Lit1 Task 1 Essay - 2041 Words

Peter Nero LIT1 –Task 1 A1a: The Sole Proprietorship is the most common business form in the U.S. It offers the advantages of no-cost, easy startup, and full owner/operator autonomy with regard to business decisions.  · Liability: The owner/operator of a Sole Proprietorship is subject to full and unlimited financial liability for the business. The owner and the company are legally the same entity. The company’s assets are legally the same as the owner’s personal assets.  · Income Taxes: The owner of a Sole Proprietorship pays taxes in the earnings of the company as personal income.  · Longevity/Continuity: Because the owner of a Sole Proprietorship and the business, are legally one and the same, when the owner of the business†¦show more content†¦Ã‚ · Location: Limited partnerships have to be formed in compliance with individual state laws. As long as the partnership is legal in a given state, the partnership may do business.  · Convenience/Burden: Limited Partnerships have extra requirements placed upon them to comply with state regulatory requirements. They must maintain a registered agent to represent them in the state in which they were formed. They are also required to file an informational report with the IRS of the profits passed to the general partners. A1d: A C-Corporation is a business form in which the ownership and the company are seen as legally separate entities.  · Liability: Ownership of a C-Corporation is vested in its stockholders, whose liability is limited to the amount of their investment. The Corporation is liable for all of its debts, and for the actions of employees acting as agents of the organization. Creditors may lay claim against corporate assets, but cannot reach stockholders’ personal assets. Additionally, stockholders have no claim against corporate assets.  · Income Taxes: The Corporation pays both state and federal taxes on its earnings. Excess earnings may be shared with stockholders in the form of dividends, on which the stockholder then pays taxes.  · Longevity/Continuity: C-Corporations can have a perpetual existence. The deaths of stockholders and employees will not cause it to cease operation. However, a stockholder vote can be called to close theShow MoreRelatedLIT1 Task 13125 Words   |  13 Pages(LIT1 Task 1) Sole Proprietorship: This is a type of business is where the business and the owner are one in the same. Sole proprietorship has its advantages and disadvantages just like every form of business. Sole proprietorship is one of the easiest types of business to create. You as the owner can name, organize and carry the business as far as you dream of it going. Sole proprietorship also can have risks; as the owner you cannot bring others into the business, so the responsibility ofRead MoreLIT1 Task 1 Essay1784 Words   |  8 Pagesï » ¿LIT1 Task 1A 1/10/2014 Sole proprietorship: Is the simplest and most common business structure. There is no legal distinction between the proprietor and the business, which means it is autonomous. You are entitled to all profits and responsible for all your businesss losses and liabilities. Liability- This falls directly on the owner. All debts, liabilities and losses fall on the owner. The owners assets can be used to alleviate the businesss debt. Income taxes- All income generatedRead MoreLit1 Task 1 Essay1269 Words   |  6 PagesLegal Issues in Business Organizations Task 1 Zachary Christenson Western Governors University 000447824 Family and Medical Leave Act Situation The Family and Medical Leave Act of 1993 (FMLA) was created to help assist employees deal with the difficulties of home, while creating an atmosphere of job security. The FMLA also helps cover employers from wrongful use of the FMLA by the employees. Although the document is extensive, there are three major provisions of the FMLA that apply to theRead MoreWGU LIT1 Task 1 Essay3621 Words   |  15 Pagesï » ¿Part A Sole proprietorship Sole proprietorships are the most common type of business in the U.S. They are most commonly chosen because they are the easiest type of business to set up and give the sole owner of the company complete control of the company. There are many benefits to a sole proprietorship in regards to control, profit retention, and convenience. In regards to control, the owner of a sole proprietorship has the final say in any decisions. Due to the fact that there are no shareholdersRead MoreStudy Notes for Task 11269 Words   |  6 Pages »Account Options wdrumm3@wgu.eduThis account is managed by wgu.edu. Learn more William Drummond wdrumm3@wgu.edu Account–PrivacyJoin Google+William DrummondWilliam Drummond wdrumm3@wgu.eduAll your Google+ pages †ºAdd account Sign out Settings LIT1 Task1.pdfAdd to DriveEdit onlineDownload originalShareFileViewHelp SUBDOMAIN 310.1 - BUSINESS LAW Competency 310.1.2: Organizational Forms - The graduate can select the appropriate form of organization for a business. 310.1Read MoreMajor Provisions : Family And Medical Leave Act Of 19931072 Words   |  5 Pages Anthony Tryon 000489537 Western Governors University LIT1 Task 1 A1. Major Provisions – Family and medical Leave Act of 1993 The FMLA or The Family and Medical Leave Act allows eligible employees who work for companies that the Act applies to take unpaid, job-protected leave for family and or medical reasons. As stated on US Department of Labor’s website (2015), a covered employer must have 50 or more employees in 20 or more work weeks in the current or preceding calendar year, includingRead MoreLit1 Task a Essay1390 Words   |  6 PagesLIT1: Task 310.1.2-01-06 Task A Sole proprietorship 1. Liability * An owner has unlimited liability both personally and as the company owner. Liability is a disadvantage in a sole proprietorship. 2. Income taxes * The owner is responsible for filing taxes and is allowed to file taxes as part of their personal income taxes. 3. Longevity * This depends completely on the owner and there continued ability to operate the business. The operation of the business can be significantlyRead MoreA Brief Note On Labor And Employment Law1310 Words   |  6 PagesOctober 19, 2015 Robert W. Morley III Western Governors University Rmorle2@ wgu.edu Student ID 000460094 LIT1 – Task 1 – Labor and Employment Law Situation A Employee A has been employed with Company X for two years. Employee A’s spouse gave birth prematurely to twins. He requested leave to be with his spouse, which was granted. Employee A has been on leave for 11 weeks, and has asked to return to work, and to be paid the withheld salary from his 11-week leave. The previous department managerRead MoreLit Task 1 aB Essay2055 Words   |  9 PagesLIT1 – Task 1 (Part A) Sole Proprietorship: * Single Ownership - The single individual always owns sole proprietorship form of the business. The individual owns all assets and properties of the business and bears the risk of losing or gaining from the business. * No Sharing of Profit – The business is owned by an individual, therefore, all of the gains are directly available for the owner to access immediately. There is no friction between owners * One Man’s Control - The controlling

The Gmc G1500 Half Ton Van - 1802 Words

http://www.gmpartscenter.net/auto-parts/gmc/g1500 The GMC G1500 half-ton van offered options like all-wheel-drive and barn-style doors for easy loading of passengers and cargo. This full-sized van is the perfect van for small businesses, large families and any organization that needs a way to offer transportation to more than a couple people. You use your van for both personal and business use, and you make sure that you change the oil and oil filter on a regular basis. GMPartsCenter.net carries genuine OEM parts for your G1500. Electrical – Almost everything in your G1500 needs electricity to run, and the electrical system on your truck is more than the battery. At some point, you will need to replace a fuse or a headlight, but you may also need to replace a starter or an alternator. We have those parts and more like the ignition system, antenna, cruise control, diesel components and distributor. HVAC – Keeping your cool or warm while you are driving is the job of the HVAC system, so you may need to replace worn out parts like compressors or condensers. We have those parts, and we also have heaters, blower motors and fans, switches, sensors and control knobs. Brakes – When you change the pads on your brakes, make sure that other parts are in good shape. We carry brake parts like shoes, calipers, rotors and master cylinders. When you order your G1500 parts from GMPartsCenter.net, you get the lowest price shipped direct to your door. The helpful and empowered parts

Crime in Society Free Essays

Crime is something that is within our world every day. If you were to ask people just walking down the street how they would describe a criminal, most would probably speak of the street criminals. Many people do not pay attention to the white collar crimes or the crimes that are not happening around the area that the live in. We will write a custom essay sample on Crime in Society or any similar topic only for you Order Now Crime to me is something that someone does to break a law. Crime is basically something someone would do if they had lost their job and could not take care of their family. They would fend or what they could get, even if it meant break a law or committing a crime. These people would feel as if there was nothing else out there. Society has the options to view crime as they will. Some will define crime as everything is bad if they are breaking a law, they should be punished. Others would define it to be light for some criminals that have punishments and for crimes like murder some would consider this crime is a death penalty case in some societies. Someone can define crime with any of their opinions. Many people define crime as murder, robbery, or even damage to someone else’s property. Many people would consider these crimes to be punishable by law. An accurate statement and crime that we know to be true would be the shooting that happened this year at the movie theater in Colorado. We know that this crime is true because he had guns and ammo hidden within the theater before the incident occurred. Also, that he killed twelve people and injured more than fifty would be another way to show that it is true. It was well planned and thought out for what he was doing and when he was going to do it. There was also eye witnesses that said he looked ready for way. This was one of the deadliest mass shootings in the United States history to date. After they was finished at the scene of the crime, the cops decided to visit his home, in which to find it booby-trapped and found more guns and ammo. One widely misconception that many people have in the world is that finding someone to pic the crime on is the only thing that the police are worried about when solving a case. This misconception has many mixed feelings throughout the world. My opinion is that as long as they have someone to call a suspect or someone to pin the crime on, they do not care. Another would be that our judicial system is fair to everyone. This statement can be very broad because many things affect the way our system is operated. One last misconception that we have today within the world would be that the death penalty is wanted by everyone. Defenders of the death enalty also suggest that it is a cost-effective way to eliminate the added expense of housing serious criminals in prison for life (Collica Furst, 2012). Many people with the thoughts of the death penalty have mixed thoughts. Many people share the same feelings I share meaning, I do not think that they should be trying to enforce the death penalty until they fix the corrections within the systems and know that for one hundred percent fact they have the person that committed the crime. Other proponents argue that the execution of the offender will bring closure and will allow survivors to move on with their lives (Armour Umbreit, 2007; Gross Matheson, 2003). â€Å"Killing innocents is murder, and if the state does it in our name, because we have demanded it, then we are guilty of it. And if we are all guilty of premeditated murder, then we should all get the death penalty (that is one instance where crime will certainly drop dramatically)† (Leman-Langlois). References: Leman-Langlois, S. , Crime ET Regulations in Society. Retrieved on October 22, 2012 from http://www. crime-reg. com/index. htm Armour, M. P. , Umbreit, M. S. (2007). The ultimate penal sanction and closure for survivors of homicide victims. Marquette Law Review, 91, 381–424. Gross, S. R. , Matheson, D. J. (2003). What they say at the end: Capital victims’ families and the press. Cornell Law Review, 88, 486–516. Collica, K. Furst, G. (2012). Crime Society. San Diego, CA:Bridgepoint Education How to cite Crime in Society, Essay examples

Honey and Mumford Learning Style

Question: Discuss about the Honey and Mumford Learning Style. Answer: Introduction: Learning style refers to a wide range of opposing and challenging theories, which aim to account the variation in the learning systems of an individual. Understanding the learning process gives one the awareness of their preferred learning style, and one can develop their individual learning strategies to overcome the differences between teaching and learning styles. The notion of personalized learning styles has gained worldwide acknowledgment in education and classroom management theories from 1970s. According to Baldwin and Jones 2015, any learning style depends on the emotional, cognitive, and the environmental factors of an individual, as well as the prior experience. It is important for the educators to implement individual strategies for their students. There are several theories on learning styles, amongst those VAK Learning Style and Honey Mumford Learning Style seem to be well established worldwide. One of the most widely accepted learning style is VAK Learning Style, developed by psychologists in 1920s to classify the common ways of learning. Gholami and Bagheri 2013 state that, this learning style uses three major sensory receivers Visual, Auditory and Kinaesthetic to establish the prevailing learning style. Generally, in VAK Learning Style, one or two of these modalities are dominant in the learning process. When a learner chooses the visual mode of learning, he understands and retains new information more accurately, when in the learning process pictures, diagrams, charts etc are presented for instance. A learner with auditory dominant style prefers to listen and understand the new information. He/she responds better in a auditory dominant setting, for instance, in a group discussion or in a lecture. If the student can hear his/her own voice repeating back to the educator, that might be helpful as well. The Kinaesthetic learner prefers the learning process to be dominant wi th physical experiences. He/she will respond best if touching and moving is involved in the learning experience. Amongst the three learning procedures, I prefer the kinaesthetic learning, because I respond better while there are few activities involved in the learning process. While listening to lectures, I take notes; while reading I like to scan the study material first, then to focus on the details about the rest. I also like to learn innovative skills if I can get physically involved, like other kinaesthetic learners. I prefer assembling things and understanding the procedure, rather than looking at a chart and read, the theoretical approaches. However, there are some advantages and disadvantages of this particular learning process. The foremost advantage of the learning procedure is that, there are few situations, where the educator has to follow the hand-on learning, such as trying to train a teenager riding a bicycle. Apart from that, according to Schmeck 2013, the kinaesthetic learning process allows the learners to observe and understand the practical methods, which enhances the learning procedure. Nevertheless, this has also been proven insignificant while the students are trying to learn complex theoretical subjects. If a student wants to obtain high grades in school, there is no other way than reading and writing. Another learning style, Honey Mumford Style, was developed on the work of Kolb, and four distinct learning styles were identified, such as, Activist, Theorist, Pragmatist and Reflector. Activists are those who like to learn things by doing it. They have an open-minded approach and like to brainstorm while learning. The theorists are those people, who like to know the theories behind the actions. They learn by models, diagrams, and statistics and prefer to analyse them. Pragmatists prefer to learn by putting the theories into the practical world. They try to experiment and try new ideas. The reflectors are those, who learn by observing and understanding the experiences. They also prefer to view experiences from numbers of perspectives by collecting data from primary and secondary sources (Manolis et al. 2013). My learning style is reflector, because I follow the careful way of thinking to understand and learn things. I choose to consider all the implications first. In fact, I prefer to observe others talking in the meetings and get a drift about the context to conclude. Just like other styles, this learning procedure also has few advantages and drawbacks. The style raises questions in the mind of the learner and helps them to come up with new ideas, but at the same time, they tend to wait a lot before starting the work and easily distracted. Several theories of learning style have been criticised by many scholars, some of them even questioned the scientific base of the theories. However, many educators have shown that different learning styles have worked in their classroom environment, though if a student wants to score well in his career, he has to follow a combination of different learning styles to enhance their knowledge. Reference List Baldwin, S. and Jones, S., 2015, May. Matching Teaching Style To Learning Style In Higher Education: The Beneficial Impact On University Students' Academic Performance. InELSIN 2015. Schmeck, R.R. ed., 2013.Learning strategies and learning styles. Springer Science Business Media. Gholami, S. and Bagheri, M.S., 2013. Relationship between VAK learning styles and problem solving styles regarding gender and students' fields of study.Journal of Language Teaching and Research,4(4), pp.700-706. Manolis, C., Burns, D.J., Assudani, R. and Chinta, R., 2013. Assessing experiential learning styles: A methodological reconstruction and validation of the Kolb Learning Style Inventory.Learning and Individual Differences,23, pp.44-52.