Saturday, January 18, 2020
Introduction To Financial Management
Define the terms finance and financial management, and identify the major sub-areas of finance. Finance is the study of applying specific value to things individuals own to include services used and decisions determined [Finance by Cornett, M. M., Adair, T. A., & Nofsinger J. (2014). M: Finance (2nd ed.)]. In simple words, finance is how much value is attributable to goods and services and the basis of such attribution. Financial management may be defined as the management of the finances of a business or an organization in order to achieve the financial objectives. It includes creation, effective utilization of funds to ensure the smooth functioning of the business. It encompasses planning, administration and controlling. The various sub areas of finance are:1.Investments ââ¬â deals with deciding on what kinds of securities/bonds the company can buy.2.Financial management ââ¬â management of finances to ensure that the financial objectives are reached 3.Financial institutions and markets ââ¬â these two sub areas facilitate the raising of capital funds by the company.ââ¬Å"What are the three basic forms of business ownership? What are the advantages and disadvantages to eachâ⬠(Cornett, Adair, &Nofsinger, 2014, p. 21)? The three basic forms of business ownership are sole proprietorship, partnership and corporation. A sole proprietorship is where the business is run by a single person. The advantages of this form of ownership are as follows: â⬠¢This is the easiest form of business to startâ⬠¢This is affected least by regulations â⬠¢There is no question of share of profits. The owner gets to retain the full share â⬠¢The profits are taxed only once as business income. The disadvantages of this form of ownership is as follows:â⬠¢The life of the company is limited to the life of the owner. There will be no continuity once the owner dies. â⬠¢The capital invested in the business is limited to the resources available with the ow ner. The scope of raising external finance is limited â⬠¢The owner undertakes the entire risk of the businessâ⬠¢The liability of the owner is unlimited and may extend to his personal assets also A partnership is that form of business ownership where more than one person work together based on an agreement to share the profits and losses.The advantages are as follows: â⬠¢More than one owner is there in business and hence the risk is shared â⬠¢Each partner will contribute capital and hence more capital will be available â⬠¢This is also relatively easier to start compared to a corporation â⬠¢The income from this type of ownership is taxed once as personal income The disadvantages of a partnership is as follows:â⬠¢The profits are shared between the partners. Hence, when compared to a sole proprietorship there is lesser profits â⬠¢Generally, the liability of the partners is unlimited (except in the case of a limited liability) â⬠¢ It is difficult to tr ansfer ownershipA corporation is a separate legal entity whose transactions and conduct of the business is separate from its owners. Corporations can borrow money, sue and be sued in its own name. The advantages of a corporation are as follows: â⬠¢The liability is limited to the amount paid on stock by the investor â⬠¢The corporation has an unlimited lifeâ⬠¢There is separation of ownership and management as the corporation is a separate legal entity â⬠¢Transfer of ownership is easy â⬠¢As a corporation, it is easier to raise capital from equity and debt marketThe disadvantages are:â⬠¢The agency problem arises as there is separation of management and ownership â⬠¢There is double taxation ââ¬â the business income is taxed in the hands of the corporate and the dividends is taxed in the hands of the shareholders as dividend incomeDefine the terms agency relationship and agency problem, and list the three approaches to minimize the conflict of interest resu lting from the agency problem. An agency relationship is where a principal hires another person (called an agent) to carry out the work of the principal in a fiduciary capacity. In case of a corporation, the board of directors who constituteà the top management are the agents elected by the principals (stockholders) to carry on the business. An agency problem is where there is a conflict between the agent and principal in terms of functioning and in terms of interest. There are many ways to minimize the conflict of interest. However the three most important are as follows:1.Ignore the challenge on hand:This is the least preferred way of resolving the problem. The stakeholders may resolve to ignore the problem on hand. The disadvantage is that the problem continues to remain a problem and is never solved. In this case, the problem may go out of control. 2.Monitor managerââ¬â¢s action:The shareholders may monitor the managementââ¬â¢s action closely to ensure that the situation is not going out of control. 3.Make managerââ¬â¢s take ownershipBy giving the managers a portion in the capital of the company in the form of say ESOP, the manager will also have a moral responsibility imposed on him to make decisions and act in the best interests of the company.ââ¬Å"Why is ethical behavior so important in the field of financeâ⬠(Cornett, Adair, &Nofsinger, 2014, p. 21)? A corporation is a type of ownership where the management is separated from the ownership. The shareholders are the owners who have invested their money in the form of equity capital. It is the managementââ¬â¢s responsibility to spend the money judiciously. Since the management is handling other peopleââ¬â¢s money, ethical behavior plays a very important role in the field of finance. Some of the many famous financial scandals are: (accounting-degree, 2013) â⬠¢Waste management scandal: This is a Houston based company which reported $1.7 billion fake earnings.â⬠¢Enron: This wa s a Houston based commodities, energy and service corporation where the shareholders lost $74 billion dollars. â⬠¢Worldcom scandal: A telecommunications company inflated the assets by as much as $11 billion. â⬠¢Tyco: New Jersey based swiss security company where the CEO and CFO stole $150 million and inflated company income by $500 million â⬠¢Satyam scandal: Indian IT services company falsely boosted revenue by $1.5 billion ââ¬Å"Does the goal of shareholder wealth maximization conflict with behaving ethically? Explainâ⬠(Cornett, Adair, &Nofsinger, 2014, p. 21). The most important goal of management is to ensure that there is maximization of shareholderââ¬â¢sà wealth. This means that over a long period of time, the value of the stock has to increase steadily so as to ensure maximum profits to the shareholders. However, there is always a question on whether the maximization goal conflicts with ethics.While the goal of wealth maximization is very important, it should not be done in an unethical way. The affairs of the company has to be conducted in such a way that it adheres to all government regulations, accounting principles and ethical standards. Examples of unethical ways to increase the wealth is window dressing, violating regulations, etc. All these cannot be cited as an excuse to ensure that the goal of maximization is reached. Introduction To Financial Management Define the terms finance and financial management, and identify the major sub-areas of finance. Finance is the study of applying specific value to things individuals own to include services used and decisions determined [Finance by Cornett, M. M., Adair, T. A., & Nofsinger J. (2014). M: Finance (2nd ed.)]. In simple words, finance is how much value is attributable to goods and services and the basis of such attribution. Financial management may be defined as the management of the finances of a business or an organization in order to achieve the financial objectives. It includes creation, effective utilization of funds to ensure the smooth functioning of the business. It encompasses planning, administration and controlling. The various sub areas of finance are:1.Investments ââ¬â deals with deciding on what kinds of securities/bonds the company can buy. 2.Financial management ââ¬â management of finances to ensure that the financial objectives are reached 3.Financial institution s and markets ââ¬â these two sub areas facilitate the raising of capital funds by the company.ââ¬Å"What are the three basic forms of business ownership? What are the advantages and disadvantages to eachâ⬠(Cornett, Adair, &Nofsinger, 2014, p. 21)? The three basic forms of business ownership are sole proprietorship, partnership and corporation. A sole proprietorship is where the business is run by a single person. The advantages of this form of ownership are as follows:â⬠¢This is the easiest form of business to start â⬠¢This is affected least by regulations â⬠¢There is no question of share of profits. The owner gets to retain the full share â⬠¢The profits are taxed only once as business income. The disadvantages of this form of ownership is as follows: â⬠¢The life of the company is limited to the life of the owner. There will be no continuity once the owner dies. â⬠¢The capital invested in the business is limited to the resources available with the owner. The scope of raising external finance is limited â⬠¢The owner undertakes the entire risk of the businessâ⬠¢The liability of the owner is unlimited and may extend to his personal assets also A partnership is that form of business ownership where more than one person work together based on an agreement to share the profits and losses. The advantages are as follows: â⬠¢More than one owner is there in business and hence the risk is shared â⬠¢Each partner will contribute capital and hence more capital will be available â⬠¢This is also relatively easier to start compared to a corporation â⬠¢The income from this type of ownership is taxed once as personal income The disadvantages of a partnership is as follows:â⬠¢The profits are shared between the partners. Hence, when compared to a sole proprietorship there is lesser profits â⬠¢Generally, the liability of the partners is unlimited (except in the case of a limited liability) â⬠¢ It is difficult to transfer ownershipA corporation is a separate legal entity whose transactions and conduct of the business is separate from its owners. Corporations can borrow money, sue and be sued in its own name. The advantages of a corporation are as follows: â⬠¢The liability is limited to the amount paid on stock by the investor â⬠¢The corporation has an unlimited lifeâ⬠¢There is separation of ownership and management as the corporation is a separate legal entity â⬠¢Transfer of ownership is easy â⬠¢As a corporation, it is easier to raise capital from equity and debt market The disadvantages are: â⬠¢The agency problem arises as there is separation of management and ownership â⬠¢There is double taxation ââ¬â the business income is taxed in the hands of the corporate and the dividends is taxed in the hands of the shareholders as dividend incomeDefine the terms agency relationship and agency problem, and list the three approaches to minimize the conflict of interest resulting from the agency problem. An agency relationship is where a principal hires another person (called an agent) to carry out the work of the principal in a fiduciary capacity.In case of a corporation, the board of directors who constituteà the top management are the agents elected by the principals (stockholders) to carry on the business. An agency problem is where there is a conflict between the agent and principal in terms of functioning and in terms of interest. There are many ways to minimize the conflict of interest. However the three most important are as follows: 1.Ignore the challenge on hand:This is the least preferred way of resolving the problem. The stakeholders may resolve to ignore the problem on hand. The disadvantage is that the problem continues to remain a problem and is never solved. In this case, the problem may go out of control. 2.Monitor managerââ¬â¢s action:The shareholders may monitor the managementââ¬â¢s action closely to ensure that the situ ation is not going out of control. 3.Make managerââ¬â¢s take ownershipBy giving the managers a portion in the capital of the company in the form of say ESOP, the manager will also have a moral responsibility imposed on him to make decisions and act in the best interests of the company.ââ¬Å"Why is ethical behavior so important in the field of financeâ⬠(Cornett, Adair, &Nofsinger, 2014, p. 21)? A corporation is a type of ownership where the management is separated from the ownership. The shareholders are the owners who have invested their money in the form of equity capital. It is the managementââ¬â¢s responsibility to spend the money judiciously. Since the management is handling other peopleââ¬â¢s money, ethical behavior plays a very important role in the field of finance. Some of the many famous financial scandals are: (accounting-degree, 2013) â⬠¢Waste management scandal:This is a Houston based company which reported $1.7 billion fake earnings. â⬠¢Enron: Th is was a Houston based commodities, energy and service corporation where the shareholders lost $74 billion dollars. â⬠¢Worldcom scandal: A telecommunications company inflated the assets by as much as $11 billion. â⬠¢Tyco: New Jersey based swiss security company where the CEO and CFO stole $150 million and inflated company income by $500 million â⬠¢Satyam scandal: Indian IT services company falsely boosted revenue by $1.5 billion ââ¬Å"Does the goal of shareholder wealth maximization conflict with behaving ethically? Explainâ⬠(Cornett, Adair, &Nofsinger, 2014, p. 21). The most important goal of management is to ensure that there is maximization of shareholderââ¬â¢sà wealth.This means that over a long period of time, the value of the stock has to increase steadily so as to ensure maximum profits to the shareholders. However, there is always a question on whether the maximization goal conflicts with ethics. While the goal of wealth maximization is very important , it should not be done in an unethical way. The affairs of the company has to be conducted in such a way that it adheres to all government regulations, accounting principles and ethical standards. Examples of unethical ways to increase the wealth is window dressing, violating regulations, etc. All these cannot be cited as an excuse to ensure that the goal of maximization is reached.
Friday, January 10, 2020
Forest Hills Case Study Essay
According to the case materials, Forest Hill Paper Company is classified as a small manufacturer, and one that is ââ¬Å"closely-held.â⬠This could lead one to believe that it is possibly a family-owned business, or at least managed very actively by a few people. Ownership must be very hands on and aware of the business from a micro and macro level. Therefore, we would classify the company as a small business and ownership is probably structured by one or a few people who are very involved. FHPC could be even be an S-corp, depending on further information. Forest Hill operates in a very cyclical industry, with upswings every three to four years, according to the case. This is due to customers buying a lot of paper during good economic times. Customers overbuy and are left with inventories of paper, and therefore donââ¬â¢t buy for a while until another economic boom occurs. Therefore, the industry is very much affected by the overall macro economy. The industry is also being affected in terms of a loss of market share, because there is a trend toward plastic and the use of more environmentally friendly grades of recycled paperboard. One could argue that the industry and market is mature, and even declining. Another aspect to consider about this industry is that it is one that has barriers to entry. The costs of starting a manufacturing company are high. It is not an industry with small capital outlay. Also, there are regulations in manufacturing which could keep competition from arising. We read in the case that Forest Hills is a small company competing against bigger companies in a commodity market. Therefore, FHPC has taken the strategy of differentiation. They have tried to offer a comprehensive amount of products and services, but are trying to stand out from the crowd by offering exceptional service and rapid responses to customer needs. Unlike the bigger companies, FHPC could develop more of a relationship with eachà customer, and take more time to listen to their needs and meet customer needs more efficiently. The strategy of differentiation shows their desire to create a niche based, not so much focused on innovation, but on customer service. Hopefully customers will appreciate the service, and want to continue business with FHPC as opposed to the bigger companies. There are many examples of complexities that drive overhead costs for FHPC. One of the complexities is that the company offers a variety of products, with some different processing for each product. We read that the company tries to manufacture products in an order that decreases costs, such as keeping similar processes together. Even so, the changes in process and equipment needed drive overhead costs up with so much variety in products and steps in the manufacturing process. Each time another product is added, or even changed slightly, costs are incurred and will drive overhead in terms of increased material costs or manufacturing costs. If Forest Hills is serious about meeting their customers individual needs, they also need to understand that each customer differential comes with greater overhead costs. The specifics of each customer desire causes complexity. We would also argue that another complexity of overhead costs is due to the cyclical nature of the business. There are times of large quantity of output, while other times production would be down as the demand decreases. This makes it difficult to predict and measure overhead costs, as the output of production varies. The management must truly try to understand their fixed and variable costs and how to balance times of boom and retraction appropriately and efficiently. Capturing Manufacturing Costs The current cost system allocates manufacturing overhead based on the amount of raw materials consumed in the production process. It applies the aforementioned overhead at a rate of $1.05, per $1.00 of raw materials consumed. Given the actual data gathered in exhibit 2, the rate appears to adequately account for the sum of overheads generated, as evidenced by the table below: Cost of a Grade Change FHPC produces 20 different grades of paperboard. Each grade is unique and the amount varies so some batches maybe very large and some quite small. The company practices lean manufacturing so successive batches of similar grades are grouped together in order to reduce waste. The cost of a grade change includes the following: depreciation, labor, energy, other and lost chemicals. Assume 4 grade changes in total from the information provided. Cost to Slit a Reel of Paperboard A parent roll of paperboard is 12 feet long. Food processors require widths of 18 inches. This means that three slits must be made to produce 3 ââ¬â 18â⬠rolls. Approximately 6 inches of waste is produced by creating 3 ââ¬â 18â⬠rolls. Only grade A and grade C are slit. A total of 85 reels are producedà each reel requiring 3 slits. A total of 255 slits are made. The overhead for slitting is $195,000 for slitting. The overhead rate per slit is $764.71. Assuming 3 slits per reel the total cost for slitting a reel is $2,294.12. Summary listed below. New Volume-based Overhead Rate If Forest Hill removes the overheads traceable to grade changes and slitting from total overhead, the application rate needs to be adjusted. An appropriate application rate for the remaining OH can be calculated by dividing the aforementioned OH by the sum of RM costs: Activity Based Costs ââ¬â Grades A-D If an activity based cost system were to be implemented, the parent reel costs (for the same level of activity indicated in exhibit 1) could be estimated as follows: Activity Based Costs and Volume Cost Percent Change Prepare a table that illustrates the percentage change in costs between the volume-based system and the strategic activity-based system. Conclusions and Recommendations What conclusions can you draw from your analysis? As a consultant to Forest Hill, what actions would you recommend? 12. The analysis above shows the concerns of management were accurate. The costs of A and C were understated because the costs related to the slitting operation were unfairly being allocated to other grades. Grades B and D do not consume any of the slitting department resources, thus should not be responsible for the absorption of said departmentsââ¬â¢ overhead costs. In addition, the economies of scale being generated by high volume sales were being unfairly distributed to low volume grades. This is evident in theà cost of grade B, which was previously only being allocated $140 of total grade change costs (grade change as a percentage of total OH, multiplied by total overhead allocated to grade B). Given that grade changes are only incurred if a grade is run, it makes more sense to allocate costs based on the actual number of a production runs, as opposed to how much material was consumed in a run, which has no bearing on the number of set-ups required.
Thursday, January 2, 2020
Disguise And Shakespeare s The Merchant Of Venice And...
The concept of disguise has been known and used since the beginnings of drama, but this concept was most famously known for being used in plays written by the biggest playwrights of the Elizabethan eraââ¬â especially for being used in William Shakespeareââ¬â¢s plays. What do we mean by disguise? In broad terms, it would mean pretending to be something that one is not. The concept of disguise can mean changing behavior, or hiding intentions, the most frequent form of disguise is the change of ones personal appearance, usually through the changing of clothes, to mask ones true self. Shakespeare used disguises in various ways in his plays; As You Like It, Measure for Measure, The Merchant of Venice, and Twelfth Night were all plays in which Shakespeare used the concept of disguise as a device to further the plot, it was sometimes even used for comic relief. Disguises can be used both maliciously and/ or morally, depending on its use and its influence on the characters. In both Me rchant of Venice and Measure for Measure, both Portia and Duke Vincentio donned a disguise to pursue justice how they saw morally fit, but ultimately their deception was only for selfish gain; Portia disguises herself to save a friend, and Vincentio disguises himself to know the true feelings of his subjects, both manipulate the law in the name of justice while in their disguises. In The Merchant of Venice, the concept of disguise was briefly used by Jessica, Shylocks daughter, to escape her fathers home toShow MoreRelatedGender Roles And Roles Of William Shakespeare s The Merchant Of Venice 1837 Words à |à 8 Pagesreflected in Shakespeare. What sets Shakespeare apart is the fact that he also challenges, and at times even breaks down those stereotypes especially in his comedies. Hamlet may proclaim ââ¬Å"Frailty thy name is womanâ⬠, but even the merest of character analyses of Portia in The Merchant of Venice, or Viola in The Twelfth Night conclusively proves that they are anything but. In this paper we begin by examining the prevailing gender stereotypes in Elizabethan England. Taking The Twelfth Night as the basisRead More Cross-dressing in Twelfth Night, As You Like It, and The Merchant of Venice3276 Words à |à 14 PagesCross-dressing in Twelfth Night, As You Like It, and The Merchant of Venice Any theatrical performance requires a two-fold exchange. The performers must act in such a way as to engage the audience and draw them into the story of the stage. However, the audience itself must yield to the imagination, allowing at times the irrational to take precedent over rational expectations. This exchange between performers and audience creates the dramatic experience; one cannot exist without the otherRead MoreSatire : The Fundamental Function Of Satire1644 Words à |à 7 PagesPrior to this, the early part of the seventeenth century in England saw the rise of a realistic mode of comedy based on a satiric observation of contemporary manners and customs. Its purpose was didactic: to expose the shortcomings and folly of society s ways. Comedy during the Renaissance was attributed to Cicero, according to Jonson in Every Man Out of his Humour (1599). It was an imitation of life and an image of truth. [7] Following this, the late nineteenth century offered farce as the comicRead MoreShakespeare s Twelfth Night ( C. 1600-01 )2907 Words à |à 12 PagesINTRODUCTION Twelfth Night (c. 1600-01) is a complicated play which deals with the nature of love, gender role and the intricate comic and tragic experiences of love. The characters have multiple layers of gender roles and sexual attractions which makes the issue of gender identity more complex. For example, Viola, the heroine of the play is dressed as a male, Cesario, throughout most of the play. As a male, Viola woos Olivia for Orsino, resulting in Olivia falling in love with Viola-as-Cesario.Read MoreWilliam Shakespeare s Twelfth Night3153 Words à |à 13 PagesThroughout Twelfth Night, or What You Will, Shakespeare challenges the notion of the heteronormative social standard of 1601, when the play was performed. The comedy is Shakespeareââ¬â¢s only play to have two titles, and is titled in reference to the Elizabethan nativity, or the twelfth night of the Christmas celebration. Circa 1600 during the reign of Elizabeth I, this holiday was celebrated as a festival in which everything was tu rned upside down, much like the innately chaotic world of Illyria, inRead MoreThe Elizabethan Er An Important Form Of Entertainment And Occupation For The Elizabethans2132 Words à |à 9 PagesINTRODUCTION Elizabethan Era was the time when drama became an important form of entertainment and occupation for the Elizabethans. Shakespeare stands as a colossus in the English literary arena and his plays are considered as the greatest writings. These plays are rich and are suggested works for pursuing womenââ¬â¢s studies and gender ideologies. His plays depicted the social status and responsibilities of women in the society. He seemed to support the English renaissance stereotypes of men and women
Wednesday, December 25, 2019
Ebola Emergency Response Strategy Analysis - 1279 Words
Ebola Emergency Response Strategy Introduction Community is an interconnected group of persons living in a given locality. Communities have identical social pattern. Public health awareness is an aggregate obligation of the entire society. Ebola can be managed by the assertion that the community holds that they are together and have been hit by a common catastrophe (Winkworth 5). Community can be organised into well-defined groups in order as to achieve the health objective. The use of Laveracks approach therefore is a reliable strategic approach, which can be used to implement community health programs in the fight of Ebola. Laverackââ¬â¢s strategic approach Laverack developed a five-continuum of community empowerment. These continuums have, however, been widely used in Australia during emergency times, where they proved effective. They include: personal action, small groups, community organization, partnership and social and political action (Laverack 63). The continuums are built on the basis of community empowerment. The continuums can be used effectively in the management of Ebola by ensuring participation of every element in the community in ascending order. Ebola is a lethal pandemic, it requires an efficient strategy built from the basic foundation of the community and therefore the bottom-up built on Laveracks approach is more effective as discussed below. Personal action Laverack described the approach of personal action as the building of greater sense ofShow MoreRelatedEbola Outbreak Of West Africa1655 Words à |à 7 PagesIntroduction In the late 1970s, the international community was alarmed by the discovery of the Ebola virus. (Schwarz and Siegl, 1996) It was the ââ¬Ëcausative agentââ¬â¢ (Peters and Peters, 2015) of EHF (Ebola hemorrhagic fever). Ebola stems from a virus family know as Filoviridae. The virus targets various parts of the body causing a critical sickness of fever, diarrhoea, vomiting and in severe cases bleeding. However, infections do not always lead to death. ââ¬ËIn previous outbreaks, 40-90% of known infectionsRead MoreApplication Of Theories : Part 11794 Words à |à 8 Pagesgood crisis communication will be explored. Being Proactive Preparing to deal with the media allows critical response time to be dedicated to responding to the crisis, not trying to figure out what will be distributed to the media. Early preparation should not only be focused upon obvious vulnerabilities. The more comprehensive the list, the more timely and complete a media response will be. A key component of being proactive is having one individual identified to lead the group to address theRead MorePreparedness Is A Global Threat2596 Words à |à 11 Pagesfires, floods, hurricanes, earthquakes, flu, or Ebola can wipe away an entire nation in a short span of time. The United States, like all countries, faces many threats with the potential for large-scale health consequences, including disease outbreaks, natural disasters, and terrorist attacks, just to name a few. The most recent cases were Hurricane Katrina in 2005 and super storm Sandy in 2012 which had devastating effect of the nationââ¬â¢s population. Ebola, a global concern is another area where livesRead MoreEbola Epidemic : A Deadly Disease Caused By Five Different Strains Of The Ebola Virus3860 Words à |à 16 PagesHistory The Ebola Haemorrhagic Fever is a deadly disease caused by five different strains of the Ebola viruses. Whilst the Reston virus only causes illness in animals, the rest cause severe illness in humans and animals (Stanford Edu, 2014). The Ebola virus was discovered in 1976 in the Congolese rainforest in central Africa, by a young Belgian scientist named Peter Piot (BBC News, 2014). Piot discovered the first known strain of Ebola, known as Ebola ââ¬â Sudan (SUDV). Ebola-Sudan was discovered inRead MoreIdentifying The Structural Violence And The National Security Problems, Destabilizing Economies And Regimes, And But Threatening International Essay2249 Words à |à 9 Pagesstate, over a long period of time that have led to inequalities in the health systems and can lead to human insecurity. However, human insecurity and lack of these key resources can lead to destabilization of the state (conflict). At the advent of the Ebola epidemic in West Africa, many experts asked why these nations were unable to identify and contain the spread of the disease early on and why was the international community slow to respond. It is my view that any developing country (especially fragileRead MoreTerrorism Is Just A Terrible Thing?1575 Words à |à 7 Pagesstrengthening liaisons with local, state, and federal agencies, including fire departments, EMS departments and other agencies. Also to address terrorist threats, including attacks with weapons of mass destruction, refining their emergency response plans and training tactics. Another strategy is shoring up barriers around ports of entry, landmarks, transit systems, landmarks, nuclear power plants, and also increasing patrol. Tactics such as heavily guarding parades, public speeches, and other public events andRead MoreRisk, Crisis And Disaster Management2407 Words à |à 10 Pagesvisited area. (Rooney, 2007). Risk Management of some local governments globally have failed to prevent the spread of infectious diseases such as the swine flu and Ebola. This has impacted the tourism industry greatly as tourists will not travel to infected areas as they do not feel safe. An article by Cox, 2012, discusses risk analysis and argues that risk must be assessed in order to know how negative it has been affecting the sector. The following are the risk assessment steps that he providedRead MoreGlobal Health Agendas And Domestic Government s Health Policies2137 Words à |à 9 Pageshealth agendas and domestic governmentââ¬â¢s health policies. Recipient countries are encouraged to claim ownership for development strategies, and one way is through Poverty Reduction Strategy Papers (PRSP). These papers would be published and submitted to the International Monetary Fund (IMF) or World Bank every few years detailing where a country has come from and its strategy in the short or medium term to reach poverty reduction goals. The PRSP goals for both countries are aligned with the MDGs. HoweverRead MoreCis 509 : Case Study3438 Words à |à 14 Pages Using analytic methods, payers can better budget for contracts with partnering providers. Payers are using data-driven investigations to drive major costs down. An insurance company can use data analysis to detect potential areas for savings. In his book The New Era of Healthcare: Practical Strategies for Providers and Payers Emad Rizk, MD, calls for economic alignment of the payer-provider relationship. The two parties should be negotiating contracts that clearly outlines the cost of service inRead MoreObligations, Interventions, Peacekeeping : Exploration For A New Mandate2055 Words à |à 9 Pagesthese very elements fuel the acceleration of indiscriminate violence. To fully comprehend the dynamics of intrastate violence amongst various parties in a conflict, specifically conflicts that have multiple dynamic levels and layers of violence, any analysis needs to involve the measurement of diverse indicators such as the movement of actors, poverty and high population growth, resource scarcity, discrimination, disempowerment of minorities and other groups in society, military threats, and sources
Tuesday, December 17, 2019
Chapter Two. Literature Review. 2.1 Employee Training And
CHAPTER TWO LITERATURE REVIEW 2.1 Employee Training and Development Overview: (Kum, F.D. etc., 2014). indicated that Training and development is a critical process, which seeks to improve the performance of workers in the organization. In order to form competent committees, employeesââ¬â¢ relevant expertise and intellectual capacity needs to be improved. Some of the projects executed by ESCON fail at an embryonic stage owing to the fact that tenders are awarded to the lowest priced contractor. Moreover, the ineffectiveness of training and development of employees in the organization reduces the organizationââ¬â¢s productivity, as organizations depend on having people with the right skills, attitudes and capabilities in order to reach goalsâ⬠¦show more contentâ⬠¦This literature review based article presents different viewpoints of various authors regarding the significance of training development for employee performance and organizational effectiveness. Obsolescence among the employees and the need to adapt to the technological, organizational and social changes make continuous learning and updating of skills indispensable for an organization. Firms need to manage training programs more effectively so that they can get the highest returns from their investment. Human capital is an important asset for organizations under intense competition. Training and Development function enables human capital to unleash their dexterity. A profound training program acts as a vehicle to enhance employee skills and enable them to perform better in their job. Training and development is very crucial to the employees, the organization and their effectiveness. (Falola, H.O. etc., 2014). said that Training and development is indispensable strategic tool for enhancing employee performance and organizations keep increasing training budget on yearly basis with believe that it will earn them competitive edge. The main objective of this study is to examine the effectiveness of training and development on employeesââ¬â¢ performance and organization competitive advantage in the Nigerian banking industry. Descriptive research method was adopted for this study using two hundred and twenty three valid questionnaires which were completed by selected banks inShow MoreRelatedBuilding Information Modelling And Management Techniques Improved Organisational And Employee Performance Essay1267 Words à |à 6 Pages Research Paper ââ¬ËHow BIM affects a construction managerââ¬â¢s role and through management techniques improved organisational and employee performancesââ¬â¢ 6106BEUG Business Management 623963 Word Count - 1500 i. Abstract Building information modelling (BIM) is a new technology that is undoubtedly reshaping the construction industry as we know it. BIM is designed to change the way in which we communicate. The biggest construction industry client is the government. They back the use of BIM on projectsRead MoreThe Factors That Affect Business1644 Words à |à 7 Pagesand provide new literature for the undertaking study. Scope of this study will assist several business operators to recognize the factors that affect their business and allow them to be a part of the study and providing basic information. In current time period new entrepreneur are not much aware about the business external environment and also not know how to design business strategies by considering all business environmental dimensions. It is also clear that most of the employee those are workingRead MoreKey Theories Of An Organization1333 Words à |à 6 Pages CHAPTER TWO LITERATURE REVIEW 2.0 Introduction From ancient times, the purpose of establishing an organization is to achieve certain goals and objectives. The manager has a function to play in attaining of set goals which cannot be underestimated with the increased society complexity and size increase of organization. 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Sunday, December 8, 2019
Oedipus Rex Tragedy of Fate Essay Example For Students
Oedipus Rex: Tragedy of Fate Essay Oedipus Rex: Tragedy of FateOedipus the King is widely regarded as a tragedy of fate. Brieflystated, it begins with a terrible plague that destroys the city. King Oedipussends a messenger to the oracle at Delphi to find a cure. The answer that isreceived suggests to find out who the killer of King Laios was. Oedipus sendsfor the prophet Teiresias, who after much arguing, finally reveals that Oedipushimself is the murderer. Slowly but surely the history of Oedipus situationbegins to unravel, and it is discovered that there was a prophecy made that hewould unwittingly kill his father and marry his mother; Oedipus fulfilled hisprophecy. The conflict here lies with the struggle between the all powerful godsand the mere will of the humans. The prophecy had been made about Oedipus assoon as he was born. Once the destiny was foretold by the gods, no amount ofhope, faith, or vain effort by human beings could have prevented it. As soon as there was interference with fate, it was counteracted by thedivinities. Jocasta wanted to kill the baby, so she skewed his legs together,had a servant bring him to the forest and leave him for dead. The servant doesnot want to carry out this deed and therefore saves his life by handing thebaby to someone else, so that he can be raised in another city. Further, adrunken man in a tavern tells Oedipus about the prophecy, so he runs home toquestion his parents about his fate. Instead of telling him the truth, theygive him the impression that they are in fact his biological parents. The idea that must be pointed out here, is that once an oracle or aprophet makes a prediction, it is destined to be and there is absolutely nothingthat can be done about it. Oedipus was highly regarded as a noble and honorableking. However, if we explore beneath the exterior, we will discover that inactuality, the King has many faults and is not so honorable and noble. Oedipus seems to be driven by an unconscious rage. Being very shorttempered, he is quick to lash out at those whose opinions are different from his. The first episode appears within the first few minutes of the play. WhenTeiresias refuses to tell him who murdered King Laios, Oedipus becomes unjustlyenraged, which in a way suggests that he himself could have committed the murder. He then proceeds to insult Teiresias violently. Teiresias is finally provokedinto telling Oedipus the truth; that he is responsible for the death of KingLaios. Oedipus then accuses him of lying and conspiring with Creon against him. As the story continues, we see how Oedipus is easily irritated by a fewwords from a drunken man in a tavern. This once again shows his short temper. Ironically, it was those words that sent him off to fulfill the prophecy in thefirst place. On his way out of Corinth, we catch a glimpse of another volatileexplosion. He becomes involved in a scuffle with a band of men at a crossroad. In his fit of unleashed anger, he attacks and kills the men, not knowing thatone of the men is King Laios. The problem with Oedipus seems to lie within his internal characterstructures. He is full of anger and rage that is expressed as quickly as it isforgotten. Oedipus is stubbornly resistant to the full details of the story,always attributing these events to mere coincidence. His ignorance comes fromhis fear of the appalling horror of the possible truth and its devastatingimplications. .ucc301f9aceaaa5042f7db89a7f1024b7 , .ucc301f9aceaaa5042f7db89a7f1024b7 .postImageUrl , .ucc301f9aceaaa5042f7db89a7f1024b7 .centered-text-area { min-height: 80px; position: relative; } .ucc301f9aceaaa5042f7db89a7f1024b7 , .ucc301f9aceaaa5042f7db89a7f1024b7:hover , .ucc301f9aceaaa5042f7db89a7f1024b7:visited , .ucc301f9aceaaa5042f7db89a7f1024b7:active { border:0!important; } .ucc301f9aceaaa5042f7db89a7f1024b7 .clearfix:after { content: ""; display: table; clear: both; } .ucc301f9aceaaa5042f7db89a7f1024b7 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ucc301f9aceaaa5042f7db89a7f1024b7:active , .ucc301f9aceaaa5042f7db89a7f1024b7:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ucc301f9aceaaa5042f7db89a7f1024b7 .centered-text-area { width: 100%; position: relative ; } .ucc301f9aceaaa5042f7db89a7f1024b7 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ucc301f9aceaaa5042f7db89a7f1024b7 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ucc301f9aceaaa5042f7db89a7f1024b7 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ucc301f9aceaaa5042f7db89a7f1024b7:hover .ctaButton { background-color: #34495E!important; } .ucc301f9aceaaa5042f7db89a7f1024b7 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ucc301f9aceaaa5042f7db89a7f1024b7 .ucc301f9aceaaa5042f7db89a7f1024b7-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ucc301f9aceaaa5042f7db89a7f1024b7:after { content: ""; display: block; clear: both; } READ: Living Thing Biology EssayThe question of morality surfacing leads one to sympathize with Oedipus. How could the gods be so cruel? How could this be justified by simply sayingthat it was the work of fate? Was it in fact fate to begin with? Thesequestions and many more like it have been raised countless times. Few concreteanswers have been found, and there is much debate over even the slightest points. A conclusion that can be drawn, is that the plot of Oedipus the King wasentirely predestined. The characters and circumstances surrounding the eventswere all simply instruments of fate which nobody could prevent or alter. Ultimately, Oedipus cannot be held responsible for his actions, because fate wasimmutable from the outset. It may not have been fair, kind, or just, but thefuture was preordained and irrevocable. English
Sunday, December 1, 2019
To what extent do you agree with this statement Essay Example
To what extent do you agree with this statement? Paper Mercutio is one of the plays funniest characters that always has something to say or to joke about. Right from where we first start to get to know Mercutio we can see that he is a humorous character, constantly talking and joking, mostly about sex. At the beginning of the play we meet Mercutio at a party held at the Capulets house. We immediately see that he is sick of Romeo acting in a lovesick manner towards Rosaline and basically tells him to forget about her and go and have sex, If love be rough with you, be rough with love: Prick love for pricking, and you beat love down. Mercutio is so sick of the way Romeo is acting that he later teases Romeo calling him a liar and saying that dreamer often do lie. When Romeo changes this comment about and says that dreamer do lie, but they lie in bed whilst dreaming things true, Mercutio must have seem a challenge for a battle of the wits and he starts of on a huge, impressive speech using his wit, poetic talent and great mind to prove his po int to Romeo. Sometimes she gallops oer a courtiers nose and then he of smelling out a suit. Oer ladies lips, who straight dream on kisses dream Oer lawers fingers, who straight dream on fees;.. Mercutio is almost always talking about sex, changing some of the most innocent things into sexual references. Sometime his rude sense of humour doe not score him point with his friends or the people around him but other time it is appreciated as he brings light and laugher to somewhat depressing conversations. Mercutio uses a lot of puns and paradoxes in his speaking but that occurs in most of the characters in Shakespear, he is lively and is not afraid to speak his mind. When they meet the maid he openly calls her a hoar and ugly. When she asks for her fan he says: Good Peter, to hide her face, for her fans the fairer face. Even when he is dieing Mercutio stays witty and its not until to late that we realise he is really dieing. He jokes about it saying, Ask for me to-morrow and you shall find me a grave man and They have made worms meat of me. Using puns to cover up the seriousness of his situation. We will write a custom essay sample on To what extent do you agree with this statement? specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on To what extent do you agree with this statement? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on To what extent do you agree with this statement? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Although Mercutio is rude sometimes he has what most of the other characters have not, he has a good sense of humour mixed with fun loving characteristics but at the same time could be caring. He could make you see sense and opened your eyes. He spoke his mind and was fun to be round and listen to which is why the audience would have loved him. For that reason many people put down the killing off of Mercutio to the fact that he might have taken over the play but at the same time no matter how fun he was the love affair between two lovers that can never be together would have been much more interesting to me. This is why I believe that Mercutio did not die to stop him taking over the play but died to prove a point. Mercutio is killed standing up for his beloved friend Romeo and when he gets stabbed although he does not seem that hurt, he knows he is dieing and uses his last words to put a curse on the Capulets and Montagues. A plague o both your houses! I think this part was added because in those days they were very superstitious and believed in curses and bad luck. With putting the curse on the families he dooms them to pay with something or someone that they both love, Romeo and Juliet. If Mercutio had not been killed that would not have been said and maybe Romeo and Juliet may not have died. I think that he died to show everyone that the fighting between the two families had gone on long enough and if he couldnt teach them from earth he would teach them from the grave. If Mercutio did not die the jokes and laugher would have lived on but it would have only prevented the characters from seeing the seriousness of their situations and the consciences of their actions.
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