...Assignment #1 Economics and Ethical issues Matthew V. Gibbons Dr. Nick Nayak BUS 508/Section 025016 – The Business Enterprise July 18, 2010 Strayer University 1. Discuss what will happen to supply, demand, and price in the short term. The impact of supply in the short term for Mrs. Acres Homemade Pies if Shelly does not hire more staff or expand her current production will be she will not be able to keep up the amount of orders, demand, which she is currently receiving for her product. This is not necessarily a bad situation for the company to be experiencing. As the demand for the product increases Mrs. Acres Homemade Pies will be able to raise the price of the product to also offset the cost of hiring more staff and expanding production the production facilities in order to keep up with the demand of the product. In the short term Shelly needs to heavily consider raising the price of the pies to so that she can than afford to expand and keep production of the product under her control. The success of Mrs. Acres Homemade Pies is based in that it is not like your typically massed produced items that will sacrifice quality to keep the cost down. It would appear in this situation that part of the attraction of the product is the fact that it is of a better quality which is driving the demand of the consumer for the product. As we have discussed in previous discussions the consumer will dictate how much they will spend for a product which in turn will also create part...
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...Merger Acquisition Gaurang S. Patel Strayer University To Dr. Bridges BUS 508 – Contemporary Business Date: 07/06/2014 Q.1 Basically, merging in business world refers to the process whereby business that was initially separate entities come together and forms a corporation together and operates as one new entity (Chandra, 2005). To this effect, several reasons can be put across to explain why separate business entities decide to merge together with their competitors in the global market and operate as one new corporation or business entity. In this paper we shall examine T-Mobile and MetroPCS Company who merged in 2012 with their new headquarters in Bellevue. One of the reasons that lead to merging together of the two companies was the need of maximizing shareholders wealth or profits. In this respect, by merging together as one corporation T-Mobile and MetroPCS estimated that they will automatically reduce competition that they faced from each other thus the business or the new corporation will monopolize the entire market thus it will be in a good position to maximize profits. Secondly T-Mobile and MetroPCS merged with the motive of diversifying its risks in the global market. The global society that we live today is full of diverse political and economic upheavals that may weigh down on single business thus by merging with business organization in different countries the corporation, will stand a better chance of minimizing foreign exchange risks in foreign countries...
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... Twana Bethea BUS 508 May 21, 2013 Dr. Phyllis Praise Abstract Forensic Accounting is the application of the skills and training of a chartered accountant to disputes and investigations. Fraud is usually hidden in the accounting systems of organizations and that’s where forensic accountants play a critical role. Forensic accountants are contacted by companies when they need to figure out where a fraud was committed in their company. The accountants interview witnesses, analyze evidence such as email traffic between all parties involved. They will also freeze bank accounts if needed. They are hired to find out what happen and who was involved. If the case goes to trial they can be called to testify. The key skill of the forensic accountant is communicating complex financial transaction or data in a concise manner using images, graphs and languages that can be easily understood by non-accountants, the judiciary, and juries. With the growing complexity of business related investigations, Forensic Accounting professionals are increasing and the need is as well for investigations of business and financial issues. Forensic Accounting Practices Forensic Accounting has been in exist for many years, today there have been an increase in the need for this type of profession. Forensic accounting is the practice of integration of accounting, auditing and investigative skills. The accountings provide a court with an accounting analysis on the basis for discussion, debate, and dispute...
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...Five Guys: An Honest Business Built on Simplicity Reyna Haynes-Smith Professor Barry Adkins Contemporary Business BUS 508 October 19, 2012 Food. It’s a major topic of discussion today. What’s healthy, what’s not. What’s filling, what’s worth the money. There are many factors that contribute to the reason consumers choose one business over another. Most choose fast food options because they don’t have the time for a sit down meal. Time is short and many want a meal that is filling but also want something healthy. Enter Five Guys Burgers and Fries. Five Guys was founded in 1986 by Jerry and Janie Murrell in Washington DC. They wanted to give their sons the opportunity to either build a business or go to college. The business route won and the family opened a carry out burger joint in Alexandria, VA. Their premise was to concentrate on the quality of their product and the satisfaction of their customer. From that a simple yet beneficial business was born. The “Keep it simple” mindset has brought Five Guys tremendous success. “Now, over 20 years after Five Guys first opened, there are over 1,000 locations nationwide and over 1500 units in development. Five Guys continues to receive media attention and has grown a cult-like following around the world”. Five Guys took many years to perfect their business practices. Many of their practices differed from those of other businesses...
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...Running head: Forensic accountant 1 Forensic Accountant Tanya Pace Dr. Gina Zaffino Bus 508, Contemporary Business 11/16/2012 Running head: Forensic Accountant 2 Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Although forensic accounting is not a new field, it has become more talked about since cases like Enron came to light. For someone interested in the Forensic Accountant profession they should know that this field can be time consuming, but very rewarding. People who work in this career investigate white collar crimes such as company fraud, fraudulent financial record reporting, and illegal investment schemes. In a recent study by the Federal Bureau of Investigation shows that white collar crimes have cost the United States and estimated 300 billion dollars (DiGabriele 2008). I think five of the skills that a forensic account would need are communication skills, detail oriented, professional and ethical behavior, sound judgment and discretion. Communication skills are vital in any profession. It allows you to convey information for others to receive. The problem with communication is that it can be interpreted differently by other intended parties. As a forensic accountant, communication skills, verbal and non verbal, are important...
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...Running Head: Forensic Accountant 1 The Forensic Accountant Career Bus-508 Contemporary Business Professor Chris Lin Sarah Reid August 12, 2012 Forensic Accountant 2 1. Determine the most important five skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. A document for the Skills needed for Forensic Accounting (2012) suggests that Forensic Accountant needs to possess is computer skills, “since document and financial statements have taken a more electronic format, forensic accountants must demonstrate computer skills in finding the paper trials left behind by corporate criminals. A forensic scientist will use computer software, known in their profession as computer-aided tools and techniques CATT to detect white –collar crimes. Some software includes data extraction, spreadsheet and data mining analysis.” According to forensic Accounting (2012) suggests that Forensic Accountant’s investigative skills involve collecting and analyzing the audited information for possible discrepancies. The investigations delve into both missed by ordinary accounting and auditing methods. A forensic accountant...
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...Corporate Responsibilities and Marketing Strategies By Hamane Faye BUS-508 Contemporary Business Prof. Salomon Fakinlede Strayer University Business consists of all profit-seeking activities and enterprise that provide good and services to an economic system (Contemporary business, P.4). In this point of view Apple is considered as one of the world’s leader. Apple Inc. is a corporation that is most known for its consumers electronics and computer hardware and software. The company was created in April 1976 by Steven Jobs and Steven Wozniak (Apple Inc.). Since then, it is known worldwide and became the first American company to reach the milestone of $700 Billion according to the magazine Time. Apple Inc. built a very respectable and successful image in the world because of their managerial organization and in big part because of their electronic creativity. The company has loyal customers who are ready and willing to pay the price due to the quality of the product. Thanks to Apple’s ingenuity, products we never been aware of their need now exist and are indispensable to us. For example the MacBook, IPhone, Apple Pay etc. are not to be presented anymore. Despite Apple’s reputation and popularity it has to meet the ethical practices in order to be socially responsible. In this paper we will study first, Apple’s current position on the company’s ethical and social responsibilities, then determine whether or not the company has met these responsibilities. Second, determine...
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...Forensic Accounting 1 Assignment 3: Forensic Accounting in Practice BUS 508 Professor: Edwin Quinn Jr. Carmesha Eldridge May 19, 2013 Forensic Accounting 2 1. Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. One of the most essential skills is being analytical. Forensic accountants must make sure that they are in a position to uncover financial deceptions by critically analyzing them with an understanding of fraud schemes. A forensic accountant is deductive analysis or the ability to take a shot at the financial contradictions that are not a normal pattern of the company to uncover potential financial fraud. Being analytical is essential to remaining an effective forensic accountant. They need to be able to analyze the validity of each transaction the company recorded to make sure that the transactions were reported accurately and fairly. They must possess the knowledge and expertise to interpret financial statements or work under situations where information has been either destroyed or tampered with and be analytical and put the pieces of the puzzle back together again. Forensic accountants should be detailed orientated. Being a forensic accountant means that you will be looking at large quantities of numbers from supporting documents and various financial reports...
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...Forensic Accounting Practice Bradford Clark Professor Dr. Hanners Lithonia Campus BUS 508 – Contemporary Business March 1, 2012 Strayer University Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. A forensic accountant is a specialist in accounting and financial systems that is trained to detect white collar fraud. Forensic Accounting is a fast growing field in the in the field of accounting. Although it has been around for a long time, it has become increasingly popular in the past few years as there have been a number of corporate scandals, stricter reporting, and internal control regulations involving public awareness and importance in the business world. With the state of the world’s economy forensic accountants are in high demand. Forensic accountants should at least possess a Bachelor degree in accounting. They should also be a Certified Public Accountant (CPA) and may possess other certifications such as Certified Forensic Accountant (CrFA) and Certified Forensic Accounting Professional (CFAP). The skills needed to become a forensic accountant include strategic critical thinking, problem solving/decision making, leadership, interpersonal and communication skills, and professional and ethical behavior. Strategic critical thinking is the ability to link data, knowledge...
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...Mark Willis BUS 508 – Contemporary Bus November 15, 2013 Determine the most important five skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. As the annual price tag for fraud at American business soars to nearly $1 trillion, the demand for Certified Public Accountants that provide forensic accounting services has increased exponentially- a spike that appears in no danger of waning over the next several years. (Carlino, 2010) With the demand for forensic accounting services increasing, it is very beneficial for prospective employers and employees to know what skills are needed to fulfill the duties of this very important occupation in today’s society. “Forensic accounting encompasses collecting, analyzing, and evaluating evidence, and the interpreting and communicating the findings in courts, boardrooms or other venues.” (Carlino, 2010) There are numerous skills needed for these positions but five skills are vital in becoming am effective forensic accountant. The most essential skill needed to become an effective forensic accountant is included in the description of the position. One has to be very analytical in their profession in order to become efficient and effective. Being a problem solver in any business is a trait that no business wants lacking from their employees, but in the field of finance and...
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...Merger Acquisition BUS 508 Name Date Instructor Life Technologies and Thermo Fisher Scientific Introduction There are a lot of examples of Merger in present business world. If we search the world economic journals and magazines, then we will see that almost every year a lot of mergers and acquisitions are taking place in the modern corporate world. In the year 2013, some vital merger and acquisitions took place. In this paper a very important merger process will be described. The merger which will be described is not only important for the companies, but also important for the customers and the consumers of those companies. After reading through this paper, the reader will be able to know the reason, circumstances, effects and conclusions of the merger process. Then they will be able to judge whether the merger process brought any good for the companies or the people who are related to the companies or not. Before goring in through discussion, let’s see what is actually a merger? (Sherman & Hart, 2006) Merger is a process which adds two or more similar corporate companies or organizations together. This can happen in quite a few ways. First of all, two companies with similar expansion may come to an agreement and start a whole new combined company. This kind of merger is not seen a lot in the recent times. There is another kind of merger. That is, a bigger company can simply buy a similar smaller company. This is mainly a common type of merger. Most of the...
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...Assignment 4: Internet Technology, Marketing, and Security Marquisha Tate Dr. Ingrid Wright BUS 508 Contemporary Business 5-31-2013 Evaluate the reasons Social Media Marketing has become exceedingly popular among businesses of all sizes. Social media has received a lot of well-deserved attention. Highly accessible and scalable, it has changed the way we communicate, share, and interact. Companies have taken notice and now use social media to improve how they listen and engage with their customers. By monitoring streams of information from a variety of social media outlets, companies have access to large volumes of comments and discussions that are immediate and spontaneous. Best of all, they are top-of-mind thoughts coming directly from a company’s most important stakeholder – their customers (www.walkerinfo.com). Sites such as MySpace, Facebook, Twitter, Instagram and Friendster provide an unprecedented peer-to-peer communication channel, where people interact in an online community, sharing personal data and photos, producing and sharing all sorts of information and opinions, or unifying activists and raising funds. Smart companies are finding ways to benefit from the phenomenon. Work networks on Facebook, Twitter, and Instagram are exploding, and some companies, including JPMorgan Chase, and Lockheed Martin, are starting their own in-house social networks as a way to facilitate information sharing. In recent years, most organizations have incorporated the...
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...Assignment 4: Internet Technology, Marketing, and Security BUS 508 Name August 24, 2012 Dr. Professor Assignment 4: Internet Technology, Marketing, and Security Marketing plays a large, pertinent key in the success of a product, and/or business. Excellent marketing creates brand awareness and a call to action for the target market. Even Not-for-profit organizations such as the Red Cross and the Boys & Girls Clubs of America use marketing to create awareness (Boone & Kurtz, 2012). Marketing campaigns today must be clever, catchy, and sophisticated. These campaigns use various methods to capture the target markets attention. These methods range from passing out fliers, radio and TV commercials and now social media. Social media such as Facebook, Linkedin, and Twitter have totally revolutionized the way people communicate, by sharing ideas, thoughts, and pictures. These social media outlets allow for a free, easy, and effective way to communicate among friends and family. Members of such sites as Facebook, MySpace, and Twitter can post pictures, create common interest groups, and update their status (www.facebook.com, www.myspace.com, www.twitter.com). It is not uncommon for a favorite book, band, or movie to have a Facebook page that users can “like.” Even politicians today have Facebook pages spreading their campaign news, thoughts, and photos. LinkedIn is a unique social media site for job seekers to network with fellow co-workers, make connections, post...
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...Assignment 4 Internet Technology, Marketing and Security Melody Walton BUS 508 Contemporary Business Dr. Ron Steffel June 1, 2013 Evaluate the reasons Social Media marketing has become exceedingly popular among businesses of all sizes. In today’s business world one cannot operate their business without having some type of advertising source such as a website or other media source. Over the past few years there has been a boom in the usage of social media usage. Creating a business and having the ability to promote with the proper tools is key to your business success. Social media is a tool that helps businesses build a platform and client base that would not be accomplished with just a traditional website. Social media is now more popular than ever, utilization has grown at a rapid pace for businesses large and small with or without a marketing department. Social media rants a business the opportunity to reach out to markets they would not have had access to before. Smaller business needs may vary differently as far as the usage of the social media based upon their needs compared to those of a larger business. As a business owner you must know the needs of your business and what tools are necessary for longevity and customer loyalty. Using social media helps develop a client base who recognize your product, service, or brand. Individuals today have computers, iPads, smartphones and other devices that are used on a daily basis. These devices are...
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...Assignment #4 Internet Technology, Marketing and Security Professor Demetrius Carolina, Sr. Bus 508-Contemporary Business March 2, 2013 An online presence is vital for today’s businesses the use of internet and social networking in the workplace has grown substantially over the last few decades. Because of this, individuals are now using the internet in various ways. Technologies such as social networking sites, blog sites and other innovations give individuals a chance to interact with one another. With that being said, having a social media marketing strategy is vital for a business to determine how you’ll communicate utilizing the internet. The purpose of this assignment is to determine the impact of social media and social media marketing on businesses today. Evaluate the reasons Social Media Marketing has become exceedingly popular among businesses of all sizes. Social media marketing is a new advertising strategy that businesses can use to appeal to a much wider and far more relevant market audience. This concept began as one that would promote social interaction but has now extended into the business sphere as social media marketing. When the social media craze first began, it was viewed primarily as a way for people to have fun online by communicating with one another about a diverse variety of topics. It didn’t take long for companies to realize the opportunities available for using social media for business. The participation in social media...
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