Hi, need to submit a 1000 words paper on the topic Consumers’ Unethical Belief and Attitude toward Counterfeiting. The main issue is the consumer has the benefit of choice. A product may be counterfeit. But it may be as good as or better than the original. The customer is in no position to ascertain the true value of the product unless he buys it.

However, his unethical belief may be product-specific. He may or may not be willing to test counterfeits of each and every product. For instance, clothes. The fashion business is highly fluid in the matter of originals and counterfeits (Ha, Sejin & Lennon, Sharron, 2006). Depending on the government’s strength and the rule of law prevalent in the region, the consumer’s reliance on counterfeits may be rewarding or counterproductive and the question of ethics does not bother the consumer because he has paid for the goods even if it is counterfeit (Tatnall, Professor Arthur, 2008).

Consumer’s belief and attitude rotates around the single, dominant factor that he is paying for the product and hence it does not matter if the product is counterfeit. If the counterfeit provides him with as much or better services than the original, his purchase of such goods does not bother him at all on the matter of ethics.

It is true that an informed society is more tolerant of unethical belief. It also has a higher anti-business attitude because there is greater awareness of what is going on in big business houses. Big business houses have problems with ethics (Friedman, Hershey H et al, 2008, p38). They make choices between the greater evil and the lesser evil in the regular course of their business. This does not get reflected in their balance sheets or profit and loss account. They have to gloss them over.

With globalization and use of the information technology, large (and even small) business houses make no bones about dubious business practices. The original manufacture too deigns to resort to counterfeiting to realize cost and other benefits. The practice is too ingrained and enmeshed between the original and the counterfeit to separate one from another. Nothing is lost in the process except consumer’s cynicism and respect for the original (Decker, Melissa A, 2004, p6).

In the ultimate analysis, it is difficult to hold on to ethics and do business at the same time. By our view of ethics, we even blame the Almighty for committing many blunders. Also, the different shades of ethics do not have the same order of value in the eyes of different individuals. The world highly differs in ethical standards between individuals. Business must serve its own interests, setting the best examples in the process. Sometimes, their choice may not appear morally correct. Technically, however, business may not have committed any offence. Nonetheless, if the consumer is unhappy with a company’s stance, it will result in anti-big business attitude (Sender, Katherine, 2002).

Consumers with more tolerant of unethical belief will have lower social cost of counterfeit attitude

If the consumer takes social cost into account, he will not be able to make use of his freedom of choice.

 

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Hi, need to submit a 1000 words paper on the topic Compensation & Benefits Definition. The supporters of defined benefit plans argue that DB retirement plans represent the only, which can offer real retirement safety. The supporters of defined contribution plans state that DC retirement plans still provide more safety due to the possibility of employees to trace the facilities on their accounts. During the last few years, too many defined benefits plans were changed to defined contribution retirement plans. The main reasons for this are the following:

Michael Sze in his work “Which is Better for the Participants – A Defined Benefit or A Defined Contribution Plan” provides the questionnaire that helps define employees’ preferences. He made an interesting conclusion that younger workers prefer defined contribution retirement plans, while older employees often choose defined benefits plans.

The survey clearly indicates that the employees are more informed than what some pension experts believe them to be. The employees may not fully understand the technical details of the DB and DC plans, but they know essentially what they need and what types of arrangements would be best to provide for these needs. The challenge is for the pension experts and plans sponsors to establish plans that will cater to their needs (Sze).

It is necessary to mention that converting defined benefits plans into defined contribution retirement plans represents a problem for companies. Some people do that not because of the advantages the plan provides, but to have extra funds in the situation of economic crisis. Jeff Sanford calls it “a new pension crisis” and comments:

Another problem, as some companies are starting to find out, is that plan conversion may set your company up for legal problems if employees retire and run out of money faster than they expected.&nbsp.

 

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Hi, need to submit a 1000 words paper on the topic Assessing and Understanding the Foreign Exchange Market. (Investopedia) Chinese foreign exchange market plays an important role in the development of its economy. It is an important source of investment and income in China. The Chinese foreign exchange market mainly deals in Chinese RMB Renminbi Yuan. The basic function of Chinese foreign exchange market is to conversion the currencies. For example in this market the U.S. dollars can be converted into Chinese RMB. Another important function of Chinese currency market is that it facilitates international business transactions of China through the conversion of currencies. (Laura Acevedo) An important tool for stable economic growth is currency value and this market helps the central bank in controlling the value of its currency through buying and selling. It is also a productive source of investment for the investors in China because if they a currency at a lower rate and due to fluctuations in currency rate they are able to sell it at a higher rate than this sure is a profitable investment. (Maps of World) Spot rate is the price that a buyer is ready to pay for buying a currency in terms of another currency. Chinese spot exchange rates are determined by the central bank. This determination by the central bank is based on a number of factors which include the buying and selling of Yuan in different exchange markets, the value of Yuan in term of other currencies- as this value keeps on changing the spot rate of Chinese exchange market also changes simultaneously. These rates are very important in the Chinese currency market as they are the current exchange rate on the basis of which the day to day transactions of the Chinese stock market take place. And without these rates no business is possible in this market. (Investopedia) Forward exchange rate is the rate at which a currency can be traded for one currency at a particular time in future. This time ranges between two days to twelve months. China puts forward exchange rate reforms when necessary in order to maintain its social and economic stability. Forward exchange rate plays an important role in insuring foreign exchange risks because when a country enters in a transaction through forward exchange rate and in the meantime the exchange rates fall badly then the forward exchange rate act as insurance against unprofitable dealings. (Ozforex) One of the most important theories used for the determination of currency exchange rate is purchasing power parity theory (PPP). It is an economic theory that calculates the changes that are to be made in the currencies of two countries in order to make the difference between their exchange rates and their purchasing power equal. Mathematically this theory is represented as follows: S=P1/P2 Here “s” is the exchange rate between the two currencies. “P1” is the price of good x in country one and “P2” is the price of good x in country two. This theory can be elaborated by an example that if a cold drink costs 1.50 Yuan in china than it should be worth 1.00 us dollars if the exchange rate between U.S.A and china is 1.50 USD/RMB. This theory helps the economists in determining the standard of living in different countries. (Investopedia) It is possible that a currency may be devalued but the standards of living may remain high due the higher purchasing power of the people. Most of the economists prefer purchasing parity concept in the calculation of GDP as countries like china intentionally understate their currency value which results in the understatement of GDP. Therefore mostly the GDP of different countries is calculated through purchasing parity approach.

 

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Hi, need to submit a 1000 words paper on the topic Achieving Personal Goals While Contributing to the Good of Humanity. The first acquaintance with your university was as a result of inquiries that I made to my mentors about the best institution to prepare myself for my chosen career. They highly recommended this institution as a value-based organization that is committed to the development of highly qualified professionals who will not only deliver on their mandates effectively but will also contribute towards the achievement of national goals. As a nature enthusiast, I love the park-like setting of this university and would love an opportunity to call such a beautiful setting my home during my most formative years. Also, the sporting environment around the university is attractive to me because I like running. In addition, the city of Geneva is a melting pot of cultures that will provide an opportunity to appreciate the culture of other countries. I also have an interest in international affairs which staying in Geneva will enable me to explore. For example, the location of the United Nations and the financial centre that is the city will give me an opportunity to interact with both organizations and individuals that shape global affairs. The institution has a qualified and dedicated staff that facilitates the learning process by making sure that they have all the resources that they need to learn (Webster University 1). In addition, the institution has created a culture of collaboration among both the student and teaching community. Furthermore, the institution is committed to global academic standards. This is important for me since I want to intern at an international organization.

 

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Hi, need to submit a 1000 words essay on the topic Youth human rights perspective case study.

In a lawsuit filed against the Department of Education of Hawaii or DOE as well as the Hawaii Board of Education, filed as a class action suit on behalf of three homeless families by the American Civil Liberties Union of Hawaii Foundation or ACLU Hawaii, Kaleuati III and the other plaintiffs alleged that actions by the Board and by the DOE, the matter of contention is the discrimination that children of homeless families faced, which made it difficult for them to acquire an education on the same footing as children from families with homes. The lawsuit prospered, and in the end the DOE took the course of coming to terms with the plaintiffs and with the lot of the homeless of Hawaii via a case settlement, rather than having to face the prospect of a long-drawn legal process where the outcome seemed to in favor of the homeless families/plaintiffs (American Civil Liberties Union).

The lawsuit is interesting for the way Kaleuati III and the other plaintiffs argued that although legislation exists that was supposed to protect the rights of such homeless children to access to education on par with the access given to children from families with homes, practices and decisions by the DOE and by the Board relating to the education arrangements of homeless children had the effect of circumventing the law. The effect is that by intention or not, the rights of the children to equal and effective education access were violated. The law referred to here is the so-called McKinney-Vento Homeless Assistance Act, which has the following provisions: 1) funding to support homeless children equal access to education in public schools. 2) children are to continue to go to the schools they attend at the point of homelessness. 3) children are to be enrolled right away even without required enrollment documents. 4) the DOE is to provide means of transport to homeless children even when they move to other places to seek shelter

 

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