How to Buy Custom Essay Papers

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The Minimum Wage - 766 Words

There have been multiple debates on whether or not the minimum wage should be raised. Minimum wage can produce an impact on everyday life more than most may think. It is not just about more money in a person’s pocket; it can affect the economy in multiple ways. Many people think it would be a good idea to raise the average minimum wage, but they do not understand or take the time to think of the disadvantages. The minimum wage is the least amount a worker can be paid at a job, by federal law. The present minimum wage is set at seven dollars and 25 cents. The wage can be determined by votes of the public or the average living cost. Before the Fair Labor Standards Act, corporations were free to choose any pay rate of their choice. This†¦show more content†¦Another disadvantage to a rise in pay includes the possibility that some people may lose their government benefits due to their new annual income, such as food stamps or health insurance. The loss of federal and state aids could produce a greater hardship on people and their families than the preexisting minimum wage. For those who have already earned a higher pay due to noticeably hard work or time spent working for a company, the raise of minimum wage would cause the experienced workers to demand more. If the company is already struggling to pay the difference of the raised minimum wage, there will be no option but to either refuse the request of an experienced worker or fire employees. Even though workers have dreamed of a pay raise for years, it has been concluded that the money will not be coming very soon. It is expected to be a few years until an increased minimum wage could be developed (Mcgeehan). This does not include all of America due to larger cities usually having higher wages. Some states have more of a demand due to the different living conditions and different prices of products. Smaller towns have been known to produce smaller prices for average pro ducts due to supply and demand. This means the ratio of pay to living expenses averages out. The outcomes aren’t all bad. There are also some goodShow MoreRelatedMinimum Wage And The Wage1639 Words   |  7 PagesMinimum wage is one of the many microeconomic policies that serve to correct imbalance in the economy. It is defined as the lowest amount of remuneration required of an employer to pay his employees during a given period of work. There exist different laws in different states that can fix the minimum wage policy. A current economic issue is minimum wage, or specifically, its pertinence to social inequality. Many sectors of society would be affected by changes in this policy. Minimum wage relies onRead MoreMinimum Wage And The Wage960 Words   |  4 Pagescountry, or type of job believe that increasing the minimum wage would solve individual financial problems. It is important to know that this subject is not a black-and-white problem and can not be answered by a si mple yes or a no answer. This article will be focusing on the minimum wage in America. Furthermore, we are focusing on the State s minimum wage rather the Federal minimum wage. It is important to understand that the state s minimum wage is different than the Federal. In some states it mayRead MoreMinimum Wage And The Wage1176 Words   |  5 Pageswork weeks at minimum wage can be insufficient to provide for life’s necessities. Many minimum wage workers must supplement their income with taxpayer-funded federal assistance programs in addition to working beyond the standard 40 hour work week. There is an economical and ethical imperative to increase the pay of low-income workers, and this can most effectively be done by raising the federally established minimum wage. The federal government assumed responsibility for ensuring wage fairness by implementingRead MoreMinimum Wage And The Wage916 Words   |  4 PagesEliminate the Minimum Wage Darity Has described minimum wage as: â€Å"Minimum-wage legislation has been to improve the terms of employment of the least-fortunate wage earners.† (Darity) Since the beginning of minimum wage laws in 1270 France the intentions of minimum wage legislation has been good. The idea is that a worker is worth a certain amount regardless of the work they are able to do. One can see how this could create inefficiencies in an economy. The law was meant to help poor families.Read MoreMinimum Wage And The Wage Essay1208 Words   |  5 Pages Minimum wage requires paying every employee a specific wage regardless of the employee productivity. It is the responsibility of the government to set the minimum wage. To understand this, a biology analogy can be used: some animals are stronger compared to others. In economic perspective, some people are relatively unable to deliver compared to others. Among them include, disabled, unskilled, and the youth. Due to their low productivity, th ey are entitled lower wages corresponding to their effortsRead MoreMinimum Wage And The Wage Essay1728 Words   |  7 PagesRoyer Political Science 120 7 November 2016 Increase Minimum Wage Introduction The United States’ minimum wage has been a concerning issue amongst the low wage earners because of the amount they earn is not enough for them to live on their own. Therefore causing the citizens who earn minimum wage to have an impossible time finding a place to stay and expenses for daily survival. Increasing the minimum wage will solve the issues that the minimum wage earners make, thus increasing the chances of survivalRead MoreThe Wage Is The Minimum Wage1098 Words   |  5 PagesEnglish 9 6/5/16 â€Å"The minimum wage is the minimum hourly wage an employer can pay an employee for work. Currently, the federal minimum wage is $7.25 an hour (part of the Fair Labor Standards Act) and some states and cities have raised their minimum wage even higher than that.† minimum wage was first introduced during the great depression in 1930s. Before it was introduced thousands of people were forced to work in horrible conditions for pennies a week. Early attempts on minimum wage was ruled unconstitutionalRead MoreMinimum Wage And The Wage1437 Words   |  6 Pages Minimum wage was established on October 24, 1938 after President Roosevelt signed the Fair Labor Standards Act. (Grossman) Minimum wage was set to allow working class citizens an opportunity to work a reasonable amount of hours for pay that would enable individuals to maintain a minimal quality life. In today’s economics minimum wage is used as a price control or price floor that the government enforces. A price floor is a minimum price for a product or service above the market’s equilibrium priceRead MoreMinimum Wage And The Wage Essay1204 Words   |  5 PagesThe minimum wage is one of the most controversial issues on our country, which is United States has been facing last ten years. There have been never ending debates over this issue until the government, company, and others party stand together, and raise the minimum wage throughout the nations. There are communities that believe raise the minimum wage has negative impact of every sector of the country. Other communities have different beliefs over the issue, raising the minimum wage helps the poorRead MoreMinimum Wage And The Wage1269 Words   |  6 PagesMinimum Wage There are a lot of people around the world who struggle with money and a satisfactory way of life. Whether they be in the United States or across the globe, there is a standard minimum wage set for the working class of their country. In the Unites States, there is a federal minimum wage of seven dollars and twenty five cents per hour worked. Almost every state has another set minimum wage, which typically is a little higher than the federal minimum wage, but it cannot be lower than

Understanding the Business Environment Loyal Employees

Question: Discuss about theUnderstanding the Business Environmentfor Loyal Employees. Answer: Introduction One of the key trends witnessed in the 21st century is due to collapse of corporate ladder where loyal employees climbed towards the higher echelons of management through one point at a time. Over the past 10 year there has been a change in the working pattern. There are number of changes in the work environment worldwide. The great recession has changed everything in the world and has put a change in the entire work culture. The changes in the business environment over the past 10 years have affected the entire way of doing work. The new form of work culture affects both man and woman. It is affecting those people as well who have just graduated from the college and looking for a job (Heerwagen, 2016). The recent change in the work pattern is related to the tenure of employment position and how dramatically it has changed. The current life span of a job has reduced in the recent time. Uncertainty is the major reason behind the reducing life span of a job. Technology is developing at a fast pace and there is a continuous shifting of pressure. Consumer taste has changed and the economic environment across the world is unstable. No employer has a capacity to predict the change in coming six months. Change in Jobs Over the Period of 10 Years The global economy producing new job has become completely unpredictable. As technology has progressed the office culture and communication mechanism has drastically changed (Fox and O'Conno, 2015). With the constant ability of an individual it has become difficult to unplug and return o the daily life. The employees from the different background and culture are posing a problem in managing critical issues that has addressed issues while managing smooth flow. One of the significant changes seen it the work culture is due to the influx of generation Y employees in the work environment (Sellers, 2013). Baby Boomers are the one born in between 1946 and 1964 and have a serious attitude towards work. They have an ability to work for a higher position at work. They are likely to be inclined towards the job security, senior position and plan for future. The millennial on the other hand are one born between 1977 and 2002. They are likely to have more energy and value education and experience . They have a casual attitude towards the work and believe in harnessing relationship at work. They are more likely to enjoy freedom and focus on balancing personal and professional life (Fox and O'Conno2015). The economy has struggled during the past few years and many companies had to cut back in a certain manner to save money and to stay positive. One of the effective ways chosen by the business organization in the recent time is to reduce budget on the corporate provided devices. The policy is referred to bring your own device. This is one of the popular approaches used by the companies. This way they can reduce the amount of expense made on each employee (Bludman, 2014.). They simply pay the employee for the amount of total bill that is related to the business. This creates a huge concern related to privacy and security at workplace. For the purpose majority of companies are using password protection and encryption to reduce the amount of risk. They are using smart software that is helping in synching the entire work in order to attain efficacy (50 ways life has changed in the last 10 years.2009). Another major change seen in the past 10 years is regarding the development of outsourcing business. This business is often less expensive and employees workers at a very low salary. According to a business report there is a 30-70 percent decrease in spending on employees salary due to this practice. Technology has carted as a safeguard to develop outsourcing as a viable approach in order to connect to remote workers (Schalock, et al 2014). Many companies are also using Skype and Google hangout strategies in order to keep in touch with the employees. Apart from this there is a shift from usage of commercial enterprise software to mobile drive software. The evolving mobile market has helped in adopting significant changes. This has helped companies to adopt modern technology instead of traditional approach. The companies can now keep in touch with the vendors through mobile devices (9 ways the workplace will look different in 2050.2016). Another change is regarding abandonment of the traditional work culture. Todays work culture is combination of expensive rent costs and building maintenance fees along with a decrease in face to face contact. The employees are given an opportunity to work from home (Wetherly and Otter, 2014). They are provided with flexible working hours and a better balance of personal and professional life. Employees considered the tradition al work culture as a barrier to grow. The generation Y is more interested to work in a flexible working option. There is an increase in businesses that are doing online sale for which an employee is getting flexible working hours. The concept of physical existence of office has become obsolete. It is difficult for an individual to predict the future but it will be exciting enough to imbibe the new working pattern (Botha, Kourie and Snyman, 2014). With an increase in the workforce diversity there is an increase in the harassment law and legal actions. Even the small business has created grievances department to address the issues related to harassment. Larger companies have developed an effective work culture and are more considerate about equal rights (Wild, Wild and Han, 2014). The cultural diversity is increasing in the business environment and it has become important from the perspective of the global business to give a proper attention to every individual in a business organization. Cultural diversity in the recent time has become an important component. The beginning of the women movement in 1970 has caused a shift in workplace demography (Budhwar and Debrah, 2013). Womens, minorities and handicapped person are now more likely to share the workplace at all the level. It is interesting to understand that both management and subordinates are now considering the preference and beliefs. The older workers are more likely to s tay with the organization and they value loyalty whereas the new workers are more likely to seek freedom and growth (Cavusgil et al 2014; Decker, Haltiwanger, Jarmin and Miranda, 2016.). Changes Expected in the Next 10 Years Over the past 10 years there has been a significant change in the work culture. Changes are inevitable in nature and the world will see new changes in the work culture in the coming years. The use of social media will increase with the advancement in technology. The social networking website will become an important medium to discuss job profile. In the coming years job hopping will emerge as a new trend. Todays generation is finding difficulty in committing their career to one company. The entire dress code at workplace will see a drastic change in coming years(Langley, Smallman, Tsoukas and Van de Ven,2013). It is expected that in coming years almost half of the workforce will switch over to artificial intelligence, it is expected that the transportation and logistics industry will probably see an upheaval in coming years. The artificial intelligence will take over the business in order to do business effectively. There will be development of efficient technology in order to manage both artificial intelligence and human (Boons and Ldeke-Freund, 2013). Global Expansion Global expansion will become cheap n coming years and employers will research for new opportunities across world. In the coming competitive scenario the western companies are turning to Asian countries for availability of cheap employees and efficient skills. There will be creation of more jobs in coming future and new pattern of work will increase in the coming years (Jussila, Krkkinen and Aramo-Immonen, 2014). Freelancing Freelancing will become a new trend to pursue business. It is evident that in coming year there will be a significant transformation in business opportunities (Benn, Dunphy and Griffiths, 2014). Companies in the coming years need to prove its worth to the employees in order to attract the best one for the organization. Social Responsibility Social responsibility in coming years will attain a broad perspective. This will however help the business in gaining effective perspective globally. It is necessary that the global enterprise has developed itself in the effective organization. This will help the new business organizations to attain higher degree of efficacy. In order to retain the old employees and to attract the new one social responsibility will develop as an effective tool (Cummings, Bridgman and Brown, 2016.). With the constant ability of an individual it will become effective for a business organization to utilize the resources in an effective manner that will help in understanding the future issues. In such a scenario it has become evident that the business needs to adopt effective business culture so that the future requirements can be attained effectively (Melnyk et al, 2014). In a competitive business scenario it is necessary for a business to adopt effective business strategies in order to attain higher us efulness. Thomas Friedman Theory of Flat World Thomas Friedman has described todays world as flat because all the competitors are equally proficient. In todays competitive world it is witnessed that there is a perceptual shift in work practice. In his theory he has stated the importance of free trade and flat world (Kuipers, et al 2014). The purpose of existing and upcoming business scenario is to attain efficiency by adopting different work environment. The world is subject to change and every company should be ready to adopt changes occurring in the environment. This is evident that the business can only grow if they adopt the different strategies as per the business environment. It is necessary for a business organization to validate the changes in an effective manner. This will help the business in accepting the changes that are occurring in the world (Cullen, Edwards, Casper and Gue, 2014. It is necessary to adopt the changes and every business can grow efficiently only after implying changes in the routine. The concept of flat world is necessary in adopting the changes and to achieve effective growth as per competitive environment. In the context of todays competitive business environment it has become evident that the work environment is changing and it is important for the business organization to adopt the c hanges in an effective manner. Changes with Examples Increasing Role of Females There are multiple changes seen in todays work culture. One of the major changes is in the form of demographic changes where most of the eminent business position in the world is taken over by female candidates. PepsiCo CEO Indira Nooyi, IBM first female CEO Ginny Rommetry, Irrene Rosenfeld of Kraft, Ursula Burns of Xerox. They have changed the complete Scenario of doing business in current work culture. This has effectively helped in changing the complete procedure of doing business (9 ways the workplace will look different in 2050.2016). Innovation and Technology Another change is seen in the field of technology and innovation. Majority of companies have adopted the high end technology in order to attain high capacity. The Multinational companies have imbibed distinguished culture in working procedure. The advancement of technology is seen as an important change in the recent time. Majority of work in an organization are now technology driven, big organizations are now focusing on effective technology in order to attain high capacity. Technology has become most of the efficient driver that has helped the organization in order to attain results. Every business enterprise whether new or old needs to comply with the effective technology in order to attain results (Ferraro and Brody, 2015). Conclusion To conclude it is evident to understand that change is essential for todays business environment. N recent 10 years the world has seen many changes I the working culture. It is evident that the changes need to imply effectively and most importantly changes need to be effectively proceeding. The global economy producing new job has become completely unpredictable. As technology has progressed the office culture and communication mechanism has drastically changed. In such a scenario it is important for a business organization to comply with the changes and to adopt the changes. In the coming 10 years the whole world will see new changes and it will create an effective working environment. As per the famous theory of Author Friedman the whole world is flat and it is important for every business organization to adopt changes in order to grow. References 50 ways life has changed in the last 10 years.2009. Available on: https://www.thestar.com/news/world/2009/12/21/50_ways_life_has_changed_in_the_last_10_years.html Accessed on: 24 April 2017 9 ways the workplace will look different in 2050.2016. Available on: https://www.businessinsider.in/strategy/9-ways-the-workplace-will-look-different-in-2050/slidelist/50659266.cms Accessed on: 24 April 2017 Benn, S., Dunphy, D. and Griffiths, A., 2014.Organizational change for corporate sustainability. Routledge. Bludman,H.2014. 10 Ways The Work Environment Has Changed. Available on: https://www.huffingtonpost.com/helene-cohen-bludman/changes-in-the-workplace_b_4295351.html Accessed on: 24 April 2017 Boons, F. and Ldeke-Freund, F., 2013. Business models for sustainable innovation: state-of-the-art and steps towards a research agenda.Journal of Cleaner Production,45, pp.9-19. Botha, A., Kourie, D. and Snyman, R., 2014.Coping with continuous change in the business environment: Knowledge management and knowledge management technology. Elsevier. Budhwar, P.S. and Debrah, Y.A. eds., 2013.Human resource management in developing countries. Routledge. Cavusgil, S.T., Knight, G., Riesenberger, J.R., Rammal, H.G. and Rose, E.L., 2014.International business. Pearson Australia. Cullen, K.L., Edwards, B.D., Casper, W.C. and Gue, K.R., 2014. Employees adaptability and perceptions of change-related uncertainty: Implications for perceived organizational support, job satisfaction, and performance.Journal of Business and Psychology,29(2), pp.269-280. Cummings, S., Bridgman, T. and Brown, K.G., 2016. Unfreezing change as three steps: Rethinking Kurt Lewins legacy for change management.human relations,69(1), pp.33-60. Decker, R., Haltiwanger, J., Jarmin, R. and Miranda, J., 2016.Changing Business Dynamism: Volatility of Shocks vs. Responsiveness to Shocks?. Working paper, Ferraro, G. and Brody, E.K., 2015.Cultural Dimension of Global Business. Routledge. Fox,K. And O'Conno,J.2015. Five ways work will change in the future. Available on: https://www.theguardian.com/society/2015/nov/29/five-ways-work-will-change-future-of-workplace-ai-cloud-retirement-remote Accessed on: 24 April 2017 Heerwagen,J.2016. The changing nature of organizations, work, and workplace. Available on: https://www.wbdg.org/resources/changing-nature-organizations-work-and-workplace Accessed on: 24 April 2017 Jussila, J.J., Krkkinen, H. and Aramo-Immonen, H., 2014. Social media utilization in business-to-business relationships of technology industry firms.Computers in Human Behavior,30, pp.606-613.. Kuipers, B.S., Higgs, M., Kickert, W., Tummers, L., Grandia, J. and Van der Voet, J., 2014. The management of change in public organizations: A literature review.Public Administration,92(1), pp.1-20. Langley, A., Smallman, C., Tsoukas, H. and Van de Ven, A.H., 2013. Process studies of change in organization and management: Unveiling temporality, activity, and flow.Academy of Management Journal,56(1), pp.1-13 Melnyk, S.A., Bititci, U., Platts, K., Tobias, J. and Andersen, B., 2014. Is performance measurement and management fit for the future?.Management Accounting Research,25(2), pp.173-186. Schalock, R.L., Lee, T., Verdugo, M., Swart, K., Claes, C., van Loon, J. and Lee, C.S., 2014. An evidence-based approach to organization evaluation and change in human service organizations evaluation and program planning.Evaluation and program planning,45, pp.110-118. Sellers,C.2013. How Office Culture Has Changed in the Last Decade. Available on: https://spinsucks.com/entrepreneur/how-office-culture-has-changed-in-the-last-decade/ Accessed on: 24 April 2017 Wetherly, P. and Otter, D., 2014.The business environment: themes and issues in a globalizing world. Oxford University Press. Wild, J., Wild, K.L. and Han, J.C., 2014.International business. Pearson Education Limited.

Margaret Mead And Ruth Benedict Essays - Anthropology, Humanities

Margaret Mead And Ruth Benedict Ruth Benedict & Margaret Mead After high school, Ruth Benedict took a year off to travel overseas. Upon returning home she was unsure of what she wanted to do with her life. Years later, she married Stanley Benedict, a Biochemistry Professor at Cornell Medical School. In the fall of 1919, Ruth went back to school and began to focus more on anthropology. She studied under the famous diffusionist Franz Boas and became his assistant. Ruth taught Margaret Mead. Ruth and Margaret became good friends and developed a shared need of each other. Ruth concentrated most of her efforts on researching and studying different cultures on which many of her writings were based. She wrote of the differences between the cultures around the world and talked about different patterns related to culture and behavior. Ruth was very talented in summarizing and clearly arranging facts which were characteristic of her writings and ultimately her approach to anthropology; this, perhaps, may be the reason many of her reviews were published in professional papers and magazines throughout her career. Ruth Benedict was a very important figure in early anthropology and even more so in cultural anthropology. She was one of the first female anthropologists of her time. Her books serve as a referral of humanistic thought in the 20th century. Ruth Benedict has helped shape the discipline of anthropology not only in the United States, but also for the rest of the world. After a year at Depauw University at Greencastle, Indiana, Margaret Mead, entered Barnard College, Columbia University. It was here that she decided to make anthropology her major. She later received her B.A. degree. She also got her M.A. degree in psychology. In 1929, she received her Ph.D. Dr. Margaret Mead is a specialist in what she herself describes as ?conditioning of the social personalities of both sexes.? She had several field trips. First, she was in the Samoan Islands and than the Manus tribe of the Admiralty Islands in the West Pacific Ocean. In 1930, Dr. Mead went to study an American Indian Tribe the identity that is hidden by the name of ?the Antlers? in her book noting her findings and conclusions. Between 1931 and 1933, Dr. Mead went in the New Guinea area to do research on three contrasted tribes, the Arapesh, the Mundugumor, and the Tchumbuli. For three years, starting in 1936, Dr. Mead was busy on fieldwork in Bali and New Guinea. She has always found her profession so different that she has not felt the need for a hobby; she reportedly enjoys the theater and reads good poetry. Anthropology

Free Essays on Fgm

Screams Heard Around the World â€Å"The little girl, entirely nude, is immobilized in the sitting position on a low stool by at least three women. One of them with her arms tightly around the little girl’s chest; two others hold the child’s thighs apart by force, in order to open wide the vulva. The child’s arms are tied behind her back, or immobilized by two other women guests†¦ Then the old woman takes her razor and excises the clitoris. The infibulation follows: the operator cuts with her razor from top to bottom of the small lip and then scrapes the flesh from the inside of the large lip. This nymphectomy and scraping are repeated on the other side of the vulva†¦ The little girl howls and writhes in pain, although strongly held down. The operator wipes the blood from the wound and the mother, as well as the guests, verify her work, sometimes putting their fingers in. The opening left for urine and menstrual blood is minuscule†¦ Then the operator applies a paste and ensures the adhesion of the large lips by means of an acacia thorn, which pierces one lip and passes through into the other. She sticks in three or four in this manner down the vulva. These thorns are then held in place either by means of sewing thread, or with horsehair. Paste is again put on the wound†¦ But all this is not sufficient to ensure the coalescence of the large lips; so the little girl is then tied up from her pelvis to her feet: strips of material rolled up into a rope immobilizes her legs entirely†¦Ã¢â‚¬  - M.A.S. Mustafa, Muslim resident of Djibouti The passage above describes a typical procedure known as female genital mutilation (FGM) or female circumcision (FC). For many generations, this practice has been a normal and accepted scenario for women around the world, but has now become an issue for international controversy. It is estimated that 137 million females around the world have undergone FGM/FC, and at least another 2 m... Free Essays on Fgm Free Essays on Fgm Screams Heard Around the World â€Å"The little girl, entirely nude, is immobilized in the sitting position on a low stool by at least three women. One of them with her arms tightly around the little girl’s chest; two others hold the child’s thighs apart by force, in order to open wide the vulva. The child’s arms are tied behind her back, or immobilized by two other women guests†¦ Then the old woman takes her razor and excises the clitoris. The infibulation follows: the operator cuts with her razor from top to bottom of the small lip and then scrapes the flesh from the inside of the large lip. This nymphectomy and scraping are repeated on the other side of the vulva†¦ The little girl howls and writhes in pain, although strongly held down. The operator wipes the blood from the wound and the mother, as well as the guests, verify her work, sometimes putting their fingers in. The opening left for urine and menstrual blood is minuscule†¦ Then the operator applies a paste and ensures the adhesion of the large lips by means of an acacia thorn, which pierces one lip and passes through into the other. She sticks in three or four in this manner down the vulva. These thorns are then held in place either by means of sewing thread, or with horsehair. Paste is again put on the wound†¦ But all this is not sufficient to ensure the coalescence of the large lips; so the little girl is then tied up from her pelvis to her feet: strips of material rolled up into a rope immobilizes her legs entirely†¦Ã¢â‚¬  - M.A.S. Mustafa, Muslim resident of Djibouti The passage above describes a typical procedure known as female genital mutilation (FGM) or female circumcision (FC). For many generations, this practice has been a normal and accepted scenario for women around the world, but has now become an issue for international controversy. It is estimated that 137 million females around the world have undergone FGM/FC, and at least another 2 m...

Business law Essay Example | Topics and Well Written Essays - 1250 words - 5

Business law - Essay Example Such advice is provided by The Learned Wig without constituting any representation or guarantee of any kind, express or implied, as to the information, content, materials, or products being sold in this store. To the full extent permissible by applicable law, The Learned Wig disclaims all warranties, express or implied, including but not limited to, implied warranties or merchantability and fitness for purpose, even any liability arising from the negligence of its employees. In the same way, the Learned Wig excludes any liability for any type of damage or injury that the costumer may suffer when visiting the store, even in the case of negligence of its employees or management†. Using relevant case law and statutory provisions, explain whether the store has any liability for negligence in relation to Henry’s injury and property damage AND whether the notice on the door discharges its liability. Yes. The store â€Å"The Learned Wig† has to take responsibility for the damage caused to Henry. It is because of the negligence of the store, the books were not arranged properly that led to injury of Henry. It is the minimum duty and responsibility of the store to maintain proper records and arrangement of other articles and thorough supervision. Sufficient number of persons should be arranged for showing the required books to the customers. Had â€Å" The Learned Wig† followed these basic duties properly, Henry wouldn’t have experienced any injury. Moreover, the maintenance of basic facilities in the store should be the main duty of â€Å"The Learned Wig†. Hence, Henry should be paid compensationfor the damage he sugjected due to negligence of store keeper. However, Henry has to proceed legally to get the compensation. Henry has to seek the justice under â€Å"The unfair contract terms act 1977†in which if the act of any person or business organization is unreasonable in terms of the safe and quality supply of the products, the supplier may be

Business plan for a start-up ( Financial data) Literature review

Business plan for a start-up ( Financial data) - Literature review Example With god business plan, the future of the business is certain and all future occurrences will be met with certainty. For a stat-up business, plan is used by business to determine its future survival and viability. Businesses cannot run effectively without a plan. Most plan make assumptions about the future. Any assumption made should be made with great caution as failure for the assumption to hold, the whole plan might be jeopardized. A successful business plan should be prepared based on past experiences fact and empirical data. It requires lo of expertise to prepare a concrete plan for a start-up business that has no past records experience. This paper will focus on the financial side of a business plan by reviewing overall financial records for all industries that are components of a plan. The financial plan of a start-up business will be based on the size of the proposed business. This means that it will rely mainly on assumptions. Analysis will be done o the future cash flows, i ncomes and expenses, balance sheet, capital, profitability and financial ratio analysis. The major assumption that will be used in the plan will be: The prevailing market and economic conditions prevail. Methodology The plan will be prepared based on projection of financial statements. ... According to Lemieux (2013), The various parameters that have taken into consideration for evaluation of the net income of the firms are the general, selling and administrative expenses, depreciation, regulatory expense, insurance costs of the company, rental charges to be paid for the establishment of the business, cost of advertising, utility bills, etc (Lemieux, 2013, p.39). These expenses are adjusted to the gross earnings to form the net earnings of the company. The net earnings of the company are important for the calculation of the net operating cash flows. The net operating cash flow has been forecasted to be 35500 pounds which is expected to increase gradually in the next two years. There are investment cash flows for firms which would involve cash outflows for purchase of fixed assets of the company and other capital expenditures. The cash out flows on account of investment activity of the business is valued at 16250 pounds. The investment activities are expected to increas e in the first three years as the business would focus on increasing their market share. The cash outflows due to financing activities would be due to the interest payment for the debt incurred from the bank and the interest paid to the creditors. The cash outflow for financing activities of the business would be 15650 pounds that is anticipated to increase in the next two years. The net cash flows for the business have been forecasted to be 3600 pounds which is expected to increase by 10% in the next two years as shown in Table 4 in the Appendix. Uses of the data The profit and loss statement and the balance sheet have been forecasted as a part of the business plan and have been presented in Table 2 and Table 3 respectively in the