Name three different organizational/business structures and compare and contrast these structures. In your comparison, please discuss ownership, legality, and other relevant details significant in distinguishing these organizational structures.
Three unique types of business structures include corporations, sole proprietorships, and partnerships. First, a corporation is formed by filing Articles of Incorporation or a Corporate Charter with the state whereas sole proprietorships and partnerships do not require official filings. A sole proprietorship is the simplest structure, in which one individual manages all affairs of the business. In the case of a partnership, a written or verbal contract is made or simply mere conduct to form the partnership among multiple partners and these partners become owners that manage together or may elect a managing partner. In the case of a corporation, a Board of Directors oversees the corporation and appoints offices to run day-to-day operations. The corporation is ultimately owned by the shareholders and these shareholders are typically not personably liable beyond their investment in the corporation. In contrast, sole proprietors and partners in a partnership are held personally liable for all obligations of the business. It is important to recognize the similarities and differences among the structures, as each of the models has aspects that are appropriate for different entities based on their desired mission, function, owners, capital needs, and liability.
Jim and Kim are going over to their friend Tim's house for dinner. Tim is cooking dinner and will have dinner ready at 6pm. Tim lives 30 miles away down the highway in which the speed limit is 60mph. How long will it take Jim and Kim to get to Tim's house if they make no stops along the way? Assume that to help Jim and Kim, you will use the equation for v=d/t in which velocity (speed) equals distance divided by time.
To answer this question. we must utilize the equation v=d/t and solve for our missing variable, as we have been provided with two of the variables and need to solve for the remaining variable. We are given "v" (speed) of 60mph and we are given "d" (distance) which is 30 miles. As these two variables are already in the same units of miles, we do not need to perform any conversions from miles to another measurement of distance. Second, we know that the "d" which is distance is 30 miles. Utilizing this given information, we can set up our equation as 60mph=30miles/t where "t" (time) is the information we need to solve for. Utilizing algebra, we know that we multiply both sides by t, as t is the denominator in the equation to arrive at: 60mph*t=30miles Next, to get "t" alone where we can solve for it, we divide both sides by 60. With this we arrive at: t=30miles/60mph We now divide 30miles/60mph and we know that in dividing these two numbers we get .5 and the units of miles cancel out to leave our units at just hours. Therefore our calculated answer is .5 hours, or a half an hour. Thus, Jim and Kim need to plan on their drive taking .5 hours!
Please discuss what a thesis statement is and some important aspects it should have to make it most effective.
A thesis statement is a statement that portrays the speakers main idea of the writing piece and further guides the author's ideas and structure of the paper. The thesis statement typically comes at the end of the introduction of a piece and is helpful to the reader in revealing the main idea and contents of the paper, making it easier to follow and understand the writing. In order to be effective, the statement should cover only what is included in the paper and be supported by evidence within the paper. Further, a thesis statement should fit the style of the piece and be as explicit as the author desires in order to fit with the overall style of the piece.