...Advantages and disadvantages of living in a joint family A joint family was a phenomena found only in India of the bygone days. This really meant that, the parents with all their children and grandchildren stayed together under one single roof. This system could prevail for decades for several reasons. First and foremost, all the children stayed in the same town as, no one went out of the town to another distant town in search of a job. This made it possible for all children to remain in town, and that also in the same house. Secondly, and more importantly, the sons and daughters-in-law were all treated as one family. * you get complete support of family members when ever needed, your children will not left out alone at home when you go for a job, you can share your joys and sorrows with them. * the only drawback of joint family is that you don't get that much freedom and privacy as you can get in nuclear family. you cant hide anything as u r in joint family ..what ever u want to keep secret....everyone can find that..so no privacy. (D) * Another benefit, we don't have to ask for help from others if all family members are living together. Each and every person will share their opinions and take a good decision. * no independent decision making.... * One may enjoy a joint family if there is a good thinking among the members of the family. if not it becomes very hard to sustain the joint family as there will be discrimination arising. So basic pillar...
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...The advantages and disadvantages of Joint Family The advantages and disadvantages of living in a Joint Family have been discussed in this article. Hope that you will find it useful. The joint family is gradually becoming a passing phenomenon. It, however, still survives in some rare instances, but even there the forces of decay are creeping in. Advantages of Joint Family The advantages of a joint family are more than one can count. * It is the best pattern of living that is most conducive to the growth. * It is based on a principle of equitable economy. It holds it as a rule of creation that all men are not equal. Naturally it imposes a kind of unwritten discipline that those who are more able economically shall share some of the burden of those who are not. * The joint mess, naturally, runs on an understanding of mutual adjustment. Naturally those who are benefitted by the generosity of others remain obliged and grateful. * Similarly in a big joint family the study groups of boys are formed according to their age matching. Naturally the cousins study together, play together, quarrel together and are even punished together. As a result there grows in them a feeling of camaraderie that is free from any discrimination of one being a full brother or a cousin. * In marriages also the grooms for marriageable girls become a concern for all the elders in the family. Even if a daughter of a junior brother is selected by someone because of her beauty or brilliance...
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...Advantages and Disadvantages of Living in a Joint Family In: Social Issues Advantages and Disadvantages of Living in a Joint Family Advantages and disadvantages of living in a joint family A joint family was a phenomena found only in India of the bygone days. This really meant that, the parents with all their children and grandchildren stayed together under one single roof. This system could prevail for decades for several reasons. First and foremost, all the children stayed in the same town as, no one went out of the town to another distant town in search of a job. This made it possible for all children to remain in town, and that also in the same house. Secondly, and more importantly, the sons and daughters-in-law were all treated as one family. * you get complete support of family members when ever needed, your children will not left out alone at home when you go for a job, you can share your joys and sorrows with them. * the only drawback of joint family is that you don't get that much freedom and privacy as you can get in nuclear family. you cant hide anything as u r in joint family ..what ever u want to keep secret....everyone can find that..so no privacy. (D) * Another benefit, we don't have to ask for help from others if all family members are living together. Each and every person will share their opinions and take a good decision. * no independent decision making.... * One may enjoy a joint family if there is a good thinking among the members of the family...
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...This report is aim to advice Sheldon around the best business structure for his business called Australian agricultural services. There are six types of business structures under Australian Law, including associations, joint venture, trust, sole trader, partnership and companies. The report briefly explains the reasons for abandoning associations, trust and joint venture and focuses on the advantages and disadvantages of applying sole trader, partnership and companies. Overall, the report provides the best business structure to Sheldon. Associations, joint venture, trust Associations are the business structure for not-for-profit activities (such as sporting or community services groups), which can be divided into unincorporated and incorporated associations. Sheldon’s business is created to make profit. That is to say the associations are irrespective in Sheldon’s case. Joint venture is simply a contractual arrangement between two or more people that they will cooperate to conduct a particular venture or related ventures in a relatively specific period of time. While in Sheldon’s case, it is more appropriate to create a long-lasting relationship, which means joint ventures are excluded. Trust is a separation of legal ownership of assets (Trustee) from beneficial rights (Beneficiaries) attached to assets. In Sheldon’s case, the new piece of machinery developed by Sheldon which will revolutionise farming practices is the assets which could be generate beneficial right...
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...Starting a small business can be very rewarding. A small business can provide flexibility to make time for family or other commitments and interests. It also gives a sense of independence both personally and professionally. A person’s success or failure is of their own merits. But it does not come without its challenges. For starters, you are your own motivator, IT department and finance department. No overtime pay for the countless long hours or in many cases zero benefits. Betty has some tough decisions to make. She needs to decide what form of business would be best for her business, then she needs to determine who, if anyone, will help her run the business and lastly decide if the name she has chosen is suitable. Betty must first decide what business form would be suitable for the coffee house. There are many forms of business entities to choose. Since this is a small business a Public Corporation, Subchapter S Corporation, Closely Held Corporation, Multinational Corporation, Limited Partnership, General Partnership, and Professional Corporation can all be eliminated. Some possibilities for Betty’s business might be. A sole proprietorship is the easiest and least expensive way to create a business organization (Kubasek, Brennan, & Browne, 2012). The LLC or Limited Liability Company provides the advantages of a corporation with the tax efficiencies and flexibility of a partnership (Starting & Managing a Business, 2012). Franchises are relationships based on...
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...recognize the close family bond between same-sex partners. Moreover, most intestacy laws discriminate against same-sex couples in that gay or lesbian relationships are generally considered invalid for the purposes of distributing the estate of a deceased partner who dies without a will. Accordingly, in order to reap inheritance and tax benefits that are automatically afforded to traditional married couples, these same-sex couples must rely on extensive and creative legal planning. There are several tools that provide solutions to this issue. Contract based estate planning techniques are the most commonly used tools for distributing a decedent’s property at death. Though the following planning mechanisms provide certain advantages, they are also accompanied by various disadvantages. II. Wills A will is an instrument by which a person directs dispositions of property to take effect upon death. It is the only document that allows a decedent’s probate assets to pass testate to persons of his or her choosing as opposed to passing via the strict laws of intestacy, under which the surviving partner would receive nothing. Even in the presence of strategies used to avoid probate such as intervivos trusts, wills are an essential precautionary measure to demonstrate the intent to pass property outside of probate, to demonstrate the intent to dispose of personal effects, or “in the event of forgotten or unanticipated assets.” III. Trusts The major disadvantage in trust lies in their...
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...Bose, Debopriya. (2012.) Advantages and disadvantages of Fast Food. Retrieved from http://www.buzzle.com/articles/advantages-and-disadvantages-of-fast-food.html There are 13,000 McDonald’s restaurants just in America alone, along with 8,000 KFC’s in 80 countries. The biggest disadvantage is the tremendous effect on one’s health. In this article Debopriya talks about how in the fast food industries use a lot of sugars, salts, oil, fried meat, cheese, mayonnaise, and clearly they use calories. It may contain harmful bacteria that can make someone really sick. Most Americans consume more calories than that use and that contributes to complications such as cardiovascular disease and other heart diseases. When you fry food it destroys most of the essential nutrients from the food. She also talks about how it can split families apart; she states that since the fast food industry started becoming popular many individuals started going to eat there instead of the traditional family dinner. It can also be very expensive, although it is cheap if you go by yourself it isn’t the same as if you buy it in bulk; It can be a quite an expensive affair. She mentions that people who live within walking distance from a fast food joint are 13% higher risk of suffering from stroke than those who live a considerable distance away. Obesity is a huge problem in America; a bond is formed between fast food and obesity in children. Many problems that you can receive from obesity is high blood pressure...
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...Jollibee Food Corporation Milestones / History 1975 * Mr. Tony Tan and his family opens a Magnolia Ice cream parlor at Cubao. This is later to become the 1st Jollibee Outlet 1979 * Spaghetti Special is introduced * 1st Franchise owned store opens at Ronquillo Sta. Cruz. 1985 * Jollibee becomes the market leader of the fastfood industry. * Breakfast Joys are introduced. * Langhap-Sarap awarded most effective ad campaign in the food category during the 9th Philippine Advertising Congress. 1992 * Jollibee sales hit the P3.365 billion. * Started using frozen patties for its popular hamburgers. * Improved softserve ice cream line by offering fruit flavored ice cream. * Acquired 73% if the Hamburger segment. * Opened another store in Jakarta, totaling to 2 stores in Indonesia. * Jollibee have 112 stores nationwide. * Maintained its advantage over its competitors by acquiring more than 50% share of the fast food industry. 2004 * The Chairman and Chief Executive Officer of the company, Mr. Tony Tan Caktiong was named the Ernst and Young’s 2004 World Entrepreneur of the Year 2008 * JOLLIBEE bested some of Asia Pacific’s biggest multinationals as it bagged the FMCG and F & B Asia Pacific Supply Chain Excellence Award at the SCM Logistics Excellence Award held in Singapore. * JOLLIBEE bested some of Asia Pacific’s biggest multinationals as it bagged the FMCG and F & B Asia Pacific Supply Chain Excellence...
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...Binus International University International Business International Human Resource Management Mid Exam Revision 1 – Introduction IHRM Definition • Covers all issues related to management of people in an international context. • IHRM covers a wide range of HR issues facing MNCs in different parts of their organizations and include comparative analyses of HRM in different countries. HRM Activities • Human Resource Planning (Ensure best fit between employees and jobs) • Staffing (Includes Employee Recruitment, Selection and Placement) • Performance Management (Ensure goals met in effective and efficient manner) • Training and Development (Bettering performance of employees in organizations) • Compensation and Benefits (Awarding employees monetarily or non for work done) • Industrial Relations (Dealing with employee relations) • 3 Dimensions of IHRM: 1. Broad human resource activities of procurement, allocation and utilization 2. National or country categories involved in international HRM activities o Host Country – Where subsidiary may be located o Home Country – Where HQs may be located o Other Country – Where labour, finance and other inputs are obtained from 3. 3 Categories of employees of an international firm o PCN – Parent Country Nationals (Nationals where HQ is located) o HCN – Host Country Nationals (Nationals where subsidiary/facility is located) o TCN – Third Country Nationals (Nationals where resources are...
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...business and specialization, and make recommendations about what Amazon could have done differently Pros Using Amazon.Com to market products guarantees worldwide reach at a nominal price. Advertising techniques like pay per click advertising ensure that the advertiser only pays for the advertisements that are actually viewed. Affiliate marketing, where customers are directed to a business portal because of the effort of the affiliate who in turn receive a compensation for their efforts meeting with success, has emerged on account of e-business. Affiliate marketing has helped both the business and the affiliates. Amazon.Com engaging in e-business has managed to use cost effective online advertising strategies to their advantage. (Simonyi Business and Joint Ventures, 2011) List below are some Cost Effective Marketing and Promotions: • Confirmation email Except when they're part of a co-branded sale, Amazon's use of confirmation emails keeps users in the loop and increases their trust in the overall fulfillment process. • Fulfillment When you buy something, you get it. In the rare case that there is a problem, you get a clear email telling you so. Of course, that's the way e-commerce should be, but all too often it's not when you shop on other sites. Amazon's success with fulfillment clearly proves that the total user experience goes beyond the user interface. • Login screen Amazon's...
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...In a few years, the large family will be considered a thing of the past; today it is no longer a status symbol. A large family is different from a joint family of a few decades ago. A large family may consist of the father, the mother and four or more children. A small family which, because of population increase and food shortage, is considered ideal today may consist of the parents and two children. There are advantages and disadvantages of being member of a large family. Growing up in a large family may develop in one discipline and a feeling for the others - qualities that are desirable for good citizenship. Food and other consumer items will not be sufficient and the members will learn to share things fairly and forego little things that may not be indispensable. Everyone in the family will have his share of domestic chores to do and what he does and the problems of his parents, often train for life; when he too will set up his own home. Thus the children in a large family are likely to grow up as responsible adults conscious of the needs and desires of others. A large family will be a lively family and life at home will never be dull. There will he many to talk to and discuss with. A problem that is brought by one will be shared by all others. When one is in distress, one can be assured of warmth and affection. Every member is a distinct individual and hence the views of the different members on a subject under discussion will be different. What an opportunity to see...
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...In a few years, the large family will be considered a thing of the past; today it is no longer a status symbol. A large family is different from a joint family of a few decades ago. A large family may consist of the father, the mother and four or more children. A small family which, because of population increase and food shortage, is considered ideal today may consist of the parents and two children. There are advantages and disadvantages of being member of a large family. Growing up in a large family may develop in one discipline and a feeling for the others - qualities that are desirable for good citizenship. Food and other consumer items will not be sufficient and the members will learn to share things fairly and forego little things that may not be indispensable. Everyone in the family will have his share of domestic chores to do and what he does and the problems of his parents, often train for life; when he too will set up his own home. Thus the children in a large family are likely to grow up as responsible adults conscious of the needs and desires of others. A large family will be a lively family and life at home will never be dull. There will he many to talk to and discuss with. A problem that is brought by one will be shared by all others. When one is in distress, one can be assured of warmth and affection. Every member is a distinct individual and hence the views of the different members on a subject under discussion will be different. What an opportunity to see...
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...Chapter 1 Globalization and the Multinational Enterprise ( Questions 1-1. Globalization and the MNE. The term globalization has become very widely used in recent years. How would you define it? Narayana Murthy’s quote is a good place to start any discussion of globalization: “I define globalization as producing where it is most cost-effective, selling where it is most profitable, and sourcing capital where it is cheapest, without worrying about national boundaries.” Narayana Murthy, President and CEO, Infosys 1-2. Globalization and Value Creation. What does an MNE need in order for it to create value through the globalization process? Global business, like any business, is the social science of managing people to organize, maintain, and grow the collective productivity toward accomplishing productive goals, typically to generate profit and value for its owners and stakeholders. A multinational enterprise (MNE) needs three fundamental elements in order to build firm value: (1) an open marketplace; (2) high quality strategic management; and (3) access to capital. 1-3. Value Creation and the Concept of Capitalism. How does the concept of capitalism actually apply to the globalization process of a business, as it moves from elemental to multinational stages of development? Open markets and insightful leadership is all for nought if the MNE cannot gain ready access to affordable capital. It is capital that allows the investment...
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...a 68 year old pensioner who suffers with arthritis, her arthritis has been getting worse since she turned 65 and has tried everything within the orthodox health system to try and ease the condition but unfortunately nothing has been successful in helping her and is still suffering from persistent pain. Prescribed medication has been tried to see if that would help Eileen’s condition but she claims to experience awful side effects and would rather not take any medication, because of the side effects Eileen has been experiencing they have started to make Eileen feel overly stressed for no real reason, due to this Eileen has been considering a couple of different complementary therapies which have been recommended by some close friends and family. The two therapies that Eileen has been researching and considering are acupuncture and osteopathy. * Acupuncture is said to help relieve pain by either diverting or changing the painful sensations that are sent to the brain to then alert you to the pain within the body. (Arthritis Research UK) * Osteopathy is also said to help relieve pain that individuals experience for a number of different reasons, this is done by improving mobility and reducing inflammation by using gentle, manual osteopathic techniques. (Hoddesdon osteopathic & sports injury clinic , 2016) Case study – Eileen is a 68 year old pensioner who suffers with arthritis, her arthritis has been getting worse since she turned 65 and has tried everything within...
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...additional securities have been created from the existing securities— derivatives, whose value is based on market value changes in the underlying securities. The health and security of the global financial system rely on the quality of these assets. 1-3. Eurocurrencies and LIBOR. Why have eurocurrencies and LIBOR remained the centerpiece of the global financial marketplace for so long? Eurocurrencies and LIBOR (and there are LIBOR rates for all eurocurrencies) reflect the “purest” of market driven currencies and instrument rates. They are largely unregulated, and therefore reflect freely traded assets whose value is set by the daily global marketplace. 1-4. Theory of Comparative Advantage. Define and explain the theory of comparative advantage. The theory of comparative advantage provides a basis for explaining and justifying international trade in a model world assumed to enjoy free trade, perfect competition,...
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