Team Chart

In: Business and Management

Submitted By Robynnlh
Words 933
Pages 4
Business Form Number of Owners? Are Owners Liable for the firm’s debt? Do Owners manage the firm? Does an Ownership change dissolve the firm? Access to Capital Taxation
Sole Proprietorship One Yes Yes, in a sole proprietorship the owner manages all aspects of the business. No, Not always, once the change in ownership, the owner can change the decisions pertaining to the goal of the company and the gp's will have to make that change in direction for the new owner. Many lenders are hesitant to provide financing to owners of sole proprietorships partially due to fear about their ability to recover the funds should the owner die or become disabled. Lenders who make such loans require borrowers to provide personal guaranties on the loan. Since a sole proprietorship is one owner and if that owner needs access to capital they will be responsible for backing the loan with their personal finances. If an individual has bad debt and decides to file bankruptcy then the business loan will be affected. Banks and other lending institutions are aware that such scenarios occur, and they plan accordingly. Personal Taxes
General Partnership Two or more principal owners/managers or entities; who are co-owners/co-managers that share in the profits of the business operation. Yes, All partners are responsible for any debts which the partnership may incur. If debts are not paid, the creditors may seek to recoup their losses by going after the partner’s personal assets. All partners have unlimited management.

No, A change in Ownership of a Sole Proprietorship Business does not always have to dissolve the firm. If the new owner(s) are family members and wanted to purchase the business from another family member that would like to carrier on the family business while the other family members retire. Capital may be obtained through debt (borrowed money, commercial lender, or…...

Similar Documents

Chart

...agency. Operational services across NOMS, including prison population management, parole, recall and other casework, security, safer custody and public protection services, are provided by the Directorate of National Operational Services. Corporate management and support • Strategy and Leadership • Central support services • Transforming Justice Strategic and corporate management and leadership across the agency is provided by the Chief Executive’s Directorate, under CEO Michael Spurr, who has overall accountability to the Secretary of State for Justice for NOMS’ performance and the agency’s contribution to the Transforming Justice agenda. The Directorate of National Operational Services works closely with commissioners and MoJ policy teams agreeing the necessary rules and procedures to deliver required standards of service and translate policy and statutory requirements into practice. Central support services across NOMS as a whole are provided by the Finance, HR and NOMS Change and ICT Directorates, working closely with MoJ shared services. MoJ also provides comprehensive Internal Audit, Risk Management and Assurance services to NOMS. print this document How NOMS Works introduction Corporate management and support • Strategy and Leadership • Central support services • Transforming Justice who we are key functions our structure NOMS Non-Executive Directors NOMS Chief Executive Officer Elizabeth McLoughlin David Hadfield Mike Hawker Michael Spurr Director HR......

Words: 3413 - Pages: 14

Law Chart

...University of Phoenix Material Employment Laws Chart Complete the chart below using information from the weekly readings and additional research if necessary. | | |Court Case Influential to | | | | |Description and Requirement of Law |Establishment of Law |Importance of Law |Workplace Application | |Employment Law | | | | | | |Protection from discrimination by |Katzenbach v. McClung and Heart of |The importance of the Civil Rights Act|Enforcement: | |Civil Rights Act of 1964 |reason of race, color, religion, sex |Atlanta v. United States |of 1964 ensures that every person is |EEOC investigates and can enforce; | | |or national origin; protection from | |allowed the same chance of getting |employee may file suit six months | | |retaliation for opposing | |hired based on their job ...

Words: 766 - Pages: 4

Chart

...University of Phoenix Material Employment Laws Chart Complete the chart below using information from the weekly readings and additional research if necessary. | | |Court Case Influential to | | | | |Description and Requirement of Law |Establishment of Law |Importance of Law |Workplace Application | |Employment Law | | | | | | |Prohibits discrimination because of |Heart of Atlanta Motel Inc. v. United |Recognized that separate is not equal.|Prohibits employers from retaliation | |Civil Rights Act of 1964 |race, color, religion, sex, or |States 1964 | |against employees who exercise this | | |national origin. | | |right. | | |Prohibits discrimination because of |Amendment to the Civil Rights Act of |Gives all applicants an......

Words: 684 - Pages: 3

Organizational Charts

...as shown on organization charts. ■ How an organization chart is structured showing the lines of authority. ■ The different types of organizational structures presently used by retailers. ■ The beginnings of organization structuring for large department stores and how they have changed to suit today’s companies. ■ Reasons why chain organizations conduct their businesses as centralized op- erations. ■ Why some chains have decentralized some of their functions. ■ Reasons for separating the buying and selling functions. Once the decision has been made to begin a retail venture, it is necessary to plan its organ- izational structure in a way that maximizes efficiency and profitability. All of the duties and responsibilities of those in the company must be identified, and lines of authority must be carefully delineated so that all members of the organization will understand what their job responsibilities are. By doing so, everyone knows who will report to whom, who the deci- sionmakers are, and which advisory personnel is on hand to assist in the decision-making process. No matter how large or small the operation, whether it is a major department store or single-unit boutique, each company must be structured in such a way that best serves its needs and makes the business a success. To clarify their organization’s structure so that all employees can understand it, most companies prepare a graphic presentation called an organization chart. The chart clearly spells out the......

Words: 406 - Pages: 2

Team Chart Analysis

...Analysis of Team Charter Week three collaboration between team C members resulted in interesting similarities and difference between team members in reference to personality types, listening skills, and trust level. Post the self assessment offered by Prentice Hall through the University of Phoenix; each team member got a better understanding of his / her team member strength and weaknesses, knowing that based on the self assessment there are no such “right” answer and neither extreme better than the other. The personality different types for team C can be summarized as follows: 1. xxxxxxxxxxxxxx = ENFJ 2. zzzzzzzzzzzzzzzz = ENTJ 3. eeeeeeeeeee = ENTJ 4. rrrrrrrrrrrrrrrrrrrrrr = ENTJ “ENTJ = is outgoing, visionary, argumentative, have low tolerance for incompetence, and often seen as a natural leader. As far career the survey lists; possible career as a manager, management trainer, stockholder, lawyer, chemical engineer, or police officer. ENFJ = is charismatic, compassionate, and highly persuasive. Possible career as a TV producer, fundraiser, drama teacher, or health adviser”. How often that; it works to have 75% of team members personalities are similar; we have three members (xxxxxxxxxxxxxxxxxxxx) earned type ENTJ in the Prentice Hall Self-Assessment and one team member ) earned different type ENFJ. The mix is not equivalent to experience different personalities; however, having the same personalities is a challenging......

Words: 651 - Pages: 3

Organizational Chart

...Organizational Chart XMGT/230 Organizational Chart McDonald’s Organizational Chart When I was sixteen years old, I worked at McDonalds as my first job. McDonalds was my first exposure to the business world, and how they were structured. The McDonald’s I worked for was franchised, with the owner also acting as the CEO for that particular store. Below the CEO was the store manager, then the store manager’s assistant, followed by supervisors. The supervisor’s duties at the McDonald’s I worked for also included crew training on top of their controlling and monitoring functions. Organizational Chart The organizational chart above illustrates the hierarchy of authority, the division of labor, through a traditional vertical organizational structure. The objective of McDonald’s is to deliver food to their customers, so their organizational structure needed to consider specialization, integration, and differentiation. The specialization aspect of McDonald’s organizational structure utilizes a series of three different job functions to arrive at the final product. First, the window cashiers needed to take the orders and collect the money from the customer. Then, the cooks prepared the food and placed it in a heating bin for the drive-thru worker or cashier to pick up and deliver to the customer. Each of these job functions performed specific tasks of the larger task (Bateman, 2011). McDonald’s......

Words: 479 - Pages: 2

Chart Review

...Purpose. There are many reasons to conduct chart reviews such a required by a regulatory agency, justification of billing, and research. Another frequently used purpose of a chart review is to assist in measuring quality of care. This measurement is then used to help determine if a change in process is needed to improvement patient outcomes. There are several models used in process improvement including Juran’s Universal Sequence for Quality Improvement, the Seven-step problem-solving model, FOCUS-PDCA and Six-Sigma DMAIC (Langley, Moen, Nolan, Nolan, Norman & Provost, 2009). Chart reviews can be an integral step in all of these models in gleaning data to measure the depth of the problem or if it even exists. This paper will compare the advantages and disadvantages of reviewing charts, describe the basic considerations in performing chart reviews, and describe issues that can threaten the validity of data. Lastly, this paper will look closer at the Six-Sigma DMAIC process as this is the methodology used to guide process improvement in the facility for which this information is being obtained. Background. In 1966, Donabedian stated that the quality of health care is measured by structure, process, and outcome observation. Structure measurement includes resource quality, availability and accessibility (Donabedian, 1966). Process measurement looks at the health care services that clinicians and providers deliver (Donabedian, 1966). Outcome measurement is the end......

Words: 1328 - Pages: 6

Organizational Chart

...The organizational chart above is a layout of the OfficeMax call center where I had previously worked for seven years. The chart above shows that the call center has plenty of differentiation because there are so many departments that are within different segments of the business. Each of these departments works on separate tasks for the company, which requires knowledge of exceptional assignments for each department. Although each of the segments in the call center works on separate tasks, all of them are still integrated together to make the company build its general product. Customer service deals with customers directly by taking calls and placing orders on their accounts. The accounts that customer service uses are created in the system by the Account Maintenance team. The financial service representatives also use the accounts that Account Maintenance creates in order to contact the customers to collect payment on invoices. The billing specialists are in touch with Account Maintenance on a daily basis, as they work with the more controlled accounts, to have details updated for their customer’s as soon as possible. I am glad to say that for the seven years I worked for this company, I thoroughly enjoyed going to work. I believe the organizational structure has a major role in this because work flows smoothly with each department’s coordination. Account Maintenance especially has a major connection with numerous departments in the organization. There were certain...

Words: 281 - Pages: 2

Organizational Chart

...ORGANIZATIONAL CHART Computer Maintenance Agency’s Organizational chart DIRECTOR Director CUSTOMER SUPPORT MANAGER JUNIOR CUSTOMER ENGINEERS JUNIOR CUSTOMER ENGINEERS SENIOR CUSTOMER ENGINEERS JUNIOR CUSTOMER ENGINEERS SENIOR CUSTOMER ENGINEERS SENIOR CUSTOMER ENGINEERS ENGINEERS ENGINEERS ENGINEERS TEAM LEADER (ZONE 3) TEAM LEADER (ZONE 2) TEAM LEADER (ZONE 1) I have worked in a private organization called as Computer Maintenance Agency (CMA) as a junior customer engineer for a period of one year. CMA is linked with a government organization called as National Remote Sensing Centre (NRSC). NRSC is popularly known as wing of Indian space research organization. CMA mainly works with network maintenance and system administration by signing an annual contract with NRSC. The CMA organization consists of director, customer support manager, team leaders and engineers. For every two years, NRSC invites the tenders for annual contract maintenance services for their system administrations and network maintenances. My organization, CMA actively participates in the tenders and prepares a low quotation for getting the tender contract. The director is mainly responsible for taking the decisions on the tenders and organizes the company policies in a systematic manner. The customer support manager is the one who helps the director in estimating a suitable quotation for the tenders and informs......

Words: 438 - Pages: 2

Org Charts

...Organizational Charts Reflection Concentration of the budget increased awareness of perhaps creating cross-functional goals and teams as I tried to organize. The chain of command is important in the aspect that there should not be too many chiefs and not enough Indians. The responsibility of those in charge should be to create solutions and communicate that across their area. Everyone in the organization reports to someone with a higher position and greater responsibilities. An article by McDonough and Emisar states, “Structure creates order and makes the various duties assigned to a multitude of employees manageable and clear to all involved,” (2011). Placing employees was not as easy as I thought at first. I rearranged them in several drafts. The intention was to get the employees trained and then to move them into their respected areas of strength. The problem arose as I was trying to figure out who was going to train them. I had to ask the question of whether I wanted to combine areas or strengthen them individually. In a marketing management book, Kotler assesses that greater commitment to a broad range of marketing initiatives in high performing companies outranked low-performing firms that chose to concentrate on cutting marketing staff levels (Kotler, 2011). In consideration, concentration was placed on keeping the areas as already designed, but strengthen the training between them. In the Human Resources (HR) department, I left......

Words: 444 - Pages: 2

Chart

...Axia College Material Appendix B Ethical Theories Chart Complete the chart below using information from the weekly readings and additional research if necessary. Include APA formatted in-text citations when applicable and list all references at the bottom of the page. Ethical Theory | | | | | Utilitarianism | Deontological | Virtue ethics | | Definition | “Moral decisions require taking full advantage of the benefits as well as minimizing the damage to society. (Trevino & Nelson, 2007)”Or moral worth can determine only by the result outcome. One can only weight the morality of an action after knowing the consequences. | “Somebody who concentrates on carrying out what is “right” consistent with their own ethics as it’s as ideals. (Trevino & Nelson, 2007)” “So this approach judges the morality of someone action based on the action's adherence to a rule or rules, according to which the rightness of an action is determined by its consequences.” | This focuses more on the integrity of the moral actor than on the moral act itself.”“A concentration on virtue ethics, or honesty, deal mainly with an individual’s character, inspirations, as their objectives, in place of results or regulations, as their crucial factor of moral philosophy.” (Trevino & Nelson, 2007) | Ethical thinker associated with theory | Jeremy Bentham and John Stuart | Immanuel Kant | Plato and Aristotle | Decision-making process | “What action nets the......

Words: 498 - Pages: 2

The Gantt Chart

...Midterm Before listing the stages of team development I believe it’s important to understand the dynamics of a team. Every group has its own standards of behavior which ultimately brings both culture and cohesion to the group, furthermore, the stages of team development which entails Forming, Storming, Norming, Performing and Adjourning are structured in a sequential to ensure a team is operating effectively with maximum productiveness. These stages as explained by psychologist Bruce Tuckman are the stages in which people go through as they form bonds with each other and work together effectively. In the Forming stage team members make a effort to get to know each other and bounce ideas off one another on how to construct the team in able to reach the overall goal.The Storming stage individuals in the team push the boundaries of conflict with in the group, the boundaries are showing mostly in strong opinions of personal contribution. In Norming stage the groups members began to push pass their differences and began to build upon each others strengths on composite for weaknesses. The performing stage which revolves around the groups ability to accomplish tasks without friction. Finally the Adjourning covers the lessons learned upon the completion of the teams goal. I believe that my team never made it out of the storming stages, and I believe the onset of this was partially to bad timing and scheduling. The Gantt Chart is a visual representation of a......

Words: 1014 - Pages: 5

Adr Claude for Team Chart

...Week 1 ADR Clause for Team Charter In the event that a dispute/conflict arises among the team members and cannot be resolved between the parties within 24 hours, the Alternative Dispute Resolution clause will be the last resort and will be called upon and enabled. The dispute can only be in reference to the team functions and includes, but is not limited to, turning in assignments on the proper due dates or as agreed upon, participation/attendance and disagreements with team members. If a dispute cannot be resolved with the 24 hours and the ADR is enabled, the disputing members agree to participate in a mediation process. The mediator, a neutral person appointed by the remaining team members, will assist the disputing team in an effort to clarify the issue. Each member of the disputing team will interact and communicate with the mediator with the exclusive intention of reaching a voluntary agreement. The mediation process does not include any formal procedures and the mediator does not have the power to make a decision or an award, he/she will act as an intermediary between the parties to help facilitate the decision process. If the mediator proves to become bias and the majority of the remaining team members agree on this, the mediator can be replaced and another mediator can be appointed. If an agreement is not reached within 24 hours after the mediation process started and the mediator was appointed, the dispute will be pushed to be resolved through arbitration. The......

Words: 340 - Pages: 2

Org Chart

...patient/client-centered care by having well defined roles and scope of practice. A complex theory is applied at the bedside, where hierarchy is less important, this is difficulty for many military members. The Nursing staffs are active duty officers; they are responsible for taking care of the patient/client often enlisted personnel. The roles of military members are often very structure and to have a senior person providing care for a junior person requires situational understanding and professionalism. This encourages patient to caregiver information exchange and helps all staff members remember the flow of information among all members of the health-care team is critical to accomplishing our desired outcomes. The information system uses at NHCP is in step with the culture and organizational structure of the agency. The use of electronic medical charts, paging systems, and on-call services brings the patient/client the best and most modern systems available. The military are often at the leading edge in technology on the battlefield and now leading the way in medical practice. The cost for these services are often debated among taxpayers and congressional leaders, but when asked if the military wound deserve the best care they are quick to say they only deserve the best. Cost cutting and politics at their best. Communication is a complex and dynamic process according to Sullivan (2009) NHCP uses methods that support culture and organizational system in place at NHCP.......

Words: 1372 - Pages: 6

Flow Chart

...discovered in creating this process there are many steps that need to be taken to make sure the calls are sent to the proper support desk. At this present time, I work in the Information Technology field at Rex Hospital as a Clinician Support Specialist on the Ambulatory Service Desk. Also, creating a flow chart to properly triage our calls would assist me and my team on a process to follow, so that our customers are pleased with our services provided. A process that best describes our process would be job shop; this process incorporates different types of services with the same outcome. That is to resolve the issue with little interference to their daily workflow and fixing the issue as soon as possible. The following items affect the process design in preparation of triaging calls 1. Triangle Physicians Network helpdesk receive customer calls 2. TPN desk then triages calls to Ambulatory Service Desk 3. If the system is not working the ASD will further trouble shoot and resolve 4. If the system is working the interface team checks any interface mapping errors The four steps have an impact on the satisfaction of our customers and their relationship with the IT team. However, there are other factors that have a part but are not as significant as these few such as: 1. If our systems are not working then our Remote host Dell will have to further trouble shoot and figure out why this happened. 2. If our remote is not working then we need to restart services as......

Words: 320 - Pages: 2

Grand Blue | Re: Index of Each and Every Section [List of All Topics of all Sections] | What Strange Mystery Unites the Turkish Nations India Catholicism and Mexico A Concise but Detailed History of Things Divine and Earthly Gene D Matlock pdf