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Assignment 7 - EL5732

TX-Principles of Business/Marketing and Finance A

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Elias Jagoda
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840 views2 pages

Assignment 7 - EL5732

TX-Principles of Business/Marketing and Finance A

Uploaded by

Elias Jagoda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment 7

(20 points)
Assignment 7: Business and Society
Instructions

Save this file in your course folder, and name it with Assignment, the section number, and your
first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be
named Assignment1JRobinson.

Type the answers to the assignment questions below. Use complete sentences unless the
question says otherwise. You will have more than one day to complete an assignment. At the
end of each day, be sure to save your progress.

Review Lesson 4 of the Course Overview for instructions about turning in your assignments.

Assignment Questions

In Section 7, you learned about business and society. Now, you'll apply what you
learned.

1. Describe at least one global trend that you think offers a business opportunity in
the global marketplace. (1-5 sentences. 2.0 points)

Some other Global trend are banking structure, sustainable and clean energy etc.
They help to shape the new global economic era. This trend is referred to as a
worldwide development or change in a situation that affects many countries of the
world.

2. Describe at least three risks a company might face if it participates in global trade.
(1-3 sentences. 3.0 points)

Exchange rate risk refers to the uncertainty affecting the groups due to the
depreciation of involved traders. The political risk or changes in government
strategies can make a severe impact on the global trading. Shipping risk is one of
the most significant risks if a trader wants to go global.

3. Describe the purpose of the SEC. (1-4 sentences. 2.0 points)

The Securities and Exchange Commission (SEC) is a federal body tasked with
safeguarding investors from fraud and ensuring the market's fairness and efficiency
in the United States.

4. Go to the EPA Web site and learn about one of the environmental laws that may
affect businesses. Explain the law and how it might affect a business. (1-4
sentences. 3.0 points)

For example, let's take the 33 U.S.C. 1251 et seq. (1972) law, known as the Clean
Water Act. It's main concern is the regulation of pollutants and general quality
standards of the US water supply. Most factories and companies have to use water
in the process, or are lured to discard waste in the running waters.
5. Choose a popular franchise, and visit the company's Web site to learn about its
franchising policies. List at least three things you learned, such as costs franchisees
must pay, or other rules or requirements. (1-3 sentences. 3.0 points) TIP: Popular
franchises include McDonalds®, SUBWAY®, Dunkin' Donuts®, Cold Stone
Creamery®, 7-Eleven®, Days Inn®, Great Clips®, Molly Maid®, and many more.

I chose Subway here are the 3 things i learned. it costs around U$105,800 -
$393,600 to open a franchise, U$15000 being the franchise cost itself. It offers
exceptional growth, higher than the market average, where 70% of new franchises
are purchased by existing owners, giving its success. One last thing is that it is
possible to choose between two types of franchise stores: a traditional one, the one
you see at a street or shopping mall, and a non-traditional, the one you see at
airports, college, amongst others.

6. Describe a real or made up example of a contract that includes consideration. (1-5


sentences. 2.0 points)

Renting a place to use for your sales business. You rent the place for a certain period
of time (Let's say one year) and for a settled amount of money. In form of a lease, is
stated and stipulated what that amount of money includes (let's say just the place)
and what it doesn't include (energy and water bill) as well as the rules for using and
living in the place.

7. Describe a real or made up example of the tort of interference. (1-5 sentences. 2.0
points)

if a person accuses a company of manufacturing a medicine that is having harmful


side effects without having any evidence for this.

8. Describe a real or made-up but possible example of a situation where an


employee faces a conflict of interest. Explain at least two things the company could
do to help make sure the employee won't be tempted into unethical behavior by that
conflict of interest. (3.0 points)

One conflict of interest an employee could face might be self-dealing, whereby a


member of the organization uses their involvement in the organization for their own
financial gain. The way to deal with this situation is to prevent any employee of the
organization from being directly involved in awarding any contract or entering into
any agreement for services or products from a company in which they are involved.

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