Case Study Preparing The Audit - 1186 Words

Preparing the Audit – Here, the auditor prepares a detailed audit plan, taking into consideration all relevant facts and records regarding the Company or ship, whichever the case may be. Ideally, the plan should incorporate the Company’s/Ship’s management, so as to enhance communication and mitigate discrepancy. To effectively use resources and available information, the plan should be produced fair flexibility to include: ï‚ § The language of the audit ï‚ § The place and date of audit ï‚ § Schedule of meetings to be held with Company/Ship management ï‚ § Identification of Organisations and Individuals holding ISM/SMS responsibilities. ï‚ § Identification of Auditor(s). Executing the Audit – Upon arrival at the Company’s premise or on board the vessel, the auditor must first request for an opening meeting with the management or the master and other designated personnel to discuss the audit process. Following a formal introduction of the Auditor(s) to the Company or ship management, the rationale and objectives of the audit must be declared. A summary of the methods to be employed, followed by the official communication line must be established and unanimously agreed upon. During the audit, objective evidences can be collected both by interviews with personnel and observations of activities/conditions. Corrective actions on Non-Conformities from previous audits must be verified with the element 9 and 12 of the ISM Code. Closing Meeting – Prior to completion of the audit, a closingShow MoreRelatedNorth Face Inc. Case Study Essay713 Words   |  3 PagesTiffany Hale AC503-02 Unit 2 Case Study North Face Inc. Case Study 1. Should auditors insist that their clients accept all proposed audit adjustments, even those that have an â€Å"immaterial† effect on the given set of financial statements? Defend your answer. 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Global Consumer Product Free Essays

string(118) " and extra cost plus a time consuming process to correct the mistakes and advertise again and get another round of C\." Bibliography Executive Summary Global Consumer Products Company, a well-established company decided to launch a new product range. That is Baby Soap ranges. Suddenly they identified a need of a Brand Manager for this product ranges. We will write a custom essay sample on Global Consumer Product or any similar topic only for you Order Now And decided to recruit a person externally. Since this was not pre-planned and the company is in a hurry to introduce their new product to the market, the recruitment and selection process was carried out within a very period of time. There were several major mistakes in the advertisement they repaper in order to publish on the newspaper. The company had failed to include the Job Description, Job Specification and a description about the company. Hence the advertisement was unable to attract enough number of candidates. Somehow they managed to select number of people to call for the initial interview. Marketing Manager and the HRS Manager were supposed to carry out this interview. But this was placed on the exact date on which the company had its monthly Board meeting. Since it is mandatory for these two responsible managers to attend to that the interview was done hurriedly and selected two candidates for the last interview. As the CEO and the Marketing director had to participate in an exhibition through which their target was to create new customers for their new product, they are hoping to launch in the near future, the last interview took place but late. Mr.. Anton was selected as the Brand Manager. In the first week he was supposed to give an induction to make him familiar with the company and the Job. But he had to involve in the business activities from first day onwards. He was asked to come up with a strategic plan for branding no sooner he came. He didn’t have proper knowledge and kills and also didn’t have time to study the branding architecture of the new products. So the branding strategy and the action plan he brought was not successful when compared with the rival firms. And the product proved to be a failure from the very beginning. Mr.. Anton understood that his level of competency and technical knowledge was under the required level and hence he was denominated. Since the company target couldn’t be achieved whole branding group was denominated. As a result Mr.. Matron’s probationary period was extended. That is the overall summary of the case study to be analyzed. Analysis: Issues involved in the case. Global Consumer Products Company (GAP), had planned a strategy to launch a new product range. (Baby Soap Ranges). Planning a new product is a long term procedure. Hence identifying the Manpower requirement in order to carry out the plan must be done along with the product planning. Because it is a part of the product launch. Failure to do so resulted in several issues including product being failed in the market. Key issues identified are discussed below. 1. Poor HRS Planning The key reason for all the issues discussed here is poor HRS planning. The GAP Company failed to identify the HRS requirement for the post of Band Manager, when they were planning the new product. This post can be considered a critical post, to which selecting a person is very difficult. Because, they are going to introduce a new product, I. E. Baby soap range to the market. In Sir Lankan context, the market for the baby soap is almost saturated with both local and imported baby soap products. Mostly the brands are now inculcated in customers and hence it is difficult to creep into this market and create an own brand. But knowing that, still deciding upon to launch this product, company is taking a huge risk. They need ample of marketing campaigns and plans and ways of making the brand familiar to the customers and create a new customer segment. It is, the brand manager who has the responsibility to work it out. Therefore company should recruit a person with vast experience and knowledge regarding Marketing and Branding of products. The study states that Mr.. Anton does not have the required level of experience and competencies to do it. But this was found out later. Required Brand Manager must have to have the enough competencies and skills plus a good understating about the industry and the monitors in order to create a very strong branding strategy to grab the market. He must have the talent to create a brand strategy which makes the product popular among the target customer segment. Since the company was in a rush to hire a Brand Manager within very short period of time, they didn’t have enough time to create a suitable Job Description and a Job Specification to publish in the newspaper. Job Description describes the Job. The responsibilities, duties assigned to the Job, etc. Whereas Job Specification the type of person you wish to hire. His qualifications, skills knowledge and, competencies. Etc. This is yet again, another adverse result of poor HRS Planning. 2. Mistakes in the Advertisement The company was in such a hurry to hire a Brand Manager; they didn’t give much of an attention to create a professional attractive advertisement. The advertisement appeared on the newspaper was suffering from absence of several vital information such as Job Description, Job Specification and details about the company. After Effects: The company was failed to attract enough number of candidates. The cost incurred in the advertising was in vain, because the company made a wrong selection ultimately. Most suitable candidates have not applied for the post because of the lack of information provided. Study clearly says that because of the careless mistakes done by the company when doing the advertisement, their expectation on getting a pool of candidates was not fulfilled. Only very few applied, and among them there wasn’t a single C.V. that will fit into the Job well. Since they have incurred a cost, and it is and extra cost plus a time consuming process to correct the mistakes and advertise again and get another round of C. You read "Global Consumer Product" in category "Papers"v., they have decided to proceed further with the received C.v.. 3. Mistakes and Failures in the Interview Process Marketing Manager and the HRS Manager once shortlist the available C.v. and called for interviews. Another mistake they did was, without checking the company’s schedule, they placed the date of the interview. As a result they have scheduled the interviews on the exact date of monthly Board meeting was supposed to take place. Initial interview is the first time the candidates and employers met physically. Hence the interview should be well organized properly planned and should be done with a greater care. Because, we have to select a person who has the skills, knowledge, experience, and also the right attitude towards the Job and the company. Each and every candidate should be given same attention and same questions and evaluated on a fair manner. Since both the interviewers were in hurry to participate in the monthly Board meeting, which also has a similar importance, there is a question whether they did the interview accordingly. They were under a pressure to finish off the interview as soon as possible to present at the meeting. Questions arising with regard to this improper interview session: Were all the candidates given same time eroded? Were all the candidates asked same questions and in the same sequence? Were the candidates given enough time to describe themselves and give information? Were candidates being questioned stressing on the subject matter? (I. E. Were they asked questions relating to the post of Brand Manager, so as to get an idea regarding whether he/she has the capacity to work as the brand manager) Were candidates given time to ask questions about the company and the Job post? (Since the advertisement doesn’t provide information enough, candidates must have questions ND doubts to clarify) Did interviewers pay attention on the candidates’ behavior, non-verbal communication etc? Interviewer should have a free mind to interview people and observe them closely. They were in a hurry to go to the board meeting. Therefore they did the interview without paying much of an attention and interest. Still they managed to select 2 candidates for the final interview. They might have missed more competent candidates while they rush through the interview. 4. No Induction program Once a candidate is hired to any company, it is an essential aspect to give him/ her n induction program. Through that the new employee familiarizes to the company culture, and to the department he has to work plus introduce him to other employees with whom he/she has to work. Then he can get a better knowledge about the nature of the Job he has to perform, his peers, subordinates and superiors. In this case, GAP Company didn’t give Mr.. Anton an induction to make him familiar with company’s systems and processes. Instead he was directly put into his Job and was expected to work as there were lots of requests to the new product. At least he was not given knowledge about the new product range the company is expecting to launch in the future, or the requests and demand placed on the product by the external parties. Even Mr.. Anton was not informed about the market company tried to create by visiting the exhibition. Correctly speaking Mr.. Anton should have been selected before the exhibition, so that he could have participated in it. Because, every decision was taken without his knowledge, and participation prior to his arrival. As the Brand Manager he must be a part of the decision making process as far as this new product is concerned. 5. Poor Performance of Mr.. Anton Mr.. Anton was not familiar with the systems and processes of the company. Also he does not have a good knowledge about the Job he has to perform, because as soon as he was employed, directly put into the Job. Then, with no time he was asked to develop a branding strategy for the new products range. Mr.. Anton faced a huge problem here. Because he did not have expected level of knowledge and experience in Strategic Management initiatives. He didn’t have adequate time to study the Branding architecture of the new product. He has not exposed to such experience in his previous Job. He didn’t have time to study the nature of competitors the company has to compete with, so that he could have created a Branding Strategy and an action plan to bring out their products. Therefore it is reasonable and natural that the strategy and action plan he created being failed. This made him understand that he is not suitable to this position. Especially he understood that he does not have the expected knowledge and experience to perform as the Brand Manager, Sometimes he had to listen to his subordinates when it comes to technical areas of the Job role. 6. Product fails in the market Ultimate result was the product range couldn’t compete with the well establish rivals and it was at a failure. Branding team was not lead by a powerful manager, therefore in latter part hardly branding activity took place. Hence employees were denominated. They couldn’t achieve the given targets. GAP lost the contacts the company managed to create in the beginning, and lost the market share. 7. Poor HRS practices in GAP All above issues created because of the poor HRS practices of the company. Even though it was not clearly mentioned in the text, the way they acted in recruiting Mr.. Anton implies that. HRS department has failed to fulfill certain duties and responsibilities placed on them. The whole process of recruiting, selecting and induction was not planned at all. HRS department had not planned for future HRS needs in the company. Didn’t plan the Interview process properly. 1 . JDK and AS must be prepared carefully clearly mentioning the type of person and the nature of the Job he has to perform. 2. When advertising in public media, HRS division must be more responsible to make sure that every information is provided. 3. Scheduling the date of interview must be done without clashing with other programs n the company. Recruited employees must be given a proper induction. Evaluating the performance of the new employees. Had the HRS division done so the performance of Mr.. Anton as the Brand Manager, they could have identified the problem facing by Mr.. Anton. The issue could have been addressed earlier than this. Recommendations Mr.. Anton is employed as a permanent employee to this company, he cannot be terminate purely based on his poor performance. As the first step, company can arrange a proper training and development session for Mr.. Anton to give him an opportunity to enhance his knowledge on branding. It will help him to develop his technical competency required in his Job. Proper training will take some time for him to gain the expected level of skills and competencies, but still the company has to do it as there is no replacement and it was company’s fault of providing insufficient information and recruiting the wring person. Another recommendation is to hire an external professional temporarily to develop a stronger strategy to relocate the product and reenter into the market freshly. This is costly option but still as the company has invested a huge amount on this new product and hence the opportunity cost is very high, company cannot discontinue the operations. And can make Mr.. Anton work under the hired external professional for some time. This will be an excellent on the Job training to him. When considering the situational factors, hiring an external professional to the company is a very good short term solution. The company can monitor the performance level of Mr.. Anton. If he shows improvements in the Job then the company can continue to keep him as the Brand Manager. The marketing team should implement some attractive and string marketing campaigns to reenter to the market. A very aggressive alternative is also is available. How to cite Global Consumer Product, Papers

Speech Outline Why Winter Is Better Than Summer Essay Example

Speech Outline Why Winter Is Better Than Summer Paper Topic: Winter is better than summer Specific Purpose: To persuade that winter time is better for health and it`s fun as well. Central Idea: Many people hate winter time and can`t wait for summer, but they don`t realize all good things that winter offers. Organization pattern: Monroe Motivation sequence I. Arouse Attention A. Who likes to sweat every time you go outside and take a shower three times a day to get rid of the sweat smell and refresh body? B. According to article Emergency Heat Wave Advice every year 175-200 people in the U. S die from the heat. C. Today I want to persuasive audience that winter is better than summer. II. Demonstrate the Need A. In summer time there are many mosquitoes which can spread diseases. 1. According to article Mosquitoes and Disease â€Å"Even today, mosquitoes transmitting malaria kill 2 million to 3 million people and infect another 200 million or more every year. 2. Tens of millions more are killed and debilitated by a host of other mosquito-borne diseases, including filariasis, yellow fever, dengue and encephalitis† B. According to Dr. Maoshing â€Å"the winter is a time to come back to quietness and rebuild your energy reserves. † C. Too hot to sleep at night. 1. A lot of people can`t sleep because of the heat and it might cause health problems. 2. People sleep better in cold room and in summer time it`s mean bigger bills to use they AS system more. III. Satisfy the Need A. Winter is better for health than summer. 1. People are not in danger for heat exhaustion and dehydration. 2. People can`t get sunburn, that`s mean lower risk to get skin cancer. . Mosquitoes sleep in the winter time B. Winter brings snow 1. People can go skiing and snowboarding 2. People can have snow fights and make snow mans. 3. People can walk on the freeze water and go ice fishing C. Winter means Christmas and as well it means presents and cookies. The Christmas season, whether you are atheist or not, is the warmest, most peaceful time of the year. IV. Visualize the Result A. Each season time has it`s own advantage, but winter has more possible activities. 1. In the summer people can swim 2. We will write a custom essay sample on Speech Outline Why Winter Is Better Than Summer specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Speech Outline Why Winter Is Better Than Summer specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Speech Outline Why Winter Is Better Than Summer specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In the winter time people can skate, ice fishing, jump in after sauna to make lover body temperature. B. Temperature: 1. In the summer time its hot and humid, usually if it`s too high temperature and it`s hard to breath as well. A lot of oil gases 2. In the winter time temperature is low and air is more fresh and clean. V. Call to Action A. In conclusion, winter brings so much positive emotions and things. 1. Making snow mans and playing with snow 3. Skiing and snowboarding 4. Ice fishing 5. And enjoy the beautiful nature B. Also, people health is not in as big danger than in the summer. C. It`s time when family come together to celebrate Christmas and New Years eve. D. Hopefully I persuasive some of you that winter is the really nice season and that it`s better than summer. Works Cited Emergency Heat Wave Advice. Emergency Preparedness Disasters, Plans, and Survival. Web. 23 Apr. 2011. . Mosquitoes and Disease. Illinois Department of Public Health Home Page. Web. 23 Apr. 2011. . Ni, Dr. Maoshing. 5 Secrets to Winter Health and Energy. Yahoo! Health. Web. 23 Apr. 2011. .

Tiberius Gracchus Essays - Tiberius Gracchus, Allotment, Gracchi

Tiberius Gracchus Essays - Tiberius Gracchus, Allotment, Gracchi Tiberius Gracchus By Tiberius Gracchus? proposal of the law stated in the lex agaria, I speculate that he is trying to help the poor citizens of Rome, and at the same time, benefit the overall condition of the city. The law stated that those holding more than the legal limit of public land must give that land up, and that this land would be redistributed to ?Roman citizens in small allotments...? That Gracchus is trying to help the poorer citizens is shown through the small size of the plot of land given, the provision that a small rent must be paid, and that the land could not be sold. Handing out this land also would benefit the state because, by giving some of these plots to those who had no land, these people could now join the army. As well, this would de-crowd the actual city of Rome. Finally, he could not make this law by himself; it had to be approved by the aristocrats, so he had to benefit them too or they would not comply. The plots of land that were to be split up and redistributed were said to each have a maximum size of 30 iugera. This allotment is not a large amount of land in comparison to the 500 or more iugera that other citizens are said to hold. The difference between the sizes of land seems to imply that those receiving these small plots would be of a lesser income, because there would not be much of a point in giving land plots of 30 iugera away to those who would consider it insignificant. Those Roman citizens that did not have a large quantity of money or land, however, would find 30 iugera to be a large allotment of land and would be able to find good use for it. The law makes the statement that the new holders of the land must pay a small rent. This could be just instated so that the land is not just a hand-out. If land was handed out for free, that would most likely anger the rich that the land was taken from. As well, this alludes to simple principles. It would most likely not be acceptable in these days to hand out land for free, however, if a fee was added to it, no matter how nominal, it would give the idea that it was in fact fair for this to be done. Another possible reason for the rent being required could also be so that if the people given the land had to pay for it, they would put it to good use. If the land was given out for free, it might be taken advantage of and not treated properly. The fact that it was paid for makes it all the more valuable. Additionally, the fact that the rent is stated to be a small also insinuates that this land will be given to the poor, and probably the poor that had not owned land before. If this land was to be given to the middle class or rich, almost certainly a larger rent would be asked for, since these people could afford it. It is stated that ?the new holders were not allowed to alienate [the small allotments] This says that once they were given the land, the citizens could not sell it back for money. This implies two things. One, that the people the land was ?taken away? from could not get this land back by bribe or anything of that sort. And two, that this prevents serfdom in a way also because the original owners cannot try to get the land back and assert control over the new holders. Because the new holders have paid a small rent and could not sell their land, instead of working other citizens? land at the mercy of those they worked for, they were working their own land and were subject only to the government, whom they paid the rent to. There are also possible additional benefits to giving these plots of 30 iugera to the poorer citizens. In the time when this law was made, any citizen who owned land had to be in the army. If

Why Being Too Smart at Work is a Bad Thing

Why Being Too Smart at Work is a Bad Thing Being smart is a good thing, right? Well, maybe†¦ The truth is that even though being smart is a good thing for your career, there are downsides to being intelligent. It can foster resentment in colleagues and co-workers, and it can also lead to you taking unnecessary risks because of an inflated sense of your own abilities.Here are just a few reasons why being too smart can actually work against you.1. Greater workloadsWhen you’re known for being intelligent, you’ll be given extra tasks from your managers. This is good in a way, because you’re the person that they trust to get the job done, but it can also lead to you staying late at work or catching up with things over the weekend, whether you’re getting paid for it or not.This is particularly common if you’re a decent writer, as Keith King from the AussieWritings service explains: â€Å"Once you’ve got a reputation for being a good writer, everyone from junior executives to the CEO w ill want you to proofread their emails. It can help you to get ahead, but it can also be very time consuming.†2. More envyIf you’re known for your intelligence, it can make it difficult to befriend your co-workers. They may feel envious, both of your success and of your abilities. Because of this, it can be tricky to get along with them, and even when you manage to make friends, it can still lead to simmering resentment that bubbles up but doesn’t show on the surface.3. Reduced promotion prospectsThis might sound counterintuitive – after all, who wouldn’t want to promote an employee who’s shown intelligence and initiative? Unfortunately, it comes back to politics – if your boss has learned to rely on you, they might not want to lose a good subordinate. If a promotion is being discussed amongst different stakeholders, your boss might even argue against giving you the job.On top of that, if your colleagues are jealous of your success as per our second point, this could have a knock-on effect for your promotion prospects. After all, the ability to work as a team is one of the most sought-after attributes for both graduates and long-term employees.4. Higher expectationsUltimately, if you’re known for being intelligent, you’ll make it more difficult for yourself because people will automatically assume that you’re able to do things. In fact, once you’ve earned a reputation for being intelligent, it’ll stick – and it can often lead to huge amounts of pressure from senior management. If you work as part of a team but you’re perceived to be the most intelligent, it’ll be you who gets hold accountable for performance.ConclusionUltimately, being smart has its advantages, but if you want to succeed at work then you’ll need much more than basic intelligence. You’ll also need common sense and an ability to play the game – most offices have their own internal politics, and smart people tend to find themselves becoming a target. Modesty is key. No matter how smart you are, there’s always something else for you to learn. Don’t allow your ego to get the better of you and focus instead on humility. It’ll make you even smarter in the long run – which will come in useful if you make yourself too invaluable and need to switch to a different company. Smart is good – most of the time. Make it work to your advantage.About author: Olivia is a journalist who always tries to see the bright side of things. She likes to inspire people in her writings and enjoy a mysterious beauty of twilight. Connect with her on Facebook and Twitter.

International Expansion of Burger King into France Case Study

International Expansion of Burger King into France - Case Study Example Among the different factors identified by this model, we have singled out three that have a particular impact on the success of Burger King. Further PESTLE information is available in Appendix 1. 1. The most critical is the socio-cultural factor. France is a country with a long culinary tradition. French people who consume fast food show preferences guided by considerations of health and nutritional variety (Steele). French ex-employees of foreign fast-food chains have identified such preferences and successfully set up their own fast-food restaurants better aligned to French tastes (Rosenberg). Burger King will therefore need to adapt its cultural approach by extending the menu range beyond the basic burger-soda combination to produce meals to appeal both to the customer who is interested in novelty and fashion and to the one who seeks reassurance from tried and trusted classics. In general, culture occupies an important place in French life and extends beyond eating habits. Literature, art, lifestyle, values and traditions are all watched over and influenced by various French institutions as well as the government. As a nation, France seeks to develop and export its culture: "promoting cultural influence has been national policy for centuries" (Morrison). As such, a certain cultural protectionism exists in the French domestic market. For this reason, standardisation of Burger King operations extended to France must also be tempered by intelligent adaptation to the cultural norms that are deeply rooted in the market (Briscoe). 2. The legal environment and a number of governmental components are also specific to France. While to some degree harmonised with European policy, laws are still largely based on the Napoleonic Code, which has certain significant differences to anglo-saxon law. The french government has also recently begun a national awareness campaign for fitness and healthy eating, typified by its promotional web site (www.mangerbouger.fr). While this has no legal weight, it is an indication of the french government's wish to influence eating habits and therefore food market offerings. This represents both a challenge and an opportunity to Burger King. For example, if the company can adapt its promotional material correctly, Burger King meals can be positioned as the "healthy fast-food alternative" (Rosenberg). 3. Economic factors including exchange rates and inflation will also be important considerations. Exchange rates are based on the euro, which is currently strong against the US dollar. Revenue flowing back to the parent company from Burger King in France will therefore be enhanced, but operating expenses will be higher as well. France has one of the highest numbers of public holidays in Europe and almost double the amount of paid vacation for a salaried employee compared to the US. The french working week was redefined some years ago by the government as 37 hours per week. Where possible, the response of companies in France was to become more efficient in their working practices. However for restaurants such as those of Burger King, the repercussion is on higher staffing expenses. Adaptation of restaurant operating procedures may be required. Competitors of Burger King such as McDonald's (Briscoe) and

Article Summary for MacroEconomics 4 Essay Example | Topics and Well Written Essays - 750 words

Article Summary for MacroEconomics 4 - Essay Example The money provided by the package was almost over and the state’s police, firefighters and teachers were going to lose their jobs. President Obama is once again going to appear before the Congress for another $300 million to create jobs and help the economy. Three rounds of stimulus aid have already been provided by president Obama. The round one was openly and fully criticized by the republicans, in round one $200 billion were used to support tax cuts, $300 billion were used or the support of those who did not have jobs and $300 billion were used for direct investment in different projects. The spending on various projects contributed the most in creating jobs. The round two mainly contributed to the bailout of the auto industry of United States and helped a great deal in creating jobs. The money spend on bailout of auto industry was recovered and returned by the auto manufacturers. The step of helping the auto industry was the most successful one as this helped the auto manu facturers in solving their financial issues, this step alone helped in saving more than 1.5 million jobs. Before the bailout program, the auto manufacturers were in very bad shape and were on the verge of being forced out of the market. The bailout of auto manufacturers has a long term positive impact, these firms are currently doing very well and even employing more employees and posting higher profits. The use of stimulus money in other arenas had very little impact and an overall view suggests that stimulus money invested in other sectors was wasted. The round three of stimulus help was quite effective as huge amount of jobs were created because people had money to spend and due to increase in demand for goods and services there was increase in demand for more workers. More than $858 billion was spent as a part of the stimulus package; money was spent on unemployment assistance provided to those who were out of jobs. During summer, the economic growth and employment growth once a gain stopped and jobs created in the private sector decreased. It is even estimated that president Obama will continue providing unemployment assistance to employees. In my opinion, the president could have dealt with the stimulus package in different ways. The stimulus money was used in certain areas that did not turned out to be quite productive. For example: the tax subsidy, the unemployment benefit was of no great help in creating jobs. Whereas certain developments made with the stimulus money were quite helpful in decreasing unemployment in US. For example: investment in projects and bailout of the auto industry. Instead of giving money directly to the unemployed individuals and providing them unemployment benefits, stimulus money could have used to finance and bailout other sectors of the economy. This would have helped businesses with their liquidity issues and they would have saved themselves from being bankrupt. If businesses would not have closed and money would have been used to help these businesses, employment would have increased. Thus the unemployment assistance would not have been important and neither the tax cuts. The businesses that would have been saved with the help of stimulus money would have made money and they would have paid taxes. Taxes are revenue for the government and are necessary for the development of the economy. The taxes