Q1. Define SWOT analysis with appropriate examples using external resources (200 words) SWOT Analysis‚ technique credited to Albert Humphrey‚ is strategic planning method used to evaluate Strengths‚ Weaknesses‚ Opportunities and Threats involved in business ventures. 1 It involves 1) Specifying objective 2) Identifying internal and external factors favorable and unfavorable to achieve objective 1 Example - Healthcare Software Company selling high value products 2 Strengths : Internal
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1. Goodner Brothers set ambitious sales goals. In order to achieve these goals‚ they were known to undercut their competitor’s prices. In the text‚ it is pointed out that “To compensate for low gross profit margin‚ Goner scrimped on operating expenses‚ including expenditures on internal control measures.” Goodner Brothers should have not saved on internal control measures so they could have caught Woody stealing their inventory. Goodner Brother’s should have had more employees to have an appropriate
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twentieth century‚ Texas held a one-party Democratic state until the 1970’s. Throughout this time‚ Democrats were scattered everywhere with different ideas and opinions. They competed with each other and chose their decisions as individuals and not as an integrated team. After Republicans managed to break the continuous Democratic streak‚ Democrats started slowly shifting to the elephant side‚ making it the dominant party in Texas. The Democratic Party has fragmented into two factions: conservative
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Based on the content of the story Brother should be held responsible for Doodles death. Doodle‚ was the younger brother‚ and was born with a heart defect. He was ignored by his parents. Seeing how he was ignored his older brother felt responsible for Doodles care. Gradually Brother grew to love and care for Doodle. Brother taught him how to live a normal life‚ teaching him to walk‚ swim‚ and climb trees. These are skills a normal child would develop with their parents. Doodle died while running
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Goodner Brohers‚ Inc. 1. List what you believe should have been the three to five key internal control objectives of Goodner Brohers’ Huntington sales office. A. Goodner’s executives should focus more attention on internal control measures rather than volume in order to have operating activities with efficiency. Although sales volume is related to profits‚ the company could not scrimp on operating expenses. Goodner should make sure there is a good and healthy environment when achieving high
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The story “The Scarlet Ibis” is about two brothers‚ the narrator and Doodle. Doodle is challenged and cannot walk so his brother tries to teach him‚ but he pushes Doodle to hard and he dies. I believe that it was the narrators fault that Doodle died. I think that brother is responsible for Doodles death‚ and should face consequences of some kind. He pushed Doodle too hard. He took him to the swamp even when his parents warned him not to. Even though his intentions were to teach Doodle and not kill
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In the Goodner Brother’s case‚ the company has a “sloppy accounting practices and lax control over its inventory and other assets.” The key internal control weaknesses that were evident in the Huntington unit’s operation are control environment weaknesses‚ control activities weaknesses and monitoring weaknesses. 1. Control environment– Management’s attitudes‚ awareness and actions concerning controls Management’s philosophy and operating style plays an important role in the Goodner case. Goodner’s
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Democratic Republic of the Congo from 1965 to 1997. Although the atrocities Mobutu committed as dictator are real‚ one can draw several comparisons to the fictional rule of Big Brother and the Party in Nineteen Eighty-Four’s Oceania. Firstly‚ both leaders secured power by obliterating all references to the past. As the old Party slogan goes‚ “Who controls the past goes the future; who controls the present controls the past.” In the novel‚ this slogan manifests in the form of renaming Britain to Airstrip
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Case: Goodner and Howard Street Jewelers Cases Student Name: Shucong Li Date: 09.16.2014 I. Three conditions of Fraud Triangle: 1. Incentive or pressure to perpetrate fraud： a) Excessive pressure for management to meet third party expectations b) Financial stability or profitability is threatened c) Management’s personal financial situation is threatened 2. Opportunity to carry out the fraud a) Nature of the Industry or entity’s operations b) Complex or unstable organizational structure c) Ineffective
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INVENTORY MANAGEMENT Introduction The overseeing and controlling of the ordering‚ storage and use of components that a company will use in the production of the items it will sell as well as the overseeing and controlling of quantities of finished products for sale. A business’s inventory is one of its major assets and represents an investment that is tied up until the item is sold or used in the production of an item that is sold. It also costs money to store‚ track and insure inventory. Inventories
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