1. A major advantage of the partnership form is that the personal assets of the partners are protected from creditors in case of legal action- False 2. A partnership is considered an “entity” for accounting purposes- True 3. “Mutual agency” means that one partner can legally bind all the other partners to a contract if it appears that he or she is acting appropriately- True 4. Partners are taxed on their drawings regardless of their share of the income. False 5. If a partnership agreement
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Tutorial 12 (week 7) Topic 5: Franchising MCQ 1. | According to our textbook‚ which of the following is not a quality to look for in prospective franchisees? | | a. | individual‚ rather than team-oriented | | b. | ability to follow instructions | | c. | experience in the industry in which the franchisee operates | | d. | ability to operate with minimal supervision | | e. | adequate financial resources and a good credit history | Answer: A 2. | According
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in HOW MUCH DO CREDIT CARD COMPANIES KNOW ABOUT YOU? 1. What competitive strategy are the credit card companies pursuing? How do information systems support that strategy? 2. What are the business benefits of analyzing customer purchase data and constructing behavioral profiles? 3. Are these practices by credit card companies ethical? Are they an invasion of privacy? Why or why not? IS THE IPAD A DISRUPTIVE TECHNOLOGY? 1. Evaluate the impact of the iPad using Porter’s competitive
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Intermediate Accounting Test 2 The accountant of Weatherspoon Shoe Co. has compiled the following information from the company’s records as a basis for an income statement for the year ended December 31‚ 2012. | Rental revenue | $29‚000 | | Interest expense | 18‚000 | | Market appreciation on land above cost | 31‚000 | | Wages and salaries-sales | 114‚800 | | Materials and supplies-sales | 17‚600 | | Income tax | 30‚600 | | Wages and salaries-administrative | 135‚900 |
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introduce myself as an ambitious and young computer engineer with intense desire to improve knowledge and abundant stamina. I would like to seek to improve my skill in technical knowledge by taking up advanced courses in INFORMATION SYSTEMS at your university. Information Systems is my pet subject since my childhood. Application Programming‚ Database Management‚ computer Networks and software testing and security have fascinated and engrossed me‚ ever since I joined my under graduation courses and
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All questions courtesy of Houghton Mifflin’s The American Pageant Guidebook; A Manual For Students‚ Eleventh Edition‚ 1998 Chapter 12: The Second War for Independence and the Upsurge of Nationalism‚ 1812-1824 True-False Where the statement is true‚ mark T. Where it is false‚ mark F‚ and correct it in the space immediately below. 1. Napoleon’s decision to repeal his blockage decrees in response to Macon’s Bill No. 2 demonstrated how he had been successfully manipulated by President Madison
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conducting business . Information system are the foundation of fast paced supply-chain. The internet allows many business to sell ‚ advertise ‚ and solicit customer feedback online. Organizations are trying to become more competitive and efficient by digitally enabling their core business processes and evolving into digital firms. The internet has stimulated globalization by dramatically reducing the cost of producing ‚ buying ‚ and selling goods on a global scale. New information system trends include
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Quantitative Data refers to information that are written in numbers and are quantifiable. These are often measurable or countable data which allow researchers to perform various arithmetic operations‚ such as additions and multiplications to find statistics like mean. Example is ages of selected students. What is your age? 2 26‚ 20‚ 28‚ 22‚ 24‚ 30‚ 24‚ 20 Average is 24 Qualitative Data (or Categorical Data) Qualitative Data refers to information that are written in labels and
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Developing an Information System Definition Information system (IS) is the merging of information technology and the activities carried out by the people in an organization to support operations‚ such as management and decision making. IS is mainly referred to the interaction between people‚ data‚ processes‚ and technology. Components 1. 2. 3. 4. 5. People‚ who make the IT specialists such as Database Administrator and Network Engineer. Software‚ which consists of System Software‚ Utility Software
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Gsc E-Ticketing System As a business professional‚ I should be able to recognize the fundamental components of information systems that encounter in the real world. I had chosen the Golden Screens Cinema (GSC) e-ticketing system as my research topic. Background of Golden Screens Cinema(GSC) Golden Screen Cinemas is acknowledged as the largest chain of cinemas in Malaysia and it has the credit of housing the largest 18 screen cinemas in Malaysia. The 18 screen cinemas in Malaysia comprises
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