Money and banking Assignment Example | Topics and Well Written Essays - 500 words

Money and banking - Assignment Example Conversely, introduction of money market mutual funds constrained deposit to banks since they paid higher money market values. Finally, the introduction of ATMs in the banking sector reduced the cost of transactions, which the banks used to benefit from due to the paper work required (DeYoung). Hence, the consequence of this shift was a reduction in banks fundamental sources of funds. Experts cite adjustable-rate mortgages (ARMs) as a dubious practice that exacerbated the financial crisis. In this case, ARMs enticed borrowers with low credit to enable them borrow against the value of homes. This way, families were able to own homes that were beyond their reach. Consequently, there was an inflation of a new bubble in the housing sector as prices were indicative of families’ inability to pay (Mackaman). Subprime mortgages, like ARMs, contributed to underpaid-workers owning homes that they could not afford to pay. In effect, this led to creditors risk managing the default payments through shadowy techniques that involved bundling, selling, and repackaging debt. With the number of defaulters rising, what followed was a number of foreclosures that were in contrast with the value of debt bundling from banks and saving institutions. In effect, these institutions resulted to liquidity and solvency status that lead to the crisis (Mackman). Strictly put, banks that follow proper lending procedures will ensure that the borrowers are credit worthy and they will not become defaulters, which can make a bank lose money. However, a bank with high nonperforming loans runs the risk of a low capital base to do business and they can run into trouble with financial regulators. In addition, such publicity might result to substantial withdraws from depositors (a run on the bank). 6- Explain the Basel requirements and how banks got around the

The Use of Information Systems to Aid Communication and Financial Assignment

The Use of Information Systems to Aid Communication and Financial Management in Business - Assignment Example This research will begin with the statement that information is one of the extremely important elements in a business organization because of that it serves as a support tool for business operation, decision making, managerial functions and organizational activities. Information is normally considered to be the most powerful asset in a business. Many businesses are effectively utilizing the information that is rich with and succeed in a market by achieving competitive advantage whereas many other firms fail in managing it and thus to surviving in the market as well. This piece of research work presents a brief report on how the information system can effectively be used to aid communication and financial management. No matter how small or large the business is, information is highly critical to it and it can help the business attain its goals. Information is essentially important for financial management for various reasons like decision making, and there have been efforts to bring e ffectiveness in approaching the information and the outcome is that an information system approach has been developed. It is important to identify, explain and evaluate how the information system is used and how it can be successfully used in communication and financial management. Stair, Reynolds, and Reynolds pointed out that information system is a set of inter-related elements or components that collect, manipulate, store and disseminate data or information and provide a corrective reaction to meet a specific objective. Information System is thus a process or system approach towards collecting the data or information as inputs, manipulating them through processes, storing them as either tacit or explicit and making use of them once they have been disseminated as outputs. An organization can be said to use information system if there is a system in which people, process, technology, and information are aligned and integrated.

Personal and Professional Practice Assignment Example | Topics and Well Written Essays - 1500 words

Personal and Professional Practice - Assignment Example This paper analyses each of the two concepts within the framework of how they relate to the business. To begin with, personal practice is mainly concerned with an individual. In this regard, it refers to what an individual believes to be right. This implies that, personal practice varies from person to person and is contingent on the person’s beliefs, experience, culture, philosophy and religion, inter alia. In other words, personal practice greatly depicts a person’s traits and character. For instance, it may include transparency, honesty, and confidentiality, among others. As a fact, personal traits, characters and practices have great effects on a business in a plethora of ways. Thus, it is important for a company to establish measures aimed at fostering proper personal practices. This may be achieved through for example, the establishment of a code of conduct which is meant to set out rules and guidelines by which people in company are expected to abide in the cours e of their practices and activities within the company. All employees, agents, representatives, officers and other people inclined to the company in various capacities are obliged to align their practices with the requirements of the code of conduct. Thus, personal practice is greatly determines by such a code of conduct. Anyone who violates any of the regulations in whatsoever way is entitled to a disciplinary action. Therefore, as people carry on with their day to day activities within the business, they are expected to portray exemplary personal practice as it affects a business in a profusion of ways. First and foremost, it is expected that people should always comply with rules and regulations in all their endeavours. Robbins and Judge (2010) posit that, obeying the law forms the foundation upon which a business establishes its ethical standards. Thus, it is expected of employees, officers, agents, representatives plus any other person related to the company to portray consecra ted obedience to the rule, laws and regulations of the state or country within which a company operates. Conflicts of interest also affect personal practice to large extents. A conflict of interest usually transpires when individual’s private interests tend to interfere with the interest of the company (Porter, 1998). For instance, it may occur when an employee of given company opts to work for a competitor, customer or even supplier of the company. It is therefore required that people attached to a certain company in any way should avoid both direct of indirect business interactions with any of the company’s competitors, suppliers or customers. As such, personal practice in place should enhance respect for this requirement. Personal practice may also affect a business with regards to insider trading. Usually, employees and other persons attached to a company in various positions, have unlimited access to a company’s confidential information. It is expected of t hem to keep such information confidential and not to reveal it for trading purposes to another person, business, company or entity. It is unethical and illegal therefore, for anyone of them to use the non-public and confidential information for personal financial gain. With regards to corporate opportunities, employees, officers, agents and other personnel in the company are prohibited from

Case Study Analysis Assignment Example | Topics and Well Written Essays - 500 words

Case Study Analysis - Assignment Example Rise of secondary ticket market is affecting the profitability and brand value of several leagues and sports teams. It is clear from the case study that the teams in NFL are facing several critical issues due to growth of secondary ticket industry. Issues and Problems It is true that the pricing of tickets is influencing by the organizational and economical factors along with the perceived value of the spectators. National Football League is the most popular and leading sporting event in United States. It is a seasonal event. Day-by-day, the popularity of this event is increasing significantly. Looking into these aspects, the brokers used to purchase large number of primary tickets from the ticketing management organizations of the league or several NFL teams. It is actually affecting the image of the organizations and team managements. Brokers or ticket agents generally sell these tickets to the spectators based in higher price comparing to the developed price by the organization. T he price of tickets is generally set depending on the previous year’s success, income, profit, revenue and demand of customers. This secondary ticketing process is making it difficult for the target audiences to buy the tickets at same price that is developed by the team management.

Small Successful European Economies Essay Example | Topics and Well Written Essays - 1000 words

Small Successful European Economies - Essay Example since the comparison is calculated as a difference of the unadjusted weighted averages, the exchange rate can either be positive or negative. A nominal exchange rate greater than 1 signifies that the currency of the home country is worth more than the foreign currency against which it is being compared. Any value below 1 would be the opposite. Such a calculation enables consumers to determine the relative price they pay for an imported good and helps them determine whether their spending is worth more or less for the imported goods in comparison to the local currency. The Danish economy, which was agrarian in nature until the 1970s and had been facing problems with restrictions by the EEC members, could not afford to take advantage of a high growth period during the 60s. since then, the contribution of the services sector including segments such as construction and shipping has grown much more in comparison to the contribution from agriculture. Even manufacturing took a backseat with a large part of the workforce being employed in the services sector as manufacturing, which was dependent on international exports faced stiff competition. As such, this decade started to witness a marked increase in the number of companies that could thrive internally and the relevance of companies that were dependent on doing business with external entities began to diminish. This was also the time when Denmark joined the European exchange rate cooperation and the higher rate of inflation that was a result of the severe stress put on the Danish economy resulted in a negative nominal exchange rate. The marked spike in public spending combined with a squeeze on international exports also contributed to the low nominal exchange rate in comparison to the later years. The real effective exchange rate is a weighted range of an economy’s currency in comparison to the collective index of major traded currencies after adjustments for the effects of inflation. These

Case Study--Customer Relationship Management Heads to the Cloud (ITM Study

--Customer Relationship Management Heads to the Cloud (ITM class) - Case Study Example It is also ideal for large companies with large numbers of customers located in diverse backgrounds. This service is efficient and effective compared to manual systems of processing information about their customers. Small to medium enterprises may not be suitable for this particular service which is specifically designed to accommodate large volumes of data. Small organizations usually process small volumes of data and this can be done internally using the database of the company which can be updated manually using programmes like excel. Though the subscription fee for this service appears to be little, it might be costly to small enterprises since they can easily manage their own databases without the aid of large clouding computing service if they deal with a small number of customers. 2. The main advantage of using cloud based enterprise application is that it is efficient and can process large volumes of data much faster than using manual methods for processing the same amount of data. The other advantage why large companies should adopt this cloud based CRM service is that it can be customised to meet the need of the organization. It also does not take a long period of time to implement since it is specifically designed to suit the information requirements of the company. The other advantage is that this CRM service is web based and it allows the organization to centralise its information services. This allows the managers to track as well as to monitor all information about the customers which gives them knowledge about the measures they can take in order to improve the operations of their organization. This web based service is secure since it ensures that confidential information cannot be removed from the data base. In terms of processing information about many customers, this service is advantageous to large corporations since it makes information processing fairly easy. However, the main disadvantage for using this service is

Research Hypothesis Essay Example for Free

Research Hypothesis Essay Null Hypothesis: The new developed drug has no considerable difference from the standard multi-drug regimen used by most cancer patients (Â µ1 = Â µ2). Alternative Hypothesis: The new developed drug is considerably better from the standard multi-drug regimen used by most cancer patients (Â µ1 Â µ2). The dependent variable in the study is the so-called ‘level of efficacy’ (or in simple term, the level of effectiveness of the drug). This independent variable may be measured by: 1) T-cell counts among AIDS patients, 2) improved blood circulation (measured by blood pumped per ounce per second), and 3) rate of antibody formation. For the sake of simplicity, we shall only consider the first measure of ‘efficacy’ (T-cell counts among AIDS patients). The independent variable in the study is the ‘type of drug’ used to treat patients with AIDS. Method For the purpose of theoretical efficiency, we can assume the existence of two groups. Group A is a population sample treated with the ‘new developed drug.’ Group B is a population sample treated with the standard multi-drug regimen. Note that both drugs are assumed to have a general effect on the mitigation of AIDS among patients. A higher population mean (measured by T-cell counts) would indicate a higher ‘level of efficacy.’ Biases Experimenter bias may be exhibited in the study as: 1) error in the specification of experimental maneuver, 2) error in the measurement of outcomes, and 3) faulty interpretation of data. Because of the complexity of the study, it is very likely for the researcher to commit the second error. Selection bias is not present in the study. Ethical Issues There are two pressing ethical issues in the study. First, it is generally unethical to use an untested drug (medical) to a group of AIDS patients (although it may be argued that the drug has been tested many times in the laboratory). Second, it is dangerous to test the efficacy of two sets of drugs to ‘actual’ patients.