• Define a decision support system (DSS).(DSS) are a specific class of computerized information system that supports business and organizational decision-making activities. A properly designed Decision Support System is an interactive software-based system intended to help decision makers compile useful information from raw data, documents, personal knowledge, and/or business models to identify and solve problems and make decisions.
  
• What is the difference between management information systems and decision support systems?
• Describe the different components of a decision support system and explain each one.
• Think of an example where a decision support system helps with making internal decisions.

 

Product Liability Insurance

 

There are several forms of liability insurance available to entrepreneurs. Identifying the appropriate form to purchase in order to meet the needs of your company is often tricky. For instance, you want to manufacture a type of toaster that will allow the users to set the timer to a specific time, similar to coffeemakers. In this case, you will need a product liability policy. A product liability policy covers a broad area, involving retailers, suppliers, manufactures, and distributors who are related to the manufacture, sale, and purchase of toasters.

 

Strict liability involves only the manufacturing company. It encompasses the product and its manufacturing process, even if the product contained no intentional flaws. Negligent liability is involved when the manufacturer knew there was a flaw and chose to ignore the flaw. Lastly, there is the breach of the warranty, whether it was a full or limited warranty, when it is not honored.

 

Each state has a different set of regulations and laws to address these forms of liabilities. Considering yourself as a manufacturer of toasters, answer the following questions:

 

• What are the various product liability laws and regulations present in your state?
• Considering your state’s laws and regulations, determine:
• What type of policy covers all three liabilities?
• Is there a requirement of a policy that covers suppliers, retailers, and distributors?
• What is the time limit on product liability? How long are you liable and responsible to the customer in the event the toaster is defective and causes injury?
• What are your responsibilities in case you decide to close your business?

 

Assignment 2 Grading Criteria	Maximum Points
Described the various product liability laws and regulations present in your state.	10
Determined what type of policy would cover all the three liabilities and if there is a requirement of a policy that covers suppliers, retailers, and distributors.	10
Determined the time limit for which you are liable and responsible to the customer in the event the toaster is defective and causes injury.	5
Analyzed and determined your responsibilities in case you decide to close your business.	5
Presented a structured document free of spelling and grammatical errors.	5
Properly cited sources using the APA format.	5
Total:	40

 

Submit your answers in a 3- to 4-page Microsoft Word document

 

-Please ensure use of of only valid sources (no wiki-anything)

-Original work

-No just copy and paste from multiple sites

-5 sources

 

Present a clear product on time and answering the above

 

Directions: Provide detailed and elaborate responses to the questions below.  Your responses should include examples from the reading assignments and discuss how the concepts are applied in modern psychology.  Your responses to each question should be at least one half of one page in length and include a minimum of two references.

 

1.Describe the basic elements of psychological assessment including diagnosis, social, behavioral and cultural considerations.

 

2.How is the DSM utilized in formal diagnostic classification?  Describe the limitations of the DSM.  Describe the five axes and provide an example of information found in each axis.

 

3.Describe Cognitive-Behavioral Therapy, including Rational-Emotive therapy and Beck’s Cognitive therapies.  Have these approaches been demonstrated to be effective modes of therapy?  Explain.

 

4.Describe how success is measured in therapy. What are some of the hindrances to therapeutic success?

 

5.    As we investigate the importance of assessment in the therapeutic process, it can be helpful to understand the potential shortcomings. What are possible hindrances to accurate psychological assessments? Any thoughts?

 

 

PART II

 

Review the Web resources in the lecture notes. Select at least three websites that you consider valuable.  In a document that is at least one page in length, provide the following information.

 

1.Describe the site and its purpose.
2.How does it demonstrate credibility?
3.Explain how the information provided on the site may be beneficial to students and professionals.

Imagine that you are a Certified Public Accountant (CPA) with a new client who needs an opinion on the most advantageous capital structure of a new corporation. Your client formed the corporation in question to provide technology to the medical profession to facilitate compliance with the Health Insurance Portability and Accountability Act (HIPAA). Your client is very excited because of the ability to secure several significant contracts with sufficient capital.

 

Use the Internet and Strayer databases to research the advantages and disadvantages of debt for capital formation versus equity for capital formation of a corporation. Prepare a formal letter to the client using the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide.

 

Write a  two (2) page letter in which you: NO LESS THEN 550 WORDS

1. Compare the tax advantages of debt versus equity capital formation of the corporation for
   the client.
2. Recommend to the client whether he / she should use debt or equity for capital formation of the new corporation, based on your research. Provide a rationale for the response.
3. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.

 Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

 

The specific course learning outcomes associated with this assignment are:

• Analyze tax issues regarding corporate formations, capital structures, income tax, non-liquidating distributions, or other corporate levies.
• Use technology and information resources to research issues in organizational tax research and planning.
• Write clearly and concisely about organizational tax research and planning using proper writing mechanics.