February 28, 2017
PERFORMANCE & BREACH IN SALES AND LEASE
CONTRACTS (CHAPTER 11)
1. OBLIGATIONS OF THE SELLER OR LESSOR
Major obligation of the seller or lessor is to tender conforming goods to the buyer or
Conforming Goods = goods that conform t
BUSA 3126 Sample Second Examination
Name (print)_Row #:_Last Four Digits SSN_
PLEASE READ THESE INSTRUCTIONS:
Be sure to put your name on this examination booklet and on the Scantron answer card. When you are
finished with the exam, deposit the examinatio
Contracts Outline Business Law BUSA 3126 Chapters 7,8,9
Promise: an assertion that something will or will not happen in the future.
Contract: an agreement that can be enforced in court formed by two or more competent
parties who agree, for consideration,
Outline Chapter 4 The Law of Torts
I. The Goals of Tort Law
A. Primary goal to compensate innocent persons injured or
whose property is damaged as a result of someone elses conduct.
B. Secondary goals to discourage private retaliation, promote
Criminal Law Outline -Chapter 6
Criminal Law vs. Civil Law
Burden of Proof
Requirements for Criminal Liability
Actus Reus (guilty act)
Mens Rea (guilty mind)
Strict Liability Crimes (n
The American Legal System
A Partial Outline BUSA 3126
Introduction to Law In Business
Importance of Legal System to Business and Private Enterprise
Objectives of the Law
Preserve dominant values
Business Law Today, The Essentials
Chapter One Outline
The Constitutional Foundations
Law: a body of enforceable rules governing relationships among individuals and their
Constitutional law: The body of law derived from the U. S. Constit
Chapter 2 Ethics and Business Decision Making
I. Business Ethics
Ethics: moral principles and values applied to social behavior
Business ethics: ethics in a business context, a consensus as to what constitutes
right or wrong behavior in the worl
I. Real Property
Land and everything permanently attached to it.
Distinguish Fixtures: an item that is initially a piece of personal
property but is later attached permanently to the realty
and thus is treated as a part of the realty.
Outline Chapter 17 Agency
Definition of Agency: a fiduciary relationship between two persons or entities in which one (the
agent) acts on behalf of, and is subject to the control of the other (the principal).
Historical Background and Importance for Busin
Setting Objectives and
Formulating a Strategy
Know thyself and niche thyself.
The Strategy Process
(1) Develop a Strategic Vision
Review Mission Statement (product line definition, market scope, growth directions)
(2) Conduct a SWOT Analysis:
Key Indicators of How Well
the Strategy Is Working
Is the firm meeting financial objectives and
it an above-average industry
Trend in sales and market share
Acquiring and/or retaining customers
Trend in profit margins, net profits, and
In strategy it is important to see distant
things as if they were close and to take
a distanced view of close things.
The Strategy Process
(1) Develop a Strategic Vision
Review Mission Statement (product line definition, market scope, g
32184_IKEA:IKEA STUDY V5
SWOT analysis and sustainable
IKEA is an internationally known home furnishing retailer. It has grown rapidly since it was
founded in 1943. Today it is the world's largest furnit
MBA 6126: Strategic Management
Midterm Study Sheet
(Covers Textbook Chapters 1-7)
The midterm exam will cover the material that we have discussed so far this semester. It
is a two-hour exam worth 20% of your course grade. It will contain 40% multiplechoic
Which of the following is an advantage of exporting?
A. It helps in easy currency conversion.
B. It provides large revenue and profit opportunities.
C. It reduces the administrative costs incurred by a company.
D. It helps companies increase their uni
1) A _ economy is an economic system in which the interaction of supply
and demand determines the quantity in which goods and services are
2) In comparison to market eco
V. MARKETING PLAN
a. Overall marketing strategy
La Colombiana will position itself as the premier home-style restaurant in
Columbus, Georgia. We will do this by providing superiority home style meals,
prepared with quality ingredients at a reasonable pric
The restaurants location is not supposed to be in a crowded street but easy to find. The rental cost
ranges from $2,500 to $4,000 a month. A good position should be about $3000. My cousin owns a shop
on Whittlesey Road (not a restaurant), the
III. Market research and analysis
D. Estimate market share and sales
- The special thing about our products is unique flavor it brings to customers. Columbian food is not
common in Columbus as well as the whole U.S. Our strategy is kind of niche to give c
VII. Manufacturing and operation plan
A. Operating cycle
- In restaurant industry, the operating cycle is really short. It can be calculated by day when all the
material is already used and all dishes are sold.
- Seasonal production does affect that indus
BUSA 3135 Midterm Exam Study Guide
1. What is GDP?
a. The total value of products and services produced in a country over the course of
2. What is International Business?
a. Performance of trade and investment activi
What are the 3 stages of
evolution for the International
Product Life Cycle Theory?
Introduction, Maturity, and
What is International
Chapter 2 Globalization
of Markets and the
Participants That Make