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Michael Santos Mrs. Zelnick Period 1 ! Recently, the idea of cheating had gotten much attention in the world of sports entertainment, and politics. Many celebrities have been accused of gaining a competitive edge through dishonest means. While cheating has mainly been publicly condemned, there are many that feel there are times when cheating can acutely be a way of making things better. They believe there is nothing wrong with making oneself a better athlete, entertainer, or politician if what they have done males the even more entertaining, or assist the greater good.A wise philosopher named Susannah Centivre once said, â€Å"Tis my opinion every man cheats in his own way, and he is only honest who is not discovered. † There are times when cheating is not acceptable or is never justi? ed, because everyone cheats, even if it was something little as someone copying homework from someone else. ! To begin with, Not everyone cheats as much as others. Most people cheat because they did not study or they did not do their homework, but there are people who do, do all their responsibilities.Some people rarely cheat, if they really do not know something or they had no time to do something. That is when people start to cheat. It is wrong, but if no one is perfect. Everyone cheats, even if they rarely do it. The people who does not cheat as much as others become successful even more successful than the ones who do, but there are more people who cheat a lot than those who do not. ! Subsequently, if no cheating was strictly ensured most people would not be successful as they would be being able to cheat.Studies show that each new generation gets lazier, and if no cheating was strictly ensured then each new generation would be less successful. With most of the new generations not doing any of their responsibilities, and not being able to cheat, there would be no future for them. With each of the generations not being successful, each upcoming generation would be even worst than the one before. ! Lastly, cheating is wrong, but every single person has cheated at least once. Cheating is what helped some people become that brain surgeon, or rocket scientist.Most people cheat because they were to lazy to study for the test or to lazy to do the homework. Not often that the reason they cheat is because they had no time to study or do the homework. Not everyone cheats all the time but, people still do it to accomplish a goal. Either to get an â€Å"A† in class or to get into a good college to be able to do once’s dream job. So, when people are protesting cheating because it is wrong, they have done it too, maybe not something big, but they have still done it. ! ! A wise philosopher named Susannah Centivre once said, â€Å"Tis my opinion every an cheats in his own way, and he is only honest who is not discovered. † There are times when cheating is not acceptable or is never justi? ed, because everyone cheats, even if it was something little as someone copying homework from someone else. People today cheat all the time, some people more than others. and its is important because the ones who do not get caught become somewhat successful. Clearly saying cheating is the best thing to do is not the best route, but the main idea is people do it, and you cant force people not to do it.

Promote from Within and Hiring Form Outside Essay

Introduction In my opinion based on the case study, it is not justified in appointing Mike Ullman, an outsider as CEO instead of Jessica Robert, who was instrumental in turning around the company between 2005 and 2010. The reason I disagree is because promoting from within brings a lot of benefits to employees and organization. I individually support promoting from within and I think that promoting from within is definitely more justified than bringing in an outsider. Research shows that insider and outsider both has different benefits and loss and it is depends on the managerial decision. Different management has different view towards insider and outsider. I have choose to support promoting from within in this assessment is because that the research make me believe that promoting from within can increase productivity and employees satisfaction. I have provides three strong reason to support my personal view. Question 1 The first reason of promoting from within is good for morale. When the top management is decided to promote from within, the others employees are often very pleased because they think that â€Å"one of their own† has been promoted to a management-level position and makes them feel nothing is impossible. (David G. Javitch., 2005) The morale of employees will improve when they realize that every one of them is possible to be promoted and this usually leads to increase motivation of employees. Since Jessica Robert was instrumental in turning around the company, the others employees will think that it is justified to promote Jessica Robert. The others employee has witness her hardworking in turning around the company and they do not have any objection in promoting Jessica Robert. If the company promotes Jessica Robert, the morale of employees will definitely boost because they think that it is possible to happen on their own too. When morale and motivation goes up, the productivity and the efficiency of the company will increase especially when the employees like or respect the newly promoted individual because they are already used to the way that work together with the newly promoted individual. (Charles R. Knoeber., 2001) Motivation is playing an important role within an organization because in increased of motivation often leads to increased of employee satisfaction. In case, Jessica Robert has joined the organization as the COO at 2005 and she was made a turnover for the company. Her succession is all seen by the others employee in the organization and she became a very respective person in the company. If the company promotes Jessica Robert as CEO, the motivation of others employee will definitely increase because most of the employees are respect her and they have been working together quite a long time thus, they are already used to the way Jessica Robert work. Second reason is an internal candidate is most likely already familiar with the functional aspects of their new job because he used to an employee in the organization. (DR. David G. Javitch., 2005) Jessica Robert He joined the company at 2005 and she is very familiar with all the process and the system in the particular organization and she don’t have to spend times to get used to the new environment, people, and the job scope. She knows the corporate culture, the procedures, policies, processes, employees, and internal and external customers associated with the job. (DR. David G. Javitch., 2005) Therefore, by promoting she can definitely increase the effectiveness of the company because she can generally hit the ground running. She can work more effectively than an outsider and increase the productivity. She can also lead the team to achieve goals easier than an outsider because she probably already familiar with every employee’s ability and behavior. (Mobb. S., 2010) A final reason to promote from within is that the current employee is already a â€Å"known quantity† to both management and non-management. Both groups know the employee’s strengths and limitations in terms of technical skills, abilities, knowledge bases, and professional personality. (DR. David G. Javitch., 2005) Internal candidate is recognized by both group and they may find easy and feel satisfy to work together with the person who they used to familiar with. Promoting Jessica Robert is actually benefits to the company because both management and non- management know her ability and strength. Her succession on turning around the company has proved her ability and she is definitely qualified to be the CEO of the company. Besides that, she is not longer requires any or as much training as employees from outside the company because she are familiar with at least the general workings of the business. (G. Raheja.C., 2010) Question 2 Advantages of promoting from within The first advantage of promoting from within is benefits on both sides. An organization that promotes from within has the opportunity to identify the characteristics, qualifications and skills it wants to be the suitable leader. (Greenwood, B., n. d) This will benefit the employees, who have a clear understanding of expectation. It is also benefits the organization because by promoting from within, it actually gives the top management a chance to evaluate staff carefully before making a recommendation for a promotion. In the process of evaluation the employees, the top management may discovered the skill and ability of each different employees and make a further promotion or changes. (Mobb. S., 2010) The other advantage is good relationships. (Greenwood, B., n. d) They have a solid network of collegial relationships within the organization because they used to an employee of the organization. The employees are willing to mentoring by him because he probably has build up a very good relationship within them. The top management is also relieved on him because his ability and skill has been recognized. Employees who are promoted from within are more likely to have a good understanding of the organization, its history and core values as well as the culture of the organization. They do not have to spend much time for extra training and they know the way to manage the organization and the way to help organization to earn profit. (Moobs.S., 2010) Disadvantages of promoting from within The first disadvantage is competition among staff. Promoting from within can lead to competitiveness among staff members vying for the same position. When one person is promoted, bad feelings can result in the people left behind. (Agadoni, L., n. d) This can lead to dissatisfaction at work, poor work performance and de-motivated the employees. Some employees may have felt entitled to a promotion even if they are not qualified, simply because they have put in more time and effort to the company. If length of service were the only criterion for promotion, people could be promoted to a job they can’t perform, which could lead to them being fired and reduce the effectiveness of company. The other disadvantage is smaller pool. The top managements have fewer options to fill a spot when they look for promotion only within the organization. (Agadoni, L., n. d) In addition, an insider of the company might not have the right skills needed to perform a job above their current level. They would need training and experience to accomplish the new tasks as expected, whereas outside talent might already possess the needed skills and different kind of experience. It will definitely reduce the organization’s efficiency when training is necessary for the new promote because re-training takes a lot of times and cost. (R. Knoeber. C., 2003) Advantages of bringing in from outside The first advantage of bringing in from outside is be able to achieving clarity on what the situation really is right now both internal to the company and externally. Most of the times, an outsider can see things in different angle and with precisely because they have different experience and they are new in the organization. (Constance Dierickx., n. d) They sometimes bring a point of view that is clear for that very reason. This different lens and frame of reference is exactly why an outsider is valuable and also what most organization is looking for. The second advantage is calibration. Most of the insider of the organization who are appropriately trying to inform the leader but who do not have an independent point of view and who may be stuck in routine ways of reporting. They are often follows the leader’s point of view and they do not have their own experience in certain sector. An outsider first in the organization, he may bring a breadth of different experience from having worked at different of companies in multiple countries on multiple continents as well as different industries. (Constance Dierickx., n. d) An outsider can ask questions that are different, share what he has observed and lead the members to achieve organizational goal. They can challenge their own assumptions as well as the veracity of the information they may hold dear because they have different of resources comes in different way. Disadvantages of bringing in from outside The disadvantage of bringing in from outside is learning curve. It takes time to follow up to speed on a new job, and learning about the corporate culture. (Lisa McQuerrey., n. d) This is especially true when the new outside manager wish to radically change the management style that previously was in place. Not only does the manager need time to be acquainted with the changes and its employees also need to come to an understanding of how the new promoted operates and what performance expectations he brings to the table. The second disadvantage functional expertise of the outsider. Unless the top management has witnessed the outsider at work in his/her field of expertise, otherwise there is no way of knowing whether the outsider’s functional expertise is meets the organization’s standards. (Mayhew.R., n. d) The technical skills or clinical experience of an outsider might not fit the organization’s requirement as well as the job scope. In addition, most of the organization does not take long time for employers during the recruitment and selection process and the employer should always ready to pay risk for incompetency recruitment. (Richards Brigg. B., n. d) Impact of promoting from within on the morale of employees The impact of promoting from within can improve the morale of employees due to great communication. An organization actually has many levels of communication such as from management to employees, between departments, between management groups and between individual employees. To maintain morale, communication lines need to remain open and important information needs to be delivered in a timely fashion. (Anderson. A., n. d) According to Anderson. A, laying off employees usually has a negative impact on morale, but allowing employees that are not scheduled to be laid off to believe that they could damage morale even further. A communication must be build within an organization, a leader who are promoted from within is actually be able to do that because they have been worked for a long time in an organization and good relationship could be build within employees as well as management group. Impact of bringing in outside on the morale of employees The impact of bringing in outside is affect the morale of employees because of the changes in management. Employees can become accustomed to the practices and methods of a particular manager, and when there is a change in management that can have an effect on morale. (Anderson. A., n. d) When an outsider bringing in, he might change the management of the organization and this will affect the morale of employees because most of them are not comfortable with the change and it may takes time for them to acquainted. (Lisa McQuerrey., n. d) Referencing Charles R. Knoeber. (2001) CEO Succession: Handicapping and the Choice between Insiders and Outsiders. [Online] Available at: http://hubcap.clemson.edu/~sauerr/seminar_papers/succession2.pdf [Accessed: 14 Jan 2013] Agrawa. A. (2004) Are outsiders handicapped in CEO successions? [Online] Available at: http://www.bama.ua.edu/~aagrawal/succession.pdf [Accessed: 14 Jan 2013] Briggs, B. (2007) Problems of recruitment in civil service: case of the Nigerian civil service. African Journal of Business Management, Vol 1 (6), p. 142-153. Available at: http://www.academicjournals.org/ajbm/pdf/Pdf2007/Sep/Briggs.pdf [Accessed: 19 Jan 2013]. Mobb. S. (2010) Internal Managerial Promotions: Incentives, CEO Influence, and Firm Valuation. [Online] Available at: https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=ALEA2010&paper_id=267 [Accessed: 15 Jan 2013] G. JAVITCH. David. (2005) Selecting the Best Manager. [Online] Available at: http://www.entrepreneur.com/article/78576 [Accessed: 15 Jan 2013] Greenwood. B (n. d) The Advantages of Promotion From Within. [Online] Available at: http://work.chron.com/advantages-promotion-within-6320.html [Accessed: 17 Jan 2013] Laura Agadoni (n. d) business and entrepreneurship. [Online] Available at: http://yourbusiness.azcentral.com/disadvantages-promoting-within-4019.html [Accessed: 17 Jan 2013] Mayhew. R. (n. d) Disadvantages of hiring an outside supervisor. [Online] Available at: http://work.chron.com/disadvantages-hiring-outside-supervisor-5593.html [Accessed: 20 Jan 2013] Dierickx. C. (n. d) Benefits of hiring an outside consultant. [Online] Available at: http://www.cdconsultinggrp.com/resources/articles/benefits-of-hiring-an-outside-consultant/ [Accessed: 20 Jan 2013] Anderson. A. (n. d) What impact morale in organization? [Online] Available at: http://smallbusiness.chron.com/impacts-morale-organization-6.html [Accessed: 20 Jan 2013]

Workers without Jobs

GAP cannot reflect positive or negative externalities Involve In the consumption and production UT these externalities do affect on people's living standard. Negative externalities such as pollution brings environmental costs to society but not calculated by GAP. Positive externalities such as technological advance benefits to society but it is not count in GAP. Economic well-being would be under-value or over-value if GAP is the only single measure of economic well-being. 3. Leisure helps people enjoy a better life.In countries with lower GAP, the welfare gain from leisure can compensate the welfare loss from low GAP. Explain why frictional and structural unemployment are unavoidable in most of the economies. There are always some workers without Jobs, even when the overall economy is doing well. For example, people now prefer cell phones from Apple than from Monika. Monika decides to cut down Its employees due to the decrease of revenue. It takes time for him (the worker) to search another job that is best suited for him. In this period when matching jobs and workers, he is unemployed and it is called frictional unemployment.Another example is that now most of the textile factories decide to move to mainland China. A worker in one of these factories loses her job, however, he Is unable to learn or change new working skills or knowledge on other specialist or other field. And therefore, she cannot find a new Job In her Orlando Industry and also in other industries. This imbalance between the skills and other characteristics of some workers and the needs of workers in the labor market causes unemployment called structural unemployment.When unemployment consist only frictional and structural unemployment, unemployment is at natural rate. In most of the economies, there are always some reasons causing frictional or structural unemployment. Employment rate never fall to zero it fluctuates around the natural rate of unemployment. Therefore, frictional and structura l unemployment are unavoidable in most of the economies. What are the three major functions of money? Discuss how these functions be affected by inflation. Account and a store of value.A medium of exchange is an item that buyers give to sellers when they purchase goods and services. When you buy a shirt at a clothing store, the store gives you the shirt, and you give the store your money. This transfer of money from buyer to seller allows the transaction to take place. When you walk into a store, you are confident that the store will accept your money for the items it is selling because money is the commonly accepted medium of exchange. A unit of account is the yardstick people use to post prices and record debts.When you go shopping, you might observe that a shirt costs $30 and a hamburger costs $3. Even though it would be accurate to say that the price of a shirt is 10 hamburgers and the price of a hamburger is 1110 of a shirt, prices are never quoted in this way. Similarly, if yo u take out a loan from a bank, the size of your future loan repayments ill be measured in dollars, not in a quantity of goods and services. When we want to measure and record economic value, we use money as the unit of account.A store of value is an item that people can use to transfer purchasing power from the present to the future. When a seller accepts money today in exchange for a good or service, that seller can hold the money and become a buyer of another good or service at another time. Money is not the only store of value in the economy: A person can also transfer purchasing power from the present to the future by holding monetary assets such as stocks and bonds. The term wealth is used to refer to the total of all stores of value, including both money and monetary assets.What assumptions are necessary to argue that the quantity equation of money implies that increases in the money supply lead to proportional increases in the general price (a) Discuss two reasons why the GAP deflator gives a different rate of inflation than the ICP does. 1. 12 PEP (6 marks) (b) Explain the likely effect of a binding minimum wage on the unemployment rate. (5 marks) (a) Suppose an economy that is initially at full employment faces a tremendous drop n imports. I.

Alcoholism Personal Statement Example | Topics and Well Written Essays - 500 words

Alcoholism - Personal Statement Example Emotional distress and parental influence was the main reason to start off with the habit. In order to handle the increasing misery which was caused due to many problems (financial and family) I resorted to the drinking of alcohol. At first it provided me a sense of relief but a point came when the distress began to mount all over again. It started as fun, took over me and began killing me slowly. In other words it can be said that Alcohol is just like a slow poison. I realized all these negative features of Alcohol after a great demise of my father's life. I have lost my father because of this slow poison. He was suffering from Cancer but we couldn't realize it until his health got so severely damaged that he could not recover. Young individuals are more responsive to the positive effects of drinking, like feeling of being comfortable in social situations. They may have a relatively large amount of alcohol than adults because their maturing brain does not accept any reality unless they experience it. Their brain does not understand the possible devastating loss but consider the positive social experiences. Alcohol consumption does not only harm an individual but the society. Alcoholism is a great threat to the youth and must be stopped for a brighter future of the youth, their family and the whole country.

Leadership discussion broad Essay Example | Topics and Well Written Essays - 250 words - 2

Leadership discussion broad - Essay Example On the other hand, firms which are stuck in the middle of the two strategies make the lowest returns because they can neither build their image of the product of products or services of the highest quality or distinct features consistently nor that of a cost effective provider consistently. A cost leader selects product differentiation at a low to moderate level. Differentiation incurs more cost as more resources are required to be spent in making the product unique. Therefore, a cost leader goes for differentiation which is not markedly inferior to its competitors competing through differentiation, but is achievable at a low cost. A cost leader does not add a unique feature until it is wanted by the customers or it has been done by the competitors (Hill and Jones, 2008, p. 121). A cost leader attracts the customers by charging them a lower price compared to what they are charged by the competitors, but this tendency to charge the lower price is jeopardized when the cost leader also tries to become a differentiator. Consequently, revenues are

How will a governmental shutdown affect the American people Research Proposal

How will a governmental shutdown affect the American people - Research Proposal Example This paper tells that in 2011, the U.S. Congress passed a last-minute compromise bill authorizing the raising of the national debt limit which narrowly escaped a shutdown of the Federal government and its associated agencies. The threat of a U.S. government shutdown has major significance for the international financial markets, the employees of the Federal government, and the people who rely on it for goods, services, and payments. A U.S. government shutdown may be temporary and limited in effect, as it was in 1995 during the Clinton administration when the Congress and White House became deadlocked in a budgetary impasse. The changing economic climate of the 21st Century, following the global meltdown of the financial system in 2008, means that another occurrence of this event could lead to new and unintended consequences. The global economy is weak currently and emerging from a period of recession in the USA and Europe, largely caused by the consequences of years of wasteful gover nment spending and debt. The U.S. national debt now stands at over $14.5 trillion, a total greater than the complete Gross Domestic Product (GDP) of the entire country and all of its annual economic activity combined. While Congress and the White House negotiated in 2011 and failed to come to concrete terms on real cuts in spending and debt reduction, the Standard & Poor’s rating agency for the first time downgraded the U.S. credit rating, citing the political impasse as a major reason. (Detrixhe, 2011) Consequently, a U.S. government shutdown in the current political and economic climate could have significantly different or more severe effects in the contemporary milieu than it did in the 1990’s when it last occurred, and these consequences would likely not be contained solely in the United States due to the complex interrelationships present in the global economy. The most immediate and obvious effects of a U.S. government shutdown would be seen for Federal governme nt employees, who would be essentially laid off without payment until the impasse is resolved. The government in this situation makes a determination as to which Federal employees are considered â€Å"essential† to national security and keeping the U.S. Congress running, and which are to be considered â€Å"non-essential† employees, to be suspended from work without payment. As Ewen MacAskill (2011) of the Guardian Newspaper reported, â€Å"The US Congress has begun sending out letters warning staff they will be suspended from this weekend along with hundreds of thousands of other workers as part of a looming federal government shutdown. The letters inform staff whether they are regarded as essential – necessary to maintain security and keep Congress running – or non-essential.† (MacAskill, 2011) MacAskill (2011) and other analysts suggest that approximately 800,000 â€Å"non-essential† employees of the Federal government would lose their jo bs and salaries at least temporarily until the budgetary issues are resolved. (MacAskill, 2011) Yet, this immediate economic effect of placing nearly 1 million people out of work would have an inherently restrictive or contractive effect on the U.S. economy. Dean Praetorius (2011) listed nine possible effects of a U.S. government shutdown that shows the ripple effects of this outcome in the domestic environment and larger global economy: 1. Lost Money: â€Å"The last shutdown cost taxpayers $800 million, including $400 million in wages to federal workers who did not report to

International Finance & Capital Markets Essay Example | Topics and Well Written Essays - 6000 words

International Finance & Capital Markets - Essay Example The company has the desire to acquire China COSCO Holdings Company Limited, which is mainly a logistics and shipping supplier company. The plan for acquisition is evaluated in order to examine whether it will be a success for both the companies. Babcock International had been planning for expansion internationally for the past few years. However, they were targeting the Chinese market in particular. The acquisition plan has been in the negotiation stage and thus there is a need for providing the Board of Directors of Babcock International with recommendations from the financial director regarding the collaboration with COSCO. The cross border acquisition brings a number of issues like the exchange rate risk along with the cross border trade. The plan is evaluated by evaluating the solvency, liquidity and the profitability position of both the companies. The balance sheet of the companies is compared in order to make a decision regarding the collaboration plan. The recent acquisitions of Babcock International are also examined in order to evaluate the strength of the company and get an idea whether it is capable for the acquisition of COSCO. Introduction Babcock International Group PLC is an established company in United Kingdom which is the part of the European Union (EU). The European economy is the world’s largest importer globally in 2011 (16.4%). It is also the largest exporter in the world, exporting 15.4% of all the exports across the globe. Rules and regulations are very strict in EU which possesses restrictions to the companies at different levels of business. Thus it is important for Babcock to obey the rules and regulations of the country and take decision regarding the acquisition China COSCO. The EU also provides investors with a unique market for investment after passing the Markets in Financial Instruments Directive (MiFID) in 2008. Merger and acquisition is viewed as the change agent for any company. The action is taken for expanding or co ntracting the basic operation of the firm which is also known as corporate restructuring. There are different types of acquisition which includes the cross border, local country and home country acquisition. Babcock is panning for cross border acquisition as it is deciding to acquire China COSCO which is leading logistics and shipping Supplier Company in China. The acquisition plan of China COSCO by Babcock will be successful if the following conditions are fulfilled: 1) The creditors and the properties of China COSCO are protected by courts. 2) Babcock has clear knowledge regarding China COSCO. 3) The growth of China COSCO encourages rapid market penetration of China. 4) The entry barriers are considerably high. 5) The cultural difference between UK and China are low. 6) Babcock is relatively larger than size of China COSCO. 7) Babcock has the ability to take the risk of acquisition. 8) Babcock has experience of the local markets of China. 9) Babcock is quite late in entering China market (Clark, 2002) The above conditions are necessary to be fulfilled if the acquisition has to be successful. Babcock has a plan for entering the markets of China for a long time. The proposal of the acquisition is examined by evaluating the financial strengths of both the companies. The benefits of the investors are also concentrated upon. The negotiation