1) 1. Introduction The management of a business can be divided into nine business functions namely: General and strategic management Purchasing Production and operations Marketing Public relations Human resources Administration and information Financial and accounting Risk management The nine functions are important because their role is to ensure that the goals of the business are achieved. All the functions work together to ensure the survival of a business just like the organs of a human. None
Premium Management
Assignment: R2-1‚ R2-3‚ R2-8 Fraud Homework #1 1. R2-1 : How is “skimming” defined? - Skimming is defined by the theft of cash prior to its entry into the accounting system. 2. R2-3 : How do sales skimming schemes leave a victim organization’s books in balance‚ despite the theft of funds? - They leave a victims organization’s books in balance because neither the sales transaction nor the stolen funds are ever recorded. 3. R2-8 : What are the six principal methods used to
Premium Accounts receivable Fraud Credit card fraud
an employer-employee relationship. These include the control test‚ the organization and integration test‚ the economic reality test and the mutuality of obligations test. In this case‚ we could use the ‘control test’ and the modern approaching test ‘the economic reality test’ to examine the whole issue. Similar to case Chan Ming v. Wayfine Investment Ltd[2001] 2 HKLRD E12‚ Cathy received an order of delivery‚ she had indicated what goods were to be loaded in the restaurant and where to be left in
Premium Tort law Employment Vicarious liability
It seems as if Donna Smith has hit a bump in her college career. She was the first in her family to attend college and enrolled in the University of South Carolina to become a doctor. She grew up in a small‚ rural‚ town and was of course the top of her class and student body president. However‚ when she arrived at the university everything didn’t go as planned. From what she says Donna is facing a lot of problems. Primary problems include her grades‚ getting her property stolen‚ and being emotionally
Premium High school Education Teacher
QUESTION Running late for his exciting evening law class‚ Sam desperately seeks out a car park in the CBD of Melbourne‚ state of Victoria Australia. He spots the car park operated by Citipark Ltd. Sam drives up a ramp which has raised concrete barriers on either side. As it is rush hour‚ there are a few cars in front of him and soon some more line up behind him. Sam stopped his car at the barrier entrance of the car park which had a mechanical arm preventing cars moving into the parking
Premium Parking Parking lot Parking space
COMPANY DETAILS GLOBALLY A Spanish brand of clothing founded by the visionary Amancio Ortega Gaona and Rosalia Mera in Artexio‚ Galicia. ZARA was founded in the year 1975. Is one of major selling brand of the biggest fashion retailer "INDITEX". Amancio Ortega Gaona and Rosalia Mera in Artexio‚ Galicia. - Taken from Wikipedia. Zara has resisted the industry-wide trend towards fast fashion production to low-cost countries. Perhaps its most unusual strategy was policy of zero advertising;
Premium Inditex Inditex Amancio Ortega Gaona
How to Make An Interstate Move Moving interstate is a very involving activity and might prove to be very stressful if careful plans are not done well in advance. Adequate preparation are therefore very necessary to ensure you don’t leave or lose some of your items.it is however an easy task if you methodically and carefully tailor your moving interstate checklist. This will allow you to plan ahead and evade common mistakes that people often make while moving. Taking time to plan every step of
Premium Management Project management Risk
Group 5- Coal E-Auction Business Marketing- Case Study 9/4/2013 Great Lakes Institute of Management‚ Gurgaon Ankush Vashisht‚ Anurag Kashyap‚ Kanika Matta‚ Rejith Ravindran‚ Shalabh Shrivastav Introduction: Mining in India is a major economic activity which contributes significantly to the economy of India. The GDP contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP of the total industrial sector it contributes around 10% to 11%. India has the fifth
Premium Coal Coal mining
Financial Statement Fraud - Recognition of Revenue and the Auditor’s Responsibility for Detecting Financial Statement Fraud - Tiina Intal and Linh Thuy Do Graduate Business School School of Economics and Commercial Law Göteborg University ISSN 1403-851X Printed by Elanders Novum Abstract Financial reporting frauds and earnings manipulation have attracted high profile attention recently. There have been several cases by businesses of what appears to be financial statement fraud‚ which have
Premium Audit Auditing Financial audit
HotOrNot was sold for $20 million‚ how do we justify the price of this acquisition? In order for this acquisition to make logical sense‚ we would have to find out whether the benefits outweigh the costs. It is clear that in HotOrNot case‚ the costs were minimal as there were bandwidth costs in the beginning‚ and this cost would decline and close to zero as time went by. therefore we shall focus on benefit for now. To begin with‚ it is understandable that the sources
Premium Revenue Income Strategic management