...Advantages and disadvantages of forms of dispute resolution Negotiation is one type of dispute resolution which requires 2 disputing parties to talk to each other and come to an agreement themselves. One good thing about negotiation is the speed, the process is a lot quicker than using something like a civil court. And the parties will meet at a time that is convenient for both of them, and it will most likely be shortly after the problem that caused the dispute arose, so both parties will definitely be familiar with all the facts. Another advantage is the formality. The process is a lot simpler than other types of dispute resolution, for example the courts, as it solely relies on the parties discussing the issues between them. The terms of settlement can come in any form from a written letter to a physical action against the problem to resolve it. Another advantage is the cost. Negotiation is the cheapest out of all the forms of ADR as there are no legal or court fees, however if solicitors are brought in a later date this could add a slight cost. One final advantage is the privacy. All proceedings are done in private, there is no publicising in media. The disputing parties can be certain that the whole process is confidential and no one outside of the dispute has to know anything about the dispute or the settlement they come to. However there are some disadvantages of negotiation, one of them being the lack of legal expertise. Lawyers are not used in the process initially...
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... HCS/320 June 25, 2012 Kristina Gray Communications Coordinator In this paper I will be discussing the advantages and disadvantages for the drug Yaz. Yaz is a birth control pill that women take to improve their menstrual cycle, and to prevent pregnancy. Yaz has many mild side effects like cramping to nausea; this drug is known for very serve side effects that include migraine headaches, uncontrollable uterine bleeding, kidney disorders, stroke, and possibly death (Drugwatch, 2013). Yaz is also known to put women at a higher risk of hypertension (high blood pressure), blood clots, liver function, disturbances, liver tumors, anaphylactic reactions, changes in glucose levels that can lead to diabetes and worsen lupus (Drugwatch, 2013). The advantage for using social media is that it will spread all over the social networks like Twitter, Instagram, Facebook, and Path. Females that have any of those social network accounts will be the main ones to help put the word out about Yaz encouraging other women to avoid taking this type of birth control. For example, promoting that Yaz has a recall on their drugs will help prevent women lives and their health. Yaz company does not care rather it is taking women lives and making their health at high risk, Yaz company only cares about rather their product is going to sell or how much money they going to make. Disadvantages for putting it on social media, the person who owns the social network receives an e-mail from that company stating...
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...4/8/2013 Chapter 7 Cletis Hubbard 1. Identify and discuss the advantages and disadvantages of having a bureaucratically organized legal profession. “Bureaucratic organizational structures have numerous layers of management, cascading down from senior executives to regional managers to departmental managers, all the way down to shift supervisors who work alongside frontline employees. Due to the many layers of management, decision-making authority has to pass through a larger number of layers than with flatter organizations. Refund decisions, for example, may have to pass from frontline employees, through shift supervisors, to store managers for a retail outlet in a bureaucratic company.” Some advantages are: “Top-level managers in bureaucratic organizational structures exercise a great deal of control over organizational strategy decisions, which is ideal for business owners with a command and control style. Strategic decision-making time can be shorter in a tall organizational structure, since less individuals are involved in the process. Standardization and best-practices are often highlights in companies with tall organizational structures, ensuring that work is consistently completed efficiently and effectively.” And some disadvantages are: “Bureaucratic structures can discourage creativity and innovation throughout the organization. No matter how ingenious a business owner is, it is virtually impossible for a single individual to generate the range of strategic...
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...Advantages and Disadvantages of a Union Abstract This work will describe the advantages and disadvantages of a union for a cashier at Wal-Mart. It will present some ways a union could benefit the cashiers and also ways a union could be harmful to them. Unions could protect the cashiers from the abuse of the company. On the other hand, unions could also abuse in their demands hurting all the employees. Finally, this paper will show my viewpoint on the unions as beneficial or not to cashiers at Wal-Mart. Advantages and Disadvantages of a Union The word union evokes strength. However, when people talk about labor unions, the effects can be both positive and negative. Mathis and Jackson (2011) state, “union is a formal association of workers that promotes the interest of its members through collective actions” (p. 540). Cashiers at Wal-Mart have a lot of responsibility. First of all, they work with cash, products, prices, and, the most important, they work directly with customers providing service. They have a key role in the store. The advantage of having a union at Wal-Mart for a cashier would be that the union would negotiate better pay and benefits for them. Some of the benefits for the cashiers are: 1. Cashiers have to deal with different type of customers and sometimes they encounter difficult situations. With these risks and conditions, a union can protect them from those working conditions and request to keep their work. (Not sure what you mean)Union...
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...The Advantages and Disadvantages of Blood Doping Over the past years, there have been many technological advances in the field of medicine. Some of them have proven to be extremely beneficial in creating a healthier society while others have been used for personal gain. The following essay will outline one of these advances, which is the medical phenomena of blood doping, also known as blood boosting and blood packing. There has been much controversy surrounding the use of blood doping ever since it has gained mainstream publicity. From a medical and an ethical perspective, many consider the use it wrong and immoral. In the following paragraph, we will briefly introduce this concept by describing the process and how it can be utilized. Later on, we will discuss the advantages and disadvantages of employing blood doping. Blood doping is a medical process used to increase the concentration of red blood cells in one’s body to a higher, supraphysiologic level (Shah 167). Athletes who would like to give themselves an advantage competing physically most commonly use it (Foschi, 458). This procedure can be achieved in two different ways. One can ask to have his or her own blood injected or can request the use of the blood of a matching donor. These processes are respectively called autologous and monologous transfusions. The red blood cells are usually removed over an extended period of time. The withdrawn blood is then refrigerated for preservation and finally re-injected...
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...Questions for Critical Thinking 5 Salvatore’s Chapter 10: a. Discussion Questions: 2 and 8. b. Problems: 1 and 5. 2. a) What are the advantages of the Herfindahl index over concentration ratios in measuring the degree of concentration in an industry? b) What is the disadvantage of both? The Herfindahl index is the sum of the squares of the market shares of each member within the industry and is always less than one. One advantage is that the Herfindahl index gives a look at the larger groups in an industry, while concentration ratio just describes the level of concentration the largest members of a specific industry are presently holding. An advantage is that the larger members will have a greater influence on pricing, marketing and other key indicators that a smaller firm will not. A disadvantage is that the smaller members may be greatly influential, or positioned in a spectacular market, and the Herfindahl index will not be able to describe potential that key player small firms may hold. 8. In what way does OPEC resemble a cartel? How successful is it? OPEC, or The Organization of Petroleum Exporting Countries, which is essentially a cartel of oil exporting partners in order to dominate the market, can manipulate the supply of oil in order to keep prices, and profits, high. The 12 member-nations control nearly 80% of the world’s oil along with 44% of the world’s daily production. They have been accused of keeping oil prices high by producing less...
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...brought revolutionary changes in communication between people. These sites provide different resources such as email and instant messages in one place. Availability of these resources makes the communication easy and faster. When we look at the social impact of social networking sites, we find that these sites have both positive and negative effects. Because of this fact, it is necessary to analyze both advantage and drawbacks of social networking sites. Undoubtedly, social networking sites are advantageous to young generation. With the help of these sites, people can communicate and express themselves by exchanging messages and comments. Social networking sites help in establishing connection with people, friends and relatives. These sites can be accessed from any part of the globe. Therefore, a person can interact with any person from any place. For example a student can clear his doubts with the help of a teacher. People having different professions can make groups like doctors, lawyers, students, poets, writers, social workers etc. The most common disadvantage of social networking sites is addiction. Often users of these sites get addicted to it. They spend hours using these sites and it harms their performance in other fields. It causes mental health problems and sometimes it harms their body too. Sometimes users provide their personal information to others which is insecure. We can see clearly that social networking sites are advantageous only if they are...
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...In the book Outliers, Joe Flom faced discrimination because of his faith and as a result, was not able to get a job at law firms. Instead, he was forced to take the “petty” cases involving money. However, after the 1970s, there was a boom in the number of company mergers and takeovers, and companies needed to hire lawyers who knew how to handle the cases involving money. Flom’s experience, the product of adversity became an advantage. He later used this advantage to create a new law firm and became very successful. After reading the chapter about Flom, I was able to connect with him because of an experience of mine, where adversity turned into an opportunity. Recently, my local library hosted a party for students to celebrate the end of the school year. Elated that school was over, my friend and I were in a mood for a party, so when we saw the advertisement for the party online, we immediately trekked to the library to celebrate. When we arrived at the party, we were surprised to see a room full of kids around the middle school elementary school age. The adult hosting the party refused to admit my friend and I in, after she claimed that we were “too old for these things”. She was stubbornly resolute on her decision to prevent us from entering, despite our profuse explanations that we were also students, and there is no age limit on candy, music and tote bags....
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...Critical Thinking 5 Assignment NAME GRADE 76 Questions Salvatore 10: Discussion Question 2 (a) What are the advantages of the Herfindahl index over concentration ratios in measuring the degree of concentration in an industry? (b) What is the disadvantage of both? ANSWER: (a) The advantages of the Herfindahl index are: (1) uses information on all the firms in an industry, not just market share of the largest 4,8 or 12. (2) appropriately gives more weight to larger firms than to smaller firms within the industry. (b) Disadvantage to both is that they may overestimate the market power of the largest firms in the industry. Neither model considers contestable markets; this is also a disadvantage of both. Salvatore 10: Discussion Question 8 In what way does OPEC resemble a cartel? How successful is it? ANSWER: OPEC resembles a cartel because it represents a group of producers that exist with the desire to set prices beyond the competitive level. They do this by controlling supply of oil produced by its members. Much like a cartel, OPEC's decisions are dictated in the manner to which they will provide the greatest profit for the cartel members. (b) Not very successful, when OPEC increased prices beyond competitve levels, the market responded by decreasing demand for product, which in turn decreased production and export activity for OPEC members. A number or geo-political factors have both historically and recently created spikes in oil prices. Find the Herfindahl index for an...
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...out the couple was scammed into believing Walter’s apartment was available for rent. After being confronted by Walter the couple hastily moves out of the apartment apologizing to Walter multiple times for the misunderstanding. From this scene till the end of the movie there are various intercultural communication concepts that are clearly emphasized in the movie which demonstrate the culture differences between the characters. And by utilizing the concepts I have learned in class it has given me a whole new perspective on the movie. One of the main dialectic themes that stems throughout the entire movie is the Privilege–Disadvantage Dialectic. This dialectic is prevalent in each of the characters, although it affects each character differently. The Privilege–Disadvantage Dialectic states that a person may be privileged but at the same time this advantage may cause a disadvantaged. The first character I will analyze in this context is Walter. Walter is very privileged in that he has a PhD and is a college professor. However, because of his job and life style Walter limits his scope of actives he chooses to participate in which ultimately...
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...that can be used when starting a business and those are a limited liability corporation (LLC), and a limited liability partnership (LLP). This report will identify two advantages and two disadvantages when using an LLC and LLP. It will also give the authors description of a personal business idea, along with the writers choice of corporate governance, and what the advantages will be of choosing either and LLC or LLP. Limited Liability Corporation A Limited Liability Company (LLC) is a business structure allowed by state statute, owners of an LLC are called members, most states do not restrict ownership, and so members may include individuals, corporations, other LLC’s and foreign entities (IRS, 2012). It is a corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities (Investopedia, 2013). For tax purposes it is important to remember that in order to be classified as an LLC two or more members need to be a part of the corporation. An LLC has many advantages, one of the most appealing advantages for members of a LLC are the taxation rules because owners avoid double taxation. Another advantage of an LLC is that in most states an LLC is very easy to form, and having limited liability attracts many business owners to form an LLC. One more advantage of an...
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...as sick-leave, paid vacation, health insurance and so on. Plus, a full-time job can be easily turned into a career. The advantages of having a full-time job: fixed salary regardless of the monthly workflow a full-time job usually pays more than a part-time job benefits and bonuses the possibility of getting promoted The disadvantages of having a full-time job: fixed schedules less free time Part-Time The major difference between full-time and part-time jobs is the number of hours you have to work. In case of a part-time job, the required work hours are less than 30-35 a week. Students and stay-at-home-moms usually prefer flexible part time jobs while people with financial obligations need to work full time for a bigger income. The advantages of having a part-time job: fewer hours per week you have time to meet other expectations such as learning for a test, bringing up your child The disadvantages of having a part-time job: a part-time job pays less than a full-time job usually there are no benefits and bonuses besides your salary limited promotion prospects On-Call On-call or standby employment usually does not require you to remain at the premises all the time. You will work only when you are needed, but this also means you will have to have your cell phone and laptop with you all the time. The advantages of on-call employment: flexible schedule...
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...University of Phoenix Material Business Forms Worksheet There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S Corporation, Franchise, and Corporation. 1. Research and provide three advantages and three disadvantages for each business form. 2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to file in order to form that business? Discuss at least one of the advantages and one of the disadvantages of that form. Sole Proprietorship Advantages 1. Owner makes all decisions 2. Owner hires employees 3. Less complicated to start-up Disadvantages 1. If owner dies, the company does as well 2. Owner responsible for everything 3. Self-employment tax Summary Owner has a lot of power when opening a Sole Proprietorship. Human Resources is not needed since the |Can hire employees and make decisions for the business. It is easier to start up. Tax benefit is claiming | |Self employment; not including deductibles or premiums in Health insurance. The business closes once | |The owner is deceased. | | ...
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...profit. Many times people choose partnership because they need to pool finances, but it is also helpful to share knowledge, property, equipment, or business skills. One person may have the knowledge to run the business, but they need someone else with the finances. In some instances, they may start off as a sole proprietorship, but they change to a partnership in order to expand their company. “A corporation is a legal entity created under state law in the United States with an unending life and limited financial liability to its owners” (Melicher, & Norton, 2014). Corporations have shareholders. There are advantages and disadvantages to each form of business. When comparing the advantages of the three business firms, proprietorship and partnerships are similar, but they do have some differences. Corporations have different types of advantages. An advantage of proprietorship is that the owner gets to keep all of the profits. When filing taxes,...
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...main types of business organisations recognised in Scots law as well as introducing the advantages and disadvantages of each of the business organisation. Introduction Business is an organisation or economic system which is always owned by someone and it can be for- profit as most of the business organisations exist for, or no-profit such as charity or agricultural cooperative. There are many types of business organisations: Sole trader, Partnership, Private Limited Company (Ltd), Public Limited Company (Plc), Co-operatives, Franchises and Public sector. The first three types of business organisations will be highlighted in this report as they are the main types of businesses in Scotland. Identification of the main types of organisations recognised in Scots law Sole trader is a type of business organisation started, owned and run by one person. Other term for sole trader is entrepreneur which refers to the self-employed person who manages the business and is responsible for business’s profits and losses. One of the most important features of sole trader is unlimited liability which means that the owner of the business risks everything he owns such as house, car and even the business. Partnership is organisation where a number of people share the ownership of the business. Partnership is a useful form of organisation for professional type of business such as accountants or lawyers. Each partner is an entrepreneur, that is, part owner and exercises joint control. Profit...
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