Subject: Business 41-50.Clint is very fond in cooking and has a taste and skill of a chef. He would like to go into a restaurant business forhimself but he needs some money to get started. With that, his parents offer to help him get his feet on theground and start his own business. They agree to invest in his business; however, they don't want to be invoOvein any part of the business, they are just helping their son. Clint asks for your advice on how to organize Hisbusiness. What business form would suit best to Clint needs? Why? What are the advantages of this businessform?

An entrepreneur is a person who starts a business entity with the conception of new ideas with a…

Answered: Clint is very fond in cooking and has a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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QUESTION TWOAccording to some analysts, asset-liability management (ALM) is the lifeblood of financialinstitutions. Without it, financial institutions may be exposed to significant risks both duringnormal operations and times of financial crisis.REQUIRED:What is the significance of asset-liability management?
Question Explain the relation between ethics and financial statement fraud by giving examples.
QUESTION 3 a. There are various models and techniques which one can use to analyse the environment within which a business operates. The most commonly used ones are PESTEL and SWOT Analysis. Describe how the SWOT Analysis works in relation to a company’s decision making.
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QUESTION 4 When selecting employees who will be laid off in a reduction in force (RIF), O employers should select only the oldest employees employers may not lay off all workers from a single location seniority is an acceptable method of making he decision O subjective performance evaluations such as ranking are a good basis for the decision QUESTION 5 An employer's explanation for an employee's termination is deemed to be a pretext if: a better decision could have been made the reason is ill-considered O the reason has no basis in fact a different decision would been made by the court
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Question 1- Foundations of Management Sample question: Explain the nature and practice of management. What type of manager would you be? And what type of corporate social responsibility would you incorporate into our company? Topics: Classical management, Behavioural management, Modern management, Social responsibility.
Question: A. Business Continuity Planning (BCP) is the process of creating a system of prevention and recovery from potential threats to a company. The plan ensures that personnel and assets are protected and can function quickly in the event of a disaster. In that regard, illustrate theimportance of having a Business Continuity Plan. Also, explain the downsides of not having one, as well. B. In prevention and recovery from potential threats to the IT of a company, the same will be known as Disaster Recovery Plan (DRP). DRP is a formal document created by an organization that contains detailed instructions on how to respond to unplanned incidents such as natural disasters, Human-made disasters, and system failures. It contains strategies on minimizing the effects of a disaster on the information technology (IT) of an organization to continue to operate or quickly resume key operations. As an IS auditor conducting an audit of DRP, identify and explain the following procedures that…
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