Intro to Finance Essay

An efficient financial system promotes intermediaries that successfully link â€Å"savers† from â€Å"borrowers† (Mankiw). There are two widely-known financial intermediaries namely the banks and mutual funds. Banks are highly accessible to the general public are generally more cost advantageous that direct lending. Generally, the banks main purpose in the economy is to take in deposits from savers and â€Å"use these deposits to make loans to people who want to borrow† (Mankiw, N. Gregory, 2001, Principles of Economics, p. 557). Banks incur costs by paying interest on these deposits and earn from these by charging higher interest rates on loan borrowers. Second to this, banks play an important role in the economy as they â€Å"facilitate the purchases of goods and services by allowing people to write checks against their deposits† (Mankiw, N. Gregory, 2001, Principles of Economics, p. 557). In this manner, the economy benefits from banks by this accessible medium of exchange. Unlike stocks or bonds which are not as immediate, checks make it easier for the public to exercise their monetary transactions. Mutual funds, on the other hand, are institutions that use the proceeds of selling shares in buying portfolios of stocks and bonds where they derive their profits. The financial markets become more accessible and efficient because mutual funds allow people with small savings to become owners and creditors of numerous companies. Also, mutual funds allow its shareholders the benefit of risk diversification wherein a single fund can carry a roster of diverse portfolios in stocks and bonds. A broker can either be an individual or a corporate entity that earns a fee-based profit by performing buy and sell orders from investors and/ or clients. A good example of this is a brokerage firm that specializes in trading company stocks and securities. A broker’s main functions in the financial market would include basic execution of buying and selling shares, and financial advisory to clients regarding the management of their shares/ stocks. With the emergence of automation and popular online brokerage firms, traditional brokers have redefined their place in the industry. Most popular online brokerage firms such as Ameritrade and E*Trade offer lower fees to investors as opposed to traditional brokers. Financial and Investment Advisory are also automated online via innovative investment software tools. With information becoming more accessible because of the internet, traditional brokers are now transitioning into online brokers wherein online orders are still routed to and monitored by them; and with reduced client-interface for advisories.

Managing involvement participation PowerPoint Presentation

Managing involvement participation - PowerPoint Presentation Example Although human resources cannot yield perfect predictions, it does give the organization the ability to think through what kinds of personnel will be needed in the future. Further, such planning gives the organization an opportunity to prepare to meet that future in a more proactive manner. In both case studies, training and development programs are the main tools which ensure participation and involvement of staff. Following Armstrong and Baron, training is much more than a technical exercise to impart knowledge and skill to the worker. It is first and foremost a point of contact among a workers need to grow, to feel capable, to be respected for what he or she can do, and managements need for productivity. If the task bank is present at that point of contact, it can provide a shared interpretation and understanding of what training is required as well as how and when that training can be best delivered (Bateman and Snell 32). The organization then makes the investment in training required for worker competency. In return, the worker brings the flexibility and willingness to apply these newly acquired competencies to the inevitable problems and challenges on the job. A partnership develops that, if nurtured through the words and deeds of management, further reinforces the trust that is required for a quality product or service. The case of Capgemini UK plc shows that continuous training is a core of effective performance and cooperation. All officers receive training throughout their term; also the company proposes special training programs for new starters. The Scottish Prison service arranges regular training for SPS managers and TUS representatives in order to develop positive and effective relations (Armstrong and Baron 82). In both cases, counseling and coaching are a part of involvement and participation process. in both organizations, counselors and managers are used for dealing with more personal issues, such as helping managers to resolve problems of

Code of Proffessional Conduct Research Paper Example | Topics and Well Written Essays - 750 words

Code of Proffessional Conduct - Research Paper Example ents and future professionals in the accounting sector, it is therefore of utmost importance to understand these principals as well as their role in informing professional accounting and ethical organisational behaviour. The first guiding principle of the CPC as adopted by AICPA is the responsibilities principal which requires members to professionally sensitive and exercise moral judgements. Since professional accounts have a very essential role to play in society it is their responsibility to ensure public confidence in their work and promote the profession’s goal of governing itself. The public interest principle on the other hand places on professional accountants the obligation of putting the interest of the public at the forefront in all their actions. All stake holders including the customers, government, businesses investors and others heavily depend on work of accountants and as such they must win the trust of the public through highest standards of professionalism (AICPA, 2015). The third principle is integrity and whose goal is to ensure professional accountants discharge their duties in a manner that is rightfully just. They should be honest and adhere to highest levels of confidentiality while handling clients and ensure their personal gain does not subordinate service and the pursuit for public trust. The principle of objectivity and independence requires member to remain objective & independent in performing their duties and avoid conflicts of interests at all costs. Professional accountants are also guided by the principle of due care requiring them to consider professional, ethical and technical standards. They are expected to consistently to strive and improve their levels of competence, service quality and execute responsibility vested on them to the optimum of their ability. Finally there is the principle of scope and nature of services. It expects all professionals service the public in their practice to adhere to guidelines as per the CPC

Various Situations with Misleading Statistics Math Problem

Various Situations with Misleading Statistics - Math Problem Example Statistics can mislead people because they fail to represent single elements in the entire population (Bluman, 2005). This paper will consider the instances in which statistics can mislead people. â€Å"For every hundred women, 91 have taken the road less travelled† is a statement that represents a misleading statistic. From this statement, â€Å"the road less traveled† appears to offer readers an escape from daily life. The 91 per cent statistic appears to be an attractive statistic, but it is blatantly untrue. This statistic manipulates readers in the following ways: drawing readers in and piquing their curiosity by an implication that the advertisement will show the choices that 91 percent of women will make, presenting the readers with a situation to compare themselves with the 91 percent of women, and the statistic tries to add credibleness to the advertisement (Bluman, 2005). This shows that 91 per cent of women purchase the product that is under advertisement, wh ich enables readers to compare themselves with these women. The statistics can also make readers believe that the scientific study of the choices has undergone completion (Bluman, 2005). However, it is impossible for the reader to tell the meaning of 91 per cent statistic in practical terms.  Ã¢â‚¬Å"In a recent article, the author states that 71 per cent of adults do not use sunscreen† is another statement that represents a misleading statistic. There are a number of potential reasons as to why this statement could mislead readers. The readers may undergo temptation to assume that the author was referring to those individuals who do not use sunscreen while the sun is hot, but the author did not have the same implication (Bluman, 2005). Readers can ask themselves the following questions: What is the author talking about? Why did the writer write about not using Sunscreen? Does it mean the availability of sunscreen is in limited supply for every person who would like to wear i t? Does it mean the author has a company that distributes and sells sunscreen? Does it mean that the author is warning people against skin cancer? Does it mean that the author wrote an article with the intention of building a resume? Another question that readers may ask is the ‘when’ question. When does the 71 per cent of the adults not use sunscreen? Is it on vacation, when the adults are at work, when the adults go to bed at night, or when the adults are watching movies? Readers can also ask the ‘where’ question while trying to find what the author implies. Where do adults not use sunscreen? When the adults are at the office, when they are travelling in the sun, or when they are watching movies at home. It is not necessary for most adults to wear sunscreen when they have normal eyesight (Bluman, 2005).

Discrimination and the Role of Business Research Paper

Discrimination and the Role of Business - Research Paper Example However, the commonness of the term in our societies, there has been no stable and neutral definition of the feud. In an attempt to define the term, Altman (2011) views discrimination as the means of treating groups of people in distantly different ways. Discrimination in the workplace occurs when an individual employer or employee treats one group of employees with less consideration than others. All the same, Altman (2011) admits that not all unequal handling of employees constitutes discrimination considering the fact that various people in an employment set up perform different kinds of duties. Employment discrimination practices as comprising issues like biased hiring of workers, selective promotion, unequal job assignment, unreasoned termination of ones duties and unfair compensation. Furthermore, discrimination can be defined as the use of ones power to induce legal and behavioral restrictions on the impoverished societal members to with a vision to maintaining the inequality and desires of particular individuals. In addition, discrimination refers to the unfair treatment of a particular society or group having different believes and views on concerning particular issues. Workplace place discrimination does not just result from the specific work place but the established social relations mostly influence it. The elements of social discriminations are influenced by the varying relationship between groups, which later dictates power and participation in various issues. The hostile existence between groups and social prejudice can lead to development of bullying and stereotyping among various employees in the working organization. Discrimination in an organization may also result as a way of reiterating against past discriminatory acts to previously low ranking employees. Discrimination takes various dimensions that include race, gender, age, ethnicity, or disability among other natures of discrimination. Discrimination classifies under two major forms that include direct and indirect discrimination. Direct discrimination involves the act of treating particular individuals in a disfavored manner with consideration to specific traits such as of gender, race, disability, nationality, disability, and culture (Altman 2011). Indirect discrimination on the other hand refers to the policies that tend to be transparent and fair from the outlook but appears opposite when critically investigated. Indirect discrimination can involve blockade of job applicants on the grounds of petty reasons such as age and unreasonable requirements. In most cases, indirect discrimination persists in organization since it is never for an individual to identify and disclose it on the open. Indirect discrimination have been problematic to certain individuals especially women and the disabled groups (Altman 2011). The general concept of discrimination involves unethical treatment of specific individuals in ways of harassment, bullying, and prejudices that finally ma y have negative impacts on the victims’ concentration. The impacts of discrimination are usually borne by the society as well as the organization in which the act is pursued. The gender form of discrimination has been problematic and with great influence to the society and job organization as well. Gender discrimination in the societies has seen women being viewed as the minority members of the particular families (Glucks 2011). Gender discrimin

Harm reduction, not abstinence, should be the goal of drug treatment Essay

Harm reduction, not abstinence, should be the goal of drug treatment in the criminal justice system. Discuss - Essay Example cause they can permanently affect the functioning of the brain, impairing judgment and leading the users into doing things that are not intended for the users. Finally, it leads to addiction whereby the person so addicted cannot function without drugs, and they may find themselves engaging in criminal activities o as to access the drugs when they do not have the money to purchase the drugs. Drug addiction and use also lead to conflicts with relations and strained relations between family and friends because the person using the drugs may act in ways not acceptable to the family and friends. Most of the psychoactive drugs are in many jurisdictions, and continued use may end up exposing the person to jail terms and fines. There are many offenses that are to drug use and possession, and it is of interest for any jurisdiction to control the possession, use and consequences of the drug use. Criminal justice system is the systems that have been put in place by a government to control limit and eliminate criminal activities in a jurisdiction, and it is usually an arm of the state. The criminal justice system is enforced using public resources, and, therefore, the most economical and equally effective policies should be adopted for the common good of the nationals of the jurisdiction (Berridge, 245). In order to properly understand this essay, it is important to highlight the delinquent repercussions of drug use and how the same can affect the individual. Drug use and possession are illegal in many jurisdictions, and thus if a person is found to have used the drug, they will be forced to face criminal consequences. Drug possession is meant to curb those who possess the drug for onward transmission to the users or those who are holding the same before they use. Therefore, the state does not have to prove that one actually used the drug for one to be prosecuted. There are also those offenses that are by the persons in the process of obtaining drugs, depending on the

Denver art museum Essay Example | Topics and Well Written Essays - 250 words

Denver art museum - Essay Example One of the paintings which attracted me most during my visit to Denver art museum was the images that depicted both the innocence of childhood and glorious beauty of nature simultaneously. It portrayed two cute girls taking the pleasure of a lovely evening in which one girl’s curious activity entertained the other. This was the representation of the innocence of childhood at its best. Another painting which drew my attention represented the act of reading by a lady whose emotional expression was difficult for anyone to figure out. The lady merely read the book without the emotional reflections in her eyes and it showed the act being taken merely to pass time. At the same time, another painting; a lady reading a book with extreme curiosity and enthusiasm was indeed a contradiction to the other one. The comparison between the two paintings very well represented the various perspectives through which the same action is being performed. Works Cited Denver Art Museum. Aslam, M. Apr il, 9, 2010. Web 11 Feb 2011 http://www.buzzle.com/articles/denver-art-museum.html