Review the questions(ifany)listed in the lecture outline. P sentation,discussion,teamwork and case study with the aid of multi-media 盖加者吸R和a黄 明个八职业规划与家底财务规划如何与社会主义经 Lecture outline What does it mean by saying "It isn't rocket science that sweating the small stuff is important"(para.1,page 21) What does"food as fuel"imply?(para 1,page 21) How much page 21) Please interpret the statement"Still my saving afer tax wage income is around bumps up t Pease analyse the grammatical structure of the emperate climate"(para,page) What is your understanding on the statement "In terms of quality I live somewhat above the ordinary consumer class standard of living own m S but is quite came an acad ner and wa American society?(para.1,page 23) 6
6 Review the questions (if any) listed in the lecture outline. Teaching Methods: Lecturing, presentation, discussion, teamwork and case study with the aid of multi-media Session 4. Additional Reading: Personal Finance – Part II 思政内容：延续Session 2的内容，用更多事例来说明个人职业规划与家庭财务规划如何与社会主义经 济建设大局相结合，了解国家的长期经济目标和重点发展领域，让个人的事业发展和家庭财务规划搭 上国家发展的快车。 Lecture Outline What does it mean by saying “It isn’t rocket science that sweating the small stuff is important” (para.1, page 21) What does “food as fuel” imply? (para. 1, page 21) How much of the after-tax wage does the author spend on improving himself? (para. 3, page 21) Please interpret the statement “Still my savings rate on my after tax wage income is around 40% which my passive income bumps up to almost 80%”. (para.3, page 21) Please analyse the grammatical structure of the sentence “I experimented one winter with whether I could do without heating in a temperate climate.” (para.1, page 22) What is the important message conveyed in paragraph 1 and 2, page 22? What is your understanding on the statement “In terms of quality I live somewhat above the ordinary consumer class standard of living since I own more luxury items but in terms of quantity my life style is quite a bit below.” (para. 2, page 22) Based on the information contained in the fact that “I became an academic researcher and was now making about as much as a state trooper or a long haul trucker”, what can you infer about American society? (para. 1, page 23)
What is the advantage of not going to college? (para 2.page 23) What is your understanding on the statemen nav and 10 h arcane details that are interesting to maybe on 5 or 10 people in the world probably sound 6 page 23) a great accomplishmer Home Assignments: Review the questions(if any)listed in the lecture outline Teaching Methods: Lecturing.presentation.discussion.teamwork and case study with the aid of multi-media Session 5.structural issues of business and organizational designin 思政内容：以 央企、事业单位的党委和行政双科层结构为案例进行分析，突显党委领导下的行 政首长负责制的优越性，以说明行政考核体系之外的书记的存在，可以避免行政首长在日常管理事务 中过度业绩导向的倾向和过度西化的绩效评价方式，对组织中的弱势群体起到了 一定的保护作用，对 社会大局的稳定和谐做出了不可磨灭的贡献。 Lecture Outline Classifications of Business Organization ways of classification The first classification- by industry sector service business goods-producing business service business:finance insurance ra other services like banking goods-producing business:manufacturing construction mining agriculture Second classification----by the ownership of firms:three basic forms of business and other types Sole proprietorship
7 What is the advantage of not going to college? (para. 2, page 23) What is your understanding on the statement “For those who have their heads and hands screwed on right, spending up to 10 years in the educational system just to learn how to research arcane details that are interesting to maybe only 5 or 10 people in the world probably sounds crazy as well whereas building a beautiful house is a great accomplishment.” (para. 2, page 23) Home Assignments: Review the questions (if any) listed in the lecture outline. Teaching Methods: Lecturing, presentation, discussion, teamwork and case study with the aid of multi-media Session 5. Structural Issues of Business and Organizational Designing 思政内容：以国企、央企、事业单位的党委和行政双科层结构为案例进行分析，突显党委领导下的行 政首长负责制的优越性，以说明行政考核体系之外的书记的存在，可以避免行政首长在日常管理事务 中过度业绩导向的倾向和过度西化的绩效评价方式，对组织中的弱势群体起到了一定的保护作用，对 社会大局的稳定和谐做出了不可磨灭的贡献。 Lecture Outline Classifications of Business Organization Two ways of classification: The first classification---- by industry sector: service business & goods-producing business service business: finance & insurance transportations & utilities wholesale & retail trade other services like banking goods-producing business: manufacturing construction mining agriculture Second classification -----by the ownership of firms: three basic forms of business and other types Sole proprietorship
Partnership Other types :Joint Venture, Technical Partnership,Syndicate,Cooperative,and Franchise Here:The form of organization means the type of ownership The main differences between the types of ownership are in their ability to raise capital, the size and the continuty of the enter rise,the disposition of profits,and the legal obligations in the event of bankruptcy Sole proprietorship Definition Sole means single,and the proprietor is the owner. a sole proprietorship is a business owned and usually managed by just one person who is responsible for its debts although it may have many employees. Advantages: Ease of Establishment;Independence, Flexibility:Secrecy.Pride of Ownership;Tax Advantages Disadvantages Limited Potential for Profitability;Management Problems,Financial Problems,Unlimited Liability: Overwhel ing Time Commitmen Few Fringe Benefit Limited Growth;Limited Life Partnership Definition: A partnership is a legal association of two or more persons in a business,as co-owners of that business Three key elements (1)common ownership; (2)shared profits and losses, (3)the right to participate in managing the 8
8 Partnership Corporation Other types :Joint Venture, Technical Partnership, Syndicate, Cooperative, and Franchise. Here: The form of organization means the type of ownership . The main differences between the types of ownership are in their ability to raise capital, the size and the continuity of the enterprise, the disposition of profits, and the legal obligations in the event of bankruptcy. Sole proprietorship Definition Sole means single, and the proprietor is the owner. A sole proprietorship is a business owned and usually managed by just one person who is responsible for its debts, although it may have many employees. Advantages: Ease of Establishment; Independence; Flexibility; Secrecy; Pride of Ownership; Tax Advantages Disadvantages: Limited Potential for Profitability; Management Problems; Financial Problems; Unlimited Liability; Overwhelming Time Commitment; Few Fringe Benefit Limited Growth; Limited Life Partnership Definition： A partnership is a legal association of two or more persons in a business, as co-owners of that business. Three key elements: (1) common ownership; (2) shared profits and losses; (3) the right to participate in managing the
operations of the business Three types of partnerships (1)general partnerships (2)limited partnerships (3)master limited partnerships Some terms:a general partner,a limited mited liability Major elements in a partnership agreement Advantages: Profit Potential;Incentives for Talented Employees,Shared Management Legal Advantage:Financial Advantage:Longer Survival Disadvantages Unlimited Liability,Interpersona Problems. Management Difficulties Difficult to Terminate;Life Span Corporation Definition A corporation is a body formed and authorized by law to act as a single person although constituted by one or more owed with various rightsand duties To form a corporation,at least three incorporators /shareholders/stockholders are needed How to Incorporate 1.Consult an experienced lawyer; 2.Select a location in which to incorporate: 3.File articles of incorporation and Home Assignments: Review the questions (if any)listed in the lecture outline Teaching Methods Lecturing.presentation,discussion,teamwork and case study with the aid of multi-media
9 operations of the business Three types of partnerships: (1) general partnerships (2) limited partnerships (3) master limited partnerships Some terms: a general partner, a limited partner, limited liability, unlimited liability How to form a partnership Major elements in a partnership agreement: Advantages: Profit Potential; Incentives for Talented Employees; Shared Management Legal Advantage; Financial Advantage; Longer Survival Disadvantages: Unlimited Liability; Interpersonal Problems; Management Difficulties Difficult to Terminate; Life Span Corporation Definition: A corporation is a body formed and authorized by law to act as a single person although constituted by one or more persons and legally endowed with various rights and duties. To form a corporation, at least three incorporators /shareholders/ stockholders are needed How to Incorporate 1. Consult an experienced lawyer; 2. Select a location in which to incorporate; 3. File articles of incorporation and corporate by laws. Tax Problems Home Assignments: Review the questions (if any) listed in the lecture outline. Teaching Methods: Lecturing, presentation, discussion, teamwork and case study with the aid of multi-media