Reference no: EM132306492

Please pick one of the following fact patterns to address:

Scenario 1: Your business experiences a prolonged power outage during a major storm. Additionally, some equipment and real property may have damage. Your company is only two years into operation and employs two (2) salaried professional staff and three (3) clerical workers who are paid hourly wages. You've taken entrepreneurial lessons from your favorite professor's (NOT Dr. Elking) class, and have sufficient business interruption insurance, provisions for Force Majeure events within each of your existing contracts, and you even have a continuity of operation plan which includes remediation and restoration contracts for your business' structure. Please provide five (5) concerns you will address and/or actions that you will take to quickly move your business back into operation.

Scenario 2: Class discussion inspired you to collaborate with your favorite professor (again--NOT Dr. Elking) on an abstract for a conference being hosted at Walt Disney World Resort, June 10-14, 2019. The conference topic you have chosen aligns best practices in audit as related to your chosen field. As a presenter, UHD is providing $500.00 per student for airfare, but the other funds for expenses are not clearly articulated. Reading the University's policies, you see a preference that students minimize expenses, restrictions on the number of overnight stays required as tied to actual presentation dates, and rules prohibiting gratuities/tipping more than 10% on food. You will also be mandated to provide paper receipts for any transportation. Please provide five (5) logistics and procurement related questions and/or solutions to ensure that you a) are at the conference June 10th - 14th, b) that you are reimbursed fully for all expenses (15 meals and transportation), and c) that you address the possibility that non-UHD family or friends may wish to join you.