Critique Getting Off The Welfare Carousel Essay Example For Students

Critique: Getting Off The Welfare Carousel Essay Getting Off the Welfare Carousel written by Teresa McCrary, discusses thestruggle a single mother in todays world goes through trying to give their children thebest they deserve. The article speaks of the stereotypical remarks, toward the women onwelfare and the accusations of them so called milking the system. Teresa tells us how thenation-wide view of them is totally wrong. The majority of women Teresa knows onwelfare are hard working individuals and would do anything to hold down a descent job,but being a single mother is hard enough without having to worry about some lousyminimum wage job that they more than likely will only be able to find. Teresa herself isworking on her fourth year of college and is doing rather well in her complicated path forsuccess. The article points out that more people than recognized are legitimately tryingtheir best, and forcing them to get a low paying job will do nothing but hurt them andplace neglectfullness actions upon their children. All of these excuses are legitimate andin some certain cases are probably true, but the welfare situation in the United States isgetting out of control and something needs to be done about it. Certain families whorightfully deserve the benefits that this great country provides for them probably will gethurt in the outcome of the reforms, but everyone has to suffer a little in achieving what isbest for the whole nation. This article written by Ms. McCrary is a fine argument speaking for the singleparent families who are actually trying to make something for themselves. I personallyfeel sorrow for those people who truly need welfare to survive, but there are many peoplein this country who abuse the privileges and the systems given to them. This is going tocause some sort of reform to allow welfare to maintain its existence. I agree with herconclusion on needing an education to make it in this world today. I personally am froma family of average middle class and do not have the money to attend college. I was notraised on welfare, although I do understand the concept of money in the sense that it takesmoney in order to make money. I am from a family of six and my parents do not have themoney to send there children to college. I took the initiative upon myself to make theright decisions for my future, and now am unfortunately taking out student loans, butsomeday I will have a degree and a well paid job to pay back my loans and makesomething for myself and family. Education is the path for success in the future and as oftoday. This is only an answer for a certain percentage of the people on welfare and thereare reasons why people cant go to college, but if that percentage did get an educationthere would be a large amount of people off welfare. This would abolish the excuse thatthere are only minimum wage jobs available to people anymore. With an education youcan make enough money to support your family. Aside from the point of education for an answer to the excuses of welfare, aperson needs not to be content with getting by with the hand given money of welfare. What would people do if they had never been given welfare? Teresa McCrary arguesmany more people would be on the streets. I dont agree, I believe they would havephysically and mentally motivated themselves to do what it takes; rather than being lazywith an open hand receiving money from this countries hard working peoples pockets. .ube8e2e49e89f9b18ec4fa81dda73907b , .ube8e2e49e89f9b18ec4fa81dda73907b .postImageUrl , .ube8e2e49e89f9b18ec4fa81dda73907b .centered-text-area { min-height: 80px; position: relative; } .ube8e2e49e89f9b18ec4fa81dda73907b , .ube8e2e49e89f9b18ec4fa81dda73907b:hover , .ube8e2e49e89f9b18ec4fa81dda73907b:visited , .ube8e2e49e89f9b18ec4fa81dda73907b:active { border:0!important; } .ube8e2e49e89f9b18ec4fa81dda73907b .clearfix:after { content: ""; display: table; clear: both; } .ube8e2e49e89f9b18ec4fa81dda73907b { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ube8e2e49e89f9b18ec4fa81dda73907b:active , .ube8e2e49e89f9b18ec4fa81dda73907b:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ube8e2e49e89f9b18ec4fa81dda73907b .centered-text-area { width: 100%; position: relative ; } .ube8e2e49e89f9b18ec4fa81dda73907b .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ube8e2e49e89f9b18ec4fa81dda73907b .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ube8e2e49e89f9b18ec4fa81dda73907b .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ube8e2e49e89f9b18ec4fa81dda73907b:hover .ctaButton { background-color: #34495E!important; } .ube8e2e49e89f9b18ec4fa81dda73907b .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ube8e2e49e89f9b18ec4fa81dda73907b .ube8e2e49e89f9b18ec4fa81dda73907b-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ube8e2e49e89f9b18ec4fa81dda73907b:after { content: ""; display: block; clear: both; } READ: ï » ¿Developing Professional Practice EssayOnce again I do believe welfare is a great modification of this country and I dothink it is strongly needed. On the other hand I think alot of people receiving it are doingnothing but abusing the system and taking needed money from other people by theirignorance and stupidity. This is causing the reduction of funds for the legitimately needypeople of our country, such as Teresa McCrary and others who honestly make an attemptto support their families. Reforms are needed in order to keep the money available tothese people, and the best advice that I can suggest is to get an education and make thebest for yourself and your family.

Budgeting and Its Impact on Financial Reporting †Free Samples

Question: Discuss about the Budgeting and Its Impact on Financial Reporting. Answer: Introduction The purpose of this paper is to find out how manipulating budgets can assist in earnings management. The report will include a discussion on the budgeting process, the person/s involved, why is it done and how it is done to identify the internal factors and/or motives behind the manipulation of budgets and how it assists in earnings management. The importance of knowing how budgets are manipulated will help deter fraud and other unethical behaviors, aid in creating better and effective budgeting alternative, therefore minimizing if not preventing earnings management. This paper utilizes secondary research to answer the question of how manipulating budgets can assist in earnings management by analyzing previous research and studies and by comparing differing viewpoints. The main sources of information for this research are Academic Journals, Trade magazines, and research studies and articles from credible sources both from NAIT library database and the Internet. This report could help managers and/or business owners identify the reasons or motives on why manipulation of budgets happens and how it assists in earnings management. By knowing this, managers and/or business owners can then find alternatives and ways to improve the budgeting process and create a plan to deter this unethical business practice from occurring again. Since earnings management is a broad topic on its own, discussions in this paper is limited to earnings managements in relation to budget manipulation and emphases on internal factors that cause it. Purpose of a budget. Budget is an essential tool to translate general plans into specific, action-oriented goals and objectives (Walther, n.d.). It provides guidance to insiders in an organization such as managers and/or business owners to help achieve organizational goal. The purpose of budgeting is to give those goals and plans financial values, making the progress easily measurable and to transform the strategic ideas into understandable operative actions (Hanninen, 2013). Budgets are useful for allocating the resources of an organization to different areas and departments within it and for controlling and monitoring how such resources are spent. Insiders often have access to a wide range of financial and non-financial information in addition to the budgets when carrying out their internal operations. Therefore, organizations uses budgets to forecast income and expenditure, as means for making important decisions and monitor business performances. Business owners and managers need to be able to predic t if the business is profitable or not, therefore budget forecast is very important because it models how the business should perform financially and how plans should be carried out to achieve profitability targets. Also, budgeting provides financial framework for the decision-making process to make sure that a certain course of action is something planned or not. Lastly, budgeting enables actual business performance to be measured against the forecast business performance. (Isaac, n.d.). Budgeting Process. A good budgeting process engages those who are responsible for adhering to the budget and implementing the organizations objectives (Foley, n.d.). Budgets are typically used to hold managers accountable for their areas of responsibility in the organization; actual results are compared against budgeted goals and timetables, and variances are highlighted. Managers dont mind taking credit forfavorablevariances, when actual comes in better than budget. However, beating the budget for the period doesnt always indicate outstanding performance. A favorable variance could be the result of manipulating the budget so that the budgeted benchmarks can be easily achieved. Budgeting decisions are driven both by mission priorities and fiscal accountability and although budget is made to serve as guide for managers to make financial decisions for the company, it can be altered and use for personal advantage instead. Ethical Issues of budgeting Since budget is simply a tool that can help management plan and control resources, any tool can be misused. The budget processes too often serve as opportunities for self-aggrandizement and enrichment by undeserving and unscrupulous manager. Many will manipulate numbers in their budget reports to inflate results and artificially achieve short-term targets and others will spend money wastefully so as not to see a reduction in next year's budget allocation (Merchant, 2013). Issues arise due to conflicting interest of various people in an organization whether they are directly involved in the budgeting process or not. Most common conflict is between managers and shareholders, and managers and lower level employees. According to Walker K. B. and Fleischman G. M., organizations that linkaccounting measures to pay, frequently deal with a variety of undesirable, and often unethical behaviors. Presently, the business press is replete with stories about how employees engaged in ethically questionable and illegal behaviors to make themselves look better on performance evaluations and obtain bonuses. Generally, these behaviors occur in two related contexts: (1) biasing information or otherwise coordinating activities to game" the realization of budgets or (2) timing reported or actual economic events to shift income between periods, also known as earnings management. Behavioral Implication of Budgeting and Earnings Management. Earnings manipulation or commonly known as Earnings Management is anaccounting technique used by management in many companies to influence earnings to achieve the desired end. This is done to produce financial reports that may portray an overly positive picture of a companys business activities and financial position. Earnings being the most important information in financial reporting is used by different parties in their decisions to determine the firms economic value and the allocation of its resources which is done through budgeting (Nurul Fitri Mohd Noor et al., 2015). Organizations then compare the financial results of their actual operations against their budgets to find out the reasons and sources for the difference. These differences could arise because either the actual operations strayed away from the budget, or the budgets were unrealistic to start with and thus had no chance of being met from the very beginning. Many financial reporting frauds have their origin in overly optimistic budgets and forecasts that subsequently lead to an environment of cooking the books to reach unrealistic goals (Gartenstein, n.d.). This means that a deliberate distortion or falsification of the financial statements is present which gives a misleading picture of a firms financial performance or position. These issues are all components of Earnings Management and as mentioned earlier, these behaviors occur in two related contexts; gaming the budget and income smoothing. Gaming the budget. Budget gaming is a technique of manipulating budget through biasing information or otherwise coordinating activities to game" the realization of budgets. Budget-based performance contracts is considered as one of the most common causes of unethical behavior in organizations. Although the goal of budget-based performance is to motivate people to perform well, this approach has tempted them to engaged in behaviors that include lying, cheating, and shirking. These systems fail to create enduring commitment; instead, they increase dependency rather than empowerment among employees, which leads to management cultures based on fears, all of which may lead to unethical and fraudulent behaviors by both employees and managers. Whether budgetary gaming is an accepted practice or not, organizations behavioral norms are sometimes an explicit factor in determining the ethicality of budgetary manipulation. These behaviors arise in response to management pressure: Generally, higher levels of manage ment are accepting this practice and are concerned more with controlling slack instead of eliminating it. Although there have been good and bad outcomes, the Securities Exchange Commission (SEC) and the court find these activities unethical. They agree that lying about the occurrence of business transactions, falsifyingaccounting records, and defrauding customers are illegal actions. (Walker K. B. Fleischman G. M, 2013) Income Smoothing. Meanwhile, income smoothing is a technique used in manipulating earnings through timing reported or actual economic events to shift income between periods, also known as earnings management. This is just one of the few patterns or technique in earnings management. In this technique, firms use earnings targets which is frequently rooted in the budget to determine compensation pay. As a result, managers have the incentives to manipulate earnings, the budget, or both to maximize their monetary benefits such as salary, commissions, or bonuses, while at the same time, avoiding actions that might cause subsequent years performance standards difficult to achieve. An example given by Walker K. B. Fleischman G. M is that, managers may choose various inventory and bad debtaccounting methods, or they may manipulate revenues and expenses as the circumstance dictate. Analysis and Recommendation Evaluating and overhauling the budget process Setting realistic goals not over-optimistic budgets. Rewarding employees for accomplishments and not just for achieving targets. Who are involved in budgeting and financial reporting? This is process which to identify the future expenses and income which company will receive. This budgeting will idea or estimation about the future expenses and income which company will have in future. There are following persons involved while preparing budgeting and financial reporting such as management department, financial manager, accounting department and business planner of organization. Budgeting of the organization is prepared by using capital budgeting tools and financial reporting frameworks. However, all stakeholders are involved in preparing budgeting and financial reporting of organization. Therefore, all the key stakeholders who are working at the management team are the person involved in budgeting and financial reporting. Why is it done? Budgeting and financial reporting is prepared to deter fraud and other unethical behaviors. In addition to this, it will also aid in creating better and effective budgeting alternative for making effective financial planning of organization. In simple words, budgeting is prepared to provide guidance to insiders in an organization such as managers and/or business owners to achieve certain financial goals and objective in determined approach. The purpose of budgeting is to give those goals and plans financial values, making the progress easily measurable and to transform the strategic ideas into understandable operative actions. How is it done? This budgeting is prepared by using budgeting tools and using capital budgeting methods such as Net present value method, preparing cash flow by using direct and indirect method and drafting various budgets such as operational and financial budget. This will help company to evaluate the future expenses and income of company to prepare financial planning. This prepared budget will help owners to make effective strategic decision for the betterment of organization and creating effective business functioning. How to prevent it? This report has reflected various limitation and problems which company will face due to its non-efficient budget. However, in order to curb these problems, organization should follow proper trend analysis while preparing budget. This trend analysis will identify all the ups and down of the organization which will identify all the associated factors and problems in budget. This budgeting issues and problems are very common. However, proactive budgeting plans and using project escalation amount is used to help organization from the unforeseen factors and challenges arise due to sluggish market conditions. Conclusion In evaluating the budget process, it is important to remember that a budget is simply a written estimate or a plan of how an entity will perform financially. Thus, a budget should not be prepared on the imaginary data but should be made of primary and secondary data. Now in the end, it would be inferred that budgeting is the most important tool to estimate the future expense and amount of income which company will receive in future. This could be concluded that if company could use proper budgeting tools then it will surely result to effective preparation of budget. References Foley, E. H. (2010). The Budgeting Process. Retrieved October 10, 2017, from https://www.nonprofitaccountingbasics.org/reporting-operations/budgeting-process Gartenstein D. (n.d.). Budgeting Ethics. Retrieved October 11, 2017, from https://smallbusiness.chron.com/budgeting-ethics-47002.html Hanninen, V., (2013). Budgeting at a crossroads the viability of traditional budgeting a case study. Masters thesis, Aalto University School of Business. Isaac, L. (n.d.). Purpose of a Budget. Retrieved November 1, 2017, from https://www.leoisaac.com/budget/bud031.htm Merchant, K. A. (2013, July 21). Companies get Budgets All Wrong. Retrieved October 9, 2017, from https://www.wsj.com/articles/SB10001424127887323873904578571810482331202 Noor, M. N., Sansui, Z. Mm, Heang, L. T., Iskandar, T. M., Isa, M. Y. (2015). Fraud Motives and Opportunities Factors on Earnings Manipulations, Procedia Economics and Finance, 28 126 135. Retrieved November 15, 2017 from https://www.sciencedirect.com/science/article/pii/S2212567115010916 Walker, K. B. Fleischman G. M., (2013). Toeing the Line: The Ethics of Manipulating Earning and Budgets. Management and Accounting Quarterly Spring, 14(3): 18-24. Walther, L. (n.d.). Importance of Budgets. Retrieved October 10, 2017, from https://www.principlesofaccounting.com/chapter-21/budgets/

Impacts of Globalization in the World

Free Essays on Amy Fisher Outline

I.Introduction of offender/ topic A.Amy Elizabeth Fisher B.Amy Fischer was born on August 21, 1974 C.Nassau Community Hospital, Long Island, NY D.Amy’s parents are Roseanne Vise and E. Elliot Fisher F.Suffered early childhood trauma after a family member sexually abused her. She was also raped by a TV repair man in her home at age 13 (Celebrity Bios). G.Grew up in an affluent neighborhood on Mandalay Beach Rd. South Shore Long Island. At age 13 her family relocated to Merrick Long Island which was an upper class neighborhood. Childhood was drastically effected by her being raped. This led her down the path towards promiscuity. H.Amy Fisher attended John F. Kennedy High School in Bellmore Long Island. She had trouble with school, receiving bad grades. She failed to complete her sophomore year due to her plot to kill Mary Jo Buttafuoco. Fisher later went on and completed her G.E.D. while attending Albion Correctional Facility. I.Amy Fisher was very promiscuous during her young adulthood, began sexual activity at an early age. At age 15 Fisher became pregnant and later aborted the child. J.Fisher had loving parents who spent much of their time at the store that they owned, rather then on Amy. Amy spent some time helping her parents at their store, The Stitch-n-Sew. K.Beside for working at her parents store Amy received an escort job with ABBA which was a Baldwin based prostitution service owned by Lorraine Wurzbug, a friend of Joey Buttafuoco. Amy charged $150 per 45 minutes for her services. Amy was an escort for just 6 months. She used the money she made to pay for her car to be repaired. L.Joey Buttafuoco was Amy’s lover. Peter Guagenti was also a accomplice because he gave Amy a ride to Mary Jo Buttafuoco’s house. Peter Guagenti also supplied Amy with .25 caliber Titan handgun. II.Introduction of the offenses A.Attempted murder B.Amy Fischer was 17 years old when she committed attempted mur... Free Essays on Amy Fisher Outline Free Essays on Amy Fisher Outline I. Introduction of offender/ topic A. Amy Elizabeth Fisher B. Amy Fischer was born on August 21, 1974 C. Nassau Community Hospital, Long Island, NY D. Amy’s parents are Roseanne Vise and E. Elliot Fisher F. Suffered early childhood trauma after a family member sexually abused her. She was also raped by a TV repair man in her home at age 13 (Celebrity Bios). G. Grew up in an affluent neighborhood on Mandalay Beach Rd. South Shore Long Island. At age 13 her family relocated to Merrick Long Island which was an upper class neighborhood. Childhood was drastically effected by her being raped. This led her down the path towards promiscuity. H. Amy Fisher attended John F. Kennedy High School in Bellmore Long Island. She had trouble with school, receiving bad grades. She failed to complete her sophomore year due to her plot to kill Mary Jo Buttafuoco. Fisher later went on and completed her G.E.D. while attending Albion Correctional Facility. I. Amy Fisher was very promiscuous during her young adulthood, began sexual activity at an early age. At age 15 Fisher became pregnant and later aborted the child. J. Fisher had loving parents who spent much of their time at the store that they owned, rather then on Amy. Amy spent some time helping her parents at their store, The Stitch-n-Sew. K. Beside for working at her parents store Amy received an escort job with ABBA which was a Baldwin based prostitution service owned by Lorraine Wurzbug, a friend of Joey Buttafuoco. Amy charged $150 per 45 minutes for her services. Amy was an escort for just 6 months. She used the money she made to pay for her car to be repaired. L. Joey Buttafuoco was Amy’s lover. Peter Guagenti was also a accomplice because he gave Amy a ride to Mary Jo Buttafuoco’s house. Peter Guagenti also supplied Amy with .25 caliber Titan handgun. II. Introduction of the offenses A. Attempted murder B. Amy Fischer was 17 years old when she committed attempted mur...

The Economies Essay Example | Topics and Well Written Essays - 1250 words

The Economies - Essay Example Through the 20th century, Sweden progressed into a contemporary welfare condition. This was made feasible by a positive economic and political progress within the Nordic countries. Ever since the late 19th century, the Nordic lands urbanized from agrarian societies towards a completely industrialized societies. Matching with economic improvement, self-governing institutions and parliamentarism were initiated. Due to the idleness in WWI, Sweden grasped the advantage of the boost in foreign demands which was caused by the warfare. As a result of its documentation-high tax degrees and a remarkably huge public sect, Sweden has been broadly considered as the embodiment of the postwar wellbeing state. During the launch of the 1980's they loaned additional money, and then they imported excessively than they exported. Advanced education is being offered at no cost. This was sustained by the Conservative/Liberal Government which came in command during 1976. Every one of public childcare is co-educational. The jobless were presented with significant positions by the State. On the whole, the Swedish welfare situation remains exceptionally openhanded. Sweden had been more righteous rather than other countries similar to Germany and US as a result of an export boosting depreciation on the Krona during 1931. Sweden has coordinated its economic procedures with those of the EU, which it coupled at the beginning of 1995. Few Swedish economists have declared that Sweden's welfare condition has had grave unfavorable outcome on the country's economic development. This then had become the reason for profoundly increased taxes. We have learned that in Sweden the government has increased the fraction of salaries provided for income tax to sustain the universality of social services, where in due course, this did not really do well towards the citizens, but merely impedes them, and demonstrates them that they do not ever actually have to confront the responsibilities that go together with adulthood. For just about sixty years the Swedish economy has been gazed at and respected for its lofty level of comfort. Four out of ten employees were engaged by the administration, personnel who were being absent for work were excessive, low down productivity was then being encountered inside the export businesses, vacations along with other allowance settlement were very expensive, economic drop was sinking the base tax where the social agenda are required to pay for also the government shortage was escalating. As a result, citizens, who prefer to sit at home all day, even if they are completely capable of having a fine job, takes in similar benefits as those who are working outside their house. They had a scheme identified as cradle-to-grave welfare scheme, and it guarantees employment to almost every citizen. Ultimately, when the administration tried to lessen, the government expenditure Swedes was not capable to cope with their new offered sovereignty, and naturally, towering unemployment turned out to be one of numerous problems that this country has. Brazil happens to be the biggest country in population as well as in its size of South America. This country is a federative republic along with a government very

Solar PV on a Lifeboat Essay Example | Topics and Well Written Essays - 1500 words

Solar PV on a Lifeboat - Essay Example On the other hand, there are alternate ways to power the life boat in case emergency. Solar energy and wind energy are always available during any condition and these two renewable resources can be used to power a life boat. Solar and wind energy are not only environment friendly but also cost little. Moreover, solar and wind energy are not going to end as it is most concerned factors with diesel. Solar and wind energy are efficient source of energy as there is no operational cost. Solar energy is good for the life boats as solar panels are light weight and available is different sizes and shapes. Flexible solar panels are best suited for the inflatable life boats. It is most efficient technology for the life bots and can be used in combination with other technologies. In combination with the diesel power engines, the system will immediately switch to solar panel supply unit. The designed solar panels will have higher efficiency, waterproof layer and can resist a higher pressure during launch of life boat. An alternate energy sources is solar thermal energy. With the help of this technology water the temperature of water can be increased. In general, evacuated tubes and flat plate solar heat collection panels are mounted on the rooftops or on open regions to collect the solar thermal energy. For the power generation sector, molten salt or some other such material are utilized to attain maximum energy output from evacuated tubes. Molten salt stores the excessive thermal energy during day and gives it for the power generation during night. In some colder regions, two systems are utilized; antifreeze rust proof liquid is pumped through the flat plate collects or tubular collector to make the system running at low temperatures. Solar geysers are also installed with the evacuated tube collector to collect the hot water during night. Solar thermal is an efficient process to increase the temperature of water. The system

Cultural Makeup Of China Essay Example | Topics and Well Written Essays - 1000 words

Cultural Makeup Of China - Essay Example It is essential to outline that there is a significant set of cultural features affecting the business behavior in China. China has a record population of more than 1.3 billion citizens (Fabbi 8). Due to hardworking nature of the Chinese society, a large portion of their population is involved the daily business operations. Based on this, Chinese have been putting most their cultural business practices into use. In addition, fifty-six (56) ethnic groups are officially recognized in the country. These ethnic groups include the Han and Zhuang. The Chinese culture and civilization has been influenced by three main religious movements, which are Taoism, Buddhism and Confucianism. In this sense, China’s prominent religions thus include Islam, Christianity and Buddhism (Alon 24). The country’s demographic values reveal that about 10% of China’s population lives on $1 a day (Fabbi 30). This small value has resulted into most Chinese doing their best to excel in business. 91.51% of the Chinese people belong to the Han ethnic group (Fabbi 12). Of the remaining 55 ethnic groups, only one has a population of over of 1%. This is the Zhuang ethnic group. In essence, the Han ethnic group creates the largest business oriented population in the country. In terms of religion, 2% of the country’s population is made up of Muslim while the Christian population stands between 3.2% and 5%. Additionally, Buddhism is practiced by 10% to 18% of the Chinese population. Lastly, 30% of the Chinese practice local folk religions. Since China is an atheist, it officially does not survey its people based on religion. On this regard, the Chinese culture does not consider religion to be of any effect on their respective business behaviors (Fabbi 128). The other sets of crucial Chinese cultural characteristics in business are about prosperous entertainment. A key part of China’s business culture is that evening banquets are