Lote
MGMT FULLY COMPREHENSIVE COMPILATION BUNDLE
MGMT FULLY COMPREHENSIVE COMPILATION BUNDLE
[Mostrar más]MGMT FULLY COMPREHENSIVE COMPILATION BUNDLE
[Mostrar más]You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? 
Statutory, State, Criminal, and Public law is violated 
 
 
 
There are two major functions of the legal system. When you are sued in Court this is an example of what type of major function of ...
Vista previa 2 fuera de 13 páginas
Añadir al carritoYou get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? 
Statutory, State, Criminal, and Public law is violated 
 
 
 
There are two major functions of the legal system. When you are sued in Court this is an example of what type of major function of ...
Dispute resolution and Regulation 
the two major roles that law play in business 
 
 
 
Enforcement 
leads to: predictability, stability, and hopefully uniformity 
 
 
 
Law 
the collection of rules and regulations that determines how the government will treat its citizens and how the citizens will ...
Vista previa 3 fuera de 16 páginas
Añadir al carritoDispute resolution and Regulation 
the two major roles that law play in business 
 
 
 
Enforcement 
leads to: predictability, stability, and hopefully uniformity 
 
 
 
Law 
the collection of rules and regulations that determines how the government will treat its citizens and how the citizens will ...
Dispute Resolution Role 
"Judge Judy" Settles differences between two or more parties 
 
 
 
Regulatory Role 
Governmental interference with private business. Directs and standardizes business activities to improve society 
 
 
 
Enforcement of law leads to... 
Stability, Predictability, and Unifo...
Vista previa 4 fuera de 40 páginas
Añadir al carritoDispute Resolution Role 
"Judge Judy" Settles differences between two or more parties 
 
 
 
Regulatory Role 
Governmental interference with private business. Directs and standardizes business activities to improve society 
 
 
 
Enforcement of law leads to... 
Stability, Predictability, and Unifo...
Chapter 1 
Introduction to Law and Sources of Law 
 
 
 
You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? 
 
A) Statutory 
B) State 
C) Criminal 
D) Public 
E) All of the above 
E) All of the above 
 
 
 
There are two major functions of the l...
Vista previa 4 fuera de 61 páginas
Añadir al carritoChapter 1 
Introduction to Law and Sources of Law 
 
 
 
You get angry at your roommate and decide to kill him/her. If you do, what type of law have you violated? 
 
A) Statutory 
B) State 
C) Criminal 
D) Public 
E) All of the above 
E) All of the above 
 
 
 
There are two major functions of the l...
Is contract law statutory or common law? 
Usually common law 
Can vary state by state, but is becoming more uniform 
Can be supplemented by State statutes 
 
 
 
Two functions of contracts 
Dictate Performance 
Allocate Risk 
 
 
 
Contract law definition 
System of rules for enforcing promises and ...
Vista previa 3 fuera de 29 páginas
Añadir al carritoIs contract law statutory or common law? 
Usually common law 
Can vary state by state, but is becoming more uniform 
Can be supplemented by State statutes 
 
 
 
Two functions of contracts 
Dictate Performance 
Allocate Risk 
 
 
 
Contract law definition 
System of rules for enforcing promises and ...
secured preditor 
the collateral a creditor has, something of yours they can take away in case you do not pay 
 
 
 
what are the 4 types of liens 
artisan, workers, landlords, mechanic/contractor 
 
 
 
artisan lien 
until you pay, you don't get property back (think dry cleaning a wedding dress, y...
Vista previa 3 fuera de 17 páginas
Añadir al carritosecured preditor 
the collateral a creditor has, something of yours they can take away in case you do not pay 
 
 
 
what are the 4 types of liens 
artisan, workers, landlords, mechanic/contractor 
 
 
 
artisan lien 
until you pay, you don't get property back (think dry cleaning a wedding dress, y...
Preparing a budget for a business is considered 
A. financial accounting. 
B. managerial accounting. 
B. managerial accounting. 
(Management accounting provides information to people within an organization while financial accounting is mainly for those outside it, such as shareholders.) 
 
 
 
Accou...
Vista previa 3 fuera de 21 páginas
Añadir al carritoPreparing a budget for a business is considered 
A. financial accounting. 
B. managerial accounting. 
B. managerial accounting. 
(Management accounting provides information to people within an organization while financial accounting is mainly for those outside it, such as shareholders.) 
 
 
 
Accou...
Creditor 
A creditor is the party who extends the credit, also called lending institution. 
 
 
 
Debtor 
A debtor is the party who owes the debt, aka the consumer. 
 
 
 
Secured Creditor 
A secured creditor owns a security interest, which gives claim to specified property of the debtor. 
 
 
 
Col...
Vista previa 4 fuera de 38 páginas
Añadir al carritoCreditor 
A creditor is the party who extends the credit, also called lending institution. 
 
 
 
Debtor 
A debtor is the party who owes the debt, aka the consumer. 
 
 
 
Secured Creditor 
A secured creditor owns a security interest, which gives claim to specified property of the debtor. 
 
 
 
Col...
Preparing a budget for a business is considered 
A. financial accounting. 
B. managerial accounting 
B 
 
 
 
Accounting is the information system that 
A. measures business activities 
B. communicates the results to decision makers 
C. processes information into reports 
D. all of the above. 
D 
 
...
Vista previa 4 fuera de 39 páginas
Añadir al carritoPreparing a budget for a business is considered 
A. financial accounting. 
B. managerial accounting 
B 
 
 
 
Accounting is the information system that 
A. measures business activities 
B. communicates the results to decision makers 
C. processes information into reports 
D. all of the above. 
D 
 
...
state of nature 
symbol of anarchy, the condition before the rule of positive law comes into being 
 
 
 
4th amendment 
Protection from unreasonable search and seizure. Jacobsen v. Seattle, US v. skip worth 
 
 
 
Jacobsen v. Seattle (1983) 
decided that there were exceptions to the search warrant ...
Vista previa 3 fuera de 28 páginas
Añadir al carritostate of nature 
symbol of anarchy, the condition before the rule of positive law comes into being 
 
 
 
4th amendment 
Protection from unreasonable search and seizure. Jacobsen v. Seattle, US v. skip worth 
 
 
 
Jacobsen v. Seattle (1983) 
decided that there were exceptions to the search warrant ...
Woodcrest, Inc. borrowed $50,000 from a local bank and signed a promissory note. What entry should Woodcrest record? 
Debit Cash, $50,000; Credit Notes Payable, $50,000. 
 
 
 
We record interest expense in the period in which we pay it, rather than in the period we incur it 
False. 
Interest expens...
Vista previa 3 fuera de 16 páginas
Añadir al carritoWoodcrest, Inc. borrowed $50,000 from a local bank and signed a promissory note. What entry should Woodcrest record? 
Debit Cash, $50,000; Credit Notes Payable, $50,000. 
 
 
 
We record interest expense in the period in which we pay it, rather than in the period we incur it 
False. 
Interest expens...
Identify the likely disadvantages of extending credit to customers 
 
A. Lower profitability 
B. Lower revenues 
C. Delay or failure to collect cash 
D. All of the other answers are disadvantages of extending credit to customers 
C. Delay or failure to collect cash 
 
 
 
A sales allowance is record...
Vista previa 3 fuera de 27 páginas
Añadir al carritoIdentify the likely disadvantages of extending credit to customers 
 
A. Lower profitability 
B. Lower revenues 
C. Delay or failure to collect cash 
D. All of the other answers are disadvantages of extending credit to customers 
C. Delay or failure to collect cash 
 
 
 
A sales allowance is record...
One can obtain a clear picture of a company's liquidity 
by referring to its 
A. Balance Sheet. 
B. Income Statement 
A. Balance Sheet 
 
(liquidity refers to assets / cash, while income statement only deals with revenues, expenses, and profits) 
 
 
The advantages of obtaining funds by issuing deb...
Vista previa 3 fuera de 29 páginas
Añadir al carritoOne can obtain a clear picture of a company's liquidity 
by referring to its 
A. Balance Sheet. 
B. Income Statement 
A. Balance Sheet 
 
(liquidity refers to assets / cash, while income statement only deals with revenues, expenses, and profits) 
 
 
The advantages of obtaining funds by issuing deb...
Reformation 
-change the terms of a writing (contract/deed) 
 
 
Legal Philosophy 
how judges apply law to disputes 
 
 
Naturalist School 
-God given right 
-an unjust law is no law at all 
-more inclined to change 
 
 
Positivist School 
-law of the land 
-the written law of a society at a given t...
Vista previa 2 fuera de 7 páginas
Añadir al carritoReformation 
-change the terms of a writing (contract/deed) 
 
 
Legal Philosophy 
how judges apply law to disputes 
 
 
Naturalist School 
-God given right 
-an unjust law is no law at all 
-more inclined to change 
 
 
Positivist School 
-law of the land 
-the written law of a society at a given t...
1. Which of the following is the best example of public law? 
A. A car accident that happened before class at Cal State Fullerton. 
B. A state statute that requires a marriage to be only one man and one woman. 
C. A dispute as to the interpretation of an insurance policy. 
D. A contract you signed i...
Vista previa 3 fuera de 17 páginas
Añadir al carrito1. Which of the following is the best example of public law? 
A. A car accident that happened before class at Cal State Fullerton. 
B. A state statute that requires a marriage to be only one man and one woman. 
C. A dispute as to the interpretation of an insurance policy. 
D. A contract you signed i...
Unilateral Contract 
Contract based on one party's making a promise that calls for action. 
Ex: (Only one promise, Eg: Prof. Smith promising 6 hours of work for $100.) 
 
 
 
Bilateral Contract 
Contract based on both parties making promises to each other. 
 
 
 
Express Contract 
Contract is commu...
Vista previa 2 fuera de 13 páginas
Añadir al carritoUnilateral Contract 
Contract based on one party's making a promise that calls for action. 
Ex: (Only one promise, Eg: Prof. Smith promising 6 hours of work for $100.) 
 
 
 
Bilateral Contract 
Contract based on both parties making promises to each other. 
 
 
 
Express Contract 
Contract is commu...
Patel and Underwood were equal shareholders in a corporation called Trackfield, Inc. ("the corporation"). Patel was seriously injured in an accident and was in a coma for two years, so Underwood assumed all responsibility for operating the corporation. Underwood was not familiar with the legal req...
Vista previa 3 fuera de 21 páginas
Añadir al carritoPatel and Underwood were equal shareholders in a corporation called Trackfield, Inc. ("the corporation"). Patel was seriously injured in an accident and was in a coma for two years, so Underwood assumed all responsibility for operating the corporation. Underwood was not familiar with the legal req...
The legal environment 
includes the 
 
court system, 
 
administrative agencies, 
 
alternatives to litigation, 
 
the laws and legal systems of other nations 
 
 
 
Constitutional Law 
The U.S. Constitution is the Supreme Law of the land 
 
 
 
Statutory Law 
Enacted by legislative bodies 
 
Includ...
Vista previa 2 fuera de 15 páginas
Añadir al carritoThe legal environment 
includes the 
 
court system, 
 
administrative agencies, 
 
alternatives to litigation, 
 
the laws and legal systems of other nations 
 
 
 
Constitutional Law 
The U.S. Constitution is the Supreme Law of the land 
 
 
 
Statutory Law 
Enacted by legislative bodies 
 
Includ...
1. Andres and Bernardo signed a contract which required Andres to loan $20,000.00 to Bernardo which Bernardo agreed to repay by making payments of $500/month for 80 months. Andres made the $20,000.00 loan to Bernardo who made five of the $500.00 loan payments to Andres before Andres gave notice that...
Vista previa 3 fuera de 19 páginas
Añadir al carrito1. Andres and Bernardo signed a contract which required Andres to loan $20,000.00 to Bernardo which Bernardo agreed to repay by making payments of $500/month for 80 months. Andres made the $20,000.00 loan to Bernardo who made five of the $500.00 loan payments to Andres before Andres gave notice that...
1st Amendment 
Freedom of Religion, Speech, Press, Assembly, and Petition 
 
 
 
2nd Amendment 
Right to bear arms 
 
 
 
3rd Amendment 
No quartering of soldiers. Needs permission and consent to go to a persons house. 
 
 
 
4th Amendment 
Freedom from unreasonable searches and seizures 
 
 
 
5th ...
Vista previa 2 fuera de 7 páginas
Añadir al carrito1st Amendment 
Freedom of Religion, Speech, Press, Assembly, and Petition 
 
 
 
2nd Amendment 
Right to bear arms 
 
 
 
3rd Amendment 
No quartering of soldiers. Needs permission and consent to go to a persons house. 
 
 
 
4th Amendment 
Freedom from unreasonable searches and seizures 
 
 
 
5th ...
1x vendido
Doctrine of Legislative Supremacy 
statutory law prevails if conflict arises with common law 
 
 
 
What is the supreme law of the land? 
The Constitution 
 
 
 
Who has authority to declare act of congress unconstitutional? 
Federal Courts 
 
 
 
Warrantless Searches 
certain administrative searche...
Vista previa 2 fuera de 13 páginas
Añadir al carritoDoctrine of Legislative Supremacy 
statutory law prevails if conflict arises with common law 
 
 
 
What is the supreme law of the land? 
The Constitution 
 
 
 
Who has authority to declare act of congress unconstitutional? 
Federal Courts 
 
 
 
Warrantless Searches 
certain administrative searche...
Environmental change 
Rate at which a company general and specific environments change 
 
 
 
stable environment 
rate of change is slow 
 
 
 
dynamic environment 
rate of change is fast 
 
 
 
punctuated equilibrium theory 
Companies go through long periods of stability followed by short periods o...
Vista previa 1 fuera de 2 páginas
Añadir al carritoEnvironmental change 
Rate at which a company general and specific environments change 
 
 
 
stable environment 
rate of change is slow 
 
 
 
dynamic environment 
rate of change is fast 
 
 
 
punctuated equilibrium theory 
Companies go through long periods of stability followed by short periods o...
Manager's functions 
planning 
organizing 
controlling 
leading 
 
 
 
Planning 
defining goals and strategies 
 
 
 
Organizing 
distributing tasks 
 
 
 
Controlling 
monitoring activities and make corrections 
 
 
 
Leading 
motivating 
directing 
selective most effective form of communication 
...
Vista previa 2 fuera de 15 páginas
Añadir al carritoManager's functions 
planning 
organizing 
controlling 
leading 
 
 
 
Planning 
defining goals and strategies 
 
 
 
Organizing 
distributing tasks 
 
 
 
Controlling 
monitoring activities and make corrections 
 
 
 
Leading 
motivating 
directing 
selective most effective form of communication 
...
Power 
a capacity one person has to influence the behavior of another person so that the other person acts in the way they want them to 
 
 
 
Who has power? 
Everyone has some level of power 
 
 
 
5 bases of power 
1. reward power 
2. coercive power 
3. legitimate power 
4. expert power 
5. refere...
Vista previa 3 fuera de 24 páginas
Añadir al carritoPower 
a capacity one person has to influence the behavior of another person so that the other person acts in the way they want them to 
 
 
 
Who has power? 
Everyone has some level of power 
 
 
 
5 bases of power 
1. reward power 
2. coercive power 
3. legitimate power 
4. expert power 
5. refere...
Manager's functions 
planning 
organizing 
controlling 
leading 
 
 
 
Planning 
defining goals and strategies 
 
 
 
Organizing 
distributing tasks 
 
 
 
Controlling 
monitoring activities and make corrections 
 
 
 
Leading 
motivating 
directing 
selective most effective form of communication 
...
Vista previa 2 fuera de 15 páginas
Añadir al carritoManager's functions 
planning 
organizing 
controlling 
leading 
 
 
 
Planning 
defining goals and strategies 
 
 
 
Organizing 
distributing tasks 
 
 
 
Controlling 
monitoring activities and make corrections 
 
 
 
Leading 
motivating 
directing 
selective most effective form of communication 
...
Organizational Culture 
the basic assumptions and beliefs shared by members of an organization, which defines an organization's view of itself 
 
 
 
Work Flow 
is the way work is organized to meet the organization's production or service goals 
 
 
 
Decentralization 
is the transfer of responsib...
Vista previa 2 fuera de 8 páginas
Añadir al carritoOrganizational Culture 
the basic assumptions and beliefs shared by members of an organization, which defines an organization's view of itself 
 
 
 
Work Flow 
is the way work is organized to meet the organization's production or service goals 
 
 
 
Decentralization 
is the transfer of responsib...
Strengths and weaknesses are ________ to the organization. 
Select one: 
a. internal and/or external factors 
b. factors not belonging 
c. external factors 
d. internal factors 
d 
 
 
 
To convince lenders and investors to put their money into the venture, a business plan must prove to them that it...
Vista previa 4 fuera de 68 páginas
Añadir al carritoStrengths and weaknesses are ________ to the organization. 
Select one: 
a. internal and/or external factors 
b. factors not belonging 
c. external factors 
d. internal factors 
d 
 
 
 
To convince lenders and investors to put their money into the venture, a business plan must prove to them that it...
Ethics of Intuition 
-Individuals rely on their personal insights, feelings, and instincts when facing a difficult problem 
 
-"Sleep-test ethics" 
 
-People rely on their gut 
 
 
 
Potential Problems With Ethics of Intuition 
Decisions based on feelings and not facts 
 
 
 
The Manager's Practi...
Vista previa 3 fuera de 25 páginas
Añadir al carritoEthics of Intuition 
-Individuals rely on their personal insights, feelings, and instincts when facing a difficult problem 
 
-"Sleep-test ethics" 
 
-People rely on their gut 
 
 
 
Potential Problems With Ethics of Intuition 
Decisions based on feelings and not facts 
 
 
 
The Manager's Practi...
Ethics of Intuition 
-Individuals rely on their personal insights, feelings, and instincts when facing a difficult problem 
 
-"Sleep-test ethics" 
 
-People rely on their gut 
 
 
 
Potential Problems With Ethics of Intuition 
Decisions based on feelings and not facts 
 
 
 
The Manager's Practi...
Vista previa 3 fuera de 25 páginas
Añadir al carritoEthics of Intuition 
-Individuals rely on their personal insights, feelings, and instincts when facing a difficult problem 
 
-"Sleep-test ethics" 
 
-People rely on their gut 
 
 
 
Potential Problems With Ethics of Intuition 
Decisions based on feelings and not facts 
 
 
 
The Manager's Practi...
contextual intelligence 
The ability to understand the impact of environmental factors on a firm and the ability to understand how to influence those same factors. 
 
 
 
management 
The act of working with and through a group of people to accomplish a desired goal or objective in an efficient and e...
Vista previa 2 fuera de 12 páginas
Añadir al carritocontextual intelligence 
The ability to understand the impact of environmental factors on a firm and the ability to understand how to influence those same factors. 
 
 
 
management 
The act of working with and through a group of people to accomplish a desired goal or objective in an efficient and e...
business environment 
The combination of all contextual forces and elements in the external and internal environments of a firm. 
 
 
 
Leadership 
The ability to drive change and innovation through inspiration and motivation 
 
 
 
The Pillars of Management 
1. Strategic Position 
2. Organizational...
Vista previa 2 fuera de 15 páginas
Añadir al carritobusiness environment 
The combination of all contextual forces and elements in the external and internal environments of a firm. 
 
 
 
Leadership 
The ability to drive change and innovation through inspiration and motivation 
 
 
 
The Pillars of Management 
1. Strategic Position 
2. Organizational...
Business is all about what? 
Results and achieving them the right way 
 
 
 
What is the Global Business System? 
Business is a global system of interdependent and interconnected parts 
 
 
 
Every job in some way is related to what 4 financial measures? 
- How is Revenue impacted? 
- How is Cost im...
Vista previa 3 fuera de 20 páginas
Añadir al carritoBusiness is all about what? 
Results and achieving them the right way 
 
 
 
What is the Global Business System? 
Business is a global system of interdependent and interconnected parts 
 
 
 
Every job in some way is related to what 4 financial measures? 
- How is Revenue impacted? 
- How is Cost im...
Organizational Design 
The formal systems, levers, and decisions an organization adopts or employs in pursuit of its strategy. 
 
 
 
Organizational design decisions 
How will jobs be divided and how much much autonomy will be allowed throughout the organization? 
Should jobs be formalized, structur...
Vista previa 3 fuera de 18 páginas
Añadir al carritoOrganizational Design 
The formal systems, levers, and decisions an organization adopts or employs in pursuit of its strategy. 
 
 
 
Organizational design decisions 
How will jobs be divided and how much much autonomy will be allowed throughout the organization? 
Should jobs be formalized, structur...
Organizational Design 
The formal systems, levers, and decisions an organization adopts or employs in pursuit of its strategy. 
 
 
 
Division of Labor 
The manner in which work in a firm is divided among employees 
 
 
 
Vertical Specialization 
How much an employee creates, executes, and administe...
Vista previa 2 fuera de 12 páginas
Añadir al carritoOrganizational Design 
The formal systems, levers, and decisions an organization adopts or employs in pursuit of its strategy. 
 
 
 
Division of Labor 
The manner in which work in a firm is divided among employees 
 
 
 
Vertical Specialization 
How much an employee creates, executes, and administe...
Great Man Theory 
A theory of leadership that explained leadership by examining the traits and characteristics of individuals considered to be historically great leaders. 
 
 
 
Trait-based Leadership Theory 
A theory of leadership that tries to reveal a set of universal traits and skills that are r...
Vista previa 3 fuera de 17 páginas
Añadir al carritoGreat Man Theory 
A theory of leadership that explained leadership by examining the traits and characteristics of individuals considered to be historically great leaders. 
 
 
 
Trait-based Leadership Theory 
A theory of leadership that tries to reveal a set of universal traits and skills that are r...
"Great Man" theory 
explained leadership by examining the traits and characteristics of individuals considered to be historically great leaders 
 
 
 
Acquired needs theory 
Individuals are driven or motivated by three types of needs: 
1) Need for Achievement 
2) Need for Affiliation 
3) Need for ...
Vista previa 3 fuera de 18 páginas
Añadir al carrito"Great Man" theory 
explained leadership by examining the traits and characteristics of individuals considered to be historically great leaders 
 
 
 
Acquired needs theory 
Individuals are driven or motivated by three types of needs: 
1) Need for Achievement 
2) Need for Affiliation 
3) Need for ...
Management 
getting work done through others 
 
 
 
Organizational Strategy 
A corporate-level strategy that addresses the question "What business are we in?" and unites all parts of the organization. 
 
 
 
-Recognize threats and opportunities 
-Lead and organize resources to effectively compete ...
Vista previa 3 fuera de 24 páginas
Añadir al carritoManagement 
getting work done through others 
 
 
 
Organizational Strategy 
A corporate-level strategy that addresses the question "What business are we in?" and unites all parts of the organization. 
 
 
 
-Recognize threats and opportunities 
-Lead and organize resources to effectively compete ...
Three Components of developing business Strategy 
Who: Customers 
What: Products and Services 
How: Process/approach 
 
help firm choose between low cost differentiation, focused or combination 
 
 
 
Porter's 5 Forces Model 
Provides a framework to assess an industry's long-run profit potential a...
Vista previa 2 fuera de 7 páginas
Añadir al carritoThree Components of developing business Strategy 
Who: Customers 
What: Products and Services 
How: Process/approach 
 
help firm choose between low cost differentiation, focused or combination 
 
 
 
Porter's 5 Forces Model 
Provides a framework to assess an industry's long-run profit potential a...
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Stuvia is a marketplace, so you are not buying this document from us, but from seller GUARANTEEDSUCCESS. Stuvia facilitates payment to the seller.
No, you only buy this summary for $52.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now