1. I believe if Sonic stayed as sole proprietorship it wouldn’t be as successful today. Today, an individual as a lot to take care of whether its family, friends, their own issues, the company growing so maybe its going out of state, or just regular stressors, etc. That I believe it wouldn’t have fallen apart because that one person had a lot on their plate and they did not know how to handle it. At least in a proprietorship you have more people to go to and to rely on to make sure you don’t do something that make the situation worse.
2. The advantages in a sole proprietorship would be being your own boss, no special taxes, retention of company profit, pride of ownership, and ease of starting and ending the business. The disadvantages are unlimited liability, limited financial resources, management difficulties, few fringe benefits, limited growth, etc. The advantages of partnerships are more financial resources, shared management and pooled/complementary skills and knowledge, longer survival, and no special taxes. The disadvantages are unlimited liability, division, disagreements among partners, and difficulty of termination. The advantages of corporations are limited liability, more money investment, size, perpetual life, ease of ownership change, etc. The disadvantages are extensive paperwork, double taxation, two tax returns, size, difficulty of termination, etc. The advantages of franchises are management and marketing
imaxINTRODUCTION Term of Refrences: We have refered to the book that was assigned to us in this semster which is Management (10th edition) by Stephen Robbins, Mary Coulter and Nehrika Vohra. We also consulted Strategic Management: An Integrated Approch (8th edition) by Charles Hill and Gareth Jones. Another two books that helped us to analyse this case study were Startegic Management : Creating Competitive Advantage (5th edition) by Gregory Dess, G.T Lumpkin and Alan Eisner and Strategic Management…
Clean Air Act Clean Air Act, 42 U.S.C. § 7401 et seq. -- Enforced by US EPA -- By the end of this lecture you should be able to describe: * The race to laxity * What NAAQS means. * The federal government’s role in cooperative federalism * 7 criteria pollutants * A hazardous pollutant under the CAA * Non-attainment area * Emissions trading programs * Noise pollution under the CAA * The four Class I areas designated by the State of Florida…
Boeing [pic] Presented by: Urvishkumar Patel Amitkumar Patel Bhavikkumar Patel Manojkumar Patel Vishal Patel Jonathan Mayes MG - 640 Management Policy Dr. Santanu Borah July 27, 2008 TABLE OF CONTENTS INTRODUCTION 5 Company Overview 5 Boeing Commercial Airplanes 5 Boeing Integrated Defense Systems 6 Boeing Capital Corporation 6 Background 7 Sales/Operations 9 Constituent Contributions to Corporate Portfolio and Revenue 12 Market Share, Revenues…