Advocation for Legalizing Recreational Marijuana - 1332 Words

Pro Legalizing Recreational Marijuana A controversial topic often being advocated for by sitting governors is whether the legalization of marijuana is more beneficial or harmful to the economy. Marijuana, also known as weed, is a mixture of the dried and shredded leaves, stems, seeds, and flowers of the cannabis sativa plant. It’s the most widely used illegal drug in the United States, even though studies have shown results that the benefits of using marijuana for medicinal or recreational reasons far outweigh the negative matters that may be associated with its use. While marijuana is still a controlled substance under federal law, thirteen U.S. states currently have compassionate use laws in place, which allow for regulated medical marijuana use. By legalizing marijuana, the government is helping the economy by reaping medical and financial benefits, not only at the state level, but also at the federal level. Taking into account the numerous studies done with marijuana on whether it is for recreational use or medical purposes, the government cannot go wrong in legalizing marijuana because of such an impact it will have. Marijuana should be legalized for recreational purposes because it will help society economically and socially. Many misconceptions are associated with the illegal drug of marijuana including its composition and the possible harmful effects that come with it. Marijuana is also referred to as Cannabis, which is the botanical term. The product of marijuana

Essay about Texas Gulf Sulphur Case Study - 690 Words

Case Study #1 #1- Did any of the following individuals in Texas Gulf Sulphur violate civil or criminal law by breaching a Fiduciary duty or engaging in insider trading: Drake: A geologist and junior member of the exploration group who was authorized with confidential information. Although Stephens made it clear that the information about the Canadian Shield should be kept within the selected group of employees, Drake desecrated a Civil Law, the Security Law; and became an inside trader by making Investment decisions based on information that the general public was not aware of.†¦show more content†¦Huntington: He was the corporate attorney of TGS. You would think that as an attorney he knows that his job is to look for the benefits of the company. As like the president the attorney can’t do anything that’s against the interest of the company. Huntington has never before bought calls on any stock, but knowing that what he was doing was against the law, he still went ahead and bought 100 shares of TGS stock. Huntington was involved in insider trading. #2- What is your assessment of the Texas Gulf Sulphur press release of April 12? My assessment on the Texas Gulf Sulphur press release of April 12 was that due to the rumors that â€Å"a major ore strike is I the making,† and the unauthorized report being published, there was an actual press release. In my opinion, if it wasn’t because of all the rumors Stephens, Fogarty, and Huntington wouldn’t have agreed to have a press release, which was only held to stop the rumors and give false information to the world on their discovery. #3- Did Martha Stewart engage in insider trading? If so, by what theory? 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Macroeconomics questions Free Essays

ATT it represents savings because the check wasn’t being spent on consumption goods. ) Your roommate earning $100 and depositing it into her bank account also represents saving because the money wasn’t spent on consumption goods. D) Borrowing $1000 from the bank to buy a car to use in your pizza delivery business represents Investment because the car Is a capital good. We will write a custom essay sample on Macroeconomics questions or any similar topic only for you Order Now Page 295 Question 2: a) People get the benefit from the market of insurance not to eliminate the risks but to spread them around more efficiently. ) Two problems that impede insurance companies from working perfectly and their ability to spread risk are adverse election and moral hazard. Adverse selection is when a high-risk person is more likely to apply for insurance than a low-risk person because a high-risk person would benefit more from insurance protection. Moral Hazard is how after people buy insurance, they have less incentive to be careful about their risky behavior because the insurance company will cover much of the resulting losses. Page 295 Question 5: Determine the companies sales revenue and number of stocks, and looking at the potential growth or weaknesses that may be facing the company. Health insurance could be an adverse selection because if it’s a person who has more health problems than the average healthy person they would benefit more from the insurance protection. A moral hazard for health insurance would be if after people got health insurance they stopped taking care of their health as well because they know they can fall back on the insurance. Car insurance could be an adverse selection if a person has an unsafe car or a record of bad driving they would be at higher-risk and benefit more from insurance protection. People who Just get car insurance could be a moral hazard because they know the insurance will cover a majority of their losses so they will stop driving as carefully. Chapter 1 5 Questions Page 318 Question 3: a) Frictional unemployment results because it takes time for workers to search for the jobs that best suit their tastes and skills. Frictional unemployment is inevitable because frictional employment is often the result of changes in the demand for labor among different firms. There could also be changes in the composition of demand among industries or regions called secular shifts that cause temporary employment while workers are in transition to search for Jobs in new sectors. Simply put, frictional unemployment is inevitable because the economy is always changing. People also leave there Jobs to search for Jobs that better suit their skills which also causes some frictional unemployment. ) If the government wanted to reduce frictional unemployment they could have skills development seminars in order to ease the transition of workers from declining to growing industries. They could also have employment agencies to match the unemployed labor to Jobs that match their skill set. Page 318 Question 7: A firm could increase its profits by raising the wages it pays because better paid workers are healthier and more pr oductive, worker turnover is reduced, the firm can attract higher quality workers and worker effort is increased. Age 319 Question 7: a) If manufacturing workers formed a union, I would predict that the wage would rise and the quantity of labor demanded would decrease. Because the wage is higher, the quantity of labor supplied would increase, so there are unemployed workers in the unionized manufacturing sector. B) When the workers become unemployed in the manufacturing sector they will seek employment in the service labor market. The result of a larger supply of labor results in a lower wage in the unionized service sector and an increase in employment. Chapter 16 Questions Page 345 question 2: Intrinsic value means that the item would have value even if it were not used as money such as gold. Fiat money is money without intrinsic value that is used as money because of government decree. The paper dollars that we use are fiat money, each dollar reads, â€Å"This note is legal tender for all debts, public and private. Page 345 Question 9: Reserve requirements are regulations on the minimum amount of reserves that banks must hold against deposit. When the Fed raises reserve requirements there are less loans mad and the overall money supply shrinks. Page 346 problem 7: You would use the money multiplier which is 1/. 05 so 20. The maximum expansion of the money supply that occurs when the deposit that is made is 20 times the initial deposit which means we get 40,000 in money supply for the $2000 in cookie Jar money. If one creates more it expands the supply by the money created. How to cite Macroeconomics questions, Papers Macroeconomics questions Free Essays If business cycles are inevitable, what is the purpose of keeping track of different stages? It has been said that an economist recognizes three certainties in life: death, taxes and the business cycle. Throughout mankind’s existence, the cycle manifested itself in periods of growth followed by phases of contraction. Understanding the various phases of the cycle is important to a business in order to avoid economic bubbles and also maximize returns. We will write a custom essay sample on Macroeconomics questions or any similar topic only for you Order Now History has proven many times that big and small businesses who do not take into account the business cycle usually get run over. Studying the different phases of the business cycle – recession, recovery, growth, and decline -is critical as each phase requires a different business strategy. Identifying the beginning and ending of each phase and what to expect in between can allow a company to align its strategies, tactics, and operations to reflect changing business conditions. While there is no definite formula that will apply to all companies, the general approach is to focus on a company’s strengths and core competencies and at the same time focus on stronger planning practices. Quick-thinking investors who recognize the different phases of the market cycle are able to take advantage of them to profit. They are also less likely to be deceived into trading at the worst possible time. The stock market crash of October 1987 reduced the wealth of the average American Household. How did this event impact the aggregate demand? The stock market mobilizes domestic resources and channels them to productive investment as such it is an important source for companies to raise money. The stock market has a significant relationship with the economy. On one hand it serves as the leading indicator of the economic activity in the country, on the other it has potential impact on aggregate demand, particularly through aggregate consumption and investment. The stock market crash of October 19, 1987 (known as Black Monday) recorded a US$1 trillion slash off the value of the stock market resulting in the reduction in American aggregate demand. Though not as catastrophic as the crash of 1929 because of the quick and decisive steps taken by the government, the 1987 crash affected consumer purchases of durable goods leading to a decline in business investment. As household income took a hit, consumer spending rattled. This led to a decline in overall demand. The crisis caused uncertainty about future income, which led consumers and firms to put off purchases of durable goods. What is the reason for the Aggregate Demand curve to have a downward shape? Aggregate demand is the economy-wide demand for goods and services. The aggregate demand curve slopes downward because of the following: Wealth Effect: A decrease in the price level encourages consumers to spend more. Thus the increase in spending causes an increase in the quantity of goods and services demanded. Interest-Rate Effect: A lower price level reduces the interest rate and encourages greater spending on investments, and increasing the quantity of goods and services demanded. If the price level falls, households may deposit excess money into an interest bearing savings account driving down the interest rate and encouraging firms to borrow and invest in equipment and factories, which leads to an increase in the quantity of goods and services demanded. Exchange Rate Effect: As price levels and interest rates fall, the real exchange rate depreciates. This depreciation impacts net export thus increasing the quantity of goods and services demanded. How can an economy eliminate cyclical unemployment? Cyclical unemployment is unemployment caused by the business cycle – that is a general downturn or lack of demand in the economy (a recession). The solution to eliminating or reducing cyclical unemployment is to increase aggregate demand through demand management policies which are designed to stabilize the economy by changing aggregate demand. The most noted demand-management policies are fiscal and monetary. What events in the economy can contribute to the change in the consumer confidence level? Consumer confidence levels are generally influenced by the following: Expectations of future income and employment The current level of interest rates and future interest rate expectations Trends in unemployment and changes in perceived job security Anticipated changes in government taxation Changes in household wealth What are the participants of the Aggregate Demand Curve? The participants are consumers or households; business firms; the government; and, the rest of the world. References Lutz G. (2002). Business Cycle Theory. Oxford University Press Boyes, W., Melvin M. (2007). Economics, 7th Edition.Houghton Mifflin Company Arnold, Lutz G. Business Cycle Theory. Oxford University Press, 2002. Remembering the Crash of 87 (2007). The CNBC Archives, Retrieved October 30, 2007 from the World Wide Web: http://www.cnbc.com/id/20910471 Bozzo, A. (2007). Tale of The Tape: The Crashes of 1987 And 1929. The CNBC Archives, Retrieved October 30, 2007 from the World Wide Web: http://www.cnbc.com/id/21191480 Macroeconomic Unemployment Explained (2007). EconGuru Economics Guide, Retrieved October 30, 2007 from the World Wide Web:   http://www.econguru.com/macroeconomic-unemployment-explained/    How to cite Macroeconomics questions, Essay examples

Cross-Cultural Management Universal Business Context

Question: Discuss about theCross-Cultural Managementfor Universal Business Context. Answer: Introduction Cross-cultural management can be defined as the practice in which work is managed by teams in such a way which considers the alterations in the cultures, preferences and the practices of the customer in the worldwide or universal business context. Competing for the levels in their fields most of the businesses have to learn to modify or adapt their approach where they dont confine to the physical geography with the transaction online which are more common in the business and various other situations. In the past, most of the years in the international business dealings, the intercultural interactions have mostly increased in their importance as the number of people where having access to the widest range of markets with the newly developed technology. Not only the wireless technology has made the world smaller by making the transaction faster across the entire nation, but also the travel has become much faster and very easy that all the people should know how to have an interaction with people of different cultural context. Mainly businesses along with other professions have to include the management of cross culture in their training or the curriculum as there is a need. For example, if planning to work with various cultural situations either at home or abroad, you need to have a communication in an effective manner so that misunderstandings can be prevented and one can show respect to those people with whomsoever they are willing to work. In any kind of profession communication is the main criteria which hold the value, as it has become essential in any kind of field so learn to communicate among various cultural contexts and the situations How Ready you are for a Future Where more and more Activity Involves Multiple Cultures. The multicultural environment exists in the organization because there would be the collaboration of two or more organizations in which members various cultures are involved. All these members are more likely to be from different cultural background and also their orientations differ. For instance, if I belong to Singaoore, then my cultural background would resemble that of an Singaoore. So, according to that basis, I would act and execute the actions as per the situation. If a workplace is being in collaborations between various organizations then they would also combine the different cultures. If at all the organization in which Im carrying out my employment has merged with the other organization, then arises the situation where I need to work with the members of the adopted organization as well as the colleagues from the current organization so there would be the cocktail of cultures involved in them. This would be the difficult situation to get adjusted. While making the commitment they bonded the relations for a long duration of time with each other. In such a situation, there are various issues that come into the picture where the organization should mainly focus upon. As an employee in the organization, Im in the process of development. In this organization they would give the values to the collaborators and provide them with mutual respect and the level of trust would be higher by valuing the differences that are present in the environment of both the organizations. By enhancing the leadership qualities potentials one can have the correct view over the multiple cultures of the organization which can be obtained from the development of the career of the employees. It can be correlated in such a way that if the leadership qualities are enhanced the employee engagement will improve which in turn will increase the productivity of the organization. Mentoring provided through the managers and other officials also would play a major role in the development of a multicultural environment as it would create the trustworthy environment in the premises. Sharing of knowledge between the members of the organization will be one of the best scenarios where the multicultural environment can be handled easily. As this creates the appropriate interaction between the people in the company where they can have a view on various cultures involved and the learning would be fast. How is UCD Doing in Helping Prepare you for a Future where Different Cultures have Different Ideas of Corporate Social Responsibility and Ethics? The UCD in the expanded form known as the University of Dublin located in Singapore is involved in helping the students get prepared with respect to the market culture that is a mixture of all. As a part of this process the university is being incorporated into different kinds of activities which would help them in developing the strategies for the business in a better way. For performing the strategic social function the university is over with the corporate social responsibility. According to my view, the CSR known as Corporate social responsibility is found to be in the place of the organization public policy which is related to the corporate policy. The ethics of the organization and the diversity in the corporate governance are included under the corporate social responsibility. Within the organization itself the legal and the regulatory concerns, are provided by the University of Dublin of Singapore along with the social interactions. CSR is noticed to be such a factor which is known to cover the every possibility requirement of the organization. By following the globalization, philanthropy and the triple bottom line the CSR is known to deal with the business ethics. By this, it can be strongly said that the social and moral responsibilities can be dealt by the CSR which provides greater support in preventing the issues that occur in the workplace with regards to the operations of an organization. Conclusion There are various literature which have been discussing the cross-cultural management and also the complexity that has been increasing in the business environment globally has been referred. The modern ethics that have been included in the business domain are the expansion of the business and its sustainability. These both terms are said to be interrelated with each other as the employees who are working in the environment of multiple cultures will know the strategies of sustainability along with the productive expansion of business. In the business context, corporate social responsibility has been the trustworthy edition and the implication that are under the CSR for the social welfare of the business and its sustainability would contribute for the development of the competencies of the individuals in the future.