Monetary policy analysis examines a central bank’s actions to manage an economy, with economists using economic models, historical reviews, and academic papers to determine if policies are helping or hurting. Models use inputs from monetary policy and activities, while historical reviews assess past situations. Academic studies combine both methods and remove bias. Monetary policy analysis […]
An American Land Title Association (ALTA) policy is a title insurance policy that protects against title issues and ensures the lender has a valid lien. ALTA was formed in 1907 to make the industry more streamlined and professional. Most institutional lenders require a HIGH policy, and 25% of properties have title issues that must be […]
An endowment policy pays out a lump sum at maturity or death, with payment terms varying from 10-20 years or a specific age limit. Different formats exist, with the unit-bound structure being popular. The policy aims to provide financial benefits to a beneficiary and may include a sum insured and bonuses. Early payment is possible […]
A remuneration policy outlines how an organization will pay its employees, including base salary, conditions for salary increases, and additional benefits. It is designed to fit the organization’s objectives and is influenced by factors such as size, profitability, and industry benchmarks. Incentives are typically tied to performance, and the policy may include health care, retirement, […]
A procurement policy governs the process of acquiring goods and services to minimize expenses. The size of the company, availability of suppliers, and financial goals influence the selection of procurement systems, including e-procurement. A sound policy benefits the organization by keeping costs in line and can be adapted to meet changing circumstances. A procurement policy […]
Monetary policy responses to financial crises vary depending on the country, ideology of policy makers, unique circumstances, and goals. Lowering interest rates can stimulate the economy, while raising them can cause contraction. The relationship between monetary policy and financial crisis is related to how monetary policies are applied during a period of financial crisis. Applying […]
A carefully defined termination policy can help end the employer/employee relationship smoothly. To create a severance policy, identify the purpose and goals, and write a consistent policy that covers legal issues and doesn’t discriminate. Seek legal advice and senior management approval before distributing the policy to employees. The employer/employee relationship can end smoothly with a […]
Taxes are a form of tax policy used by governments to manipulate the economy towards a desired result, such as increasing or decreasing aggregate demand, incentivizing workers, and influencing business decisions. Tax policy is used to control demand for goods and services, influence business behavior, and encourage investment in desirable sectors. The relationship between tax […]
Environmental management policies are laws or standards that protect the environment. Scientists provide information to authorities who create policies to regulate industries and individuals. Companies can create their own policies to promote environmentally friendly practices beyond legal restrictions. An environmental management policy is a set of laws, restrictions or standards designed to protect and conserve […]
PEST analysis examines political, economic, social, and technological factors that can impact a company’s operations. Political factors include regulations, taxes, labor laws, and political stability. Environmental and competition regulations, fiscal policies, labor laws, and political stability are all important factors to consider. PEST analysis stands for political, economic, social and technological analysis. Items that fall […]
Counter-cyclical fiscal policy is a government effort to manage the effect of fluctuations in the economy through taxes and policies. It can be used to prevent imbalances and maintain a certain outcome, but its effectiveness depends on timing, scope, and public reactions. Progressive taxation is a common type of ongoing countercyclical policy, but some believe […]
A non-discrimination policy ensures equal opportunities without prejudice in companies and institutions. It covers race, gender, ability, religion, political affiliation, national origin, and sexual orientation. Affirmative action encourages equal opportunities, and political correctness reduces discrimination risk. A non-discrimination policy is an action plan adhered to by many companies and institutions which are committed to guaranteeing […]
Company policies are detailed approaches to specific issues, often involving customers or employees. They can help ensure compliance with regulations and outline expectations for behavior and consequences for violations. Policies can benefit companies by promoting fairness and transparency, but can also have legal implications. A company policy refers to a company approach to a given […]
Laissez-Faire policy advocates for completely free trade without government intervention. Examples include the China-ASEAN free trade agreement and NAFTA, which have increased trade volumes and eliminated tariffs. Specialization based on competitive advantages promotes interdependence and trade. The different types of Laissez-Faire policy revolve around the concept of completely free trade, where business interests are allowed […]
Trade policy sets rules and regulations that affect international trade. It includes import/export taxes, tariffs, inspection regulations, and quotas. Trade agreements are often used to establish a stronger trading relationship. Understanding trade policy can be complex and is often scattered across numerous government documents and departments. Trade policy is a collection of rules and regulations […]
IFRS policies cover document retention, disclosure, and conflicts of interest. They help companies comply with national accounting standards and ensure proper documentation for audit and tax purposes. The policies may coincide with previous laws and set specific retention periods. Disclosure expectations and conflict handling are also outlined. Accounting standards generally have various policies and guidelines […]
Companies can choose to invest in workforce development through on-the-job training, apprenticeships, seminars, or reimbursing workers for off-the-job training. The return on investment is a key factor in deciding whether to invest in human capital. Employers may expect workers to continue working for the company after training. Onboarding new hires is also considered a wise […]
Policy exclusions are events and circumstances not covered by an insurance policy, including acts of war, illegal acts, and pre-existing health conditions. Exclusions help minimize risk for providers and are listed in the policy’s terms and conditions. Policy exclusions are events and circumstances that are omitted from the scope of coverage provided by an insurance […]
Monetary policy lags are the delay between the onset of an economic issue and government action to address it. The means of transmission, such as raising interest rates, can contribute to delays in implementation. Lags can last until consumers slow down consumption and investment responds to the policy. Just as the name suggests, monetary policy […]
An ethics policy outlines how people within an organization will interact with each other and clients, as well as addressing issues such as confidentiality and conflicts of interest. It varies depending on the organization and should be reviewed regularly to remain relevant. Also known as a code of ethics, an ethics policy is a document […]
