Finance

The existence of virtual universities in the modern world and in the future is now a reality more than ever in the history of the world. During the invention of the internet, the rush to create websites by companies was referred to as a gold rush that would eventually fade away. That assumption has however been proved wrong as the world has become significantly computerized with all enterprise adopting use of customized computer generated software. This is a pointer to the fact that the evolution...

Chinas earlier exchange rate have been controlling the capital outflows surplus running on both the overall current and capital account in its Balance of Payment, and accumulating in large amounts the the international reserves. This was not the best system to be adopted as there was a significant undervaluation of the currency, the renminbi (RNB). The China RNB undervaluation is at a preliminary estimates of 15 to 25 order. Anyway the currency misalignment in this manner could be corrected through...

The trend of forecasting and estimating the future has always been a difficult one for companies across the globe. The 1930s was the initial period when development into forecasting and predicting models for businesses became relevant for managerial decision making. The use of forecasting and predicting models of consumer demand was the initial area where managers liked to get forecasts for. Ford Motor Company was one of the pioneers in the Western half of the world that used forecasting to make...

In analyzing the concept of religion in Europe, one aspect that seems prevalent is the dominant Christian memory. The question that often arises queries the extent to which religion is still intact in modern Europe. Gracie Davie poses the dilemma that arises which she postulates to be individual definition of the term intact (Davie 176). It therefore follows that there could only be two faces to the resulting scenario. One way is to look at the intactness of religion as the existence of the memory...

Risk is defined the result of unreliability on objectives, both positive and negative. It is a chance or possibility of danger, venturing on something new that involves determination to succeed or accepting the chances of something.  However, Management, is the ability to have control of a workforce, administration of business organization or public undertakings Risk Management and Development Barrese (2006) the assessment, identification and prioritization of risks along with economical application...

In 2008, General Motors was recorded as the third largest automaker in the Fortune 500 by revenue. The company was the largest automaker, by sales, in the United States and the third largest in the world, by sales. With production in 34 countries, GM employed 244,500 workers around the world and sold and serviced vehicles in over 140 countries worldwide.On 1st June, 2009 filed for Chapter 11 Bankruptcy Reorganization. Not only was it the largest bankruptcy of the year for the US Retail Industry,...

Financial Overview and Personal GoalsThe fact that the Simpsons have started thinking about their financial well-being, begun to budget their cash inflows and outflows and are trying to make up a savings plan for their various goals is a good start and the first step to financial management. However, their cash flow statement (See Appendix A), tracking their cash inflows, and their various cash outflows, shows that the Simpsons expenses are exceeding their income by around 35 a month. This is contributing...

The financial sector is one of the most important industries of the world. Not just because it involves large funds and astronomical figures, but, it is this industry which drives the entire world. The financial sector is more globalised than ever and every transaction of it impacts a large population in some way or the other.The financial sector is largely dependent on the consumer and customer service forms an integral part of it. Be it any financial organization, banks, stock broking companies,...

When companies undertake global business, they take a risk since their business operations and investments are likely to be adversely effected by alterations in the exchange rates for dissimilar currencies. This type of risk is referred to as exchange rate risk. Increasingly, a number of business companies are scrambling for a share of international market, especially in third world countries, and putting funds in foreign stocks. However, all economies including the most developed, experience downturns...