System: Two or more interrelated components that interact to achieve a goal, often composed of subsystems that support
the large amount.
Goal conflict: When a subsystems goals are inconsistent with the goals of another subsystem or the system as a whole.
Chapter 15: Genuiness of Assent
If both parties are mistaken about material fact, either may rescind.
-Mistake of fact makes a contract voidable.
If only one is mistaken (unilateral), rescission is not allowed. *
*Exception: If 1 is mistaken, and
Contract: An agreement that the court will enforce
Law that govern contracts
Common law (past court decisions)
Uniform Commercial Code (UCC)
Sale and lease of goods
Objective theory of contracts
Offeror is the par
January 12, 2015
Exercise: Chapter 1
1. Planning Function
2. Organizing Function
3. Leading Function
4. Organizing Function
5. Leading Function
6. Controlling Function
7. Planning Function
-Globalization - Refers to the processes by which goods, services, capital, people, information, & ideas flow across national borders.
-Components of a Country Market Assessment
Economic analysis using metric
o General economic environment
o Market size
(1) A firms target markets
(2) A related marketing mix-its four Ps
Product Value Creation
Price Value Capture
Place Value Delivery
Promotion Value Communication
(3) The bases on which the firm plans to build a sustainable competitive adva
December 10, 2015
Treaty of Guadalupe Hidalgo
The reason why millions of Americans are not using safer alternatives is often
because it cost more t
Major transformations in Networks
Wireless data video
Software- defined platforms
Big Data: Cloud computing, Fog computing
Predicting the future with high accuracy.
Convergence: Ethernet & IP. Using one platform for
Computers and digital devices are becoming integral to conducting business
Which also makes them a target of attack
Devices needs to be secured
Networks that computers and devices use should also be secured
Confidentiality restrict acc
-Ethics the set of moral principles or values that defines right and wrong for a person or group.
-Ethical behavior behavior that conforms to a societys accepted principles of right and wrong.
-Sources of Code of Ethics: Societal Ethics, Occupational Ethi