PIN HOLE CAMERA ANALYSIS
& THE FOR ELEMENTS OF EXPOSURE
For this assignment we has to create photographic images produced by a homemade pin hole camera with no control of the elements of sensitivity, light areas, aperture was fixed at the time of filming. With the only control was time.
Sunday 31 October 2010
Saturday 16 October 2010
Business homework
Legal structure
Unincorporated business - legal identity that the business and the owner is the same, that there is no distinction in law between the individual owner and the business itself. Such business tend to be sole traders or partnerships
Incorporated business - legal identity that the business and the owner are separated and treated individual. These organisations can own assets, own money and enter into contracts in their own right. Such business like Private Limited Company and Public Limited Company.
Sole Trader - a business owned by one person, can still employ staffs.
Advantage - Can make own decision, can be the boss
Disadvantage - Unlimited liability, harder to raise finance
Partnerships - a form of business which two or more people operate for common goal of making a profit. Usually unlimited liability. However Limited Liability Partner ship (LLP) in response to concern about the unlimited liability of partners who are actively involved in business to limit their liability for debts.
Advantage - Greater potential to raise finance (partner each provide the investment), business benefits from the expertise and efforts of more than one owner
Disadvantage - Poor decision by one partner damages the interest of the other partners. Partners are bound to honour decision of others
Limited Company - Limited companies differ form sole traders and partnership in that they are separated legal entities to the founder. A legal entity can own thing itself (assets), can sue and be sue. Companies aer owned by their shareholders and run by directors. The share holders appoint the directors (who in mot cases are one and the same people) who must then run the company in the interest of the shareholder.
Advantage - limited liability, stable form of structure
Disadvantage - greater admin costs, directors' legal duties
Public Limited Company -tends to have a larger value of share capital invested and its shares may be traded publicly (stock exchange).
Advantage - no limited shareholders, easy to raise finance
Disadvantage - anyone can but shares even people from the rival company, public disclosure of company information
Unlimited Liability mean the owners of business are liable for all debts of the business. Therefore the banks may take away all personal assets to sell them to repay the debts. If the debts of the business is greater than the personal assets of the owners, they may be force into bankruptcy.
Unlimited Liability is a characteristic of business that are unincorporated.
Limited Liability mean the liability of the owners of business is limited to the fully paid-up value of the share capital. The shareholders' personal assets will not be effected. Limiting the amount of shareholders' liability is an important factor in encouraging people to invest. Limited Liability is a feature of Incorporated business.
Unincorporated business - legal identity that the business and the owner is the same, that there is no distinction in law between the individual owner and the business itself. Such business tend to be sole traders or partnerships
Incorporated business - legal identity that the business and the owner are separated and treated individual. These organisations can own assets, own money and enter into contracts in their own right. Such business like Private Limited Company and Public Limited Company.
Sole Trader - a business owned by one person, can still employ staffs.
Advantage - Can make own decision, can be the boss
Disadvantage - Unlimited liability, harder to raise finance
Partnerships - a form of business which two or more people operate for common goal of making a profit. Usually unlimited liability. However Limited Liability Partner ship (LLP) in response to concern about the unlimited liability of partners who are actively involved in business to limit their liability for debts.
Advantage - Greater potential to raise finance (partner each provide the investment), business benefits from the expertise and efforts of more than one owner
Disadvantage - Poor decision by one partner damages the interest of the other partners. Partners are bound to honour decision of others
Limited Company - Limited companies differ form sole traders and partnership in that they are separated legal entities to the founder. A legal entity can own thing itself (assets), can sue and be sue. Companies aer owned by their shareholders and run by directors. The share holders appoint the directors (who in mot cases are one and the same people) who must then run the company in the interest of the shareholder.
Advantage - limited liability, stable form of structure
Disadvantage - greater admin costs, directors' legal duties
Private Limited Company - Mean that the shares of the company are not traded publicly on stock exchange
Advantage - Can sell shares to people they can trust and people they want, affairs can be keep reasonably private.
Disadvantage - Can not trade shares of stock market, not as easy to raise finance compare to public.Public Limited Company -tends to have a larger value of share capital invested and its shares may be traded publicly (stock exchange).
Advantage - no limited shareholders, easy to raise finance
Disadvantage - anyone can but shares even people from the rival company, public disclosure of company information
Unlimited Liability mean the owners of business are liable for all debts of the business. Therefore the banks may take away all personal assets to sell them to repay the debts. If the debts of the business is greater than the personal assets of the owners, they may be force into bankruptcy.
Unlimited Liability is a characteristic of business that are unincorporated.
Limited Liability mean the liability of the owners of business is limited to the fully paid-up value of the share capital. The shareholders' personal assets will not be effected. Limiting the amount of shareholders' liability is an important factor in encouraging people to invest. Limited Liability is a feature of Incorporated business.
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