Business Ethics; Constitutional Law; Antitrust and Monopoly Essay

Business Ethics; Constitutional Law; Antitrust and Monopoly - Essay Example It dictates the kinds of businesses that investors indulge in, the legal specifications and tax requirements. Upcoming business enterprises must comply with these rules and regulations (Steven, 2008 p.78). Antitrust in the business world explains how it seeks to make sure that business enterprises compete fairly in the market. This in the past, has had an effect on the economy of many countries in the world. With beliefs that free, commercial trade is advantageous to consumers, businesses and economy, this law restricts monopolization and restraints of trade activities. Four main areas emanate from this: pursuit of monopoly power, agreements between competitors, contract arrangements between buyers and sellers and business mergers (Keith, 2007 p.120). A monopoly is a market whereby there is only one supplier or manufacturer or producer of a product. This means that a producer provides a good or service without any competition. The goods have no close substitutes (Jens, 2008 p.89). A legal doctrine describes a set of rules and regulations established through a process of precedence in the common law. This helps in making judgments in legal cases. Laws in legal doctrines stipulate that judges make a judgment about cases in reference to cases that in the past had judgment passed. Judges have the power to refer to other cases if the one he is handling is similar. This helps bring down time spent on cases and helps reach judgment faster. The law allows for use of this technique. Situations in legal doctrines are for instance; a company accused of counterfeiting goods that belong to an original company. If a person is before a court of law under the accusation of stealing the design of another person, he is to face the same judgment that the company undergoes. This shows that the two cases are common and that the same judgment applies to both the cases. An idea to the addition of the

Company Coursework Example | Topics and Well Written Essays - 1250 words - 1

Company - Coursework Example The report has also examined little management accounting techniques. Finally, the report has attempted to evaluate some current techniques that are appropriate for strategic management accounting. The report is generally to be used within Spacenet.inc; a well-established ICT firm based in Brussels. The board of associations and the management depend on financial reports to be able to cognize the economic situation of the board and to help the whole team in the process of decision making. For the purposes of improving the usefulness of financial information in the perspective of the decision making process, financial statements should be analyzed (Young, 2003). In that perspective, financial statement analysis can be described as the process where data is converted from financial statements into meaningful information for the organization quality evaluation by use of diverse analytical methods, which is very essential in the entire process of rational management. The function of financial report analysis is to identify good characters of Spacenet.inc so that the management can apply most beneficial characteristics. At the same time such reports also help an organization to recognize its weaknesses and take the necessary actions. A good financial strategy should consider both strength and weaknesses of the company. The use of internal financial statement prepared for top management provides the information they require in monitoring the organization’s operation and aid in decision making. Published reports rely on internal financial reports to inform investors, lenders and suppliers about the firm’s financial position. One limitation of both internal and published financial report in decision making is that the data given is based on the market at that particular time (Young, 2003). Subject to the nature of the market, change may be observed very quickly, so top managers are not supposed to assume that figures as per the last reports will be stagnant