Business Essentials 9th Edition Ronald J. Ebert, Ricky W. Griffin - Solutions

Unlock the full potential of "Business Essentials 9th Edition" by Ronald J. Ebert and Ricky W. Griffin with our comprehensive online solutions. Our answers key provides detailed solutions, making it easier for you to understand complex concepts. Access the solutions manual and solutions PDF for solved problems and step-by-step answers. Whether you're looking for a test bank, chapter solutions, or an instructor manual, we've got you covered. Explore textbook questions and answers with ease. Enjoy the convenience of a free download to enhance your learning experience and master the essentials of business today.

Labor is usually referred to as human resources. Aside from physical work, what else does this include?
What are the laws of demand and supply and what do these two laws affect?
When output grows more quickly than population, what are the things that usually occur?QUeStIoNS foR ANALySIS
Identify and describe the features of a domestic environment and why it is so important to a business organization.
Give an example of a monopoly and suggest business circumstances in which they are present (in a natural monopoly and how it would otherwise be wasteful if there was competition).
Visit a local shopping mall or shopping area. List each store that you see and determine what degree of competition it faces in its immediate environment. For example, if only one store in the mall sells shoes, that store represents a “local” monopoly. Note businesses that have direct
Have each team member work individually to identify at least three trends in the external environment that will create business opportunities. Come together as a group and create a master list of trends.
Which trend do you think creates the greatest opportunity for success? Why?
Identify a product, either a good or a service, that will take advantage of this opportunity. Although you will refine this throughout the semester, write a four- to sixsentence description of your product and how it will spark buyer interest.
Who is your competition for this product, either direct competition or substitute products?
Develop specific pricing strategies based on each of the following situations:• A month after introducing the promotion, the competitor increases their daily average price to $13.50• Two of the other concessions launch a joint venture promotion offering the same deal as the competitor, only
Discuss the role that various promotions other than price might play in affecting demand and supply in this market.
How can a company compete on a non-price basis and still retain or grow market share?
What has happened to gasoline prices since the beginning of 2015? You can find monthly average price data from the U.S. Energy Information Administration at www.eia.gov.
What economic indicators are most directly affected by energy prices?
Identify the external environments of business that will affect the success or failure of Apple’s iTunes Radio.
What factors will influence the demand for iTunes Radio?
In terms of degrees of competition, how would you describe the market for Internet radio? Do you think that this will change in the next five years? If so, how?
To customize your listening experience, Internet radio services collect data on your listening habits. Are you comfortable with this use of “big data”? Why or why not?
Do you think that Apple will be successful in this new venture? Do you think that it was a wise decision for them to enter the already crowded market?
Describe the key benefits of businesses. What are the advantages to an economy of having a healthy business climate? Are business profits beneficial to individuals, groups and countries? Are businesses generally good or bad for countries and economies? Be sure to support your conclusion.
Stakeholders in businesses often look to economic indicators to determine the health of the economy. These indicators affect the way these stakeholders react to the current economic environment. Choose two economic indicators. Explain how each indicator is important to measuring the health of an
Discuss the impacts information technology has had on the business world.
Identify the IT resources businesses have at their disposal and how these resources are used.
Describe the role of information systems, the different types of information systems, and how businesses use such systems.
Identify the threats and risks information technology poses on businesses.
Describe the ways in which businesses protect themselves from the threats and risks information technology poses.
Think about recent spam e-mails you’ve seen on PCs, and scam messages received via cell phone or smartphone. What kinds of information were the intruders seeking?
Continuing with the above question, were you able to identify the e-mails and messages to be “scams” before opening them, or was it later after they were opened that you discovered their real contents?
In what ways might the “opened” message from a scammer be harmful to you?To your IT devices and systems?
What steps can you take (or have you taken) to protect against such intrusions?What costs would be involved for gaining that protection?
Consider the various IT systems you use daily. What kinds of protective devices do they have to protect against invasion by cyber pirates?
How can electronic conferencing increase a company’s productivity and efficiency?
Why do different users in an organization need different kinds of information from the information system?
Why have the BlackBerry® smartphones become a popular tool among business people?
What is the definition of intellectual property? List three examples of intellectual property.Questions for Analysis
Aside from the eBay example in this chapter, describe one or more ways that IT presents new business opportunities for small businesses.
Give three examples (other than those in this chapter) of how a company can become leaner and more efficient by adopting IT.Application Exercises
Describe the computer network at your school. Identify its components and system architecture. What features either promote or inhibit intrusions from hackers? What features either promote or inhibit intellectual property theft? What features either promote or inhibit computer viruses and spam?
Why is it important to learn how to use a search site’s Help function?
How has the web changed the nature of business research?
Given the factors in this situation, what, if any, ethical issues exist?
Would you adopt either of the two “possible solutions”listed above? Why or Why not?
If a friend was confronted with this same situation and asked your opinion, what advice would you offer?
Before hearing any of your group’s comments, and from the perspective of your assigned role, write down the ethical issues, if any, that you see in this situation.
Before hearing any of your group’s comments, what actions do you think your assigned role should have taken in this situation? Write down your recommended actions.
Gather your group together and reveal, in turn, each member’s comments and recommendations.
From an ethical standpoint, what does your group recommend Tracy do?
Understand how information technology has influenced business.
Describe how businesses use information technology to meet the needs of customers and support profitable operations.
Explain the risks, threats, and ethical concerns related to information technology.
The text discusses a number of ways that information technology has influenced business. Discuss how at least three of these relate to ZipCar.
What technologies allow ZipCar to operate?
What type of consumers do you think are most likely to use ZipCar?
How is ZipCar especially well suited to college students?
What are the ethical concerns related to ZipCar’s use of technology?
Explain the role of accountants and distinguish between the kinds of work done by public accountants, private accountants, management accountants, and forensic accountants.
Describe the three basic financial statements and show how they reflect the activity and financial condition of a business.
Describe how computing financial ratios can help users get more information from financial statements to determine the financial strengths of a business.
Discuss the role of ethics in accounting.
Describe the purpose of the International Accounting Standards Board and explain why it exists.
What factors do you think are most important in choosing among various methods to protect against fraud in your firm?
Suppose you are hoping for a career as a certified fraud examiner. How do recent trends in fraud provide new opportunities for such a career?
An external auditor, such as a CPA firm’s accountant, may suspect some irregularities in a client firm’s accounting practices. In what ways might a certified fraud examiner be of assistance?
Consider the anti-fraud training for a company’s employees. Which four (or more) topics should be included in that training?
What ethical issues, if any, are involved in a decision to investigate a suspected case of fraud in a firm’s accounting activities?
Explain how financial ratios allow managers to gain additional information from financial statements.Questions for Analysis
Suppose that you, as the manager of a company, are making changes to fully comply with provisions of the Sarbanes-Oxley Act. Your company traditionally has relied on CPA firms for auditing, tax services, and management services. What major changes will your company need to make?
Consider possible reasons why it is taking so long for IASB’s international accounting standards to become fully adopted for use in the United States. Using the Internet as your source for information, identify five or more barriers that have deterred implementation of the standards, and explain
Interview an accountant at a local firm. How does the firm use budgets? How does budgeting help managers plan business activities? How does budgeting help them control activities? Give examples.
Interview the manager of a local retailer, wholesale business, or manufacturing firm about the role of ethics in that company’s accounting practices. Is ethics in accounting an important issue to the manager? If the firm has its own private accountants, what measures are taken for ensuring
What consequences would your decision to adopt an electronic system have on others with whom you do business, including manufacturers of electronic processing equipment, the U.S. Postal Service, and banks?
What do you think of the AICPA’s ruling in this situation?What would you do if you were placed in the role of ethics representative for the AICPA?
Before hearing any of your group’s comments on this situation, and from the perspective of your assigned role, are any ethical issues confronting the head accountant in this situation? If so, write them down.
Return to your group and reveal ethical issues identified by each member. Were the issues the same among all roles or did differences in roles result in different issues?
Among the ethical issues that were identified, decide as a group which one is most important for the head accountant.Which is most important for Turbatron?
What does your group finally recommend be done to resolve the most important ethical issue(s)?
What steps do you think Turbatron might take in advance of such a situation to avoid any difficulties it now faces?
Understand the role of accounting and distinguish between financial and managerial accounting.
Describe the equation underlying the balance sheet and explain each of the components.
Explain the purpose of the income statement and the equation it represents.
Who are the potential users of POPS accounting information?
What is financial accounting? What types of reports are parts of the financial accounting function?
What is managerial accounting and how does it differ from financial accounting? How will managers at POPS use this information?
What is the basic equation underlying the balance sheet?Describe the major components of the balance sheet for POPS Diner.
What does the income statement reveal to users? Explain the major sections of the income statement for POPS Diner.
Define money and identify the different forms that it takes in the nation’s money supply.
Describe the different kinds of financial institutions that compose the U.S. financial system and explain the services they offer.
Explain how financial institutions create money and describe the means by which they are regulated.
Discuss the functions of the Federal Reserve System and describe the tools that it uses to control the money supply.
Identify three important ways in which the money and banking system is changing.
Discuss some of the institutions and activities in international banking and finance.
Under what economic conditions might you expect the Fed to raise interest rates? To lower them? Explain.
With continuing high unemployment, increasing numbers of home buyers are unable to meet home mortgage payments, forcing banks to either foreclose on these properties, or find other ways to handle non-payments on loans. What action would you propose instead of foreclosure? Identify the consequences
Suppose you are a businessperson planning to build a new facility in either the United States or the euro zone. How might your choice of where and when to build be influenced by monetary policies of the European Central Bank and the Fed?
Why do economically stressed countries with massive debt have difficulty borrowing outside money needed for economic recovery? Explain.
If banks are required to keep larger cushions of cash on hand rather than loaning out that money (as proposed in the Basel III Requirements), in what ways will the U.S. economy be affected?
What are the components of M-1 and M-2?
Describe the structure of the Federal Reserve System.
Show how the Fed uses the discount rate to manage inflation in the U.S. economy.Questions for Analysis

Showing 1500 - 1600 of 2956

First
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Last

Business Essentials 9th Edition Ronald J. Ebert, Ricky W. Griffin - Solutions

Step by Step Answers