Essays on Banking

1.) The best way for an HR manager to prevent an EEOC claims filed against the organization is to encourage the employees to create a work culture and environment that promotes diversity, deters employment discrimination, and sexual harassment. The HR manager should implement serious guidelines to prevent any form of discrimination inside the place of work. It is imperative to develop training programs that promotes job satisfaction and improves the quality of performance. The employer should increase diversity awareness to prevent potential offensive behavior among the employees.

2.) (1) Hannah cannot be forced to submit her claim to arbitration ...

The Structure of the U.S. Banking System

Introduction

During the recent global financial crisis, critics have posed the question: does the repeal of Glass-Steagall have a positive or negative effect on the banking industry? Review of the structure of the U.S. banking system has culminated in some consensus that the U.S. government should bring back the Glass-Steagall Act. This is consistent with reporting by the FDIC (Federal Deposit Insurance Corporation), that more than one hundred twenty banking institutions have failed between 2007 and 2009, and this was largely in part due to high risk investments (i.e. mortgage backed securities).

First ...

Introduction

One of the most enigmatic figures of modern times is Hungarian-American business man George Soros. George Soros is the chairman of the Soros Fund Management, an American hedge fund company that was established by George Soros in 1969. The company is headquartered in New York and as of 2010 the company was recorded as the most profitable firm in this particular industry . According to Ahmed (2011), the company’s average rate of return is an astounding 20% per year since the 1980s. The Soros Fund Management is an investment adviser and its primary client is the Quantum Group of ...

Introduction

Absorption costing or full costing refers to a costing system that treats all the production costs, regardless of whether they are fixed or variable. On the other hand, variable, marginal, or direct costing refers to a costing system where the costs of production that vary with the output are essentially treated as product costs. If Patty wishes to show the maximum profit to the bank over the preceding two years period, she should present full costing or absorption costing because the profits determined by variable costing method are not proper and true. The reason why they are not proper ...

Introduction

The practice of ethics demands professionals to undertake acceptable procedures and avoid unethical habits. Although not all ethical best practices are guided by law, the foundation of ethics in Natural Law and other episteme from the field of Philosophy encourages us to consider rules to conduct (Wines, 2005). However, professionals often engage in corrupt behavior in which they undermine their professional ethics (Brooks, 2010).

During a trip to an African city, I witnessed the first case of corruption in observation of hiring practices. Preferential treatment was given by a recruiter hiring for “sensitive” jobs in the country. Candidates were ...

The constitutional doctrine of the independence of the judiciary is one of the key pillars of a functional judiciary. However, this has been used by most judges and judiciary officers a means to escape accountability for their actions and decisions. They hide behind the confines of judicial independence thus making biased decision premised upon irrelevant matters.

Therefore, it was surprising to see that judges and judicial officers are subject to administrative oversight and accountability. What is even more encouraging is the fact that judicial officers are urged to conduct their business in an ethical and legal manner. In addition ...

Question 1

The American economy is just making a comeback from the 2008 economic recession. The recession took the economy to its lowest point in 25 years. The recession arose from the housing bubble, which led to the eventual disintegration of the financial markets. The housing market caused the disintegration of the markets due to irresponsible activities by investors and financial institutions. The housing market is quite different from the stocks market hence; the circumstances that led to the recession involved a series of unique events. The housing industry involves risks that is ...

Healthcare of any nation is paramount to its success, growth and development. In the past 2 years, the healthcare has become a subject of debate in the United States. The recent “Obama-Care” plan has come into question with analysts and specialists looking for better and cheaper methods of handling health care. The Single-Payer system has been broadly discussed. In this paper I will seek to critically analyse this healthcare system or plan with reference to personal healthcare coverage.

The single-payer system is pegged on the fact that government, instead of private health insurers, should pay for the health care ...

Cigna is a global health service organization that provides things such as accident, life, health, dental, life, and disability insurance, and associated health facilities in an exertion to assist those in the society that need it. The Cinga Insurance Company is looking to bring some influence in Hong Kong community. With that said the main goal for this paper is to expand Cinga Insurance Company in Hong Kong.

In order for this to be done, the company has to be able to understand Hong Kong before any of this is done. Who are the 7 million in the city? ...

- At this time, the economy and population were expanding, as was overseas trade, railroads, industry and canals-building. - Most white males received the right to vote without property requirements. - Jacksonisn ‘democracy’ did not apply to blacks, women or Native Americans, however, although the abolitionist and women’s rights movements got their start in this era.

II. Jackson the Man

- Jackson was a child during the American Revolution, born into the class of ‘poor whites’ in South Carolina. They suffered greatly during the war. - He became a wealthy planter and slaveholder on the frontier, in a ...

It is important for an individual to be successful to have knowledge of different subjects and fields rather than only one. Moreover, working experience at the same field helps the individual in polishing and improving his skills. I have the knowledge in the field of finance and have working experience of working at different hierarchy in a financial institution, Bank Center Credit. However I have not restricted my knowledge to only this subject but have learnt other related subjects as well including Economics, Management, Business management etc. In addition to this, it is also significant for an individual to ...

1. In this case, taking over is more advantageous. In the first place, the business has grown and requires specialized skills to manage. Taking the money will facilitate good management of the organisation and the current owner will benefit from the dividends from shares that are allocated to him. The current owner will also enjoy sharing of losses. In case, the new business makes losses, the losses are shared equally hence the current owner will not bear all the losses alone. The other advantage is that the business will now be able to access more capital and invest in ...

Sarbanes-Oxley Act was enacted in the year 2002 in response to financial malpractices among the corporations in the United States of America. The Act led to significant changes in corporate governance and financial practices as a way of reducing frauds prevalent in the financial sector. There were a myriad of factors that interacted to form a culture and suitable conditions, which led to a series of corporate frauds between the year 2000 and 2002. These factors were closely analyzed, and their root causes necessitated the enactment of Sarbanes-Oxley Act in 2002. This paper analyses the pre-Sarbanes-Oxley Act ...

According to the Federal Trade Commission, the test for unfairness assumes a tripartite approach. Three critical aspects are considered in analysis whether a practise is unfair or not. The paper shall briefly examine the three steps of analysis. Foremost, the substance of the injury is examined. The injury must be substantial in a way as to cause economic, social safety and or a health damage. According to this test, the harm occasioned by the conduct of the market player needs to be substantial enough to occasion an injury to the consumers and that injury must to be against public ...

The cost which the organization incurs the production and acquisition of products and services which it intends to sell is very important. The pricing strategy of the organization is significantly affected by costs. Therefore, costs designed to tackle the challenges of the economic and the noneconomic factors very efficiently. The objective of the costing models is to categorize the factors of the marketing objectives of the company and the mission of the company (Gitman, 2003).

Accurately determination of cost is important in organization to remain profitable. Costing does not only require including direct and indirect cost associated with business ...

Information systems (IS) is defined to be the study of complementary networks of software and hardware which individuals and organizations use in collecting, processing ,filtering, creating, and distributing data .This study of information systems merges computer science with business by employing computation and information theoretical foundations.

Before the emergence of the modern discipline of computer science in the twentieth century, there existed a coincidence between the history of computer science and information systems. Generally, information systems mainly focus on processing information within organizations, which largely incorporates the business enterprises, and sharing the benefits with modern society. The circulation of ...

- This problem needs a structured and a step by step approach to solve this problem. First of all let us look at what is known and what is unknown. The interest rate is given, the monthly payment is given and since the five years have already elapsed the remaining time maturity is 20 years under the revised scenario and 25 years under the original scenario. This means that under the original scenario the total time period was 30 years.

- An important point in this problem is that since the loan payments are on a monthly basis we ...

Terrorist Organizations bring about a lot of disruption to the global community in terms of financial and social development hence the need to suppress such organizations. In order to curtail terrorist groups, it is essential to cut off their funding. The main source of funding to terrorist organizations is group members and sympathizers. The mobilization and transfer of funds is facilitated by the internet. Terrorist groups are able to spread and rally new recruits easily using the internet since it overcomes geographical barriers. Similarly, terrorist groups are able to raise and send funds by making online fund transfers within ...

Tim advertised that he was selling his Porch Short Boxer car in the newspaper to which the rogue later responded by visiting him. The advertisement by Tim is merely an invitation to treat which essentially paves the way for submission of offers to which Tim is free to accept or reject. This was the case in Partridge v Crittenden where Lord Parker CJ made a comment to the effect that if an advertisement were to be regarded as an offer, advertisers would be faced with a situation where they are under an obligation to sell the advertised goods to ...

The peculiarity between quantitative and qualitative methods are the basis for the growth of research strategies, philosophies, strategies and data collection techniques applied. Bryman and Bell (2007) assert that the distinction aids in developing of an umbrella consisting of various business research practices and issues. The main subject of peculiarity stands in the disposition of numeric or non-numeric data or information that has to be collected and analyzed. The primary differences between quantitative and qualitative research approaches come in the various perspectives. The questions that are asked in the two approaches differ. Other issues that differ in these two ...

Policy Statement

It is the responsibility of XYZ Information Security department to maintain integrity, security, confidentiality and availability of information to all departments and authorized personnel in the company network, computers and data systems infrastructure. All users are expected to exercise responsible sharing and utilization of the said systems. In addition, efforts to protect information and resources, transmitted and stored in the infrastructure is a shared responsibility of all users and the IT department. Violations of the policy are subjected to disciplinary actions not limited to disciplinary action, suspension and termination.

Policy Purpose and Objectives

Information is a primary component of the business that needs ...

Discuss how the principles of internal control apply to cash receipts. 

The principles of internal control apply to cash receipts because of the need to monitor and control it. Since cash receipts are one of the most important assets of a company, it is essential that there be policies and formal procedures to monitor and control it. Several principles of internal control are applicable to cash receipts such as assigning a person or persons responsible for the cash receipts and the maintenance of its records, making sure that the person/s assigned to the custody of ...

Quinton Hariis and Till

New York

Brief summary of the presentation

The presenters introduced a topic on credit management. The lending and borrowing of funds is guided by given set of rules and standards relating to the type of credit under discussion. The credit managers have to determine the credit score, which measures the credit worthiness of the prospective borrower. The terms and conditions controlling the issue of credit funds is set by the credit department of the organization or institution offering the loan or credit funds. The credit score is the analysis of the past credit records of the borrower relating to ...

In the past few years, price properties all over the world have been skyrocketing. This is the same with the Eastern Arabia region. From 2008 to currently, house properties have surged 600% and according to developers, some parts of Bahrain have seen a 400% increase in the prices of houses. Increased revenues from foreign investments and oil has led to an increased demand for housing. This is further enhanced by the fact that housing laws are more liberal, little to no tax in the housing tax and very easy and non-stringent home financing. In this paper I will explore ...

Introduction

Civic engagement entails the various ways that the residents of a place are involved in so as to better the living or welfare conditions of others. This is aimed at shaping as well as determining the future of that particular community. Traditionally, civic engagement has been viewed and limited to the youth but successful community development projects have reflected the importance of involving every stakeholder. Precisely, civic engagement is the making of a difference by combining the efforts and skills of the community members then allocating them the necessary resources to make that difference. This is in an effort ...

Response

Response to Amy’s original forum post

Amy makes the case that owing to his vast knowledge gained from reading articles and newspapers, the question about foreclosure and summary judgment cannot be canvassed without exploring the housing crisis. The housing crisis is what has precipitated foreclosures and consequently raised the issue of summary judgment.

It is submitted that the housing crisis or “bubble” in the United States began in the year 2007 after the prices of houses went through the roof. The United States recession of 2007-2009 had the effect of causing the housing market to crash. The crashing ...

Strategic control systems are systems that help in monitoring the activities undertaken in a certain institution, with the aim of enhancing effective implementation of the set procedures and ideologies (Dess 2010). These systems enable the top level management to examine the effectiveness of the programs instilled in an organization. Strategic control systems are important in an economy of a country. They enable the economic and development planners to evaluate the effectiveness of their plans. In addition, these systems ensure that the implementation process is not affected by human factors within the economy.

The current world is faced by a ...

The organizational strengths which my plan will maximises on include, the cheaper cost of adoption of a pet as compared to the buying of a new pet from the breeder and the pet store. Piloting is also a good strength because it will enable me to determine how my animals and i are progressing. Full understanding of the animals before the actual adoption is another strength which i will thoroughly look at in my plan

The organizational weaknesses that my plan will address include the difficulty to get the immediate and specific needed breed, inability to adopt the specific ...

The Maastricht Treaty launched the European Monetary Union in the year 1992. The union comprised of two parts, which included the creation of euro the common currency and creation of the European Central Bank, which coordinates all monetary policies in the Eurozone. The treaty also created the rules for countries willing to join the union. The other element of the treaty was the national central banks of the 16 member countries. European Monetary Union creation has led to price stability and proper management of public finances (McKay Volz & Wolfinger 2011).The final phase of the single currency introduction was ...

Policy Statement

This policy is designed to establish acceptable and appropriate use of computer and information systems, networks and other information technology resources at XYZ Credit Union. It is meant as an application of the principles of respect and reverence for every person that are the core of XYZ Credit Union Identity.

Purpose / Objective

Explain the concepts of Acceptable Use Policy (AUP) as applied to an IT infrastructure.

- Use of Information Technology Resources - Technical Restrictions - Network and Usage Transactions - E-Mail Management requirements - Network Management describes Multiple Locations and Internet Access

Scope

Use Policies have three primary purposes, one is ...

Business Intelligence

The tool was developed with an aim of tracking academic performance over a period. It was intended to be used for the identification of the areas of weakness and strengths in the academic performance of each course. The tool shows the courses that are being studied in any given semester, shows the number of credit hours that will be earned for each course, the marks obtained in each course and the corresponding grade, the weight that each grade earned carries and the points obtained in the course. From this information, the tool calculates the GPA earned in that semester, ...

One of the reported crimes in the world today is identity theft. Identity theft refers to a situation whereby someone steals personal information of another person and uses it without the owner's permission. It is a serious crime, which may cause havoc with individuals reputation, credit history, as well as finances. In most cases, it is complicated to resolve it; hence, demanding patience, money and time to resolve it (Hammond, 2003). There are many ways that an individual can protect his/her identity from being stolen.

These ways include protecting personal information, shopping in secure places, protecting passwords and pin, ...

Question 1

The main function of IMF is to take financial steps that help in maintaining exchange rate stability. These steps include, short term loans and balancing supply and demand. In addition, IMF provides technical support that assist countries with financial difficulties to follow sound fiscal policies. Like IMF, WB grant aids and economic development loans to LDCs. However, their loans and grants are targeted to facilitate projects that are intended to improve basic human needs of the people in LDCs.

Question 2

The current IMF and WB directors are Madame Christine Lagarde and Jim Yong Kim respectively

Question 4

The ...

During the course of the assignment, I interviewed Mr. Zachary James (CPA). I was attracted to Zachary as a result of his African background. He moved to the United Kingdom immediately he completed his university education in a Kenyan university. He is a comical guy who at first meeting may be taken to be a failure. However, the more you interact with him, you realise the sobriety with which he handles life issues. Zachary is reportedly married to Sarah James and is blessed with three children. During the interview, he reports that he has the fewest children among his ...

There is a high risk of investing in stocks compared to bonds this is because the return from bonds can come either from dividends which depends on the performance of a company such that if the a company reports negative profits it will translate to zero dividends. The second form of income in regards to stocks is capital gain from the sale of stocks which means that you can only sale stock when price go up in order to earn a capital gain the unfortunate bit is that this price of stock is determined by market forces of demand ...

Introduction

A strategy is essentially a high level plan that is used by an organization to achieve one or more goals under uncertainty conditions. The concept of strategy therefore becomes ever crucial when it is suspected or is known that insufficient resources are present to achieve the desired goals. It is thus about both attaining and maintaining an advantageous position over adversaries through successive exploitation of emergent or known possibilities rather that an institution committing to particular fixed plan that is actually defined at the onset. Strategy formulation is the task of a manager in every institution hence it is ...

In his novel A Tale of Two Cities, the immortal Charles Dickens said that it is “a wonderful fact to reflect upon, that every human creature is constituted to be that profound secret and mystery to every other.” I believe this sums up what psychology is pretty succinctly. All of us are exposed to the same world, the same events, the more or less same set of circumstances, yet we all act and react in a completely different, personal manner to this outward stimuli. What is it that makes us tick, so to speak? What makes us who we ...

The documentary, Inside Job, was released in 2010. It mainly focuses on the financial crisis that was witnessed between 2007 and 2009. Viewers opine that the financial crisis was an instigation of few individuals in the USA. The US government officials and top players in the financial services industry intentionally made decisions that would later lead the American economy into turmoil. From the documentary, it is evident that the financial service industry was led into a trap by its own leaders, who had full knowledge of what would happen. More so, the people responsible for ...

The use of Capital markets share to the markets where interest tax, along with stock and

Bond prices are settled on. It was also issued that the monetary organization could supply resources to businesses. Banks, venture banks, mutual helper funds, insurance organizations, they raise together “savers” who let their money to be invested and be assistance to the starting businesses, individuals, and other industry that needs funds for different purposes. Governmental organizations like the Federal Reserve System, which manipulates and deal with the financial support to those who invest to organizations like so. With Money market, securities are generally much protected investments, which could return with a low interest rate that is suitable for those ...

Introduction

Debt in developing countries remains a big challenge even after the IMF and World Bank efforts to cut down these debts to a manageable level. This study aims at identifying some of the factors which have contributed to the increased debts in developing countries. The purpose of selecting the issue is to carry out an investigation as to why the debts in developing countries persist even after the IMF and World Bank efforts to cut them down. Developing economies are characterised by with low GDP, high inflation rates, high interest rates, and low per-capita income hence have unstable ...

An unanticipated change in the growth rate of aggregate demand affects production and employment before they affect prices since an increase in demand, demands more production to satisfy the demands of people which affects employment since suppliers have to produce more to meet increasing demands, prices are affected later in that they go up since there is no change in real production and the demand is high (Web, 2003).

Reasons and causes for the downward tailspin of the economy:

High tax rates and increase in interest rates from banks. This reduces the quantity of products and services produced by suppliers due to high costs of production brought about by ...

Theoretically, a fund manager has an option of selecting a portfolio with a pin where the efficient market hypothesis is true. The argument is that prices of a portfolio are known with certainty meaning that the pin risk in a portfolio is mitigated. However, this is always not so because, under this hypothesis, the price of a portfolio is equal to the fundamental value of the same portfolio. This means that the returns are equal to the opportunity cost of capital, which is not attractive to investors.

In addition to unattractive returns, fund managers may not opt to invest ...

Knowledge is indeed a great privilege to posses, if you know something; it is easier to perform some functions. Possession of knowledge requires ethical responsibility as some knowledge may prove dangerous to the society and is rather kept secret for the good of all. The possession of knowledge carries the responsibility of sharing that knowledge depending on the situation. Knowledge is omnipresent and people can obtain it in many different ways (John 23). As such, every human being in the world has knowledge on something. However, this knowledge could be completely not important to one person, but could also ...

Module 8 Geology: Coastal Processes and Terrain

Sediments are transported along coastlines by several processes. Rivers deposit sediments as they enter wetlands and oceans. Tidal fluxes are constantly depositing and eroding sand while waves erode sand and deposit it somewhere else. Wetland and coastal dune vegetation retains sediments. Storm surges can dramatically erode coastal sediments. Coastal sand transport by all these methods are complex. But, the issue has become more complex with human impacts on the natural processes. Flood control measures and the damming of rivers decreases the downstream deposition of sediment. Sediment starvation of these areas typically results in our replacement of sand on our ...

A debt policy statement, which is also known as the long-term obligation policy, can be defined as a part of a comprehensive financing policy that shows evidence of an institution's commitment to infrastructure needs via a planned schedule of expected future financing. The key objective of this statement is to assess the conduciveness of the debt management strategy to mitigate budgetary perils and facilitate long-term debt sustainability. The key objective of a debt policy statement is to develop a framework that will guide decisions pertaining management and use of debt. In order to meet this goal, the statement should, ...

The Democrat deficit reduction plan

This plan by the democrats is intended at realizing roughly $4.4 trillion in deficit cutback. This will alternatively lead to the payment of the cost for the American Jobs Act that adds up to a total of $447 billion. In summary, the Democratic Party aims at reducing the U.S deficit and cutting down fiscal spending by the federal government. It seeks to do so by first and foremost, cutting expenditure as in the Budget Control act by $1.2 trillion. Secondly, it aims to trimming expenditure on mandatory programs as follows:

- Reducing overpayments in ...

- When a country such as the United States is experiencing serve and prolonged recessionary trend discount rate, term auction, and open market facility can provide useful means of ensuring that the economy returns in the right course. Discount rate is the interest rate that the central bank charges commercial banks and other depository institutions when they receive money from the Federal Reserve Bank's lending facility. During periods of prolonged recessionary trend, the Federal Reserve System should reduce the discount rate in order to encourage commercial banks and other financial institutions to lower the interest rate they charge to ...

There are many instances in my life wherein I ask myself the question “How did I live?” I cannot remember my childhood too much. All I can remember is that I suddenly became a conscious being—able to see, hear, feel, and basically observe everything in my surrounding. I grew up as a toddler, then a few years later, as a child. Of course I had a lot of realizations when I was a child. Childhood, for me, is the age of enlightenment. I do not know what childhood is for others or how they see or treasure it, ...

Annotated Bibliography

My paper discusses the consumption habits of developed societies during the period when they experience a financial crisis. The way that developed countries handle a crisis varies. While some nations may favor austerity measures, others may opt for more investments by the national government. It is of interest to me to analyze what takes place at the household level. Would families prefer to keep their funds in their savings account? Or would they continue spending their disposable income? If the citizens do not spend, the economies may have a hard time recovering from the crisis. Thus, it is relevant ...

INTRODUCTION

Small businesses face many issues in comparison to the well established organizations. However, among several issues one of the major issues that small businesses face is to raise capital. Many small businesses and entrepreneurs may have the ability to make their organization a big organization however because of lack of investment they are not able to do so. With the increased risk in the market, banks and venture capitals have also become very much risk averse instead of accepting the risk and growing their investment. This has also lead to such situation where small businesses face different issues in ...

Let’s say you have a fantastic business idea that you know will make money for you. You have made your calculations, you have studied the market, you have found the perfect location and you have a good idea how you will operate and make the business happen. The product you have is unique. How to make the product will be unique. You have found the people who will help you make the product. You have emptied your wallet, gathered all your money from your savings, sold your car, you now some of the cash you need to start ...

Introduction

US economy experiences adverse effects occasioned by the recent deadly economic recession that hit the entire world. This economic recess arose as a result of complex factors such as energy crisis and political instability in oil producing and exporting companies. US government stance on war against terrorism led to a sour relation between the US and Middle East countries. This further has hit the US economy hard. This paper attempts looking at the current state of US economy in various sectors of the economy according to St. Louis Federal Reserve Economic Data (FRED). These sectors include housing, investment, and ...

Outsourcing is contracting out manufacturing or service operations conducted by the business to reduce costs or to generate efficiency. Companies more appropriate for outsourcing are those involved in restricting and downsizing, decentralized and out of date. Prior to outsourcing consideration should be given to whether it is feasible in light of business objectives and requirements, business plans, expectations and risk and uncertainty. Outsourcing enables a company to be more effective and efficient, reduce costs, lower risks and simplify and streamline functions. In choosing an outsourcing vendor take into account reliability, reputation, cost, references experience and the quality of service. ...

Question 1

Asia has been and remains to be an emergent market, one that shows ample dynamics in its business undertaking. India and China have been two competing giants in the emerging global economies. To start with, China has become a force to reckon with especially given the fact that the choices they have made in the past have continued to define the marketplace with divergent ideologies (Yergin and Stanislaw 140). First, China focused on rapidly growing their economic stance. As such, it was possible to establish central planning processes (Yergin and Stanislaw 140). In the wake of military communism, China ...

Notably, social responsibility and comprehensive ethical strategies are essential contributors of a business success. These mainly hinge on a sound relationship among all business stakeholders, right from the production level to the final consumers. On the other hand, failure to conform to these factors may lead to poor performance by the business as well as portray a bad image for the firm.

Examples of Irresponsible Behavior in Business

HSBC was accused of failing to implement US anti money laundering laws that exposed Americans to financial exploitation by Mexican drug lords and other nations such as Iran. This scandal is approximated to amass a bill of ...

PART I.

A bank reconciliation statement is a statement that explains the difference between the balance at the bank as per the cashbook and balance at the bank as per the bank statement . Simply put it is a statement that explains the difference between the cashbook balance and the bank statement. The functions of a bank reconciliation statement are:

The differences between the bank statement and the cash book often arise from either timing of the transaction recording or from errors made by the bank or by the business.

a. Timing differences: This gives rise to items that:

i) Are recorded ...

Given the harsh economic time, state of the economy and the rise in basic commodity prices such as food, fuel and cost of housing, personal finances has become a hot topic for a while. Many people live a debt-ridden life mainly on unsecured credit instruments like credit cards. In the financial market, so many other credit instruments are available to provide money to borrowers for many different reasons.

Modern financial systems are extremely complex with markets being made up of many forms of investment instruments and different kinds of investors. This has made the financial market extremely difficult to ...

1.1. Context

The Lipton Tea is a company offering its services in several countries in the pacific region. Its needs for administration system are informed by the rapid advancement by the technologies applied in the payroll system, especially advancements in mobile banking. The company requires the establishment of a mobile banking business unit to administer the system and deal with issues that may arise and would comprise of about twenty personnel, mainly for the technical operations. The budgetary requirement for the establishment of this system is estimated to be $ 2 million.

1.2. Requirements

The establishment of the mobile banking ...

Cyber scam is similar to the real life scam, however there is one difference; the cybercriminals use a totally different medium in their path to achieve their goal to deceive others. The cybercriminals can be the hackers, insiders, fraudsters, or the stalkers. The various mediums that are majorly used by the cybercriminals to deceive others are the electronic mail, chat rooms, social networking sites, bulletin boards, newsgroups, and list servs. The number of cyber scams has increased in the recent years due to the easy availability of internet in every corner of the world. The fraudsters can operate in ...

Brief Summary of the Presentation

The title of the presentation was “What Every College Should Know about Credit Scores but No One will tell them.” The main resource persons were Quinton Harris and Tim Gill who were both Area Managers for the Bank of England and Daniel Halverson who is a credit manager. A credit score is a benchmark for a creditor for determining whether a person is worthy of credit. A credit score also shows a person’s ability to manage finances and meet obligations. The presentation highlighted the importance of having a good credit score to gain trust from employers, creditors, business ...