To B or not to B B-schooled...??
Yesterday night i get this forward....
ECONOMICS TEACHER-"give me an example of a complete business failure due to negligence.."
Santa-A PREGNANT PROSTITUTE...

U c....as most final year engineering students are BIG B-school aspirants..... me also being officially in the final year...thought of aspiring to get into a B-school.So, i thought about the joke in a very B-SCHOOL ASPIRANTISH way.(its a different story altogether that i did not take up the CAT...and ironically my mother teaches MBA aspirants....ad bere vishya bidi..)
Now say, the teacher asks santa for an explanation.....In the typical B-school way(not the blazer wearing, laptop carrying, come YA go YA way).As i cant put up a power point presentation on a blog u c, so...

*What is the CORE COMPETENCY of this Business...??
Utility-Utility theory explains consumer tastes and preferences. Consumers purchase those things that give them satisfaction or utility. As a consumer consumes more of any one product, other goods and services look more desirable. As one consumes more of a product, smaller and smaller increments of pleasure or satisfaction come from it. The law of diminishing marginal utility underlies the law of demand.

*How do u define this BUSINESS..??
This business is a Joint float-An arrangement by which a group of currencies(people) maintain a fixed relationship relative to each other, but move jointly relative to another currency(people) in response to supply and demand conditions in the market.

*What are the Worst Case Scenarios present..??
dirty float-A type of floating exchange rate that is not completely freely floating because central banks(read pimps and madams) intervene from time to time to alter the rate from its free-market level. It is still a floating rate because it has not been pegged at a predetermined par value.

*What is the Driving force in this business..??
To monetize-To convert assets into money

*What is the greatest threat and what may be its outcome..???
Multilateralism-An international policy intended to free international trade from the restrictions of bilateralism. Multilateralism represents an effort to permit nations(people) to specialize in production and exchange in accordance with the principle of comparative advantage.
*Multulateralism leads to-
*moral hazard-The risk that a party to a transaction has not entered into a contract in good faith, has provided misleading information about its(her) assets, liabilities, or capacity, or has an incentive to take unusual risks in a desperate attempt to earn a profit before the contract settles.

What are the outcomes of the business failure...??
A pregnant prostitute goes thru INFLATION-both physically and physiologicaly.So, as in all businesses, she has her CYCLE of inflation and deflation
frictional unemployment-Short-term joblessness associated with mobility.(Literally...!!)

*What can be done to find out the DEFAULTER...??
Check credit history (A record of how a person has borrowed and repaid debt.)

*What happens to the business..??
Recession-A significant decline in general economic activity extending over a period of time.

*How do u overcome these failures and what are the options during the failure period..??
Learn from mistakes.Always sing relevant songs(yeh kya huan....kab hua..kyun hua..?? remember the ad..?)
Options during failure period- BLOW away your problems and TURN AROUND your failures into success...!!

P.S. dear "readers", please tell will i be a good b-schooler...??
P.S.2 to whom so ever it may concern...thumbaaaa thanks for the message...i know u will read this post someday and go pink and will never ever send me anymore forwards...!!
P.S.3 For the curious, all the above mentioned terms are got from here. Please do not think that i knew all these terms before...!!