Essays on Forego

[Class Title]

Introduction Conscience is one of the most commonly experienced psychological faculty of an individual, but is also one of the least understood. For many years, little attention have been given towards understanding conscience; particularly on how it is shaped and who influenced the modern understanding of this concept. Nevertheless, conscience is an important phenomenon that requires significant attention primarily because it impacts all human judgment. The manifestation of conscience delineates man from other animals species as conscience is proof of man’s self-consciousness; an attribute that is only observable among human species. As a learned psychological faculty, ...

Business Law Case Study

The issue for determination in this scenario is whether or not the service of process on Dr. Bardwell through his wife service was an effective service. An effective service of process is undertaken when the summons and complaint are handed to the defendant himself, but not any other person. Personal service of process in this case means that even when the complaint and summons are left where the defendant operates business or where he lives, and the agent therein accepts service and signs, it is considered to have been effected, even when it is delivered via registered mail. The ...

Saving v/s Investment

Although used interchangeably, the terms savings and investment differs significantly. Important to note, the term savings refers to short-period investment in highly liquid products that allow the depositor/investor to access money any time or with minimal hassle. Some of the saving based instruments available for the investors are saving account, certificate of deposits, checking accounts,et cetera. Another notable feature of saving is that the money deposited is insured by the Federal Deposit Insurance Corporation (FDIC). Therefore, a saving carries minimal risk as in any condition,i.e. even if the bank defaults, the deposit will be safeguard up to ...

In economics, scarcity simply refers to the limited nature of economic resources and as such consumers have to make choices as to what they can acquire with their limited resources and what they can forego. When the consumer makes the decision to acquire a good or service at the expense of another good or service that he also needed but could not acquire both due to limited resources, the foregone choice is referred to as opportunity cost (Frank and Bernanke). In our everyday life, these economic concepts are practiced both micro-economically and macro-economically. Personally, like so many other consumers, ...

Over the years, while disparity in healthcare remains a pertinent tissue within the healthcare system in America, and more particularly along racial lines, there has been little effort to develop evidence to unearth this reality. While the issue has been significantly explored and documented, there are no specific cases or solutions as to how these disparities can be managed and the disparity gaps closed (Byrd, Michael and Linda, Clayton, 171). Apparently, this is due to the general and historical perception that the disparity will gradually close down and a time, infinite time, will come when disparity in the sector ...

The cost of hosting Olympics and other mega sports events is substantial. These costs have made economist to be quite skeptical of the economic benefit of hosting such events. For example, in 1996 Atlanta spent over $5.1 billion to host the Olympic game. The host government is made to forego planned investment to concentrate on building new stadiums. Besides, the budget deficit swells before hosting the international event. Thus, the willingness of governments to subsidize sporting activities draws criticism and praise from different quarters. It is widely acknowledged that Olympics promote country’s exports. According to the International Olympic ...

Introduction

The term principles of economics as will be used in this study refer to unique techniques and notions that are often utilized by economists in adjusting economic activities. The term is often associated with an economy that designates proficient uses of resources by societies with a rationale to achieve their set goals. A shared understanding of the concept in any society is that irrespective of the geographical position where the concepts are applied, the use of the principles of economics applies in a similar way whatsoever. However, other researchers such as Crawley, (2015) assert that economic principles refer to ...

Jesus’ attitude on Wealth, Humility, and Salvation

Jesus’ position regarding wealth and poverty is very different from how society views them. This is because the latter holds wealth in such high esteem that a person’s wealth can actually define his or her worth as a human being, while Jesus seems to place higher significance on humility rather than his or her riches. In this regard, the Bible is replete with examples wherein Jesus actually teaches rich men to abandon their worldly riches in order to attain eternal life, and that it is easier for the poor to gain salvation. This argument will be discussed and ...

Comparative Advantage:

It is referred as the advantage of a party to be capable of producing any given commodity at an opportunity cost lesser than other entities. In economic terms it can also be referred to be as the ability of one person or party to produce a particular service or good at a lower opportunity and marginal cost over another service or good (Stern, 2011).

Major sources of Comparative Advantage:

- Technology Differences: Firms or countries with more enhanced machinery and equipments may provide more production when compared to the firms or countries using the old method and machineries. - Differences in factors of production as ...

Addiction is a major focus of an individual’s life which makes him or her to forego and lose control over other things in his or her everyday life. The addiction can be an action, substance, a thing or even a behavior. The addiction becomes an addictive behavior if whatever the individual is addicted to is causing harm to him or to other individuals either physically, psychologically or socially. An individual can happen to be addicted, reliant or even compulsively possessed with anything. Addiction can be grouped into two categories in regard to its cause. The first one is the addiction to ...

When making procurement decisions, the opportunity cost must be evaluated. Resources are scarce while human needs are unlimited. Economists continue to face the problem of scarcity and choice. One thing is bought at the expense of another. Since resources are limited and needs are unlimited, persons habitually purchase products that will give them the maximum value. Opportunity cost is the loss of probable gain from the 2nd best forfeited alternative when one alternative is picked. For example, one has $9500 which they can use to buy a bungalow or a Prado as those needs are at the topmost of his priority ...

The economic strain on the society makes higher education a dream for many students in today’s society. More often than not, parents have to shatter their children’s dreams because they are unable to afford tuition fees. Government scholarships or bursaries cannot meet the needs of the overall fees. In many instances, these government aided grants carry the weight of maintaining a high academic average, and students who need help cannot maintain such average. As a result, the students turn to various lending agency that offer loans at a high interest rate. However, with the current economic crisis, many parents and students ...

Theories of International Trade

Comparative advantage is a situation where a firm, country or an individual is able to produce some goods or commodities at a cheaper cost compared to other firms, countries or individuals. The theory of comparative advantage was put across by a UK Economist David Ricardo (1772-1822) and it advocates that a country should only specialize in producing only those goods she can produce cheaper than other countries. It results from the different endowments or factors of production like land, labour, capital, and entrepreneurship skills (Chang, 2002). The theory of absolute advantage was developed by a Scottish economist Adam Smith and it occurs in the ...

Introduction

When deciding to procure a service or a product, an individual or a company evaluates the opportunity cost. One thing is bought at the expense of another. Since resources are limited and needs are unlimited, people usually purchase products that will give them the greatest value for the available resources. Opportunity cost can therefore be defined as the loss of potential gain from the second best sacrificed alternative when one alternative is chosen. For instance one has $800 which he can use to buy a house or a vitz as those needs top his priority list. If he decides to buy a house, then he ...

Nicole Brewster was given the responsibility of ascertaining the health benefits of drinking bottled water. Based on the information of experts in various fields related to this issue, such as medical professionals, scientists, and water specialists, Brewster discovers that drinking bottled water had no any health benefits, hence not any special than the water supplied by most municipalities. She decided to publish her exact findings. Whereas her position is likely to get the support of her seniors, the Spring Natural Water Company, which has an advertising company, is determined to prevent the findings going public because it is likely ...

Laser business is an opportunity that is profitable and its industry is prospering. The laser business requires relatively small capital investment to start since the laser machine is easily affordable. The machine can be used to engrave as well as cut materials such as wood, marble, marble and plastic among others. Among the business ideas to start the business is photo engraving for families, designing of customized signs on wood as well as acrylic (signage) and ‘printing’ of wedding gifts (www.epiloglaser.com). It is easy to run a laser business as the location is not important as the quality of the ...

Abstract

Since the development of fast foods or processed foods in the 1970s and the evolving nature of human life, obesity became a global pandemic, attacking not just the developed nations but also the developing nations. Outdoor activities and healthy meals are now replaced by fatty foods and the internet. A few would develop obesity due to a medical condition or health problem, which may also put them at risk to obesity-related health complications. As a result of this, increase of obesity and obesity-related complications are recorded each year as it gradually increases around the globe. While many complain with the slow development ...

Without being graphic, Kate Chopin can still titillate today’s readers in her short story, The Storm. Sex is a need that needs to be gratified. Even illicit sex can bring about happiness. Moreover, Chopin seems to be endorsing that adultery, that it can be casual and it is fine. Not only is she endorsing it, she is suggesting that it can be a source of fulfillment in marital life for the legal spouses. The Storm is a story revolving on two married couples: Calixta and Bobinot, and Alcee and Clarisse. The title refers to the weather condition at the setting ...

Introduction

Ethical dilemmas are an integral part of every aspect of human life today. Apparently ethical dilemmas are among the principal factors that make the process of decision making more complicated. The major reason why ethical dilemmas make decision making complicated is because they pose two possible answers to a situation, both appearing to be correct. In an ethical dilemma, either side has a strong argument behind its decision. Worth noting is the fact that ethical dilemmas exist in all fields of life, ranging from the world of medicine to the world of business. Arguably, business is among the widest fields of human ...

Economics deals with scientific study of how people allocate and use the scarce resources to meet their unlimited wants. It aims at putting to better use the resources which are always scarce. Scarcity and choice prompts individuals to forego some of their needs so as to meet the most urgent ones first. Therefore, there is an alternative a person must forego. The price of this alternative is the opportunity cost. Scarcity and choice are all about weighing benefits of alternatives that a person has. For example, a consumer may choose to build a residential house instead of buying a private car. This is because ...

The story ‘Camelot on the Merrimack” by Stephen Yafa describes how the first planned industrial community in America came into being. It is set in a young advancing American nation where there were many attempts by different stakeholders to industrialize it. The book specifically focusses on the Jacksonian era, a group of Massachusetts businessmen who were behind the industrial model mill town of Lowell in Massachusetts (Oates, 269). Stephen Yafa relates this account to the town of Lowell on the banks of the Merrimack and Concord rivers. He focusses on the Lowell mill girls, female girls who worked for the textile ...

Law

A credit card agreement is a legal contract between a bank or financial institution that issues the credit card and the consumer who uses the credit card. On the one hand the banks want “freedom of contract,” while on the other hand the consumer wants transparency from the banks and the right to negotiate terms. (Talking, 2009, thecitizens.blogspot.gr) From the banks point of view consumers have the option to accept or to not accept the terms of the agreement. This is true because consumers can theoretically choose to never use credit cards. But from the consumers’ point of view there is ...

I am Mike. I am a young man aged 19 and I live in Southington, CT. I had to move here – against my wish - from Boston simply because I could not afford to cater for the living expenses at Boston. It so happens that there is no member of my family who lives anywhere within, that is, I have to take care of myself and do everything for myself. As such, I have to work extra hours and try to earn an extra living so as to make the ends meet. This is no easy feat. First of all, ...

Strategy comes from Greek word strategia meaning office of general or command. In an organizational context, strategy means a plan of action which when followed leads to the achievement of a specific goal. Companies strategize to take advantage over their competitors by exploiting emerging possibilities. Take for instance a profitable company like Apple which strategizes on coming up with products driven by customer values and the quest to satisfy market demands. Though its products are highly priced, Apple creates value for its customers. Apple’s daring strategies are key to its success in the competitive electronics industry.

Companies can evaluate the success ...

ESOL 400 “The singer solution to World Poverty”

The Singer’s solution focuses on how the rich and developed nations and their citizens, who earn surplus income, can help the children in poor countries to survive. The situation in the poor nations is so bad that hunger, easily curable diseases like malaria and diarrhea have ravaged the health of children and even led to death. The poor countries cannot afford to provide for the citizens, most of them do not have proper basic needs like shelter, food and clothing. Their fate relies on the foreign aid from the rich countries and the charitable organizations such as Oxfam ...

Introduction

Economics is a social science that examines and describes the results of the choices made using scare resources (Black, 1997). It analyzes how individuals and organizations, such as health care, choose to utilize the scarce resources to achieve quality and at the most minimum cost. The health care sector uses economics to assign its scarce resources to various departments. The allocation of resources through economics in turn enables the health care sector to cut on costs and achieve quality in its services. Therefore, health care and economics are two inseparable areas that share different terms. This paper describes the similarities ...

Abstract

Increasing interest rate is a contraction monetary policy which affects the cost and availability of credits. The increase of interest rate in China is likely to affect the aggregate consumption, price of bonds, level of investment and employment in a country. The effect on investment and employment is supposed to take considerable period of time. This is because they can only be affected through the accelerator principle. The central bank of china increased interest rate to counter inflation. However, this move may not affect the inflation rate as expected due to massive capital inflows.

The move is expected to influence the ...