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Preview: ... tion to the above factors, a company must be able to repeat profit earning activities. Profits are the excess of revenue over expenses, and is an amount whose measure is taken at a particular point in time. Just because a company earns a profit does not mean it is profitable. Many bankrupt companies have earned profits, yet, due to their lack of profitability (meaning thier ability to convert profits into cash in the business repeatedly) have had to close down. Companies have both short term and long term expenses and earning cycles. Profit can be earned in the short term, but lost in the long term if a company fails to protect its ability to meet its long term obligations with the short run profits it makes. This is the predicament Enron ran into, when its quick bucks earning profit style finally caught up to is long term debts, leaving the company unable to pay them<br>Week1 DQ2<br>The law of supply and demand is that when the price is high then the demand will be low. On the other hand, when the price is low, the demand will be higher. Now when the quantity is low, the price will be higher and vice versa.<br>When there is a high demand for something, the company will tend to want to raise prices so that they are able to make more money. If the demand is low, they will lower prices at times to get people to buy the product.<br>Week3 DQ1<br>The case that I chose was “Is it right to use child labor?” My thoughts on this issue are pretty mixed. I have 3 children of my own and there is no way I could, or would, let them work at all being that young. It is even worse that they are paid practically nothing and they lose almost all their childhood working in horrible conditions for an insane amount of hours. I have always heard about Wal-Mart being scrutinized by people who say they get goods from suppliers who have sweat shops and use children. I am an avid shopper at Wal-Mart and have never really believed what people say. It is a relief to read this article and see that they have strict regulations against suppliers and refuse to buy from suppliers that employ children. The sad fact of the matter is that in those extremely poor countries, a child working like this is a part of life. Many times, there may only be one parent and they have to work as much as they can to help the family survive. It is also known that in these countries, pay is very small no matter who you are. The dad may work, but it is not even close to being enough to feed family, so the child(ren) also has to help so that they do not starve to death. I feel that these conditions are cruel, and it is a good idea to have universal regulations about the conditions they work in. This would include the environment, hours, and ensuring they get adequate breaks and rest. Better pay would also help families so that they could survive, and the child w ...

The full tutorial is about 2542 words long plus attachments.

Attachments:
DQ1-9.doc (54K)