Higher pay is the only way to reduce corruption. Discuss Essay

Higher pay is the only way to reduce corruption. Discuss - Essay Example On the other hand, Philip (2006, p. 45) describes corruption as having to involve high public office, substantial and systematic expropriation of benefits, and significant damage to the public interest. Corruption as having to involve high public office is considered as the most important of these three conditions and the other two are complementary to it. Lee (2006, p. 221) states that corruption is a destructive crime which not only undermines quality of life but also causes injustice and inflates business costs. The seriousness of this crime leads nations to improve governance by redefining the role of government, overhauling the system of incentives, and strengthening domestic institutions in order to ensure checks and balances (Rahman, et al., 2000, p. 17). Corruption is often called â€Å"black/grey market or â€Å"underground economy† whose rules are almost similar to those of legal markets (Stachowicz-Stanusch, 2010). It is considered a risky activity because of the presence of â€Å"policing† in society (Chakrabarti and Subramanian, 2003).The economics of corruption operates in such a way as serving as a means to satisfy certain planned and desired human ends. According to Klitgaard, et al. (2000), corruption is a crime of economic calculation in that the tendency for a public official to engage in it is when there is a slim probability of being caught alongside a mild penalty with large pay-off relative to the positive incentives. Since corruption is committed within the political machinery of the state, it is not only considered an economic issue but a political issue as well (Stachowicz-Stanusch, 2010, p. 122). The economic and political aspects of corruption are certainly the basis for advocating some solutions t o this problem on an economic point of view (i.e., increasing pay and rewards) and political point of view (i.e. providing political and legal basis for

Acounting mangerial project Assignment Example | Topics and Well Written Essays - 500 words

Acounting mangerial project - Assignment Example The issue of total quality management usually focuses on the quality of products or services that are been offered by Barber foods. The company deals with ser ices and products. The services that are involved in the delivery of food and the selling of food need to be perfect so as to be appealing to the customers. The customers require satisfactory products and services so as to become loyal to the company products. As a result of that, barber foods has invested a lot on the delivery of food products and the means through which the products are delivered. That is in an attempt to ensure that there is customer satisfaction (Caplan, 14). The advantage of the company applying the technique is the fact that the provision of quality usually helps in the cutting of costs. According to analyst, the best way in which a company can become cost effective is only by the company eliminating any sorts of defects that may occur at any point of manufacturing and that will help cut on costs that are not necessary. The main aim of using total quality management is t ensure that there are controls that are preventive that help in the prevention of defects that occur. The just in time technique is a technique whereby the products of a company are made available when needed. That is a useful strategy for barber foods because it deals with food which is a perishable product. That means that the availability of a stock that is large could lead to a loss to the company. Just in time strategy usually deals with the company availing its products when required by the customer. That means that there will be no instances of company costs resulting from perishable goods or any instances of stock outs because the products will be made available when required. The use of JIT has helped Barber foods to cut costs on work in progress, finished goods, and raw materials. It has led to the reduction of holding costs that is associated with stock and reduction