F11-087 - Luu Thị Hong Tu.v.1.1.docx

2 the different types and purpose of organization

This preview shows page 4 - 6 out of 33 pages.

1.2 The different types and purpose of organization: public, private and voluntary sector and their legal structure: 1.2.1Private sector Sole trader: the person responsible for all of his or her assets in every aspect of the business or company. This includes any debts or damages of the business that can not be shared with others. For example: According to an independent financial advisory survey (IFAs) in the UK financial services industry, the IFA was created by the service law in 1986 and indicates an intermediary transaction with popular products, investments and it is invested from a range of suppliers not bound to a supplier (Harrison,2000).
Image of page 4

Subscribe to view the full document.

Partnerships: is a big business have many forks people, every of individuals owns a vital half part within the business. Besides, the relationships between tasks and actors are defined in the agreements. In addition, in any partnership each partner will have to “buy in” or invest in the business. Normally, the rate of profit and loss will be divided according to the percentage of ownership (Murray, 2018) Public limited companies: associate incorporated business and therefore may be a separate legal unit from its house owners. This also means that any debts or losses accumulated by the business are not the responsibility of the individual shareholders. Private limited companies: may be a form of company that gives indebtedness, or legal protection for its shareholders however that places sure restrictions on its possession. These restrictions are outlined within the companies by laws or rules and are meant to forestall any takeover try. 1.1.2. . Public sector Public corporation: suggests that associate degree entity that is created by the state to hold out public missions and services so as to hold out these public missions and services, a public corporation participates in activities as provinces services that also are provided by personal enterprise. A public corporation is granted inflated operational flexibility so as to best guarantee its success, whereas retentive principles of public responsibility and elementary public policy. Municipal enterprises are businesses owned by native governments that give services and sometimes generate revenue for native communities native governments have long operated public utilities and public facilities like ports, parking heaps and airports. 1.1.3 Voluntary The organization involves some significant voluntary activity in its actual activities or within the management of the organization. This doesn’t mean that every one the financial gain of associate degree organization should come back from voluntary contributions, or that everybody that works for it should be a volunteer. 1.2.1 The activities of VietinBank in the respects of the legal structure and its activity type and purpose
Image of page 5
The operation of vietinbank consists of two types of business (including business line and business net work). In detail, the main business lines of Vietinbank is the
Image of page 6
You've reached the end of this preview.
  • Winter '18

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern