World Trade Organization

The World Trade Organization (WTO) is an international organization created for the purpose of the liberalization of the international trade and the regulation of trading and political relations of the member states. The WTO is the successor of the General Agreement under Tariffs and Trade (GAUTT), having been operated since 1947. The WTO was founded on January 1st, 1995, based on the system of mutual arrangements (that is the Uruguayan round) between the member countries of the GAUTT. It completely replaced the GAUATT after an annual period, on January 1st, 1996. The WTO purposes are liberali ...

World’s Poorest Countries

The study will be conducted from most of the world’s poorest countries which will mostly include Africa, Asia and Latin America. Most of the worlds most affected regions come from sub-Saharan Africa and most of the research will be centred on these regions. Major studies have been conducted on finding out various mechanisms that can be used to eradicate poverty in Africa and they will be used as case studies for comparison purposes. The most common studies are in health care and this can not be isolated as a case study since lack of proper health facilities is attributed to poverty and this pr ...

World Economy Should Be more Globalized

The global economy has been unequal for almost the past two centuries. The inequality has consequently led to the evident enlarging economic gaps between nations, though not particularly within nations (Tobin, 1998). Ridiculously, it is in this same period that some leading economists have been claiming that the world economy has been more integrated globally. This has made some economists develop the feeling that there is a relationship between economic inequality and global economic integration. Heightened globalization mitigates the effects of unequal treatment between nations particularly ...

Workplace Safety Enhancement

With the advent of the twentieth century, the number of the commercial enterprises has increased significantly. The state companies have, in their turn, increased their production activity. Moreover, the number of the employees has been increasing permanently, and the change in the character of production has become evident. Before the 50th of the 20th century, the production was manual or mechanical, and the importance of the safety conditions was particularly highlighted. Extensive protective measures were invented by the International Labor Organization, local organizations of the individua ...

Working with Financial Statements

The revenue recognition principle is a critical component in accrual accounting along with the matching principle. Both of these principles are useful in determining the accounting period in which expenses and revenues are acknowledged. Based on the revenue recognition principle, revenues are acknowledged at the time they are realized and earned regardless of the time when the payment is made. In contrast, in cash accounting, revenues are recognized at the time cash is received without regard to the time of selling the goods. Under the general rule, received advances are not viewed as revenues ...

Words Regarding the Business

The most significant presentation of any project analysis to define its basic paradigm and department for which the project is working for. The study is about to establish an analysis about the project and individual performance analysis (Hazelgren. B. & Covello .J, 1994). Inevitably the stance of project management is quite indispensable from the standpoint of an organization. In this short analytical report, we will make a plan, a business plan rather of a sole proprietors business. We have used the cost and budgeting analysis and some of the major project management analysis in this report. ...

What Capital Budgeting Is

Capital budgeting is a financial management technique used by individuals and business organizations in determining the most appropriate investment decisions to make. In most cases, individuals, as well as profit-making organizations, have to choose from a variety of investments options available and select the most profitable or viable option. For business organizations, capital budgeting entails determining the most viable projects, in which organization may inject its financial resources. It entails financial evaluation and comparison of investment projects (Shapiro, 2010). Capital budgetin ...

Walker’s Plumebering Finance

Leading scholars in the field of micro and macro-economic detect several major types of the company financing. But before I delve into the details of this very case, I find it necessary to recapitulate for you the key elements of the corporate finance nature. Primarily, the business area of corporate finance covers those aspects connected with all pecuniary processes that accompany every business project and analytical tools applied to take proper managerial decisions. It widely assumed, that two types of corporate finance exist – long period finance (more than 5 years) and short period financ ...

Wal-Mart

Wal-Mart like other companies wants to gain competitive advantage by increasing its customer base and market share. For Wal-Mart Company it focuses on employees, management, customers, and the organizational culture because it will help the organization achieve its set goals and objectives (Birchard & Marquard, 2007, p. 122). The manager’s philosophy and management style will impact on the employees. Managers at Wal-mat are giving the employees explicit and clear instructions to make them feel part of the organization. In addition, it is important because managers at Wal-Mart are progressively ...

Virtual Communities

A virtual community could be defined as a social network of people who are brought together and enabled to interact through a particular media, with a possibility of crossing political and geographical boundaries with an aim of chasing after a particular goal or interest. Remarkably, one of the most prominent virtual communities is the social networking services that comprise diverse online communities. In this regard, the conversion of Sporting Publications into an E-Zine version of the cricket magazine would promote the interests of Cricket E-Zine and thus attract subscribers. There are diff ...