ACC 100 Notes- Ahmed Saadeddine

Entrepreneurship group assignment for accounting and management students Write the correct answer for the following questions What are the critical elements that the process of an entrepreneurship comprises? (2%). List the components of external environment and describe their relationship with the business firm. (3%). Describe each the following innovation process.(2%). Analytical planning Resource organization Implementation Commercial application What is the difference between idea and opportunity? (2%). What are methods used for generating business ideas? (2%). Describe each of the three basic forms of business ownership. (3%). a. proprietorship b. partnership c. corporation 7. Define the following terms.(2 points) a) Entrepreneurship b) Entrapreneurship 8. What is the difference between individual entrepreneur and organizational entrepreneur? (2 points) 9. List out at least four importance of small businesses. (2 points)

Question 3:  Select a company of your choice that applies employee motivation scheme, start by briefly introduction of the chosen company, and describe how they motivate employees, what kind of moral boosters used, their reward/punishment system, and ways to retain good employees. the chosen company (Starbucks)

which one is correct please confirm? QUESTION 16 A good operational plan incorporates a plan for ____________.   a. the unionization of its business   b. a solid organizational chart with detailed job descriptions   c. the resources a firm will need to obtain its objectives   d. All of these are correct

Question 1.1 Example Ltd is a manufacturer. Which of the following is an example of the control function in management accounting? Setting production targets for new product models. Awarding bonuses to top performing managers. Developing corrective actions in response to lower than expected production levels. Pursuing legal actions against patent infringement.

Discussion points:As a plant employee, what is your responsibility to report your findings to superiors?Should you attempt to determine if the redundancy is justified? Explain.What is your responsibility to the employees whose jobs will likely be lost because of your report?What facts should you consider before making your decision to report or not?  (Chapter 17 Ethics Challenge BTN 17-3, Financial & Managerial Accounting: Information for Decisions; Wild, Shaw, and Chiapetta, 7th edition, McGraw-Hill )  I do not really understand this at all. Do you have access to this course material and could help me learn this so i know?

13. With an increase in ________, employee training is important in many companies. A. Technology B. Employees C. Workplace discrimination D. Upper management   14. Training is usually: A. Paid for by the employee B. Provided and paid for by the company C. Free to all participants D. Paid for by a professional trainer   15. An entrepreneur is someone who: A. All of these B. Would rather work for others C. Doesn't mind lower pay as long as he or she can work for him- or her-self D. Assumes the risk of succeeding or failing in business   16. Continue expanding your knowledge: A. Only in areas that interest you B. Only in areas relating to your current job C. In as many areas as possible D. In only areas your boss recommends

Identifying ethical standards The Institute of Management Accountants’ Statement of Ethical Professional Practice requires managerial accountants to meet standards regarding competence, confidentiality, integrity, and credibility. Consider the following situations. Which standard(s) are violated in each situation? You tell your brother that your company will report earnings significantly above financial analysts’ estimates. You see others take home office supplies for personal use. As an intern, you do the same thing, assuming that this is a “perk.” At a company-paid conference on e-commerce, you skip the afternoon session and go sightseeing. You failed to read the detailed specifications of a new accounting software package that you asked your company to purchase. After it is installed, you are surprised that it is incompatible with some of your company’s older accounting software. You do not provide top management with the detailed job descriptions they requested because you fear…

Identifying ethical standards The Institute of Management Accountants’ Statement of Ethical Professional Practice requires managerial accountants to meet standards regarding competence, confidentiality, integrity, and credibility. Consider the following situations. Which standard(s) are violated in each situation? a. You tell your brother that your company will report earnings significantly above financial analysts’ estimates. b. You see others take home office supplies for personal use. As an intern, you do the same thing, assuming that this is a “perk.” c. At a company-paid conference on e-commerce, you skip the afternoon session and go sightseeing. d. You failed to read the detailed specifications of a new accounting software package that you asked your company to purchase. After it is installed, you are surprised that it is incompatible with some of your company’s older accounting software. e. You do not provide top management with the detailed job descriptions they requested…

1. Responsibility Centers Indicate how each of the business situations below is most likely to be organized: cost center (CC), revenue center (RC), profit center (PC), or investment center (IC) A. The assembly department of Toyota Motors Corporation. B. The Ayala Mall car park ticket outlets. C. The Magnolia product division of San Miguel Corporation. D. The accounting department of SM Malls. E. The Project 8 branch of Starbucks Coffee. F. The College of Accountancy of the España University. G. The parts department of Suzuki Motors Corporation. H. The convenience store (Mini-Stop) that is owned by a chain organization; the head office supplies all the goods to be sold and determines the selling prices.

Question 5.1                                                                                                                         For each of the following balanced scorecard measures, A – Financial B – Customer C – Internal Business Process D – Learning and Growth   Required Match with the appropriate perspective: Number of new customers Percentage of defective product units Number of patents Customer profitability Customer cost per unit Return on assets Average job-related training hours per employee Product cost per unit Employee turnover rate Percentage of processes with real-time feedback

QUESTION 25 One of the reasons that businesses use accounting is it: O a. supplies information that permits informed judgements and decisions Ob.s casy to understand product information Ocs required by the government d. is a simple way to track company performance

Employee Security, High Wages and Promotion from within are best practices within: Question 5Answer a. Building Competitive Advantage through People b. Leadership Strategy c. Staffing the Organization d. Strategic Management