Real Life Bargaining & Negotiation Situation Research Paper

Real Life Bargaining & Negotiation Situation - Research Paper Example The cooks were only two, the waiters were two, and I was the only cashier. Employees, including me, were free only on Sunday when the business closed. We were also given a small amount of salary weekly. There was need for a negotiation that would ensure that the owner of the business was satisfied with the business profit while at the same time boosting the morale of employees with reduced workload and increased wages. The negotiation was faced by a lot of challenges. For instance, some employees were afraid of complaining or raising their concerns because they feared that they would lose their jobs. The employer was a strict person with a very serious personality. The economy was bad, and getting a job was difficult. Losing one’s job would therefore mean that things would become more difficult for the employees as they struggle to meet their daily needs. The employees also came from different backgrounds in terms of culture, social status and demography. Therefore, understanding each other in terms of ideas and items of negotiation was difficult. Despite this challenging environment, employees were compelled to approach the owner of the business for a negotiation for higher wages and reduced workload. The workload had caused significant level of stress among the employees and the wages barely met their daily needs. This would have a negative impact on the performance of staff and cause lower productivity and profitability. Therefore, the negotiation was not only necessary for the employees to meet their needs but also for the business to earn profits and grow. The people involved in the negotiation process were the employees, the business owner, regular customers, a few members and leaders of the community, and a member of the local government. I was one of the employees, and we were supported by some of the customers and members of the community who had noted how

FINAL EXAM Essay Example | Topics and Well Written Essays - 750 words

FINAL EXAM - Essay Example This separates personal assets from business assets hence cannot be involved in lawsuits. The other advantage is that cooperate business has a continuity agreement, in that even if one member dies the other shareholders still have it alive. Disadvantages come in when it is required to file many legal documents such as the certificates and articles of incorporation, which may take long and is cumbersome. Another major disadvantage is that cooperate business do get tax deductions when distributing dividends, and this eats up into shareholders earnings. Question 3 "To pierce the corporate veil" refers to the possibility of someone to sue the owners of the corporate business. The corporate shareholders are thus held personally liable for the assets and liabilities of the business. Double taxation happens when the cooperate business is taxed for being a corporation itself and the second time when distributing dividends which are profits paid to shareholders in return of their investments. Question 4 I would prefer to start a partnership business for a small cafe/restraint business, where I would sell beverages and snacks. If managed well, a restaurant business can be very profitable as food is one of the basic needs of a human being implying that customers would always stream into the restaurant provided high quality services are provided. Restaurants do not need a lot of capital and expertise to start, all it needs is a spacious room with furniture, a well stocked kitchen, a couple of employees, cooks and waitresses. I prefer a partnership business with two partners where every partner has equal responsibilities to the business and is involved in the daily operations of the restaurant. Partnerships are relatively easy to start and compared to sole proprietors, the partners can raise a higher capital to start the business. Partners help each other in business decisions for instance interviewing employees or signing in a new contract. In connection to my restraint bu siness, my partner should have a hotel and catering skills to compliment my business skills. With a partnership, it is easier to get credit facilities because they have unlimited liability hence easier to raise sufficient funds to run the restaurant. Lastly, a partnership business is easy to dissolve as there not many legal restrictions. When the partners decide to go separate ways they just need to agree on how to split the assets and benefits after paying all the debts. Question 5 General liability- Here, the court will have to establish who has right to control the work and workers performing the duties. Parties Intentions- The intention of parties is also considered when differentiating an employee and a contractor. The court should check the agreement between the parties. Financial control- In determining a person’s status, financial issues are also important. The court should establish who pays the workers and where they get tools to perform their duties. Tax- If the wo rker is an independent employee, he is supposed to pay taxes from his/her pocket but if the worker is a contractor the hiring parties should pay his taxes. Working time- If the working time is longer than that of a usual contract, then the workers lean more towards the employee side than a contractor. Question 6 In legal terminologies," respondeat superior" means the employer is liable for the mistakes of their employee committed on the scope of work (Marsh &