Case Study Toxic Waste Business Essay

Words: 1153
Pages: 5
Open Document
-------------------------------------------------
Assignment 1 – LGST 369
-------------------------------------------------
Case Study A & B
Victoria Esposito 3088325

Case Study A – 50 %

Stan is thinking about starting a toxic waste disposal business. He plans to collect the waste from businesses that produce it and then dispose of it in a sanitary landfill. In order to start this business, Stan will need a substantial amount of money to buy and develop the landfill site and purchase five trucks capable of transporting toxic waste.

Stan should have concerns about operating this business as a sole proprietorship, a sole proprietorship exists when a person carries on a business on their own, without adopting any other form …show more content…
Case Study B – 50%

In this situation presented between Marty and Sally, they were carrying on business as a partnership, but a Limited Partnership, which is slightly different than a General Partnership. A General Partnership is a form of business organization that comes into existence when two or more persons carry on business together with a view to a profit. There are many characteristics of a general partnership, which explain why Marty and Sally were carrying on business as a Limited Partnership rather than a General Partnership. These characteristics include; A partner cannot be employed by the partnership, All benefits of the partnership business accrue directly to the partners, All partners are personally liable for all the obligations of the business, including torts committed by a partner or an employee of the partnership in the course of the firm’s business. Since Marty is in fact employed by Sally as the manager of Trader’s Place, it is clear that they are not carrying on business in a general partnership. There are also many factors that suggest the existence of a partnership, these include; Sharing profits, Sharing responsibility for losses, including guaranteeing partnership debts, jointly owning property, participating in management including having signing authority for contracts and bank accounts and enjoying
Show More

Related Documents: Case Study Toxic Waste Business Essay

B-Law Essay

Case Study A: What concerns would you have about operating this business as a sole proprietorship if you were Stan? What alternative form of business organization would you recommend and why? In this case Stan is thinking about starting a toxic waste disposal business. He is considering operating this business as a sole proprietorship. Although this is a valid business organization it also carries numerous disadvantages, if not all aspects of the company are taken into account. I will explain…

Words 1324 - Pages 6

The Importance Of Recycling

Recycling is a process that starts from collecting waste that is considered to be recyclable. After collection, the recyclable waste is processed and brought into its initial raw form that can be used in the production process of a new product. Recycling helps to preserve scarce natural resources. Moreover, recycling process requires fewer resources that keeps the planet away from an extra pollution. In order to save the scarce natural resources, we should find ways to preserve and recycle whatever…

Words 733 - Pages 3

WHAT A DUMP Essay

2014). Ben Lupo put his own business interests ahead of the health and safety of citizens, natural resources and wildlife. Lupo ordered the release of his company’s brine waste into the Mahoning River. The multiple dumpings of toxic brine saline took place between November 1, 2012 and January 31, 2013 (Byrd, 2014). There were approximately 58 mobile storage tanks at the facility and each holds approximately 20,000 gallons. Lupo directed an employee to empty the waste liquid stored at the facility…

Words 1045 - Pages 5

Essay on Tapped: Bottled Water

water industry, Nestle, and uses interviews and studies to discuss the bottled water industry. The documentary argues for and against the bottled water industry, but tends to favor the anti-industry perspective in most cases. There are many different issues discussed in this documentary and the main ones are the costs, both against the environment and community of the region used by Nestle for water mining. Freyburg, Maine was used as the study area for this documentary and the first part of the…

Words 963 - Pages 4

nike awareness Essay

Table of contents 1. INTRODUCTION Over the past 20 years, business sustainability and earth friendly practices have been essential subjects in the development of society and economic growth alongside the preservation of the environment. The biggest challenges for companies are to diminish their carbon footprint, toxic release and to have an appropriate waste management, it has been all about “improving efficiency-reducing financial risks” (Cohen, 2011). This…

Words 1196 - Pages 5

Home Depot Corporate Social Responsibility

and protect its stakeholders when making a business decision (Post, Lawrence & Weber, 2002). Firms engage in attaining philanthropic endeavors wield power to improve society; however, the decisions) it makes is disputable when the constraints pose a threat to the stakeholder's well-being and environment. The Environmental Protection Agency (EPA) protect the environment, the Nuclear…

Words 1111 - Pages 5

Class Reflective Writing Up 2 Final Essay

Nova Southeastern University H. Wayne Huizenga School of Business & Entrepreneurship Assignment for Course: Introductory Marketing Submitted to: Dena Hale, Ph.D. Date of Submission: Title of Assignment: Class Writing Assignment 2 CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted…

Words 609 - Pages 3

Case Study Of Asbestos

| | CASE STUDY OF CONTAMINATED SOIL AN ASBESTOS CASE STUDY - FLAT BUSH, MANUKAU CITY, SOUTH AUCKLAND, NEWZEALAND. July 2011 TABLE OF CONTENTS 1 BACKGROUND 2 1.1 Introduction 2 1.2 Flat Bush Asbestos Site Location 2 1.3 Site History 3 2 EVALUATION OF ASBESTOS EXTENT AND ITS IMPACTS 5 2.1 General 5 2.2 Health Issues 6 2.3 Remediation Options and Regulations 6 3 FACTS ABOUT ASBESTOS 8 3.1 Nature of Asbestos 8 3.2 Asbestos in Environment 8 3.3 Exposure…

Words 2458 - Pages 10

Essay On Solid Waste Management

CHAPTER ONE INTRODUCTION 1.1 Background to the study According to the UN-Habitat, state of the world’s cities, 2008/09, page 129, a major flood in Surat, India, in 1994 resulted in an outbreak of a plague-like disease, and the official inquiry cited uncollected solid waste of which plastics are of greater percentage blocking drains. The disease caused panic country-wide and while the citizens blame the municipality, the public authorities in turn blamed the citizens for their lack of civic sense…

Words 6108 - Pages 25

Green Computing Essay

rapidly increases, the harmful secretions into the environment will multiply to 1.54 gagatons attributing 3 percent of Earth’s emissions. This number is said to be obtained around year 2020, which, according to some, will be more than what the airline business can claim (Yang & Hsu, 2011). Computers, including mobile computing devices, find their way to landfills where they are not discarded correctly, which can be detrimental to the environment. While uncontrollable, the insistence for more computer technology…

Words 3838 - Pages 16