Debt and Equity Financing - Advantages and Disadvantages Research Paper

Debt and Equity Financing - Advantages and Disadvantages - Research Paper Example It is of great significance that the ratios must be benchmarked against a standard in order for them to possess a meaning. Keeping that into account, the comparison is usually conducted between companies portraying same business and financial risks, between industries and different time periods of the same company. The company under consideration is Marvel Toys, and in this report the analysis of the financial performance of the company over the last seven years has been conducted in order to draw attention to various financial trends and significant changes over the period. The analysis is divided into three main categories: namely Profitability, Liquidity and Gearing. Profitability ratios identify how efficiently and effectively a company is utilizing its resources and how successful it has been in generating a desired rate of return for its shareholders and investors. Liquidity ratios measure the ability of the company to quickly convert its asset into liquid cash to settle its sh ort term liabilities. Whereas, the Gearing ratios identifies the extent to which the company is financed through debt and to what degree the operations are being conducted from the finance raised through raising equity capital or otherwise2. Following ratios have been used in order to evaluate the financial outlook of the company: Current ratio Acid-test (quick) ratio Collection period Inventory turnover Debt to total asset ratio Times interest earned Return on assets Return on Equity Fixed Asset turnover Total Asset turnover Gross Profit margin Net Profit Margin The profitability ratios of the company appear to be stable, but the company is facing liquidity problem as apparent from the ratios. Also, the company has more than 50% of its assets financed through debt. But the company has great earning potential based on which it has been decided to sanction the long term loan facility to the company. Answer to part A Financial Analysis Profitability Ratios    2011 2010 2009    Pro fitability Ratios Gross profit margin 20.18% 19.23% 20.14% Net profit margin 6.88% 6.15% 7.50% ROE 11.68% 12.20% 35.71% ROA 4.50% 4.36% 7.03% Fixed Asset Turnover (times) 2.04 2.27 2.53 Total Asset Turnover (times) 1.27 1.35 1.57 Gross profit margin is an analyzing tool which assists in identifying how effectively and efficiently the company is utilizing its raw materials, variable cost related to labor and fixed costs, such as rent and depreciation of property plant and equipment3. The ratio is calculated by dividing the sales revenue by the gross profit. The gross profit margin of the company was quite stable in the financial year 2009, but moving forward in the financial year 2010, the ratio has seemed to decline a bit. The decline in the ratio was primarily due to the decrease in the net sales of the company by 9% which caused the gross profit margin to decrease by around 0.91%. But the ratio appeared to show an inclining trend again the financial year 2011 as the company was ab le to curtail and manage its cost of sales although the quantum of its sales

Scheduling Operations Management Essay Example | Topics and Well Written Essays - 500 words

Scheduling Operations Management - Essay Example Equipment, labor, and space must also be the resources scheduled for a university. A university must make sure it has enough instructors to teach all of the classes that have been scheduled, enough regular staff members to address the needs of the students who will be attending, and enough space to house the administration portion of the university as well as to hold all of the scheduled classes (even those with disabled students who need special accommodations). Typically, universities have two main networks of equipment that will need to be properly maintained by an in-house staff: administrative and classroom. Students will need computers, desks, or other workstations. Staff will need enough of the proper equipment to teach their courses effectively, including computers, projectors, smart boards, and the like. The types of resources that need to be scheduled for movie making include equipment, labor, and space. The equipment for movie making is various and ranges from cameras all the way to the equipment associated with temporary living accommodations on the filming scene. The labor includes directors, actors, extras, and regular staff members.

The Oppressed Female in Charlotte Brontes Jane Eyre Essay -- Jane Eyr

The Oppressed Female in Charlotte Bronte's Jane Eyre   Ã‚  Ã‚  Ã‚   In Jane Eyre, Charlotte Brontà « clearly demonstrates the relationship between sexuality and morality in Victorian society through the character of Bertha Mason, the daughter of a West Indian planter and Rochester's first wife. Rochester recklessly married Bertha in his youth, and when it was discovered shortly after the marriage that Bertha was sexually promiscuous, Rochester locked her away. Bertha is called a "maniac" and is characterized as insane. Confining Bertha for her display of excess passion reinforces a prevalent theme in Jane Eyre, that of oppressive sexual Victorian values. Bertha's captivity metaphorically speaks on the male-dominated Victorian society in which women are inferior and scorned for acts of nonconformism.    For the first half of Jane Eyre, Bertha is only known to the reader through her nearly phantasmal presence&emdash;the peculiar laugh, and the mysterious incident in which Rochester's bed was lit on fire. Only after the foiled wedding of Rochester and Jane, in which Mr. Briggs and Mr. Mason appear unexpectedly declaring that the wedding should not proceed, does Rochester explain to Jane that he has a living wife detained on the third floor of Thornfield Hall. "He lifted the hangings from the wall, uncovering the second door: this, too, he opened" (327). "In a room without a window" Bertha is found living as a wild animal sequestered from everyone but her caretaker Grace Poole. Like a ferocious beast, she is even tied down and bound.    Throughout the novel there are similar images of the restrained female, an example being Jane's detention in the "red-room" at Gateshead Hall. Both Jane and Bertha were ... ...otypical woman of the Victorian era who courteously and obediently allowed herself to be dominated by males. Through the depictions of the incarcerated female, Brontà « speaks on the ills of an unjust society. Brontà «'s representation of Bertha as a wild, chained, and trapped animal and the symbolic use of fire reflect the difficulties women had in expressing their sexuality in an era in which men dominated and in which women played the role of the obedient, confined, and inferior being.    Works Cited and Consulted: Brontà «, Charlotte.   Jane Eyre.   New York, Penguin Books, 1997. Gates, Barbara Timm, ed. Critical Essays on Charlotte Bronte. Boston: G. K. Hall, 1990. Okin, Susan Moller.   Justice, Gender and the Family.   United States of America: Basic Books, 1989. Wollstonecraft, Mary.   The Rights of Women.   Everyman's Library Edition.   

Nanking

The signing of the Nanking treaty proved to be an important catalyst in the eventual shift of ideas and principles concerning colonialism. Such document proved to be the instigator for the change in political ideals that affected countries in East Asia in their view of Western powers. In the end, the image of these legal codes served as an instrument in creating and paving for colonialism in East Asia. It can be argued that there has been an evolution of ideas when the Nanking Treaty was signed. This was evident not only among Western ideals but also among countries in East Asia as well (Japan). One thing that can be argued here is the creation of these legal documents to promote the exploitation of natural resources which is brought about by one factor – colonialism. Here we see the creation of colonial knowledge’s that served as an instigator to promote colonialism, particularly in East Asia. Wagoner (2003) says that colonial knowledge is â€Å"forms and bodies of knowledge that enabled European colonizers to achieve domination over their colonized subjects around the globe.† One such example is legal codes inscribed in every treaty that gives privileges to states to practice such concept. The Nanking Treaty serves as one component in legitimizing the practice of colonialism in China. There are several provisions in the treaty that exhibits such idea and creates the grounds for exploitation. Treaty of Nanking (1842) provides that â€Å"it being obviously necessary and desirable that British subjects should have some port whereat they may [maintain] and refit their ships when required, and keep stores for that purpose.† Such idea raises the question of equality of application in the mentioned treaty. Looking at it, there seems to be an evident discrepancy in the area of equality as far as the treaty is concerned. The mentioned treaty provides more benefits to the winning side (Great Britain) and penalties for the losing faction (China). Treaty of Nanking (1842) says that â€Å"His Majesty the Emperor of China cedes to Her Majesty the Queen of Great Britain, &c., the Island of Hong-Kong, to be possessed in perpetuity by Her Britannic Majesty,† This created a different perspective in the political environment especially in China. Prior to the Opium wars and signing of the Nanking Treaty, Chinese status in the realm of World Politics was regarded to be of high regard. After the defeat from the British, Chinese grasp slowly diminished as it lost control over certain privileges enjoyed by the state. It is through this, that other Western states also used such weakness for their personal gains. Bond (2007) mentions that â€Å"Sensing blood France, Russia and the United States all piled in with similar treaties granting similar access.† Such legal codes proved to be an instrument for inequalities and semi-colonial relationships. Realizing its extent, it can be argued that such event created a shift in the societal level as people and other traits begin to exhibit traits comparable to their colonizers. Wagoner (2003) says that â€Å"indigenous intellectuals in reality contributed actively to the process, and that colonial knowledge was thus produced through a complex form of collaboration between colonizers and colonized, and an attendant process of epistemic confrontation and adjustment between European and indigenous knowledge systems.† Though such treaty may promote ‘equality before the law’, realistically it showcases a different treatment among Chinese counterparts. Treaty of Nanking (1842) stipulates â€Å"Her Majesty the Queen of Great Britain, &c., will appoint Superintendents, or Consular officers, to reside at each of the above-named cities or towns, to be the medium of communication between the Chinese authorities and the said merchants, and to see that the just duties and other dues of the Chinese Government,† Lastly, such issue created a justification for other rising powers to exhibit the same ideology promoted by Western States as far as colonialism is concerned. Japan, for one, evolved from its isolationist ways and started to practice and exhibit the colonialist ideals. To conclude, the Nanking Treaty proved to be a catalyst for political and economic changes in East Asia. These legal codes provided the justification for colonialism and exploitation as it greatly affected the way other states both in East Asia and the West perceive China. Work Cited Bond, David. Silk Road or Silver Road. 2007. accessed March 14, 2008 Wagoner, Philip B. Precolonial Intellectuals and the Production of Colonial Knowledge in ‘Comparative Studies in Society and History 2003 45 (UK; Cambridge University Press) pp.783-814 ‘Treaty of Nanking’ 1842 accessed March 14, 2008 from

Ethical Issues in Social Psychological Research - 6240 Words

Running head: ETHICS IN RESEARCH Ethical Issues in Social Psychological Research Social psychological research has been conducted in response to many social concerns. Over the years the focus of research has changed greatly depending on the needs of society. However the main purpose has remained constant, which is to contribute to understanding individual thoughts, feelings, and behaviour in light of a broader social context. Social psychological research is done with both humans and animals. Therefore, researchers must adhere to certain codes of conduct in order to ensure that the participants are protected and not harmed in any way. The Canadian Psychological Association (CPA) (2000) has come up with four ethical principles†¦show more content†¦Moreover, psychologists have a greater responsibility to caring for members of society than do members of society have among themselves. Last but not least, psychologists have the responsibility of protecting their own moral rights. Principle II: Responsible Caring Psychologists are concerned for the benefitting and not harming those involved under their care. In addition, psychologists are required to pay special attention to the well fare of those who are most vulnerable or directly involved under their care. Obtaining informed consent is one way of guarantying that a persons well fare is protected. Psychologists are required to assess the potential harm and benefit and to continue only if the benefits prevail over the harm. In this case it is the psychologist’s responsibility to take all measures to decrease the harm and increase the benefits, as well as take all measures to correct any harmful effects. This requires that psychologists acknowledge the need for competence and self-knowledge. Therefore, psychologists only perform procedures that they are competent with and have or obtain sufficient knowledge. In addition psychologists engage in self-reflection so that they can differentiate between thei r own values and those persons involved under their care. Furthermore, psychologists assess harm in terms of both psychological and physical â€Å"dimensions† (p. 15). Therefore, psychologists areShow MoreRelatedEthics And Social Psychology Research775 Words   |  4 Pagestopic in social psychology research. Ethics encompass essential guidelines and codes of conduct that is taken into consideration before carrying out research. Although undergraduate and graduate curriculum in psychology acquaints students with the basic nature of ethical considerations and codes of conduct in research, however, it is likely that some of the most famous experiments in social psychology such as experiment by Stanley Milgram on â€Å"Behavioral Study of Obedience† exemplify ethical misconductRead MoreEthical Principles Of The Social Research1259 Words   |  6 PagesAs my research deals with people then it is a must that my research should comply with ethical standards and profession al research. According to Babbie (2008), There are ethical issues associated with the research study, including voluntary participation, no harm to participants, anonymity and confidentiality (Babbie, 2008, pp.67-71). Likewise, this research will address these ethical issues in advance in order to avoid violation of ethical norms of social research. In addition to the ethical normsRead MoreDeception in Psychological Research1272 Words   |  6 PagesDeception in Psychological Research Lindsey Bocskay Psych/540 11/16/2009 Dr. Matthew Geyer When conducting any type of psychological research, the American Psychological Association (APA) Ethics codes comes into effect. Every researcher or scientist is obligated to follow the standards set in the ethics codes. There are many ethical standards that need to be upheld when dealing with research. Researchers must see if the research or study meets the ethical standards. There are many waysRead MoreAbnormal Human Behavior946 Words   |  4 Pagesbiological and psychological model have all been purported in the early centuries to explain abnormal behavior. Within the supernatural model, abnormal behavior was described as being reflective of a battle between good and evil. Consequently, the treatments of exorcism, hydrotherapy and mass hysteria were all considered useful in combating deviant/abnormal behavior. The biological tradition on the other hand dates back to Hippocrates, syphilis disease and the belief that psychological disorders areRead MoreA Code Of Ethics Limits The Development Of Psychological Theory Essay1499 Words   |  6 Pages‘adherence to a code of ethics limits the development of psychological theory’ The introduction of the Nuremberg Code in 1947 was a direct consequence of the Nuremberg Trials in which various Nazi doctors were found guilty of carrying out brutal and heinous research experiments on humans during the second World War. Subsequently, the key principles contained in the Code became the basis of ethical behaviour in any medical or psychological research which includes the involvement of human participantsRead MoreEthics And The Ethical Standards Essay1626 Words   |  7 PagesThe Ethical Standards were set up to implement direct rules for conduct as a psychologist. Most of the Ethical Standards were composed extensively to apply against psychologists in an assortment of roles, even though the utilization of an Ethical Standard may differ which is contingent upon the unique situation. The Ethical Standards are not exhaustive. The fact that a given conduct is not specifically addressed by the Ethics Code does not mean that it is necessarily either moral or untrustwor thyRead MoreThe Ethical Codes Of Human Research Ethics1035 Words   |  5 Pagesimplementation of ethical codes of conduct in regards to both humans and animals. Milgram’s (1963) obedience experiment prompted various issues related to human research ethics. In Milgram’s initial experiment, participants were asked to electric shock others in order to test their level of obedience to an authority figure. According to the British Psychological Society (BPS) Code of Human Research Ethics (2010), Milgram put the studies participants at more than minimal risk as the research brought onRead MoreHistory And Progression Of Untreated Syphilis931 Words   |  4 Pagespanel was created. (Brandt, 1978) There are several ethical issues that can arise when conducting research. A few of these are field of study dilemmas, the researchers’ integrity, social and economic issues, physical and psychological issues. Field of study refers to areas of research that are controversial in nature. Ethical dilemmas that can arise under fields of study are contentious topics such as embryo research and fetal tissue research (National Institute of Health, 2008). Studies suchRead MoreInformed Consent in Counseling785 Words   |  3 Pagesï » ¿INFORMED CONSENT 3 Since the research materials are provided to you by human beings, and may be based on numerous sources, it is strongly recommended that you conduct independent research to verify that all information is complete and accurate before referencing the material. This reminder does not contain all of the terms and conditions that govern your purchase Q3. According to all codes of professional counseling ethics, when a client enters into a counseling relationship, the counselor isRead MoreAdhd : Attention Deficit Hyperactivity Disorder Essay1605 Words   |  7 Pagesterm symptoms that may be indicative of ADHD, and the individual must meet at least six of these nine symptoms. The symptoms must have been present by the age of six to twelve, and must be present in more than one situation. The symptoms must cause social, work, or school problems, and must also not be normal for the age of the individual. ADHD can be treated with either therapy or psychoactive drugs, or a combination of the two.   Ã‚  Ã‚   Attention Deficit Hyperactivity Disorder is a highly controversial

Analysis Of Hotel On The Corner Of Bitter And Sweet

Bridge over Troubled Water (Simon Garfunkel) Friendship. What is friendship? Wikipedia defines friendship as â€Å"a relationship of mutual affection between two or more people. Friendship is a stronger form of interpersonal bond than an association.†, which is exactly what I think is friendship. I know most of my friends for many, many years and throughout these years we had fights and good moments and this is what forms this strong â€Å"interpersonal bond† also known as friendship. In our novel Hotel on the Corner of Bitter and Sweet Henry and his friends faces different challenges throughout the story which strengthens their ties. In Jamie Ford’s novel Hotel on the Corner of Bitter and Sweet, Ford communicates the theme that friendship is needed especially during difficult times through the character’s actions in the books. Ford shows us one of the first and more subtle friendships between Mrs Beatty and Henry through Mrs Beatty’s actions, who is always helpful when Henry is in trouble at high school. Mrs Beatty works in the kitchen at Henry’s high school (Ford 15) and the first time she appears, is to help Henry and Keiko when they are bullied by Chaz. She tells him to get lost in her very interesting away: â€Å"†¦if you hurt that kid, you’re going to be taking his place in the kitchen, you understand me?† (Ford 23) She shows us that she is tough on the outside but still kind on the inside. Racism is an unknown thing to her, she values Henry and Keiko because they are both hardShow MoreRelatedAnalysis Of Hotel On The Corner Of Bitter And Sweet ``1404 Words   |  6 PagesOnce in a blue moon there is someone who knows it all, someone who knows and accepts you unconditionally, and someone who is there for life†. McCorkle’s description of a â€Å"gold fri end† reminds me of a novel I recently read called â€Å"Hotel on the Corner of Bitter and Sweet† where friendship is universal and described as a bridge that connect all social gaps including gender, race and differences in abilities. Throughout the book, author Jamie Ford has succeeded to show readers that friendship is theRead MoreAnalysis Of Hotel On The Corner Of Bitter And Sweet934 Words   |  4 PagesHotel on the Corner of Bitter and sweet Jamie Ford writes â€Å"Hotel on the Corner of Bitter and sweet† and the publisher of the book is Ballantine Books. They published the book in English on 1st February 2009. â€Å"Hotel on the Corner of Bitter and Sweet† story sets during one of the most conflicted and volatile times in American history. The time period of the story is after the Pearl Harbor boomed and the internment of American-Japanese families during the World War II. â€Å"Hotel of the corner bitterRead MoreAnalysis Of Hotel On The Corner Of Bitter And Sweet2326 Words   |  10 Pages Jamie Ford’s book Hotel on the Corner of Bitter and Sweet, is a story about the experiences and hardships that Japanese-Americans suffered during World War II. The protagonist Henry, a twelve-year old Chinese-American boy at the time of the war, reacted with more than just curiosity. The story opens with the news that belongings of several families who were interned is more than just curiosity; he had a deep personal connection to the events of the past and the story uncovers his memories. HenryRead MoreHotel On The Corner Of Bitter And Sweet Analysis949 Words   |  4 Pagesâ€Å"True love is like ghosts, which everyone talks about and few have seen†. This is a quote said by Francois de La Rochefoucauld, which explains the rarity of true love. In Jamie Ford’s novel, Hotel on the Corner of Bitter and Sweet, the record of Oscar Holden symbol izes the relationship between Henry and Keiko, which is sensed as true love. Throughout the book, Henry and Keiko experience many ups and downs in their relationships which can be reflected by the treatment and condition of the record.Read MoreAnalysis Of Hotel On The Corner Of Bitter And Sweet, By Jamie Ford986 Words   |  4 PagesThe novel â€Å"Hotel on the Corner of Bitter and Sweet,† written by Jamie Ford is a compelling novel about a young Chinese American boy name Henry. Henry is growing up after the Pearl Harbor incident and the start of the internment camps for Japanese Americans. Henry’s ethnicity as a Chinese American affects his childhood in being bulled in school, having a distant relationship with his parents, and causes issues with his first love Keiko, a Japanese American girl. First, by looking at the way Henry’sRead MoreLiterary Analysis: Hotel on the Corner of Bitter and Sweet as a Historical Fiction1280 Words   |  6 PagesLiterary Analysis: Hotel on the Corner of Bitter and Sweet as a Historical Fiction In Jamie Ford’s historical fiction Hotel on the Corner of Bitter and Sweet, this split narrative focuses on two eras: 1942 and 1986. Within these era’s, Ford’s novel focuses on a Chinese boy, Henry Lee, and what it was like to grow up in the international district with prejudice everywhere, especially in his own family being a first generation American. His novel tells the story of Henry, as well as a Japanese girlRead MoreAnalysis Of Hotel On The Corner Of Bitter And Sweet, Henry And Keiko1098 Words   |  5 Pagesenjoyable when having someone to share good and bad memories. It is always best to keep the most important relationships closest to the heart. By doing this, dealing with life struggles can become a much more easy ordeal. In the book, Hotel on the Corner of Bitter and Sweet, Henry and Keiko were always there for each other. Jamie Ford, the author, was able to portray two best friends that shared an ordinary yet unique childhood. Henry is a young Chinese boy living in the heart of a town where whitesRead MoreAmpalaya Cupcake15271 Words   |  62 Pagesnutritional value content as well. Ampalaya will be our main ingredient. Ampalaya or Bitter Melon/Bitter Gourd is a vegetable that grows in Asia, the Caribbean, East Africa and South America. People eat it as a food as well as use it for medicinal purposes to help treat conditions including diabetes, cancer and viral infections. Bitter melon affects certain hormones, including insulin and leptin. Due to its bitter taste many people don’t like to eat Amplaya even though it is healthy. As a result ofRead MoreCoffee Shop Feasibility5138 Words   |  21 PagesA Feasibility study on â€Å"Coffee Ko† Coffee Shop In Partial Fulfillment of requirements for the subject Principles of Management For the degree of Bachelor of Science in Hotel and Restaurant Management At STI – College Quezon Avenue By: Eric B. Buquis Jake Christian Z. Escobar Carl Justin Oliquino Michaela D. Santo October 2013 TABLE OF CONTENTPROJECT BACKGROUND * Company Vision amp; Mission †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ * Name of the Business†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ * Logo/Rationale†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreHow can Thailand Successfully Become the Top Culinary Tourism Destination?3488 Words   |  14 Pagesexample while still keeping up a distinguished taste of its own, whatever the recipe’s origin with the differentiation of distinctive cuisine styles in four regions of country. The balance of five fundamental taste senses namely; spicy, sweet, salty, sour, and bitter wo uld be chosen two or more flavors to mix in one dish (Harrison Monroe, 2003). Cummimgs (2000) states that â€Å" Thai cuisine has become so globally appreciated that in a survey polling travel agencies in over 25 countries, it ranked fourth

The Power Of Labor And Management - 1639 Words

The bargaining power that labor and management hold is impacted by both total and relative power. In particular, the total power of labor and management is influenced by the competitiveness of the banking market and the state of the economy. The First National Bank (FNB) is the oldest and largest commercial bank in the Lake city community. In addition, it assets’ amount to twice the size of the 6 next largest commercial banks and in the last ten years, through mergers and acquisitions of smaller banks in the nearby community, it now has 17 offices. In a nutshell, as the largest financial institution in the area, FNB faces fewer competitors and therefore exerts market power. With the greater profits that the bank earns, there are more†¦show more content†¦In order to determine this, I would need to know the state of the economy and in particular the level of unemployment. As mentioned above, Lake city’s economic climate is largely dependent on the auto plant. Th erefore, the level of production at the auto plant and whether or not it can hire new workers or if it is laying off workers determines if workers are willing to risk their jobs. The economic climate would also impact the ability of family members and spouses to support striking employees. Furthermore, the bargaining power of labor could be diminished because worker’s demands for health care and an improved pension and profit-sharing plans will increase the labor costs for the bank even if wages remain the same. Therefore, the union’s bargaining power is subjective to the ratio of labor costs to total costs. If labor constitutes a large percentage of the bank’s overall costs, then a rise in benefits could result in decreased employment because of wage employment trade off. Increased benefits and job security at the auto plant increases competition in the labor market of Lake city. By providing benefits comparable to FNB, the auto plant positions its self as a substitute place of employment for the labor force in Lake City. While it might not be a perfect substitute because the two firms might require different skills, some workers who can make the move might be incentivized to switch employers. There have already been instances where youngerShow MoreRelatedA Discussion On Positional Bargaining1399 Words   |  6 Pagesnever get to a point where one side finds them acceptable. Additionally, the adversarial style of positional bargaining usually results in a breakdown of the labor-management relationship, and inhibits the ability of negotiators to work through this breakdown (Colosi, 1983) POSITIONAL BARGAINING AND LABOR-MANAGEMENT RELATIONS The labor-management relationship that occurs is an outcome of positional bargaining, where each side attempts to cause the other side to take a concession, allowing them to â€Å"win†Read MoreThere Are Many Different Approaches And Perspectives When1251 Words   |  6 Pagesrelations is focuses on self-interest. In the egoist perspective labor is viewed as a item and because of this employers must watch it. Motivation in the egoist perspective is done with the use of economic incentives. The last perspective is the critical/conflict theory. This perspective views the employee and employer relationship as a power dynamic. This perspective has an emphasis on power and the employers are the one’s who hold the power, since they have the means of production. Instead of the conflictRead MoreThe rise and fall of Labor Unions1545 Words   |  7 Pagesï » ¿Kevin Campusano Class Prof. 30 November 2014 The rise and fall of labor unions Labor union is an organized association of workers, in a trade or profession, formed to protect and further their rights and interests. During the industrial revolution in Europe there was a rise in new workers without representation in the workplace. In the 19th century the industrial revolution spread to the United States from Europe, this resulted in the economy shifting to manufacturing from agriculture as an economicRead MoreThe Deregulation Of The Airline Industry1037 Words   |  5 Pagescongress put all commercial airlines under the Railway Labor Act. Since then, there was a period of 42 years under economic regulation where the government oversaw labor relations. Since deregulation, the goals of collective bargaining have not changed much, nor have the objectives of management and labor unions. (Wensveen, 2011, p. 422) The deregulation of the airline industry may have been a win for passengers, but most likely not a win for labor groups. Prior to deregulation the airline industryRead MoreLabor And The Collective Bargaining Process978 Words   |  4 Pagesprocess are Management but more specifically, the owners and shareholders, executives and managers and the industrial and human resource people. In the collective bargaining process in labor it is the individual employees and the labor unions which represent them. In local, state, and federal government agencies and the public. It is the government agencies that act as representatives of the public interest and are responsible for making policies. 2.1 Some basic assumptions about labor and conflictRead MoreWorking Class Vs. Corporate Elite Essay1308 Words   |  6 Pagesis often viewed as a diametric opposition between labor and capital. The Egoists versus the Pluralists. The working class versus the corporate elite. This view, however, is based on the faulty assumption that bargaining is a zero-sum game, with a clear winner and loser. Bargaining can be made a process in which the needs of firms and workers are addressed and understood-- but this possibility requires deliberate action on the sides of management and unions. By participating in the simulation exerciseRead MoreProcess For Settling Labor Management Disputes Peacefully1668 Words   |  7 PagesThroughout the last century the process for settling labor-management disputes peacefully is known as collective bargaining, and was given statutory legitimacy in 1935 with the adoption of the National Labor Relations Act (NLRA) (Boniface Rashmi, 2013, Barrett, Cutcher-G ershenfeld, Kochan, Ferguson, 2007, Cutcher-Gershenfeld Kochan, 2004, Cutcher-Gershenfeld McKersie, 2009, Post, 2009). The NLRA gave legal authority for employees to organize and join a union for the purposes of collectivelyRead MoreManagement Should Have the Right to Allow a Union in the Workplace or Not1484 Words   |  6 Pages History shows that there has been conflict of power within the workforce between union and management. This essay will discuss if management should have the right to determine whether a union should operate within their workplace. It is necessary first to discuss the roles of unions and management in the workplace and discuss both points of view on the power distribution between unions and management in the workplace. The rise of industrial age led to the rise of industrial factory systems. AsRead MoreCase Study 5.2 - Are Teaching Assistants, Research Assistants, and Proctors Employees Under the Nlrb?1498 Words   |  6 Pagesteaching and research). There are several reasons that a labor union would wish to organize and represent teaching assistants and research assistants, as well as the proctors and anyone else performing work for Yellowstone University. On an altruistic level, it could be that they simply wished to ensure fair employment practices and better conditions and compensation for the employees. On a more pragmatic level, the bargaining power of the labor union would be far greater of teaching assistants andRead MoreEssay on Week 2809 Words   |  4 PagesLabor relations chapter 1 – 2 notes 1. Experts believe that the widening gap between the richest and poorest individuals in the U.S. is in part due to the weakened position of labor unions. (Points : 1) |   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   True   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   False | 2. In the U.S., most workers can be discharged for good cause, no cause, and even a morally wrong cause, as long as the discharge is not on the basis of race, gender, religion or another classification protected by law. (Points : 1) |   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   True