Hrm 531 Week 1 Term Paper

1. The financial choices we make impact our economy. Think of a recent item you purchased. What factors influenced your decision in making this purchase? Did this purchase impact your local economy? Explain why or why not.

At this time Jeff is engaged in a strenuous body-building program but he also finds time to enlighten his mind.

The purpose of trade sales promotions are to increase industry visibility and to provide discounts and deals (Marshall, Solomon, & Stuart, 2012). Frito-Lay should use co-op advertising, promotional products, and point-of-purchase displays to increase their sales.

Company issues 15,000 shares of stock @ $200 per share to raise $3,000,000 in capital with 5% return (cost of equity)

The Banking Act of 1933 was vital to the nation. As the country was based on a gold standard, the government was only able to inject supplies of currency based on gold in-hand. Prior to the Banking Act of 1933, people had been hoarding supplies of gold due to their fear of the market’s instability. The government needed to inject liquidity into the market, so these supplies of gold were needed. Banks could not make loans without this liquidity. The government established the “Federal Deposit Insurance Corporation,” which would ensure the people’s deposits in banks up to $5,000. This would lead to increased confidence in the banks, as they people’s money would be secured by the government. Banks, with these increased deposits, could loan out more money

You have used money to measure the price, the size of business, total output in the economy, and income. Coins and paper money are called currency. People use currency daily. When you go to a movie, you probably buy a ticket with currency. Coins and paper money work well for small purchases and when payment is made directly from one person to another. But, for large purchases or when payments travels to mail, currency is not practical. A check is a written order to pay money from amounts deposited. Therefore, deposits in checking accounts, credit union share draft accounts, and other similar accounts are considered money. Remember that the most important function of money is as a

Looking back to the outset of the 19th century, it is impossible to say that any real banking system had really been developed in the US. This is to say that, though there were roughly 120 private commercial banks that had been chartered by new state governments, the so-called system was scarcely organized. It was ad hoc in nature and directly linked to the merchant banking practices of the pre-independence period. The years preceding the turn of the century were important because they brought a central banking authority onto the scene. In 1789 the new federal government established a position for the Secretary of the Treasury. As we know, the first to hold this prestigious title was

Before the advent of the Federal Deposit Insurance Corporation (FDIC) in 1933 and the general conception of government safety nets, the United States banking industry was quite different than it is today. Depositors assumed substantial default risk and even the slightest changes in consumer confidence could result in complete turmoil within the banking world. In addition, bank managers had almost complete discretion over operations. However, today the financial system is among the most heavily government- regulated sectors of the U.S. economy. This drastic change in public policy resulted directly from the industry’s numerous pre-regulatory failures and major disruptions that produced severe economic and social

The primitive monetary instruments had a profoundly dynamic assistant nature, had no inborn quality. Their operation did not suggest the utilization of any particular item, but rather just the reference to a theoretical money related unit. Regardless of the possibility that the unique money related unit were symbolized by a given particular stock, this stock never took an interest in the operations, since what was implied was to make a conceptual reference to its worth, and not to trade different merchandise for it. Hence, currency was not, subsequently, created by a flash of brilliance, but rather originated from a need, and its development has reflected, at every time, the readiness of man to orchestrate its currency features to the reality of its economy. Perhaps even more importantly, invention of currency was the mother step in a new monetary system that has led to the birth of electronic banking and credit cards. To infer, pretty much as human advancement from viciousness to development has relied on upon the invention of currency, future advancement will rely on another definition and utilization of

The Banking Act of 1933 was passed by the United States Congress on June 16, 1933. The Banking Act of 1933 is also knows the Glass-Steagall Act, especially when referring to the principal provision of separating commercial banks and investment banking. The term Glass–Steagall Act, however, is most often used to refer to four provisions of the Banking Act of 1933 and only two of those provision restricted or limited commercial bank securities activities and affiliations between commercial banks and securities firms. That limited meaning of the term is described in the article on Glass–Steagall Legislation. Which means, an act to provide for the safer and more effective used of the assets of banks, to regulate interbank control, to prevent the undue diversion of funds into speculative operations, and for other purposes.

In words Newark General Hospital had no affect of volume to the costs of the Hospital, so, there was no change in the volume, which leaded to higher cost.

“Right is right even if no one is doing it; wrong is wrong even if everyone is doing it.”

Ross then talks about the codification of money and markets. Money has been our primary physical entity of currency, but in the past half century the modern financial system has designed a series of conveniences that have allowed people to move away from physical cash. Today citizens have Atm machines, credit cards, debit cards that allowed people to bypass the bank teller to access cash. Although this may be true, it made public's money unsafe and vulnerable to hackers and credit frauds.

The Bank of the United States is a symbol of the long held American fear of centralization and government control. The bank was an attempt to bring some stability and control and was successful at doing this. However, both times the bank was chartered, forces within the economy ultimately destroyed it. The fear of centralization and control was ultimately detrimental to the U.S. economy.

Financial Management is a critical aspect of any business in order to achieve a sustainable and efficient cash flow. It is essential in maintaining the link between a business’s future financial goals (profit maximization) and the resources that it has in order to achieve its objectives. Businesses demand certain common goals that increase a bussiness's all around achievement, Some of which involve; growth amongst assests, An increase in efficiency in all areas of the business whether it be management or not. And the ability to meet short term and long term debts. Finacial management undertakes the responsibility to implement and acheive these goals for the business using a range of strategies shaped to meet the needs of the business and