Runninghead: UNIT 3 – COMMERCIAL TRANSACTIONS (CONTRACTS) Victor McLaurin 28 February 2010 Abstract This week’s individual project will be in the form of an executive summary. The summary will be based on a series of questions concerning 1) the city of Bigtown’s advertising campaign (courtesy of the mayor)‚ 2) possible similarities of this promotion to a court decision and 3) possible repercussions that could be encountered if not executed with caution. The court decision concerning
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Transaction cost theory states that the goal of an organization is to minimize the costs of exchanging resources in the environment and the costs of managing exchanges inside the organization. Transaction costs are defined as the costs of negotiating‚ monitoring‚ and governing exchanges between people Transaction costs result from a combination of human and environmental factors Transaction costs result from a combination of human and environmental factors: Opportunism
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implemented ‚eradicate corruption and help/participate in socio-economic development and programmes. We must be responsible citizens and contribute our share to ensure all possible ways for the policies to be implemented. Donations are the best way to reduce poverty in a small scale....... We can open our own NGO to help the poor in all primary ways like providing food‚ cloths ‚ educations etc.. If you own a company or an offce you could employ people who are very poor! Small things can make great differences
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Enron’s Questionable Transactions 1. The special purpose entities (SPEs) got Enron into trouble. 2. It is debatable whether Enron’s directors knew how profits were being made through the SPEs. Speculation is that they did have knowledge‚ but did not question the questionable procedures. Evidence that indicates the directors knew how profits were being made includes the following: • Andrew Fastow’s role in establishing the SPEs and falsely creating 3% independent investors in
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Hedging Strategy Analysis for Sims Metal Management The Risks Faced by Sims Metal Management Sims Metal Management (SGM) is a global Australian-based company that specializes in metal recycling‚ operates business in North America‚ Australiasia( Australia and Asia) and Europe‚ with North America being the largest market. The company’s activities expose it to the three major parts as financial risks: market risk‚ credit risk and liquidity risk. Market risks consist of interest rate risk‚ foreign
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Can Recidivism be Reduced? “77% of inmates released from prison are re-incarcerated within 5 years of their release. More than 37% of those prisoners are arrested within 6 months of their release‚ and 57% are arrested by the end of the first year” (Bureau of Justice 1). Despite people saying it can’t be reduced and because re-entry rates in the U.S. are so high‚ recidivism can be helped with the right support in and out of the prison walls. “Positive behavior change and lower recidivism rates
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Who should be involved in selection of risk reduction strategies? Deciding on risk reduction strategies is something you shouldn’t do completely on your own. While your organization may come up with some great ideas on its own‚ it’s important to bring members of the community into the process‚ including people who can make a difference (those who can bring support and reserves to a cause) and people who are experiencing the problem. A community-wide approach works best in most cases. Including
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debit card number to complete the transaction. Payment Methods Typically‚ you must use either a credit or debit card to purchase items online. There are exceptions to this. There are sites that will accept checks‚ money orders or electronic wallets‚ such as PayPal. When you pay with a credit or debit card‚ note that the information you provide must match the information that the issuing bank has on file. If it does not‚ the bank will not approve the transaction. This safeguard exists to prevent
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Australia is reviving the cases for the patients of Skin Caner ‚ Sun Burn and Tanning which is causes by the Sun. So from last the few years this is the one of the critical question that Should people avoid the sun to prevent skin cancer or seek sun exposure in order to have sufficient Vitamin D? To find out
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Nowadays‚ unemployment in the Philippines has worsened. Unemployment is the condition of a person who is able to work‚ is actively seeking work‚ but is unable to find any. Others lost hope and all they want to do is stay at home and do nothing. However giving up is not an option today‚ because nothing better will happen if we do so. Since graduation is fast approaching‚ we are about to free the challenge of finding a suitable course in college. Here are few points to remember before making a decision
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