Problem solving questions Essay Example | Topics and Well Written Essays - 3000 words

Problem solving questions - Essay Example It includes also an incorporated limited partnership. Once a partnership is formed, every partner becomes the agent of the firm and other partners in relation to the business of the firm. Thus, every act of partner for the purpose of business except in the case of incorporated limited partnership shall bind the firm and other partners provided the partner acts within his authority to act for the firm in specific cases and the person whom the partner is dealing with believes him to be the partner having authority. In other words, if the person dealt with by the partner knows that the partner has no authority, his acts cannot bind the firm nor other partners. The same holds good in respect of a general partner vis-a-vis the firm and other general partners. Section 13 (1) of the Act lays down that all partners except in the case of an incorporated limited partnership are liable jointly and severally for the liabilities of the firm that have risen whilst being partners. S 13 (2) if the p artner who is an individual dies, his/her estate is severally liable for the liabilities of the firm after satisfaction of his/her separate debts. Same holds good in case of incorporated limited partnership for a deceased general partner. The general partner of an incorporated limited partnership is liable only in respect of unsatisfied liabilities of the firm or more as per the partnership agreement. ... As the partnership business is in common, the partners should disclose material facts that affect their partnership failing which it would amount to misrepresentation on the part of those who fail to do so. Further, a retiring partner can by a condition of restraint of trade be prohibited to start a competing business within the locality for a pre-determined period. Further, a partnership contract cannot be assigned (Gilles, 1988). Application In view of the above important provisions governing partnership business, Jody whose capital will be at stake must have the partnership agreement reduced to writing. And Jody must be entitled to a proportionately higher share of profit and reserve to herself the right to take important decisions in day to day management. This does not mean the other partners are not liable to loss that may occur due to Jody’s decision making. Conclusion Jody can enter into partnership with Mike and Sarah keeping in view of the limited capital or no capit al Mike and Sara may bring in and also have an agreement in restraint of trade on the retiring partners including Jody herself. Consequences The proposal to enter into partnership agreement among Jody, Mike and Sarah will be viable subject to the above conditions therein. 2. Tort- negligent misstatement Issues: Whether Amy can sue Betty for her wrong advice tendered to Amy as a result of negligent misstatement? Law and cases: In order to prove negligence on the part of defendant, claimant should satisfy three conditions. That defendant had a duty of care to the claimant; this was breached by the defendant; that the damage caused by the breach of duty was

Effects of Technology in Administrative Office Systems Essay - 1

Effects of Technology in Administrative Office Systems - Essay Example ed turnaround such as Smartphone, the Internet and tablet PCs has shown signs of certain disadvantages that may have long-lasting effects if not addressed timely. Since connectivity to the internet is not an issue anymore it is possible to access both personal and office related work via the internet just about any time during the day. All one needs to do is to log into the internet and begin to access your work while even sitting at your home. " Typically, the concern about our dependence on technology is that it detracts from our time with family and friends in the real world. ... It may be that the immediacy of the Internet, the efficiency of the iPhone and the anonymity of the chat room change the core of who we are." (Pope, 2010) Administrative Offices have many managerial tasks at hand. It is imperative that their details be discussed in order to narrate the changes that would be bought with the fusion of technology in them. For a conventional office system administrative tasks may merely be as simple as the maintenance of records of the employees working for an organization and the maintenance and generation of their payroll, regularly, on a monthly basis to the strategic tasks as those involving major business decision making. Managing of administrative knowledge, in a knowledgeable manner is the key to betterment in the implementation of these processes. Shannak researched the effect of managing knowledge upon administrative decision making and quotes the following as part of his research, "Knowledge Management is a technique that seeks to improve the performance of individuals and organizations by making use of the present and future value of knowledge assets. It is presumed that the performance will be improved by providing the right knowledge to the right people at the right time." (Shannak, 2010) The introduction of technology has revolutionized the nature of administrative office tasks. The transition from manually entered official data in a

BUSINESS MODELS, CUSTOMER & CROSS-CULTURAL EXPERIENCES Assignment - 1

BUSINESS MODELS, CUSTOMER & CROSS-CULTURAL EXPERIENCES - Assignment Example The company can use the pricing strategy. That can involve a low penetration cost that is backed by high low levels of advertising. That would ensure that the consumers are attracted to the company products by the low prices. The other strategy could be the use of high prices and high levels of advertising. The high prices would compensate for the high advertising costs that are incurred by the company. The company should not rush into manufacturing because the amount investment could end up as a loss if the products are not approved. If I was the CEO of the company, I would first await for the approving of the product before I go ahead with manufacturing. The main idea of the business was to establish a strategy that will ensure that there is stability of the business even if there are instances of substitutes or entrants of new companies into the industry. That will ensure that the business gains brand royals that will ensure that there is smooth running of the business. There is also an attempt to ensure that the quality of products is maximized so as to reduce the bargaining of customers. The best customer experience I had was when I was been attended to in a local hotel. The service in the hotel was awesome and it was as a result of the good customer service that I received from the hotel attendants. I had expectations of a good service; however, I did not expect it to be of such a high quality as it was displayed in the hotel. The service was awesome as compared to my expectations and that is what made my day awesome. The service counts as my best service because I was able to at least have quality customer service and the hotel had a good feedback system in which I could air my grievances or complains (Brock, 2007). The worst service that I received was in a hospital. I expected the hospital to offer quality services because it was dealing with sick people. The services at the hospital were horrible from the

Should tablet computer replace the traditional Textbook Essay

Should tablet computer replace the traditional Textbook - Essay Example It is time globalization provided something positive to one of the internationally universal sector, academic (Reiss, 2013). Computer tablets are built to increase the efficiency of individual users. With respect to the amount of positive work they can accomplish, it is clear that their prices and usefulness provide a reasonable cost benefit tradeoff. On the other hand, the cumulative cost of all the textbooks needed for completing a course is high which makes the use of e-books cheaper. Although piracy is a crime in the US, the use of computer tablets enables different members of the academic sector to share the academic resources they have. For online courses, tuition fees paid to institutions allows students to have access to online library. With computer tablet, it is economical to access the virtual libraries rather than buying from online vendors (Rock, 2014). Being a student means being able to take notes, solve math problems, erase some errors from written text, draw in art class, and perform complex statistical analysis as coursework. All these activities require the student to have pens, pencils, calculators, and computers. Using a computer tablet combines all these factors together ensuring that the student spends less. Another reason as to why traditional textbooks should be replaced with computer tablets is because the production of textbooks involves the destruction of vegetation cover which suppresses the economy even further. Carrying heavy back packs has been associated with back issues such as injuries and lifelong complications. Carrying textbooks to and from school is an activity that largely contributes to back issues. However, the use of computer tablets resolves the issues associated with carrying heavy textbooks. Due to the small size and standard weight of 1 to 2 pounds makes tablet computers suitable for cutting back on back health issues (Tablets-Textbooks, 2014). In

The American Congress Essay Example | Topics and Well Written Essays - 750 words

The American Congress - Essay Example This research paper aims to show the possible improvements within the public policy making process of the legislation under the condition when the federal legislative terms of the members of the Congress are limited. This study will first narrate a short background of the American Congress. It will discuss the specifications of the offices held by the members of the Congress – both the House of Representatives and the Senate. It will then discuss the positive and negative effects when the office terms of the members of the Congress are shortened. The American Congress: the House of Representatives and the Senate The legislative branch of the American Federal government consists of members of the Senate and the House of Representatives. The legislation’s primary task is to create Congressional bills that are subject to executive review and Congressional votes – those of which pass as state laws afterwards. The legislature also has the power to approve executive de cisions through two-thirds vote of the chamber. Petitions for impeachment are deliberated by the House of Representatives which are then elevated for trials in the Senate. ... The Senate comprises of 100 members - two senators from each state, regardless of population (â€Å"Art & History†). The members of the House of Representatives are elected to serve for two years while the members of the Senate are elected to serve for six years (Smith, Roberts and Vander Wielen 87-121). The American Congress Under a Limited Federal Legislative Term Under the circumstance where the federal legislative terms of the members of the Congress are put to a limit, there are several positive and negative effects to the policy making process of the legislative branch as a whole. The positive aspect about limiting the terms of service of the members of the Congress is the sense of inevitable competitiveness of each of the newly elected individuals into office. The shorter the term of service of the politicians, the more determined they become to out-wit the previous legislative set. Indeed, a sense of competition is naturally established amongst every new set of congres smen/congresswomen. In light with this mentality, it can be assumed that the members of the Congress could produce better policies – policies that would garner the most satisfaction from their constituents and would put the public interest in the forefront. Efficiency in public service is also another positive effect under the condition of limited federal legislative term. Due to the influence of competitiveness, the newly elected sets of congressmen/congresswomen would be forced to produce a more efficient quality of service because they would want their short time in office to be remembered by their constituents. In this case, the American Congress would obviously become more aggressive in terms of

Contemporary business Essay Example | Topics and Well Written Essays - 3000 words

Contemporary business - Essay Example In addition, the report will include examples on Coca Cola, Toyota and leadership style of Bill Gates to support all the discussions. Finally, a conclusion will be provided to summarise all research findings and mentioned business management issues / problems. Before critically analysing the functions and management issues in a global business to identify ways to reduce risk and improve organisational effectiveness, I first would like to throw light over what we mean by efficiency and effectiveness. Organisational efficiency refers to the capability of a business enterprise to produce maximum output with the help of same available sources. In other words, it could be defined as an ability to produce same level of output with fewer sources. The world has become a global village after the contemporary developments and advancements in information technology and communication networks. These recent advancements and improvements in media networks and advertising have greatly affected the attitudes, beliefs, behaviours, lifestyles and perceptions. At the same time, this has also created many business opportunities for enterprises. In fact, many businesses have gone global and have become transnational, multinational or supranational corporations with operations all across the world. Companies today are expanding their operations all across the globe to target a large group of potential customers who are heavily exposed to media, and who now have relatively similar lifestyles (inclination towards a white collar job, brands, facilities, luxuries etc). On the other hand, customers have also become very demanding, since they seek value and are inclined towards new and innovative products. In short, it could be said that busines ses have to deal with a large diverse group of customers who have both willingness and ability towards different innovative and existing products. Businesses usually have many different international market entry

Gaining Power and Influence in the Workplace Essay

Gaining Power and Influence in the Workplace - Essay Example From this study it is clear that  power is the aptitude to control people. Authority is the privilege to influence, control, and transform other people. To elucidate how the reporter gains power and influence in the work place, it is important to describe French and Raven model of power and influence. These two individuals postulated an all inclusive form of collective and shared authority. In doing so, they proposed and recommended various categories of authority. These categories include intimidation, incentive, valid, specialist, referent, as well as informational. People in positions of leadership can achieve power and influence through corporeal and oral intimidations. Power through intimidation can either be applied to a single entity or a group of people.This paper highlights that  achieving power and influence through incentives is practiced in many organizations all over the world. Individuals who are involved in making decisions regarding incentives have all the power a nd influence in the workplace. Valid power and influence is achieved on the basis of how the individual in management position is expected to behave by the public. In referent power, people are known to respect and recognize the authority of individuals that they are capable of forming relationships or associations with. Informational power depends on the status of an individual as some individuals are considered to be more knowledgeable than others.