Conscription, better known as the draft, was re-established in 1948 and required the registration of every eligible young man who was 18 and over. The draft continued through war and peacetime up until its end with the Vietnam War when military service reverted to an all-volunteer. Please respond to your choices from the questions below using at least 250 words.
1. Were the United States to engage in a new military offense and the President re-instates the draft and your number is called, will you go to war? Would you volunteer for military service? How might serving in a war impact you or your family? Does considering the possibility of mandatory war service affect how you view war? If so, how?
2. Is serving in a military where you may be asked to fight in a war a moral or ethical obligation? When is it and when is it not? Does tradition have a role in military service and war? What is that role? Does myth?
3. What about veteran’s returning from war? How is the return and re-integration into society handled? How does their service and return potentially positively or negatively affect the rest of society?
Paula Boothe, president of the Bramble Corporation, has mandated a minimum 10% return on investment for any project undertaken by the company. Given the company’s decentralization, Paula leaves all investment decisions to the divisional managers as long as they anticipate a minimum rate of return of at least 12%. The Energy Drinks division, under the direction of manager Martin Koch, has achieved a 14% return on investment for the past three years. This year is not expected to be different from the past three. Koch has just received a proposal to invest $1,800,000 in a new line of energy drinks that is expected to generate $312,000 in operating income. Assume that Bramble Corporation’s actual weighted-average cost of capital is 10% and its tax rate is 32%.Calculate the economic value added of the proposed new line of energy drinks. (If the economic value added is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125). Round answer to 0 decimal places, e.g. 5,125.)Economic value added$enter the economic value added in dollars rounded to 0 decimal places
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Lucas Hunter, president of Simmons Industries Inc., believes that reporting operating cash flow per share on the income statement would be a useful addition to the company’s just completed financial statements. The following discussion took place between Lucas Hunter and Simmons’ controller, John Jameson, in January, after the close of the fiscal year:
Lucas: I’ve been reviewing our financial statements for the last year. I am disappointed that our net income per share has dropped by 10% from last year. This won’t look good to our shareholders. Is there anything we can do about this?
John: What do you mean? The past is the past, and the numbers are in. There isn’t much that can be done about it. Our financial statements were prepared according to generally accepted accounting principles, and I don’t see much leeway for significant change at this point.
Lucas: No, no. I’m not suggesting that we “cook the books.” But look at the cash flow from operating activities on the statement of cash flows. The cash flow from operating activities has increased by 20%. This is very good news—and, I might add, useful information. The higher cash flow from operating activities will give our creditors comfort.
John: Well, the cash flow from operating activities is on the statement of cash flows, so I guess users will be able to see the improved cash flow figures there.
Lucas: This is true, but somehow I think this information should be given a much higher profile. I don’t like this information being “buried” in the statement of cash flows. You know as well as I do that many users will focus on the income statement. Therefore, I think we ought to include an operating cash flow per share number on the face of the income statement—someplace under the earnings per share number. In this way, users will get the complete picture of our operating performance. Yes, our earnings per share dropped this year, but our cash flow from operating activities improved! And all the information is in one place where users can see and compare the figures. What do you think?
John: I’ve never really thought about it like that before. I guess we could put the operating cash flow per share on the income statement, underneath the earnings per share amount. Users would really benefit from this disclosure. Thanks for the idea—I’ll start working on it.
Lucas: Glad to be of service.
Assignment: Tell on the discussion board how would you interpret this situation? Is John behaving in an ethical and professional manner?
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When a new product or service is offered, revised, rebranded, or offered to new potential customers, there is often a marketing campaign to build awareness. In the mid-20th century, these campaigns mi
You are the Vice President of Nursing Services in a nondenominational community hospital, and you receive a complaint from a patient, who is a Wiccan. The patient and her primary care nurse, Penny Baker, were discussing her religious practices and how she prays, when another nurse, Ruth Goose, walked into the room, stated, ”Thou shalt not suffer a witch amongst you,” and told Penny not to discuss the “satanic religion” with the patient anymore. The patient demands an apology and threatens to go to the media. She feels she has been discriminated against because she is a Wiccan and that her patient care experience was poor during her hospitalization because of her spiritual beliefs. You convene a meeting with Penny and her immediate supervisor, Ruth Goose.
Ruth Goose is wearing a large gold cross on her neck. Penny wears no jewelry and is dressed in her blue scrubs. When you ask Penny what happened, Ruth answers for her. “She did the right thing. We don’t have to pray with witches. They worship Satan. It’s blasphemy. What’s next? Human sacrifice?” Penny can’t get a word in edgewise. Ruth keeps repeating, “Thou shalt not suffer a witch amongst you, it says so in Leviticus!”.
What should you do?
Please complete responses below in essay format and APA citations .
Discussion Questions
1. What are the facts of this case?
2. What is the nature of the organizational behavior problem?
3. What are the 3 factors contributing to this dilemma?
4. What are the top 3 management issues in this case?
5. Who should be responsible for addressing these organizational issues?
6. What kind of differences in spiritual and religious practices are you familiar with? What if the patient had asked Penny to pray with her? Should she have done so? Discuss the pros and cons of praying with patients.
7. Provide your reflections and personal opinions as well as your recommendations for addressing the issue of praying with patients
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Write a paper in which you define foreign policy, discuss the role of the president and Congress in foreign policy formulation, and discuss a specific foreign policy (toward a country) of the Obama administration. Make sure to give the name of the policy, the nation involved, and indicate what the policy was designed to accomplish.
Part 1 – An introduction paragraph with a thesis statement of at least 200 words. The introduction paragraph should specifically describe the direction you plan to take in this research paper. Please support this paragraph with one to two academic sources in proper APA citation format.
Part 2 – The completed research paper addressing one of the approved topics. (see list below). The paper must be at least 1000 words, with a minimum of 5 academic sources noted in proper citation format within the body of the paper and listed on the reference page.
APA Research Analysis, including proper citations and reference list.
You cannot cite the American government textbook we are using.
If you have extensive citations from one source, you will have to rewrite the paper. Remember, at least five sources used throughout the paper.
Personal interviews, statements on television, radio, and in videos or movies are not acceptable.
1,200 words in length, 12 point traditional font.
A minimum of 5 relevant and legitimate sources, documented within the paper and properly cited in a reference list.
Clear application of research to the assignment requirements.
Type your name, date, and the section number of your class in the upper-left-hand corner on the first page of the paper. You do not need a title page and abstract.
Well organized paragraphs, clear and complete sentence structure, proper word usage and grammar
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Read the various perspectives on going to war in Iraq.
President BushDavid Koehler Compare and contrast former President Bush’s claim that Iraq was a threat to world peace with David Koehler’s position on the issue. Which claims are valid? Which are based on fallacious reasoning (note instances)? Who has the stronger argument? Why?
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Read the various perspectives on going to war in Iraq.
President BushDavid Koehler Compare and contrast former President Bush’s claim that Iraq was a threat to world peace with David Koehler’s position on the issue. Which claims are valid? Which are based on fallacious reasoning (note instances)? Who has the stronger argument? Why?
President Bush Outlines Iraqi Threat Remarks by the President on Iraq Cincinnati Museum Center – Cincinnati Union Terminal Cincinnati, Ohio
8:02 P.M. EDT
THE PRESIDENT: Thank you all. Thank you for that very gracious and warm Cincinnati welcome. I’m honored to be here tonight; I appreciate you all coming.
Tonight I want to take a few minutes to discuss a grave threat to peace, and America’s determination to lead the world in confronting that threat.
The threat comes from Iraq. It arises directly from the Iraqi regime’s own actions — its history of aggression, and its drive toward an arsenal of terror. Eleven years ago, as a condition for ending the Persian Gulf War, the Iraqi regime was required to destroy its weapons of mass destruction, to cease all development of such weapons, and to stop all support for terrorist groups. The Iraqi regime has violated all of those obligations. It possesses and produces chemical and biological weapons. It is seeking nuclear weapons. It has given shelter and support to terrorism, and practices terror against its own people. The entire world has witnessed Iraq’s eleven-year history of defiance, deception and bad faith.
We also must never forget the most vivid events of recent history. On September the 11th, 2001, America felt its vulnerability — even to threats that gather on the other side of the earth. We resolved then, and we are resolved today, to confront every threat, from any source, that could bring sudden terror and suffering to America.
Members of the Congress of both political parties, and members of the United Nations Security Council, agree that Saddam Hussein is a threat to peace and must disarm. We agree that the Iraqi dictator must not be permitted to threaten America and the world with horrible poisons and diseases and gases and atomic weapons. Since we all agree on this goal, the issues is : how can we best achieve it?
Many Americans have raised legitimate questions: about the nature of the threat; about the urgency of action — why be concerned now; about the link between Iraq developing weapons of terror, and the wider war on terror. These are all issues we’ve discussed broadly and fully within my administration. And tonight, I want to share those discussions with you.
First, some ask why Iraq is different from other countries or regimes that also have terrible weapons. While there are many dangers in the world, the threat from Iraq stands alone — because it gathers the most serious dangers of our age in one place. Iraq’s weapons of mass destruction are controlled by a murderous tyrant who has already used chemical weapons to kill thousands of people. This same tyrant has tried to dominate the Middle East, has invaded and brutally occupied a small neighbor, has struck other nations without warning, and holds an unrelenting hostility toward the United States.
By its past and present actions, by its technological capabilities, by the merciless nature of its regime, Iraq is unique. As a former chief weapons inspector of the U.N. has said, “The fundamental problem with Iraq remains the nature of the regime, itself. Saddam Hussein is a homicidal dictator who is addicted to weapons of mass destruction.”
Some ask how urgent this danger is to America and the world. The danger is already significant, and it only grows worse with time. If we know Saddam Hussein has dangerous weapons today — and we do — does it make any sense for the world to wait to confront him as he grows even stronger and develops even more dangerous weapons?
In 1995, after several years of deceit by the Iraqi regime, the head of Iraq’s military industries defected. It was then that the regime was forced to admit that it had produced more than 30,000 liters of anthrax and other deadly biological agents. The inspectors, however, concluded that Iraq had likely produced two to four times that amount. This is a massive stockpile of biological weapons that has never been accounted for, and capable of killing millions.
We know that the regime has produced thousands of tons of chemical agents, including mustard gas, sarin nerve gas, VX nerve gas. Saddam Hussein also has experience in using chemical weapons. He has ordered chemical attacks on Iran, and on more than forty villages in his own country. These actions killed or injured at least 20,000 people, more than six times the number of people who died in the attacks of September the 11th.
And surveillance photos reveal that the regime is rebuilding facilities that it had used to produce chemical and biological weapons. Every chemical and biological weapon that Iraq has or makes is a direct violation of the truce that ended the Persian Gulf War in 1991. Yet, Saddam Hussein has chosen to build and keep these weapons despite international sanctions, U.N. demands, and isolation from the civilized world.
Iraq possesses ballistic missiles with a likely range of hundreds of miles — far enough to strike Saudi Arabia, Israel, Turkey, and other nations — in a region where more than 135,000 American civilians and service members live and work. We’ve also discovered through intelligence that Iraq has a growing fleet of manned and unmanned aerial vehicles that could be used to disperse chemical or biological weapons across broad areas. We’re concerned that Iraq is exploring ways of using these UAVS for missions targeting the United States. And, of course, sophisticated delivery systems aren’t required for a chemical or biological attack; all that might be required are a small container and one terrorist or Iraqi intelligence operative to deliver it.
And that is the source of our urgent concern about Saddam Hussein’s links to international terrorist groups. Over the years, Iraq has provided safe haven to terrorists such as Abu Nidal, whose terror organization carried out more than 90 terrorist attacks in 20 countries that killed or injured nearly 900 people, including 12 Americans. Iraq has also provided safe haven to Abu Abbas, who was responsible for seizing the Achille Lauro and killing an American passenger. And we know that Iraq is continuing to finance terror and gives assistance to groups that use terrorism to undermine Middle East peace.
We know that Iraq and the al Qaeda terrorist network share a common enemy — the United States of America. We know that Iraq and al Qaeda have had high-level contacts that go back a decade. Some al Qaeda leaders who fled Afghanistan went to Iraq. These include one very senior al Qaeda leader who received medical treatment in Baghdad this year, and who has been associated with planning for chemical and biological attacks. We’ve learned that Iraq has trained al Qaeda members in bomb-making and poisons and deadly gases. And we know that after September the 11th, Saddam Hussein’s regime gleefully celebrated the terrorist attacks on America.
Iraq could decide on any given day to provide a biological or chemical weapon to a terrorist group or individual terrorists. Alliance with terrorists could allow the Iraqi regime to attack America without leaving any fingerprints.
Some have argued that confronting the threat from Iraq could detract from the war against terror. To the contrary; confronting the threat posed by Iraq is crucial to winning the war on terror. When I spoke to Congress more than a year ago, I said that those who harbor terrorists are as guilty as the terrorists themselves. Saddam Hussein is harboring terrorists and the instruments of terror, the instruments of mass death and destruction. And he cannot be trusted. The risk is simply too great that he will use them, or provide them to a terror network.
Terror cells and outlaw regimes building weapons of mass destruction are different faces of the same evil. Our security requires that we confront both. And the United States military is capable of confronting both.
Many people have asked how close Saddam Hussein is to developing a nuclear weapon. Well, we don’t know exactly, and that’s the problem. Before the Gulf War, the best intelligence indicated that Iraq was eight to ten years away from developing a nuclear weapon. After the war, international inspectors learned that the regime has been much closer — the regime in Iraq would likely have possessed a nuclear weapon no later than 1993. The inspectors discovered that Iraq had an advanced nuclear weapons development program, had a design for a workable nuclear weapon, and was pursuing several different methods of enriching uranium for a bomb.
Before being barred from Iraq in 1998, the International Atomic Energy Agency dismantled extensive nuclear weapons-related facilities, including three uranium enrichment sites. That same year, information from a high-ranking Iraqi nuclear engineer who had defected revealed that despite his public promises, Saddam Hussein had ordered his nuclear program to continue.
The evidence indicates that Iraq is reconstituting its nuclear weapons program. Saddam Hussein has held numerous meetings with Iraqi nuclear scientists, a group he calls his “nuclear mujahideen” — his nuclear holy warriors. Satellite photographs reveal that Iraq is rebuilding facilities at sites that have been part of its nuclear program in the past. Iraq has attempted to purchase high-strength aluminum tubes and other equipment needed for gas centrifuges, which are used to enrich uranium for nuclear weapons.
If the Iraqi regime is able to produce, buy, or steal an amount of highly enriched uranium a little larger than a single softball, it could have a nuclear weapon in less than a year. And if we allow that to happen, a terrible line would be crossed. Saddam Hussein would be in a position to blackmail anyone who opposes his aggression. He would be in a position to dominate the Middle East. He would be in a position to threaten America. And Saddam Hussein would be in a position to pass nuclear technology to terrorists.
Some citizens wonder, after 11 years of living with this problem, why do we need to confront it now? And there’s a reason. We’ve experienced the horror of September the 11th. We have seen that those who hate America are willing to crash airplanes into buildings full of innocent people. Our enemies would be no less willing, in fact, they would be eager, to use biological or chemical, or a nuclear weapon.
Knowing these realities, America must not ignore the threat gathering against us. Facing clear evidence of peril, we cannot wait for the final proof — the smoking gun — that could come in the form of a mushroom cloud. As President Kennedy said in October of 1962, “Neither the United States of America, nor the world community of nations can tolerate deliberate deception and offensive threats on the part of any nation, large or small. We no longer live in a world,” he said, “where only the actual firing of weapons represents a sufficient challenge to a nations security to constitute maximum peril.”
Understanding the threats of our time, knowing the designs and deceptions of the Iraqi regime, we have every reason to assume the worst, and we have an urgent duty to prevent the worst from occurring.
Some believe we can address this danger by simply resuming the old approach to inspections, and applying diplomatic and economic pressure. Yet this is precisely what the world has tried to do since 1991. The U.N. inspections program was met with systematic deception. The Iraqi regime bugged hotel rooms and offices of inspectors to find where they were going next; they forged documents, destroyed evidence, and developed mobile weapons facilities to keep a step ahead of inspectors. Eight so-called presidential palaces were declared off-limits to unfettered inspections. These sites actually encompass twelve square miles, with hundreds of structures, both above and below the ground, where sensitive materials could be hidden.
The world has also tried economic sanctions — and watched Iraq use billions of dollars in illegal oil revenues to fund more weapons purchases, rather than providing for the needs of the Iraqi people.
The world has tried limited military strikes to destroy Iraq’s weapons of mass destruction capabilities — only to see them openly rebuilt, while the regime again denies they even exist.
The world has tried no-fly zones to keep Saddam from terrorizing his own people — and in the last year alone, the Iraqi military has fired upon American and British pilots more than 750 times.
After eleven years during which we have tried containment, sanctions, inspections, even selected military action, the end result is that Saddam Hussein still has chemical and biological weapons and is increasing his capabilities to make more. And he is moving ever closer to developing a nuclear weapon.
Clearly, to actually work, any new inspections, sanctions or enforcement mechanisms will have to be very different. America wants the U.N. to be an effective organization that helps keep the peace. And that is why we are urging the Security Council to adopt a new resolution setting out tough, immediate requirements. Among those requirements: the Iraqi regime must reveal and destroy, under U.N. supervision, all existing weapons of mass destruction. To ensure that we learn the truth, the regime must allow witnesses to its illegal activities to be interviewed outside the country — and these witnesses must be free to bring their families with them so they all beyond the reach of Saddam Hussein’s terror and murder. And inspectors must have access to any site, at any time, without pre-clearance, without delay, without exceptions.
The time for denying, deceiving, and delaying has come to an end. Saddam Hussein must disarm himself — or, for the sake of peace, we will lead a coalition to disarm him.
Many nations are joining us in insisting that Saddam Hussein’s regime be held accountable. They are committed to defending the international security that protects the lives of both our citizens and theirs. And that’s why America is challenging all nations to take the resolutions of the U.N. Security Council seriously.
And these resolutions are clear. In addition to declaring and destroying all of its weapons of mass destruction, Iraq must end its support for terrorism. It must cease the persecution of its civilian population. It must stop all illicit trade outside the Oil For Food program. It must release or account for all Gulf War personnel, including an American pilot, whose fate is still unknown.
By taking these steps, and by only taking these steps, the Iraqi regime has an opportunity to avoid conflict. Taking these steps would also change the nature of the Iraqi regime itself. America hopes the regime will make that choice. Unfortunately, at least so far, we have little reason to expect it. And that’s why two administrations — mine and President Clinton’s — have stated that regime change in Iraq is the only certain means of removing a great danger to our nation.
I hope this will not require military action, but it may. And military conflict could be difficult. An Iraqi regime faced with its own demise may attempt cruel and desperate measures. If Saddam Hussein orders such measures, his generals would be well advised to refuse those orders. If they do not refuse, they must understand that all war criminals will be pursued and punished. If we have to act, we will take every precaution that is possible. We will plan carefully; we will act with the full power of the United States military; we will act with allies at our side, and we will prevail. (Applause.)
There is no easy or risk-free course of action. Some have argued we should wait — and that’s an option. In my view, it’s the riskiest of all options, because the longer we wait, the stronger and bolder Saddam Hussein will become. We could wait and hope that Saddam does not give weapons to terrorists, or develop a nuclear weapon to blackmail the world. But I’m convinced that is a hope against all evidence. As Americans, we want peace — we work and sacrifice for peace. But there can be no peace if our security depends on the will and whims of a ruthless and aggressive dictator. I’m not willing to stake one American life on trusting Saddam Hussein.
Failure to act would embolden other tyrants, allow terrorists access to new weapons and new resources, and make blackmail a permanent feature of world events. The United Nations would betray the purpose of its founding, and prove irrelevant to the problems of our time. And through its inaction, the United States would resign itself to a future of fear.
That is not the America I know. That is not the America I serve. We refuse to live in fear. (Applause.) This nation, in world war and in Cold War, has never permitted the brutal and lawless to set history’s course. Now, as before, we will secure our nation, protect our freedom, and help others to find freedom of their own.
Some worry that a change of leadership in Iraq could create instability and make the situation worse. The situation could hardly get worse, for world security and for the people of Iraq. The lives of Iraqi citizens would improve dramatically if Saddam Hussein were no longer in power, just as the lives of Afghanistan’s citizens improved after the Taliban. The dictator of Iraq is a student of Stalin, using murder as a tool of terror and control, within his own cabinet, within his own army, and even within his own family.
On Saddam Hussein’s orders, opponents have been decapitated, wives and mothers of political opponents have been systematically raped as a method of intimidation, and political prisoners have been forced to watch their own children being tortured.
America believes that all people are entitled to hope and human rights, to the non-negotiable demands of human dignity. People everywhere prefer freedom to slavery; prosperity to squalor; self-government to the rule of terror and torture. America is a friend to the people of Iraq. Our demands are directed only at the regime that enslaves them and threatens us. When these demands are met, the first and greatest benefit will come to Iraqi men, women and children. The oppression of Kurds, Assyrians, Turkomans, Shi’a, Sunnis and others will be lifted. The long captivity of Iraq will end, and an era of new hope will begin.
Iraq is a land rich in culture, resources, and talent. Freed from the weight of oppression, Iraq’s people will be able to share in the progress and prosperity of our time. If military action is necessary, the United States and our allies will help the Iraqi people rebuild their economy, and create the institutions of liberty in a unified Iraq at peace with its neighbors.
Later this week, the United States Congress will vote on this matter. I have asked Congress to authorize the use of America’s military, if it proves necessary, to enforce U.N. Security Council demands. Approving this resolution does not mean that military action is imminent or unavoidable. The resolution will tell the United Nations, and all nations, that America speaks with one voice and is determined to make the demands of the civilized world mean something. Congress will also be sending a message to the dictator in Iraq: that his only chance — his only choice is full compliance, and the time remaining for that choice is limited.
Members of Congress are nearing an historic vote. I’m confident they will fully consider the facts, and their duties.
The attacks of September the 11th showed our country that vast oceans no longer protect us from danger. Before that tragic date, we had only hints of al Qaeda’s plans and designs. Today in Iraq, we see a threat whose outlines are far more clearly defined, and whose consequences could be far more deadly. Saddam Hussein’s actions have put us on notice, and there is no refuge from our responsibilities.
We did not ask for this present challenge, but we accept it. Like other generations of Americans, we will meet the responsibility of defending human liberty against violence and aggression. By our resolve, we will give strength to others. By our courage, we will give hope to others. And by our actions, we will secure the peace, and lead the world to a better day.
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Could he have made House Minority Leader John Boehner and Senate Minority Leader Mitch McConnell an offer they couldn’t refuse, at least not without them being punished in the court of public opinion?
Could it have been different?
As President Barack Obama wound down his eight years in the White House and President Donald Trump took office, TIME History asked a variety of experts to weigh in on a question: How do you think historians of the future will talk about on his time in Office? Where will he fit in the ranks of presidents past?
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the reply must be at least 200 words. Do not just say “good job” or “I learned something from your post.” Replies are not a cheering exercise. Instead, your replies must be substantial, reflecting what you learned from reading the post, offering an extension, or correcting a mistake. Use what you learned in researching for your post (or knowledge gained from other classes or personal experience) to either supplement or critique the post you are writing about.
Interview
We were given the opportunity to interview an accounting professional that would give their perspective on why business law is important to know in their field of work. I had the privilege of interviewing Matt Iagovino who is the Vice President of Finance at Labor First, LLC/ Retiree First, LLC. Labor First LLC deals in retiree benefits for unions and laborers all over the United States. They also have a sister company called Retiree First where that deal with retiree benefits for school systems, towns, and municipalities. Labor First has staff dealing with clients on rates for insurance and then have staff who are advocates for retires and help them with any benefits issues that are needed.
Mr. Iagovino has over 20 years of accounting knowledge from working in the private, public, and nonprofit accounting industries. He graduated from a Holy Family University with a BA in accounting in 2002 and a Master of Business Administration in 2012. He handles all the accounting functions within Labor First and helps the executive team with making key investment decisions, contract negotiation, and partnership analysis.
Business Law is the way “law intersects with business from legal to employment and can effect every department in a company” (M. Iagovino, VP of Finance, August 4,2021). Mr. Iagovino talked about how employment contracts can be violated and then a lawyer would need to get involved even on the back end to make sure the company is handling issues legally. Some of the legal issues that could also affect the company are CMS regulations, HIPPA, Insurance law and making sure guideline on terming members of their health insurance.
Contract law was discussed due to the number of contracts that flow through Labor First. “The basic elements required for the agreement to be a legally enforceable contract are mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality” (Blokhina Gilkis, 2019). At Labor First the contract that will start the offer process is a template contract that has been reviewed by their legal counsel. When a client negotiates before the acceptance process, they may ask for changes in the language or other specific part. Each client will have their own individual requests. (M. Iagovino, VP of Finance, August 4,2021) The process of the contract will go from the proposals team to the CFO and COO to get approval. The CFO at Labor First is also a CPA. He will look over the contract to make sure they are getting the right amount of money and make sure that it covers all the areas that Labor First offers. Making sure that you will be able to support the needs of the client, Labor First has a sales team that is integrated into the contract process. “The idea of ‘discreteness’ thus encompasses both the genuine ‘one shot’ deal between complete strangers who do not expect to engage in repeat trades and a quality that contracting parties familiar with each other may deliberately seek to impose upon their business relations” (Mitchell, 2009, Pg. 681)
Labor First collects and pays the health care benefits for groups that have retirees and provide a service to their members. Recently the company has been put into a predicament where they may have to term a client due to nonpayment. If this happens all the retirees in the group will lose their benefits. The executive team got into touch with legal to see what their options were and then brought it to the client’s attention. Labor First has never had to term any clients before and this would have been a first. The client was obligated to pay back what was owed and pay 1 future month in advance to keep their business. The company had to take into consideration if this was a deliberate breach of contract. “Deliberate breach is in fact a term without a conclusive meaning, whereas some authors at least let the reader believe that is a settled term” (Van Kogelenberg, 2014, pg. 142). When the final terms came back it was a misunderstanding on the client’s side thinking they sent the payment but never approved the wire through the bank.
In addition to contract law, we discussed the ways a company can grow with investments. Mr. Iagovino stated that Labor First has taken on a new investor to help the company continue to grow. The investor will help lead Labor First to more opportunity. This affects the accounting department more due to changes that need to be made. There will be more reporting and the month end closes will have to be stricter. There is one mandatory change that the investors wanted to occur and that is to have more trust accounting. Trust accounting is the “separation of expenses will help determine the proper treatment for tax and accounting purposes” (Bertsch, 2020). This is to show our investor and new investment the net worth of the company at one time. They want to see the difference between what Labor First must pay the carriers for health care and administration fees they earn per member.
The interviewee was asked if learning business law in college was important to his career in the accounting field. His answer was yes. He stated that it would give you a broad view of the business world and legal implications that could happen (M. Iagovino, VP of Finance, August 4,2021). It also gave him the knowledge that he knew when to seek legal counsel for any pitfalls and employment issue that could arise.
Business Law has an importance in accounting due to all the underlining issue’s that can arise from a legal standpoint. There are always contracts happening daily even if you do not see them. Having the knowledge of business law can help when there are employment issues, violations of compliance, and more. The main take away I got from interviewing Mr. Iagovino was that you need to look at all the details and properly examine them. You need to know the basics of business law to proceed in accounting to know some of the in and outs of contracts that you may need to look at. Having the knowledge will set you apart from other in the accounting field.
“Do not deprive one another, except perhaps by agreement for a limited time, that you may devote yourselves to prayer; but then come together again, so that Satan may not tempt you because of your lack of self-control” (American Bible Society, 2010, 1 Corinthians 7:5). This versus tells me you need to overlook a contract before accepting the terms. There is a set time for the person receiving the contract to look over and negotiate terms. Make sure you are not making a split-second decision which could be related to Satan in 1 Corinthians. Always take the time to take into consideration all the details and agreements that are being offered. Negotiations is part of the process and if a company is not willing to make an exception for a certain thing then they are not the fit for you.
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Could he have made House Minority Leader John Boehner and Senate Minority Leader Mitch McConnell an offer they couldn’t refuse, at least not without them being punished in the court of public opinion?
Could it have been different?
As President Barack Obama wound down his eight years in the White House and President Donald Trump took office, TIME History asked a variety of experts to weigh in on a question: How do you think historians of the future will talk about on his time in Office? Where will he fit in the ranks of presidents past?
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