1. Koffman Corporation is trying to raise capital. What method would be the least risky to raise capital if it has a less-than-favorable credit rating? · Bond issuance, since additional debt can provide the company with more leverage. · Bond issuance, since nobody wants to buy shares of a company with a less-than-perfect credit rating. · Stock issuance, since stocks are more valuable as finance instruments. · Stock issuance, since a credit rating won’t negatively affect Koffman’s ability to sell stock. 2. Bookmark question for later Hal and Miranda have a general partnership business for landscaping projects. Hal makes a contract with a customer for a project one day while Miranda is absent and leaves on vacation the next day. Miranda does not feel she has the time to perform the contract for the customer. Which of the following is true? · Indeterminable without more information. · Miranda is obligated to perform the contract. · Miranda may relinquish her obligation to perform the contract since Hal signed it without her knowledge. · Only Hal is obligated to perform the contract. 3. Bookmark question for later Kara wants to build a business. She has plenty of capital and potential investors and partners. She wants to avoid the burden of sole liability for her business and wants to be able to close the business when she is no longer interested in it. Which of the following would lead Kara to choose a sole proprietorship organization for her business? · Avoidance of sole liability · Ability to close the business easily · Plenty of capital · Many potential investors/partners 4. Bookmark question for later Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily wants to be able to avoid being held personally liable for any problems the business has. Which of the following would lead Lily to choose a sole proprietorship organization for her business? · None of the above · Avoidance of personal liability · Little capital · Possession of a partner 5. Bookmark question for later Abigail is a manager at her company. The company just launched an initiative to improve its corporate citizenship practices. Abilgail is responsible for all but which of the following areas? · Vigilance of the board of directors · Disclosure and transparency · Integrity and ethical behavior · Safeguarding shareholders' interests 6. Bookmark question for later Match each event with the order in which it occurs in the formation of a corporation. First Fourth Third Second Drag and drop the choices from below. Incorporators select a name for the corporation Novations are executed Business selects a state of incorporation Articles of incorporation are filed Reset Answers 7. Bookmark question for later Mario and Johnny want to start a business. They have very little capital. They are new partners and largely unfamiliar with each other’s management practices. They are happy, however, to .

1. 1. Koffman Corporation is trying to raise capital. What method
would be the least risky to raise capital if it has a less-than-
favorable credit rating?
· Bond issuance, since additional debt can provide the company
with more leverage.
· Bond issuance, since nobody wants to buy shares of a
company with a less-than-perfect credit rating.
· Stock issuance, since stocks are more valuable as finance
instruments.
· Stock issuance, since a credit rating won’t negatively affect
Koffman’s ability to sell stock.
2. Bookmark question for later
Hal and Miranda have a general partnership business for
landscaping projects. Hal makes a contract with a customer for
a project one day while Miranda is absent and leaves on
vacation the next day. Miranda does not feel she has the time to
perform the contract for the customer. Which of the following is
true?
· Indeterminable without more information.
· Miranda is obligated to perform the contract.
· Miranda may relinquish her obligation to perform the contract
since Hal signed it without her knowledge.
· Only Hal is obligated to perform the contract.
3. Bookmark question for later
Kara wants to build a business. She has plenty of capital and
potential investors and partners. She wants to avoid the burden
of sole liability for her business and wants to be able to close
the business when she is no longer interested in it. Which of the
following would lead Kara to choose a sole proprietorship
organization for her business?
· Avoidance of sole liability
· Ability to close the business easily

2. · Plenty of capital
· Many potential investors/partners
4. Bookmark question for later
Lily wants to build a business. She has very little capital. She
does, however, have a partner with which she could run a
business. Lily wants to be able to avoid being held personally
liable for any problems the business has. Which of the
following would lead Lily to choose a sole proprietorship
organization for her business?
· None of the above
· Avoidance of personal liability
· Little capital
· Possession of a partner
5. Bookmark question for later
Abigail is a manager at her company. The company just
launched an initiative to improve its corporate citizenship
practices. Abilgail is responsible for all but which of the
following areas?
· Vigilance of the board of directors
· Disclosure and transparency
· Integrity and ethical behavior
· Safeguarding shareholders' interests
6. Bookmark question for later
Match each event with the order in which it occurs in the
formation of a corporation.
First
Fourth
Third

3. Second
Drag and drop the choices from below.
Incorporators select a name for the corporation
Novations are executed
Business selects a state of incorporation
Articles of incorporation are filed
Reset Answers
7. Bookmark question for later
Mario and Johnny want to start a business. They have very little
capital. They are new partners and largely unfamiliar with each
other’s management practices. They are happy, however, to be
organizing a business together in order to avoid full liability for
the business. Which detail(s) of this situation would be the
largest contributor toward Wade and Hunter’s decision to
organize a general partnership?
· Sharing profits
· Unfamiliar with each other’s management practices
· Avoiding full liability
· Little capital
8. Bookmark question for later
Juan wants to be involved in business. He has plenty of capital
to invest, but he does not want to be involved in management.
He also does not want to worry about fluctuations in the market
prices of debt and equity instruments. Which form of business
would be best for Juan?
· Corporation
· LLC
· General partnership
· Sole proprietorship

4. 9. Bookmark question for later
Noodleoo, a struggling restaurant chain, wants to enact a
franchise agreement with Stephen to sell its product through a
chain-style franchise. Stephen agrees and opens the store, and 6
months later Noodleoo goes bankrupt. Which is most likely true
of this situation?
· If Noodleoo was transparent with its financial data, it owes no
recompense to Stephen.
· If Noodleoo was not transparent with its financial data, it has
broken the franchise rule.
· If Noodleoo was not transparent with its financial data,
Stephen has no recourse.
· More than one response is correct.
10. Bookmark question for later
J-Chron's board of directors periodically meets with the CFO of
the company. The CFO reports on the financial status of a
company project, after which the board inquires about the
project's compliance with legally-required accountings
principles. It asks no other questions about the project. Which
of the following is true?
· The board is meeting legally-required vigilance standards, but
not necessarily those which would protect shareholders' interest.
· The board is not legally required to meet vigilance
requirements.
· The board is not meeting any basic vigilance requirements.
· The board is meeting all of its vigilance requirements.
11. Bookmark question for later
Identify the description that properly completes each prompt.
Piper is a manager in a corporation that was organized in
Canada by one of his former coworkers. The company provides
consulting services and training for architects employed by
construction companies. The company recently went public,

5. with shares being sold to about 500 investors. Piper’s company
would be a __________ corporation.
Tucker works for a retail distribution company that was recently
started. Tucker has invested a lot of his earnings into shares of
the company. When quarterly earnings are posted, Tucker
receives a check for 8% of the quarterly profit of the company.
Tucker belongs to a __________ corporation.
Hal organized his business in Canada. Most of his customers are
in Montana. In Montana, Hal’s business would be considered
a(n) __________ corporation.
Zoey is the CEO of a corporation she organized herself with 15
shareholders. The company operates in several states, as well as
outside of the U.S. Her business consists mostly of training
services for in-home medical care personnel. Her company
would be a __________ corporation.
Lenny organized his business in Delaware. He has customers in
Delaware, other states in the U.S., and in foreign countries.
Lenny’s business is __________ in Delaware.
Drag and drop the choices from below.
Domestic
Closely-held
Professional
Subchapter S

6. Alien
Reset Answers
12. Bookmark question for later
Sandy works for RigorMart. She supervises regional managers
and directs them based on orders from the board of directors.
Sandy’s position also entitles her to stock ownership in the
company. What is Sandy’s position in the company?
· Executive, shareholder, and director
· Executive and shareholder
· Shareholder
· Executive
13. Bookmark question for later
Loptech, a technology firm, wants to issue bonds for investment
purposes. Loptech has one of the best credit ratings in the
industry. Market rates for debt instruments average at .5%
interest. Based on its credit rating, Loptech would likely sell
bonds that pay _____.
· Indeterminable with current information
· 0.75%
· 0.25%
· 0.5%
14. Bookmark question for later
Rita wants to be involved in business. She has a fair amount of
money to invest, but she does not want to be involved in
management. She wants to form a business in the quickest way
possible under her circumstances. Which form of business
would be best for Rita?
· LLC
· Sole proprietorship
· Corporation
· Limited partnership
15. Bookmark question for later

7. Match each term with its appropriate description.
Chain-style franchise
Distributorship
Plant-processing franchise
Drag and drop the choices from below.
A franchisee sells a franchisor’s product in a specific
geographic area.
A franchisee makes or sells a franchisor’s product.
A franchisee produces and sells a franchisor’s product using the
franchisor’s name.
1. Closely-held corporation
Publicly-held corporation
Public corporation
Professional corporation

8. Drag and drop the choices from below.
A business formed by the government
A business with a small number of shareholders
A business formed to assist experts in a particular business field
A business with a large number of shareholders
Reset Answers
2. Bookmark question for later
Wade and Hunter want to start a business. They have a large
amount of capital. They have a good working relationship and
believe they will do well sharing management responsibility and
in sharing profits. They are happy to be organizing a business
together in order to avoid full liability for the business. Which
detail(s) of this situation would be most unhelpful toward Wade
and Hunter’s decision to organize a general partnership?
· Large amount of capital
· Avoiding full liability
· Sharing management responsibility
· Sharing profits
3. Bookmark question for later
Which of the following is true concerning bonds?
· As company’s credit increases, the interest on its bonds tend
to decrease.
· A bond’s collateral is always based on physical assets.
· Bonds are considered assets.
· A bond is an equity interest.
4. Bookmark question for later
Chloe is a non-executive supervisor at her company. She directs
other employees but has no control of financial information or
decision-making responsibilities. She would be responsible for
contributing to which of the following areas?
· Maintaining a strong board of directors

9. · Safeguarding the rights and interests of shareholders
· Disclosure and transparency
· Promoting integrity and ethical behavior
5. Bookmark question for later
Reed works for Marimart. He assembles components for
consumer products. He also conducts training for new hires at
Marimart. Reed additionally purchases stock in the company?
What is Reeds position in the company?
· Executive
· Shareholder
· Director
· More than one option
6. Bookmark question for later
Match each type of organization with the type of franchise it
would typically belong to.
Distributorship
Chain-style franchise
Plant-processing franchise
Drag and drop the choices from below.
Restaurants
Car dealerships
Beverage bottlers
Reset Answers
7. Bookmark question for later
Which of the following is false concerning LLCs?

10. · LLCs are governed by state statute.
· LLCs are formed in much the same way as a general
partnership.
· LLCs can be taxed as corporations.
· LLC owners are called members.
8. Bookmark question for later
The board of directors for Glenncorp makes an investment in
distribution services that ultimately result in a net loss for the
company and its shareholders. Shareholders in the company
may:
· Demand compensation for their losses in proportion to their
number of shares
· Sue the board of directors.
· Sign a petition to fire the board of directors
· Do nothing, as the board is protected by the business judgment
rule
9. Bookmark question for later
Papapop makes a franchise agreement with a bottling factory to
sell its product to the company for bottling and subsequent sale.
Over the next several years, Papapop steadily demands a higher
percentage of the bottler’s profit from sales. Which of the
following is true?
· Papapop is restricted from demanding a higher profit
percentage.
· None of the above
· Papapop is restricted from demanding a higher profit
percentage if such increases are arbitrary.
· Papapop may demand a higher percentage without restriction.
10. Bookmark question for later
Which of the following is not a basic requirement of good
corporate citizenship?
· Ethical environment
· Provision of benefits to employees

11. · Disclosure
· Strong and vigilant board of directors
Running head: EMPLOYEE HANDBOOK 1
EMPLOYEE HANDBOOK 5
Employee Handbook
HR 220 Human Resource Information Systems
According to Hesser, R. G. (1991), A employee handbook
speaks for your company by communicating policies and
procedures to employees. It provides employee benefit plans,
leave policy, performance evaluation, Attendance and
punctuality, employment termination, safety standards, sexual
and other forms of employment. This is the certain parts of
employee handbook for the organization.
1. A statement of nondiscrimination- St. Jude’s Internal
medicine LLC as a organization do not discriminate on the basis
of sex, religion, national, race, color, disability. No one will be
given a preference on the basis of religion, race, nationality.
The objective of the organization is also to support people with
disability like qualified sign language interpreters and print out
any material with large font, bold.
2. The firm’s policy on policy on Equal Employment
Opportunity-
To further the goal of equal employment opportunity St. Jude’s
Internal Medicine LLC for all the employees and for future
employees without regard to religion, nationality, disability,
sex, age, race, color, veteran status, or any other characteristic

12. protected by applicable law, St. Jude’s Internal medicine LLC,
as per every single appropriate law, to enroll, contract, prepare,
and advance people in all activity titles without respect to race,
color, religion, sex, age, disability, veteran status, national
origin or some other trademark ensured by pertinent law.
All business choices should be steady with the guideline of
equivalent work opportunity, and just employment related
capabilities will be required. All work force activities, for
example, pay, benefits, exchanges, social and recreational
projects, and so on will be directed without respect to race,
shading, religion, sex, age, incapacity, veteran status, national
inception, or some other trademark secured by relevant law.
3. The firm’s policy on the internal applicant process; St. Jude’s
Internal medicine LLC will give the first preference to the
employees internally. Once determined that necessary skills set
in meeting the job the interview and job transfer will be
followed. St. Jude’s Internal Medicine LLC is employee first
initiative. All this will be coordinated through internal intranet.
4. The policy on the external applicant process – St Jude’s
Internal medicine LLC will also keep the external policy as an
important part of recruitment. Contracting with quality vendors
and also job sites to attract, select, retain and train future
employees.
5. The policy on selecting new employees- St Jude’s Internal
medicine LLC will also take careful attention to select new
employees. The idea will be based on skill based (Knowledge,
skill and attitude) of the employees to the job requirement.
6. A nepotism statement – Primary basis for appointment and
promotion of employees in the St Jude’s Internal medicine LLC
shall be based on qualifications and performance as described in
the policy. Relationship by a family or marriage might
constitute neither leverage nor an inconvenience. No individual
might be utilized in a position which will bring about the
presence of a subordinate-predominant connection between such
individual and any relative of such individual through any line
of specialist.

13. These are the steps I would recommend for the succession
planning of the HR manage to HR vice president. The first step
would be to evaluate where the HR manager stands in terms of
knowledge and skills. This is done through 360-degree
evaluation or by looking at the last performance appraisal
system. This will bring in a clear analysis of current situation
and will help to create a plan around it.
The second step would be to create a training plan to equip the
HR manager with skills and attitude to perform the job. This
will practically give the HR manager the confidence to perform
the job because HR manager does more of operational stuff
where a HR vice president does more of strategic direction to
the team and organization. The third step would be to do a
knowledge transfer on the current situation from the HR vice
president to HR manager which will be very useful for the
success of the position and the last step would be to have a
mentor for at least some point of time to guide, counsel and
direct.
The competitive advantage gained through this process is time,
efficiency, less training cost, Day one productivity, Quick
adaption to the culture, Knowing the system and people. The
above are few advantages of doing the succession planning for
this role. As this a top management requirement it is crucial to
have someone from internal as it brings down the huge cost of
training and delay of efficiency on the job. It also requires the
cost factor to be very minimal as all the cost of advertising,
screening, recruiting, training is close to zero. It also gives the
highlight to understanding the culture and people as the HR
director is already in the system and his understanding to the
system is great when compared to the new comer. Knowing the
people in and out is also very crucial for this role as day in and
day out the HR vice president will be interacting with all the
employees and importantly with the top management.
In conclusion it is clear that organizations will have to go

14. through the process of informing their employees every aspect
of policies and process through employee’s handbook. This
becomes a guiding principle on how organizations work and
operate. For employees this becomes a rule book on how to
function in a society. Succession planning is crucial for
organizations to manage/promote the talent. It is a huge reward
program which can motivate and retain the highest talent in a
organization.
Reference
Hesser, R. G. (1991). Watch your language. Small Business
Reports, 16(7), 45. Retrieved from https://prx-
herzing.lirn.net/login?url=https://search-proquest-com.prx-
herzing.lirn.net/docview/214379822?accountid=167104
Kavanagh, J., Thite, Mohan, Johnson, D. (01/2014). Human
Resource Information Systems: Basics, Applications, and Future
Directions, 3rd Edition. [Bookshelf Online]. Retrieved from
https://bookshelf.vitalsource.com/#/books/9781483369228/