Analysis on New Drug Policies in Hong Kong - 1555 Words

Analysis on New Drug Policies: The drug policy in Hong Kong is a complete ban on drugs. While some statistics have shown lesser drug use in recent years, its probably due to more hidden use. (CSD FA1. Given the recent study showing the loss of productivity from incarceration, we shall analyze new policies towards drug use especially the proposed legislation involving legalization of Marijuana. Effects of proposed scheme of Legalization of Marijuana: Economic: Taxation of Marijuana are regulation. This would provide extra income for government. However, if the tax is too high, than given the difference between production costs and the price in the legal market, smuggling may continue, as with the situation of smuggled cigarettes in Hong Kong where one in three is illicit(Ngo Jennifer). Hong Kong on bans smoking in indoor public areas, however the tax on cigarettes is very heavy, this in turn encourage vast amounts of smuggled cigarettes in Hong Kong. If the same were to happen to Marijuana, than that would defeat the purpose of regularizing it, neither preventing the profiting of the criminal organizations, nor taking them from hands of the young. Neither would the cost of incarceration from drug related crimes diminish significantly, as illegal Marijuana must still be prosecuted. Calculation of cost to society cannot be measured simply by dollars spent on prosecution or loss of productivity from jailing. What the effects of legalization would depend on the elasticity ofShow MoreRelatedInternational Marketing: Case Study of Sony Corporation2556 Words   |  10 PagesCorporation is one of the leading global companies in the IT industry, creating products such as television sets, video games, telephones and so on. Currently, the company is assessing its position in Hong Kong in an effort to identify the success chances of its DSLR camera. The market place in Hong Kong is generally appealing to the companys prospects regarding the sale of its DSLR camera in the region and this is due to a stable economic context, a simplistic and free political regime, as well asRead MoreDrug Abuse in Hk8526 Words   |  35 PagesThe Causes of Drug Abuse in Hong Kong Prepared by: Table of Contents Introduction---------------------------------------------------------------P .4 Causes of abusing substances by young people P.5-6 Causes of Abuse and Difficulties of Giving Up P.7-8 Motivations hindered behind for risking lives-P.9-10 Hong Kong Youth Caught in Wave of Ketamine Addiction P.11-12 Insights into the motivations of the drug user in Hong KongP.13-14 Conclusion----------------------------------------------------------------PRead MoreComparison of business ethics in different countries.3369 Words   |  14 PagesContents Business Ethics compared in three countries: U.S.A., Hong Kong, and Russia. 1.Introduction 2.Issues 3.Importance of issues 4.Advantages/disadvantages of the presence or lack of business ethics 5.Safety, ethics, welfare 6.Comparison of ethical business in several countries 7.Conclusion--Which country is the leader of business ethics Three Main Issues: 1.What is the current knowledge and participation of each country of business ethics? 2.How do the countries use business ethicsRead MoreThe Role Of Social Networking Platform2493 Words   |  10 Pagesmedia† that impacts both economic and political activities. 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The Undisputed Truth About 500 Word Essay Samples That the Experts Dont Want You to Know

The Undisputed Truth About 500 Word Essay Samples That the Experts Don't Want You to Know This writing company makes sure their papers are all the amazing quality and all the customers are pleased. If you neglect to deliver a very good paper, it can have rather negative consequences to the detriment of the education procedure. The increasing number of essay writing services is wholly overwhelming. Moreover, our academic writing teams are wholly aware small business laws, company laws and taxation laws followed in various nations. Now, getting serious, think of what question you're attempting to reply. Usually, it doesn't take too long, but everything depends upon this issue you pick. On occasion a superior instance of what you're attempting to achieve is well worth a 1000 words of advice! Taking the time and effort in writing a really special statement within the established word limit is vital to your application. Whispered 500 Word Essay Samples Secrets Your 500 words essay is an instance of your writing skills, talent and a comprehensive research, therefore it is required to know its common structure to be in a position to present yourself in the very best light. There are hundreds and hundreds of essays delivered on daily basis, which means you will need to ensure your ideas stick out from the rest and that it is possible to give rise to the audience. In case the topic isn't familiar to you, you are going to have to conduct additional research. Just be sure you decide on an intriguing topic and have sufficient time in advance to polish your essay! The Number One Question You Must Ask for 500 Word Essay Samples When there is anything you're able to cut from the essay without doing any damage to the general significance of the piece, cut it out. Thus, you'd probably have a nap and clear your head. The very first thing you ought to understand, besides a 500 word essay length, is the fact that it requires an outline. In such a way, you can make certain that you don't exceed the necessary amount of words. Purchase a 500-word essay from the very best custom writing service on the net stop wasting time and get timely writing help now! A good idea is going to be to encourage the reader to dive deeper into the topic and find out more about this issue from several sources. To begin with, it grabs the interest of your readers. Depart from your readers with a sense of completeness. When you've finished writing, do something else for some time to let your head off the essay and read your work as though you weren't the author. Although your essay should look as a detective story, there's nothing bad about giving a little hint about a potential evolution of your topic. From time to time, the best method to learn and understand new information is via seeing and understanding work which is already completed. The best thing of writing is that you're able to use your individual style, provide an exceptional strategy and s hare your views with the world. The longest and most essential part of your essay is the body, where you're predicted to display your very best work. You might be asking yourself how many pages this variety of words will take. For instance, if you're using MS Word, the term count is visible in the base of the screen, in the left corner. There are many ground rules of a suitable outline for this kind of essay. Conclusions, given their status in the text, are what stays with the readers when they finish the entire piece. To grab readers' attention from the beginning, the author has to bring a hook into the very first paragraph. Although essay writing is among the most frequent assignments, it may look just like you won't ever learn all the rules and requirements. In conclusion, it appears that assignment essays continue to get a prominent part in tertiary education as an assessment tool. An introduction is targeted at two chief targets. Moreover, to learn to compose an informative essays you need to understand its structure. Even in the event that you use essay samples, attempt to compose your paper by yourself. Informative essays ought to start with completing an outline. It's also advisable to don't forget that the 500-words essay introduction is intended to be brief and informative. You're already acqua inted with the 500-word essay format and structure they are the exact same as for a normal essay, and that means you won't have any problems there. Anyway, this kind of essay calls for a particular outline. Attempt to make independent analysis whether you've managed to get the purpose of your essay. The Worst Essay Topics for College is another really practical post, although it won't provide you any wonderful ideas. The same is applicable to top essay writers.

Business Practices Free Essays

string(195) " contest because the costs associated with litigation would have been greater than the fines, and litigation would have diverted management attention from firm operations† \(Ronald: 507\)\." Business practices came under fire when America’s seventh largest firm Enron collapsed due to unethical accounting strategies. This case triggered a series of unwelcome events where one after the other, large organizations in the US collapsed or run for bankruptcy cover with one case even implicated the infamous Martha Stewart for insider trading. The various deceitful activities of some larger companies resulted in widespread public mistrust of business practices and values. We will write a custom essay sample on Business Practices or any similar topic only for you Order Now Companies as big as Adelphia, ENRON, Global Crossing, Kmart, Qwest communications, WorldCom and Xerox are all under thorough investigation by one of the few reliable authorities, Securities and Exchange Commission (Royal Bank of Scotland). All the aforementioned names were business of international repute that were charged with the unethical act of projecting inflated profits to trick stakeholders and earn higher profits and generate greater revenue from expensive stocks (Royal Bank of Scotland). WorldCom ran for insolvency in July 2002, making it one of the biggest bankruptcies of all times (Royal Bank of Scotland). Both World Com and ENRON hugely overstated their profits and hence committed the major crime of misleading stockholders. â€Å"World Com Inc. , the US No. 2 long distance Company fraudulently overstated profits by nearly 7 billion dollars in last few years. Analysts, brokers and accountants moved like herds to promote their stock† (Royal Bank of Scotland). Enron was another major setback to the industry and economy when its unethical accounting practices resulted in a huge financial crunch. The accounts of the company showed that Enron’s revenues in 2000 were over $100 billion. Enron was growing rapidly as it was selected by Fortune magazine as one of those companies whose stocks were most likely to last the entire first decade of the 21st century. Enron was performing well in all its three business namely energy, wholesale and global services. Enron’s bankruptcy then took the world by complete surprise, as this was not only the biggest collapse in the United States in recent years, it was also the fastest. Before filing for bankruptcy in December last year, Enron was the seventh largest company of the United States as it turned its businesses into monopolies by dominating all areas of its various operations. But a company that looked so powerful only a year ago collapsed dramatically when one of its accountants began raising questions about those shady transactions which had managed to conceal the company’s negative debt position from its accounting books. But slowly and gradually Enron’s problems began unrolling in front of the public and it became clear that all the profits shown by the company were simply an illusion. ENRON as well as World Com both had managed to make these blunders with the Arthur Anderson, that was reportedly, â€Å"one of the top five accountancy firms in the world† that doctored accounting books of ENRON â€Å"and later shredded vital documents at several of their office locations including London† (Royal Bank of Scotland). Ethical crisis in business is definitely a hot issue these days. With no respite in sight and probably no long term solution available, public has become wary of American corporate world. It appears that every other day, a large organization makes headlines for fraudulent actions. What is even more ironic is that these unethical practices have mostly involved large accounting firms: organizations that are created with the sole purpose of providing honest third-part services. The major accountancy organizations that have been found involved in ethical crisis included Arthur Andersen, KPMG, Price Waterhouse Coopers and others (Royal Bank of Scotland). In addition to these â€Å"in May 2002, Myrill Lynch was fined $100 million for over rating various stocks of blue chip companies and apologized for doing so in N. Y district court† (Royal Bank of Scotland). Furthermore, â€Å"many of the analysts of investment/Merchant Banks hype stock prices and profit forecasts of companies with whom they do business with† (Royal Bank of Scotland). Apart from accounting errors, there are other illegal and unethical practices that companies have been consistently resorted to. Unethical activities like â€Å"dumping polluted chemical wastes into rivers, insider trading on Wall Street, overcharging the government for Medicaid services, and institutions like Stanford University inappropriately using taxpayer money to buy a yacht or to enlarge their President’s bed in his home as morally wrong† (Ronald: 505) are the bane of business today. Nonetheless, such unethical practices are undertaken every other day with little or no regard for the well being of people. Sense of social responsibility is thus missing from our mighty corporate world today. Two important cases in this regard are as follows: Allegheny Bottling is one of the Pepsi-Cola Bottling franchises, which came under severe criticism when it was found guilty of price-fixing. It is a common practice which is nonetheless unethical (Ronald: 505). The case went to federal courts where it was decided that since ever senior executive knew of the price fixing practice and did not report it, they were all partners in crime. The court then ordered three years in prison for the entire senior management, some of whom were not directly involved but knew of the plan and chose to remain silent. The firm was also fined 1 million dollars as fine but the problem with the sentence was that a firm cannot be imprisoned under the Constitutional Law and thus what the federal court ordered was not applicable in practice. (Ronald: 505). Another such case that underscores the need for better practices and more ethically sound business code concerned Harris Corporations. This firm had incurred huge losses, amounting to more than $500,000 when they were heavily fined for their fraudulent practices. But instead of pleading not guilty or contesting, the firm quickly and calmly â€Å"pleaded no contest to charges that it participated in a kickback scheme involving a defense department loan to the Philippines† (Ronald: 506). This was an irresponsible strategy to cover up unethical practices of the firm and the CEO explained it later in these terms: â€Å"The firm and its employees were not guilty of criminal conduct; top managers pleaded no contest because the costs associated with litigation would have been greater than the fines, and litigation would have diverted management attention from firm operations† (Ronald: 507). You read "Business Practices" in category "Essay examples" Both the aforementioned cases reflect the loopholes and the weakening moral and ethical values in the corporate world. Nonetheless, the former case pertaining to the unethical practices of the Pepsi-cola franchise reveals that there are various firms that though realizing, knowingly commit crimes and conform to illegal and unethical practices. However, in the latter case, the management as well as the executives performed an unethical act, which they were ignorant of due to vague laws. Consequently, the above discussion reveals that one of the major motivations behind performing illegal acts is the reward that is offered by the executives or the employers themselves to induce unethical behavior for personal gains in terms of huge profits by illegal means. It has been observed that executives who offer bribes to other parties involved in business dealings are rewarded for transgressing code of ethics and many a times righteous individuals are scared to let the cat out of the bag, fearing the dire consequences that might place their jobs in danger. Therefore, another apparent reason of unethical behavior in the workplaces that promotes illegal practices is the fact that employees at all levels are either directly or indirectly rewarded for unethical acts or harshly abandoned by the materialistic world for going against the norm of practicing evils. Another reason as explained by Jansen and Von Glinow through their exhaustive study is that encouraging â€Å"counternorms† in an organization is also a form of promoting unethical standards in a company in order to save the firm’s name or to avoid charges. These experts believe that â€Å"within organizations, it is often considered not only acceptable but desirable, to be much more secretive and deceitful. The practice of stonewalling, willingly hiding relevant information is quite common. One reason for this is that organizations may actually punish those who are too open and honest† (Ronald: 505). There are innumerable examples and real-life situations wherein employees were offered special incentives and bonuses as well as other monetary benefits for deliberately not disclosing the actual picture thereby hiding the true story. B. F. Goodrich is one of the employers utilizing such filthy strategies to gain acceptance and to enhance the international reputation. He offered great monetary gains to all his employees who provided him with and generated pseudo figures, with the help of which, he managed to receive a certificate for high â€Å"quality aircraft brakes† (Ronald: 509). In addition to the above, Metropolitan Edison also bribed their employees and compelled them to keep all the necessary and relevant details pertaining to the Three Mile Island endoplasmic mishap from the governmental agencies and other investigation firms (Ronald: 511). Thus the cases mentioned above lucidly prove the experts view that organizations advocate â€Å"counternorms of secrecy and deceitfulness. Because these practices are commonly rewarded and accepted suggests that organizations may be operating within a world that dictates its own set of accepted rules. This reasoning suggests a second answer to the question of why organizations knowingly act unethically namely, because managerial values exist that undermine integrity† (Ronald: 512). We all know by now that ethical problems exist in firms and when it is not in the form of major unethical practices like accounting fraud, monopolistic strategies or price-fixing issues, they can exist in the form of small white lies. While they may not be intended to harm anyone, but they certainly mislead the public thus creating a huge gap between actual reality and projected reality. And what is really disturbing is the fact that while some unethical practiced are condemned by law, there are others for which no legal respite is available. False advertising is one such issue. False advertising is certainly an ethical issue, which cannot be controlled through legal action. This is because while there are certain trade laws, which prohibit misrepresentation, advertising firms and their clients can always invoke First Amendment in order to retain their right of freedom of speech. But it is the ethical duty of the companies to present their commodities in the positive light without completely altering the reality. There are different ways in which advertising can deceive the viewers and potential customers. The one important method often used by most advertisers is the misrepresentation method where products are made to appear better than they really are. While we cannot do anything about instilling a sense of ethical responsibility in these people, it is still important for the customers and viewers to ignore useless and senseless advertisement. The Editor of The World I (1996) writes, â€Å"The Supreme Court has held that advertising, at least much of it, is protected by the First Amendment’s freedom of speech provisions. Thus, advertising is an important and protected form of speech, similar to journalism or statements of political opinion. So, rather than reject advertising outright, we need to learn how to discern the acceptable and useful from the unacceptable and worthless. Besides, everyone actually does accept and use advertising–namely that which promotes products or services or causes that one favors. † For this reason, while we may not always be able to control unethical problems concerning the business world, we must realize that it is the responsibility of companies to ensure that ethical violations are avoided at all costs. Firm must introduce the codes of ethics and make them suitable according to the nature of the job. These rules and regulations must envelope â€Å"relations with government organizations, relations with customers and suppliers and employee conflicts of interest, honesty, etc. † (Creating an ethical organization). It is also recommended that the organizations â€Å"provide general principles and detailed guidelines, including policies related to violations† and must make sure not to â€Å"overload people with unnecessary information† for that might result in the loss of interest and extreme agitation of the entire notion. Moreover, executives as well as managers are advised to enforce the code with proper training and effective communication. How to cite Business Practices, Essay examples