Credit cards have become one of the most commonly used means for daily financial activities. They are used for everything from buying breakfast‚ to getting gas‚ to paying the power bill. Some people use them for the rewards and others for a stream of cash until the next paycheck. While some people pay the balance off monthly‚ many more have some significant amount of debt from one or more credit cards. In fact‚ the average credit card debt per U.S. adult‚ excluding store and zero balance credit cards
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REVIEW ON TURNOVER RATES IN FINANCIAL SERVICE ORGANIZATION Working in a very active financial institution in a country where citizens are eager for financial freedom and increased response and sensitivity of the financial sector to the yearnings of the medium‚ small and micro-scaled industries to stimulate economic growth and reduce hardship in a poverty stricken environment could be very tasking and demanding. Not only that workers turnover rate is high‚ the extreme nature of this is taking its
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SECTION 005 CITIBANK INDIA CASE Learning Team A5: Mohammad Al-Ali‚ Greta Carlson‚ Patricia Ligon‚ Scott Schultz‚ Mike Xu‚ Max Young Word Count: 1496 In assessing the marketing strategy of Citibank India’s credit card business‚ Harpreet Grewal is faced with two choices: maintain the current strategy‚ with its higher margins but shrinking growth opportunities‚ or expand into new target segments/geographies with their attendant challenges and uncertainties. He would likely find that
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many workplace issues are easily resolved without union intervention. Federal regulations now govern minimum wages‚ work hours‚ safety and health‚ discrimination and other issues. Unions have had a significant impact on the workplace in prior years through collective efforts of workers to have their needs addressed so that the widening gap between employer and employee would not lead to the exploitation of workers. Today‚ the influence of the unions and the labor movement are still there but not as
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BACKGROUND The European Union (EU) was founded as the European Economic Community (EEC) by the Treaty of Rome in 1957 to promote economic and political integration in Europe. The beginning of the EEC followed the creation of the European Coal and Steel Community‚ created after World War II as a means of promoting integration among former enemies. The EEC has expanded from its original six members (Belgium‚ France‚ Germany‚ Italy‚ Luxembourg‚ and Netherlands) to include United Kingdom‚ Ireland
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Consumer Law | The Credit Bureau | Consumer Agency Report | 4/8/2013 | Introduction Credit reporting companies serve as a ball of information about the consumer use of credit as reported by those by which the consumers borrow credit. Lenders gather and use this information to counterpart any data they have already obtained directly about the borrower’s creditworthiness to aid in their lending making decisions. Lenders have the incitement to report their experiences with the borrowers
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Debits & Credits In each and every accounting transaction‚ there are at least two elements (accounts) involved. These accounts are either debited or credited‚ with the amount that is reflected in the transaction‚ depending on the nature of the account (Real/Personal/Nominal) and the rule applicable to it. Golden universal rules of Debits & Credits Accounting elements are categorized into three groups; Real - examples are cash‚ equipment‚ furniture etc. Personal - Proprietor’s Capital
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Ethical Practice within the financial services industry Why is ethical practice important? Firms that operate within the financial services try to be as open and honest with their consumers with all types of business in order to create confidence among customers. Not all banks/services have profit as their primary goal‚ there are several financial services which focus on creating social and environmental benefits. So why are ethical policies important? Well it comes down to the customer and their
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The European Union (EU) is a family of democratic European countries‚ committed to working together for peace and prosperity. It is not a state intended to replace existing states‚ but it is more than any other international organization. The EU is‚ in fact‚ unique. Its member states have set up common institutions to which they delegate some of their sovereignty so that decisions on specific matters of joint interest can be made democratically at European level. This pooling of sovereignty is also
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TRADE UNIONS DEFINITIONS OF TRADE UNIONS • The Classic Definition of a Trade Union as ‘a continuous association of wage earners for the purpose of maintaining or improving the condition of their working lives’ Coates (1982). • Hyman (1983) defines a trade union as ‘associations of workers who are already organized by those to whom they sell their labour power and whose actions they are designed to influence’. • According to Cole G.D.H.‚ a trade union is an association of workers in one or more
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