final Flashcards
What taxes needs to withheld from employees, what is an employer portion?
For employees the following is withheld:
Federal Income Tax based on form w4
SS - 6.2%
Medicare 1.45%
employers must pay:
SS 6.2%
Medicare 1.45%
List 5 website systems development life cycle
- System analysis/planning
- System design
- system building
- Testing
- Implementation of service
Briefly differentiate between simple, two-tier and multi-tier web architecture.
Simple: serves static web pages
Tiered: serves dynamic web pages and data (e.g. product sales)
2-tier: request page from server, and database provides backend for data storage
multi-tier: includes middle tier app servers, mail servers, databases. Also includes backend enterprise systems
What is done in system analysis/planning
Start identifying objectives for the site
Then list system functionalities
what is done in system design
logical design: data flow, functions, databases
physical design: server specifications, software, connections to front/back end
what is done in testing
unit testing: test program modules
system testing: test site as whole
acceptance testing: test if business objectives satisfied
- We discussed six technologies that will enhance eCommerce, what are they?
- chat program
- order management
- automated RMAs
- different online payment methods
- web advertising
- data mining
What are the available payment options of eCommerce?
credit card (account with bank) COD debit cards (bank account info) paypal Electronic fund transfers (for large amounts bank credit line
What shipping methods are available for eCommerce?
- trucking
- UPS/FEDEX/USPS
** volume shipping rates
Explain how one can decide which car to buy based on decision making strategy.
Score the product based on different categories with different weights.
e.g.
Price weight 10 Interior comfort 8 Durability 5 Repair record 5 Performance 3 Handling 2 Trade-in value 3
Define organizational power and how can one obtain it?
Power is the total amount of influence that an individual has to influence behavior of people.
Gain power by: Knowledge, skill Respect others Build power relationships Control important information Gain seniority Build power in stages
Differentiate between exempt and non-exempt employee based on IRS guideline.
An “exempt” employee is one that is exempt from the overtime requirements.
Executive, professional, and administrative employees can qualify as “exempt”.
Exempt employees are defined as “exempt” by what they do, not by how they are paid.
Differentiate between an employee and a contractor based on IRS guidelines.
The general rule is that an individual is an independent contractor if the payer has the right to control or direct only the result of the work, not what will be done and how it will be done.
Real estate investment
First investment should be a place to live.
Positives
Appreciation
Tenants pay your loans
Negatives
May have negative cash flow
May be vacant
Not liquid
What are these: IRA, Roth IRA, 401/403K.
These are tax shelters.
IRA: dont pay tax up front, pay when your income is low later
Roth: Pay tax up front and let it earn interest tax free.
What is an IPO
initial public offering
- buy stocks directly from company or through banker
Secondary market
After the initial offering, stock may be traded at secondary markets.
What are mutual funds?
Professionally managed diversified portfolio of securities.
A portfolio is a collection of investments assembled to meet goals. They are diverse (limit risk and maximize returns)
What are Bull and Bear Markets
A bull market is a period of generally rising prices.
A bear market is a general decline in the stock market over a period of time
What is the Decision making process
- Identification of decision criteria
- Allocation of weights to criteria
- Development of alternatives
- Analysis of alternatives
- Selection of an alternative
- Implementation and evaluation
What is Foreign Exchange markets
It is the market for trading currencies.
This market determines the foreign exchange rate.
List insurance needs of a business.
building merchandise liability workers comp umbrella and more...
Write the PHP code necessary to connect to a database.
$conn = mysqli_connect($servername, $username, $password, $dbname);
Write the PHP code necessary to update the inventory after you sell items.
……
What needs to be done to start a business in Texas.
- create a business plan
- Choose a name and register it.
- Register for Tax ID
- Hire Employees
- Get a resale certificate (if buying/selling)
What needs to be done to start an ecommerce business?
- Determine model of ecommerce
- Register business name
- Get broadband
- build website
- setup payment method and/or web services
What is short selling?
Short selling is selling securities or financial instruments that you do not own.
If the price of the instrument rises, then a loss occurs to buy back the instrument.
Differentiate between common stocks and preferred stocks.
Common stock:
The majority of ownership in a corporation
Preferred stock:
Gives stockholder extra rights.
e.g. dividends
What is a put?
A PUT is an option to sell at a certain price for a certain amount of time
What is a call?
a CALL is an option to buy at a certain price for a certain amount of time
How do bond prices go up or down?
In a decreasing interest market, value of your bond could increase
In an increasing interest market, value of your bond could decrease
What is zero coupon
A bond bought at a price lower than itsface value
What happens if you hold a bond to term?
The bond matures and you get your investment back.
Meanwhile you collect interest at the coupon rate.
What are the online shopping risks
- fake sites
- fraud: seller never sends item
- escrow sites that capture your information
- doing business with unencrypted sites
- hidden charges
How can you minimize risks of online shopping.
- buy from reputable sources only.
- know how to spot fake sites
- make sure you enter secure sites.
- make sure site has been established for a long time.
What is on a balance sheet?
List of all assets
List of all liabilities
The difference in owner’s equity (assets - liabilities)
What is on the income statement?
This shows if the company is profitable
What is on the cash flow statement
This shows the movement of incoming and outgoing cash money for one year.
What is the purpose of umbrella insurance?
Umbrella insurance refers to liability insurance that is in excess of specified other policies and also potentially primary insurance for losses not covered by the other policies.
What is a first price auction example?
Sealed bid
open bid
dutch
What is second price auction?
Its a sealed bid auction where the highest bidder wins but pays the amount of the 2nd highest bidder
ex. vickrey (VCG)
What zoning would you need to start a business?
To start a business, you would need commercial zoning. (Category “C”)
What is an assumed name certificate? Who needs it?
It is needed by a business that conducts business under the name of something other than the business’s legal name
What tax ID’s does a business need?
Federal tax ID
state sales tax ID
What is a government bill?
a debt security maturing in less than 1 year
what is a gov. note?
a debt security maturing in less than 1 to 10 years
what is a gov. bond?
a debt security maturing in more than 10 years
what is a municipal bond?
a bond issued by localities to fund public projects like roadways
what is a zero coupon bond
A zero-coupon bond is a debt security that doesn’t pay interest (a coupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its full face value.
