商学导论Chapter(3)
相关主题
- 1、下载文档前请自行甄别文档内容的完整性，平台不提供额外的编辑、内容补充、找答案等附加服务。
- 2、"仅部分预览"的文档,不可在线预览部分如存在完整性等问题,可反馈申请退款(可完整预览的文档不适用该条件!)。
- 3、如文档侵犯您的权益，请联系客服反馈,我们会尽快为您处理(人工客服工作时间：9:00-18:30)。
- Owners are entitled to receive dividend payments.
Common stock and preferred stock
Preferred stock
- Owners get preference in the distribution of the company’s earnings.
• Government regulations; • Higher taxes; • Lack of personal interest; • Lack of secrecy; • Rigid structure; • Difficulty in creating.
Workshop
Presentation work
Private and public corporations
A private corporation is one that has only a few shareholders.
Private corporations do not have to:
- produce financial reports to the public; - go through complex procedures to make decisions; - hold public stockholder meetings.
Select a corporation and tell people its major features.
Discussion topic
Would you like to work in a sole proprietorship, a partnership, or a corporation? Give your reasons.
Creation of a corporation (as in the U.S.)
1. Prospectus ↓
2. Articles of incorporation ↓
3. Corporate charter granted ↓
4. Board of directors elected
Management of Corporations
Common stock vs. preferred stock
Common stock
- Anyone can buy and sell shares of common stock.
- Owners have a right to vote on the company’s board of director.
corporation (corp.) company (Co., Ltd.) dotcom company firm venture (Sino-foreign joint venture) group business (start-up business)
What is a corporation?
Advantages of a corporation
• Limited liability; • Ease of transferring ownership; • Continuous life; • Ease of attracting capital; • Large size.
Disadvantages of a corporation
Private and public corporations
A public corporation is one that issues certificates of ownership or shares of common stock that may be traded on stock exchanges.
with other legal bodies; - to sue or be sued in its own name.
body
body= organization student body legislative body congress senate (senator) house of represntitives (represntitives) judicial body Supreme Court administrive body president (White House)
- Owners receive a fixed dividend before common stockholders receive any dividends.
- Owners usually do not have the right to vote on the company’s board of directors.
A Basic Business Reader
Chapter 3
Forms of Business Ownership (2)
rivision
sole proprietorship partnership
corporation cooperation
Objectives
After studying this chapter you will be able to:
Capitol
White House
body
entity organization institution institute bureau (Federal Bureau of Investigation) agency (Central Intelligence Agency) association (China Football Association) society
A corporation is a legal body created by the state. As a legal body, it is able:
- to buy, own, and transfer property; - to enter into contracts with individuals or
Understand the nature of a corporation and its advantages and disadvantages. Describe how a corporation is created and managed. Understand how the form of organization affects (1) taxes, (2) the distribution of profits, (3) the ownership and control of a business, and (4) the liabilities of business owners.
Public corporations have to:
- produce financial reports to the public; - go through complex procedures to make
decisions; - hold public stockholቤተ መጻሕፍቲ ባይዱer meetings.
Board of directors: to ensure that the
objectives of the corporation are achieved on schedule.
Corporate officers: responsible to the board of
directors for the management and daily operations of the firm.
Common stock and preferred stock
Preferred stock
- Owners get preference in the distribution of the company’s earnings.
• Government regulations; • Higher taxes; • Lack of personal interest; • Lack of secrecy; • Rigid structure; • Difficulty in creating.
Workshop
Presentation work
Private and public corporations
A private corporation is one that has only a few shareholders.
Private corporations do not have to:
- produce financial reports to the public; - go through complex procedures to make decisions; - hold public stockholder meetings.
Select a corporation and tell people its major features.
Discussion topic
Would you like to work in a sole proprietorship, a partnership, or a corporation? Give your reasons.
Creation of a corporation (as in the U.S.)
1. Prospectus ↓
2. Articles of incorporation ↓
3. Corporate charter granted ↓
4. Board of directors elected
Management of Corporations
Common stock vs. preferred stock
Common stock
- Anyone can buy and sell shares of common stock.
- Owners have a right to vote on the company’s board of director.
corporation (corp.) company (Co., Ltd.) dotcom company firm venture (Sino-foreign joint venture) group business (start-up business)
What is a corporation?
Advantages of a corporation
• Limited liability; • Ease of transferring ownership; • Continuous life; • Ease of attracting capital; • Large size.
Disadvantages of a corporation
Private and public corporations
A public corporation is one that issues certificates of ownership or shares of common stock that may be traded on stock exchanges.
with other legal bodies; - to sue or be sued in its own name.
body
body= organization student body legislative body congress senate (senator) house of represntitives (represntitives) judicial body Supreme Court administrive body president (White House)
- Owners receive a fixed dividend before common stockholders receive any dividends.
- Owners usually do not have the right to vote on the company’s board of directors.
A Basic Business Reader
Chapter 3
Forms of Business Ownership (2)
rivision
sole proprietorship partnership
corporation cooperation
Objectives
After studying this chapter you will be able to:
Capitol
White House
body
entity organization institution institute bureau (Federal Bureau of Investigation) agency (Central Intelligence Agency) association (China Football Association) society
A corporation is a legal body created by the state. As a legal body, it is able:
- to buy, own, and transfer property; - to enter into contracts with individuals or
Understand the nature of a corporation and its advantages and disadvantages. Describe how a corporation is created and managed. Understand how the form of organization affects (1) taxes, (2) the distribution of profits, (3) the ownership and control of a business, and (4) the liabilities of business owners.
Public corporations have to:
- produce financial reports to the public; - go through complex procedures to make
decisions; - hold public stockholቤተ መጻሕፍቲ ባይዱer meetings.
Board of directors: to ensure that the
objectives of the corporation are achieved on schedule.
Corporate officers: responsible to the board of
directors for the management and daily operations of the firm.