Week 1 homework Finance 515 Keller School of Management September 7, 2014 1. What is the most important difference between a corporation and all other organizational forms? A corporation operates as a legal entity distinct from its owners 2. What does the phrase limited liability mean in a corporate context? .Owners of the corporation are called shareholders, and shareholders only risk the investment they made in the business, which is the price of their shares of stock.
Level 2 Certificate in Principles of Business and Administration Unit 1: Principles of personal responsibilities and working in a business environment Assessment Section 1 – Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible, use an example contract to support your answer (feel free to obscure any confidential information). Salary Hours of work Pension infohrmation 2a) List three key points of legislation that affect employers in a business environment. Health and safety Pay and pensions Data protection 2b) List three key points of legislation that affect employees in a business environment.
Section 1 – Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible, use an example contract to support your answer (feel free to obscure any confidential information). Company name and place of work For example: Asda, Newgate lane Pay rate and hours worked for example: £6.80 p/h 20 hours p/w Holiday entitlement and sick leave Confidentiality and disciplinary procedures 2a) List three key points of legislation that affect employers in a business environment. Health and safety Data protection pay 2b) List three key points of legislation that affect employees in a business environment.
For example, a new legislation or a regulatory change of policies from the government will affect business activities. Social factors relate to changes in the behaviour, tastes and lifestyles of communities on a local, national and international scale. In a business, it is important for the marketing department to take account of the various social characteristics of the consumer groups for their target market. Legal factors relate to the laws, regulations and legislations which affect the way a business functions. For example, common law for business balance prohibits paying a little and getting a lot.
Why? DQ 3: What are two platforms that business leaders can use to demonstrate and articulate their purpose, principles, and values? Discuss them. DQ 4: Do you think consumers hold companies responsible for their actions? Why is it important to have a corporate code of conduct?
Using SWOT and VRIO [value, rarity, imitation, organization] analyses, develop a corporate strategy (or strategic direction of the organization – not marketing or business level strategy). How would you structure the organization to support your strategy for Home Depot during Nardelli’s leadership? You may either draw the structure or describe it. S – strengths – product and price W – Weaknesses – O – Opportunities T – Threats V – Value (exploit an opportunity or neutralize a threat) R – Rarity – resource in hands of few? I – Imitability O – can org exploit the resource/capability I am unfamiliar with these.
With so many people around the world entering information online, there was a need to properly categorized data so it can be found by the search engines. Google, Bing, and Yahoo the major players on Internet search engine employed algorithms to help users to find information. Search engines created ranks to classified information, as a means of separating professional written articles from armatures. Perhaps, the most significant metric used by search engines is authority; it measures the degree of information on a specific keyword or term. Some of the metrics used to rank web 2.0 applications are the unique monthly visitors, Alexa rank, the number of users, and quality of
What is franchising? (0.5 points) Franchising is a way of turning a company into a parent company with smaller retail outlets owned by independent operators. 5. What can happen to a business owner who has personal liability for their company? (0.5 points) A business owner who has personal liability for a company can be held personally accountable for the financial debts and illegal actions of the company.
Identify four main points that would be included in a contract of employment. If possible, use an example contract to support your answer (feel free to obscure any confidential information). Employers Name Employees Name Job Title Salary 2a) List three key points of legislation that affect employers in a business environment. Health & Safety Employment Rights & Responsibilities Data Protection 2b) List three key points of legislation that affect employees in a business environment. Pay and Pensions Data Protection Health and Safety Act 3.
In this case, the reputation is determined by the rank of the institute. However, this is not at all straightforward in all cases. When I read an article on the Internet, I base my judgment on a host of different criteria: the credentials of the authors who had written the article, the conference or journal where the article has been published, and so on. Therefore, determining the reputation of some system or individual may be based on a host