Legal factors affecting business Student’s Name: Juan Carlos Ibarra Gaspar NUA: 117230 INSTRUCTIONS: After reading the introductory paragraph below, write a definition of each of the aspect presented. When business companies operate, they expect to face different internal and external factors that can affect their organizational operativity. Among all these factors, legal ones might greatly influence business organizations and affect how a different companies operate. There are several legal factors that affect businesses in many forms, including laws and regulations on taxation, employment, contract, securities, immigration and many more. The law affects the way businesses operate. That is the reason why any business should have a clear understanding and knowledge of the legal environment in which business organizations have function because these factors may determine its success or failure. DEFINE IN DETAIL. What is Organizational Law? O...
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Introduction to Accounting Answer these Questions in complete sentences. Why do you think accounting is seen as boring? Explain. For me accounting is seen as a job where people stay un a cubicle all day doing math. My perception is based on the stereotype rather than on actual experience. It just seems like a repetitive job where nothing changes. Which of the jobs mentioned would be most interesting for you? Give your reasons. Management accountant might be a job that could be interesting. Being able to keep control and always know the financial situation of the company. Why is it so important for accountants to be ethical? Explain in detail. Accountants must be ethical because this depends on the financial freedom of the organization. Not being ethical can also cause legal problems that can result in expensive fees or even jail time.
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INTEGRATED BUSINESS PLANNING (IBP) Student’s Name: Juan Carlos Ibarra Gaspar Answer the following study guide questions. What is “Integrated Business Planning” (IBP)? Integrated business planning is the process of changing desired business resources into financial requirements, this is done with the objective of maximizing profit while at the same time minimize risk. What is “Sales and Operations Planning” (S&OP)? Sales and operations planning is an integrated business management process through which the executive/leadership team continually achieves focus, alignment, and synchronization among all functions of the organization. What are the similarities between IBP and S&OP? Mention and describe them. When it comes to S&OP, its most important goal would be to develop a comprehensive business plan that integrates various functional planning task. IBP can be seen as the best practice and method that combines the financial and operatio...
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INFORMATION TECHNOLOGY & COMMUNICATION After watching the video, answer the following questions. What is Managing information within and outside the organization? This can be the knowledge of information from inside and outside the organization. Now with this modern information technologies, it makes it easier for almost anyone to access the information from inside or outside the organization. What is the importance of it? Today’s technologies have made it hard for business to adapt to the new information technologies. Even though these technologies are meant to increase productivity, those businesses have slowed down. When it comes to managing information outside the organization, one of the key aspects is how to deal with the media. What are the new technologies that companies have to manage for communications purposes? · Email and Internet · Voic...
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Task 1 Quality Management If your look for information on internet, do not copy and paste answers. Express the ideas in your own words or paraphrasing instead of copying. Remember to write complete sentences not isolated words or phrases. What is Quality Management? Quality management is the act of looking after all activities and task that need to be completed for a high level of excellence. What is the objective of Quality Management? The objectives of quality management are to reach a high level of: · Customer satisfaction · Repeated purchases · Customer recommendation · Lower marketing cost · Higher customer loyalty Which are the key components of Quality management? Describe in detail each one. Quality assurance- The process in which it is e...
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Task 1 Resource Management study guide questions. Do not copy and paste the answers. Read the information and express the ideas in your own words or paraphrasing instead of copying. Remember to write complete sentences not isolated words or phrases. 1.What is Resource Management? The process of using different business resources efficiently and effectively. It is focused on the planning, scheduling, and future allocation of resources to right project at the right time and cost. It is a way too improve profitability using the businesses resources. 2.Mention what is the importance of Resource Management in business. Resource management is an important part of a business, it helps optimize profitability and sustainability. 1. Minimize project resource cost significantly. 2. Improving effective/billable resource utilization. 3. Bridge the capacity vs demand gap proactively. ...
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Task 1 Human Resources Define Human resources. HR is the division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs. What is the role of human resources? Define in detail. What is Capital? recruiting hiring onboarding training firing employees administering employee benefits. In your opinion, is human resources necessary? Explain. Human resources are an important aspect of every organization. This helps the employees in ways that no other could. What are the main areas of Human resources? · Recruiting and staffing employees. · Employee benefits. · Employee compensation. · Employee and labor relations. · Human resources compliance. · ...