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1.1 ‘Company law’

Before embarking on this course, it is important to take some time to think about the implications of its title: Company law in context. In particular, what constitutes ‘company law’, and what is the context in which we are thinking about it?

At this point, you might like to pause for a moment and contemplate what this phrase means to you. In particular, what do you understand by the concept of a ‘company’?

At first, this may seem like a ludicrously straightforward questio
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Learning outcomes

After studying this course, you should be able to:

  • Part A:

  • describe in general terms what a business is

  • demonstrate an appreciation of the concept of capital.

  • Part B:

  • identify the main types of business medium

  • demonstrate an understanding of the key characteristics of businesses run as sole traders

  • determine what are the assets and liabilities of a business using numeracy skil
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Introduction

In this course, we will consider the nature of businesses and the principal forms of business organisation. The themes covered in Part A are company, business and capital; and in Part B, business mediums, sole traders, partnerships or firms, and assets and liabilities.

This OpenLearn course provides a sample of Level 1 study in Author(s): The Open University

4 OpenMark quiz

You might like to make some notes on the course for your own use later. Here is an example of a student's notes.

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6.2 The supremacy of EU law

Whenever there is a conflict between the provisions of EU law and the provisions of the domestic (national) law of a member state, then EU law will prevail. This is a principle which was developed by the ECJ as the relationship between domestic and EU law is not clarified by treaty provisions. This is an important principle, as it ensures the proper functioning of the EU. If an EU member state had the power to annul EU law by adopting new domestic (national) law which was in conflict with the
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4.5 The European Parliament

The European Parliament fulfils three main functions:

  • it shares the power to legislate

  • it exercises democratic supervision over all EC institutions

  • it shares authority over the EC budget.

The legislative and supervisory roles are based on the European Parliament's democratic legitimacy. Its members are directly elected every five years by the citizens of the EU member states.

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The Rainbow analysed
For centuries the rainbow has been an object of wonder for scientists and mathematicians. It has taken 2000 years to discover many of its secrets. This five track album uses 3D imagery to explain exactly how light is deflected off rain droplets to form the bow like shape we see. This material forms part of The Open University course MU120 Open mathematics. The OpenLe
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Introduction

Your course might not include any maths or technical content but, at some point during your course, it's likely that you'll come across information represented in charts, graphs and tables. You'll be expected to know how to interpret this information. This course will help you to develop the skills you need to do this. This course can be used in conjunction with openlearn course LDT_4 More working with charts, graphs and tables, which looks into more ways to present statistical
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Introduction

This course provides an overview of John Napier and his work on logarithms. It discusses his approach to this lasting invention and looks at the key players who worked with him, including Briggs, Wright and Kepler.

This OpenLearn course provides a sample of Level 2 study in Mathematics


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Vectors and conics
Attempts to answer problems in areas as diverse as science, technology and economics involve solving simultaneous linear equations. In this free course, Vectors and conics, we look at some of the equations that represent points, lines and planes in mathematics. We explore concepts such as Euclidean space, vectors, dot products and conics. First
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Learning outcomes

After studying this course, you should be able to:

  • divide one number by another

  • divide using decimals

  • practise division skills learnt.


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Introduction to differential equations
Differential equations are any equations that include derivatives and arise in many situations. This free course, Introduction to differential equations, considers three types of first-order differential equations. Section 1 introduces equations that can be solved by direct integration and section 2 the method of separation of variables. Section 3 looks at applications of differential equations for solving real world problems. Section 4 introduces the integrating factor method for solving linear
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Maths for science and technology
PLEASE NOTE: This course is being deleted from OpenLearn and will be replaced with a Badged Open version.You’re about to start a course in science and technology and you're wondering whether your level of maths is going to be enough to get you through. This free course, Maths for science and technology, will show you how to reflect on what you know, identify which skills you might need for your course, and help you to learn those skills using worked examples and activities.Author(s): Creator not set

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3.18 Practical examples of negative numbers

Negative numbers occur in financial matters, in temperature or height measurements and many other practical situations.

Example 26

  • (a) If the value of a painting increases by £20 a year and it is worth £200 today, how much will it be wort
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3.17 Subtraction of negative numbers

Next consider subtraction of a negative number. In terms of Thomas’s piggy bank, subtracting a negative number is the same as taking away one of his IOUs. If his mother says ‘you have been a good boy today so I’ll take away that IOU for £3’ this is equivalent to him being given £3.

So, − (3) = 3. Does this correspond with the number line interpretation of subtracting a negative number?

Consider the evaluation of 8 − 3. Continue to think o
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Try some yourself

Activity 56

Evaluate each of the following and give an example from everyday life to illustrate the sum (e.g. Thomas's piggy bank).

  • (a) 4 − 6

  • (b
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3.14.1 Try some yourself

Activity 55

Evaluate the following, giving your answer in its simplest form.

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3.12 Division by fractions

Before considering division of fractions, it is helpful to think about division of whole numbers.

6 ÷ 2 asks for the number of twos in 6: 6 ÷ 2 = 3, since three twos are six (3 × 2 = 6).

In a similar way, 6 ÷ Author(s): The Open University

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Try some yourself

Activity 46

Evaluate each of the following.

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3.8.1 Try some yourself

Activity 40

Without using your calculator, find the following.

  • (a) 75.6 ÷ 0.6

  • (b) 75.6 × 0.6

  • (c) 100.001 + 75.6 ÷ 0.6

  • (d) (100.
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