1. Which of the following is one of the major purposes of a settleme.docx
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1. Which of the following is one of the major purposes of a settlement conference? [removed] To facilitate the settlement of a case [removed] To structure a settlement payment schedule [removed] To conduct discovery for a case [removed] To contest the local court rules 2. There are two general partners, each of whom contributes $5,000 in capital to a limited partnership. There are two limited partners, each of whom contributes $20,000. The total amount of capital contributed is $50,000. The limited partnership agreement does not stipulate how profits and losses are to be allocated. Assume that the limited partnership makes $300,000 in profits. Under the Revised Uniform Limited Partnership Act ( RULPA), how much would each partner receive? [removed] Each general partner would receive $120,000, and each limited partner would receive $30,000. [removed] Each general partner would receive $50,000, and each limited partner would receive $100,000. [removed] All partners would receive $75,000, regardless of whether he or she is a general or limited partner. [removed] Each general partner would receive $30,000, and each limited partner would receive $120,000. 3. Which of the following is true of The Federal Arbitration Act? [removed] It provides that arbitration agreements are valid, irrevocable, and enforceable. [removed] It permits an appeal for all arbitration awards. [removed] It applies only to breach of contract disputes. [removed] It governs all types of alternative dispute resolution. 4. Which of the following is true regarding mediation? [removed] A mediator does not make a decision or an award. [removed] Was created by the Federal Mediation Act of 1925. [removed] If a settlement agreement is not reached in mediation, then the parties hire a new mediator. [removed] A settlement agreement is never reached with a mediator 5. Fred and Ginger are general partners in a business. They decide to purchase a building for the partnership. Ginger will put up the money for the building, and Fred will complete the remodeling. While inspecting the building, Fred is informed that the building is packed full of asbestos. He fails to tell Ginger of the presence of the substance. They buy the building and go into business. During the remodeling of the building, people from the neighborhood begin complaining about the dust from the building. Some of them even threaten to sue. Who is liable? [removed] Ginger is liable because she is the one who purchased the building. Fred is not liable, even though he had actual knowledge, because he did not purchase the building. [removed] Fred is liable because he was put on notice of the presence of the substance. Ginger is not liable because she did not have actual knowledge. [removed] Neither Ginger nor Fred are liable personally, nor is the partnership, as they did not put the substance in the building. [removed] Both Ginger and Fred are liable, regardless of the circumstances, by virtue of the fact that they are.
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![1. Which of the following is one of the major purposes of a
settlement conference?
[removed]
To facilitate the settlement of a case
[removed]
To structure a settlement payment schedule
[removed]
To conduct discovery for a case
[removed]
To contest the local court rules
2.
There are two general partners, each of whom contributes
$5,000 in capital to a limited partnership. There are two limited
partners, each of whom contributes $20,000. The total amount
of capital contributed is $50,000. The limited partnership
agreement does not stipulate how profits and losses are to be
allocated. Assume that the limited partnership makes $300,000
in profits. Under the
Revised Uniform Limited Partnership Act (
RULPA), how much would each partner receive?
[removed]
Each general partner would receive $120,000, and each limited
partner would receive $30,000.
[removed]
Each general partner would receive $50,000, and each limited
partner would receive $100,000.
[removed]
All partners would receive $75,000, regardless of whether he or
she is a general or limited partner.
[removed]
Each general partner would receive $30,000, and each limited
partner would receive $120,000.
3.](https://image.slidesharecdn.com/1-221201002530-b3a748c1/85/1-Which-of-the-following-is-one-of-the-major-purposes-of-a-settleme-docx-1-320.jpg)
![Which of the following is true of The Federal Arbitration Act?
[removed]
It provides that arbitration agreements are valid, irrevocable,
and enforceable.
[removed]
It permits an appeal for all arbitration awards.
[removed]
It applies only to breach of contract disputes.
[removed]
It governs all types of alternative dispute resolution.
4.
Which of the following is true regarding mediation?
[removed]
A mediator does not make a decision or an award.
[removed]
Was created by the Federal Mediation Act of 1925.
[removed]
If a settlement agreement is not reached in mediation, then the
parties hire a new mediator.
[removed]
A settlement agreement is never reached with a mediator
5.
Fred and Ginger are general partners in a business. They decide
to purchase a building for the partnership. Ginger will put up
the money for the building, and Fred will complete the
remodeling. While inspecting the building, Fred is informed
that the building is packed full of asbestos. He fails to tell
Ginger of the presence of the substance. They buy the building
and go into business. During the remodeling of the building,
people from the neighborhood begin complaining about the dust
from the building. Some of them even threaten to sue. Who is
liable?
[removed]
Ginger is liable because she is the one who purchased the](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Recommended
1. Which of the following is one of the major purposes of a settle.docx
1. Which of the following is one of the major purposes of a settlement conference?
·
To facilitate the settlement of a case
·
To structure a settlement payment schedule
·
To conduct discovery for a case
·
To contest the local court rules
2. There are two general partners, each of whom contributes $5,000 in capital to a limited partnership. There are two limited partners, each of whom contributes $20,000. The total amount of capital contributed is $50,000. The limited partnership agreement does not stipulate how profits and losses are to be allocated. Assume that the limited partnership makes $300,000 in profits. Under the Revised Uniform Limited Partnership Act (RULPA), how much would each partner receive?
·
Each general partner would receive $120,000, and each limited partner would receive $30,000.
·
Each general partner would receive $50,000, and each limited partner would receive $100,000.
·
All partners would receive $75,000, regardless of whether he or she is a general or limited partner.
·
Each general partner would receive $30,000, and each limited partner would receive $120,000.
3. Which of the following is true of The Federal Arbitration Act?
·
It provides that arbitration agreements are valid, irrevocable, and enforceable.
·
It permits an appeal for all arbitration awards.
·
It applies only to breach of contract disputes.
·
It governs all types of alternative dispute resolution.
4. Which of the following is true regarding mediation?
·
A mediator does not make a decision or an award.
·
Was created by the Federal Mediation Act of 1925.
·
If a settlement agreement is not reached in mediation, then the parties hire a new mediator.
·
A settlement agreement is never reached with a mediator
5. Fred and Ginger are general partners in a business. They decide to purchase a building for the partnership. Ginger will put up the money for the building, and Fred will complete the remodeling. While inspecting the building, Fred is informed that the building is packed full of asbestos. He fails to tell Ginger of the presence of the substance. They buy the building and go into business. During the remodeling of the building, people from the neighborhood begin complaining about the dust from the building. Some of them even threaten to sue. Who is liable?
·
Ginger is liable because she is the one who purchased the building. Fred is not liable, even though he had actual knowledge, because he did not purchase the building.
·
Fred is liable because he was put on notice of the presence of the substance. Ginger is not liable because she did not have actual knowledge.
·
Neither Ginger nor Fred are liable personally, nor is the partnership, as they did not put the substance in the building.
·
Both Ginger and Fred are liable, regardless of the circumstances, by virtue of the fact that they are partners.
6. When parties agree in advance to adhere to an arbitrator’s decision and award, it is known as
·
binding arbitration
·
arbitrator d ...
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Chat Presentation: 7 and 8
Discussion Topics:
The Phase 4 Discussion Board (PH 4 DB)
AND
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Professor Jennifer Hacker, J.D.
*
Due Sunday, June 14th.Worth 75 points.Prepare a detailed outline of your PHASE FOUR INDIVIDUAL PROJECT (not your “Key Assignment Draft”-ignore that phrase) for this week's discussion board.
Your PH 4 IP is your BUSINESS PLAN. Your PH 4 DB is an outline of your BUSINESS Plan. You have not written this plan yet. You will do so in your PH 4 IP.
Because this assignment relies on the one that follows it, we will start with the NEXT assignment, IP 4.
*
Due: Monday, June 15th. Worth 150 points.You can have two extra days to turn this in without penalty; by Wednesday, June 17th .
THIS IS YOUR LAST EXTENSIONMinimum word count: 1100 words.
Points will be taken off for not meeting the writing requirement; do not paste the scenario into your workYour title does not countYour references don’t countFollow APA formatting
*
ONE: Introduction of your proposed business.
TWO: CHOOSE a BUSINESS FORM and then describe the advantages and disadvantages of the business form you will use.
THREE: Description of the specific steps you will need to follow to successfully and legally start the business.
*
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PartnershipCorporationLLC
NOTE: You CANNOT decide to be a sole proprietor. If you do, your outline will be given a zero and you will have to revise.
*
THREE: Describe the specific steps you will need to follow to successfully and legally start the business.
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Here, you will consider what you will sell or do in your business.
This step is NOT about your business form.
This step IS about what you will sell or do.
*
Propane and Propane Accessories?
Nuclear Power?
Toy Manufacturing?
*
The paper business?
Restaurant management?
*
Describe and explain the advantages and disadvantages of the business form you will use.
You can ONLY choose from these three business forms:
PartnershipCorporationLLC
Note: You cannot choose a sole proprietorship. If you do so, your work will get a zero grade and you will have to revise.
*
A partnership is a single business where two or more people share ownership.
Each partner contributes to all aspects of the business, including money, property, labor or skill. In return, each partner shares in the profits and losses of the business.
("Partnerships," 2013)
*
Because partnerships entail more than one person in the decision-making process, it’s important to discuss a wide variety of issues up front and develop a legal partnership agreement.
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The document discusses different types of business entities, including sole proprietorships and partnerships.
[1] A sole proprietorship is a business owned and run by one individual, with no legal distinction between the owner and the business. The sole proprietor receives all profits and bears all losses and debts.
[2] Partnerships involve two or more individuals joining together to carry on a trade or business. Partners contribute capital, share profits and losses, and have some management role. Partners are jointly and individually liable for the actions of other partners.
[3] The document outlines characteristics, advantages, and disadvantages of sole proprietorships and partnerships. It also defines different types of partners like active, sleeping
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There are four basic types of business ownership: sole proprietorship, corporation, partnerships, and limited liability companies. A sole proprietorship belongs to one person who is responsible for all capital, profits, and debts. Partnerships involve 2-20 members who agree to combine resources towards a common goal and share profits. Close corporations have 10 or fewer members who share a common goal and each contributes money, assets, or services. Private companies can be owned by 1-50 shareholders and have "Pty Ltd" in their name.
Question 1 The seller can recover the purchase price for the goods.docx
Question 1
The seller can recover the purchase price for the goods only under certain circumstances, including when:
[removed]
The buyer accepts, but fails to pay for the goods.
[removed]
The goods are destroyed after risk of loss passes to the buyer.
[removed]
The buyer rejects specially manufactured goods that cannot be resold.
[removed]
A, B and C.
0.5 points
Question 2
Which of the following is a
true
statement?
[removed]
It is unlawful for an employer in the U.S. to hire illegal immigrants unless the employer is based in a border region with very high employment.
[removed]
As a general rule, it is illegal in the U.S. for private sector employers to use polygraph tests on their employees.
[removed]
The WARN Act in the U.S. prohibits a company from closing a major plant unless it gets the permission of the Department of Labor.
[removed]
A closed shop which requires union membership as a condition of hiring is legal pursuant to federal labor laws in the United States.
0.5 points
Question 3
Which of the following
best
describes a shareholder's preemptive rights?
[removed]
The right to purchase shares of another shareholder pursuant to a buy-and-sell agreement.
[removed]
The right to purchase a pro-rata portion of any additional shares issued by the corporation.
[removed]
The right of shareholders to override actions of the board of directors.
[removed]
The right of shareholders to remove members of the board of directors without cause.
0.5 points
Question 4
Under the implied warranty of merchantability:
[removed]
A.
Both merchants and non-merchants generally are liable.
[removed]
B.
The warranty includes a requirement that the goods be adequately packaged and labeled.
[removed]
C.
The warranty applies even if a product is misused and instructions are disregarded.
[removed]
D.
The warranty is based on a reasonable consumer expectations test as to what a high quality of a good should be.
0.5 points
Question 5
Under the UCC a merchant is
best
described as a
[removed]
A salesman or saleswoman
[removed]
A retailer
[removed]
An inventor
[removed]
A Venetian
0.5 points
Question 6
Common law consists of:
[removed]
Laws which all nations have in common.
[removed]
Laws which affect everyone, including ordinary persons.
[removed]
Rulings and opinions which have been issued by judges when deciding previous cases.
[removed]
Laws which more people are aware of.
0.5 points
Question 7
Under the common law, a tort can
best
be defined as:
[removed]
A.
Any violation of an ethical or moral duty.
[removed]
B.
Another term for a crime or misdemeanor.
[removed]
C.
An action done in breach of an agreement that allows the aggrieved party to recover damages.
[removed]
D.
A civil wrong that allows an injured person to recover damages.
0.5 points
Question 8
A sues B in a state trial court for negligence. A loses the suit. If A wants to appeal, the most appropriate court in which to file the appeal is
[removed]
the stat ...
Partnership act & company law
The document provides an overview of key aspects of partnership law in India according to the Indian Partnership Act of 1932. Some key points:
- The Act defines a partnership as an agreement between two or more persons to carry on business together and share profits.
- There must be consent, the business must be carried on by the partners, and profits must be shared for a partnership to exist.
- Partnerships can be general, limited, or limited liability. General partners share full liability while limited partners have restricted liability.
- Firms must register with certain details like partner names and addresses. Non-registration limits a firm's ability to file suits.
- Partners have rights like accessing books and
Recommended
1. Which of the following is one of the major purposes of a settle.docx
1. Which of the following is one of the major purposes of a settlement conference?
·
To facilitate the settlement of a case
·
To structure a settlement payment schedule
·
To conduct discovery for a case
·
To contest the local court rules
2. There are two general partners, each of whom contributes $5,000 in capital to a limited partnership. There are two limited partners, each of whom contributes $20,000. The total amount of capital contributed is $50,000. The limited partnership agreement does not stipulate how profits and losses are to be allocated. Assume that the limited partnership makes $300,000 in profits. Under the Revised Uniform Limited Partnership Act (RULPA), how much would each partner receive?
·
Each general partner would receive $120,000, and each limited partner would receive $30,000.
·
Each general partner would receive $50,000, and each limited partner would receive $100,000.
·
All partners would receive $75,000, regardless of whether he or she is a general or limited partner.
·
Each general partner would receive $30,000, and each limited partner would receive $120,000.
3. Which of the following is true of The Federal Arbitration Act?
·
It provides that arbitration agreements are valid, irrevocable, and enforceable.
·
It permits an appeal for all arbitration awards.
·
It applies only to breach of contract disputes.
·
It governs all types of alternative dispute resolution.
4. Which of the following is true regarding mediation?
·
A mediator does not make a decision or an award.
·
Was created by the Federal Mediation Act of 1925.
·
If a settlement agreement is not reached in mediation, then the parties hire a new mediator.
·
A settlement agreement is never reached with a mediator
5. Fred and Ginger are general partners in a business. They decide to purchase a building for the partnership. Ginger will put up the money for the building, and Fred will complete the remodeling. While inspecting the building, Fred is informed that the building is packed full of asbestos. He fails to tell Ginger of the presence of the substance. They buy the building and go into business. During the remodeling of the building, people from the neighborhood begin complaining about the dust from the building. Some of them even threaten to sue. Who is liable?
·
Ginger is liable because she is the one who purchased the building. Fred is not liable, even though he had actual knowledge, because he did not purchase the building.
·
Fred is liable because he was put on notice of the presence of the substance. Ginger is not liable because she did not have actual knowledge.
·
Neither Ginger nor Fred are liable personally, nor is the partnership, as they did not put the substance in the building.
·
Both Ginger and Fred are liable, regardless of the circumstances, by virtue of the fact that they are partners.
6. When parties agree in advance to adhere to an arbitrator’s decision and award, it is known as
·
binding arbitration
·
arbitrator d ...
Forms of Business Organization
The document discusses different forms of business organizations including sole proprietorship, joint Hindu family business, and partnership.
It provides details on sole proprietorship such as its definition as a business owned and managed by one individual, common examples, and key characteristics including ease of formation and closure, unlimited liability of the proprietor, and sole control and receipt of profits. Advantages include quick decision making while disadvantages are limited resources and lack of business continuity.
Joint Hindu family business is described as governed by Hindu law with male members as co-parceners under Mitakshara law. Key features include control by the eldest male member (karta) and limited liability for non-karta members. Benefits include
Basics of business
This document discusses different forms of business organization including sole proprietorship, partnership, and joint stock companies. It provides details on their key characteristics, features, advantages, and disadvantages. The forms of business organization covered are based on ownership, liability, public interest, and controlling interest. The document also describes the process of incorporating a joint stock company including obtaining certificates of incorporation and commencement of business.
MGMT-235Chat Presentation 7 and 8Discussion Topics.docx
MGMT-235
Chat Presentation: 7 and 8
Discussion Topics:
The Phase 4 Discussion Board (PH 4 DB)
AND
The Phase 4 Individual Project (PH 4 IP)
Professor Jennifer Hacker, J.D.
*
Due Sunday, June 14th.Worth 75 points.Prepare a detailed outline of your PHASE FOUR INDIVIDUAL PROJECT (not your “Key Assignment Draft”-ignore that phrase) for this week's discussion board.
Your PH 4 IP is your BUSINESS PLAN. Your PH 4 DB is an outline of your BUSINESS Plan. You have not written this plan yet. You will do so in your PH 4 IP.
Because this assignment relies on the one that follows it, we will start with the NEXT assignment, IP 4.
*
Due: Monday, June 15th. Worth 150 points.You can have two extra days to turn this in without penalty; by Wednesday, June 17th .
THIS IS YOUR LAST EXTENSIONMinimum word count: 1100 words.
Points will be taken off for not meeting the writing requirement; do not paste the scenario into your workYour title does not countYour references don’t countFollow APA formatting
*
ONE: Introduction of your proposed business.
TWO: CHOOSE a BUSINESS FORM and then describe the advantages and disadvantages of the business form you will use.
THREE: Description of the specific steps you will need to follow to successfully and legally start the business.
*
STEP ONE: Introduction of your proposed business. What business will you be in?
STEP TWO:CHOOSE A BUSINESS FORM:Describe and explain the advantages and disadvantages of the business form you will use. You can ONLY choose from these forms:
PartnershipCorporationLLC
NOTE: You CANNOT decide to be a sole proprietor. If you do, your outline will be given a zero and you will have to revise.
*
THREE: Describe the specific steps you will need to follow to successfully and legally start the business.
*
Here, you will consider what you will sell or do in your business.
This step is NOT about your business form.
This step IS about what you will sell or do.
*
Propane and Propane Accessories?
Nuclear Power?
Toy Manufacturing?
*
The paper business?
Restaurant management?
*
Describe and explain the advantages and disadvantages of the business form you will use.
You can ONLY choose from these three business forms:
PartnershipCorporationLLC
Note: You cannot choose a sole proprietorship. If you do so, your work will get a zero grade and you will have to revise.
*
A partnership is a single business where two or more people share ownership.
Each partner contributes to all aspects of the business, including money, property, labor or skill. In return, each partner shares in the profits and losses of the business.
("Partnerships," 2013)
*
Because partnerships entail more than one person in the decision-making process, it’s important to discuss a wide variety of issues up front and develop a legal partnership agreement.
This agreement should document how future business decisions will be made, including how the partners will divide profits, resolve ...
Principals of management ppt 2 module
The document discusses different types of business entities, including sole proprietorships and partnerships.
[1] A sole proprietorship is a business owned and run by one individual, with no legal distinction between the owner and the business. The sole proprietor receives all profits and bears all losses and debts.
[2] Partnerships involve two or more individuals joining together to carry on a trade or business. Partners contribute capital, share profits and losses, and have some management role. Partners are jointly and individually liable for the actions of other partners.
[3] The document outlines characteristics, advantages, and disadvantages of sole proprietorships and partnerships. It also defines different types of partners like active, sleeping
Me me me
There are four basic types of business ownership: sole proprietorship, corporation, partnerships, and limited liability companies. A sole proprietorship belongs to one person who is responsible for all capital, profits, and debts. Partnerships involve 2-20 members who agree to combine resources towards a common goal and share profits. Close corporations have 10 or fewer members who share a common goal and each contributes money, assets, or services. Private companies can be owned by 1-50 shareholders and have "Pty Ltd" in their name.
Question 1 The seller can recover the purchase price for the goods.docx
Question 1
The seller can recover the purchase price for the goods only under certain circumstances, including when:
[removed]
The buyer accepts, but fails to pay for the goods.
[removed]
The goods are destroyed after risk of loss passes to the buyer.
[removed]
The buyer rejects specially manufactured goods that cannot be resold.
[removed]
A, B and C.
0.5 points
Question 2
Which of the following is a
true
statement?
[removed]
It is unlawful for an employer in the U.S. to hire illegal immigrants unless the employer is based in a border region with very high employment.
[removed]
As a general rule, it is illegal in the U.S. for private sector employers to use polygraph tests on their employees.
[removed]
The WARN Act in the U.S. prohibits a company from closing a major plant unless it gets the permission of the Department of Labor.
[removed]
A closed shop which requires union membership as a condition of hiring is legal pursuant to federal labor laws in the United States.
0.5 points
Question 3
Which of the following
best
describes a shareholder's preemptive rights?
[removed]
The right to purchase shares of another shareholder pursuant to a buy-and-sell agreement.
[removed]
The right to purchase a pro-rata portion of any additional shares issued by the corporation.
[removed]
The right of shareholders to override actions of the board of directors.
[removed]
The right of shareholders to remove members of the board of directors without cause.
0.5 points
Question 4
Under the implied warranty of merchantability:
[removed]
A.
Both merchants and non-merchants generally are liable.
[removed]
B.
The warranty includes a requirement that the goods be adequately packaged and labeled.
[removed]
C.
The warranty applies even if a product is misused and instructions are disregarded.
[removed]
D.
The warranty is based on a reasonable consumer expectations test as to what a high quality of a good should be.
0.5 points
Question 5
Under the UCC a merchant is
best
described as a
[removed]
A salesman or saleswoman
[removed]
A retailer
[removed]
An inventor
[removed]
A Venetian
0.5 points
Question 6
Common law consists of:
[removed]
Laws which all nations have in common.
[removed]
Laws which affect everyone, including ordinary persons.
[removed]
Rulings and opinions which have been issued by judges when deciding previous cases.
[removed]
Laws which more people are aware of.
0.5 points
Question 7
Under the common law, a tort can
best
be defined as:
[removed]
A.
Any violation of an ethical or moral duty.
[removed]
B.
Another term for a crime or misdemeanor.
[removed]
C.
An action done in breach of an agreement that allows the aggrieved party to recover damages.
[removed]
D.
A civil wrong that allows an injured person to recover damages.
0.5 points
Question 8
A sues B in a state trial court for negligence. A loses the suit. If A wants to appeal, the most appropriate court in which to file the appeal is
[removed]
the stat ...
Partnership act & company law
The document provides an overview of key aspects of partnership law in India according to the Indian Partnership Act of 1932. Some key points:
- The Act defines a partnership as an agreement between two or more persons to carry on business together and share profits.
- There must be consent, the business must be carried on by the partners, and profits must be shared for a partnership to exist.
- Partnerships can be general, limited, or limited liability. General partners share full liability while limited partners have restricted liability.
- Firms must register with certain details like partner names and addresses. Non-registration limits a firm's ability to file suits.
- Partners have rights like accessing books and
Partnership
This document defines partnership and outlines key aspects of partnership law in India. It states that a partnership requires an agreement between 2-20 persons to carry on a lawful business and share profits. A partnership is based on the law of agency, with each partner acting as both an agent and principal of the firm. The document discusses formation of partnerships, tests to determine partnership status, rights and duties of partners, and different types of partners defined under law.
Partnership act
The document discusses key concepts around partnerships under Indian law, including:
1. The essential elements of a partnership include an association of two or more persons, an agreement to carry on business together, and a sharing of profits.
2. The rights and duties of partners are outlined, with rights including participation in management, inspection of books, and sharing of profits, and duties including acting for the common advantage and not claiming remuneration.
3. Dissolution of a partnership can occur through compulsory, agreement-based, or court-ordered means, and winding up is the process of settling partnership affairs after dissolution.
Summer 15 introduction to business lecture 2_part 2
A partnership is a business owned by two or more people. There are generally two types of partnerships - general partnerships, where partners have unlimited liability, and limited partnerships, where limited partners are only liable up to their investment amount. A partnership agreement does not need to be in writing but it is good practice to have a written contract outlining terms like responsibilities, profit sharing, and dissolution. Partnerships allow for more capital and combined skills but also carry risks of conflict and unlimited liability for general partners.
Partnership act,1932
The document provides an overview of key concepts from the Indian Partnership Act of 1932. It defines a partnership as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. The act specifies that a partnership requires two or more persons, an agreement to share profits, the carrying on of a business, and mutual agency between the partners. It also outlines types of partnerships, essential elements, implied authority of partners, and effects of admissions or notices concerning partnership affairs.
Low Cost Hotels
This document provides an overview of key concepts in Indian partnership law, including:
(1) A partnership is defined as an agreement between two or more persons to carry on business together and share profits.
(2) Registration of a partnership is not required but provides benefits like the ability to file lawsuits. Non-registration has consequences like inability to enforce contract-based rights.
(3) There are different types of partners like dormant partners who don't participate actively and nominal partners who are partners in name only.
Lesson 3 OMTE 001 Legal Forms of Organization for the Small Business & Firms ...
The document discusses different legal forms of organization for small businesses, including sole proprietorships, partnerships, corporations, and limited liability companies (LLCs). It notes that sole proprietorships are the most common form but also have unlimited liability, while partnerships have unlimited liability for general partners. Corporations provide limited liability but are more expensive to start. LLCs also provide limited liability and have fewer regulatory requirements than corporations. The document emphasizes that small business owners should carefully consider factors like vision, control, liability exposure and tax implications when choosing a legal structure.
Partnership act
The Indian Partnership Act, 1932 was enacted in India in 1932.THE INDIAN PARTNERSHIP ACT’ 1932 Section.4 of the Indian Partnership Act, 1932 defines Partnership in the following terms: “ Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.”
"Section 464 of the Companies Act, 2013 empowers the Center Government to prescribe maximum number of partners in a firm but the number of partners so prescribed cannot be more than 100.The Central Government has prescribed maximum number of partners in a firm to be 50 vide Rule 10 of the Companies (Miscellaneous) Rules,2014.Thus, in effect, a partnership firm cannot have more than 50 members".
General duties of Partners[2]
The Partners shall run the business of the firm to the highest level of common advantage by being true to each other. They have to be accountable to one another and provide complete information of all the aspects of the firm , to any other partner or their legal representatives.
Duty of indemnification
Each partner shall indemnify the firm for any loss that occurred due to a fraud, in the conduct of the business.
Indian partnership act, 1932
Partnership in India is governed by The Partnership Act, 1932 which had come into force on Oct 1,1932.
Indian partnership act for entrepreneurs
The document provides an overview of key concepts in Indian partnership law for entrepreneurs, including:
1) Partnership requires an agreement between partners but registration is not mandatory.
2) A partnership is dissolved upon certain events like a partner's death, but an unregistered firm is not an illegal association.
3) Partners have rights like accessing accounts and duties like honesty, but a partner cannot force specific performance of agreements or acquire property without permission.
Indian partnership act for entrepreneurs
The document discusses key aspects of the Indian Partnership Act for entrepreneurs, including definitions of partnership, requirements for partnership agreements and registration, rights and duties of partners, dissolution of partnerships and firms, and other legal topics. It provides simplified explanations of complex legal concepts in the Act to make them more understandable for ordinary entrepreneurs.
Indian partnership act for entrepreneurs
The document discusses key aspects of the Indian Partnership Act for entrepreneurs, including definitions of partnership, requirements for partnership agreements and registration, rights and duties of partners, dissolution of partnerships and firms, and related topics. It provides answers to frequently asked questions about partnerships under Indian law to simplify an otherwise complex topic for ordinary entrepreneurs.
Chapter 2
The document discusses different forms of business ownership including sole proprietorships, partnerships, and private limited companies. It provides definitions and characteristics of sole proprietorships, noting they are owned and managed by a single individual who bears all risks and profits. Registration of partnerships and private limited companies is also covered, outlining the process and benefits such as establishing partnership terms and limiting partner liability.
Chapter 2
The document discusses various forms of business ownership and registration procedures in Pakistan. It covers sole proprietorships, partnerships, private limited companies, and public companies. Key points include:
- The three main legal forms of business ownership are sole proprietorship, partnership, and company.
- A sole proprietorship is owned and managed by one individual who assumes all risks and profits/losses. Registration is not required.
- A partnership involves two or more owners who share profits/losses and management. Registration provides legal benefits but is not compulsory.
- A private limited company limits ownership to 50 members and prohibits public share offerings. It offers liability protection and more flexibility than a public company.
Partnership act
The document provides an overview of key aspects of the Indian Partnership Act of 1932. It defines a partnership as the relation between persons who have agreed to share profits of a business carried on by all or any of them acting for all. The essential elements of a partnership are an agreement between persons to share profits from a business, with the business carried on by all or any of the partners acting for all. A partnership arises from contract, not status, and requires an agreement that can be written or oral.
Company LAw 01.pptx
This document provides an introduction to company law in India. It defines a company as an association of people who contribute money or assets to a common stock to achieve a common goal. A company is a separate legal entity from its members. The document also compares key differences between partnerships and companies, such as legal status, liability of members, management and transferability of shares. It explains that companies have perpetual existence and limited liability for members.
Learning ResourcesPlease read and view (where applicable) the .docx
Learning Resources
Please read and view (where applicable) the following Learning Resources before you complete this week's assignments.
Readings
Course Text: Currier, K.A., Eimermann, T.E. (2016). The study of law: A critical thinking approach (4th ed.). New York: Wolters Kluwer.
Chapter 8, "Contract Law"
Chapter 10, "Laws Affecting Business," Section C: "Agency Law and an Employer's Responsibility for an Employee's Act."
· Article: Larson, A. (2003). Contract law: An introduction. Retrieved January 6, 2011, from http://www.expertlaw.com/library/business/contract_law.html
Other Resources
· Contract-Based Fact Pattern
The Study of Law
Currier, K.A., Eimermann, T.E. (2016). The study of law: A critical thinking approach (4th ed.).
New York: Wolters Kluwer
Aspen College Series
The Study of Law
A Critical Thinking Approach
Fourth Edition
Katherine A. Currier • Thomas E. Eimermann
• ®Wolters Kluwer
Laws Affecting Business
[Title VII of the Civil Rights Act of 1964] proscribes
not only overt discrimination but also practices that
are fair in form, but discriminatory in operation . ...
[A]ny tests used must measure the person for the job
and not the person in the abstract.
Chief Justice Burger, U.S. Supreme Court
APTER OBJECTIVES
-~~r reading this chapter, you should be able to:
• Describe the different types of legal entities a business can take and iden-
tify the advantages and disadvantages of each type.
• Describe what takes place in commercial transactions and the difference
between a secured and a non-secured transaction.
• Explain the role of an agent and the importance of the difference between
an agent and an employee.
• Explain the differences among at-will employees, contract employees,
and unionized employees.
• Identify and explain the purpose of the most significant federal and state
laws relating to employee rights and benefits.
• Discuss the types of actions that are prohibited by employment discrimi-
nation laws.
373
• 374 Chapter 1 0: Laws Affecting Business
INTRODUCTION
In Chapters 7, 8, and 9, we presented the basic legal concepts of tort, contract
and property law. Those legal principles impact on a wide range of activities i1:
both our business and our personal lives. In this chapter we introduce more spe-
cialized areas of the law that affect how businesses operate and how commercia:.
transactions work. The topics covered include business formation, agency la"\'.
commercial paper, secured transactions, and employment law, as they relate to
common business activities. Then, in the next chapter, we will focus on lav.-s
affecting family relationships.
We start with a look at an energetic group of entrepreneurs seeking the
American dream of owning their own business.
Four friends-Alice, Betty, Claire, and
Dan-meet once a week to play bridge. During the
course of one such meeting they begin discussing
the possibility of going into business toget ...
Partnership Act
The document summarizes key aspects of partnership law under the Indian Partnership Act of 1932.
[1] It defines a partnership as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. [2] The essential elements of a partnership include the association of two or more persons, the existence of a contract, carrying on a business, sharing of profits, and mutual agency between the partners. [3] A partnership can be dissolved through compulsory, voluntary, or court-ordered means and the business must then be wound up.
Running head LEGAL UNDERPINNINGS .docx
Running head: LEGAL UNDERPINNINGS 1
LEGAL UNDERPINNINGS 2
Legal Underpinnings of Business Law
Law suits can cause an organization a great deal of money, time, and stress. The costs associated with defending an organization can be very high in spite of innocence or guilt, or in the ability to win the case posed against them. This paper will compare and contrast my personal liability exposure in a breach of contract lawsuit in a variety of different organizational structures, as well as, how best to limit this liability exposure within each particular business organizational form.
Tinker’s Home Security Service (sole proprietorship)
Tinker &Tailor’s Home Security Service (general partnership)
Tinker & Tailor’s Home Security Service (LP)
Tinker & Tailor’s Home Security Service, Inc. (corporation)
Tinker & Tailor’s Home Security Service, LLC (LLC)
Personally Liable for breach of contract and all of my assets, personal and business are subject to the lawsuit
Split liability with partner for breach of contract and all assets of my partner and self, business and personal are subject to the lawsuit
If I were the “limited partner, than I would have limited liability only to the value of my investment, and the general partners alone are subject to claims, or the lawsuit against the partnership.
Limited liability to me personally. Liability is in shares of stock and personal assets are not included
Limited liability to me, personal
assets would not be subject to the lawsuit
Although there are pros and cons to all of the above scenarios, the LLC is the preferred form to limit liability for most businesses. To limit liability in each of the proposed business forms: a sole owner, partnership or group of partners should form a Limited Liability Company (LLC), as then only the business assets are at stake, and not the personal assets of owners, (Finch, 2012). A company can also purchase liability insurance to further protect the company from the mistakes of its employees and/or owners.
Low interest rates and properties selling far below the assessed value of just a few years ago have sparked interest in buying and investing in a property management company. Before analyzing which business type is best for a particular business, one should contact a trusted accountant or attorney for advice, (Seaquist, G., & Coulter, K., 2012). LLC’s owners are called members and are regulated at the state level; these organizations are gaining in popularity and would be of interest in this type of organization.
“LLC interests may wisely be transferred to family and revocable trusts, trusts alone do not offer the asset protection of an LLC. A LLC can limit the owners' exposure to lawsuits by vacation home users and creditors (limited liability). A LLC can impose transfer restrict ...
PARTNERSHIP.pdf
Partnership is a form of business owned by two or more but not more than twenty people based on a written or oral agreement. A partnership is formed to share profits from a business carried out by the partners. Key aspects of a partnership include a plurality of members, a contractual relationship between partners, engagement in a lawful business, and sharing of profits and losses. The document provides details about different types of partnerships, rights and duties of partners, and dissolution of a partnership.
Case Study Three Jeb and Josh are lifelong friends. Jeb is a weal
Case Study Three: Jeb and Josh are lifelong friends. Jeb is a wealthy wind-power tycoon, and Josh is an active outdoor enthusiast. They have decided to open a sporting goods store, Arcadia Sports, using Jeb’s considerable financial resources and Josh’s extensive knowledge of all things outdoors. In addition to selling sporting goods, the store will provide whitewater rafting, rock-climbing, and camping excursions. Jeb will not participate in the day-to-day operations of the store or in the excursions. Both Jeb and Josh have agreed to split the profits down the middle. On the first whitewater rafting excursion, a customer named Jane falls off the raft and suffers a severe concussion and permanent damage to her spine. Meanwhile, Jeb’s wind farms are shut down by government regulators, and he goes bankrupt, leaving extensive personal creditors looking to collect.
Hi Class-
There are many types of business entities, but there are a few main ones. These are sole proprietorship, partnership, corporation, and limited liability companies.
Sole Proprietorship is where once person controls the management and profits (Kubasek, 2015).
Advantages
· Creation of organization is easy
· Sole Proprietor has complete control of management (hiring, expanding business, etc.)
· Sole Proprietor keeps all profits from the business
· Sole Proprietor can terminate the business at their own will
Disadvantages
· Sole Proprietor is responsible for any losses or obligations associated with the business
· Accrue to much debt and not overcome
· Funding is quite a struggle due to large startup costs
Partnership is where the partners equally divide the profits and management responsibilities as well as share unlimited liability for the business’s debt (Kubasek, 2015). Also, with a partnership, the partners are not usually required to create an agreement to establish the partnership (Kubasek, 2015).
Advantages
· Creation of organization is easy
· More resources with two or more people to make decisions and support the business
· Income from business is taxed as individual income for each partner
Disadvantages
· Partners are personally liable for the business’s debts
· The division of authority in decision making
Corporation are a legal entity which is formed by selling shares of stock to investor, or otherwise known as shareholders (Kubasek, 2015).
Advantages
· Shareholders have limited liability
· Profits are taxed as income to the shareholders (not the partners)
· Easy to raise capital by issuing stock
· Protected from being personally liable for the business debts
· Shares can be passed onto family members making a corporation a life business
Disadvantages
· Corporate income is taxed twice
· Formalities are mandatory in establishing and keeping corporate form
· Separate legal entity that can be sued
· Corporations can only operate in the state it was created, unless permission is given by other states
· Cost to establish a corporation already being high, hu ...
1.Cash flow information Direct and indirect methodsThe co.docx
1.
Cash flow information: Direct and indirect methods
The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accounts:
20X5
20X4
Increase / Decrease)
Current assets
Cash
$55,400
$35,200
$20,200
Accounts receivable (net)
83,800
88,000
-4,200
Inventory
243,400
233,800
9,600
Prepaid expenses
25,400
24,200
1,200
Current liabilities
Accounts payable
$123,600
$140,600
($17,000)
Taxes payable
43,600
49,200
-5,600
Interest payable
9,000
6,400
2,600
Accrued liabilities
38,800
60,400
-21,600
Note payable
44,000
—
44,000
The accounts payable were for the purchase of merchandise. Prepaid expenses and accrued liabilities relate to the firm's selling and administrative expenses. The company's condensed income statement follows.
SIGN GRAPHICS INC.
Income Statement
for the Year Ended December 31, 20x5
Sales
$713,800
Less: Cost of goods sold
323,000
Gross profit
$390,800
Less: Selling & administrative expenses
$186,000
Depreciation expense
17,000
Interest expense
27,000
230,000
Add: gain on sale of land
$160,800
21,800
Income before taxes
$182,600
Income taxes
36,800
Net income
$145,800
Other data:
1.
Long-term investments were purchased for cash at a cost of $74,600.
2.
Cash proceeds from the sale of land totaled $76,200.
3.
Store equipment of $44,000 was purchased by signing a short-term note payable. Also, a $150,000 telecommunications system was acquired by issuing 3,000 shares of preferred stock.
4.
A long-term note of $49,400 was repaid.
5.
Twenty thousand shares of common stock were issued at $5.19 per share.
6.
The company paid cash dividends amounting to $128,600.
Instructions:
a.
Prepare the operating activities section of the company's statement of cash flows, assuming use of:
1.
The direct method.
2.
The indirect method.
b.
Prepare the investing and financing activities sections of the statement of cash flows.
.
1.Cash flow information Direct and indirect methodsThe comp.docx
1.
Cash flow information: Direct and indirect methods
The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accounts:
20X5
20X4
Increase / Decrease)
Current assets
Cash
$55,400
$35,200
$20,200
Accounts receivable (net)
83,800
88,000
-4,200
Inventory
243,400
233,800
9,600
Prepaid expenses
25,400
24,200
1,200
Current liabilities
Accounts payable
$123,600
$140,600
($17,000)
Taxes payable
43,600
49,200
-5,600
Interest payable
9,000
6,400
2,600
Accrued liabilities
38,800
60,400
-21,600
Note payable
44,000
—
44,000
The accounts payable were for the purchase of merchandise. Prepaid expenses and accrued liabilities relate to the firm's selling and administrative expenses. The company's condensed income statement follows.
SIGN GRAPHICS INC.
Income Statement
for the Year Ended December 31, 20x5
Sales
$713,800
Less: Cost of goods sold
323,000
Gross profit
$390,800
Less: Selling & administrative expenses
$186,000
Depreciation expense
17,000
Interest expense
27,000
230,000
Add: gain on sale of land
$160,800
21,800
Income before taxes
$182,600
Income taxes
36,800
Net income
$145,800
Other data:
1.
Long-term investments were purchased for cash at a cost of $74,600.
2.
Cash proceeds from the sale of land totaled $76,200.
3.
Store equipment of $44,000 was purchased by signing a short-term note payable. Also, a $150,000 telecommunications system was acquired by issuing 3,000 shares of preferred stock.
4.
A long-term note of $49,400 was repaid.
5.
Twenty thousand shares of common stock were issued at $5.19 per share.
6.
The company paid cash dividends amounting to $128,600.
Instructions:
a.
Prepare the operating activities section of the company's statement of cash flows, assuming use of:
1.
The direct method.
2.
The indirect method.
b.
Prepare the investing and financing activities sections of the statement of cash flows.
.
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The document discusses key concepts around partnerships under Indian law, including:
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Summer 15 introduction to business lecture 2_part 2
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The document provides an overview of key concepts from the Indian Partnership Act of 1932. It defines a partnership as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. The act specifies that a partnership requires two or more persons, an agreement to share profits, the carrying on of a business, and mutual agency between the partners. It also outlines types of partnerships, essential elements, implied authority of partners, and effects of admissions or notices concerning partnership affairs.
Low Cost Hotels
This document provides an overview of key concepts in Indian partnership law, including:
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(2) Registration of a partnership is not required but provides benefits like the ability to file lawsuits. Non-registration has consequences like inability to enforce contract-based rights.
(3) There are different types of partners like dormant partners who don't participate actively and nominal partners who are partners in name only.
Lesson 3 OMTE 001 Legal Forms of Organization for the Small Business & Firms ...
The document discusses different legal forms of organization for small businesses, including sole proprietorships, partnerships, corporations, and limited liability companies (LLCs). It notes that sole proprietorships are the most common form but also have unlimited liability, while partnerships have unlimited liability for general partners. Corporations provide limited liability but are more expensive to start. LLCs also provide limited liability and have fewer regulatory requirements than corporations. The document emphasizes that small business owners should carefully consider factors like vision, control, liability exposure and tax implications when choosing a legal structure.
Partnership act
The Indian Partnership Act, 1932 was enacted in India in 1932.THE INDIAN PARTNERSHIP ACT’ 1932 Section.4 of the Indian Partnership Act, 1932 defines Partnership in the following terms: “ Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.”
"Section 464 of the Companies Act, 2013 empowers the Center Government to prescribe maximum number of partners in a firm but the number of partners so prescribed cannot be more than 100.The Central Government has prescribed maximum number of partners in a firm to be 50 vide Rule 10 of the Companies (Miscellaneous) Rules,2014.Thus, in effect, a partnership firm cannot have more than 50 members".
General duties of Partners[2]
The Partners shall run the business of the firm to the highest level of common advantage by being true to each other. They have to be accountable to one another and provide complete information of all the aspects of the firm , to any other partner or their legal representatives.
Duty of indemnification
Each partner shall indemnify the firm for any loss that occurred due to a fraud, in the conduct of the business.
Indian partnership act, 1932
Partnership in India is governed by The Partnership Act, 1932 which had come into force on Oct 1,1932.
Indian partnership act for entrepreneurs
The document provides an overview of key concepts in Indian partnership law for entrepreneurs, including:
1) Partnership requires an agreement between partners but registration is not mandatory.
2) A partnership is dissolved upon certain events like a partner's death, but an unregistered firm is not an illegal association.
3) Partners have rights like accessing accounts and duties like honesty, but a partner cannot force specific performance of agreements or acquire property without permission.
Indian partnership act for entrepreneurs
The document discusses key aspects of the Indian Partnership Act for entrepreneurs, including definitions of partnership, requirements for partnership agreements and registration, rights and duties of partners, dissolution of partnerships and firms, and other legal topics. It provides simplified explanations of complex legal concepts in the Act to make them more understandable for ordinary entrepreneurs.
Indian partnership act for entrepreneurs
The document discusses key aspects of the Indian Partnership Act for entrepreneurs, including definitions of partnership, requirements for partnership agreements and registration, rights and duties of partners, dissolution of partnerships and firms, and related topics. It provides answers to frequently asked questions about partnerships under Indian law to simplify an otherwise complex topic for ordinary entrepreneurs.
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The document discusses different forms of business ownership including sole proprietorships, partnerships, and private limited companies. It provides definitions and characteristics of sole proprietorships, noting they are owned and managed by a single individual who bears all risks and profits. Registration of partnerships and private limited companies is also covered, outlining the process and benefits such as establishing partnership terms and limiting partner liability.
Chapter 2
The document discusses various forms of business ownership and registration procedures in Pakistan. It covers sole proprietorships, partnerships, private limited companies, and public companies. Key points include:
- The three main legal forms of business ownership are sole proprietorship, partnership, and company.
- A sole proprietorship is owned and managed by one individual who assumes all risks and profits/losses. Registration is not required.
- A partnership involves two or more owners who share profits/losses and management. Registration provides legal benefits but is not compulsory.
- A private limited company limits ownership to 50 members and prohibits public share offerings. It offers liability protection and more flexibility than a public company.
Partnership act
The document provides an overview of key aspects of the Indian Partnership Act of 1932. It defines a partnership as the relation between persons who have agreed to share profits of a business carried on by all or any of them acting for all. The essential elements of a partnership are an agreement between persons to share profits from a business, with the business carried on by all or any of the partners acting for all. A partnership arises from contract, not status, and requires an agreement that can be written or oral.
Company LAw 01.pptx
This document provides an introduction to company law in India. It defines a company as an association of people who contribute money or assets to a common stock to achieve a common goal. A company is a separate legal entity from its members. The document also compares key differences between partnerships and companies, such as legal status, liability of members, management and transferability of shares. It explains that companies have perpetual existence and limited liability for members.
Learning ResourcesPlease read and view (where applicable) the .docx
Learning Resources
Please read and view (where applicable) the following Learning Resources before you complete this week's assignments.
Readings
Course Text: Currier, K.A., Eimermann, T.E. (2016). The study of law: A critical thinking approach (4th ed.). New York: Wolters Kluwer.
Chapter 8, "Contract Law"
Chapter 10, "Laws Affecting Business," Section C: "Agency Law and an Employer's Responsibility for an Employee's Act."
· Article: Larson, A. (2003). Contract law: An introduction. Retrieved January 6, 2011, from http://www.expertlaw.com/library/business/contract_law.html
Other Resources
· Contract-Based Fact Pattern
The Study of Law
Currier, K.A., Eimermann, T.E. (2016). The study of law: A critical thinking approach (4th ed.).
New York: Wolters Kluwer
Aspen College Series
The Study of Law
A Critical Thinking Approach
Fourth Edition
Katherine A. Currier • Thomas E. Eimermann
• ®Wolters Kluwer
Laws Affecting Business
[Title VII of the Civil Rights Act of 1964] proscribes
not only overt discrimination but also practices that
are fair in form, but discriminatory in operation . ...
[A]ny tests used must measure the person for the job
and not the person in the abstract.
Chief Justice Burger, U.S. Supreme Court
APTER OBJECTIVES
-~~r reading this chapter, you should be able to:
• Describe the different types of legal entities a business can take and iden-
tify the advantages and disadvantages of each type.
• Describe what takes place in commercial transactions and the difference
between a secured and a non-secured transaction.
• Explain the role of an agent and the importance of the difference between
an agent and an employee.
• Explain the differences among at-will employees, contract employees,
and unionized employees.
• Identify and explain the purpose of the most significant federal and state
laws relating to employee rights and benefits.
• Discuss the types of actions that are prohibited by employment discrimi-
nation laws.
373
• 374 Chapter 1 0: Laws Affecting Business
INTRODUCTION
In Chapters 7, 8, and 9, we presented the basic legal concepts of tort, contract
and property law. Those legal principles impact on a wide range of activities i1:
both our business and our personal lives. In this chapter we introduce more spe-
cialized areas of the law that affect how businesses operate and how commercia:.
transactions work. The topics covered include business formation, agency la"\'.
commercial paper, secured transactions, and employment law, as they relate to
common business activities. Then, in the next chapter, we will focus on lav.-s
affecting family relationships.
We start with a look at an energetic group of entrepreneurs seeking the
American dream of owning their own business.
Four friends-Alice, Betty, Claire, and
Dan-meet once a week to play bridge. During the
course of one such meeting they begin discussing
the possibility of going into business toget ...
Partnership Act
The document summarizes key aspects of partnership law under the Indian Partnership Act of 1932.
[1] It defines a partnership as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. [2] The essential elements of a partnership include the association of two or more persons, the existence of a contract, carrying on a business, sharing of profits, and mutual agency between the partners. [3] A partnership can be dissolved through compulsory, voluntary, or court-ordered means and the business must then be wound up.
Running head LEGAL UNDERPINNINGS .docx
Running head: LEGAL UNDERPINNINGS 1
LEGAL UNDERPINNINGS 2
Legal Underpinnings of Business Law
Law suits can cause an organization a great deal of money, time, and stress. The costs associated with defending an organization can be very high in spite of innocence or guilt, or in the ability to win the case posed against them. This paper will compare and contrast my personal liability exposure in a breach of contract lawsuit in a variety of different organizational structures, as well as, how best to limit this liability exposure within each particular business organizational form.
Tinker’s Home Security Service (sole proprietorship)
Tinker &Tailor’s Home Security Service (general partnership)
Tinker & Tailor’s Home Security Service (LP)
Tinker & Tailor’s Home Security Service, Inc. (corporation)
Tinker & Tailor’s Home Security Service, LLC (LLC)
Personally Liable for breach of contract and all of my assets, personal and business are subject to the lawsuit
Split liability with partner for breach of contract and all assets of my partner and self, business and personal are subject to the lawsuit
If I were the “limited partner, than I would have limited liability only to the value of my investment, and the general partners alone are subject to claims, or the lawsuit against the partnership.
Limited liability to me personally. Liability is in shares of stock and personal assets are not included
Limited liability to me, personal
assets would not be subject to the lawsuit
Although there are pros and cons to all of the above scenarios, the LLC is the preferred form to limit liability for most businesses. To limit liability in each of the proposed business forms: a sole owner, partnership or group of partners should form a Limited Liability Company (LLC), as then only the business assets are at stake, and not the personal assets of owners, (Finch, 2012). A company can also purchase liability insurance to further protect the company from the mistakes of its employees and/or owners.
Low interest rates and properties selling far below the assessed value of just a few years ago have sparked interest in buying and investing in a property management company. Before analyzing which business type is best for a particular business, one should contact a trusted accountant or attorney for advice, (Seaquist, G., & Coulter, K., 2012). LLC’s owners are called members and are regulated at the state level; these organizations are gaining in popularity and would be of interest in this type of organization.
“LLC interests may wisely be transferred to family and revocable trusts, trusts alone do not offer the asset protection of an LLC. A LLC can limit the owners' exposure to lawsuits by vacation home users and creditors (limited liability). A LLC can impose transfer restrict ...
PARTNERSHIP.pdf
Partnership is a form of business owned by two or more but not more than twenty people based on a written or oral agreement. A partnership is formed to share profits from a business carried out by the partners. Key aspects of a partnership include a plurality of members, a contractual relationship between partners, engagement in a lawful business, and sharing of profits and losses. The document provides details about different types of partnerships, rights and duties of partners, and dissolution of a partnership.
Case Study Three Jeb and Josh are lifelong friends. Jeb is a weal
Case Study Three: Jeb and Josh are lifelong friends. Jeb is a wealthy wind-power tycoon, and Josh is an active outdoor enthusiast. They have decided to open a sporting goods store, Arcadia Sports, using Jeb’s considerable financial resources and Josh’s extensive knowledge of all things outdoors. In addition to selling sporting goods, the store will provide whitewater rafting, rock-climbing, and camping excursions. Jeb will not participate in the day-to-day operations of the store or in the excursions. Both Jeb and Josh have agreed to split the profits down the middle. On the first whitewater rafting excursion, a customer named Jane falls off the raft and suffers a severe concussion and permanent damage to her spine. Meanwhile, Jeb’s wind farms are shut down by government regulators, and he goes bankrupt, leaving extensive personal creditors looking to collect.
Hi Class-
There are many types of business entities, but there are a few main ones. These are sole proprietorship, partnership, corporation, and limited liability companies.
Sole Proprietorship is where once person controls the management and profits (Kubasek, 2015).
Advantages
· Creation of organization is easy
· Sole Proprietor has complete control of management (hiring, expanding business, etc.)
· Sole Proprietor keeps all profits from the business
· Sole Proprietor can terminate the business at their own will
Disadvantages
· Sole Proprietor is responsible for any losses or obligations associated with the business
· Accrue to much debt and not overcome
· Funding is quite a struggle due to large startup costs
Partnership is where the partners equally divide the profits and management responsibilities as well as share unlimited liability for the business’s debt (Kubasek, 2015). Also, with a partnership, the partners are not usually required to create an agreement to establish the partnership (Kubasek, 2015).
Advantages
· Creation of organization is easy
· More resources with two or more people to make decisions and support the business
· Income from business is taxed as individual income for each partner
Disadvantages
· Partners are personally liable for the business’s debts
· The division of authority in decision making
Corporation are a legal entity which is formed by selling shares of stock to investor, or otherwise known as shareholders (Kubasek, 2015).
Advantages
· Shareholders have limited liability
· Profits are taxed as income to the shareholders (not the partners)
· Easy to raise capital by issuing stock
· Protected from being personally liable for the business debts
· Shares can be passed onto family members making a corporation a life business
Disadvantages
· Corporate income is taxed twice
· Formalities are mandatory in establishing and keeping corporate form
· Separate legal entity that can be sued
· Corporations can only operate in the state it was created, unless permission is given by other states
· Cost to establish a corporation already being high, hu ...
Similar to 1. Which of the following is one of the major purposes of a settleme.docx (20)
Summer 15 introduction to business lecture 2_part 2
Summer 15 introduction to business lecture 2_part 2
Lesson 3 OMTE 001 Legal Forms of Organization for the Small Business & Firms ...
Lesson 3 OMTE 001 Legal Forms of Organization for the Small Business & Firms ...
Learning ResourcesPlease read and view (where applicable) the .docx
Learning ResourcesPlease read and view (where applicable) the .docx
Case Study Three Jeb and Josh are lifelong friends. Jeb is a weal
Case Study Three Jeb and Josh are lifelong friends. Jeb is a weal
More from mansonagnus
1.Cash flow information Direct and indirect methodsThe co.docx
1.
Cash flow information: Direct and indirect methods
The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accounts:
20X5
20X4
Increase / Decrease)
Current assets
Cash
$55,400
$35,200
$20,200
Accounts receivable (net)
83,800
88,000
-4,200
Inventory
243,400
233,800
9,600
Prepaid expenses
25,400
24,200
1,200
Current liabilities
Accounts payable
$123,600
$140,600
($17,000)
Taxes payable
43,600
49,200
-5,600
Interest payable
9,000
6,400
2,600
Accrued liabilities
38,800
60,400
-21,600
Note payable
44,000
—
44,000
The accounts payable were for the purchase of merchandise. Prepaid expenses and accrued liabilities relate to the firm's selling and administrative expenses. The company's condensed income statement follows.
SIGN GRAPHICS INC.
Income Statement
for the Year Ended December 31, 20x5
Sales
$713,800
Less: Cost of goods sold
323,000
Gross profit
$390,800
Less: Selling & administrative expenses
$186,000
Depreciation expense
17,000
Interest expense
27,000
230,000
Add: gain on sale of land
$160,800
21,800
Income before taxes
$182,600
Income taxes
36,800
Net income
$145,800
Other data:
1.
Long-term investments were purchased for cash at a cost of $74,600.
2.
Cash proceeds from the sale of land totaled $76,200.
3.
Store equipment of $44,000 was purchased by signing a short-term note payable. Also, a $150,000 telecommunications system was acquired by issuing 3,000 shares of preferred stock.
4.
A long-term note of $49,400 was repaid.
5.
Twenty thousand shares of common stock were issued at $5.19 per share.
6.
The company paid cash dividends amounting to $128,600.
Instructions:
a.
Prepare the operating activities section of the company's statement of cash flows, assuming use of:
1.
The direct method.
2.
The indirect method.
b.
Prepare the investing and financing activities sections of the statement of cash flows.
.
1.Cash flow information Direct and indirect methodsThe comp.docx
1.
Cash flow information: Direct and indirect methods
The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accounts:
20X5
20X4
Increase / Decrease)
Current assets
Cash
$55,400
$35,200
$20,200
Accounts receivable (net)
83,800
88,000
-4,200
Inventory
243,400
233,800
9,600
Prepaid expenses
25,400
24,200
1,200
Current liabilities
Accounts payable
$123,600
$140,600
($17,000)
Taxes payable
43,600
49,200
-5,600
Interest payable
9,000
6,400
2,600
Accrued liabilities
38,800
60,400
-21,600
Note payable
44,000
—
44,000
The accounts payable were for the purchase of merchandise. Prepaid expenses and accrued liabilities relate to the firm's selling and administrative expenses. The company's condensed income statement follows.
SIGN GRAPHICS INC.
Income Statement
for the Year Ended December 31, 20x5
Sales
$713,800
Less: Cost of goods sold
323,000
Gross profit
$390,800
Less: Selling & administrative expenses
$186,000
Depreciation expense
17,000
Interest expense
27,000
230,000
Add: gain on sale of land
$160,800
21,800
Income before taxes
$182,600
Income taxes
36,800
Net income
$145,800
Other data:
1.
Long-term investments were purchased for cash at a cost of $74,600.
2.
Cash proceeds from the sale of land totaled $76,200.
3.
Store equipment of $44,000 was purchased by signing a short-term note payable. Also, a $150,000 telecommunications system was acquired by issuing 3,000 shares of preferred stock.
4.
A long-term note of $49,400 was repaid.
5.
Twenty thousand shares of common stock were issued at $5.19 per share.
6.
The company paid cash dividends amounting to $128,600.
Instructions:
a.
Prepare the operating activities section of the company's statement of cash flows, assuming use of:
1.
The direct method.
2.
The indirect method.
b.
Prepare the investing and financing activities sections of the statement of cash flows.
.
1.At least 500 words APA Style2.Clear, logical f.docx
1.
At least
500
words
APA Style
2.
Clear, logical
flow post
3.
Major points are stated
clearly
4.
Cited at least 3,
you
must cited all the source
5.
Good example conceptual or personal
examples are acceptable
6.
Thoughtful analysis
(Considering assumptions, analyzing implications,
comparing/ contrasting concepts)
7.
It must be proofread for Spelling and grammar
I will not release any payment until everything is met.
Evaluate the ethicality of the gift and estate tax
when earnings have been taxed throughout one’s life.
Justify your answer.
The project is due 10 hrs from now sir!
.
1.Assess the level of interdependence between planning, program eval.docx
1.Assess the level of interdependence between planning, program evaluation, human resource management, and budgeting. Create a scenario in which you explain the overall manner in which these functions interact.
2.Construct two (2) competencies that public personnel managers need to possess in order to minimize the impact of political preference in program implementation. Justify your response.
3.Take a position on whether the politics of budgeting have negatively or positively impacted outcomes on budget policy and formation overall. Provide a rationale for your response.
4.Analyze the main variables that impact the relationship between political responsiveness and managerial effectiveness. Propose two (2) challenges that political responsiveness may present for management (Note: You will explore your proposed challenges in depth within Assignment 3).
5.Include at least four (4) academic references (no more than five [5] years old) from material outside the textbook and no more than one (1) governmental Website. Note: Appropriate academic resources include academic and governmental Websites, scholarly texts, and peer-reviewed articles. Wikipedia, other wikis, and any other Websites ending in anything other than “.gov” do not qualify as academic resources.
.
1.Assign values to variable num1 to 100 and num2 to 20a.Fi.docx
This document provides instructions for a class assignment to assign values to variables num1 and num2, rename the worksheet with the student's name and class assignment number, and submit it. It includes code snippets to import namespaces for use in a C# program or code file.
1.Antique Reproductions, Inc. estimates its manufacturing costs .docx
1.
Antique Reproductions, Inc. estimates its manufacturing costs as follows:
Variable Costs
Direct material
$5.50/unit
Direct labor
2.40/unit
Variable overhead
1.00/unit
Fixed Costs
Supervisor’s salary
$15,000
Production facility depreciation
7,500
Other production costs
1,400
Estimate manufacturing costs for manufacturing levels of 9,000 units, 11,000 units, and 13,000 units.
2.
Southern Pecan Company grows and sells pecans. The company harvested 10,000 bags of pecans in May and sold everything that it harvested. The company’s flexible budget for May was:
Bags sold
10,000
Revenue ($10/bag)
$100,000
Expenses:
Bags ($.50 each)
$ 5,000
Pecan orchard maintenance
$ 10,000
Wages and salaries ($2,400 + $.50 per bag)
$ 7,400
Shipping ($.40 per bag)
$ 4,000
Other expenses ($1,000 + $.45 per bag)
$ 5,500
Total Expenses
$ 31,900
Net operating income
$ 68,100
The actual results for May were:
Bags sold
10,000
Revenue ($10/bag)
$105,000
Expenses:
Bags ($.50 each)
$ 5,100
Pecan orchard maintenance
$ 9,000
Wages and salaries ($2,400 + $.50 per bag)
$ 7,900
Shipping ($.40 per bag)
$ 5,000
Other expenses ($1,000 + $.45 per bag)
$ 5,600
Total Expenses
$ 32,600
Net operating income
$ 72,400
Prepare a report detailing the company’s revenue and spending variances of May.
3.
Tiger Company makes a product and uses the following standard unit costs for that product:
Direct material quantity standard
6 pound per unit
Direct material price standard
$ 9 per pound
Direct labor time standard
3.5 hours per unit
Direct labor rate standard
$12 per hour
Variable manufacturing overhead rate standard
$ 6 per machine hour
Fixed manufacturing overhead rate standard
$ 5 per machine hour
Machine hours standard
3 hours per unit
Given the flowing actual cost and usage data, compute the direct labor rate and the direct labor efficiency variances.
4.
With the following information, compute the throughput time and the manufacturing cycle efficiency:
Wait time
12.0 days
Inspection time
0.9 days
Processing time
3.5 days
Move time
0.2 days
Queue time
2.0 days
.
1.Assess the changing complexion of the U.S. labor force and how i.docx
1.
Assess the changing complexion of the U.S. labor force and how it directly affects the role of unionization in the workplace
2.
Given today’s globally competitive work environment, assess whether larger, more powerful unions (such as the AFL-CIO and the SEIU) favorably represent their members, or if smaller, more targeted unions would better meet the needs of their members
.
1.As a critical thinker we have to work with analysis and eval.docx
1.
As a critical thinker we have to work with analysis and evaluation in order to formulate a conclusion.
There are some specific m
istakes in causal reasoning that compromise our ability to make predictions and old reasonable expectations.
Mention and explain them. (Your own words.
2.
Do you think that you can be a trustworthy Critical Thinking Manager?
Yes or No…..WHY?
.
1.A new diagnostic test has been developed to Diagnose Disease.docx
1.
A new diagnostic test has been developed to Diagnose Disease Y. The new test was compared to the standard diagnostic test (“the gold standard”) on the same set of patients, and the following data were obtained:
Number of patients diagnosed by the new test as having Disease Y, who actually had Disease Y = 3,252
Number of patients in the group who were diagnosed by the standard test as having Disease Y = 4,579
Number of patients diagnosed by the new test as not having Disease Y = 4, 737
Number of patients diagnosed by the new test as having Disease Y, who actually do not have Disease Y= 784
The standard diagnostic test is a tissue biopsy, and therefore, is considered to be 100% sensitive for diagnosing Disease Y.
a.
Create the 2x2 table that shows this data
b.
Calculate:
i.
The sensitivity of the new test
ii.
The specificity of the new test
iii.
The false positive rate of the new test
iv.
The false negative rate of the new test
v.
The positive predictive value of the new test
vi.
The negative predictive value of the new test
vii.
The likelihood ratio positive for the new test
viii.
The likelihood ratio negative for the new test
2.
Two new tests have been developed to diagnose Condition Z. One test (Test A) measures a metabolite “Metabolite A” in the serum. The other test (Test B) measures a different metabolite, “Metabolite B” in the urine. After appropriate preliminary testing, human trials are conducted. Following informed consent, the two tests were run on a group of patients with each patient getting both tests, as well as the “gold standard” test for diagnosing Condition Z. The following data were obtained:
Important!!!!
Since some answers depend on the results you obtained in previous sections of the problem, it is important for you that you show *all* work, since I will give partial credit if your analysis and set up are correct, even if your numerical result is incorrect.
Serum level (metabolite A)
# of patients
Disease positive
Disease negative
(mg / ml)
(by gold standard)
(by gold standard)
0 – 1.99
25
22
3
2.0 – 3.99
273
201
72
4.0 – 5.99
584
572
12
6.0 – 7.99
538
529
9
8.0 – 9.99
175
170
5
>10.0
14
14
0
Urine level (metabolite B)
(ng/ml)
0 – 2.99
30
5
25
3.0 – 5.99
245
46
199
6.0 – 8.99
423
400
23
9.0 – 11.99
628
620
8
12.0 – 14.99
175
169
6
15.0 – 17.99
99
95
4
>18.0
9
9
0
a)
For test A, a cutoff value of 4.0 mg / ml of metabolite A is chosen as the boundary between a negative and a positive test result (i.e., values below 4.0 mg / ml
are considered “negative” and values of 4.0 mg / ml or greater are considered “positive”).
For test B, a cutoff value of 6.0 ng / ml for metabolite B is chosen as the boundary between a negative and a positive test result (i.e., values below 6.0 ng / ml are considered “negative” and values of 6.0 ng / ml or greater are considered.
1.A repeated melodic and rhythmic figure in the lower register o.docx
1.
A repeated melodic and rhythmic figure in the lower register of the piano is typical of the Afro-Cuban
dance music known as
A.
guaguancó.
B.
reggae.
C.
salsa.
D.
mambo.
2.
Aaron Copeland varies the _______ throughout his movement "Hoe-Down" to create variety.
A.
movements.
B.
theme.
C.
scene.
D.
orchestration.
3.
A musical style that combines traditional and modern elements is called
A.
exhibitionism.
B.
modernism.
C.
minimalism.
D.
postmodernism.
4.
The first African American to have a major opera performed by a major American opera company was
A.
Robert Johnson.
B.
William Grant Still.
C.
Scott Joplin.
D.
Langston Hughes.
5.
In the song "Tonight" from the musical
West Side Story,
the composer distributed two basic melodies
among different characters to create a kind of _______, in which nothing disappears but new layers are
constantly introduced.
A.
dissonant form
B.
layered presence
C.
additive form
D.
consonant counterpoint
6.
A chromatic scale consists entirely of
A.
quarter steps.
B.
whole steps.
C.
half steps.
D.
tonal centers.
7.
The progression of four basic chords that was used in many popular songs of the 1950s and 1960s is
referred to as _______ chord progression.
A.
pop
B.
bebop
C.
vamp
D.
doo-wop
8.
The _______ is a xylophone-like instrument with tubular resonators under each bar.
A.
marimba
B.
suspended cymbal
C.
timbales
D.
conga
9.
John Cage's
Indeterminacy
is an example of _______ music.
A.
aleatory
B.
idiosyncratic
C.
silent
D.
achromatic
10.
Tamra says that the difference between an opera and a musical is that the opera includes more spoken
word than singing. Eduardo says that the musical contains singing with some spoken dialog. Who is correct
in citing the difference?
A.
Both Tamra and Eduardo
B.
Neither Tamra nor Eduardo
C.
Eduardo
D.
Tamra
11.
Einstein on a Beach
was a unique opera because it
A.
had no plot and very little singing.
B.
was written in Chinese.
C.
was exclusively recitative.
D.
had a single violinist.
12.
The type of music that blended the musical styles of jump blues and honky-tonk was
A.
jazz.
B.
Motown.
C.
hip hop.
D.
rock 'n' roll.
13.
Which of the following composers wrote the music for
West Side Story?
A.
George M. Cohan
B.
Jerome Kern
C.
Leonard Bernstein
D.
Cole Porter
14.
The musical movement that started in the mid-1960s on the West Coast was the _______ movement.
A.
rock
B.
folk
C.
psychedelic
D.
progressive
15.
Notes that begin a phrase before a downbeat are known as pick-up notes, or a/an
A.
shuffle groove.
B.
duck walk.
C.
call and response.
D.
anacrusis.
16.
_______ music is based on frequent repetition (with small variations) of a small musical idea.
A.
Atonal
B.
Minimalist
C.
Ostinato
D.
Rap
17.
Which of John Cage's works is perceived by some to be a gimmick?
A.
Einstein on a Beach
B.
4'33"
C.
Illiac Suite
D.
Imaginary Landscape no. 4
18.
The musician who ushered in the twentieth-century era of .
1.A preliminary investigation is conducted by probation officers a.docx
1.
A preliminary investigation is conducted by probation officers at or during:
a. [removed]
intake.
b. [removed]
investigation.
c. [removed]
supervision.
d. [removed]
release of offender.
2.
The United States Supreme Court has ruled that only juveniles over the age of _____ can be executed for their crimes.
a. [removed]
10
b. [removed]
12
c. [removed]
14
d. [removed]
17
3.
What percent of juveniles currently are waived to adult court?
a. [removed]
5 percent
b. [removed]
15 percent
c. [removed]
25 percent
d. [removed]
36 percent
4.
Judges must hold probable cause hearings when:
a. [removed]
prosecutors file to send a juvenile to adult court.
b. [removed]
cases come to the adult court by a mandatory judicial waiver.
c. [removed]
cases come to the adult court by a discretionary judicial waiver.
d. [removed]
all of the choices apply.
5.
The probation official who has replaced the case worker is the:
a. [removed]
police officer.
b. [removed]
community resource manager.
c. [removed]
intake officer.
d. [removed]
referee.
6.
Which is the correct order in which probation services are provided?
a. [removed]
Intake, investigation, supervision
b. [removed]
Supervision, intake, investigation
c. [removed]
Investigation, intake, supervision
d. [removed]
Arrest, intake, investigation, supervision, bail
7.
In order for a state to have a valid death penalty, judges must consider:
a. [removed]
mitigating circumstances.
b. [removed]
statistical ambiguities in demographic trends.
c. [removed]
historical traditions of the court.
d. [removed]
future impact of the penalty on deterring crimes.
8.
According to studies on restitution, which of the following are among the primary goals of restitution programs?
a. [removed]
Hold parents accountable for their children's offenses
b. [removed]
They set-up local programs to fully reimburse victims for their financial damages at their expense
c. [removed]
They hold juveniles accountable for their offenses
d. [removed]
All of the choices apply
9.
The balanced approach in probation focuses on:
a. [removed]
arrest, conviction, and confinement.
b. [removed]
correction, rehabilitation, and aftercare.
c. [removed]
the community, the victim, and the offender.
d. [removed]
both arrest, conviction, and confinement and correction, rehabilitation, and aftercare.
10.
Which of the following are (is/a) goal(s) of electronic monitoring programs?
a. [removed]
To reduce the number of field contacts required by home-confinement officers
b. [removed]
To provide for early unification with the juvenile's family
c. [removed]
To keep the juvenile out of school
d. [removed]
Both to reduce the number of field contacts required by home-confinement officers and to provide for early unification with the juvenile's family
11.
Which of the following is the most widely used organization of probation in the United States?
a. [removed]
Local/judicial
b. [removed]
State/judic.
1.Analyze the value stream by using a flow diagram to map the value .docx
1.Analyze the value stream by using a flow diagram to map the value added and non-valued steps in the process.
2.Analyze sources of waste and variation through the use of a tool recommended in Theme 3.
3.Identify the process drivers and validate them through the use of a tool recommended in Theme 4.
.
1.Aim To develop a supply chain for a food industry.2..docx
1.
Aim: To develop a supply chain for a food industry.
2.
Purpose of supply chain: to reach customers need
3.
Supply chain principles: guide lines--- 7 principles
4.
Strategy --- to supply right product at right time in intersectionist
5.
Implementation procedure:
Discuss relationship with:
Supply chain and logistics
Supply chain strategy
Procurement and inventory management
Business strategy
6.
Discuss how supply chain management and logistics with examples.
Note:
APA style format
6 to 8 pages
.
1.A developmental psychologist (e.g., Jean Piaget) who bases his con.docx
1.A developmental psychologist (e.g., Jean Piaget) who bases his conclusions on intensive study of one child or a few individuals is using the ______ method.
2.In a(n) ______, the scientist deliberately changes one variable and measures the change in some other variable.
3.Though Jesse spent most of his growing years in a succession of foster homes after enduring abuse and neglect, his disposition in cheerful and his relationships are healthy and fulfilling. According to developmentalists, he exhibits ______ (the ability to overcome or bounce from adversity) despite his early experiences.
.
1.A music school in Boyles Height, LA, specializes in teaching the g.docx
1.A music school in Boyles Height, LA, specializes in teaching the guitar and the violin. After a spurt in growth and a few successful years, the school is experiencing a slowdown in sales and stability in its profits due to an increase in competition. The school is in the ________ stage of its life cycle.
•
obsolescence
•
decline
•
growth
maturity
2.
Another basis for decision-making is referred to as ________.
•
ethical practices
•
correct ethics
•
ethical dilemmas
situational ethics
3
What are the four characteristics of a marketing audit?
•
Comprehensive, systematic, independent, and periodic
•
Announced, semi-annually, dependent, and perpetual
•
Dependent, non-comprehensive, quarterly, and unannounced
Simple, unique, randomly, and exclusive
4
With ________ as a target market strategy, the firm concentrates on serving many needs of a particular customer group.
•
market specialization
•
single-segment concentration
•
product specialization
selective specialization
5
A social definition of marketing says ______.
•
marketing is the process of extracting maximum value from consumers to facilitate corporate growth
•
marketing is the process by which individuals and groups obtain what they need and want through creating, offering, and freely exchanging products and services of value with others
•
effective marketing requires companies to remove intermediaries to achieve a closer connection with direct consumers
a company should focus exclusively on achieving high production efficiency, low costs, and mass distribution to facilitate the broadest possible access to the company’s products
6
Which of the following can induce a firm to expand into the international arena?
•
Cater to a domestic mass market
•
A saturated domestic market
•
High income level of domestic consumers
A saturated foreign market
7
Marketers must see themselves as benefit providers. For example, when a shopper purchases new shoes, he or she expects the shoes to cover his or her feet and allow him or her to walk unobstructed. This is an example of what level in the consumer-value hierarchy?
•
Augmented product
•
Pure tangible product
•
Basic product
Potential product
8
Through its cutting-edge point-of-sale inventory, management technology, and highly efficient shipping practices, Wal-Mart is able to keep its inventory expenditure extremely low and to pass these savings on to consumers in the form of low prices. Wal-Mart's strategy is best described as ________.
•
differentiation
•
integrative growth
•
market development
overall cost leadership
9
_______ is an approach that considers different ethnic and cultural segments require targeted marketing campaigns and tactics.
•
Multicultural marketing
•
Specialized marketing
•
Ethnic-based marketing
Diversity marketing
10
BMW's "The ultimate driving machine," American Express' "Don't leave home with.
1.0.550.55 points Previous AnswersWaneAC5 5.4.001..docx
1.
0.55
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Points
Submissions Used
Sketch the graph of the given function. Check your sketch using technology. HINT [See Example 1.]
f
(
x
) =
x
2
+
2
x
+
1
(a) Indicate the
x
- and
y
-intercepts. (If an answer does not exist, enter DNE.)
x
-intercept
(
x
,
y
) =
y
-intercept
(
x
,
y
) =
(b) Indicate any extrema. (If an answer does not exist, enter DNE.)
(
x
,
y
) =
(c) Indicate any points of inflection. (If an answer does not exist, enter DNE.)
(
x
,
y
) =
(d) Indicate the behavior near points where the function is not defined.
y
→
+
∞
as
x
→
0
y
→
0 as
x
→
−1
y
→
+
∞
as
x
→
−1
y
→
+
∞
as
x
→
1
(e) Indicate the behavior at infinity.
y
→
−
∞
as
x
→
±
∞
y
→
−
∞
as
x
→
−
∞
;
y
→
+
∞
as
x
→
+
∞
y
→
+
∞
as
x
→
−
∞
;
y
→
−
∞
as
x
→
+
∞
y
→
−1 as
x
→
±
∞
y
→
+
∞
as
x
→
±
∞
(a) Indicate the
x
- and
y
-intercepts. (Order your answers from smallest to largest
x
. If an answer does not exist, enter DNE.)
x
-intercept
(
x
,
y
) =
x
-intercept
(
x
,
y
) =
x
-intercept
(
x
,
y
) =
y
-intercept
(
x
,
y
) =
(b) Indicate any extrema. (Order your answers from smallest to largest
x
. If an answer does not exist, enter DNE.)
(
x
,
y
) =
(
x
,
y
) =
(
x
,
y
) =
(
x
,
y
) =
(c) Indicate any points of inflection. (If an answer does not exist, enter DNE.)
(
x
,
y
) =
(d) Indicate the behavior near points where the function is not defined.
y
→
+
∞
as
x
→
0
y
→
0 as
x
→
±
6
y
→
+
∞
as
x
→
±
6
y
→
+
∞
as
x
→
±
3
(e) Indicate the behavior at infinity.
y
→
+
∞
as
x
→
±
∞
y
→
−
∞
as
x
→
−
∞
;
y
→
+
∞
as
x
→
+
∞
y
→
−
∞
as
x
→
±
∞
y
→
+
∞
as
x
→
−
∞
;
y
→
−
∞
as
x
→
+
∞
(a) Indicate the
x
- and
y
-intercepts. (Order your answers from smallest to largest
x
. If an answer does not exist, enter DNE.)
x
-intercept
(
x
,
y
) =
x
-intercept
(
x
,
y
) =
x
-intercept
(
x
,
y
) =
y
-intercept
(
x
,
y
) =
(b) Indicate any extrema. (Order your answers from smallest to largest
x
. If an answer does not exist, enter DNE.)
(
x
,
y
) =
(
x
,
y
) =
(c) Indicate any points of inflection. (If an answer does not exist, enter DNE.)
(
x
,
y
) =
(d) Indicate the behavior near points where the function is not defined.
y
→
+
∞
as
x
→
0
y
→
0 as
x
→
±
3
y
→
+
∞
as
x
→
±
3
y
→
+
∞
as
x
→
±
1
(e) Indicate the behavior at infinity.
y
→
+
∞
as
x
→
±
∞
y
→
−
∞
as
x
→
−
∞
;
y
→
+
∞
as
x
→
+
∞
y
→
−
∞
as
x
→
±
∞
y
→
+
∞
as
x
→
−
∞
;
y
→
−
∞
as
x
→
+
∞
(a) Indicate the
x
- and
y
-intercepts. (If an answer does not exist, enter DNE.)
x
-intercept
(
x
,
y
) =
y
-intercept
(
x
,
y
) =
(b) Indicate any extrema. (Order your answers from smallest to largest
x
. If an an.
1.1. Counting jails and prisons, approximately how many citizens a.docx
1.
1. Counting jails and prisons, approximately how many citizens are incarcerated?
2.
2. Which important scholar argued that criminals and their punishment are functional in society, help to define norms and expectations for conformity?
3.
3. Political liberals and _______________ encouraged reform of the prison system during the Enlightenment Period.
4.
4. Lex talionis embodies which of the following principles?
5.
5. The Penitentiary Act was based upon four core principles where prisoners were confined in solitary cells and labored silently in common rooms. They include
6.
6. How was the existing system of justice altered during the Enlightenment?
7.
7. The __________ was a penitentiary system developed in Pennsylvania in which each inmate was held in isolation from other inmates.
8.
8. During the Progressive Reform Era, two main strategies were implemented. They included improving conditions in social environments and ______________.
9.
9. The Military Commissions Act (MCA) __________ the ability of “unlawful enemy combatants” to file a writ of habeas corpus.
10.
10. Which court decision held the basic elements of procedural due process must be present when decisions are made concerning the disciplining of an inmate?
11.
11. Which case allowed inmates to sue state officials for brutality, inadequate medical care and nutrition, theft of personal property and the denial of basic rights:
12.
12. In Boumediene v. Bush, the Court ruled the detainees at Guantanamo Bay are entitled to:
13.
13. According to the Supreme Court, the term “totality of conditions” may be legally interpreted as:
14.
14. The right to be free from cruel and unusual punishment is found in which Amendment?
15.
15. Experts usually cite _________ as reasons wrongful convictions occur.
16.
16. Probationary sentences emphasize guidance and ______________ in the community.
17.
17. In the Booker decision, the justices said that sentencing guidelines are:
18.
18. Restorative justice sees crime as a violation against which of the following?
19.
19. Which of the following is an argument for a centralized probation authority?
20.
20. Which of the following was not an innovation initially developed by John Augustus?
21.
21. Between 1200 and 1827, English law:
22.
22. Recognizance was first used in court to recognize a formally recorded ___________to perform some act entered by a judge to permit an offender to live in the community.
23.
23. Judges may use a range of ________________ sanctions from those exerting a low level of control to those exerting a high level of control.
24.
24. The concept of community corrections is best understood as a goal. That goal clearly is to:
25.
25. The new movement that seeks to establish correctional programs falling between standard probation and prison is called:
26.
26. A major criticism of probation, as traditionally practiced, is that:
27.
27. Probation granted under conditions of strict reporting to a probation offic.
1.20(1 pts.) In the 70s, Dr. Richard Raskin underwent a radical su.docx
Dr. Richard Raskin underwent surgery in the 1970s to change his assigned sex from male to female. Prior to the surgery, Dr. Raskin likely would have been diagnosed with gender identity disorder based on wanting to live as a woman. John gets nauseous thinking about sex and avoids sexual advances, so he may be diagnosed with sexual aversion disorder. Joseph experiences intense genital pain during sex, so he may have dyspareunia.
1.A department store chain is designing a layout for a new.docx
1.
A department store chain is designing a layout for a new store. The store manager wants to provide as much convenience as possible for her customers. Based on historical data, the number of trips between departments per hour is given in the following closeness matrix. A block plan showing a preliminary layout is also shown.
Closeness Factors (Trips per hour)
1/O
2/S
3/H
4/T
5/A
6/E
1. Office Supplies (O)
---
40
100
50
20
10
2. Sporting Goods (S)
---
100
80
60
80
3. Hardware (H)
---
70
100
50
4. Toys (T)
---
70
90
5. Automotive (A)
---
60
6. Electronics (E)
---
OFFICE SUPPLIES
SPORTING GOODS
3. HARDWARE
4. TOYS
5. AUTOMOTIVE
1.
ELECTRONICS
Customer travel between departments is restricted to the aisles shown in the block plan as dotted lines.
CALCULATIONS TABLE
:
Dept. Pair
Closeness Factor (
w
)
Original Distance (
d
O
)
w
´
d
O
Revision #1 Distance (d
1
)
w
´
d
1
1 – 2
1 – 3
1 – 4
1 – 5
1 – 6
2 – 3
2 – 4
2 – 5
2 – 6
3 – 4
3 – 5
3 – 6
4 – 5
4 – 6
5 – 6
TOTAL
Complete the calculations and fill in the table above.
Based on the table above answer the following questions.
a)
What is the total expected weighted-distance score between Office Supplies and Hardware?
b)
What is the total weighted-distance score between Hardware and Toys?
c)
What is the total weighted-distance score for the entire store?
d)
A suggestion has been made to switch Hardware and Automotive. What would the total weighted-distance score for the entire store if these two departments were switched?
e)
Based on your calculations, would you recommend that Hardware and Automotive be switched?
.
1.1 How does speaker intent differentiate informative, persu.docx
1.
1
How does speaker intent differentiate informative, persuasive, and special-occasion speaking?
2.
2
How do the three types of informative speeches differ?
3.
3
What are the characteristics of an effective informative speech?
4.
4
How can effective visuals enhance an informative speech?
5.
5
What role does ethics play in informative speaking?
.
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- 1. 1. Which of the following is one of the major purposes of a settlement conference? [removed] To facilitate the settlement of a case [removed] To structure a settlement payment schedule [removed] To conduct discovery for a case [removed] To contest the local court rules 2. There are two general partners, each of whom contributes $5,000 in capital to a limited partnership. There are two limited partners, each of whom contributes $20,000. The total amount of capital contributed is $50,000. The limited partnership agreement does not stipulate how profits and losses are to be allocated. Assume that the limited partnership makes $300,000 in profits. Under the Revised Uniform Limited Partnership Act ( RULPA), how much would each partner receive? [removed] Each general partner would receive $120,000, and each limited partner would receive $30,000. [removed] Each general partner would receive $50,000, and each limited partner would receive $100,000. [removed] All partners would receive $75,000, regardless of whether he or she is a general or limited partner. [removed] Each general partner would receive $30,000, and each limited partner would receive $120,000. 3.
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