will soon swing back again since all uncertain factors existing. From the supply side of view‚ the OPEC is the main producer‚ being prepared to add or subtract production to balance demand. Moreover‚ Russia is another major producer of oil in the world. They usually produce more when demand more and subtract when demand reduce to control the price of oil. Anyway‚ speculator is another factor we have to consider in short run. From demand side of view‚ every country is trying to reduce the consumption
Premium Supply and demand
CHAPTER 1 INTRODUCTION BACKGROUND There are a number of positive developments in the economy since the introduction of foreign currency (multi currency system)‚ which if sustained‚ will spearhead economic recovery in the short to medium term horizon. These developments included the introduction of the multi currency system and the liberalization of the exchange control‚ the formation of government of national unity (GNU) and the engagement with multilateral institutions and the donor community
Premium Audit Corporate governance Auditing
for concepts like “Lean manufacturing”‚ business culture and production quality. All this changed as Toyota faced problems with unintended acceleration of its cars‚ which has throw the company into an even worse situation then the one caused by the global Financial Crisis. In February 2010 Toyota reported a 16 percent drop in January U.S. sales with the lowest market share since January 2006‚ pushing its share price in Tokyo down 5.7 percent. In February the company announced a recall of nearly 500
Premium Stock Corporation Stock market
The Injustice Done to Tou Ngo About the Author: Kuan Han-ch’ing A notable Chinese playwright and poet in the Yuan Dynasty. He has been described as among the most prolific and highly regarded dramatists of the Yuan period. Analysis: The Injustice Done to Tou Ngo is one of defining works of Chinese drama and theatre that has been produced ever since the thirteenth century. The theme of story shows an eloquent denunciation of injustice‚ great dramatist concern for the people and hatred for the oppressive
Free China Song Dynasty Tang Dynasty
set out‚ through an investigation into the Zimbabwean experience‚ to examine the role local Non-Governmental Organisations (NGOs) can play to uphold human rights in a repressive environment‚ in response to state-induced internal displacement situations. The debate about NGOs and their role in the triadic development process (state‚ markets and NGOs) is explored. While NGOs have been projected as the development ombudsman‚ questions about their effectiveness‚ transparency accountability‚ and being
Premium Human rights Refugee Non-governmental organization
Ethics is defined as a system of moral principles that governs a person or a group’s behaviour. Ethics refers to well based standards of right and wrong‚ and prescribe what humans ought to do. It is also the continuous efforts of striving to ensure that people‚ and the institutions they shape‚ live up to the standards that are reasonable and solidly based (Amundsen & Andrade‚ 2009). Ethics involves in doing “what is right” and “what is wrong”. However‚ most ethical dilemmas in workplace are not simply
Premium Ethics
Center for International Private Enterprise ECONOMICREFORM Feature Service® January 12‚ 2006 Business Ethics: The Essential Component of Corporate Governance John D. Sullivan‚ Ph.D. Executive Director‚ CIPE Aleksandr Shkolnikov‚ Program Officer‚ Global‚ CIPE Given financial scandals and the resulting new mandates on business‚ firms find themselves pressed to develop strong codes of ethics to guide the behavior of board members‚ managers‚ and employees. Although the concern with ethics has always
Premium Business ethics Ethics Corporate governance
We live in interesting times. Powerful forces are re-shaping the global business scene : financial and economic upheaval in the Far East‚ Latin America and Russia is creating a tidal-wave of change in the competitive environment. Organisations that once felt insulated from overseas low-priced competitors now find that they too must not only continue to constantly create new value for customers‚ but must do so at a lower price. To meet the challenge of simultaneously reducing cost and enhancing
Premium Supply chain Supply chain management Lean manufacturing
Corporate Governance is a concept in which it has been existence for decades; although not in the exact form that it has come to be understood today (Anandarajah‚ 2001). The term corporate governance was introduced in Malaysia in 1997 during the Asian Financial Crisis. It also drew the public’s attention on the weaknesses of the Malaysian corporate governance practice (Nor Azizah Zainal Abidin‚ 2007). Besides that‚ the downfall of Sime Bank‚ the Bumiputera Malaysian Finance (BMF) scandal‚ the irregularities
Premium Board of directors Corporate governance Corporation
Corporate governance is the way a corporation polices itself. In short‚ it is a method of governing the company like a sovereign state‚ instating its own customs‚ policies and laws to its employees from the highest to the lowest levels. Corporate governance is intended to increase the accountability of your company and to avoid massive disasters before they occur. Failed energy giant Enron‚ and its bankrupt employees and shareholders‚ is a prime argument for the importance of solid corporate governance
Premium Corporate governance Management Board of directors