Living Wage Research Paper Example | Topics and Well Written Essays - 500 words

Living Wage - Research Paper Example Some people would state that employees who live below the poverty level should increase their skills that are set to increase their value to the organization. In the American magazine, the article â€Å"is a living wage just a wage† on the 19th February 2001, addresses the issues revolving around the wage bill. The article states that legislation on the living wage requires businesses, agencies and some organizations, which offer acceptance to government contracts to make payments to their full time employees as a living wage (Melden, 1967). The most vulnerable ethics theory that applies to the above incidence is the deontology theory. This theory states that people should keep their roles obligations and responsibilities when analysing an ethical dilemma. However, this theory lacks the issue of employees’ rights, which is much important. The choice of decision creates a state of dictatorship since no one is entitled to provide his/her views, but only entitled to his/her duties. Ethics provides equity among people who are given a living wage. Employees feel that they at times discriminated against when they apply for jobs. If an employee is denied a position, which he is qualified for, he/she tends to think that it has to do with his social class. A call for employers to follow the â€Å"uniform guidelines on employee selection procedures† should be availed to take into consideration the protected classes on the basis of race, sex, disability, age or religion. In response to the utilitarianism theory, which is found on the basis of predicting the impacts of a given decision or action. The article â€Å"What You Should Look for When Selecting among Employer Health Coverage† published on 16th November 2008 is related to this theory. If an employer selects an employee on racial, religion, age, nationality, sex and disability bases, he is practicing unethical activities, which are discouraged by the utilitarianism theory (The Washington Post

The theory and application of auction theory in context to British car Essay

The theory and application of auction theory in context to British car auctions (BCA) - Essay Example These were informal forms of auctioning. Though this may sound absurd, they indeed held the basic principles of the aims and objectives of auctions that we have today. Today, auctions are specially organised as a system of trade for a number of aims and objectives including the ones listed below. 1. To ensure that only serious minded investors approach trading products and services 2. To create best value for products and services that are being traded 3. To ensure and enhance openness with the terms of sale of products and services to the public 4. To help bidders have a fair idea of their rates as compared to other bidders 5. To speed up the trading off process of a given product or service. Because auction is a universal or global practice, it is associated with a number of generalised assumptions that have been accepted even in academic cycles. These general assertions on auction have come to be known as auction theories and they come in different forms and types. Four of these are briefly explained below with examples. Ascending Auction: As the name suggests, there is ascension in the price of the product and the ascension is determined and commissioned by the auctioneer. Commonly known as the British auction, the auctioneer ‘separates the boys from the men’ (reduces the number of bidders) by increasing the price of the product. ... These were informal forms of auctioning. Though this may sound absurd, they indeed held the basic principles of the aims and objectives of auctions that we have today. Today, auctions are specially organised as a system of trade for a number of aims and objectives including the ones listed below. 1. To ensure that only serious minded investors approach trading products and services 2. To create best value for products and services that are being traded 3. To ensure and enhance openness with the terms of sale of products and services to the public 4. To help bidders have a fair idea of their rates as compared to other bidders 5. To speed up the trading off process of a given product or service. Establish and explain main assumptions of auction theory Types of Auction Because auction is a universal or global practice, it is associated with a number of generalised assumptions that have been accepted even in academic cycles. These general assertions on auction have come to be known as au ction theories and they come in different forms and types. Four of these are briefly explained below with examples. Ascending Auction: As the name suggests, there is ascension in the price of the product and the ascension is determined and commissioned by the auctioneer. Commonly known as the British auction, the auctioneer ‘separates the boys from the men’ (reduces the number of bidders) by increasing the price of the product. By so doing, bidders will keep falling off the bidding proceed in order that the opportunity will come to rest with only one bidder, who for the sake of the increasing nature of the bid would come to be known as the highest bidder. This is a prominent form of auction as the Auctus Development Incorporated (2009) notes