Advantage & Disadvantages of Minimum Wage
...Introduction Minimum wage refers to the lowest hourly, daily or monthly wage an employee is legally entitled to when working. Minimum wage is in effect in a range of different jurisdictions with differences in the views on the advantages and disadvantages being disputed by people. Supporters claim minimum wage increases the standard of living for workers whilst reducing poverty. Opposite views are that if it is high enough to be effective then it increases unemployment, particularly among workers who are inexperienced or handicap, thus harming the lesser skilled workers to benefit the better skilled workers The effect on employment rates due to minimum wage rates is a highly contested policy within economics. The introduction of minimum wage into the market can lead to competitive employers cutting employment; this depends on the rate of the wage rises require to comply with the current minimum wage according to the “standard textbook model”. Other models have also been suggested in which a decline in the employment rate may not occur and in fact employment may increase. During my research I found a wide range of literature on minimum wages, particularly on the effects of a minimum wage policy in place. Though a lot of informative research was concluding I also found the argument between weather the effects and positive of negative on employment, both sides of the disagreement present a large amount of information supporting the theories. Research before the 1990’s......
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Advantages and Disadvantages of the Emr
...Advantages and Disadvantages of the EMR Abstract The use of the Electronic Medical Record (EMR) system has gained popularity within the healthcare organization. It has advantages and disadvantages for both patients and providers. These are discussed as well as regulations of the EMR. Overview of the Electronic Medical Record System The way that records are being kept has changed dramatically within this century. The process of entering data into a simple database has also evolved. The Electronic Medical Record System that health care providers are now using has many advantages and even a few disadvantages compared to the previous ways the information was stored and how it was accessed. Throughout the health care industry there are several different types of software that may be utilized to record a patient’s information. There is a wide range of information stored such as problems, medications and vital signs, notes, procedures, medical history, immunizations, allergies and the list goes on. With all the different information that must be stored, a paper record can become quite thick and important information may not be found easily or even lost forever. Poor penmanship may make the file unreadable and if unclear, mistakes can be costly for the patient. The efficiency of the computer reduces many of the problems of the paper trail. The quality of care a patient receives must......
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Advantages and Disadvantages of Technology
...Advantages and Disadvantages of Advanced Technology By Jin Sun K., Wellesley, MA Email me when Jin S. contributes work Today, we can’t imagine ourselves without technological advances such as cars, microwaves, cell phones, computers, and televisions. However, technology won’t stop here, but develop further. As technology develops, there are not only advantages, but disadvantages from them. A few advantages of upgraded technology are that one can save time and money and life will be made easier as a result of not having to do all the hard labor. In contrast, the disadvantages of upgraded technology are that people will loose their jobs to machines that will do the work for them. In addition, machines and robots are too complex for most people to use. I personally would want a developed world with advanced technologies. The following are the reasons why I do want a more advanced world with advanced technologies. My major reason is because when you have advanced technologies, life is much easier as robots and machines would take over your daily life chores. For example, daily life chores might be serving your breakfast, cutting your lawn, or cleaning your room. With robots and machines doing one’s chores one has time to relax. Another reason is because unlike humans, robots and machines do not make mistakes when programmed correctly. They always accomplish tasks perfectly so you won’t have to worry about making a mistake and getting trouble. Other reasons why I want......
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Advantages and Disadvantages of Convention and Concept
...Advantages of accounting concepts, conventions and regulations. There are many advantages that accounting concepts have on financial statements. Four important accounting concepts that underpin the preparation of any sets of accounts one of which is going concern that helps an account to assume for any future problems that occur in a business. This helps companies to make future plans and gives them time to gather money to sort out any financial problems. Consistency also has an advantage in helping in accounting by users of accounts can make more meaningful comparisons of financial performance. Prudence helps investors sort out financial performance such as future problems and cost of the business before recognising any signs of profits. Accruals also help financial data to be useful for users by all business revenues and cost are recorded in the appropriate statements and at the appropriate time. Conventions also have many advantages in influences financial statements to be useful for investors. Separate entity is one example this convention seeks to ensure that all private transactions and matters relating to the owners are segregated from transactions that relate to the business. This is an advantage because owner’s transactions are kept private. Also they are not mixed with the business finance so that users can clearly see the business financial state. Also materiality is also an important convention in a business financial statement use for users. The preparation...
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Advantage and Disadvantages
...SCIENCES GRADES 10-12 24 OR â€¢ Hydrogen Peroxide and chicken liver to demonstrate the effect of enzymes. â€¢ or OR â€¢ AND Fresh pineapple juice and solid egg white in a plastic drinking straw. â€¢ â€¢ Observe, measure and record results of the experiment done at different temperatures. â€¢ Compare the Recommended Daily Allowance (RDA) with usual diet of individual learners. Draw a pie chart of the food types and discuss implications of the usual diet of learners. â€¢ carbohydrates - monosaccharaides (single sugars), e.g., glucose and fructose; disaccharides, (double sugars), e.g., sucrose and maltose; polysaccharides (many sugars), e.g., starch, cellulose and glycogen; â€¢ lipids (fats and oils) - 1 glycerol and 3 fatty acids: unsaturated and saturated fats; cholesterol in foods; and heart disease (link to Grade 9); â€¢ proteins - amino acids (C,H, O and N and some have P, S, Fe) - are sensitive to temperature and pH: loss of structure and function; the role of enzymes in breaking down/synthesising molecules; the influence of temperature and pH on enzyme action; the Lock and Key Model of how enzymes work; enzymes in everyday life (for instance using washing powders); H2O2 and chicken liver â€¢ Mention of nucleic acids - DNA and RNA - consisting of C, H, O, N and P Pineapple juice, egg white and plastic drinking straws (no details of structure required); and â€¢ vitamins - e.g., A, one of the B vitamins, C, D and E. CURRICULUM AND ASSESSMENT POLICY STATEMENT......
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The Disadvantages and Advantages of Plastic Bags's Regulation
...¬Disadvantages and Advantages of Plastic Bag’s Regulations Plastic bags, scientifically known as polyethene was first accidentally produced by a German scientist, Han von Pechhman as a waxy residue at the bottom of his test tube. Polyethene is made from crude oil and nowadays, it is made through a process called cracking. In Papua New Guinea (PNG), plastic bags are commonly used for food packaging and grocery carrier. Statistically, sixty millions of polyethene are produced worldwide every year; one million of plastic bags are used worldwide every minute; it takes 700 to 1000 years for a plastic bag to fully decompose and about 1 percent of the produced outcome is being recycled. This essay will discuss the disadvantages and advantages of the Governor’s plan to regulate the use of plastic bags in the National Capital District (NCD). What will be discussed are as follows: PNG is a developing nation; manufacturers and people living in NCD will be affected; plastic bags are durable and useful in the rain; there will be less threat to marine-life and sea birds; there will be less environmental damages to the composition of soil and the atmosphere; and it will reduce the level of increased pollution in NCD and PNG as one. First of all, the Governor’s plan to regulate the use of plastic bags in NCD is a disadvantage due to the fact that PNG is ranked in the third world country and that is to say that PNG is a developing nation. Comparing PNG to other countries like the United......
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Advantage and Disadvantage of Entrance Exams to
...Advantage and disadvantage of entrance exams to universities in China and US As we all know, students who want to go to college must take exams which are called “entrance exams to Universities”. College entrance exams are considered to be the unique approach that the students are admitted by the colleges, and a significant factor that determines a student’s future development. They’re even regarded as one of the turning points in their lives. The similarity of the college entrance exams in China and that in the Western countries is that they are both the ways of selecting students for the colleges. Well, it's a must door for all the Chinese senior students to the higher education. It may be considered to be too exam-oriented, or too narrow and strict to the students, however it has last for decades. It is actually useful in choosing talented people. To take an even spectacular example, in order to get a good result, students must be hard working, considerable, insistent and knowledgeable, and these, are just what the society needs. In total, everything exists has a reason. I think the exam is workable in some way, but can still be improved. In China, more than half students take exams on June 17th and 18th, in China. In that day, many students march in the classroom to wait for the examinations. Whatever the weather is hot, they full of confidence and stress to write down their answers. Even though they are ill and cannot give up the test, for they cannot live up to...
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Voip Advantages and Disadvantages
...VoIP Advantages and Disadvantages The pros and cons of IP technology by Daniel Kochmanski DDK Telecommunications Buffalo, New York VoIP (Voice over Internet Protocol) is the ability to transmit and receive voice telephone calls over an Ethernet data connection. Ethernet data connections are used to connect computers inside an office building across a LAN (local Area Network) also known as intranet as well as connect computers to the world wide web (www) also known as a WAN (Wide Area Network) or internet. I must explain that VoIP (Voice over Internet Protocol) is utilized in two different ways. The first method, and the first one created, is for inbound and outbound phone service via VoIP service providers. The service can be via SIP (Session Initiation Protocol) trunking or a VoIP adapter. The second method is utilizing VoIP signaling directly to a business multi-line telephone is known as an IP (Internet Protocol) based phone or IP phone for short. I shall explain the advantages and disadvantages of IP business phones later in this article. I’ll also explain why a Hybrid system may be your best solution in the final paragraph. VoIP service provider companies, such as net2phone (IDT Corp) and iConnectHere (DeltaThree Corp.), started selling VoIP phone service back in the 1990’s. My personal experience back then was that the quality was very poor mostly due to lack of sufficient bandwidth, internet speed and compression techniques. Today there are......
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The Advantage and Disadvantage of Technology
...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory JoinSearchBrowseSaved Papers Home Page » Computers and Technology Science and Technology: Advantages and Disadvantages In: Computers and Technology Science and Technology: Advantages and Disadvantages Science and Technology: Advantages and Disadvantages Technology is a very broad concept and is used to refer to several braches of science and study. There are many advantages due to science and technology but there are also many disadvantages. Science and technology have a great impact on everyday life and several people thrive to continue discovering the best technologies. It has brought many advantages in healthcare, medicine, education, and communication to help improve the life of mankind, but mankind could also be too dependent on technology and could fall into the wrong hands. There are obviously more advantages than disadvantages. One of the biggest discoveries in science and technology is the mobile telephone. With phones we are able to talk to any person in the world, we can now also see the person we are talking to. Video calling is very popular now among companies. With the invention of video calling companies can now connect to other countries and expand their companies, which mean more jobs for the poor and unemployed. With all the new smartphones and programs on cell phones people can now conduct business anywhere and anytime. Also, cell......
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Advantages and Disadvantages of Global Integration
...GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regional economies integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Globalization has affected the products people consume, the environment, culture, security, and idea exchange between different countries. There are many factors that lead to the speedy globalization trends. This acceleration in globalization can be attributed to an increase in free-trade activities, emerging technologies, or the worldwide acceptance of markets. Globalization has affected cultures and economies on matters dealing with environmental destruction and availability of the already limited resources. Globalization has had diverse implications for environmental issues such as, pollution, deforestation, water resources climate change, and biodiversity loss. The rampant environmental problems have become the subject of international efforts because the effects are felt globally. The negative impacts of globalization focus on the destruction on the environment that is export-oriented. On the other hand, the positive impacts are the multinational companies research into technology...
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...Advantages and Disadvantages of Convention and Concept Advantages of accounting concepts, conventions and regulations. There are many advantages that accounting concepts have on financial statements. Four important accounting concepts that underpin the preparation of any sets of accounts one of which is going concern that helps an account to assume for any future problems that occur in a business. This helps companies to make future plans and gives them time to gather money to sort out any financial problems. Consistency also has an advantage in helping in accounting by users of accounts can make more meaningful comparisons of financial performance. Prudence helps investors sort out financial performance such as future problems and cost of the business before recognising any signs of profits. Accruals also help financial data to be useful for users by all business revenues and cost are recorded in the appropriate statements and at the appropriate time. Conventions also have many advantages in influences financial statements to be useful for investors. Separate entity is one example this convention seeks to ensure that all private transactions and matters relating to the owners are segregated from transactions that relate to the business. This is an advantage because owner’s transactions are kept private. Also they are not mixed with the business finance so that users can clearly see the business financial state. Also materiality is also an important convention in a......
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Advantages & Disadvantages of International Trade
...Chapter 1: International Interdependence 1.4 ADVANTAGES & DISADVANTAGES OF INTERNATIONAL TRADE Pg 22-27 Advantages of International Trade The fundamental reason for international trade is to sell something that we don’t need and to buy something we do need. Trade creates jobs, attracts investments, attracts new technology and materials, and offers Canadians a wider choice in products and services. People spend, save, or pay taxes with the money they earn in their jobs. The government uses taxes to provide services, which creates more jobs. When people save, the capital markets lend money to others, who will spend it on consumer goods, or open or expand a business, therefore creating new jobs. When people spend money, it creates demand, which creates new jobs. If something occurs to slow this expansion, the cycle reverses. Ex. higher taxes, higher interest rates. Meeting our needs Trade is always balanced if it is fair. If 2 people trade baseball cards and one gives another 6 cards, they should get 6 back. Many businesses can create a surplus inventory of goods and services. Canadian farms produce more food than Canadians can eat, Canadian manufacturers make more products than Canadians use, and Canadian service providers can provide service to other countries. Canadians cannot produce fruits like bananas and oranges, and some products we cannot make. These products are imported. Both trading partners get something they need by trading something they...
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Advantages and Disadvantages of E-Commerce
...James Davis Advantages and Disadvantages of E-commerce Bus 107 Debra Wilson November 22, 2010 Abstract In today’s economy, business moves at a rapid pace and shows no sign of slowing down. Many of the revolutionary changes that have taken place and supplied this economic engine with fuel are due to electronic commerce. The introduction of the computer into the workplace has brought about manifold changes and seemingly unlimited possibilities for merchants. This new technology offers many advantages for businesses but there are disadvantages as well. Each company must weigh the pros and cons while determining what direction they will take. Advantages and Disadvantages of E-commerce Electronic commerce is a fundamental part of today’s business world. It has undergone many changes since its inception and will continue to do so. The information technology field has always moved rapidly and businesses must align themselves with these changes in order to remain competitive. E-commerce has many advantages and has transformed business, as we know it. Although fewer in number, there are also disadvantages associated with e-commerce. The advantages of e-commerce are great in number and have quite a range of variation. E-commerce is still fairly young but has brought manifold changes in the way business is conducted. Businesses great and small have taken advantage of the new opportunities afforded by electronic transactions. As we move on in the twenty first......
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Advantages and Disadvantages of Pursing an Mba
...Advantages and Disadvantages of Pursuing an MBA Advantages and Disadvantages of Pursing an MBA The decision to pursue a Master’s in Business Administration is a difficult, personal decision. In fact, I categorize it as a life changing decision. For instance, this decision is like most major decisions people make. Whether the decision is over buying a home, changing careers, starting a family or buying that dream car, it is usually laced with advantages and disadvantages, pros and cons, and benefits and consequences. Whether or not those advantages and disadvantages are tangible, quantifiable and measurable, most would agree that they exist and they sometimes have life changing affects. For example, some people think that it is a disadvantage to buy a home because it usually results in one securing a long-term loan whereby a monetary commitment is required from the borrower or homeowner. If this commitment is broken or one is unable to pay as agreed, the borrower or homeowner can lose valuable assets, seriously hinder their ability to borrow money in the future and be looked upon by the banking and financial community as a liability or risk. On the other hand, or some of the advantages of buying a home may result in credit worthiness, proves that you are trustworthy, disciplined and according to Weintrub (2010), “gives one a sense of pride in ownership, stability and security” (para. 2.). With the above mention in mind, I will explore my personal advantages and......
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The Advantages and Disadvantages of the Gold Standard
...The Advantages and Disadvantages of the Gold Standard Angelina Di Mauro BUS 450 Wendy Achilles July 14, 2012 The Advantages and Disadvantages of the Gold Standard The Gold Standard is a historic monetary system in which the standard unit of account is a fixed weight of gold, and though the main benefit is that it insures a relatively low level of inflation, economies on the gold standard are less able to avoid or offset either monetary or real shocks. Gold has been known as the currency of choice throughout history, and at one point in time the country that had the most gold was known to be the wealthiest. By the eighteen hundreds many countries began to seek new ways to produce wealth through standardized transactions. As a result the gold standard was adopted as means to exchange currency in a new world market, and means to regulate the production of paper money in world economies. The following will highlight both the advantages and disadvantages of the historic gold standard monetary system. The paper will come to a conclusion with an emphasis on why many countries had to abandon this momentous means of exchange. According to one source, “the gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold. National money and other forms of money, i.e. bank deposits and notes, were freely converted into gold at a fixed price” (Bordo, pg 1 ¶1). In a new world market the gold...
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According to the Progressive Bag Alliance, five billion paper bags are used every year in the US compared to 92 billion plastic bags. Both paper and plastic bags have a heavy impact on the environment. Paper is more recyclable, but the paper industry is also one of the 10 most polluting industries according to the Natural Resources Defense Council.
Plastic bags have a bad reputation and with good reason. It takes centuries for one to dissolve after ending up in a landfill, while paper decomposes much more faster and easily. In fact, according to an article in Slate magazine, plastic bags do not biodegrade at all, so you would have to wait for UV rays to destroy it, which can take anywhere from 500 to 1,000 years or more. Also, the Environmental Protection Agency points out that 12 million barrels of oil are used in the US alone to produce plastic bags.
Paper bags are made at least partially from recycled paper or fiber. Research from MSNBC shows that most paper bags contain at least 35 percent recycled material, but many companies use much more than that. Once discarded, they can also be recycled again, while plastic bags cannot be recycled or many factories don’t accept them because they can clog machines and complicate the recycling process. You can even tear paper bags into small pieces and add them to your compost pile.
According to the Conservation International Organization, plastic litter, which includes plastic bags, kills thousands of marine animals each year. The EnviroLiteracy website explains that plastic bags can block the entrance to the stomach and cause starvation in a number of marine animals, including sea turtles, minke whales and sea birds. Some animals confuse plastic bags with jellyfish or other food and actively seek them out even if they spot them from a distance.
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