Essays on Exorbitant

Adam Smith is an important figure in the field of economics. Smith’s writings in economics contributed greatly to the development of capitalism as a means of economic organization in society. One aspect of the society that puzzled Smith was how it was made up of individuals acting in their own interest, yet it still held itself together. Smith theorized that an invisible hand played an important role in a society based on a market economy. According to Smith, the invisible hand leads the private interests of individuals in a direction that benefits the interests of the whole society ( ...

Abstract

Phillips Morrison International is one of the most iconic brand in the tobacco and cigarette industry. Rated as the most innovative company in the industry,over the years, Phillips Morrison has diverted their focus on emerging markets that account for 80% of the global demand,while the westernized consumers are being introduced to next generation products. However, the focus of the company remains in Asia Pacific region as it looks to target growing population of India, China and other Asia Pacific regions. Even on the financial terms,the company is performing better than its core rival, British American Tobacco ...

Introduction

Offshoring is a common trend to a majority of international companies that have their root of operation outside the U.S market. Apple Inc. is one such company that has been caught up in a flurry of controversy regarding its stake in remitting taxes to the U.S government. Besides, the offshore account maintained by Apple Company has led to serious criticisms and flurry of accusations. This essay focuses on the main reason why companies like Apple would wish to maintain offshore operations rather than refocus their operations in its domestic country.

Reasons for Offshoring

The main motto that is behind Apple’s decision ...

ABSTRACT

The environmental friendly activities have been given utmost importance in every field. Due to the environmental degradation, the new trend of “go green” has been formed among the people. The people are very persistent about sustainability. The architecture and civil engineering are one of the major fields where the sustainability has to be considered on priority basis. Architect Stefano Boeri has been translating his unique idea of sustainability through world’s first vertical forest building, Bosco Verticale. The objective of the present paper is to explore the safety, durability and the sustainability of the architecture. It these factors are ...

The selected issue from the Restaurants Canada website is entitled “Fighting the Credit Card Giants” which revealed the exorbitant costs of credit card fees, considered one of the highest in the world . Likewise, Restaurants Canada was noted to prod the federal government to regulate credit card fees to enable restaurants to compete equitably and generate higher profits. Upon closer examination, Restaurants Canada revealed that part of the credit card fees include cost of the meal, sales tax to be forwarded to the government, as well as server tips (Fighting the Credit Card Giants; Downs).

The article written by ...

Introduction

The airline industry mainly focuses on extensive planning, strategy and decision-making towards sustaining profitability and viability in operations. Through the inculcation of plausible operational policies, organizations manage to position themselves within an individual profitable niche. As such, various players within the airline sector inculcate diverse and individualized approach in operations that lead to differentiated outcomes. Thus, Allegiant Air is a performing company within US airline industry that has sustained its operations through specialized approach in operations. As such, the company has incorporated a low-cost approach that is driven by effective policies and performance approach. As a leisure and travel based carrier, its ...

Abstract

This paper reports on ethics, ethical issues in the society branches of ethics and the role of ethics in the society. It goes ahead and narrows down on business ethics. This is done by defining what business ethics is giving concrete examples and showing how they affect the stakeholders in a given enterprise. Finally, it commends on various ways through which these issues can be curbed in order to arrive at a healthy business environment. According to Blackburn, S. (2001) The Term ethics refers to a branch of philosophy which studies morality -explaining what is right and wrong, justice and crime, ...

There is no denying that there is seemingly unequal access to justice in most legal systems. However, one of the biggest hindrances associated with access to justice is the disparity between the rich and the poor. In addition to the technical, complex, and cumbersome procedure that characterize most legal systems, people have to pay to access to have their issues addressed. The rich and the poor suffer the same fate with regard to largely retrogressive legal procedures. Notably, the poor suffer more injustices that the affluent since they are not able to afford the exorbitant legal fees that are ...

Abstract

The 2008 financial crisis provides several examples that can now be cited to illustrate the entire financial system’s vulnerabilities and ample room for improvement. This paper uses the Satyam fraud case to illustrate the ruses and machinations utilized both internally and externally by those publically entrusted to easily perpetrate fraud on a grand scale. The paper cites the methods used to carry out the fraud and the major events leading to the fraud being revealed followed by the monetary, commercial, and public damage the scandal caused. The paper will show how top management with both internal and external auditors ...

Often the news reports on the multi-million dollar salary packages, promotion deals, and signing bonuses for athletes in every sporting discipline. In many cases, the average citizens can only dream of these figures. The society sees athletes running around, passing a ball or kicking a ball, or merely moving from one point to the other on the field, yet they make money that the professional teacher will never earn honestly in his lifetime. The question many individuals ask is: why are professional athletes making so much more money than professional teachers? The answer is simple, yet it makes no sense. Clearly, ...

William butler Yeats authored, ‘The second coming’ in the year 1919. The world war first was just ended and its effect is loomed in the poem, written by Yeats. At the beginning of this poem, author explains how the world has been turned into pandemonium. Yeats blames evil powers for this chaotic situation that has occupied brains of good Christians. A number of people find Yeats using the collective unconscious in his poem, ‘The second coming’. This paper intends to discuss the poem, with special focus on the use of collective unconscious in the poem along with other related ...

Analysis of Personal and Organizational Ethics and Values between For-Profit and Not-for-Profit Organizations

Introduction Unethical business behavior remains a major concern in the business world. The ethics problem is witnessed indiscriminately in both profit making and nonprofit making organizations. Ethics are as important as the objectives of the business and, therefore, corporations and other companies have a responsibility to adhere to the ideals of their organizations. This is if the ideals of such organizations have a standard moral and ethical stand that is universally acceptable. The persistence of this problem becomes a greater concern after considering the fact that organizations like those involved in charitable activities find themselves on the wrong side of morality.

This ...

Political Science

Background and Description of the ACA 2010 President Barack Obama signed in 2010 the new health care law known as the “Patient Protection and Affordable Care Act” that extended the health insurance coverage to millions of uninsured Americans in order to guarantee the security and affordability of the coverage (Jacobs and Skocpol, 2012). At the same time, the new health care law has broadened the coverage and aims to reduce the Nation’s budget deficit. The recent studies have shown that proposed reforms will work for the advantage of not just the consumers, employers, but also includes the ...

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Introduction

Economic growth stems from, and brings forth further commercial activities. The aggregation of commercial activities influences the rate in which economic growth thrives, hence the importance of noting each kind of activity. Among the most obvious manifestations of a growing economy is the emergence of advanced infrastructures. Positive progress in the economy usually reveals itself through the presence of infrastructural improvements on roads, transportation and real estate spanning commercial, business and residential facilities. The evolution of real estate infrastructure serves as among the most compelling signs of economic growth. One could ...

Abstract

The way in which CEOs are paid today is often at odds with the actual success of the business, leaving many executives being well-paid even when their ideas and their business acumen fail. In the case of individuals like Michael Eisner, the CEO of Disney in the late 1980s through the early 2000s, he enjoyed unprecedented wealth and pay, despite a less-than-stellar output and profits for the company. Though his pay was justified at the time, due to the tumultuous period that Disney was encountering, his eventual mistakes and overabundance of power left him with too much pay and control ...

Throughout history, financial crises and economic recessions have taken place in different parts of the world. After the collapse of the Soviet Union, the United States of America emerged as a force to reckon with in the global market. The emergence of the United States of America as a financial power house is attributed to the liberalization of the markets and the focus on the development of the IT and communication sector. Given the pivotal role of financial epicenters in global financial markets, a crisis in any of the financial epicenters can have devastating effects. In 2008-2009, there was a financial crisis that ...

This report presents an assessment and analysis of the Australia football league in terms of the sustainability of the league. Additionally, the paper discusses the arguments that are made for the expansion of the league which include the money factor, support to local infrastructure, employment creation and building a base for a future viable football business. The argument discussed against the expansion of the league is in terms of salaries and wages for players, financial capability of the clubs and the impact it might have on the environment. The paper draws attention to the economic justification to the changes in the ...

How many people in our society would yearn for higher education? But does everyone have equal access to it? This argument surrounds the negative impacts of higher education cost in America and how many intellectually qualified high school graduates cannot afford tuition to enter even the cheapest of institutions, known as the community college. A recent research on Florida Memorial University located in Opa Locka Florida, revealed that the cost per semester, when all courses were considered, to enroll in a Bachelors of Science 4 year degree program was $6,175 per semester for in- state students with an ...