Assessment 5 PRINTBusiness Entity Implications for ContractsDetailsAttempt 1AvailableAttempt 2NotAvailableAttempt 3NotAvailableToggle DrawerOverviewWrite a 3–page executive briefing of potential factors and issues associated with four types of business entities in the context of U.S. contract law.One of the most common ways in which business managers are involved with business law is in relation to contracts. Organizations of almost any size will most likely need to create, negotiate, review, approve, adhere to, and resolve conflicts associated with contracts. A business determines its legal standing by determining what type of legal entity it should be identified as. The type of legal entity can significantly impact how contracts are handled, as well as how they are interpreted by the courts.SHOW LESSBy successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:Competency 2: Evaluate the role of contracts in commercial transactions. Analyze contract creation and negotiation for the most common types of business entities.Analyze contract approval for the most common types of business entities.Competency 4: Evaluate legal options to create a business entity. Analyze contract liability for the most common types of business entities.Analyze how choosing among the most common types of business entities affects the ability to sell a business.Competency MapCHECK YOUR PROGRESSUse this online tool to track your performance and progress through your course.Toggle DrawerResourcesSuggested ResourcesThe following optional resources are provided to support you in completing the assessment or to provide a helpful context. For additional resources, refer to the Research Resources and Supplemental Resources in the left navigation menu of your courseroom.Capella MultimediaClick the links provided below to view the following multimedia pieces:Analyzing a Case Law | Transcript. Throughout this course, you will be required to submit case law analysis papers. This multimedia presentation points out key areas of a case law. Use this presentation to help you complete your case analyses. Refer to this media as often as you need to.Business Law Foundational Concepts | Transcript. This media piece offers interactive flashcards that you can use to learn (or review) foundational terms and concepts in business law. Refer to this study aid often and as needed.SHOW LESSLibrary ResourcesThe following e-books or articles from the Capella University Library are linked directly in this course:DuBoff, L. D. (2004). The law (in plain English) for small business. Naperville, IL: Sphinx Publishing.Course Library GuideA Capella University library guide has been created specifically for your use in this course. You are encouraged to refer to the resources in the BUS-FP3021– Fundamentals of Business Law Library Guide to help direct your research. Pay particular attention to the Capella University Library Legal Research Library Guide linked within.Internet ResourcesAccess the following resources by clicking the links provided. Please note that URLs change frequently. Permissions for the following links have been either granted or deemed appropriate for educational use at the time of course publication.Nolo. (2013). Nolo law for all. Retrieved from http://www.nolo.com This resource provides helpful background on a range of legal issues. You may find the Free Legal Information section of the site particularly helpful.Bookstore ResourcesThe resources listed below are relevant to the topics and assessments in this course and are not required. Unless noted otherwise, these materials are available for purchase from the Capella University Bookstore. When searching the bookstore, be sure to look for the Course ID with the specific –FP (FlexPath) course designation.Miller, R. L., & Cross, F. B. (2018). The legal environment of business: Text and cases (10th ed.). Boston, MA: Cengage.Assessment InstructionsFor this assessment, consider that you work as a manager in a relatively small, privately-owned U.S. business. The company president (who is also the owner) inherited the company from his father, and thus has never started a business. He is considering creating a spin-off business (possibly with one or two associates), but is unsure of which type of business entity would be best to use for that new business. The new business will be utilizing numerous suppliers and distributors, and thus contracts will play a major role in the success of the business. The president knows you took a university-level business law class, and asked you to put together a paper analyzing the four most common business entities in the context of contracts to help him decide what to do.Research each of the following types of business entities:Sole proprietorship.Partnership.Corporation.Limited liability company (LLC).Consider potential factors and issues associated with each of these types of business entities in the context of contract law. Write a paper analyzing the following for each of the above four types of business entities:Who in the business entity would typically create and negotiate a contract? Explain the pros and cons of each entity in this context.Who in the business entity would typically approve and sign a contract? Explain the pros and cons of each entity in this context.Who in the business entity would have liability associated with the contract? Explain the pros and cons of each entity in this context.What are the effects of the type of business entity on the ability to contract for the sale of the business? Explain the pros and cons of each entity in this context.Based on your executive audience, your executive briefing should be no more than three pages, and should be well organized and written in clear, succinct language. Follow APA rules for attributing sources that support your analysis and conclusions.Academic Integrity and APA FormattingAs a reminder related to using APA rules to ensure academic honesty:When using a direct quote (using exact or nearly exact wording), you must enclose the quoted wording in quotation marks, immediately followed by an in-text citation. The source must then be listed in your references page.When paraphrasing (using your own words to describe a non-original idea), the paraphrased idea must be immediately followed by an in-text citation and the source must be listed in your references page.Business Entity Implications for Contracts Scoring GuideVIEW SCORING GUIDEUse the scoring guide to enhance your learning.How to use the scoring guide

Write a 3-4 page report that compares analytic methods used to develop solutions to a business problem, recommends a method, and proposes a plan for using the results of the analysis.IntroductionThis portfolio work project will help you evaluate classification techniques for addressing business problems.ScenarioThe marketing department at a large financial services organization recently had its budget slashed and is asking for the help of the analytics team in maximizing the use of its budget by making sure the same prospective customers are not being contacted in such a way or at such times that money is being wasted on prospects who are not interested in opening an account with the institution.Your RoleYou are the head of the marketing department at a large financial institution. You have collected and provided the data to the analytics team and asked them to analyze the data and provide recommendations back to you.RequirementsThe analytics team has returned two possible solutions. You need to review them and draft a summary of the pros and cons of both methods, as well as recommend actions and propose an implementation plan for the entire marketing department. The marketing department, as a group, will then decide on an appropriate plan of action and prepare to present that plan to the company executives. Solution 1 [DOCX]. Solution 2 [DOCX]. Write a report for the marketing department that includes the following: Compare the analytic methods used in each of the two solutions. Pay specific attention to the applicability and usability of each method. Evaluate the appropriateness of each method for the business problem being addressed and the data being used. Recommend one of the two solutions, and explain why the solution you recommended is the optimal one. Propose a plan for using or implementing the results of the analysis. Deliverable FormatThe Comparison of Analytic Methods is a professional document and should therefore follow the corresponding MBA Academic and Professional Document Guidelines, including single-spaced paragraphs.Be sure you also include: Title page. References page. APA-formatted references. 3–4 pages in addition to the title and references pages. At least 3 supporting resources. Written for non-analysts. EvaluationBy successfully completing this assessment, you will demonstrate your proficiency in the course competency through the following assessment scoring guide criteria: Competency 2: Apply insight gained from classification techniques to business decisions. Evaluate the appropriateness of analytic methods used to address a business problem. Recommend a solution. Propose a plan for using or implementing the results of the analysis. Competency 3: Analyze data using appropriate techniques to support business decision making. Compare the analytic methods used to develop solutions to a business problem. Competency 4: Present the results of advanced data analysis in clear and meaningful ways to multiple stakeholders in support of business decisions. Correctly format citations and references using current APA style. Write content clearly and logically with correct use of grammar, punctuation, and mechanics. Faculty will use the scoring guide to review your deliverable as if they were a member of the marketing department. Review the scoring guide prior to developing and submitting your assessment.Criteria Non-performance Basic Proficient Distinguished Compare the analytic methods used to develop solutions to a business problem. Does not compare the analytic methods used to develop solutions to a business problem. Describes the analytic methods used to develop solutions to a business problem. Compares the analytic methods used to develop solutions to a business problem. Compares the analytic methods used to develop solutions to a business problem, paying close attention to the applicability and usability of the methods. Evaluate the appropriateness of analytic methods used to address a business problem. Does not evaluate the appropriateness of analytic methods used to address a business problem. Explains the appropriateness of analytic methods used to address a business problem. Evaluates the appropriateness of analytic methods used to address a business problem. Evaluates the appropriateness of analytic methods used to address a business problem and supports evaluation with relevant evidence. Recommend a solution. Does not recommend a solution. Recommends a solution but does not explain why it is the optimal solution. Recommends a solution. Recommends a solution and explains why it is the optimal solution. Supports explanation with relevant evidence. Propose a plan for using or implementing the results of the analysis. Does not propose a plan for using or implementing the results of the analysis. Proposes a plan for using or implementing the results of the analysis but the plan is unsupported by evidence. Proposes a plan for using or implementing the results of the analysis. Proposes a plan for using or implementing the results of the analysis and offers compelling evidence to support proposed plan. Correctly format citations and references using current APA style. Does not correctly format citations and references using current APA style. Uses current APA to format citations and references but with numerous errors. Correctly formats citations and references using current APA style with few errors. Correctly formats citations and references using current APA style with no errors. Write content clearly and logically with correct use of grammar, punctuation, and mechanics. Does not write content clearly, logically, or with correct use of grammar, punctuation, and mechanics. Writes with errors in clarity, logic, grammar, punctuation, and/or mechanics. Writes content clearly and logically with correct use of grammar, punctuation, and mechanics. Writes clearly and logically with correct use of spelling, grammar, punctuation, and mechanics; uses relevant evidence to support a central idea.