Scenario List

Select a scenario from the list.

1. As a partner in a new business, one of your roles is to review information technology tools available to assist you in a certain aspect of your business (e.g., marketing, accounting, sales, quality assurance, customer service, etc.). Research and analyze three technologies that have become widely used within the last five years and consider their potential impact on your business. Provide three recommendations for adopting/implementing any of these technologies within your organization.

2. As a member of the human resources department in an organization with over 100 employees at a variety of salary levels, you have been asked to evaluate different compensation strategies to possibly implement within your organization. Research and analyze three compensation strategies and determine three recommendations for how these strategies may be implemented within your organization. Compensation strategies may include, but are not limited to, any of the following: a bonus plan, merit plan, long-term incentives, stock options, benefits, tuition reimbursement, etc.

3. You are a CPA in a public accounting firm. Your firm has been hired by XYZ corporation, a publicly traded, multinational corporation to assess how the implementation of the International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS) will affect the financial reporting of XYZ Corporation. Research and analyze three differences between United States GAAP and IAS/IFRS and provide three recommendations regarding changes that will need to be made in order to adhere to the IAS/IFRS.

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4. Your company wants to enter into a major new venture (e.g., develop a new product line, establish a new market, create a presence in a new geographical area, etc.). You will make realistic assumptions about the assets, liabilities, revenues, operational expenses, and credit history of your company to inform your research but are not required to include these items in the business report. You should research and analyze three elements that need to be considered when starting a new venture such as financing, marketing, distribution, operations, production, etc. Provide three recommendations about how this venture will be implemented within the company.

5. You are employed by a firm that produces tangible products and is consistently beaten in the competitive marketplace by foreign firms that are able to produce higher quality products at a lower cost. Your manager has asked you to research and analyze three quality improvement processes (such as Six Sigma or ISO 9000) in order to determine if the company should consider a quality improvement process in an effort to produce higher profit margins. Prepare a report for your manager that compares and contrasts at least three quality control initiatives and provide three recommendations, based on your research, as to which processes should or should not be adopted and/or how they may be implemented.

6. Your company has recently decided to expand into online sales. The company wishes to continue to sell its products in retail stores located throughout the United States but they also wish to establish a presence on the Internet. Research and analyze the impact of online marketing and sales on your organization and provide a report to your manager on your findings. Potential elements to consider when selling and marketing a product online could include but are not limited to advantages and disadvantages of marketing online, the impact of online sales to the company, the requirements for a successful online marketing campaign, etc. Provide three recommendations to your manager based on your findings.

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