company’s outlook. Economic Segment Apple Computers Inc. was positioned in the computer industry and still is‚ but it has managed to avoid direct competition in the personal computer industry by defining a target audience and maintaining its loyal customers. It competes horizontally to the major competitors in the computer industry like DELL‚ HP and Gateway. Political/Legal Segment There were not any political activities listed in this case. However‚ outsourcing and globalization has made
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1 Samuel 31‚ 2 Samuel 1-10 – First Samuel ends with Saul’s death. Rather than facing the torment of the Philistines‚ he falls on his own sword‚ but the first chapter of 2 Samuel gives a different account. An Amalekite reports to David that he killed Saul after Saul asked him to run him through with the sword. Either way‚ Saul is now dead‚ and David is made king of Judah‚ while Ishbaal (Saul’s son) supposedly reigns over the rest of Israel. Abner supports Ishbaal at first‚ but after having been
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Chapter 1—Auditing and Internal Control TRUE/FALSE 1. Corporate management (including the CEO) must certify monthly and annually their organization’s internal controls over financial reporting. ANS: F PTS: 1 2. Both the SEC and the PCAOB require management to use the COBIT framework for assessing internal control adequacy. ANS: F PTS: 1 3. Both the SEC and the PCAOB require management to use the COSO framework for assessing internal control adequacy. ANS: F PTS: 1 4. A qualified opinion
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Lighting‚ Inc. Case Company Description * In 2005‚ the profit was approximately ($144‚000 / $5‚500‚000) 2.6% of sales; does this number indicate whether the company is doing well or not? * I like how this company’s strategic position is to offer products‚ lighting fixtures‚ to specifically meet the needs of their customers; they have identified their target consumers and have strategically positioned and marketed themselves accordingly * It’s interesting that Midwest Lighting‚ Inc. owns
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Chapter 10‚ Section 1: The Pressure to Expand Growth of Imperialism Under imperialism‚ stronger nations attempt to create empires by dominating weaker nations. The late 1800s marked the peak of European imperialism‚ with much of Africa and Asia under foreign domination. Several factors account for the growth of imperialism. Economic factors: The growth of industry increased the need for natural resources. Nationalistic factors: Competition among European nations for large empires was the result
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I. Brief Background of the Case August Scientific Instruments‚ Inc. (ASI‚ Inc.) is a small private company which specializes in the manufacturing of miniature electromechanical components. It is located on a small but progressive town wherein a Technical Education Institute is also based. At first‚ the company underwent several problems and setbacks and was able to grow steadily and expand its operations until in 1958; it was able to acquire additional investments‚ substantial monthly sales and
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Fitbit Inc. was founded by James Park and Eric Friedman in 2007. The duo‚ realized that sensors and wireless technology had advanced to a point where they could bring remarkable experiences to fitness and health. This realization led to the conception of a wearable device with activity trackers and wireless-enabled technology that can measure various data and track activities related to health and fitness such as heart rate‚ quality of sleep‚ steps walked‚ steps climbed etc. Fitbit Inc. is devoted
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Case Study: LaJolla Software‚ Inc. LaJolla Inc. is a young business information software company based in California outside the Silicon Valley. The company is interested in forming an alliance with a Japanese firm and has for the last several months been negotiating with several firms in Japan to realize their goals of distributing their product in Asia. The owners have finally found a Japanese firm that will create an alliance with them. The firm is now sending a contingent of managers to
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QUESTION 1 (16 marks) Cash is the most vulnerable asset to audit. Answer the following questions; a) What are the three assertions an audit needs to establish? (6 marks) SOLUTION: Cash balances include cash on hand and at bank. Cash on hand includes undeposited receipts and petty cash. Cash at bank includes cash held in current and savings accounts which is available on demand. Unlike any other account balance‚ cash may be either an asset or a liability. The latter arises where the bank with
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Case Study #2 FHE Inc. Operations Management FHE is a multimillion-dollar company that manufactures pumps and related fluid-handling equipment. The manufactured equipment transfers various types of liquids‚ from paint to food products. These pump are used by automobile and appliance industries‚ allowing performance in vehicle servicing and home construction‚ to name a few. Over the past five years‚ sales and profits have increased as a result of new product introductions. The organizational
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