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When starting a new organization when does one need to decide upon the business entity they wish to engage in?

When starting a new organization, one must decide upon the business entity they wish to engage in right away. One must not continue on until they decide this information.


The difference between incorporated and unincorporated business?

The term incorporated refers to the process companies go through to become a separate legal entity from the owner/s. This means the business exists in its own right, its own legal entity. Regardless of what happens to individual owners (shareholders) of the company, the business continues to operate. The business has taken on a life of its own.An unincorporated business is a sole trader or partnership where the business entity and the owner are one and the same. When the owner dies then so too does the business entity.


Explain what are the types of business organisation?

Answer:=1. Proprietorship - run by a single entity and has limited financial support in his/her business.== 2. Partnership - same as proprietorship but run by more than one entity.== 3. Corporation - run under the law of a particular country and has a separate legal collection of taxes.=


Is business combination the same as business valuation?

business combination is not the same as businee valuation business is the acquisation of new business in to another business to be one entity


What are land lease and royalty right?

Land lease is when land is owned by one party and leased to another. This property type is common in places like Hawaii, USA. In Hawaii the majority of land is owned by the government and leased for a term of 99 years to the owners of the homes on it or a related entity. Royalty right is the right to be paid royalties on the sale of something. This is most common in the case of movies or books. The author may collect a percent of related sales of his or her work over a given period of time (or their entire life time).

Related Questions

When do you have to use an intersection entity in database?

If you have a many-to-many relationship between two entities you create an intermediate entity between.Now, the relationship between the first entity and intersection entity is one-to-many, and the relationship between the second entity and intersection entity is one-to-many also.


What is a one-to-many relationship?

It is a term from computer databases. A relational database can have a one-to-many relationship in its data. For example, if you have a customer order database, one table will contain customer names and another will contain their orders. Each customer will only be listed once, but each customer can make many orders. So one customer can be related to many orders. Incorporating that into a database requires the creation of a one to many relationship.


What is relation degree in DBMS?

Degree of relationship One-to-many relationships This means how many of one entity can be related to how many of the other(s). Ask yourself how many of each entity there can be. In this kind of relationship one of the entities can be related many times to another entity. For example, one excavation can contain many finds; one person can commit many crimes.


What is total participation in database management?

Participation (or optionality) concerns the involvement of entities i a relationship. Participation is about exceptions to the rule. An entity's participation is optional if there is a least one instance of an entity which does not participate in the relationship. An entity participation is mandatory if all instances of an entity must participate in the relationship.


What two conditions must be met before an entity can be classified as a weak entity?

In contrast to the strong or regular entity, a weak entity is one that meets two conditions: 1. The entity is existence-dependent; that is, it cannot exist without the entity with which it has a relationship. 2. The entity has a primary key that is partially or totally derived from the parent entity in the relationship.


What is one to one relationship?

There are three types of relationship in a database . One to one, one to many and many to many , Example of many to many relationship is relation between teachers and students, n teachers can have m students.


Can a relationship have only one participating entity?

yes. For example, only one person actually "participates" in the stalker/victim relationship.


What is One to one relationship in ERD?

Here is Example!! Entity: PERSON Att:Baby_Name, Father_Name Entity: CITY Att: Country_Name, City_Name, Hospital_Name 1 To 1 Relation: One Baby born at one place(Hospital).


What is many-to-many relationship in database?

An many-to-many relationship exists when an entity A can have a relationship with multiple entities B and vice versa.ExamplesAn employee may learn many jobs skills, and each job skill may be learned by many employees. EMPLOYEE learns SKILL is M:N relationship.One student may take many courses and one course is attended by many students.An order can contain many products and a product can be contained in many orders.


Can an identifying relationship of a weak entity type will be of a degree greater than two give example?

Sure thing, honey. An identifying relationship of a weak entity type can definitely have a degree greater than two. For example, let's say we have a weak entity type called "Order Item" that depends on both "Order" and "Product" entities to uniquely identify it. In this case, the identifying relationship would have a degree of two (connecting "Order" and "Product") but the weak entity type itself would have a degree of three. Hope that clears things up for ya!


What is binary relationship set?

A binary relationship set in database terminology refers to a relationship involving two entities or entity sets. It defines how these two entities interact with each other, typically represented in an Entity-Relationship (ER) model. For example, in a university database, a binary relationship set may exist between students and courses, indicating which students are enrolled in which courses. This relationship can be one-to-one, one-to-many, or many-to-many, depending on the nature of the interaction.


Why was there a need to invent linear equation in two variables?

If two variables are related, then the simplest relationship between them is a linear one. The linear equation expresses such a relationship.If two variables are related, then the simplest relationship between them is a linear one. The linear equation expresses such a relationship.If two variables are related, then the simplest relationship between them is a linear one. The linear equation expresses such a relationship.If two variables are related, then the simplest relationship between them is a linear one. The linear equation expresses such a relationship.