College Decision Time! Are Double Deposits Ethical

What Are Double Deposits?Double deposits involve a student putting down a deposit at two different schools. While your child obviously cant attend classes at both, it is an approach that can buy a student time when they are struggling with their college decision.Its important to understand that most deposits are non-refundable, so using this to buy some time before making a college decision can be costly. However, there are situations where it can be a smart move.When Your Child is Struggling to Make a College DecisionIt isnt uncommon for students to struggle when it comes to making a college decision. After all, its a big commitment and plays a substantial role in how their future will play out.If your child is torn between two schools, a double deposit gives them an opportunity to secure their place at more than one institution. Then, they can gather more information and make a final selection before the school year begins.When Financial Aid and Tuition Arent Fully SettledSometimes your students financial aid and tuition wont be fully settled when college decision time arrives.As weve covered before, in the article 5 Steps to Negotiate College Tuition and Save Thousands of Dollars, the price for attending a specific school isnt set in stone, and financial aid packages can be adjusted by the institution.But, negotiating takes time, and your child might not know what their tuition and financial aid will look like right away. In these cases, some students choose to place double deposits so they can continue that process and then select the school that presents the best terms.One Alternative to the Double DepositOne solution is to ask the admissions office for an extension. Having your child call the admissions offices at both schools to let them know you are waiting for the results of a financial aid appeal could result in adepositextension. This actually isnt uncommon as many admissions offices will grant an extension for that reason though it isnt guaranteed.W hen Being Wait-Listed Affects Their College DecisionWhen your child is placed on a waitlist, there is no guarantee that they will be able to enroll until the students that were initially accepted make their college decision. This is particularly problematic when your child is wait-listed at their first-choice school but is essentially left in the lurch.When this happens, some students choose to make double deposits, one at their preferred school and another at a backup, so that, if they dont have a chance to enroll at their first-choice school, they have somewhere else to go.A Question of EthicsThere is a lot of debate surrounding the ethical implications of double deposits during college decision time. Some argue that placing two deposits may deny another student entry into a school since the space is effectively reserved for your child.Others say it isnt fair to the school that isnt chosen since they might not have a student actually fill that spot. Additionally, it makes it hard for them to anticipate exactly how many students will be in the incoming class.However, the vast majority dont consider a double deposit unethical in the case of students who are wait-listed at one school and want to hedge their bets. Since they often wont know before college decision time arrives whether they will be accepted to their preferred school, it is considered an accepted practice in that scenario.Legal ImplicationsAnother point to consider is whether double deposits are actually legal, regardless of the reasoning behind committing to two schools during college decision time.For example, the language on the Common Applications signature page says that the student agrees only to place one deposit (though the wait-list scenario is a typically accepted exception).Specific language barring double deposits may not be present on every schools application, though it doesnt hurt to check before your student uses double deposits as a means of giving them more time to consider their college decision.There is no clear information that a student has ever been penalized for placing double deposits during college decision time, though it is important to understand that there might be legal ramifications for taking that approach for any reason aside from your student being wait-listed at an institution.Guidance to High SchoolsThe College Board actually recommends school administrators intervene if they think a student is making a double deposit to delay their college decision based on the assertion that it is unethical, deceitful, and unfair.One particularly startling recommendation is that schools institute a policy of sending each students final transcript to only one college.While students who are wait-listed would likely be exempt from such a policy, it is important to realize that your childs high school may support that approach.Its unclear how many high schools actually have a policy limiting the sending of final transcripts to a single college. Additionally , it may be difficult to determine whether your childs school has such restrictions if it isnt published publicly or otherwise easily accessible. But its important to know that such policies may exist, so using a double deposit to delay a college decision might not work well depending on where your child goes to high school.College Decision Time is Coming Up Fast Lets face facts; making a college decision is hard for students.Typically, they have limited information about what their life will be like at the school, and it can take a significant amount of time to determine which option is best for them.If your child has been wait-listed at their top choice school, their college decision may be even harder, particularly if they have to put down a deposit without their ability to enroll being guaranteed.Some students who are torn about their college decision turn to an approach called double deposits to help them gain more time to choose, hedge their bets when they are wait-listed, or to get extra time to negotiate financial aid.But, are double deposits the right approach when there are conflicted about their college decision? Heres what you need to know.What Are Double Deposits?Double deposits involve a student putting down a deposit at two different schools. While your child obviously cant attend classes at both, it is an approach that can buy a student time when they are struggling with their college decision.Its important to understand that most deposits are non-refundable, so using this to buy some time before making a college decision can be costly. However, there are situations where it can be a smart move.When Your Child is Struggling to Make a College DecisionIt isnt uncommon for students to struggle when it comes to making a college decision. After all, its a big commitment and plays a substantial role in how their future will play out.If your child is torn between two schools, a double deposit gives them an opportunity to secure their place at more than one institution. Then, they can gather more information and make a final selection before the school year begins.When Financial Aid and Tuition Arent Fully SettledSometimes your students financial aid and tuition wont be fully settled when college decision time arrives.As weve covered before, in the article 5 Steps to Negotiate College Tuition and Save Thousands of Dollars, the price for attending a specific school isnt set in stone, and financial aid packages can be adjusted by the institution.But, negotiating takes time, and your child might not know what their tuition and financial aid will look like right away. In these cases, some students choose to place double deposits so they can continue that process and then select the school that presents the best terms.One Alternative to the Double DepositOne solution is to ask the admissions office for an extension. Having your child call the admissions offices at both schools to let them know you are waiting for the results of a financial aid appeal could result in adepositextension. This actually isnt uncommon as many admissions offices will grant an extension for that reason though it isnt guaranteed.When Being Wait-Listed Affects Their College DecisionWhen your child is placed on a waitlist, there is no guarantee that they will be able to enroll until the students that were initially accept ed make their college decision. This is particularly problematic when your child is wait-listed at their first-choice school but is essentially left in the lurch.When this happens, some students choose to make double deposits, one at their preferred school and another at a backup, so that, if they dont have a chance to enroll at their first-choice school, they have somewhere else to go.A Question of EthicsThere is a lot of debate surrounding the ethical implications of double deposits during college decision time. Some argue that placing two deposits may deny another student entry into a school since the space is effectively reserved for your child.Others say it isnt fair to the school that isnt chosen since they might not have a student actually fill that spot. Additionally, it makes it hard for them to anticipate exactly how many students will be in the incoming class.However, the vast majority dont consider a double deposit unethical in the case of students who are wait-listed at one school and want to hedge their bets. Since they often wont know before college decision time arrives whether they will be accepted to their preferred school, it is considered an accepted practice in that scenario.Legal ImplicationsAnother point to consider is whether double deposits are actually legal, regardless of the reasoning behind committing to two schools during college decision time.For example, the language on the Common Applications signature page says that the student agrees only to place one deposit (though the wait-list scenario is a typically accepted exception).Specific language barring double deposits may not be present on every schools application, though it doesnt hurt to check before your student uses double deposits as a means of giving them more time to consider their college decision.There is no clear information that a student has ever been penalized for placing double deposits during college decision time, though it is important to understand that there might be legal ramifications for taking that approach for any reason aside from your student being wait-listed at an institution.Guidance to High SchoolsThe College Board actually recommends school administrators intervene if they think a student is making a double deposit to delay their college decision based on the assertion that it is unethical, deceitful, and unfair.One particularly startling recommendation is that schools institute a policy of sending each students final transcript to only one college.While students who are wait-listed would likely be exempt from such a policy, it is important to realize that your childs high school may support that approach.Its unclear how many high schools actually have a policy limiting the sending of final transcripts to a single college. Additionally, it may be difficult to determine whether your childs school has such restrictions if it isnt published publicly or otherwise easily accessible. But its important to know that such policies ma y exist, so using a double deposit to delay a college decision might not work well depending on where your child goes to high school.College Decision Time is Coming Up FastIn most cases, your student will need to make a college decision by May 1, so that moment is coming up fast.Using a double deposit as a means of delaying when they have to make a choice is certainly an option, but, unless one of the deposit is going to a school where they are wait-listed, there are risks involved in going that route.Ultimately, communication is key when it comes to these situations. It never hurts to ask admissions for an extension or ask if you could get your deposit back depending on their financial aid decisions or other reasons.Still, its a personal choice whether your child should use a double deposit when they are struggling to make a college decision. But, now you know the potential risks and rewards, ensuring that, whatever action your child takes, it is a well-informed one.And if you are still trying to figure out how to pay for college, sign up for ourfree college scholarship webinar. You may be surprised but there are TONS OF scholarships still available. Our free training is a great way to learn how to secure these scholarships.Did you find this helpful? If so,share it with your friends and familyso they dont forget anything eitherRelated Articles:Helping Your Child With Choosing the Right CollegePaying for College Part 6: Taking Control of Living Expenses in College

Coca-cola Company Mission, Vision, Its Swot Analysis - 2750 Words

Coca-cola Company: Mission, Vision, Its Swot Analysis (Research Paper Sample) Content: Name of the studentStudent identification numberUniversity affiliationName of professorCourse TitleDue DateRunning head: Coca-Cola CompanyIntroductionCoca-cola Company is one of the biggest company's or corporations in the United States and not only in the United States of America but the entire world. The Company was founded in the year 1886, by the one John S. Pemberton. It is a beverage Company which owns or licenses more than 500 non-alcoholic beverage brands (Armus, S. (2005). The primary purpose of operation for the company serves primarily sparkling beverages but also it offers as well as being involved in a wide range of still beverages such as Juices, Water, Ready-to-drink teas and coffees and also different sports drinks.From its early years, the company has undergone various innovations and advancement for it to become the pride of the world regarding beverages. Some of these innovations are the six-bottle carton and steel 12-ounce cans (Armus, S. (2005). O n addition to these, the company has from the past years made some progressive advancement like expanding internationally.From its day one operation up to today, the company has been in operation for 127 years hence being one of the biggest and largest beverage companies in the world with its headquarters being in Atlanta in the United States. Apart from production, the Coca-Cola Company is also engaged in distribution and marketing of the non-alcoholic beverage and syrup products. To ascertain that the company is one of the largest in the world, it has over 3,500 products, and it serves over 200 countries, and some of its brands include the Coca-cola drink, Sprite, Fanta, Dasani Water, Minute Maid juice and the Vitamin Water.To enhance easy and faster distribution and marketing of its products the Company has also been able to partner with more than 250 bottling companies worldwide (Armus, S. (2005). This has made it possible to reach many continents in the world like the Europe, North and South America, Africa, and other different parts of the world.Mission, vision and primary stakeholdersThe world is always changing meaning there is a significant challenge in operating a business hence without proper planning and strategies, it means that the firm can not dominate the business. The company must look ahead, have a focus, understand its environment, and work together with the people surrounding the business so as to move swiftly in preparing for what to come.In planning for the future of the corporation, the company came up with a mission and vision. It aimed to create a long-term destination of the Coca-Cola Company and also providing the management of the Company with a roadmap for winning together with the company's bottling partners, consumers and other stakeholders through ensuring unity and concern for each party.The mission of Coca-Cola Company is enduring, and it declares the primary purpose of the existence of the Beverage Company and it also serves as the standard measure in which the company weighs its decisions and actions. Through the mission, the Company has been able to refresh the world with its beverages since when they operate under the guidelines and the standard measure of the mission, they have been able to produce high-quality products in whom they meet the needs and wants of its consumers at their comfort. Through the mission also the company through its beverage products, it has been able to inspire moments of optimism and happiness not only to the entire company but also to its esteemed customers and drink consumers worldwide hence being able to achieve the business's goals which are guided by its mission statement. Lastly, through the mission, the company has been able to create value and make a different as compared to its competitors like Pepsi Company and Nestle company by offering unique products.The company has a vision which has impacted its operations and prosperity in the market for the over 100years i n operation. The vision serves as the framework for the corporation's Roadmap and guides every aspect of the organization's business by giving guidelines on what needs to be accomplished to continue achieving sustainable and quality growth. Through the company's vision, the company has been the best place for every employee to desire working for since it aims at inspiring staff so as to get the best out of them. Also through the vision, the company has been able to bring to the world a portfolio of quality beverage brands that anticipate and also satisfy people's desires and needs.Since the vision plans for the company to nurture a winning network of customers and suppliers, this has been made possible hence creating mutual and enduring value between the business and the clients of the company's products and suppliers.On the other hand, the company's primary stakeholders have had a great role in impacting the success of the enterprise. In engaging the corporation's major and diverse stakeholder in long-term dialogue provides an important input to the business that informs the firm's decision making and also it helps the company continuously in improving and making progress towards the achievement of its 2020 vision sustainability commitments.Through the engagements, the company can understand the market gap as well as addressing the pressing global challenges through bringing together the expertise, knowledge, and passion for many organizations and individuals. This approach by the company has made it possible for them to achieve far greater positive impact on environmental, social and other issues which couldn't have been possible to make through working alone.Five force of competition and their implications to the Coca-Cola CompanyThe five forces model framework was introduced by porters which attempt to analyze the level of competition within an industry and also it acts as a business strategy development. The same pattern can be used to examine the coca-co la industry environment.Industry rivalryThe rivalry under this industry is mainly made of Coca-Cola Company and Pepsi who hold a vast majority of the market share and other competitors who own a little share in the market. Due to this, the rivalry is relatively small because the only serious competing industries are two in the whole world. The competition is therefore not achieved on the pricing of products but mostly through advertising since they compete only to differentiate their brands from one another with an aim to gain some more market share.The threat of new entrantThis is very low in the beverage industry because of the well-established brands which already exists. It's very hard for new entrants to compete with the likes of Coca-Cola Company and also Pepsi because they have already established and captured the entire market as well as creating a strong customer loyalty hence making it hard for other entrants emerging making it easy for the coca-cola company to dominate th e market.Threats from suppliersWhen there are few substitutes of the inputs, then the providers or suppliers can charge high prices which in turn could be costly for the Coca-Cola Company since they will have to raise their prices which could drive away their customers. But the raw materials for soft-drinks are very necessary hence the power of suppliers is very low hence the suppliers cannot switch costs anyhow. Therefore the threat of vendors' remains low in the Coca-Cola Company helping the company to maintain its competitive advantage.Threat from buyersThe bargaining power of buyers is high because margins for this industry are small, and the consumers buy in bulk. This is because there are similar products, the customers can choose from the brand they wish therefore being a challenge to the coca-cola company in establishing loyalty and maintain standard prices for its products so as to remain competitive.The threat of substitutesThe presence of the goods outside of the realm of the typical product boundaries improves the propensity of customers to switch to alternatives. This kind of threat has been high in Coca-Cola Company since there are alternative beverages in the market. Since the prices of the substitute products are the same as coca-cola products, the threat remains high hence the company is kept at a task of using radical advertising campaigns to create differentiation between coca-cola brands and those substitute products.SWOT Analysis for Coca-Cola CompanyStrengthsOne of the strengths of the company is its valuation. It is classified one of the most valuable enterprises in the world valued at 79.2 billion dollars.The other strength is its largest market share. In the entire world, the only well-known beverage companies are Pepsi and Coca-Cola therefore the coca-cola company possesses a high market share in the whole world. The company also enjoys a great strength of customer loyalty since most of its products have a huge fan following. People a nd consumers from different regions of the world will always prefer soft drinks from coca-cola over others. Lastly, the company enjoys fantastic marketing strategies which no other company can attain. The company always tries to win people's heart, and it targets people of all age.WeaknessesThe coca-cola company first weakness is the competition from Pepsi Company. Pepsi acts as a thorn in the flesh of Coca-Cola Company since it could have been a clear market leader if not of the contest from Pepsi. Another weakness faced by Coca-Cola Company is that there is cheap product diversification like it has been in Pepsi where Pepsi has diversified to snacks segment which creates more revenue for them.There is no health beverage hence this becomes another weakness to the company. People who are the consumers are taking measures to ensure that they are not obese, and one of the re...