...Weekly Reflection – Common Contracts vs. UCC Article 2 Contracts are used on a daily basis. For example, agreeing to terms and conditions to download an app on a mobile device occurs daily and is considered a contract. It is important to read and know what one is agreeing too; in this case apps are able to retrieve personal data from the authorized device. Both parties need to be in agreement with the terms of the contract in order for the contract to be made. If someone agrees and then adds to what was stated, it is not a valid contract (Melvin, 2011). The contract laws are governed by the common law and the Uniform Commercial Code known as the UCC. Common laws and the UCC are similar yet different in that both are ways contracts are governed by the law. Common contracts are used throughout most of our lives, from cable television to cell phones and real estate to credit cards. Common law is used in transactions with real estate, services, insurance, intangible assets, and employment. Common law is a law that is controlled by the state’s common law as a tradition where the decisions are made based on past courts over the years. When it comes to the terms, the common law requires a description on the quantity, price, performance time, nature of work, and identity of an offer to be a valid contract ("Overview of UCC Contracts and Common Law Contracts", 2013). Common law dictates any change to an offer is a rejection and then it is counter offered and if the contract...
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...Week Three Learning Team Reflection In 2002 an Act called Sarbanes-Qxey Act was passed. It was introduced to the House a “Corporate and Auditing Accountability Responsibility, and Transparency Act of 2002” by Michael Oxley. Then passed to the Senate as the “Public Company Accounting Reforms and investor Protection Act of 2002” According to Weikipedia.com it is “An Act to protect investors by improving the accuracy and reliabilities of corporate disclosures made pursuant to the securities laws, and for other purposes such as industry behavior.” There has been quite a number of accounting scandals over the past several years. This is mainly with the large public corporations. Business scandals have gitten away with misguiding people, businesses by using channels to undereporting liabilities, overstating values such as assets, and even misdirecting funds. Company executives have the ability and unlimited access to working their diveous scheming plans around in order to steal. They can reduce customer's stocks, delay incoming revenue and more. With that said, eleven years ago, that is in 2002, the legislation introduced the Sarbanes Oxley Act. This act introduced major changes in the finance and corporate world. According to "The Sarbanes-Oxley Act Of 2002" (2003), "The Act contains sweeping reforms for issuers of publicly traded securities, auditors, corporate board members, and lawyers. It adopts tough new provisions intended to deter and punish corporate and accounting fraud...
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...Week 5 Reflection Team A ACC/291 February 29, 2013 Steven Marantz Weekly Reflection We covered very interesting topics in week three and four. The students were asked to discuss topics which they felt comfortable with, the topic they may have struggled with, and how the weekly topics related to the application of their field. The students of team A have some similar pertaining to the weekly reading assignment and some that are different. Some of the topics we discussed were how to apply ratio, vertical, and horizontal analyses to financial statement; and also, how to distinguish common stock and preferred stock and, how Corporations issue stocks in accordance with their Articles of Incorporation. Team A agreed that these topics were more clearly and easy to understand. We all were comfortable and ready to use these concepts in the real world. The topics we all struggled with are how to calculate the liquidity, profitability, and the solvency ratios on the balance sheet and income statement. We also learned that accounting could best be described as a type of mechanism or language put in place in order to provide information with regards to the financial position of an organization or business. This type of information is critical to investors as it provides them with important and detailed information that could turn out to be the determining factor as to their decisions to invest or not...
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...Learning Team Reflection Andre Parker, Kellie Baker, Michael Wheeler and Jeffery Stewart LAW/531 June 16, 2013 Erikka Hise The Foreign Corrupt Practices Act This assignment instructed us to read four articles concerning Legal Issues in International and Domestic Business Foreign Corrupt Practices Act. Within this assignment it discussed the crisis in corporation’s unethical practices. The Foreign Corrupt Practices Act of 1977 sparked the argument that United States companies are disadvantaged in international markets. The act has been controversial since its enactment, with some critics attacking it as ineffective and the American business community complaining that it places U.S. enterprises at a competitive disadvantage abroad. Since the late 1990s, however, it has become a model for international efforts to stamp out corruption and improve the business climate in the developing world. Civil lawsuits are another risk from poor FCPA compliance. Typically those claims are securities class-action lawsuits or shareholder derivative lawsuits, where plaintiffs argue that the FCPA problem (Klein & Aguilar, 2010). Nevertheless, in recent years FPCP had serious fraud litigations because some companies in other countries do not go by the FPCP. The Foreign Corrupt Practices Act Program Compliance professionals should conduct a regular internal control check on his or her Foreign Corrupt Practices Act program. The current program in place...
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...With the advancements in technology we all are introduced to new or improved forms. There are times when advancing and learning of new technologies is a wonderful thing as long as one can also retain new information along with previously learned knowledge. In last week’s teachings we have learned new functions and capabilities as well as had a refresher course on the Microsoft PowerPoint program. Along with this informative we have also learned of the importance of the system development life cycle (SDLC) which has many steps involved such as: Systems Investigation, Systems Analysis, Systems Design, Programming and testing, Implementation, Operations and maintenance as well as information systems to include the project management of IT acquisitions, hardware and software selections. Systems investigation main responsibility is to conduct a feasibility study. If the need is found that the team does need to move forward this is when the stage of systems analysis comes in. In this stage it is when information is gathered about the existing system to determine the requirements of the proposed upgraded or new system. Once this is completed the next phase is systems design. This is the process where the team will resolve any current issues. Once this has been completed, that is when the programming and testing of this new and/or upgraded system is done. If this is successful, implementation of this system can be done. During the life of this system there may be operation and...
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...Reflection Week 5 MGT/311 May 31, 2012 Andreya Broadway, Cyndee Aguirre, Jason Rhodes This week we learned about diversity in the workplace. Kind of a touchy subject to many, but for team A it was a subject that hit close to home since all three of us have a very large diverse group in our respective workplaces. It is a manager’s job to make sure that groups are diverse in the company. Whether it is age, race, religion, tenure, or ability all of these qualities make up for a powerful combination for success if the manager takes the correct steps. A manager must understand first off what diverse associates he or she has in their environment. Once the manager has completed that step it is on to find out which assets will work best in a group. As described in class during the chapter 2 slides and discussion, every asset of diversity is much needed when assembling a team or group at work. Managing diversity is quite simple if a manager stays on top of it on a regular basis. The three levels of diversity are surface level, deep level, and management level, and all three of these levels are important when a managing diversity groups. It is a commitment that must be closely watched when trying to make sure those diversity trainings are being scheduled, and that steps are being taken to keep diversity in a positive way. Team A discussed that having weekly or monthly trainings and meetings are needed to ensure that the communication channel is used at all times to address...
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...Team D's Week Five Reflection Paper Human Capital Management HRM/531 Team D's Week Five Reflection Paper Continual training and development of employees from low-level to high-level is an integral part of an organization reaching for and achieving its goals. In order for an organization to be successful, collaboration between individuals and departments is imperative. Organizations may have their standard training and development programs to assist employees in reaching their ultimate level of performance; however monitoring of performance is necessary to ensure individual and organizational goals are met. The process of assessing an employee’s performance, managing employee opportunities and identifying areas of weakness is evaluated and handled in the performance improvement plan (PIP). The PIP spells out the areas of need, determines goals to improve these areas, and develops training and educational needs associated with successful performance enhancement development. The PIP addresses both the areas of behavioral and performance. In the reflection, Team “D” will address training and development and the PIP process in more detail to gain a better understand of the process. Assessing, implementing, and re-evaluating behaviors and goals will be addressed. Training and development of an employee are closely related but also very different. The goal is to achieve the tasks the organization requires and improve upon productivity and efficiency. The training...
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...Differentiate between operating and capital leases There are two primary types of leases: capital and operating. Capital leases are non-cancelable, and must meet at least one of the following requirements: the lease transfers ownership of the asset, the lease contains a bargain purchase option, the duration of the lease is 75% or more of the asset's expected economic life and/or the lease is worth at least 90% of the asset's value. An operating lease is one that meets none of the criteria. A capital lease is an example of accrual accounting's inclusion of economic events. Generally, companies have a choice of which type of lease they wish to use for accounting purposes, however, both types of leases provide specific advantages and disadvantages to financial statements. For example, companies wishing to show a higher return on asset ratios would choose an operating lease, as the balance sheet would not account for the item as an asset, thus reducing the denominator in the ratio. Record leases from both the lessor and lessee perspectives Lessee: The party who acquires use of the asset and must make lease payments. Leasing is a financing decision for the lessee. A lessee should classify a lease transaction as a capital lease if it includes a noncancelable lease term and one or more of the following four criteria are met. Otherwise it is an operating lease and the agreement specifies that ownership of the asset transfers to the lessee. The agreement contains a bargain purchase...
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...Week 5 Learning Team C Reflection ECO/561 September 22, 2014 David Mozinski Week 5 Learning Team C Reflection This week’s material discussed more macroeconomics and the global economies. It ran the gamut from basic macroeconomic concepts all the way through understanding the causes and effects of financial crises. The objectives were to accurately project the effects of credit markets on the economy and global economic conditions regarding trade and specialization business decisions. Learning Team C will demonstrate their academic findings and discuss the areas of difficulty and how the material relates to their individual fields. Topics in Which We Felt Comfortable Primary comfort among the team was found in the arena of money creation, the money multiplier, lending, borrowing, and interest. Topics primarily focused on how commercial banks alter the money supply, either by creating money or altering its value. Recognizing that shifts of the money supply from one bank to another can have an impact on an institution ability to make loans as well. A collapse of single banks can have severe and long lasting negative effects on other banks and on the real economy (Lengnick and et. al., 2013). Although the majority of the team felt most fluent with similar topics, one team member felt different; noting that it was difficult to find solace with most of the topics, but identified that income and consumption was palatable. Most Difficult Learning Objectives This week...
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...Week 5 Individual Personal Reflection Paper March 11, 2013 HUM114 Critical thinking is when you stop to analyze any problem or situations and come up with ideas on how you can solve them critically; it is also the ability to use reasoning and logic to unfamiliar ideas and situations. Critical thinking is a form of behavior we can enforce in every moment we need to analyze a certain perspective, situation, problems, and issues. The three most significant things that I have learned about critical thinking during this course are how to identify if it is a problem or an issue, the steps to critically analyze a situation, and finally I learned how to listen, read, and view critically. Learning to identify if a situation is a problem or an issue is imperative. The reason is because they have different approaches to each one. If a situation is a problem, people can all agree that is a problem but may have different ways of mindset when it comes to finding the solution. There may be ideas for solutions that not everybody agrees with, but everybody will agree there is a problem. If the situation is an issue, people will not all agree there may be an issue. Everyone will have their own opinion on the situation to where some may think there is an issue, others may think there is no issue and also others may not agree on how to solve the issue. When you are able to identify if it is an issue or a problem, you can start thinking critically on how to come up with ideas and solutions...
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...Learning Team Reflection - Exide Technologies Business Law - Law 531 March 23, 2015 Instructor: Learning Team Reflection - Exide Technologies Exide Technologies in Vernon, California is an example of a company which failed to comply with government regulations requiring them to properly handle and dispose of toxic battery waste. This case also highlights the negligence in part by state officials regarding violations discovered over a period of almost two decades. These violations included battery acid draining into a manholes and lead waste stored in open containers causing the toxic waste to be exposed. There are consquences when a company such as Exide Technologies fail to comply with state and federal regulations which could ultimately hinder their sustainability and financial prosperity. Principles of regulatory compliance requirements. According to Exide Technologies website, they are committed to comply with applicable legal requirements and other requirements related to environmental aspect. Due to the numerous violations discovered in the Vernon plant, Exide agreed to shut down the plant as a plea agreement to avoid any future criminal charges and additional fines. In addition to the plant shutting down, they were order to decontaminate the site in which they worked due to high levels of lead and arsenic emissions. Exide Technologies was not only mishandling their toxic waste, but they were not complying with all applicable governmental laws and regulations...
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...ACC 561 Accounting Week 1 to 6, Assignment, WilyPLUS, DQ, Final Purchase here http://homeworkonestop.com/ACC%20561/acc-561-accounting-week-1-to-6-assignment-wilyplus-dq-final Product Description ACC 561 Accounting WEEK 1 Individual Assignment, Financial Statement Review Paper Individual Assignment, Wileyplus BE1-7, BE1-8, BE1-9 Discussion Question 1 and 2 WEEK 2 Individual Assignment, Sarbanes-Oxley Act of 2002 Individual Assignment, Wileyplus E13-5, E13-6, E13-8, E13-9 Learning Team Summary Learning Team Reflection Discussion Question 1 and 2 WEEK 3 Individual Assignment, American Corporation Analysis Individual Assignment, Wileyplus BE15-5, E16-1, E17-9 Discussion Question 1 and 2 WEEK 4 Individual Assignment, WileyPLUS BYP17-2 Managerial Analysis Individual Assignment, Wileyplus BE18-1, BE18-7, BE18-11, E19-2 Learning Team Summary Learning Team Reflection Discussion Question 1 and 2 WEEK 5 Individual Assignment, Costing Methods paper Learning Team Assignment, CVP and Break-Even Analysis Paper Individual Assignment, Wileyplus E20-2, E20-5, BE21-4, E22-5 Learning Team Deliverable Discussion Question 1 and 2 WEEK 6 Individual Assignment, Wileyplus E23-1, E23-2 Learning Team Summary Learning Team Reflection ACC 561 Final Exam WileyPLUS (30 Q & A) ACC 561 Final Exam 2 (30 Q & A) ACC 561 Final Exam 3 (54 Q & A) ACC 561 Final Exam 4 (54 Q & A) ACC 561 Final Exam 5 (54 Q & A) ACC 561 Final Exam 6 (52 Q & A) ACC 561 Final Exam 7 (45...
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...Free Essays on Week 4 Mgt 330 31 - 60 Anti Essays www.antiessays.com/topics/week-4-mgt-330/30 - Cached Get instant access to free Essays on Week 4 Mgt 330 from Anti ... Mgt 311 Week 4 Reflection - Research Paper - Sher72 www.termpaperwarehouse.com/essay-on/Mgt-311-Week-4.../89894 - Cached Jul 31, 2012 ... Mgt 311 Week 4 Reflection. For this week's reflection we took into account the three objectives while having our discussions. The objectives ... Mgt 230 Week 4 Free Essays 1 - 20 www.termpaperwarehouse.com/subcategory/mgt-230-week-4/1 - Cached Free Essays on Mgt 230 Week 4 for students. ... Reflection Week 5 MGT/311 May 31, 2012 Andreya Broadway, Cyndee Aguirre, Jason Rhodes This week we ... Mgt 420 week 4 learning team part ii & iii bjb manufacturing compan... www.slideshare.net/.../mgt-420-week-4-learning-team-part-ii-iii-bjb-manufacturing-company-quality-management-implementation-strat... - Cached Nov 13, 2012 ... MGT 420 Week 4 Learning Team Part II & III BJB Manufacturing Company Quality Management Implementation Strategy PLEASE D. Mgt 311 week 4 and 5 Phoenix University - StudentOfFortune.com www.studentoffortune.com/.../Mgt-311-week-4-and-5-Phoenix-University - Cached Jul 20, 2012 ... Hi I'm looking for week 4 and 5 for mgt 311, University of Phoenix. ... MGT 31 ... The full tutorial is about 5 words long plus attachments. Mgt 330 Week 4 Organizing Paper Term Papers 31 - 60 www.papercamp.com/group/mgt-330-week-4-organizing.../page-30 - Cached Free...
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...ACC 561 Accounting Week 1 to 6, Assignment, WilyPLUS, DQ, Final Purchase here http://homeworkonestop.com/ACC%20561/acc-561-accounting-week-1-to-6-assignment-wilyplus-dq-final Product Description ACC 561 Accounting WEEK 1 Individual Assignment, Financial Statement Review Paper Individual Assignment, Wileyplus BE1-7, BE1-8, BE1-9 Discussion Question 1 and 2 WEEK 2 Individual Assignment, Sarbanes-Oxley Act of 2002 Individual Assignment, Wileyplus E13-5, E13-6, E13-8, E13-9 Learning Team Summary Learning Team Reflection Discussion Question 1 and 2 WEEK 3 Individual Assignment, American Corporation Analysis Individual Assignment, Wileyplus BE15-5, E16-1, E17-9 Discussion Question 1 and 2 WEEK 4 Individual Assignment, WileyPLUS BYP17-2 Managerial Analysis Individual Assignment, Wileyplus BE18-1, BE18-7, BE18-11, E19-2 Learning Team Summary Learning Team Reflection Discussion Question 1 and 2 WEEK 5 Individual Assignment, Costing Methods paper Learning Team Assignment, CVP and Break-Even Analysis Paper Individual Assignment, Wileyplus E20-2, E20-5, BE21-4, E22-5 Learning Team Deliverable Discussion Question 1 and 2 WEEK 6 Individual Assignment, Wileyplus E23-1, E23-2 Learning Team Summary Learning Team Reflection ACC 561 Final Exam WileyPLUS (30 Q & A) ACC 561 Final Exam 2 (30 Q & A) ACC 561 Final Exam 3 (54 Q & A) ACC 561 Final Exam 4 (54 Q & A) ACC 561 Final Exam 5 (54 Q & A) ACC 561 Final Exam 6 (52 Q & A) ACC 561 Final Exam 7...
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...EED 435 Entire Course (UOP) For more course tutorials visit www.tutorialrank.com EED 435 Week 1 Co-Planning Arts Integration Scenario EED 435 Week 1 Arts Standards Scavenger Hunt EED 435 Week 2 Co-Planning Arts Integration Scenario Paper EED 435 Week 2 Visual Art Lesson Plan Template EED 435 Week 2 Visual Arts Integration Strategies Template EED 435 Week 3 Drama Lesson Plan Template EED 435 Week 4 Classroom Observation Reflection Paper EED 435 Week 4 Assignment Dance, Movement, and Music Integration Strategies Template EED 435 Week 5 Arts Personal Philosophy Paper EED 435 Week 5 Multicultural Unit EED 435 Week 5 Arts Integration Strategies Presentation ------------------------------------------------------------------------------------------ EED 435 Week 1 Arts Standards Scavenger Hunt (UOP) For more course tutorials visit www.tutorialrank.com Complete the University of Phoenix Material: Arts Standards Scavenger Hunt located on your student website ------------------------------------------------------------------------------------------ EED 435 Week 2 Co-Planning Arts Integration Scenario Paper (UOP) For more course tutorials visit www.tutorialrank.com Write a 700- to 1,050-word paper based on the scenario you chose from the Co-Planning Arts Integration Scenario in Week One. Include the following in your paper: A description of the development stage and critical thinking skills of the children in the scenario you chose An explanation...
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