...Introduction Business and environment are two aspects which are interlinked which each and other. When we talk about business, we can never neglect the environment factor and vice-versa. If a person opens a business of manufacturing Glue and Adhesives, He has to be aware of the environmental factor. The interaction\relation between environment and business can be positive as well as negative. The positive relation between these two components could be the awareness which is being spread all over the world about the importance of environment in someone's in today's world. Business produces the goods and services that meet our needs, wants and desires. It is this process that has lead to much of the destruction of the environment that has taken place. This damage continues on a daily basis. Purpose There can be little doubt that mankind and indeed the whole planet is facing an environmental crisis. The environment crisis can be seen as global warming, ozone depletion, acid rain, tropical deforestation or top soil erosion. The role of business is playing a crucial role in creating this crisis and what it can do to help protect the environment in the future. So the purpose is to know how the business can help our environment and in which way it can bring up the positive change. The goals are: * To know how the business is affecting the environment. * To know in what way the business can contribute to the society. * To know what is the present scenario of the businesses...
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...Assignment 1 Social Performance, Part 1 Sharon D. Griffin Professor Chantel Upshur-Myles Business and Society November 7, 2012 Strayer University, Augusta Campus Introduction As the CEO of Griffin Behavioral Health Center, My responsibilities include reporting to the Community Service Board on a monthly basis. These meetings consist of management planning, policy making and formulating resources to benefit the community. Other consortium meetings are held quarterly which involves local government officials and community advocates. They have the power to approve or deny laws and regulations which can have an impact on the agency, or other areas of the agency. The staff works in a cohesive fashion to augment efficient services for our various services. Our agency pays strict attention to the mandates of the U. S. Corporate Sentencing Guidelines, to protect all participants from any legal culpability. Benchmarking Codes of Conduct I am the new CEO of a Behavioral Health Agency; we are governed by a Community Service Board that consists of a group of board members. We are required to meet with these board members on a monthly basis in reference to the daily functions of the agency. Our agency provides services to the community such as Substance Abuse victims, Individuals with Mental Health issues, MR DD Mental Retardation, providing housing for the homeless and much more. Our goal is to help our Individual’s function in the community. The agency’s primary stakeholders...
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...BUSINESS SOCIETY & CULTURE Businesses interact with wider society they are part of. Businesses are affected by society, for example in the kind of goods and services they expected to produce and businesses affect society by their activities. It is a two-way process. Some of the ways in which business affect societies are negative, and usually governments limit these activities by law. For example, some business activities damage the environment. In addition, there are ethical constraints set by the wider expectations of society. For example, it is legal to sack workers for some actions, but society may think the sacking is unreasonable, and the business may feel pressured to not do it. CULTURE is comprised of many different elements that have been passed down for generations, including knowledge, belief systems, experiences, values, attitudes, religion, art, ideas, law, morals, customs and way of perceiving the world. Some aspects of culture are visible, such as the way people dress or the food that they eat, while other elements of culture are invisible, such as the importance of religion, belief surrounding the role of family in a society, or the way people think and feel about certain issues. While the visible aspects of culture are often easy to spot, it usually takes much more time and efforts to understand and appreciate the importance of the invisible. However, it is usually the invisible elements of the culture that have the most impact on the way people view the...
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...BUS1010 ASSIGNMENT TITLE: The value of business organization creates society. Identify, summarize and discuss arguments against business. INSTRUCTOR: TABLE OF CONTENTS 1.0. Introduction 1.1. What is business? 1.2. Forms of business 2.0. Negative effect/impact of business. 3.0. Conclusion 4.0. References 1.0. Introduction The role and impact of business organizations in any society can be aggrandized to be a major factor leading to the growth and development of economy in various countries across the globe. Business as a human activity has been able to assemble people, capital and innovation under controlled risk-taking, in order to create jobs and produce goods and services profitably which translated to an amount of wealth for business owners, employees, customers and society at large. In Africa, business activities have tremendously contributed to the economic growth experience and these has been boosted by internal and external factors. Internally, the emphases on business organization to create domestic business friendly environments, greater business discipline, have formally written values and principles, and open prospect to transact business globally has led to the growth of the African economy. However, the role and impact of business activities also have negative effects on the society which will be discussed and properly elaborated. 1.1. What is business? The term business does not have a specific definition as it...
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...The Role of Accounting to Business and Society Justin A. Case Strayer University Introduction to Accounting ACC101 Professor Jose Martinez August 27, 2013 Introduction In today’s economy Accounting plays a huge role, as it points or refers to accountability and transparency in the business environment and paints a picture of any business. Also, it enables business managers and corporate leaders to make better comprehensive decisions regarding the financial shape of their business. Accounting is fundamentally described as a mathematical discipline in which allow companies to universally record, analyze and retrieve financial information that is critical to them. This information is then used to determine the companies’ financial positions consequently enabling the management team to make sound decisions depending on the information at hand. The Role of Accounting on Business and Our Society Financial statements are snapshots of a business's economic or cash flow condition. These are mainly formal financial activities, which are written to measure the performance, financial strength and the liquidity of the business. These financial reports include the balance sheet, income or profit and loss statements, and cash flow statement which are used to represent the businesses’ economic position. The income statement which reports the company’s financial status in terms of profits or losses made during a given period. It comprises of income and expenses, from which the...
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...lines: no man is an island; we are all responsible for each other. N.O. speaks about a company’s responsibility to society as being about more than increasing profits. Whether profits are increased or not, he argues that companies have a moral obligation to better the living conditions of the societies within which they operate. And indeed, if one person is able to make a difference, imagine what a single company- with access to more resources, more manpower, and above all, more funds- could do for the community. Being a successful corporate citizen is about more than writing a cheque: companies must integrate corporate responsibility into their business models and focus on the areas where the greatest change is required. In the aftermath of apartheid, South Africa is faced with a new set of problems, vastly different to that, that was championed by Harry Oppenheimer. In the midst of political stability, and relatively steady economic growth, we are faced with the reality of abject poverty, illiteracy, HIV and growing inequality. Nearly 24 million people live below the poverty line and the recent spats of violence that erupted as a result of this volatile situation (such as the xenophobic attacks, and assault on Eskom staff in the rural areas) serve as a warning of what will come if the rich get richer and the poor, poorer. As Pravin Gordhan said, “we need business leaders who will say: “I have enough, I have to share for everyone’s benefit.”” In this paper, I will discuss...
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...Correct A bottom-line mentality in business is reflected in which statement? Answer Selected Answer: “We have to beat the others at all costs.” Correct Answer: “We have to beat the others at all costs.” Question 2 5 out of 5 points Correct Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence: Answer Selected Answer: Reduced. Correct Answer: Reduced. Question 3 5 out of 5 points Correct According to a 2009 opinion poll, Americans hold a dim view of: Answer Selected Answer: Wall Street executives. Correct Answer: Wall Street executives. Question 4 5 out of 5 points Correct People’s ethical beliefs come from: Answer Selected Answer: Their religious background, family, and education. Correct Answer: Their religious background, family, and education. Question 5 5 out of 5 points Correct When the benefits of an action outweigh its costs, the action is considered ethically preferred according to: Answer Selected Answer: Utilitarian reasoning. Correct Answer: Utilitarian reasoning. Question 6 5 out of 5 points Correct A just or fair ethical decision occurs when: Answer Selected Answer: Benefits and burdens are distributed equally. Correct Answer: Benefits and burdens are distributed equally. Question 7 5 out of 5 points Correct As business becomes increasingly global: Answer ...
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...! ! ! David and Goliath at the WTO ! ! 4. Should the United States have abrogated its commitment to gambling services under the General Agreement on Trade in Services (GATS)? Did it have better alternatives? ! ! The United States should not abrogate its commitment to gambling services under the General Agreement on Trade on Services (GATS). It was stated that the GATS was one achievement of the Uruguay round of trade negotiations of the General Agreement on Tariffs and Trade (GATT). The United States was not complying with the ruling according to the Antigua case: “All WTO member nations are signatories to the GATS. So, like the others, the United States is required to meet GATS’ commitments. Because it had formally agreed to exchange ‘gambling and betting services’” (Steiner and Steiner, 431). In other words, the EU nations settled without bringing the case in front of the WTO in 2007. If the United States were to repeal its commitment to gambling services under the GATS, it would be inconsistent. There would be an “inconsistent policy of privileges and prohibitions based on patchwork of state laws predating Internet technology. This policy is increasingly out of step with public behavior. It is also awkward to maintain it under global trade rules” (Steiner and Steiner, 435). Since the online gambling market was increasing, it was seen that the broad ban was unworkable. We decided that the United States should use the Free-Trade Policy as an alternative...
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...Critical Thinking Draft and self-evaluation December 25, 2013 One of the arguments in my paper states that “when both parents are in the home with the child every day, that child has more stability.” According to Professor Paul Amato of Pennsylvania State University, who recently conducted a research, he wanted to know the difference between children raises in two parent house hold verses one parent house hold. His research proved that “Children from single parent families have “more behavioral problems, more emotional problems, and lower levels of school engagement (that is, caring about school and doing homework).” This argument is informal http://www.families.com/blog/children-benefit-from-two-parent-families Then my next argument stated that “when single mothers are raising children without the father in the home children are being disciplined less.” Therefore I done some research and found that according to (Campbell, 1993) “Not only do fathers enforce gender norms more than mothers, they do so more strongly on boys than girls. For “most men…an effeminate son is far more worrying than a tomboy daughter. The father places heavy emphasis on the avoidance of feminine behaviors, rather than on the active encouragement of masculine ones.” Fathers’ own “masculinity” influences boys’ development in ways that are unclear at best.”166 Even though I have some evidence that proves my argument, this is still an informal fallacy because not all children of single mother behave...
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...of living because they were under the rule of the Lord. This meant they had to give back to the Lord. The church required 10% of everything the peasants produced. They believed in the Lord but work was still perceived as punishment by God for man’s original sin. Work was heavily despised due to the risk of death. Work in crops was standard for male peasants and if those crops failed, they were given harsh penalties. They were forces to eat grass, nettles and other plants. Many starved to death. Whilst work was potentially life threatening on a daily basis for peasants, it was the only way of life they were accustomed to. The higher level of society in the middle ages lived off the peasant class. Therefore society was divided into two classes – The filthy rich and dirt poor. The Lords and priests comprised the second level of society. There was no way for Peasants to move up into the second level of the social order as the duty of the worker was to remain in his class, passing on his family work from generation to generation. Whilst the lower...
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...as well as the advantages and disadvantages of controlling costs and budgets. I will also explain what may occur in a business in my case Morrison’s if costs and budgets are unmonitored. For Morrison’s the money that comes in must be more than what goes out, it's very important for costs to be controlled against budgets so that you don't overspend and make a loss. The costs that have to be managed are fixed costs & variable costs. It is extremely vital for Morrison’s to manage its expenses so that it can keep control of its financial resources efficiently. The reason Morrison’s needs to control their costs properly would be so it can save money on expenses and increase in revenue. This will help Morrison’s to increase its revenues and eventually making more profit. For example, Morrison’s should control its costs so that it saves money, they can do this by having the right amount of stock, so then Morrison’s can have the full benefits of selling the existing stock and receiving cash which could be used for other areas of the business, or simply to replenish the stock again. There are numerous issues with inadequately controlled costs & budgets within an organisation. Firstly, poorly controlled expenses may lead to a rise in costs which the company may not have the obtainable resources to accommodate the extra costs. As a result of this, the business will have to raise these finances from an additional funding source, such as an overdraft for a short term borrowing to...
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...identify real causes of child abuse and molestation, and what is considered sexual abuse. ABC Equity considers that the crucial phase before the approval of this law, is to focus in educate the community and also train the personal responsible to report any signs of sexual abuse. ABC Equity will not stay crossing-hands just waiting for the law to be passed. We will be working actively with the Connecticut law commission, to create a training program that involved small and medium size business in Connecticut, in order to create a new law that protect our child, but at the same time educate the community and the employees. In addition, ABC Equity will be supporting small business partners in Connecticut providing speeches and in-person training, with the finality to help these companies to comply with the new law and make the transitions more understandable and easy for the employees. It is important highlight that this new law is looking for to protect our children. For some small business will not be easy at the beginning to educate their employees with the compliances of the law, and could cost a sum of money. However, supporting the law will be an excellent marketing strategy for any company in the long term, because this is simply case of Social Responsibility. Question # 2 From: Executive Team To: All our Employees Statement To all our team members; Due to the economic situation and recession that has...
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...* Authority – The power to hold people accountable for their actions and to allocate organizational resources. * Bureaucracy – Formal system of organization and administration designed to ensure efficiency and effectiveness. * Competitive advantage – The ability of one organization to outperform other organizations because it produces desired goods and services more efficiently and effectively than they do. * Conceptual Skills – The ability to analyze and diagnose a situation and distinguish between cause and effect. * Controlling – Evaluating how well an organization is achieving its goals and taking action to maintain or improve performance; one of the four principal tasks of management. * Core competency – The specific set of departmental skills, knowledge, and experience that allows one organization to outperform another. * Department – A group of people who work together and possess similar skills or use the same knowledge, tools, or techniques to perform their jobs. * Effectiveness – A measure of the appropriateness of the goals an organization is pursuing and the degree to which the organization achieves those goals. * Efficiency – A measure of how well or how productively resources are used to achieve a goal. * Empowerment – The expansion of employees’ knowledge, tasks and decision making responsibilities. * First-line manager – A manager who is responsible for the daily supervision of non-managerial employees. * Global organizations...
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...T0: Connie Marie Gaglio, PhD FROM: Jia Yi Mai DATE: 3 November 2015 SUBJECT: Memo 3, Can Conscious Capitalism Solve the Problems Created by Gilded Age 2.0 The era of the gilded age 2.0 was characterized by rapid economic growth especially in the North and the West of America. The market was operating on a laissez faire basis of capitalism. The social gilded age was characterized by a period of boom. Firms needed to produce more output in order to maintain their income level and position in the market. In a period of boom, families needed high wages to sustain them. Thus there was child labor where the families sent their children to work in the warehouse in order to earn more wages as a family. People were anticipating for a high period of inflation. The interest rates went up due to the looming inflation period that was as a result of the economic boon in the era. In addition the gilded age era brought up political issues such as tariff. The protective tariff that was set by the second James Madison administration was high (Lucas, 1980). This discourages the importation of goods from other countries and only favored that Americans. The trade relation between America and other countries was affected thus setting entry barriers of other multinational firms. Conscious capitalism is guided by ethical standards. The firms operate in an ethical manner that is not meant to harm the consumers. A conscious capitalism enhances better financial performance. The value of conscious...
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...Chapter 1: What is CSR Organizations can be classified in 3 categories: 1) For profits: Seek gain for their owners 2) Government: Exists to define rules and structures of society within which all organizations must operate 3) Non-profits: Emerge to do social good when the political will of the profit motive is insufficient to address societies needs Stakeholders: Includes all those who are related in some way to a firm “A stakeholder in an organization is any group or individual who can affect or is affected by the achievement of the organizations objectives” could range from clearly defined customers, employees, suppliers, creditors, and regulating authorities, to other more amorphous constituents such as local communities CSR is both critical and controversial; It is critical because the for-profit sector is the largest and most innovative part of any free societies economy. However CSR remains controversial; In spite of the rising importance of CSR today for corporate leaders, academics, and bureaucrats alike, many still draw on the views of the Nobel Prize- winning economist Milton Friedman, who argues against CSR because it distracted leaders from economic goals. Friedman believed that the only “social responsibility of a business is to increase its profits”- that society benefits most when businesses focus on maximizing their financial success. David Packard, a co-founder of Hewlett-Packard however, believes “a group of people get together and exist as...
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