Madbury vs Madison and Mc Collough vs Maryland Essay

Madbury vs Madison and Mc Collough vs Maryland - Essay Example Marbury filed a suit before the Supreme Court on its original jurisdiction and prayed for a writ of Mandamus to be passed, ordering Madison to deliver him the signed commission (Levinson and Balkin 3). The questions or legal issues that were to be decided in this case were, whether the applicant had a right to the commission he demanded, whether the country can afford him a remedy and lastly, whether the remedy provided by the court will be in the form of Mandamus (William Marbury vs. James Madison). The case arose out of the dispute between two political parties, which were the Federalists, primarily led by Alexander Hamilton on the one hand and on the second hand the Republicans, led by Thomas Jefferson, James Madison and others (Levinson and Balkin 3). Jefferson and fellow Republicans were not pleased with the Federalists, who were trying to safeguard their political power by packing the court with their own men before they left their office. The Republicans vowed to fix the wrong which had been done by Republicans (Mountjoy & Mc Neese 27-28). This ultimately led to the battle in the form of Madbury vs. Madison in the US Supreme Court, Now coming to the case of Mc Culloch vs. Maryland, the parties to this suit were Mc Culloch who is the Appellant in this case, whereas, the State of Maryland is the defendant (Mc Culloch vs. Maryland). The State of Maryland had enacted a statute imposing a tax on all the banks, which were operating in Maryland and were not chartered by the state. The statute provided that all such banks will not have the power to issue note and can only issue them by purchasing the paper to be issued by the state (Mc Culloch vs. Maryland). The cashier of the Baltimore branch of the second bank of the United States, which was established by the 1816 Act of the Congress, issued bank notes without complying with the Maryland law. Maryland sued Mc Culloch to pay taxes and Mc Culloch contested the constitutionality of the Act (Mc Culloch vs. Maryla nd). The issues, in this case, were whether the Congress had the power to incorporate a bank, even when the power is not specifically stated by the constitution and whether the State of Maryland had the power to tax an institution created by its own power granted by the constitution (Mc Culloch vs. Maryland). The Supreme Court held in this case that the Congress had power under the Constitution to incorporate a bank, that the State of Maryland did not have the power to tax an institution created by the Congress pursuant to its powers under the constitution and the Act passed by Maryland to levy taxes was unconstitutional (Mc Culloch vs. Maryland). Despite the fact that the above two cases are distinct and stretched over two different time period, having different subject matter and facts, the two cases have certain things in common. Firstly, both the cases were on constitutional law and required interpretation of the constitution. Secondly, both cases were initiated in the same peri od of time, which is the early 19th century. Thirdly, both the cases had supreme importance and were landmark cases in the history of the United States, in the sense that both the cases decided important issues.

The mutual effect between project quality management and project cost Essay - 1

The mutual effect between project quality management and project cost management - Essay Example Different people will be assigned various roles in the completion of the assignment. Here the president, vice president and secretary to the projected will be selected including board members. The project is divided into three parts that is the quality management part, cost management part and the mutual effect between the two. Each part can take approximately two weeks each thus. An activity schedule will be produced to assign the time and date for each part. Next, a spreadsheet detailing the highlights of the project, audits dates and deadlines must be produced. When all the dates, role allocations meetings schedules and time duration have been set in place, the cost of the completion of the project is to be set. Here each task and materials needed have to be written down together with their estimated cost. The overall budget allocation must be estimated to find out if the funds are available. The cost of the overall project will be around one thousand dollars to complete. Next is the communication plan since the project is now obvious. Communication includes meeting times and project

Why Are Ethics So Important In The Field Of Accounting Accounting Essay

Why Are Ethics So Important In The Field Of Accounting Accounting Essay Based on what you know about accounting, what role do you see it playing in business operations? How dependent do you think a business is on its accounting department? Why? I think that accounting plays a very large role in business operations because it is needed to show the financial status of that business. It is also necessary to know what the status is in order to be able to make important decisions involving expenses and money transactions. I think that a business is extremely dependant on its accounting department for these reasons. The accounting department could almost be considered the back bone of a business in terms of the companys financial success. Without reliable financial reporting a business could incur losses, possibly get audited and possibly even cause a business to go bankrupt. WEEK 1 DQ 2 Why are ethics so important in the field of accounting? Accounting ethics are important because a business relies on the reported financial status to make its business decisions. A business must have accurate reports and know that the business has sufficient funds to continue to operate and be able to pay rent and other bills, pay employees, and to continue producing products and/or offering services. Accountants have acces to inside information and assets that could be detrimental to a business should it enter into the wrong hands. A business needs to be able to rely on competent and ethical professionals with confidence that the finances are being accurately handled and reported. WEEK 3 DQ 1 When reviewing a financial report, why should information be reliable, relevant, consistent, and comparable? In other words, why are these accounting characteristics important? What kinds of problems could be created if a financial report is not reliable, relevant, consistent, or comparable? Information in a financial report needs to be reliable, relevant, consistent, and comparable because many people rely heavily on this information in order to make important business decisions. The report is useless to stockholders, managers, employees, and creditors if the information is not accurate and able to give them the information that they need to make certain business, lending, buying and/or selling decisions. The information must be relevant in order to make a difference in the decisions people make regarding the company and its future. The information should be verifiable so that users know it can be relied on. It needs to be comparable so that different companies can compare performance. The reports should be consistent so that a company can easily refer back to the information if needed in the future. If the information is not reliable, users could make wrong decisions based on inaccurate information and could potentially lose a lot of money doing so. If the report is not relevant, users will not have the information needed to make important business decisions. If the report is not consistent, a company may have a hard time tracking financial results to compare with other years. WEEK 3 DQ 2 How does information from financial reports influence business decisions? Why is it important for business managers to understand the information found on financial reports? Information from financial reports can influence business decisions by offering its user a prediction of what the business future may look like based on how the company has done in the past. If these reports show that the company has done well over the last two periods, then decisions can be made based on the projections that the company may continue to do well in the next period. For example, and investor may see this information and decide to put money into the company because he/she believes that the company will continue to make profits as it has been doing recently. A creditor may decide to lend money to expand the company because it see in the reports that the company has been doing well and should be able to repay the debt. Managers need to be able to understand the information on financial reports because they need to   make important business decisions for the future the company based on the companys expenditures, production, and profits or losses. WEEK 5 DQ 1 How would you describe the difference between financial and managerial accounting? What are the distinguishing features of managerial accounting? The main difference between financial and managerial accounting is that managerial accounting is for internal users such as officers and managers. Financial accounting, on the other hand, is for the needs of external users such as stockholders, creditors, and regulators. Though each field of accounting deals with the economic events of a business, managerial accounting is done with the purpose for making specific decisions in regards to the company. The distinguishing features of managerial accounting are that internal reports are produced as often as needed, they are very detailed, and there are no independent audits done on these reports. WEEK 5 DQ 2 Select a management function (planning, directing and motivating, or controlling) and explain how that function relates to business as a whole. Next, select a different function listed by a classmate. Discuss with your classmate how the functions you each selected complement each other.   Directing and motivating is a management function that is important in any business. It is essential to any company to make sure that all business operations are running smoothly. This involves implementing planned objectives and providing necessary incentives for employees as well as selecting executives, appointing managers and supervisors, and hiring and training employees. I worked at Circuit City for four years and I can share now from experience just how important motivating employees is and how badly a company can suffer without proper motivation and incentives. This is something that this company really lacked on (at least the one I worked at did) and now it has gone out of business. I am sure that there were many other reasons involved for why it went out of business, but I never felt in my fours years there that me or any other employee was ever really motivated by management and there was really no extra incentives to being a good worker. The company had an very high turn around rate for employees and managers and they were never trained well. I pretty much had to figure everything out on my own when I first started working there. I had probably about seven different managers in those four years and some I dont think ever even knew my name! WEEK 7 DQ 1 You know how important it is to create budgets for your household. How does budgeting help management make good business decisions? Budgeting can help management make good business decisions that will help them to maintain enough cash to pay the companys creditors, to have sufficient raw materials to meet production requirements, and to have adequate finished goods to meet expected sales. Budgeting is important for management to be able to plan ahead and to be able to help the company to reach its financial goals. Good budgeting also provides and early warning system for any potential problems so that action can be taken beforehand. Budgeting also helps management make good decisions because they are likely to be more motivated to reach goals if the companys objectives are laid out before them. WEEK 7 DQ 2 What are some of the different types of budgets? Describe in detail one type of budget covered in the text. Describe what the budget is used for and what information it provides a business. Then, as you respond to your classmates, discuss how the budget you described relates to the budget they described. Discuss how a business benefits from each of the budgets. Some of the different types of budgets are the sales budget, production budget, direct materials budget, and the direct labor budget. The sales budget is the first budget that is prepared and is especially important because each of the other budgets depends on it. The sales budget is made from managements best estimate of anticipated sales revenue for that budget period. The sales budget can affect net income if the projections are not accurate. This budget is relied heavily upon to determine how much inventory is needed to meet the sale demands in the budget period. This budget shows the expected unit sales volume and its anticipated unit price. These expected unit sales volume and the anticipated unit price are multiplied together to determine what the total sales budget will be for the year. CAPSTONE DISCUSSION QUESTION Think back over what you have studied and learned in this course. Do you have a new perception of or appreciation for the field of accounting and how it contributes to business? Explain. I can honestly say that I have a new appreciation for the field of accounting. I had no idea how important accounting was to a business. Accurate accounting is important not only to the business as a whole, but also to the managers, the investors and the creditors. Financial statements, budgets and record keeping are far more complicating than I thought they would be. A person could go on all day and still not cover every aspect of accounting; profits and losses, assets and liabilities, partnerships and corporations, contribution margins, and audits- just to name some.   I also now see why ethics are so important in accounting too. Good or bad ethics in accounting can either make or break a company.

APEC Essay -- essays research papers fc

Asia-Pacific Economic Cooperation (APEC) began in 1989 in reaction to the developing interdependence among Asia-Pacific economies. At first this organization was a group that met unofficially. APEC now has become the crucial provincial conduit for encouraging open trade and realistic economic cooperation. It’s objective is to progress Asia-Pacific economic vitality and the essence of the people. APEC consists of 21 nations and other political units that border the Pacific Ocean. Economic and political alliances have been formed among the countries of the Pacific Rim. APEC's aims include reducing trade barriers among its members and to further trade and investment in the region. Its principles are to support economic growth and development of the region and world economic liberalization, to reduce barriers of the trade of goods, services and investment, and to facilitate economic, technical and investment cooperation among its member economies. (http://www.apec2002.org.mx/sevents)   Ã‚  Ã‚  Ã‚  Ã‚  There are now twenty-one active members in APEC. Twelve nations have been members since the group was formed in 1989: Australia, Brunei, Canada, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, and the United States. In 1991, China, Hong Kong, and Taiwan became members. Mexico and Papua New Guinea joined in 1993, and Chile in 1994. Hong Kong became a special administrative region of China in 1997 but kept its separate membership in APEC. Peru, Russia, and Vietnam became members in 1998. (http://www.apecsec.org.sg/) http://www.apec2002.org.mx/index.cfm?action=content&IdCategory=1&IdSubCategory=7&IdTopic=2   Ã‚  Ã‚  Ã‚  Ã‚  The first two years of APEC, the members set up ten groups that would investigate opportunities for cooperation. The members of APEC meet annually since the beginning of the formation of APEC. In 1993 the heads of APEC met to constitute working groups to inquire about local cooperation in the areas of higher education, human resource development, and trade and investment. They also set up the Pacific Business Forum. The Pacific Business Forum was created to elevate immediate cooperation with privately owned businesses. Through many forums and meeting APEC agreed to implant a free-trade zone in the midst of their countries by the year 2020.   Ã‚  Ã‚  Ã‚  &n... ...ilateralism means that the ideas of other members are not properly discussed. This becomes a problem because the decisions that APEC makes will affect all of its members. A debate over the subject matters of APEC will help to create more momentous steps toward greater trade and investment where exposure becomes an actuality.   Ã‚  Ã‚  Ã‚  Ã‚  Even though APEC has some problems their accomplishments outweigh them. APEC is still working towards its goal of free and open trade with working groups and committees. Working groups inquire about local cooperation with specific topics. APEC is particularly important in making the region focus on issues of trade and opening the global market.   Ã‚  Ã‚  Ã‚  Ã‚   Works Cited http://usinfo.state.gov/regional/ae/apec.htm http://www.noie.gov http://www.apecsec.org.sg/ http://www.apec2002.org.mx http://www.apec2002.org.mx/sevents http://www.apec2002.org.mx/index.cfm?action=content&IdCategory=1&IdSubCategory=7&IdTopic=2 http://www.apecsec.org.sg/loadall.htm?http://www.apecsec.org.sg/workgroup/fish.html http://www.mac.doc.gov/internet/aplacfaq.htm http://www.brook.edu/dybdocroot/comm/PolicyBriefs/pb026/pb26.htm

Absolutism And Democracy Essay

What form of government was most effective-democracy or absolutism- for the seventeenth and eighteenth centuries in Europe? During the seventeenth and eighteenth centuries there were two forms of government. The two forms of government were democracy and absolutism. Both of these forms of government were effective in their own ways. Absolutism though was the most effective during this time. Absolutism is when the ruler has unlimited power. Many rulers had a democracy government but absolutism was more effective because the rulers had all the power and it was hard to take advantage of them rather than a democracy where many rulers can get over thrown by the people of that country. Machiavelli, who wrote The Prince, felt that the best way to rule was to be feared. He wrote in his book The Prince, â€Å"Men have less hesitation in offending a man who is loved than one who is feared, for love is held by a bond of obligation which, as men are wicked, is broken whenever personal advantage suggests it.† What he means by this is that if you rule by fear people are less likely to defy you than if you rule w ith love. This would be extremely helpful when running a country. King James I also believed that absolutism was the way to rule. He thought that kings were like Gods therefore he believed in Divine Right. Divine Right is the belief that kings get their authority from God. â€Å"The state of monarchy is the supremest thing upon earth; for kings are not only God’s lieutenants upon earth, and sit upon God’s throne, but even by God himself they are called gods†. What he means by this is that Kings have every right and power needed to rule. With Kings having every right to rule there would be no questions as to whether or not a King is fit to rule King Louis XIV believed in absolutism. He once stated â€Å"The head alone has the right to deliberate and decide, and the functions of all the other members consist only in carrying out the commands given to them. . . . The more you grant . . . (to the assembled people), the more it claims. . . . The interest of the state must come first.† King Louis XVI is saying that if a  country is ruled by a monarch it is more organized. He also says that people are greedy, so they are more interested in themselves and not the country. He says that Absolutism is the government that makes sure the country is taken care of. The interest of the state must come first, otherwise the entire country would collapse Even though absolutism was the most effective form of government during the seventeenth and eighteenth centuries many philosophes believed in democracy. Democracy is when the people of the government have a say in what goes on in the government. One philosopher who believed in democracy was Voltaire. He believed that people’s freedoms are essential, especially the freedom of speech. He once wrote â€Å"I may disapprove of what you say, but I will defend to the death your right to say it. . . . The best government seems to be that in which all ranks of men are equally protected by laws. . . .† He is stating his belief in the right of free speech, and that democracy is best. While his beliefs are tempting to many people, if the government did as he believed, there would be nothing but chaos. At that point in time, the people’s minds were not as smart and reasonable. This type of government would end terribly. John Locke is another philosopher who believed in democracy. He wrote in Two Treatises on Government â€Å"Men being . . . by nature all free, equal, and independent, no one can be . . . subjected to the political power of another without his own consent. . . . To protect natural rights governments are established. . . . Since men hope to preserve their property by establishing a government, they will not want that government to destroy their objectives. When legislators try to destroy or take away the property of the people, or try to reduce them to slavery, they put themselves into a state of war with the people who can then refuse to obey laws.† If the governments did as Locke proposes there would be so many revolts about little thi ngs, that nothing would ever get done. Also when Locke states â€Å"no one can be subjected to the political power of another without his own consent† that is untrue. If the majority of a population votes for someone to be put into power, the smaller portion of the population that voted against that person will, in fact, become subjected to the political power of another without his own consent. Baron de Montesquieu wrote in The Spirit of Laws â€Å"Although the forms of state-monarchy, aristocracy, and democracy- were united in English government, the powers of government were separated from one another. There  can be no liberty where the executive, legislative, and judicial powers are united in one person or body of persons, because such concentration is bound to result in arbitrary despotism.† What Montesquieu is saying is that if there were separate powers, there would be liberty. That may be true, but with one absolute monarch the government would be more effective. Everything would get done faster. Both Absolute and Democratic forms of government were effective in their own ways, but Absolutism was the most effective during the seventeenth and eighteenth centuries in Europe. Absolutism brought on faster solutions to problems. It also was in the best interest of the whole country, and kept the needs of the state first. It kept everything in order, and raised little questions from the people. Overall absolutism was the most suitable government for Europe at this time.

Prevention of Absenteeism in Organisation

How to reduce absenteeism in organisations 1. Identify the causes for an employee’s absenteeism. If you can find out why an employee is consistently absent, then you can deal more effectively with the problem. For example, if an employee is often absent because of issues with childcare, you could offer them the option of more flexible working hours. 2. Implement a thorough record system. For every employee, you should record the date, duration and reason for each case of absenteeism.This way you will have evidence of each absence if you need to refer back to it. 3. Meticulously follow up on each case of absenteeism. You should write a letter recording each case of absenteeism and distribute it to the employee. This will make them aware they are being monitored and make them more likely to think before they take a sick day. 4. Properly inform and regularly update your employees about your standards and policies regarding absenteeism.If you make a change to your absenteeism poli cy, make sure you let your employees know. Even if you don’t make a change, you should still remind your employees regularly of the standards you have in place. You could do this via a company-wide email or memo. Employee absence is a significant cost to 90% of businesses, according to the survey. This section outlines ten tips to help you in managing absence and tackling poor performance in the workplace. Top 10 Absence Management Tips: Create an absence policy and communicate it 2 Record and measure absence 3 Reduce absenteeism by enforcing and managing the staff absence policy 4 Follow employee absence with return to work interviews 5 Proactive absence management – reward excellent attendance 6 Be realistic – plan for unscheduled staff absence 7 Consider unpaid leave or options to buy more holiday time 8 Minimise absence by improving their working conditions 9 Make controlling absenteeism a business priority 10 Keep your staff absence policy up-to-date