International business law Assignment Example | Topics and Well Written Essays - 3000 words

International business law - Assignment Example Thus, cases with the intent of temporarily depriving the owner of his property rights constitute a criminal offense. According to the English legal system, this law is mainly used as an effective way of dealing with certain acts that are deemed to be against the prescribed norms in the society. The major objective is to punish those who are liable to such kind of crime. This is in line with the need to deter people from committing such crimes for the purpose of safeguarding peace and harmony in the society. According to Kleyn & Viljoen (2002), civil law is classified under private law which is one major difference between criminal law and civil law. Civil law mainly deals with legal relationships between parties involved. These subjects involved are more or less on the same position. Unlike in criminal law, the state is there to facilitate the delivery of justice in civil law. Common examples of cases involving civil law include tort law as well as family law whereby compensation is granted upon conviction of the offender unlike punishment in the case of criminal law (Kleyn & Viljoen 2002). This law is mainly used to settle disputes between subjects whereby it is the plaintiff against the defendant whereas it is the state that initiates prosecution against the defendant in a criminal case. 2. Common law in the English legal system was developed in the decisions that were made in other court cases and these were adopted as law in real terms (Du Plessis, 1999). This law is mainly used as reference to particular cases that may have a similar bearing on the case that will be tried in the court. Common law is the legal norm and plays a significant role in consolidating the validity of the law given that it was a result of cases that were tried in the courts of law and decisions were reached and agreed. With time, there are some kinds of behaviour by human beings which become unacceptable and in such instances, it becomes the role of the legislature to enact new offe nces that are considered as law (Kleyn & Viljoen 2002). In such an event, this kind of law is mainly regarded as statutory law whereby it can be noted that the legislature as well as the common law have greater roles to play in the English legal system. Though common law is the major source of law in the English legal system, it however, does not cover all the aspects of the law since there are new cases emerging by the day such as the environmental laws. It is the role of the legislature to make sure that all important aspects of this law are covered adequately. According to Du Plessis (1999), â€Å"English law is uncodified common law and the legislation primarily regulates matters of a more modern technical nature or else it amends, systematises, consolidates or supplements common law in areas where it is inadequate or ambiguous or where renewal is necessary,† (p. 36). From this argument, it can be observed that common law

Economics Assignment, The Market for Rhodium Essay

Economics Assignment, The Market for Rhodium - Essay Example Now if the prices remained same of palladium and rhodium, the demand for rhodium might increase at higher ratio than palladium because of the difference in the prices. Due to low demand of palladium, its price was decreased by the company which increased its demand. Due to increased demand for palladium, the demand for rhodium has fallen to large extent in the auto catalyst use. Because the demand for antipollution chemical has aroused only in the auto catalyst industry while the consumption of rhodium and palladium by other industries remained same. Now when the price of rhodium has fallen there is a big difference in the demand for rhodium in auto catalyst industry as compared to other industries. As auto catalyst is the major consuming unit of antipollution chemicals so demand has fallen for rhodium particularly in it due to increase in demand for palladium. Hence the trend of demand for rhodium has fallen. In the above diagram, DD is demand curve for year 2001 with demand 557 and price 1829.79 approx. D^D^ is the demand curve for year 2000 having average price of 2025.47 and demand 809. The difference between total demand has caused the price to move also. Ans.: The demand for rhodium as compared to palladium reduces in resulting of cross price elasticity. It shows that the price of palladium has been reduced by the company to reduce the pollution in the car exhausts. The greater demand of antipollution chemicals in the society enforces the company to reduce the price of palladium in order to increase its demand as compared to rhodium. The company decreases the price of palladium which greatly affects the demand and price of rhodium. Because of decreased prices of palladium, the demand for rhodium has also decreased which ultimately causes its price to be decreased. Hence due to the decrease in the price of palladium the price for rhodium has also decreased. Subsidization of industries can play an

Midterm Exam Essay Example | Topics and Well Written Essays - 1500 words - 2

Midterm Exam - Essay Example The heritage of Mesopotamian civilization consists of simple and elegant architectures that include temples where religious leader had a high position and carry out religious ceremonies. At a point in history, due to internal conflicts within the people of the region gave rise to some influential and powerful individuals, which turned out to be the rulers and their position, came under consideration as divine. The people believed that these divine rulers were the messengers of gods who has come under authorization by gods to rule over them. As the region was unprotected from the foreign invasions and attacks based on its topographical features, rich local men established a defense body to protect their land and people (Oakes, pp. 26-30). Egyptian civilization and the territory of Egypt came under situation around the river Nile. The river provided the region with natural security barrier, which protected the area and supported the irrigation and trade activities that were the basis of their economy. Due to the locality of the civilization, it provided them with tranquility and harmony in the region. The pyramids were one of the major parts of the rich heritage of the Egyptian society. In the religious context of the beliefs of the people of Egypt, pharaoh was the dominant figure that came under consideration to be ambassador of the gods with ultimate supremacy and command (Bell & Quie, pp. 6-8). Both the civilizations and cultures have many differences that separate them from each other in many aspects that include their political sector, art, and architecture, although they have played an influential role on one another, yet they are diverse and dissimilar. The language, which Mesopotamian people used to communicate, came under characterization by complex graphical and symbolic representation, whereas the Egyptian people developed the more creative language that

Trends of Transnational Companies

Trends of Transnational Companies In our todays world transnational companies (TNCs) play a crucial role in global economy as they are one of the biggest economic institutions. In this essay, I will give an explanation of what transnational company actually is, describe the main trends of TNCs activity and express my own opinion about transnational companies future and compare it with the view of other views. To begin with, let me define the term of transnational company. It is important to give a correct definition of word, because there are different categories of companies, doing business in another country, such as multinational and international companies. So, TNC is a commercial enterprise with a very complex organization, that operates huge facilities, has a business more than in one country and whose external assets cover from 25 to 30 or even more percent of all volume of a company. There are more ways to explain the meaning of this term, but we will stop on this one. The history of transnational companies begins in 1118, when the Order of Knights Templars was founded. It was not actually TNC, but some kind of financial centre. In the year of 1135 they started to develop banking industry all over other countries. Officially, East India company is regarded as the very first transnational company, which was established in 1600. Now lets move on to identifying the main trends and role of transnational companies in our contemporary world. They act as a driving force of key processes of modern global economy. TNCs determine structure, dynamics, level of marketability of goods and services, controlling international capital flows and direct foreign investments. Because of its productive and financial possibilities, transnational companies maintain hold of high-tech industries, advancing technological growth of this sphere. They are becoming a significant force in a world economy, as their wide range of functions, starting from industrial processes and ending up to operations in investment, financial and trade policy, allows them to play a role of international regulator of production and distributor of goods and services. The biggest TNCs have even established supremacy over world trade market and in leading fields of economy. Moreover, transnational companies transform world economy into an international manuf acturing, providing boost of technological advance in all directions quality of goods, efficiency of production, improvement of forms of management and directing enterprises. Number of TNCs is rapidly growing: in 1970 there were about 7300 TNCs, whole turn-round was $626 million a year. At the beginning of 1990s, their amount grew to 37000 with turn-round of $7 billion a year. Finally, in 2012 there are 82000 transnational companies with $30 trillion turn-round.[1] Such a growth can be explained by bunch of reasons. For example, competition between companies, forcing to decrease charges and at the same time increasing scales of producing and introducing new technologies, searching for a cheap labour power and new markets. Importance of TNCs in international meaning is increasing. Core of global economic system consists of about 100 transnational companies, which are controlling almost unlimited economic power and capturing two-thirds of international capital flows. Practically all the biggest TNCs, if they will be divided by national implement apply for so called ternary three economic centers of our planet USA, EU and Japan. But for a last few years there is a tendency of less developed countries to develop their own transnational companies all over the world. Sectorial division of TNCs is very diverse: 60% of companies specialise in manufacturing sphere, 37% in tertiary sector and only 3% in extractive industry and agriculture. Also, there are 77 million employed people involved in TNCs sphere worldwide. Â   In my opinion, transnational companies encourage growth of industry, change structure of national economy and improve position of states in international division of labour and global economic relations. There is misbelief, that as a result of international operations of TNCs, one country will gain a profit and other will lose. In real life it is possible, but there is a huge chance that both countries will be the winners of situation. One more advantage of transnational companies is that they speed-up research and development sphere, that is why TNCs have an immense financial resources. Moreover, they mainly control export of manufactured goods, which is usually concentrated by a few large TNCs. Such an export scheme is typical of household and electronic industry, pharmaceutic and chemical goods. However, there are a lot of opponents of transnational companies rule: anti-globalists, alter-globalists and ecologic organizations. Anti-globalists, despite of their unfriendliness to globalization, assume that TNCs monopolize national market and destroy state sovereignty. They label actions of transnational companies to occupy local markets as economic war against citizens. In many countries, such as Russia, China and Canada there is a law, restricting actions of TNCs. Alter-globalists are actually not against economic globalization and transnational companies as well, but until they reach a power, which can be compared with power of states. Finally, last but not the least, economic organizations. I can provide you with example: Greenpeace. TNCs have so huge productive assets, that they can endanger local ecologic situation. That is why a lot of producing units are being transported to Third World countries. Drawing up a conclusion, transnational companies showed their ability to break isolation of national economies, involving them into single process with world economic society. They serve as a source of transferring new technologies, spreading information about new products and as a result, change of social preferences occurs. References: https://www.globalpolicy.org/empire/47068-a-brief-history-of-transnational-corporations.html A Brief History of Transnational corporations http://moluch.ru/archive/56/7687/ http://www.economist.com/blogs/graphicdetail/2012/07/focus-1 [1] http://moluch.ru/archive/56/7687/

Bilingual Education in Public Schools Essay -- Bilingual Language Educ

Bilingual Education in Public Schools For the past thirty years in the State of California, bilingual education has been undertaken by all the public schools of the state. Under such system, children of non-American ethnic have had a special treatment in their early academic career. Children of minority groups have been thought various subjects in their native tongues. Such subjects are Math, History and some Science classes. The bilingual program presented the student a scholastic curriculum that simultaneously instructed students all the required classes while teaching them the English language. For such method, bilingual teachers were the focal point for the success of individual students of any class level. Prior to Proposition 227, California’s programs for immigrant students included English as a Second Language, in which students were taught the English language for part of the day, and bilingual education, in which students took classes taught in their native tongues until their English improved. The bilingual educational system was legally first introduced by Governor R. Reagan in 1967. Reagan as Governor of California signed a bill eliminating the state’s English-only instructional mandate and allowing bilingual education. Proposition 227, that has reformed the thirty year old bill, has taken affect on June 2, 1998. The proposition introduces a new way of teaching the English language to immigrant children. Such proposition is also called â€Å"English for the Children† or simply the Unz initiative after its author and chief financial backer, Ron K. Unz, a Silicon Valley millionaire and conservative Republican who has no children or background in education and has never set foot in a bilingual education class. â€Å"The Unz initiative calls for one year of courses taught in English, with an emphasis on learning the language; a system that many fear is a return to a past when children were sometimes punished for speaking Spanish, but that others say is a return to sanity† stated Don Terry in his article Bilingual Education Facing Toughest Test. In addition, one of the more controversial points of he plan involves a waiver system whereby parents who prefer â€Å"native-language† inst ruction for their children can request that the children be removed from the English-immersion classes. The request will be granted if they can find parents of twenty of more chil... ...achers thought I spoke Spanish. I found the English language somewhat easy to learn, moreover, I have to thank many of the English-speaking friends that I made back then to teach me the slang and spent time with me outside school. Mathematics and Economics were easy for me, I can say with confidence that I had one of the highest grades in comparison to my English-speaking classmates. The main problems that I had were the communication skills, both writing and speaking English proved to be the greatest challenge for me during that year. My need to communicate with others drove my incentive to master the language, within the first two years; many of my friends were surprised how well my English was. Despite the foreign accent, they had all agreed that my English was very efficient. As an overall, I appreciate the year spent in High School learning the language, I believe that all new immigrant student should attend such classes. They have made a very positive impact in my life. In conclusion, I believe that all races should master the English language as quick as possible, for it is the essence of social integration that can lead to one success or failure of the â€Å"American Dream†.

Direct Labor-Hours Results

Shaving 5% off the estimated direct labor hours in the base for the predetermined overhead rate will falsely  produce a  high overhead rate, which will result in over applied overhead. Thus, inflating the cost of goods sold until year end, and overstating the inventories. The over applied overhead will be recognized at year end by closing it to cost of goods sold. The adjustment for the over applied overhead will result in a big boost in net operating income at year end. Understating direct labor-hours results in artificially inflating the overhead rate, which will likely result in overapplied overhead for the year. Shaving 5% off the estimated direct labor-hours in the predetermined overhead rate will result in an artificially high overhead rate, which is likely to result in overapplied overhead for the year. The cumulative effect of overapplying the overhead throughout the year is all recognized in December when the balance in the Manufacturing Overhead account is closed out to Cost of Goods Sold. If the balance were closed out every month or every quarter, this effect would be dissipated over the course of the year. First, the practice of understating direct labor-hours results in artificially inflating the overhead rate. This has the effect of inflating the cost of goods sold figures in all months prior to December and overstating the costs of inventories. In December, the adjustment for overapplied overhead provides a big boost to net operating income. Therefore, the practice results in distortions in the pattern of net operating income over the year. In addition, since all of the adjustment is taken to Cost of Goods Sold, inventories are still overstated at year-end. This means that retained earnings is also overstated.

Summer Writing Assignment †College Essay

Among all the characters that I have encountered in books and movies, one persona stood out as the one I want to emulate the most. He went by the name Equality 7-2521 from the novel entitled â€Å"Anthem† by Ayn Rand. He appealed me the moment I read the book because he embodied what I am striving to be.His personality was the quintessence of the qualities I needed to be successful. When I read the book, I was utterly impressed by his determination, intelligence, and more importantly, his perseverance as an individual. He has a significant influence on me and I find him a great source of inspiration to struggle harder in the complexities of life.It was during my sophomore year that I read the book â€Å"Anthem.† At that time, I was in a predicament over whether I should concentrate on schooling or finding a part-time job.The reason why I had such qualms was that even I made endeavors to complete my school works properly and attempted to attain high scores, my poor Engli sh proficiency derailed my plans. I was discouraged by the inconsistency of my efforts and grades printed in my report card.The course of things changed when I read â€Å"Anthem.† I was impressed by the characteristics of Equality 7-2521, the protagonist in the novel. The story was set in a fictional world which was dominated by collectivism. Equality 7-2521, who was seeking for self-identification, struggled in a society that rejected individualism in favor of collectivism.Equality 7-2521 discovered a tunnel where he began hiding regularly to conduct scientific experiments. Later on, he invented the light bulb and decided to share his device with the World Council of Scholars, even though he knew the way he came to discover electricity was illegal and sinful. Subsequently, Equality 7-2521's presentation of the light bulb to the World Council of Scholars permanently severed him from society and forced him out on his own.The reason that the World Council of Scholars made this decision was that collectivism does not allow people to think or work individually but jointly. As a result, Equality 7-2521 was exiled yet he did not stop pursuing his goal. He kept studying in the woods and eventually discovered the meaning of individualism and the word â€Å"I.†As I read the book thoroughly, I realized the qualities that I must possess in order to achieve my ambitions. Equality 7-2521 had a worse situation than mine, but by the virtue of his positive attributes, he successfully pulled off his discovery. He believed in individualism and rejected the collectivist society around him. He was insightful, perseverant, truth-seeking, resolute, and intelligent. He was deeply curious and desired freedom to explore and think, and he was unafraid of the society of mindless drones around him.Equality 7-2521 represented the superiority of a singular intellect to the homogeneity of the masses, who could not think of themselves and were indistinguishable from one another . I plan to get a high score as well. I believe I could reach my aspirations if I exemplify the qualities that Equality 7-2521 had. The strong and firm character Equality 7-2521 held inspired me every time I face a dilemma in real life.Equality 7-2521’s story assured me that nothing is impossible and that I can succeed too even in my simple but unrelenting ways. Along this line, I should stay focused on my work and studies, and possibly make a significant improvement in the coming marking period.He had a tremendous impact on my personality, not only in my study habits, but also in the determination to confront difficulties. Whoever and whatever I am now, I owe it for the most part to Equality 7-2521 for transforming me to the kind of person I never imagined I could ever be. Life indeed is like a roller coaster with ups and downs to render it more interesting and breathtaking. And above all, what is of the essence is that Equality 7-2521 indirectly made me complete and unexpec tedly happy as well.