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Ethics
Reflect and describe which key concepts and topics in this course have made you a stronger candidate to enter the business world.
The concept of taxation is very important to the average American. For one, the government in the near future may increase taxes as the economy begins to recover. These tax revenues will ultimately be used to fund entitlement programs that don't necessary benefit society at large. Therefore, knowledge about taxation and its subsequent intricacies is vitally important for a younger American citizen entering the workforce.
Taxes, in my opinion are an expense to an individual. Similar in concept to auto insurance, electric bills, phone bills, and cable bills, taxes should be deemed an expense in a citizen's mind. As such, the key goal for any citizen therefore would be to reduce taxes, legally, as much as possible. This course, has taught me methods in which to do so effectively in regards to my personal life. IRA accounts are of particular interest to me in my personal life. This course has provided the foundation in which I can research relevant avenues in which to reduce my personal tax burden, once I begin my career. The techniques and knowledge I have gained from this class will reduce my personal taxes while allowing...
This will be of immense benefit to me, as this course will directly benefit my quality of life for years to come.
In regards to business, knowledge of taxes will be extremely important as businesses grow and mature. Tax burdens have a significant impact on profitability. In the United States in particular tax rates vary from 35% to 40%. Currently, congressman are entertaining the idea of increasing corporate taxes in an effort to alleviate some of the fiscal deficit incurred in years past. This undoubtedly will affect business as less money will be used for purposes of innovation, product desire, employee hiring, manufacturing, and so forth. The more taxes corporations pay, the less money is available to expand operations. As such, I must have a serious working knowledge of taxes and their implications of business activity (1). It is also beneficially to have a basic knowledge of finance in an effort to determine what projects are more beneficially on a risk return basis than others. This is important as an increase tax burden will require more thorough investigations of potential investment opportunities. This is because money will not be available, due in part to the tax burden, to undertake all the needed initiatives the…
References
1) "Small Business Taxes & Management." Small Business Taxes & Management. Web. 04 Apr. 2012. <http://www.smbiz.com/sbrl001.html>.
2) "Why Taxes May Be the Most Important Issue You Address in Your Portfolio." CBSNews. CBS Interactive, 26 July 2011. Web. 04 Apr. 2012. <http://www.cbsnews.com/8301-505123_162-37842680/why-taxes-may-be-the-most-important-issue-you-address-in-your-portfolio/>.
Ethics Must Be Global Not Local Ethics Must Be Global, Not Local International Business Requirements Global Operations Global Business Ethics The large business units expand their operations in global markets through their own presence as well as franchising and distributors. The business operations are expanded on the basis of various standard practices. The business freedom provided by countries and various global practices are utilized as a basis for taking global operational decisions. The business also
Any kind of other personal information that is collected will be securely stored and monitored by the Chief Investigator. ("Information Privacy Principals," 2010) 5.2 Give details of the arrangements that have been made for the safe storage of the data and also the measures, which will be adopted to protect confidential records about research participants? (a) During the study. All data will be securely stored under lock and key. (b) After the
Therefore, corporations have had to change their viewpoints and start looking at the long-term consequences of their behavior, as well as looking at the bottom line. Businesses also have to be concerned because consumers have also become aware of environmental concerns, and many consumers are demanding earth-friendly products and have shown a willingness to pay more money to competitors who observe environmentally-friendly practices. Interestingly enough, this demand has given rise
Ethics are often stronger than the laws of the land. Laws are cobbled together by special interests and have little to do with right and wrong, or personal ethical codes. For most people, their own personal codes of ethics will be stronger than the laws. People are much less likely to violate their own personal ethical codes than the laws. Morals are codes of conduct put forward by a society, often
His team mates attest to the beating incident as unique and isolated and would rather not dwell in it. It also occurred because no sufficiently open relationship has been established between Victor and Tom, which could have avoided the aggressive act and Tom's insubordination. Nevertheless, Victor realizes his duty to remedy the situation and offers to indemnify Tom for the injury right the next day. Tom realizes his own
Ethics of Good Business vs. Gender Inequality in Health Care In excess of any other organization, concerns that deal with patients and their well-being are of utmost significance in the healthcare industry. This is since; individuals in this business are dealing with such circumstances and environments, every day, which have a direct manner on another person's way of life. That is why, it is compulsory for all healthcare organizations to have