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Mostrando las entradas de julio, 2021

Legal Factors

What is Organizational Law?  It is to create a legal environment in the company where every action that the company makes is within the rules of the laws without breaching them and keep updated as to the change of laws. What does Employment Law refer to? To the laws that exist around the protection of the integrity of the workers in each company. As of the data that it possesses of them as to offer safe facilities to exercise the work that is assigned to them. How are Consumer laws defined?  It is the norms that each product that is consumed must comply with and guarantee the quality with which it was manufactured. For example in Mexico there is the PROFECO that is in charge of consumer rights and there we can denounce companies or businesses that give us a product in bad condition, when the company guaranteed its quality. What is Securities Law?  It is the laws of regulations governing the financial background of the company or shares, and based on the laws the co...

Introduction to Accounting

Why do you think accounting is seen as boring? Explain.  Because it requires people to handle specific data and numbers of a company in order to make decisions that benefit the company, and it is not an easy task to do so when it is a company with financial or fiscal problems, so it requires patience and discretion from those who perform this work. Which of the jobs mentioned would be most interesting for you? Give your reasons.  Consulting, because you would not only be working with one person, and as long as you maintain the discretion and organization to be able to handle people's information as well as maintain a strong character to face every problem you see in the client. Why is it so important for accountants to be ethical? Explain in detail.  It is essential that they have the necessary ethics to handle the data of a company or person who needs their work because the data they handle can be large sums of money and they should only know about it, without telli...

Integrated Business Planning

  What is “Integrated Business Planning” (IBP)?  It is the creation of a strategy and implementing it in a company for the purpose of business planning and Sales & Operations Planning (S&OP). What is “Sales and Operations Planning” (S&OP)?  Sales & Operations Planning (S&OP) is the process by which we bring together all the plans for the business (Customers, Sales, Marketing, Development, Manufacturing, Sourcing, and Financial) into one integrated set of tactical plans. S&OP gives management the ability to direct its business to achieve a sustainable competitive advantage.  What are the similarities between IBP and S&OP? Mention and describe them. Monthly process Cross-functional approach Driven by business strategy Tactical planning at an aggregated level What are the differences between IBP and S&OP? Mention and describe them. Financial function involved Integration financial planning cycle, like financial budget and forecast From vo...

INFORMATION TECHNOLOGY & COMMUNICATION

  INFORMATION TECHNOLOGY & COMMUNICATION What is Managing information within and outside the organization?  The directors of the companies are those who must be updated with what happens inside and outside the company and on the basis of it to take decisions that are beneficial for the company. What is the importance of it?   The relevance it imposes is high and frequent use of email and internet among people working in a company makes communication easier. What are the new technologies that companies have to manage for communications  purposes?  Private information services Fiber optics spreadsheets Computers Describe the role of technological discoveries throughout history. The advances that have improved to create new products, as well as to make efficient the work that was done manually to be done by computers in much less time is easy to notice the advantages that for human beings has brought to use technology in their favor, improving it at the pace o...

Quality Management. Exercise 12

  Task 1 Quality Management  What is Quality Management?  Quality management brings together a set of actions and procedures that seek to safeguard the quality, not of the products obtained in themselves, but of the process by which these products are obtained. What is the objective of Quality Management? The management of quality has the objective of avoiding possible mistakes or deviations in the production process and in the products or services offered by the company.  Which are the key components of Quality management? Describe in detail each one. 1.Scope- the scope of information in the company 2. Normative References-the rules that exist within the company. 3.Terms and Definitions-what everyone in the company needs to know. 4. Context of the Organisation-knowledge that the company's employees should have about the company. 5. Leadership - it is necessary to be able to lead people at the same pace even if they are from different departments. 6. Planning - taki...

Resource Management. Exercise 11

  Task 1 Resource Management study guide questions.  1.What is Resource Management?  Resource management is what companies use to improve profitability and use labor that is at the level the company needs. In this way, they are able to plan and schedule future events for the projects that the company develops. 2.Mention what is the importance of Resource Management in business.  The importance of resource management is practically based on the capital (human, financial, economic, etc.) that the company uses to maximize its utility and that is serving to position or lead the company to the presence we want to have in the market. 3.What are the Concepts and Components of Resource Management?  Define them in detailed. Resource scheduling It is to identify and allocate the resources that will be needed in a given time and the tasks that will be performed in different areas of the company.     2. Resource utilization Resource utilization is measur...

Human Resources. Exercise 10

  Task 1 Human Resources  Define Human resources.  Human resources are the set of people who make up the workfor ce of an organization. What is the role of human resources? Define in detail.  Human resources (HR) is the division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs. HR plays a key role in helping companies deal with a fast-changing business environment and a greater demand for quality employees. What is Capital?  Capital is a broad word that can describe anything that confers value or benefit to its owner, such as a factory and its machinery, intellectual property such as patents, or the financial assets of a company or an individual.  In your opinion, is human resources necessary? Explain. Yes, they are the main step in a company, since the performance of the people who join the company and the direction the company will take in the future depend ...