The document discusses different types of business ownership including sole proprietorships, partnerships, and corporations. It provides a table comparing the key aspects of each type such as owners, managers, formation process, advantages, disadvantages, and liabilities. The document also discusses other specialized types of partnerships and corporations as well as franchise formats.
MeadWestvaco Corporation provides concise summaries of its annual report in 3 sentences or less:
MeadWestvaco is focused on improving productivity, innovation, and customer focus to drive profitable growth. The company achieved over $400 million in annual cost savings through consolidation and efficiency gains. MeadWestvaco remains committed to safety, environmental stewardship, and good governance as it transforms its business and sets the goal of a minimum 10% annual return on capital.
This document is the 1999 annual report for Bank of America Corporation and Subsidiaries. It summarizes the company's financial performance for 1999, including operating earnings of $8.2 billion, a 27% increase over 1998. It discusses progress on integrating the merged companies and outlines the company's strategy to focus on building broad customer relationships across its businesses to drive revenue growth. Key financial targets for returns and earnings growth are also summarized.
This document is the Directors' Report from SKOL Breweries Limited for the financial year 2008-2009. It reports that while the Company's revenues increased year-over-year, it experienced losses both before and after taxation. Challenges faced by the Company included rising commodity and input costs, an inability to raise prices in some markets, and the economic slowdown reducing disposable consumer income and sales. The Company remains committed to sustainable development and water management practices in India.
Guardian has demonstrated the capacity to sustain its financial stability through turbulent times by paying dividends to policyholders every year since 1865. Guardian's strong investment returns and management of expenses allowed it to declare a dividend of 7% for 2010, the second highest in its history. Guardian aims to provide sustained long-term value for clients through prudent investment strategies and a focus on the interests of its policyholders as a mutual company.
gov revenue formsandresources forms OSC_fill-intaxman taxman
This document provides instructions for Montana tax credits related to oilseed crushing facilities and biodiesel/biolubricant production facilities. It defines key terms like biodiesel and biolubricant. It explains the costs that qualify for the respective credits and outlines the requirements to qualify for each credit, such as the property being operational before January 1, 2015 and the taxpayer crushing oilseed or producing biodiesel/biolubricant in the tax year. The credits can be carried forward for up to 7 years but are subject to recapture if operations cease for over 12 months within 5 years.
Cxc past questions and answers – principles of businessleroy walker
The document provides discussion and guidelines for answering past CXC Principles of Business exam questions. It includes sample questions on topics like economic systems, types of business organizations, contracts, leadership styles, entrepreneurship, and migration. For each question, it lists the required parts and number of marks, then provides a discussion of how to approach answering each part. This includes defining key terms, listing examples for different parts of questions, and describing different concepts in detail. The goal is to help students understand how to structure their responses to earn full marks for past paper questions.
The document provides information about various social and economic institutions in Jamaica. It defines an institution as a formal group established to advance social purposes through rules and permanence. It discusses types of institutions such as economic (e.g. Bank of Jamaica), educational, religious, and trade unions. Trade unions negotiate wages and conditions for workers. They may engage in collective bargaining or industrial action like strikes. The document lists some trade unions in Jamaica and their roles in representing workers.
MeadWestvaco Corporation provides concise summaries of its annual report in 3 sentences or less:
MeadWestvaco is focused on improving productivity, innovation, and customer focus to drive profitable growth. The company achieved over $400 million in annual cost savings through consolidation and efficiency gains. MeadWestvaco remains committed to safety, environmental stewardship, and good governance as it transforms its business and sets the goal of a minimum 10% annual return on capital.
This document is the 1999 annual report for Bank of America Corporation and Subsidiaries. It summarizes the company's financial performance for 1999, including operating earnings of $8.2 billion, a 27% increase over 1998. It discusses progress on integrating the merged companies and outlines the company's strategy to focus on building broad customer relationships across its businesses to drive revenue growth. Key financial targets for returns and earnings growth are also summarized.
This document is the Directors' Report from SKOL Breweries Limited for the financial year 2008-2009. It reports that while the Company's revenues increased year-over-year, it experienced losses both before and after taxation. Challenges faced by the Company included rising commodity and input costs, an inability to raise prices in some markets, and the economic slowdown reducing disposable consumer income and sales. The Company remains committed to sustainable development and water management practices in India.
Guardian has demonstrated the capacity to sustain its financial stability through turbulent times by paying dividends to policyholders every year since 1865. Guardian's strong investment returns and management of expenses allowed it to declare a dividend of 7% for 2010, the second highest in its history. Guardian aims to provide sustained long-term value for clients through prudent investment strategies and a focus on the interests of its policyholders as a mutual company.
gov revenue formsandresources forms OSC_fill-intaxman taxman
This document provides instructions for Montana tax credits related to oilseed crushing facilities and biodiesel/biolubricant production facilities. It defines key terms like biodiesel and biolubricant. It explains the costs that qualify for the respective credits and outlines the requirements to qualify for each credit, such as the property being operational before January 1, 2015 and the taxpayer crushing oilseed or producing biodiesel/biolubricant in the tax year. The credits can be carried forward for up to 7 years but are subject to recapture if operations cease for over 12 months within 5 years.
Cxc past questions and answers – principles of businessleroy walker
The document provides discussion and guidelines for answering past CXC Principles of Business exam questions. It includes sample questions on topics like economic systems, types of business organizations, contracts, leadership styles, entrepreneurship, and migration. For each question, it lists the required parts and number of marks, then provides a discussion of how to approach answering each part. This includes defining key terms, listing examples for different parts of questions, and describing different concepts in detail. The goal is to help students understand how to structure their responses to earn full marks for past paper questions.
The document provides information about various social and economic institutions in Jamaica. It defines an institution as a formal group established to advance social purposes through rules and permanence. It discusses types of institutions such as economic (e.g. Bank of Jamaica), educational, religious, and trade unions. Trade unions negotiate wages and conditions for workers. They may engage in collective bargaining or industrial action like strikes. The document lists some trade unions in Jamaica and their roles in representing workers.
The document outlines different types of business ownership including sole proprietorships, partnerships, and corporations. It provides details on the owners, managers, formation process, advantages, disadvantages, sources of investment, termination conditions, and examples for each type of business ownership. Different types of partnerships and corporations are also defined, including specialized partnerships, types of partnerships and corporations.
The table compares key aspects of sole proprietorships, partnerships, and corporations such as the owners, managers, advantages, disadvantages, sources of investment, and examples of businesses for each type of ownership structure.
The document serves as a reference for understanding the different options for legal structure when starting a business and
The document provides instructions for students to examine the design principles of a publication by answering questions about layout, graphics, font, and white space and how they relate to the topics. It also has sections for students to take notes on how traits of a target audience like age, education, and interests affect publication design. The goal is to analyze how design choices communicate information based on the needs of the audience.
The document summarizes key information about the long jump event, including that athletes must run 40-45 meters to gain speed and momentum before leaping from a platform into a sand pit landing area. It notes the long jump requires a combination of speed, strength, and agility. Historical context is provided that the long jump has been an Olympic event since 756 BC. The world records for men and women in the long jump are listed as well.
This document provides an introduction to spreadsheets, including what they are, who uses them, and what they can do. It explains that spreadsheets allow users to organize and calculate data using rows and columns. Spreadsheets are commonly used by schools, sports teams, businesses, families, and government agencies. They can be used to answer "what is" and "what if" questions. The benefits of spreadsheets are that they are fast and accurate at performing calculations. The document then provides more details on the core components of spreadsheets, including cells, cell references, data types (labels, values, formulas, and functions), and examples of each.
The document discusses different types of software. It defines system software as operating systems that manage hardware resources and enable application software to function. Application software is designed for specific tasks like word processing, spreadsheets, web browsing, and presentations. Application software depends on system software and comes in tailor-made, general purpose, and application package categories. Common examples of application software are described, including their main features and purposes.
Sec 3 Social Studies Chapter 4 revision notesearlgreytea
The document summarizes the conflicts in Sri Lanka and Northern Ireland.
In Sri Lanka, the conflict was between the Sinhalese majority and Tamil minority over language, education policies, land rights and citizenship that favored the Sinhalese and discriminated against Tamils. This caused tension and violence between the two ethnic groups.
In Northern Ireland, the conflict was between the Protestant and Catholic communities over political representation, housing, jobs and education. Catholics faced discrimination which led to unrest. Divided loyalties to either Britain or Ireland also contributed to tensions between the two religious groups.
The document discusses the importance of summarization. It states that with the large amount of information available, being able to summarize texts concisely is a useful skill. Summarization helps identify the key points and main ideas of documents and communicate them in a condensed form.
This document discusses different forms of business ownership including sole proprietorships, partnerships, and corporations. It outlines key advantages and disadvantages of each structure. A sole proprietorship is owned by one person and provides full control but unlimited liability. A partnership is owned by two or more people who share risks, profits and liability. A corporation is a legal entity separate from its owners that allows for raising capital through stock but involves more complex formation and double taxation. The document aims to help students understand factors to consider when choosing a legal form of business.
This chapter discusses key accounting concepts such as the accounting equation, financial statements, and ratio analysis. It explains that accounting is used to collect, analyze, and communicate financial information to both internal and external users. The chapter outlines the main financial statements - the balance sheet, income statement, and statement of cash flows. It also describes how ratio analysis can be used to evaluate a company's solvency, profitability, and operational efficiency. Common ratios discussed include the current ratio, debt ratio, net profit margin, and inventory turnover ratio.
The document contains 50 multiple choice questions testing mathematical concepts such as algebra, geometry, statistics, and trigonometry. The questions cover a wide range of topics including: simplifying expressions, solving equations, finding values based on graphs/tables, properties of shapes, percentages, and probability.
A spreadsheet is an arrangement of cells organized in columns and rows that is used to store and manipulate data. A workbook contains one or more spreadsheets. Microsoft Excel is the most common program used to create spreadsheets. Spreadsheets have rows, columns, and cells identified by letters and numbers. Formulas use mathematical operators and cell references to perform calculations within a spreadsheet. Functions are predefined formulas that perform common tasks like summing a range of cells. Common uses of spreadsheets include budgets, grades, financial statements, data analysis, inventory, and forecasts.
The business being established is a luxury clothing store called Luxury Collection Clothes Store located in Riversdale, Jamaica. It will be owned and managed by Shaneka Anderson as a sole proprietorship. The business will employ 3 people - an accounting clerk, receptionist, and tailor. The aim is to provide high quality fashionable clothing to the local community.
The document contains multiple choice questions about the Caribbean Community (CARICOM). It tests knowledge about the origin and establishment of CARICOM, its key institutions like the Caribbean Development Bank and Caribbean Examination Council, functional areas of cooperation, and benefits of economic integration among member states. The questions cover topics like CARICOM's founding, structure, membership, objectives, and functions.
Mystique Restaurant will operate as a sole proprietorship providing meals, pastries, and beverages. It will be located in Charlieville, Trinidad near many businesses and customers. The restaurant will employ 11 skilled and semi-skilled staff. Funding will come from personal savings, bank loans using property as collateral, and family loans. The entrepreneur's roles are planning, organizing, and evaluating performance. Food will be prepared using technology for quality and efficiency. Local suppliers will provide ingredients. The business must comply with food handling and business licensing regulations to operate legally and avoid shutdown. Ethical waste disposal is important to avoid pollution.
How to become a more effective leader/manager/supervisor. How to recognize your default leadership style, and how to incorporate other styles and methods in order to develop your leadership capabilities.
I have tried to explain the elementary fundamentals of drawing like shapes, forms, shading, perspective drawing etc.
This training material was prepared for my team consisting primarily of Graphic Designers with the objective that they'd start approaching their work like artists.
There are plenty of exercises at the end of each section as well... hope you enjoy it!
Advantages and disadvantages of 3 types of businesses shikarimartinmartinshhs
The document compares the advantages and disadvantages of three types of businesses: sole proprietorships, partnerships, and corporations. Sole proprietorships have the advantages of one person having full control and receiving all profits but the owner bears full liability. Partnerships allow for shared ideas and responsibilities but general partners bear full liability and limited partners have less control. Corporations provide status, ability to raise more money, employee benefits, existence beyond owners, and limited liability, but are more expensive to start up and employees pay more taxes.
The UK has a mixed economy with both public and private sectors. Primary production involves acquiring raw materials through activities like mining, drilling, and tapping. Secondary production manufactures and assembles raw materials into components and products. Tertiary production supports production and distribution through services like transportation, retail, and insurance. These stages form the chain of production that provides consumers with finished goods.
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, franchises, cooperatives, and non-profits. It provides details on the characteristics, advantages, and disadvantages of each type. Specifically, it notes that sole proprietorships make up 72% of all businesses but only 5% of total profits. Partnerships allow for more capital and sharing of losses but also disagreements among partners. Corporations can raise more capital through stocks and bonds but are subject to more regulations. Franchises provide a proven business model but may impose too many restrictions. The document also provides statistics on the US business population and examples of different types of mergers.
This document discusses different types of business organizations: sole proprietorship, partnership, corporation, and cooperative. A sole proprietorship is owned by one individual who has unlimited liability. A partnership involves two or more individuals who share ownership and profits but also have unlimited liability. A corporation is a separate legal entity owned by shareholders who have limited liability. Cooperatives are owned by members who use the business and have equal votes regardless of investment.
The document outlines different types of business ownership including sole proprietorships, partnerships, and corporations. It provides details on the owners, managers, formation process, advantages, disadvantages, sources of investment, termination conditions, and examples for each type of business ownership. Different types of partnerships and corporations are also defined, including specialized partnerships, types of partnerships and corporations.
The table compares key aspects of sole proprietorships, partnerships, and corporations such as the owners, managers, advantages, disadvantages, sources of investment, and examples of businesses for each type of ownership structure.
The document serves as a reference for understanding the different options for legal structure when starting a business and
The document provides instructions for students to examine the design principles of a publication by answering questions about layout, graphics, font, and white space and how they relate to the topics. It also has sections for students to take notes on how traits of a target audience like age, education, and interests affect publication design. The goal is to analyze how design choices communicate information based on the needs of the audience.
The document summarizes key information about the long jump event, including that athletes must run 40-45 meters to gain speed and momentum before leaping from a platform into a sand pit landing area. It notes the long jump requires a combination of speed, strength, and agility. Historical context is provided that the long jump has been an Olympic event since 756 BC. The world records for men and women in the long jump are listed as well.
This document provides an introduction to spreadsheets, including what they are, who uses them, and what they can do. It explains that spreadsheets allow users to organize and calculate data using rows and columns. Spreadsheets are commonly used by schools, sports teams, businesses, families, and government agencies. They can be used to answer "what is" and "what if" questions. The benefits of spreadsheets are that they are fast and accurate at performing calculations. The document then provides more details on the core components of spreadsheets, including cells, cell references, data types (labels, values, formulas, and functions), and examples of each.
The document discusses different types of software. It defines system software as operating systems that manage hardware resources and enable application software to function. Application software is designed for specific tasks like word processing, spreadsheets, web browsing, and presentations. Application software depends on system software and comes in tailor-made, general purpose, and application package categories. Common examples of application software are described, including their main features and purposes.
Sec 3 Social Studies Chapter 4 revision notesearlgreytea
The document summarizes the conflicts in Sri Lanka and Northern Ireland.
In Sri Lanka, the conflict was between the Sinhalese majority and Tamil minority over language, education policies, land rights and citizenship that favored the Sinhalese and discriminated against Tamils. This caused tension and violence between the two ethnic groups.
In Northern Ireland, the conflict was between the Protestant and Catholic communities over political representation, housing, jobs and education. Catholics faced discrimination which led to unrest. Divided loyalties to either Britain or Ireland also contributed to tensions between the two religious groups.
The document discusses the importance of summarization. It states that with the large amount of information available, being able to summarize texts concisely is a useful skill. Summarization helps identify the key points and main ideas of documents and communicate them in a condensed form.
This document discusses different forms of business ownership including sole proprietorships, partnerships, and corporations. It outlines key advantages and disadvantages of each structure. A sole proprietorship is owned by one person and provides full control but unlimited liability. A partnership is owned by two or more people who share risks, profits and liability. A corporation is a legal entity separate from its owners that allows for raising capital through stock but involves more complex formation and double taxation. The document aims to help students understand factors to consider when choosing a legal form of business.
This chapter discusses key accounting concepts such as the accounting equation, financial statements, and ratio analysis. It explains that accounting is used to collect, analyze, and communicate financial information to both internal and external users. The chapter outlines the main financial statements - the balance sheet, income statement, and statement of cash flows. It also describes how ratio analysis can be used to evaluate a company's solvency, profitability, and operational efficiency. Common ratios discussed include the current ratio, debt ratio, net profit margin, and inventory turnover ratio.
The document contains 50 multiple choice questions testing mathematical concepts such as algebra, geometry, statistics, and trigonometry. The questions cover a wide range of topics including: simplifying expressions, solving equations, finding values based on graphs/tables, properties of shapes, percentages, and probability.
A spreadsheet is an arrangement of cells organized in columns and rows that is used to store and manipulate data. A workbook contains one or more spreadsheets. Microsoft Excel is the most common program used to create spreadsheets. Spreadsheets have rows, columns, and cells identified by letters and numbers. Formulas use mathematical operators and cell references to perform calculations within a spreadsheet. Functions are predefined formulas that perform common tasks like summing a range of cells. Common uses of spreadsheets include budgets, grades, financial statements, data analysis, inventory, and forecasts.
The business being established is a luxury clothing store called Luxury Collection Clothes Store located in Riversdale, Jamaica. It will be owned and managed by Shaneka Anderson as a sole proprietorship. The business will employ 3 people - an accounting clerk, receptionist, and tailor. The aim is to provide high quality fashionable clothing to the local community.
The document contains multiple choice questions about the Caribbean Community (CARICOM). It tests knowledge about the origin and establishment of CARICOM, its key institutions like the Caribbean Development Bank and Caribbean Examination Council, functional areas of cooperation, and benefits of economic integration among member states. The questions cover topics like CARICOM's founding, structure, membership, objectives, and functions.
Mystique Restaurant will operate as a sole proprietorship providing meals, pastries, and beverages. It will be located in Charlieville, Trinidad near many businesses and customers. The restaurant will employ 11 skilled and semi-skilled staff. Funding will come from personal savings, bank loans using property as collateral, and family loans. The entrepreneur's roles are planning, organizing, and evaluating performance. Food will be prepared using technology for quality and efficiency. Local suppliers will provide ingredients. The business must comply with food handling and business licensing regulations to operate legally and avoid shutdown. Ethical waste disposal is important to avoid pollution.
How to become a more effective leader/manager/supervisor. How to recognize your default leadership style, and how to incorporate other styles and methods in order to develop your leadership capabilities.
I have tried to explain the elementary fundamentals of drawing like shapes, forms, shading, perspective drawing etc.
This training material was prepared for my team consisting primarily of Graphic Designers with the objective that they'd start approaching their work like artists.
There are plenty of exercises at the end of each section as well... hope you enjoy it!
Advantages and disadvantages of 3 types of businesses shikarimartinmartinshhs
The document compares the advantages and disadvantages of three types of businesses: sole proprietorships, partnerships, and corporations. Sole proprietorships have the advantages of one person having full control and receiving all profits but the owner bears full liability. Partnerships allow for shared ideas and responsibilities but general partners bear full liability and limited partners have less control. Corporations provide status, ability to raise more money, employee benefits, existence beyond owners, and limited liability, but are more expensive to start up and employees pay more taxes.
The UK has a mixed economy with both public and private sectors. Primary production involves acquiring raw materials through activities like mining, drilling, and tapping. Secondary production manufactures and assembles raw materials into components and products. Tertiary production supports production and distribution through services like transportation, retail, and insurance. These stages form the chain of production that provides consumers with finished goods.
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, franchises, cooperatives, and non-profits. It provides details on the characteristics, advantages, and disadvantages of each type. Specifically, it notes that sole proprietorships make up 72% of all businesses but only 5% of total profits. Partnerships allow for more capital and sharing of losses but also disagreements among partners. Corporations can raise more capital through stocks and bonds but are subject to more regulations. Franchises provide a proven business model but may impose too many restrictions. The document also provides statistics on the US business population and examples of different types of mergers.
This document discusses different types of business organizations: sole proprietorship, partnership, corporation, and cooperative. A sole proprietorship is owned by one individual who has unlimited liability. A partnership involves two or more individuals who share ownership and profits but also have unlimited liability. A corporation is a separate legal entity owned by shareholders who have limited liability. Cooperatives are owned by members who use the business and have equal votes regardless of investment.
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, franchises, cooperatives, nonprofits, and professional organizations. It outlines the key advantages and disadvantages of each type. For example, sole proprietorships have unlimited liability for owners but are easy to start up, while corporations have limited liability for owners but are more complex and expensive to form. The document also covers topics like labor trends, unions, and factors that impact wages.
This chapter discusses different forms of business ownership including sole proprietorships, partnerships, corporations, S corporations, limited liability companies, franchises, and cooperatives.
It compares the advantages and disadvantages of each form. Sole proprietorships provide ease of starting but unlimited liability, while partnerships allow more financial resources but potential disagreements. Corporations enable raising more money but have double taxation. S corporations and LLCs provide liability protection with pass-through taxation. Franchises offer established brands but require large fees.
The chapter also covers topics like mergers and acquisitions, leveraged buyouts, diversity in franchising, and using new technologies like social media and e-commerce for franchise expansion.
The document discusses different forms of business ownership - sole proprietorship, partnership, and corporation. It outlines the key advantages and disadvantages of each form. Sole proprietorship is easiest to form but the owner has unlimited liability. Partnership allows for pooling of skills but partners have unlimited liability. Corporation provides limited liability but is more expensive to form due to legal requirements. The choice of form depends on factors like resources, objectives, and liability considerations.
The document discusses different forms of business ownership including sole proprietorships, partnerships, corporations, franchises, and cooperatives. It compares the advantages and disadvantages of each form. Sole proprietorships are owned by one person but have limited financial resources and liability. Partnerships have more financial resources but partners have unlimited liability. Corporations have limited liability for owners but are more expensive to start and pay double taxation. Franchises provide established brands but franchisees must follow the franchisor's rules and pay royalties.
Types of Partners, Partnership Merits and Demerits, Partner by Holding out, Parter by estoppel, Registration of Partnership, The difference between a sole proprietorship and Partnership, features of Partnership act 1932, Mutual consent of Partners, Mutual agency
The document discusses different forms of business ownership and organization - sole proprietorship, partnership, corporation, and cooperative. It outlines the key advantages and disadvantages of each form. Some advantages of sole proprietorship include low start-up costs and total decision-making authority for the owner, while disadvantages are unlimited liability and lack of continuity. Partnerships allow for more capital and skills but have potential for conflicts. Corporations benefit from limited liability but have higher formation costs. Cooperatives provide benefits to members but have equal profit distribution. The document also covers legal considerations and registration processes for different ownership types.
This document summarizes different types of economic organizations:
1. Sole proprietorships are "one-man" businesses where a single person owns capital and undertakes all entrepreneurial functions. They have advantages like quick decision making but disadvantages like unlimited liability and risk.
2. Partnerships involve two or more partners who jointly provide capital. They have greater capital and management than sole proprietorships but also unlimited liability if one partner acts inefficiently.
3. Joint stock companies involve shareholders who invest capital through shares. They can raise large amounts of capital for large-scale production but shareholders have little control and quick decisions are difficult.
4. Cooperatives are based on democratic principles but often lack business
There are four main forms of business organization: sole proprietorships, partnerships, corporations, and limited liability companies (LLCs). Sole proprietorships have one owner with unlimited liability, while partnerships have two or more owners with unlimited or limited liability depending on the type of partnership. Corporations have stockholders with limited liability and can exist indefinitely. LLCs combine features of corporations and partnerships, providing owners limited liability with pass-through taxation.
Differences between shares and debenturesArshad Islam
Shares represent ownership in a company and provide shareholders voting rights, while debentures are a type of loan that companies issue to borrow money from debenture-holders. The main differences are that shareholders own part of the company but have uncertain returns, while debenture-holders are creditors guaranteed to receive interest payments but have no ownership stake or voting rights in the company unless the debentures are converted to shares. Debentures can be converted to shares, but shares cannot be converted to debentures.
This document discusses the key points that should be covered in a written partnership agreement, including management, property ownership and contributions, share of profits and losses, records, taxation, dissolution, and termination. It also lists some advantages and disadvantages of oral agreements, written agreements, and different types of partnerships. The key advantages include ease of establishment, legal status, more management support, and larger capital. The key disadvantages include unlimited liability, managerial difficulties, disagreement risk, size limitations, frozen investments, lack of continuity, and easy dissolution.
The document discusses different forms of business ownership including sole proprietorships, partnerships, and corporations. Sole proprietorships are owned by one individual who is personally liable for all debts and obligations of the business. Partnerships involve two or more owners who share joint liability. General partnerships divide management equally while limited partnerships limit some liability and participation in management. Corporations are separate legal entities from their owners where shareholders have limited liability but the business is subject to more legal compliance requirements.
The document compares the advantages and disadvantages of sole proprietorships, partnerships, and corporations. Sole proprietorships allow owners to keep all profits but they are liable for all debts. Partnerships allow sharing of ideas but require splitting profits and losses. Corporations can raise money but have higher establishment costs and provide limited liability. Most advantages are seen in corporations and partnerships, while sole proprietorships have the most disadvantages.
1. The document defines different types of private sector business structures including sole traders, partnerships, limited companies, cooperatives, franchises, joint ventures, holding companies, and public sector enterprises.
2. It provides details on the legal structure and ownership of each type of business as well as some of their key advantages and disadvantages.
3. Examples are given for each business type, such as a sole trader being Healthscope Direct, a partnership being UNICEF, and a joint venture being Mitsubishi Nissan.
This document discusses different types of business organizations including sole proprietorship, partnership, and companies. It provides details on the key features, merits, limitations and types of each organizational structure. Sole proprietorship is owned and managed by a single individual who has unlimited liability. Partnership involves two or more individuals who contribute capital and share profits/losses. Companies have a separate legal identity from its owners and members have limited liability. The document compares different partnership types and company structures in detail.
This document compares the main types of business organizations: sole proprietorships, partnerships, corporations, and franchises. It outlines the key characteristics, advantages, disadvantages, and examples of each type. Sole proprietorships are owned by one person, partnerships by two or more people, corporations are owned by stockholders but treated as a single entity, and franchises operate under a contractual agreement with a parent company.
The document provides an overview of the history and status of the mountain lion population in the United States, from being endangered due to widespread hunting in the early 20th century to a dramatic resurgence over the past 30 years that has led to an increase in attacks on humans. It argues that while a ban on sport hunting helped the mountain lion population recover, wildlife management should now be allowed to control the population in order to reduce attacks on humans and protect the long term viability of the species.
The document provides an overview of the history and population changes of mountain lions in the United States, from being endangered to their population rebounding dramatically in recent decades. It discusses how this population increase has led to more attacks on humans. The document argues that wildlife management should allow controlled population reduction to reduce lion attacks while still protecting the species long-term.
The document provides an overview of the history and current status of the mountain lion population in the United States, noting that while the species was once endangered, their numbers have rebounded dramatically which has led to increased attacks on humans. It argues that a future ballot measure should retain the ban on sport hunting but allow wildlife management to control the population in order to both reduce attacks and protect the lions long-term.
The agenda covers the business of the North Carolina FBLA board of directors meeting on September 21st and 22nd. On the first day, the agenda includes officer reports, unfinished business such as directory updates and budget items, and new business such as professional division scholarships. The evening will include dinner and discussions on upcoming events. On Saturday, the agenda focuses on committee reports, including the SLC schedule, online testing, and regional website forums. Discussions will also cover membership, competitive events, and planning for the state leadership conference.
The document discusses key traits to consider when determining a publication's target audience, including age, educational background, interests, and group membership. It notes that when the target is elementary school students, graphics may be better than text due to limited vocabulary. Common interests and special interest group memberships should also be taken into account when designing publications for their intended readers.
The document discusses different types of business publications and how to determine the appropriate publication based on purpose and audience. It describes business cards, letterhead stationery, flyers, brochures, and newsletters, providing details on their typical uses, formatting, distribution methods, and how long-term or temporary the communicated information usually is. The document then provides examples to help practice determining the best publication type for different scenarios.
The document discusses five principles of design for business publications: balance, proximity/unity, alignment, repetition/consistency, and contrast. It provides definitions and examples for each principle. The principles are meant to help create visually appealing and readable page designs through techniques such as balancing graphics and text, aligning related elements, using consistent styles, emphasizing important elements, and incorporating white space.
This document discusses important principles for effective business publications, including design, audience, and purpose. It notes that publications must grab attention, present information attractively and concisely. Key design principles are balance, proximity, alignment, repetition, contrast and white space. Understanding the target audience's age, education, interests and groups helps appeal to them. Publications' purposes include providing contact information, advertising events/products, and informing groups through newsletters.
The document provides information on different types of internet search tools including search engines, meta-search engines, and subject directories. It discusses how search engines use computer programs to match keywords to web pages while subject directories are developed and maintained by humans to organize websites into categories. The document also outlines various internet search methods such as keyword searches, field searches, Boolean logic, and miscellaneous methods including different language and spell check features.
The formula used to calculate the total price per order is:
=Quantity * Price
This multiplies the quantity ordered by the price per item to get the total price for that item. Formatting the control property as currency formats the result of the calculation to display as a dollar amount.
Hiding the repeated Customer label and name field in the subform cleans up the appearance and focuses the user on the relevant order details rather than redundant customer information. The subform header is also hidden since it is unnecessary in this case.
Please let me know if you have any other questions!
A database report is used to organize, group, and summarize data from one or more database tables or queries. Reports allow data to be presented attractively with custom formatting and graphics. They offer advantages like grouping data from multiple tables, performing calculations, and adding headers while allowing the report to be saved, updated, and printed in different orientations. Reports contain sections like page headers, group headers, report headers, details, group footers, and page footers to display things like column headings, grouped data fields, titles, summarized data, and page numbers.
The document discusses database queries, forms, and reports used in business. It explains how a query relates four tables to find out which products were ordered by each customer. The query uses fields from the Orders, Purchase Orders, and Grocery Products tables. A relationship between common fields is required for a subform to communicate with the main form. The query results are then displayed on a Customers form that uses a subform to show order details for each store.
This document discusses database queries, which extract information from one or more tables using filters and selection criteria. Queries can be saved and reused, unlike filters which are one-time tools. The document outlines comparison operators like equal to, less than, and greater than that are used to build queries, as well as conditional operators like AND and OR. Forms and reports are also mentioned as other database objects that can be created using tables.
Forms are database objects used for data entry and retrieval. They provide a user-friendly interface that can include menus, instructions, and graphics. Forms are commonly used for tasks like online reservations, entering contact information, and electronic card catalogs. They allow for faster searching and data entry while making information easy to read and understand, and allow censoring of certain data fields. Common elements of forms include graphics, data from database records, calculations, controls to define data use, descriptive text, and subforms embedded in the main form.
Here are the steps to create this query:
1. Open the query design view
2. Add the Historic Inns table to the query design grid
3. Add the following fields from the Historic Inns table:
- Name
- Rooms
- Pets
4. Add the Location table to the query design grid
5. Add the following fields from the Location table:
- Street
- City
- State
- Zip
- Phone
6. Set the sort order for the Name field to Ascending
7. Set the criteria for the Rooms field to < 10
8. Set the criteria for the Pets field to = Yes
9. Save the query as PetsAllowed
The document discusses database uses in business and society. It explains that a database organizes, stores, retrieves, and communicates related information through tables. Tables contain records made up of fields. Common database uses include phone books, online library catalogs, payroll data, and online retailers' customer and inventory databases. The document also covers data types, field properties, primary keys, relationships between tables, sorting and filtering data, and importing raw data. Maintaining accurate and up-to-date information through continuous database management is important for effective data retrieval.
The document discusses database tables, which are the fundamental building blocks of databases. It defines key concepts like records, fields, and entries. A record contains all the data fields for one item, like a customer. A field is a single piece of data like a name. An entry is the actual data in a field, like "John Doe". The document provides examples of database tables and their structure, with rows representing records and columns representing fields.
- Database tables can be linked together through relationships that connect common fields, called primary keys, between tables. This allows data to be stored separately but managed and retrieved collectively.
- A relationship links data between individual tables and increases the usefulness of a database. A primary key uniquely identifies each record in a table and is used to link tables together through relationships.
- Junction tables are used to join primary keys from multiple tables and allow those tables to share information through a many-to-many relationship.
Data types and field properties format data in database tables. Data types define the type of data in a field, such as number or text. Field properties define how the data is formatted, like limiting text fields to a certain number of characters. Setting the proper data types and field properties allows data to be sorted, searched, and used in calculations correctly. Common data types include text, number, date/time, and currency. Field properties include field size, format, and input masks to control how data is entered.
The document discusses charts and graphs used in business, including their components and purposes. It explains that charts visually represent spreadsheet data in a way that highlights trends and relationships. Charts contain elements like data series, titles, axes, labels, legends and more. Examples of using charts include representing sales trends, expenses, and stock prices. The document identifies key chart components and their functions.
1. I. Main Types of Business Ownership Table
Type Sole Proprietorship Partnership Corporation
Owner(s) One person Two or more people One or more
shareholders, who has
one vote per share
Manager(s) May be owner Determined by Managers, board of
partnership directors, and
agreement shareholders
Formation Begin buying and Vary by states Filing of an article of
selling goods or incorporation with
services, plus may state government
vary by states
Advantages 1. Easy to form 1. More capital and 1. Capital easy to
2. Complete control of credit available obtain
business than a sole 2. Limited liability for
3. Recipient of 100% proprietorship shareholders
of the profit 2. Work load shared 3. Possibility unlimited
4. One time taxation 3. Losses shared lifetime
Disadvantages 1. Limited capital 1. Profits shared 1. Double taxation:
2. Unlimited liability 2. Decisions made profits and
3. Limited lifetime of jointly earnings
owner 3. Unlimited liability 2. Government
depending on regulations
partnership type 3. Operations
controlled by
shareholders and
board of directors
instead of original
owner(s)
6200/6600 Principles of Business and Finance Summer 2010 Page 77
2. Type Sole Proprietorship Partnership Corporation
Liabilities 1. Employment 1. Employment 1. Employment
2. Accidents and 2. Accidents and 2. Accidents and
injuries on injuries on injuries on
premises premises premises
3. Company vehicle- 3. Company vehicle- 3. Company vehicle-
related related related
4. Product-related 4. Product-related 4. Product-related
5. Errors and 5. Errors and 5. Errors and
omissions omissions omissions
6. Directors and
officers
Examples of 1. Employment: Manager fires an employee that missed significant
liabilities days from work.
2. Accidents and injuries on premises: Customer breaks a leg while
on business property.
3. Accidents and injuries on premises: Driver runs into a building
while driving company’s car.
4. Product-related: Toddlers are easily injured by a sharp edge of a
toy.
5. Errors and omissions: Employee accidentally damages a
customer’s property.
6. Directors and officers: One food ingredient that may cause cancer
is intentionally omitted from package.
Termination Decision or life of Actions of the Determined by charter
owner partners, or unlimited lifetime
bankruptcy, death,
and/or court order
Source(s) of Personal, gifts, Personals of Purchase of stocks
investment borrowed, and others partner(s), gifts,
may vary borrowed, and others
may vary
Examples of Answers will vary. • South Railroad • Bank of America
business Limited Partnership Corporation
ownership • Eden Limited • Lowe’s Home
Partnership Improvement Store
II. Other types of business ownership
A. Specialized partnership
Limited liability partnership
B. Types of partnerships
1. Dormant partner
2. General partner
3. Secret partner
4. Silent partner
6200/6600 Principles of Business and Finance Summer 2010 Page
78
3. C. Specialized corporations
1. Subchapter/S-corporation
2. Limited liability company
3. Nonprofit corporation
D. Types of corporations
1. Domestic
Example: SAS Institute, Inc.
2. Foreign
Example: 1-800-flowers.com
3. Alien
Example: Toshiba
4. Public
5. Private
E. Cooperatives
F. Franchise formats
1. Business-format franchise
2. Product trade-name franchise
6200/6600 Principles of Business and Finance Summer 2010 Page
79
4. 2.1 Types of Business Ownership Key Terms Crossword Puzzle
Directions: Fill in the crossword puzzle using the provided definitions.
6200/6600 Principles of Business and Finance Summer 2010 Page
80
5. Types of Business Ownership Key Terms Crossword Puzzle Continued
Across
5. Two or more persons to carry on as co-owners of a business for a profit.
9. Each stock equals one _______ at the shareholder meeting.
10. Type of liability in which you can lose all your assets.
16. Formed by the way two or more people conduct their business (4 words).
17. Entity with the legal authority to act as a single person.
18. Partner has an active role, but unknown existence.
19. Grants permission to sells its products and services as a business.
Down
1. Business owned by one person (two words).
2. Partnership formed after they agree to conditions in a contract (two words).
3. Type of corporation that benefits the public and receives a tax break.
4. Abbreviation for a partnership with limited liability.
6. Partner has no role, but is known to public.
7. Type of taxation on a corporation.
8. Type of liability in which you only lose your initial investment in the company.
11. Partner plays no role and is not known to public.
12. __________ of incorporation.
13. Partner has an active role, unlimited liability.
14. Formed by a group to gain bargaining power.
15. __________venture is a special project for a limited time.
6200/6600 Principles of Business and Finance Summer 2010 Page
81
6. Best Form of Business Activity
Directions: Read the scenarios and provide responses in your own words to the
questions in the spaces provided.
Scenario 1
Mary makes jewelry for her own business named The Design For You. She needs help
in completing orders to make necklace and earring sets in a timely manner. Mary
prefers working alone at her own pace. Mary’s cousin named Greg has expressed
interest in starting a business too. He likes using his hands, designing things, and has
access to jewelry making tools too.
1. Should Mary hire Greg to help her make the orders for jewelry or form a partnership
with him? __________________________________________________________
2. Compare the advantages and disadvantages of hiring Greg and remaining as a sole
proprietorship.
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
3. Compare the advantages and disadvantage of forming a partnership with Greg
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
Scenario 2
Teri enjoys assisting other students with their homework. Her neighbor named Francis
volunteers in assisting younger students with their homework in an after school
program. Teri and Francis talked about forming a partnership and expanding their
services.
1. Should Teri and Francis form a partnership? _______________________________
2. Compare the advantages and disadvantages of them forming a partnership
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
6200/6600 Principles of Business and Finance Summer 2010 Page
82
7. Best Form of Business Activity Continued
Jade and John own and operate several ice cream stores. Jade is interested in
expanding the business by offering additional services and opening more locations.
John reminded Jade that they will need more resources in order to expand. Jade
suggested that they offer shares to relatives to finance the expansion.
1. Should Jade and John form a corporation? ________________________________
2. Compare the advantages and disadvantages of them forming a corporation.
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
6200/6600 Principles of Business and Finance Summer 2010 Page
83
8. Name_________________________ Class _________________ Date _________
Sole-Partners-Corporate Activity
Directions: Work as a sole proprietor, partnership, or corporation to provide responses
to the scenarios in the space provided. Be prepared to present your findings.
Sole Proprietorship Scenario
Mary Jones operates her own staffing agency. Mary has about 30 steady employers
that request her services to send temporary workers for various jobs. She handles all
the financial, advertising, operations, and management issues for the agency. Mary
used a gift of $10,000 from her grandmother to start the agency. She would like to
expand the agency. She uses all her profit to sustain her personal living arrangements.
After seven days of constant rain, Mary realized soon after the rainy days that water is
leaking from several places of the roof. She is planning to borrow money to have the
roof repaired.
Complete the table using information from the scenario
Type Sole Proprietorship
Owner(s)
Manager(s)
Advantage(s)
Disadvantage(s)
Source(s) of investment
Other information
Consider the responses to the
above items, what should the
business owner do with the
business? Why?
6200/6600 Principles of Business and Finance Summer 2010 Page
84
9. Name_________________________ Class _________________ Date _________
Sole-Partners-Corporate Activity
Directions: Work as a sole proprietor, partners, or corporation to provide responses to
the scenarios in the space provided. Be prepared to present your findings.
Partnership Scenario
Max and Tim enjoy skiing so much that they are thinking about opening a ski resort.
Max recently inherited about 100 acres of land in the mountains. This amount of land
will easily accommodate a ski resort. Tim has about $30,000 in his saving account.
Tim’s neighbor operates a successful business. Both of them have limited knowledge
about operating a business. They talk about offering ski slopes, equipment, housing,
food, and entertainment at the resort. Max may have to continue working his full-time
job as a teacher even once they opened the resort. Tim is ready to quit his job as an
attorney right away and start the business.
Complete the table using information from the scenario
Type Partnership
Owner(s)
Manager(s)
Type of partners should be
considered
Advantage(s)
Disadvantage(s)
Source(s) of investment
Other information
Consider the responses to the
above items, what should they with
their resources and desire to open
the ski resort? Why?
6200/6600 Principles of Business and Finance Summer 2010 Page
85
10. Name_________________________ Class _________________ Date _________
Sole-Partners-Corporate Activity
Directions: Work as a sole proprietor, partners, or corporation to provide responses to
the scenarios in the space provided. Be prepared to present your findings.
Corporation Scenario
A company wants to expand to several other cities. The board of directors proposed the
option of selling 300 more shares to obtain the funds. The company stock value has
decreased about 1% over the past year. The corporation has earned an average profit
of over $40,000 for the past three years.
Complete the table using information from the scenario
Type Corporation
Owner(s)
Manager(s)
Advantage(s)
Disadvantage(s)
Source(s) of investment
Other information
Consider the responses to the
above items, should the company
pursue its expansion plans? Why?
6200/6600 Principles of Business and Finance Summer 2010 Page
86
11. Note: These assessment prototypes are examples of the types of items included in the
item bank. All items are comparable to the cognitive process of the understand verb.
Questions require students to demonstrate that they understand the content.
Assessment prototypes will not be used on the secured test, but questions in similar
formats will be used.
A company sold 500 shares of stock and still relies on a central body of people for
financial directions. This is an example of what type of business?
A. Cooperative
B. Corporation
C. Partnership
D. Sole Proprietorship
ANSWER:
Joe invested $500,000 into his sole proprietorship. He lost a $1 million lawsuit and does
not have any liability insurance. As a result of the lawsuit, how much will he have to
pay?
A. $0
B. $500,000
C. $750,000
D. $1,000,000
ANSWER:
Wendy is free of obligation of a role in her business and is an unknown partner, but she
collects some of the profits each month. This is an example of what type of partner?
A. Dormant
B. Limited
C. Silent
D. Secret
ANSWER:
Mary works alone in her catering business and enjoys scheduling her daily routine. She
is experiencing which advantage of a sole proprietorship over a corporation?
A. Owner control of decisions
B. Owner limited life
C. Owner recipient of 100% of the profit
D. Owner unlimited liability
ANSWER:
6200/6600 Principles of Business and Finance Summer 2010 Page
87
12. Liability is for which anything a company owes.
Specialized Partners
1. Dormant partner plays no role and is not known to the public.
2. General partner plays an active role and has unlimited liability (every partnership
must have at least one general partner).
3. Limited participate as investors and have limited liability.
4. Secret partner plays an active role but is secret from society.
5. Silent partner does not have an active role but is known to the public.
Franchise Formats
1. Business-format franchise requires franchisee to sell products or service in a specific
format.
Examples
Jackson-Hewitt Tax Services
Burger King
Firestone Tires
2. Product-trade franchise allows franchisee to sell specific products. This format is
usually formed by automobile, appliance, and petroleum product.
Examples
Marc Jacobson Toyota
Bobby’s Appliance store
Local stores selling Shell brand of gasoline
Types Corporations
1. Domestic corporations are chartered in a specific state.
2. Foreign corporations are chartered in one state but doing business in another state.
3. Alien corporations are chartered in another nation but doing business in a state.
4. Public corporations are established for governmental purposes.
5. Private corporations are established by individuals for business or charitable
purposes.
6200/6600 Principles of Business and Finance Summer 2010 Page
88