GM545 - Research Project Prof. M. Peterson What is meant by “triple bottom line”? The “triple bottom line,” which can be abbreviated as TBL or 3BL, which is also known as people, planet, profit or "the three pillars.” UN standards apply to natural capital and human capital measurement to assist in measurements required by TBL. TBL is it important? Because the TBL is made up of "social, economic and environmental" factors. These factors are made up of "People"
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Business Economics GM545 Project Part 2 Fall Session A 2011 Mohamed Bah t.bahafsl@yahoo.com _______________________________ DeVry University Keller Graduate School of Management New Jersey North Brunswick An economic system should provide two social needs for the people it serves first an adequate production of goods and second an equitable distribution of those goods. National Income is the science of how to measure an economy’s overall economic
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Business Economics GM545 Winter 2012 Chapter 25 Question 7 Free trade in the United States has assisted the country to thrive and be successful. Free trade has made its mark on Americans for wealth and prestige. Free trade has brought Americans accustomed to a way of living and that is why there is free between states. There are other factors as to why free trade is free between states and why free trade is not necessarily free for countries
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#1 – Ethical Issues in Business Whenever there is an unethical action discovered by a company that is brought to light in the public eye, from both a economic and consumer standpoint, I believe there would be significant impacts that would affect the economic and fiscal activities of the organization. On the question of “Are ethical issues more likely to occur in one market type rather than another market type”, I believe that it is not so much a particular market as it is the proper conditions
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Mr. President, due to the current severe and deep recession the economy is experiencing, I would like to suggest a combination of both monetary and fiscal policies that I believe can aid in stabilizing the economy. The fiscal and monetary policies are completely separate of each other and are handled by different components of the U.S. government. Agreeing with Mr. Burke’s and Ms. Tanney’s statement, the fiscal policy is controlled by Congress and the President with the use of its two tools, government
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J. Wesley Day GM 545 – Economics Keller Graduate School Professor, Suzzette Arnold March 19, 2011 The Bernard Madoff scandal occurred during a major economic crisis by operating an investment Ponzi scheme that took citizens, companies, and 501c’s for millions of citizens. A time that major banks and other firms performed poorly or failed altogether many bank executives still received high salaries, bonuses and severance. Which is an example of diseconomies of scale. This is all unethical
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Keller Graduate School of Management Business Economics GM545 Online Graduate Course Summer Session A, July 2010 You Decide 14 August 2010 The deep recession that we have found ourselves experiencing in this example doesn’t deviate far from our current economic situation as we stand as a nation today. With economic analysts predicting that recessionary conditions may persist for at least another year, the economy requires some government intervention to put it back on track. With prices
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As the senior President advisor, I will advise President to take 4 actions: 1. Lowering interest rates, 2. Reducing taxes, 3. Increasing government spending in specific target only, and 4. Buying bonds. However, all these actions may have side effect. For lowering interest rates, this will eventually attract more investors to invest into production, reducing unemployment rate along the way, and encourage consumption, but President must aware there is high chance this will affect the whole
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July 13, 2010 GM598 – International Business Case Analysis Assignment: DMG-Shanghai 1. Why do you think that it is so important to cultivate guanxi and guanxiwang in China? According to the closing case on page 117 of the textbook, guanxi is based on reciprocity, which is the undertaking of higher authority to accept an obligation to return a favor in the unspecified future whenever they benefit from the guanxi network. The development and expansion of the guanxi is a form of social investment
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Exercise 1 Gas prices are influenced by the price of crude oil, the consumers need for gas, and the markets supply of gasoline. The Oil Producing and Exporting Countries determine how much oil to produce and sell to other countries (Forbes, 2008). As the amount of oil increases in the market the price of gas decreases, in turn if the supply decreases the price of gasoline increases. Not only is the price of gasoline affected by normal supply and demand changes, it is also affected by global events
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