Filed with the corporation and securities bureau in a state department of commerce; they identify the name and address of your business, its purpose, the names of the initial directors, and the amount of stock to be issued to each director.
Sub-chapter S Corporation
A small business that is taced like a partnership or proprietorship
The usefulness created by changing the shape of a good to make it more useful to customers. Manufacturers can create form utility by changing their products according to the market research information from customers.
Under this plan, the customer is usually required to make a down payment and a series of continuing payments for a specified period of time
When the borrower does not have the collateral or credit history to obtain a loan, the lender often request another person to co-sign for the loan.
An incomes statement that summarizes a business's revenue and expenses over a period of time.
Laws that offer remedies to individuals harmed by the unreasonable actions of others.
Types of torts
-Intentional: Offenses committed by a person who attempts or intends to do harm. -Negligence torts: acts of leading to injury are neither nor intended. Accidents that could not be prevented are not negligence.
System of courts that interprets and apples the laws in the name of the state. The judiciary also provides a mechanism for the resolution of disputes. Under the doctrine of the separation of powers, the judiciary generally doesn't make laws.
Cost of Duty
To recover damages from a business charged with the tort of negligence, the plaintiff must prove four things: -the existence of a duty -the breach of that duty -the existence of an actual injury -the cause for that injury
Programs serve as unlawful infringement on the rights of majority groups. Title VII prohibits discrimination against any group.
Computer hacking and taking people's personal information online violate privacy rights. Businesses must be careful to follow laws and develop and publish privacy policies for posting on their websites which may reduce potential lawsuits
The increase in revenue that results from the sale of one additional unit of output. It's calculated by dividing the change in total revenue by the change in output quantity.
The rate at which an employer gains and loses employees. "How long employees tend to stay" It is measured for individual companies and for their industry as a whole.
Term used to describe the individuals who make up the workforce of an organization. In governing human resources, three major trends are typically considered: -Demographics -Diversity -Skills and qualifications
SOW (statement of work) is a document that outlines the terms, commitments and condition of the project. The Scope State is a component of the SOW that clearly defines what the team project will do as well as what it wants to do
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