Answer question Essay Example | Topics and Well Written Essays - 1000 words - 4

Answer question - Essay Example y, orders used to circulate from the customers to the hands of brokers to went to the floor desk to the order desk to the executing broker to the runner and then back again, and therefore errors used to be common(Sykes, 1983). In reality, this errors cannot have an impact on the capital today. The moment an error is discovered, and as well the market is still open, it is just the role of the order desk to get out the error and finally, need to determine the fault. However, determining fault is usually easy. Perhaps, double-checks in the system should be there, primarily composed of the telephone recordings as well as duplicate orders that will tell the story. In addition, it should not have absolutely impact on capital because the moment it was determined that the broker-agent, or customer, or even the floor broker was the one at fault, they could ate the error. Also, incase the error happened at any other place in the process, and then the clearing firm needed to swallow the loss (Jackwerth& Rubinstein, 1996). The function that insurance can perform in reducing the capital impact of operational loss of a firm is highly significant. Transferring a certain risk to an insurance firm can lead to a better performance hence covering diverse losses and prevent critical situation. It has been approved that insurance can be applied as a mechanism to minimize the impact of operational losses for firms like banks, and this means that a specific insurance against risks can result to a low level of minimum capital that is allocated to a given risk category (MacMinn & Richard, 2005). In hard economic moment, organization tend not be affected as such. With the financial crisis, it has been reported on ways firms employ strategies in order to cope up with the difficulties that inevitably follow crisis in economic (Douglas& Browne, 2011 ). Scenario analysis is a strategise tool in making decision. However, it has been applied for most decades in different disciplines, that

Law7 ass1 Essay Example | Topics and Well Written Essays - 250 words

Law7 ass1 - Essay Example The opinion basically cites the common law protection against unreasonable charge while at the same time encouraging the values of free trade. Hotels are public accommodations and can only exercise their right to admission to a certain level. The hotels may not refuse accommodation to guests for reasons that are deemed discriminatory. They however have the right to regulate the use of their facilities other than the basic by allowing a certain section of their clientele access to some of their facilities and withholding the privileges so long as the selection criteria does not amount to discrimination by reason of race, origin, nationality, color, religion or Condition. The mode of dressing does not make one a minority. The Unruh Civil Rights aims to protect minority customers from discrimination on the basis of factors such as religion, age, gender, color, ancestry, nationality, disability, medical condition, marital status, or sexual orientation. The hotels in California can therefore legally refuse accommodation to a person dressed in a peculiar manner for instance when the mode of dressing may be offensive to other guests. The same applies to other states and cannot be viewed as discrimination. However, hotels in California and other states may not refuse accommodation to a person on the basis of their dressing if the same boils down to discrimination. An example is when the clothes worn indicate adherence to a certain