When being placed in the role of a manager, it is important to understand the finances of the organization and how to read and understand the recording of finances. It is also important to understand how all the different parts of the records fit together to give us the knowledge of where the business is financially. Knowing also the different responsibility centers related to financial recording and how they function is important as a manager. Once a manager understands what and where items belong on a balance sheet, they will better understand the state that the business is in. “It provides you with a picture of the financial health of your practice or organization on a certain date.”
However being the most wealthiest man leads to many controversial questions. One specific question that has been
Once upon a time freedom used to be life now its money. I guess the world really do change. (Hansberry 2). This evidence suggests that times have changed and money becomes a conflict in everyday life. But, it becomes a
Andrew Carnegie stated, “There remains, then, only, one mode of using great fortunes; …the duty of the man of wealth (is to) set an example of modest … living…; and … to consider all surplus revenues … as trust funds … to produce the most beneficial results for the community.” (Document 8) Andrew Carnegie believed the wealthy had the responsibility to support and give back to the community, while he could not do the same for his workers. He thrived off this belief for others, donating to other causes, but his workers that were still suffering revealed Carnegie’s careless attributes. In the Rise of Big Business, it reads, “Carnegie’s watch on costs never let up in his first twenty-five years in the steel business. He grew more fanatical as years passed and competition stiffened.”
Becoming wealthy comes with a lot of responsibilities, Carnegie said that he lived frugally, so his money started racking up, and then he sold his business which concluded to an extreme amount of money. But many workers of his said that his conditions and wages were not fair for how much he was making. “Carnegie, more than any other businessman of the era, championed the idea that America’s leading tycoons owed a debt to society. He believed that, given the circumstances of their successes, they should serve as benefactors to the less fortunate public” (textbook). Carnegies’ Gospel of Wealth states that he put copious amounts of dedication into his work.
For someone who is so wealthy it is strange that he wants more than wealth. In a way he is greedy for wanting wealth and
My idea of money was not far from that same thought. When you think of how many people have gained their wealth through selfish and corrupt ways, it is kind of hard to not have this thought process. Money can drive people to do things that they would never dream of doing. In his speech, Francisco d’Anconia speaks of how money demands our highest virtues. He talks about men who obtain their money through compulsion or by favors, instead of by consent or by hard work.
For example he had all the money and he still wanted to work more on his inventions. For instance, when Steve jobs wad all the money he desired he still wanted to improve in his products. He was passionate about his customers and their ability to change the world using hi products (Forbes). Secondly, Steve jobs had a moto going through life. His moto to succeed was to “stay hungry and stay foolish”.
“If you want to build a ship, don’t drum up the men to gather wood, did the work, and give orders. Instead teach them to yearn for the vast and endless sea” (Saint-Exupéry, 1948). This perfectly describes Steve Jobs. He was a leader with passion and clear vision who directed his people and got extraordinary achievements. While many believed him to be a transformational leader, others see him as a toxic leader.
Bill Gates is one of the richest men in the world, yet he is also one of the most selfless; a very rare trait for most billionaires. Bill Gates impacted America with the invention of an easy operating system so that everyone in the country could use a computer, and with the charities he donated to with the money he made from his company. Bill Gates’ main impact on society was making computers available and easy to use for everyone. Before computers were something people carried around in their pockets, they were very complicated machines that only trained people could use. Bill Gates’ company, Microsoft changed this by making them personal.
Introduction Whenever someone argues that college dropouts are incapable of achieving anything in life, bring up Bill Gates’s name. Bill Gates, a Harvard dropout, is one of the richest men in the United States due to the gargantuan success of a business he started with Paul Allen, which is known as Microsoft (Bill Gates Biography.com, 2017). Nobody can deny that Bill Gates has had a massive impact on the technological world. However, in this essay, we study the leadership qualities that made Bill Gates one of the most successful people in the entire world.
He is passionate person and his story his great advice for all others. That is why I chose Bill Gates as the person to analyze on the topic of “A well-known Entrepreneur”. The things I learned through this assessment is really valuable. As I looked through the Life and journey of Bill Gates I learned that you should never give up on your dreams, not even when you are fed up and you are tired. That last moment when you feel the urge to give up is the moment that you should push yourself and try more harder in order to achieve your dreams.
Do you ever think of why should or shouldn’t the rich people pay more tax than others? Nowadays, people are arguing about the fairness of paying more tax. Statistics have proven that the rich have paid the majority of U.S. income taxes. A person making $100,000 will pay a higher percentage of his income in taxes than a person making $20,000 for instance. According to the Congressional Budget Office, “The 10% of households with the highest incomes pay more than half of all federal taxes.
Case Study – Bill and Melinda Gates 1. What do you think Bill and Melinda Gate’s personality traits are for each of the Big Five dimensions? Compare the two. The purpose of big five is to categorize the personality traits into different dimensions which can help us to understand better how people behave to others and how react in their life.
Financial management “is the operational and financing activity of a business that is responsible for obtaining and utilizing the funds necessary for effective operations. Thus, Financial Management is concerned with the effective funds management in the business process. Finance is interrelated functions which deals with marketing function, production function, Human Recourse function and Research & development activities of the business concern. Financial Management is concerned with the financing, acquisition and management of assets with some overall goal in minds. There are three major areas in Financial Management decision making.
