Module 2 - BFTP2 - 1
.docx
keyboard_arrow_up
School
Toronto Metropolitan University *
*We aren’t endorsed by this school
Course
100
Subject
Business
Date
Jan 9, 2024
Type
docx
Pages
1
Uploaded by CommodorePuppy3931
CACC100 – Module 1 – BFTP2-1 Worksheet
What business sector is Tees Inc. in? Explain.
Secondary. They are manufacturers who take the material (fabric) and turn it into a product (designer t-shirts). Then they sell it to a wholesaler.
What is a wholesaler and which business sector is it in?
Wholesalers are distributors of an already manufactured product. They purchase from manufacturers and then can sell to consumers or to retail. They are in the tertiary business
sector.
Is the bank a stakeholder of Tees Inc.? Why do you think so? Yes, because it concerns the bank whether or not the company will be able to pay the loan
it is providing. So they must be aware of their financial situation and therefore how the business is doing.
If the bank is a stakeholder, what would be the bank's objective with regards to Tees Inc.? That they can pay their loans and any interest if applicable. If you were the banker, what qualitative characteristics would you want the financial information you receive to have? Why would you consider these qualities to be important? Faithful – so that I can trust the information is correct. Relevant – so that it is pertinent to my decision. Comparable, Verifiable – so everyone can see the same information, timely and understandable
What qualitative characteristic might Jason and Carlo be tempted to violate and why? What makes you think they might
be tempted? Faithful – they might try to make it seem as if they made more money than they actually do so that the creditor thinks they will be able to pay the loan with no problem and they lend them the money
Explain to Jason and Carlo what GAAP is. Be specific! The generally accepted accounting principles are characteristics of a business that they need to provide to external stakeholders for decision making.
The answers to these questions are from the knowledge you gained in Chapter 1.
Discover more documents: Sign up today!
Unlock a world of knowledge! Explore tailored content for a richer learning experience. Here's what you'll get:
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
N2
More specifically, what are the two main reasons why certain things should not be up for sale?
arrow_forward
33-ChoicePoint is a company that gathers data from police, criminal and motor vehicle records credit and employment historiescurrent and previous addresses and insurance claims to assemble and maintain electronic dossiers on almost every adult in the USA. ChoicePoint is an example of: O a. Interpol O bProfiling System O c. Data aggregator O d. Insurance company
arrow_forward
There are companies that import and export flowers worldwide. It is one of the very competitive businesses in the world. “Fresh Phool Co.” is an international flower company working in Pakistan. It has received a significant order inquiry for fresh Roses from Bangladesh. What incoterm will the Fresh Phool Co. be settling with the buyer? Give reasons for your incoterm selection.
(Note: Select only one incoterm that you recommend is the most appropriate. Highlight the interest and concerns of various stakeholders while discussing that incoterm
arrow_forward
What are the ethical issues, as identified with the Markkula Center Framework for Ethical Decision related links, in the strategy of Dollar General Download Dollar Generalas depicted in this article? DG may have "hit a gold mine in rural America," but at what ethical cost? This is not merely your personal opinion but an opinion informed by the detailed and contradictory ethical analysis the Markkula app provides. Between Tuesday and Wednesday (11:59 pm) post your detailed analysis based on Markkula for all to see. Wednesday.-Friday, compare and contrast the work of others in the class, and seek to synthesize overall ethical ideas.
arrow_forward
To make sure they have enough stock, a department store implements a new application that analyses customers spending
pattern and verify this data to popular clothing styles. Which of the following business objective is this information intended to
support?
[Untuk memastikan mereka mempunyai bekalan yang cukup, sebuah pusat membeli-belah melaksanakan satu aplikasi baharu
yang menganalisa tahap perbelanjaan dan mengesahkan data tersebut dengan gaya gaya pakalan popular Manakah antara:
objektif perniagaan berikut yang disokong oleh maklumat data itu?
U a. Customer intimacy.
[Keintiman pelanggan.]
O b. Survival.
[Kelangsungan hidup.]
Oc. Operational excellence.
[Kecemerlangan operasi.]
O d. Improved decision making.
arrow_forward
What does ISP stand for? Name one ISP for your respective count
arrow_forward
Pls help ASAP
arrow_forward
How does the "ETL" process differ from the "ELT" process in the context of data warehousing operations?
arrow_forward
There are several categories of e-business, for example B2B, B2C. Which of the following best describes ‘Buy side’ as an e-business?
It focuses e-commerce on transactions between a purchasing entity and its vendor.
It focuses on the transactions between a purchasing entity and its customers.
This is where consumers use sites that allow them to select from several buyers.
This is where a business is able to place an order directly into a supplier’s information system.
arrow_forward
1. Answer all question a and b :
a. Explain the information sharing and line of communication of nescafe.
b. Explain continuous improvement of nescafe.
arrow_forward
Some companies import and export flowers worldwide. It is one of the very competitive businesses in the world. “Fresh Phool” is an international flower company working in Pakistan. It has received a significant order inquiry for fresh Roses from Bangladesh. What incoterm will the Fresh Phool company be settling with the buyer? Give reasons for your incoterm selection.
(Note: Select only one incoterm that you recommend is the most appropriate. Highlight the interest and concerns of various stakeholders while discussing that incoterm)
arrow_forward
users of information by an accounting information system have several different requirement . belinda's bloom , a florist are information system.
describe the marketing objective that may be established for an information system for retail organization.
describe the operating objective to be able to provide this information
discuss the internal control requirement that need to be taken into consideration for a marketing information system.
arrow_forward
You are requested to select a sales organization which needs an Online Shopping app for Ecommerce
Store to improve the business operations and promote sales. You need to conduct a research through
the Internet and the available online resources for an Online Shopping you have selected. Plan your
Research in such a way to examine the issues faced by organization in currently available information
system and explore the other types of information systems which can be incorporated to enhance the
existing system. After conducting the research prepare the following:
1.
а.
Write a short description of the chosen online Shopping/department and the information system
currently used.
b. List the business drivers of the information system based on the current system.
arrow_forward
2l
Please answer in ABCD format thanks
arrow_forward
Table: Factors causing the decline in sales
Factors
% Contribution
Delayed deliveries
15%
Lack of delivery personnel
8%
Inaccurate sales orders
25%
Wrong deliveries
32%
Delayed invoicing
6%
Pilferage
7%
Expired items
7%
a. Following the Pareto Principle, what are the vital factors or main contributors to the decline in sales? Show your Pareto Chart and indicate or label the vital factors or contributors to the problem.
Hint: know the vital few %
b. What are the vital factors or vital contributors to the problem?
c. If the sales and marketing manager wants to reduce the impact of vital factors or contributors by 70%, what will be a good GOAL Statement to improve his sales problem?
Hint: Use SMART GOAL
arrow_forward
/variants/1301916/take/6/
Listen
The beverage market is a very saturated market. What advice
would you give to an entrepreneur who wants to start a busi-
ness selling iced tea in supermarkets?
A It is not a good idea. Since the market is so saturated,
it will be hard to compete.
B
It is a great idea! Because the market is so saturated,
it will be easier to compete.
C It is a great idea! A lot of people are buying beverages
because it is a saturated market.
It is not a good idea. Not many people are buying
beverages because it is a saturated market.
Šõõŏ •ooo
of 18 Total Questions Answered
All Changes Saved
7:53 PM
10/13/20
arrow_forward
Search the Internet for a company that supplies Customer Relationship Management (CRM) systems for mid-size and large companies. Learn all you can about the company’s CRM product/s. Take a look at its competitors as well.
Armed with the product knowledge and competitor analysis you have gained, compose a sales letter (as an email) to a mid-size company in need of CRM software. You’re free to make up details about the customer’s problem/s so that you can show the benefits and value proposition of your solution. Your letter should follow proper email format, including being single spaced, and be no more than one page in length.
Once you have posted your sales letter, read the letters of your peers and respond to 3 letters. Pretend that you are the customer and respond as you would if you were to receive such a sales letter.
arrow_forward
Consider a FMCG (fast moving consumer goods) company trying to distribute its product directly to its consumers. What would be the major hurdles if this strategy is implemented?
arrow_forward
What is EDI and how is it used?
arrow_forward
This is a sub topic of management which is retail.
arrow_forward
Identify the appropriate type of relationship among the
use cases shown in below figure:
Cheok Client's
Credit History
Authorize
Car Loan
generalization
O include
association
polymorphism
extend
arrow_forward
need help asap
arrow_forward
Furniture stores like Danube Furniture Shop, REO and Max Clothes shops are classified as Chain stores. This means that ____
a.
They are owned by several individuals who decided to put a consumer store.
b.
They can be found everywhere in Oman and is owned and operated by a single company
c.
They are independently owned retail stores.
d.
They are stores which rents a space in a big mall
arrow_forward
SLO-3.1 The major reason supply management can greatly improve a firm’s return on investment (ROI) is:
A) the reduction of post ownership costsB) the reduction of downtime costsC) the reduction of quality costsD) the reduction of acquisition costE) every dollar saved in purchasing is = to a new dollar of profit
NEWSLO-3.2 Which of the following is generally not true about supply management and the bottom line?
A) Purchased items account for a large percentage of the cost of goods sold. Hence, a reduction in cost of purchased goods has a major impact on the bottom lineB) A Euro increase in sales is equivalent to a Euro decrease in materials cost in impacting the bottom lineC) Outsourcing allows firms to focus on their core competencies, which reduced potential for waste, which then can improve the bottom lineD) A dollar saved in materials cost is usually considered a dollar increase in profit, which directly translates into bottom line savingsE) Supply management can work…
arrow_forward
OM2.
Many entrepreneurs are very successful in planning and starting a new business.
Entrepreneurs are even very effective in operating their new business. However, many
entrepreneurs have trouble during the growth phase of their business. Please discuss
managerial concerns that entrepreneurs experience while growing their businesses.
arrow_forward
Please answer in ABCD format thank you
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education
Related Questions
- N2 More specifically, what are the two main reasons why certain things should not be up for sale?arrow_forward33-ChoicePoint is a company that gathers data from police, criminal and motor vehicle records credit and employment historiescurrent and previous addresses and insurance claims to assemble and maintain electronic dossiers on almost every adult in the USA. ChoicePoint is an example of: O a. Interpol O bProfiling System O c. Data aggregator O d. Insurance companyarrow_forwardThere are companies that import and export flowers worldwide. It is one of the very competitive businesses in the world. “Fresh Phool Co.” is an international flower company working in Pakistan. It has received a significant order inquiry for fresh Roses from Bangladesh. What incoterm will the Fresh Phool Co. be settling with the buyer? Give reasons for your incoterm selection. (Note: Select only one incoterm that you recommend is the most appropriate. Highlight the interest and concerns of various stakeholders while discussing that incotermarrow_forward
- What are the ethical issues, as identified with the Markkula Center Framework for Ethical Decision related links, in the strategy of Dollar General Download Dollar Generalas depicted in this article? DG may have "hit a gold mine in rural America," but at what ethical cost? This is not merely your personal opinion but an opinion informed by the detailed and contradictory ethical analysis the Markkula app provides. Between Tuesday and Wednesday (11:59 pm) post your detailed analysis based on Markkula for all to see. Wednesday.-Friday, compare and contrast the work of others in the class, and seek to synthesize overall ethical ideas.arrow_forwardTo make sure they have enough stock, a department store implements a new application that analyses customers spending pattern and verify this data to popular clothing styles. Which of the following business objective is this information intended to support? [Untuk memastikan mereka mempunyai bekalan yang cukup, sebuah pusat membeli-belah melaksanakan satu aplikasi baharu yang menganalisa tahap perbelanjaan dan mengesahkan data tersebut dengan gaya gaya pakalan popular Manakah antara: objektif perniagaan berikut yang disokong oleh maklumat data itu? U a. Customer intimacy. [Keintiman pelanggan.] O b. Survival. [Kelangsungan hidup.] Oc. Operational excellence. [Kecemerlangan operasi.] O d. Improved decision making.arrow_forwardWhat does ISP stand for? Name one ISP for your respective countarrow_forward
- Pls help ASAParrow_forwardHow does the "ETL" process differ from the "ELT" process in the context of data warehousing operations?arrow_forwardThere are several categories of e-business, for example B2B, B2C. Which of the following best describes ‘Buy side’ as an e-business? It focuses e-commerce on transactions between a purchasing entity and its vendor. It focuses on the transactions between a purchasing entity and its customers. This is where consumers use sites that allow them to select from several buyers. This is where a business is able to place an order directly into a supplier’s information system.arrow_forward
- 1. Answer all question a and b : a. Explain the information sharing and line of communication of nescafe. b. Explain continuous improvement of nescafe.arrow_forwardSome companies import and export flowers worldwide. It is one of the very competitive businesses in the world. “Fresh Phool” is an international flower company working in Pakistan. It has received a significant order inquiry for fresh Roses from Bangladesh. What incoterm will the Fresh Phool company be settling with the buyer? Give reasons for your incoterm selection. (Note: Select only one incoterm that you recommend is the most appropriate. Highlight the interest and concerns of various stakeholders while discussing that incoterm)arrow_forwardusers of information by an accounting information system have several different requirement . belinda's bloom , a florist are information system. describe the marketing objective that may be established for an information system for retail organization. describe the operating objective to be able to provide this information discuss the internal control requirement that need to be taken into consideration for a marketing information system.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
- International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education