Money and consumer behavior Essay Example | Topics and Well Written Essays - 500 words - 1

Money and consumer behavior - Essay Example The duo’s study unraveled that a sure shot predictor of people likely to go bankrupt, were people with children. The typical middle class American family was far more insecure financially than a middle class family was over three decades ago. It was also more vulnerable to one parent getting laid off, and when that happened, the effort to keep the children in good school districts saw many parents drive to bankruptcy courts more often than to the lavish malls. This got compounded by mortgage costs that increased 70 times as compared to a man’s wages over a span of one generation. Gone were the days when a one-income middle class family could be home owners. Today’s families need both incomes to make the basic payments like mortgage, health insurance, education and day care costs. When the government deregulated the home mortgage-lending industry and the credit card industry in the early 1980s without any public debate, the detrimental concept of sub-prime lending was its devious off-shoot. It’s a one way street to hell when families go in for a second mortgage or refinance the mortgage on their home. Hardworking middle class families find themselves with no financial support through retirement, they can’t dream of sending their children to college and will in all likelihood find themselves without a roof over their heads. (Mieszkowski, Katharine). According to the Center for Responsible Lending, the current outstanding debt on sub-prime mortgages totals about US$1.3 trillion, up from US$322 billion in 2003. (Whitman, Janet). Professor Warren suggests changes can be brought about; 1) middle class families caught in this trap need to talk about their shame rather than hide it, so that it does not remain a stigma; 2) politicians and law makers sho uld get middle class children back in the public schools by making it a system that will welcome their children for the uniqueness they bring to the school; 3) like all civilized nations,

The text the color purple Essay Example for Free

The text the color purple Essay The text ‘The Color Purple’, in both the novel by Alice Walker and the film adaptation directed by Steven Spielberg, show Celies, a broken, mistreated girl, developing into an independent, strong woman, despite the physical, emotion and sexual abuse that she faces throughout her life. Each representation of the text take on a different approach as to how it portrays Celie’s search for self through her relationships with other characters-particularly Nettie and Shug-, her belief in God, her struggle for independence and fight against the oppression Albert forces on her. The novel tends to be more confronting while the harshness of the mistreatment is softened in the film by the placid music, comical elements and the fact that physical violence is hardly seen. Though the film and novel vary significantly and utilize different techniques to express the general ideas, both explore the major themes of racism, male dominance and family relationships. The novel tells the story through Celies letters, and therefore the reader knows nothing more than what Celie writes. This strong, single point of view makes the story much more personal and the effect of her innocent, frank language make the injustices she is put through even more stirring. The book uses Celies short, blunt sentences to convey her fear and turmoil, opening with a simple confronting sentence: â€Å"you better never tell nobody but God. It’d kill your mammy†. Celie starts as a scared, confused girl with nothing in the world but her faith in God and her love for her younger sister, Nettie. The film, however, begins with direct contrasts to this, with the two sisters laughing and playing clapping games in a beautiful field of purple, Celie’s pregnancy not revealed until she steps out to meet ‘Pa’ in which the light music stops abruptly. The film used this lighter opening to soften the impact of the rape and to show her innocence and youth, as well as immediately show the closeness she shares with Nettie. Celie grew up with no self-formed opinion of herself, believing the negative comments that others spoke of her: â€Å"Celie you got the ugliest smile this side of creation†. The years of abuse made her submissive and silent, never speaking up for herself in order to survive. Shots of Celie watching events from behind props, windows or with her face turned down demonstrate the invisible nature that she has developed in the film. As the film had to keep running time down, Celie’s life is skipped through. This is done with a clever camera position showing young Celies shadow reading, her voice gradually getting deeper and her reading more fluent, the shadow changing to the figure of a woman. Recurring snapshots of the letterbox in various conditions as well as the use of dates aid the films quicker progression through the plot. Gaps left in the story by these skips in time are filled in with a voiceover. The novel illustrates Celies fear of males through word choice and blunt statements, as well as Celies husband being referred to as simply Mr. _____ for a significant part of the book , whereas the film used visual techniques such as lighting and camera angles. Many low angle camera shots of Albert or ‘Pa’ enclosed by shadows or looking down upon the females give the impression of dominance. Close-ups highlighting the expression of fear on Celie’s face or at sinister intentions of the male characters at the start of the film compared to the close ups of Celie as a confident woman after she found her identity show the change that she has undergone. This change in Celie occurs with the introduction of Shug and Sofia into her life. The two contrasting women are both strong and free and teach Celie that women do not have to be ruled by men. Celies main influence is Shug, who is loved by Albert as well as Celie, whose attachment to Shug is depicted through her primary role in the story of Celies life. Shug plays an extremely imperative part in Celies search for self by being the affectionate, encouraging person that Celie always needed. Most importantly, she teaches Celie to love herself and be happy with whom she is as a person. Shug opens Celies mind by removing other peoples influence on her belief in God, explaining that â€Å"not being tied to what God looks like frees us†. The turning point in both the book and the novel is when Celie discovers that Albert has hidden Nettie’s letters from her for all these years. Her love of Nettie, who she believes to be â€Å"the only one to ever love me† had helped her to stay strong through the years and endure Albert’s abuse. When she finds that he had been keeping Nettie from her, her rage breaks her fear of him and gives her the courage to leave the house and move to Memphis with Shug. Albert summarizes what he believes to be her weaknesses when he says â€Å"You black, you poor, you ugly, you a woman. Goddamn you nothing at all†. Celies retaliation by cursing him with â€Å"everything you even think about is going to fail until you do right by me† shows just how far she has come already. Albert’s insult poses a challenge for Celie. She goes out to find happiness and become self-sufficient, despite Albert’s condemnation. The novel looks at the progress that Celie makes with her sewing of pants. This is symbolic of the protest against discrimination against women and is a major part of Celie’s search for self. The film however skips through this, instead focusing on the symbolism of the purple field in Celie’s happiest moments-her childhood with Nettie, her walk with Shug after she returns home a successful woman and her reuniting with Nettie at the very end. The conclusion of the novel seemed to be much more rounded, with all the strings of the past woven neatly into a final letter in which she addresses â€Å"Dear God. Dear stars, dear trees, dear sky, dear peoples. Dear everything. Dear God†. In this letter we find out that Nettie and her husband, Olivia, Adam and Adams wife have returned home from Africa. Celie and Nettie now have their own house, after finding out the truth about their ‘Pa’, Shug as come back to Celie, Sofia and Harpo are once again happy together and Celie has forgiven Albert for the past, now valuing him as a friend. It is this connection that eventually brings them together as friends. Though the film and novel vary significantly and utilize different techniques to express the general ideas, both explore the major themes of abuse, oppression, male dominance and family relationships. The central character, Celie, finds her identity through the help of those she loves and her personal strength to accept the past and move on with the future.

Analysis of Coursework Feedback

Analysis of Coursework Feedback In this feedback, Ill be analysing and examining ways I could improve my first assignment. I also didnt go into much detail about government bail-outs and how regulatory initiatives may help evade the risk of a moral hazard, involving around tax-payer bailouts. I should have talked about the liquidity provisions and BASEL III capital. Then go on to examine the BRRD and concept of bail-ins, along with more academic articles to help support and develop my arguments. Firstly, looking at me overall mark for my first assignment, I have mixed feelings as I am neither sad nor exceptionally thrilled with my grade, as I know that I could have improved my grade, if I applied my information and went into depth, along with my statements and given supporting evidence to back up my statements. In my feedback, numerous key words such as analysis and ..examining.. stood out to me the most, which further supports my statement that if I applied more knowledge to my understanding by demonstrating how my analyses of the TBTF and Moral Hazard, relates to that of the assignment question, and how it is relevant to Deutsche Bank. I could have also talked about the arguments for and against governments bail-outs by talking about how the bailout will help the global financial stability, by avoiding any financial disasters but instead bring enormously calm atmosphere in a rather hectic economic situation. This will help in protecting the veracity of the financial economy/system. If governments help bailout banks, it will help improve the investments opportunities, within the financial economy and as Warren Buffet perfectly expressed [1]Yeah, well, its everybodys problem. Unfortunately, the economy is a little like a bathtub. You cant have cold water in the front and hot water in the back. [2]We must do this if we all want to avoid an economic collapse, along with the effect it will have on the countries that depend upon their trade. It very important that money must be kept liquidated through the markets to ensure my trade and investments into the financial system. I must also analyse the against factors which i nclude how costly it will be and, credited properties cannot be recovered. It can cause a budget shortage and we can calculate the exact amount that will be helpful for the bailout, or when there will be even be enough money for this action plan to take place. In my first assignment, I didnt include the regulatory initiatives and how this will help with the bailouts and that of moral hazard. As Government bailouts increment moral peril by inducing a business atmosphere in which organisations feel they will be shielded from the outcomes of poor choices and unsafe conduct. Since they no longer dread these outcomes, at any rate not to the level they ought to, they regularly neglect to avoid potential risk to prepare for pointless hazards. This absence of judiciousness as often as possible has extensive repercussions, including shareholder misfortune, indebtedness and disintegration. If they are right and the administration ventures into safeguarding the organization out, the outcomes of this will help benefit the public. Unfortunately, as citizens bear the cost of bailouts, which is likewise to wreak destruction on government spending plans. This is demonstrated in the Great Recession as due to the government bailout during this time, resulte d to terrible conduct from the administrators who didnt treat the citizens well. This is moral risk. After this examining on Moral Hard and government bailouts, I should have gone on to talk about and examine the arguments of Moosas on the needs for why banks should be allowed to fail. [3]Such as finding it ironic that regulators are the ones in sole charge of implementing Basel II and argues that considering the subprime, Basel II may be suggesting inappropriate or inadequate financial supervision.[4] While capital adequacy requirements are designed to protect banks from insolvency. As the problem that the banks faced during the crisis illiquidity. [5]Basel III is a piece of the persistent impulsion to improve how Banks are managed. It expands on the Basel I and Basel II archives, and tries to enhance the saving money segments capacity to manage monetary anxiety, enhance chance administration, and fortify the banks straightforwardness. Basel III is to cultivate more noteworthy versatility at the individual bank level with a specific end goal to decrease the danger of framework wide shock factors. Basel III presented more tightly capital necessities in contrast with Basel I and Basel II. Banks administrative capital is partitioned into Tier 1 and Tier 2, while Tier 1 is subdivided into Common Equity Tier 1 and extra Tier 1 capital. Deutsche Bank offers have been pounded, while its adaptable ties have been in freefall. As Nobel Economist Professor Stiglitz said, [6]The UK has been hit hard because the banks took on enormously large liabilities in foreign currencies. Should the British taxpayers have to lower their standard of living for 20 years to pay off mistakes that benefited a small elite? There is an argument for letting the banks go bust. It may cause turmoil but it will be a cheaper way to deal with this in the end. The British Parliament never offered a blanket guarantee for all liabilities and derivative positions of these banks. The new banks will be more credible once they no longer have these liabilities on their back. I would have to agree with Professor Stiglitz statement, as it is fair to say that its about time that we set aside, and allow at least one bank become bankrupt. Especially Big Banks, as another round of safeguard outs is unsatisfactory. The general population accounts wont be able to stand the strain, the effect on the financial economy will be unfair, and the ethical risk would be excessively enormous. If we do see a few banks fall, we ought to be prepared and willing to watch them go down. In my next assignment, Ill be making sure to go into more depth in examining and analysing the question, as well as backing by my statements with supporting arguments and articles. Bibliography Evans-Pritchard A, Let banks fail, says Nobel economist Joseph Stiglitz The Telegraph (2 February 2009) accessed 20 December 2016 Moffatt M, Should banks be allowed to fail? When does a private institution become too big to fail? (Education, 25 September 2015) accessed 20 December 2016 Investopedia.com, Basel III (2010) accessed 21 December 2016 Clark A, Banking crisis: Warren Buffett sees US bailout as a golden opportunity The Guardian (24 September 2008) accessed 21 December 2016 DePersio G, How do government bailouts increase moral hazard? (2015) accessed 26 December 2016 accessed 26 December 2016 BBC, Bail-out debate: For and against BBC Business (25 September 2008) accessed 21 December 2016 Moosa IA, Quantification of operational risk under Basel II: The good, bad and ugly: 2008 (Palgrave Macmillan 2008) [1] Andrew Clark, Banking crisis: Warren Buffett sees US bailout as a golden opportunity The Guardian (24 September 2008) accessed 21 December 2016 [2] BBC, Bail-out debate: For and against BBC Business (25 September 2008) accessed 21 December 2016 [3] Imad A. Moosa, Quantification of operational risk under Basel II: The good, bad and ugly: 2008 (Palgrave Macmillan 2008) [4] Imad A. Moosa, Quantification of operational risk under Basel II: The good, bad and ugly: 2008 (Palgrave Macmillan 2008) [5] Investopedia.com, Basel III (2010) accessed 21 December 2016 [6] Ambrose Evans-Pritchard, Let banks fail, says Nobel economist Joseph Stiglitz The Telegraph (2 February 2009) accessed 20 December 2016

Deepak Chopra Essay -- Biographies Papers

Deepak Chopra Our Real Self Just by being ourselves we are borne toward a destiny far beyond anything we could imagine. It is enough to know that the being I nourish inside me is the same as the Being that suffuses every atom of the cosmos. When the two see each other as equals they will be equal, because then the same force that controls the galaxies will be upholding my individual existence ~Deepak Chopra Deepak Chopra was born in Poona India in 1947. He was the eldest son of Krishan Chopra, a prominent cardiologist. With his father being a doctor, Deepak Chopra was raised in the tradition of Western Medicine. His father considered the traditional ideas of Ayurveda to be pointless rituals and did not believe in raising his family in these ancient Hindu beliefs. Chopra wrote in his autobiography, â€Å"My father proudly practiced Western medicine and looked at his accomplishments as a personal triumph. He had every reason to think that modern India would be well off without the ignorant old ways. Ayurveda, being ‘unscientific’ to Western eyes, could join the other castoffs. It never occurred to me or my father that Ayurveda might be something great.† (Chopra 23) As a child Deepak’s father strongly pushed him towards pursuing a medical career. However, Deepak rejected his father’s urgings completely, wanting nothing to do with the field of medicine. He was more interested in soccer and cricket and saw himself becoming a journalist. Yet, as he reached adolescence his views began to change. At age sixteen, Deepak read Sinclair Lewis’s novel, Arrowsmith, which suddenly sparked in him a desire to follow in his father’s footsteps. He writes, â€Å"These words thrilled me. It had what... ...flin Company Gardner, H. (1993). Creating Minds. New York: Harper Collins Web Links: Barker, Jason. (2000) Deepak Chopra. http://www.watchman.org/profile/choprapro.htm Barrett, Stephen, M.D. A Few Thoughts on Ayuvedic Mumbo-Jumbo. http://www.quackwatch.com/04consumerEducation/chopra.html Carroll, Robert Todd. Ayurvedic Medicine and Deepak Chopra. http://www.skepdic.com/ayurvedic.html Hay, Veronica M. Deepak Chopra M.D. http://www.intouchmag.com/chopra.html http://www.howtoknowgod.com/about/author.asp Roderick, Daffyd, (2000) Hail Emperor. TIMEasia http://www.time.com/time/asia/features/interviews/int.chopra.html Scheinin, Richard (2001) Deepak Looks Deeper http://www.chopra.com/article.asp?program=general&id=7 Wheeler, Thomas, M.D.Deepak Chopra and Maharishi Ayurvedic Medicine. http://www.trancenet.org/chopra/news/ncahf.shtml

Self Reflection Mbti Type

Self Reflection: Myers-Briggs Type Indicator Christopher Wright Seton Hill University Principles of Management, SBU 180-98, ADP Session 2 Lyzona Marshall, 10/15/12 Who are ENTJ’s? ENTJ’s are one of sixteen personality types, making up about 3-5 percent of the American public. ENTJ’s are Extroverts, Intuitive, Thinking, Judging personality types. They tend to be natural leaders, who make decisions based upon objective analysis, weigh pros versus cons, arriving at logical decisions.They often express opinions, messages, directions, plans, and goals clearly. ENTJ’s like to get right to the point without any unnecessary outside noise. Business leaders who are ENTJ’s are effective in communicating the company’s goals and direction, setting the standard by which expectations are measured. These types of leaders think big picture, what is going to happen in future and how do I need to plan for it, not getting caught up in the now.What do the letters ENTJ mean and what are the associated pros and cons with the individual letters as a manager? E – Extrovert. An extrovert could excel in negotiation, while they could be a hindrance in conflict resolution. N – Intuitive. Intuitive thinkers would help in business development but would slow down analyzing financial statements. T – Thinking. Thinking types would help in analyzing headcount to cost ratio but would hinder discussion in performance reviews with employees. J – Judging.Judging types would benefit business expansion or project management but would interfere with analyzing costs. Some additional pros and cons associated with ENTJ’s are critical thinkers, planners (plan for everything, including back up plans), level headed (ability to stay calm in a crisis or stressful situations), calculated risk takers, orderly, self centered or arrogant, trouble expressing affection, opinionated or stubborn, set unrealistic expectations, hasty decision m aking, critical of incompetence or inefficiency, not free with compliments.An ENTJ is a leader, direct approach type. They are big picture thinkers, identify potential problems, and create a plan to change those problems. However, ENTJ’s must develop their Intuitive and Thinking skills or they run the risk of not being able to apply logic to their ideas. This could lead an ENTJ to become dictatorial and abrasive.

How to Calculate Mass Percent Composition of a Compound

How to Calculate Mass Percent Composition of a Compound Mass percent composition of a molecule shows the amount each element in a molecule contributes to the total molecular mass. Each elements contribution is expressed as a percentage of the whole. This step by step tutorial will show the method to determine the mass percent composition of a molecule. An ExampleWith Potassium Ferricyanide Calculate the mass percent composition of each element in a potassium ferricyanide, K3Fe(CN)6 molecule. The Solution Step 1: Find the atomic mass of each element in the molecule. The first step to finding mass percent is to find the atomic mass of each element in the molecule.K3Fe(CN)6 is made up of potassium (K), iron (Fe), carbon (C) and nitrogen (N).Using the periodic table:Atomic mass of K: 39.10 g/molAtomic mass of Fe: 55.85 g/molAtomic mass of C: 12.01 g/molAtomic mass of N: 14.01 g/mol​​ Step 2: Find the mass combination of each element. The second step is to determine the total mass combination of each element. Each molecule of KFe(CN)6 contains 3 K, 1 Fe, 6 C and 6 N atoms. Multiply these numbers by the atomic mass to get each elements mass contribution.Mass contribution of K 3 x 39.10 117.30 g/molMass contribution of Fe 1 x 55.85 55.85 g/molMass contribution of C 6 x 12.01 72.06 g/molMass contribution of N 6 x 14.01 84.06 g/mol​ Step 3: Find the total molecular mass of the molecule. The molecular mass is the sum of the mass contributions of each element. Simply add each mass contribution together to find the total.Molecular mass of K3Fe(CN)6 117.30 g/mol 55.85 g/mol 72.06 g/mol 84.06 g/molMolecular mass of K3Fe(CN)6 329.27 g/mol​ Step 4: Find the mass percent composition of each element. To find the mass percent composition of an element, divide the mass contribution of the element by the total molecular mass. This number must then be multiplied by 100% to be expressed as a percent.Mass percent composition of K mass contribution of K/molecular mass of K3Fe(CN)6 x 100%Mass percent composition of K 117.30 g/mol/329.27 g/mol x 100%Mass percent composition of K 0.3562 x 100%Mass percent composition of K 35.62%Mass percent composition of Fe mass contribution of Fe/molecular mass of K3Fe(CN)6 x 100%Mass percent composition of Fe 55.85 g/mol/329.27 g/mol x 100%Mass percent composition of Fe 0.1696 x 100%Mass percent composition of Fe 16.96%Mass percent composition of C mass contribution of C/molecular mass of K3Fe(CN)6 x 100%Mass percent composition of C 72.06 g/mol/329.27 g/mol x 100%Mass percent composition of C 0.2188 x 100%Mass percent composition of C 21.88%Mass percent composition of N mass contribution of N/molecular mass of K3Fe(CN)6 x 100%Mass percent composition of N 84.06 g/mol/329.27 g/mol x 100%Mass percent composition of N 0.2553 x 100%Mass percent composition of N 25.53%​ The Answer K3Fe(CN)6 is 35.62% potassium, 16.96% iron, 21.88% carbon and 25.53% nitrogen.It is always a good idea to check your work. If you add up all the mass percent compositions, you should get 100%.35.62% 16.96% 21.88% 25.53% 99.99%Where is the other .01%? This example illustrates the effects of significant figures and rounding errors. This example used two significant figures past the decimal point. This allows for an error on the order of  ±0.01. This examples answer is within these tolerances.

Aids 3 essays

Aids 3 essays AIDS Related Stigma Since the appearance of AIDS in the late seventies and early eighties, the disease has had attached to it a significant social stigma. This stigma has manifested itself in the form of discrimination, avoidance and fear of people living with AIDS (PLWAs). As a result, the social implications of the disease have been extended from those of other life threatening conditions to the point at which PLWAs are not only faced with a terminal illness but also social isolation and constant discrimination throughout society. Various explanations have been suggested as to the underlying causes of this stigmatization. Many studies point to the relationship the disease has with deviant behavior. Others suggest that fear of contagion is the actual culprit. Examining the existing literature and putting it into societal context leads one to believe that there is no one cause. Instead, there would appear to be a collection of associated factors that influence societys att itudes towards AIDS and PLWAs. As the number of people infected with HIV increases, social workers are and will be increasingly called upon to deal with and serve PLWAs. Although not all social workers chose to work with PLWAs, the escalating incidence of HIV infection is creating a situation in which sera positive people are and will be showing up more often in almost all areas of social work practice. This paper aims to examine AIDS related stigma and the stigmatization process, hopefully providing insights into countering the effects of stigma and perhaps the possibility of destigmatization. This is of particular pertinence to the field of social work due to our growing involvement with the HIV positive population. Association to Deviant/Marginal Behavior one of the most clearly and often identified causes of AIDS related stigma is its association to deviant behavior. The disease has had and still does have a strong associ...

Read the Sermon on the Mount (Matthew 5-7) comment on what it tells you about Christianity.

Read the Sermon on the Mount (Matthew 5-7) comment on what it tells you about Christianity. Stained glass at St John the Baptist's Anglican Ch...In the Sermon on the Mount, Jesus covers many topics concerning the life to lead and salvation. In Matthew 5-7, he lays out what will later become the basics of Christianity. Jesus' teachings are very metaphorical and hard to find true meaning. I may be taking some of this too literally but, I found it very hard to follow. This is supposedly Jesus talking, yet he says one thing and then totally shoots it down in the next part. For the most part, I see that it is about obeying God and living a morally good life. What this passage tells me about Christianity is that it is no more than faith. "I tell you, then, that you will be able to enter the Kingdom of heaven only if you are more faithful than the teachers of the Law and the Pharisees in doing what God requires."(Matthew 5. 20)Much of Matthew 5 seems to be about the golden rule. Jesus conveys that what you door don't do, God will or will not do to you. Jesus speaks of rewards very often and that seems to be the underlying meaning of his sermon. He repeats that if you do this or that then you will or will not be rewarded by God. Throughout the sermon, Jesus seems to focus on the rewards as opposed to the acts of goodness, and this seems to be what God doesn't want. But Jesus later speaks of doing good deeds in private so not to be doing it for the reward you get, but out of the goodness of your heart. It is beyond me how he could say that after reading up to that point.From what I have gathered in this sermon, humans are held very high. "You...

W3 DQs Assignment Example | Topics and Well Written Essays - 500 words

W3 DQs - Assignment Example China has viewed Taiwan leaders as stubborn although this was not a difficult demand to fulfill, and had considered war on the region as a means of ending the crisis. Once war is accepted as the only solution with respect to this crisis, respect for the majority of citizens in both China and Taiwan are at risk and more so, laws on peace and human rights violations. Offensive trial missiles by both China and Taiwan are arguably among the key attempts to spur out war. This show of military and missile supremacy where each country does so close to the boarders of the other is considered provocative. It is obvious that there is a Despite the numerous suggestions of solutions to this problem, there is continued defiance from both parties. The disarmament law that was formulated after the First World War, which tries to discourage mass accumulation of arms and possibilities of occurrence of war, is at stake. Despite the efforts that the United States has put in to resolve the Taiwan status peacefully, there still exist the challenge posed by international events and political developments in Taipei and Beijing. Not only has these events and developments jeopardized US efforts, but also it has created fresh tension between the US and China as well as Taiwan and the mainland. With a strong economic bond, that joins Taiwan and the mainland, resolving the Taiwan status through war would be the last option for both parties. Romberg has reported increased economic interaction between mainland and Taiwan. Political development in Beijing is traced back in 1996, during the Chinese military exercises and missile tests (Miskel, 4). These tests proved to be unusually close to Taiwan. The tests also seemed to be a show of naval and air operations that China would presumably employ in an invasion of Taiwan. (Romberg, 5) On its part, Taipei is said to have made necessary preparation for possible attacks from the mainland.

Operation Management - Service vs Product Output Essay

Operation Management - Service vs Product Output - Essay Example Menu: the menu provides a large array of food items, beverages, ice creams and other delicious items that are highly sought after. Franchise based Model: McDonalds follows the franchise based model. In such model, the main outlets are being outsourced and small percentages of the franchise are directly owned by the parent company. Customer segregation: Their food articles target and attract the teenagers, mid twenties mostly. For children there are special packages that are heart favorite amongst the kids. Various meals are provided in form of happy meal, jumbo deal and various other offers which target and fulfill the requirements of various cadres of the fast food eating people. Pricing: Pricing plays an important role in attracting the clients towards itself. McDonalds has always aimed at providing the services in the most reasonable rates, and probably this is one of the major reasons it has attracted large number of customers towards itself throughout its history. Promotion: Promotion and proper advertisement holds the key towards the success or failure of any service or product. McDonalds is no exception in this regard and it is fully aware of the challenges and the need of promotion. For this purpose it is in the front row every time there is need for promotion. All over the roads where ever their franchise are based, we see their logos, advertisement banners, billboards informing the customers about the new services. Market research: market research is an essential part of any successful project and service. No service can be successful without proper market research. The market research enables getting to know the opinion and wish list of the customers. Knowing what the customers want, what is their priority, all lead up to effective marketing and branding policies. Targeting various customers bench, various products and offers are introduced. Keeping in

Applications and Development of Catalyst for the Synthesis of Highly Research Proposal

Applications and Development of Catalyst for the Synthesis of Highly Functional Organic Carbonates - Research Proposal Example The negative effects can also be minimized through production of synthetic polymers which are biodegradable or easy to recycle. Carbon as important industrial raw material is predominantly sourced from fossil sources of energy while plastic synthesis accounts for about seven percent of oil usage in the whole world. The future of fossil energy is not promising and as such need for other routes like biorenewable energy sources and biodegradable polymers. The world is also producing around 150M tons of plastic per year, America alone carries the burden of 30M tons which in landfills or get incinerated on our soils per year. This increases need for easy to recycle and biologically degradable polymers; they are valuable as they pose less adverse environmental effects. It is thus important to study progress on development of more environment friendly polymers and more especially those from renewable sources. To protect the environment through development and application of procedures which enable production of more biologically safe polymers and reduce dependence on fossil fuels as the source of industrial carbon. The study requires a lot of chemical reagents such as the catalysts and precursors which require a good budget and thus financial constraints might pose a challenge to the success of the research in wholesomely exploring the topic. It also requires the employment of human resources such as lab assistants which require remuneration and this could contribute to budgetary constraints apart from the fact that some of the catalysts are expensive and not easily available. Coates and Jeske (2009) in Hand of Green Chemistry discuss the evolution of epoxide-CO2 from carbon dioxide and propylene oxide under the catalysis of HÂ ­2O mixed with ZnEt2. This discovery led to a series of other chemical studies on catalysis with eventual fruitful developments inclusion the production of

Forensic Science(Subject) Study of Forensic Collection and Analysis of Research Paper

Forensic Science(Subject) Study of Forensic Collection and Analysis of Crime Scenes - Research Paper Example Physical evidence originates from objects or rather non-living things while biological evidence is obtained from living things (Enotes.com., 2011). Examples of biological evidence include: DNA and blood stains while physical evidence include: tire marks, footprints, paint, building materials, fibers and fingerprints. According to the Locard’s exchange, evidence is usually found at the crime scene simply because the perpetrator must always leave something behind due to contact with objects and even the victim. It should also be noted that the perpetrator is also very likely to take something away from the crime scene that will be found on him. Crime scene investigation takes place at the crime scene while forensic science happens in the laboratory. This paper highlights on the analysis, evaluation and synthesis of a crime scene in relation to an investigation. Jackson and Julie (2004) reveal that this stage takes place at the scene of the crime. The Crime Scene Investigator (CSI) is expected to take his or her time to understand the logistics of the crime. This stage entails the determination of a systematic approach that will be used to find and collect the evidence. The CSI defines the exact extent of the crime scene followed by securing the core area by placing a physical barrier. The barriers could be in the form of a scene tape, police cars, horses and even the police officers. A cone area can be defined as the most obvious area where most of the evidence can easily be traced (Jackson & Julie, 2004). The crime scene might be in a house or the even the entire neighborhood. The first chance to conduct a thorough search at the scene is very important. The next step is to obtain a search warrant from the District attorney. The CSI will be free to make an initial walk through from which he will take notes of details that are likely to change with time. These details include: time, weather, smell, sound,

Political Parties and the Electoral Process Essay

Political Parties and the Electoral Process - Essay Example Apparently, the two major political parties receive massive support due to the ideologies (Levendusky, 2009). Consequentially, the two leading parties in the US are the democrats and the republicans. They have been dominating the political scene of the United States for years and have since amassed massive support in regard to their presidential candidates. The two parties hold contrasting views of different ideologies which receive prevalent attention. Therefore, the two parties either choose to take a liberal view of ideologies or settle on the conservative view of ideologies. The liberal view states that abortion is a legal action that is taken by women as citizens of the United States. They state that women are human beings who have the right to make decision in regard to their lives. Therefore, they have legal choice of using abortion to control their lives as it is open to all the citizens. On the other hand, the conservative view states that immorality is not acceptable (Ashbe e, 2004). As a matter of fact, they state that abortion is immoral and should be banned. In this particular view, the politicians think that abortion is an infringement of the right to life since the unborn child is a form of life. The second point of contrast is the issue of gun control (Levendusky, 2009). Gun control is a prevalent issue in the United States since many people would wish to own guns for security reasons. Since the government issues licenses for individuals owning guns, there is need to have restrictions and control on the issuance. On one side, the liberal view of ideologies states that there should be high restrictions of gun control. As such, there should be a number of laws that should restrict the ownership of guns. Inclusion of stringent laws would reduce the bizarre incidences that occur due to gun ownership. On the other hand, the conservative politicians insinuate that there should be less restriction on the gun control issue. The third issue that draws att ention in the two leading parties is the issue of taxes (Levendusky, 2009). Taxes affect all the citizens of the country and should be considered with utter keenness. On one side, the liberals think that taxes should be high and progressive. Higher taxes will give the country more revenue which will be used for development. On the other hand, the conservatives state that taxes should be lower and progress at a lower rate. This will not affect the citizens as the taxes will not have dire effect on their income. Lastly, the two political parties differ on the issue of gay marriage. For example, the liberals state that gay marriage should be legalized. On the other hand, conservative politics state that gay marriages are illegal. Key reasons why third parties have never been successful at the presidential level Though there are third parties in the United States, they do not seem to give an impressive performance in the presidential elections. This has been attributed by a number of re asons. First, the two leading parties have been clinching the presidential office. As such, the parties have had the advantage of holding the office and pushing their candidates to get a better place in the upcoming elections. On the other hand, the third parties have not had such an advantage. Secondly, the ideologies of the two leading parties are steadfast. The two leading parties take a stand in the prevalent issues in the country and expound on the strategies they will use in solving the situation. This

Event Management Essay Example | Topics and Well Written Essays - 2000 words

Event Management - Essay Example The industry has also experienced numerous world fairs visibility and major sports events, during the recent century as Goldbatt (2000) asserts. Moreover, the events industry is developing and transitioning from a growth into maturity. The economic effects of an event may differ because developed event type and the market appealed to that particular event. A scale of event has a direct correlation with the impact level. Events fixed length encourages visitors to attend. The extra experience acts as a form of indirect marketing for a region altogether. This provides a chance to grasp a market that was previously untapped. The incoming guests bring with them money, further expanding the market. Subsequently, both real and potential generation of revenue is increased. These events are an attraction that has both the power of drawing and holding. This means that they not only marshal in new tourists, but also assist to keep them in a region longer. It shows the significance of gauging the economic effects of events of tourists who specifically came to the event and those that did not stay longer because of the event. This means that they are not only ushering in new guests, but they also assist in keeping them in the region longer. Consequently, this portrays the significance of gauging the economic effect of those that come to the event and those that did not and extended their stay because of the event (Janeczko, Mules & Ritchie 2002). In addition, even though, they may have numerous other objectives, events in regional destinations aid the growth of tourism and the subsequent economic development. Traditionally, economic impact of the event industry has centered on spending of visitors and multipliers that extended this spending to other segments of the economy. They may be linked to job creation or income. Nonetheless, because of variation in formulas, the event industry has faced hitches in paralleling how they

Forensic Science(Subject) Study of Forensic Collection and Analysis of Research Paper

Forensic Science(Subject) Study of Forensic Collection and Analysis of Crime Scenes - Research Paper Example Physical evidence originates from objects or rather non-living things while biological evidence is obtained from living things (Enotes.com., 2011). Examples of biological evidence include: DNA and blood stains while physical evidence include: tire marks, footprints, paint, building materials, fibers and fingerprints. According to the Locard’s exchange, evidence is usually found at the crime scene simply because the perpetrator must always leave something behind due to contact with objects and even the victim. It should also be noted that the perpetrator is also very likely to take something away from the crime scene that will be found on him. Crime scene investigation takes place at the crime scene while forensic science happens in the laboratory. This paper highlights on the analysis, evaluation and synthesis of a crime scene in relation to an investigation. Jackson and Julie (2004) reveal that this stage takes place at the scene of the crime. The Crime Scene Investigator (CSI) is expected to take his or her time to understand the logistics of the crime. This stage entails the determination of a systematic approach that will be used to find and collect the evidence. The CSI defines the exact extent of the crime scene followed by securing the core area by placing a physical barrier. The barriers could be in the form of a scene tape, police cars, horses and even the police officers. A cone area can be defined as the most obvious area where most of the evidence can easily be traced (Jackson & Julie, 2004). The crime scene might be in a house or the even the entire neighborhood. The first chance to conduct a thorough search at the scene is very important. The next step is to obtain a search warrant from the District attorney. The CSI will be free to make an initial walk through from which he will take notes of details that are likely to change with time. These details include: time, weather, smell, sound,

Event Management Essay Example | Topics and Well Written Essays - 2000 words

Event Management - Essay Example The industry has also experienced numerous world fairs visibility and major sports events, during the recent century as Goldbatt (2000) asserts. Moreover, the events industry is developing and transitioning from a growth into maturity. The economic effects of an event may differ because developed event type and the market appealed to that particular event. A scale of event has a direct correlation with the impact level. Events fixed length encourages visitors to attend. The extra experience acts as a form of indirect marketing for a region altogether. This provides a chance to grasp a market that was previously untapped. The incoming guests bring with them money, further expanding the market. Subsequently, both real and potential generation of revenue is increased. These events are an attraction that has both the power of drawing and holding. This means that they not only marshal in new tourists, but also assist to keep them in a region longer. It shows the significance of gauging the economic effects of events of tourists who specifically came to the event and those that did not stay longer because of the event. This means that they are not only ushering in new guests, but they also assist in keeping them in the region longer. Consequently, this portrays the significance of gauging the economic effect of those that come to the event and those that did not and extended their stay because of the event (Janeczko, Mules & Ritchie 2002). In addition, even though, they may have numerous other objectives, events in regional destinations aid the growth of tourism and the subsequent economic development. Traditionally, economic impact of the event industry has centered on spending of visitors and multipliers that extended this spending to other segments of the economy. They may be linked to job creation or income. Nonetheless, because of variation in formulas, the event industry has faced hitches in paralleling how they

Commedia DelArte - Character Analysis Essay Example for Free

Commedia DelArte Character Analysis Essay PANTALONE: Pantalone is of top pecking order. He is wealthy and controls the finance in the character world of commedia, therefore his orders are usually obeyed by all. He is the father of Isabella. He wears dark colours of black, grey and red; dynamic Pantaloons, tight-fitting long red trousers or red breeches and stockings, a short tight-fitting jacket, a loose long black cloak with plain sleeves, red-woollen skull-cap and yellow turkish slippers. He is lean and scrawny and often short in stature. He wears a mask with a long, hooked nose with bushy eyebrows, sometimes also a moustache. Pointed beard just forward as if to meet the nose coming down, thus giving a very dynamic profile. His signature props are a gold chain hung around his neck with a large medallion as well as a dagger and a money pouch. He also carried a ubiquitous handkerchief and used a walking cane. His back bends giving him a hunched old mans stoop, which protected his purse and effectively restricted the motion of his legs. His feet are together, toes apart, knees well bent and facing apart creating a focus on his crutch. His legs are also much more muscled with the possibility of sustaining extreme forward positions of the torso or making large strides. Bullying, aggressively and mean-minded, Pantalone, a pauper who had squandered his dignity along with his cash. Hes always on the prowl and he could be termed a Beelzebub of sex. Any woman who happens to cross his path becomes at once an object of winks, leers and nudges he parades up and down in a series of showily self-important struts, trips, trots and sudden halts. His walk is small and slow and he can only walk at one pace; whatever his feet do his legs cannot go any faster, whatever the motive or stimulus. Hes  old in body, but his head, feet and hands are still active. The hands (which he cant keep to himself) flutter continuously, gesticulating each thought as it comes into his head. The only way he can stop this is to hold them behind his back, underneath his cloak. His voice is similar to a high pitched squawk that continuously breaks. Its cold and prudish and demanding. Pantalone gives voice to the darker side of the male consciousness, a secret hero to the unenlightened males in the audience. He is mean to his servants, narrow-mindedly proscriptive to his children, fawning to Il Dottore, scheming with Il Capitano, lecherous with Colombina and indulgent to himself. He is too self-interested to be aware of spectators, therefore takes no notice of them. Pantalone operates on the assumption that everything can be bought and sold, and this turns out to be true, with the exception of loyalty (and love). But he also loves money for its own sake and will therefore only part with it when there is no other option. He always wants to marry his daughter to a wealthy man and avoid giving her a dowry. When things do not go his way he quickly slips into emotional extremes, particularly enraged petty tyranny. He has a long memory and never forgets or forgives the slightest past transgression. Pantalone is action, not words. IL CAPITANO: IlCapitano is a loner. He is never indigenous to the town where the scenario is set and is able to pretend to high status as a result. His downfall to the level of actual social standing is an essential part of the denouement. Being a Capitan he wore a feathered helmet or hat, huge boots and exaggerated garters. His clothes were sometimes diagonally striped or slashed, but whatever the style, close scrutiny reveals the truth: Magnificent in words, but his purse is always empty and under his beautifully richly damascened cuirass he wears but a frayed and tattered leather jerkin. Il Capitano himself, however, always claims that his  tattered undergarments are caused by the amazing virility of his body hair bursting through whenever he gets angry. Il Capitano appears large, whether physically or egotistically, he is a large presence on stage. He trys to attract attention from women and intimidate men. He wears a mask with a great menacing nose and  fierce, bristling moustaches, which seemed like veritable iron spikes defending the entrance to a citadel only too ready to capitulate. The mask, in its general aspect, was intended to emphasize the contrast between a brave appearance and a craven nature. His signature prop is a long sword that he never actually uses for fighting. His feet are planted apart in order to occupy maximum space, his chest is pushed forward and his back is always straight and tall standing with his hips wide. His walk is a long stride where the heels of his boots come down first, then the foot rolls onto the ball, then he steps again off the ball of his foot giving him rise and bounce in his step so his head can be among the clouds. However, his actual steps are small (he is in no hurry to get to war, but wants to do so with maximum effect). When he hears a frightening noise he drops everything, but only succeeds in running on the spot, head thrown back, arms in the air, kicking his feet forward and howling piteously. When he hears a wolf (or small dog) he shrinks little by little until he has made himself unnoticeable as possible, then scurries away in a crouch. When fleeing from a mouse he adopts a kind of leaping promenade walk in order to prevent it running up his legs. When scared witless he occasionally runs to be seen, to show off his legs. He often stands at attention or with his hand on his sword, nose in the air and his chest puffed out. When hes not pretending to be brave he is cowering with fear. His movements are slow, deliberate and mechanical with his gestures being extravagant and sustained. His speech is loud and proud turning to a squeak when frightened. He was originally employed by Pantalone to do his dirty work for him. They worked  well together as lechers with financial aspirations: IlCapitano to get rich, Pantalone to remain so. Pantalone would often congratulate Il Capitano on his efforts, and then betray him to others. He is almost used as a prop by all the other characters. The whole world is an audience. He stops whenever he sees the actual audience and makes a salutation so that he can be admired. Initially his magnificence may take in the other characters, but never the audience: something in his very first entrance (a trip for example) should give him away. IL DOTTORE: Il Dottore is the head of another family and is often the father of a lover, usually Lelio. He is the equivalent of Pantalone who thinks he has brains. He wears a black academic dress satirising Bolognese scholars, a long jacket with black coat over-reaching to his heels, black shoes, stockings and breeches, and black skull-cap. His appearance is grand: his huge size comes directly from Carnival and contrasts with Pantalone. His mask covers the nose and forehead and sometimes the cheeks, which are red as he is apparently fond of the bottle. His signature props include a book and a white handkerchief. He would stand with his weight back on his heels, belly forward and his hands gesturing in front. He walks peripatetically in figures of eight, using tiny, mincing steps. His walking posture descends while he thinks (out loud, of course) and rises up again on the solution of the problem. When posing, he leans forward with a hand on his face, usually tapping his forehead or stroking his beard in a pensive manner. When posing behind another performer, he sometimes does something malicious such as preparing to knock them out with a mallet. His movements are relatively static in front of the audience. He needs all  the space to himself and gains it by gesturing out from the body as if sowing a seed. He parps like a trombone when speaking and pronounces S as Sh. He is a neighbour and friend or rival of Pantalone (either way, the two are inseparable), and since he is a natural parasite, sees the advantage of being patronized by him. To acknowledge or talk to the audience he needs a context in order to make a direct address the giving of a lecture for example. He gives the other characters a break from physical exertion by his prolixity sometimes to the point where he has to be carried off by them, still talking. For this reason he stays a relatively long time onstage. A survivor, not a target figure like Pantalone. He is essentially belly, not intellect and is extremely vocal. IlDottore is inclined, like Pantalone, to be stingy, but in his case it is because he doesnt have any money. The doctor is an eternal gasbag; he cannot open his mouth without spitting out a Latin phrase or quotation. He believes someone suffers from an ailment, which they obviously do not, and offers to cure them. He spontaneously diagnoses performers on stage, tries to enlist assistance to help him perform experimental surgeries on himself and others, as well as performs random experiments in the name of science and medicine.

Financial Statements Are Important For Investors And Creditors Accounting Essay

Financial Statements Are Important For Investors And Creditors Accounting Essay You are required to discuss and comment on the above statement with reference to academic books, papers, and other published sources that you have read. Consider all the following in your response: Critically evaluate financial statements in terms of its importance, reliability and relevancy to the key users. Response: As stated by Atrill McLaney, the financial statements objective is to provide a snapshot of the financial position and performance of a business ( Atrill McLaney, 2008). The Financial Accounts of a company describe the performance of the company in financial terms. They are summary of the extensive activities of a business designed to provide true and accurate pictures to stakeholders (Woelfel, 1994). In todays world, the financial accounts of a company will be of interest to wide variety of users called stakeholders (DL MBA Material, 2003). As discussed in DL MBA material, some of stakeholder of a company can be owners, lenders, investment analysts, managers, employees, customers, suppliers, competitors and government agencies. The following briefly discuss characteristics of financial reports which would be interested to each party (DL MBA Material, 2003). Owners The shareholders of companys are ultimate owners. The shareholders invest their money into company hence they are concern with profitability, dividend and future prospects of the company. Their main concern is reliability of information available to them to decide their future expectations or course of actions (DL MBA Material, 2003). Lenders They are the financial institutions who lend money to a company for its regular operation or business expansions. They perform detailed analysis of company accounts and make decision to lend money. It helps them to understand the financial leverage of the company by analysing the different leverage ratios like debt-to-equity ratio etc. They determine the fixed assets of the company in order to cover up any eventuality. They decide the repayment ability of companies towards borrowings (DL MBA Material, 2003). Investment Analyst They are risk-appetite traders, individual investors, and financial institution looking for business opportunity to invest money into a company. They often use companys account to evaluate the future growth and profitability of a business. One of their main concerns is growth potential of the company their share price performance in stock market (DL MBA Material, 2003). Managers A companies managers intention is to analyse the financial accounting and find the direction of the efforts being put to achieve corporate objectives. They usually determine the company performance based on exhaustive internal accounts. Their individual performances get judged by the producing good accounting figures (DL MBA Material, 2003). Employee They would be concern about future of company stability and would be looking at accounts from company profitability, growth, long term business and truthfulness of information (DL MBA Material, 2003). Customers- They often sees companys account to determine the strength of the potential vendor to satisfy their commitments (DL MBA Material, 2003). Supplier- They often sees companys accounts to determine the credit facilities payment terms (DL MBA Material, 2003). Competitor- will be interested to see the accounts to gain any advantage which they can make use of (DL MBA Material, 2003). Government agencies- Tax authority will take closer look into a companys account to identify any discrepancy in the account by overstating or under standing profits. Hence the key criteria would be to check accuracy, verifiability truthfulness (DL MBA Material, 2003). The different users of accounts got different motive to look at it and they got different requirement like fairness, truthfulness, performance, repayment capacity, financial leverage, liquidity and cash flow of a company. Question 2 : Review the shortcomings of HCA model when prices are rising and explain why financial reports under the HCA are subject to some major limitations (e.g. inventory is undervalued, the depreciation charge to the income statement is understated, balance sheet values are understated, and periodic comparisons are invalidated). Response: The historical cost accounting is a convention in which asset values are based on the actual amount paid for the assets with no inflation adjustments. The historical cost conventions mention that the value of assets should be accounted on their acquisition cost (Atrill McLaney, 2008). It does not take into account inflation though there are certain adjustments like depreciation, depletion and impairments (www.money terms.co.uk, 2010). It relies on an assumption that the purchasing power of money is constant through out and does not change with time. Under historical cost approach, the inventories are reported in balance sheet at cost. However, there may be reduction in realisable value of the inventories due to obsolescence, deterioration or saleable price changes; hence historical cost approach does not account for this change (Hawawini Viallet 2007). It is often said that the weighing assets at their current value would provide a more truthful picture of the financial position of a company and would be more meaningful to wide range of audiences for decision making. But at the same time it has got reliability problem (Atrill McLaney, 2008). With rise in price, HCA will not be able to capture the change in valuation of underlying assets as it records the value of assets as historical cost. Hence, increase in the value of assets will not be reflected in a company balance sheet. Due to this the balance sheet will not present the true financial position. As a result, in the time of high inflation, profits will be overstated and tax liability will increase. Again with price fall, similar problem will be observed but this time real asset value will be less than the historical cost hence overstating the assets on the balance sheet undermining the profits the tax liability will decrease. The depreciation adds more complication to the problem. The cost of assets generally spread out over a number of years of its usability life time at the price paid at the execution of a transaction. The depreciation affects the carrying value of the asset. HCA does not consider the real value and hence depreciating original value does not show true picture. Question 3: Why has the HCA model survived in spite of its limitations in times of inflation? Response: The HCA model is traditional accounting model and there are many reasons for its survivals. It is straightforward, simple and reliable. There are certain limitation with net market value, depreciation, price rise fall and inflations but at the same time other accounting systems largely faces concerns around reliability, appropriateness, quality truthfulness of information (Johnson, 2005). As per Johnson, the historical costs though not fair but much more reliable. Hence many instances, the importance is given to trade-off between historical costing and other advanced fair value practices in much larger perspective (Johnson, 2005). The foundation of HCA is a real transaction which has happened and the money has been paid for that transaction. Hence the cost value is a real not fictitious and has its root in that transaction. It is not about calculating somewhat imaginary or hypothetical cost. The main advantage of using historical cost accounting is simplicity and certainty. The other advantage is it gives managers ability to forecast future operational costs. Hence in spite, many experts argue that the fairness of the method is far from real value, it still continue to dominate the accounting world. Question 4: Discuss the features of current income and value models (e.g. Current Purchasing Power Accounting (CPPA) and Replacement Cost Accounting (RCA) models) that have been suggested to replace or operate in tandem with the HCA convention. Response: As per Nobes, current purchasing power or general purchasing power accounting systems are based on historical cost accounts adjusted with general price index numbers (Nobes, 1992). In case of current purchasing power accounting, the original purchasing costs are corrected by correction factor based on some general index like retail price index. The corrected purchase cost is then used to calculate the balance value of the assets in order to record in the balance sheet for that year. Hence it represents more realistic value for non-monetary assets. Ahmed argues that the replacement cost accounting measures replacement cost in units of money. He argues that the replacement cost income is equal to the difference between realised revenues and their corresponding replacement costs in units of general purchasing power (Riahi-Belkaoui, 1996). As per Drummon stickler, the replacement cost is the amount of cash or cash equivalent that would be needed presently to acquire equivalent assets which can provide same function as the original asset. The method consists of estimating the cost of a new asset as argued by Christina (Drummon stickler, 1983). The important characteristic of replacement cost accounting is to capture the effects of changing prices and ultimate changing value of the items. The key feature of both techniques is to capture the loss or gain in the value of non-monetary items such that the effects of inflation or deflation can be captured in the balance sheet to make it more accurate. Question 5: Critically evaluate the virtues and defects of these alternative models. Response: The main characteristic of the alternative models like current purchasing power accounting or replacement cost accounting is a mechanism to capture the loss or gain in the value of non-monetary items on the current valuation basis. It helps to record assets on the balance sheet with realistic values. The balance sheet can portrait true picture of financial position of an organisation (DL MBA Material, 2003). It can accommodate the effects of inflation or deflation make financial statement more economically relevant. The main drawback of the alternative models is changes in the prices are captured but these are not based on actual real transaction. These models are complicated and values are subjective. It may happen that the general Consumer Price index or inflation has gone up but the impacts on assets have been reverse or not that significant. In such case, the resultant value will be erroneous. Hence they lack in reliability.

Julius Caesar Essay -- essays research papers

SUMMARY: Shakespeare's Julius Caesar is the story of the resulting conflicts from the assassination of perpetual dictator and Roman emperor, Julius Caesar. A great friend of Caesar, Mark Antony, comes to the senate to see the dead body of their dictator. He pretends to not be angry at those who took part in the assassination, and asks to speak at his funeral, a request which he is granted. However, after the men leave, he begins a soliloquy in which he suggests that Caesar's spirit will take revenge upon his murderers and invoke a war involving the entire country. Antony begins the revenge of his death by speaking at the funeral about the wrong done to Caesar, the man's generosity to the people, and how Brutus tried to persuade them to believe his justification of the murder. The crowd turns to agreement with Antony and then accuse the conspirators of murder. The accused men flee, eventually leaving the bounds of the city, and the citizens leave to loot and burn the houses of the guilty men. The armies of Brutus and Cassius set up camps near another city and knowing that Antony's soldiers are coming, they decide to march toward the enemy at once. The fighting begins with the confrontation of the two sides, as Cassius' and Brutus' armies arrive. Antony and his partner challenge the assassins to fight, and the bloody battle begins. The armies of the conspirators fall into vulnerability many times, and their side does poorly, losing many men. Cassius hears mistakenly that one...

Restaurant Management Essay -- Running Restaurant Managing Essays

Restaurant Management   Ã‚  Ã‚  Ã‚  Ã‚  Running a restaurant can be one of the most stressful jobs as well as the most fun and rewarding jobs. If the manager is a good leader with excellent leadership skills and has great followers the restaurant will be rewarded. If not the restaurant will plummet in sales and no one will be pleased. While developing a business. staff is important to running a successful restaurant, it is also essential that management focus on its public relations as well as its sales and marketing strategies.   Ã‚  Ã‚  Ã‚  Ã‚  Staff developing is vital for restaurants to run smoothly. A restaurant is composed of two sectors; a Front of House (FOH) and theirs a Back of House (BOH). The front of the house is what is visible to the customers? eye. Customers can not see the back of the house. Back of the house is where cooks prepare the food and where the dishwasher is located. Manager Brian Aycock explained that if a manager develops his staff, it makes the restaurant run smooth. The store will profit, the employees and the guest will be satisfied (Aycock). If the staff is not getting along, a lot of tension will grow inside the restaurant and co-workers will not work with one another as a team. In return the customers will not be happy and the profit will not be as desirable. When customers are not happy with the visit they had at the restaurant, they will then spread the word to all their friends.   Ã‚  Ã‚  Ã‚  Ã‚  Each staff member of the restaurant should have nice and clean hygiene along with good manners. Having good hygiene is very important whether an employee is waiting tables, washing dishes, or cooking. If an employee does not shower friction will start to grow between the staff and no one would like to work or even be around that employee. Working in the food service industry with overgrown nails or dirty nails is against the health code and could contaminate the food being prepared by the employee. Being around a customer with bad hygiene could possibly hinder the customer from having a memorable time at the restaurant. Having good manners is also mandatory for every staff member so that no problems can surface between the staff and customers. Steve Marchetti explained that each employee are to meet the minimal standards set forth in the employee handbook and also deliver on the company?s commitment to their customers (Marchetti). A restaurants commitment... ...ded once they see that the sales will be increasing and tips will be larger. Good staff will increase good public relations which will result in better business. Marketing a restaurant is the most important part in running a restaurant. If a restaurant is not marketed, no one will know about the restaurant causing it to lose money to operate forcing it to close down. Prices on the menu should always be appealing to the restaurant target market and set towards the products on the menu. It is essential that a restaurant develops its staff to the fullest, for a strong staff creates better sales and the public is pleased .   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚   Works Cited Aycock, Brian. Restaurant Management. Wilmington, NC. 10 February 2005. Marchetti, Steve. Restaurant Management. Wilmington, NC. 9 February 2005. Marketing Strategy. Internet Center for Management and Business Administration, INC. 24   Ã‚  Ã‚  Ã‚  Ã‚  January 2005, . Stone, Bob. Successful Direct Marketing Methods. Lincolnwood, Illinois: NTC Business   Ã‚  Ã‚  Ã‚  Ã‚  Books, 1989. The Sample Business Plan. Kundo Inc. 27 January 2005.      Ã‚  Ã‚  Ã‚  . Wasserman, Michael. 15 Techniques When Dealing With Customers. My Success Company.   Ã‚  Ã‚  Ã‚  Ã‚  25 January 2005. .

Importance of Time Management Essay

Time management is important in any situation and most people have difficulty getting started. Time management is a skill that you have to learn. Time management is a life style. The best place to begin working on time management is by changing your behaviors and your environment. The definition of time management is: getting everything done in the allotted amount of time. It is a budgeting process of effectively using the time you have and getting rid of â€Å"useless† time. Organizing your activities in a sequence that best utilizes your time. Time management includes your personal life and business life. Time management is efficiency of your time. Analyze your current time and think how you can make better use of your time. One of the greatest assets a business can have is an employee who uses his or her time to its fullest potential. Time management is not an instinct, and instead, must be learned. Unfortunately, few schools or parents teach children basic time management skills. Using time wisely allows a person to complete tasks in an allotted time period, take on additional work, or spend more time with family. There are many things in an office environment that prevent effective time use. Interruptions are time-wasters, especially since items one may consider urgent are not necessarily important. There is no way to preplan the time and duration of an interruption, which may cause a loss of train-of-thought, difficulty concentrating, or complete memory lapse. Although it is difficult to avoid interruptions, there are methods for limiting their duration and impact on your schedule. In his book, The Effective Executive, Peter Drucker describes the technique of an executive for whom he once worked. Drucker met with the executive once per month, for an hour and a half. The meetings were never interrupted because the executive pre-planned a half-hour of time after the meeting in which to retrieve messages and return calls. The executive believed that there was no crisis in his business which could not wait 90-minutes. Additional suggestions for avoiding or limiting the duration of interruptions include: 1. If possible, rearrange office furniture to form a subconscious barrier between visitors and yourself. Seat yourself in a position where you are able to see the entrance to your space. Place your computer, desk or a table between you and the door. Although system furniture is a popular, cost-effective solution to furnishing open office  areas, it doesn’t lend itself well to this suggestion. 2. When visitors approach you, only turn your head toward them. Leave your body turned toward your task. This posture should inform the interrupter that you are occupied with a task. 3. Request that a receptionist screen calls, especially when meetings or high priority projects are in progress. Shopping mall A shopping mall is a modern, chiefly North American, term for a form of shopping precinct or shopping centre, in which one or more buildings form a complex of shops representing merchandisers with interconnecting walkways that enable customers to walk from unit to unit. A shopping arcade is a specific form serving the same purpose. Many early shopping arcades such the Burlington Arcade in London, the Galleria Vittorio Emanuele II in Milan and numerous arcades in Paris are famous and still trading. However, many smaller arcades have been demolished, replaced with large centers or â€Å"malls†, often accessible by vehicle. Technical innovations such as electric lighting and escalators were introduced from the late nineteenth century. From the late twentieth century, entertainment venues such as movie theaters and restaurants began to be added. As a single built structure, early shopping centers were often architecturally significant constructions, enabling wealthier patrons to b uy goods in spaces protected from the weather.

Choosing a College Course Essay

Introduction Many students find it difficult in choosing what course to take in college. For seniors or graduating high school students, the pressure goes higher as the end of their term is coming because the time is running and decreasing for deciding what course they will take. Choosing a course is really a hard decision to make. Your future depends on it and the decision you will make would determine what life you will have in the future. This is the first step in your life as an independent person and this is the first step for your success. You should be careful in choosing a course because when you have started on it there is no way getting back. You can shift to another course but a lot of thing will be wasted: your effort, money and time. So from the start you should pick the right one and you should make up your mind that this is the course for you and this will lead you to success. Many would say that they haven’t chosen yet or they were not sure about the course they want to pursue. Some might have chosen before and decided what to take but in the end they want to change it because they weren’t sure or still confused. And the wide range of choices of college courses made it more difficult to choose. But you are not really â€Å"clueless† in choosing what course to take, there are some factors you would consider and this might help you pick the suitable and best course for you. Your Personal Interests The most basic consideration in the choice of a college major or college course is, of course, what you want. Is there something that you’ve always wanted to get into, something that resonates within the very fiber of your being? If so, that may be where you’re meant to go. The more interested you are in a subject, the more likely you are to study it and achieve a strong result. This is particularly important at college when you are responsible for your own study. List the fields of study that interest you, and come up with a list of courses you would consider studying based on these interests. Add the topics that you were most interested in during school as well as jobs that you envied others for. At some point, many students try to fit in a course or two based purely on personal interest. While their majors may reflect their primary interest, most people are interested in more than one intellectual pursuit, so a biology major who has a passion for movies might take a film course. This is not necessarily what are you good at, but what do you love doing? You might be great at math, but you spend your weekends fixing up bits of old computers. So don’t study math, focus on IT or computer engineering instead. Specialize in your passion. Cost Of Study Affordability is another aspect you need to consider while deciding on your course, as well as the additional costs that occur, such as text books, field trips etc. However, do not let cost hamper your career choice, as there are a number of financial assistance options available to complete the course. College tuitions soar each year, advancing far in excess of the inflation rate. The overall inflation rate since 1986 increased 115.06%, which is why we pay more than double for everything we buy. On the other hand, during the same time, tuition increased a whopping 498.31%. See chart below Many schools have increased tuition fees due to higher overhead costs. Fuel and labor costs continue to rise. Many older college buildings are in need of renovation or replacement. The demand for expanded libraries and new research and computer labs is at an all-time high. Some schools also need additional security measures. But Don’t Let College Costs Scare You! These costs may seem overwhelming, but there are ways to keep expenses down. Remember that college educations come at all levels of cost, and that financial aid can reduce that cost. If a school is a great fit for you but seems too expensive, it makes sense to apply and then see whether your financial aid offer will bring the cost down. Don’t give up on a college because of its sticker price. Financial Aids Grants and scholarships are the most desirable types of funding you can receive to pay for your college education, since they don’t need to be repaid. While any amount of free money will be competitive, especially in a tough economic climate, the sooner and more often you apply the more luck you’ll have. The list of reasons why a scholarship may be given to a particular student is quite long, although some of the more popular awards are given to students who achieve academically, are athletically gifted, choose to enroll in a particular program of study, are part of a certain kind of organization, or choose to enroll in the military and still further their education. A scholarship might cover the entire cost of your tuition, or it might be a one-time award of some cash. Either way, it’s worth applying for, because it’ll help reduce the cost of your education. Career opportunities Look at the career prospects of the course before selecting one. Consider various factors such as income, job security, stress, responsibility and other benefits while researching a profession. Not all courses are created equal. Yes, they all offer a diploma upon completion, but they don’t guarantee a job. When you are choosing a major, it would be wise to check out the job placement statistics of others who have pursued this degree. There is no reason why you should be the guinea pig; if a specific career is your reason for choosing this major, investigate the success of others. If you want to avoid a data entry position, check out all of the opportunities available and your chance at landing one of those positions after graduation. Commitment, Time and Practical Considerations Choosing a college course requires you to look inwards and assess your commitment to your chosen path. Assuming that you have the issue of money and other practical considerations settled, do you actually possess the skills and the patience to go the distance? Moreover, do you actually want to do so? There’s also a chance that your parents may be expecting you to tread a certain academic path; will you have the strength and the will to stick it out against all odds? You should also be aware of what you’re getting into when choosing a college major. What will your college course require you to do? Are you willing to do it? As a case in point, if you’re squeamish about the sight of blood, why should you decide to go for a Nursing Degree? To be certain that you will be committed to your studies, find out the duration of your course. Taking double-degrees, full time or part-time depends on your personal choice. Ensure that you will be able to balance your other priorities along with education. Study flexibility varies amongst universities. Demand If your goal is to be employed immediately after graduation, base your choice not on popular courses, but on employable courses, or courses that are the most in-demand in the job market. Job seeking is becoming an increasingly competitive sport these days. With thousands of students graduating each year and limited number of job opportunities available to them, plenty of job seekers end up resorting to options they wouldn’t had to choose if they had other alternatives. These days, there is no time to get into a career and then decide if it is the right one for you. You should know right from the beginning what is right for you and what career you can excel in. Thanks to the very competitive nature of the employment sector, getting the right job or choosing the right career is not as easy as it once used to be. Everyone is looking for help in deciding what career should be chosen. Obviously, in today’s competitive world, everyone wants a job or career that has high pay, job stability, and great future prospects. However, owing to the bad effects of the recently experienced economic recession, a majority of people are looking forward to changing careers. The careers that are being sought after are top jobs in demand for the future, which are mostly from the medical field. The main reason why medical jobs are and will be in demand is because they do not have any impact of the financial crisis arising in the economy. So if you want to secure a job in the future, pick a course that is in demand after you graduate. Conclusion Even you have known some things that you might consider in choosing a course, the choice is still yours and the one who will decide is no other but you. Choose on what you think is the best for you and what you think that will give you success. But remember that even you have chosen a course that is qualified for all the factors listed and will give great results, it not ends in there. The most important thing is in everything you do always give your best shot. Work hard for everything you want to achieve and accomplish. Don’t quit and never give up. And most of all ask God for help and guidance in everything you do. Pray for it. God has the best plan for you. When you do all these things, I’m sure that whatever course you will take, you will be successful and you will have a wonderful future.

Human Resource Management in Innovation (New Zealand) Term Paper

Human Resource Management in Innovation (New Zealand) - Term Paper Example Considering that exit of every key employee costs the company up to $1200 NZD, the organization needs to focus on hiring the best staff. The human resource would rather leave a vacancy open than recruit an unfit employee and even spend more time searching for high-caliber employees. Among the acquired employees, the organization also needs to focus on identifying and retaining the talented and outstanding employees, considering that these employees are in high demand by competitors. This is to ensure that employees who make real difference with regards to performance of the organization are retained (Taylor and Chartered Institute of Personnel and Development, 2002, p.11). The human resource also needs to redesign the orientation program for new staff and ensure recruitment of right persons with the right attitudes and expectations. This is in consideration of the fact that many employees have left due to their belief that the company presented unprofessional old-fashioned image. Many organizations face highest staff attrition rates within the first few months after recruitment. Employees’ first experience with organizations should be positive to enable quick assimilation into the organization and to make them feel proud to have been recruited. First impression transforms to staff morale, which is a major factor that contributes high to staff turnover rates (Bittel and Newstrom, 1992, p.181). The company should seek to improve wages and benefits to employees considering that high rates of staff attrition have resulted from low wages and general benefits to employees. The company needs to allocate more funds to match wages to employees and benefi ts with market rates. Market-based compensation aspects are tied to the recommendations that, instead of making compensation comparisons within the industry alone, the human resources should undertake comparisons with specific competitor markets such as Australia, which absorbs approximately 3500 employees from the New Zealand employment market every month. Skills are not only transferable in industries but also across industries and markets and industries. Compensation and equity of a company needs to be comparable with competitor market rates since unreasonable negative deviation from markets rates would drive away existing employees. Among compensation issues, equity is a vital issue that needs to be balanced with regards to long existing staff and currently hired staff. Long existing staff have the propensity of leaving employment incase incoming staff are paid more proportionally. In addition to market rates compensation and equity, incentives plan such as milestone bonuses and performance awards provide employees with something to anticipate and work hard for.

In what ways does social class and cultural capital have an impact on Essay

In what ways does social class and cultural capital have an impact on consumer behavior - Essay Example Somewhat a form of object worship, some consumers in society in higher social classes, as one example, tend to prefer the outward presentation of consumed products to reflect their social standing. Cultural capital is a bit different than social class, consisting of the values, beliefs and individual tastes that provide differentiation between one member of society and another. Oftentimes, cultural capital is not necessarily determined by social class. It is important, especially for companies attempting to market their products, to understand the social class characteristics and cultural capital of segmented members of society in order to create relevant communications and promotions that reflect these values and social hierarchies. Why is this? Oftentimes, it is the psychological premises pre-existing within consumers that determine their willingness to make purchases of generic or luxury products and marketers must align their selling practices with these values and beliefs. To be tter understand the level to which social class and cultural capital impact consumer behaviour, the project explores the concept of conspicuous consumption, status consumption, and also the imperatives of service quality in relation to consumption behaviour. It can be reasonably concluded that there are many disparities between social class and cultural capital, as well as changing attitudes and values associated with reference groups and their role in self-assessment that make it difficult to classify, concretely, the correlative relationship between social class and cultural capital. However, both influence consumption behaviour in their own distinct fashion. Social class and the relationship to consumption behaviour In the United Kingdom, there are five distinct social classes that are determined by occupation and income resource availability. There is the lower class which is on the lowest echelon in the social hierarchy, consisting generally of individuals making ?15,000 annual ly and often holding minimal educational credentials. This follows with a working class that is slightly more resource-rich than the working class, a lower middle class segment, and an upper middle class that generally holds higher-paying administrative and managerial jobs at approximately ?62,000 annually for the single household. Followed with this is an upper class that maintains high capital resources and generally a substantial educational background. Why is understanding the social hierarchy between classes important in understanding consumption behaviour? Henry (2005) performed a primary research study that involved participants from the working class and different levels of the middle class to determine what factors determined their unique or collective consumption behaviours. Henry (2005) hypothesized that class status would determine empowerment or disempowerment in consumption practices that would be impacted by economic factors and psychological impressions carried by th e different classes. The findings of the study indicated that those in the working class felt highly disempowered, believing themselves to be in

Reflection of Liquid Based Cytology Case Study Example | Topics and Well Written Essays - 2500 words - 1

Reflection of Liquid Based Cytology - Case Study Example The frameworks make the process of reflection easy. There are many frameworks.   Gibbs model is a reflective cycle which is a straightforward and recognized framework for reflection wherein it enables clear description of the situation of the patient, the analysis of feelings, evaluation of the experience, analysis to make sense of the experience, conclusion where other points are considered and reflection upon experience to examine what you would do if situation arose again. Description of the situation involves recollection of the condition of the patient, the signs and symptoms, and the initial evaluation parameters when the patient got admitted. Analysis of feelings involves evaluation of the feelings of the nurse towards the patient and also the feelings of the patient during the course of treatment. Evaluation of experience involves evaluation of the negative and positive actions of the nurse at that particular situation. The analysis involves evaluation of the impact of the actions of oneself on the condition of the patient, whether the actions cause improvement or deterioration of the condition of the patient. 40-year-old Lucy (Name changed due to confidentiality reasons according to NMC code) was referred for cervical cancer screening. Lucy apparently had no health problems. She was the mother of 3 children. She was accompanied by her husband. Lucy was apprehensive and nervous about the procedure.  She had many doubts regarding the test. She asked me whether the test had any side effects, what were the benefits of the test, whether the test was fail-safe and as to what would be the next step in case the results were abnormal.     Ã‚  

RESEARCH AND CRITIQUE Essay Example | Topics and Well Written Essays - 1750 words

RESEARCH AND CRITIQUE - Essay Example In managing a system such as this, the primary side of the IT infrastructure is through the use of the barcode system as it is used to create orders. Fortunately, the technology is readily available, so easily gained that any person can go out on the internet and create a bar code for this type of use. In using a virtual store environment to increase sales and diversify locations without the investment of stock, the management of such a system is minimally necessary and highly dependent on the available external systems of bar code creation and reading. IT Management The good news with creating a bar code system for a virtual outlet concept is that the costs are low and the management of the system is primarily concerned with the calculation of orders and the distribution of product. The application that is used for the system is a free download from a variety of resources for the consumer and the creation of bar codes can be done by anyone who has accessed to the internet and to a s ystem that allows for the complete functionality required. Horizontal service level agreements are created when a company uses an external resource for creating an integral part of their IT business model infrastructure. The problem that can come from a horizontal service agreement is that the service will be limited by the terms of the agreement and collaborative structures may not always be part of the agreed upon items that an external resource is willing to address (Beulan, Ribbers, and Roos. 2011). A company like Tesco uses internal resources in order to handle this side of the process. In creating a system in which sales and order calculations are integrated with inventory and distribution, the company is able to control their system and devote full attention to the issues that arise. On the other hand, a vertical agreement is made for application management. The service is offered on a per application basis is concerned with the whole process and is a much more amenable type of agreement (Beulan, Ribbers, and Roos. 2011). The nature of the agreements are made through this type of encompassing responsibility because an application will not work if the whole process is not attended, thus in this way, the external resources are using the same sort of theory that Tesco has designed, which is an internally controlled system that will work or will be worked on until it does work. This is good business as an application has no value if it does not work. In managing the IT infrastructure for a e-business model concept, a great number of pitfalls can occur. According to Sparrow (2003) the smartest way to manage IT infrastructure is to outsource the management of IT elements selectively. The management of specific parts of an IT system can be sold to different providers. Academic research has shown that the most successful businesses will have selective outsourcing strategies. Tactical outsourcing occurs when specific problems are beyond the capacity of internal resources to manage. Strategic sourcing occurs when a company looks for a designed package of resources from which to outsource their needs, creating the highest level of product for the lowest possible cost by using different sources for different aspects of the structure (Sparrow 2003). In sourcing is, however, almost universal as most businesses will retain some of their IT management in house. It is not always the most reasonable

Textual Analysis Essay Example | Topics and Well Written Essays - 750 words

Textual Analysis - Essay Example Mill’s theory as demonstrated in the book is not a social contract theory, and Mill has no hypothesis about the state of natural rights and nature (Mill 1978, 23-34). On the contrary, he states that his theory is justified by his moral theory and utilitarianism. Mill’s own political writings justify his belief that interaction with conflicting ideas and opinions is important to any comprehensive knowledge and to liberty itself. In fact, as revealed by Elizabeth Rapaport, one of the most prominent themes in the book is the significance of allowing unorthodox thought, to act as one of the guarantors necessary for freedom (Rapaport 1978, 9-12). According to Rapaport, John Stuart Mill calls the silencing of expression a weird evil, and demands that everybody should be allowed to speak and think freely, even if those in power do not agree with them (Mill 2008, 56-66). The words† political liberation† have been used mostly in the recent times by politicians, histo rians, philosophers and many others. The core principle of political liberalism was largely made current by Locke’s â€Å"Second treatise of Government† (1690) (Locke 2010, 12-15). The rule of law, individual liberty, the right to private property and government by consent of the people are just some of the issues taken for granted as fundamental to the human condition in the current world. As a source of their ideas, most liberal theorists today base their arguments on Locke’s concepts of governance (Locke 2010, 78-80). To some; post modernism, religious fundamentalism and socialism remain the ideological threats to liberalism. If this stands out to be a fact, then these ideologies attacks on the ideas that Locke, compared to any other, was influential in making the universal vocabulary of political discourse (Locke 2010, 132-150). The ideas of Locke and Mill with regards to political governance are quite similar. It is therefore a right argument that in his bo ok â€Å"The Second Treatise of Government† Locke supported the idea of political liberty as indicated on Mill’s book â€Å"On Liberty†. John Locke sets out to explain how political society emerged, how political society emerged, how the government or state has both the legitimacy and limits to political society, and how natural rights is a common reality to everyone (Locke 2010, 39-56). Locke starts by focusing on the idea that at the beginning, human being lived in perfect liberty, an anarchistic and stateless society. According to him, everybody enjoyed the full advantage of liberty during that time. However, this extensive liberty resulted to others abusing the liberty of others. For this reason, he argues that people came together to form a state and therefore the state was formed under social contract having specific obligations (Locke 2010, 156-169). If the state exceeds those obligations, and becomes an institution that oppresses the natural rights of in dividuals, then its authenticity is definitely lost, and can be rightly removed from power, so that the social contract can be established. The book, The Second Treatise of Government has been of great influential since its publication. It has been a foundation for social contract theory which outlines the legitimacy and the limits of governance in regards to individual liberty (Locke 2010, 67-78). On his part, Mill claims that most of humankind is mediocre. Therefore, everyone should be encouraged to grow and develop his mind because the progress of humanity is