The world of multinational corporations has witnessed a myriad of scandals involving its top management. However, no scandal has drawn much attention like the Enron Scandal. In 2001, revelations about the Enron Scandal began to resurface. The scandal involving top level management led to the state of bankruptcy of the firm (Sterling, 2002). Additionally, it contributed to the dissolution of one of its partners, Arthur Andersen, an audit firm. Apart from being one of the biggest scandals in the United States history, the scandal exposed the weaknesses in the audit sector. The paper seeks ...
Finance Term Papers Samples For Students
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Most employees in international organizations are charged with the responsibility of writing instructions proposals. A clear step by step outline of proposal instruction is presented below.
Design your executive summary to presents the overview of the entire proposal. Write it in a neat and impressive way because this is the first thing that a potential funder will be looking to. Include brief yet concise statements of the project in the executive summary (Pisoni and White 3). State the problem briefly and provide a clear solution for it by providing with a description of the project. Ideally, all the possible solutions to the problems ...
Developing countries are vulnerable to a number of economic problems; they have struggled with relatively extreme poverty and are likely to suffer from the effects of the current financial crisis globally. To minimize the cost of poverty developing countries need to develop vibrant strategies to increase living standards of their people. In order to achieve high living standards of their citizens and to increase the level of the economy, the government has to liaise with foreign investors especially from developed countries. It has been proofed that foreign direct investment plays a key role by providing the finance that could not be ...
This paper is going to review the concept of conspicuous consumption which is basically the spendthrift nature of expenditure with the subject aiming at displaying his or her supposed high income or much accumulated wealth. It is an act majorly practiced by the wealthy to earn a reputation.
Majorly, “conspicuous consumption is done to maintain the social status of the subject as perceived by the onlookers and people close to the subject, conspicuous consumption is as old as civilization” though the term was coined in the 19th century by one Thorstein Veblen. Before the term to ...
Financial markets in the economy have a role of linking the demanders and also the suppliers of funds. They enable firms and individuals to access capital and invest any surpluses. These are the markets that allow the financial sectors of the economy to run smoothly. However, many individuals do not understand these markets despite their crucial role in the economy. They have varied reasons for their failure to comprehend these markets and these reasons limit their understanding of the markets. This serves as the foundation for the thesis of this paper that is – accountants have a role to play to enhance ...
The global financial crisis was a period during which downturns were experienced in the stock markets, economic activities as well as losses in the housing market all over the world. During this period, banks had to be bailed out by national governments and consumer wealth declined significantly. The result was a major recession between 2008 and 2009 .
This paper looks at the global financial crisis in the world, its effect in the US and measures taken by the US to manage it. This financial crisis was experienced in the world in the late 2000’s and the US was hit ...
- Can schools be managed and operated like business?
Management of schools should take a form similar to any other organization that is geared towards achieving certain results. Management, in a general sense, involves several functions that lead to the coordination of peoples’ efforts in a manner that would make them achieve some desired goals and objectives. These goals and objectives are set by the management of these organizations that undertake the coordination of the said efforts. For the coordination to take place, there must be the deployment of certain resources that must also be used in an effective and efficient ...
Capital punishment is one of the longest raging debates regarding punishment of criminals in the criminal justice system. Capital punishment, commonly referred to as the death penalty, is a method of retribution against capital crimes by killing the perpetrator (Mandery, 2011). The death penalty has received severe criticism in recent years from civil rights groups, activists and pro-life campaigners. The main aim of this paper is to consider a variety of methods used to execute criminals, their history, their effectiveness and peripheral matters regarding this issue.
The death penalty is one of the oldest recognizable forms of punishment for capital ...
Argentina is located in the southeastern part of South America. Its neighboring countries are Brazil, Paraguay, Chile and Uruguay. The size in square kilometers of Argentina is 2,736, 690.00. In 2012, the recorded population of people in Argentina was 41.3 million. Argentina is a federal presidential representative democratic Republic. The President of Argentina is The head of Government and Head of State. Legislative power is vested in the Argentine National Congress and the president. The Judiciary in Argentina is independent of the Legislature and the Executive. The country holds regular elections on n a multi-party system. The Head of Government ...
- Executive Summary
The main perspective of this assignment is to analyze the strategic alliance and its advantage for the company, with the name of Oslo Financial Services that is one of the world’s largest insurance founded specifically in the year 1958 by Stake Blackstrom and his campaign, Kevin Sandbech. The company, offers services in terms of insurance, life insurance, casualty insurance and property insurance The Company had grown tremendously well from last few decades due to its vast and active operations and its propensity to be in the strategic alliance with all of ...
This paper summarizes the key policies that were implemented by the United States Federal Reserve Bank in the period between 2008 and 2010. This time period under review presented a unique economic environment for the Federal Reserve and the US economy as a whole, due to the Global Financial Crisis which begun in the second half of 2008. This paper seeks to understand the key decisions that the Fed took in averting the deepening of the crises, and in steering the economy back on the right course. By and large, the decisions taken by the bank are to a large extent a reflection ...
Section A: Vertical and Horizontal Financial Statements
In this section, we will produce horizontal and vertical financial statements of the company which we will use later to frame a brief report relating to the financial performance of the company over a period of one year, i.e. from 2012 to 2013.
Horizontal Balance Sheet
Horizontal Income Statement
Vertical Balance Sheet
Vertical Income Statement
Section B: Cash Flow Statement
In this section, we will produce a tentative cash flow statement of the company from the given financial statements. Important to note, we will be directly using the numbers from the financial statements and no assumption shall be made related to ...
Traditional management accounting techniques track an organization’s business performance on the basis of long-established systems and standards. Despite this, these techniques sometimes fail to respond to the rapidly changing business environment. Advanced and innovative business practices make certain current accounting practices obsolete or unfit. Numerous problems with traditional management accounting techniques include ineffective and inaccurate measurement of business performance in non-conventional manner. Over time, these practices need to adapt to the changing business characteristics which they tend to measure .
Traditional management accounting is useful for those businesses offering narrow range of products/services and do not manufacture based ...
An accounting cycle is defined as a process of identifying, collecting and analyzing financial transactions. The process of accounting cycle ends with the analysis of financial statements which includes income statement, balance sheet and cash flow. The process of accounting cycle is repeated during each reporting period.
The entries are first posted to a journal and then posted to respective accounts. With the advent of accounting software, a lot of posting has been reduced and the double entries are managed by the software. The accuracy of the software reduces efforts of an accountant.
The various steps of an accounting cycle ...
A Comprehensive overview
It’s of imperative importance to understand the link between financial system and the economy. According to various economists, it is gauged that there are two primary function of finance. As mentioned in The Economist, it essentially performs as an economic time machine, serving savers to haulage their present surplus income into the future, and on the other hand offering borrowers access to future earnings now. Finance also serves as a safety net, protecting against catastrophic unforeseen events. Hence, by performing these two acts, an efficiently running financial system ensures against the bumps in life, providing ...
Dell is one of the largest companies in the computer and technology industry. It was established by Michael Dell, and currently it operates as a public limited company. According to a requirement by SECP (Securities and Exchange Commission) all companies including Dell have to file 10-K report at the end of every fiscal year. This reports contains financial records, and a statement regarding the internal controls are procedures that are present in the company.
There is an audit committee for the company that looks that all the legal and financial matters of the companies are in compliance with the instructions issued ...
The following paper discusses white-collar crime, its effect on society, and theories to address this issue. There will first be a discussion of what white-collar crime is and who are the usual offenders. From there the discussion will shift to the reasoning behind the crime these perpetrators commit. To finish the paper we will look at a case study completed on the mindset of white-collar criminals and I will present two solutions to a problem that could greatly effect the future of our society. There are a variety of sources used for this research including books and a scholarly article. The attempt is not ...
"Never underestimate the other guy's greed." This isn't just a classic line from the 1983 Brian De Palma film Scarface, which was written by Oliver Stone. It also reflects the attitude that has caused the economic disaster we're now clawing ourselves out of. It is safe to say that at least part of the reason for the economic crash of 2008 can be attributed to a lack of ethical conscience on the part of the leaders in business, such as the executives, investment bankers, entrepreneurs, and everyone else whose decisions affected the financial well- being of other people. In this regard, ...
About the company
Headquartered in New Jersey, Johnson and Johnson is an American multinational that is engaged in the production and marketing of pharmaceutical and consumer healthcare products. The company operates under three segments, namely, Consumer, Pharmaceutical, and Medical Devices & Diagnostics that contributed 20.6%, 39.4% and 40.0% respectively to the company’s revenue during 2013.
The major consensus among the leading market analysts is a ‘hold’ rating for the company’s stock amid its strong financial performance during fiscal year 2013. The company exited the year with revenue growth of 6.08% in comparison to the previous year and EPS multiple of $4.92. In addition, ...
Canada Election and Political Party Finances
The much publicized scandal involving Sir John Macdonald the prime minister and the promoters of the Pacific Railway led to the enactment of dominion Election Act (DEA) of 1874. The two parties allegedly gave campaign contribution to Federal Conservative Party so that they may gain favors from the government. The passage and subsequent implementation of DEA shaped Canadian politics as it contains both the requirement one has to fulfill to be appointed a political official and reporting of campaign expense clause (Johnston 214). This was a step to what Canadian politics is today. This Act became subject of amendment whenever a crisis ...
Steps needed to officially establish the company
Before establishing any company, it will be sagacious to reach some legal requirement. What the law requires us to do should be considered whether the company is a sole proprietorship venture or a partnership. In this case, the company in question is a sole proprietorship company meaning that fewer legal requirements will be required as to when the company could have been a partnership.
The first step according to Smith (2011) will be to choose the name of the company. For the registration requirement of the company, the name of the company will be crucial. To make sure that the chosen name ...
Form of Government and Structure
A close analysis of New York City shows that it utilizes a mayor-council system form of governance. The fact that New York City falls is structured under the City Charted offers a comprehensive platform that enhances the success of mayor-council system of governance. Another crucial factor that is worth noting with regards to New York City’s government is that it is more unified than any other U.S. city. This is evident by the fact that the city’s government coordinates a wider array of matters regarding public education, welfare services, water supply, public safety, sanitation, recreational facilities, correctional institutions, as well ...
About the company
Founded in the year 1996, Capital Senior Living Corporation along with its subsidiaries, manages and operates senior living communities in the United States. Headquartered in Dallas, Texas, the company is the largest operator of senior living communities in terms of resident capacity which by December, 2013 counted to 14600 residents in 112 senior living communities in 26 states of the United States. The company provides health and living care services only to the elderly, while the range of services includes:
- Independent Living Services
- Assisted Living Services
- Home Care Services
Mission, overview and strategy
The primary mission of ...
Business Financing and the Capital Structure
It can be a daunting task for any business to decide the best financing option when they are in need of capital to expand their businesses. There is variety of financial resources that businesses can utilize to expand. These categorized into two, the debt and equity. For the debt option, the business borrows money to be repaid back--for example the bank loan. Equity involves a business selling interest to investors in the company. There are several advantages of the debt option. When the lender write a check, he/she does not come back to claim the equity in business and the relationship ends ...
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The concept of disaster bonds: Overview of catastrophe bonds
Capital markets experience a number of risks that cause investors huge sums of cash. Catastrophe bonds (cat bonds) are a form of principal-at-risk debt securities issued by insurance companies to investors that allow direct transfer of low-frequency, high-sensitivity risk to capital markets. Traditionally, debt securities only allowed insurance companies to repay full principal amount upon maturity of the bond. The introduction of catastrophe bonds solved this situation. Upon the occurrence of one or more catastrophe event, the outstanding principal of the insured reduces. Examples of catastrophe events covered by this bond include natural disasters (earthquakes, hurricane), deaths caused by an outbreak ...
Good The Regression Analysis Model That We Have Chosen Regresses The Annual Growth Rate Term Paper Example
for India for a 31 year period starting from 1980-1981 up to 2010-2011 on six independent
variables: Gross Domestic Capital Formation, Net Domestic Savings, Exports, Employment,
Gross Enrolment Ratio and Imports.
Macroeconomic theory suggests that aggregate demand depends on economy’s investment,
savings, exports and imports. We have gone off the beaten track and included two
unconventional variables- the employment in the public and organized private sector and the
gross enrolment ratio. Our objective behind this has been to show how the spread of
education sector and increased employment opportunities affect the annual growth rate of
GDP and to find out if it has had a significant impact on the economic growth of India in the
past few ...
The two most astounding and important types of accounting are financial accounting and cost accounting. By Definition, it is clear that financial accounting is the name or branch of accounting deals with the financial functions or day to day transactions, while cost accounting is the name or branch of the accounting specifically deals with the cost of the material and manufacture the goods are concerned .
There are certain pre-requisites that associated specifically with the cost management functions of an organization, known as Labor, Materials and Overheads. All of these elements are essential for the analytical functions of the ...
The paper is all about analyzing and interpreting the financial condition of ABC Company, a manufacturing company that has specialization in making of cedar roofs and siding shingles. They are expecting sales revenue of $ 3 million in the next year by introducing new projects. Different project evaluation tools have been taken into account to the computing the necessities for the project like Net Present Value (NPV), Contribution Margin, Depreciation and Break Even points.
Having a perfect financial position is a like a dream for every organization in the world, and it is the same aspect due to which many organizations of the world ...
This essay intends to examine a comparative analysis between Coco Cola Company and Pepsi for the years 2012 and 2013. The analysis is focused on the revenues, cost of goods sold, account receivables, account payables and inventory. These items are critical in understanding the financial position of the company as well as the size of niche it occupies in the market (Friedman, 2012). Comparing the tow companies using the listed items will help both the individual shareholders, mangers and interested investors to maker decisions. However, in this case, the managerial benefits from this analysis will be considered.
The case of Coca Cola Company
In this case, ...
The company under study is Coca Cola, which an American Multinational corporation. The company deals in manufacturing, retailing and marketing of nonalcoholic beverages. This essay seeks to examine the competitiveness of Coca Cola Company in relation to other player in the industry such as Pepsi. The selection of Coca Cola Company is of immense significance to the topic under study because it offers a good background of financial statement analysis.
As a point of departure, Coca Company is one of the primary players in the beverage industry and this analysis will provide a glimpse of the company’s operations and elements ...
Balance Sheet:a)What components of stockholders' equity do each of the companies disclose?
Referring to the balance sheet of both the companies, below is the information relating to stockholder equity:
The company during 2013, has total stockholder equity of $3242.84 Million with the components of stockholder equity as follows:
- Common Stock(Authorized and Issued)
- Capital Surplus
- Retained Earnings
- Treasury Stock(at cost)
General Mills Inc:
Noted from the balance sheet of the company for the year 2013, the total stockholder equity of the company was reported to be $3242.84 Million with the component of stockholder equity as follows:
- Common Stock(par ...
Accounting Standard followed by the company
i) General Mills Inc:
Referring to Note 1 of the financial statement, we notice that General Mills Inc follows Generally Accepted Accounting Principle(GAAP).
ii) Meiji Holdings:
Referring to the Note 1 of the consolidated financial statements, we find that Meiji Holdings are following Generally Accepted Accounting Principle(GAAP) in Japan. In addition, the company specifically declares that the consolidated financial statements of the company are not prepared in accordance with GAAP standards prevalent in countries or jurisdictions other than Japan.
Accounting Standard followed by the auditors
i)General Mills Inc:
Referring to the report of external auditors, we find that the consolidated financial statements of the company have been audited by KPMG LLP using standards of Public Company Accounting Oversight Board(United States). The ...
Generally, when we plan to analyze the performance of any organization we calculate the financial ratios of the company and then critically analyze these ratios with current and past performance and with the results of the competitors. There are some performance measurement tools that require comprehensive data in order to comprehend the performance of the company. With changing dynamics of the business environment and the complexity of the tasks performed by companies, these performance measurement tools are given their due share of consideration by financial analysts now. (Jack, 1997) The company we will analyze is Bank of America. Bank ...
Cheniere Energy Inc. based in Houston is choosen as the company for the required analysis. It is into the business of LNG. The financial statements of 2013 have been taken and studied for the flexible budget.
Flexible Budget showing three different growth rates
The growth rate of sales for the past three years is 2.73% . As seen from the financial statements of Cheniere the revenues and expenses are not growing at the same rate. In the past three years, there is a fall in revenue in 2012 which has slightly increased in 2013. There was also a fall in the revenue in 2011 as compared to its previous ...
- What theory or theories of crime best justifies or justify the imposition of capital punishment
There are several legal theories that justify capital punishment in many jurisdictions. In such a punishment, the state puts one to death as a punishment for the crimes they may have committed. Legally, only capital offenses can attract capital punishments. The death sentence has always elucidated various reactions from the public, with some opposing it, and others support it. For instance, as of 2014, only 58 nations in the world actively practiced this punishment. 98 countries have so far abolished the punishment because it ...
JetBlue Airways Corporation is an American airline which provides low cost, but high quality services by imposing advance technology and effective customer service. The airline was founded in 1998 and is headquartered in Long Island City nearer to New York City (JetBlue Airways).
The fundamental business strategy is cost leadership and differentiation. JetBlue Airways has aggressively cut down the cost without neglecting the quality and comforts that customers want. Company aimed to develop efficient cost structure which supported low fare rates with standard quality services. The fares offered by company are almost 50% lower than other airlines. For ...
Coca Cola Company
Coca-Cola Company is one of the biggest manufacturing firm which produces soft drinks in the world. It has its operation in more than 200 countries, and it sells around 1.6 billion servings of Coke, Fanta and Sprite in each day. It is an American company and produces carbonated soft drinks sold almost all over the world under the trademark of Coca-Cola.
AT&T is an American multinational company established to deliver telephone service in the United States. At present, it stands as the largest service provider of mobile as well as fixed telephone line. It is ...
The Boeing Company designs, develops, sells and services aerospace/defense products. The company belongs to industrial goods sector. It has five business segments: Boeing Military Aircraft, Commercial Airplanes, Global Services & Support, Network & Space Systems, and Boeing Capital. The Commercial Airplanes segment manufactures and services commercial airline where Boeing Military Aircraft manufactures and services military airline. The Network & Space Systems segment researches, develops, and modifies electronics and information solutions; tactical missile and defense systems; and space study products. The Global Services and Support segment provides integrated logistics; maintenance, and improvements for aircraft; and training system. The Boeing Capital segment facilitates financing ...
Because of the vibrant construction industry, companies that deal with steel production have healthy financial records. The two companies that I will analyze are; the United States steel company and the second company is steel dynamics Inc. this are among biggest producers of steel and other carbon products in the United States and are considered as high performers by all means. United States Steel Corporation was established in 1901 by four people, and they were Elbert Gary, Carnegie andrew, J.P Morgan and Schwab Charles. The corporation implemented its diversification strategy in other activities and has gone into various industries ...
Apple Inc: Financial Analysis
Liquidity Ratios are used to judge short term solvency of the company as if it have sufficient working capital to pay off its short term obligation. Generally, two measures of Liquidity Ratios are used by the analyst to adjudge the liquidity position of the company:
- Current Ratio
- Quick Ratio/Acid Test Ratio
1) Current Ratio: Calculated as ratio of Current Asset and Current liability, this liquidity ratio is considered to be true indicator of a firm’s liquidity.
Current Ratio: Current Assets/ Current Liabilities
2) Quick Ratio: Also known as Acid Ratio and a more stringent measure ...
Finance is a broad field in which there are numerous things stride upon. Finance and accounting is defined from two different aspects and both of them have their own significance and importance in particular. Accounting is the name of recording and interpreting daily data and information of the company, while finance is the name of better utilizing of company’s funds in different areas such as numerous business practices, operational activities, making purchases and investment to capitalize their funds .
The essence of financial modeling is increasing day by day in number of countries across the globe, as ...
1. Suggest a methodology to supplement the traditional methods for evaluating the capital investments of Johnson Controls in the emerging markets to reduce risk providing a rationale of how risk will be reduced.
The nature of the specific risk and projects usually determine the methodology to be implemented for the evaluation of capital investments. There are several traditional methodologies that management uses to measure the effectiveness of a specific investment. The three most popular methods for the evaluation of capital investments include; payback period, internal rate of return (IRR), and net present value (NPV). For further specificity, NPV and IRR are ...
Norway has a mixed economy structure with government controlling the crucial sectors of the economy. The economy growth is majorly sustained by its natural resources. For a long time, the economy export had been supported by shipping. The key industries in the Norwegian economy are the petroleum and natural gas, food processing, textile, and shipping, among others. Norway’s currency is referred as the Norwegian Krone (NOK). Its current GDP stands at $499.98, and the GDP per capita is 53,293. The paper addresses the macroeconomic elements of the Norwegian economy, by looking into the present economic condition, as well as ...
Financial Accounting and Reporting:
Financial accounting refers to the process of recording, summarizing and reporting of the accounting transactions. The objective of financial accounting and reporting is to provide an accurate image of a company’s financial standing to the users of the financial statements. Important to note, that, all the financial reports made under the financial accounting process are as per relevant accounting standards as US GAAP or IFRS.
Financial reporting is the by-product of the process of financial accounting and includes the following:
- Preparation of the financial statements which includes; Balance Sheet, Income Statement and Cash Flow Statement
- Notes to the financial statements
- Press Releases and Conference Calls for declaration of quarterly ...
History and Overview:
Headquartered in San Jones, California, Adobe Inc is a multinational computer software company. The chief operations of the company include development of multimedia and creative software products along with rich internet application software development.
The company was founded in the year 1982 by John Warnock and Charles Geschke, both of whom were employees of Xerox PARC. The very first product launched by the company was Post Script followed by Digital Fonts. However, the very first consumer software launched by the company was Adobe illustrator which was a vector based drawing programme designed especially for Apple Macintosh. Today, the company offers ...
Overspending occurs when one uses savings and build up debts. Planning personal budget helps to solve such cases and controlling use of funds. It requires personal discipline as the amount saved and what they are intended to purchase to be fulfilled. Budgeting helps to answer the question of whether one can afford what is spending or intending to do. It helps in decision making in regard of time in comparison with income, saving and cost of the product. One gets to understand spending and prioritizing making stick to the goal or the objective of saving.
There is a technique ...
Analysis of the Collapse of Enron
Every business venture can be characterized by a series of ups and downs. A startup business, for example, may initially face a lot of problems, big problems at that, perhaps to make both ends meet. After the initial stages, the business may enter a period of stability. And that is where the cycle of ups and downs often begins. Enron, a business that started in the 1980s as a securer of oil and natural gas pipelines in the United States, is not an exemption. Its business life cycle may well be characterized by a series of ups and downs too. Enron’s earliest ...
The housing bubble and its subsequent burst in late 2006-07, were cited as one of the primary reasons for the financial crisis of 2007-08 that left the whole global economy in tense situations. In the US alone, millions of people went homeless, and thousand of real estate companies were having unsold homes and commercial properties. The financial pundits and researchers blamed the easy financing and relaxed regulation on the financial sectors that fed into the bubble, allowing it to grow to proportions and such level, from where it was not possible for the federal system to save the economy ...
Budgeting is a critical process in finance planning and management as it presents a platform for forecasting future performance based on operational and finance estimates. In that respect, the organization’s planning is based on the budgeting process that involves a number of budgets that are finally incorporated in the final financial forecast statements. Thus, each department and operational functions should have budgets that spell expected output and costs hence providing an overview of how the organization is expected to perform. As the director of finance for Mobitel Ltd, the following are guidelines and instructions as to the preparation of a cash budget ...
Since the recent opening of Shanghai Free Trade Zone in late September 2013, our company AdFinx, a multinational corporation specialized in financial consultancy services for the industrial segment, has fallowed with great interest the development of this business hub, identifying it as a relevant and authentic opportunity for its business development plans.
Being aware of the significant potential of Shanghai Free Trade Zone in terms of new business opportunities and knowing the international and national laws and regulations that refer to foreign investments, we would like to manifest our interest for placing AdFinx company within this Chinese financial hub, contributing, ...
Stock Recommendation: BUY
Novartis, one of leading pharmaceuticals companies of world, is considering a proposed asset exchange with another pharmaceutical company- Merck and Co., according to a news report on Bloomberg. We have chosen to analyze the impact of the deal on Novartis. And we have concluded that if this deal falls through, it will create positive synergies for the company Novartis. We have determined the net effect of this deal on the revenue and profits of the Novartis and incorporated the synergies in our valuation to determine the intrinsic value of the company. Based on the ...
Economic globalization has advantages and disadvantages existing side by side. Developed countries like china face both challenges and opportunities because of economic globalization. However, they indeed stand a better chance in this regard than the developing countries. Over the past, china leaned that isolation from other economies in the world most likely leads to backwardness. As a result, it has sought to participate in international trade in order to boost its economy and enjoy the benefits of international trade. This paper will address the positive effects that economic globalization has made in China over the past 30 years.
In as ...
After the Great Wars that shook the status quo in the 1900s up to the late 90s, many believed that peace would no longer be threatened by worldwide conflict. However, this relief had been shattered when a group had decided to attack several key installations of the world’s only superpower on September 11, 2001, returning the fear that was once felt in the time of the Great Wars. With a group known as Al Qaeda taking responsibility over the crime, the US and its allies have declared “The War on Terror” against groups such as Al Qaeda across the globe. ...
This argument is rather pedestrian, especially considering that the modern society is based on co-existence. Taking the United States as an example, multi-cultural societies are inevitable in the contemporary world, where globalization is the force behind the destiny of the human race. Race should not be the determining factor as far as what one will do is concerned. On the contrary, all races should be treated equally with such doctrines as the equal employment opportunity being the guiding principles. The origins of this person’s logic could be the basic reasoning of a person in a society with class conflict, with ...
Cultural anthropology, as a practice, notes the fundamental and subtle differences between cultures in an increasingly globalized world. As the world gets increasingly smaller, cultural anthropology will become more complex, especially when it comes to economic systems and how they interrelate. Globalization has led to increased access to foreign goods; various economic and cultural theories will be used to explain the effects that the melding of different cultures and markets are having on the way nations and peoples interact economically. A shift towards democratic autonomy is suggested as a potential solution for the complexities of melding different economic systems in a globalized ...
A vast contraction in world trade and the global economic environment leads to the financial crisis experienced today as countries fight for market share in the international trade. Most governments face pressure from their neighbors to create wealth and jobs creating a complex system governing commerce between states. The above situation creates desperate times that lead into desperate protectionist measures (Wyk 1). China fears protectionism having experienced the biggest ever financial crisis in 2009, and struggled over years to build its economy to its current position. China recorded 8% Gross Domestic Product (GDP) growth in 2009, a situation attributed to falling ...
The continuation of QE3 without tapering can have advanced effects on the economy. This is because it has shown very little improvement. This is evidenced through the report from the U.S. fixed income at Los Angeles which manages more than $128 billion. According to this body, QE3 was meant to target unemployment and the labor market. Nevertheless, the program was also designed to increase in the interest rates and slow or bring to and end the economic recovery. For instance, the program has helped to the fall of inflation rates in the U.S.
According to (Zumbrun and Catarina1) ...
[Your Full Name]
Profitability of the company
The profitability of the company is determined by the benchmarking of different returns on the total sales of the company. Some of the basically used methods here are gross profit margin, net profit margin, revenue per employee, and other margin ratios in company’s income statement and balance sheet. The revenue of company is in increasing trend. Approximate revenue of $29 million reached mark of $37 million in 2011, and reached the level of $50 million by 2012. There is significant growth in the revenue model of company as it has ...
1. Balanced Scorecard Approach and its Perspectives
Balanced Scorecard (BSC) is a radical way of appraising organizational performance and the concept was officially unveiled in the year 1992 by Robert Kaplan and David Norton. BSC, born in the Harvard Business School, was a radical concept at its time. Prior to the origination of BSC, only financial measures were used for organizational performance evaluation. However, BSC was the first concept ever which went beyond pure financial measures for evaluating an organization’s performance. This concept was the first to use a holistic approach toward performance evaluation of organizations as also using indictors ...