ADM 1301 Lecture Notes - Lecture 2: Corporate Sustainability, Social Actions, Crisis Management
3 Jan 2016
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Document Summary
Business drives the economy of a nation. The economic system in canada is a private enterprise system: rewards firms for effectively and efficiently meeting the want and needs of customers, basic rights of a private enterprise system. Outsourcing and the changing nature of work. The simplest form of business organization available to any individual who is legally able to enter into a binding contract. Sole proprietorship fall under provincial and municipal jurisdiction. Filing a name declaration is not required provided the proprietorship operates under a person"s name. An arrangement whereby two or more persons combine some or all of their resources in a business undertaking with a view to sharing profits among partners. Provincial law requires that a partnership must legally register its name and give information about the partners. Known to the public, no active management role. Unknown to the public, but take an active role in management.
