Addressing International Legal and Ethical Issues Essays - Authority

Addressing International Legal and Ethical Issues Essays - Authority Addressing International Legal and Ethical Issues LAW/421 August 31, 2015 Addressing International Legal and Ethical Issues The U.S. based Pharmaceutical Company CadMex and Candore based company Gentura are entering into an international partnership with each other in this simulation. Cadmex will lend its resources to Gentura in order to expand the companys global reach and capital. What are the issues involved in resolving legal disputes in international transactions? Candore is a small dictatorship country located near in the Asian pacific, which is also home to Gentura. The dictatorship also lends some economic and political issues that CadMex must become very familiar with. The legal issues involved are the fact the government is somewhat unstable and unpredictable. The country is also not a part of the World Trade Organization, so the contract had to be amended once they were accepted into the organization. Also, there is a ethical issue involving religion of some of the workers in the factory in Candore who refuse to shave during one week in July that has to be settled. What are some practical considerations of taking legal action against a foreign business partner based in another country? Some of the practical considerations of taking legal action against a foreign business partner based in another country are that you have to take account for the political policies of the country you are doing business. That country may also face a major economic, political crisis, or health crisis that can put your business transactions at risk. You may also want to consider possible litigation with the business you are considering entering into contract with and what laws may prevent or hinder those processes. What factors could work against CadMex's decision to grant sublicensing agreements? Time is a major factor involved with granting sublicensing agreements to other companies. CadMex and Gentura would have to provide training and make sure that each factory adheres to its standards. All of this time associated with these new companies would be very costly to the companys profit margin. When the local customs and laws conflict with the customs and laws of an organization operating abroad, which should prevail? Explain why. The customs and laws of the organization should not cause trouble when it comes to the local customs and laws because it is the local individuals that are employed by the company. The local customs and laws should be taken into consideration when putting together operating procedures of any company abroad. There will always be conflicts when operating in different countries, but a well prepared business will handle them appropriately. How would you compare the issues in this simulation to the domestic legal issues discussed in your Week 1 readings? How should companies resolve domestic and international issues differently? To compare domestic issues with international issues can be somewhat hard but they are very similar in many ways they both can be handled through ADR. Even though the organization in which the ADR is handled is a little different and the rules are too the process is the same it. An independent party either mediates, or arbitrates an agreement between two parties.

How to Use the Chinese Birth Chart

How to Use the Chinese Birth Chart While modern day technologies like ultrasounds help determine the sex of a baby, there are also traditional ways of guessing the answer to this exciting question. For hundreds of years, the Chinese birth chart has helped many expecting couples predict whether they are having a boy or a girl. Unlike ultrasounds that require 4 to 5 months of pregnancy before the babys sex can be ascertained, the Chinese birth chart lets couples immediately  predict their babys gender once it is conceived. If youre an overly curious couple dying to know if the baby room should be painted blue or pink, learn how to use this traditional chart! Where the Chinese Birth Chart Comes From Invented during the Qing Dynasty, the Chinese birth chart has been used for over 300 years. The chart was kept by royal eunichs and only used by nobles and concubines. When the Eight Nation Alliance entered China in the late Qing Dynasty, military forces took the chart. The Chinese birth chart was taken to England where it was translated into English for the King’s sole use until it was later disclosed to the public. Accuracy The Chinese birth chart is based on factors such as the Five Elements,   yin and yang, and  the lunar calendar. With proponents claiming that the Chinese birth chart is highly accurate, you should take these predictions with a grain of salt. Even ultrasounds can be wrong!   How To Use the Chinese Birth Chart The first step is to convert  Western calendar months to lunar calendar months. Then, locate the lunar month of conception. After that, figure out the age of the mother at the time of conception. Using these two pieces of information on the chart, you can now use the chart. The intersection of the month of conception and the mother’s age at the time of conception on the chart reveals  the predicted sex of the baby. For example, a 30-year-old woman who conceived in lunar January 2011 (February 2011 in the Western calendar) is predicted to have a boy.   Use the Chinese birth chart below to guess the sex of your soon-to-be newborn! Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 18 Girl Boy Girl Boy Boy Boy Boy Boy Boy Boy Boy Boy 19 Boy Girl Boy Girl Girl Boy Boy Boy Boy Boy Girl Girl 20 Girl Boy Girl Boy Boy Boy Boy Boy Boy Girl Boy Boy 21 Boy Girl Girl Girl Girl Girl Girl Girl Girl Girl Girl Girl 22 Girl Boy Boy Girl Girl Girl Girl Boy Girl Girl Girl Girl 23 Boy Boy Girl Boy Boy Girl Boy Girl Boy Boy Boy Girl 24 Boy Girl Boy Boy Girl Boy Boy Girl Girl Girl Girl Girl 25 Girl Boy Boy Girl Girl Boy Girl Boy Boy Boy Boy Boy 26 Boy Girl Boy Girl Girl Boy Girl Boy Girl Girl Girl Girl 27 Girl Boy Girl Boy Girl Girl Boy Boy Boy Boy Girl Girl 28 Boy Girl Boy Girl Girl Girl Boy Boy Boy Boy Girl Girl 29 Girl Boy Girl Girl Boy Boy Boy Boy Boy Girl Girl Girl 30 Boy Girl Girl Girl Girl Girl Girl Girl Girl Girl Boy Boy 31 Boy Girl Boy Girl Girl Girl Girl Girl Girl Girl Girl Boy 32 Boy Girl Boy Girl Girl Girl Girl Girl Girl Girl Girl Boy 33 Girl Boy Girl Boy Girl Girl Girl Boy Girl Girl Girl Boy 34 Boy Girl Boy Girl Girl Girl Girl Girl Girl Girl Boy Boy 35 Boy Boy Girl Boy Girl Girl Girl Boy Girl Girl Boy Boy 36 Girl Boy Boy Girl Boy Girl Girl Girl Boy Boy Boy Boy 37 Boy Girl Boy Boy Girl Boy Girl Boy Girl Boy Girl Boy 38 Girl Boy Girl Boy Boy Girl Boy Girl Boy Girl Boy Girl 39 Boy Girl Boy Boy Boy Girl Girl Boy Girl Boy Girl Girl 40 Girl Boy Girl Boy Girl Boy Boy Girl Boy Girl Boy Girl 41 Boy Girl Boy Girl Boy Girl Boy Boy Girl Boy Girl Boy 42 Girl Boy Girl Boy Girl Boy Girl Boy Boy Girl Boy Girl 43 Boy Girl Boy Girl Boy Girl Boy Girl Boy Boy Boy Boy 44 Boy Boy Girl Boy Boy Boy Girl Boy Girl Boy Girl Girl 45 Girl Boy Boy Girl Girl Girl Boy Girl Boy Girl Boy Boy

Airline Financial Management Essay Example | Topics and Well Written Essays - 2000 words

Airline Financial Management - Essay Example Hence, in order to ensure the integrity of the company's systems and financial operations and minimize the possibility of loss through mismanagement or fraud, the treasury department of the corporation can come to help. Through the formulation and implementation of a through risk management process, the likely and not very likely, both kind of unpleasing events can be avoided, and/or their damage minimized. The primary objective of the treasury department would be to minimize and provide for the various types of risks confronted to the company. This main objective can be broken down in smaller aims and objectives, all forming elements of the broader risk management process. Risk management as an organizational process can be separated into five general activities: identify risks and determine tolerances; measure risks; monitor and report risks; control risks; and oversee, audit, tune, and realign the risk management process. Risk identification is the process by which a company recognizes and, in some cases, detects the different financial risks to which it is exposed through the normal course of conducting its business. Risks can be left unidentified for reasons ranging from poor internal controls that allow the unnoticed booking of risky financial transactions to basic oversight of fundamental exposures. The process by which members of a company review, analyze, and discuss their risk profiles is an indispensable means by which risks can be identified, and, hence, managed. Our airline company transports passengers from the United States to Europe and back. The obvious risks faced by the company include the risk of plane crashes, maintenance-related delays, equipment damage from fire, and a loss of customers. Less obvious but perhaps equally significant are also the financial risks to which our company may be subject, such as the risk of rising jet fuel prices or the risk of fluctuations in the euro/dollar exchange rate. Without a systematic process to analyze these different risk exposures, our company's shareholders may never realize fully the different avenues through which the value of their capital can be adversely affected. Given the risks the company has identified, senior managers and directors must agree on tolerable levels of those risks required for the operation of the firm's primary business. This determination should be made explicitly by the firm's key stakeholders, including senior managers, the board of directors, and sometimes major creditors. Measure Risks Risk measurement involves the quantification of certain risk exposures for the purpose of comparison to company-defined risk tolerances. The process by which different risks are quantified is a critical component in an organization's broad risk management program. Without a good measure of risk, a determination can be hard to reach about whether the company is taking too much of some types of risks-or, conversely, not enough of another. Monitor and Report Risk A third component of the risk management process is risk monitoring and reporting. The risks to which a firm is subject can change for two reasons. The first is a change in the composition of a company's assets or liabilities. To monitor changes in