Free Essay

The Solidarity Fund and Gildan Activewear, Inc

In: Business and Management

Submitted By yayaewan
Words 1226
Pages 5
This case describes a decision facing the officers of the Solidarity Fund, a large pension fund operated by the Quebec Federation of Labor (QFL). The QFL had founded the Fund to provide members of its affiliated unions and others access to professionally managed retirement accounts. It also sought to create job growth in the province of Quebec and to support companies with good working conditions, positive relations with local communities, and a commitment to environmental responsibility. The dilemma concerned what the Fund should do about its investments in Gildan Activewear, a Quebec-based textile company. Human rights activists and investigative journalists had charged that Gildan’s workers in Honduras earned less than a living wage, worked long shifts, had excessively high production quotas, and breathed air filled with fabric dust. Just a few months later, a labor rights group issued a report claiming Gildan had fired Honduran workers who had tried to organize a union. These charges presented the Fund, which owned 14 percent of Gildan, with a difficult dilemma. The textile company had been an excellent investment; its stock had risen in value from just over $2 per share when the fund first invested to nearly $12. However, if the allegations were true, the company’s practices would run counter to the basic values of the Fund. Should the pension fund try to influence Gildan’s conduct? Should it sell its shares in protest? Or should it do neither?
Kes ini menerangkan keputusan yang dihadapi oleh pegawai Dana Perpaduan, dana pencen yang besar dikendalikan oleh Persekutuan Quebec Buruh (QFL). The QFL mengasaskan Dana untuk menyediakan ahli-ahli kesatuan gabungannya dan orang lain akses ke diuruskan secara profesional akaun persaraan. Ia juga berusaha untuk mewujudkan pertumbuhan pekerjaan di wilayah Quebec dan menyokong syarikat-syarikat dengan keadaan kerja yang baik, hubungan positif dengan masyarakat tempatan, dan komitmen dalam penjagaan alam sekitar. dilema berkenaan apa Dana perlu lakukan pelaburannya dalam Gildan Sukan, sebuah syarikat tekstil yang berpangkalan di Quebec. Aktivis hak asasi manusia dan wartawan penyiasatan telah mendakwa bahawa pekerja Gildan dalam Honduras memperoleh pendapatan kurang daripada gaji hidup, bekerja syif panjang, mempunyai kuota pengeluaran yang terlalu tinggi, dan meniupkan udara dipenuhi dengan debu kain. Hanya beberapa bulan kemudian, kumpulan hak-hak pekerja mengeluarkan laporan mendakwa pekerja Honduras Gildan telah melepaskan yang cuba menganjurkan kesatuan sekerja. Caj ini dibentangkan Kumpulan Wang, yang memiliki 14 peratus daripada Gildan, dengan dilema sukar. Syarikat tekstil telah menjadi pelaburan yang sangat baik; sahamnya telah meningkat dalam nilai daripada hanya lebih $ 2 setiap saham apabila dana pertama dilaburkan untuk hampir $ 12. Walau bagaimanapun, jika dakwaan itu benar, amalan syarikat itu akan bertentangan dengan nilai-nilai asas Kumpulan Wang. Sekiranya dana pencen cuba mempengaruhi kelakuan Gildan ini? Sekiranya ia menjual saham mereka protes? Atau ia perlu dilakukan tidak?

Solidarity Fund was founded by Quebec Federation of Labor in 1983. Sixty percent of the shareholders are unionized workers and they manage the saving for the fund. The purpose of Solidarity Fund uses members’ retirement savings so that they can’t invest in local companies. Their goal is to use the money in the fund to help employer to provide retirement money for employees when they retire or unemployed. I believe that Solidarity Fund represents an example of social investment because they want to support job growth in their province by investing in local small businesses and other companies from other place that helps economic growth in Quebec.
Solidarity Fund also invests in eco-friendly and good working condition companies. I believe that the evidence in the case shows Gildan Activewear is not a socially responsible company because low working standards that they provide for their employees. They gave employees wage based on the amount they produced in a given time. They group their employees and make reward the fastest one in the group and punish the slowest person by sending them back to sewing school. There is a high level of cotton dust in the factory and it is health hazardous for the employees to work in that environment. The level of cotton dust is above the standard level that Canada occupational safety law states. Women were tested for pregnancy and if they are pregnant they will be fired. They also fired employees that were trying to form a union at the Ministry of Labor. The benefits of globalization include helping developing countries by creating more jobs and providing medical assistance for their employees. The costs of globalization in this case is that there is a concern that they are slowly moving out of Quebec and that will cause the workers to lose their jobs. The Solidarity Fund gives a social audit and pressures Gildan Activewear to have good practices and keep their investments. If Solidarity Fund were to sell its investment of Gildan Activewear than they can get 1,000 percent in return but they can get even more if they continue to invest in the company. Solidarity Fund managers should keep investing in the Gildan Activewear because I think if the company is getting pressured by the media and Solidarity Fund then they can change their bad practices into good ones.

Dana Perpaduan diasaskan oleh Russian Quebec Buruh pada tahun 1983. Enam puluh peratus daripada pemegang saham adalah pekerja kesatuan sekerja dan mereka berjaya menyelamatkan untuk dana. Tujuan Dana Perpaduan menggunakan simpanan persaraan ahli supaya mereka tidak boleh melabur dalam syarikat-syarikat tempatan. Matlamat mereka adalah untuk menggunakan wang dalam dana untuk membantu majikan menyediakan wang persaraan untuk pekerja apabila mereka bersara atau menganggur. Saya percaya bahawa Dana Perpaduan mewakili satu contoh pelaburan sosial kerana mereka mahu menyokong pertumbuhan pekerjaan di wilayah mereka dengan melabur dalam perniagaan kecil tempatan dan syarikat-syarikat lain dari tempat lain yang membantu pertumbuhan ekonomi di Quebec. Dana Perpaduan juga melabur dalam syarikat-syarikat keadaan kerja yang mesra alam dan baik. Saya percaya bahawa bukti dalam kes itu menunjukkan Gildan Sukan bukan sebuah syarikat yang bertanggungjawab dari segi sosial kerana piawaian kerja yang rendah bahawa mereka menyediakan untuk pekerja mereka. Mereka memberi pekerja melancarkan berdasarkan jumlah yang mereka dihasilkan dalam masa yang diberikan. Mereka kumpulan pekerja mereka dan membuat hadiah kepada salah satu yang paling cepat dalam kumpulan dan menghukum orang yang paling perlahan dengan menghantar mereka kembali ke sekolah jahit. Terdapat tahap yang tinggi habuk kapas di kilang dan ia adalah kesihatan berbahaya bagi pekerja untuk bekerja dalam persekitaran itu. Tahap habuk kapas adalah di atas paras standard bahawa Kanada negeri undang-undang keselamatan pekerjaan. Wanita telah diuji untuk kehamilan dan jika mereka hamil mereka akan dipecat. Mereka juga melepaskan pekerja yang cuba untuk membentuk kesatuan sekerja di Kementerian Buruh. Faedah globalisasi termasuk membantu negara-negara membangun dengan mewujudkan lebih banyak peluang pekerjaan dan memberikan bantuan perubatan untuk pekerja mereka. Kos globalisasi dalam kes ini adalah bahawa terdapat kebimbangan bahawa mereka secara perlahan-lahan bergerak keluar dari Quebec dan yang akan menyebabkan pekerja kehilangan pekerjaan mereka. Dana Perpaduan memberikan audit sosial dan tekanan Gildan Sukan untuk mempunyai amalan yang baik dan pelaburan mereka. Jika Dana Perpaduan adalah untuk menjual pelaburannya sebanyak Gildan Sukan daripada yang mereka boleh dapat 1,000 peratus dalam pulangan tetapi mereka boleh mendapatkan lebih jika mereka terus melabur dalam syarikat itu. Pengurus dana Perpaduan perlu menyimpan melabur dalam Gildan Sukan kerana saya fikir jika syarikat itu mendapat tekanan daripada media dan Dana Perpaduan maka mereka boleh mengubah amalan buruk mereka ke dalam orang-orang yang baik.…...

Similar Documents

Premium Essay

Discuss Durkheim’s Theory of Social Solidarity and Organic Solidarity.

...LEGAL ETHICS Discuss Durkheim’s theory of social solidarity and organic solidarity. Durkheim’s theory states that a society is like an organism with different structures and functions, he acknowledges the presence of individuals and social solidarity. He believed that a society is held by a division of labour and that the structure can be changed over time. His basic argument is that there are two types of social solidarity, mechanical solidarity and organic solidarity.. Societies with limited division of labour fall under mechanical solidarity and societies with high division of labour fall under organic solidarity.In both societies individuals act according to what they are obliged to do for others,so each person is recognized for their contributions to the society.Social morality in this sense is ‘strictly necessary’ for solidarity between people to occur; without morality, “societies cannot exist.’” (Grabb, p. 79).According to Giddens (p. 73), the main substantive problem for Durkheim stems from “an apparent moral ambiguity concerning the relationship between the individual and society in the contemporary world.” Mechanical solidarity is the solidarity that comes with likeness,the early societies tended to be small and simple.Durkheim also adds that mechanical solidarity mean the common ideas and tendancies of members the societies are larger in number than individual ideas and tendencies.The division of labour was little and it was divided by sex and age.In......

Words: 1097 - Pages: 5

Premium Essay

Sri Funds

...Calvert Social Index I Fund, Gabelli SRI Green Fund and Pax World Balanced Fund are all sustainable and responsible mutual funds that invest in Fords Motor Company and Kellogg Company. These companies meet the funds goals by qualifying for their screening criteria. All three funds have very diverse portfolios. Calvert Social Index I fund is a very respectful SRI fund and is described on socialfunds.com as “The Calvert Social Index Fund seeks to match the performance of the Calvert Social Index, which measures the investment return of large- and mid-cap stocks of companies that meet Calvert's social investment criteria.” Gabelli SRI Green Fund is described on socialfunds.com as “Fund will seek to achieve its objective by investing substantially all, and in any case, no less than 80% of its assets in common stocks and preferred stocks of companies that meet the Fund's guidelines for social responsibility at the time of investment.” Pax World Balanced Fund is described on socialfunds.com as “The Fund follows a Sustainable Investing approach and expects to invest approximately 60% of its assets in equity securities and 40% in debt securities.” All three funds have a core emphasis of generating returns by investing in sustainable and socially responsible companies. Ford Motor Company and Kellogg Company are both very noticeable companies grounded on their efforts of improving societies and being responsible. All three mutual funds pursue companies who are environmentally......

Words: 1244 - Pages: 5

Premium Essay

Funds

...looking at its economy health. Depending on the state of our economy, it can determine how much a family would be able to purchase from a local grocery store. Any sign of inflation will increase the prices of items, which in return will result in consumer cutting back on what they would normally spend on groceries and therefore can factor in our country’s economy slowdown. When we talk about massive layoffs of employees, I can only imagine how bad the economy is and how much our country is really down. When our government’s spending increases, the more chances that our economy will do good, people will get jobs, unemployment rate will go down, and so on. But when our government have no spending power, no way to pay our debts, and all funds are cut off, that’s when we can witness loss of jobs, and big increase in our country’s unemployment rate. Massive layoff affects all of us in many ways, and these affects us in a very negative way. Our government economy slows down because a lot of the unemployed people cannot afford to spend whatever money they have left on things they normally spend their money on. Businesses will start losing profit and will eventually slowdown, resulting in massive closeout of businesses, especially small businesses. We will see a lot of houses being foreclose, increase in homeless people, crime rate can also increase due to desperations, and in some cases suicides can also show dramatic increase. Let’s end in a somewhat good note with the......

Words: 898 - Pages: 4

Premium Essay

Solidarity Fund Gilden Activewear

...The Solidarity Fund and Gildan Activewear, Inc The case talks about the deliemma faced by the Solidarity Fund, a sophisticated retiriement fund operated by the Qubec Federation of Labor. The goal of QFL was to extend access to managed retirement account for its members and to instill job growth in the Qubec region. Another focus of the QFL was to support socially responsible companies that carried out their due delligence process sucuessfully and paid special attention to employee working conditions. The controversy stemmed from the fact the Gildan Activewear and Montreal based textile and Garment that started in 1984 managed and operated three factories. Gildan Activewear is a Montreal-based textile and garment company that started in 1984. Gildan ownd and operated three factories and in effort to compete with Hanes and Fruit of the Loom, Gildan began to expand in 1995, Gildan contacted the Solidarity Fund for help in financing its expansion Gildan grew drastically and even expanded some production to Honduras Gildan believed that Honduras was the reason for its success as80% of the jobs were held by women between the ages of 18 and 25.In 2002, the basic minimun hourly wage was 63 cents. An employee in Montreal earned more in one hour than an Honduran did in one day.The Solidarity Fund's conducted an audit on Gildan and discovered that there were many issues with factories In Hunduras. Some of the issues were dilapadated facilities, substandard working conditions like......

Words: 676 - Pages: 3

Premium Essay

Gilden Activewear Case 8

...Ethics, and Sustainability Prof. Koob Case 8 1. What is the purpose of the Solidarity Fund? Do you think it represents an example of social investment? Why or why not? The Solidarity Fund had 2 purposes: to democratize access to professionally managed retirement accounts, and to support job growth in Quebec either through long term investment in small and medium sized local companies or by investing in outside companies whose activities benefited the province. Solidarity Fund does represent an example of social investment in my opinion because fills financial gaps when citizens are retired or are at a job loss. It also helps develops sustainability since high interest rates had created bankruptcy for many small to medium sized businesses while also a nearly a quarter of the young adult population in Quebec were unemployed. 2. Do you believe in the evidence in the case shows Gildan Activewear to be a socially responsible company, or not? I don’t believe that Gildan Activewear is a socially responsible company after the evidence set forward by the Maquila Solidarity Network (MSN), a North American labor rights organization, and Equipo de Monitorio Independiente de Honduraas (EMIH) which is an independent nonprofit monitoring agency. The report stated that ages for not meet the basic needs of the workers and they were responsible for excessively high production targets. Gildan failed to provide day care and nursing facilities as required by the law and the......

Words: 841 - Pages: 4

Premium Essay

Funds

...about the region’s growing success in the hedge fund industry and its potential for further growth STeVe FlYNN is the chief executive of the global business companies within the cim group. He has experience in offshore, financial services and corporate administration in the uK, bermuda, india, luxembourg and south africa. steve has worked with a number of financial services companies, the most recent being commercial union, maitland Fund services, Fidelity investments, credit suisse life and Pensions and ernst & Young bermuda. ASHWIN JUGBANDHAN is a Fellow of the association of chartered certified accountants, member of the uK securities & investment institute and general manager at imm. He has experience in global fund administration in mauritius, guernsey and channel islands. He advises multinational corporations and fund managers on regulatory matters, structuring, establishment and funds. He holds a number of directorships, including listed entities. M ” auritius is famed for its idyllic beauty as a holiday destination, but in financial circles, it is also becoming wellknown as one of the most trusted and competent financial services centres globally. In 2008 the financial services sector amounted to 12% of Mauritian GDP, only slightly behind hotels and tourism. Mauritius opened up its financial services industry in the early 1990s and has become the tried and trusted route for any kind of investment, including fund investment, into India. Already, 44% of all......

Words: 1916 - Pages: 8

Premium Essay

Hedge Funds

...Hedge Funds: A liability for the economy? Sander van Bentum 362107 Max Wielitsch 385533 Dhr. B. Tims 17-10-2013 Table of Contents Introduction 3 Risks for the investors 4 The creation of risks to financial institutions 5 The excess volatility risk 6 Transparency 6 Unlevel playing field 7 Hedge funds and financial bubbles 7 The role of hedge funds in crises 8 Conclusion 10 Bibliografy 10 Introduction Everybody that is somewhat involved with finance has probably at some point heard of the term hedge fund. But what is it exactly? In simple words it can be described as, ‘’an actively managed, pooled investment vehicle that is open to only a limited group of investors and whose performance is measured in absolute return units’’ (Connor et al. 2003). This limited group of investors contain wealthy investors who would be able to cope with possible losses. Commonly hedge funds make use of arbitrages and price discrepancies, terms that are also known as inefficiencies within the market. By making small profits on a large scale by identifying these market inefficiencies and attempting to correct them these hedge funds claim to help the market become more efficient. Hedge Funds first made their appearance on to the global financial stage in 1949, when the first hedge fund was created by Alfred W. Jones. ‘’He raised $60,000 and invested $40,000 of his money to pursue a strategy of investing in common stocks and hedging the positions with short......

Words: 2952 - Pages: 12

Premium Essay

Gildan

...The Solidarity Fund and Gildan Activewear BA7070 Case Study Assignment Guidelines Read the case that begins on page 522 of the standard course textbook. Answer the questions listed below. Discuss your responses. Note that some of these questions may not be consistent with the book. 1. What is the purpose of the Solidarity Fund? Do you think it represents an example of social investment? Why or why not? 2. Do you believe the evidence in the case shows Gildan Activewear to be a socially responsible company, or not? 3. What evidence do you find in the case of the benefits and of the costs of globalization, and more particularly of sweatshops? 4. In what ways did the Solidarity Fund attempt to use its position as an institutional investor to try to influence Gildan Activewear? 5. What are the arguments for and against a decision by the Solidarity Fund to divest from (sell its investments in) Gildan Activewear? 6. What do you think the Solidarity Fund managers should do now, and why? • • • • • Prepare concise, written responses for each question and point out any contingencies that should be considered. Your response should take a team essay approach. o Your paper should maintain one voice. o It should read as if the entire team collectively wrote the entire document. o Use the first person, plural (i.e. we, us). Include the following headings before each response: o The Solidarity Fund  and  its  Representation  of  Social ......

Words: 652 - Pages: 3

Free Essay

Unity and Solidarity

... "Man by nature is a political animal." This quote was of course said by the great Greek philosopher Aristotle. What he meant was that every man has a desire for a say in what goes on within a community. A say in how the authority should be run, a say in how much taxes one needs to pay, a say in just about anything worth having an opinion on that is up for debate. Having solidarity and unity in a community is absolutely critical for any society to properly function efficiently, along with everybody being given equal opportunities. Every person on this earth has this nature Aristotle speaks of, and everyone should be given that chance to use it. It has always been a habit of mankind to follow tradition, or believe in what your parents said when you were growing up. With this being true, it is very difficult to permanently abolish racism. In order to get rid of it, the beliefs of one generation must be changed, or else the next generation will follow. Our world has proved this to be true, as slavery was used all around the globe until certain stops were made by certain people. Abraham Lincoln was the first man to put his fist down as his Emancipation Proclamation gave slaves their first taste of freedom in 1863. Martin Luther King Jr. finalized Lincoln’s intentions as due to his determination and perseverance many people started accepting different races and ethnicities. Unfortunately, not only do many towns across our nation still have racist views but other countries......

Words: 412 - Pages: 2

Premium Essay

Fund Tracking

...FUND TRACKING ASSIGNMENT • For this assignment you MUST WORK IN PAIRS. • Pick your partner for this assignment BEFORE the start of WEEK 3 • In the Assignment module in SLATE Content is a link to the google drive spreadsheet where you and your partner must sign up for this assignment. Be sure to register in the correct class. • In the meantime, visit www.globefund.com and familiarize yourself with the content on the website and different ways to select mutual funds. SUBMISSION #1: 1. Due week 4 in SLATE Dropbox (see Dropbox for exact date and time). 2. One partner will invest $10,000 in each of 3 actively managed* mutual funds managed by Canadian mutual fund companies. See Appendix for a list of potential mutual fund companies and funds to choose from. One fund must be chosen from each of the following categories: • Canadian Equity • Emerging Markets Equity • Canadian Fixed Income *Remember, actively managed means it does NOT follow the related index but tries to outperform the index by selecting only what the portfolio managers believes will be the best performing securities. 3. One partner will invest $10,000 in each of 3 passively managed Exchange Traded Funds with one ETF coming from each of the following categories. Canadian Equity STOCK SYMBOL Globefund Code BMO S&P/TSX Capped Composite Index ETF ZCN BMOCANEQ iShares Core S&P/TSX Capped Composite Index ETF XIC IUNSTCID Vanguard Canada - FTSE Canada Index......

Words: 1350 - Pages: 6

Free Essay

Durkheim on Solidarity

...Durkheim on solidarity Of all the things I’ve learned about from researching Durkheim’s thoughts and ideas, the most striking one were the ones which surrounded social solidarity. To put it simply, social solidarity is a set of norms, values and morals that hold a certain group of people together. He described it as a “wholly moral phenomenon which by itself is not amenable to exact observation and especially not to measurement” (Durkheim 1997). Durkheim believed that there were two types of solidarity, Mechanical and Organic Mechanical solidarity, despite what one might guess from its name, describes the social integration of members of a society who are connected by their homogeneity of beliefs, values and lifestyle. The defining aspect of mechanical solidarity is its collective consciousness. The group acts as one, all actions in unison. “All we require is for the functions to work together in a regular fashion” (Durkheim 1997). In this type of society it is often found that individuality is moderately or sometimes harshly discouraged and is usually punished by the group. Durkheim states that “the more intensity of punishment is the greater the more closely societies approximate to a less developed type- and the more the central power assumes an absolute character” (Tiryakian 1964). These types of societies are usually found in rural villages and other less developed communities. Organic solidarity is a slightly more modern version of solidarity that is born from the......

Words: 854 - Pages: 4

Premium Essay

Gilden Activewear Case 8

...1. What is the purpose of the Solidarity Fund? Do you think it represents an example of social investment? Why or why not? The Solidarity Fund had 2 purposes: to democratize access to professionally managed retirement accounts, and to support job growth in Quebec either through long term investment in small and medium sized local companies or by investing in outside companies whose activities benefited the province. Solidarity Fund does represent an example of social investment in my opinion because fills financial gaps when citizens are retired or are at a job loss. It also helps develops sustainability since high interest rates had created bankruptcy for many small to medium sized businesses while also a nearly a quarter of the young adult population in Quebec were unemployed. 2. Do you believe in the evidence in the case shows Gildan Activewear to be a socially responsible company, or not? I don’t believe that Gildan Activewear is a socially responsible company after the evidence set forward by the Maquila Solidarity Network (MSN), a North American labor rights organization, and Equipo de Monitorio Independiente de Honduraas (EMIH) which is an independent nonprofit monitoring agency. The report stated that ages for not meet the basic needs of the workers and they were responsible for excessively high production targets. Gildan failed to provide day care and nursing facilities as required by the law and the new employees are tested for pregnancy and the ones......

Words: 290 - Pages: 2

Premium Essay

Mutual Funds

...Paper topic: Mutual Funds vs ETFs: historical data, argumentative analysis and position. Introduction Mutual Fund is a term, meaning joint venture. As the human minds evolve more civilized, it also has undergone many evolutionary postures. Formerly it was practiced as close ended mutual fund in which combined investment had limits. Simply in those funds a restricted number of investors were allowed to play. As a result they used to have limited profit. While following the same pattern some innovative thoughts were put together along with the basic ingredients of the recipe of mutual funds to make it more reproductive. The consequences resulted in the body of open ended mutual funds. These open ended funds are still hailing the demanding curse of present age. Using the mutual fund scheme was more beneficial for the investors and was less fruitful for the manager or the body managing and investing the funds. Therefore to make more money from limited funds a newer system was stemmed into the fabric of trade. That system was to engage poor into this business by investing money in the form of blocks. This trick helped the managing body to withdraw more money out of the flow in the form of commission. On the contrary it involved less investment share which was easy to contribute by an average investors. Hence it had the characteristics of close ended mutual fund accompanied by replication of index. This system was easy to manipulate and friendly to the......

Words: 3826 - Pages: 16

Premium Essay

Hedge Fund

...........................  1   INTRODUCING  HEDGE  FUNDS  ............................................................................................................................................  2   ORIGINS  OF  HEDGE  FUNDS  ..................................................................................................................................................  3   STRUCTURES  OF  HEDGE  FUNDS  ........................................................................................................................................  6   ROLE  OF  PRIME  BROKERS  ...................................................................................................................................................  9   FEE  STRUCTURES  OF  HEDGE  FUNDS  ..............................................................................................................................  11   MAJOR  HEDGE  FUNDS  .........................................................................................................................................................  13   BALANCE  SHEET  OF  A  HEDGE  FUND  ..............................................................................................................................  14   INCOME  STATEMENT  OF  A  HEDGE  FUND  ............................................................

Words: 22449 - Pages: 90

Premium Essay

New Funds

...was the listing of funds shown by the TX comptrollers office [thousands of separate funds] California State Government Inc. has the same if not substantially larger fund balances than TX. I strongly suggest that you share the same with your people and let them know to look for the same types of funds and listing in CA as shown in Texas to see "the reality" of standing fund balances in CA. The reality check per current circumstances with an example given on the personal level is as follows: If you had a fund to take a one-month vacation to Cancun, Mexico with $15,000 in it, and a fund to buy an Island in the Dutch West Indies with 3.8 million in it, and your yearly grocery fund balance dropped from its normal level of $12,000 to $400, would you: A. - Pull all that was needed from your "vacation" fund to increase your grocery account. B. - Pull all that was needed from your "buy and Island Fund" to increase your grocery account. C. - Pull all that was needed from your vacation and buy an Island fund to increase your grocery account. D. - Pull 50% of the needed funds from your vacation and buy an Island fund to increase your grocery account and borrow the rest. E. - Look at all of your separate funds (thousands on the state level), see what your shortfall need was, and pull a "set percentage", say 1.2% from all of your fund balances "equally"...

Words: 1042 - Pages: 5

Bushnell 10x42 Powerview Binocular Black Lowest Price ( UK ) | The Last Tempt season 05 episode 09 | Juice Wrld Spark Me Up (2019) Mp3 Album 320kbps Quality [PMEDIA]