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Globalization, Unions, and Wages

Globalization, Unions, and Wages According to Dell Champlin and Paulette Olson in Journal of Economic Issues, globalization involves the expansion of markets and the reduction of impediments to the free exchange of goods, services and assets. Advocates of increased globalization include most orthodox trade economists and the leadership of both U.S. political parties. Globalization and free trade are hotly debated issues. For example, the debate over the North American Free Trade Agreement (NAFTA) is dominated by conflicting estimates of numbers of jobs lost versus numbers of jobs gained. The impact of globalization on work, the workforce and the way managers administer changes depends, according to Champlin and Olson, on who…
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Financial Statements & Quaccess

Financial Statements & Quaccess Financial statements and accounting pronouncements are used by stakeholders in organizations·shareholders, employees, creditors, investors, suppliers, customers·to evaluate a company's performance and potential. When companies were based in the same country as their stakeholders, following the accounting regulations of that country provided few problems. Standards were necessary·particularly for publicly traded companies·to ensure that comparisons could be made among different companies while the same "definitions" were in place for the "language" of business regardless of who prepared financial statements. As business has become increasingly global, however, the differences in standards among various countries has become more obvious and, in some cases, troublesome. The United States has general accepted…
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Federal Reserve & U.S. Economy

Federal Reserve & U.S. Economy The Power of Alan Greenspan and the Federal Reserve Bank The Federal Reserve System (hereafter the ‘Fed’) is a centralized banking system used in the United States. The nations banks and the U.S. government constitute its membership. The Fed has many functions, from issuing national currency to controlling monetary policy. When it comes to the most significant function of the Fed, regulating the control of the nation’s money supply, the agency has complete autonomy and an overwhelming impact on the economy. One of the ways in which the Fed most impacts the U.S. economy is its control over short-term interest rates, in other words the…
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Capitalism & Marx, Durkheim and Weber

Capitalism & Marx, Durkheim and Weber Karl Marx, Emile Durkheim and Max Weber, acting at times as sociologists, economic theorists, and above all, social critics, each take pains in their writings to identify key flaws inherent in the capitalist system that had begun to dominate modern industrial society in the 1800s. In the increasingly urban, industrializing world of the nineteenth century, the socio-political landscape in Europe was characterized by a deepening, widening class struggle. Whether revolutionary or reformist, these thinkers felt obliged to address this struggle and to consider the role that capitalism had played in bringing it about. Ultimately, Marx, Durkheim and Weber each provide differing accounts regarding the…
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ATM, Debit & Credit Cards

ATM, Debit & Credit Cards The development of cards which can access different monetary services electronically has been the major boost to electronic commerce. Many computer users today are accessing commercial enterprises on the Internet, but millions more have indulged in a different form of electronic commerce simply by using their ATM card, debit card, or credit card in the course of daily business. The dissemination of such cards has been part of a long-term and evolving marketing strategy on the part of banks and other financial institutions to change the way people do business both with their banks and with retailers of various sorts. Some believe this could one…
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Business Plan Analysis

Business Plan Analysis When reviewing the literature on creating the “perfect” business plan, one discovers there are almost as many ideas about what constitutes a business plan as there are business plans themselves. In the text there are sixteen steps outlined that are recommended when preparing a business plan. While each type of business (service vs. product, manufacturing vs. retail, etc.) requires a unique business plan, most or all of them include a majority of the following suggested steps: Make a commitment to go into business for yourself. Analyze your strengths and weaknesses. Choose the product or service that best fits your strengths and desires. Research the market for your…
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Breakup of AT&T in 1981

Breakup of AT&T in 1981 This research examines the break-up of AT&T in 1981. The issues leading to the antitrust case against AT&T, AT&TÆs objectives and motivations, the antitrust action that culminated in the break-up of the company, and implications of the break-up of AT&T for the contemporary period are addressed. Issues Leading to Antitrust Action Against AT&T Prior to the break up of AT&T, the telecommunications industry in the United States consisted of AT&T (the Bell System), and ômany franchised, independent telephone companies.ö Although franchised and independent telephone companies were in the telecommunications market in the United States prior to the break-up of AT&T, the Bell System controlled in…
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Attitudes Toward Employment of the Disabled
Attitudinal Resea

Attitudes Toward Employment of the Disabled Attitudinal Resea Attitudinal Research. What attitudes do organizations and fellow workers hold concerning the employment of the disabled? Wann and Wolfenbarger (1994) conducted a mail survey of 210 members of the International Association of Business Communicators (IABC), all from the Southwest, in preparation for a District 5 workplace diversity seminar. It is important to realize that the people surveyed were those whose job tasks included developing diversity communications programs for their employers and their clients. According to the authors: The Southwestern US is a particularly good place to gather opinions on diversity. It is one of the fastest-growing regions of the nation and rapidly…
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ANALYSIS OF THE DAIMLER-CHRYSLER MERGER

ANALYSIS OF THE DAIMLER-CHRYSLER MERGER ANALYSIS OF THE DAIMLER-CHRYSLER MERGER When Chrysler Corporation and Daimler-Benz announced their merger in the late 1990s, it caused a stir in the automotive industry. Mergers and acquisitions have occurred in many different industries, particularly in the 1980s and 1990s, but the automotive industry had not seen a merger of such large companies based in different countries that had vastly different corporate cultures. This research considers the rationale for mergers and acquisitions in general, and considers the potential and the reality of the Daimler-Chrysler merger in particular. RATIONALE FOR MERGERS AND ACQUISITIONS Managing a multinational organization requires that companies take into account differences in the…
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Advertising Analysis

Advertising Analysis Jack Solomon claims that different advertisements may express different things dependent on their target audience, but because he insists they all speak to something primarily American in meaning or belief. If we look at two advertisements from Sports Illustrated, we see that these ads say different things to different audiences but they both convey the hopes, fears, desires and beliefs referred to by Solomon. This advertising analysis will use the Toulmin model of argument to explicate each of these ads to validate SolomonÆs claim that while different ads may say different things to different audiences, all ads appear to convey values that are distinctly common and shared in…
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