You Are an Entrepreneur About to Open a Coffee and Internet

question 150

Essay

You are an entrepreneur about to open a coffee and internet cafe near your college campus. You have decided to accept cash and credit and will use college student employees. While you plan to be at the shop during most hours that the business will be open, you have made one of the student employees your assistant manager to manage in your absence.
Describe at least five procedures that you might use to provide adequate internal control over cash and credit sales and bank deposits.

Gain insights into taxation and financial implications for different business types, including the concept of double taxation for corporations.

Understand the role and implications of corporate leadership structures.

Analyze the suitability of joint ventures for international business.

Understand the strategic purposes behind vertical and horizontal mergers.

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Definitions:

Classical Conditioning

A learning process that involves creating associations between a natural stimulus and a previously neutral stimulus, leading to a learned response.

Aversive Conditioning

A behavioral training method that uses unpleasant stimuli to discourage undesirable behaviors.

Immunosuppression

A reduction in the efficiency of the immune system's ability to fight infections or diseases.

Law of Effect

A psychological principle suggesting that behaviors followed by satisfactory outcomes are more likely to be repeated, whereas those followed by unsatisfactory outcomes are less likely to be repeated.