Explaining the Goal of Financial Management and the Role of Ethics Essay Example for Free

Explaining the Goal of Financial Management and the Role of Ethics Essay It has always been the goal of the financial managers to maximize the wealth of the shareholders of the firm. That is to say, we maximize the potential benefits that the firm’s stakeholders get by increasing the value of the firm in which these shareholders have taken the risk of investing to. According to Ingram (1992), the worth of a company is dependent on the capacity of the assets to produce cash flows over a period of time. This means that if the firm is able to generate a positive net cash flow including a reasonable dividend to its owners, then it said that value is created. Firms face two kinds of profits. They are accounting profits and economic profits. Maximizing accounting profits normally refers to the general corporate goal of maximizing profits as maximizing economic profits generally refers to maximizing the shareholder’s wealth. Ingram (1992) has distinguished them by defining accounting profits as the income accumulated after the overall cost is deducted from the overall revenue before the payment to shareholders is considered and economic profits as the income accumulated after compensating for the factors of production such as capital, labor and others. Moreover, she differentiated the two by saying that accounting profit does not consider all the factors of production as economic profit does and that it also does not consider compensating the shareholders for taking the risk in investing in the firm. Maximizing wealth does not consequently mean that the firm has to face an unethical decision making. It is still up to the firm as to how it will perform this task. As according to Goizueta (1997), everyone in the company would be better of if it plans for a long-term goal rather than a short-term goal. Through this, the firm can still plan on how it will maximize the wealth and at the same time be consistent with ethical standards.

Understanding French Opposition :: Economics Diplomats War in Iraq France Essays

Understanding French Opposition This essay examines the nature of French opposition to the US-led war in Iraq. In recent months this opposition has reinforced many of the negative stereotypes Americans associate with Frenchmen, and boycotts of French wines and â€Å"French† fries are now commonplace in the United States. However, writing the French off as â€Å"cowards† or â€Å"appeasers† is not only misguided but also fails to consider the complex nature of French opposition. Although inextricably linked, the opposition put forth by the French people is not the same as the opposition directed by the French government. Nonetheless, French President Jacques Chirac and other Gaullist politicians have used the popular opposition to further and justify their own agenda. While the apprehensions of the French people are largely understandable—as their attitudes are a reflection of their tumultuous and bloody past, the motivations behind France’s political actors are not so obvious and are founded in the economic realities and diplomatic-power struggles of the twenty-first century. Despite what some Americans may argue, the French are not fundamentally opposed to war. In fact France’s readiness to use ground support in both Kosovo and Bosnia outweighed that of the United States. Consequently, in October of 2001, nearly a month after September 11th, France’s popular backing of the US-led military campaign in Afghanistan was seventy-three percent in favor—the highest among Europe’s largest states. The French recognized the security threat posed by al Qaeda and the Taliban and clearly saw the connection between September 11th and the al Qaeda masterminds. Their support ran afoul only when the US tried connecting the dots between September 11th and Iraq. To say the French are opposed to war or are against fighting terrorism is both inaccurate and inflammatory. The French know first hand the implications of Islamic jihad-driven terrorism, as they have been the target of more terrorist attacks than any other European nation during t he last century. The scars of French colonialism in North Africa—particularly in Algeria—are still raw in the minds of many Muslims, and it is this resentment and antipathy that the French fear as the US wages a war in Iraq. The French worry that the short-term military and strategic victories made in Iraq will only breed more contempt and mistrust toward the US—the very â€Å"terrorist roots† that the US is aiming to destroy.

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Service organization and with reference to published case studies and any other relevant articles (such as from magazines, newspapers, and industrial reports), critically analyse the failures of service performance that were committed. Using the service quality gap model, identify the possible reason or reasons leading to such failures and give recommendations on how these failures can be minimised. You are also require to evaluate the usefulness of the service quality gap model as a tool in helping managers to effectively deliver value to their customers in comparison with other frameworks learnt in class.Question 2: Value Chain Process Select ONE (1) company from the manufacturing industry andusing the value chain analysis, critically analyse the salient aactivity or activities that help the chosen companies to achieve competitive advantage in creating and delivering customer value. Then analyse how the aactivity or activities that are responsible in providing the companies with co mpetitive advantage in creating and delivering customer value can affect and are dependent on other activities within the value chain.Support your answer with reference to case studies, articles and information of the chosen companies’ operation and strategic practice. Your answer should also be supported by diagrams of value chain that can effectively illustrate the specific activities of the chosen companies. Avoid using a generic value chain diagram. requirement The assignment must adhere to standard academic documentation standards. (Failure to do so will result in loss of marks in the Format, Citations and References criterion. ) * You are to write the citations and references following the Harvard System. You are required to use Times New Roman as the font type and 12 pts as the font size. * Vertical/line spacing should be 1. 5line spacing

The Law Is Made Under The First Amendment Of The United...

I. Introduction In modern American society, there is little thought in how and why the laws came to be. There is a natural assumption that the laws were made to protect the people and society. The law is made under the First Amendment of the Constitution of the United States which give the right to the people to seek its government for redress of any grievances. Utilizing this right, it gives rise to new laws to be enacted and old laws to be amended or repealed, in the ever developing society. As the American society progresses, we become more acceptant to compromise our core values. The value of speaking and writing has been reduced to redundant, ambiguous and vague, incomplete thoughts. Our mannerisms are guised and restricted to â€Å"fit the occasion† and are hardly rendered otherwise. And our due diligence to prove and maintain our status in our sexual encounters are becoming a requirement to endure in our daily lives, regardless of age. Consequently, Americans and its society are evidently hypersexualized, accurately stated within the book Sexidemic: A Cultural History of Sex in America (Lawrence R. Samuel), â€Å"[t]o say that sex plays a major role in everyday life in America would be an understatement (particularly because it is the source of life itself). Sexuality is a mainstay of American popular and consumer culture; the adage â€Å"sex sells† is taken to heart by marketers of all kinds†¦ Recreation too is heavily steeped in sex, with millions of us spending inordinateShow MoreRelatedCase Analysis : Schenck V. United States852 Words   |  4 PagesShivani Patel Case Brief Schenck V. United States 1. Case Title: The title of the case is Schenck V. United States; it took place in 1919. The plaintiff is the United States and the defendant is Charles Schenck. 2. The law: This case involves the Espionage Act and the first amendment. 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