Fair dealing

Every company is always thinking about how they can maximize their total earnings, and credit card companies are no different. While students may be one of the better targets for this because the majority don’t have credit cards and are low on funds; they also are some of the ones in most danger of overspending with not being knowledgeable. Even though this is the case, I think if the credit card companies are doing this in a more transparent and informative way than normal credit card signups,…

Facts of the Case In Mitchell v. Abercrombie & Fitch, Co. the petitioner proposed a case against Abercrombie & Fitch stating that the defendant has violated both the Fair Labor Standards Act and the Ohio Minimum Fair Wage Standards Act. The plaintiff, Melissa Mitchell, has decided to pursue a lawsuit on behalf of herself as well as other affected members. The specific violations that arise from these two acts stem from Abercrombie & Fitch’s negligence with regards to paying Managers-in-Training…

In Case 8 “Conflict in Santa’s Workshop: Learning to Be a Team Player at ToyKing”, ToyKing was a large, U.S.-based toy design and manufacturing company that specialized in educational toys and games. Located in Torrance, California, the Design Studio headquarters consisted of over 60 toy designers and about 20 technicians and fabricators. Out of the toy designers, 15 were senior designers and the remaining 45 were junior designers. Their goal is to come up with new innovative toy concepts each…

minimum wage (A new Gilded Age, 2009) and offer some valid arguments to support their points. The editorial, “A New Gilded Age” suggests that now is the perfect time for an increase in minimum wage in the United States. The authors argue that the Fair Labor Standard Act was signed into law for a reason and that we are no closer to achieving that goal then we were when it was signed. They contest that the while the economy is getting better, profits are only going to those at the top of the pay…

Credit first began in 1910 and first appeared in the Sears catalog. 1950 was the birth of credit cards when Frank McNamara established the Dinner’s Club. Years later the Bank of America offered the BankAmericard and later changed its name to Visa. In 1986 Sears created a store credit card and quickly became the most profitable division. Today we buy everything on credit while parents and grandparent bought almost nothing on credit and thought it was a bad idea. There are two different types of…

Book Review Summary In Raising Financially Confident Kids Hunt seeks to equip readers to prepare their children for the reality of managing money, and how to do so without getting into debt. American society, the credit card industry, and advertisers, all strive to turn children into materialistic consumers who spend money without a second thought. Hunt describes her own childhood and how she utilized money and products to feel better. Carrying this same idea into adulthood she spent more…

Everyday young people go about their lives in pure ignorant bliss when it comes to their credit cards. They do not know the significance of the little card they keep in their wallet. The youth of today sometimes only think of it as a source of money. There is so much more to these little pieces of plastic. It is extremely important for young adults to understand the advantages and disadvantages of owning a credit card before they apply for one. When thinking about the advantages of possessing…

Q5/ What department is usually responsible for a direct labor rate variance? What department is usually responsible for a direct labor efficiency variance? Explain. Direct labor rate variance shows the difference in hourly wages from standard to direct labor workers. While it is important for workers to know the rate of hourly wages, it is more important for managers to investigate the rate variances because it can help predict the reason for unfavorable rate variance in most cases and explain…

Most employees in this society will turn down getting a background check because they do not believe it is fair, but if they didn’t have anything bad about their background, then they should not be worried about anything (“Job…”). When you come to think about it, it technically is not that fair, because some people may make one bad mistake in their life and they may have to pay the price for that bad mistake for the rest of their life (“Job…”). The…

Garcia v. City of Antonio The issue on whether compensation and overtime pay is applicable to excluded and non-excluded security personnel is a major issue across various states. Even though the Fair Labor Standards Act provides direction regarding this issue, it remains to be a major concern that has attracted huge attention throughout various states. The U.S. Supreme Court and Congress have been forced to make several landmark decisions regarding whether compensation and overtime pay is…