Answer
Three major organizational forms are Sole Proprietorship, Partnership and Corporation. Under Sole Proprietorship, one person perform all the roles i.e., he is the sole owner, manager, marketer and accountant. In partnership, two or more persons together run the business. The roles and responsibilities are set out in the partnership agreement. Corporation is a legal entity and considered separate from its owners. The company is run by board of directors elected by shareholders. Advantages and disadvantages of each are as follows;
Sole Proprietorship
|
Advantages
|
Disadvantages
|
Easy to set up, dissolve and least expensive.
|
Unlimited liability. One person is liable for all the obligations
|
Little regulatory requirements
|
Difficult to raise capital
|
Subject XX low XXX. XXXXXXXXXX declare XXXXXXX in XXX personal XXXXXX XXX.
|
XXXXXXX life
|
XXXXXXXXXXX
|
XXXXXXXXXX
|
XXXXXXXXXXXXX
|
No corporate taxes. XXXXXXXXXX XXXXXXXX pay XXX XX their share XX profits
|
XX XXXX XX XXX cases, partners are jointly XXX XXXXXXXXX liable for XXX the XXXXXXXXXXX.
|
XXXXXXX XX fewer XXXXXXXXXXX than corporation
|
XXXXXXXX may XXXXX XX XXXXXXXXXXX agreement XXXX XXX XXXXX XXX the XXXXXX.
|
Potential for synergy XXXXXXXXXXX i.e., different partners bring different XXXXXX
|
XXXXXXX life. Might be XXXXXXXXX when a partner dies or retires.
|
Corporation
|
Advantages
|
XXXXXXXXXXXXX
|
Liability XX limited to the value of stock held.
|
Subject XX XXXX XXXXX and regulatory XXXXXXXXXXXX.
|
Unlimited XXXX
|
High start up XXX operating XXXXX
|
XXXXXXX XXXXXXXXXXX in XXXXXXX capital
|
XXXXXXX to XXXXXX taxes than XXXXXXXXXXX
|
XXXXXXXX XXXXXXX XXXX influence XXXXXX includes XXXXXXXX, XXXXX restrictions and issues in XXXXXXX capital. XXXXXXXXX XXXXXXXX, high XXXX entails high XXXXXX. Therefore, the final choice of organization XXXXXXX XXXXXXXXX on the XXXX appetite XX investors.
XXXXXXXX 2
How well does XXXX management contribute to XXXXXXX success? Outline the six sub XXXXXXXXX XXX identify how they XXXXXXXXXX to XXXXXXX XXXXXXX. Your XXXXXXXX should be at XXXXX 200 words in length.
Answer
The six XXX XXXXXXXXX of XXXX XXXXXXXXXX are as follows;
XXXX identification:XXXXXXXXXX the XXXXXXXXX sources XX XXXXX XXX document their characteristics. X detailed XXXXXXXX XX internal XXX external XXXXXXXXXXX XX carried out to identify XXX XXXXX.
Risk XXXXXXXXXX (Qualitative):XXXXXXXX evaluating the XXXXXX of qualitative XXXXX and XXXXXXXXXXX the XXXXX of XXXXXXXX project XXXXXXXX. XXX XXXXXXXX, the outcome XX changes in XXXXX XXXXXXXXX i.e., XXXXXX / XXXXXX laws.
Risk analysis (Quantitative):
Risk prioritization:XXXX XXXXXXXX XXXXXXXX:XXXX monitoring and XXXXXXX:XXXXXXXXX XXXXXXXXXX XXXXXXXX XXXX deviations or variance XXXXX. It XXXX involves generating alternative / XXXXXXXXXXX XXXXX.
Effective XXXX XXXXXXXXXX XXXXXXX project manager XX XXXXXX proactive XXX contributes to the XXXXXXX success XX determining XXX opportunities XXX XXXXXXX improvement and XXXXXXXXXX the threats XX the same XXXX. XXXX XXXXXXXXXXX XXXXXXXXXX of XXX project XXXXXX specified cost, XXXX and XXXXXXX XXXXXXXXXXX.
XXXXXXXX X
XXXXXXX XXX XXXXXXXX the bottom-XX budgeting XXXXXXX XXXX XXX XXX-down budgeting XXXXXXX. XXXX XXXX to XXXXXXX their XXXXXXXXXX XXX XXXXXXXXXXXXX in regard XX estimating XXXXXXX budgets and XXXX it XX XXXXXXXXXXX to use XXXX process. XXXX response should XX at XXXXX XXX XXXXX in XXXXXX.
XXXXXX
Bottom up XXXXXXXXX
This approach XXXXXXXX costs XXX each component, XXXXXXXX / XXXX at XXX work XXXXX XXXX XXXXXXXXX (WBS) XXXXX in detail and then XXXX up XXX totals of XXXXXXXXXX XXXX XXXXXXXX XX arrive XX the XXXXX XXXXXXX XXXX. This XXXXXX XX XXXXXXXXXXX to use XXXX the XXXXXXXX are of smaller XXXX, involves cross border XXXXXXXXXX (alien) and not similar XX XXX XXXXXXXX XXX XXXXXXX XXXX done in the XXXX i.e., XXXX XXXXXXXXXXXXXXX XXX XXXXXXXXX.
XXX XXXX XXXXXXXXX
Top XXXX XXXXXXXXX is subjective in nature. It uses XXX XXXXXX cost of XXXXXXXX similar projects XXXXXXXX XXXX XXX XXXXXX XXXXXXXX as a basis XX XXXXXXXX the XXXX of current project. Comparatives XX XXXXXXX projects XXX put together and manipulated to XXXXXX XXX the XXXXXXXXXXX in size, quality, scope and risk etc. XXXX XXXXXXXX is suitable when limited information is available and projects XXX XXXX big in XXXX but XXXX XXX differ XXXX the XXXX XXXXXXXX.
Advantages include XXX cost, XXXXXXX XXXXXXX, less XXXX XXXXXX, XXXXXXXXXX XXXX XXXXXXXXX objectives whereas disadvantages XXXXXXX low XXXXXXXX and XXXXXXXX involvement, implementation XXXXX are XXXX in XXXXX phases XXX risk of resistance etc.
Question X
XXXXXXX XXXX XXXX XX identified in order to construct a XXXXXXX. XXXX XXX the strengths and XXXXXXXXXX of AOA and XXX XXXXXXXXXX? XXXX response should be at XXXXX XXX XXXXX in length.
Answer
In order to construct a network, activities and XXXXX XXXXXXXXXXXXXXXXX i.e., XXXXXXXXXXXX XXX successors XXX each activity XXXX be identified. In addition, core activities, XXXXX XXXXXXXXXX, their XXXXX / XXX dates and XXXXXXX XXXXXXXX must XX XXXXX.
Under AOA technique, activities XXX represented by XXXXXX between XXX XXXXX. Each XXXXXXXX XX defined by a XXXXXX XXXXX shows XXX XXXXX XXX XXXXXX XXXXXXXX. The XXXXXXXXX and XXXXXXXXXX are XX XXXXXXX;
XXXXXXXXX
|
Weaknesses
|
XXXXXXXXXX path tracking XXX XXXX XXXXXXXXXXXXXX of XXX events XXX XXXXXXXXXX
|
Can only show XXXXX-XX-finish relationships
|
Allows view XX XXXX interdependencies, critical path and XXXXX – end times.
|
Accommodate XXXXXXX types XX relationships
|
Allow multiple precedence XXXXXXXXXXXXX
|
XXX dummy activity to conserve the logic XX precedence.
|
AON technique represents work elements through XXXXX XXXXX are XXXXXXXXX XXXXXX XX show dependencies XXX XXXXXXX one XXXXXXX. Strengths XXX weaknesses XXX XX follows;
Strengths
|
Weaknesses
|
Can XXXXXXXXXXX almost every XXXX XX relationships
|
XXXX tracking XXXXXX increasingly XXXXXXX when XXXXXXXXXX XXXXXXXX
|
Does not have dummy XXXXXXXXXX XXXXX XXXXXX XXXXXXXXX dependencies
|
Precedence XXXXXXXXXXXXX are XXXXXXXXX
|
Supports different computer packages
|
Network XXXXXXX is XXXXXXXXX XX XXXXXX
|
">