Decisions, Decisions, Decisions Essay Example | Topics and Well Written Essays - 500 words

Decisions, Decisions, Decisions - Essay Example No other information on the Volvo was likely to find such an available spot in his memory. His position was further reinforced by the representative heuristic (The Fallacy Files 2007). Every Volvo he had known had been a piece of junk. Though the fact that he had seen only one Volvo in his lifetime rendered it statistically meaningless, to him it was 100 percent of them. In making the decision on whether to buy a Volvo or Saab, I would rely on expert testimony. The experts at Consumer Reports would certainly qualify as informed and unbiased experts. I would also rely on the feedback from existing Volvo owners. To convince my supervisor, I would use an appeal to authority argument and persuade the supervisor that these were indeed experts (Nolt et al. 1998 p.199). I would also demonstrate how many Volvo owners are very happy with the car. Though this may be the fallacy of appealing to popularity, my supervisor has shown he is vulnerable to false logic (Nolt et al. 1998 p.201). I would have no ethical problem with this as I am convinced that the Volvo is superior by my own sound reasoning. By acknowledging that the candidate for the Marketing Managers position was well qualified, it puts forth the belief that my co-worker was biased. My co-worker may have had an uneasy feeling about hiring someone who has worked for a competitor for so long.

Your Business Structure and Corporate Business Structures Essay

Your Business Structure and Corporate Business Structures - Essay Example The decisions made are made the sole persons. (Resnicoff, 2006) The owner of the business may hire staffs to manage the business on his/her behalf. Sole proprietorship is the most available business. The first advantage of sole proprietorship is that is simple to form. It does not require a lot of formalities to form it. One can start it any time without following or filling legal formalities. The second advantage is that it is simple to manage. The owner of the business may find it easy to manage the business on his own. This reduces complications and follow-ups. It is also easy for a sole proprietorship to be sold or passed from one generation to the other. (Resnicoff, 2006) Thirdly, sole proprietorship has the tax advantage. A tax imposed on the sole proprietorship is based on the personal income. This means that the tax liability is less as compared to other forms of business. It is also easy to terminate the business. The owner of the business can terminate the business at his will. No legal formalities are required to end the business. (Resnicoff, 2006) One of the setbacks of sole proprietorship is that it is difficult to raise money. Financing institutions and banks are reluctant to fund a sole proprietor. It is also difficult for a person to get the fund from the government institution. This is a form whereby the two or more people with a common goal get into an agreement to run a business. The persons contribute money, and the profit is shared according to the agreed ratio or the contribution ratio. (Welsh, 2000) This form of business has several advantages. One of them is that it is easy for the partners to raise capital. Through their contribution, the partners can raise a lot of money easily. With partnership, taxes are not on the whole partnership but to the individual partners income. This makes the partnership have a tax advantage. The third advantage is, with different partners involved in the