1. From your understanding of the Sarbanes-Oxley Act, explain how you feel it may negatively affect America’s stock exchanges. The higher than expected costs for many public companies caused some companies to abandon their public status. The costs of SOX compliance negatively affect companies, markets, investors, and economic growth. Fewer companies are willing to enter the market because of the SOX requirements that make going public too costly.
It is important to remember that financial statements must be presented fairly and in accordance with accounting principles as it is evident here that there is a bias towards presenting statements in a financially strong way. Another important user is the controller, Liam Hanlon who is a potential shareholder. As a potential shareholder, he may wish to present financial statements is such a way as to make it seem as if the company is not a very attractive investment to deter other potential investors and to be able to purchase shares at a lower price. Another slightly conflicting interest would be to prepare accurate
Lastly, how to reduce the economic gap between coastal regions and inner periphery? In other words, we can learn that this kind of economic of development is not good for China from the texts. In order to know how China’s coastal cities are developing better than inner periphery region, we have to study the open-door policy under Deng’s leadership. “By opening its Pacific Rim to market forces, by exploiting its huge working class, and by encouraging millions of Overseas Chinese…to invest money in their homeland” (Blij 374). This quote is the best interpretation of the Special Economic Zone’s features.
There are heightened cultural nuances that play greatly into the attitudes, preferences, and behaviors of international markets. In order for a company to be successful in international business, these are things that must be taken into consideration well before creating its first marketing campaign. Making use of available secondary research, and conducting primary research can help ensure that the introduction of its product is as well received as possible. References Central Intelligence Agency. (2012).
There are specific phrases that are chosen as techniques to persuade the readers. Also an image of a compass is displayed which has much symbolism to also influence the reader. The ethical appeal which is an appeal to the institutions representation that is used by the author is to convince the reader to change banks. Bank of the West’s purpose is to make the bank sound reliable and accurate so they are able to guide the reader’s beliefs and ideology. Bank of the West states in the ad that they are El Paso’s largest home-owned bank, with this fact they are establishing there ethical appeal and credibility as a bank and as a member of the community.
13.1 What is the primary goal of a commercial bank? Why may this goal be translated into maximizing the firm’s stock share price? The primary goal of a commercial bank is that plays a key role in the growth and prosperity of the national economy. When it does like above that, it will be consolidated in the banking sector so it has used mergers and takeovers to grow quickly, diversify their operations and improve their geographical spread. 13.7 What are the major uses of funds for a bank?
The political, legal and social factors In this section I will analyse how political, legal and social factors have impacted Manchester United and Sue Ryder. I will also consider which of the factors are most significant and what sort of impact they are having on Man U and Sue Ryder. I will also analyse the changes in business planning that have resulted from these external changes and how are these two businesses coping with these changes? Manchester United The most important political factor for Manchester United is the tax. When the government decides to raise the tax rate this has a negative impact on Manchester United because this means they can not carry out given activities and this will prevent them from achieving their aims and objectives.
A more difficult and time consuming effort Huffman could take to reduce exchange rate risk is to spin the rate to your advantage (Prinzel, 2013). This means when USD exchange rates are high, Huffman would need to ensure their customers are aware of the benefits they could be receiving in discounts. Relative to Huffman Trucking’s benefit with this approach, they could buy foreign exchanges when rates are low, similarly taking advantage of the same benefits their customers would
The report goes on to say that damage to the company’s IT system can lead to financial reporting delays, resulting in revenue and profit loss. In order for Nike to properly plan for their future needs, it is imperative that their IT systems are fully functional. A large portion of Nike’s sales are done online. If their online sales reporting system failed for example, then the lack of reporting would show a lower number of sales than expected. This shortfall may in turn have tax filing implications if Nike is not properly reporting their sales
It also has numerous of problem that one needs to understand. Analyzing and interpretation of the interviews are subjective and can be biased (Javalgi, Granot, & Brashear, 2011). Thus it is crucial that the facilitator is experienced and understands the culture’s verbal as well as nonverbal communication. Assumption about the interviews can lead to errors in the research. However, understanding the culture and values of foreign consumers can help boost the sales of the product and service because the sales teams can market and target their consumers.