...Week 1 Individual Assignment Law 421 Week 1 Individual Assignment Law plays a vital role in the success and functionality of businesses and society. The word law is defined as “the binding rules of conduct meant to enforce justice and prescribe duty or obligation, and derived largely from custom or formal enactment by a ruler or legislature” (“Law”, n.d.). Laws are put in place to help regulate and to provide a certain set of structure. The central function and role of the law in business and society is to guarantee that there will be peace and freedom within a specified context. It must be clearly stated within the bylaws of a certain company rules and regulations or by the courts of a state. The law accomplishes these throughout the formation of course of action and guidelines for various monetary relationships and connections. There are two systems in law in which a crime can be placed under and they are either civil or criminal. The two systems both play an important role in the way a crime is catergorized. “Small businesses must comply with the same rules and regulations that apply to large companies and thus need someone with legal expertise from time to time” (Hamel, n.d.). When it comes to the laws of business, there are a set of guidelines that lets citizens and its workers know what they can and cannot do in that particular place of business. In my line of business as a foreclosure specialist, we have to follow a specific set of rules that are stated in our Code...
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...Week 1 Individual Assignment ECO/365 Week 1 Individual Assignment The article that I have read for this week’s assignment was called “Why has US Oil Consumption Steadily Fallen Since 2004” The author, Gail Tverberg; suggest several reasons for the decline in gasoline sales since 2004. The author explains that she used the year 2004 as a baseline because it is the year that America could visually see the significant increases in gas and oil prices. One of the factors the author mentions is improvements in mileage and fuel efficiency on new vehicles manufactured. Another factor decreased usage because of fewer miles traveled for personal and business uses. The author suggests that the biggest reason for the decline in gas use is due to the lack of production for “Other” gas/oil products due to manufacturing material changes, and the overall decline of manufacturing in the United States. (Tverberg, 2013) The author state that between 2004 and 2012 gasoline consumption is down about 347,000 barrels a day. The author further state that of the 347,000 barrels per day 43,000 of those barrels are due to more efficiency in gas mileage on newly produced vehicles (Tverberg, 2013). Included in this figure are hybrid vehicles that use a combination alternative fuel and gasoline. The author goes on to state that outside of improved gas efficiency the majority of the decline in gas/oil usage comes from shrinkage in industrial activity. This has caused a reduction in miles traveled...
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...1. The willingness to pay is the value that the consumer puts on the good. Every person puts a different value on everything from material things to natural resources. Having money and being able to pay for goods plays a big part in a person willingness to pay. Willingness to pay relates to demand in the way that there is a market curve for the goods that an individual is willing to pay for the goods. First you start with a high price on the good and see how many buyers will be willing to pay for that good at that price. Then you lower the price and see what happens with the consumers. Doing this you can follow the trends and see what price a good is at when a consumer’s willingness to pay is at its peak. Every consumer has a different demand curve and it depends on their wealth and what they can afford to see their willingness to pay. (Field and Field 2009) 2. There are many things to consider when it comes to the cost of manufacturing a product. To determine to cost of manufacturing you need to know the costs required for the business, in production, the cost of selling a product to determine the price and when the product is sold, was there a profit or loss. The cost of manufacturing a good include the costs of materials, equipment, labor, materials for packaging, electricity and water, transportation, promotion and advertising, management and coordination and depreciation of fixed assets. (FAO) Things to consider when producing a plastic product would be what the plastic...
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...MKT421 WEEK 1 Individual - Defining Marketing Paper Write a 700- to 1,050-word paper in which you define marketing. • Include your personal definition of marketing and definitions from two different sources. • Explain the importance of marketing in organizational success, based on these definitions. • Provide at least three examples from the business world to support your explanation. Properly cite sources used in the paper. Format your paper consistent with APA guidelines. Defining Marketing Paper University of Phoenix Marketing Defining Marketing When individuals are asked to define marketing, chances are that, most of their responses, will be different. Creativity can be liable for the broad spectrum of answers one would get. This paper will cover various aspects of marketing including a personal definition of marketing and definitions from two different sources, an explanation of the importance of marketing in organizational success, and three examples from the business world to support such explanation. Definitions My interpretation of marketing is the way a business decides to promote their brand, the strategy that they use to reach out to their customers and intended end users. Although creativity plays a large role in marketing, research is also a key factor; if a company does not know its market, then its marketing will be unsuccessful. According to Kotler and Keller marketing is defined as “the activity, set of institutions...
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...ACC 349 WEEK 1 INDIVIDUAL ASSIGNMENT BYP To purchase this visit here: http://www.nerdypupil.com/product/acc-349-week-1-individual-assignment-byp/ Contact us at: nerdypupil@gmail.com ACC 349 WEEK 1 INDIVIDUAL ASSIGNMENT BYP Prepare written responses to the following assignments from Ch. 1 of Managerial Accounting: Tools for Business Decision Making: Exercise E1-7 exercise #7 only Ethics Case BYP 1-7 case #7 only Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 349 Week 1 Individual Assignment BYP in order to ace their studies. ACC 349 WEEK 1 INDIVIDUAL ASSIGNMENT BYP To purchase this visit here: http://www.nerdypupil.com/product/acc-349-week-1-individual-assignment-byp/ Contact us at: nerdypupil@gmail.com ACC 349 WEEK 1 INDIVIDUAL ASSIGNMENT BYP Prepare written responses to the following assignments from Ch. 1 of Managerial Accounting: Tools for Business Decision Making: Exercise E1-7 exercise #7 only Ethics Case BYP 1-7 case #7 only Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 349 Week 1 Individual Assignment BYP in order to ace their studies. ACC 349 WEEK 1 INDIVIDUAL ASSIGNMENT BYP To purchase this visit here: http://www.nerdypupil.com/product/acc-349-week-1-individual-assignment-byp/ Contact us at: nerdypupil@gmail.com ACC 349 WEEK 1 INDIVIDUAL ASSIGNMENT BYP Prepare written responses to the following assignments from Ch. 1 of Managerial Accounting:...
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...of Phoenix Dale Mueller Managed care is the process of reducing health care costs while improving the quality of care. This is relevant to the changes in health care because it allows consumers and employers to have an alternative to traditional health care insurance that is less costly, while still maintaining a higher level of care than that which is found in traditional health care insurance. This relates to the changes in health care because it reduces the costs and allows more individuals to be able to afford health care without suffering a reduction in the quality of care that they receive. Furthermore, it allows businesses that may not previously been able to afford health care for their employees more options to facilitate coverage. For example, a small sized business may have a difficult time affording traditional health coverage for their employees, now has the ability to provide health care to their employees at a fractional based cost system. Furthermore, an individual who is paying their own health care costs independently can benefit from the efficiencies of managed care by controlling cost without sacrificing quality of care. The health care system underwent a drastic change in the 1990’s that saw traditional health care systems transition in to more managed care settings. This has impacted health care significantly because traditionally the four basic health delivery systems were fragmented, whereas, now, they are more integrated in the managed care...
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...Business Structures FIN/571 Corporate Finance May 12, 2014 Business Structures Business structures are used depending on the type of business that is being formed. According to the Small Business Administration, there are six types of business structures that are based on the needs of the business that if being formed. The six types of business structures are Sole Proprietorship, Partnership, Cooperative, Limited Liability Company (LLC), S Corporation, and Corporation. Each business structure offers both positive and negative aspects that must be weighed by the business owner to find the best fit. A sole proprietorship offers the easiest form of business structure. There is only one owner that is entitled to all profits made by the organization. On the down side, there is little distinction between the business and the owner. The owner of a sole proprietorship may receive all profits from the business but is also personally responsible for all debts that go along with the company. Partnerships offer business owners a way to split the liability that goes along with owning and operating a business. However, a negative aspect of this would be the requirement to share a predetermined percentage of the profits that are made by the business. There is also the chance of having disagreements when it comes to business decisions because there are multiple parties involved in the organization. Cooperatives are formed based on the needs of the business members. Profits are distributed...
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...Defining Marketing MKT 421 April 10, 2011 Defining Marketing Marketing is managing profitable customer relationship (Armstrong and Kotler, 2009). Marketing helps companies all over the world attract and maintain interest to their products or services. The twofold goal of Marketing is to attract new customers by promising superior value and to keep and grow current customers by delivering satisfaction (Armstrong and Kotler, 2009). Marketing involves advertisement through TV, Newspaper, Internet, Social Networks, Radio and Banners. Without Marketing, companies simply cannot reach their maximum growth potential and capture the market share they need to take their business to the next level. In Marketing process there are five simple steps to ensure success. First step is to understand the market place and customer needs (Armstrong and Kotler, 2009). By understanding the wants of needs of a particular market companies can develop advertisement strategies which can help them stay close to their customers and offer both products and services to meet their needs. Second step is designing a customer-driven marketing strategy (Armstrong and Kotler, 2009). Once companies identify what customer the needs and wants are they can create an effective customer based strategy to successfully reach the customers within that particular market. Step three is construct an integrated marketing program that delivers superior value, step four is build profitable relationships...
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...Generally Accepted Auditing Standards Auditing is an organized impartial examination of data, statements, records, operations, and performance of a company. An auditor, which is a Certified Public Accountant is the person assigned to perform all audits. The purpose of an audit is to ascertain the validity and reliability of a company’s information, and to assess the company’s internal control system. The goal of all audits is to determine whether a company’s financial statements comply with the generally accepted accounting principles set forth by its jurisdiction (Investopedia). There are guidelines that all auditors use when they are performing an audit. These guidelines are the generally accepted auditing standards and they provide the objectives for the auditor to achieve in an audit of financial statements. There are ten standards and they are set up into three categories, which are general standards, standards of fieldwork, and standards of reporting. These standards pertains to financial audits (an audit of financial statements to find out if they are prepared in accordance with guidelines), operational audits (evaluates the effectiveness of a company’s operations), and compliance audits (evaluates whether a company is following rules and regulations). In the general standards category there are four different standards. These standards deal with the qualifications of the auditor and the quality of the audit. The first standard is adequate technical training...
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...Write your reflections for the following for day 1 Experimental Design. Role Competency : My role was Spokesperson My evidence for accomplishments for my role were as follows: 1. To ensure my group didn't have any questions, i came up with a method. My method was to ask after every question whether they understood the question. If they didn't, I or someone in our group would clarify the question. If we didn't know the answer to a question or had a question about the question, my group would all say whether they needed assistance from the teacher. If we all agreed, I would approach the teacher, and ask the question. 2. I asked questions to the teacher at the appropriate time. I would wait until he was finished talking with another spokesperson, and then patiently ask the question and wait for the answer....
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...Individual assignment week 2 Describe the following terms in your own words. Gross domestic product (GDP) Definition: The monetary value of all the finished (final) goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. My own words: A countries value of products within the nation that is measured within a specific amount of time, to gauge the standard of living. Real GDP definition: An inflation-adjustment measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Often referred to as "constant-price," "inflation-corrected" GDP or "constant dollar GDP". My own words: It’s like the gross domestic product but with more accurate figures. Nominal GDP definition: A gross domestic product (GDP) figure that has not been adjusted for inflation. Also known as "current dollar GDP" or "chained dollar GDP." My own words: When the inflation figure is not accounted for, making the GDP look better than it is in reality. Unemployment rate definition: The percentage of the total labor force that is unemployed but actively seeking employment and willing to work. My own words: The unemployment rate is an indicator of the labor work force as a whole that is not working but actively seeking employment. Inflation rate definition: The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling...
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...ACC 491 Week 1, Individual Assignment, Generally Accepted Auditi Purchase here http://chosecourses.com/acc-491-week-1-individual-assignment-generally-accepted-auditi Description ACC 491 Week 1, Individual Assignment, Generally Accepted Auditing Standards ACC 491 Week 1, Individual Assignment, Generally Accepted Auditi Purchase here http://chosecourses.com/acc-491-week-1-individual-assignment-generally-accepted-auditi Description ACC 491 Week 1, Individual Assignment, Generally Accepted Auditing Standards ACC 491 Week 1, Individual Assignment, Generally Accepted Auditi Purchase here http://chosecourses.com/acc-491-week-1-individual-assignment-generally-accepted-auditi Description ACC 491 Week 1, Individual Assignment, Generally Accepted Auditing Standards ACC 491 Week 1, Individual Assignment, Generally Accepted Auditi Purchase here http://chosecourses.com/acc-491-week-1-individual-assignment-generally-accepted-auditi Description ACC 491 Week 1, Individual Assignment, Generally Accepted Auditing Standards ACC 491 Week 1, Individual Assignment, Generally Accepted Auditi Purchase here http://chosecourses.com/acc-491-week-1-individual-assignment-generally-accepted-auditi Description ACC 491 Week 1, Individual Assignment, Generally Accepted Auditing Standards ACC 491 Week 1, Individual Assignment, Generally Accepted Auditi ...
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...FIN 370 Week 1 Individual Assignment Defining Financial Terms Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/fin-370-week-1-individual-assignment-defining-financial-terms/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Finance System including circulation for money, grant of credit, investment opportunities, and banking faculties Without finance, there would be no resource allocations for operating or functional expenditures. Efficient market Efficient market, information is simultaneously available with corresponding funds example – stock market To make intellectual and well-intended fiscal decisions, information pertaining to funds must be readily accessible and available to provide insight and information for clients/investors/brokers. Primary market A market where the security is purchased directly from the issuer by the investor The primary market allows companies to offer bonds and stock to the public for the first time. It is closely related to the secondary market dependent upon one another to be most effective. Secondary market The transactions of stock from investors and dealers without the involvement of the company This market allows for the trading and selling of shares in stock. Without this market, the stock market would not exist...
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...HCS 325 Week 1 Individual Assignment Roles and Functions Paper Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/hcs-325-week-1-individual-assignment-roles-functions-paper/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Roles and Functions Paper Today’s health care needs a manager who has understanding of management and the skills needed to manage within the health care environment. This management refers to activities included in planning, organizing, leading and controlling of an organization. The manager must respond and adapt to the changes in an organization required by the needs of the patient population it serves. Managers must be accountable not only in decision-making, but productivity, cost containment, safety, confidentiality, etc. An effective manager must be accountable, create a quality work environment, and understand the value of a diverse workplace as well as other important functions that contribute to effective management. Although the roles of manager vary, all managers in any health care organization or any organization for that matter must manage effectively using the management process, being accountable for themselves and others, using the principles of effective time management, networking, recognizing and supporting the department...
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...RUNNING HEAD: Current Events in Business Research Current Events in Business Research RES 351 Current Events in Business Research Business research has different steps to complete to ensure that the research covers every aspect needed to have the best outcome. In the workplace of construction, there is a great need of having researchers help to cure problems that are at current job sites. Such problems might be the building construction and the needed data to ensure a building is built safe and of good quality. The business research process is used in past experience to develop the process in which construction companies can use to cure a problem. Past experience can tell that in business research an individual must clearly define the objective of the research along with what the research will offer to the business. The objective usually consist of an ongoing problem that crew members can not figure out. After the goals and objective are define the research then proposals its purpose to all the stakeholders for approval. The stakeholders are usually the investors in the building site, along with supervisors of the construction crew. After approval is met the research group then comes up with a strategy to complete research that includes time frame, scope, environment of research, and type. Once strategy is in place data collection occurs. Data will exist of collecting all the contributing factors and variables of the research along with data needed to define the objective...
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