Cheating in School Versus Cheating in the Real World :: Business

Cheating in School Versus Cheating in the Real World Cheating has been a major concern for institutions of higher learning. Institutions fear cheating because of the reputation dishonest people will establish for that institution. After a student has learned several successful ways to cheat and not be caught, is he or she more likely to employ the same tactics in his or her workplace? The student will use those tactics, but in the real world, such acts are not called â€Å"cheating tactics,† but â€Å"business strategy.† Several years ago, Clemson University was approached by a perspective employer. A business man visited the school and announced that the company wanted to hire some new staff members. In order to be more selective of the persons to get called in for interviews, the man announced an online exam that the students must take. Depending on the results, the company would then get in touch with the individuals. One student that is very interested considers his options. He could choose to take the exam using his real name and receive a performance grade based on his knowledge of the tough material the exam would ask. Or, his second option: use a false identity, get the questions, go out to reliable sources and ask for answers, and then post answers to the exam under his real name. The student opted for the second option. He got the test questions, went to professors, searched online, and found as many of the answers as he could. He posted his answers. Within a week, the company representative called the student in for an interview. The first statement out of the interviewer’s mouth: â€Å"No one has ever scored that high on our online test.† The next: â€Å"How did you do it?† The student’s response began with â€Å"honestly† and he unveiled his unique plan to succeed on the test. The interviewer was shocked – no one had ever admitted to cheating on the online test before. A job was offered.

Costs and budgets

The management of costs is a very important aspect of managing financial resources. If costs are not managed effectively, it can lead to profits being damaged and the business potentially unable today its expense. Keeping within a budget, increasing income in order to cope with change and making sure that working capital is available and money and set aside for emergencies is all part of the balancing exercise. Costs managed to budget McDonald’s budget was adverse as there was a miscalculation and McDonalds managed to overspend. This is because the management team at McDonalds under budgeted on certain aspects like staffing, security and utility bills. Costs managed to budget there are two main types of costs: Fixed cost – these are costs that do not change regardless of the number of goods that sold or services that are offered. These costs include rent, insurance, salaries. Whatever McDonalds makes whether its 100 or 10,000 products, these cost must be paid. Variable cost – these are costs that change depending on McDonalds output. So if McDonalds makes a burger it will have varying requirements for amounts of bread, meat, fish, cheese and lettuce head will depend on how many burgers the make. Break –even point Businesses can use the calculations that they make of fixed costs, variable costs and sales to work out the point at which their costs equal their sales. This is known as a break-even, this is essential for McDonalds as this will work out how many products they need to produce and sell which will conclude them to know whether they are making a profit or a loss. To work out the break even you have to do a formula: BEP= Fixed Cost / Sales – Variable Costs per unit. This means that to work out break-even pint (BEP) you have to take fixed cost and divide it with the Unit contribution and take-away the variable cost per every unit. When McDonalds calculates their break-even point this would give them an understanding on how many products they need to sell before they can start to make a profit. There are two main costs that need to be managed to budget which are fixed costs and variable cost. Fixed costs are costs that do not change regardless of the number of merchandise that is sold or services that are offered. These costs are things such as rent, insurance and salaries. Regardless if the business is not making enough profit these costs have to be paid. Variable costs are the costs that change according to the output. These costs can change according to how many products are made for example MacDonald’s costs will depend on their product which is for example burgers. They will have varying requirements for the about of meat, burger buns, and so on how many burgers it makes. Budgeting is a very difficult process because it looks to give a guide to how much the business thinks it will spend in the future. Some businesses choose to use zero budgeting where the departments in a business are given no budget. But they have t ask the managers of their department for money based on what they think they will use in that year. The opposite of it is allocated budgeting this is when money is allocated for a budget and divided up into the amount of departments and the amount of people working there. The budget is normally set at the start of the financial year and the business must stick to its predictions. If the business is making more profit than they predicted that the outcome of that will be positive. Variance analysis is when a business measures the difference between what is budgeted and the actual costs or the sales revenue. If the result is better than expected than the budget is known as favourable but if the sales are lower than expected than the budget is known as adverse. A business should monitor the variances because is the business notices them early enough it can make changes to them and get back on track. Businesses can use the calculations that they make out of fixed costs, variable costs and sales to work out the point at which their costs equal their sales. This is known as break even, it shows how many products they need to produce and sell or the services they need to offer, the Business needs to get to the point where they are not making a profit or making a loss.

Eliminating World Hunger Essay - 850 Words

In the year 2000 the United Nations held a conference form a program aimed at enhancing the advancement of underdeveloped nations. The product was the United Nations Millennium Declaration and the Millennium Development Goals. This global partnership consisted of eight goals ranging from the reduction of poverty and hunger to environmental sustainability, all with the key focus of increasing the quality of life of the world’s most disadvantage citizens. Although the United Nations had a deadline of meeting it’s goal of reduction and or elimination hunger by the year 2015, it has become abundantly clear that more time and resources are needed in the mission of achieving that goal and the others listed in the declaration. Eradicating world†¦show more content†¦Overall there are more than 850 million people who suffer from hunger. According to the report there are actually three different kinds of hunger; acute, chronic, and hidden. Ninety percent of those who su ffer from hunger experience the chronic kind, while only ten percent experience the acute kind. Acute hunger is usually experienced during famine or disasters, while chronic hunger is characterized by routine lack of access to sufficient food. Hidden hunger is caused by a lack of vitamins and minerals and is experienced by two billion people even when they have a sufficient caloric intake. Hunger can occur from a multitude of reasons but the most common are lack of food supply and systemic issues. In most developing countries women still have to suffer through gender discrimination making them less likely to access to basic nutrition and healthcare. Therefore cycle of suffering from hunger that many individuals experience begins before they are actually even born. Malnourished mothers are unable to produce sufficient breast milk for their new borns which only furthers the cycle after the child is born. Once a child is born and enters an environment with food scarcity, they are more prone to major health problems and are more likely to experience developmental delays because of malnurishment. The malnutrition that children around the globe are experiencing is going to do nothing except further the economic peril thatShow MoreRelatedPoverty And Its Effects On Human Development1240 Words   |  5 Pagesis zero hunger. Most of us cannot imagine finishing our day without a meal, but for a very huge population in the world, being hungry is part of everyday life. Hunger leads to malnutrition and it has long term irreversible effect on brain development. Hungry and malnourished child performs poorly academically and cannot achieve its full potential. Poor brain development and academic performance leads to poverty. Hungry population cannot escape poverty. 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