Working At Fedex Express, My Boss Brian Buchwald - 884 Words

Working at FedEx Express, I had the privilege to interview my boss Brian Buchwald. We share the same work ethic background with the both of us serving in the military but serving in different branches. Brian served in the Army for 6 years, and then served in the Air Force for another 6 years after exiting the Army. Brian just recently got promoted to Operations Manager at FedEx Express after being with the company for only 3 years, which is quite incredible From the interview with Brian, his comments really brought back memories of the work ethics and leadership from the military. Even though, Brian exited the military as an E-6 in the Air Force and I exited the Army as an E-5. A lot of managers would have to attend classes and training†¦show more content†¦Being in a Leadership position doesn’t mean that the managers or supervisors get to do whatever they want, but they do have to lead by example. There have been times where the both of us have experienced certain e vents where we can hold specific friendships with our soldiers. Better way to explain is when the uniform comes on, it’s strictly business. We couldn’t hang out with the soldiers outside of work so that there wouldn’t be any favoritism in any working environment with our soldiers. It’s all about the way he treated his soldiers and how he took care of his soldiers. From his words, â€Å"If you take care of your people, your people take care of you.† It’s not all about dictatorship, yelling at your soldiers and the rank on your chest. â€Å"Taking care of your people is a manager’s first priority† coming from Brian. Being the umbrella or the shield for you people is basically what managers do to take care of their employees. Every company, whether if it was in the military or outside of the military, that every employee has to follow and that’s the proper â€Å"Chain of Command.† Basically if anything happens inside of work, whether if it’s an incident or a traffic citation, he would want to be informed immediately just so he could keep his group â€Å"off the radar† from the Senior Operations Manager. When talking

Yum The Worlds Largest Fast Food Company - 1229 Words

YUM operates over 39,000 fast food locations under their 3 main brands: KFC, Pizza Hut, and Taco Bell. YUM has grown to be the world’s largest fast food company, based on the number of operating locations (Interfax, 2013). YUM maintains a competitive brand by strategically looking for opportunities outside of the US. YUM has continued to grow globally, with over 50% of its income coming from outside of the US (Company, n.d.). In 2015, YUM opened 2,365 new restaurants around the world and this year they expect to better that number slightly. This equates to roughly 6 new stores daily. They have utilized franchise locations to fuel continued growth, while minimizing a portion of the overall risk. YUM has experienced tremendous success in China with KFC and Pizza Hut. In 2015, YUM decided to spin off their Chinese division and create YUM China. The move is intended to allow the individual management teams to focus on their respective businesses, which operate in separate areas of the industry life cycle. YUM has not only expanded into China, but India, Africa, and Russia as well. YUM’s aggressive plan to exploit new potential markets as the US fast food industry is in a mature phase of its life cycle has paid off well for the company. That does not mean that YUM does not recognize the importance of strong brand recognition in the US. YUM has worked to evolve their menus to meet the US consumers changing habits. The Taco Bell brand has been focused on reinventing itself in theShow MoreRelatedYum Brands Essay696 Words   |  3 PagesDescribe Pizza Hut and KFCs investment strategy in Latin America. Latin America was appealing to Yum brands because of its close proximity to the United States, language and cultural similarities, and the North America free Trade Agreement eliminated tariffs on goods traded between the United States. Performing a country analysis was an important part of the strategic decision making process. Yum Brands had to accurately assesses the risks of doing business in other countries and regions in orderRead MoreSwot Analysis Of Yum Brands897 Words   |  4 PagesYum! Brands is one of the strong fast food chain brands across the world. It owns major fast food franchise’s like  KFC,  Pizza hut,  Taco bell, East Dawning and others. Naturally, with such top retail chains belonging to Yum! brands, their presence worldwide is phenomenal. Yum! Brands is considered the world’s largest fast food chain and has more then 43,500 restaurants across the world. They have a strong presence in  China  and India, which are two of the most populated nations on the earth. It isRead MoreCompetitor And Financial Analysis : Burger King Essay964 Words   |  4 Pagesfoodservice companies† (Burger King Worldwide 4) like McDonalds possesses. â€Å"McDonald’s and Wendy’s are Burger King’s primary competitors† (Burger King Worldwide). Wendy’s has various opportunities that give it some advantageous or external growth, but threats from â€Å"intense competition may erode the group’s market share† (The Wendy’s Company 4). Wendy’s is a very prominent corporation in the marketplace of North America. â€Å"The group is the world’s third largest quick-service restaurant company in the hamburgerRead MorePizza Hut : The Largest Pizza Chain1576 Words   |  7 PagesExecutive Summary Pizza Hut is the largest pizza chain in the world, with over 13,000 units in more than 94 countries. Pizza Hut Canada has over 300 units from coast to coast, with two distinct restaurant builds to service dine-in and delivery channels. Pizza Hut is already established as a world leader in pizza, resulting in the trust and respect of consumers. The mission with this new franchise would be to further extend and build upon Pizza Hut’s good reputation, and there is plenty of confidenceRead MoreBusiness Description Of Yum China1714 Words   |  7 PagesBusiness Description Yum China Holdings is the largest independent restaurant in China. They are in the Restaurant, Bars, and Food Services industry. Yum China is a spin-off of its parent company, Yum Brands. The company was founded on April 1, 2016 and is headquartered in Louisville, Kentucky. Yum China became a publicly traded company on November 1, 2016. They have exclusive rights to operate and sub-license KFC, Pizza Hut, and Taco Bell with outright ownership of East Dawning and Little SheepRead MoreMcdonald s Stock Symbol Or Stock Ticker916 Words   |  4 PagesThe name of the company I decided to research for my project is Mcdonalds. The Mcdonald’s stock symbol or stock ticker is MCD and this company trades in the New York Stock Exchange. The McDonald s headquarters complex, McDonald s Plaza, is located in Oak Brook, Illinois. The business began in 1940, with a restaurant opened by brothers Richard and Maurice McDonald in San Bernardino, California. The present corporation dates its foundin g to the opening of a franchised restaurant by businessman RayRead MorePopeyes vs Kentucky Fried Chicken1731 Words   |  7 PagesKuyee Slanger Principles of Management Instructor: Ms. Livingston 03/29/2012 Midterm Popeyes Fried Chicken Vs Kentucky Fried Chicken Popeyes: To be the world’s best quick service restaurant. Being the best means providing outstanding quality service, cleanliness, and value, so that makes every customer in every restaurant smile. SWOT Analysis: Strengths: The strength of Popeyes is based on its distinctive brand and style of Louisiana spicy chickens that it provides on its menu along withRead MoreFinancial Analysis - Yum! Brands and Darden Restaurant2097 Words   |  9 PagesYum! Brands Yum! Brands started out as Tricon Global Restaurants in 1997 as the result of a separation from PepsiCo, and became owners of the KFC, Pizza Hut and Taco Bell brand names worldwide. Yum! Brands is now a Fortune 500 company based out of Louisville, Kentucky and the world’s largest restaurant company in the world in terms of system restaurants. With over 37,000 restaurants in over 110 countries, Yum! Brands dominates four sectors of the quick-service food industry: Mexican with the TacoRead MoreThe Success Of Yum, Pizza Hut, And Taco Bell3306 Words   |  14 PagesIntroduction Yum! Brands is an American fast food corporation, which a fortune of 500 corporation. Yum operates the other three parts of brand: KFC, Pizza Hut, and Taco Bell. It located in Louisville, Kentucky, and it is the largest fast food enterprise in the system units of about 41,000 restaurants around the world. The gross profit in 2014 of Yum! Brands are more than $15 billion. As Yum! Brands play an important role in global markets, and it also has positively market improvement in China. ThisRead MoreKentucky Fried Chicken and Global Fast Food Industry2025 Words   |  9 PagesKENTUCKY FRIED CHICKEN AND THE GLOBAL FAST-FOOD INDUSTRY UNIVERSITY OF DHAKA A report submitted to the Faculty of Business Studies in partial fulfillment of the requirements of the final term examination in Principle of Management, Summer-2013. Submitted To: Prof. Dr. Shahid Uddin Ahmed Course Instructor EM 502 (S-B) Principle of Management Submitted By: Group B Sahin Sultana, Roll-66 Kanis Fatima, Roll-76 Nowshin Ahmed, Roll-63 Tabassum Mohsin Chowdhury

Hesperosaurus - Facts and Figures

Name: Hesperosaurus (Greek for western lizard); pronounced HESS-per-oh-SORE-us Habitat: Woodlands of North America Historical Period: Late Jurassic (155 million years ago) Size and Weight: About 20 feet long and 2-3 tons Diet: Plants Distinguishing Characteristics: Short, wide head with small brain; relatively blunt, oval-shaped plates on back; quadrupedal posture About Hesperosaurus Stegosaurs--the spiked, plated dinosaurs--first evolved in Asia during the middle to late Jurassic period, then crossed over to North America a few million years later, where they prospered up until the cusp of the ensuing Cretaceous period. That would explain the in-between features of one of the first identified North American stegosaurs, Hesperosaurus, with its wide, round, mushroom-shaped dorsal plates and unusually short and blunt head (earlier stegosaurs from Asia possessed smaller skulls and less ornate plates, while the skull of Stegosaurus, which followed Hesperosaurus by about five million years, was much more narrow). Ironically, the near-complete skeleton of Hesperosaurus was discovered in 1985 during an excavation of its much more famous cousin. Initially, the near-complete skeleton of Hesperosaurus was interpreted as an individual, or at least a species, of Stegosaurus, but by 2001 it was classified as a separate genus. (Just to show that paleontology is not set in stone, a recent re-examination of Hesperosaurus remains led to the conclusion that Hesperosaurus was actually a Stegosaurus species after all, and the authors recommended that the closely related stegosaur genus Wuerhosaurus should also be so assigned. The verdict is still out, and for the time being, Hesperosaurus and Wuerhosaurus retain their genus status.) However you choose to classify Hesperosaurus, theres no mistaking the distinctive plates on this dinosaurs back (about a dozen roundish, short structures significantly less pointed and dramatic than the comparable plates on Stegosaurus) and its spiked tail, or thagomizer. As with Stegosaurus, we dont know for sure why Hesperosaurus evolved these features; the plates may have aided in intra-herd recognition or served some kind of signaling function (say, turning bright pink in the presence of raptors and tyrannosaurs), and the spiked tail may have been wielded in combat by males during mating season (the winners earning the right to pair with females) or used to inflict puncture marks on curious predators. Speaking of mating, once recent study of Hesperosaurus (published in 2015) speculates that this dinosaur was sexually dimorphic, the males differing anatomically from the females. Surprisingly, though, the author proposes that female Hesperosaurus possessed narrower, pointier plates than the males, whereas most of the sexual differentiation in large animals (both millions of years ago and today) favors the males of the species! To be fair, this study has not been widely accepted by the paleontology community, perhaps because its based on too few fossil specimens to be considered conclusive

Online Privacy Personal Information And Access Essay

Online Privacy: Personal information and Access We all go the Internet for some reason, either Google to search, YouTube to watch videos, or to complete assignments. Getting on the Internet in general is not private. We share our locations, personal information, social media, and website history on the web. If we choose to get online, we are taking a risk against all scammers online. Currently, we cannot get on certain websites without signing up with an email to view more information. The government most definitely should protect us better when it comes to the internet and our privacy because most of the United States uses it and fraud is important in America so we need help keeping everything private. Jim Harper stated, â€Å"When we use the Internet, we have to share information about ourselves, just like we do when we go outside.† We let our neighbors know we are still present. Social Media plays a big apart in the society today. Facebook is the know social network everyon e uses. Once, you sign up you are giving up personal information such as birthday, education, relations to other people, information about yourself-hobbies, favorite music, movies, books, where your check-in at. People use Facebook for sharing important events with others so they can stay up-to-date in one individuals’ life. As well express their feelings to the world about what is currently happening. Instead of people keeping things to themselves people love to share information toShow MoreRelatedChildren’s Online Privacy Protection Act of 1998800 Words   |  4 PagesChildren’s Online Privacy Protection Act of 1998 â€Å"This legislation grew out of the fact that by 1998 roughly ten million American children had access to the Internet, and at the same time, studies indicated that children were unable to understand the potential effect of revealing their personal information online and parent failed to monitor their children’s use of the Internet.† (Koby) Due to the technology available today children of all ages have access to the internet. In the 1960’s theRead MoreInternet Privacy Ethics1395 Words   |  6 Pages 1 II. Cookies and User Profiling 1 III. Privacy laws 2 IV. Web Eavesdropping Read MoreThe Contribution Of Guidance And Support From Our Instructor1319 Words   |  6 PagesBUBSMATE PRIVACY POLICY 1 PURPOSE OF THIS POLICY 1 COLLECTION OF YOUR PERSONAL INFORMATION 1 DISCLOSURE OF PERSONAL INFORMATION 2 USE OF PERSONAL INFORMATION 2 COOKIES 2 SECURITY 3 CHANGES TO THIS PRIVACY POLICY 3 ACCESSING YOUR PERSONAL INFORMATION 3 COMPLAINTS 3 CONTACT US 4 PROTECT YOUR IDENTITY AND PRIVACY 4 STEPS TO PROTECT YOUR IDENTITY ONLINE 4 WHAT TO DO IF YOUR IDENTITY HAS BEEN STOLEN 4 WHERE TO GET HELP 5 BUBSMATE PRIVACY POLICY This Privacy Policy is based on the Australian Privacy PrinciplesRead MorePrivacy And The Fundamental Right1507 Words   |  7 PagesID: 38769 Assessment 2 Privacy is a term which protects our personal information from others. It’s our decision where, when, with who we want to share our personal information. Privacy is considered as our fundamental right (UN Declaration of Human rights) which refers to freedom of speech, freedom of keeping information secret from others (David Banisar, Simon Davies). Privacy violation is becoming major concern. Now in these days almost constitution of every country privacy is considered human rightRead MoreThe Pros And Cons Of Internet Privacy1309 Words   |  6 PagesNow, the Internet is not only a way people access information, but also the net that connects them. People use it to communicate with friends and family, keep current events and shop online. The using of Internet sometimes involves personal data, triggers fraud and abuse. These are the reason people have laws to protect themselves. People now much more cherish their privacy, so the government takes the responsibility of establishing the Internet privacy law and develop them. However, the legislativeRead MoreThe Privacy Of A Computer System Essay1538 Words   |  7 Pagesâ€Å"You already have zero privacy. Get over it.† Scott G. McNealy CEO of Sun Microsystems Inc. â€Å"Our work to improve privacy continues today.†Ã¢â‚¬â€œ Mark Zuckerberg CEO of Facebook. These are some of the quotes of CEOs of some most prominent and successful companies that have built their businesses by pacifying their customers into giving up their personal information. Human beings value their privacy and the protection of their personal sphere of life. They value some control over who knows what aboutRead MoreShould Privacy Be Legal?1296 Words   |  6 PagesCitizens Online Privacy The question about the government having access to the citizens personal data produced is very controversial. Some people agree that â€Å"if you’ve got nothing to hide, you’ve got nothing to fear†, while others contend that this issue is invading our privacy and violating two different amendments (Solove). What is at stake is not fear of people knowing what we buy or look up, but rather the government having the power to invade our privacy and not needing to notify us. I believeRead MoreInformation Privacy : Computer And Information Sciences1041 Words   |  5 PagesInformation Privacy Aaliyah Hibbler Department of Mathematics, Computer and Information Sciences Mississippi Valley State University 14000 Highway 82 West, Itta Bena, MS 38941, United States aaliyah.hibbler@mvsu.edu Abstract This paper describes and informs the reader of material about Information Privacy. It gives a background as to what Information Privacy is, and educates the reader on more about the subject. This paper includes definitions, past and present examples and details about the subjectRead MoreThe Importance Of Personal Information And How People Feel About It1613 Words   |  7 PagesImportance of personal information and how people feel about it Undoubtedly, personal informations are critical to all of everyone. 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Ch1 Analysis Free Essays

CHAPTER 1—INTRODUCTION TO FINANCIAL REPORTING MULTIPLE CHOICE 1. Charging off equipment that cost less than $20 would be an example of the application of: a. |going concern| b. We will write a custom essay sample on Ch1 Analysis or any similar topic only for you Order Now |cost| c. |matching| d. |materiality| e. |realization| ANS:D 2. The going concern assumption: a. |is applicable to all financial statements| b. |primarily involves periodic income measurement| c. |allows for the statements to be prepared under generally accepted accounting principles| d. |requires that accounting procedures be the same from period to period| e. |none of the answers are correct| ANS:C 3. Understating assets and revenues is justified based on: a. |realization assumption| b. |matching| c. |consistency| d. |realization| e. |none of the answers are correct| ANS:E 4. The assumption that enables us to prepare periodic statements between the time that a business commences operations and the time it goes out of business is: a. |time period| b. |business entity| c. |historical cost| d. |transaction| e. |none of the answers are correct| ANS:A 5. Valuing assets at their liquidation values is not consistent with: a. |conservatism| b. |materiality| c. |going concern| d. |time period| . |none of the answers are correct| ANS:C 6. The business being separate and distinct from the owners is an integral part of the: a. |time period assumption| b. |going concern assumption| c. |business entity assumption| d. |realization assumption| e. |none of the answers are correct| ANS:C 7. The principle that assumes the reader of the financial statements is not interested in the liquidation values is: a. |conservatism| b. |matching| c. |time period| d. |realization| e. |none of the answers are correct| ANS:E 8. An accounting period that ends when operations are at a low ebb is: a. a calendar year| b. |a fiscal year| c. |the natural business year| d. |an operating year| e. |none of the answers are correct| ANS:C 9. The accounting principle that assumes that inflation will not take place or will be immaterial is: a. |monetary unit| b. |historical cost| c. |realization| d. |going concern| e. |none of the answers are correct| ANS:A 10. Valuing inventory at the lower of cost or market is an application of the: a. |time period assumption| b. |realization principle| c. |going concern principle| d. |conservatism principle| e. |none of the answers are correct| ANS:D 11. The realization principle leads accountants to usually recognize revenue at: a. |the end of production| b. |during production| c. |the receipt of cash| d. |the point of sale| e. |none of the answers are correct| ANS:D 12. The comment that â€Å"items that are not material may be recorded in the financial statements in the most economical and expedient manner possible† is representative of: a. |matching| b. |conservatism| c. |realization| d. |materiality| e. |none of the answers are correct| ANS:D 13. The assumption that deals with when to recognize the costs that are associated with the revenue that is being recognized is: a. matching| b. |going concern| c. |consistency| d. |materiality| e. |none of the answers are correct| ANS:A 14. The most significant current source of generally accepted accounting principles is the: a. |New York Stock Exchange| b. |Accounting Principles Board| c. |Accounting Research Studies| d. |AICPA committee on Accounting Procedure| e. |Financial Accou nting Standards Board| ANS:E 15. All but one of the following statements indicates a difference between the Financial Accounting Standards Board (FASB) and prior approaches. Select the one that is not a difference. a. The FASB is independent of the AICPA. | b. |The size of the board is much smaller. | c. |The FASB has broader representation. | d. |The FASB is the primary board for the development of generally accepted accounting principles. | e. |Members of the FASB serve on a full-time basis. | ANS:D 16. The Accounting Principles Board issued Opinions between: a. |1959-1973| b. |1939-1959| c. |1973-present| d. |1966-1976| e. |none of the answers are correct| ANS:A 17. The Financial Accounting Standards Board has issued statements between: a. |1960-1973| b. |1939-1959| c. |1973-present| d. 1966-1976| e. |none of the answers are correct| ANS:C 18. Accountants face a problem of when to recognize revenue. Which of the following methods of recognizing revenue is not used in practice? a. |point of sale| b. |point of order acceptance| c. |end of production| d. |receipt of cash| e. |revenue recognized during production| ANS:B 19. The organization that has by federal law the responsibility to adopt auditing standards is the: a. |New York Stock Exchange| b. |Public Company Accounting Oversight Board| c. |Accounting Principles Board| d. |Financial Accounting Standards Board| . |AICPA Committee on Accounting Procedure| ANS:B 20. By law, the setting of accounting standards is the responsibility of the: a. |AICPA Committee on Accounting Procedure| b. |New York Stock Exchange| c. |Accounting Principles Board| d. |Securities and Exchange Commission| e. |Financial Accounting Standards Board| ANS:D 21. The assumption that allows accountants to accept some inaccuracy, because of incomplete information about the future, in exchange for more timely reporting is: a. |conservatism| b. |time period| c. |business entity| d. |materiality| e. |realization| ANS:B 22. Which of the following does not relate to The Public Company Accounting Oversight Board (PCAOB)? a. |Two members of the board must be CPAs| b. |In addition to appointing the five members of the PCAOB, the SEC is responsible for the oversight and enforcement authority over the Board| c. |The PCAOB consists of five members appointed by the SEC| d. |The PCAOB is to adopt auditing standards| e. |The PCAOB is to adopt accounting standards| ANS:E 23. Understating expenses is justified based on: a. |time period assumption| b. |conservatism assumption| c. |materiality assumption| d. |matching assumption| . |none of the answers are correct| ANS:E 24. At the end of the fiscal year, an adjusting entry is made that increases salaries payable and increases salaries expense. This entry is an application of which accounting principle? a. |full disclosure| b. |materiality| c. |matching| d. |realization| e. |historical cost| ANS:C 25. Accountants provide for inflation using which of the following acc ounting principles? a. |going concern| b. |time period| c. |conservatism| d. |materiality| e. |none of the answers are correct| ANS:E 26. Which of these measurement attributes is not currently used in practice? . |historical cost| b. |relevant cost| c. |current market value| d. |current cost| e. |present value| ANS:B 27. The following data relate to Swift Company for the year ended December 31, 2008. Swift Company uses the accrual basis. Sales on credit|$250,000| Cost of inventory sold on credit|170,000| Collections from customers|220,000| Purchase of inventory on credit|150,000| Payment for purchases|140,000| Selling expenses (accrual basis)|40,000| Payment for selling expenses|45,000| Which of the following amounts represents income for Swift Company for the year ended December 31, 2008? a. $60,000| b. |$50,000| c. |$40,000| d. |$35,000| e. |$30,000| ANS:C 28. The following data relate to Rocket Company for the year ended December 31, 2008. Rocket Company uses the cash basis. Sale s on credit|$180,000| Cost of inventory sold on credit|130,000| Collections from customers|170,000| Purchase of inventory on credit|140,000| Payment for purchases|150,000| Selling expenses (accrual basis)|20,000| Payment for selling expenses|25,000| Which of the following amounts represents income for Rocket Company for the year ended December 31, 2008? a. |$30,000| b. |$5,000 loss| c. |$40,000| . |$45,000| e. |$50,000| ANS:B 29. The following data relate to Gorr Company for the year ended December 31, 2008. Gorr Company uses the accrual basis. Sales for cash|$200,000| Sales for credit| 220,000| Cost of inventory sold | 180,000| Collections from customers| 300,000| Purchases of inventory on credit| 190,000| Payment for purchases| 180,000| Selling expenses (accrual basis)| 50,000| Payment for selling expenses| 60,000| Which of the following represents income for Gorr Company for the year ended December 31, 2008? a. |$180,000| b. |$185,000| c. |$190,000| d. |$200,000| e. none of the a nswers are correct| ANS:C 30. The following data relate to Falcon Company for the year ended December 31, 2008. Falcon Company uses the cash basis. Sales for cash|$180,000| Sales for credit| 190,000| Cost of inventory sold| 210,000| Collections from customers| 350,000| Purchases of inventory on credit| 200,000| Payment for purchases| 220,000| Selling expenses (accrual basis)| 60,000| Payment for selling expenses| 70,000| Which of the following amounts represents income for Falcon Company for the year ended December 31, 2008? a. |$90,000| b. |$80,000| c. |$70,000| d. $60,000| e. |none of the answers are correct| ANS:D 31. Other than December, the most popular month for fiscal year-end is: a. |January| b. |March| c. |June| d. |September| e. |October| ANS:D TRUE/FALSE 1. In order to determine the economic success of a grocery store, we should view it as separate from the other resources that are owned by this individual. ANS:T 2. Many of our present financial statement figures would be misleading if it were not for the going concern assumption. ANS:T 3. The going concern assumption does not influence the classification of assets and liabilities. ANS:F 4. The most accurate way to account for the success or failure of an entity is to accumulate all transactions from the opening of business until the business eventually liquidates. ANS:T 5. An entity usually cannot reasonably account for the profits related to inventory until that inventory is sold in the normal course of business. ANS:T 6. To the extent that money does not remain stable, it loses its usefulness as the standard for measuring financial transactions. ANS:T 7. A loss in value of money is called inflation. ANS:T 8. At the time of originally recording a transaction, historical cost also represents the fair market value. ANS:T 9. It would always be conservative to value inventory at market. ANS:F 10. Accountants normally recognize revenue when cash is received. ANS:F 11. The 1933 and 1934 U. S. federal securities laws virtually gave the Securities and Exchange Commission (SEC) authority and responsibility for the development of generally accepted accounting principles. ANS:T 12. The Statements of Financial Accounting Concepts are intended to provide the Financial Accounting Standards Board with a common foundation and the basic underlying reasoning on which to consider the merits of various alternative accounting principles. ANS:T 13. Eventually, the Financial Accounting Standards Board intends to evaluate current principles in terms of the concepts established in the Financial Accounting Concepts. ANS:T 14. Financial Accounting Concepts establish generally accepted accounting principles. ANS:F 15. According to the second Financial Accounting Concept, those characteristics of information that make it a desirable commodity can be viewed as a hierarchy of qualities, with understandability and usefulness for decision making of most importance. ANS:T 16. Performance indicators for nonbusiness organizations are usually formal budgets and donor restrictions. ANS:T 17. Reasonable inaccuracies of accounting for an entity, short of its complete life span, are accepted. ANS:T 18. Using the business entity assumption, the financial statements are prepared separate and distinct from the owners of the entity. ANS:T 19. The time period assumption indicates that the entity will remain in business for an indefinite period time. ANS:F 20. Timeliness is a pervasive constraint imposed upon financial accounting information. ANS:F 21. Relevance and reliability are two primary qualities that make accounting information useful for decision making. ANS:T 22. Predictive value, feedback value, and timeliness are ingredients needed to ensure that the information is reliable. ANS:F 23. Decision usefulness is a pervasive constraint imposed upon financial accounting information. ANS:F 24. Relevance is a quality requiring that the information be timely and that it also have predictive value or feedback value or both. ANS:T 25. The SEC has the authority to determine generally accepted accounting principles and to regulate the accounting profession. ANS:T 26. Some industry practices lead to accounting reports that do not conform to the general theory that underlies accounting. ANS:T 27. All important events that influence the prospects for the entity are recorded and therefore are reflected in the financial statements. ANS:F 28. The accrual basis of accounting recognizes revenue when realized (realization concept) and expenses when incurred (matching concept). ANS:T 29. The cash basis recognizes revenue when cash is received and expenses when cash is paid. ANS:T 30. The accountant records only the events that affect the financial position of the entity and that can be reasonably determined in monetary terms. ANS:T 31. The Sarbanes-Oxley Act has far-reaching consequences for financial reporting and the CPA profession. ANS:T 32. Among the many responsibilities of the PCAOB is to adopt accounting standards. ANS:F 33. For a public company, the SEC requires that a report be filed annually on its internal control systems. ANS:T 34. The Sarbanes-Oxley Act has had an insignificant effect on the relationship between the company and the internal auditor. ANS:F 35. Reporting under Sarbanes-Oxley revealed that very few companies had material weaknesses in their controls and processes. ANS:F 36. Private companies are required to report under Sarbanes-Oxley. ANS:F 37. Some firms question the costs/benefits of implementing Sarbanes-Oxley. ANS:T 38. For many companies that use December 31 for the year-end, we cannot tell if December 31 was selected because it represents a natural business year or if it was selected to represent a calendar year. ANS:T 39. Accounting Trends Techniques is a compilation of data obtained by a survey of 600 annual reports to stockholders undertaken for the purpose of analyzing the accounting information disclosed in such reports. ANS:T 40. Many companies are on a 51-52 week fiscal year. ANS:F 41. The Sarbanes-Oxley Act has materiality implications. ANS:T 42. Web sites are not very useful when performing analysis. ANS:F 43. Accounting standards codification TM reorganizes the accounting pronouncements into approximately 90 accounting topics. ANS:T 44. Accounting standards codification TM addresses U. S. GAAP for nongovernmental entities. ANS:T PROBLEMS 1. Required: Listed below are several accounting principles and assumptions. Match the letter of each with the appropriate statement. a. Business entity|e. Historical cost|i. Full disclosure| b. Going concern|f. Conservatism|j. Verifiability| c. Time period|g. Realization|k. Materiality| d. Monetary unit|h. Consistency|l. Industry practices| 1. |Some industry practices lead to accounting reports that do not conform to the general theory that underlies accounting. | 2. |Requires the accountant to adhere as closely as possible to verifiable data. | 3. |Requires the entity to give the same treatment to comparable transactions. | 4. |Directs that the measurement that has the least favorable effect on net income and financial position in the current period be selected. 5. |The decision is made to accept some inaccuracy because of incomplete information about the future in exchange for more timely reporting. | 6. |Involves the relative size and importance of an item to a firm. | 7. |A reasonable summarization of financial information is required. | 8. |Deals with the problem of when to recognize revenue. | 9. |The primary value that is used for financial statem ents. | 10. |Standard of measure for financial statements. | 11. |The assumption that the entity being accounted for will remain in business for an indefinite period of time. 12. |Assumption that a business’s financial statements are separate and distinct from the personal transactions of the owners. | ANS: 1. |l| 2. |j| 3. |h| 4. |f| 5. |c| 6. |k| 7. |i| 8. |g| 9. |e| 10. |d| 11. |b| 12. |a| 2. Required: State the accounting principle or assumption that is most applicable: a. |The company uses the same accounting principle from period to period. | b. |Financial statements are prepared periodically. | c. |Subscriptions paid in advance are recorded as unearned subscription income. | d. |All significant financial transactions are reported. | e. Personal transactions of the stockholders are not recorded on the company’s financial statements. | f. |Land is recorded at $10,000, which was the amount paid. Current value of the land is $25,000. | g. |The accountants determine that the company is in danger of going bankrupt and therefore refuse to certify the statements as prepared according to generally accepted accounting principles. | h. |The company loses a major customer and does not record a loss. | ANS: a. |consistency| b. |time period| c. |realization| d. |full disclosure| e. |business entity| f. |historical cost| g. |going concern| h. |transaction approach| . Listed below are ten interrelated elements that are directly related to measuring performance and status of an enterprise according to SFAC No. 6, â€Å"Elements of Financial Statements. † a. Assets|f. Comprehensive income| b. Liabilities|g. Revenues| c. Equity|h. Expenses| d. Investments by owners|i. Gains| e. Distribution to owners|j. Losses| Required: Match the letter with the appropriate definition. 1. |Probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events. 2. |Increases in the equity of a particular business enterprise resulting from transfers to the enterprise from other entities of something of value to obtain or increase ownership interests (or equity) in it. Assets are most commonly received as investments by owners, but that which is received may also include services or satisfaction or conversion of liabilities of the enterprise. | 3. |A decrease in the equity of a particular business enterprise resulting from transferring assets, rendering services, or incurring liabilities by the enterprise to owners. Decreases ownership interest (or equity) in an enterprise. | 4. |Decreases in the equity (net assets) from peripheral or incidental transactions of an entity and from all other transactions and other events and circumstances affecting the entity during a period, except those that result from expenses or distributions to owners. | 5. |Outflows or other consumption or using up of assets or incurrences of liabilities (or a combination of both) from delivering or producing goods, rendering services, or carrying out other activities that onstitute the entity’s ongoing major or central operations. | 6. |The change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from nonowner sources. It includes all changes in equity during a period, except those resulting from investments by owners and distributions to owners. | 7. |Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. | 8. |The residual interest in the assets of an entity after deducting its liabilities. 9. |Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or engaging in other activities that constitute the entity’s ongoing major or central operations. | 10. |Increases in the equity (net assets) from peripheral or incidental transactions of an entity and from all other transactions and other events and circumstances from revenues or investments by owners. | ANS: 1. |b| 2. |d| 3. |e| 4. |j| 5. |h| 6. |f| 7. |a| 8. |c| 9. |g| 10. |i| 4. Listed below are several qualitative characteristics. a. |understandability| b. |usefulness for decision making| c. |relevance| d. |reliability| e. |predictive| f. |feedback value| g. |timely| h. |verifiable| i. |representational faithfulness| j. |neutrality| k. |comparability| l. |materiality| m. |benefits of information should exceed its cost| Required: Match the letter (or letters) that goes with each statement. 1. |Two constraints included in the hierarchy. | 2. |For this quality, the information needs to have predictive and feedback value and be timely. | 3. These are the qualitative characteristics that are viewed as having the most importance. | 4. |SFAC No. 2 indicates that to be reliable, the information needs to have these characteristics. | 5. |Interacts with relevance and reliability to contribute to the usefulness of information. | 6. |Two primary qualities that make accounting information useful for decision making. | 7. |For this quality, the information must be verifi able, subject to representational faithfulness, and neutral. | 8. |SFAC No. 2 indicates that to be relevant, the information needs to have these characteristics. | ANS: 1. |l, m| 2. |c| 3. |a, b| 4. |h, i, j| 5. |k| 6. |c, d| 7. |d| 8. |e, f, g| 5. Listed below are ten phrases with the appropriate abbreviation. a. |Generally Accepted Accounting Principles (GAAP)| b. |Securities and Exchange Commission (SEC)| c. |American Institute of Certified Public Accountants (AICPA)| d. |Accounting Principles Board (APB)| e. |Financial Accounting Standards Board (FASB)| f. |Statements of Financial Standards (SFAS)| g. |Discussion Memorandum (DM)| h. |Statements of Position (SOP)| i. |Emerging Issues Task Force (EITF)| j. |Financial Reporting Releases (FRRs)| k. The Public Company Accounting Oversight Board (PCAOB)| Required: Match the letter with the appropriate definition. 1. |Issued by the SEC and give the SEC’s official position on matters relating to financial reports. | 2. |Accounting principles that have substantial authoritative support. | 3. |A task force of representatives from the accounting profession created by the FASB to deal with emerg ing issues of financial reporting. | 4. |Created by the Securities Exchange Act of 1934. | 5. |Issued by the Accounting Standards Division of the AICPA to influence the development of accounting standards. 6. |A professional accounting organization whose members are certified public accountants (CPAs). | 7. |Issued official opinion on accounting standards between 1959-1973. | 8. |This board issues four types of pronouncements: (1) Statements of Financial Accounting Standards (SFAS), (2) Interpretations, (3) Technical Bulletins, and (4) Statements of Financial Accounting Concepts (SFAC). | 9. |Presents all known facts and points of view on a topic; issued by the FASB. | 10. |Issued by the Financial Accounting Standards Board (FASB) and establish GAAP for specific accounting issues. 11. |Responsible for adopting auditing standards. | ANS: 1. |j| 2. |a| 3. |i| 4. |b| 5. |h| 6. |c| 7. |d| 8. |e| 9. |g| 10. |f| 11. |k| 6. Listed below are Concept Statements. a. |Statement of Financial Ac counting Concepts No. 1| b. |Statement of Financial Accounting Concepts No. 2| c. |Statement of Financial Accounting Concepts No. 3| d. |Statement of Financial Accounting Concepts No. 4| e. |Statement of Financial Accounting Concepts No. 5| f. |Statement of Financial Accounting Concepts No. 6| g. |Statement of Financial Accounting Concepts No. 7| Required: Match the letter that goes with each Concept Statement title. 1. |Objectives of Financial Reporting by nonbusiness| 2. |Elements of Financial Statements of Business Enterprises| 3. |Qualitative Characteristics of Accounting Information| 4. |Elements of Financial Statements (a replacement of No. 3)| 5. |Objective of Financial Reporting by Business Enterprises| 6. |Recognition and Measurement in Financial Statements of Business Enterprise| 7. |Using Cash Flow Information in Accounting Measurements| ANS: 1. |d| 2. |c| 3. |b| 4. |f| 5. |a| 6. |e| 7. |g| How to cite Ch1 Analysis, Essay examples

Business Strategy Managerial Economics

Question: Discuss about the case study Business Strategy for Managerial Economics. Answer: Introduction This project analyses a business strategy of a mobile service provider. With technological improvement day by day, competition in product market is growing. To keep parity with the current trends, mobile service providers adopt various strategies. There are both advantages and disadvantages of the strategies. Application of Game theory helps to analyse the issues effectively. According to Game theory in market framework, another firm (Manshaei et al. 2013) follows every firms strategy. Therefore, in formulating strategies, every company needs to consider competitors strategy simultaneously. One strategy in competitive market environment of mobile service is using bundling technique. The mobile service provider can provide more than one service in a package to gain competitive advantage over its competitors. A company can use price bundling strategy. In this case, the company can sell multiple services in a portfolio for a lower price than that could be charged for individual selling. These theories are used to analyse the case study. Describing the issues Issue highlighted in this assignment is that what would be possible strategy of the mobile operators in order to increase profit in spite of falling mobile prices. There are multiple options available to the mobile operators. For the service providers, mobile price falling is a matter of concern. As price falls, demand for services increase overtime. Therefore, to deal with this problem, companies offer unlimited voice call service along with free SMS service. This is a strategy of service bundling. This strategy is not enough to compete in the market. Hence, more strategies need to develop for the mobile operator. This is a market of oligopoly, where a few companies operate to provide mobile services. In this market new firms can enter in the market if they have potentiality. In oligopoly market companies can share the total market among them. Direct engagement in price war may result in loss for all the operators (Myerson 2013). One of the main problems that are faced by the mobile operator is rising capacity demand. They need to investment in developing mobile networking. Now the problem is whether all the firms behave rationally or not. Capacity improvement must have some costs such as network maintenance, marketing, technology development etc. If all mobile operators form a cartel, they can maximize industry profit and individual profit. However, the success depends on rationality of the individual firm. If one firm betrays, the cartel may break down (Rapoport 2012). The factors affect the demand for mobile services are accessibility of the network services by consumers, different choices of consumers for broadband services etc. As attractive packages are offered by mobile operators, demand for mobile data plan services are rising. Due to acquire more profit, companies try to offer more data plan. Increasing supply reduces the price of mobile plan. As there are multiple mobile operators in the market, market is shared among them. Therefore profit margin tends to fall (Manshaei et al. 2013). Figure 1: Demand and supply of mobile data plan (Source: created by author) Approaches for mobile operator Describing different approaches: Figure 2: Different approaches for mobile operators (Source: created by author) Bundling theory Bundling technique is strategy, which is applied by different organizations. Company can use service bundling or price bundling. In service bundling, mobile operator company can choose to offer various services as a package. Value added service or cross selling may also be done. This strategy attracts more customers. This strategy is mainly followed in special season. Price bundling is more attractive to the customer. It offers the package of variety services at much lower price than the consumer might have bought those services individually. Bundling strategy is profitable if marginal cost of using this strategy is low (Chung et al. 2013). Game theory Game theory is a model, which depicts market strategy of several existing competitors in the market. It is a useful tool in decision making. Using game theory, one mobile operator can choose strategy after consider other operators strategy in business operation. Nash equilibrium in game theory can be achieved if there is a dominant strategy for each company. Once the company reaches at Nash equilibrium, it would not want to deviate from the chosen strategy. The strategy achieved at Nash equilibrium I optimal solution for the mobile operator. This solution gives best possible utility given opponents decision (Derdenger et al. 2013). In game theory, the mobile operators are said to be rational if they try to maximize their own payoff with the available information. If all players behave rationally to maximize their profit, the decision making would be easier. In order to forming a strategy in game theory, first step is to identify the game element. The mobile operators can choose price, service, cost or capacity improvement in plying game (Kang et al. 2012). If there is imperfect information available to the operators regarding other companies, the game may be continued for several steps to reach equilibrium. The information required for a mobile operating company is performance of Competitor Company in the industry, pricing strategy, marketing strategy, financial performance etc (Trestian et al. 2012). Strategies available to the mobile operators are as follows: Figure 3: Profit maximization strategies by mobile operator (Source: created by author) Possible Solutions Possible solutions of the identified problems can be presented as below. Bundling strategy in game theory for mobile operators in order to increasing profit is as follows: Figure 4: Bundling strategies (Source: created by author) If the mobile operators choose to use bundling techniques, they have options represented in the above table. If the mobile operator chooses to provide multiple service packages, they can offer it at lower price. There is no package available for single service. To increase revenue, the firm can sell single service at higher price. Selling single service at lower price cannot generate much profit. However, in competitive environment it is good policy (Shi et al. 2012). However, this strategy may not be effective. If one firm charges low price for single service, other firm may follow this operator and tend to reduce price of any service. Direct engagement in price war would benefit no firm. Continuous reduction in price would reduce both industry and individual profit. Therefore, offering single service at low price is not a useful strategy for the mobile operator. In order to maximize revenue, the mobile operators can offer multiple services at high price. For the success of this strategy, it is required to take strategy evenly by all firms. It can be done by forming cartel. Cartel can be formed among several mobile operators by negotiating among themselves. If cartel can be formed, all the mobile operators can act as a monopolist in the market. Combined strategy would be to sell single or multiple services at higher price without government regulation (Stucchi et al. 2012). If there is no government intervention, mobile operators can charge price freely. They can set price like a monopolist. They can charge uniform rate for data plan. The charge would be higher. The quantity of service is determined at the point where MR intersects the marginal cost curve. When they act independently, they charge price according to the equilibrium point of intersection, which is lower than monopoly price. As they act like a monopolist, they charge price according to average revenue, which is higher than competitive price. At this price, mobile operator can provide service at higher price. The can make sufficient profit, as the consumer have no other options than to buy service at higher price. They cannot find any other alternative options in the market. There is a chance to maximize industry profit. Figure 5: Pricing strategy of Cartel (Source: created by author) They can offer single service at higher price. In this case also consumers are compelled to avail service. The profit of the individual firm depends on marginal cost of production. If the cost of production is high, that firm would make less profit compared to other firm. This strategy would be successful if all operators behave rationally. If any firm thinks that, it will charge lower price than cartel charge, at short run, it can make huge profit as consumers will move to the firm, which charging lower price. Nevertheless, in long run, this policy cannot sustain. In game theory, irrational actions are chosen by firm; if it thinks that its action would not followed by other firms. This perception is wrong in competitive market. When other firms realize that one firm is behaving otherwise, they start to play independently and try to take random strategy (Katsoulacos and Ulph 2013). If other existing mobile operators tend to reduce price of data plan, this would break down the cartel. In the price conflict, when the price is down below firms individual marginal cost, nothing but loss occurs. Therefore, trust is primary criteria for success of cartel. If strategies of two firms are considered the pay off matrix can be as follows:1st mover Figure 6: Pay off matrix (Source: created by author) In the above pay off matrix, different strategies of profit maximizations are shown. If it is assumed that the mobile operators have chosen three strategies such as minimization of cost, capacity maximization and collusion. The analysis is made for two rival mobile operators in the market. One company is first mover, which chooses decision first. At the time of taking strategies, the first mover takes decision of other firm into consideration. It is also assumed that both the mobile operator behave rationally. If the first mover thinks that 2nd firm may chose to minimize cost in order to the competitive advantage, the best available strategy for 1st firm is capacity maximization. It may happen that the first firm incurs higher cost compared to 2nd mover to provide lucrative data plan services or unlimited phone cal services. In this case, to get competitive advantage over the competitors, it would be strategic to improve capacity. Improvement in data plan, network services, reduction in call drop etc can give first firm a competitive advantage. This strategy would give first firm highest payoff. If both the firm chooses cost reduction strategy, this would give same utility to both the firms. Collusion cannot be formed without consent of other mobile operator; hence, this strategy would give nothing to the first firm. If the second firm chooses to maximize capacity, the first firm would definitely choose maximize capacity, as this would give both the mobile operator equal pay off. It is the optimal strategy for first firm. If the strategy of second firm is to make collusion with first firm, the first firm has two options. One is to agree with the first firm and make the cartel, which gives both the mobile operator highest payoff. Another is making decision independently and choosing capacity maximization strategies. In the latter case, the first firm gets maximum profit and second firm gets nothing. This decision depends on the objective of the firm. If the first mobile operator does not rely on cartel o does not have trust on second mobile operator, it may choose to maximize capacity. Capacity maximization would be optimal solution as it is profitable in long run. If firm can invest in improving mobile services and capacity improvement, it may get cost advantage in future for the expansion of business. Capacity maximization strategy gives the first mover dominant strategy. It is the optimal strategy for the first mover mobile operator. Even if both the firm takes simultaneous decision to maximize payoff, the Nash equilibrium would be the payoff 5 for both the firm. This will benefit both the firm. Therefore, it can be inferred that for all the mobile operators, capacity maximization along with bundling technique would be optimal solution. Conclusion The project analyses the optimal strategy of the mobile operators, who suffer from falling mobile plan price. With increasing demand for data plan and other services such as unlimited free call or SMS service. By providing such benefits to the consumers cannot make sufficient profit in long run. Low price discourages the mobile operator to provide service in long run. Therefore, it would be optimal to take decision for capacity improvement, which can help the mobile operator to provide better service in the market in long term. References Chung, H.L., Lin, Y.S. and Hu, J.L., 2013. Bundling strategy and product differentiation.Journal of Economics,108(3), pp.207-229. Derdenger, T. and Kumar, V., 2013. The dynamic effects of bundling as a product strategy.Marketing Science,32(6), pp.827-859. Kang, X., Zhang, R. and Motani, M., 2012. Price-based resource allocation for spectrum-sharing femtocell networks: A stackelberg game approach.IEEE Journal on Selected areas in Communications,30(3), pp.538-549. Katsoulacos, Y. and Ulph, D., 2013. Antitrust penalties and the implications of empirical evidence on cartel overcharges.The Economic Journal,123(572), pp.F558-F581. Manshaei, M.H., Zhu, Q., Alpcan, T., Bacar, T. and Hubaux, J.P., 2013. Game theory meets network security and privacy.ACM Computing Surveys (CSUR),45(3), p.25. Myerson, R.B., 2013.Game theory. Harvard university press. Rapoport, A. ed., 2012.Game theory as a theory of conflict resolution(Vol. 2). Springer Science Business Media. Shi, H.Y., Wang, W.L., Kwok, N.M. and Chen, S.Y., 2012. Game theory for wireless sensor networks: a survey.Sensors,12(7), pp.9055-9097. Stucchi, T., 2012. Emerging market firms acquisitions in advanced markets: Matching strategy with resource-, institution-and industry-based antecedents.European Management Journal,30(3), pp.278-289. Trestian, R., Ormond, O. and Muntean, G.M., 2012. Game theory-based network selection: Solutions and challenges.IEEE Communications surveys tutorials,14(4), pp.1212-1231.

Network Security and Access Control Internet Security

Question: You are a senior network security professional at your company. Your company has 150 employees. Each employee has his or her own terminal to access the companys network. There are also 15 wireless access points to support access for portable devices. You are charged with the task of assessing the current wireless network vulnerabilities and pointing out how threats can exploit theses vulnerabilities to launch security breaches. In addition, you are required to provide recommendations related to access control to reduce possible risks. Answer: Executive Summary This report deals with the internet security that are vulnerable towards attacks. There are several attacks such as viruses, worms, Trojan Horse, Payloads, Rootkits and Phishing that attack the network. In addition to this, the recommendations of these attacks such as use of antivirus, encryption and turning off identifier broadcasting are also discussed vividly. Introduction With the modernization of the internet, it has facilitated millions of employees, customers and business partners to get an easy access with each other. Hermann Fabian (2014) commented on the fact that the total organizations now days are totally dependent on the IT system for performing the work smoothly and effectively as well as to get a competitive advantage over other competitors. But with this access, the threats regarding the internet breaching has also increased considerably. The hackers and cyber criminals attack the websites, information systems as well as databases of the organization without even entering the organizations host country (Bradbury, 2010). This report will be dealing with the vulnerabilities regarding the wireless network and their ways of attack along with recommendations for reducing the effect of these attacks. Vulnerabilities regarding the current wireless network Viruses- These are the programs that affix themselves to the genuine programs on the machine of the victim. The viruses are spread through emails with attachments, file sharing programs from malicious websites. The virus programs targets the Operating Systems along with its applications for maximizing the damage. In addition to this Coppola et al. (2008) opinioned that through the network applications virus is also spread now days. Payloads- Barnes (2014) had commented that after the worms and viruses have propagated themselves payloads come into action that are the pieces of codes that damage the computer system. The payloads pop up the messages on the screen of the user that do substantial damage by clogging the network with high traffic and thereby shut down the internet. Trojan Horse- According to Farrell (2010) Trojan horses are also the programs that hide itself by erasing the system file and then taking up the name of the system file. They are difficult to detect since they look like the system files. Phishing- According to Karrenberg (2010) in this kind of attack, e-mails messages are sent to the victims that attack the computer system and gives out the sensitive information. The phishing attacks are the authentic looking emails as well as websites that are the major attacks. Rootkits- Rootkits are the programs that prevent the operating system from noticing their presence. Kociatkiewicz Kostera (2009) commented that these Rootkits generally attacks the root account that uses the privileges for hiding themselves. Ways that these vulnerabilities breach the security Denial of Service (DoS) Attack- According to Ramstetter, Yang Yao (2010) a Denial-of-Service attack happens when the attacker bombards a targeted access point continuously with failure messages, commands along with bogus requests. These kind of attacks that are prone to wireless networks. These kinds of attacks are totally based on the protocol abuse as per example Extensible Authentication Protocol (Yau et al. 2012). Here, the attacker attacks in such a way that it is unable to serve the legitimate users. These attacks are more prone towards the wireless networks. This attacks in such a way that a transmitter is set that covers the band where the wireless LAN operates. Teneyuca (2011) commented on the fact that this is done to ensure whether the transmitter is sufficiently powerful for overwhelming the weak. DOS attempts to make the server and network unavailable to provide service to the users by overflowing it with attack packets. Here, the internet hosts that include the clients , servers or both that flood the network and server with the attack packets (Kah Leng, 2015). Eavesdropping- Bradbury (2010) commented on the fact that wireless LANs broadcast network transfer into space where it becomes impossible to know who all are receiving the signals. As a result, the network traffic is subjected to eavesdropping as well as interception by the third parties. It is generally an unauthorized interception of a confidential communication that works on the real time basis. It is much easy to execute with IP based calls rather than TDM-based calls. It is a network layer attack that consists of capturing the packets from the network that is transmitted by others computers. Diagram regarding the network Figure 1: Network Structure (Source: As created by Author) Recommendations for reducing the risk Usage of Encryption- Coppola et al. (2008) commented that encryption is a modern way of securing the networks. In this process the wireless network are encrypted so that it is prevented from the outside intruders. Here, the plain text is transferred into cipher text by use of suitable algorithms. The receiver when receives the message decrypts it by using the secured key that is sent to the receiver by the sender. Turning off the identifier broadcasting- According to Yau et al. (2012) the wireless routers have identifier broadcasting which is necessary for sending out signals for announcing the presence. The hackers in order to hack and break the security, identifies the network and thereby attacks it. To prevent the hackers to identify the broadcasting, one should disable this mechanism in the wireless router. Using the antivirus, firewall and anti-spyware software- The antivirus, firewall etc. are need to be used for protecting the network from the virus attacks, worms, Trojan Horse etc. Teneyuca (2011) had opinioned that these also need to be installed and kept updated to protect the network from the attacks of the intruders. Downloads or surfing of unknown website also need to be reduced to certain extent for preventing the attacks of the intruders. Conclusion This report has dealt with the different kinds of attacks on network along with the procedure how the network is been attacked. In addition to this, the various ways of dealing these attacks are also discussed that help in protecting the wireless network to the maximum extent. The usage of this antivirus, firewalls and other measures helps the users I keeping the organization safe from the hands of the intruders. References Barnes, P. (2014). Using DNS to protect networks from threats within. Network Security, 2014(3), 9-11. doi:10.1016/s1353-4858(14)70030-3 Bradbury, D. (2010). A dogtag for the Internet. Computer Fraud Security, 2010(10), 10-13. doi:10.1016/s1361-3723(10)70132-9 Coppola, M., Jgou, Y., Matthews, B., Morin, C., Prieto, L., Snchez, . et al. (2008). Virtual Organization Support within a Grid-Wide Operating System. IEEE Internet Comput., 12(2), 20-28. doi:10.1109/mic.2008.47 Coppola, M., Jgou, Y., Matthews, B., Morin, C., Prieto, L., Snchez, . et al. (2008). Virtual Organization Support within a Grid-Wide Operating System. IEEE Internet Comput., 12(2), 20-28. doi:10.1109/mic.2008.47 Farrell, S. (2010). Why didn't we spot that? [Practical Security. IEEE Internet Comput., 14(1), 84-87. doi:10.1109/mic.2010.21 Hermann, S., Fabian, B. (2014). A Comparison of Internet Protocol (IPv6) Security Guidelines. Future Internet, 6(1), 1-60. doi:10.3390/fi6010001 Kah Leng, T. (2015). Internet defamation and the online intermediary. Computer Law Security Review, 31(1), 68-77. doi:10.1016/j.clsr.2014.11.009 Karrenberg, D. (2010). DNSSEC: Securing the global infrastructure of the Internet. Network Security, 2010(6), 4-6. doi:10.1016/s1353-4858(10)70080-5 Kociatkiewicz, J., Kostera, M. (2009). Experiencing the Shadow: Organizational Exclusion and Denial within Experience Economy. Organization, 17(2), 257-282. doi:10.1177/1350508409341114 Ramstetter, J., Yang, Y., Yao, D. (2010). Applications and Security of Next-Generation, User-Centric Wireless Systems. Future Internet, 2(3), 190-211. doi:10.3390/fi2030190 Teneyuca, D. (2011). Internet cloud security: The illusion of inclusion. Information Security Technical Report, 16(3-4), 102-107. doi:10.1016/j.istr.2011.08.005 Yau, W., Phan, R., Heng, S., Goi, B. (2012). Security models for delegated keyword searching within encrypted contents. J Internet Serv Appl, 3(2), 233-241. doi:10.1007/s13174-012-0063-1