What Determines a Currencys Exchange Rate

When traveling abroad, youll have to exchange the currency of your origin country for that of your destination, but what determines the rate at which these are exchanged? In short, the exchange rate of a countrys currency is determined by its supply and demand rate in the country for which currency is being exchanged. Exchange  rate sites  make it easier for people to plan their trips abroad, but its important to note that along with an increase in cost for foreign currency oftentimes comes an increased price of goods and services there. Ultimately, a variety of factors influences how a nations currency, and in turn, its exchange rate, are determined, including supply and demand of goods by foreign consumers, speculations on future  demands of currency, and even central banks investments in foreign currencies. Short-Run Exchange Rates Are Determined by Supply and Demand: Like any other price in local economies, exchange rates are determined by supply and demand — specifically the supply and demand for each currency. But that explanation is almost tautological as one must also know we need to know what determines the supply of a currency and the demand for a currency. The supply of a currency on a foreign exchange market is determined by the following: Demand for goods, services, and investments priced in that currency.Speculations on future demands of that currency.Central banks occasionally  buy up foreign currency to affect  the exchange rate. To put it simply, demand relies on the want for a foreign traveler in Canada, for instance, to buy a Canadian good like maple syrup. If this demand of foreign buyers rises, it will cause the Canadian dollar value to rise as well. Similarly, if the Canadian dollar is expected to rise, these speculations will affect the exchange rate, too. Central banks,  on the  other  hand, dont directly rely on consumer interaction to affect the exchange rates. While they cant simply  print more money, they can influence investments, loans, and exchanges in the foreign marketplace, which will either raise or lower the value of their nations currency abroad. What Should The Currency Be Worth? If speculators and central banks can affect both the supply and demand for a currency, they can ultimately affect the price. Thus does a currency have an intrinsic value relative to another currency? Is there a level the exchange rate should be at? It turns out there is at least a rough level to which a currency should be worth, as detailed in the  Purchasing Power Parity Theory. The exchange rate, in the long run, needs to be at the level which a basket of goods costs the same in two currencies. Thus, if a Mickey Mantle rookie card, for instance, costs $50,000 Canadian and $25,000 U.S., the exchange rate should be two Canadian dollars for one American dollar. Still, the exchange rate is actually determined by a variety of factors, which change constantly. As a result, its important when traveling abroad to check the current exchange rate in destination countries, especially during peak tourist season when the foreign demand for domestic goods is higher.

John Aquinas Is The Most Important Aspect Of The Common Good

Thomas Aquinas believes that killing is wrong and that it does not generate the common good because it goes against nature. Yet, humans kill animals to survive and further, animals kill one another as well as to survive. Killing for survival should not be against the common good because it is a part of nature and the common good of one’s own species. Ayn Rand on the other hand, is an egoist and believes that our moral concerns should at least primarily be for ourselves. However, by only focusing on ourselves we forget about the common good, which is what Aquinas believes is the most important aspect. Aquinas beliefs are too focused on the common good whereas Rand’s beliefs are too selfish. Combining the beliefs of the common good with an egoistic approach would be more suited for humans to generate a greater good for humans. Aquinas was a follower of Aristotle and believed in the common good over evil and his works were influenced by Aristotle but with a Christian twist to it. To Aquinas, moral goodness is the most important aspect of human nature and it is what leads human beings to act as they do, which is Aquinas’ view on the law of human nature. According to Pojman and Tramel (2009), Aquinas says that †good should be done and promoted, and evil is to be avoided† (p.21), which means that the common good is in everyone’s best interest and avoiding evil is as well. All humans ought to do what is best for nature. Nature is something that has not been modified by humansShow MoreRelatedJeremy Bentham and John Stewart Mill1712 Words   |  7 Pagessources is to be measured in the same way. Universal application of this measurement implies that there is no additional value to acts that are deemed more moral or intellectual. John Stuart Mill is an advocate of the â€Å"principle of utility† and believed the ideology behind achieving happiness was acting in favor of the highest good. 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Ethical Issues Management Free Essays

ETHICAL ISSUES AND MANAGEMENT PAPER Ethical Issues and Management Paper Jamie Culley University of Phoenix Online Campus Ethical Issues and Management Paper Introduction. The responsibilities of a manager go far beyond supervision. In fact, managers are forced to make important decisions every day that affect the company, their employees, and possibly the public depending on the circumstance. We will write a custom essay sample on Ethical Issues Management or any similar topic only for you Order Now Managers take part in hiring, performance, evaluation, discipline, and termination. They are also involved in any circumstance that pertains to harassment and diversity, and they must make a conscious effort to set a good example for their employees. The following paper will focus primarily on discipline; describe the moral and ethical issues faced by managers dealing with discipline; include how the issue affects other individuals; explain how relationships between social issues and ethically responsible management practices apply to discipline; provide a workplace example of an ethical dilemma involving discipline; and discuss any laws governing the manager who provided the discipline in such an ethical dilemma. Discipline Describe the moral and ethical issues faced by managers dealing with your selected topic. Include how the issue affects other individuals. In the case of discipline, managers must know how to appropriately discipline their employees. Managers must ensure equality amongst employees in regard to discipline so as to obey the U. S. Sentencing Guidelines, which â€Å"specify that all employees in an organization must receive consistent discipline for similar infractions† (Trevino Nelson, 2007, p. 159). Managers must also ensure equality amongst employees in regard to discipline because it is the ethical thing to do. For instance, consider that a certain man has been working for a company for 20 years and he gets aught misusing corporate resources. In this scenario, a manager might be tempted to give him a warning or even write him up for his actions because of his loyalty to the company. Now consider that a certain man has been working for the same company for two years and he also gets caught misusing corporate resources. Yet, in this scenario the manager terminates him for his actions. The U. S. Sentencing Guidelin es seek to ensure that both employees are given the same measure of discipline, which is also the ethical thing to do on the manager’s behalf. Furthermore, â€Å"hiring, performance evaluation, discipline, and terminations can be ethical issues because they all involve honesty, fairness, and the dignity of the individual† (Trevino Nelson, 2007, p. 162, 163). If values such as honesty, dignity, and fairness are acknowledged in circumstances involving discipline, then managers and their companies should have no real concern for negative, public exposure. There are effective ways that managers can go about disciplining employees for their actions. These ways should involve disciplining employees in a constructive and professional manner. Discipline should generally be done in private, allow input from the employee, and it should be consistent with the way past employees have been treated for similar actions or behaviors (Trevino Nelson, 2007). Discipline affects other individuals such as the affected employee’s family members, co-workers, and the general public. When an employee is disciplined in the appropriate manner, a message is sent to the rest of the company’s employees. This message communicates that certain measures will be taken to address and rid the company of inappropriate behaviors and actions. As a result, employees will know to be more conscious of their behaviors and actions to ensure that they are not disciplined for the same reasons. If discipline has been taken to the extreme and an employee has been terminated from a company, the family of that employee will be greatly affected. What if that employee is not eligible for unemployment? This could trigger a huge financial burden for the entire family. Finally, the public is very much affected when an employee endures termination as their disciplinary measure. As a result of a termination an employment opportunity opens up for the public to apply for. This could mean that the man or woman who has been searching for a job to provide for their family will be employed and now able to fulfill the needs of his or her family. The economy is affected in various ways as people are terminated from their employed positions (Trevino Nelson, 2007). Explain how the relationship between social issues and ethically responsible management practices apply to your topic. Social issues and how they relate to ethically responsible management practices need to be considered when disciplinary action is involved between management and employees. Managers need to research why an employee is exuding behaviors such as tardiness, harassment, misuse of corporate resources, and discrimination. For example, a newly hired employee named Judy has been consistently late for her first month of employment. Her manager should address her behavior privately, and ask her why she is often late for work. The case could be that Judy is a single mom of three children who attend a private school on the other side of the city where no bus route has been established. In this case, her manager should find out if flexible work hours can become more available to all employees on the team and go from there. Another social issue could be that Joe, a long-time employee, is going through a divorce, which is costing him a fortune. As a result, Joe cannot afford his car payments and is now without reliable transportation to and from work. Joe’s financial status is communicating poverty. Over time, Joe is not only tardy to work because of his transportation issues, but his clothes are looking ragged and he is in no position to meet with clients. Joe’s work performance is now failing because of his financial situation. In this case, disciplinary action needs to be carefully considered and documented when dealing with Joe’s poor work performance. It is important to document the disciplinary action taken so that the same discipline can be directed at a future situation to ensure equality (Trevino Nelson, 2007). Provide a workplace example of an ethical dilemma involving your topic. Did any laws govern the manager’s actions? A workplace dilemma involving discipline could involve an employee who is being harassed because of her sexual preference, and as a result she is harassing people in retaliation by directing hateful comments toward fellow co-workers. In this scenario, several people’s behaviors need to be addressed: the employees initially harassing the woman because of her sexual preference, and the woman being harassed who is retaliating. Laws do govern the manager’s actions, especially if the manager ignores the issue at hand. Managers are now being held responsible for their employees’ actions if inappropriate behaviors are not dealt with and knowingly ignored. Title VII of the Civil Rights Act of 1964, which is linked with the Equal Opportunity Employment Commission is in place to ensure discrimination is eliminated from the work place and dealt with appropriately (Trevino Nelson, 2007). Conclusion. In summary, employees are held accountable to their managers and managers to their employees. Managers are held accountable to their employees because it is their responsibility to make ethical decisions and abide by laws that govern their decision-making. Managers must strive to practice honesty, dignity, and fairness in their workplace as pertains to disciplining employees. They should also discipline employees the ethical way by holding a private meeting, being constructive, professional, allowing the employee’s input, and in consistency with past disciplinary action. Social issues that pertain to the work place involve family issues, personal issues, diversity, and much more (Trevino Nelson, 2007). References: Trevino, L. , Nelson, K. (2007). Managing business ethics: Straight talk about how to do it right (4th ed. ). Hoboken, NJ: Wiley. How to cite Ethical Issues Management, Essays

A Peaceful Getaway free essay sample

Leaves crunch under my feet as I trudge through the woods trying to find the best spot to set up my chair and take in nature. The air is cool and the breeze stings my face as it rushes by, causing the ferns to dance around me. The monstrous trees surrounding me are a blanket of comfort and peace. I take a deep breath and the sweet smell of pine and bark fill my nostrils. I glance to my left and see a small dead popple tree sticking out of the ground. It comes out easily as I give it a tug. The different grays and textures of the decaying tree are intricate and detailed. The base of it is covered in green moss which is soft and looks like grass growing from the tree. I put the tree back on the ground. My feet begin to get chilled and the wind bites at my bare ankles. We will write a custom essay sample on A Peaceful Getaway or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Bending down to give them a rub, I notice dozens of little green plants. Each plant is unique. Some have little pink flowers, some have rounded leaves, and others are jagged. Looking up, and this time really taking in the nature around me, I suddenly realize how diverse the wilderness is. The little plants are barely noticeable amongst the tall towering poppel, pine, and oak trees throughout the forest. Among the lush greens of the forest are many dead trees and dried up leaves. So many grasses, trees, and flowers sprout from the decay of their fellow species. The dead stick I picked up had moss growing from it. My mind is blown to see both the living and the dead on one object. We are born, we grow, and one day die and return to part of the earth but our souls live on. From our death, new life sprouts and so on and so forth. My grandfather was a man of the land. He was an avid farmer and worked outside most of his life. He loved to be with the nature. My grandfather grew wheat, beans, and sugar beets. Everyday he would make sure everything was growing correctly and the plants were nourished. When he passed away we returned to Grafton for the funeral. I went to walk by his fields alone. I sat in the dirt and closed my eyes and in the wind I could hear his voice. He was at peace and at home. I knew then that he was living with the earth where he belonged watching over his children and grandchildren harvest the fields he once did. Sunlight escapes through openings that the pine trees provide and it is warm on my face. A small green plant, still wet from the morning dew, faces toward the sun basking in the light. It glistens as the sun shines, and my minds drifts into a state of tranquility. The very place I sit is allowing me to escape from the troubles and distractions of the day. The woods are silent; silent of modern day technology, silent of the busy hubbub of today’s lifestyle, and silent of the noises of cars and busy streets. In this silence the forest speaks to me. Instead of a phone ringing, the echo of a blue jay’s heartfelt song fills the quiet wood, leaves rustle brushing back and forth, touching each other as the wind disturbs their peace. Newly fallen leaves crunch under my feet as I trudge out of the forest and back into reality. The walk back is as beautiful as when I arrived. I feel calm and rejuvenated; sitting early in the morning doing nothing but gazing upon the beauty of this earth, and getting away from reality. I have a new sense of peace that makes me feel I can accomplish anything.