Essays on Formalizing

Introduction and background information

The underground market is a precise example of free economic activity at work. The markets are entirely unregulated except by the participants themselves. No taxation takes place, and it is possible to pursue activities in the underground market which are illegal. The market can be very popular. Indeed, the smugglers (the earlier form of underground markets) were sometimes, known as ‘free traders ‘in medieval Europe. The major factor influencing the growth of the underground market is high taxation by governments. The increased tax is because of the ever increasing public expenditure with dwindling resources at the disposal. Reversal is ...

Introduction

In this paper, the application of knowledge management (KM) techniques in solving problems in an organization is explored. In the problem at hand, the efficiency and effectiveness of the long-term care (LCT) facility has been compromised. First, patients’ information is entered into the wrong charts. Secondly, there is a new policy whereby Medicare will not cater for hospital acquired infections. Thirdly, patient (resident) satisfaction levels in the LCT facility have dropped significantly from 90% to 60%. As such, this paper will employ knowledge management in improving patient satisfaction levels. To be specific, three factors of knowledge management will be employed: ...

Contracts are agreements that two or more parties get into with a motive of honoring the terms stipulate. Contracts can either be written, oral or perceived. Contract law ensures that parties involved in any contract conduct themselves in the acceptable as any misrepresentation would arise to making the contract voidable and illegal. Breach of the contract could also result to fines by the courts of law. Skyline contractors Inc. v. Spokane Housing Authority

Statement of facts:

The skyline contractors were the appellant in this case while Spokane Housing Authority was the respondent. Skyline contacted had been contracted by the Spoken Housing Authority. ...