arMary Petritz Real Estate Seminar November 10‚ 2011 Liar’s Poker Liar’s Poker‚ by Michael Lewis‚ is a book that thoroughly looks into the author’s life as a broker on Wall Street working for Salomon Brothers‚ the most profitable firm in the 1980’s. Michael Lewis graduated from The London School of Economics and decided to take his career into trading when offered a job by the top- trading firm. At this time‚ the mortgage market started booming‚ and money was flowing all over Wall Street
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business ownership‚ below is information about four types of businesses that I have researched. Sole trader An example of a sole trader would be Amro‚ a hair salon. It offers beauty services such as haircuts‚ manicures‚ pedicures etc. A “sole trader” business is owned by one single person‚ although it may have a number of employees. There are no legal requirements for setting up as a sole trader and the owner does not even need to register with a government body. The majority of small businesses
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Government regulations…………………………………………………………8 13. Ethical issues…………………………………………………………………….8 14. Bibliography …………………………………………………………………….9 Description of a Business Legal Requirements Elizabeth’s Cosmetics would operate as a sole trader business. In Trinidad a sole trader business must be registered with the companies registry. The proposed business name of Elizabeth’s Cosmetics would be searched and once no other business has the name Elizabeth’s Cosmetics‚ this name can be reserved and registered
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organisation is sole trader. Considering that the business is set up by a sole trader the size of it is micro making the scale of it local. The business is set up to make a living‚ to make money for a survival. The advantages of a sole trader is that this sort of business is easy to set up – there are no complicated forms of procedures‚ also the business is very flexible‚ for example hours worked or stock bought can be altered on a daily basis. However‚ the disadvantages are that sole traders have unlimited
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ISSN 1020-7317 4 Marketing Extension Guide Planning and designing RURAL MARKETS For further copies of this publication and for information on FAO’s activities related to agricultural marketing please contact: Agricultural Marketing Group Agricultural Support Systems Division Food and Agriculture Organization of the United Nations Viale delle Terme di Caracalla 00100 Rome‚ Italy Fax: (+39)-06 57056850 E-mail: AGS-Registry@fao.org http://www.fao.org/ag/AGS/subjects/en/agmarket/agmarket
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BUSINESS Literally‚ the word “business” means the state of being busy. Generally‚ the term business includes all human activities concerned with earning money. In other words‚ business is an activity in which various persons regularly produce or exchange goods and services for mutual gain or profit. The goods and services produced or purchased for personal use are not included in “business”. Business is an economic activity‚ which is related with continuous and regular production and distribution
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increase input cost ( Wage rate‚ price of fertilizer ‚ pesticides‚ price of diesel for irrigation of land through pump etc )‚ absence of producers collectives and organized markets in the supply chain‚ lack of information on price trend and big traders of chilly in the State of Odisha and adjourning states who can offer good price ‚ better farming practices through use of latest technology and support system‚ timely availability of credit at affordable rate of interest through formal banking system
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Problem 1.7. Suppose that you write a put contract with a strike price of $40 and an expiration date in three months. The current stock price is $41 and the contract is on 100 shares. What have you committed yourself to? How much could you gain or lose? You have sold a put option. You have agreed to buy 100 shares for $40 per share if the party on the other side of the contract chooses to exercise the right to sell for this price. The option will be exercised only when the price of stock is below
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Adoboli joined UBS as a graduate trainee in 2003. He then worked for delta one trading desk in 2007 which mainly traded Exchange traded fund. Due to the dissatisfaction with his annual salary and bonus of £360‚000 and the desire to become a star trader with huge bonus‚ he started his illicit trading in late 2008 which imposed a huge financial loss on UBS in Sep 2011. In the following passages‚ We would like to discuss the details of his unauthorized tradings‚ risks involved and make comments about
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Uniform Customs and Practice for Documentary Credits (UCP)‚ which consists of a set of principles which standardise banking procedures for payments byway of documentary credits. These principles do not apply automatically‚ but are in play once traders choose to pay by letter of credit and to incorporate the UCP as part of their contract terms. The UCP was first issued by the International Chamber of Commerce (ICC) in 1933. It has been regularly revised since then in order to ensure that it reflected
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