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In a company, who is known to be the first directors of the company?
In a company, the promoter decides who will sign the memorandum of association of the proposed company. Whoever signs the memorandum, they will also be the first directors of the company.
In a company, the promoter decides who will sign the memorandum of association of the proposed company. Whoever signs the memorandum, they will also be the first directors of the company.
See lessDefine the formation of the company.
Formation of a company is complicated and include multiple stages of legal formalities and procedures. The formation process comprises of three stages promotion, incorporation, and subscription of a company. Unlike public limited companies, private business is restricted to raise funds from the publRead more
Formation of a company is complicated and include multiple stages of legal formalities and procedures. The formation process comprises of three stages promotion, incorporation, and subscription of a company. Unlike public limited companies, private business is restricted to raise funds from the public, and also they don’t require to issue a prospectus to complete the formalities.
See lessState the three stages in the formation of a company
The three stages in the formation of a company are. Promotion Incorporation Subscription of a company
The three stages in the formation of a company are.
Promotion
See lessIncorporation
Subscription of a company
Mention two value that a business should follow.
The two value that a business should follow are. Social Value- A company gains maximum profit when the company’s main aim is to serve the society. An image of a company improves when they support social goals. Professional Value- A company with business ethics provides a satisfying environment for tRead more
The two value that a business should follow are.
Social Value- A company gains maximum profit when the company’s main aim is to serve the society. An image of a company improves when they support social goals.
See lessProfessional Value- A company with business ethics provides a satisfying environment for the employee to work and conduct the business. Lack of professionalism can create problems and confusion in the workplace.
Mention one need for social responsibility.
For every business social responsibility is important to create the company’s brand name and value.
For every business social responsibility is important to create the company’s brand name and value.
See lessExplain why social responsibility is highlighted?
It is important to highlight and emphasize social responsibility to maintain the balance between the economy and the ecosystem.
It is important to highlight and emphasize social responsibility to maintain the balance between the economy and the ecosystem.
See lessState why business ethics are important?
Business ethics are important because It formulates the firm’s image and builds the brand It influences the buying decision of the customers Build confidence within employees Builds advantage on the competitive market
Business ethics are important because
It formulates the firm’s image and builds the brand
See lessIt influences the buying decision of the customers
Build confidence within employees
Builds advantage on the competitive market
State three responsibilities of a company towards its employees.
The three responsibilities of a company towards its employees are Giving employees the right working culture to win the assistance of employees. Allowing the employees to form a union as their democratic right. The employee should receive a decent wage from the management.
The three responsibilities of a company towards its employees are
Giving employees the right working culture to win the assistance of employees.
See lessAllowing the employees to form a union as their democratic right.
The employee should receive a decent wage from the management.
Define discretionary responsibility.
Discretionary responsibility refers to the company’s management responsibility to protect the capital investment by bypassing insecure activity and engaging with a healthy business venture.
Discretionary responsibility refers to the company’s management responsibility to protect the capital investment by bypassing insecure activity and engaging with a healthy business venture.
See lessHow does an organization have a social responsibility towards owners’ and shareholders’?
An organization should provide full and detailed information about the present financial status and well-being of the company and future plans.
An organization should provide full and detailed information about the present financial status and well-being of the company and future plans.
See less