Star Student Case Study Example | Topics and Well Written Essays - 750 words

Star Student - Case Study Example This is because the Star Student had not yet been fully employed and this was only a proposal. According to the law, if one has not signed a working contract, he or she is not a worker of the institution (100-379 (29 U.S.C. Â § 2101, et seq.). However, if the Star Student had indeed signed a working contract, the Big three company needs to pay him/her the compensation. If the Star student is brought with inconveniences, the compensation will be paid. The managing director also needs to give the Star student a notice so as not to bring any inconvenience to him/her. The law states that a notice should be given when laying off an employee (Boatright, 57). In such cases, the managing director of the Big Three Company is supposed to give a notice to the Star student. In the ethical perspective, according to the Ross theory, common sense dictates that when one makes a promise (in this case Big Three company making a promise to the Star student) it becomes imperative to fulfill the promise. In this situation, the company has two duties that both have an intrinsic value. The first is the moral obligation to fulfill the promise of work and the second one is fulfilling the company’s needs to prevent the collapse of the company and, consequently the retrenchment of many workers. Therefore, this case should be looked at in a way that would bring more intrinsic value to the society in general. Sometimes we do things, although not directly beneficial to us, for the benefit of the society. In this case, the greater good is the stability of the Big Three Company which would, therefore, means that no more people lose their jobs. Sometimes the law is unethical, it is considered to be too harsh. For example, if the Star student had not signed a contract, the Company is not legally obligated to pay compensation to the student. This is in contrast to ethical laws regarding promises.

Problems around the use of diminishing Musharaka in banking finance Research Paper

Problems around the use of diminishing Musharaka in banking finance and search for patricidal solution - Research Paper Example The Islamic banking has been popular over the ages and contributes a lot to the present world economy. In Islamic banking system Musharaka is the terminology use to denote the contract in the joint venture partnership. Our paper focuses on the concept of Musharaka and the diminishing Musaraka. The problem associated with the application of diminishing Musharaka is also studied in the current paper. A detailed analysis of the Islamic contracts and the terminologies are studied over here. Under the Islamic law which forms the guiding principle of the Islamic financial system there are seven different contracts in practice. According to Islamic system or Shariah the formation of contract requires both offer, which is termed as Ijab and acceptance which is termed as Qabul. The contracts are generally in verbal or in written form. The parties of the contract needs to be legally knowledgeable and should be in sound state of mind at the time of entering the contract. The contracting parties should not be forced to enter into the agreement under by any force or compulsion. The popular types of contracts are Al- Tamlikat, Al- Isqatat, Al –Itlaqat, Al- Taqdat , Al- Tauthiqat, Al- Ishtirak and Al- Hifz. The explanations of the different types of contracts are done below. Al- Tamlikat- The contract deals with the acquisition of properties and deals with the benefit associated with the properties. To classification of the contract is done as contract of exchange and contrcts of charity. The matters of dropping of right without exchange are handled by this contract. The release without compensation for the party is termed as absolute release whereas the release involving the compensation is known as release of exchange. Interest free finance is one of the basic guiding principles in Islamic banking. Among all forms of interest–free finance contract, mudaraba was considered the most suitable and practical mode for mobilizing financial resources to Islamic banks.

Does Ethics Require Religion Essay Example | Topics and Well Written Essays - 1000 words

Does Ethics Require Religion - Essay Example Does Ethics Require Religion? Rough estimates put a figure of approximately 4,200 religions across the globe. Religion or an inquiry to religion is a common thing virtually across all humans. In all periods of history and corners of the globe, people have always wondered about life’s meaning, how to live it best, what will happen after life, and if there exists a supernatural being (Webster, 1). I have studied various religions in this course including indigenous religion, Hinduism, Christianity, Buddhism, Judaism, and Islam. This paper seeks to highlight on a personal experience in studying these religions, how it relates to my life, and how the knowledge impact my life. When I came to California two years ago, I had difficulties in adapting to the new environment and lifestyle. It took me quite some time to get acquainted to the dissimilar culture, way of life, and traditions. With time, I realized that the world is a small place as we interacted and affected each other every day. Although were different , we are all humans who are subjected to the universal human existence conditions like loss, change, uncertainty, and death. However, our backgrounds, histories, languages, and cultures determine how we approach those conditions (Donahue 1). Truth is, we do not worship the same gods, think the same, have the same cultural values, or share our specific histories. We interpret ourselves and the world truly differently. I have since come to comprehend that according to the mainstream religions all people were created by God. Christianity, Islam, and Judaism teach that humans are children of Adam and Eve. They consider Satan as the common enemy who causes enmity and division among people. The mentioned religions in the first paragraph have had messengers and prophets who were send by God to teach people about love, friendship, and co-existence. They teach about worship and submitting to God as the master and creator (oup.com 1). I believe that any individual who recognizes is able to li ve with any society in affection and peace. This course has brought to me to understand the positive, cooperative, and constructive interactions between people from different faiths. Dialogue has promoted the understanding between the different religions with the acceptance of other people as they are instead of synthesizing new beliefs (oup.com 1). Most religious texts endorse peace and compassion. In fact, majority of the religions have peace as their key principle. While some laws and traditions permit killing and waging war in certain cases, it requires that one seeks peace and just before waging any war. The nonviolence philosophy has roots in the majority of the mentioned religions. The religions sharply restrict any form of violence. I look forward to teaching and sharing this knowledge with my fellow countrymen when I graduate. Most of the religious beliefs have components of ethics. They are derived from the purported supernatural guidance and revelation. The ethics are tie d up within religion and unconditionally settled therein. There is a code of instructions which directs followers on how to live Religion is sometimes viewed as the bedrock of ethical behavior. The relationship between ethics and religion is about reason and revelation. Religion has a basis on the idea that of God (or some deity) giving insights about the true meaning of life. The insights are based on collected texts (the Koran, the Torah, the Bible, etc.). Through these, people who can make decisions which maximize their

The U.S. financial system and its many complexities which are impacted Research Paper

The U.S. financial system and its many complexities which are impacted by several environmental factors, including federal regul - Research Paper Example The Federal Reserve situates the monetary policy of the nation in order to encourage the stable prices, objectives of highest employment, and reasonable interest rate for long-term basis. The biggest challenge for all the policy makers, is that pressure among the set goals might take place in short run as well as the information with respect to economy is accessible only with a delay and chances are that it might be inadequate. Financial markets assist in effectively directing the flow of investments and savings within the economy which facilitates the growth of capital along with production of products and services in different ways. The ideal blend of strong institutions and financial markets as well as different range of financial instruments and products, perfectly fits with the lenders and borrowers’ need and hence the entire economy. Financial Markets and Institutions A financial market includes bonds or trade stocks, an instrument includes derivatives and bank CDs and i nstitutions includes banks, insurance companies and funds. They all offer opportunities to investors so that they can specialize in diversify risks, specific market and/or services, or both and can exchange financial assets (Fabozzi, 2002). How Economy is affected by Monetary Policy? The preliminary connection in the chain among the economy and monetary policy is market for stability which takes place at Federal Reserve Banks. At reserve banks, depository institutions have their accounts, and they vigorously trade the balances which are kept in the accounts with an interest rate termed as federal funds rate. Federal Reserve has control on federal funds rate with an influence on demand and supply at Reserve Banks. Any change in expectation or in the rate of federal funds can affect other short and long term rate of interest, stock price and the value of dollar with respect to foreign exchange. This in turn affects spending decision of business and households which ultimately distress growth in the economy and aggregate demand. In Federal Reserve Act, the targets of monetary policy are shared which states that the Committee of Federal Open Market and the Board of Governors must look forward to encourage effectively the targets of highest employment rate along with stable prices and interest rates. When the prices are constant or stable and are expected to remain the same, inflation has no effect on the process of services, goods, labor and materials and thus helps in contributing in higher living standard. This also helps in capital formation by helping in saving because when threat of attrition of asset values minimized, business got the opportunity to invest more whereas households are encouraged for more saving. Influence of Interest Rate on U.S. and Global Financial Environment Interest rates are always been proposed as policy guide, not only they serve the role of spending decisions also because interest rates information is accessible on the basis of real- time. The proper level of rate of interest will differ with fiscal policy stance, changes in spending pattern of business and household, global economic development and productivity growth. Modifications in interest rate on long-term basis will affect on stock prices, which will create a remarkable effect on the wealth of household. Investors keep in line both their investment returns on

Glaxo Smith Kline's Business Strategy Case Study

Glaxo Smith Kline's Business Strategy - Case Study Example 2004, p. 10). Two of the four elements of a strategy, internal competencies and shortcomings are within the organization and can be controlled by it, if properly appraised. The other two, changes in the environment and intelligent moves by competitors are external forces, and require adoption or modification of action sequences and determined policies to achieve organisational goals and fulfilling stakeholder expectations. Glaxo Smith Kline (GSK), one of the largest companies operating in the "technically innovative" and highly competitive "global market" pharmaceutical industry. (Lynch 2006, p. 191). In the pharmaceutical industry, obsolescence is a constant challenge and companies are required to constantly replenish old drugs, which means that the research and development 'pipeline' should be kept flowing. The development of a single new drug is estimated to cost up to $ 500 million and takes several years. However once developed a new drug has patent protection which means the company that developed the drug can have exclusive marketing rights for a period of (generally) ten years from the time the patent is registered. The drugs are marketed to customers - as doctors, hospitals and government health agencies through large sales forces. Companies employ several thousand specialist sales personnel in North America alone. All these operations require large financial outlays. Therefore organisational size does matter as revenue generation normally corresponds to size. According to Michael Porter, five external forces impact businesses. They are industry competitors, potential new entrants, substitutes, suppliers and buyers. (Porter 2004, p. 4) He offers three generic strategies to meet the challenges of these forces: cost leadership, differentiation and focus (Porter 2004, p. 35). While questioning some of the premises on which Porter based his theory, in a provocatively titled box, "Bye, Mr. Porter", (Whittington 2001, p. 67), Whittington proposes three strategies for companies to achieve growth: they are innovation, diversification and internationalisation. (Whittington 2001, p. 73). As we have seen innovation is an intrinsic factor that is necessary for survival in the pharmaceutical industry, diversification implies diversification, integration and takeovers. During the nineties many pharmaceutical companies have taken the 'mergers and acquisitions' route to augment their c ompetitiveness and enhance financial outcomes such as revenue generation and profitability by: Increasing and consolidating organizational size for Achieving economies of scale and reducing costs Complementing/extending ranges of products and services Replenishing

The Importance of Retail Information Systems Research Paper

The Importance of Retail Information Systems - Research Paper Example In a highly competitive environment, effective customer services as well as relevant products to the consumers assume a high position in retailers’ priority list in the event of profit maximization. One of the most effective ways to ensure relevant product and effective services to the customer is through collection of information regarding the customer, analyzing that information and finally placing the analyzed information into work by aiding in decision making processes. (Stair, 2010) Information systems include systems that deals with the process of raw data from databases, file storage and file sources to information which are later used by middle level, top level and operational level managers in decision making thus improving their output to the consumers inform of better services and relevant products which in turn increases their returns and profit. (Stair, 2010) Information systems and organizations influence one another. According to Lucey, Information systems are built by managers to serve the interest of their firms. At the same time organizations must be aware of and open to the influences from information systems to benefit from new technologies. The interaction between information technology, information systems and organizations is very complex and is influenced by many mediating factors, including the organization structure, business processes, politics, culture, surrounding environment and management decisions. (2005) All modern organizations have bureaucracies with clear-cut divisions of labor and specialization. The main reason for organization’s failure in implementing information systems is inability to

Mexican immigrants undocumented Essay Example | Topics and Well Written Essays - 3750 words

Mexican immigrants undocumented - Essay Example Most importantly, the social workers should know that immigrants or refugees despite the duration they will stay in the host country, they are most likely to be faced with a duality of cultures and hence do work with norms and expectations that conflict often. Although refugees and immigrants all seek new residence in a foreign country, their social and economic statuses differ and hence their adoption to the host country may also vary. Immigrants go to a host country on their own volition by attractiveness they see in that particular country. Usually they plan their entry carefully and selectively bringing some assets while relinquishing the assets at home (Abdulla, et al., 1997). Whether their reason for migrating is economic or political, they easily adopt since they at least have somewhere to start from. On the other hand, refugees are forced to flee their homelands and seek asylum from the host country for various reasons and would probably prefer to return if safety is permitted. Usually they flee home with little or no planning and with few belongings if any and are usually traumatized by the destruction they have witnessed and so it takes time for them to adapt to the new surroundings. With this knowledge, the social workers could know how to handle them and the issues that affects them for effective integration. Prior to the World War 11, the Mexicans accounted for less than 10 percent of the Florida immigration, and a quarter of Florida’s migrants in the early post war periods. In the 1960s, the Mexican immigrants percentage rose to 40 percent and by 1990s the figure rose to 50 percent of the total migrants in Florida. Prior to the 1970s, about 300,000 Mexican immigrants gained legal permanent residence in the United States yearly with most of them settling in Florida. In the last three decades, the number of legal permanent immigrants from Mexico to Florida has been doubling in each decade. This increasingly