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El documento trata sobre las ciencias sociales durante los años 2013-2014. Cubre temas relacionados con la sociología, la psicología, la antropología y la política. Proporciona una visión general de los principales eventos, descubrimientos e investigaciones en estas áreas durante ese período de tiempo.
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1. A sole proprietorship is a business owned and operated by one individual. As the sole owner, the proprietor is personally responsible for the debts and liabilities of the business.
2. Sole proprietorships have advantages like quick decision making, confidentiality of information, and direct incentive for the owner. However, they also have limitations such as limited resources, unlimited liability for the owner, and limited managerial ability.
3. The proprietor has complete control over the business but the business ends if the proprietor dies or becomes insolvent since there is no separate legal identity between the owner and the business.
Partnership
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The document outlines several key objectives of business activities:
1. The primary objective is to earn a profit, as profit is essential for the survival and growth of a business.
2. Businesses must also consider their social responsibilities and fulfill the expectations of society to sustain themselves in the long run.
3. Additional objectives include establishing a strong market standing through innovation, improving productivity, acquiring necessary physical and financial resources, developing manager and worker performance, and fulfilling social responsibilities.
Nature and purpose
Business involves the regular production, procurement, or sale of goods and services with the aim of earning a profit. It is considered an economic activity. Key characteristics of business include the production or procurement of goods and services, their sale or exchange, dealing in goods and services on a regular basis, earning a profit, and uncertainty of returns due to risks. Profits depend on efforts as well as uncertain external factors like changes in technology, tastes, competition, labor issues, and natural disasters.
Business risk
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1) The language of instruction is crucial for delivering quality education as it is the medium through which knowledge is transmitted between teachers and students.
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This document discusses English for Specific Purposes (ESP) and its historical development. ESP involves teaching English in professional contexts like business, medicine, or aviation. It began focusing on grammar in the 1960s-70s, then integrated rhetorical functions in the 1980s. The 1980s also saw a notional-functional approach emphasizing communicative purposes. Later, ESP considered learner strategies and needs. Recently, some propose the term "Academic and Professional Languages." Effective ESP classrooms combine English teaching with the subject matter, set clear goals, and require teachers to adapt their skills to both language and content teaching.
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Teachers now have many roles beyond just imparting knowledge. They act as facilitators who guide students in setting goals and organizing the learning process. Teachers also take on roles as mentors, friends, role models, and substitutes for parents. With changes in technology and curriculum, teachers now must develop skills in areas like information technology, developing personalized lesson plans, and adapting to changing educational expectations and systems. Teachers play an important role in developing students' character and preparing them to contribute positively to society.
Functions of an entrepreneur
An entrepreneur performs various functions from developing an idea to establishing and operating a successful business. They recognize commercial opportunities, formulate business policies for production, marketing, and organization. According to economists, an entrepreneur's functions include entrepreneurial, promotional, managerial, and commercial activities such as innovation, risk-taking, and organization building. Entrepreneurs conduct market research and analysis, acquire necessary resources, determine capital structure, and manage production, finance, marketing, personnel, accounting, and other business operations.
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The document discusses the concepts of entrepreneurship, entrepreneur, and enterprise. It defines an entrepreneur as an individual who undertakes the risk of starting a new business venture. The word "entrepreneur" originated from the French word "entreprendre," meaning to undertake. An entrepreneur is responsible for setting up businesses, demonstrating innovation and initiative, creating jobs and wealth, and driving economic growth. The key aspects of an entrepreneur are that they develop their own enterprises, are innovative, persist in the face of challenges, and take on the risks and responsibilities of business ownership.
Entrepreneurial motivation
This document discusses different theories of motivation. It begins by defining motivation as an internal state that directs and maintains behavior. It then discusses entrepreneurial motivation as the process that activates entrepreneurs to exert effort towards their goals.
The document goes on to summarize Maslow's hierarchy of needs theory, which proposes that people are motivated by five universal needs arranged hierarchically from physiological needs to safety, social, esteem, and self-actualization needs. It provides examples of each type of need.
Finally, the document summarizes McClelland's theory of needs, which identifies the three main motives that drive people as achievement, affiliation, and power. It describes each motive and explains how recognizing an individual's dominant motive can
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The document discusses different personality types of entrepreneurs and how their personalities influence their entrepreneurial approach. It identifies seven main types: Trailblazers who are ambitious, goal-oriented risk takers; Go-getters who are driven to get things done; Managers who are goal-oriented and focus on processes; Motivators who are good at building consensus and driving change; Authoritarians who do things the right way and follow rules carefully; Collaborators who are sociable and do well in customer-facing businesses; and Diplomats who work well under pressure, adjust to change, and multitask. Each type has different strengths and tendencies that impact how they approach entrepreneurship.
Competencies of an entrepreneur
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Advantage & disadvantages of entrepreneurship
Entrepreneurship involves significant risk but can provide substantial rewards like profits and independence. While it offers excitement from adventure and developing new products, entrepreneurs must be willing to work irregular schedules and make difficult decisions alone. Starting a business also means entrepreneurs may have to forgo benefits, give up a steady salary, and deal with incompetent staff, all of which can negatively impact productivity and profits if not properly managed.
Types of entrepreneurs
There are many types of entrepreneurs, which can be classified in various ways. Some key classifications include innovative entrepreneurs, who introduce new products or ideas; imitative entrepreneurs, who copy innovations; and business entrepreneurs, who establish enterprises to produce new products or services. Entrepreneurs can also be classified based on their industry, such as technical entrepreneurs, who focus on production, or non-technical entrepreneurs, who focus on marketing. The document also discusses spontaneous, induced, motivated, first generation, inherited, and third generation entrepreneurs.
Process of entrepreneurship
The document outlines the process of entrepreneurship, which includes self-discovery to identify new ideas and assess opportunities, generating and evaluating ideas to satisfy needs, planning by researching resources and activities, raising start-up capital using a business plan, starting production and distribution to create customers, growing the business with strategies and technology, and harvesting rewards by marketing products.
Need for entrepreneurship
The document discusses the need for entrepreneurship in developing countries like India. It states that entrepreneurship plays a vital role in economic development and growth by bringing innovation, creating employment opportunities, and increasing profits. Entrepreneurship is important for providing inclusive growth and meeting the challenges of advancing technology through new ideas and reducing costs. The development of entrepreneurship is key for a country to become more developed and raise standards of living.
Forms of business organisations sole trader
1. A sole proprietorship is a business owned and operated by one individual. As the sole owner, the proprietor is personally responsible for the debts and liabilities of the business.
2. Sole proprietorships have advantages like quick decision making, confidentiality of information, and direct incentive for the owner. However, they also have limitations such as limited resources, unlimited liability for the owner, and limited managerial ability.
3. The proprietor has complete control over the business but the business ends if the proprietor dies or becomes insolvent since there is no separate legal identity between the owner and the business.
Partnership
A partnership is formed through a legal agreement between two or more persons to carry on a lawful business together with a view to earn profits. Key characteristics of a partnership include unlimited liability of partners, shared risks and profits, mutual agency where each partner acts as an agent for the other partners, and lack of continuity if a partner dies or leaves. Partnerships offer benefits like ease of formation and closure, balanced decision making, and sharing of risks. However, partnerships also have drawbacks such as unlimited liability, limited funding, potential for conflicts between partners, and lack of continuity if a partner leaves.
Objectives of business
The document outlines several key objectives of business activities:
1. The primary objective is to earn a profit, as profit is essential for the survival and growth of a business.
2. Businesses must also consider their social responsibilities and fulfill the expectations of society to sustain themselves in the long run.
3. Additional objectives include establishing a strong market standing through innovation, improving productivity, acquiring necessary physical and financial resources, developing manager and worker performance, and fulfilling social responsibilities.
Nature and purpose
Business involves the regular production, procurement, or sale of goods and services with the aim of earning a profit. It is considered an economic activity. Key characteristics of business include the production or procurement of goods and services, their sale or exchange, dealing in goods and services on a regular basis, earning a profit, and uncertainty of returns due to risks. Profits depend on efforts as well as uncertain external factors like changes in technology, tastes, competition, labor issues, and natural disasters.
Business risk
Business risk refers to the possibility of inadequate profits or losses due to uncertainties or unexpected events. There are two types of business risk: speculative risk which involves the chance of gain or loss due to changing market conditions, and pure risk which only involves the possibility of loss, such as those from fires, theft, or natural disasters. Risk is an inherent part of business that cannot be avoided, but can only be minimized. The degree of risk depends on the nature and size of a business, with larger businesses facing more risk than smaller ones. Risk and potential gain are interconnected, so greater risks may lead to greater rewards if successful.
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