United Airlines Breaks Guitars Case Study Example | Topics and Well Written Essays - 1000 words

Joined Airlines Breaks Guitars - Case Study Example Issues The organization has a workforce of 50,000 representatives around the world (Deighton and Kornfeld). Regardless of the firm’s assets the organization has not had the option to adequately utilize its workforce to give brilliant client care to its customers. The absence of client assistance has developed and the firm has been losing customers because of its absence of care for the requirements of the clients of the organization. Dave Carroll made a sensible solicitation when his guitar was harmed because of the misusing of his property by the representatives of the organization. A second issue that must be considered by the organization is the means by which to execute blow-back so as to stop the Dave Carrols episode to keep on raising any further. The organization can't manage the cost of for this issue to keep on being in the prevailing press for quite a long time or even years. The results of the tune being a hit that waits into the mainstream society for an extensive stretch of time would be destroying for United Airlines. Elective arrangements The firm as of now faces a significant quandary because of the Dave Carroll circumstance. An approach to confront the issue and discover a goals to wipe out the overflow impact the video can have in the long haul is by arriving at a secret settlement with Dave Carroll to repay him for corrective harms. The premise of the understanding would include Dave taking the video off YouTube and different locales and for him to make an open declaration that the issue was settled with United Airlines and he was happy with their last goals. The organization would pay Dave Carrols a singular amount installment of $250,000 to $500,000. A second elective answer for manage the issue is to apply evasion. Evasion includes overlooking the issue by imagining an issue doesn't exist (Schermerhorn and Hunt and Osborn). The organization would let time fix the issue as individuals forget about it and proceed onward the following bit of news. This elective arrangement can be applied requiring little to no eff ort to the organization. The hazard related with the arrangement is that YouTube fills in as a video database. On the off chance that the firm is unfortunate the fame of the tune may wait for a significant stretch of time. A third elective arrangement is to ignore the transient issue related with the Carroll occurrence and to actualize an answer that will keep the organization from confronting comparative issues later on. The firm needs to start to pick up the trust of its clients by radically expanding the degree of client support. First off the arrangement of dispensing with every single free nibble to clients must be switched. Individuals get on edge during flights and offering a light tidbit gratis is a path for the client to realize that the organization cares. The firm would actualize new principles and rules conventions to manage harm products episodes. The approach of revealing the harm inside 24 hours will be changed to 30 days to permit adequate time for the voyagers to co mplete their travel and get back home to record out the objection. A fourth elective arrangement is for the organization to make another protection administration to secure their baggage assets. The protection could be buy to guarantee things at various worth ranges, for example, $1-500, $501-1000, and $1001-$10,000. The expense of the protection would be paid for when the clients buy their tickets or at the carriers before the flight. In the event that the client bought the protection with the tickets they would got a 10% in the acquisition of the protection. This arrangement would give an approach to fulfill the

Religion and Theology Essay Example | Topics and Well Written Essays - 1500 words

Religion and Theology - Essay Example Sufism has a different hugeness or significance, and they incorporate assisting with embellishment large pieces of the Muslim society. Sufism interests for an unswerving powerful comprehension of God and of his adoration; its goal is to grow away from plain legitimate comprehension to an extraordinary experience that would inundate man in the tremendousness of God. Sufism had a fundamental part in the making of Muslim people group as it developed the hoards and satisfied their felt necessities, giving the otherworldly importance to their lives and guided emotions. Sufis are indispensable educators who change new voting public to Islam. Enchantment is an experience of the straight closeness with Divinity. Supernatural quality is alluring in light of the fact that it incorporates the activity of contemplation both in the consistent insight of the audit of the real world and in the paranormal feeling of having comprehension of God through an existence of petition. It is at first handy a nd not hypothetical, where it connects with the entire self. It is, in this manner, consistent with state that, supernatural quality is found in all the key strict conventions with the regular assumption that every single enchanted experience are comparative and can't be outlined. #2) my answer is; The five mainstays of Islam offer an understanding of preparing in the human advancement's rich assortment. The columns contain the certification of confidence, and as per this column, a Muslim is any individual who observes that there is just a single God, and Muhammad is the errand person of God. By pronouncing this plain proclamation, which is perceived as the shahadah, an individual turns into a Muslim. The underlying part of the shahadah affirms the monotheism of Islam as a resolute confidence in the solidarity of God, while another column includes the supplication, which energizes the Muslims everywhere throughout the world to revere God (Esposito, Fasching& Lewis, 2012). They s hould implore five times each day including sunrise, at early afternoon, midafternoon, nightfall, and at night. Petition is driven by an example of washings to purge the body and to connote the neatness of brain and body expected to revering God. The following column is the almsgiving column; this column accentuates that Muslims have the obligation to take care of the social government assistance of their general public by curing contrasts along with sharing correspondingly the entirety of their jobs to love God. This is done along with the yearly commitment of two point five percent of an individual's collected lavishness and resources. The forward column is the fasting of Ramadan, where Muslims should quick during the ninth month of Islam’s lunar datebook. This done by every single overwhelming Muslim who cease from having suppers, beverages, and sex from morning to night. The primary point of this period is to energize poise, contemplation just as the institution of incred ible works; this period is finished by an extraordinary dining experience set apart as the sacred day in the schedule of Muslims. The excursion of Mecca is the fifth and the last column, which comes after Ramadan; this column rouses all Muslims who are monetarily and generously ready to complete the outing to Mecca one time in their age. This excursion joins the Islamic culture, as it is the profound focus. #3) my answer is; According to look into, the two Sunni and Shiite Muslims share the best indispensable Islamic standards and apprenticeships of confidence. The fluctuations in the midst of these two primary developments inside Islamic are principally not from otherworldly differences, however political contrasts; in any case, the political differences have come about into various changing exercises and focuses that have come to convey an awesome significance. The partition among Sunni and Shiite once started after the expiry of the prophet Muhammad, and

Are You Financially Literate - OppLoans

Are You Financially Literate - OppLoans Are You Financially Literate? Are You Financially Literate?A recent study broke down financial literacy into five key concepts that people needed to understand in order to be considered financially literate.Financial literacy is important. Without it, people are more vulnerable to bad credit, financial scams, payday loans, no credit check loans, and other things that can threaten financial health. But according to the National Financial Capability Study (NFCS), only 63 percent of Americans are financially literate. Do you know where you fall?Generally speaking, financial literacy is the ability to use your skills, knowledge, and financial resources to make good financial decisions and effectively manage your money. In order to do this, you need a firm grasp on certain financial concepts.The researchers behind the NFCS identified five key concepts to help them evaluate the financial literacy of their participants: compound interest, loan terms, inflation, risk and diversification, and interest rates and bonds. In order to be considered financially literate, participants needed to have a basic understanding of four or more concepts. Let’s take a look at each of these concepts in more detail.Compound interest.Compound interest is a percentage that is added to a principal sum of money and its interest as it accrues over time on a deposit or a loan. In other words, it is interest on interest. Say you have $100 in a savings account with an interest rate of two percent that compounds annually. That means at the end of the year, you would have $102, and the next year, interest would be calculated on $102 instead of the original $100 deposit. By the end of the second year, you would have a total of $104.04, even though you didn’t add any more money to the account. It’s kind of like magic!That’s the difference between compound interest and simple interestâ€"simple interest would only be calculated on the principal amount, or $100 in our example.Even though a two percent interest rate seems sm all, you can see how it can add up over time into something more significant. Because of this, compound interest can be your friend or your enemy. Sure compound interest is great when it comes to your savings account, but it’s not so great when the sum of money in question is a debt with the potential to grow, such as an installment loan.That’s why it’s important to have a solid fix on compound interest. It can not only help you decide what kind of savings account is best for you, but it can also help you compare financial products, like personal loans, bad credit loans, and credit cards, and understand their real cost over time. Two loans could be for the exact same amount for the exact same length of time, but if one uses simple interest and one uses compound interest, one will clearly cost you less in the long run.Loan terms.When you take out a loan, you agree to a set of conditions, including the amount to be borrowed, the interest rate, and the term of the loan, or how lo ng you have to repay the loan. One key aspect of financial literacy is understanding how the term of your loan affects the size of your payment. This concept goes hand in hand with the concept of interest, which we just discussed.Let’s say you want to take out a loan for $1,000, and you get to choose between a term of one year or two years. Which option would result in a smaller monthly payment? That would be the two-year term, since you are spreading the same amount of money over more months. A one-year term would be about $83 a month, while a two-year term would be about $42 a month.Who wouldn’t choose the two-year term, you say? Well, unfortunately, things are rarely that simple. Interest is always a factor. Consider what would happen if your $1,000 loan came with a five percent interest rate that compounded annually. The longer your loan term, the more you would pay in the long run, even with smaller monthly payments.Inflation.Inflation is the rate at which the costs of good s and services rises over time. In other words, it affects the purchasing power of our dollar. Back in the day, there used to be something called penny candy because itâ€"you guessed itâ€"cost a penny. (Look, it’s even in the dictionary!) Even the cheapest of today’s candy costs more than a penny. That’s inflation.Many people think a certain amount of inflation is a sign of a thriving economy but that too much inflation is cause for concern, since that would massively devalue the dollar. Inflation is something that our government (the US Federal Reserve, specifically) tries to regulate at around two percent a year. That doesn’t always happen, and the average inflation increase since 1921 has actually been 3.26 percent a year.Inflation of more than two percent but less than 10 percent is called “walking inflation,” and it’s considered to be not great but manageable. When interest rates increase to the 10 to 20 percent range, it’s called “running inflation” and can cause big problems, especially because incomes don’t automatically rise with inflation.Inflation can also be different depending on what you’re talking about. For example, housing costs may rise over time at a different rate than food costs.One key thing to think about is how inflation might affect you over the course of your lifetime. Let’s think about that savings account again and the purchasing power of the dollars inside of it. What if the interest rate of your savings account is 2 percent, but the average annual inflation rate is 3 percent? In 10 years, will your savings have more, less, or the same purchasing power as it does now? The answer is less. And if you don’t even have a savings account and your $100 is instead tucked away in a sock drawer earning 0 percent interest, your dollars’ purchasing power would be even less.Risk and diversification.Risk is a term that is used in investing as a way to characterize a financial decision’s degree of uncertainty and/o r potential for loss. The higher the risk, the greater the degree of uncertainty and the potential for loss. Investors generally don’t make risky decisions unless the potential payout it great enough to justify it. Ever heard of the phrase “high risk, high reward”?For ordinary people, the most likely place they encounter risk is when it comes to their retirement account, which is usually made up of a portfolio of different types of investments. Accounts with a wide variety of assets are less risky than those with few. This is called “diversification.”Let’s say you come into $1,000 and decide you want to invest it. You’re deciding between (A) putting it all in the stock of one rising-star tech company or (B) contributing to a portfolio that will invest portions of the money in dozens of different assets, including the tech company’s stock. Sure, if you go with option A, that tech company could take off and your $1,000 could turn into $1 million. Or it could go bankrup t tomorrow and you could lose everything. If you go with option B, the majority of your money is still safe in other assets.Interest rates and bonds.A bond is a type of investment in which you loan an entity (like the government or a company) money to be paid back at a fixed date (aka the “maturity date”) with a fixed interest rate. It’s kind of like the tables have turned, and instead of, say, owing to the government on a $1,000 student loan, it owes you on the loan.Governments and companies sell bonds to investors when they are trying to raise funds, and investors know exactly what the maturity date and interest rate are when they buy themâ€"they do not change over time. And that brings us to a key takeaway when it comes to financial literacy: The value of a bond fluctuates depending on what the prevailing interest rates are at any given time. More specifically, as interest rates rise, bond prices go down. The opposite is also true.Improving your financial literacy.Now that you’ve read this post, you’re financially literate, right? Well, maybe. According to this recent Bloomberg article, achieving and maintaining financial literacy is difficult. It’s not something you earn once and keep forever. In fact, experts think that financial literacy is something that requires constant practice, which is not something average people have the opportunity to do. This might mean that, in order to be prepared for the times where you do need financial literacy, you may need to seek out ways to learn and practice your skills.To improve your financial literacy and money management skills, check out the free standards-aligned courses that we offer through OppU. If you want to avoid predatory storefront and online loansâ€"like short-term cash advances and title loansâ€"becoming financially literate is a critical first step. To learn more, you can also check out these  other posts and articles from OppLoans:Building Your Financial Life: Budgeting for BeginnersSave More Money with These 40 Expert TipsHow to Raise Your Credit Score by 100 PointsFinancial Basics: Expert Tips for Smarter SpendingDo you have a personal finance question youd like us to answer? Let us know! 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