...include: furnishing certain information to the society, and has to chemically test their purchased steel to meet the ASME codes. Hudson Fabricators, Inc. has their steel materials inspected every 3 years by a third-party supervisor they contract with, and they pay $3,000 up to $5,000 to get an ASME audit, all of which are deemed worth it despite the price. III. Problem Statement Hudson Fabricators, Inc. cannot afford to buy in large enough quantities due to being a job-shop-organization. Also, Hudson uses a broker to purchase 90% of their steel, and they have also negotiated with the steel brokers to get the price based on the annual usage of steel rather than on an individual order. Josh Keeler is thinking on how to transform Hudson Fabricators, Inc. into a competitive ongoing concern from a family-owned seat-of-the-pants business. Josh realized that he must quickly implement a system for purchasing after he reviewed the new INE job. IV. Analysis of Alternatives Josh and the company owner will be meeting in order to discuss about the...
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...High-Risk Investments By: Prisha Marwaha FIN550: Corporate Investment Analysis Dr. Glenn L. Stevens August 29, 2013 Introduction In their research study, Souder & Myles (2010) identify that risk is chiefly fundamental to investing. Böhringer & Löschel (2008) further add that there is no discussion of returns or performance that is deemed meaningful in the absence of at least some mention of the involved risk. However, the trouble for investors, who have just entered into the marketplace, involves the process of figuring where risk really lies, as well as what the difference between the various levels of risks. Relating to the manner, in which risk is fundamental to investments, a significant number of new investors tend to assume that risk is a well-defined and quantifiable idea. However, it is not the case. As such, a universally agreed definition of the term, and how it should be measured, has not been attained. Central to this paper are high-risk investments. It is a form of an investment where there is a larger percentage chance of capital loss or a high likelihood of underperformance. The purpose of this paper is to research high-risk investment brokerage firms that have been indicted or convicted of ethical violations to provide insight and understanding of this market segment. To realize this objective, the Internet will be used as the chief research method. The information sources will be derived from academic databases, such as Wiley Online...
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...A market order is an order to buy/sell a stock at the most profitable ask/bid prices prevailing at the time the order hits the exchange floor. A market order implies the investor wants the transaction completed quickly at the prevailing price. Example: I read good reports about Shoppers Drug Mart and I’m certain the stock will go up in value. When I call my broker and submit a market buy order for 100 shares of Shoppers, the prevailing asking price is 40. Total cost for my shares will be $4,000 + commission. 11(b). A limit order specifies a maximum price that the individual will pay to purchase the stock or the minimum he will accept to sell it. Example: Shoppers is selling for $40 - I would put in a limit buy order for one week to buy 100 shares at $39. 11(c). A short sale is the sale of stock that is not currently owned by the seller with the intent of purchasing it later at a lower price. This is done by borrowing the stock from another investor through a broker. Example: I expect Shoppers to go to $32 - I would sell it short at $40 and expect to replace it when it gets to $35. 11(d). A stop-loss order is a conditional order whereby the investor indicates that he wants to sell the stock if the price drops to a specified price, thus protecting himself from a large and rapid decline in price. Example: I buy Shoppers at $40 and put in a stop loss at $37 that protects me from a major loss if it starts to decline. A market is a means whereby buyers and sellers are brought...
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...The samples of the study consist of 100 respondents of different categories namely, brokers, clients, and e-service providers. The survey was conducted based on structured questionnaire. Non-probability respondents have been studied by selecting persons who do the stock trading. People, who are not involved in the trading, were not interviewed. Under the constraints of time and money samples were selected for Dhaka city only. 4.2 Data collection and procedure The data were collected from two sources: (a) Primary sources – it includes well-structured questionnaire, personal interview and observation, and (b) Secondary sources – it includes annual reports, published and unpublished articles, books, websites, newspaper etc. 4.3 Data analysis and presentation After collection of data from the different areas, those were summarized and presented in a tabular form to make the study more analytical, informative and representative to the reader using SPSS. In this study both parametric and non-parametric statistical tools were used to interpret and present data. 5. Discussion 5.1 Electronic broking Electronic broking is actually a prerequisite for complete implementation of e-Trading. An electronic market is an attempt to use information and communication technologies to provide geographically dispersed traders with the information necessary for the fair operation of the market (Whitely, 2000). The electronic market (or simply, e-market) is, in effect, a brokering ...
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...International is the owner of all contracts for the products and services that are distributed by its ZamZuu Business Owners (ZBO), Brokers or Free Agents. The following Policies and Procedures must be adhered to by all Business Owners, Brokers or Free Agents. For use in North America (specific to the United States, Canada, Puerto Rico, Bahamas, and Bermuda) Version 1, effective August 23, 2010 As a Business Owner, Broker or Free Agent of ZamZuu, I represent, warrant, promise and agree that: • I will be courteous, respectful, honest and fair in all my dealings while acting as a Business Owner, Broker or Free Agent, and I will perform my business activities in a manner that will enhance my reputation and the positive reputation of ZamZuu. I recognize that the founders of ZamZuu have strong personal convictions regarding the ethical conduct of all Business Owners, Brokers and Free Agents. • I will not engage in any deceptive or illegal practice. • I will make no claim for products, services or business positions of ZamZuu except as contained in official literature of ZamZuu. • I will not misrepresent, or make any representations or warranties concerning, the income potential of the Business Owner, Broker, Free Agent Plans. It is impossible to predict Business Owner, Broker or Free Agents incomes. The success of a Business Owner, Broker or Free Agent depends on many variables, such as amount of time and effort committed to his/her business and his/her organizational...
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...Elevator Pitch and Experience Ramon Duenas MKT/421 April 07, 2015 Brian Kermoade Elevator Pitch We focus on 3 preventive measures when putting investor capital at risk in the equity field. First of reducing cost basis is apart of the 3-tiered success model. We do not pay retail for anything. Selling premium against a long stock is one strategy to outperform the S&P 500 index. Stocks can only go up, down or sideways. This strategy profits for any 2 out the 3 directions in underline decides to go. A leverage vehicle is the way to go just like in Las Vegas a slight edge is required to be profitable. We focus on at least a 70% profitable of success is requirement to put a trade through. Options provide this unique theory form the Black-Scholes model that led them to win a Nobel Prize in 1997. This exactly how the big firms create wealth through arbitration and selling volatility. Next staying small is the probably biggest factors we do to keep the ball in are court. We are never skew are trades one way long or short. Nor are we heavily invested in sector. We look for opportunity when it is present. This prevents us from getting catastrophic loss in any one product. We like highly liquid stock so we can go and leave as we please. We do not want to be stuck in a trade when a personal emergency arises. And you need to liquidate your hard working capital instantaneously. Future Company Employers People with a current have a brokerage account...
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...Money was transferred from me “the buyer” to the seller for the good I needed. A monetary transaction was made when I bought the groceries. A unit of account is the yardstick people use to post prices and record debt(The Monetary System). School loan are a good example of unit of accounts. My loan repayment amount wasn’t determined by the quantity of goods and service but, by dollars. This is how financial aid would measure my record of economic value. A store of value is an item that people can use to transfer purchasing power from the present to the future (The Monetary System). An example of a store of value would be stocks. Stock broker are usually given money to make future purchase stocks for the buyer. The stock broker will hold the buyers money for future purchases when they see fit to buy the appropriate stock. The stock broker holds all the power to purchase the stocks for their client. Traders also use store of value. Traders may exchange goods for money or nonmonetary assets, and hold them for future purchasing power. Reference: chapter 29 The Monetary...
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...for brokers. Outside brokers relied on fax, phone and postal service for policy information requests and agent offices connected to the headquarters via 56-kbps frame relay. Thus, ING implemented an extranet solution using the Internet to connect external brokers and agent offices that lowered response times from hours to under a minute. This solution raises many questions concerning use of the Internet as part of its business solution. ING’s decision to facilitate use of the Internet for business operations poses many probable difficulties and risks. Use of an extranet can introduce an organization to unacceptable risks to its internal data and information systems. For example, allowing access to internal databases through an extranet webserver increases the opportunity for attackers to breach the network for several reasons. In ING’s case, it uses two Windows NT servers to provide web services protected by a single hardware firewall. Multiple brokers connect to ING through web services, causing multiple simultaneous openings in the firewall. Attackers can employ a port scanner to scan for open ports with known exploits to gain access. Furthermore, too many open extranet connections also create multiple entry points for viruses or other malicious code to infiltrate the network and cause damage. Another potential entry point for a security breach can originate from a broker’s own computer. Although it wasn’t stated in the case study, many times external brokers will...
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...planning or assistance in setting up pension plans for businesses etc. The differences between insurance agents and insurance brokers are enlisted below: Insurance Agents - Insurance agents are insurance professionals that serve as an intermediary between the insurance company and the insured. As a broad statement of law, an insurance agent’s liability to their customers is purely administrative in nature. That is, agents are only responsible for the timely and accurate processing of forms, premiums and paperwork. Agents have no duty to conduct a thorough examination of an individual’s business or to make sure that appropriate health insurance coverage has been provided to the concerned individual. Rather, it is the customer’s obligation to make sure that he/she has purchased the required/desired insurance coverage. Insurance Brokers - Insurance brokers can be best described as a kind of super-independent agent. Brokers can offer a whole host of insurance products and services for an individual or a prospective policyholder to consider. Brokers are required to have a broker’s license issued by IRDA (Insurance Regulatory and Development Authority) which typically means that the broker will have additional technical and professional expertise as compared to an insurance agent. Insurance brokers also have a higher duty towards their clients. These brokers have the duty to analyze a...
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...board. By following the above steps, we have significantly increased the value of their business. Since we have expanding a lot, and larger businesses have much more at stake, the best approach is to postpone the sale for a few years, and gradually put some key elements in place to maximize the value of the company. Basically anything that increases transparency, efficiency, revenue or profitability, or decreases risk or costs, should be considered. Keys areas to my Exit Strategy: * Build a real management team * Set up and document business processes and systems. * Clean up the company’s books. * Conduct an inventory of all physical assets * Start networking with business buyers, other business owners, business brokers, and others. A good place to start is a...
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...Human Resource Plan Angels Destiny LLC Solo HR Curline Registe OMM 618: Human Resource Management Dr. David Britton September 22, 2015 CONTENTS 1. Introduction 2. Company Structure an History 3. Legal Regulations 4. Plan of Assessment 5. Methods of Advertising 6. Hiring Process 7. Interview and Selection Process 8. Orientation 9. Training 10. Compensation and Benefits 11. Performance and Appraisal System 12. Conclusion An Organization needs several different branches to function as a whole. The HR Department is just one section of an organization that is needed to make all things work accordingly. This HR plan shows the structure of how a Solo HR operation facilitates the employees needs within the organization. HR is necessary to the company as it pertains to profitability, which in turn requires some type of strategic planning to help guide the employees in a successful direction. As you will find that this HR plan explains various steps that are taken to ensure the success of the HR Department as it utilizes its many functions. The different functions are detailed as to what they do and who they are beneficial to. In order to achieve success HR follows best practice in its planning and design phase. A Solo HR Department faces challenges when attempting to develop and implement a strategic model that is expected to align with the organizations core values and missions. This essay will seek to show how effective...
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...University of California, Berkeley, found herself sitting across from a group of transplant surgeons in a small conference room at a big Philadelphia hospital. By accident or by design, she believed, surgeons in their unit had been transplanting blackmarket kidneys from residents of the world's most impoverished slums into the failing bodies of wealthy dialysis patients from Israel, Europe and the United States. According to ScheperHughes, the arrangements were being negotiated by an elaborate network of criminals who kept most of the money themselves. For about $150,000 per transplant, these organ brokers would reach across continents to connect buyers and sellers, whom they then guided to "brokerfriendly" hospitals here in the United States (places where ScheperHughes says surgeons were either complicit in the scheme or willing to turn a blind eye). The brokers themselves often posed as or hired clergy to accompany their clients into the hospital and ensure that the process went smoothly. The organ sellers typically got a few thousand dollars for their troubles, plus the chance to see an American city. As she made her case, ScheperHughes, a diminutive 60something with splashes of pink in her short, grayishbrown hair, slid a bulky document across the table—nearly 60 pages of interviews she had conducted with buyers, sellers...
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...Liar’s Poker written by Michael Lewis is a look into the author’s life working for the Salomon Brother as a broker. During this time the Salomon Brothers were one of the most profitable companies on Wall Street. Lewis decided to take the job which was one of the top trading firms after he had graduated from The London School of Economics. This opportunity came at a great time as this was when the market was booming and the money was flowing in from all different angles. This book mainly focuses on the aspects on the rise and fall on the industry as it was seen through its Fixed Equity Bond Selling and Trading departments. Lewis outlines the exact business model that the Solomon Brothers used in order to maximize their capital in the mortgage...
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...client intimating his current broker of his intention to move, often times such request is usually resisted by the existing broker not formally though but by employing antics that would discourage the client from moving, a request for transfer could lie fallow at the broker office without being attended to and the process is not regulated by the regulator (Nigerian Stock Exchange Commission). The existing system is lord over by the broker and the time it takes to complete the request is usually long and discourage the transfer process. 3.1 Analysis of the New System 3.1.1 Architecture of New System The new system is such that an application that will hastens the process of transferring brokerage accounts from one broker to another. The system will be used for entering, notifying and initiating transfers of brokerage account from one stock broking firm to another under the supervision and monitoring of the Nigerian Stock Exchange. The new process involves the client approaching the a new broker where he intends to transfer his portfolio, the new broker will in turn after getting the necessary know Your Client (KYC) documentation will log into the application via a token and initiate the transfer. Upon receipt of the transfer by the current broker via sms and email alert, the current broker is bound by law to respond to the request within three days. The current broker is bound to either ACCEPT, REJECT or PEND the request. The current broker verifies that the leaving client...
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...The Art of War * When someone considers winning they think of themselves as successful, but does success really stem from winning. In times of war, does a commanding general consider winning a war because they dominated majority of the battles or that they achieved their ultimate goal of the war but forfeiting most of the battles. Sometimes winning is not the focal point in any war but the ability to achieve success in every battle. The art of war is not a painting of men trying to fight each other with paintbrushes and canvases. Rather a work of art that summaries the philosophy, theories and strategies of Sun Tzu, not only can be used in war and on the battlefield but also in any situation where people stand to lose something, multipurpose, great! Most people blame losing on bad luck, words of a sore loser, but even Sun Tzu, whom wrote the book around 2000 years ago, knew that the first step or rather the first chapter to success is planning. You’d think they’d learn! * * At this stage, a villain would only think of preparing a plan that might lead them to victory but a hero would prepare a plan that can handle multiple possibilities which can turn a potential bad situation in to a moderate acceptable loss. And that is why good always triumphs against evil. Like any well thought out system or machine we require the blue prints and then parts. A car, for instance is a modern day miracle and irreplaceable part of our daily lives, but every car has some key components...
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