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  • Definition Of Business Ethics
    1,340 words
    Business ethics; what does it really mean? Some say it's an ox y moron and the two words can't exist together as a concept. These people will tell you that within business, there is no room for ethics and ethical behavior. Others will explain the need for businesses to practice good ethical and moral values within their company, and the importance of this to our society. For me, in the past, I honestly never gave the idea or term a second thought. Now after learning so much of business in our so...
  • Discrepancy Between The Ideal View Of Business
    729 words
    'Outline the argument for and against business having social responsibilities beyond that of making a profit. In the light of this, do you think businesses should make charitable donations to the Tsunami appeal? Justify your answer. ' 26th April 2005 To best understand the nature of the posed question I propose the articulated finding of the widespread acceptance that cooperate official and labour leaders have a 'social responsibility' that extends beyond the realm of serving shareholder and its...
  • Current Liabilities O Working Capital Ratio
    1,516 words
    ROLE OF FINANCIAL MANAGEMENT- Financial management is one of the functions of management- Financial management is concerned with Profits and losses of operations o Control over fund so Ensuring appropriate cash flow is available Chas management Raising funds / controlling internal fund so Investment of fund so Cost control / pricing o Forecasting / measuring financial performance against expectations- Accounting is a subset of financial management. Financial transactions must be recorded, classi...
  • Amount Of Money A Business
    1,184 words
    There are many different fields in the business world. Business Management is the largest field in the corporate world. It takes responsibility, skill and determination to form a successful business of any type. There are numerous areas within a business that need the skills of management. Control of expenses, payroll, time management, and to initially raise capital to start a business all are areas in which management has to play an important role. Any businesses main objective is to gain a pro...
  • Ethical Consumerism Of Third Generation Businesses
    2,982 words
    THE ETHICAL IMPERATIVE Today's businesses are entrenched in a great conflict. The interests of the stockholders and the interests of the populace at large seem to be in constant turmoil. On one hand, stockholders desire profit for themselves, and on the other, the general population does not care to be exploited by those whose sole motive is profit. This is a conflict because those who buy a business's products tend to be in the general public, and they have the ability to make or break a compan...
  • Silas Acts As An Economic Agent
    501 words
    Literature & Economics Memo #2 In Silas Marner by George Elliot, the main character Silas Marner is a weaver whom is intent on collecting as much money as he possibly can. Through his work, Silas is similar to and different from the economic agent. An economic agent is a term assumed by economists to describe a person who buys, sells, works, and or makes decisions in an economic setting. When this term is applied to Silas, the similarities and differences to the term are made evident. After Sila...
  • My Business A Success In Leytonstone
    2,785 words
    Report: To: From: Date: 4th February 2003 Introduction: As part of my GCSE Business Studies Coursework assignment Marketing Strategies (London Board syllabus 1503), I have researched into the potential opportunity to set up a sports shop in Leytonstone. I have decided to call my sports shop, "The Sports Centre". I would be looking to sell all types of sports equipment ranging from jerseys to balls to sports protection and trainers. Action Plan: I have drawn up an action plan so that I can approa...
  • Profit Loss Account
    395 words
    Balance sheet - The last essential document in the financial section of the business plan is the balance sheet of the business at the beginning of the first month of trading. Balance sheets are different from profit loss accounts which show profits for a time period such as a year. Balance sheets show the state of the business at one moment in time. Balance sheet Fixed Assets lb lb premises 30,000 machinery 10,000 Other equipment 2,000 42,000 Current assets Bank 10,000 Petty cash 250 10,250 Curr...
  • Profit Maximisation A Good Indicator Of Success
    1,424 words
    Sometimes profit can be seen as a good indicator of the success of an organisation, but this is not always true. Everything depends on what an organisation thinks of success. The Oxford's Dictionary (2000) defines "Success? as: "the fact that you have achieved something that you want and have been trying to do or get? An organisation may have different aims than the profit maximisation; therefore I would like to explain the different kinds of organisations. The diagram above is a very simple div...
  • Business O The Owner
    847 words
    There are many different businesses out there in the big old world, from fast-food outlets to solicitors. The similarity that businesses can share even if there as complete opposite as a fast-food outlet to a solicitor is the way they have there legal structure. To create a successful business dependent on the type of work, four different legal structures can help succeed in what you desire. SOLE TRADER - A sole trader is the simplest legal business structure and consists of just one individual ...
  • Business By Its Owners Debt Finance
    5,915 words
    The strategic role of financial management Financial management refers to how businesses raise, use and monitor funds. It involves the processes of planning, monitoring and controlling the business's financial position and performance. Effective financial management will allow a business to maximise profits, increase the wealth of its owners and expand the business. Its strategic role is to give the business long term, big picture goals to aim for, as well as the specific objectives needed to re...

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