Labor Course Works Samples For Students

Cookbooks are products that are thought to create health problems to many people. As a result, the government has resulted in taxing the product as a way of reducing the consumption of the cookbooks. This type of tax is called sin tax. It is a tax that is usually imposed on products that are thought to be harmful to the people. Similar tax is levied on cigarettes and alcohol. When sin tax is levied, the supply of the cookbooks reduces. This is because the price increases hence the demand reduces because the consumers shift to other similar products. Therefore the producers are ...

Trace the evolution of the legal status of the American unions. What activities were restricted by laws and courts? Did constraints increase or decline with time?

Many inhabitants particularly Workers faced permissible challenges. This created a good basis for the need to form unions. We have the formation of national war labor board -1918-which was created under one objective; to see vicious activities reduced such as strikes, vicious cruelty, assassinations and opinionated disruption. These brutal activities were completely restricted by laws and courts and hence the need for the introduction of this board-national war labor board. The courts were against ...

Introduction

The Americans with disabilities Act was enacted in 1990 and later amended in 2009. It is a law on civil rights, which prohibits discrimination to the disabled. The US Rehabilitation Act is a federal law that emphasizes the provision of special services to individuals with severe disability. These services include research and training, federal responsibilities, health and education. The main aim of this law was to protect the disabled from federal agencies programs’ discrimination. These two Acts have similar standards for the determination of employment related discrimination (Jasper, 2008).

Effectiveness and effect on human resource management of the ADA and the US RA

These two laws received great approval from social groups dealing with disabled. ...

Introduction

There are numerous multinational enterprises (MNEs), which dominate the global market and operate in different regions, but proliferation of MNEs has existed for more than 200 years now. Initially, multinational enterprises represented a segment of direct foreign investments in various states as they did not form joint investments with local firms. However, with the introduction of globalization coupled market liberalization, MNEs have had an opportunity to expand their market niche and enhance efficiency and productivity; a move that has propelled them to become key players in the business arena. Although MNEs dominant global markets, they have experienced several global financial crisis ...

David Ricardo argued that all factors held constant a country should specialize in production of goods it enjoys comparative advantage. Then it should engage in trade for import it has lower comparative advantage so as to enjoy the benefits from trade. The theory of international trade has for long been dominated by comparative advantage principle developed by David Ricardo based on labor law of values. Absolute difference in costs of production is the basis for trade but comparative advantage is the main reason according to Ricardo. Ricardo was one of the founding authors of the free international trade agendas through ...

Over the years there has been a great nursing shortage or rather a great demand for nursing professionals which surpasses the current supply locally, nationally or globally. This is backed by national surveys from the Bureau of the Census, National Council of State Boards of Nursing, American Hospital Association and Centers for Medicare and Medicaid Services. It is notable that the nursing service or profession is well diversified in order to meet a wide spectrum of health and needs. In the US there are core types of nurses Licensed Practical nurses or LPNs, Registered Nurses or RNs and Advanced practice registered nurses ( ...

The law of comparative advantage has, for a long time, been used as the basis of international trade. The law is one of the main potential explanations for income growth rates and higher incomes of open economies. International trade currently accounts for about 25% of the worlds GDP, thanks to the liberalization of trade and the increase in foreign direct investment. Countries and companies trade with each other because of the gains or benefits that accrue from the exchange of goods and services to the trading countries. According to the law of comparative advantage, countries should produce the goods in ...

The labor market can be described as the market where willing workers offer their labor services and the employers find and utilize the services of the willing workers. The employers give the employees an opportunity to offer their services and reward the employees by paying them salaries as a form of compensation for their services. Different institutions hire employees in line with their line of business, the labor laws and regulations and their individual policies with regard to engagement of staff. The overall aim of the institutions is to have their business move forward by having successful initiation and completion ...

Demographic trends all over the world have a big impact on the development of the world. These trends are responsible for various changes in different countries and economic industries. Demographic trends are characteristics of the world or a country’s population that manifest themselves when determining issues such as industrialization and employment.

The increase in the number of the working age population, in many countries in the world, makes this demographic trend globally important. People aged 15 to 64 have been increasing over time. This trend is common in developing countries where the fertility rate is high. However, this trend is ...

Slavery is not a new phenomenon in the contemporary society as it has existed for many decades, evolved and formed part of the human existence. Slavery reached its crescendo during the industrial revolution era when there was high demand for human labor in most developed nations. As a result of this fact, different forms of slavery emerged including bonded labor, forced labor, urban slavery, child labor, trafficking slaves, slavery by descent, and plantation slavery.

Plantation slavery refers to a form of slavery where the slaves were forced to work on farms, estates and plantations where crops such as cotton, rice, sugarcane, ...

One of the particular problems that multinationals are involved in the treatment of workers is child labor. Child labor is simply the use of children in the production. People who are experiencing hardship would say that some of the work is culturally or educationally beneficial; however, children are exposed to danger and hazardous conditions. Children are working illegally, and the use of child labor is commonly practiced by multinationals in their productions.

In general, child labor is concentrated in the informal economy or rural sectors hidden from the public view. The best way to reduce child labor for multinational ...

1. Putting in place a more effective ethics programs and a more viable code of conduct could have helped Nike alleviate some of the ethical issues faced by the company. Effective ethics program helps an organization “foster ethical decision making in business” Ferrell, Fraedrick & Ferrell, 2011, p.216). A more effective ethics program and a more viable code of conduct can help the firm evade legal problems because ethics program and code of conduct can help identify and prevent misconduct in an organization (Ferrell, Fraedrich, & Ferrell, 2011). Additionally, a strong code of conduct offers real value to a company. Nike must have a more ...

The Classical Approach theory was developed in the 19th century as an approach to place reliance on various management elements such as division of labor, unity of command and delegation to establish various relationships between subordinates and authority. Classical management can be divided into three areas: scientific management, bureaucratic management and administrative theory. The major contributors to these three management thoughts are Henry Fayol, Max Weber and Frederic W. The classical approach is mainly concerned with increasing efficiency in workplaces on management practice and efficiency of workers. This theory therefore focuses on enhancing workforce, labor and management efficiency in ...

Political socialization is a development process where individuals acquire political behavior and orientation in which acceptable norms of a political system is passed on from one generation to another. Political opinion of every individual is influenced by social factors such as religion, race and ethnicity, media, peers and family. These factors affect their political views throughout their lives.

Role of Religion in Political Socialization

Throughout the history, religion has been used by leaders as a projection for political ambition. This is based on the principle that a leader should set as a good example and behave in a way his people expect of him by following a strict pattern of moral and ...

Minimum Wage

Perhaps, the issue of minimum wage legislation is among the most controversial issues surrounding the labor market. In many a country, minimum wage is determined through collective bargaining rather than through the determination of the law. Instead of using statutory regulation in the determination of minimum wage, governments intervene by following an arbitration procedure. Minimum wage often covers employees engaged under private contract and employees in public enterprises. Categories of workers covered under the minimum wage include full-time workers, part-time workers, piece workers, casual workers, freelance workers, and agency workers. Minimum wage regulations gives exceptions to workers such as the ...

Source One:

http://uofmhealthblogs.org/womens/pregnancy-childbirth/oh-body-will-change-pregnancy/8463/

Posted by Helen Kang Morgan, MD on September 24, 2013
In addition to the obvious physical changes as your belly grows during pregnancy, what other surprises may your body have in store for you? Pregnancy is an exciting time, but often one filled with many questions — is my baby healthy, can I do this/eat that, and what the heck is happening to my body?

During your first trimester, you’ll probably feel tired, perhaps more tired than you’ve ever felt before. Get as much rest as you can. About 70 percent of women will also ...

- Key points in Business Week Articles on Outsourcing & Impact on China Broadcasting Industry

There are several points that are identified in the Business Week articles on outsourcing. In the Rise of India article, the points raised are that outsourcing is considered as an opportunity for the jobless recovery in the tech and services between India and America.

However, the outsourcing has raised the jobless rate among US software engineers that have increased 4.6% in the 3 years. The report by Bureau of Labor statistics has recorded unemployment of IT professionals is 234,000. The outsourcing is a ...

Role of Federal Reserve

In the past few years, the Federal Reserve has come under increased scrutiny due to the financial crisis of 2007 – 2009. It has been criticized for lowering the interest rates, which resulted in cheaper mortgages, and thereby precipitating into a full blown financial crisis. Further, it has also been criticized for transforming itself into an investment vehicle, due to its role in quantitative easing, even though it helped in financial recovery.
Historically, it has been Federal Reserve’s dual mandate to maintain the stability of prices and employment. That it does by varying its federal funds target, by ...

Business

America is a nation that is full of different cultures and values depending upon different kinds of people, and each one of the diverse culture is valuable and unique in its own way. Without even one of the element in this diverse culture, the package is incomplete. This diverse nature of culture is what sets America apart from all other nations and keeps life going at America. (Le, H 2013)

The diverse culture that America holds is what makes the nation strong; otherwise America would have been just another average nation like the others. The culture that prevails in America acknowledges ...

The Visayan Forum Foundation, Inc or VF is working aggressively with other partners in innovating sustainable solutions to end human trafficking and the modern day slavery. VF is offers specialized services to the victims and their families, advocates for lasting changes, and builds social movements to fight human trafficking, exploitation, and domestic servitude.

History

Visayan Forum Foundation, Inc or VF is a Non Government Organization or NGO in the Philippines. It was established in 1991 regarded extensively in the innovation of sustainable solutions to end the modern day slavery totally. The founder and executive director of VF is Maria Cecilia Flores-Oebanda. ...

Alienation in the Workplace

- Why and to what extend should organizations be concerned with alienation in the workplace?

The workplace is where a lot of people, presumably, from different departments in an organization especially if we are talking about the workplace of a large corporation, collaborate to work on areas they are responsible for. Teamwork is an essential part of a highly productive workplace and workplace alienation according to Marx’s Alienation of Labor Theory, is one of the major hindrances to employee and corporate productivity .

- What is meant by the expression “alienation at work”; what are its main causes among employees and ...

- How did Gardner's actions match the description that Murray Rothbard gives to entrepreneurs and entrepreneurship?

Gardner is truly an entrepreneur. Professor Murray Rothbard describes an entrepreneur or a “capitalist-entrepreneur” as the person that invests in land and/or capital goods and uses these factors of production in the present for producing goods and services that will be sold in the future. The entrepreneur makes a profit if the rate of return he gets from this economic activity is greater than the prevailing general interest rates. This is brought about by his realization that capital or capital goods is “ ...

1. Claims of Globalism

Globalism is mesh of inter-reliance at a multi-continental level whereby, there is exchange of people, information, and capital between continents. An increase in Globalism is termed as Globalization while a decrease is De-globalization.

Globalization integrates global markets and liberalizes them

Globalism integrates global markets via the inter-reliance among the continents and liberalizes global markets through the divide between a state’s economy and the government, such that there is minimal interference from the government. The absence of government interference increases social interaction among the continents and the exchange of technology, labor, and wealth.

Globalization is unavoidable and permanent

The establishment of inter-reliance among the continents has been going on and will continue to take ...

Labor Relations Review Questions

2. Using the hospital as a setting, give two examples of what would violate the NLRA.
One of the provisions of the NLRA is the right to self-organization. Section 157 of 21 US Code, also known as the National Labor Relations Act, provides, among others, that employees have the right to organize themselves, either by forming, joining or assisting unions and bargain with their employers as a group through the union. This provision would be violated under healthcare setting, when a hospital management, for example, would deal directly with its employees for the setting of terms of their contracts. This happened ...

Introduction

The population of the world is increasing rapidly and so is the influence of the technology on the population is increasing. Technology is changing every facet of the human life. It has evolved rapidly in the past few decades and has left an influence on every field of the walk. The population is also increasing at a very fast pace. This year more than 150 million newborn will witness the changing trends of this earth. They all will be under the influence of the technology as well. Even it is not possible to record their births without using sophisticated electronic ...

DQ1: Exchange Rates.

A. I spent my recent holiday vacation in South Africa, which is quite an inexpensive destination with various world class financial institutions that offer attractive exchange rates. Upon arrival at the O. R. Tambo International Airport in Johannesburg, I found a forex bureau that offered forex exchange at 0% percent commission to travelers. I exchanged 2000 US dollars and received 21,400 South African Rand (R).
During the next four weeks of my vacation, I exchanged currency once at a forex bureau that charged 5% commission and later found out that I could exchange currency in Automated Teller machines at ...

Introduction

As modern contemporary society draws its attention to labor-intensive approach to production, business analyst has become interested in determining what could constitute to increasing workforce efficiency. This was when the concept of motivation came into place, and intellectual leaders in the likes of Frederick Winslow Taylor began formulating a model or framework that would suffice for economic efficiency alongside work productivity. It is not a surprise that economic institutions began extending its resources to help power the thriving and yet promising business economy. Frederick Winslow Taylor initiated the application of blending in the principles of science to the engineering of ...

Muller, the author of The new world reader: Thinking and writing about the global community, describes the US as a melting pot for all cultures and ethnicities around the world. Given that the US can be considered a multinational society, most ethnicities have migrated and settled in the country (Muller, 2014, p.35). America is considered as one of the flourishing economies that attract many foreigners to the country in that the country has high standards of living. Globalization has contributed to the US assimilating other cultures and ethnicities in their day to day lives. For example the Hispanics and Asians have ...

Riverside Electric

Safety and Health Written Policy: Riverside Electric

1. Goals and Objectives
1.1 The goals of the Safety and Health Written Policy of Riverside Electric is to orient employees on the pertinent standards and procedures governing fall hazards in the work setting;
1.2 The written policy aims to provide information on crucial personnel who would be responsible for the training and for ensuring that these procedures are clearly understood, communicated, and appropriately adhered to by all employees;
1.3 The objective of the written policy is to ensure that Riverside Electric conforms with the standards proposed and recommended ...

Fredrick Taylor developed the scientific management theory to increase economic efficiency by improving labor productivity among workers. The phrase ‘scientific management’ is derived from the systematic and observational ways used to analyze and arrange work for regular members in industries. The theory, which is based on facts, was proposed in 1930’s, but it is still applicable to date. Taylor argued that the aim of an organization should be to maximize the employer’s prosperity and improve on employees’ productivity level (Tompkins, 2005, p.26). There are four principles attached to the theory of scientific management: development of scientific ...

Growth in output per capita and in population growth

According to the report published by the World Bank in 2012, the Gross Domestic Product (GDP) per capita growth in Saudi Arabia was estimated to 4.36 percent. However, in the third quarter of 2012, the GDP in this country expanded to 5.87 percent. This growth rate is according to the report released by the Saudi Arabia Monetary Agency. The growth is associated by the country’s 20 percent possession of world’s proven reserves of petroleum. On the other hand, the average yearly percentage change in the Saudi Arabia population as a result of surplus/deficit in the economy is estimated ...

The role of indentured servants vs. slaves

The growth in the agricultural sector led to the demand of labor that was to be provided by both the indentured servants and slaves. This was as a result of poor technological advancement in the field of agriculture-there was no modern machinery. Therefore, the roles of both the indentured servants and slaves are to provide labor for planting, cultivating, and harvesting of cash crops (tobacco, rice, among others).The major role that they played was to offer cheap labor to their masters. They were responsible for providing labor in their masters’ farms.

The difference between indentured servants and slave as illustrated from the book.

Looking at the differences between the two, slaves ...

Q1: Basic building blocks of organizational structures (Specific examples). The basic building blocks of an organizational structure include division of labor, vertical linkages, horizontal linkages, and informal linkages (The Saylor Foundation [TSF], 2014). Garment manufacturing requires division of labor, or the assignment employees to the following steps: design, procurement, production (cutting, sewing, and, printing), quality assurance, and packing. Vertical linkages are exemplified by the lines of responsibility in a business school between the dean of college, the department chairs, and the department professors. Horizontal linkages are exemplified in the manner in which GE could conduct its divisional planning, wherein ...

Management

In supply chain management, the role of manager plays an important role in the success of the business. The job vacancy of ‘supply chain manager’ is a very demanding and dedicated job, which covers almost every important aspect of the supply chain management. The main requirement for the job is to create and maintain a good supply chain process for the company’s new office. It includes the responsibilities regarding purchases, shipping, production planning, and relation with the suppliers and receiving of goods. The job for the manager post requires special skills to manage all different production departments in an ...

Introduction

Human Resource Management is a critical department in the construction industry. Most of the construction companies do not understand the importance of human resource management in developing and utilizing the employees in the pursuit of optimum organizational performance, and consider making an investment in HR practices as a ‘luxury’, and ‘pen pushers’ (Wilkinson, Johnstone, and Townsend, 2012). In this industry, extensive labor outsourcing takes place, creating an opaque and transient employer-employee relationship. This cyclical nature of demand for the labor force makes the process of HR more difficult.

This sector works with subcontractors, joint ventures and alliances, and creates ...

The history of American economy has been a long battle since the time of the Gilded Age through the Progressive era and into the Great Crash or Depression of October 1929. During these years, from 1877 to 1929, class conflict was largely observed. The Gilded Age and the Great Crash were the notorious periods in which poverty and economic inequality skyrocketed reaching all-time highs in the American economy. The Gilded Age came at a time when there was widespread greed, corruption in the political systems, and speculative elements of the market. Of great interest is the absence of government restriction in ...

DQ 1. The Circular Flow in Economics

It is defined as the flow of payment in the economy in a circular motion where the end point goes back to the starting point in an infinite cycle. It can be demonstrated in several ways even with nature. Water cycle for instance works the same way. The water on land evaporates and brought up to the atmosphere forming clouds. As soon as the cloud gets heavy, the water vapor condenses and falls back to land in a form of either water or snow and the same cycle repeats throughout. In economics, the same cycle is composed of three market inputs ...

America is a magnificent and influential country. However, has it always been that way? Of course not. When one of most influential politicians of the United States, Abraham Lincoln, died, the country began to literally fall apart, and the entire world thought that the whole experiment called “democracy” failed. Just the few people believed that it was the beginning of something bigger. America was about to meet its most outstanding personalities, who turned the country, and made it better. Certainly, everyone came across such names as Rockefeller, Carnegie, and Ford. The Industrialization era is the time of the most ...

A healthy office environment is the main motivational factor behind both the workers and customers excitement to work in a business enterprise. A healthy office environment refers to a state where the working environment is up to the standards that does not infringe on the public well-being. The standards ensure that any office environment puts into account that the public health, safety at work, food hygiene, noise is to the minimal, the lighting systems are okay and the waste is properly disposed. The system also ensures that any possible environmental pollution is minimized and engages itself in the planting of trees, ...

The comparative advantage is a theory that explains how the world economy is affected by availability of productive resources within a country. It is simply the situation where a country cannot provide everything for itself hence import them from the other countries that have the required resources in large amount. Therefore, it gave rise to the opportunity cost, which is among the fundamental aspects of production. This means that when the opportunity cost is low the country is said to have a comparative advantages in the production sector.

There is an assumption that the comparative advantage of a country takes place in a one-factor economy. ...

Public Health and Health Care

The Occupational Safety and Health Administration or OSHA is a federal agency of the government that is responsible for the implementation and enforcement of safety and health regulations and under the Department of Labor. The head of the agency is the Assistant Secretary of Labor of OSHA who shall be under the supervision of the Secretary of Labor, under the U.S. Executive Department (OSHA, 2013). The Occupational Safety and Health Act of 1970 or otherwise known as the “OSH Act” was created for the purpose of prevent work place fatality or to prevent the ...

THE GREAT DEPRESSION

The Great Depression

During the time of great depression, there was a sharp increase in demand for labor however the supply for the jobs significantly decreased. According to the law of Supply, the more the wages available, the more people would want to work. Since people are not willing to work under conditions whereby there are low wages, the number of employees willing to work during this time reduced significantly as the wages was also low. During this time, the employers’ response would be to hire more workers thus increasing the number of employees and hence paying much lower wages. ...

The industrial revolution affected the country in several ways. The industrialization saw a change in the agricultural farming dependency to manufacturing firms. Factories sprang up everywhere and farmers working in people’s farms and they now started working in factories (Soman, 2008). There was a rise in the standard of living but it came at a high cost. First women started working in factories and were no longer seen to be housewives only. They were valued as a resource of labor in the factories.

The women were considered inferior to the men. The men and women who were not working looked down at ...

Synopsis: The following article consists of a brief study regarding the principles of Soviet Communism and American Capitalism. The research discusses the role of the populace with regards to the above mentioned constitutions. After giving an introduction to both, the paper will further formulate the consistency of the strategies which have been displayed in the pictures/images provided. The study begins with a briefing of ‘Political Warfare’ where the concept of ‘Totalism’ has also been added to the discussion and an understanding about its influence upon the political manipulations of a nation.

Introducing Political Warfare

‘Political Warfare’ is the strategy which is applied upon the opposing ...

The contents of this paper provide a guidance of carrying out a successful tutorial discussion. The tutorial is based on four different leadings. The objective of the tutorial discussion is to explore and expand on the knowledge captured by students during the conventional classes. Moreover, the discussion will provided an opportunity for critical thinking as well as communication skills practice amongst the students. The different leadings identified by the instructor provide the basis of the tutorial discussion.

The key aspects to observe during the tutorial discussion include but not limited to the questions asked, key words in the subject matter, ...

International Business – Outsourcing or Reshoring?

Introduction

Companies outsource their key processes to third parties for many years, but, perhaps, at the turn of the 21st century, the term “outsourcing” began to gain momentum. Around this time, the companies began to engage third parties to perform the work in other countries – a process known as offshoring – in large emerging markets. The process of offshoring has attracted political and public attention because of concerns that it is destructive to the internal labor market. In this regard, a process of reshoring (the return of production from abroad), but such factors as cost and efficiency of business ...

Introduction

Hilton Hotels is a global chain of full-service resorts and hotels. The organization is among the market leaders within the hotel industry and is a distinguished name and well-known across U.S and worldwide. The organization started operations under Conrad Hilton leadership in 1919. In 1946, the corporation went public with a portfolio of fifteen properties in eleven states. The organisation concentrated on the domestic growth within the lodging segment and through diversification into vacation ownership and casinos in 1964 after spinning off the intercontinental unit. Hilton Hotels has essentially grown to become the most recognized and successful hotel company in the world.

...

The Airline Pilots Association or ALPA have entered a collective bargaining agreement with Northwest Airlines in behalf of the latter’s pilots. ALPA representing the pilots of Northwest in the bargaining agreement filed suit against the latter and brought in to the District Court claims for monetary relief and declaratory assertion of breach by Northwest on certain provisions of the pension plan and Employee’s Retirement Income Security Act of 1974, 29, U.S.C. §§ 1001 (law.cornell.edu, N.D., a). For twenty years Northwest Airlines Inc. had made arrangements on the collective bargaining agreement of its pilots through ALPA. Prior to August ...

1. a) The Second Industrial Revolution, which was also referred to as the Technological Revolution, occurred during the later decades in the 19th Century. This was the time where mass production and electrification was booming. During this time, the production line was also created, making factory work faster and more effective (Stearns,).

It was during this time that the countries involved in the revolution saw much economic growth, over a short period of time. The living standards of each country greatly improved, especially after the Civil War in the United States. Due to the increase in productivity, the price of certain ...

Question 1

Labor unions have really impacted compensation in my work place. Prior to the intervention of the labor union, the organization used to offer inequitable and unfair remuneration to its employees. Incentives and benefits were a rare scenario and no employee received them despite their exemplary performance. The labor union engaged the organization in a thorough collective bargaining process that led to improved compensation. Working conditions, Wages and benefits were improved to a satisfactory level. This resulted to improved job performance, job satisfaction and recruitment. The overall performance of the organization improved enormously.

Employees are continuously joining labor unions as the popularity of ...

INTRODUCTION

Civil Engineering (CE) is a career in existence since 4000 BC, where human beings begun changing from a nomadic lifestyle, to construct shelters (Narayanan 2003). Construction, design and maintenance of the structures has been made possible through the study of CE, to share scientific and physical principles. Currently, CE applies physics and mathematical principles in the study of design and construction of roads, bridges, buildings, dams, and canals (Narayanan 2003). The disciplines under the study relate to material science, soil mechanics, hydrology, geography, environment, design, and structures. To be a civil engineer one must pursue a Bachelor of Engineering degree, which takes three ...

8)Using Marxist categories, fully explain the problem of the transformation of values into prices of production, mention the role of capitalist competition and the organic composition of capital in explaining the deviation of values from prices of production.

Marxist theory of transformation of values into prices of production is generally the view that labor is the inherent amount of value. Marx explains that a determination of prices by quantitative methods compatibly fits with the theory of labor considered as imminent amount or measure of value. This is a factual view that it is about the nature of exchange value and ...

Question 1 (a)

The year 1990 was the beginning of China’s growth in terms of Gross capital formation. China was constantly lacking behind in terms of gross capital formation in decades earlier than 1990 but in 1990 and onwards, China was able to take the lead from US and Japan with capital formation of more than $3T.

The rapid boom in export from the year 2002 brough significant changes in China’s export. Such a boom not only helped China to establish a strong export base but also helped China in taking the lead from United States. In the year 2010, it was indicated ...

Job satisfaction is a concept that is believed to be researched the most when it comes to human resources and in particular industrial psychology. The fact produced by this research is that job satisfaction is co related with productivity. There is no dispute in the correlation of satisfaction of job with productivity but on the contrary, there is no as such evidence related to it. There are three ways of explaining the correlation. When one employee is more satisfied towards hi job then he becomes more productive too. Thus, when he becomes productive it becomes a source of contentment for them ...

Part 1: Production Planning and Quality Management

Setting up of a production plant requires elaborate planning in terms of the location, raw material supply, production schedules, inventory, and transport. Creation of proper plans improves the efficiency in supply chain logistics, which in turn lowers the production costs while increasing the profits. In production planning, supply chain decisions involve both the strategic and operational plans. While strategic plans address the overall long-term goals of the firm, operational decisions focus on the routine functions of the firm.

Location decisions determine the geographic positioning of the production plant. It takes into consideration the suitability of the stocking and sourcing points ...

Question 1

Management planning is a process of identifying, classifying and analyzing, implementing and reviewing the set objectives and goals of the organization in a given period of time. Planning is a continuous process with its achievements obtained after a specified period of time has elapsed. Management planning is concerned with the future causes of actions by examining causes as well as effects of current decisions made to the future plans. Managers plan in order to take advantage of opportunities and strengths available in achieving their management goals as their organizational function. Management planning is a systematic process that involves predetermined steps that give the structure ...

Question one

Job costing is also known as specific order costing. It is suitable if it is possible to identify separately cost units of each job. Thus, after identifying a job it becomes possible to cost it individually. The job should be of a reasonable size and only relevant costs are included. It can be applied in contract costing, where, each contract is considered a different job and all costs incurred in respect to the contract are charged. Therefore, profit of the contract will be the difference between the contract price tag and the cost. This is commonly applied in auto repair shops and ...

Question 1

China and India have emerged as major economic forces, each following their own paths to economic liberalization and globalization. Describe the separate circumstances and strategies which led to their current success. How did communism influence each country and what challenges did their leaders face in making the transition to global capitalism?

China and India have emerged as major economic forces, each following their own paths to economic liberalization and globalization. To start with, China significant move towards economic growth began in 1990s. The government removed price controls (allowing forces of demand and supply to control prices). In addition, it ...

Terry Zupita must decide whether she should invest in Universal Autos, which is an American firm that is partnering with the Chinese government to manufacture U.S. automobiles in China. If she makes the investment, it appears that Ms. Zupita’s money will grow substantially during the next few years. However, friends and relatives have told her that UA might use child labor in its Chinese plants, and that employees often are abused in such plants. Should Terry purchase UA? If she does, she could be supporting exploitation of children and mistreatment of employees.1. Is there an ethical problem? If ...

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 ...