Requirement – Need a paragraph for each with the reference
1) Many times we have a contract in front of us and we merely scan it and then sign it. Discuss what makes contracts difficult to read or comprehend. Next, identify and then explain the two most important elements of a contract that every manager should know about.
2) From the e-Activity, discuss whether or not a manager would likely need to have a complete picture of the UCC in the state in which he / she sells goods.
a) Go to the Uniform Commercial Code Locator, located athttp://www.law.cornell.edu/uniform/ucc.html, to read about the UCC from your state and one other state.
3) Create a list of five best practices that managers in most industries could take to protect the privacy of their employees and customers. Provide specific examples to support your response.
4) Describe where you see personal responsibility and accountability fitting into this chapter’s materials on product liability.
5) Explain the major advantages and disadvantages inherent in using both the cash and the accrual basis of accounting, and determine the one (1) that you believe provides the most useful financial information to users. Identify at least two (2) types of businesses that would benefit by preparing financial statements using either the cash or accrual basis of accounting.
6) Define the generally acceptable accounting principles that justify making adjusting entries, and speculate on the primary impact to investors and creditors if companies did not make adjusting entries until the end of the calendar or fiscal year.
7) Describe an experience of either sending or receiving a bad news message. If sending the message, identify the most difficult part in creating it. If receiving the message, explain the influence of how the message was written on your reaction.
