Legal factors affecting business

 Legal factors affecting business  

  

Student’s Name:   CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA

  

NUA:   116189

  

INSTRUCTIONS: After reading the introductory paragraph below, write a definition of each of the aspect mentioned. You can consult different sources, just remember to cite/reference them correctly. Avoid copy-paste and plagiarism by writing your own sentences or paraphrasing.  

 

When business companies operate, they expect to face different internal and external 

factors that can affect their organizational operativity. Among all these factors, legal ones might greatly influence business organizations and affect how a different companies operate. There are several legal factors that affect businesses in many forms, including laws and regulations on taxation, employment, contract, securities, immigration and many more. The law affects the way businesses operate. That is the reason why any business should have a clear understanding and knowledge of the legal environment in which business organizations have function because these factors may determine its success or failure. 

 

DEFINE IN DETAIL.   

  

What is Organizational Law?  

  Is in charge of guiding the activities inside and outside the organizations. Business activity is diverse and is a fundamental engine in the economies of countries and the world.

What does Employment Law refer to?  

  It is the set of rules that regulate the relationship between employers and workers. This set of laws addresses fundamental aspects of the employment relationship.  

  

How are Consumer laws defined?  

  Consumer laws protect consumers against defective goods or services. They also protect consumers from unfair business practices and misleading or false advertising. Consumer protection laws alert consumers to fraud and scams in certain industries. They also offer protection and compensation to consumers who are victims of these scams.

What is Securities Law?  

  The Securities Act of 1933 states that most securities offerings must be made through a registration process. Disclosures include publicly available information and prospectuses that are distributed to investors who wish to purchase the security.

What does Health and Safety at the Workplace refer to?  

  It is the discipline that deals with the prevention of injuries and illnesses caused by working conditions, and with the protection and promotion of workers' health.

What is Taxation?   

It is the set of taxes, fees and contributions that the tax legislation requires of them as a result of their economic activity.

 

 

 F. (2020, 3 febrero). What is Business Organization Law? Findlaw. https://www.findlaw.com/hirealawyer/choosing-the-right-lawyer/business-organization.html

 

 Activity adapted by Antonio Maldo

24 basic accounting

NAME CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA

NUA 116189

Answer these Questions in complete sentences

 

Why do you think accounting is seen as boring? Explain.

 

 Because we do not realize how varied the accounting world is, which has many areas, besides that it is a very important area in any organization.

 

 

 

 

Which of the jobs mentioned would be most interesting for you? Give your reasons.

 The most interesting for me is the payroll area, since I am currently working in that department. I consider it to be very interesting because personally I like to calculate the payroll, withdraw taxes, declare taxes to the SAT, accounting reconciliations

 

Why is it so important for accountants to be ethical? Explain in detail.  

It is very important that they are ethical people, because in us accountants trust and transparency are deposited, in addition, reliability about the financial information of the organization is sought

INTEGRATED BUSINESS PLANNING (IBP)

 

INTEGRATED BUSINESS PLANNING (IBP)                 

 

Student’s Name: CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA

 

 

NUA: 116189

 

 

Answer the following study guide questions.

What is “Integrated Business Planning” (IBP)?

 

It consists of synchronizing the commercial, financial and supply chain plans in a single comprehensive administrative process, considered best practice.

 

What is “Sales and Operations Planning” (S&OP)?

 

Is a monthly process that begins with sales forecasts and ends with quantified production plans, the results are related to the objectives of all areas.

 

 

What are the similarities between IBP and S&OP? Mention and describe them.

 

Organizations that use IBP / S & OP as their primary management process achieve significantly better results such as:.

Improvement in communication, creating an institutional channel through the person responsible for coordinating the process.

Better decision-making processes. The decision process is done with better information with less effort and in less time.

Better control - By having a dashboard that goes through the operational areas and includes the business results measurements.

Better coordination, the management of unique information and a formal communication channel positively impact the coordination of the company

 

 

What are the differences between IBP and S&OP? Mention and describe them.

 

The IBP begins with the financial forecast of the organization. As a tool to move the organization forward, it is completely different from S&OP, which originates in the supply chain and its main objective is to adjust production and sales.

 

 

How does the IBP process work? Describe in detail.

 

The IBP process considers a time horizon that ranges between 18 and 24 months, since it brings together strategic aspects of the business and includes the following steps:

 

Product management review: It focuses on the review of the life cycles of the products and the market strategy around each one of them and also includes their profitability.

Demand review: Your objective is to develop an unrestricted demand plan that incorporates financial elements such as the cost of serving different customers and channels.

Supply Review: Focuses on developing long-term capacity plans and short-term production requirements, as well as production and distribution costs.

Integrated reconciliation: Evaluates the scenarios proposed, as well as the financial impact of the agreements reached between the areas of marketing, sales and operations. A final agreement is also reached regarding the supply chain plan.

Business Review: This meeting seeks to present to the top management of the organization (general management level) the agreed plan and its financial effects on the business plan of the company.

What are the challenges of IBP?

 

Take Advantage of Supply Chain Collaboration

-Integrate business partners into the business plan

-Monitor, measure and modify supply chain activities continuously

Which are the most common difficulties/problems when implementing IBP? Mention them and provide examples.

 

Organizations do not have a defined direction, so they do not know where to go.

Clear parameters are lacking at the level of objectives and profitability to be achieved.

Being insufficiently developed, the strategy cannot be effectively communicated to all professionals in the company.

 

What are the advantages and disadvantages of IBP?

Advantages

Proactive and non-reactive organizations

- Establish a sense of direction

- Increased operational efficiency

-Increase market share and profitability

 

Disadvantages

-Application difficulties

-Time-consuming process

-High cost for small and medium businesses

 

What is the importance of IBP nowadays?

The main benefit of the IBP is centered in the integral vision of the business that is financially validated throughout the entire planning cycle. Such actions bring a set of advantages during their application:

 

Direction sense: Promotes a business review process with a horizon of 18 to 24 months that allows anticipation and integration into a single realistic plan, which includes both the strategic, tactical and operational vision.

Coordination: Requires the publication of a comprehensive plan that adapts to changes in the business to allow continuous improvement.

 

 

Logic, R. (2018). What’s the Difference between S&OP and IBP? Riverlogic. https://www.riverlogic.com/blog/whats-the-difference-between-sop-and-ibp

 

I. (2021b, octubre 31). What is integrated business planning (IBP)? Inchainge. https://inchainge.com/knowledge/alignment/ibp/

 

20 Business communication and Technology

 

NAME CHRISTOFER ALEJANDRO RODRIGUEZ ORTEGA
NUA 116189

INFORMATION TECHNOLOGY & COMMUNICATION

After watching the video, answer the following questions.

What is Managing information withing and outside the organization?

For a manager, he must know the information systems, know how to use special software for database management, this with the aim of improving processes and making the organizational part of the company more efficient, In addition, it can detect errors or prevent risks in administrative processes

 

 

What is the importance of it?

Detects errors, compares data, saves time, a single person can manage the system and increases confidence

 

 

What are the new technologies that companies have to manage for communications

purposes?

Email, this to carry out an organization and a good management of information.
Internet, this tool is fundamental for the search for information and implementation of new ideas for the Company
Use of video, electronic calls, company meeting via web, calendar

 

 

Describe the role of technological discoveries throughout history.

start with the printing press, then the radio, the cinema, telephone, computer, cell phone, internet, before they were large computers with little memory capacity, now the computer is small and very fast

 

 

What is the importance of technologies in the globalized business world?

That information systems are updated every day, today competition increases and has to be renewed and trained for new systems and Updates

 

 

 

Describe the use of the technologies in the communication field.

in a single application you can share all the necessary information, communicate with clients, talk, meet, organize events and an excellent organization

 

 

What are the Do’s and Don’ts of Electronic Communication?

use it responsibly, check inbox, reply to all emails, organize, manage emails, review and send information

Spam, poorly compose an email, do not check the inbox daily, do not answer emails, send confidential information

 

 

How have the Information & communication technologies changed the structure of

business organizations?

Generate information and send it quickly
how to organize information
video conferencing for meetings
The fluids of the dat are faster
gathers a large number of people in a virtual group
now everything is handled via mail
processes are more efficient

 

 

What are the legal and Ethical implications of the use of technologies? Explain the in

detail.

The information that is handled must be very careful, this can compromise the areas, people or customers, it is the responsibility of the person who handles give it a good use, take care of confidential information that may legally affect the company