Business Resources

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The baseline in project management refers to the initial cost, scope and schedule of the project. The baseline functions as a measure so the project will not deviate. Establishing a baseline happens before the project starts; otherwise, project managers will not have a system of measure.

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  • What are examples of partnership businesses?

    Q: What are examples of partnership businesses?

    A: The most common example of partnership businesses are general partnerships. Under these, there are several common kinds that include medical partnerships, legal partnerships, real estate partnership and creative partnership.
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  • Why do employers resist unions?

    Q: Why do employers resist unions?

    A: Employers resist unions for a number of reasons, but the biggest reason is that unions force employers to have less control. With a union, workers can organize, gain power, and limit the flexibility of the employer and the rules the employer imposes. Individually, workers can't do much to change the policies of the employer or fight employer abuse, but as unions they can. Employers resist this challenge to their authority.
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  • What is business tourism?

    Q: What is business tourism?

    A: Business tourism is the use of travel services, hotel facilities and other amenities by people who are traveling on business. Business tourism is on the increase, and the tourism industry separates business tourism from leisure tourism in an effort to promote the former by offering particular services for business people.
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  • What are some examples of the private sector?

    Q: What are some examples of the private sector?

    A: The private sector is the part of the economy not controlled by local, state or federal government. Examples of the private sector are privately owned small businesses, multinational corporations and nonprofits. The private sector provides most of the jobs in a free-market economy.
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  • What is needed to start a sandwich shop?

    Q: What is needed to start a sandwich shop?

    A: As with any other kind of business, starting a sandwich shop requires money, resources and the approval of state and/or city officials. The first thing any entrepreneur needs to do before starting a business is to request the appropriate business license and permits.
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  • What is an administration function?

    Q: What is an administration function?

    A: Administration functions comprise vital parts of an organization's structure, helping the organization to manage resources and people in an efficient manner. Planning, budgeting and organizing are the three primary administration functions in any company, and a lack of quality in any of these is quite often detrimental to the health of the company.
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  • What are examples of homogeneous products?

    Q: What are examples of homogeneous products?

    A: Fruits and vegetables are prime examples of homogeneous substances: many suppliers offer fruits and vegetables for sale, but regardless of company, all brands offer the same end product. Most homogeneous products are very similar in physical composition, as well as quality, and the only real difference between the various manufacturer's products is price. In addition to produce, other types of homogeneous products are cosmetic items such as cotton balls and cotton swabs.
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  • What are the mandatory requirements by the Department of Transportation on a driver's daily log book?

    Q: What are the mandatory requirements by the Department of Transportation on a driver's daily log book?

    A: While there are several mandatory requirements in the driver's daily log book, the one most likely to cause trouble with the Department of Transportation is the driver's hours of service. According to About.com, minor math mistakes can sometimes cause a driver to receive a ticket. Tickets for hours of service violations range from $1,000 to $10,000 per occurrence.
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  • What is the difference between operating profit and net profit?

    Q: What is the difference between operating profit and net profit?

    A: Operating profit only covers the gross profit, minus direct operating expenses for the company while net profit includes all gains and losses by the company, including tax payments. Operating profits do not cover taxes paid, company assets sold or expenses not related to the company's operating costs. Net profit is the amount of money that the company has added or lost from its overall assets.
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  • Where can you purchase security dye packs?

    Q: Where can you purchase security dye packs?

    A: Security dye packs can be purchased at designated companies such as NELMAR. The company distributes security packaging items to prevent theft and fraud.
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  • What is sensitivity training in the workplace?

    Q: What is sensitivity training in the workplace?

    A: Sensitivity training in the workplace is a program that helps employees and/or even employers understand how to respectfully interact with their co-workers. Respectful interactions are free of any derogatory name calling, gossiping, racism, sexism, harassment or any other type of bullying or hurtful actions.
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  • How much would it cost to start a tattoo shop?

    Q: How much would it cost to start a tattoo shop?

    A: The cost of starting a tattoo shop is widely variable and determined by a number of factors. Some of these factors include renting a space, furniture, and tattooing supplies.
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  • What is the difference between warranty and guarantee?

    Q: What is the difference between warranty and guarantee?

    A: A warranty is a specific type of guarantee. It's defined as a promise to a consumer that a manufacturer will make any repairs or replace defective parts without additional charge during a stated period of time.
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  • How do you calculate ending inventory?

    Q: How do you calculate ending inventory?

    A: The two methods for calculating ending inventory include the gross profit method and the retail inventory method. The ending inventory is the number of units of inventory that the company on hand at the end of an accounting period. This figure is need for various accounting calculations, including cost of goods sold.
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  • What is the definition of traditional business?

    Q: What is the definition of traditional business?

    A: A traditional business is typically an organization that is a store, restaurant or agency. These types of businesses offer consumers some kind of service or product.
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  • What do I do if an employer refuses to pay me?

    Q: What do I do if an employer refuses to pay me?

    A: Labor and employment law attorney Elizabeth Unrath advises unpaid employees to first gather contact information for the business and then talk to their state's labor board. Failure to pay wages is illegal and considered to be a form of theft.
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  • What is a POS transaction?

    Q: What is a POS transaction?

    A: A POS or point of sale is the point at which a retail transaction is finalized, usually coinciding with the moment a customer makes a payment in exchange for goods. POS transactions are usually completed using debit or credit cards.
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  • What is a rolling contract?

    Q: What is a rolling contract?

    A: A rolling contract is a contract that has no defined cancellation date and ends only upon the request of one of the involved parties. Rolling contracts are commonly used in business-to-business and business-to-consumer transactions, such as rental agreements and warranties.
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  • Why is safety important?

    Q: Why is safety important?

    A: Safety in a work environment is important because it helps to protect employees and can keep the costs that an employer has to a minimum. It is important to keep employees safe and to send them home in the same condition in which they came to work.
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  • What are some daily safety tips?

    Q: What are some daily safety tips?

    A: The Houston Chronicle's Small Business page offers various workplace safety tips such as keeping a break room area clean and turning off coffee makers and other appliances when not in use. Washing hands and taking home leftover food minimizes the spread of bacteria. Keeping foil away from microwaves is another safety tip. Employees also should try to keep liquids away from computers and other electronic devices as a precaution.
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  • What is an informal meeting?

    Q: What is an informal meeting?

    A: An informal meeting is any meeting that isn't highly structured and doesn't have a specific length, scope or other rigid component such as minutes. Informal meetings are often impromptu and focus on small problems.
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