Sunday, December 29, 2019

Business Entities, Laws, and Regulations Paper - 1738 Words

Running Head: Business Entities, Laws, and Regulations Paper Business Entities, Laws, and Regulations Paper Abstract The following paper includes the consideration of control, taxation, and liability issues for two hypothetical businesses as well as legal, regulatory, and risk issues each of the two businesses may face. Also included in this paper is a hypothetical hiring manager scenario in which the hiring manager must choose from numerous applicants who possess various levels of qualification, experience, and education. An applicant must be chosen from the pool of applicants based on the advertisement placed for a jackhammer operator and any legal or regulatory issues to be considered for each applicant. Restaurant/Bar†¦show more content†¦Professional Practice Scenario According to the scenario, Akiva and Tara want to open a birthing clinic and take out large loans to finance the business, which is a medical practice. The business would be a partnership of two medical professionals that would allow Akiva and Tara to form a limited liability partnership or LLP. An LLP is beneficial for the partners because each partner is only liable for debts or obligations up to the capital contribution or investments in the partnership (Cheeseman, 2010, p. 274, pp. 1). Forming an LLP begins with filing articles of partnership with the secretary of state of the state in which the LLP is organized. The LLP laws of the state where the LLP performs business govern the partnership. The partnership must follow the state laws and regulations to continue performing business in that state. Many states require an LLP to carry a minimum of $1,000,000 in liability insurance covering negligence, wrong ful acts, or misconduct by partners or employees. Taxation of the LLP is the same as in a general partnership. Each partner is required to file their profits or losses on their personal income tax return. As with a general partnership, an LLP is required to file an information return with the government so the income or losses are traceable to the individual partners. Because Akiva and Tara want to open a birthing clinic, they must prepare for liability issues.Show MoreRelatedBusiness Entities, Laws, and Regulations Paper856 Words   |  4 PagesBusiness Entities, Laws, and Regulations Paper By: Edmond Akopyan BUS/415 December 15, 2010 Instructor: Mark Oertel Starting a business requires some research on licensing, state laws and regulations and finally getting things started. It also requires looking into the business entities, taking control, taxation, and of course taking liability issues into consideration. It is important for the business to be able to protect itself. In this paper, an extermination businessRead MoreImplementing The Tax System Classification Rules1139 Words   |  5 Pagesthe Treasury (Treasury) finalized rules that were intended to simplify the tax entity classification rules. These rules have become known as the â€Å"check-the-box† regulations. Simply put, these regulations allow an eligible entity to â€Å"check a box† that indicates the desired tax treatment the entity wishes to have. These new regulations signify what was a much needed departure from the previous classification regulations, which were vague, ambiguous, and created many disputes between taxpayers andRead MoreRole and F unctions of Law Paper1479 Words   |  6 Pagesof Law Paper Jaclyn Wheatley LAW/421 June 25, 2012 Kathryn Harris Abstract This paper addresses the functions and role of law in business and society. This paper covers different types of laws including statutes, common laws, treaties, ordinances, and executive orders. As the paper continues it will discuss who creates and enforces these laws. This paper also discusses the classification of those laws into criminal and civil law, substantive and procedural law, and public and private laws. AsRead MoreBusiness Law Paper1434 Words   |  6 PagesBusiness Law Paper Riley T. Yates BUS/415 April 2, 2012 Daniel Marinberg Business Law Paper In setting up a new business the first step is setting up the best business structure for the need of the business. There are many different things that need to be looked at in order to determine the correct entity that will be used. Will there be partners is a big question in this determination, another questions which is the most correct for the business legally. Another consideration needs to beRead MoreThe Financial Reporting Council ( Frc )986 Words   |  4 PagesInsurance Contacts. FRS 100 basically describes who does what with the new UK GAAP. It describes which principles apply to which type of business; when a business can apply the reduced disclosure framework; and when a business should follow a statement of recommended practices, or SORP. FRS 101 lays out a reduced disclosure framework for entities. Certain entities can choose to use this reduced disclosure framework while creating their financial statements. FRS 102 presents a single standard, whichRead MoreLimitation s Of The Old Classification Regulations1454 Words   |  6 PagesGenerally, an entity is taxed as either a corporation or a partnership and in the past there were major differences between the two, specifically, limited liability. The main benefit of a corporation was limited liability, while a partnership was subject to individual liability for partnership debts. Partnerships began to devise new configurations that were aimed at limiting their liability. They succeeded in creating limited partnerships, which took the main advantage of a corporation and sharedRead MoreHealth Insurance Portability And Accountability Act Of 19961492 Words   |  6 Pageshealth information does not fall under HIPAA regulations. That information actually is covered under the FERPA (Family Education Rights and Privacy Act). This is a cause of a privacy concern for students K-12 private health information contained in the students record. Health Insurance Portability and Accountability Act of 1996 HIPAA law is for the protection of patient’s private health information. All covered entities must abide by HIPAA regulations in regards to all protect health informationRead MoreThe National Financial Accounting Standards Board1269 Words   |  6 Pageseffects from 2017. All of the firms had to work under the rules and regulations set. There is enough of the time left to understand and work on the changes. On dated 28th May, 2014 the new revenue standards were issued for contracts with customers. It has the power to give limitations and new rules are to be followed by various industries. It also includes those industries which have their own policies like real estate business, construction works and software related industries (Aboody, 2004). TheRead MoreA New Federal Cloud Compliance Program Is The Federal Risk And Authorization Management Program1317 Words   |  6 Pagesmust analyze the security of these services to ensure compliance with standards and laws that protect customers, citizens, and information. Therefore, this paper analyzes a new federal cloud compliance program called the Federal Risk and Authorization Management Program (FedRAMP). This paper also establishes that FedRAMP can indirectly aid federal government organizations to be compliant with the following laws: Health Insurance Portability and Accountability Act of 1996 (HIPAA); the Family EducationalRead MoreSarbanes Oxley Act Of 20021410 Words   |  6 Pagesact is to recover the investors’ trust in the stock market, and to prevent and detect corporate accounting fraud. I will discuss the background of Sarbanes-Oxley Act, and why it became necessary in the first section of this paper. The second section will be the act’s regulations for the management, external auditors, and companies, mainly publicly-traded companies, and the cost and benefits of the act. The last section will be the discussion of the quality of financial reporting since SOX and the effectiveness

Saturday, December 21, 2019

Causal Essay - 1211 Words

Causal Science has helped improve many people’s lifestyle from eating a healthy diet to stopping different form of disease that are attacking the human body. Science also provides intolerable lifestyle to people such as the elders as when the elderly have an incurable disease and the elderly are suffering for this incurable disease and wants to die, but cannot due to science advancement in technology making impossible to die at that moment. The possible future of science is uncontrollable. The power of science provides possibility and with this possibility doesn’t always generate a good possibility. Jeremy Rifkin in Biotech Century and Michael Bishop in Enemies of Promise talks about the science as their argument in a casual sense of†¦show more content†¦The creation with all the religions belief or attachment will suddenly shatter as people relied or set their whole life around that belief. There are people whom committed suicide because of a belief that was stated à ¢â‚¬Å"It was the end of the world in May 21, 2011, Judgment day† and also went into financial shambles as those people who believed in their belief sold everything they own and left with nothing. Rifkin quoted, â€Å"Genesis could lead to a far different future—a biological Tower of Babel and the spread of chaos throughout the biological world, drowning out the ancient language of creation† (312).This states that with biological creation creates more nonsense as the idea of the beginning creation of life seem invalid; in doing so, creates the idea of an ordinary human creating the whole world itself, due to time as time fades away the ancient language of creation. If creationism became true then many people would changes their ways as they thrives to find a religious purpose where sins or deeds that they acquired previously won’t have any effects against them such as killing a person previously and hoping that the person that he or she killed won’t affected by the idea of eternal darkness after death. The fear of unknowing and suddenly becomes theShow MoreRelatedCausal Factors1311 Words   |  6 PagesCharacteristics of Emotional/Behavioral Disabilities and Strategies to Teach Individuals with EBD Professor Karen Moeller Causal Factors Tamika Camano Emotional and Behavioral disorders can result from one or any number of combinations of causal factors from the students biological, familial, cultural, or educational background and/or environment. This essay will discuss causal factors, the implications, and possible mitigation regarding EBD students. Biological factors are responsible for certainRead More Causal Determinsim1448 Words   |  6 PagesCausal determinism is the concept that preceding causes give rise to everything which exists such that reality could be nothing but what it is. Science depends on this idea as it aims to find generalisations about the conjunction of certain causes and effects and thus hold some power of prediction about their future co-occurrence. However, in human interaction people assume each other to be responsible for their acts and not merely at the whim of causal laws. So the question which troubles philosophersRead MoreCausal Essay904 Words   |  4 Pagesis in fact drug law related. The fact is, while some researchers have questioned the causal connection between illegal drugs and street crime, many studies over a long period have confirmed what every inner-city dweller already knows: drug users steal to get the money to buy expensive illegal drugs. Studies were reviewed in an article entitled â€Å"Narcotics and Crime: An analysis of Existing Evidence for a Causal Relationship.† The authors conclude that heroin addiction can be shown to dramaticallyRead MoreWhat is causal1998 Words   |  8 Pagesï » ¿ What is causal-comparative research? Also known as â€Å"ex post facto† research. (Latin for â€Å"after the fact†). In this type of research investigators attempt to determine the cause or consequences of differences that already exist between or among groups of individuals.Causal-comparative research is an attempt to identify a causative relationship between an independent variable and a dependent variable. The relationship between the independent variable and dependent variable is usually a suggestedRead MoreCausal Argument Essay1357 Words   |  6 Pagesï » ¿Causal Argument: Will Lowering the Drinking Age Solve the Problem of Binge Drinking among College Students? Research has supported the observation that young people in America consume alcohol regularly; this prevalence of use increases rapidly during adolescence, as well as a few years afterward (Wagenaar and Wolfson 37). This has come to be a problem among college students. It has been shown through extensive quantitative and qualitative research that those under twenty-one years of age areRead MoreThe Causal Between Physical And Mental1629 Words   |  7 Pagesunderstanding of why events occur (Salmon, 1984). We are continually seeking a cause for physical events, in order to make sense of them. Understanding the causal relations between events has its advantages; allowing us to plan actions to achieve goals. It prompts us to behave in a way we expect to get our desired outcome. The underlying mechanism of causal inferences is unclear, some suggest it is embedded in our cognition (Sloman 2005), whilst others believe causality is all an illusion caused by visualRead MoreCausal Theories And Social Construction827 Words   |  4 Pages Causal Theories and Social Construction Stone (1989) explained that situations are created by human action and influence human intervention. The author argued the idea that problems are tied to image making, where the images have to do fundamentally with attributing cause, blame, and responsibility. More importantly, the idea that political parties portray situations as harmful in society, which they then tie issues to organizations and individuals. This allows the political actors to gain supportRead MoreThe Causal Agent Of Cypress Tree1405 Words   |  6 Pages(Raddi and Panconesi 1981; Wagener 1928). In the 1920’s, disease symptoms in C. macrocarpa were originally attributed to insects (Wagener 1928). Wagener officially identified the causal agent as Coryneum cardinale in 1939, though Sutton and Gibson later renamed the fungus to its current taxonomical standing. The causal agent of cypress canker has now been identified as three phenotypically similar, yet genetically distinct Seiridium species (Barnes et al . 2001; Graniti 1998; Tsopelas et al. 2007)Read MoreIntegration: Causal Chains and Strategy1343 Words   |  5 PagesIntegration- Causal Chains and Strategy Table 1 Learning/Growth Internal Business Processes Customer Service Financial Introduction of learning programs like seminars Integrating new ideas and concepts into the business Instilling new ideas and products to customers through services rendered, and products manufactured Loan balances deposit balances non-interest income Arrow chart The whole chain is a demonstration of how implementation of any of the organizational goals resultsRead MoreA Causal Comparative Research Design Essay1208 Words   |  5 PagesA causal-comparative research design is used. In this type of design cause-effect relationships among variables are studied. The independent variable identified but not manipulated will be the number of graduate students from the educational institution being studied. Meanwhile, the dependent variable is represented by the quality of the school and its programs. The groups of individuals identified in this study are pre-existing ones or naturally formed. Therefore, no random selection has taken place

Friday, December 13, 2019

What Is Rotaract Free Essays

Rotaract clubs are part of a global effort to bring peace and international understanding to the world. This effort starts at the community level but knows no limits in its outreach. Rotaractors have access to the many resources of Rotary International (RI) and The Rotary Foundation. We will write a custom essay sample on What Is Rotaract or any similar topic only for you Order Now Rotary International provides the administrative support that helps Rotaract clubs thrive. History Rotaract has evolved quickly in its short but dynamic history. In the early 1960s, Rotary clubs around the world began to sponsor university youth groups as community service projects. The 1967-68 RI president, Luther H. Hodges, and the RI Board of Directors considered this club activity to have international relevance, and Rotaract was approved in 1968 as an official program for Rotary clubs. The first club chartered was the Rotaract Club of North Charlotte, North Carolina, USA, on 13 March 1968. Several decades later, the Rotaract program has grown into a strong, international network of 7,300 clubs in more than 150 countries and geographical areas. Rotaract’s 145,000 members are young men and women (ages 18 to 30) who serve the needs of their communities, widen their personal and professional contacts, and increase their understanding of the world. Goals Rotaract has the following goals: ? To develop professional and leadership skills ? To emphasize respect for the rights of others, based on recognition of the worth of each individual ? To recognize the dignity and value of all useful occupations as opportunities to serve ? To recognize, practice, and promote ethical standards as leadership qualities and vocational responsibilities ? To develop knowledge and understanding of the needs, problems, and opportunities in the community and worldwide To provide opportunities for personal and group activities to serve the community and promote international understanding and goodwill toward all people How does Rotaract fit into the Rotary family? Rotary International is a worldwide service organization for leading business and professional men and women, with more than 1. 2 million members in over 31,000 Rotary clubs. Each Rotaract club is sponsored by a local Rotary club. This sponsorship is a result of Rotary’s belief that you ng people, or New Generations, should take an active interest in community life and have the opportunity for professional development. Organizing a Rotaract club is one of the most rewarding activities a Rotary club can undertake in its community. The Rotaract program gives Rotarians the opportunity to mentor dynamic young women and men interested in providing service to their own communities as well as the global community. In turn, a Rotaract club can bring new energy to a Rotary club, inspire fresh ideas for service, increase support for projects, and help develop future Rotary club members. Rotaract clubs are self-governed and largely self-financedat the local level. Working in cooperation with their sponsoring Rotary clubs as partners in service, Rotaractors are an importantpart of Rotary’s extended family. What does a Rotaract club do? Rotaract clubs organize a variety of projects and activities, depending primarily on the interests of the club members. However, within the Rotaract program, all clubs undertake three types of activities in varying degrees: professional development, leadership development, and service projects. Together, these three areas ensure a balanced club program and provide important experience and opportunities for the personal development of each Rotaractor. Professional Development A club’s professional development activities should expand the members’ understanding of the work environment and business opportunities within their community. These activities should highlight the Rotaractor’s role in the community’s economic development and illustrate how skills developed through service activities can help in resolving problems in the workplace. Each Rotaract club should provide professional development opportunities to its members through activities such as: ? Professional and vocational forums Business technology updates ? Management and marketing seminars ? Conferences on business and professional ethics ? Presentations on finance and credit options for business start-up Sponsoring Rotarians can enhance the professional development of Rotaractors by providing practical advice on entering the business world and tackling business, vocational, and professional challenges. Making the club’s professional d evelopment projects into joint Rotaract-Rotary projects can also help Rotaractors get better acquainted with sponsoring Rotarians. Leadership Development A club’s leadership development activities aim not only to make members more effective leaders in their personal lives, but also to teach them how to develop and sustain strong clubs with relevant projects. Important topics to address in training club leaders include: ? Improving public speaking skills ? Developing techniques for marketing the Rotaract program to potential members ? Building consensus among members ? Delegating project responsibilities and ensuring necessary follow-up ? Identifying channels for project publicity and promotion ? Finding financial resources for strengthening club development ? Assessing project success Service Projects Service Above Self is Rotary’s foremost guiding principle. A Rotaract club’s service projects are designed to improve the quality of life at home and abroad. These projects often address today’s most critical issues, such as violence, drug abuse, AIDS, hunger, the environment, and illiteracy. Each Rotaract club is required to complete at least two major service projects annually, one to serve the community and the other to promote international understanding. Each should involve all or most of the members of the club. How to cite What Is Rotaract, Papers

Thursday, December 5, 2019

Present Benefits and Challenges over Ripple Business

Questions: 1. What is the importance of the ripple payment protocol? 2. What is the process of implementation of ripple in different businesses? 3. What are the advantages of the ripple business? Answers: Background of the study Ripple is essentially a payment procedure as well as a digital currency that has transformed entirely separately of Bitcoin. However, the ripple business has the second highest market capitalization after the Bitcoin. As rightly put forward by Toma (2012), the ripple is essentially a decentralized payment procedure and a real time gross settlement system (RTGS) with a currency exchange system as well as remittance network provided by Ripple. This particular system is also known as the Ripple transaction Protocol or else Ripple Protocol designed on the foundation of open Internet protocol along with consensus ledger as well as native currency (Toma 2012).. Introduced in the year 2012, this system of Ripple helps in the establishment of a secure, instantaneous and at the same time free worldwide financial transaction with no system of charge backs. The Ripple payment protocol procedure upholds tokens that represent the flat currency, commodity as well as crypto currency or else any oth er recurrent flier (Balcilar et al. 2012). At present, the Ripple payment protocol is put into practice by corporations like Fidor bank as well as many other banking institutions and payment networks as a procedure of settlement infrastructure technology. Research Aim The aim of the present research is To analyze the present usage patterns as well as trade dynamics used in Ripple by way of evaluation of the available information that can be extracted from the global ledger of Ripple To investigate the different provisions of the Ripple payment protocol that can shed light on the current process of deployment of this particular Ripple system Research Questions What is the importance of the ripple payment protocol? What is the process of implementation of ripple in different businesses? What are the advantages of the ripple business? History The early development of this system can be dated back to the year 2004 at the time when the Ripple pay.com was first introduced by Ryan Fugger as a local exchange that was used as a trading system in Vancouver. This system was created with the intention of setting up a decentralized monetary system that individuals could use for generation of their own money (Zarifis et al. 2014). However, this idea later transformed into the system of transaction or a currency system where all the transactions could well be substantiated by way of consensus among different members of this particular network (Liberatore et al. 2012). This later emerged as a digital currency idea that developed into an advanced protocol system that can enable the instant as well as the direct transfer of money among different individuals. The Ripple Lab has now involved in several developmental projects with primary focus on the banking sector, IT sectors and others. This includes the project where iOS client applica tion for permitting the iPhone users to carry on transactions in any currency through their phone. Significance of the study The current study helps in gaining a comprehensive understanding of the Ripple system and analyzing the overall consensus protocol of Ripple. The present section also helps in an overview of the six types of Ripple transactions, consensus protocol. This present study therefore helps in gaining an overview of the deployment of the entire ripple payment system in business that leverages the consensus protocol. In addition to this, the present segment of the study also assists in acquiring vivid idea regarding the design features that includes the gateways, trust lines as well as rippling, creditworthiness, consensus ledger and ledger security. The ripple business is built up based on various shared data along with public data that makes that enables the process of payment, transmittal and facilitate the process of exchange. Therefore, the current study helps in delving deep into the significant features of the ripple business after carrying out a detailed analysis of the systems viabil ity, security as well as price. Literature Review The literature review section intends to analyze the viability of the ripple business by reviewing and assessing the empirical studies as regards the process of the ripple payment protocol. Furthermore, the present segment also attempts to shed light on different interventions hat elucidates the effectiveness of the ripple business for raising the overall scale of the different business concerns. Ripple Protocol: As rightly put forward by Armknecht et al. (2015), ripple is essentially a decentralized payment structure founded on credit networks. In particular, the Ripple code is primarily an open source and is accessible by the public. Therefore this implies that everyone can install a Ripple for the case in point. However, there are different nodes that can assume three diverse roles in Ripples. These roles include that of the users who are essentially involved in both making as well as receiving payments. In addition to this, there is an important role of the market makers that play the part of the trade enablers in the overall transaction system. Furthermore, there are validating servers that are responsible for executing the process of Ripples consensus protocol in a bid to examine as well as substantiate different transactions occurring in the entire Ripple business. Kim (2016) opine that the Ripple users are known by means of different pseudonyms. In particular, the users are outfitted with a public or else a private key two of a kind at the time when a user intends to make transactions with yet another user. For that purpose, there is a process of carrying out the cryptographical signs that enables the transmission of money that is denominated in own currency of Ripple, XRP or else by means of any other currency (Kim 2016). In case of payments carried out on non XRP currencies, Ripple does not participate in the process of enforcement of payments and only maintains the records the different amounts that a particular entity owes to another (Ripple. 2016). Ripple Transaction: Ripple currently upholds six different categories of transactions that include making payments. Payment is the for the most part a common nature of transactions that permits the transmission of funds from one entity to another (Dwyer 2015). Next, the Ripple business also helps in Account Set that refers to a certain sort of transaction that permits a particular entity to set different options that is pertinent for the account of the specific entity. This Ripple business also aids in Setting Regular Key that too refers to a particular kind of transaction that essentially enables an entity to modify and set the key utilized by a particular unit to sign upcoming transactions (Dwyer 2015). Apart from this, the Ripple business also has enables the transaction of Offer Creation that helps in expressing the intent to exchange different currencies. The present payment protocol also supports the transaction of Offer Cancel that assists in removing the relevant offer from t he particular ledger (Luo 2012). Finally, the Ripple Business also aids in Trust Set that refers to a transaction that primarily generates as well as modifies a trust link involving two different accounts. Research Methodology Research Design: As rightly put forward by Pickard (2012), the research methodology provides a well designed structure as well as approach that can assist the researcher to successfully accomplish the present study. However, design of the research is essentially a blue print of the research process that incorporates different plans and procedures of carrying out the entire research work with proper articulation of the process of data collection as well as data interpretation (Krippendorff 2012). In particular, there are three different types of research design, namely, explanatory, descriptive as well as exploratory. The researcher intends to adopt the explanatory design that supports the purpose of understanding the causes as well as effects of particular research questions and helps in achieving the research purpose by utilizing the knowledge as well as experience on the ripple business. Data Collection and Data Interpretation As correctly put forward by Miller et al. (2012), there are essentially two different types of techniques for collection of data, namely, the primary data collection and the secondary data collection. Primary data collection technique is primarily a first-hand data collection system that helps in acquiring data through different surveys as well as questionnaires. On the other hand, the secondary data collection technique refers to process of collection of data by extracting pertinent information from websites, journals, books, academic papers as well as blogs among many others (Miller et al. 2012). Therefore, the researcher will make use of both primary as well as secondary techniques of data collection for acquiring the requisite data for the present research. The intention as well as purpose of the present study is to undertake a quantitative analysis by means of relevant data acquired on ripple business (Krippendorff 2012). This will thereby enable a comparative analysis of the pr esent benefits as well as limitations of the ripple business. Research Description This present segment of the study intends to shed light on different stratagems of the ripple business strategy that is applicable in the business domain. Furthermore, the researcher also attempts to explore the overall procedure of implementation of the ripple payment system in businesses and elucidate the current benefit as well as limitations of the ripple payment protocol in business. Sample Size and data evaluation technique The research concentrates on the process of storing the data anchored on different categories and are illustrated succinctly. In addition to this, the researcher also attempts to explain the entire session of definite baseline to categorically illustrate the stratagem of ripple business under consideration. For that reason, this present study carries out a forty-five minutes session that illustrates different strategies of ripple business and explains the advantages as well as limitations of the ripple business and makes use of the baseline of the protocol. This also helps out in making comparisons and creates a document for a mean value that can be properly registered for carrying out an elaborate data interpretation using mathematical and statistical tools (Pickard 2012). Particularly, the mean value can be calculated based on the data acquired on different corporations that are currently implementing the Ripple payment protocol in order to recognize the changes of all the particip ating corporations. Relevant Materials of the present study The relevant materials of the ripple payment protocol in different business can be designed as well as developed by different developers. This particular system of ripple payment protocol is primarily utilized by different private business concerns, banking institutions, social media as well as IT segments. This is primarily a significant concept of the e-commerce and for that reason the materials refer to any products or else services. Schedule: Gantt chart Activities/ Time for completion of the activties Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Development of the concept Undertaking the process of reviewing the literature Discussion with the supervisor for approval Select as well as recruit research partakers for primary data collection Recording the secondary data Conducting the surveys Interpreting the data Conclusion In conclusion it can be said that the ripple payment protocol exerts immense influence on the overall operations of different business domain. Therefore this particular e-commerce ripple payment protocol study is effective for gaining a deep understanding its importance in todays business world. The present study also helps in understanding the significance of the security policy that can shield the entire payment procedure from unlawful intruders that includes both hacker as well rival corporations. For that purpose the data needs to be appropriately collected to arrive at outcomes that can help in understanding the current challenges as well as advantages of the Ripple System in businesses. References Armknecht, F., Karame, G.O., Mandal, A., Youssef, F. and Zenner, E., (2015). Ripple: Overview and Outlook. InTrust and Trustworthy Computing(pp. 163-180). Springer International Publishing. Balcilar, M., Beyene, A., Gupta, R. and Seleteng, M., (2012). Rippleeffects in South African house prices.Urban Studies, p.0042098012458551. Dwyer, G.P., (2015). The economics of Bitcoin and similar private digital currencies.Journal of Financial Stability,17, pp.81-91. Kim, T.H., (2016). A study of digital currency cryptography for business marketing and finance security. Krippendorff, K., (2012).Content analysis: An introduction to its methodology. Sage. Liberatore, F., Scaparra, M.P. and Daskin, M.S., (2012). Hedging against disruptions with ripple effects in location analysis.Omega,40(1), pp.21-30. Luo, J. (2012).Soft computing in information communication technology. Berlin: Springer. Miller, T., Birch, M., Mauthner, M. and Jessop, J. eds., (2012).Ethics in qualitative research. Sage. Pickard, A., (2012).Research methods in information. Facet publishing.