Senior Public Management and Comptroller General in Chile
Senior Public Management in Chile
If a selected manager resigns within the first two months, the competent authority may appoint another member of the payroll. For all intents and purposes, senior management officials are the sole public confidence of the appointing authority and should be considered as such in terms of removal. Even with good grades, removal can occur.
When the termination of employment occurs due to the resignation of a senior executive, they are entitled to compensation under the
Read MoreBonus Shares and Dividend Policies: Impact on Companies
Advantages to the Company [Issue of Bonus Shares]
1. It makes available capital to carry a larger and more profitable business.
2. It is felt that financing helps the company to get rid of market influences.
3. When a company pays a bonus to its shareholders in the value of shares and not in cash, its liquid resources are maintained and the working capital of the company is not affected.
4. It enables the company to make use of its profit on a permanent basis and increases the creditworthiness of the
Read MoreEssential Documents and Cost Factors in Building Projects
Question 1
Background: A complete set of cross-referenced and up-to-date contract documentation is essential to identifying, describing, and applying the requirements of a Building Contract and to allow the project scope to be accurately costed and materials sourced and ordered.
For a typical new, single-story, 3-bedroom house on a vacant sloping site:
List 15 relevant pieces of contract documentation, including those documents, which the PCA-Approving Authority and Safework NSW may require, that a
Read MoreInterest Rates, Stock Markets, and Financial Intermediaries: An Analysis
The Influence of Interest Rates
How do interest rates impact investments? When interest rates decrease, returns on deposits and fixed-income securities diminish. Consequently, investors often seek higher returns in equities, increasing demand for shares and driving up prices. Conversely, when interest rates rise, investors shift towards safer, higher-yielding investments, selling their shares and creating an oversupply that lowers prices. These markets are interconnected; a well-functioning secondary
Cruise Tourism, Attractions, and Hotel Operations
Cruise Tourism
Cruises are mainly concentrated towards short sea journeys, about a week. Cruises can take many forms, from small-scale specialist ships to gigantic mass entertainment ships. Cruising has become a significant tourist industry. Big cruisers are like floating resorts where guests can enjoy luxury and entertainment while moving towards their multiple destinations. Companies are now offering bigger cruise ships, which bring economies of scale. The international market for cruising has
Read MoreUS Economic Crises: Dot-Com Bubble & 2007 Housing Crash
A Brief History of US Economic Crises
The Dot-Com Bubble (Pre-2001)
Before 2001, interest rates were high, which was reasonable given the economic cycle. High interest rates typically control economic growth and appreciate the currency. The dot-com bubble was a speculative bubble that inflated the stock prices of technology companies. These companies had significant know-how, but many lacked profitability. Venture capital firms fueled this bubble, seeing a promising future in the tech sector. While