It is an exam question and I dont know what title will it have, Essay

It is an exam question and I dont know what title will it have, however the topic is called economic loss, focus on negligence misstatement - Essay Example A common thing in this regard has been that a loss-suffered party accuses its partner for incurring of the loss resulting in to legal disputes. There have been many instances for such legal cases some of which are discussed below. There have been various cases in the regard of economic losses that have arisen in because of negligence misstatements. Among such cases, Hedley Byrne & Co Ltd Vs Heller & Partners Ltd has been one of the most notables. The case is regarded as the tort law case which had occurred because of the negligent misstatement. Analysing the case it is observed that, Hedley Byrne was an advertising firm. The company had a new customer in lieu of Easipower Ltd. The recent customer put up a big order to the advertising company. Hedley Byrne became suspicious of the amount of the order and tried to ensure the financial viability of the client company. In order to do so, the advertising major called up their banks, National Provincial Bank, and asked for a report about the credit worthiness of Easipower Ltd from the client’s bank named Heller & Partner’s Ltd. The banker of the client replied to the National Provincial Bank and thereby to the Hedley Byrne stating that Easipower Ltd w as â€Å"considered good for its ordinary business engagements†. But an important point that had to be noted in analyzing the case was that the banker of the client, Heller & Partners Ltd also notified the reply saying â€Å"without responsibility on the part of this bank†. Perceiving the financial credibility of Easipower Ltd to be perfect, Hedley Byrne went in to the deal with the company but soon Easipower Ltd went into liquidation. As a result, Hedley & Byrne lost a hopping amount of more than  £ 17,000. Hedley & Byrne, incurring the loss, sued the banker of Easipower Ltd on the grounds of negligence as the advertising company relied upon the statement of the bank. The other accusation was that of misleading information. The honourable court heard the case

The infuence of goverment on globalisation Essay

The infuence of goverment on globalisation - Essay Example The development thrust of globalisation arresting the movement of people is to be controlled in terms of its speed only. Such control is in the hands of the political forces. Involvement of politicians and their policy decisions play an important role in global trade. Considering the cultural and social implications of globalisation in every country the political top brass either exercise complete control or allow free flow of foreign trade. This fluctuation has its impact on globalisation creating restriction of movement of people and their labour. Since movement of people is their fundamental right, placing hands of pressure on it will retard development of a nation. As far as speed is concerned, globalisation helps much in the development of a country in a speedy manner, lubing the economic friction within the nation. The entire global population is divided into two on globalisation. One group defends and the other opposes the new phenomenon. Defenders are filled with only speed of implementation while opposing group has so many cards in their chest. Economists doubt whether globalisation brings wealth at the price of inequalities. Cultural Marxists worry about the capital drift and historians assume that globalisation will not acquire any archival importance. (Arjun Appadurai, 2001, pp1) The first large scale 'denationalisation' programme of the post-war era occurred in 1961 in Federal Republic of Germany during Konard Adenauer's regime. Major stocks of Volkswagon were sold through public share issue. When Mrs.Thatcher came to power again in 1983 re-election, privatisation programme accelerated dramatically and annual proceeds from asset sales approached 5 billion. (Sudir Naib, 2004, pp138-139) Productivity certainly brings about self-reliance. However the essence and fragrance of it can be felt only at the completion of production and its usage. During the process of production, mobility of labour and individuals tend to reduce the speed of production. This makes the executives and administrators to resort to modalities such as throwing sops and doles to citizens with a view to divert their attention only to the business. Albeit enjoying the tastes of such free aids, restriction on their movement causes mental imbalance in individuals leading to upsurge. People and political parties of leftist ideologies make use of this situation to their advancement. They paint the entire globalisation as something unwanted or misleading. Globalisation has to be conceived correctly first. Allowing globalisation effects on the economy is secondary. As a hypothesis globalisation is a device, which can be harnessed by any country for the internal and international development. Since trade i s the main aspect of globalisation, interaction between nations becomes plausible. Hardships arising at the hour of social and cultural mingling generated by globalisation must be dealt with separately. While handling such issues it should be borne in mind that globalisation is not the crux of the problems but the problems are the spin-off of its implementation. Outright application of globalisation in all fields naturally leads to some problems. Following IMF regulations, the Mexican government reduced many of its food subsidies in 1982. This landed in the increase of 180% of minimum wage and 224% increase in basic food price. During 1984

Operation Management Article Example | Topics and Well Written Essays - 1250 words

Operation Management - Article Example The study also aims at the provision of the implications that the study will have on educating  students in preparation for success in the service sector through having a thorough understanding of the important problems faced by the service sector. The data is enough in answering the research question because of the 54 responses with 51 responses fit for use in the study surpassing the 30 items of sample size required in the use of the Q methodology in research. The response rate at 10.3% also fits the marketing response rate acceptable norm of 10-20% depicting the usefulness and ability of the collected information to meet the requirements of the study (Wright & Mechling, 2002). The use of a wide range of service businesses and the presence of a large difference in the characteristics of businesses in terms of size, number of employees, and the management structure provides for the data to be comprehensive making them enough in meeting the needs of the research question. From the survey, the articles presents different operations problems facing service organizations including location, transportation, facility layout, simulating processes and planning, future planning, determining order quantities and inventory monitoring, a nd tangible and intangible factor use in decision making. Other problems are operation with little inventory, continuous improvement, complex project management, monitoring and management of quality provision, decision making with known probabilities, profit maximization, staffing, distribution, and competition action prediction (Wright & Mechling, 2002). The article uses the Q-methodology in the determination of the importance of these problems in service organizations according to the rank of the respondents from a sample of service organizations in the study. The article’s results show that more than one of Schmenner’s service Types

The infuence of goverment on globalisation Essay

The infuence of goverment on globalisation - Essay Example The development thrust of globalisation arresting the movement of people is to be controlled in terms of its speed only. Such control is in the hands of the political forces. Involvement of politicians and their policy decisions play an important role in global trade. Considering the cultural and social implications of globalisation in every country the political top brass either exercise complete control or allow free flow of foreign trade. This fluctuation has its impact on globalisation creating restriction of movement of people and their labour. Since movement of people is their fundamental right, placing hands of pressure on it will retard development of a nation. As far as speed is concerned, globalisation helps much in the development of a country in a speedy manner, lubing the economic friction within the nation. The entire global population is divided into two on globalisation. One group defends and the other opposes the new phenomenon. Defenders are filled with only speed of implementation while opposing group has so many cards in their chest. Economists doubt whether globalisation brings wealth at the price of inequalities. Cultural Marxists worry about the capital drift and historians assume that globalisation will not acquire any archival importance. (Arjun Appadurai, 2001, pp1) The first large scale 'denationalisation' programme of the post-war era occurred in 1961 in Federal Republic of Germany during Konard Adenauer's regime. Major stocks of Volkswagon were sold through public share issue. When Mrs.Thatcher came to power again in 1983 re-election, privatisation programme accelerated dramatically and annual proceeds from asset sales approached 5 billion. (Sudir Naib, 2004, pp138-139) Productivity certainly brings about self-reliance. However the essence and fragrance of it can be felt only at the completion of production and its usage. During the process of production, mobility of labour and individuals tend to reduce the speed of production. This makes the executives and administrators to resort to modalities such as throwing sops and doles to citizens with a view to divert their attention only to the business. Albeit enjoying the tastes of such free aids, restriction on their movement causes mental imbalance in individuals leading to upsurge. People and political parties of leftist ideologies make use of this situation to their advancement. They paint the entire globalisation as something unwanted or misleading. Globalisation has to be conceived correctly first. Allowing globalisation effects on the economy is secondary. As a hypothesis globalisation is a device, which can be harnessed by any country for the internal and international development. Since trade i s the main aspect of globalisation, interaction between nations becomes plausible. Hardships arising at the hour of social and cultural mingling generated by globalisation must be dealt with separately. While handling such issues it should be borne in mind that globalisation is not the crux of the problems but the problems are the spin-off of its implementation. Outright application of globalisation in all fields naturally leads to some problems. Following IMF regulations, the Mexican government reduced many of its food subsidies in 1982. This landed in the increase of 180% of minimum wage and 224% increase in basic food price. During 1984

Bilateral Trade Agreements Term Paper Example | Topics and Well Written Essays - 2000 words

Bilateral Trade Agreements - Term Paper Example Using the production possibilities frontier, Ricardo was able to prove this, achieving a significant breakthrough in the field of international economics. Practically, Ricardo believes that given the situation, both countries can still gain by having the less efficient country specialize in the production and exportation of the commodity in which its absolute disadvantage is smallest and import the product in which it has its greatest absolute disadvantage. The commodity in which one country has the least absolute disadvantage can be thought of as one in which it has a comparative advantage. The gains are realized as both countries specialize in the production of the commodity in which it has the least opportunity cost (Mankiw). In a high-income and low-income country comparison, the book, Making the International: Economic Interdependence and Political Order highlighted that in a two-commodity example of food and pills, specialization will benefit both countries as each will be producing the commodity with the least opportunity cost, simply saying that trade can help increase income even for the low-income countries (Mackintosh). In recent years, there is an observed rise in the number of bilateral trade agreements between countries. Experts say that for a powerful country like the USA, "smaller FTAs accomplish the goal of liberalization and the expansion of markets for U.S. goods" in the absence of a broader agreement like the Doha round (MacMahon). On the part of the smaller countries, bilateral trade agreements increase the local employment and provide a better climate for investors from powerful nations (MacMahon).It is generally accepted that open economies which engage with the outside world do better than economies that are inward looking.  

Computer Crime Essay Essay Example for Free

Computer Crime Essay Essay Computer crime is an ongoing issue that we continuously see, and a major problem with this is that most people do not realize the harm that computer crime can cause. Computer crime is also a niche that continues to grow. This is based on the fact that there are many different perceptions about what computer crime is, and the harmful effects it can have. Because there is a gap between traditional views of what cyber crime is and the actual realities of these crimes, it is a criminal offense that will continue to happen. A major issue within this industry is the fact that citizens, law enforcement officials, prosecutors, and the government don’t put cyber crime at the top of their list of dangerous crimes is because the actual act of computer crime is not in itself viewed as being dangerous. This is a traditional view of computer crime, and the book goes on to explain that, â€Å"many [stereotypical] computer criminals are non-threatening, socially challenged individuals, and 36.3% of officers believe that investigation of computer crime interferes with their ability to concentrate on ‘traditional’ crimes† (Britz, 7). Because police tend to not look too seriously at these crimes, the general public will form their own, similar opinions on the matter. This gives people an inaccurate belief about the effects of cyber crime. In fact, computer crime can and many times is violent today. One area of computer crime that has become particularly dangerous, especially for younger generations is cyber bullying. In recent years, we have seen more and more suicides related to cyber bullying then ever before. An example of this can be seen in the case of the United States v. Lori Drew. Lori was an older woman who pretended to be a teenaged boy and began to talk and soon after started an online relationship with a 14-year-old girl. The girl eventually began to fall for the fake 16-year-old boy that Lori Drew created. After a series of conversations, their â€Å"relationship† ended with a message from Drew telling the girl that nobody actually liked her and she should instead kill herself. Unfortunately, the 14-year-old girl, being highly impressionable and because of her feelings for this fake teenage boy, took the advice and ended up killing herself. A big issue we have seen with lawmakers imposing laws to prevent cyber crime is that, it is  such an advanced form of crime that many times it is unclear if there was an actual crime committed and if so where/when it happened. In past situations, â€Å"legislative bodies and judicial authorities have been slow to respond† (Britz, 5). This slow response allows for those committing crimes in cyber space to avoid punishment and lets these criminals continue their illegal operations. Another problem within this criminal sector is the gray area between, â€Å"someone who accesses information without authorization and someone who is actually committing an act in cyberspace meant to harm someone or destroy property† (Webster). Another traditional view when it comes to cyber crime that is probably the most commonly thought, is that â€Å"it would never happen to me†. The average American does not think that they could be a computer criminal’s targets. These people believe that because they aren’t millionaires and instead an average income American, cyber criminals won’t go after them. This unfortunately is not the case, and because these people aren’t taking the proper steps to protect themselves, they are becoming easier to target. In 2004, 54 million Americans were subject to email attacks by â€Å"phishers† looking to steal financial information from people. Roughly 4% of these 54 million people gave away their financials including credit card numbers, addresses, phone numbers, etc—that is almost 1.7 million people! In the year 2003, 1.2 billion dollars were generated in cyber attacks on average Americans. But computer criminals are not just using this phishing approach to steal information and money. They are practicing using key logging and spyware to steal passwords and other private information that can allow these people to go unnoticed while spending your money. Despite the fact that we see more and more security be put in place to avoid these issues, it continues to happen because so many people in our society believe it will not happen to them. But what is instead happening, is more of these average people are being targeted because they are essentially making it easier for these criminals to steal their personal information. While these criminals certainly could steal more money from millionaires, going after these more average Americans is easier and safer (Wilson). With how technology dependent our society has become, we see more and more  hacking crimes today. There even exist groups out there that have members from all over the world that collectively hack different websites. For example, Anonymous is probably the most well known hacking collective in the world. Parmy Olson’s book We Are Anonymous: Inside the Hacker World, she discusses the history of the group and the attacks that they have done. This group would like us to believe that they are an activist group that seeks freedom for all people, but has hacked financial institutions such as PayPal, MasterCard and Visa. They want us to believe that they are freedom fighters and simply believe in an unregulated Internet, but they tend to go after websites and companies that simply disagree with their message. It is kind of a double-edged sword, because while they are preaching about freedom of speech, they then in turn go after people who disagree with their message. Olson even discusses the fact that the group went after her because of the books she was writing about this organization. People are definitely becoming more aware of the dangers of computer crime, many Americans still do not see the detrimental effects that cyber crime can have on society. These people that are blinded by traditional views of computer crime, have become the target of attacks. Their lack of preparations have allowed cyber criminals to go after them and gain money through their computer skills. Works Cited Britz, M. T. (2013). Computer Forensics and Cyber Crime and Introduction (3rd ed., Vol. 3). Upper Saddle River, NJ: Pearson. Olson, Parmy. We Are Anonymous: Inside the Hacker World of LulzSec, Anonymous, and the Global Cyber Insurgency. New York: Little, Brown and Company, . United States v. Lori Drew. (Feb. 2008): California . 2 Jul. 2012. news.findlaw.com/wp/docs/cyberlaw/usdrew51508ind.pdf. Webster, S. C. (2013, June 20). Lawmakers Propose Cyber Crime Reforms. Retrieved from Raw Story website: http://www.rawstory.com/rs/2013/06/20/lawmakers-propose-cyber-crime-reforms-inspired-by-aaron-swartz/ Wilson, T. (n.d.). How Phishing Works. Retrieved June 30, 2013, from How Stuff Works website: http://www.howstuffworks.com/phishing.htm

Ways To Land Your Dream Job

Ways To Land Your Dream Job Finding your first job out of college is an exciting and sometimes intimidating process. On the one hand, your future depends on it! As you grow your needs and wants grow too, which put pressure on you to find that perfect job. On the other hand, todays world is much different from that of your parents generation. Its difficult to find a good job in this competitive age. However, that certainly doesnt mean there are fewer jobs available. There are trillions of job opportunities out there and you know that there are some in which no ones CV fits better than yours! But the only problem is that you dont know how to find that perfect job for yourself. Finding it can be downright impossible at times. Lets see how we can find that dream job. Know what youre looking for. If you havent yet identified your job target, what are you waiting for? Now is the time to do so! Only majoring or educating yourself in a particular subject does not decide what job you are going to do in the future. A major in social sciences can end up doing totally different jobs, say for example work in an NGO, or teach at a school! Similarly a business manager can deal with totally opposite operations too. So it is vital to know what are you looking for? What is it that you actually want to do? Research! Finding your ideal job takes effort. Its not enough to simply post your resume, job application, and cover letter to one company and wait for the employer to call you up. If you want to find the best job, you need to engage all your resources. Research the types of companies you want to work for and find out as much about them as possible. With internet at our disposal, research is not a big deal; however, dont limit yourself to searching on the net. Look in the local newspapers too and highlight the seemingly good companies and try them out too. Look up for a job on daily basis. There might be days when youll find nothing in the newspaper, but dont stop checking out the newspaper. You never know the day you miss to check it out, you loose on a great job. Also, if you are the first to apply, chances are the company might end up hiring you because sometimes companies are in dire need of employees and want to hire someone immediately. Use your contacts! Its okay to use your contacts to find a job. Whats wrong is that you use them unfairly! If your uncle works at a company, you can ask him to find if there is any vacancy and if the work is interesting. Finding work through contacts is relatively good because friends, relatives and acquaintances will probably always recommend something good! So why not go for it! Always be aware of job openings. You can register at different websites to get emails and newsletters that will inform you first which jobs are open and what are the vacancies. There are numerous websites that you can subscribe to for free and they will send you an alert every time there is a vacancy. You wont always hit the jackpot! Dont expect a call from everywhere you apply. Thats just wrong and doesnt happen usually! Also, if you get a call from a well reputed company chances are that they appoint you at a small position, dont get disheartened! Work hard and you will get promoted very soon. Always remember that an entry is very important and is the first step towards your ultimate goal. Choose carefully! While its tempting to accept the first offer you receive, consider it carefully. You dont want to be stuck in a job you hate. If possible, stay in your first job for at least a couple of years to demonstrate your dependability and to gain useful skills. Whether you move up in the company or change is up to you and your options; however, the first job is very important in your entire career. When you get the job. Once you have the job, first congratulate yourself! Then, do the best work you can. When done well, your first job can be the foundation upon which you build a successful and enjoyable career. Once you get the job, its as difficult to sustain it. Finding the job is only half of the equation of the sum! For most positions there is a lot of competition. You have to stand out! So, heres how to do that! Be efficient! Always be efficient at work, for that consume coffee, sleep early at night or do whatever that makes you feel awake! Its easy to sleep during lectures but if you boss catches you sleeping in your cabin, then you are dead! Try to be helpful towards coworkers and dont indulge in office politics. I know girls cant help hearing and being a part of office gossip, but that might get you in trouble so dont do it! If someone starts a conversation that sounds like gossip, dont say anything! Just listen, nod and forget it! Communication skills. Improve your communication skills because every job requires that! Good communication skills are a great plus point and you can afford to lack that. Work on them and make sure you are polite yet convincing with coworkers at the workplace. Dress well. Always dress professionally at work. No one wants to see your sense of fashion over there, your professional skills are more important! They will be noticed so work on them. Its important to dress according to the environment of your workplace, if people at your office dress casually, you can dress casually too. However, dont dress casually if everyones formal! Its not a good idea to look unique! Believe in your strengths. Rather than crying over your weaknesses, try to believe in your strengths and overcome your weaknesses. Also, dont make your weaknesses prominent instead hide them from the employer especially. Try to adopt a behavior by which you can show your strengths to the world. Confidence! Confidence is the key element in achieving anything, be it a job or anything. So, have confidence in yourself! Every company wants to hire an employee who is confident. Working as a professional is very different than studying. During college and school you can hide behind your friends or classmates and not face the teacher to answer, but at work you cant hide from the boss! The only way to solve this problem is being confident and facing challenges! Still reading? What for? Go and search for the perfect job, with these tips no one can stop you from getting it! Good luck!