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Economics Essay Examples

Employee Engagement

...Depending on the employee and the organization, there are differences in the attitude, behavior and outcomes. This also affects the overall outcome. Even if the employee feels proud and loyal, it is very important to maintain a dynamic role in the enterprise. According to this, the accidents are lowered and there are lesser conflicts, higher productivity and reduced sickness. Engagement occurs in two ways, organizations must work to engage with the employee, who also in turn reinforces the other...

Improve own performance in a business environment

...1.5 - Possible development opportunities are increasing the skills to do the job at hand or a future job that you are trying to get. Some of the ways to do this are shadowing a colleague, reading articles and journals. Taking notes on new things will help with this. Experience with a new skill, such as meeting new clients. This type of skill you can do at home in front of a mirror or just ask someone to help and let them be the client. The possibilities are endless but being prepared will always...

Can money buy happiness

...In conclusion, evidences suggest that an increase in income and consumption does not appreciably increase happiness. However, due to relative income effect, people still engage in the rat race for making more money. But as a person’s income increases over time, a person’s expectations increase as well, therefore they aspire to having higher incomes. To the extent that satisfaction is tied to whether those aspirations are met, satisfaction may not increase as income grows over time. It is pos...

The Payment of Wages Act 1936

...rules made under sub-section (2) may - a) require the maintenance of such records registers returns and notice as are necessary for the enforcement of the Act prescribe the form thereof; b) require the display in a conspicuous place on premises where employment is carried on of notices specifying rates of wages payable to persons employed on such premises; c) Provide for the regulate inspection of the weights measures and weighing machines used by employers in checking or ascertaining the wages ...

Ethical dilemmas in the workplace

...I don’t know if whistle blowing violates company loyalty but it sure would make it an uncomfortable place to be if it occurred often. I would have to think that morale would suffer and the chance of derogatory behaviors would increase. Too much of it you may even see a threat of workplace violence. I don’t think an employee has an obligation of loyalty to a company, even a prima facie one, because companies are not the kind of things that are properly objects of loyalty. I do however feel th...

Goodwill Impairment Testing

...* We have elected to carry forward the fair value as of December 31, 2010. Note: On December 31, 2011, Galaxy’s share price was $27.50 and 50 million shares were outstanding, indicating a market capitalization of $1.375 billion. We firmly believe that the reporting unit fair values represent management’s view of the company’s business and expectations. The market has undervalued the company’s stock. Accordingly, the implied control premium of 120 percent is viewed by management as reason...

Reward Systems

...As technology has advanced, the option of working at home for some or all of the workday is becoming increasingly possible. A high-speed Internet connection and a laptop computer connected to the workplace network provide many people with everything they need to do their job. Obviously this arrangement is more suited to some positions than others. A job developing programs for a municipal recreation department would be more suited to a work-at-home plan as opposed to the job of instructing the p...

The Role of Money & Happiness In our Life

...Why is it essential to be delighted? Well, for something, by word meaning itself, we feel better. Joy does not just make us delight in life more; it really affects how successful we remain in both our individual and professional life. Joy makes people more friendly and selfless, it increases just how much they like themselves and others, and it strengthens their immune systems. Many of individuals when asked what would make them delighted would definitely respond-- more money. Is it truly possib...

Microsoft’s MACH Program Designed to Help Millennial Grads Make a Difference – Fast

...Joseph Ibarra, a MACH 2008 graduate, is a supporter of the program. “I’ve seen alumni at the MACH events, people who have accelerated quickly throughout the company and won some of Microsoft’s most prestigious awards. It’s really inspirational to see people come to the company and have a huge influence. It shows it can be done, even at a company with so many people.” Graduates of the Microsoft Academy for College Hires (MACH) are perfect advertisement for Microsoft. The positive enric...

RL Wolfe Self Directed teams

...Strong, defined boundaries leads to an employee base that knows their roles along with the vision of the company. John Nirenberg reveals, “If personal transformation is to lead to organizational transformation…we must align our new selves with a new form (p.31)”. If change is to happen at the Corpus Christi plant than it first must come from management. With the development to the Self-directed teams [SDT], the employee has been allowed to make numerous decisions involving pay, work hours,...

Financial Statement Analysis

...There are various types of ratios including return or profitability ratios, which offer information regarding the management’s performance in the usage of resources. The other ratio example is liquidity ratio, which are used to demonstrate the business ability to pay its present obligations. This measures in short and long term views. The other ratio is the leverage, which examines the extent in which a company has depended on borrowing so that it can finance its operations. The other ratio is...

Stakeholders Compensation System

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Speaking about basketball

...The objective is to shoot a ball through a hoop 18 inches in diameter and 10 feet high mounted to a backboard at each end. A team can score a field goal by shooting the ball through the basket during regular play. A field goal scores two points for the shooting team if a player is touching or closer to the basket than the three-point line, and three points if the player is behind the three-point line. The team with the most points at the end of the game wins, but additional time may be issued wh...

Coe Case Stydy

...An expansion to Mexico would offer a great potential. An in-depth market research will help analyze the patterns and habits of costumers. Doing business in Mexico will not only help the company grow but it will also benefit the U.S. economy. Ever since NAFTA took effect, both large and small American companies have expanded in Mexico. A range of locations in Southern USA have developed rapidly to keep up with the heavy trade between US and Mexico offering new jobs to U.S. Citizens and boosting t...

Liquid Assets in Firm

...The current assets should either be liquid or near liquidity. These should be convertible into cash for paying obligations of short-term nature. The sufficiently or insufficiency of current assets should be assessed by comparing them with short term liabilities. If current assets can pay off current liabilities, then liquidity position will be satisfactory. The standard current ratio is 1: 1.33 means any firm / company is having adequate funds to meet its obligation in time. The firm has to main...

Circular Flow

...Injection is considered as things that enter into the households or businesses due to the leaks that were caused in the open system. An injection that comes into the household is that of foreign firms sending wages and rent to US households. An injection that comes into the businesses is that of foreign households purchasing goods produced by US firms. An example of a leakage would be a household buying a foreign car from a foreign company outside the United States. An example of an injection wo...

Capitec Strategy to success

...Fixed-term savings gives one the ability to choose from two deposit options. The first is a “single deposit” which can run from a period of 6 to 60 months with a minimum balance of R10 000 and a maximum investment of R5 million (Capitec Bank, 2014). The second option is “multiple deposits” which can run from a period of 6 to 24 months with a maximum investment amount of R1 million. The interest rate is fixed for the full term and interest gained from this option can either be reinvested ...

The Market for Lemons

...Akerlof, G. (1970) The Market for "Lemons": Quality Uncertainty and the Market Mechanism. The Quarterly Journal of Economics, 84, (3): 495. 6 Akerlof, G. (1970) The Market for "Lemons": Quality Uncertainty and the Market Mechanism. The Quarterly Journal of Economics, 84, (3): 496. 7 Akerlof, G. (1970) The Market for "Lemons": Quality Uncertainty and the Market Mechanism. The Quarterly Journal of Economics, 84, (3): 498. 8Akerlof, G. (2001) Writing the "The Market for 'Lemons'": A Personal and In...

Effects of overpopulation

...The higher the population of a country, the more teachers are needed in schools, and this leads directly to overcrowded schools since the government cannot afford the cost of paying additional teachers, and building new schools with larger capacity. This will affect in a very negative way student’s way of learning and attitude; for instance, when they see that the conditions are discouraging and not motivating for studying, either they drop out of school or they get involved in some morale dev...

Principles of Microeconomics

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The effects of unemployment on the economy

...Economists call unemployment a lagging indicator of the economy, as the economy usually improves before the unemployment rate starts to rise again. However, unemployment causes a sort of ripple effect across the economy. The two key problems resulting from unemployment, especially the unemployment of labor, are personal hardships and lost production. The owners of the unemployed resources suffer personal hardships due to the lack of income. The rest of society also suffers from unemployment due ...

DBQ Essay: Green Revolution

...The documents given about the Green Revolution provide evidence about the truth of the causes and consequences of it. The Green Revolution began in 1945 because of our realization of the issues that prevented countries from aspiring to their true potential, and with that acknowledgement the Green Revolution came into play as a hug advancement in agricultural technology that helped many people as it also negatively affected others. Whether the Green Revolution was good or bad for the areas it too...

Hi-Value Supermarkets- Everyday Low Pricing

...With all the information that has been provided, it can be concluded that if Hi-Value decided to operate in a way that is seen as being more reasonable and economical for customers, customers will be more inclined to shop there. If management decides to implement better sanitary solutions and decides to clean up the dairy department, it would more than likely lead to better customer satisfaction. If management works more closely with ensuring that customers do not experience out of stock items a...

Haier Performance management

...If there is any change you would like to make, what would it be? It may not be that effective in the U.S. The U.S. culture is different from Chinese. They have low power distance and privacy is an important issue. The U.S. employees may feel being insulted if their performances are publicized, i.e. the colored footprint may not work. Also, there is higher level of performance orientation in U.S., emphasis is not put on daily performance but final result. They also enjoyed individualism and freed...

Project Scope Сomplete Kitchen Remodel

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Law and Real Estate

...Debra Peterson is currently the Chief Executive Officer of the Pacific Grove Spice Company. The Chief Financial Officer, Fletcher Hodges, and she are trying to figure out what strategy to take to meet the demands of the bank that finances their company. The recent financial crisis had made the credit committee uneasy and they now want Pacific Grove Spice to reduce interest-bearing debt to less than 55% of total assets and the equity multiplier to less than 2.7 times by June 2012. They have three...

Distinction between Microeconomics and Macroeconomics

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Philippines Economy

...This is kind of surprising to know but I believe they can get over this. They are very hardworking, very creative, unique and one of the countries we all look forward to. With how they are able to maintain a good economy, good people, that is something. But then again, let’s face the reality. Japan's public debt surpassed the 1 quadrillion yen (£6.7tn) mark last week and the country needs a strong recovery to boost tax revenues enough to begin reducing its debt burden. It will raise pressure ...

HND Business Human resource management

...Peer recognition is the modern performance appraisal process also includes in the 360 degree process. This process is to award and acknowledge an individual for their outstanding performance in the company. This would be could be more non-financial factors based which can motivate employees to improve their output. One such factor may be the desire to serve people; others may be to improve personal skills or achieve promotion. Employees are more motivated if they feel content in their work. Thi...

The Lesson by Tony Cade Bambara

...The children do not seem to respond very well to Miss Moore’s lectures. However, they respond and understand the lesson better after they experience the reality of where they are economically. The children’s characters show that even though learning a lesson can be a pain for children, it is still important for them to learn. When the children complain about not being able to buy the toys, the complaints show that they are in different level of economy. Mercedes seems to be the only ones wit...

Cashless Society

...The cashless society has multiple advantage such as reduced crime(no physical money in banks), increased competition purely based on skills ,labour and talent , convenience in payment between friends and most  importantly increase social interaction. For this we can have access to money via credit cards and mobile transactions and by using disruptive technology. A disruptive technology is the phenomenon occurring when two or more separate technologies converges unexpectedly to a new type of te...

Challenges of restaurants facing in HK

...Last but not least, there is a fierce competition among restaurants. In today’s highly customer-oriented marketplace, maintain increasing levels of food hygiene and service quality is certainly important. Restaurants need to ensure that the basic service is good and the menu should not be dull and it should include some special dishes regularly in order to attract customers. However, it is not the only requirement for maintain restaurants’ competitive edge. Becoming a successful restaurant, ...

Employment Law Compliance Plan

...This law makes it illegal to discriminate against any individual on the basis of race, color, religion, national origin, or sex. This law also makes it illegal to retaliate against an employee if they may have complained about discrimination, filed a charge of discrimination, or participated in an employment discrimination investigation or lawsuit. Title VII of the Act mandates employers to make reasonable accommodation for both applicants and employees in regards to religious practices, unless ...

Case Study: Alcoa’s Core Values in Practice

...As in life, it is perfectly fine to want to strive to become better to have overall quality and satisfaction out of life and in your business. Alcoa has a made a commitment to improving the quality of life among its employees and community as well. Overall, Alcoa’s ethical work climate is diverse and encourages open communication between workers, has ethical high principles and a very good work environment. Alcoa’s core values are held to a high standard and by setting these standards Alcoa ...

Business Administration Level 2 NVQ Unit 1 Questions & Answers

...1.6 It is important to keep other people informed about progress because it will helps them know the targets already achieved and what they are to achieve. This will helps them set up their objectives in order to meet their targets. Furthermore, it avoids duplication of tasks and also promotes motivation among the team players. 1.7 Allows people to be better prepared for work, mentally, physically and tools-wise. It is respectful of the other person's time to give him or her a good idea of what...

Influence contrasting economic environments

...GDP will affect Cancer Research because they may see an increase in customers if the GDP was low because typically there are high rates of unemployment at times like that and people still need clothes to wear and rather than pay high street prices people with go to the charity shops and buy cheaper second hand clothes. However if the GDP increased then Cancer Research may see a decline the their sales and customers because there are high levels of employment during a high GDP and people with ha...

The advantages and disadvantages of virtual organization

...Managers are hard to measure the performance and commitment of their employees as they work at their own places rather in the traditional office which managers could see their workers every day. Lastly, it makes communication more difficult for virtual offices because there are less physical interactions and we need to arrange the actual time and date for an online meeting. Similarly, workers who are working in different time zones will even find it more difficult in order to communicate with o...


FAQ about Economics


❓ Why is the demand of labor a derived demand?

...What would happen to marginal and average productivity if a technological innovation is introduced to the production process? While the costs might increase the average productivity should increase as well as the marginal productive will increase as ...

❓ Outline how legislation, policies and procedures relating to heath

...obsticles that may cause trips. If staff, employees and the service users don’t follow the policies put in place then the risks of accidents will be raised, and if an accident does occur and they haven’t followed the procedures they were responsi ...

❓ How to Improve Our Government

...The government has a reliable system that has gotten our country out of some troubled times, and may be one of the most united governments the world has seen. As previously stated though, nothing and no single person is perfect. With these little cha ...

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