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Mostrando las entradas de julio, 2021

Legal factor affecting business

  Legal factors affecting business   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?  Business organization law refers to the numerous ways a business may be legally formed under state laws, these are the rules that every org...

Basic Accounting

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  Basic Accounting Why do you think accounting is seen as boring? Explain.  I think it's because it seems like a very labor-intensive activity and that seems boring, plus the amount of numbers and data they have to collect Which of the jobs mentioned would be most interesting for you? Give your reasons.  “Management accountant who finalizes the accounts and prepares the annual financial statements.” I think the responsibility that falls on a person is very important and knowing how to accept that role seems to me to be very important.  Why is it so important for accountants to be ethical? Explain in detail.  For their own work, be ethical and professional as they need to be respectful and discreet with their clients' information and its use. 

Integrated Business Planning

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  INTEGRATED BUSINESS PLANNING (IBP)     What is “Integrated Business Planning” (IBP)? Is a process by which commercial resources are translated into financial resources seeking to maximize profits and thus minimize risk. Also helps with safety stock reduction, service level improvements and an overall stock reduction; It is a decision-making process that realigns the tactical plans for all business functions in all geographies to support the company’s business goals and targets. What is “Sales and Operations Planning” (S&OP)? Works as a plan that involves all areas of the organization and integrates marketing plans within the supply chain management process. This is done in order to achieve the objectives previously established and to observe their fulfillment or reformulation periodically.   3. What are the similarities between IBP and S&OP? Mention and describe them. Reach consensus on a single operating plan and allocate the critical resources of people...

Information technology and communication

  INFORMATION TECHNOLOGY & COMMUNICATION     1.What is Managing information withing and outside the organization?    ·   Business managers now must know about information technology because is everyone business. ·   Problem is not technical but organizational ·   New structures have to be setup ·   Today business faces challenges in how to handle new technologies and managing their information for productivity   2.What is the importance of it?    Information for greatest productivity, communications with the media, e-mail and internet will continue to grow in use. the organization can be summarized as follows: Communication promotes motivation by informing and clarifying the employees   3.What are the new technologies that companies must manage for communications purposes?    Now they have private information service are another means for accessing business information, development of fiber optics, lo...

Quality Management

  Task 1 Quality Management  Maricarmen Cayetano Ballesteros What is Quality Management?  Act of overseeing different activities and tasks within an organization to ensure that products and services offered, as well as the means used to provide them, are consistent. It helps to achieve and maintain a desired level of quality within the organization. What is the objective of Quality Management?  Ensure every time a process is performed, the same information, methods, skills and controls are used and applied in a consistent manner. Which are the key components of Quality management? Describe in detail  each one. Quality Planning: Process of identifying the quality standards relevant to the project and deciding how to meet them. Quality standards are important for any organization as they dictate the quality of products and services. Quality Improvement: Change of a process to improve the confidence or reliability of the outcome. Quality Control: Continuing effort...