Multinational finance and accounting Essay Example | Topics and Well Written Essays - 3000 words

Multinational finance and accounting - Essay Example 5. (the forecast of proceeds is revised downward here because the equity investment of the subsidiary is less; the buyer would be assuming more debt if part of the initial investment in the subsidiary is supported by local bank loans). 6. Required parent's rate of return 18 percent. To Find Present Payment, Given Future Required Amount Given: Interest 18 18 18 18 18 18 Number of years 1 2 3 4 5 6 Present Value Interest Factor 0.847457627 0.71818443 0.608630873 0.515788875 0.437109216 0.370431539 Initial Investment 40,000,000.00 Initial Investment in Marks at $.50 per mark 80,000,000.00 Net Cash Flow 8,000,000.0010,000,000.0014,000,000.0016,000,000.0016,000,000.0016,000,000.00 Net Cash to Parent 4,000,000.005,000,000.007,000,000.008,000,000.008,000,000.008,000,000.00 Net Cash to Parent after tax 3,600,000.004,500,000.006,300,000.007,200,000.007,200,000.007,200,000.00 Salvage After 6 years 30000000 Exchange Rate1

Self-Disclosure, Gender, and Communication Essay

Self-Disclosure, Gender, and Communication - Essay Example By divulging inner feelings, fears and preferences through daily quality sharing of information, Orbuch emphasized that long term romantic relationships are enforced. I definitely agree to the points contended giving support to the self-disclosure as instrumental in revealing new and exciting information that could prolong the interest and enthusiasm in a married couples’ relationship. I believe that in any interpersonal relationship, for that matter, the value of new information in diverse subjects provides the impetus for sustained interest in the relationship. The ability to pay attention to one’s partner is crucial and is enriched through quality communication that was suggested to be continually nurtured through time. I can definitely relate to the article on self-disclosure in relationships, especially on the portion which explains that self-disclosure actually manifests a â€Å"sharing (of) your private feelings, fears, doubts and perceptions with your partnerâ €  (Schoenberg, 2011, p. 7). By revealing intimate feelings, emotions, preferences with one’s partner, a portion of oneself is virtually exposed and it is as if one is committing oneself by confiding private matters that only the lifelong partner is expected to know. It creates a strong bond linking two married couples together. In this regard, I agree that self-disclose is important and directly related to satisfaction in relationship because, as abovementioned, the ability to confide to one’s partner requires trust and commitment and a deep understanding that whatever deep secrets are divulged would not be relayed to others.

Two Concept on Liberty Essay Example | Topics and Well Written Essays - 1000 words

Two Concept on Liberty - Essay Example Similarly, positive liberty may entail what a person would do in order to withdraw from the world around him or her and the injustices of the tyranny of the many and tyrant. This paper therefore seeks to explain how the concern for positive freedom and autonomy can lead to tyranny ultimately according to Isaiah Berlin and also evaluate his arguments critically. The notion of the positive liberty is derived from an aspiration on the side of a person to his or her own master. It is actually the freedom to live as one sees fit and not freedom from the same. The freedoms may seem not to be apart, but according to Berlin, the ideas of freedom are historically developed in the different directions which ended up getting into direct conflict with each other. This may be illustrated by analyzing the question of what it is to be your own master. In his view, Berlin asserts that we can be spiritual slaves or slaves to the nature as well as we can be physical slaves. He also says we can justify coercion through claiming that we act in the interest of those we are coercing, and if only they could have self awareness, they would realize the probity of those our actions. Isaiah Berlin states that the conceptions of the freedom and liberty are directly derived from the conceptions that constitute a person. If one manipulates the definition of a man, the definition of freedom as one deems fit. These give one authorities which might lead to tyranny in the end. Due to the fact that positive liberty is the freedom to realize the best good in history, Berlin was indomitable to apply political power to set human beings free to realize some end of history. That determination that Berlin argued led to repression inevitably. This could possibly result into tyranny as individuals would do what they deem fit in their own eyes. It is the same positive liberty according to Berlin that brings a notion that any enslaved man cannot be able to make decisions that encompass his freedom. This i s due to the loss of ability to choose as a wish; hence one cannot say rightly that he or she can choose to make a decision if that particular decision has intrinsic weight on it from the authoritarian slaveholder. Isaiah Berlin derived positive liberty from the theories that focused on the capacity of an individual to rule himself or herself, autonomy of the agent. In his account, he realized that Rousseau equated freedom to self rule and obedience to self rule which he considered dangerous. With this equation, he alleged that Rousseau meant that a public or common interest, that which is best for all citizens. The general will of people would be at odds with the individual’s selfish wills. This would ultimately lead to tyranny if critically looked into as everyone would be doing only what interest them. Other theorists of the positive freedom gnaw the bullet and assert that the satisfied slave is free indeed and that in order to gain freedom, an individual must first learn not to dominate so much certain empirical desires and get rid of them, in other words, one must remove as many of his or her desires as possible in order to be free. As Berlin states it, if I got a wounded leg â€Å"there are two ways of freeing myself from pain. One is to heal the wound. Another is to get rid of the wound by cutting off my leg†

Corporate Social Responsibility in event management in the 21 century Essay

Corporate Social Responsibility in event management in the 21 century - Essay Example It plays a crucial role in shaping an organization’s reputation, to either praiseworthy or poor. This depends with how it aligns its objectives in line with that of the stakeholders, especially customers. Corporate social responsibility of event planning in the 21st century aims at satisfying those around even if it is at the expense of the company. This is because the stakeholders are the backbone of any company. Failure to treat the stakeholders in a fair way may lead to failure of the business. One of the ways that corporate social responsibility gets attained in an organization is through public relations (Yeoman et al 2004, 29). Public relation assists the business in achieving corporate social responsibility by means of monitoring the business environment. Public relations make it possible for an outside –in approach to reflect on the things that make the organization favored and a decent picture in the eyes of the stakeholders. It reflects on the expectations and standards that the community has about the organization. Event planning is a role that mostly requires direct interaction with the stakeholders and hence a strong relationship with them gets to be always preferred. ... , develop an event design, search for the vent’s site, arrange for food, decor, as well as entertainment, plan for transportation, send invitations, arranges for needed accommodation, supervision of an event and event evaluation. It involves brand intricacies by identifying target customers, logistics planning, as well as coordinating the procedural aspects. These events impact the community in a variety of ways. Event management tool is used as a marketing strategy tool that for communication. The events promote communication with the stakeholders. Corporate social responsibility for event planning in the 21st century concentrates on minding about the event’s impact on the environment, economic as well as social matters. Event management CSR incorporates sustainability both socially and environmentally. The event management team works at making responsible decisions that will not have a negative impact on the stakeholders. The organization plans, organizes implements t he vent with the community in mind. Event management and planning should always involve CSR in events to improve the sustainability of the event management organization. CSR programs always do a lot in creating a compelling legacy in the community. Event management managers should have always assume responsibilities of the work seriously, especially commitment to stakeholders. Particular interest is taken in the conservation and restitution of the global environment (Werther & Chandler 2005, 54). Corporate social responsibility for event management in the 21st century seeks to reduce the ecological impact of organized events by reducing emissions and energy and raw materials consumption. Corporate social responsibility of event planning in the 21st century focuses on three principal categories of

What role does Lex Mercatoria Play in international commercial Essay

What role does Lex Mercatoria Play in international commercial contracts - Essay Example XX century was marked by the rapid surge in international economic relations, which led to an increase of the world trade volume and accelerated the trade turnover between partners from different countries. But amid the dynamic changes of relations in the international commercial turnover, the legal regulation of these relations did not undergo a radical transformation. Such means as collision and substantive rules of national legislation of parties in dispute or the provisions of international contracts were traditionally used. However, in recent years the existence of a certain group of relations, which regulation goes beyond the specified levels, manifested itself. These are relations developing in the process of international trade implementation. Trade has always been a key element in international relations. Due to trade, the exchange of knowledge, customs and traditions among different peoples occurred. Trade also encouraged the development of other economic activities (e.g., banking, insurance and so on.) Any actively developing phenomena require adequate regulation; otherwise, it is impossible to achieve the objectives, pursued by members of the international commercial trade. In this case, the mechanism of regulation must meet, on the one hand, the interests of the market, and, on the other - the needs of the participants of trade relations (Selden, 1995). Objective reality of today is the inability of national legislations to fully resolve the whole range of problems, arising in the process of international commercial

Developing a Philosophy of Education Essay Example for Free

Developing a Philosophy of Education Essay I believe the purposes of education are to instill knowledge, instill forms of proper behavior, instill values and principles in the minds of children, and include the development of skills, physical, mental and social. Formal education begins with primary and then secondary education and higher education. It is when we grow up we begin to achieve the purpose of education and understanding of its application in daily life. It is believed that education is to be responsible for the cultivation of a civilized society. Providing education for citizens manages to develop a responsible and thoughtful community. Education helps in imbibing moral and ethical values in individuals and education, in turn, helps in creating a healthy society, which holds a deep understanding of the principles and philosophy of life. The purpose of getting an education is to achieve progress in the areas of operation to enable every member of the community of learners to earn a living. Also, one of the beliefs about the purpose of education is that education aims to create a good teacher. I believe that students learn best when they are taught under certain conditions and in certain ways. Some of these include the student’s support and encouragement, give them self-confidence, and give them the opportunity to participate and discuss in the classroom. Also, teachers encourage them to be themselves and use their creativity. Gentle treatment and respectful treatment of students gives students a sense of comfort and the ability to be tender. The curriculum of any classroom should include certain â€Å"basics† that contribute to students’ intellectual, emotional, social, and physical development. These basics are activities that help them to read and write. As well as activities that help to open mental thinking such as mathematics. By doing so you will teach the student the skills needed. Students learn best in an environment that promotes learning. Some of the characteristics of a good learning environment are to be a sponsor of the learner environment and be keen to learning and development. A learning environment is comfortable and equipped with the necessary settings that help the student focus and pay attention in the classroom. Lighting, air conditioning and classroom size appropriate for the number of students that help the students focus. Should all be taken into account. A teacher should have certain qualities and behave in certain ways. Qualities I think are important for teaching are respect between the student and the teacher, which helps in the creation of the student values. The teacher must be patient and bear the mistakes of their students and help them to live. Be friendly in dealing so that students feel comfortable toward the teacher. That makes flexibility in communication between student and teacher. Creative teachers are able to motivate students by using creative and inspirational methods of teaching.

Current State Of Ethics In Business Commerce Essay

Current State Of Ethics In Business Commerce Essay The pace, scale and complexity of modern business has forced a change in how business is done. While it is accepted that it is foolish to do business with someone who is not trustworthy, the question arises whether you can trust those who are not ethical in all of their behaviour. Short timelines, tight supply chains and narrowing margins mean that chances cannot be taken that suppliers or customers will not honour their contracts as expected. Suppliers and customers are now becoming partners and stakeholders in business, and relationships with them are becoming more and more underpinned by trust. Trust is built on expectations of truth in words and consistency in behaviour. It is impossible to do profitable business with someone who says one thing one day and does something different the next. Ethical leadership is vital in business today. It is the backbone to any long lasting successful company in todays business market. It is important for companies to clearly layout their stance on ethical leadership to employees and the public, to have members of the company lead by example, and to reinforce the ethical leadership concept through out the year. By following these steps, the company will sustain or acquire ethical leadership in their companys culture. Although business accepted ethics slightly change through out the years, everyone should know if an action is ethical or unethical before they take an action. The importance of companies clearly defining their stance on ethical behavior will let individuals know how making an unethical decision will impact them, their fellow workers, and the company as a whole. On the other hand members of the company will also know how making an ethical decision will have a positive impact. Once a clear ethical leadership stance is taken, rewarding or punishing ethical or unethical actions should strictly uphold the rules. There should be an unbiased group to facilitate this activity, for example a Human Resources Department. Every employee, from the CEO to the mailroom clerk, should practice ethical leadership. Every member and every group can and should exhibit ethical leadership. This concept should not just be thought of as a manager to his report. Ethical leadership can happen in unexpected situations, for example where a CFO of a company asks the mailroom clerk to do an unethical act and the mailroom clerk refuses the CFOs request. The clerk refused based on the companys stance on ethical behavior. In this example, the clerk presented ethical leadership, but was in no way in a leadership role. The clerk would also feel safe taking this stance because he believes in his companies set rules on ethical leadership. He will not be negatively impacted due to the fact that he can contact his unbiased Human Resources department with issues of this nature, on top of the fact that he maybe rewarded for taking this ethical stance. Reinforcing the ethical leadership concept through out the year is also important for businesses. Not only reinforcing, but also reinforcing with meaning and showing the value of ethical leadership. Making positive examples of employees through rewards, have mandatory yearly training (make it fun), send positive ethical leadership examples out as part of company newsletter, ensure that unethical behavior is dealt with in an ethical way, restate companys stance during large meetings, make ethical leadership apart of each employees personal evaluation each year (make them give examples) and have ethical workshops. All of these examples will ensure that every employee knows the companys stance on ethical leadership through reinforcement. The over all concept of ethical leadership is that it is as important as making a profit in the business world. Profit and ethical leadership should be top priorities for any company that plans to have a long lasting existence. Ethics in itself can become a very pliable term with many grey areas, so focusing on specific ethics may prove futile. However, focusing on doing the right thing along with the reinforcement of ethical leadership may be the answer. Baking ethical leadership into a companys culture is key. Ethical leadership holds a positive outlook with great potential in the current business environment is the improvement that we have seen in ethical issues over the relatively recent years. As we all know accepted ethical behaviors have slightly changed over the years and will continue to do so. Ethical leadership along with the help from laws has driven the implementation of the halt or reduction of racial discrimination, sexual harassment, and sexual discrimination. It is believe that accepted ethics have made great leaps and ethical leadership is one of the driving tools to solidify these concepts. Recent huge companies like Enron and World Com have made great examples of the importance of ethical leadership. It is said that the CEO of Enron, who was just sentenced to many years in prison, had the saying that nothing else matters besides profit. This is apparently not the best way to lead a long-term successful company. The fall of companies that disregard ethical leadership cost all Americans, the companys employees, and share holders billions of dollars. Based on this fact, the health of economies depends on companies to lead with strong ethics. One positive aspect that these unethical companies did do for America is to drive home the absolute importance of ethical leadership in business. Due to the unethical acts of these huge companies, everyone has taken notice. Many colleges are driving ethics harder then they ever have, the media attention has been enormous, and US companies are really sticking to ethical leadership programs better now than in the past. Recent changes in the business environment have deeply affected businesses and ethics consultancies that are concerned that the word ethics, in a business context, has lost its original meaning. They consider ethics to be unregulated behavior as well as regulated and talk about what is ought to be done as well as what we is compelled to be done. Not only would an ethical person not break the law or flout a regulation, but he/she also would think hard about doing something perfectly legal that gave the person ethical concerns. The ethics industry, now called the ethics and compliance industry, dwells almost entirely on issues of law and regulation. It is thought that ethics, as an important business tool, has been sidelined. The ethics industry emerged in the 1970s with defense scandals that resulted in the Defense Industry Initiative, a self-regulatory body of defense contractors. It really launched in 1991 with the Federal Sentencing Guidelines for Organizations, which helped judges to determine consequences for corporate misbehavior and, critically, identified seven steps that businesses could take to mitigate those consequences. The suggested steps included a code of ethics or conduct, training in the code, and a high-ranking person to oversee the program Many of the early providers were academics and nonprofits, like IGE, who believed that it was possible to guide corporate behavior through improved corporate decision-making. The waves of scandal that culminated in the 2008 financial tsunami have all but erased our formal ethics beginnings in business. A backwash of regulation, prompted by an outraged public, followed each wave. Companies, ethical and otherwise, are drowning in rules, expensive rules and regulations that make global competition difficult. Good companies are still doing the right things, but the focus has shifted from thinking ethically to complying with myriad regulations. In other cases, a whole new workaround ethic focuses on ways to skirt the rules. Following the recession, companies are demanding that people make their numbers while still following the rules, which even ethics professionals see as difficult. Professionals who used to direct their employers ethics programs are disappearing, replaced by legal professionals with specific expertise in bribery and corruption, export controls, insider trading, money laundering, and other topics of special interest. Were unhappy with the retrogressive sea change, but our respondents found some treasure silver lining, perhaps washed up on the beach. Anticorruption has a surprising ally, social networking, which has become a global phenomenon. Although the United States has a new portfolio of laws governing business (especially financial business) called the Dodd-Frank Wall Street Reform and Consumer Protection Act, which encourages whistle-blowers with offers of cash bounties and protection, social networking already has leapt far beyond. It is almost impossible to escape the reach of texting, tweeting, YouTube, and Facebook. Employees, customers and suppliers stay connected and theres really no place to hide when people take pictures and movies with their smart phones and make their observations public on the Internet. Although staff departments responsible for ethics have experienced cutbacks in funding, they are now working more closely with other departments that help to manage their companys risk. Its common to find close cooperation among ethics and compliance, internal audit, security, health, safety and environment, legal, and human resources. The benefit is that companies are likely to spot and avert misbehavior more quickly. Additionally, ethics and corporate social responsibility (CSR) now work more closely because their intentions are similar making the corporation a responsible citizen through attention to environmental and human rights issues. There is also exposure to legal penalties. Companies involved in international trade have to represent their products to potential or current clients based on their expected inputs by the suppliers. Â  A company that is involved in illegal activities, or that knowingly falsifies information on inputs supplied can create serious problems for its business partners. Â  A company with a good reputation and solid brands has much to lose, and should not take chances with its brand value. Another issue challenging the practice of good business ethics is the values, which employees bring to the work environment. Much has been said over the years about the deterioration of employees work ethics. The impact of poor work ethics results in low productivity owed to high levels of absenteeism, tardiness, theft and acceptance of bribe taking. A company that wishes to be efficient and competitive in the future cannot accept this state of affairs. There is a strong business case for the introduction of structured programs to support ethical behaviour in companies, size notwithstanding. These programs should be more than a mere encouragement to be honest, and should be based on clearly articulated values that are linked to the overall vision and mission of the company. The Manual of Business Ethics for Small and Medium Sized Enterprises prepared by the Inter-American Investment Corporation (IIC) and the US Department of Commerce describes the following benefits among others: Enhanced Reputation and Goodwill: A reputation for integrity is important for securing the loyalty of customers, for recruiting and training the best staff, for winning community acceptance and accessing bank and supplier credit. Risk reduction: The process of developing a business ethics program involves the company in identifying and assessing the factors that could pose risks to reputation and financial performance, and developing and implementing the business processes that reduce those risks. Reduced costs: Providing employees with clear guidelines of how to conduct day to day business such as where and when to obtain quotations; how to carry out tenders; how to conclude contracts and how to avoid conflicts of interest can reduce transaction costs and improve the supply chain function. Protection from Unethical Employees: A program would include clear guidance in respect of the misappropriation and unauthorised use of company resources, and the consequences that could flow from violations, information that employees with undeveloped values may not fully appreciate. Recommendations for efforts that build ethical cultures without increasing expenses are as follows: Improve communication practices. Ethics programs are usually well constructed, but poorly disseminated. Require middle managers to train their direct reports and keep the message alive with ethics meetings. Employees often dont know or recognize the CEO and merely tolerate E-learning, but they actually pay attention to their managers. Encourage government to recognize and reward the value of ethics and compliance programs. Focus on corporate culture. Perhaps more emphasis on culture will galvanize corporate intentions and resources toward long-term corporate health in addition to dealing with the emergency of the moment. Operating according to values, accentuating the positives, telling the stories, and removing the negatives would empower good employees and managers and boost productivity. People actually like to work when the culture is right. Ever hopeful, we expect corporate ethics to rebound with serious attention paid to aligning individuals within positive values-driven cultures. It wont happen until the recession fades and businesses start spending the cash theyve hoarded for the last several years to acquire the human and intellectual resources needed to make it happen.