What Are Some Important Social Responsibilities of Small Businesses

question 41

Essay

What are some important social responsibilities of small businesses?

Understand the concept and purposes of cooperative business organizations.

Recognize the characteristics and function of joint stock companies.

Explain the features and legal implications of various business combinations such as business trusts, joint ventures, and incorporated cooperatives.

Identify the role and implications of syndicates in purchasing professional franchises.

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Definitions:

Execute Judgement

The legal process of enforcing or implementing a court's judgment or order.

Strictly Liable

A legal condition where a party is responsible for damages or loss, regardless of fault or negligence.

Dangerous Object

An item that through its inherent characteristics, use, or misuse, can reasonably be foreseen to cause injury or harm.