The first one is that the corporate was found to evade or violate a duty, and disregarding the corporate veil is necessary and required to prevent loss to other…
1.Balance sheet which describes a company's assets and liabilities. 2.Income statement which describes a company's income and expenses. 3.Statement of Cash Flows which describes how corporate operating, investment, and financing activities have affected the company's cash position. 4.Statement of Retained Earnings which describes changes to shareholders equity (for example a payment of…
The Current state of wrongful dismissal in Employment Law and why we believe it needs to be changed. The current state of wrongful dismissal is that damages are awarded based on what notice of lieu an employer/employee receives (Richard A. Yates, 2011). Weakness for employee: • Not compensated for pain and suffering, only awarded difference of notice they should have received and benefits/pension they would have received (Richard A. Yates, 2011).…
LIT1 Task 310.1.5-02, 11, 13 Objective 310.1.5-02: Situation A. The Family and Medical Leave Act of 1993 does apply in this instance and the employer has not violated the act. Company X is a private sector business and has more than 50 employees, thereby being covered by the Family and Medical Leave Act of 1993.…
Specifically, if Jeb’s wind farm business and Arcadia Sports were created as either limited or limited liability partnerships, there would be a change in how the debt would be handled. Particularly, with regards to Arcadia Sports, those seeking debt repayment for Jeb, would be entitled only to Jeb’s investment in the business, Josh’s assets could not be touched (Kubasek, 2012). If, however, the partnership was formed as a general partnership, both Jeb and Josh would share unlimited liability for each other’s obligations (Kubasek, 2012). As such, Arcadia Sports would be considered an asset towards the repayment of Jeb’s debts.…
Provisions of paragraphs one, seven, and eight are for employees by stipulating the roles the employees are expected to perform. Additionally, it gives wider insights on the responsibilities that are expected from employees. The provisions also provide key terms that should be followed in the contract. Question 4 The provisions of paragraphs two and four are intended to protect the confidential information of the company and its inventions.…
Memorandum 1: On Advice to Sucha Tees: Standing and Probability of Success in Suit against BVD Partners, Bertie, TMI, and Vinnie (1) Sucha Tees v. BVD Partners, 2) Sucha Tees v. Bertie, 3) Sucha Tees v. TMI, 4) Sucha Tees v. Vinnie) I. Issue and Relevant Questions Sucha Tees seeks payment for $1000 spent on their custom t-shirts? Do all four defendants—Vinnie Pacciotto, Bertie Vastar, TMI, and BVD Partners—all assume liability for the payment? If so, how will payment be divided?…
Introduction/Key Issues: The Costas family had developed a successful business founded by Mike Sr. and his wife Maureen. They both dedicated much time and effort so that they would be able to provide a good lifestyle for their family. Maureen was the company’s official bookkeeper and thanks to her frugal business decisions the company was able to grow. But when the second generation got introduced and started to work on the company neither Maureen or Mike Sr. had developed an effective succession plan that involved their 2 sons, Mike Jr. and Robert, and her daughter, Vanessa. Mike Jr. was his father’s pride; Mike Sr. saw his own resemblance when he looked at his son.…
Fiduciary duty refers to a legal obligation to act purely in the interests of another party. The party that owes the duty is known as the fiduciary, while the party to whom the duty is owed is known as the principal. The fiduciary is not allowed to benefit from this relationship unless the principal expressly consents to it. In addition, the fiduciary should not have any conflict of interest with the principal. Furthermore, in cases where the fiduciary has several principals, the fiduciary should make sure that is there is no conflict of interest between the principals (Cassidy, 2006, pp. 219).…
Related Diversification Disney over the years has built itself into a related diversification company. This essentially means that they have been able to expand their business and product lines into activities and industries that were similar to what they were currently offering. Some examples of this process would be the introduction of Disney theme parks for families to attend as well as the addition of Disney Channel in 1983. These two different market segments are good examples of related diversification because they make Disney original business, the production of animated children movies, easier to deliver to their target market.…
Lincoln Electric Final Exam Success of Lincoln Electric Lincoln Electric has created a unique culture in the organization that motivates its employees to deliver remarkable results and takes great pride in being the best manufacturing company in the world. There are several factors that contribute to the success of Lincoln electric: Strategy: Lincoln’s strategy has remained consistent for several decades to create the best quality product at the lowest cost and pass on the savings to its customers. This philosophy and consistent strategy have been a major driving factor in Lincoln’s success. Rewards: The second success driver has been Lincoln’s compensation policy that gives every individual worker an opportunity to earn and develop their…
1.1Customer requirements are reliably identified through consultation with customers and key informants and through market research or other information collection techniques. a. Wal-Mart is a biggest rebate retailer on the planet. It is American multinational retail enterprises who help the individuals to spare cash and live better life – at whatever time and anyplace in retail location or online through cell phone. Wal-Mart is giving vastly improved client benefit as contrast with past time. As we know Wal-Mart have parcel of clients and they all are from diverse classes.…
Problem Identification: Surface problem: The surface problem that is currently faced by Green Horizon is whether the CEO of the company, Ram, should hire back Hari Shukla a previous employee who left on bad terms. Root problem: The small company size of Green Horizon and its ability to be easily poached by larger corporations. Thus, this company is failing to offer opportunity, growth and possible salary increases to its employees due to size. Situational Analysis:…
The Walt Disney Company (Disney) utilizes a related diversification strategy. Related diversification “involves diversifying into businesses whose value chains possess competitively valuable ‘strategic fits’ with value chain(s) of [a] firm’s present business(es)” (Geiger, 2004). Strategic fits occurs when value chain activities of diverse businesses are similar to current opportunities for cross-business sharing or transmitting of the resources and capabilities that facilitate these activities (Thompson et al., 2016, p. 217). Disney utilizes this strategy with its numerous businesses organized into its five divisions of its business units (BUs): media networks, parks and resorts, studio entertainment, consumer products, and interactive media,…
During the early years in America women did not have the same right and the privileges as men. Women were given , the role to stay at home to take care of the children and tending to domestic affairs. This changed when Congress passed the constitutional amendment allowing women to vote. Though the amendment failed In 1972 the Equal Rights Amendment was submitted by congress.…