ACCT 002 Lecture Notes - Lecture 10: Use Case Diagram, Data Definition Language, Interactive Computing

• School: College of The Sequoias
• Department: Accounting (ACCT)
• Course: ACCT 002
• Professor: Chaojibai

Document Summary

Internet eg. travel companies (thomas cook): new ways to work, telecommuters individuals who use mobile technology and/or network connections to work remotely from the office. Isolation: free agents individuals who chose to contract out their services and are not tied to an organization. Unpredictability in scheduling and work: types of businesses. Adv: easy to start as little capital needed, owner makes all decisions, all profits go to owner. Dis: unlimited liability (liable for all his debts, money and assets, all losses go to owner, difficult to raise capital to start. Business owned by number of people and operated under written permission. Adv: unlimited numbers of shareholders, easy to raise capital, risks shared. Dis: difficult to start, profits are shared, owners have less control over decision making, easy to start business, easy to raise capital, more skills available, shared decision-making. Dis: each partner is liable for debts, conflicts arise btwn partners.