Tribune Company

Free Enterprise System Free enterprise is a system where the government has very few limitations on business activities and ownership. In this system this government has minimal ownership of an enterprise. The U.S. economic system of free enterprise operates according to five main parts: the freedom to choose our businesses, the right to private property, the profit motive, competition, and consumer sovereignty. In free enterprise you have a right to own and do all of the main parts the the…

and controlled by only one person. The manager can hire a few workers or operators to assist him with the business. The sole proprietorship allotted under the Business Registration Act 1956 where this type of company is easily established and forms the greatest number of registered companies in Malaysia. The registration fee for a sole proprietor is only RM60. Examples of a sole proprietorship: Mini markets, restaurants, convenient stores, burger kiosks, etc. Advantages Disadvantages Easiest to…

business borrowings and to any creditors if his business fails. He will also be held personally liable for any claims that are not covered by insurance. A limited company is registered at Companies House and is a separate legal entity. A company can have buildings, debts, and loans it has to pay back. It is not a person, so if a company goes bankrupt, directors are not responsible for it, no one is responsible for it, and shareholders are only responsible up…

incorporation, a company is recognised as a legal person with its own rights and obligations. Although, being a legal entity, it cannot operate without its organ namely, the Board of directors. The principle of limited liability flows from the concept of separate legal personality in that the assets and liabilities of the company belong to the company and not to its shareholders and directors . 1.2 Directors owe fiduciary duties to the company and are empowered to manage the company in good…

Advantages of a Sole Proprietorship: There are numerous reasons why an individual would decide to begin their business up utilizing a sole proprietorship structure. Beginning a sole proprietorship is substantially less muddled than beginning a formal corporation, furthermore much cheaper. A few states permit sole proprietorships to be shaped without the twofold taxation benchmarks appropriate to generally corporations. The owner of a sole proprietorship is not needed to record a separate…

the amount of investors that are accepted to be on board as business members. Additionally, closely held corporations are private enterprises which do not openly trade their stocks. There are various advantages and disadvantages of a closely held company from a tax reporting standpoint. Due to the organizations structure, the need for accountability for every dollar spent on failed attempts is not necessary. A major tax advantage is that the interest which is accumulated within the organization…

1.1 Explain the differences between the: A. Private Sector Sole Traders – This organisation type mainly relies on the business being owned by one individual. They handle all the financial risk in regards to operating the business for a return of profits. They have the responsibility of dealing with any losses the business makes and bills representing things that have been bought for the business. The normal things would be stock or equipment. Records will be kept for all sales and spending the…

According to World Intellectual Property Organization, a trademark can be defined as "any sign that individualizes the goods of a given enterprise and distinguishes them from the goods of its competitors." The trademark of Magic Wand Remote Control will be the diagonally slanting picture of a magic wand in a rectangular box. The rectangular box will also display the small pictures of electronics and electrical items in the background. The trade mark will connect to the potential customers as…

Neşe Ümit S005003 002- Technology behind the processing of a food product: Gummy Candy 28.12.2014 THE SCIENCE BEHIND THE GUMMY CANDY Gummy candy is a type of soft confectionery that has been first produced by Hans Riegel in Germany in early 1900s. First gummy candy was in the shape of bear and it was called “dancing bear” by its inventor, Hans Riegel himself. Both the dancing bear and the gummy candy factory are called HARIBO which is an acronym for Hans Riegel, Bonn (Hartel, 2014). Turkish…

Cadbury, the worldwide pioneer in the chocolate ice cream parlor market, started in 1824 when a youthful Quaker named John Cadbury opened up a shop in Birmingham. John sold espresso, tea, drinking chocolate and cocoa at his shop. Trusting that liquor was a fundamental driver of neediness, John trusted his items may serve as an option. He additionally sold bounces and mustard. In the same way as other Quakers John had astounding guidelines for the greater part of his items. Around then in…