The management of the companies should know the implications of the finance to be a successful player in the market. On of the most important measures in the development of the companies is the profit of the company. Therefore, it is imperative for the business to be financially literate. It has become an important subject at individual level after the recession. One of the most important components in the economy is the financial market. Financial Education is needed for the individuals and the organizations in the world to understand the concepts and rationales behind the financial products in the market. They also require recognizing the risks involved with the products so that they can leverage the risk when required. Financial education engulfs education about the financial products and the economy with the help of the charts and the data analysis, which help the companies and the individuals to analyze the market more carefully. (OECD, 26-27). This leads to the development of the economy in general. The individuals and the companies can take the advantage of a situation in the economy if they are well acquainted with the financial education. After the recession, a major trend in the market was the bankruptcy. The bankruptcy for a company or an individual is a condition when the person or the company is unable to pay the debts. The regulatory authority of the country gives the company or the individual the support to pay off the debts by taking over the assets. (Blum, 337). The importance of bankruptcy has increased in the aftermath of the recession as many companies and individuals took the shelter of the law, as they were unable to pay off the debts. The bankruptcy has a negative effect on the economy of the country in the case of the companies. The companies provide many individuals with jobs and with the closure the unemployment problem rise. However, in the case of the individuals, the bankruptcy
Most of the companies have become a global player. The development of the companies depends on the education of the rules and regulations of the global financial environment. The problems of the companies are…
Literacy Introduction Literacy is the initial goal sought in normal human development. Being literate would immediately connote being educated and being able to read and write. Literacy is more often than not based on contextual situations with their involved elements based on various factors in any person’s educational development.
From an individual's point of view, if he or she declares bankruptcy the court of law discharges the debt or repays the debt after selling the property or makes an appropriate plan to repay the debt. From the company's perspective, if the company files bankruptcy protection in the court of law then the court assign an agent to the company, who arranges payments to repay the debt through different modes or ceases the business operations and auctions off their asstes and property.
This paper aims to look at the issue that has been pointed out by the statement and presents arguments in line with it. This paper argues that while government punishes those who save, the incentives come to those who invest
to have received credit counseling from those who have been approved by the Bankruptcy trustee which would essentially brief the petitioner about the alternatives and economic issues related to bankruptcy. Section 102 of the Act also requires the attorneys representing the
Although virtual organizations are becoming efficient and productive, it can also be an uphill task if not properly supervised because of such obstacles as feelings of isolation and communication barriers. Due to the more geographically distributed organizations, there is an increasing popularity of virtual organizations.
The two categories engross the five bankruptcy types: chapter7-Liquidation, chapter 13-individual debt adjustment, chapter 11-reorganisation, chapter 12-Family farmer, and chapter 9- municipality (Distenfield, 2005, p. 47). All five chapters are distinct as each
Literacy is defined as the ability to write and read certain information. Literacy can take two forms; it can be informal education or the formal type of education. Informal education is the schooling which is done outside the usual classrooms. Informal education can be self tutoring, on the job training, the youth education program.
In my opinion, Literacy entails various scopes that define an individual’s prowess to read and write. The elements of literacy include various individual learning skills that depict various communication capabilities. Additionally, the scope entails
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