Business Regulation Simulation Situation Analysis Issue and Opportunity Identification Alumina Inc. is $4 billion manufacturing company operating in eight different countries around the world with the United States accounting for nearly 70% of their sales. Based in Erehwon near Lake Dira they manufacture packaging materials for the automotive industry, bauxite mining, alumina refining and aluminum smelting. The key players of the organization are Roger Lloyd Chairman, Chris Blake COO
Alumina: Business Regulation Simulation Abstract This paper identifies the key facts, regulations and legal issues in the Business Regulation Simulation regarding Alumina, a global multibillion company. It identifies several of Alumina's values and stakeholders and discusses the conflicts among the competing stakeholders according to the simulation. In addition, a summarization on the basic issues on how the internal counsel handles the regulatory issue. Three alternative solutions
Recognizing and Minimizing Tort and Regulatory Risk Plan Business Law LAW531 June 14, 2010 Recognizing and Minimizing Tort and Regulatory Risk Plan Organizations in today’s business world must deal with regulatory risks such as tort liability daily. Proper management and preventative measures can reduce a business’s tort liability and remains the key to a successful business. Federal and state laws and regulations are enforcing severe fines and penalties for damages. Failure to comply
Business Regulations Simulation Law/531 Business Regulation Simulation When conducting business whether it is local and global, big or small organizations have to abide by state and federal laws. Depending on the nature of the business different organization has to comply with certain laws and regulations. For example, retailers like Wal-Mart, Target and Kroger have to comply with the Department of Labor and a manufacturing company like LM Fiberglass and Toyota would
Supply and Demand Simulation The economy is a practice that relies on principles and concepts. The different focuses are based on a Macro and Micro perspective that creates the commercial and consumer environment. It is important to understand how these principles and concepts relate to the environment to create strategies that will, in return create profit and confident investments. The supply and demand simulation highlighted the important of just that from a commercial setting. Today’s housing
market constitutes of 70% of its sales. The company manufactures automotive components, alumina refining, bauxite mining and aluminum smelting. Alumina falls under the jurisdiction of region 6 of the Environmental Protection Agency (EPA). As the business manager in Alumina Inc., I am leading the effort in managing a crisis arising out of allegations of environmental damages. (University of Phoenix, 2008) In this paper, I will identify the legal issues and note the legal principles that apply. The
KEABETSWE PHUTHEGO 200903371 ELB 504 GUIDED STUDY IN BUSINESS EDUCATION TOPIC: ADVANCING ENTREPRENEURIAL SKILLS AND ABILITIES THROUGH THE USE OF SIMULATION GAMES IN SECONDARY SHOOL BUSINESS EDUCATION DUE DATE: 8 APRIL 2016 INTRODUCTION What can we as teachers do to influence our learners to become entrepreneurs? The government of Botswana has been over the years working tirelessly in trying to curb unemployment more especially among the youth, as well as motivating them to venture into different
taking one course during summer session II, two classes during Fall 1 and the last class during Fall session II. I plan to sit for the Auditing and attestation (AUD) portion of the CPA exam in February 2017, following the Business Environment Concept (BEC) in June 2017, the Regulation (REG) in September 2017 and the last portion of the exam Financial Accounting and Reporting (FAR) in December 2017. These are the following requirements I need in order to sit for the CPA exam: • Completion of 120 semester
WEEK 6 Business Ethics Simulation 1. What should CEO Werner say to the Division Chiefs? Is the decision ethical? Why or why not? I think from looking at and seeing the three choices, I would tell the Division Chiefs that: "With what is going on a lot of companies are doing business with China right now. How do you be different and get around the problem?" I don't think that this decision that was given is ethical because it is the senior officers of the company that are making the ethical
Regulatory risks are risks associated with the failure to comply with a whole host of governmental regulations. Such risks impact a company’s existing assets, earnings, and often, reputation. In the context of tort liability arising out of non-compliance of government regulations, it is in every company’s business interest to allocate resources to identify those risks, and to implement action plans to avoid such risks. In the event those risks do materialize, the company needs to have system in