Even after commencement of business operations, officers and directors have a responsibility to comply with <u>corporate formalities.</u>
Corporate formalities is a term that is used to refer to the operating rules and guidelines that a corporation or business has to or must follow so as to meet its operational requirements. This in turn allows it to maintain the corporate protections that it enjoys.
Corporation refers to an entity that enjoys the backing of a law. It is separate from the directors or owners of the company.
It has the responsibility to comply with the rules and regulations so as to have a proper corporate functioning.
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Assume you are a concert and pop-up event promoter; the best measurement method would be audience analysis.
A promoter is a marketing professional who is in charge of demonstrating a product's features to an audience or client. The promoter demonstrates how the product works, answers questions, and attempts to persuade customers or clients to purchase the product.
A corporate promoter is a company or individual who does the preliminary work associated with the formation of a company, such as its promotion, incorporation, and flotation, and solicits people to invest money in the company, typically when it is in the process of being formed.
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1. According to DeSoto, 3rd world countries like South America, which have capitalist economies but are not getting rich due to political crises and dictatorships.
2. The author also argues that more efforts is needed than just adopting the capitalist regime, it is essential to develop the system through strategic actions that guarantee ROL, and economic growth measures.
3. China has a Communist party with capitalist characteristics, for example, with the opening of the Chinese market, which constituted a great and rapid development in the productive and industrial system of the country.
<h3 /><h3>What is the capitalist system?</h3>
It is an economic system whose focus is an accumulation of wealth and profitability through private property and the means of production. It is based on the free market with less state intervention.
Therefore, the author argues in favor of capitalism and its positive characteristics for the economy, politics and society as a whole.
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Answer:
Cantril Ladder
Explanation:
Cantril ladder approach was developed by Hadley Cantril. The approach is a method of assessing the well being of individuals. The cantril scale is represented by an imaginary ladder with steps numbered from 1 to 10 wherein each step denotes a happiness level.
For example, level one would relate to poor well being i.e the case of individual being least happy whereas level 10 would represent highest satisfaction in life and happiness.
As per the research conducted across the globe, the cantril scale of well being and happiness correlated really well with the income of the respondents indicating, that well being and happiness are directly related to an individual's income level.
Answer:
Intensely focusing on the responsibilities of one individual and maximizing the output of the department in the organization in which that individual works.
Explanation:
Ambidexterity as relating to business means simultaneously exploiting and exploring, running and reinventing a business. it refers to organization's ability to be efficient in its management of the current business and also ability to adapt to coping with changing demand over time.
It does not include Intensely focusing on the responsibilities of an individual and maximizing the output of the department in the organization in which that individual works.
The following are ambidextrous behaviour:
(1) Individuals take time and are alert to opportunities beyond the confines of their own jobs;
(2) they are cooperative and seek out opportunities to combine their efforts with others;
(3) they are brokers, always looking to build internal networks; and
(4) they are multitaskers, who are comfortable wearing more than one
