...following threats and accompanying risk levels for this particular store: 1. Fire (medium) 2. Internal theft (high) 3. Shoplifting (medium) 4. Burglary (high) 5. Bomb (low) The retail chain has decided to respond to these threats in the following manner: For threat #1, management has decided to take no further precautions because the store is currently up to code and the insurance policy the company carries fully covers it in the event of fire. For threat #2, management has decided to implement background checks for all new applicants and all employees must now have their bags and backpacks checked by security before exiting the store. For threat #3, management has decided to add no additional security measures. Losses due to shoplifting are expected and have been included in the store’s budget. For threat #4, management has installed a comprehensive alarm and surveillance system in all stores, with around-the-clock security monitoring. Now, break-ins at this store cannot occur without detection. For threat #5, management intends to institute no countermeasures. With several other branches throughout the region, the company overall would suffer only minimal losses even if this threat were to materialize. In the following table, identify the type of risk management option the company has employed for each threat: Threat | Risk Management Option | Threat #1 | Take no further action due to insurance policy and building up to code | ...
Words: 742 - Pages: 3
...Business Communication Trends Elizabeth Anelia Matthews XCOM/285 March 25, 2012 Karen Blatter Business Communication Trends To be successful in this world today of business you have to have certain qualities and the most important one that you need to have is business communication skills. The world of businesses is a tricky one these days. There are so many people that come and go that you will need to know how to communicate with them especially since the fact is that there will be plenty of people who do not agree with your viewpoint of certain subjects and you have to know how to handle them with tact and professional standards. In this paper, we will cover certain business communication trends and how you manage them into your everyday work communication skills set. Let me remind you that business communication isn’t just about talking face to face; it is emails, phone calls, memos, presentations and that sort of communication skills. You need to know the best skills and trends in today’s business setting that will best help you retain the business communication that you need. Certain trends that are happening nowadays are the rise of technology, there is more video conferences and more phone calls and more computers being used into today’s business setting than ever. Not only is that but the technology also cutting out human interaction in businesses. For example, let’s take banks, it used to be that you had to walk into a bank to deposit or withdraw...
Words: 585 - Pages: 3
...Week 1 Checkpoint Jessica Liska AAGG1CBKD7 May 9, 2014 Melissa Ellison Week 1 Checkpoint 1. Communication: According to Kettner, communication is ‘the ability to portray the vision clearly.’ (Kettner, 2002) To me this is an adapt portrayal of what communication is. Without the ability to be a good communicator, a manager would find themselves with workers who were confused on the directions they were told and a manager who is frustrated because work was not done to their standards or the way that they had directed. This is a knowledge characteristic because being a good communicator is something you learn from an early age. There are people out there that no matter what, they will never be good at communicating their feelings or wishes to other people in a way that makes sense to anyone but them. 2. Empowerment: “the ability to create a structure that harnesses the energies of others to achieve the desired result” (Kettner, 2002) Being able to create structure out of chaos is a skill that most people take years in learning. For me this is a knowledge characteristic. Being able to direct others in seeing the same vision you have that enables everyone to work together for the same outcome is even harder. This takes years of learning what works best for the manager. There may be tricks that don’t work for others, but work wonderfully for that individual. 3. Persistence: “the ability to stay on course regardless of the obstacles encountered” (Kettner, 2002) To...
Words: 951 - Pages: 4
...ACC 260 WEEK 1 CHECKPOINT To purchase this visit here: http://www.nerdypupil.com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 260 Week 1 Checkpoint in order to ace their studies. ACC 260 WEEK 1 CHECKPOINT To purchase this visit here: http://www.nerdypupil.com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 260 Week 1 Checkpoint in order to ace their studies. ACC 260 WEEK 1 CHECKPOINT To purchase this visit here: http://www.nerdypupil.com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students...
Words: 349 - Pages: 2
...The three dimensions of business problems are organizational, technology, and people. To me a good example of organizational dimensions is when companies don’t implement technology. A warehouse that my wife works for has been using pen and paper for their inventory. This process has made them so much slower than other warehouses in the same area. An example of technology dimensions is computers that have older operating systems. At the hospital where I work, we are slowly switching over to Windows 7 from XP. This is a challenge for large companies, especially in the healthcare area. Internet explorer is one of the thorns in our side. When new IEs come out, we have to test all of our programs with it. Last year we finally had all computers upgraded to IE 7. People dimensions is probably the broadest of all of them. Everything from keeping employees trained to the work environment. Also people dimensions can be affected by the other two dimensions. The question is, what is the difference between IT and information systems? Information technology is the hardware and software that supports information systems. This includes computers, servers, NAS, and software like Microsoft Office. An information system is everything together. It is where information technologies are as well as the software. Information systems is where the data is collected, stored, distributed, and used. A good example is a hospital’s electronic medical record system. The data is the patient’s...
Words: 316 - Pages: 2
...The three dimensions of business problems are management, organization, and technology problems. The three problems are all really big problems for a business to have. If these problems go without adjusting or fixing they can result in a business closing its doors. The first dimension is management, this dimension occurs when management or employees are not properly trained to do their jobs. It is usually management’s job to train all labor to do their jobs correctly. When an employee is first trained they should learn all the important aspect to the job and then management should as the employee if they have any question. When doing this will ensure all bases are covered for employee success. When employees are not trained or motivated this problem occurs within the business. The second dimension problem is technology, this problem occurs when a business has old inefficient ways of doing things with old hardware and software. A technology problem can also happen when a business networks system storage or memory capacity is not large enough to sustain the volume of information input. It is like having old apple computer with the old floppy disk and trying to put the latest version of apple software on it. Likely the computer will reject the software or it will not run properly. The Third problem is the organization dimension. This problem occurs when a business may have inner-office political problem. This is like having the bosses son running the business and the son...
Words: 384 - Pages: 2
...Week 1: Checkpoint Assignment IT/205 10/10/2013 Week 1: Checkpoint Assignment What are the three dimensions of business problems? Provide an example of each. There are three dimensions of business problems which are people, organization, and technology. They are much related in many ways to make a system perform properly. 1. People Dimension: People are the backbone of a company. Without knowledgeable, trained, and skilled employees to input information and maintain the information technology infrastructure, a company’s system will not perform efficiently. 2. Organization Dimension: Organizations are set up with a set infrastructure of several different levels of people from upper-level employees which are management, professional, and technicians, and the lower-level is made up of the operational personnel. There are also many different departments in an organization. Many times problems can occur from within the departments, such as if one department does not input information properly. Another problem that can exist in an organization is if network technician does not maintain the system properly the system will fail. 3. Technology Dimension: is a system made up of computer hardware, software, data management, and networks. With the use of technology all a company’s information is stored in one place, so that the information can be used and shared with other departments, such as management, payroll, human resources, and many others. If the technology is outdated...
Words: 410 - Pages: 2
...assumption requires use of monetary unit as a basis of measurement, i.e., the currency of the country where the organization is to report its operations” (HubPages, 2012, pg. 1). Going concern means the business base its operations on future events. The accounting period is the time that the information is prepared and reported on a quarterly or annually bases. The accounting principles consist of four basic parts they are the historical cost principle, matching principle, revenue recognition principle, and full disclosure principle. When dealing with historical cost principle the assets are altered if changes occur in the market value but no adjustments are made. Matching principles compare the revenues and expenses that was earned and occurred within that time period. Revenue recognition principle takes place when a business has all the revenue needed. The information is reported under the earned column on the books. The full disclosure principle is kicks in when the information concerning business entity is written in a comprehensible form. Constraints of accounting are based on “The limitations to providing financial information that exist in the financial reporting environment. Financial reporting must follow the generally accepted accounting principles, or GAAP” (Jay Way, eHow, 2011, pg.1). The constraints allow companies to alter established accounting principles without lessening the practicality of the reported information. In conclusion, the principles,...
Words: 310 - Pages: 2
...Business Organization Joint – Stock Company An Entrepreneur or business owner will sell stock to investors, and in return, promise the investors a percentage of the company’s profits, based on how much stock they buy. We see this in larger businesses in the US, most notably during the market crash we experienced a couple years ago. Independent investors as well as other companies bought and shared stock with many of the big banking corporations, since the bands values began to drop, shareholders were trying to get rid of their stock in the company, just to be able to get their money back. This caused frenzy in the stock market, and we saw banks crash overnight. Banks no longer had the money to manage their day to day operations, and they found themselves actually in debt to many of their customers. So many customers lost their 401k’s and other investments, because the funds were simply no longer there, thanks to the withdrawal of banking investors. Another example is the new TV show, ‘Shark Tank’, where wealthy investors will give small business owners a chance to pitch a deal to them. The owner will ask for a certain amount of investment in order to grow their company, in return a share of the profits with the investor from their business. This is an interesting show to watch, because it kind of gives a more personal feel to the stock market, and insight as to how investors think and view businesses to decide on whether or not they would be a profitable investment. Limited...
Words: 959 - Pages: 4
...There are four basic assumptions in financial accounting. The first is the monetary unit assumption which states that a company can only report transaction information in financial records that can be expressed in a monetary amount. The next assumption is the economic entity assumption. This assumption states that the company’s financial information and activities need to be recorded separate from the owners and other entities. Next, the time period assumption tells companies to divide the economic life of their business into artificial time periods. And last, the going concern assumptions is an assumption that a company will stay afloat long enough to carry out all existing objectives (Weygandt, Kimmel, Kieso, 2008). Financial accounting also consists of 4 principles; revenue recognition, matching, full disclosure, and the cost principle. These principles are “rules” of sorts that accounting must follow in their records. They state that companies should recognize their revenue during the time period that it was earned, they must match their expenses with their revenues during the period in which the effort to generate the revenue was made, they must disclose any circumstance or events that would make a difference to those using the reports, and they must record their assets at the price that it cost them (Weygandt, Kimmel, Kieso, 2008). There are also constraints that allow the company some leeway with the principles as long as it does not affect the usefulness of the data...
Words: 399 - Pages: 2
...A local business whose services I use on a regular basis is a privately owned gym that is not far from my house. The business commerce for the local gym is a busy one. Clients will trade their cash for the services of using the workout equipment, getting healthy food and beverages, and/or taking aerobics, Pilates, or an abdominal class. The business occupation consists of a group of employees that are skilled in training clients, serving clients healthy food and beverages, and performing several different aspects of customer service within the company. The personal trainers have a specialization skill of working with each client on a personal level, so each session with each client is different. It takes quite a bit of school and outside training to learn this skill. Each of the employees also seem to know the in and outs of the back-end business (managing customers and orders, cashiering, and working the register and computer, and etc.) in order to keep moving operations along conveniently and effectively. This is an organized business that uses an effective method to ensure all employees work together for the goal of profitability. The owner oversees the leasing, higher level business aspects, and the property of the gym. Next, the gym managers and trainers oversee the day to day business operations and the managing of any lower level employees. Finally, there are seasonal or part-time workers that run the food bar or computers, or help out the employees who are full time during...
Words: 260 - Pages: 2
...1. Question : (TCO A, B, C) Describe a value proposition and provide an example. How important is value to the consumer? Student Answer: A value proposition is a set of benefits that a company offers. It is used to address and satisfy consumer needs. Since “value reflects the sum of perceived tangible and intangible benefits to customer” (Keller, Philip Kotler and Kevin. Marketing Management. 13 pg 14 ), this technique offers as profitable marketing strategy to retail stores. Value is important because it provides customer satisfaction. “Satisfaction reflects a person’s judgment of a product’s perceived performance in relationship to expectations” (Keller, Philip Kotler and Kevin. Marketing Management. 13 pg 14). 2. Question : (TCO A, B, C) How would you describe relationship marketing? Why are these relationships so important to successful marketing? Student Answer: The text defines relationship marketing as "building enduring relationships with people and organizations in order to earn and retain their businesses". Relationship marketing many benefits. It allows the business to build referrals, reduce marketing expenses and allows for company growth in a way that is aligned with the core customer needs. It helps the company focus on retaining their customers and keeping them satisfied which will in turn help build their marketing network and in turn build profitable business relationships with the companies and people in the network ...
Words: 790 - Pages: 4
...Checkpoint: Characteristics of a Knowledge-and Value-Centered Manager I believe that there are many characteristics that a manager should have but I have chosen the ten that I feel are the most important but in no random order. Good Humor (Value centered) Organizational Skills (Value Centered) Honesty (Value centered) Trust (Value Centered) Management Skills (Knowledge) Knowledge of the Workplace (Knowledge) Communication Skills (Value Centered) Negotiation Skills (Knowledge) Problem Solving Skills (Knowledge) Non Judgmental (Value Centered) I believe that good humor adds value to the organization because it makes it easier to get along with the manager. Everyone does not have to feel so uptight and can kind of relax a little while being at work. Organizational skills add value because if the manager is not organized then there are many things that can go wrong. Honesty is another good characteristic and it adds value to the organization because honesty is the best policy and if your manager can not be honest with you when you do something wrong then you may continue to do the same thing over and over. Trust adds value to the organization because if you trust your manager then you will be able to talk to them about things in or outside of the office. Management skills are another excellent skill that a manager should have. If they don’t have management skills then they would not make a good manager and it would affect the whole facility. Knowledge of the Workplace...
Words: 396 - Pages: 2
...Code of Hammurabi: The whole purpose of the Code of Hammurabi was to improve the harmony that the people within the Babylon era had with one another. At this point in time, people were migrating to larger cities and Hammurabi suggested that these people were to be accepted and if anyone were to disregard the code, they would be dealt with accordingly with severe punishments including death. Draco’s Law: Draco created a law which more or less followed the guidelines of democracy. Under Draco’s law, the King had limited powers and could not pass additional laws as he saw fit. Instead the laws would have to be presented before a chosen body of governing officials for evaluation and they would decide from there if the laws were justified. Also a lot of the guidelines within the law were direction proportional to the code that Hammurabi had set forth. Law of the Twelve Tables: “Lex Duodecim Tabularum” (Latin) was the basis for Roman law and the Roman Constitution. The law primarily dealt with the general public or Rome. People were tied together in ethical bounds and they were granted several rights in regards to property and economic rights, similar to the foundation of the United States Constitution. Justinian Code: The Justinian Code was another form of guidance which was intended to be an addition to the Roman Constitution and codes that had been set forth in previous eras. Justinian I had made this addition primarily to deal with a larger, more circuitous population since...
Words: 614 - Pages: 3
...HCP 220 Week 1 Checkpoint Fractions and Decimals https://hwguiders.com/downloads/hcp-220-week-1-checkpoint-fractions-decimals/ HCP 220 Complete Weeks Assignments • HCP 220 Week 1 Checkpoint Fractions and Decimals Resource: Ch. 2 of Pharmaceutical Calculations for Pharmacy Technicians: A Worktext Showall your calculations in a Microsoft® Word document Complete the following exercises: 1. Based on the following prescription, how many capsules should the pharmacy technician dispense? Achromycin 250 mg #LXVI 2. A pharmacy technician is opening a box of instruments in various sizes. The technician is asked to arrange the instruments on the shelf in order from smallest to largest based on the instruments’ diameters. The diameters are marked ¼, 1/16, ½ and 7/16. List the instruments in the correct order. Test Your Knowledge, p. 19: Problems 1, 6, 10, 13, 22, 24, 47 & 56 HCP 220 Week 1 Checkpoint Fractions and Decimals https://hwguiders.com/downloads/hcp-220-week-1-checkpoint-fractions-decimals/ HCP 220 Complete Weeks Assignments • HCP 220 Week 1 Checkpoint Fractions and Decimals Resource: Ch. 2 of Pharmaceutical Calculations for Pharmacy Technicians: A Worktext Showall your calculations in a Microsoft® Word document Complete the following exercises: 1. Based on the following prescription, how many capsules should the pharmacy technician dispense? Achromycin 250 mg #LXVI 2. A pharmacy technician is opening a box of instruments in various sizes...
Words: 2940 - Pages: 12
