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Adam Smith, The Wealth of Nations, and the “Invisible Hand”: A Metaphor For Ambiguity-Uncertainty Aversion by Decision Makers Michael Emmett Brady Lecturer School of Business and Public Policy Department of Operations Management California State University , Dominguez Hills Carson ,California USA Abstract: Smith’s use of the “Invisible Hand”,as pointed out by Gavin Kennedy, is a metaphor provided for the great percentage of readers of the Wealth of Nations whom Smith realized would not be…

Commercial Law and Big Money? That’s undeniably possible. The single dilemma that most of the law students face is to decide on which area to practice. While some of them might be sure of their field of interest, most of them surely aren’t. What makes one good in any area is the level and willingness to understand the individual sectors. Commercial Law is a big thing in the world as it involves a ton of government legalities, proceedings, and cases to handle. Every firm does need a team of wise…

1. Introduction Gazprom is a Russian energy company that is operating worldwide and is a natural gas provider for Russia and for more than 30 other countries. Gazprom was founded in 1989 by restructuring the USSR Gas Industry Ministry (Gazprom, n.d./2015). In the following years, Gazprom became a global company for gas supplies. The company’s share in the global gas reserves is about 17 per cent and the share in the Russian gas reserves makes up 72 per cent (Gazprom, n.d./2015). The company has…

The company I chose for my workplace is FedEx. I chose FedEx because it’s a big company where I would like to work. After seeing the video about FedEx, FedEx is a company where I wouldn’t mind being my ideal workplace. If there are nice people. The environment and the constant active work is what I like to see in the workplace and work I defiantly word like to do especially if office administration doesn’t work out for me. The woman in the video looked happy to be working with the FedEx company…

6. SWOT Analysis 6.1 Strengths of Mr Price a) Mr Price is a cash based operator and is currently operating on 83% cash sales out of their total sales of 2016. This is strength for Mr Price as there is less impact by the cyclical nature of retail, there is much less exposure to bad debt, Mr Price now also does not need to be dependent on credit driven sales - especially during poor economic times and by having a good cash flow this will support and fund the future growth of Mr Price. If you…

victory cannot be attributed to his high levels of campaign spending. Perhaps spending such a large amount of money on his campaign did impact the election outcome, but his campaign spending was enabled and influenced by his incumbency. In other words, since Walker’s spending was caused by his incumbency status, the incumbency advantage was what ultimately influenced the outcome of the 2012 recall election. Since incumbents have better access to financial resources, many good quality…

There are several definitions of Operational Risk which follow a similar theme. For example "Operational Risk is the risk that deficiencies in information systems or internal controls will result in unexpected loss. The risk is associated with human error, systems failure and inadequate procedures or controls" (Basel, 2000) "Operational Risk is the risk of direct or indirect losses resulting from inadequate or failed processes, people, and system or from external events" (Basel, 2001) A…

Data is the collection of findings that help to elaborate statistics. Statistics are presented in several ways including tables, graphs and charts or it could also be exposed in a written report. Statistics gives us the interpretation and analysis of the collected data. Health care providers such as the NHS, uses processed collected data from Health and Social Care Information Centre (HSCIC) which firstly was sent to them by local councils and primary care trusts through Deprivation of Liberty…

The name given is Karim Bin Rashid. He was born in Cairo, Egypt. He is an industrial designer originating in Egypt and his birth in Canada. He was born in 1960 and in 2017 his age grew at 57 years. Now he lives in Cairo, Egypt. He has produced many products from his own designs or ideas. Among the designs that have been produced are luxury items, furniture, lighting, surface design, brand identity, packaging and so on. Thus, he has been awarded the title of Time Magazine which has described it…

Ultra Vires is a Latin word which literally means, ‘beyond the power’. In legal parlance it is used to describe when a person, whether natural or artificial, or a body have acted beyond the power granted to them by law. This phrase is widely used in different branches of law; in Administrative law it is mainly used with respect to an administrative body. In Criminal law it is used with respect to law enforcement agencies, in Company law it is used with reference to the corporate capacity of a…