1. Implied-in-fact contract: an implied-in-law contract, express contract, Quasi contract.
An implied-in-law contract is a contract that is formed in whole or in part from the conduct of
the parties. Certain requirements must be met for one to be formed a
1. With respect to fixed costs, CVP analysis assumes total fixed costs
a. per unit remain constant as volume changes.
b. remain constant from one period to the next.
vary directly with volume.
remain constant across changes in volume.
2. CVP ana
The way the Benetton Group decided to bring up its company was not as successful
compared to its rival groups. In the past, they were very successful due to their unique
marketing, but thats not all thats important in making a company successful. It can
Chapter 4: Activity-Based Management and Activity-Based Costing
Activity-based management (ABM) is a business process model focusing on the control of
production or performance activities so that they improve customer value and enhance
Chapter 3: Predetermined Overhead Rates, Flexible Budgets, and Absorption/Variable Costing
An alternative to actual costing is normal costing, which assigns actual direct materials and
direct labor to products but allocates manufacturing overhead to produ
Chapter 2: Cost Terminology and Cost Behavior
No product can be produced without the incurrence of costs for material, labor, and overhead.
Cost reflects the monetary measure of resources consumed to attain an objective such as making
a good or performing
Accounting Databases - Chapter 2 Checklist
1. Name a benefit received from using a database
One of the benefits of a database is that the information, such as your shipping address
for online purchases, can be stored and retrieved to be reused at a later
Chapter 1: Business and Its Legal Environment
Chapter 2: The Court System
Chapter 3: Alternative and Online Dispute Resolution
Chapter 5: Constitutional Law
Chapter 6: Administrative Law
Chapter 7: Criminal Law and Cyber Crime
Chapter 12: Torts and Cyber
Legal Research Session Part I assignment
1. How do you access the FIU library?
2. What are the steps to finding the list of library resources specific to Business
b. Go to
Legal Research Session Part II assignment
1. The basic form of an article found in a journal in APA format looks like this:
Author, A. A. (Year). Title of article. Title of Periodical, volume number(issue number),
Chapter 1: The Importance of MIS
How to attain job security? Learning four key skills is crucial
1. Abstract reasoning
2. Systems thinking
4. Ability to experiment
Management information systems (MIS) has three key elements
Chapter 1 Vocabulary
Abstract reasoning: the ability to make and manipulate models.
Collaboration: a group of people working together to achieve a common goal via a process of
feedback and iteration.
Computer hardware: electronic components and related ga
Chapter 1: An Introduction to Taxation and Understanding the Federal Tax Law
An income tax was first enacted in 1634 by the English colonists in the Massachusetts Bay
Colony, but the Federal government did not adopt this form of taxation until 1861.
BUL 4310 Final
Chapter 8: International Law in a Global Economy
International law attempts to reconcile the need of each country to be final authority over its own
affairs with the desire of nations to benefit economically from trade and harmonious relati
Chapter 14: Bonds and Long-Term Notes
A note payable and a note receivable are two sides of the same coin.
o A liability requires the future payment of cash in specified (or estimated) amounts, at
specified (or projected) dates. As time passes, interest a
Chapter 13: Current Liabilities and Contingencies
Most liabilities oblgate the debtor to pay cash at specified times and result from legally
o However, to be reported as a liability, an obligation need not to be payable in cash.
Chapter 14: Database Design (ERD, REA and SQL)
Databases can be:
o External databases, such as Gartner Research.
o Internal databases, such as the database used to store accounting transactions.
Internal databases can be classified as:
o Operational datab
Chapter 13: Accounting System Development
Requirements for an accounting systems includes: databases, data flow diagrams, database
forms, database queries, database reports, database fields, records, tables, RDBMS, accounting
software, cybersecurity, inte
Chapter 11: Cybersecurity
Cybersecurity combines people, processes, and technology to continually monitor vulnerabilities
and respond proactively to secure the system.
The ten domains relate to the security and control of accounting systems:
1. Legal, reg
Chapter 10: Fraud and Internal Control
Fraud and abuse can be classified into three broad categories:
1. Corruption, such as bribery
2. Misappropriation of assets, including theft of cash, fraudulent disbursements. Or stealing
3. Fraudulent fi
Chapter 6: Integrated Enterprise Systems
The accounting system interacts with all aspects of an organizations capturing and
providing information to virtually all areas within an enterprise.
o Sales, purchasing, human resources, shipping, receiving, opera