzes/ Contact us at: SUPPORT@ACTIVITYMODE.COM BUS311 ALL DQS ASSIGNMENTS AND QUIZZES BUS 311 Week 1 DQ 1 Applying the Law to a Set of Facts BUS 311 Week 1 DQ 2 Tort or Crime BUS 311 Week 1 Quiz BUS 311 Week 2 Critical Analysis Paper BUS 311 Week 2 DQ 1 Elements of a Contract BUS 311 Week 2 DQ 2 The Uniform Commercial Code (UCC) BUS 311 Week 2 Quiz BUS 311 Week 3 DQ 1 Employment-at Will BUS 311 Week 3 DQ 2 A Principal’s Responsibility for the Actions of Their Agent BUS 311 Week 3 Final Paper Prep BUS 311 Week 3 Journal Your Experience with Business Law BUS311 ALL DQS ASSIGNMENTS AND QUIZZES To purchase this visit following link: http://www.activitymode.com/product/bus311-all-dqs-assignments-and-quizzes/ Contact us at: SUPPORT@ACTIVITYMODE.COM BUS311 ALL DQS ASSIGNMENTS AND QUIZZES BUS 311 Week 1 DQ 1 Applying the Law to a Set of Facts BUS 311 Week 1 DQ 2 Tort or Crime BUS 311 Week 1 Quiz BUS 311 Week 2 Critical Analysis Paper BUS 311 Week 2 DQ 1 Elements of a Contract BUS 311 Week 2 DQ 2 The Uniform Commercial Code (UCC) BUS 311 Week 2 Quiz BUS 311 Week 3 DQ 1 Employment-at Will BUS 311 Week 3 DQ 2 A Principal’s Responsibility for the Actions of Their Agent BUS 311 Week 3 Final Paper Prep BUS 311 Week 3 Journal Your Experience with Business Law BUS311 ALL DQS ASSIGNMENTS AND QUIZZES To......

Words: 822 - Pages: 4

Premium Essay

Bus311: Business Law I (Bai1247A)

...Potential Remedies BUS311: Business Law I (BAI1247A) Tony Sgarlatti January 5, 2013 There are six elements to an enforceable contract. First of all, they must offer and acceptance, mutual agreement, consideration, competent parties, legality of purpose, and proper form. Contracts may be classified in many different ways, and it mainly depends on how they were formed and crafted. A contract may be either written and/or oral. It can be formal or simple as well (Liuzzo & Bonnice 2010). Bearing in mind the situation will decide how these six elements come into play with the particular contract. Consumers are to expect that when they hire someone to fulfill these contracts, this person will complete the task as fast as they can, and be detailed oriented. Any changes or mess-ups could cause money to be lost and thrown down the drain. The money fuels the contractor, and the buyer/ client is fueled by accuracy and flawlessness of the contract. The client puts a lot of trust in the contractor and expects them to be self-driven and complete what is necessary. Doing complete and accurate work in a timely manner is expected on all levels, especially as more money is put on the table. There are many reasons why a contract would be implemented and created. Revisions are common among parties to create a more custom contract. (Luizzo & Bonnice 2010). Substantial performance occurs when a party to the contract, in good faith, executes all the promised terms...

Words: 1049 - Pages: 5

Premium Essay

Bus311 Keys to a Successful Business

...Running Header: Keys to Operating A Successful Business 1 KEYS TO OPERATING A SUCCESSFUL BUSINESS RAVINEEL CHAND BUS 311: BUSINESS LAW INSTRUCTOR: ANTHONY PEREZ 11 AUGUST 2014 Running Header: Keys to Operating A Successful Business 2 When it comes to successfully starting and running a fireworks business, one of the most often asked question is “What tools are required to run a successful business”. Fireworks themselves are serious business and to start and successfully run a fireworks business is not as inherently easy as it seems. This paper will attempt to explain potential personal liability for injuries sustained by consumers when using this product incorrectly. It will also analyze the formation of a contract between Acme fireworks and several large retailers inquiring about Acme Firework’s Company’s ability to fill large orders on a regular basis. Along with that, it will also analyze the different employment types and finally recommend a new business entity based on the facts provided. Being personally liable for injuries to consumers who use Acme’s products can be best summarized as in the event a consumer is injured while utilizing Acme’s products, should they win the case in court , the judgment or settlement can be satisfied out of the personal assets of the owner of Acme Firework’s Company. “Strict liability, called liability without fault, means that manufacturers, distributors, wholesalers, retailers and others in the......

Words: 2773 - Pages: 12

Premium Essay

Choosing a Business Structure

...Choosing a Business Structure Effie Dodge BUS311: Business Law I Instructor: Brandy Kreisler July 28th 2014 BUS311: Business Law I Choosing a Business Structure When deciding to open a business it is important to define the businesses structure. A business structure is the outline of a company’s operation plans and goals. Without a structure a company would fall apart. Therefore the first step in opening a business is to choose a business structure. In this paper we will discuss the different business structures and which structure fits my business the best. Business structures vary and there are six structures. However in this paper we will only discuss four: sole proprietorship, partnership, LLC, and a corporation. A sole proprietorship is the most common business structure. This type of structure has one owner who is entitled to all profit and accrues all the losses. In forming a sole proprietorship there is no formal action. As long as there is only one owner it is easy to form a sole proprietorship. With the proper permits and license one can have a sole proprietorship structured business. Within this structure taxes are not separate. Profit and losses are reported on one’s personal taxes. This business is fairly inexpensive to form and the owner has complete control. However there is a downfall to sole proprietorship. Because there is not separation between the owner and the company the owner can be held personally responsible for any liabilities......

Words: 846 - Pages: 4

Premium Essay

Acme Firework Business Evaluation

...Acme Fireworks Business Evaluation Ryan Magana BUS311: Business Law I (BBL1524C) Maureen Martinous July 13, 2015 Acme Firework Business Evaluation Acme Fireworks is looking to change the business entity of their company but needs help deciding how to go about doing it. There are plenty of options for the company to go with but some might be more beneficial when it comes to thinking about long term. In this evaluation we will go over the options that are available and what we consider to be the best course of action for Acme Fireworks. Running a business can be an extremely difficult job to take on for anyone, no matter what experience you have. 365 days a year you need to be available for whatever course of action might take place. There are many aspects of a business that need to be monitored very closely and these are some examples: production, sales and customer service, business entity, liabilities, and employment types. References Mancuso, A. (2014). Chapter 3: Forming and Running Your Business. LLC Or Corporation?, 59-80. Mancuso, A. (2014). Chapter 6: Converting a Sole Proprietorship to Another Entity. LLC Or Corporation?, 153-176. Rogers, S. (2012). Essentials of Business Law. San Diego, CA: Bridgepoint Education, Inc. Smith, V., & Neuwirth, E. B. (2009). Temporary Help Agencies and the Making of a New Employment Practice. Academy Of Management Perspectives, 23(1), 56-72. doi:10.5465/AMP.2009.37008003 Steingold, F. S. (2015). CHAPTER 1:......

Words: 267 - Pages: 2

Premium Essay

Acme Fireworks

...Final Paper Proposal James Collier BUS311: Business Law I Instructor: Daniel Malvin 9-1-2014 A sole proprietorship is a one-person business that is not registered with the state as a corporation or a limited liability company (LLC). The owner of the Acme Firework is a sole proprietor that has never changed his business entity. A sole proprietor can be held personally liable for any business-related obligation. This means that if your business doesn't pay a supplier, defaults on a debt, or loses a lawsuit, the creditor can legally come after your house or other possessions. Product liability laws cover consumer goods and goods used at a workplace. If someone is injured by a defective product or suffers loss or damage to private property, they can sue for damages. Both producers and distributors can also face prosecution if they offer unsafe products for sale. When a defective product causes injury, the manufacturer of the product, the distributor, the wholesaler and the retailer who sold the product may all be liable to the plaintiff. Several large retailers have sent inquires about the company’s ability to fill large orders on a regular basis, but the owner is anticipating he will need new employees and is worried that he will not be able to pay the employees if the large orders do not continue. The owner will have to consider a business entity because the company is going to grow with more employees and workloads. To get the most out of a small business, a......

Words: 984 - Pages: 4

Premium Essay

Firework Proposal

...Firework Proposal Julia Villalba BUS311: Business Law I (BBL1519B) Instructor: Anthony Patete May 25, 2015 I am an employee at Acme Fireworks, which was started two years ago in the owner’s garage. Since then its business has expanded. I am the manager of 15 employees. We sell fireworks and we also do aerial or ground firework displays. I will be discussing the Acme Fireworks Company, pros and cons, and the owner’s choice to change entity of dealing with fireworks. I. Acme Fireworks Company A. Visit and evaluate fireworks companies * Contracts * Inquiries from several large businesses B. Visit and evaluate fireworks websites * Look for different reasons for use * Note important statistics * Death ratio, how many deaths were due to fireworks? * The cost of protection such as, insurance in case of damages II. Pros and cons A. Write pros of this activity * Children * Adults celebrating an event B. Write cons for non-use of this activity * Volunteer workers that are not experience * Preparing the sites around the public III. The owner’s choice to change entity A. List reason for change * Pros * Cons B. List problems in work experience * Hiring new partners who claim to be experience * Hiring new employees who claim to be knowledgeable C. Final decision-making * Partnership percentage and sharing money problems * The liabilities to share responsibilities In my conclusion I know how everyone enjoys fireworks as an......

Words: 391 - Pages: 2

Premium Essay

Employment Law

...Employment Law quanisha duckworth Bus311: Business Law I Baw Jennifer Stephens April 7, 2014 In employment law the employment relationship is not just common legal, contractual agreement among employer and employees. It’s a legal arrangement that can be very complex at times, where both have particular duties or obligations among each other that insist of varying numbers of express along with indirect terms along with being regarded with standards that are legal of behavior in employment relationship. This paper will consider the historical development of the employment relationship along with these legal standards among different stages of society starting with the system of slavery through today’s current society. I. History overview/ Employment II. Labor Law III. Who are employees A. Why important Annotated Bibliography: Bagenstos, S. R. (2013). EMPLOYMENT LAW AND SOCIAL EQUALITY. Michigan Law Review, 112(2), 225-273.  “What is the normative justification for individual employment law? For a number of legal scholars, the answer is economic efficiency. Other scholars argue, to the contrary, that employment law protects against (vaguely defined) imbalances of bargaining power and exploitation. Against both of these positions, this Article argues that individual employment law is best understood as advancing a particular conception of equality. That conception, which many legal and political theorists have called social equality, focuses on......

Words: 364 - Pages: 2

Premium Essay

Business Law

...Business Entities Lisa Ramos BUS311: Business Law I Instructor:  July 28, 2014 Business Entities I. Introduction “Business owners are wise to consider the fundamental issue of organizational formbefore they become too deeply immersed in business operations.” (Rogers, 2012) When it comes the laws of business there are is a large range of categories and topics which include the type of entity to become and how it affects contracts, liabilities and tax information. We must be aware that there is more than just one type of entity and determining what type of business to become can have some legal implications and therefore must be reviewed thoroughly. II. Types of Entities A. Sole Proprietorships 1. Types of Businesses 2. Potential liabilities 3. Contract responsibilities 4. Employment opportunities B. Partnerships 1. Types of Businesses 2. Potential liabilities 3. Contract responsibilities 4. Employment opportunities C. Corporations 1. Types of Businesses 2. Potential liabilities 3. Contract responsibilities 4. Employment opportunities D. S Corporations 1. Types of Businesses 2. Potential liabilities 3. Contract responsibilities 4. Employment opportunities E. Limited Liability Company (LLC) 1. Types of Businesses 2. Potential liabilities 3. Contract responsibilities 4. Employment opportunities III. How are contracts enforceable? A.......

Words: 410 - Pages: 2

Free Essay

Week 4 Assignment

...1 Week Five Assignment Jerri Jordan BUS311: Business Law I (BBL1544A) Instructor: Jennifer Stephens 11/16/2015 2 Managing a company comes with great responsibility. Sometimes different changes will have to be made by the manager to better the company. Law relevant to the situation should be a major part of company changes. Not following these laws could negatively impact the company.  Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why. I will define what it is to be governed by common law. I will also discuss what it is to be governed by the Uniform Commercial Code (UCC), and why. I will explain how each will affect the business and compare the two. I will point out which one would be best for the company and why.  Analyze whether the owner formed a contract with the businesses, and apply the five essential elements of an enforceable contract. In this section I will analyze everything regarding the contract. I will discuss how to determine if there is a true contract or not. I will discuss the guidelines of having a true contract. I will also discuss the five essential elements of an enforceable contract. I will compare these with the information we have for the contract between the owner and business.  Explain the potential personal liability to Acme Fireworks if a spectator is injured by a stray firework from a fireworks display. In this......

Words: 536 - Pages: 3

Premium Essay

Critical Analysis

...Critical Analysis BUS311: Business Law 1 July 25, 2011 The elements of an enforceable contract must contain six elements: offer and acceptance, mutual agreement, consideration, competent parties, legality of purpose, and proper form. Contracts may be classified in several ways, depending on the manner in which they are created, expressed, or performed. Thus a contract may be either oral or written; it may be express or implied; it may be formal or simple; and it may be entire or divisible (Liuzzo & Bonnice 2010). Considering the situation it will be determine what happens when a contractor breaches one or more of the six elements of the oral or written contract. Consumers expect that when they hire a contractor that their work would be finish on time. They do not want delays or changes which could increase the cost of the work. The contractor is interested in money and the consumer is interested in seeing the results of a job well done. Most contractors do want the job to be completed without delays or changes to keep their cost down and the consumers once entering into an oral or written contract do not want to spend more than necessary. Hiring a contractor to do a job consumers expect them to do as they promises whether the contract was oral or written. Contracts may be created for any number of reasons. It can be extended and revised as needed to reflect the wishes of the parties (Luizzo & Bonnice 2010). Substantial performance......

Words: 1027 - Pages: 5

Premium Essay

Critical Analysis Paper

...3331 Critical Analysis Paper Christopher Gouty BUS311: Business Law I (BNJ1424A) Instructor: Diana Walker June 23, 2014 Critical Analysis Paper There was a friend of mine that was in a rental agreement on an apartment that he lived in. He signed the contract knowing the five element of the contract. He had the intention to create a legal relationship, he understood the offer, he gave an acceptance, he knew the consideration, and they both met the capacity of the contract. Knowing that he had signed a rental agreement to live in the space provided, but where he was working at closed down and he was in a city that he did not know. The only reason he was up there was for that job, so he went back to his home town leaving the apartment. He knew that he broke the contract by leaving without notice and not paying rent when he was not living there. His intentions were to live there while he was working on managing a store for a friend that had recently started a company. By him going to the rental office of the apartment complex he knew that he had the intention of drawing up a contract with the managing group of the complex. He knew that if he were to break the contract that he would have to pay for the months that the apartment was not rented out to another tenant, along with fees fixing up the apartment to get ready to rent out again. “A contract is a legally enforceable agreement. As this definition implies, a contract comes into existence from......

Words: 1044 - Pages: 5

Premium Essay

Business Entities

...Business Entities Anna Youngs BUS311: Business Law I (CLC1321A) Instructor: David MacKusick June 13, 2013 Corporation “The requirements for the creation and management of a corporation vary somewhat between the states, but as is usually the case, there are common threads that can be found in the corporate statutes of all states.”(Rogers, 2012) There are some advantages and disadvantages about corporation. One would be that it is legally entitled to many constitutional rights under the law. “However; it cannot claim self-incrimination under the Fifth Amendment.”(Rogers, 2012) For the corporation to protect its shareholders under the limited liabilities it must follow the statues of the law following the requirements under the state’s business corporation law. Another advantage is that a corporation can last way beyond the founders of the corporation. Unless it is dissolved by the corporation or the state. One of the disadvantages would be the complexity of the legal paperwork to the state and then filing fees, which could be costly. It would also have to file annual reports of the corporation to the SEC. Another disadvantage would be the double taxation which means the corporation would be taxed as well as the shareholders. Partnership A partnership is between two or more people. “In a partnership, each partner is simultaneously both a principal and an agent, thus the requirement makes sense.”(Rogers, 2012) In a partnership they both are co-owners......

Words: 853 - Pages: 4

Premium Essay

Business Contracts 311

...Multimedia Activity: Business Organization Business Law I – BUS311 If I were to start my own business, I would choose a Sole Proprietorship. I have always wanted to be a specialty clothing boutique owner, and as a single woman with three children, I need a business structure that not only allows me to have full control over my business, but also help keep start-up expenses to a minimum. A Sole Proprietorship is the ideal business structure for me, as it is owned by one person, with that person keeping all of the profits from the business. You don’t have to get permission from the government or pay any fees to be a sole proprietor, except perhaps for a fictitious business name statement or business license. You just start doing business; if you don’t incorporate or have a partner, you are automatically a sole proprietor. If you’re already running a one-person business and haven’t incorporated or formed an LLC, you’re a sole proprietor (Fishman, 2014, p. 16). Business Structures: 1. Sole Proprietorship * Steps to form – Formal action is not necessary in order to form a sole proprietorship. * Personal liability for owners – A sole proprietorship has unlimited liability for the debts of the business, such as bank loans and amounts owing to creditors. This means that if your business fails your personal savings and assets could be at risk (Black, 2011). * Taxation – Because you and your business are one and the same, the business itself is not taxed......

Words: 972 - Pages: 4

Premium Essay

Week 3

...Running head: CONTRACT Contract Jessica Allen BUS311: Business Law Instructor Gary Gentry August 31st, 2014 Title of Paper In this paper I will describe an example of a contract I or someone I know entered into. This could be for example, rental agreement, cell phone agreement, property purchase or lease car, home, furniture, etc.; home or car repair, student loan agreement. In my description, I will be sure to provide specific contractual details including parties and subject matter involved. I will next address the five essential elements of an enforceable contract, and give an example of each element from the selected contract. Finally I will explain whether or not the contract was fulfilled. If not, discuss at least one available breach remedy. A contract that entered was one with my Verizon cell phone company. When I first grew up cell phones were sort of not a main attraction. Then when I was about sixteen years old they started to become more popular. I decided that I also needed a cell phone as well. I went to the Verizon store and was over excited that I could get a cell phone that I did not even noticed all of the paper work that I was singing. I was so engaged by the cool flip phone that caught my eye. I could not believe that I could have a phone on me that would be portable and I could make calls while in my car and outside of my home. I went home and was still in this amazement. I started to make phone calls and......

Words: 963 - Pages: 4