Business Law Department Exam - 14857 Words

DEPARTMENT EXAM TEST BANK SPRING 2011 True/False Indicate whether the sentence or statement is true or false. __F___ The Offeror Is The Party With The Power To Decide Whether To Create A Contract. __T___ An offer made as a joke, where a reasonable person would conclude that it was made as a joke, cannot result in a contract. __T___ The communication of an offer can be made by the offeror or the offeror s agent. __T___ Generally, advertisements, catalogs, price lists, etc. are not treated as offers. __F___ A counteroffer is treated as both a revocation and a new offer. _T____ Consideration can consist of giving up a legal right. __T___ A promise to act or to refrain from doing an act can serve as consideration. __F___†¦show more content†¦The parties agree on a term of nine (9) months, and a $10,000 salary per month. Per their agreement, Teresa is to begin work on January 1. This contract falls within the scope of the statute of frauds, and thus will likely have to be in writing to be enforceable. ___F__ An offer can never be validly accepted by the offeree’s silence. __F___ Wendy offers to pay Jose $1,000 if he agrees to promise to paint her house this month. If Jose accepts the offer, it will create a unilateral, executed contract. __F___ A contract to provide lawn and landscaping service for â€Å"the next six (6) months† falls within the scope of the statute of frauds, and must be in writing to be enforceable. __T___ Fred offers to paint Debbie’s home for $500. Debbie tells Fred she will only pay $450, and Fred agrees. Under these facts, Debbie is the â€Å"offeror.† __T___ Sarah, an artist, e-mails Patricia and offers to paint her portrait for $499.99. Patricia calls Sarah back and accepts the offer. Sarah promises to paint the portrait within one (1) year, if not sooner, and Patricia agrees to pay within six (6) months of the portrait’s receipt. This is an enforceable, bilateral, executory contract. ___F__ Sue leases her 3 Bedroom, 2-bath home to Trisha for $300,000 for one year. The parties sign a written lease. Article 2-A of the UCC governs this contract. ___F__ Bob, a schoolteacher, sells his neighbor Sam an old office chair at a garage sale. Bob has given Sam an â€Å"implied warrantyShow MoreRelatedGeneral Contractor Licensing For Virginia953 Words   |  4 Pagesobtain your contractor’s license from the Department of Professional and Occupational Regulation Board if you play to do any construction work totaling $1,000 or higher. Construction work can also include demolition, home improvement, or home repair projects. Your contractor’s license will be based on your experience and the size of the projects you plan to undertake. The board will determine what caps are placed upon your business accordingly. Local laws for specific cities and counties may alsoRead MoreThe Importance Of Knowledge Program836 Words   |  4 Pagesusing infographic displays at nighttime entry points, complemented by timed social media posts. Exam excellence Illinois State students exceeded national pass rates in licensure and certification exams, such as the medical laboratory science exam and the National Council Licensure Exam-RN (nursing). Students achieved 100 percent pass rates on the following exams: Family Nurse Practitioner Certification Exam, Praxis in Audiology, and Praxis in Speech Language Pathology. 4IllinoisState.edu/EducatingIllinoisRead MoreSyllabus696 Words   |  3 PagesCollege of Business Administration Department of Accountancy Accounting 351 Federal Tax II Fall 2014 Instructor: Simon R. Pearlman Phone: (562) 985-4578 E-Mail: sy.pearlman@csulb.edu Office: CBA 400 Office Hours: Mondays and Wednesdays - 2:00 p. m. – 3:00 p.m. / Wednesdays 5:00 p.m. 6:00 p.m. Others by appointment Text: Smith, Raabe, Maloney, Taxation of Business Entities, South-Western, 2015 edition Class Times: 12:00 p.m.-- 1:50 p.m.-MondaysRead MoreThe Different Roles Of The Accounting Profession1305 Words   |  6 PagesWeakly related linkPricewaterhouseCoopers Weakly related linkForm 10-K Weakly related linkSEC Weakly related linkIMA Weakly related linkAICPA Weakly related linkGASB The Accounting Profession Accounting allows business people to provide financial information about an organization. There are two primary types of organizations: not-for-profit and for-profit organizations. Examples of typical not-for-profit organizations are: churches, government agencies, and charitiesRead MoreSan Francisco State University: Spring 2013 Course Syllabus1597 Words   |  7 Pagescapital gains and losses, deductions associated with a trade or business (including depreciation), and personal deductions such as charitable contributions, interest, taxes, and medical expenses. Married filing jointly, married filing separately, head of a household, surviving spouse, and single filing status are defined and explained. Course Goals: * To provide the student with an in-depth look at U.S. federal income tax law with primary emphasis on income taxation for individuals * ToRead MoreLawyers : Legal Issues And Disputes1072 Words   |  5 Pagesissues and disputes. Lawyers typically do the following: Advise and represent clients in courts, before government agencies, and in private legal matters Communicate with their clients and others Conduct research and analysis of legal problems Interpret laws, rulings, and regulations for individuals and businesses Present facts in writing and verbally to their clients or others and argue on their behalf Prepare and file legal documents, such as lawsuits, appeals, wills, contracts, and deeds Lawyers, alsoRead MoreCpa Requirements1132 Words   |  5 PagesCPA Exam Application Process Educational Requirements |Educational Requirements |Louisiana |Georgia |Texas | |Baccalaureate Degree |Yes |Yes |Yes | |150 Hour Rule |Yes |Yes Read MoreTEXAS UNIFORM CPA EXAM PAPER1634 Words   |  7 PagesUNIFORM CPA EXAM PAPER For many accounting students, become Certified Public Accountants (CPA) is an important objective for their career. Each state has its own rules and regulations for becoming a certified public accountant. In Texas, the Texas State Board of Public Accountancy (TSBPA) sets requirements to become a CPA. This paper will illustrate those requirements for becoming a CPA in Texas, especially focus on CPA exam, including the requirements to sit for the exam, the topics of the exam, testingRead MoreComparison Of Public Human Resource Management Between China And United States1684 Words   |  7 Pagesprotection and so on. The characteristic of recruitment is that not based on individual relations, as â€Å"who do you know†, but based on individual competence by the competitive employment exams such as written exam, interview and so on. According to the position, the exams may be nationwide, regional or just in a department. As same as the recruitment, promotion does not depend on pers onal relationship either, but competence and performance. Thus, employee can keep paying much more attention on their workingRead MoreComparison of Public Human Resource Management Between China and United States1697 Words   |  7 Pagesprotection and so on. The characteristic of recruitment is that not based on individual relations, as â€Å"who do you know†, but based on individual competence by the competitive employment exams such as written exam, interview and so on. According to the position, the exams may be nationwide, regional or just in a department. As same as the recruitment, promotion does not depend on personal relationship either, but competence and performance. Thus, employee can keep paying much more attention on their working

Julie Heffernan Self Portrait as Wunderkabinett Essay

| Julie Heffernan Self portrait as Wunderkabinett | | | 7/2/2013 | Museum Visit Assignment | | | Julie Heffernan Self portrait as Wunderkabinett Museum visit assignment The Mint Museum in Charlotte, NC is a timeless building and a work of art itself. The building was designed with a contemporary style and is an outward expression of its artistic, belongings inside. I visited the Museum on Tuesday, July 02, 2013, at around 2 in the afternoon. I was within the museum for about 2  ½ hours, observing the exhibits. The building itself exceeded my expectations, but the inside took my breath away. Every detail within was elaborate and intended with thought; from the glass windows, to the straight lines of the architecture, to the†¦show more content†¦The artist creates a focal point with the only woman whose face viewers cannot see. The women’s dress appears to have caught on fire and produces luminosity around the chandelier, forming a shadow within the corners of the room, which brings the viewers eyes from the main woman, up to the chandelier, as shown in the picture to the left. Heffernan’s paintings exp ress her untamed imagination with majestic fantasy, dream-like subjects, yet she paints with a very classic technique. When I first viewed The Self Portrait as Wunderkabinett, Michelangelo’s Sistine Chapel came to mind. Michelangelo illustrates the desire and describes the oneness that humans anticipate with God through salvation. The artists painting technique is traditional, with the sensible and realistic proportions of the human body, the distinguishing lines, the application of shadow, the intricate detail on every object within the painting, and the use of traditional complementary color pairs. Julie Heffernan was born in 1956. She was raised in Northern California but resides in Brooklyn, New York today. She received a BFA from the University of California, Santa Cruz and incredibly, her Masters of Fine Art in Painting from the Yale School of Art. A significant moment that contributes to her talent as an artist was in 1986 where she lived in Berlin for two years, stud ying and practicing constantly during her stay. Her process for creating a new

Financial Literacy Is The Key For Managing Money - 895 Words

Financial Literacy is the key to Managing Money. Financial literacy is much more than learning of how to count your money when purchasing a gallon of milk at the liquor store. Financial literacy at times is mistaken for Economics, and it’s easy to understand why. Yet, financial literacy is the understanding of how money functions in this world, how to properly manage it, how one would properly invest their money, and how to donate your money to help others. Sounds like a perfect curriculum to teach students? Yet, politicians, teachers, and school officials hardly take it serious in this day of time. Many schools lack the resources and curriculum to actually teach the students about financial literacy. Therefore, politicians should vote in enforcing the Department of Education to teach financial literacy to students in junior high and high school. The lack of financial literacy skills has affected many students in the American public school system. Researchers at University of Nebraska studied how students score on a standardized personal finance test. The results generated in this studied showed 6,700 U.S. high school students scored an average of 52 percent on this test. But, this was not the worst thing found in the study by the researchers at University of Nebraska. The worst thing found was a gender gap in the results of this personalized finance test. With boys scoring more than girls in 20 of 23 subjects in the test. Subjects areas in this personalized financeShow MoreRelatedTen Key Lessons From The Famous Book Rich Dad Poor Dad Essay1593 Words   |  7 PagesTen Key Lessons From The Famous Book Rich Dad Poor Dad. Lesson one; those who are rich don’t work for money Robert Kiyosaki, the author explains that there is a very big difference between those who work for money and those who let money work for them. He explains that the poor and the middle class work for money in order to satisfy their needs. This needs include, paying debts, buying food, paying rent, paying allowances. This people work for money because they have the fear of not having money toRead MoreThe Financial Industry : An Important Aspect Of A Successful Retirement1230 Words   |  5 PagesFirst Investors The financial industry is an important aspect in every individual’s life. If individuals want a successful retirement, planning accordingly is an important aspect to accomplish this goal. I have been in the financial industry for total of four years. As each year passes by, I have realized the importance of planning accordingly with your finances. I have helped individuals plan their retirement on a daily bases with my current employment, and it has given me a passion to help individualsRead MoreFinancial Management Refers To The Proficient And Effective1238 Words   |  5 PagesFinancial management refers to the proficient and effective management of cash (assets) in order to accomplish the destinations of the organizations. (financial management, 2015). Money related education is a blend of awareness, information, attitude, the state of mind and conduct important to settle on sound monetary choices and at last, accomplish singular prosperity. Financial literacy is the capac ity to peruse, analyze, oversee, and convey about the individual money related conditions that influenceRead MorePersonal Statement : Personal Finance1607 Words   |  7 Pagesaccount various financial risks and future life events. It includes all activities which an individual is concerned about like investment, insurance, tax, debt servicing, mortgages etc. Financial planning involves analysing your current financial position and predicting your short-term and long-term needs. For example personal finance would include monitoring your expenditure, budgeting for an emergency fund, and paying down debt. The key component of personal finance is financial planning, whichRead MoreA Proposal For Personal Finance1976 Words   |  8 PagesPersonal Finance is defined as the financial decisions and activities of an individual or household. This also includes budgeting, insurance programs, and future planning such as retirement, mortgage and savings planning. Lamar University students will be able to increase their knowledge of inflation, risk, and the power of interest compounding. Lamar University students will be able to gain a substantial understanding on how to properly assess their current financial position. Accompanied by theRead MoreStrategic Management6582 Words   |  27 PagesCompetencies: Quantitative Literacy Critical Thinking Week 1 October 3 – October 9, 2012 Required Reading †¢ Collis, D.J., Montgomery, C.A. (1995, July/August). Competing on resources: Strategy in the 1990s. Harvard Business Review, 73 (4). (Custom Textbook (2012), Managing Strategy in the Global Marketplace. Chapter 21.) †¢ Porter, M.E. (1996). What is Strategy? Harvard Business Review, 74 (6). In HBR’s 10 Must Reads on Strategy. (Custom Textbook (2012), Managing Strategy in the Global MarketplaceRead MoreEssay on Corporate Social Responsibility CSR1353 Words   |  6 Pagesother irritants; fair treatment of employees and ethical attitude towards clients. The other people include employees, customers, suppliers, regulators and the public at large. In terms of CSR, management should make decisions based not only on financial factors such as profits or dividends, but also based on the immediate and long-term social and environmental consequences of their activities. CSR is increasingly being seen as an important and integral part of normal business operations. ThereRead MoreExecutive Summary : Brahmaputra Financial Advisors Essay1925 Words   |  8 PagesEXECUTIVE SUMMARY Brahmaputra Financial Advisors is comprehensive consultancy and advisory firm which will provide quality advisory services relating to investment planning in capital market securities such as equity market, mutual funds, etc, Retirement planning in various pension funds ,Tax Planning as well as Insurance Planning services in various insurance products . We will provide optimum customer specific advisory services to the small investors in accordance to their needs, purpose andRead MoreEducating Children From High School3825 Words   |  16 PagesAbstract We all know that money does not grow on trees. However, children and teens in this generation think differently. Every parent should know that most children would leave their home from high school with little if any training in finances or money management. As a result, they are likely to experience many years of disappointments and aggravation with managing money. The purpose of this paper is to prepare parents to teach their children the knowledge, principles and skills they need inRead MoreFinancial Analysis : Brahmaputra Financial Advisors Essay2309 Words   |  10 PagesECUTIVE SUMMARY Brahmaputra Financial Advisors is comprehensive consultancy and advisory firm which will provide quality advisory services relating to investment planning in capital market securities such as equity market, mutual funds, etc, Retirement planning in various pension funds ,Tax Planning as well as Insurance Planning services in various insurance products . We will provide optimum customer specific advisory services to the small investors in accordance to their needs, purpose and priorities

Impact of Promotional Methods Free Essays

From the scenarios, Erica and Chris have determined their weaknesses after performing a SWOT analysis. However, they have yet to identify opportunities for their business. Determine two potential opportunities specific to their restaurant’s business environment, and discuss how the partners can take advantage of these opportunities. We will write a custom essay sample on Impact of Promotional Methods or any similar topic only for you Order Now Discuss a situation where you were influenced by an infomercial, attractive packaging, and a discount flyer to purchase a product, and explain why you think the promotional method made such an impact on you. I believe one of their potential opportunities is proximity to their ideal client base. They could pass out menus for catering, dining or even take out menus to cater to some of the businesses as well if they do cater maybe even a limited type delivery service to some of the companies as well this would not only separate them from their competition considering they would be the only restaurant to offer all of the services. I believe the second is marketing there food what better way than take ala cart to these local businesses and having people try some samples while passing out menus and creating lunch specials for these business people. I believe this separates you from any other business in the area. I believe this with all fresh ingredients can do nothing but help your business and make a good name for yourself especially being new you have to go out and get your customers just not expect them to come go get them . I think these are all very good ideas for their restaurant very good ways to bring people in the front door if think they are all very good ideas. Good job! Me myself I really can’t think of something I have actually bought but have thought about some products. Usually its tools something new and unique plus a lifetime guarantee doesn’t hurt tools they wear out and break doesn’t matter the brand and I have realized if it’s too good to be true it probably it is. I usually don’t fall for those as seen on TV things seem way to fake for me or I wait to see if I know someone else that gets it to see how it works. Advantages of accrual basis accounting 1. Incorporates expenses and revenue at the same time 2. More accurate financial statements 3. Recognizes expenses and revenues when performed rather when paid Disadvantages of accrual basis accounting 1. Special rules apply to this form 2. Transactions recorded at the time it happens Advantages of cash basis accounting 1. Only records revenue and expenses when they are paid either way. 2. It’s a very in expensive system to use 3. More simple system to use Disadvantages of cash basis accounting 1. Misleading financial statements. 2. Fails to record services performed but not paid yet 3. Does not match expenses with revenues. I believe that each of these could be good for your business just depending on the business. Like to use the cash-basis you would need a business that does not have a lot of receivables and payables. If you have more receivables and payables I would suggest that you pay a little more money for the accrual basis you’re more likely to have a bigger business anyways. The revenue recognition principle recognizes revenue in the accounting period in which the performance obligation is satisfied. The expense recognition principle match expenses with revenues in the period when the company makes efforts to generate those revenues. If they waited until the end of the year to make all these entries it would be crazy look at tax time how people are. Now look at a company that has hundreds or even thousands of transactions a day all over the country it would be crazy. How to cite Impact of Promotional Methods, Papers

Customer Segment for the Company SIA Free-Sample for Students

Question: Identify Customer Segment for the Company SIA. Answer: Identification of customer segment for the company SIA The customer segmentation for the company SIA has been evaluated in accordance with the given criteria. They are discussed below: Demographic The company has analyzed that people from western regions (like India) mainly prefer non-vegetarian meal (socio-cultural segmentation), whereas travelers of from eastern region prefer non-vegetarian meals (Malaval et al., 2014). Majority of the first class and suit class passengers are male and travel for business purpose or leisure. In average, first class passengers are 25- 45 years old (Lim Tkaczynski, 2017). They earn $ 50, 000+ per annum. On the other hand, economy class travelers have much broader group. They are equally spread across all age ranges and socio-economic groups. The main purpose behind their travel is leisure (Duval, 2016). Psychographic SIA includes various classes of cabins like first class, business class and executive economy class to meet different desire of customers about the companys products and services (Lim Tkaczynski, 2017). The company has employed tiered membership method to provide customers the preference of status. Depending on the usage of different types of services, the company has developed various types of cabin classes. They are such as first class, business class and middle class. SIA provides three classes of travel that include Economy Class, First Class, and Business Class. With an ergonomic style of seating, there is ample legroom for every passenger (Duval, 2016). All the seats are facilitated with a reading light and power supply (Pearson Merkert, 2014). For first class passengers, there are more than 1000 options of entertainment ranging from shows, music, movies, games, and others. There is an in-built monitor installed in all the seats for passengers (Malaval et al., 2014) Benefits The company has developed both high cost and low cost airline services. It helped the company to gain sustainable position in the highly competitive airline market. For customers travelling on SIA will feel a sense of luxury on the comfortable seats and sufficient leg rooms, this is essential especially on a long flight as customers will not feel too exhausted after taking it (Duval, 2016). SIA provide direct flight to some countries like Japan which save the time and hassle on transiting at other airport. For businessman, travelling on SIA which is a strong brand airline will also enhance their status. Customers of SIA can conveniently make web check to avoid long waiting time on queuing (Pearson Merkert, 2014). SIA has professional pilots and well-maintained young planes with average age of its aircraft are seven years and seven months, which will provide a safe journey when travelling on it (Schofield, 2016). References Duval, D. T. (Ed.). (2016).Air Transport in the Asia Pacific. Routledge. Homsombat, W., Lei, Z., Fu, X. (2014). Competitive effects of the airlines-within-airlines strategyPricing and route entry patterns.Transportation Research Part E: Logistics and Transportation Review,63, 1-16. Lim, S. S., Tkaczynski, A. (2017). Origin and money matter: The airline service quality expectations of international students. Journal of Hospitality and Tourism Management, 31, 244-252. Malaval, P., Bnaroya, C., Aflalo, J. (2014). Market Segmentation and Positioning. InAerospace Marketing Management (pp. 123-156). Springer International Publishing. Pearson, J., Merkert, R. (2014). Airlines-within-airlines: a business model moving East.Journal of Air Transport Management,38, 21-26. Schofield, A. (2016). Mixing models: Singapore Airlines refines the formula for low-cost carrier ownership.Aviation Week Space Technology.

Jim O’connors Impossible Normality in the Glass Menagerie free essay sample

In the play â€Å"The Glass Menagerie† Jim plays a pivotal role in bringing out the desires of Tom to fulfillment and breaking Laura’s views of seclusion to the world. He’s an unlikely agent for change and resolution in the plot since he’s a somewhat bland and partially developed character although he is a very likeable person with unshakeable optimism and a ‘go-get-em’ attitude. We, the readers only see this one side to Jim and his character flaws and struggles internally or externally aren’t revealed to us. Williams, the playwright, probably meant Jim to be portrayed this way since the character descriptions preceding the story describe Jim as merely â€Å"a nice, ordinary, young man† while the other descriptions reveal emotionally richer members of the Wingfeld family. Jim does try to understand the natures and struggles of Tom and Laura, and even unabashedly digs down to try to help Laura’s issues of confidence and reclusion. We will write a custom essay sample on Jim O’connors Impossible Normality in the Glass Menagerie or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page At the climax of the kiss though, he comically realizes his commitments to his own world and leaves the Wingfeld family in a state of disarray, unaware that he’s altered the dynamics of this family forever. I feel that Jim’s character is not so unique in that any upstanding and confident but yet unavailable man could fill in for his role of bringing the family’s individual desires and secrets to resolution. Thus it feels odd that Jim, this random man, influences the lives of these three desperate and somewhat dysfunctional family members who each prefer to live in their own self-created worlds. Jim could also exemplify the value of normality so desired by this family and less as his own person with personality and struggles. He is slowly but excitedly realizing his dreams of learning and shooting for a corporate office like any good average guy, while Tom wants to flee to his fantasies but his held back by obligations to his family. Jim would also fulfill the direct desires of Amanda, who would then be able to live the life of a proper Southern elderly lady supported by Jim. It’s not so clear what Laura wants but she too needs this person to break out of her shell into reality. The fact that Jim is unavailable to this family was created less out of cruel coincidence but perhaps since the Wingfeld’s don’t deserve normality, their conflicted lives couldn’t handle solutions to their problems, or even hat it would be too easy for Jim to step in and save the day. When Jim leaves their house the Wingfelds, especially Amanda, don’t reflect upon how smoothly their date with the gentlemen caller went, how close Jim was to becoming ‘the one’, or how they could arrange for more and other gentlemen callers to come around later. The simple departure of their caller exacerbates their problems to a new level and they explode with their pent-up frustration except for Laura. Tom finally leaves to pursue his ‘instincts’ after his mother devalues his abilities and Amanda tries to comfort Laura although it probably will be the reverse situation in the future as Laura’s engagement is her sole hope and goal. This is not a happy ending since we can feel the Wingfeld’s continuing issues and inability to reach normality – e. g. Tom still feeling his obligations far away and Amanda’s increasing desperation. The only character we feel hope for, of course, is Laura, but we’ll never know if she does overcome her reclusive nature and get betrothed, a task which would resolve everyone’s problems.

Age of Revolt essays

Age of Revolt essays During each period of life on the planet earth, a new idea, religion, or belief comes about. Each period is characterized by having a major idea that is shared among all that is living at the time. Writers and poets that lived in these time periods not only believed in what the others did, but wrote about their dreams and ideas they shared. The age of Romanticism was characterized as a time of love, but if a person was to examine a poem or work that was written during this time period they will realize it was not just a time of love at all. The Romantic period was gilded to be happy and peaceful, but it really was a time of revolt, world wonder, and the rejection of intellectualism. About one hundred and fifty years before the Romantic period was the Restoration time period. Poets and writers during the time wrote in a dull style that had very little imagination. They wrote of actual occurrences and told things the way they were. Toward the end of the Restoration and into the Romantic period, writer and poets began to write creative stories and poems that seemed to contradict the literature from the time before. Poets like Coleridge would write of unusual or supernatural things, and writers like Mary Shelly who wrote the gruesome tale of Frankenstein. One example of a supernatural idea is in Frankenstein when the lead character Victor Frankenstein says I had glazed on him while unfinished; he was ugly then; but when those muscles and joints capable of motion, it became a thing such as even Dante could not have conceived. The poems and stories of this time are so different from the Restoration time period, a person can only fathom that the writers at the t ime are just revolting from the time before. The writers were just sick of the dull writing style before them and they set out to prove a point. During the Restoration time period people did not care about the earth and ...