NVQ Knowledge BA203 Work In a Business Environment 1.1 Describe what is meant by diversity and why it should be valued * Diversity means valuing each other regardless of intelligence, beliefs and backgrounds. * Diversity should be valued as nobody is completely the sane and everyone has differences that separate them from the rest. Valuing diversity is key as everyone has something to offer to a business which may be stronger than somebody else. * Diversity allows different points of views to be had and different perspectives on other subjects that you may not think of. 1.2 Describe how to treat other people in a way that is sensitive to their needs * Treating other people the way that they want to be treated is a way to treat other people in the way that is sensitive to their needs.
Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to. Economic policy of government on businesses is also a very essential factor that effects businesses for example, government sets up rules and frameworks according to which the businesses compete with one and another, so from time to time government changes these rules which forces the businesses to change the way of their set ups. There are also beneficial political factors that help businesses in various ways, these factors can be defined as apprenticeships and funding of schools and colleges which will enhance the skills of the population that will affect McDonalds in having more skilled workers to work for them which will
The weaknesses that Kudler may face would be the financial burden of going public. Sometimes expenses pile up just from seeking help from outsiders to protect the investments. The economy has fluctuated over the years; therefore the company needs to ensure they have contingency plans in place when business may not be as stable. There are ample opportunities that can come about from selecting an IPO. A company's debt-to-equity ratio will usually improve after going public, which tends to result in more favorable financing arrangements (2014, Going Public, para 1).
If we don’t follow the laws, regulations, and conventions then we take responsibility for the action and accept the consequences. The fifth CRT principle speaks of support responsibility to globalization. The business should support improvement of domestic rules and regulations where they unfairly get in the way of global trade (Caux Round Table, 2003). This could be compared to White’s second guideline regarding honesty. Even though we will often be unsuccessful, our objective must be total honesty (White, 1978).
PCAOB, The Future of 404 Scott Carlson Mark Geiger Evallory Spratlin Kimberly Williams Liberty University Abstract Since the Sarbanes-Oxley Act of 2002 was implemented, small businesses have objected to what they describe as severe financial impacts, which are a byproduct of Rule 404 of the act. This paper will explore the allegations of small businesses, Congress’ response and what this dialogue means for the future of the Sarbanes-Oxley. The implications of this research are important because they have bearing on future regulation in the financial industry. The Sarbanes-Oxley Act of 2002 is a comprehensive bill that has proven to be a work in progress since its passage. The necessity of the bill can hardly be disputed
Substantive Procedures for Cash Outflow Irregularities ACC/566 Forensic Accounting September 13, 2014 Businesses have goals that include making a profit. In order to have a profitable business, it must be one that offers goods and services that are appealing to the people. When this occurs, there is a demand for the products and services and in some cases a need. Because the financial industry has its ups and downs, businesses must comply with certain rules and regulations in order to stay in business. Not only should they adhere to these guidelines and laws set forth, but they must internally protect their assets or prized possessions in order to continue the inflow of prosperity.
The new changes have been difficult to accommodate within the existing budget and timeline. The client did not take into consideration the fact that, adding new requirements would greatly affect the projects schedule. The legal principle here should be that, companies need to stick to the agreed upon contract clauses and in the event of change like system requirements, the involved parties should amend the contract by revising the relevant clauses to capture the new terms and conditions. In simulation, performance and delivery schedule disputes were resolved by agreeing to revise the terms that included recruiting and scaling up the team members on the Span Systems side in order to speed up the delivery schedule. The quality issue was to be addressed by
In addition, these invoices should have an adequate e-mail/written audit trail to ensure segregation of duties. With this, the human error factor should be eliminated by 99%, with a higher change that each invoice sent to the customers is completely accurate. If the invoices are compliant that should significantly reduce the risk that sales or cost of goods sold are over/understated, thus giving us an accurate financial depiction. This process should also include the quantity ordered, which also need to be verified by the shipping manager. Each process needs an adequate trail to avoid arithmetical errors or typos.
Unit 4222-329 Promote positive behaviour Outcome 1 Understand how legislation, frameworks, codes of practice and policies relate to positive behaviour support |explain how legislation, frameworks, codes of practice and policies relating to positive behaviour are applied to own working practice | | | |Human Rights Act 1998 – individuals’ rights should not be contravened and independence, choice and inclusion are paramount. It is also | |acknowledged that some individuals require constant supervision due to their conditions/illnesses. | |The law states that everyone has the right to live without interference from others and should not be unlawfully restrained. | |Restrictive physical interventions should only be used as a last resort, and should be a part of a behaviour management strategy. This | |should only be used when other less intrusive strategies have been unsuccessful, and the risks of not using an emergency intervention are| |outweighed by the need to intervene.
Violating these policies may result in corrective action including, without limitation, termination of employment of your services with the Company, recovery of damages and the filing of criminal charges. Many problems can be easily avoided by simply using good judgment and seeking guidance when questions arise. It is your responsibility to raise awareness by asking questions, making appropriate disclosures and bringing potential problems to the Company's attention. It is important to report all violations or suspected violations of this Code of Business Conduct and Ethics. The ways in which to communicate these violations or