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Before deciding how to organize an operation, prospective entrepreneurs need to identify the legal structure that will best suit the demands of their business. This is important when considering tax and personal liability, and the availability of capital. Three primary legal forms of organizations are the sole proprietorship, the partnership, and the corporation. There are advantages and disadvantages to each type of business ownership. The entrepreneur’s specific situation, concerns, and desires will dictate the form of business ownership that is appropriate for the business. What are the different types of legal structures and some advantages and disadvantages of each? Discuss both reasons for and the risks of buying an existing business or franchise instead of starting a business from scratch.
A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8 per stone for quantities of 600 stones or more, $9 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. The jewelry ..
List and explain 2 external forces that may affect the alignment of organizational strategy and training strategy. Specifically, how do external factors affect whether training is effective?
Finding and reducing waste in service processes may be more difficult than in manufacturing operations, but it is definitely possible and potentially very rewarding. Lean thinking has been applied to the legal profession, healthcare services, acc..
Many real estate agents today have Web sites that list the properties they have for sale. Mass media ?advertising Personal contact
The manufacturing company you work for has a four step assembly process shown in the flow diagram below. What is the maximum output this assembly process could produce in 8 hours? If the capacity of Process 4 is increased to 90 units/hr, how many uni..
Tough face a manufacturer of rock climbing gear
Describe how company might use stages of the new product development process to shepherd the new product through, from idea generation through commercialization
Kenneth Corson, 10, lived with his mother Lynda Lontz, in an apartment building owned by Bruno and Carolyn Kosinski. While playing with other children who lived in the same building. Corson was drawn to a stairwell that provided access to the buildin..
Wendell and Langdon signed a business contract with a clause that provides that if a dispute arises they will submit to binding arbitration to resolve dispute.
When closing a project, who should be the authorizing party to sign off on the closure? Why? What risk do we assume when we do not recognize all the required Inputs as described in the PMBOK for inputs.
Determine the optimal ordering schedule and the total cost. What is the ordering schedule and the total cost (using POQ lot-sizin?).
Compare and Contrast the French Experience in Michigan and the British Experience in Michigan with specific attention
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