Business
Most Common Unethical Business Practices


Running a business is one of the most challenging activities one can undertake. The pressure that the job exerts, combined with the tremendous consequences that failure can bring, is one of the reasons why businesses look for shortcuts. Unfortunately, this leads the management to engage in unethical practices to avoid sinking the company. Let us look at some of the most common unethical business practices conducted by businesses today.
Including Hidden Terms in User Agreements
This is a practice that is very rife in the tech world. Whenever you choose to download any app, you will be required to click on the agree button in the terms and agreement section so you can be allowed to download the applications. Software companies go as far as declining to permit you to download the app if you do not agree to these terms and conditions.
While this is not malpractice or unethical behavior, these companies make a point to make these terms and conditions section so long that they discourage the end-user from going through all the pages therein. It is at this juncture that they get the opportunity to include undesirable requirements.
For instance, a software company can slip in a condition that gives them the right to access your data and use it for their benefit. While some might argue that the blame falls on the user for not going through the whole terms and conditions document, the fact that the companies make these documents as long as possible to dissuade the user from doing so is what construes as unethical behavior. According to KashPilot.com, lending ethics entails treating everyone fairly, being truthful in all situations, providing full disclosure without being asked, not taking advantage of people, and keeping good paperwork.
Even though tech companies might be engaging in some sneaky, unethical, but legal behavior to maximize their profits, these companies have created products that have revolutionized life as we know. A good example is the invention of the internet.
Apart from making instant communication affordable and universal, the internet has disrupted the education system as we know it. It has made it elementary for students to source reading material and access revolutionary tools that help them study better. On the other hand, the World Wide Web has become a refuge for struggling students. It enables them to quickly hire an expert essay writer to assist them when essay writing becomes a challenge.
Top online essay drafting companies such as Grademiners have revolutionized the game by offering much more than assignment writing help to students. The company’s website avails students worldwide of a whole host of top-notch informative blogs that provide intuitive data that helps supplement their study material.



Misleading Product Information
Marketing is the primary way through which companies get to inform the target about their product and the kind of benefits it provides. Since it is the tool that drives up sales, unscrupulous businesses go a step further and run false advertisements that exaggerate the type of benefits their product avails the consumer. This is not only illegal; it is also unethical.
Where misleading advertisements are run through TV and print media, the government can hold the said company accountable for the deceptive behavior. However, in this era of digital advertising, this can be very difficult as anyone can run a misleading advertisement online in an attempt to make a particular company look bad with minimal oversight.
Competitor Defamation
Competitor defamation is the provision of information that makes a company look bad in the consumer’s eyes. It is essential to point out that simply using a competitor’s name in an advertisement does not amount to competitor defamation. However, if the content of the ad paints an ugly picture of the competitor, then it amounts to defamation which is unethical business behavior.
A good example is when a Coca-Cola advertisement claimed that Coca-Cola’s Powerade was better than Gatorade (a product by PepsiCo), claiming that it had more electrolytes. PepsiCo sued Coca-cola on defamation grounds claiming that there no scientific research supported the extra electrolytes claim.
Accounting Malpractice
This mostly happens in public-owned companies. The purpose that any publicly owned company exists is to make profits for the investors. However, sometimes you will find the management stealing from the company and cooking the books of account to make themselves rich. These executives forget that they work for the shareholders and instead think about enriching themselves, which constitutes unethical behavior.
Bribery
This is where money (or something else of value) is given out for a business to get favors regarding a business decision. For instance, instead of the most qualified organization getting a particular tender, it is given to another company that had bribed the tenderer. This unethical and illegal behavior leads to disasters as the task in question is not performed by the most qualified person.
It is essential to point out that even though all illegal business practices are considered ethical, not all unethical business behaviors are unlawful. However, all play the same destructive role, which is misleading and scamming consumers and or shareholders.


Finance
Understanding the Theta Token and Its Value Proposition


The Theta Token is a cryptocurrency that has been gaining significant attention in recent years. As the world becomes more digital, the need for a decentralized system that can handle large amounts of data and video content is becoming increasingly important.
Theta Token is aiming to provide a solution to this problem. You can also carry out trading via exchange platforms. An excellent example of a reliable platform is chain-reaction-trading.com.
What is Theta Token?
Theta Token is a cryptocurrency that operates on the Theta blockchain. The Theta blockchain is designed to handle video content, making it an ideal platform for streaming and sharing video content. Theta Token was created as a way to incentivize users to share their excess bandwidth and computing resources with others on the network.
Theta Token is different from other cryptocurrencies in that it is specifically designed for the streaming and sharing of video content. This makes it an ideal platform for content creators, as it allows them to share their content without having to worry about the high costs associated with traditional video hosting services.
What is the Value Proposition of Theta Token?
The value proposition of Theta Token lies in its ability to provide a decentralized solution to the problems associated with video content sharing. By incentivizing users to share their excess bandwidth and computing resources, Theta Token is able to provide a more cost-effective solution to traditional video hosting services.
Theta Token also has a number of other features that make it an attractive platform for content creators. For example, Theta Token allows for micropayments to be made to content creators, meaning that they can be rewarded for their content in real-time. This is particularly important for content creators who rely on their content for income.
Another key feature of Theta Token is its ability to provide a better user experience for viewers. By utilizing a decentralized network, Theta Token is able to provide faster and more reliable streaming for viewers, without the need for buffering or other interruptions.
How Does Theta Token Work?
Theta Token works by utilizing a decentralized network of nodes. These nodes are operated by users who have excess bandwidth and computing resources that they are willing to share with others on the network.
When a user wants to access video content on the Theta network, they send a request to the nearest node. The node then retrieves the video content from other nodes on the network and streams it to the user. The user is then rewarded with Theta Tokens for sharing their excess bandwidth and computing resources with the network.
In addition to the streaming of video content, Theta Token can also be used for other purposes, such as the creation of smart contracts and the storage of data.
Conclusion
Theta Token is a cryptocurrency that has been specifically designed for the streaming and sharing of video content. Its value proposition lies in its ability to provide a decentralized solution to the problems associated with traditional video hosting services. By incentivizing users to share their excess bandwidth and computing resources, Theta Token is able to provide a more cost-effective solution for content creators and a better user experience for viewers.
As the world becomes increasingly digital, the demand for decentralized solutions to problems such as video content sharing is only going to increase. Theta Token is well-positioned to meet this demand, and its value proposition is likely to continue to grow in the years to come.
Finance
Simple Ways to Save for Your Future


People are often so focused on their current situation that they do not pay enough attention to saving for the future. It is important to keep one eye on the future and find ways to save money over time, but what are the best ways to do this? There are a few simple ways to save for your future that could make a big difference to your life down the line.
Creating Savings
One of the best ways to build wealth for the future is with a fixed-rate bond. Essentially, this is a savings account that will hold your money for a pre-determined period of time. You will get a fixed interest rate and this is generally higher than what you would get in an easy-access savings account. Provided that you are happy to put your money away for 1 year+, this can be a highly effective way to make money from your savings.
Investing
Investing can be a smart way to build your wealth over the long term. Of course, there is always risk with any kind of investment, but there are some investments that are considered safer than others. It is important to educate yourself before making any kind of investment and to only invest money that you do not need access to in the short term. An index fund is a good option for beginners and most experts agree that these are smart for long-term investors.
Take Control of Your Spending
You certainly want to find ways to make more money, but you also need to address your spending. You should go through all of your regular expenses and find ways to make savings whether this is shopping at a cheaper supermarket, cutting back on a luxury item or switching providers. This will then give you more money to save and make more money from.
Differentiate Between “Want” and “Need”
We want many things in our lives. But all those are not necessary. Therefore, you should differentiate between want and need. You should follow a strict restriction on your spending, especially when something does not match with your financial goals.
Make a Plan with Your Partner
If you live with someone or are married to someone, then you have to communicate with your partner and together you should prepare a plan for household finances. Both you need to discuss your desires and decide on where to prioritize.
Don’t Ignore Your Pension
It is also important to consider your pension and the earlier that you do this the better. The money that you put into the pension now will compound and grow over a long time period, so you want to contribute as much as you can without making a difficult financial situation for yourself.
Review Your Spending
We actually don’t realize how much we spend every month and where we spend our money unless we review our spending. Therefore, reviewing your spending is a great idea to clear understand where you can cut your expenses and how you can improve your saving.
Consider Your Children
You can also teach your children to save money for future. Your children will learn from you that they need to wait to purchase something that they want. You should also help children to recognize particular ways to save money and make wise choices.
These are some of the best and simplest ways to save for the future. It is always important to plan financially for the future and the earlier that you start doing this the better so that your money can grow and compound over time. However, you should also enjoy life besides preparing a plan to save money for future.
Finance
Don’t Invest Your Emergency Fund… Unless


Getting the most out of your emergency fund is hard these days. The average savings rate isn’t keeping pace with inflation, which means your money is losing value the longer it sits in a basic account. All that lost earning potential can make you break one of the most important rules of emergency funds: don’t invest.
As a general rule, you should never invest your emergency fund. Investments can tie up money that’s supposed to be available at the drop of a hat. These delays can complicate an already difficult financial situation if you can’t access your cash for urgent repairs or expenses.
But as the saying goes, all rules are meant to be broken. There might be times when investing some of your emergency fund can strengthen your financial health. How much you have sitting in your savings is an important distinction that can help you decide whether investments are right for you.
How Much Should You Save in Your Emergency Fund?
Financial advisors recommend saving three to six months of living expenses in your emergency fund.
If you aren’t quite there yet, your emergency fund may fall short of what you need. In an emergency, online loans can help pick up the slack.
Online loans provide quick and convenient applications, so you don’t waste any time wondering if you qualify. If approved, a financial institution like MoneyKey can deposit your funds directly into the account of your choice. This way, your online loan is just as accessible as savings would be, making them a fast-acting solution in an emergency.
Why You Shouldn’t Invest Your Emergency Fund
If you rely on online loans, or you’re still working towards saving up three to six months of expenses, investing your emergency fund is a bad idea. It could delay how quickly you get your hands on your cash, and your fund could even lose value.
1. Timing
Your savings should be easy to access at any time. After all, an emergency can crash-land in your life without any warning — morning, noon, or night.
Most basic savings accounts allow you to transfer your savings whenever you want online, with very short processing times.
Investments are different. Depending on how you invested your money, you might have locked your money into a specific term. Withdrawing before its maturity date is possible, but it can take time to cut through the bureaucratic red tape.
2. Penalties
Paperwork isn’t the only headache of withdrawing from your investments early. You may also face steepcash penalties. You’ll also have to factor in how this withdrawal affects taxes.
3. Lost Value
You can’t predict when you’ll deal with an emergency or the eventual expense that comes with it. That means you can’t strategically time your withdrawal to maximize their value. Your funds may not even retain their original value if you’re forced to withdraw when your stocks take a nosedive.
When Can You Invest Your Emergency Savings?
Let’s say you’ve finally reached your goal of six months. Congratulations! Only roughly27% of American households can boast this achievement.
At this point, do you put a stop to your emergency savings? No, but how you save them should change.
Top up this account any time you use it, but don’t over contribute beyond three or six months. Rather than exceeding your goal in a basic account, you should funnel the excess into investments.
This way, you have the best of both worlds. One, you’ll keep the liquidity of a fully stocked emergency fund with a basic account. And two, you’ll start to maximize your earnings potential through tax-advantaged investments that promise a higher return rate.
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