ARE 5.0 PCM LATEST UPDATE WITH VERIFIED SOLUTIONS

ARE 5.0 PCM LATEST UPDATE WITH VERIFIED SOLUTIONS CANNON 1 GENERAL OBLIGATIONS: MAINTAIN & ADVANCE THEIR KNOWLEDGE OF THE ART & SCIENCE OF ARCHITECTURE, CONTRIBUTE TO ITS GROWTH, EXERCISE LEARNED AND COMPROMISED PROFESSIONAL JUDGEMENT. CANNON II OBLIGATIONS TO THE PUBLIC: SERVE THE PUBLIC INTEREST IN THEIR PROFESSIONAL AND PERSONAL ACTIVITIES CANNON III OBLIGATIONS TO THE CLIENT: SERVE CLIENTS COMPETENTLY AND IN A PROFESSIONAL MANNER. CANNON IV OBLIGATIONS TO THE PROFESSION: UPHOLD THE INTEGRITY AND DIGNITY OF THE PROFESSION. CANNON V OBLIGATIONS TO COLLEAGUES: RESPECT THE RIGHTS AND ACKNOWLEDGE THE PROFESSIONAL ASPIRATIONS AND CONTRIBUTIONS OF THEIR COLLEAGUES. CANNON VI OBLIGATIONS TO THE ENVIRONMENT: PROMOTE SUSTAINABLE DESIGN AND DEVELOPMENT PRINCIPLES SOLE PROPRIETORSHIP OWNED BY AN INDIVIDUAL. EASY TO SETUP, TOTAL MGT BY OWNER, POSSIBLE TAX ADVANTAGES. DISADVANTAGE: OWNER IS PERSONALLY LIABLE FOR COMPANY DEBTS AND LOSSES GENERAL PARTNERSHIP 2 OR MORE PEOPLE, GENERAL PARTNERS, SHARE MGT, RISK, RPFIT. INCOME IS SHARED & REPORTED ON PERSONAL TAX FORMS. EACH PARTNER IS PERSONALLY LIABLE FOR BUSINESS DEBTS. LIMITED PARTNERSHIP HAS ONE GENERAL PARTNER & AT LEAST ONE LIMITED PARTNER. GEN. PARTNERS INVEST & MANAGE IT & ARE FINANCIALLY RESPONSIBLE. LIMITED PARTNERS ARE SILENT INVESTORS, ONLY LIABLE FOR THEIR INITIAL INVESTMENT. CORPORATION/ C CORP A LEGAL ENTITY SEPARATE FROM ITS MEMBERS, REQUIRES ARTICLES OF CORP FROM STATE OFFICE. MEMBERS ARE ONLY RESPONSIBLE FOR INITAL INVESTMENT. C CORP STRUCTURE: STOCKHOLDERS, DIRECTORS, OFFICERS CORP ADVANTAGE: MEMBERS PERSONAL ASSETS ARE NOT AT RISK. TAXED AT LOWER RATES BUT ONCE AT THE BUSINESS LEVEL ON ITS PROFITS AND ONCE FOR ITS SHAREHOLDERS FOR DIVIDENDS S CORP ALLOCATES INCOME AND LOSSES DIRECTLY TO SHAREHOLDERS. LIMITED TO SMALL BUSINESSES, LESS THAN 100. LLC OR LLP CONSIST OF INVESTORS/MEMBERS AND MANAGERS. MEMBERS HAVE NO PERSONAL LIABILITY ONLY INITIAL INVESTMENT. NOT A SEPARATE ENTITY TAX WISE SO THE BUSINESS ISN'T TAXED. PROFITS/LOSSES AND TAXES ARE PASSED ON TO ITS MEMBERS JOINT VENTURE TEMP ASSOCIATION OF 2 OR MORE PERSONS/FIRMS FOR THE PURPOSE OF COMPLETING A PROJECT OR GOAL. TYP. OF LARGE PROJECT TYPES & OUTSOURCING EXPERTISE. DISSOLVES AFTER COMPLETION. TEAMING AGREEMENT DEFINES ROLES, RESPONSIBILITIES, & CONTRACTUAL RELATIONSHIPS. NOT A FORMAL AGREEMENT. STANDARD OF CARE LEVEL OF SKILL & DILIGENCE THAT A REASONABLY PRUDENT ARCH WOULD EXERCISE IN THE SAME COMMUNITY, IN THE SAME FRAME AND GIVEN THE SAME SIM FACTS & CIRCUMSTANCES. DEPARTMENTAL ORG/ HORIZ OR FLAT ORG VERY EFFICIENT, ALLOWS FOR FINE TUNING OF PROCESSES, CREATES ECONOMIES OF SCALE. POSSIBLE COMMUNICATION ISSUES. STUDIO ORG / VERT OR TALL ORG STUDIOS ARE GEARED FOR COMPLETING ENTIRE PROJECTS BASED ON TYPES. WITHIN THE GROUP. OUTSOURCING CONTRACTING W ANOTHER COMPANY TO DO SOME WORK FOR A PROJECT. SUPPORT STAFF EMPLOYEES OTHER THAN PROFESSIONAL STAFF & SENIOR MGT. IR MARKETING, ACCOUNTING ETC BUSINESS LICENSES MUST CONFORM TO LOCAL, STATE, & FEDERAL LAWS AND REGS. A CORP. MUST BE REGISTERED W THE STATE WHICH IT PRACTICES CORP REQUIREMENT SOME STATES REQUIRE FILING W STATE REG BOARD TO OBTAIN A CERTIFICATE OF AUTHORIZATION SOLE PROPRIETORSHIP MUST PAY SELF EMPLOYMENT TAXES TO COVER SS & MEDICARE. HR PERSONNEL MGT INVOLVES ENTIRE RANGE OF HIRING, COMPENSATING, MANAGING & TERMINATING EMPLOYESS. EMPLOYMENT AT WILL NO WRITTEN CONTRACT MEANS EMPLOYEE CAN BE LET GO AT ANY TIME WITHOUT EXPLANATION. INDEPENDENT CONTRACTOR HOURLY EMPLOYEE, WORKS ON OWN EQUIP, CONTROL HOW AND WHERE THEY WORK AFTER GIVEN INITIAL ASSIGNMENT. BEHAVIORAL CONTROL, FINANCIAL CONTROL, RELATIONSHIP BETWEEN WORKER AND EMPLOYER JOB DESCRIPTION DEFINES DUTIES AND RESPONSIBILITIES OF THE PERSON HOLDING A SPECIFIC JOB TITLE. MAY ALSO INCLUDE QUALIFICATIONS AND REQ. EXPERIENCE PERSONNEL POLICY MANUAL POSITIVE STATEMENT OF THE FIRMS COMMITMENT TO EMPLOYEES, CLIENT AND PUBLIC AT LARGE. PERSONNEL POLICY MANUAL STATEMENTS REG