5Running head: GUILLERMO FURNITURE SCENARIO Guillermo Furniture Store Scenario University of Phoenix FIN/571 Guillermo Furniture Store Scenario Guillermo Navallaz is the proud owner of Guillermo’s Furniture Store located in Sonora‚ Mexico. He chose this area because of its excellent supply of timber for the variety of tables and chairs produced by his company. Business was going well until the late 1990s’ when two events caused a decline in Guillermo’s business. First‚ a new overseas competitor
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Dear John Owner‚ I would like to congratulate you on on your efforts of opening a new business. There are numerous aspects to controlling a business‚ but then again the most significant and crucial aspect is to decide the category of business you want to start and its model. When starting up a new business‚ an individual has the opportunity of starting a sole proprietorship‚ partnership‚ corporation‚ or LLC (Limited Liability Company). A sole proprietorship is a company that is run by a sole owner
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Week 4 Quiz – IS535 1 . Question: TCO A: List and describe the four information systems serving each of the major functional areas of a business. Your TPS (Transactional Support System) Computerized systems that perform and Answer: record daily routine transactions necessary to conduct the business; they serve at the organization’s operational level MIS (Management Information System) The study of information systems focusing on their use in business and management DSS (Decision Support
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Quiz Week 5 Victor Sabani ITT Technical Institute Quiz Week 5 Quiz Questions 1. What is the purpose of a CIRT plan? Describe what this plan does and what other plan it ties into. The purpose of the CIRT plan is to identify which group is responsible for what. It also provides information for the DRP. 2. Describe what the three models are for a CIRT plan based on the NIST SP 800-61 template. Critical incident response team‚ Distributed incident response teams‚ and the Coordinating team 3. Define
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Quiz Week 5 Victor Sabani ITT Technical Institute Quiz Week 5 Quiz Questions 1. What is the purpose of a CIRT plan? Describe what this plan does and what other plan it ties into. The purpose of the CIRT plan is to identify which group is responsible for what. It also provides information for the DRP. 2. Describe what the three models are for a CIRT plan based on the NIST SP 800-61 template. Critical incident response team‚ Distributed incident response teams‚ and the Coordinating team 3. Define
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Quiz Week 5 Victor Sabani ITT Technical Institute Quiz Week 5 Quiz Questions 1. What is the purpose of a CIRT plan? Describe what this plan does and what other plan it ties into. The purpose of the CIRT plan is to identify which group is responsible for what. It also provides information for the DRP. 2. Describe what the three models are for a CIRT plan based on the NIST SP 800-61 template. Critical incident response team‚ Distributed incident response teams‚ and the Coordinating team 3. Define
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Explanation: Page 121 Points Received: 2 of 2 Comments: 2. Question : (TCO 4) The principal issue to be resolved in cases involving alleged negligence is usually: Student Answer: the amount of the damages suffered by plaintiff. whether to impose punitive damages on defendant. the level of care exercised by the CPA. whether defendant was involved in fraud. Instructor Explanation: Page 119 Points Received: 2 of 2 Comments: 3. Question : (TCO 4)
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Food and beverage giant Nestle has started using a packaging for its yogurt product which shows a picture of a Greek church with the Christian cross airbrushed from the top of its domes‚ following in the footsteps of two other European companies. Nestle’s yogurt packaging uses a photo of the Church of the Resurrection in Santorini‚ Greece. However‚ the world’s biggest food company has updated that photo to show the iconic Greek church sans its white crosses‚ Life Site News detailed. This is not the
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------------------------------------------------- Top of Form Grade Details | Page: | 1 2 | 1. | Question : | (TCO F) Some companies use process costing and some use job-order costing. Which method a company uses depends on its industry. A number of companies in different industries are listed below: i. Custom boat builder ii. Frozen cranberry juice processor iii. Concrete block manufacturer iv. Winery that produces a number of varietal wines v. Aluminum refiner that makes aluminum
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. Contract duties are obligations imposed by law. False 2. Contract law reduces the cost of economic transactions. true 3. A quasi-contract is not a contract‚ but a fiction created by the courts to prevent injustice. true 4. An agreement that is illegal is void. True 5. A contract need not be in writing to be enforceable. False 6. Specific performance is a limited remedy as it is only available for breach of contract to sell a unique item. True 7. A _____ is a promise or a set of promises
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