Summary of chapter 6 Essay Example | Topics and Well Written Essays - 250 words

Summary of chapter 6 - Essay Example Sole proprietorship is a kind of business formation where the enterprise is under the ownership of one individual. Some of the advantages of this type of business form include, profit retention, it is very easy to form, ownership pride, control retention and tax related advantages. Disadvantages for this type of business form include financial limitations, unavailability of permanence and unlimited liability. Corporations are business entities that are separated from owners completely and are thus considered as legal entities. The stockholders are the real owners of the entities but they have a board of directors who are responsible for the formulation of objectives and missions. The stockholders elect the board for their interest’s representation. Apart from these, other business forms that exist in the world are acquisitions and mergers. Acquisitions result from the buying or take over of one business enterprise by another. Mergers occur when two business organizations make an agreement to combine and form a single organization. These mergers are of three types and these are vertical, horizontal and conglomerate. A business may also adopt a divestiture approach where spin offs and carve outs are done on the business. This allows the business to streamline its focus and operations. Another mode of a business specialization is franchising where a new franchise that uses the original business’ practices and trademark is formulated. An example of a successful company that has used this model is

Aboriginal Residential Schools Essay Example | Topics and Well Written Essays - 2000 words

Aboriginal Residential Schools - Essay Example According to this report, it is obvious that there are highly-paid government jobs available in such areas, however, the Inuit community is unable to avail such opportunities due to lack of formal education. In some cases, even if a member of the Inuit community is formally educated he is not qualified for that particular job. Consequently, the burden of unemployed individuals has to borne by the Canadian government. According to the findings of this study, the poverty of aboriginals is not only linked with unemployment. Lack of secondary education coupled with poor health and living conditions also worsen their economic situation. The difference between the majority non-Aboriginal population and minority Aboriginal peoples speaks volumes about the imbalance in Canadian society. It is imperative to raise their living standards by encouraging them to pursue higher education so that they can meet the demands of the job market. Alternatively, specific jobs for Aboriginals should be created so as to streamline their workforce in the mainstream labor market. It is indeed a daunting task to redress the disarray that has been made out of residential schools, but the Canadian government is grave about making definite changes. The government is also serious about resolving the problem of unemployment as this places an undue burden on the national economy. If the Aboriginal population could contribute somehow towards the national economy, the Canadian economy and society both would benefit a great deal from such measures.