Workplace Violence Corporate And Open Concern - 817 Words

Workplace violence takes numerous structures. Corporate and open concern tends to concentrate on pictures of business related crimes, which frequently go with abusive behavior at home circumstances. Different types of workplace violence, for example, grumblings of tormenting and inappropriate behavior, are subtler, yet no less mentally damaging to laborers mental and physical wellbeing. (Mathis, John Sean, 2014). Workplace violence can happen anyplace at any time. Workers in a few commercial enterprises, for example, healthcare or retail foundations, are more probable than others to experience roughness at work. A few specialists, be that as it may, are at expanded danger. Among them are laborers who trade cash with people in general; convey travelers, merchandise, or administrations; or work alone or in little gatherings, amid late night or early morning hours, in high-wrongdoing zones, or in group settings and homes where they have broad contact with the general population. This gathering incorporates healthcare and social administration specialists. For example, going by medical caretakers, psychiatric evaluators, what s more, post-trial agents; group specialists such as gas and water utility workers, telephone and satellite TV installers, and letter transporters; retail laborers; and taxi drivers. (Stubbs, 2009). Workplace violence ranges from damaging verbal remarks to different crimes by disappointed ex-representatives, distanced life partners. Workplace violenceShow MoreRelatedWorkplace Violence1735 Words   |  7 PagesWorkplace violence is present in every nook and cranny of corporate America, affecting millions of Americans every year. Workplace violence is defined by the Occupational Safety Health Administration, OSHA, as any act or threat of physical violence, harassment, intimidation, or other threatening disruptive behavior that occurs at the work site. It ranges from threats and verbal abuse to physical assaults and even homicide. In 2011, there were over 2 two million reports and claims of workplaceRead MoreWorkplace Violence in Corporate America Essay1547 Words   |  7 Pagesproposed research is an examination of workplace violence in Corporate America. As a growing concern in all industries, preventive measures need to be explored. Three types of research methods will be compared and contrasted in relation to the proposed research. The methods to be analyzed are quantitative designs, qualitative designs, and mixed methods designs. The appropriateness of each design will be examined as they relate to the topic. Workplace violence is a serious problem that deserves toRead MoreEssay Violence and Aggression in the Workplace is on the Rise861 Words   |  4 Pages In the early 1980s aggression and violence in the workplace have been a source of a lot of public discussion. (Piquero pg.383) The issues have risen again recently and have mostly been present in management and business fields. Workplace aggression often includes â€Å"behavior by an individual or individuals within or outside organizations that is intended to physically or psychologically harms a worker or workers and occurs in a work related†. (Schat Kelloway Pg. 191) A national survey ConductedRead MoreThe And Its Effects On The Workplace1627 Words   |  7 Pages However, t he vast majority of individuals are oblivious to the corporate psychopaths that exist in the workplace today. In recent times, researchers have discovered a perplexing relationship between aberration and leadership. Essentially, managers who possess psychopathic characteristics create colossal problems and are septic to their work environments. Consequently, this leads to a road of destruction comprised of workplace bullying, discriminatory work decorum, and emotional distress. EvenRead MoreBullying Is Becoming A More Visual And Talked About Concern1142 Words   |  5 PagesBullying in the Workplace Workplace bullying is becoming a more visual and talked-about concern in the business world, and finding ways to deal with the problem of bullying is an issue that needs to be addressed. In a survey of European Union employees, an illness that was rooted in stress was reported in 28% of employees (Rayner et. al. 8). According to Rayner, bullying may account for much of this workplace anxiety. My co-workers and I were victims of a workplace bully. This behavior includedRead More Homeschool Essay1593 Words   |  7 Pageshome schooling movement in the United States has become the fastest growing segment of education over the past decade. While there are many reasons parents choose to home school their children, the primary reasons seem to be the rise of crime and violence and their dissatisfaction with the public school curriculum. Home schooling is the formal instruction of children in their homes instead of in a school. A highly controversial practice, home schooling was the norm in the early 19th century, whenRead MoreWorkplace Violence And The Workplace2844 Words   |  12 PagesWorkplace Violence statics across the United States of America have been on a steady rise each year since the early 1990’s. Reports have consistently shown in recent years that than an average of 500 homicides and 1.5 million assaults occur each year in America, in the workplace. With those types of statics on the rise in America it’s clear that a Workplace Violence Program is essential to the health, welfare, safety, and security of our employees in the workplace. When enacting a Workplace ViolenceRead MoreEssay about Legal Issues In Reduction Of Workforce1649 Words   |  7 Pagescomplaints could possibly happen. The first associate, Sarah Boyd, a fifty three year old with fifteen years experience may have led t o age discrimination. The manager, however, considered the way the communication should happen with Ms Boyd. The method of open communication, reassuring that she fully understood the reason for the reduction and seeing that she was fairly compensated for her time made the difference in the employees reaction to her reduction from the workforce. The second associate, BrainRead MoreEST1 310.2.3-08 Essays2136 Words   |  9 Pagesbans any employee from engaging in acts that is intimidating, threatening or violent, while at work or on Company business. This rule applies to every employee, including non-supervisory staff and management. The Company has zero tolerance for violence of any kind. In addition, the Company is committed to preventing threatening or violent behavior on its property by non-employees, such as guests, visitors, customers, or employees’ family members. Gifts and Gratuities The Company believes thatRead MoreCan Ethical Values be Incorporated Into an Organization’s Culture? 2636 Words   |  11 PagesDecisions are made every day in the workplace that may have ethical implications. It is important to conduct business in an ethical way because those decisions may have an impact on their companies, employees, shareholders, customers, and possibly on society. As organizations integrate ethical values into their corporate culture, they will have an engaged workforce that will have higher morale, higher employee retention, and higher production. â€Å"American Management Association (AMA) executive members

Assignment # 3 Worldcom Accounting Scandal - 1486 Words

Assignment # 3 WorldCom Accounting Fraud By Mark A. Cowan Strayer University ACC 499- Accounting Capstone May 15, 2011 The purpose of this paper is to discuss the aspects of the WorldCom accounting scandal and the effects that this scandal had on the accounting world as we know it. We will discuss the corporate culture at WorldCom and how it contributed to the accounting fraud, how the CEO’s desire to be the #1 stock on Wall Street contributed to the fraud, pressures on accountants to book and release accruals to meet expectations, pros and cons of whistleblowing, and the creditability of the accounting profession when corporate fraud is revealed. First, we must look at WorldCom as a business standpoint. The driving factor†¦show more content†¦In practice, it is not always easy to determine at what point legitimate discretion becomes aggressive discretion, or at what point aggressive discretion becomes abusive and fraudulent†. (Accounting Capstone, 433) As one can see it is totally dependent upon the integrity of the accountant as to whether the accrual accounting is ab ove board or not. Whistleblowing can be defined as the disclosure by a person, in a government agency or private enterprise, to the public or to those in authority, of mismanagement, corruption, illegality, or some other wrongdoing. Since the 1960s, the public value of whistle-blowing has been increasingly recognized. For example, federal and state statutes and regulations have been enacted to protect whistleblowers from various forms of retaliation. Even without a statute, numerous decisions encourage and protect whistleblowing on grounds of public policy. In addition, the federal False Claims Act (31 U.S.C.A.  § 3729) will reward a whistleblower who brings a lawsuit against a company that makes a false claim or commits Fraud against the government. (Free dictionary) Persons who act as whistleblowers are often the subject of retaliation by their employers. Typically the employer will discharge the whistleblower, who is often an at-will employee. An at-will employee is a person without a specific term ofShow MoreRelatedThe Ethics Case Study Assignment1343 Words   |  6 Pageser Ethics Case Study Assignment 1. Overview Of the Corporation: †¢ WorldCom is a company built on telecommunications in the United States. WorldCom was invented in 1963 and the MCI WorldCom was established in 1998. During the 1990’s, WorldCom was a fast growing company in terms of their telecommunication services. The company started to supply long distance calling in 1983 and was considered the fourth best phone providing business. It was very effective due to the quality and quantity of servicesRead MoreThe Enron and Worldcom Scandals875 Words   |  4 PagesE. Boos – Week 2 – Assignment February 17, 2013 The Enron and WoldCom Scandals ENRON 1. The segment of Enron’s operations that got them into difficulties had several parts. They published misleading financial reports. They could not meet their bridge financing commitment with Barclay Bank because outside investors were not found. Because of this, they restated activities of JEDI and Chewco SPEs so they could be retroactively consolidated into Enron’s accounts. The SPEsRead MoreTen Publicized Audit Failures1655 Words   |  7 PagesAFM 201 – Part 1 Auditing Fall 2007 Group Assignment 2 Publicized Cases of Alleged Audit Failures Involving Large Public Companies 1) Ten Publicized Audit Failures i. Parmalat (2003) - Deloitte Touche Tohmatsu /Grant Thornton Misleading investors with â€Å"Brazen Fraud† was what the United States (US) Securities and Exchange Commission (SEC) had sued Parmalat for in 2003. It all began when Parmalat defaulted on a bond payment worth $185 million. This raised a flag for auditors and banksRead MoreThe Ethics Of Sarbanes Oxley Act1667 Words   |  7 PagesAbstract Sarbanes-Oxley Act was enforced in the past but caught everyone’s attention when drastic audit failures from Enron and Worldcom happened. An enhanced act (SOX) was enacted in 2002 improving audit quality. In particular, section 404 provides guidance of assessment to internal control. For an accounting perspective, internal control is a system for internal and external auditors to measure performance and recommend the improvement of the control. It is definitely correct that both enforcementRead MoreAn Analysis of Corporate Collapses4180 Words   |  17 Pagesthe text. I also declare that it has not been submitted for assessment in any other unit or course. Table of Contents Executive Summary 3 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 Agency Theory and Relevant Hypotheses 5 ABC Learning Centres Limited - Australia 7 Olympus Corporation - Japan †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..10 WorldCom Incorporated - United States of America†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 13 Conclusion 16 Reference List†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦17 Executive Summary Read MoreEthical Dilemmas1374 Words   |  6 PagesAbstract According to the phase 2 individual project assignment instructions, each student is asked to look at two scenarios and answer the related ethical questions following each one (CTU Online, 2013). Additionally, it is asked that each student provide a discussion on the new GAAP guidelines for consolidating entities, and to provide an example of a firm that has experienced trouble for failure to comply with the GAAP guidelines. Read MoreU.S. GAAP vs IFRS3443 Words   |  14 PagesOctober 1, 2013 U.S. Adopting IFRS The United States is coarsely going through a big dilemma. It is deciding whether to adopt International Financial Reporting Standards (IFRS), or to stay with the current U.S Generally Accepted Accounting Principles (GAAP). Since this is such a serious decision, now would be an opportune time to take a look at what the advantages and disadvantages would be of switching to the new way of financial reporting, and doing so, shows the beliefs of theRead MoreAssignment 1 You Are An Entrepreneur1708 Words   |  7 Pagesï » ¿Assignment #1: You Are an Entrepreneur Student life does not generally afford a great deal of free time to pursue your personal interests; however, at one point, you may have considered turning a personal interest or hobby into an official enterprise. Today, you have finally decided to turn that hobby into a business but have realized that you need start-up capital from a lender or investor. To obtain funding, you need to convince a lender / investor that your business is more than a hobby. YouRead MoreWorldcom And Its Impact On Corporate World Essay4477 Words   |  18 PagesINTRODUCTION: WorldCom was U.S based Telecommunications Company. It was second greatest long partition phone association in U.S., which had been working together since 19th century. It was built up in 1968. It was the benchmark long partition telecom and web access. Today, it is perhaps best known for a bookkeeping embarrassment that stimulated the association shred for insolvency security in 2002. WorldCom overseers effectively exaggerated the association s bookkeeping numbers, enlargement theRead MoreAc 504 : Ethical Issues1993 Words   |  8 PagesUnit 6 Assignment AC 504 – Ethical Issues in Business Accounting June 23, 2015 Kumar Jadoo â€Æ' Abstract The Sarbanes-Oxley Act of 2002, which is also known as the Public Company Accounting and Investor Protection Act or the Corporate and Auditing Accountability and Responsibility Act and then more commonly called Sarbanes-Oxley, or SOX, is a United States federal law that set new or enhanced standards for all of the United States public company boards, management and public accounting firms.

Relationship Between Australia and China Economic Gain

Question: Discuss about the Relationship Between Australia and Chinafor Economic Gain. Answer: Introduction. Alliances between countries facilitates support against external attacks and enable them to secure economic relations between nations. Australia has maintained a partnership with the Chinese for economic purposes while on the other hand maintaining a strategic relationship with the United States. The essay will illustrate the relationship that Australia has maintained with the Chinese, as well as the challenges that they face. The assignment will illustrate the relationship Australia has held with the United States. It will illustrate the effect it has brought on the Australians and Chinese. The paper will discuss the possible factors that Australia has to consider in order to maintain the ties between the two states. Australia has been the leading export market to the Chinese (Dewar 2015, p. 18). Currently the relationship between China and Australia is based on economic gain. China imports thrice the total amount that the United States imports from Australia. Australia has been able to import a lot of goods from the Chinese. The Chinese are currently third in foreign investment in Australia. The Australians have embraced the presence of the Chinese economically. The Chinese have been embraced in Australia since their growth has impacted the economic gain for the Australians (Dewar 2015, p. 27). The Chinese have not been able to convince the Australians on the security within their boundaries. The discomfort Australia faces is due to the current disputes Australia holds with her neighbors. Australia fears that the war between China and the United States has potential of damaging their bilateral trade (Yuan 2014, p. 7). Chinas influence on the Australians has been on the rise. Policy makers in Australia have strived to seek the opinion of the locals so as to determine the bilateral relationship effects. The Australians have benefited from the infrastructure development that they have received from the Chinese. Currently, the bilateral trade between the Chinese and the Australians is at $107 billion. The bilateral relationship has improved the trade ties as majority of resources used in China are exported from Australia. The alliance between Australia and the United States has been able to secure the Australians from security attacks. In the year 1945, Japan caused panic to the Australians. Further, the disintegration of Europes empire instilled more fear (Bisley 2013, p. 405). The disintegration forced Australia to shift it is alliance from Britain to the United States. The shifting further increased the potential threat of being attacked. The benefits that Australia enjoys currently by the ties it has with the United States enable Australia to be protected in case of an attack, Australia is guaranteed of protection by the United states, the Australians also benefit from the technological advancements that the United States forces offer (Bisley 2013, p. 405). Using the projections under Australian policies on foreign calculations, China is viewed as a challenge to the United States in the near future. Currently, the Australians depend on the Chinese for development of policies on foreign security strategies. The testing of the missile during elections that took place in the Taiwan Street led to decreased ties between Australia and China. The opinion of the United States led to the decline in ties between the two countries. (Roberts 2015, p. 115). An attempt by the Australians to better the bilateral relationship with the Chinese in the year 1996 was not successful (Roberts 2015). The general population of the Australians is at risk of a conflict with the Chinese due to aligning themselves to the United States. For instance, the wars that are anticipated between North and South Korea are likely to show the differences between United States and China. It is anticipated that the United States will support South Korea. This factor is expected to cause the Chinese to support North Korea. With the Chinese supporting North Koreans, it is anticipated there will be issues between the Chinese and the Australians. There are five factors that are thought to help the Australians to develop a cordial relationship between the United States and the Chinese. First, all choices that Australia makes must be well informed. This is a crucial consideration that will help the Australians to be viewed as a neutral party. The Australians ought to develop a better political relationship with the Chinese. They should also have a better agreement on the economic gain between them. This will help the Australians to have an influence that is accepted by the Chinese (Dewar 2015, p. 16). The Australians should not contemplate on ending their alliance with the United States. The economic gain by the Australians and Chinese is vital in fostering the leadership ties (Dewar 2015). The Australian government must strive to grow their relationship with the United States. The strengthened leadership between the Australian government and the United States will help the ties to be ongoing and bilateral (Dewar 2015). The Aus tralian economy has benefited from investments from the Americans in a move to be recognized by the hosts (Dewar 2015, p. 17). The Australians ought to nurture the ties between them and the United States. This is because the United States is the most powerful country compared to the Chinese. Availability of modern technology in combating external attacks has championed the United States over Australia. The Australians must again invest into other states. This will reduce the animosity between the Chinese and the United States. This is because the Chinese and the United States are not the only resourceful countries that they have to invest upon (Dewar 2015, p. 18). Lastly, an investment on institutions that will develop policies that will govern the Australian government will help in maintaining the bilateral relationships with other countries. Availability of policies will help the Australian government to mitigate challenges rapidly as they are detected (Dewar 2015, p. 16). Liberal ization has been achieved through the development of pro economic conjunctions that govern the businesses and academics between countries. To conclusion, development of alliances between countries has impacted the member countries in a positive way. Development of ties with the Chinese led to the Australians gaining economic growth. The United States too has impacted the Australian government with strategies that have helped them combat the security challenges that they had. Maintenance of ties between the Chinese and the United States is a must for the country to prosper. The support that Australia receives from both nations has led to job creation, better trade agreements and secure borders for its citizens. Alliances between countries have been the cause of conflicts as two conflicting countries do not agree to work together. As in this case, Australia is viewed as a bait that can be used to attack the other country. This can be done through the decisions that Australia makes in reference to China and the United States. Consideration of the elements such as informed decision making and bettering their political relat ionship with the Chinese paragraph will help Australia to maintain better ties between the Chinese and the United States. Development of clear policies that guide member countries on the nature of relationship that they sign will help to prevent chaos from happening. Making of informed choices will help prevent being used as bait between two conflicting countries. The Australians do not have to abandon the ties they share between the China and the United States. References Bisley, Nick. 2013. "An ally for all the years to come: why Australia is not a conflicted US ally."Australian Journal of International Affairs67 (4):403-418. Dewar, Scott. 2013. Australia and China and the United States: Responding to changing great power dynamics. InAustralian Centre on China in the World, edited by Australian National University College of Asia and the Pacific. Canberra, Australia: Australian National University. Roberts, Malcolm. 1997. "Problems in Australian Foreign Policy: JulyDecember 1996."Australian Journal of Politics History43 (2):111-121. Yuan, Jingdong. 2014. "A rising power looks down under: Chinese perspectives on Australia."Australian Strategic Policy Institute.

Business Economics Financial Crises and Recession

Question: 1. Demonstration of a clear understanding the issues. Use of academic models. Clear focussed understanding of a topic 2. Critical analysis is an important test of the students ability to evaluate business economics concepts. 3. Introductions and conclusions should briefly address the issues to be discussed and discussed respectively. Answer: Introduction Business Economics is also known as Managerial Economics. It is the relevance of economic theory and methodology. Business entails decision-making. Decision-making is the process where one has selected from two or more than two alternatives of action. Due to the limitation of fundamental resources such as land, labour, capital and management, the question of choice arise. (Allen, 1999) Those resources can also utilise in alternative uses. The decision-making is a process where one should make a choice and take decisions, which will give the most efficient decision for maximising the profit level. The consideration of the chief executive has needed in different features of the business. The chief executive has to choose a single option from between the many options that influence the interest of the firm to reach the most favourable decision, which can encourage the business to achieve the goal of the organisation. Business Economics or Managerial Economics assembles those necessities of the business firms. Main Body Macro Economics Issues in Business Economics The word macro' means large or significant. Macro Economics is significant subject deals with the total economy. Business ignores common issues such as unemployment, inflation and economic output or interest rates, which emerging as a significant threat in future. The recent Macroeconomic conditions determine whether the development or growth of the organisation is a good idea right now or not. Macroeconomics determine the process that how the entire economy functioned and implemented (Business pricing and inflation, 1984). Usually, it works on the whole organisation rather than focusing on an individual. The main Macro Economic factors that should consider before expanding a business are as follows- Unemployment Rate The level of unemployment is the proportion of people in the labour force that are without a job and vigorously searching for work. This high incidence of unemployment is not enough for business expansion. However, high rate of unemployment means a large number of workers with lower wages that consider the improvement of profit margins but due to high unemployment, the demand for goods and services have decreased and hampers the economic growth and business expansion. Inflation Inflation is the process to determine the increase rate of price in an economy. High inflation rate means that the costs of goods and services also increase. If the rate of price is too high, then people sometimes decide to change their decisions about purchasing the products. Economic Output Economic output is the process to determine the rate of growth or decline of the organizations economy. The Gross Domestic Product (GDP) measures an Economic Output. The Gross Domestic Product (GDP) is the cumulative cost of the products or goods along with services that are manufactured during a particular period in a business economy. If the economic output rate is increased, that means people are employed and the company is investing. If the economy of the business decreases then, unemployment gets increase and the business also investing decline. Micro Economic Issues in Business Economy Micro Economics is the subject that deals with picky markets and divisions of the economy (Kevane, 2001). The main Micro Economic factors that should consider before expanding a business are as follows- Consumer behaviour Individual employment markets The theory of the organization Micro Economics is concerned with- Demand along with supply within particular marketplace Individual customer behaviour e.g. customer selection theory Individual employment markets e.g. wage determination, labour demand, etc. From production and consumption externalities are arise (Richardson, 2015). Sifting from Micro to Macro Microeconomic analysis See the diagram of plain supply along with demand for Automobiles. Micro Economics is apprehensive with the problems like the collision of demand increasing meant for automobiles. The aforementioned microeconomic investigation illustrates that the increasing demands lead to elevated price along with elevated quantity (Weskott, 2014). Macroeconomic investigation See the diagram it determines the goods and services produced in the economy. This macroeconomic analysis shows the real GDP (Gross Domestic Product) instead of quantity. Instead of goods price it shows the entire PL (price level) for the economy (Razzu and Singleton, 2016). The diagram of Macro Economic Analysis and Micro Economic Analysis are based on the same principles. It just shows the Real GDP (Gross Domestic Product) pretty than Quantity along with Inflation and PL (Price Level). Differentiation between Micro Economics and Macro Economics The differences between the micro economics and macro economics are as follows- Microeconomics looks at small segments of the economy whereas macroeconomics looks at the whole economy. Symmetry Asymmetry Economic study deduces that markets return to symmetry or equilibrium (S=D). While demand boosted more rapidly than the supply, then demand raises the price or cost level (PL) and the companies respond by an increase in the supply. For a lengthy period, it is assumed that the macroeconomic analysis acted in a similar manner as microeconomic analysis. After the year of 1930, a separate branch of economics named macroeconomics has introduced. There is a small controversy regarding the fundamental principles of microeconomics. Macroeconomics is furthermore controversial than Microeconomics. Diverse disciplines of macroeconomics recommend dissimilar explanations. Macroeconomics places better importance on experimental data and trying to explain it. Microeconomics have a tendency to work from the theory first. Similarities between Micro Economics and Macro Economics However, it is suitable to divide economics into branches- micro economics and macro economics but to some extent it is artificial. The similarities between the micro economics and macro economics are as follows- Principles of micro economics are used in macroeconomics for instance the flexibility of demand to sift in price. Microeconomics has reasonable effect on macroeconomics and vice versa. If there is an augment in oil prices, this will have a huge shock on cost-push inflation. If the cost decreases then, economic growth will increase rapidly (von Proff, 2015). Microeconomic gets effect for the housing market as the house price rises. But this real estate market is also considered as a macroeconomic variable and will influence economic policy. To utilizing computer paradigms of domestic behaviour in order to forecast the bang on macroeconomic they need some efforts. Key Issues Affecting UK Economy Recession along with Recovery The largest issue faced by the UK economy is the deficiency in economic recovery. Due to the decrease in GDP by 6% during 2008-09, some amount of the economy was improved; however, the current double dip recession in the year of 2012 has made the UK economy decline and depressed. For next few years, the main factors that affect the UK economy is the rising queries on UK economy that can the UK economy come again to an average pace of fiscal growth or remain fixed in a Japanese-style phase of economic stagnation (Rixtel, 2002). Issues Affecting Economic Growth The main problems that are affecting the economic growth of UK are as follows- The EU again entered into a recession and had reduced scenario of recovery specified the business's recent economic and financial policies. They misrepresent by small-scale saving or investment as well as the entire minute fall in public expenditure, as they remain fixed by means of their insufficient fall plans. Recently the government more concerned about the growth of their economy. On the other hand, rather than dealing with the problem with cumulative demand, the authorities fixed the hopes on the reforms of supply side. Tax deductions to increase the inducement. However, the governments sometimes overrate the potentiality of insignificant supply side policies to rise above the basic deficiency of cumulative demand (Smithin, 2003). Further falls in house market that is if the house price decreases it will hamper consumer wealth and lead to lower spending. Decreased consumer confidence. Significance of Business Economics The importance of business economics is discussed below- Business economics is considering the features of traditional economics that are applicable for making a decision in business in real life. Due to the modification of this policy, a manager can allow taking better decisions (Tobin, 2002). Business economics also include many useful ideas from other regulations such as psychology, sociology, etc. Sometimes business economics takes help from other regulations having behaviour on the business decisions in relation explicit and implicit limitations subject to which resource allocation has optimised.usiness economics make a manager a more proficient as model builder. It helps a manager to realise the essential relationship which characterised a given situation. Conclusion The value of business economics lies in borrowing and approving the implementation of economic theory. By including significant ideas from other regulations to take best business decisions, act as a catalyst in the process of decision making by the managers in different functional sectors in the organisation and finally carry out a social purpose by familiarising business decisions towards social responsibilities. References Allen, R. (1999).Financial crises and recession in the global economy. Cheltenham, UK: Edward Elgar. Business cycles and equilibrium. (1989).Journal of Macroeconomics, 11(2), p.316. Business pricing and inflation. (1984).Journal of Macroeconomics, 6(3), p.365. Kevane, M. (2001). Bardhan, Pranab, and Christopher Udry. Development Microeconomics. Oxford UK: Oxford University Press, 1999, 242 pp., $21.95.American Journal of Agricultural Economics, 83(2), pp.479-480. Libecap, G. (2009).Frontiers in eco-entrepreneurship research. Bingley, UK: Emerald. Razzu, G. and Singleton, C. (2016). Gender and the business cycle: An analysis of labour markets in the US and UK.Journal of Macroeconomics, 47, pp.131-146. Richardson, M. (2015). The Microeconomics of Risk and Information, by Richard Watt (Palgrave Macmillan, Basingstoke, UK, 2011), pp. xii + 221.Economic Record, 91(292), pp.136-137. Rixtel, A. (2002).Informality and monetary policy in Japan. Cambridge, UK: Cambridge University Press. Smithin, J. (2003).Controversies in monetary economics. Cheltenham, UK: Edward Elgar. Tobin, J. (2002).Landmark papers in macroeconomics. Cheltenham, UK: E. Elgar. von Proff, S. (2015). The Microeconomics of Complex Economies: Evolutionary, Institutional, Neoclassical, and Complexity Perspectives, by Wolfram Elsner, Torsten Heinrich, and Henning Schwardt. Oxford, UK: Academic Press, 2014. Hardback: ISBN 978-0-12-411585-9, $119.00, 600 pages.Journal of Economic Issues, 49(1), pp.297-299. Weskott, J. (2014). Book review: Wolfram Elsner, Microeconomics of Interactive Economies (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2012) 240 pages.EJEEP, 11(1), pp.127-128.