Financial Decision Making Essay Example | Topics and Well Written Essays - 1500 words

Financial Decision Making - Essay Example Therefore, it won't be an exaggeration to say that finance is the lifeblood of all enterprises. This is particularly so when economics are undergoing structural changes and economic reforms are in the making to introduce greater elements of competitive forces. In a competitive environment managers are faced with a challenge to compete for resources and to find a better utilization of such resources. Finance is a specialized subject in itself but it draws heavily on other related functions like marketing, production, personnel, purchase etc. Drury (2004, p.5) states "Management accounting is concerned with the provision of information to people within the organization to help them make better decisions and improve the efficiency and effectiveness of existing operations" (Lev, 2001) stated that existing financial accounting standards sharply distinguish between physical and intangible assets. While physical assets (e.g., property, plant, and equipment) are valued on the balance sheet at the price paid to obtain them, less accumulated depreciation, intangible "assets" are expensed as incurred. Accounting is therefore considered an integral part of the knowledge management within an organization. ... What mix of equity and debt to use How much financial risk to take Making a calculated financial decision makes a big difference between a prosperous and growing business and a liability. The prime function of a management executive in a business organization is decision-making and forward planning. Decision making means the process of selecting one action from two or more alternative courses of action whereas forward planning involves means establishing plans for the future. The question of choice arises because resources such as capital, land, labor and management are limited and can be employed in alternative uses. The manager is thus supposed to analyze the past data, current information and the estimates about future predicted as best as possible. This application of economic theory to business management is known as managerial economics. This is micro-economic in character as the unit of study is the company. The following aspects are said to be generally under the ambit of managerial economics; Demand analysis and forecasting Cost and production analysis Pricing decisions, policies and practices Profit management Capital management. Often a distinction is made between management accounting and financial accounting. Management accounting measures and reports financial and non-financial information that helps managers make decisions to fulfill the goals of the organization. Its focus is on internal reporting. On the other hand financial accounting is considered to have a focus on reporting to external parties. It measures and records business transactions and provides financial statements that are based on the 'Generally Accepted Accounting Principles (GAAP)'. Therefore managers are responsible for the financial statements

Moral Teachings of the Catholic Church Essay Example for Free

Moral Teachings of the Catholic Church Essay Introduction: Catholics believes that acting morally means acting in accordance with the eternal laws of God, which are written into the human hearts so deeply that even those who know nothing of God can follow the path of morality. According to Cynthia Stewart, Nature law, as this interior marking is called, comes to humans through their capacity to reason, which sparks the conscience to respond to the eternal law. This means that people of other religions or the non religious all have the capacity to act as morally as catholic Christians, it is believes that they will struggle more since they will not have the benefit of the sacraments that opens them to grace to resist sin. Augustine of Hippo (354-430) regarded sin as a word, deed or desire contrary to the eternal law. The church classified sin into two parts, they are: mortal and venial sin. Catholic moral theology divides sin into two parts, primarily on the basis of degree and effect: What is mortal sin? According to http://www.catholicdoors.com/faq/qu06.htm :  Ã¢â‚¬Å"Mortal sin is a radical possibility of human freedom, as is love itself. It results in the loss of charity and the private of sanctifying grace, that is, of the state of grace. If it is not redeemed by repentance of Gods forgiveness, it causes exclusion to make choices for ever, with no turning back. However, although we can judge that an act is in itself a serious offense, we must entrust judgment of persons to the justice and mercy of God.† For a sin to be mortal, three conditions must be met: Mortal sin is a sin whose object is a serious matter and which is also committed with full intension awareness and deliberate consent. A serious matter is specified by the Ten Commandments Corresponding to the answer to the rich young man: ⠝â€" Do not kill ⠝â€" Do not commit adultery ⠝â€" Do not steal ⠝â€" Do not bear false witness ⠝â€" Do not defraud ⠝â€" Honor your father and your mother What is venial sin? According to chrome://newtabhttp//christianityinview.com/catholic/morals.html: Venial (Pardonable) sin Positively, this sin does not directly destroy the relationship with God. Rather, it weakens that relationship. Unremitted venial sins can affect the duration spent in Purgatory. Therefore the church encourages confession of these types of sins as well without being strictly necessary. Confession of everyday faults (venial sins) is nevertheless strongly recommended by the church. Example of venial sin is, selfishness, jealously and anger. Venial sin involves the disobedience of the law of God in slight (venial) matters. If we gossip and destroy a persons reputation it would be a mortal sin. However, normally gossip is about trivial matters and only venially sinful. Additionally, something that is otherwise a mortal sin (e.g. slander) may be in a particular case only a venial sin. The person may have acted without reflection or under force of habit. Thus, not fully intending the action their guilt before God is reduced. It is always good to remember, especially those who are trying to be faithful but sometimes fall, that for mortal sin it must not only be, 1) Serious matter, but 2) The person must know it is serious and then 3) Freely commit it as was said previously. These two categories of sin are explicitly to be found in Sacred Scripture. In the Old Covenant there were sins that merited the death penalty and sins that could be expiated by an offering. This Law was a teacher that prepared the way for the faith (Gal. 3:24). In the New Covenant these material  categories are replaced by spiritual ones, natural death by eternal death. There are thus daily faults for which we must daily ask forgiveness (Mt. 6:12), for even the just man falls seven times a day (Prov. 24:16), and mortal faults that separate the sinner from God (1 Cor. 6:9-10) for all eternity. Indulgence The punishment of sin is also divided into two parts by catholic theology; they are, eternal and temporal. Normally, the eternal punishment for sin can be remitted through the Sacrament of Reconciliation. However, the church maintains that there is still a temporal punishment to be borne, as all sin is an affront to God. This then leads to the idea of Purgatory as a place where unremitted sin can be removed in the afterlife. Temporal punishment can be reduced or removed/ forgiven due to the concept of merit. Merit Doing more then is required by God can earn an individual merit. The most important merit is Christ himself, this is adequate enough to eliminate temporal penalty for all sin. The Merits of Christ and the saints form a treasury of merit. The Catholic Church maintains that it has the authority to dispense merit because of Christ’s promise to peter in Matthew 16:19. Therefore an Indulgence is simply a way of using this extra merit to reduce or remove the temporal penalty of sin. Indulgences may only be given to those who have no unconfessed mortal sins. According to whether the temporal penalty of sin is partially or fully removed, the Indulgence is called Partial or Plenary respectively. Abortion: Abortion is referred to as any death of a baby in the womb and its expulsion form the mother’s body according to today’s issues and Christian beliefs. Since the first century the church has affirmed the moral evil of every procured abortion. This teaching has not change and remains unchangeable.  Direct abortion, that is to say, abortion willed either as an end or a means, is gravely contrary to the mortal law. It is important to distinguish between direct and indirect abortion: Indirect abortion occurs when treatment given to save the life of the Mother has the secondary effect of causing an abortion. In certain cases, this is considered permissible. The seriousness of the matter is highlighted by the fact that those who participate in or carry out direct abortions face the penalty of automatic excommunication from the church. The catholic theology teachings that human life begins from the moment of conception and as our entire human the unborn child should be see as a child of God as should therefore be protected. Hence the deliberate abortion of a child is a serious in all circumstances for it the killing of an innocent individual. The views of the religious leader of the Catholic Church have always been against as is proven by the following statements. â€Å"Human life is sacred; all men must recognize that fact† Pope Paul VI (Humanae Vitae) â€Å"Life must be protected with the utmost care from the moment of the conception: abortion and infanticide are abominable crimes† (Vatican II, Gaudium et Spes 51) The bible also gives perspectives on abortion in the following verses: Genesis 1:27 â€Å"God created human beings in his own imagine in the image of God he created them, male and female he created them. God blessed them and said to them â€Å"be fruitful and increase†. Luke 12:6 â€Å"Jesus said, â€Å"isn’t five sparrows sold for two pennies? Yet not one sparrow is forgotten by God. Even the hairs of your head have all been counted. â€Å" Isaiah 49:15-16 â€Å"so the lord answers, ‘can a woman forget her own baby and not love the child she bore? Even if a mother should forget her child, I will never forget you! I have written your name in the palms of my hand. Contraceptives Contraception is â€Å"any actions which, either in anticipation of the conjugal act or in its accomplishment, or in the development of its natural consequences, proposes, whether as an end or as a means, to render procreation impossible† according to Humanae vitae 14. This includes sterilization, condoms and other barrier methods, spermicidal, coitus interruptus (withdrawal method), the pill, and all other such methods. The Catholic Church has strongly condemned all artificial methods of Contraceptives. Infact the church regards contraception as mortally sinful. The official position is stated in the papal encyclical Humanae Vitae , issued by Pope Paul VI in 1968. Though the Catholic Church rejects contraception, it does encourage a responsible attitude amongst couples in their spacing of births. It permits what is known as Natural family planning (NFP), which is a method whereby intercourse is avoided on those days when a woman is at the most fertile phase of her menstrual cycle. NFP can be taught by a specialist practitioner and success rates of well over 90% are claimed when the method is correctly followed. The bibles perspective on contraceptive: Genesis 38:8-10 â€Å" then Judah said Er’s brother Onan , â€Å"go and sleep with your brother’s widow, fulfill your obligations to her as her husbands brother, so that your brother may have descendants. But knew the children would not belong to him. So he had intercourse with her, he left his semen spill on the ground so there would be not descendants of his brother, what he did displeased the lord and he killed him also. Homosexuality Homosexuality refers to elations between men or between woman who experience an exclusive or predominant sexual attraction toward persons of the same sex according to chrome://newtabhttp//www.catholic.com/tracts/homosexuality. The Catholic view is that all Homosexual acts are morally and intrinsically wrong and thus the church requires people with Homosexual leanings to remain celibate. It also encourages proper respect as human beings for all Homosexual people, being opposed to any form of discrimination and persecution of Homosexuals. The church distinguishes between Homosexual acts and Homosexual leanings the latter may not be necessarily sinful. In 1986, the church issued its Letter to the Bishops of the Catholic Church on the Pastoral Care of Homosexual Persons, explaining this distinction: Although the particular inclination of the homosexual person is not a sin, it is a more or less strong tendency ordered toward an intrinsic moral evil; thus the inclination itself must be seen as an objective disorder. In 2005, the church issued its Instruction Concerning the Criteria for the Discernment of Vocations with regard to Persons with Homosexual Tendencies in view of their Admission to the Seminary and t o Holy Orders. The policy states that those men with deeply rooted homosexual tendencies cannot be ordained under any circumstances. The rejection of homosexual behavior that is found in the Old Testament is well known. In Genesis19, two angels in disguise visit the city of Sodom and are offered hospitality and shelter by lot. During the night, the men of Sodom demand that lot hand over his guests for homosexual intercourse. Lot refuses, and the angels blind the men of Sodom. Lot and his household escape and the town is destroyed by fire â€Å"because the outcry against its people has become great before the lord.† (Genesis 19:13). The incident is not the only time the Old Testament deals with homosexuality. An explicit condemnation is found in the book of Leviticus: â€Å"you shall not lie with a male as with a  woman, both of them have committed an abomination; they shall be put to death, their blood is upon them† ( Lev. 18:22:20:13) Summary: To act morally is to follow God’s eternal law which is written deeply in the hearts of every human being despite race or religion. Even thought the ability to act morally is in us as human being we often fall victims to sin. Sin refers to an immoral act considered to be a transgression against divine law, the church divides sin into two categories, Mortal sin, which is an unpardonable sin entailing a total loss of grace. Examples of mortal sin are: adultery, abortion, murder. Venial sin the other types of sin are referred to as a relatively slight sin that does not entail damnation of soul. Example of venial sin is: selfishness, anger, jealousy. Issues that impact us today are: ⠝â€" Abortion which is refers to as the deliberate termination of a human pregnancy or a miscarriage. The Catholic Church has consistently condemned the act of abortion. Catholics views human life as sacred and maintains that it should be protected by every means necessary as was stated by Pope Paul VI (Humanae Vitae). Biblical prove can also be found in Psalm 127:3 â€Å"Truly children are a gift from the lord; the fruit of the womb is a reward.† ⠝â€" Contraceptive can be defined as the deliberate use of artificial methods or other techniques to prevent pregnancy as a consequence of sexual intercourse. The Catholic Church has strongly condemned all artificial methods of contraceptives as regards it as mortally sinful. Biblical proof to support this view can be found in Jeremiah 1:5 â€Å"I chose you before I gave you life, and before you were born I selected you to be a prophet to the nations.† ⠝â€" Homosexuality is the manifestation of sexual desire towards a member of one’s own sex. The Catholic Church encourages proper respect as human beings even homosexuals although Catholics view are that all homosexual acts are intrinsically and morally wrong and encourages people with homosexual feelings to remain celibate. The bible conforms this in Leviticus 18:22 â€Å"thou shalt not lie with mankind, as with womankind: it is abomination† Catholic theology also divides punishment for sins such as  those listed above in to two parts; they are eternal punishment which is sins that can be remitted through the sacrament of reconciliation. And temporal punishment which refers to punishment that can be reduce, removed or forgiven due to the concept of merit. Merit is referred to as doing more then is required by God.

Authoritarianism: Prevail, or Not? Essay -- Government Political Scie

â€Å"History proves that all dictatorships, all authoritarian forms of government are transient. Only democratic systems are not transient. Whatever the shortcomings, mankind has not devised anything superior,† Vladimir Putin once said this. With such a view of authoritarianism, there would be assumption that the entire world is on its way to seek such democracy if it is such a clear, correct choice. However, nothing is ever so simple, and this is not the case. In this essay I will take a look at how authoritarianism fails, as well as why it is able to prevail is some areas. Authoritarian forms of government do sometimes fail. The reasons for such failure include the public’s dissatisfaction with the current governmental regime, the emergence of relevant opposition, political negotiation with elites, the physical location as well as history of freedom in a given nation, and the deserting of the authoritarian leader. While there are legitimate reasons for nondemocratic regime failure and there have been great moves toward a more democratic world, there are also reasons authoritarianism is able to sustain and survive in some cases. The fairly recent back-slipping from democratic rule to nondemocratic rule, or authoritarianism, is contingent on many factors. Factors ranging from a state’s mineral wealth, to its history of repression, to the fact many new democracies are small and weak allow nondemocratic regimes to sustain and prevail in certain states. One of the first steps in the failure of authoritarianism is public dissatisfaction. There must be people within the state that are not content with the way the nondemocratic regime is governing. This sort of disapproval sets in motion a movement toward the breakdown of t... ...to represent the public interests. So, elites cash in on the resources while letting the rest of the nation suffer. Governments evolve and change all of the time. What makes a state fail or prevail as nondemocratic depends on very many things. And, although we cannot be sure what is to come for a given nation unquestionably, this paper is an overview of some basic, guiding tendencies and situations that cause a state to either fail or prevail as an authoritarian regime. Only time will tell what is truly in store for the world governing systems. Works Cited O'Neil, Patrick H., and Ronald Rogowski. "Chapterb6." Essential Readings in Comparative Politics. Third ed. New York: W.W. Norton &, 2006. 205-41. Print. O'Neil, Patrick H. "Chapter 6, Chapter 8." Essentials of Comparative Politics. Third ed. New York, NY: W.W. Norton &, 2007. 141-162+. Print. Authoritarianism: Prevail, or Not? Essay -- Government Political Scie â€Å"History proves that all dictatorships, all authoritarian forms of government are transient. Only democratic systems are not transient. Whatever the shortcomings, mankind has not devised anything superior,† Vladimir Putin once said this. With such a view of authoritarianism, there would be assumption that the entire world is on its way to seek such democracy if it is such a clear, correct choice. However, nothing is ever so simple, and this is not the case. In this essay I will take a look at how authoritarianism fails, as well as why it is able to prevail is some areas. Authoritarian forms of government do sometimes fail. The reasons for such failure include the public’s dissatisfaction with the current governmental regime, the emergence of relevant opposition, political negotiation with elites, the physical location as well as history of freedom in a given nation, and the deserting of the authoritarian leader. While there are legitimate reasons for nondemocratic regime failure and there have been great moves toward a more democratic world, there are also reasons authoritarianism is able to sustain and survive in some cases. The fairly recent back-slipping from democratic rule to nondemocratic rule, or authoritarianism, is contingent on many factors. Factors ranging from a state’s mineral wealth, to its history of repression, to the fact many new democracies are small and weak allow nondemocratic regimes to sustain and prevail in certain states. One of the first steps in the failure of authoritarianism is public dissatisfaction. There must be people within the state that are not content with the way the nondemocratic regime is governing. This sort of disapproval sets in motion a movement toward the breakdown of t... ...to represent the public interests. So, elites cash in on the resources while letting the rest of the nation suffer. Governments evolve and change all of the time. What makes a state fail or prevail as nondemocratic depends on very many things. And, although we cannot be sure what is to come for a given nation unquestionably, this paper is an overview of some basic, guiding tendencies and situations that cause a state to either fail or prevail as an authoritarian regime. Only time will tell what is truly in store for the world governing systems. Works Cited O'Neil, Patrick H., and Ronald Rogowski. "Chapterb6." Essential Readings in Comparative Politics. Third ed. New York: W.W. Norton &, 2006. 205-41. Print. O'Neil, Patrick H. "Chapter 6, Chapter 8." Essentials of Comparative Politics. Third ed. New York, NY: W.W. Norton &, 2007. 141-162+. Print.

Large Format Printing

Introduction [Name of Company] offers a wide array of signs and printing for promoting in all settings and on any occasion. We specialize in large format printing and possess the expertise as well as the experience to produce signs of the highest quality on the market. Yet our company does more than just offer the best technical expertise using state-of-the-art equipment; we also have in house some of the brightest minds that work tirelessly to produce the most creative and cutting-edge designs, giving you a marketing edge. Vehicle Signage We perform professional vehicle wraps, fleet graphics, decals, magnetic signs, and boat wraps using only the highest quality media and inks that are guaranteed to withstand the elements—keeping your project sharp for years to come. Our vinyl images provide a highly reflective quality that gets your vehicle (and your company) noticed night or day. Outdoor Signs Our wide range of outdoor signs is guaranteed to fit your business and your budget. We offer custom made banners, window graphics, wood signs and vinyl lettering. Plus, we have a large selection of standard signs, such as ADA and real estate signs. Our digitally designed and printed solutions will guarantee that you stand out both to your advertising audience as well as to the competition. Interior Signs Our indoor signs include Point of Purchase displays and tradeshow accessories. Our designers have the creativity and expertise to create professional as well as unconventional large format interior signs with graphics that place you and your business at a big advantage. From animated to etched signs, we have all you need. Paper Printing We design a wide range of graphical paper products that provide small, medium and large scaled methods of getting your advertising to customers. Our business cards, post cards, brochures, booklets, and posters provide a high photo-quality finish that accords an added level of excellence and professionalism to your business. Service Types We print in wide format and offer full color service with digital-quality results. Our professionals can design and custom-create logos for your business. We also produce graphical artistry and digital imaging that demonstrate our mastery of the state-of-the-art technology we use for your products. About Us Our company employs the latest in technology along with the most highly trained professionals to provide you with creative and incisive signs that bring the customers to you. Our wide format printers provide you with the breadth of space you need to convey all the details regarding your company or event. Our digital solutions offer you the flexibility of print-on-demand service, so that you never have to waste time, money, or resources. Our range of services include vehicle signage, outdoor and indoor banners, paper and billboard printing plus other formats that plaster your company’s image all over town and place it indelibly in the minds of your customers. The work we provide gives you a competitive edge in a cut-throat market, where advertising can make the difference between success and failure. Our small and large format signs and banners have the power to distinguish your company or event as one dedicated to excellence. First impressions are lasting, and our company is dedicated to helping your business make the best impression. With our sharp digital imaging, custom fit magnetic signs, and fleet graphics, we feature the strengths of your company in the most distinct detail. Plus we provide the best value for money in the industry, as our skilful designs are custom fitted to your needs through patient and efficient customer service designed around you. At [Name of Company] we are committed to serving you, and will always be the best choice for all your print and display advertising needs. How We Work This company is built around customer satisfaction, and in everything we strive to put you, the customer, first. That is why we focus all our efforts into providing reliable, knowledgeable, creative and friendly service to all we come in contact with. We begin offering you assistance even before you commit to being a customer, as we are interested in facilitating your success in every way we can. We care about the way you present yourself to the world—that is why we offer not only the best customer service, but also the highest quality workmanship with the most committed and qualified staff. Our staff is highly trained to manage the needs of the customer, by first exhibiting excellent communication skills in order that the customers’ needs be properly probed, understood, and satisfied. The knowledge and skill of our staff also manifests itself in the countless creative solutions we are able to provide for your specific business. We are willing and able to combine any and all the forms of our products in order to design the best advertising method for your company, or for any event you wish to promote. Our reputation is fast growing as an efficient, creative, and capable firm that offers friendly and all-inclusive service. Plus we place you in one-on-one consultation with our experts to make sure that you have the chance to fully explain your needs. Your needs are a priority, and we place them first. We make ourselves available throughout the day to serve you, and return your projects to you with time to spare. Your complete satisfaction is guaranteed, so we work hard and remain available until you are completely satisfied. Come and visit us, or continue browsing our site for more information.

Organizational behaviour assignment

This summary is not available. Please click here to view the post.

Free Essays on Imagery Of The Lion In Agamemnon

Imagery of the Lion in Agamemnon In Aeschylus’ Agamemnon, symbolism is prominent throughout the play, and it is used to represent the feelings of the characters. The Greeks concentrated heavily on symbolism in their everyday life. Worshippers of many gods, the Greeks obviously felt the need to allow one thing to represent another. Their gods were symbols of things on earth that they did not understand; using these gods enabled them to make sense of certain things and/or feelings. Therefore, it comes as no surprise that Aeschylus, an obvious product of his idealistic time, would incorporate this belief of symbols into his writing. Agamemnon is overloaded with symbolism; on of the most prominent is the animal imagery. Humans who cease to control themselves legitimately tend to be personified as animals. This statement is justly proven throughout Agamemnon through the use of several different animal symbolisms. One in particular is the lion. The lion can be seen as a powerful animal, as well as be noted for its slyness and deceitful tendencies. This â€Å"king of beasts† is known to be a bloodthirsty creature that is ruthless and threatening. Lions are also said to be protective, social beasts, and this seemingly contradictory trait is mirrored in some of the characters. In Agamemnon, Aeschylus makes known the similarities between many of the characters and this beast through their common lion-like qualities. In contrast to the play, another characteristic of the lion is that they will often abandon or leave their cubs to die of starvation for their own self-gain. This is ironic to the play because the character most referred to as a lion is Clytaemnestra, the mother. Her motivati on for killing her husband is because he has sacrificed the daughter. This is one paradoxical trait that is not shared between Clytaemnestra and the lion. To the contrary, Agamemnon sacrificing his daughter is in concordance with the behavi... Free Essays on Imagery Of The Lion In Agamemnon Free Essays on Imagery Of The Lion In Agamemnon Imagery of the Lion in Agamemnon In Aeschylus’ Agamemnon, symbolism is prominent throughout the play, and it is used to represent the feelings of the characters. The Greeks concentrated heavily on symbolism in their everyday life. Worshippers of many gods, the Greeks obviously felt the need to allow one thing to represent another. Their gods were symbols of things on earth that they did not understand; using these gods enabled them to make sense of certain things and/or feelings. Therefore, it comes as no surprise that Aeschylus, an obvious product of his idealistic time, would incorporate this belief of symbols into his writing. Agamemnon is overloaded with symbolism; on of the most prominent is the animal imagery. Humans who cease to control themselves legitimately tend to be personified as animals. This statement is justly proven throughout Agamemnon through the use of several different animal symbolisms. One in particular is the lion. The lion can be seen as a powerful animal, as well as be noted for its slyness and deceitful tendencies. This â€Å"king of beasts† is known to be a bloodthirsty creature that is ruthless and threatening. Lions are also said to be protective, social beasts, and this seemingly contradictory trait is mirrored in some of the characters. In Agamemnon, Aeschylus makes known the similarities between many of the characters and this beast through their common lion-like qualities. In contrast to the play, another characteristic of the lion is that they will often abandon or leave their cubs to die of starvation for their own self-gain. This is ironic to the play because the character most referred to as a lion is Clytaemnestra, the mother. Her motivati on for killing her husband is because he has sacrificed the daughter. This is one paradoxical trait that is not shared between Clytaemnestra and the lion. To the contrary, Agamemnon sacrificing his daughter is in concordance with the behavi...

Federal Trade Commission Example

Federal Trade Commission Example Federal Trade Commission – Assignment Example Current Mission of FTC Today’s consumer is capable of making appropriate decisions on the basis of information. However, no one is more knowledgeableabout the product than the manufacturer. And with rising operating costs and competition, businesses may indulge in malpractices to lure the consumers and if unchecked business can harm the economy and the ill-informed consumer. Thus FTC is one such commission that ensures that businesses indulge in promoting healthy competition and provide consumers with information in the basis of which they can make educated choices (www.ftc.gov). According to the Official (ISC)2 Guide to the ISSMP CBK (2011), FTC’s Competitive Mission involves making use of tools to promote healthy competition and shield consumers from anti-competitive business methods and mergers. Furthermore FTC’s Consumer Protection Mission involves protecting the masses from deceitful and unfair business practices by introducing consumer protection acts which guard consumer rights of all Americans (Tipton, 2011). Areas of FTC Responsibility Federal trade commission’s job covers enforcing policies that cover nearly all facets of the economy that impact American consumers (www.ftc.gov). According to Anderson (1989, p.135) some of these areas include ensuring that businesses have appropriate product packaging and labeling, refraining from deceptive advertising, and policies regarding credit and warranties.Information FTC ensures that businesses provide appropriate and sufficient information to consumers to make informed product decisions and can be guarded against fraud (www.ftc.gov). They accomplish this by means of providing readily available publications in print and through their website.AdvertisingFTC needs to ensure that businesses are not indulging in deceptive or misleading advertising. Frequently quoted examples in this case are those of advertising to children and teens, tobacco and liquor advertising. Product Labeling and PackagingThe product labeling and packaging is an important part of decision-making before product purchase. They tell us about the content of the product and ensure that the product is in good and safe condition before the consumption. This aspect is very important for food products and medicines. Product LiabilityFTC also regulates the manufacture and distribution of hazardous or impure products.Promoting CompetitionFTC is also responsible for promoting healthy competition amongst business so monopolies can be avoided and the US economy can prosper. According to International Antitrust and Competition Policy this involves evaluations of mergers and acquisitions, this is particularly applicable to the mergers which would result in higher prices or less innovation. They also promote competition amongst businesses which impact the masses greatly such as healthcare, real estate and consumer goods (www.ftc.gov). ReferencesAbout the Federal Trade Commission. Retrieved from ftc.gov/ftc/ about.shtmAnderson, J.W. (1989). Corporate Social Responsibility: Guidelines for Top Management  . New York, NY : Quorum BooksInternational Antitrust and Competition Policy.   Google eBook. DIANE Publishing. Retrived from Tipton, H. (Editor). (2011). Official (ISC)2 ® Guide to the ISSMP ® CBK ® ((ISC)2 Press). 1 Edition. Washington, DC:  Auerbach Publications