Mnc Companies Are They Devil in Disguise free essay sample

Expanding the opposition between government organizations and privately owned businesses. 2) There is no professional stability. 3) Not expanding the way of life of each class. 4) Youngsters just are landing positions, not the grown-ups. 5) There is an age limit in MNC’s , by one way or another around 40s or 45s. 6) prompts waste of riches to outside nations. 7) because of appropriation of capital serious methods for creation part of individuals are jobless. MNCs are unquestionably not demons in camouflage. Most recent advancements and developments are gotten India by these MNCs.They give openings for work and a superior activity outline for their representatives. They guarantee worldwide introduction, giving more noteworthy extension for learning. MNCs support re-appropriating, giving openings for work. Nowadays open part occupations are constrained and the associations under it are degenerate. MNCs joint endeavor with some Indian organizations for formative works. MNCs pay all the more prompting monetary increases and accordingly increasing the expectation of living. Rivalry has expanded between the organizations prompting creation of savvy and better quality items. We will compose a custom exposition test on Mnc Companies: Are They Devil in Disguise or then again any comparable theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Eg) Due to the unrest in d versatile correspondence, the expense of the handsets and call runs after are brought. So here there are benefits just as misfortunes. However, the primary concern is that by the coming MNCs in our nation are making open doors for the new age. The outside money is in now in our nation additionally so we can import and fare more thing. Furthermore, yes by these MNCs the new advancements and inovations are occurring. That is the reason our countrys financial condition is improving. So the MNCs can't be villains in camouflage.

Diaspora Assignment Essay Example | Topics and Well Written Essays - 2000 words

Diaspora Assignment - Essay Example Croatian individuals have been predominant in numerous fields in the Australian culture, particularly in the brandishing field where they have had such an incredible effect by involving the lion's share players in most Australian football clubs. This paper gives a basic investigation of the Croatian diaspora in Australia, improvement of media in the Croatian diaspora network in Australia, and instances of how media thoroughly analyzes to predominant press on same key issues in the network, in addition to other things. History of the Diaspora The idea of the diaspora became out of the noteworthy experience of dissipating Jews outside their local grounds and it infers that an entire network, typically a country occupying a conservative domain, experienced a constrained scattering. This idea was made mainstream in the human science of movement during the 1990s and the connection between the dissipated networks and the country is essential in characterizing the diaspora (Raggazi, 2009, p . 1). The country for outsiders is a wellspring of personality, notwithstanding being their wellspring of qualities and dependability; it tends to be commonly comprehended that each diaspora is a vagrant network as a result of the cognizance of having a place with a typical country or potentially an inaccessible country and following up on this awareness that in the end characterizes the diaspora. Diasporas are regularly meanings of truly suffering forceful enthusiastic connections to the country, as a rule concerning some chronicled foul play that requirements change (Colic-Peisker, 2008, p. 158); the Croatian Diaspora in Australia was in light of the Yugoslav emergency of the 1980s and the war for autonomy and its aftermaths. The average sentiment of a lost country and shocking outcast among the outsiders and the need to change the notable complaints felt by a lion's share of the Croatian emigres prompted the ascent of diasporic transnationalism (Colic-Peisker, 2008, p.158). The e migres accepted initiative of Croatian people group outside Croatia and concentrated on the battle for Croatian autonomy from the socialist Yugoslavia, and by 1991 when Croatian freedom was affirmed by the disappointment of socialism, Croatian emigres everywhere throughout the world were known as a seriously politicized diaspora commanded by patriot pioneers. The most vocal piece of the Croatian Diaspora in Australia had strongly enthusiastic and political association with the country, and its declaration of hostile to socialism and separationist plan made it an obvious instance of significant distance patriotism. The Croatian diasporic patriotism had two pinnacles: the 1970s after the Croatian Spring, Yugoslav Communist specialists had smothered a Croatian patriot development in 1971, and during the war for Yugoslav progression in 1991â€1995, which politically prepared countless Croats in Australia. Advancement of Media improvement in the Croatian Diaspora in Australia has been smothered by absence of opportunity of the press and the progressive continuous media control that tries to restrict the impact of media both in the diaspora and in the country. In the old Yugoslavia, the Communist government controlled media and the Croatians realized just a restricted scope of data, and forward-thinking, the Croatian media isn't yet free and unprejudiced. For example, Karolina Vidovic, a Croatian writer whose program has been

Why do we care so much?

Presentation. Individuals by and large quest for positive criticism relating to oneself, so as to keep up a positive mental self view. Individuals likewise by and large don't look for outside criticism that precisely mirrors their mental self portrait, yet rather a reasonable mirror that shows constructive pictures of oneself, which serve to ensure their own confidence. (Brehm, Cassin, and Fein, fifth ed. 1998) Definition. Thusly, Tesser's self-assessment support model expresses that the presentation of others in our social surroundings can influence our self-assessments, (Taylor and Brown, 1988). When an individual we are near performs well on an errand, what will decide if we will respond emphatically or contrarily to that conduct? Elements. There are three (3) powerful factors that lead to having positive or negative musings on others victories when managing oneself. They are urgent in understanding the possibility of confidence upkeep. The variables are Performance, Closeness, and Importance. Execution is the most straight forward, and expresses that one will settle on choices about their sentiments towards others, in view of how well that individual performed on a similar undertaking that another has just finished. address 2/13/03) This is made by an estimation or some likeness thereof. For this situation, Satoka got a higher evaluation then Steve and Sarah on the test. This caused Steve to show sentiments of desire towards Satoka, anyway Sarah, having gotten a similar evaluation as Steve, was detached because of different components. Closeness is somewhat trickier to manage. It has to do with the connection between the two individuals being referred to. On the off chance that they are firmly related, one would start to guess that they would be glad for one another's triumphs. That isn't what the information recommends. Steve, Satoka and Sarah, in the given issue, are on the whole exceptionally dear companions. The information recommends that this nearby bond will cause some strain and maybe set up rivalry that could prompt jealousy and inconvenience toward Satoka. (address 1/13/03) The remainder of the three elements is Importance. This is a critical factor in light of the fact that, if the errand being referred to isn't that imperative to one's self-idea or upkeep of high confidence, at that point the individual essentially won't care enough to let it have any effect on him/herself. (address 1/13/03) Steve and Satoka in this model, are both hopeful brain science majors, which is the thing that makes this factor so critical, and makes this test score so essential to their self idea. They have built up a subliminal rivalry. Realizing that Satoka has improved then him on the test, could cause Steve to feel undermined. Satoka may now be a superior contender to be a psych. Major on account of his boss execution on the test. This test anyway isn't of urgent significance to Sarah's idea of oneself, since she isn't in a field identifying with brain research. Along these lines, she has an apt response to the test score, and Satoka, Processes. In view of the earlier portrayal of the variables, and how they identify with Steve and Sarah's response in this circumstance, one can additionally construe procedures to represent their responses.. The principal procedure is called correlation. The correlation procedure expresses that if someone else who is near you, on an errand that is of significance to you, out performs you, you will show hatred, or feel severely. (address 1/13/03) The subsequent procedure is Reflection. As it's name proposes, this is the point at which you consider another person's prosperity, and you like yourself, since they performed well. This is the procedure that Sarah is epitomizing. Recuperation. There are three things that Steve can destroy, (one connection with every one of the components) so as to mitigate himself of this weight of negative emotions towards Satoka. (address 1/13/03) The first is that he can change his presentation on the assignment, (improve on the test) and that will prompt a superior inclination when contrasting and Satoka's high score. Something else he can do is change how close he is with Sataoka, which means, he would separate himself in the fellowship to help spare positive confidence. In conclusion, he could change the measure of accentuation or significance that he puts on the test. One arrangement is change majors. (address 1/13/03) Conclusion. The possibility of self-idea support is one that the normal individual arrangements with in a run of the mill day over the span of his/her cooperation with companions and outsiders. On the off chance that the populace is all increasingly mindful of why we feel the manner in which we do about specific things, it may be conceivable to forestall a great deal of the negative threatening vibe that is harbored for each other in specific circumstances, particularly desire among companions.

Religious Cults - A Threat to Society? Essay -- essays papers

Strict Cults - A Threat to Society? On November 18, 1978, in a got out fix of the Guyanese wilderness, Reverend Jim Jones requested the 911 individuals from his run to execute themselves by drinking a cyanide elixir, and they did. It appears cultists were conditioned by this egotist Jones, who had named their wilderness town after himself and held them as virtual slaves, if not living zombies. Jones himself was discovered dead. He'd shot himself in the head, or another person had shot him. Is it conceivable that in excess of 900 individuals ended their own lives readily, essentially on the grounds that he instructed them to? This paper will analyze parts of certain strict gatherings around the globe that have stunned us with comparable sorts of conduct. The greater part of these gatherings have been ordered into what we allude to as religions. While a large portion of these new strict gatherings are amazingly inactive in their approach, it is my goal to take a gander at those that have gone beyond our standards and done such things as mass self destruction and demonstrations of psychological oppression. I will attempt to see how the pioneers of these gatherings can convince individuals to surrender the entirety of their assets and now and again their lives. What makes individuals expel themselves from their employments, and families? A clique is any gathering of individuals who encircle themselves around a solid power figure. Cliques, in the same way as other different gatherings, endeavor to extend their impact for the reasons for influence or cash. Be that as it may, to accomplish these closures, damaging cliques utilize an intense blend of impact and double dealing over individuals and newcomers. Utilizing strategies, for example, conditioning, thought change, and psyche control. A fruitful transformation into a ruinous faction evacuates an individual's previous character and replaces it with another one. This is the place the new part acknowledges the entirety of the convictions of his new gathering and another character is made. Anyway once an individual from the gathering, any deviation from the clique chief's lessons is carefully illegal. Distinction is stifled, and liable to dread and doubt of everybody around in the gathering. What could make individuals join such gatherings when it is basic information that these gatherings are known to conflict with the standards of our general public? Huge numbers of the individuals who study these gatherings state that individuals will in general be increasingly vulnerable to control in the midst of significant change and emergency. During the 1960s there was an explos... ... is regularly which is characterized as immediate contact with the heavenly, producing a feeling of having a place with something significant and of being a someone. The cutting edge faction might be seen as a gathering that gives its individuals a personality and a feeling of significance in a world that has by one way or another neglected to give them these things. With more than 3000 dangerous religions in the U.S. asserting more than 4 million individuals, it appears that there may just be more difficulty to accompany these new strict associations springing up practically out of the blue. Their pioneers appear to ask on the helpless and forlorn. Maybe making them carry on in a way that would not be in their ordinary conduct. I am not recommending that these strict gatherings are danger to our general public. Truth be told I accept that these self improvement gatherings are a resource for the individuals that they help. Anyway inconvenience emerges when the pioneers of these gatherings lose control, requesting total and complete submission. It is very obvious that one individual's clique might be someone else's religion, and history has demonstrated that yesterday's periphery gathering might be tomorrow’s standard religion. The entirety of our well known strict gatherings once began as out as a religion at once or another.

Potpourri Blog Post

Potpourri Blog Post Coming off of a state-of-mind-altering weekend in Maine with people from the dorm, I knew a full Pre-Thanksgiving week of MIT won’t be pretty. It was pretty ugly. Checkout the iCal for this past week. [Calculus pset x4, Chemistry Pset, Final Paper Proposal, Seminars x2, Taekwondo x2, Physics Quiz, CLASSES!!!] For the moment, I have no profound thesis for a profound blog post, so I’ll go ahead and zoom in on some the crazy things that happened amidst the massive blue busyness up there. MONDAY 12:07 AM You know what’s the best part about going to 3.091 [Chem.] at 11 in the morning? Going to Steam Cafe © at noon. OK â€" Maybe that’s not exactly the right attitude towards a very expensive education, but truth is, sometimes real food is a serious priority (you will see why soon). RICE. ORANGE CHICKEN. CARROTS/CELERY. I understand this is not by any means high quality, but right there in one plate I’ve covered 3 groups on the food pyramid. MONDAY 7:10 PM If food were traditional art, this would be my surrealistic modern masterpiece: LETTUCE/ROMAINE PIECES/KIMCHI, BREAD, WALNUTS, PRESERVED FISH Compared with the example above, this is hardly real food; but obviously, I was desperately trying to pack in as many food groups as I can. Despite my honest efforts, this is still a very pathetic attempt at making a meal. I will have to try harder. TUESDAY 4:35 PM Mastering Physics; Bane of my existence, and I know I’m not alone. For 8.01 â€" the intro physics course that a large portion of the freshman class enrolls in â€" we have to complete Mastering Physics assignments twice a week. You are essentially given five or so multiple-part problems and you earn points by typing in the right answers. This is honestly the most tediously formatted, arbitrarily graded online tutorial program. You get points for getting the question right, obviously. You also get bonus points for not opening hints. But then you can gain points for opening hints and answering hint questions right; it’s crazy. And if you get a true/false question wrong; sorry â€" that’s a heartless 50 percent deducted. Moreover, the problems are not at all similar to questions on quizzes and exams â€"because Mastering Physics is probably the only “high-school-like” assignment here. The problems test one or two concepts at a time, whereas exams pretty much combine a bunch of concepts, put twists on the classical examples, and churn out brain-fry ing exam questions. Mastering Physics does function as a potential grade booster and an illusion that you are indeed “mastering physics” â€" until the real exams come that is. WEDNESDAY â€" Nothing happened on Wednesday, because all I did was calculus; I guess that p-set happened ….at 5:00 AM the next day. THURSDAY A pset completed @ 5:00 AM leads to waking up at 1:00 PM, realizing p-set had been due at 12:45 PM, frantically trying to get p-set in, and overall, starting off the day really late, and really grumpy. But I had a movie screening to take care of. I write for the Arts section of the Tech, the MIT student newspaper. @ 7PM Thursday, there was a special screening for Red Cliff, an epic ancient Chinese war film that lasted 2.5 hours and I had a physics quiz the next day. The film was average, but it was surely a good study break! Or investment of a study break, because I haven’t actually studied yet. Charliecard is my best friend. Have it on hold, you’re ready to go! Swipe, swipe â€" feels like Boston is resting in my palm. Although, it was my first time traveling alone at night; all I could do was pray that Google Maps proves accurate once I come out of the T station (our endearing term for subway). But I’m still alive, so yes, Boston is safe @ night! :P FRIDAY is now â€" and its all about Taekwondo and the Sunday tournament at Princeton. The whole campus is sprinting towards end-of-semester, and its getting hard to hold on. But I will let you know. // P.S. Heres a video of me trying out my makeshift Halloween costume; it was entertaining. Happy Weekend!

Characteristics of Unethical Behavior - Free Essay Example

Bernard Ebbers had what it takes to be a good leader. He had the trust and respect of his team. When a leader builds trust and respect within a team, it will show. Once team members feel secure in sharing their opinions without fear of being judgement or retribution, can openly and freely collaborate on projects and know that their leader has their best interest at heart, produces a highly productive work force. This is what Mr. Ebbers portrayed himself to be. A leader is only effective as his team. Building trusts takes time. Bernard Ebbers understood that people trust actions and not words. If a leader doesnt model his leadership style, Team member could lose trust. A leader must display behavior that that he/she expect his team to follow. A leader shouldnt ask someone to do something that you wouldnt do yourself. For example, a leader must lead by example. Showing your team, you are one of them and being responsible for outcomes whether positive or negative. Deviant behavior violates organization norms. It is a general decline in civility. Ebbers profess hatred for bureaucracies and his love for reduction of staffs in new acquisitions paints picture. Critics said the take overs of most companies did not make business sense and Worldcom did realized savings. There were questions about his capabilities and priorities. He was a man of conflicting personality. He expressed disdain and impatience to those that questioned the practices of Worldcom. He used rewards to influence his managers. He personally gave top managers loans of the record to buy back company stocks and power became concentrated in the top echelon of Worldcom. He kept his promise and stuck to his commitments. No one trust those who dont keep promises. He stuck to his commitment to make Worldcom the biggest telecommunications company in the world. He criticized European telecommunications players that he claimed was lagging behind North America. He didnt listen, ask questions consistently. He would have been a better leader had he kept quiet during discussion and listen to other advice. Consistency is key to leadership. Consistency of actions, behaviors, moods and expectations bring about good results. A good leader provides his management team with unwavering support that they can rely on and a set of rules and expectations that will guide the team through good and bad times. Success of a team is of greater concern than those of a leader. To get the best out of your team, show them that you put them ahead of your own ambitions. Let them feel a part of the team. Give them a seat at the table in achieving your ambitions. Give credit to where it is due. Punish when necessary. This was not Ebbers style of leadership. He had his own ambitions and dragged his team along. He had essentially bought his senior management team. They were sucking up to him. Success of a team is the leader success as well. Bernard was more of a corporate dictator than a leader. He was pretending to be cutting costs by increasing the heat in the summer and decreasing the temperature in the winter to on energy bill. While at the same time purchasing 164,000-acre ranch and 20,000 cattle. He never asked for feed backs on his actions, how he could help his management team be more productive, improve the work environment or how to better communicate. A good leader asks for feedbacks, what process can he change for the team to be more effective. Constructive feedbacks help improve a leaders ability to do a better job. Ebbers was unethical in his approach to leadership at Worldcom. A good leader as discussed earlier, lead by example. If a leader wants his management team to display good leadership qualities, he must display them first. For example, you want your team to go the extra mile, you as leader must do it first. Showing your team, you are one of them and their equal in being responsible for outcomes good or bad breed respect, honor and trust.

MIS Degrees A Versatile Option for Business Majors

Management information systems (MIS) is an umbrella term for computerized information process systems used to manage business operations. Students with an MIS major study how companies and individuals can use systems and the generated data in decision-making processes. This major differs from information technology and computer science because there is more of a focus on people and service through technology.   What Is a Management Information Systems Degree? Students who complete a program with a major in management information systems earn a management information systems degree. Most business schools and colleges offer an MIS major at the associates bachelors, masters, and doctorate levels. Associate Degree in Management Information Systems: An associates degree with a specialization in management information systems  is not a common degree, but you can find some schools that award an MIS degree at the associates level. This is an entry-level degree program that typically takes two years to complete.Bachelor Degree in Management Information Systems: A bachelors degree in management information systems is the common starting point for students who want to major in this field. Some students also choose to earn a Bachelor of Business Administration (BBA) degree with a major in MIS. Both programs take three to four years to complete.Master Degree in Management Information Systems: A specialized masters degree in management information systems is a popular option for individuals in this field. Many schools also offer an MBA program with a concentration in MIS. Program length can vary but typically ranges from 11 months to two years. An 11-month program is considered an acc elerated program and may not be available at some schools.  Ph.D. in Management Information Systems: A Ph.D. is the highest degree that can be earned in the management information systems field. Alternately, students can earn a Ph.D. in Business Administration with a specialization in MIS. Programs usually take at least four years to complete if not more. This degree should be reserved for students who want to work in research or go on to teach at postsecondary schools (i.e. colleges and universities). Other degree options include 3/2 programs, which result in a bachelors degree and a masters degree in management information systems after five years of study, and dual degrees that result in an MBA/MS in MIS. Some schools also offer undergraduate, graduate, and postgraduate MIS certificate programs. Do I Need a Management Information Systems Degree? You do need a degree to work in most jobs in the management information systems field. MIS professionals are the bridge between business and people and technology. Specialized training in all three of these components is essential. A bachelors degree is one of the most common degrees among MIS professionals. However, many individuals choose to pursue additional education at the masters level to qualify for more advanced positions. A masters degree can be especially helpful for people who want to work in consulting or supervisory positions. Individuals who want to work in research or teach at the university level should pursue a Ph.D. in management information systems.   What Can I Do With a Management Information Systems Degree? Business majors with a degree in management information systems have knowledge of business technology, management techniques, and organizational development. They are prepared for a wide range of careers. The type of job that you can get is very dependent on the level of your degree, the school you have graduated from, and previous work experience in technology and management fields. The more experience you have, the easier it is to get an advanced job (such as a supervisory position). The following is just a sample of some of the jobs in the management information systems field. Business Analyst: A business analysts uses  analysis to help improve an organizations efficiency and effectiveness.Computer Systems Analyst: A computer systems analyst uses  analysis to design, develop, or improve computer systems and solutions for organizations.Database Administrator: As the name suggests, a database administrator creates, administers, and maintains databases, such as information or financial databases, for organizations.Information Security Analyst: An information security analyst analyzes, monitors, and protects an organizations computer networks and systems from cyber attacks.Web Developer: A web developer designs, creates, improves, and maintains websites and web application for individuals and organizations.

Pursuit Of Knowledge In Frankenstein - 1866 Words

In the gothic novel, Frankenstein, written in 1818, author Mary Shelley tells a blood chilling story of Victor Frankenstein and his monstrous creation. Many of the main concepts in the Romantic literary movement are prevalent throughout the novel. Some of these concepts include nature as beauty and truth, strong personal motivation, and gothicism which inhibits intense emotion and complex psychology. Victor’s monstrous creation can be categorized as a romantic hero because of his continuous rejection from all forms of society. On the surface level the novel is of suspense and horror, yet it profoundly aims to highlight the dangers of overstepping the boundaries of ethical science. Written during an era of vast technological and†¦show more content†¦Captain Walton documents this story in the perspective of Frankenstein. Victor Frankenstein grew up in the town of Geneva, Switzerland. Though dampered by his father’s criticism of reading, Victor ambitiously mastered all subjects and dreamed of attending the University of Ingolstadt. After experiencing a lighting strike on a nearby tree Victor’s curiosity for the sciences grew phenomenoly. Victor meets his dream of attending college in Germany where he meets his best friend Henry Clerval. For two years Victor undoubtedly impresses his professors and fellow classmates with his vast knowledge. Yet he is consumed with a desire to discover the secrets of life thus planning a way to create a human being. After precise planning and the digging up of deceased bodies in the local cemetery Victor begins to construct his being. Victor is immediately filled with horror and guilt at the first sight of life in the grotesque monstrous creation. Ashamed Victor flees his creation leaving the clueless creature to fend for himself. Victor tells no one of th e creature. Months later Victor receives a letter from his father telling him to come home because his younger brother William has been murdered. As Victor flees home he is bewildered after seeing a glimpse of the monster in the nearby woods. Immediately he realizes the monster is at fault for William’s murder. However after arriving home he finds that the Frankenstein’s servant Justine is beingShow MoreRelatedFrankenstein Pursuit Of Knowledge Essay1673 Words   |  7 Pages Among the many themes explored in Mary Shelley s timeless classic â€Å"Frankenstein†, the one I find to be most relevant and the one that truly resonated with me was the dangers that stem from the pursuit of knowledge. This theme resonated with me for many reasons because, while the pursuit of knowledge has allowed humankind to exert and enjoy unparalleled and unprecedented power over the animal kingdom and the world itself, it’s a seemingly benign aspect of human nature that can pa radoxically renderRead MoreFrankenstein Pursuit Of Knowledge Essay1403 Words   |  6 PagesInformation War: The Truths of Knowledge in Mary Shelley’s Frankenstein What exactly is the pursuit of knowledge? One might say that the pursuit of knowledge is when one conducts irregular experiments and actions. One might say that the pursuit of knowledge is the process of the collecting information needed in completing that test. However, the universal truth says that one can never accumulate all the knowledge in the world. However, one might opinion that the pursuit of knowledge is a wonderful thingRead MoreFrankenstein: the Dangerous Pursuit of Knowledge1552 Words   |  7 PagesDanielle Bouquio ENG 210 10/16/12 Frankenstein: The Dangerous Pursuit of Knowledge Over the past few centuries, the intellectuals of society have made countless advances in science and the development of technology, which, to different degrees, have all benefitted mankind. These scientific discoveries are a result of man’s thirst for and dedication to acquiring knowledge, information, and power. The innate curiosity and desire for understanding in an individual can grow so immense that hisRead MoreMary Shelley s Frankenstein : The Pursuit Of Knowledge1028 Words   |  5 PagesKnowledge can cause a numerous amount of problems for those who choose to pursue it. That is if they decide to traverse on the more taboo sides of the sciences instead of staying inside the societal norms that have been set up. This is one of the more prevalent themes in Mary Shelley s Frankenstein. Among the themes of loneliness and revenge you have the one out standing theme of knowledge being dangerous. The pursuit of knowledge has caused some of the greatest horrors in the world of man and thisRead MoreThe Intellectual Pursuit and Its Social Counterpart in Frankenstein1056 Words   |  5 PagesThe Intellectual Pursuit and Its Social Counterpart Victor Frankenstein, as a scientist, has a burning passion and an infinite curiosity for the science of reanimation. After spending years studying what is known of the subject, Victor makes a discovery that would have been considered an enormous scientific breakthrough. However, once Frankenstein applies this new science, the science becomes a detriment to society, never to be attempted again. Frankenstein ignored the social implications of theRead MoreShelley s Views Of The Dangers Of Knowledge1679 Words   |  7 Pagesdangers of knowledge contained in her novel Frankenstein â€Å"You seek for knowledge and wisdom, as I once did; and I ardently hope that the gratification of your wishes not be a serpent to sting you, as mine had been,† this fragment of Victor Frankenstein’s conversations with Robert Walton exemplifies Mary Shelley’s views of the dangers of knowledge, in her novel, â€Å"Frankenstein; or, The Modern Prometheus,† where main characters Robert Walton and Victor Frankenstein ruthlessly peruse knowledge. The themeRead MoreMoral Lessons in Mary Shelley’s Frankenstein1322 Words   |  5 Pages Mary Shelley’s Frankenstein has become a classic in modern literature. Her tale is full of moral lessons that encompass a wide variety of subjects but one of the most prevalent is the theme of knowledge and its pursuit. Frankenstein, Walton, and the Monster all have an appetite for acquiring knowledge and actively pursue their perspective interests, but it soon turns to the obsessive and proves to be dangerous. Each of the character’s desires demonstrates to be detrimental to them when no boundariesRead MoreA Caveat to the Pursuit of Knowledge1000 Words   |  4 Pagesundesirable knowledge, may occur in scientific pursuits. By its very nature, scientific exploration generates questions, but that does not mean that all of them can or should be answered. There exists a fine line between moral scientific pursuit and immoral scientific pursuit. Given that immoral scientific pursuit does, in fact, exist, and given a situation in which one can only acquire a certain knowledge through immoral scientific pursuit, then one would have to classify this knowledge as â€Å"forbiddenRead MoreFrankenstein: The Danger in Knowledge, Science and Playing God 1846 Words   |  7 Pagesdangers of pursuing knowledge? Alternatively, does he reveal to us the dangers of playing God? Mary Shelley’s Frankenstein uses Victor Frankenstein’s creation to expose the dangers of knowledge and play ing God. Shelley exposes the readers to how in the pursuit of knowledge, man too often opens Pandora’s Box and unleashes unforeseen dangers unto the world. Shelley uses Victor Frankenstein and his creation to expose how knowledge and the pursuit of knowledge are explosive. Frankenstein is set during theRead MoreVictor Frankenstein Destruction Through Discovery1746 Words   |  7 Pages2017 Destruction through Discovery Summarizing the theme of the novel, Victor Frankenstein stated, â€Å"If the study to which you apply yourself has a tendency to weaken your affections, and to destroy your taste for those simple pleasures in which no alloy can possibly mix, then that study is certainly unlawful, that is to say, not befitting the human mind† (34). When initially considered, the concept of â€Å"gaining knowledge† or â€Å"discovery† is generally viewed with a sense of positivity and hope. It is

Family Tree From Zeus to Achilles

Essay about The Tragic Treatment of Women in Othello

The Tragic Treatment of Women in Othello In Shakespeares drama, Othello, there are many different relationships among the main characters. The way that Shakespeare portrays these relationships sets the stage for the pain and deceit that unfolds within the play. Relations between the men of the play, Othello, Roderigo, Iago, and Cassio, undoubtedly form the main theme. Furthermore, each of the men, except Roderigo, also has woman that stands behind and cares for him. But the manor in which these women are treated is why the story ends on such a tragic note. After a careful analysis of the women, Desdemona, Emilia, and Bianca, one can see that much of the tragedy could have been avoided if only the men would have given them a chance†¦show more content†¦So, early in the play there is evidence that women are not treated equally, and thought to be incapable of making decisions that effect their own life. Desdemona is brought in by her father to the court to be questioned for her actions, she replies with utter respect to her father, but devotion to her husband To you I am bound for life and education / I am hither to your daughter. But here is my husband. And so much duty as my mother showed to you, preferring you before her father (1.3.184-190). In other words, she is grateful to her father for what he has given to her but will stand by the side of her husband. She does not hesitate to defend her husband in front of her father. This shows she has a strong inner will and is very capable of making her own decisions, a quality that Othello makes the grave mistake of ignoring. Despite the set backs in Venice, Othello and Desdemona are deeply in love and things seem to be even better when they arrive in Cyprus. Othello publicly proclaims his love for her when they meet there: Othello. It gives me wonder great as my content to see you here before me. O my souls joy, If after every tempest come such calms, may the wind blow til they have wakened death. And let the laboring bark climb hills of seas Olympus high, and duck again as low as hells from heaven! If it were now to die, Twere now to be most happy, for I fear my soul hat her content so absolute that not another comfort like to this.Show MoreRelatedTo What Extent Is Desdemona Presented as a Tragic Victim in Othello?1489 Words   |  6 PagesTo what extent is Desdemona presented as a tragic victim in the play ‘Othello’? Desdemona, the daughter of Venetian senator Brabantio, is captivated by Othello’s fables of bravery as a warrior and she falls in love with him. In view of the fact that Desdemona is a â€Å"fair† woman and Othello is â€Å"an old black ram†, commonly referred to as ‘the Moor’, their marriage indicates that her fate might be tragic. 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Social diagnosis Free Essays

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Accounting And Financial Management Case Study of British Petroleum

Executive Summary Accounting and financial management are the main backgrounds of the report under which the financial evaluation of British Petroleum (BP) is conducted. BP is a leading company that explores produces, refines and markets oil and gas products including fuel, lubricants, energy and petrochemicals product. It deals in different segments including upstream, midstream and downstream to the oil and energy production. It serves customers demands across the world through globalise operations. Financial performance of the company over the last 5 years is depicting fluctuating trend as its net revenues has continuously been increasing and on the other hand, profits have declined. Financial performance of BP is evaluated with using different categories of ratios, including long term capital, liquidity, investors, financial risk/working capital management, and profitability and cash flow ratios. On the basis of ratio analysis, it is evaluated that BPs financial position is not satisfactory althou gh it has enough liquid funds as compared to other rivalry firms. Internal and external sources of finance are commonly used to obtain funds by the large company. New equity capital is commonly raised from retained earnings, loans and debentures. Overall, the given report provides a comprehensive knowledge of BPs financial position in all material aspects. Getting Tired of Never-Ending Assignments? Hire an Expert from MyAssignmenthelp and Get the Necessary Assignment Help at a Reasonable Rate. Table of Content Executive Summary Introduction Analysis and History of the Development of British Petroleum Company Financial Analysis Liquidity Analysis Current Ratio Quick Ratio Working Capital Management Analysis Stock Days and Stock Turnover Debtors Collection Period Creditors Collection Period Long Term Gearing Capital Gearing Interest Coverage Ratio Cash Flow Ratios Operating cash flow to maturing obligations ratio Free cash flow ratio Profitability ratios Gross Profit Margin Return on Capital Employed Investment Ratios Earnings per share (EPS) Source of Finance Key Areas to be considered Aim and Purpose of Obtaining Finance Factors Considering for the Source of Finance BP and Sources of Finance Conclusion Reference Appendix Ratio Calculation Balance Sheet Income Statement Cash Flow Statement Introduction The given report is based on the rigorous financial analysis of British Petroleum (BP) over the financial period of 2011 to 2012. Financial analysis of the company is done on the basis of the relevant financial ratios to evaluate BPs position in respect to liquidity, working capital management, profitability, long term capital and cash flow. Review of this report provides a good overview of the financial position of the company from the investment viewpoint. In addition to this, aims and objectives of getting finance, factors taken into account related to the source of finance, key areas considered for getting loan and selection of the appropriate source of finance are also being included in the report. The report covers the history and development of BP, financial analysis, sources of finance and lastly, the conclusion. Analysis and History of the Development of British Petroleum Company BP is a renowned company in the major integrated oil gas industry, which serves fuel, lubricants, energy and petrochemicals product. In all the related areas, the company deals to maintain its eminent image including exploration, production, refining, marketing and distribution of oil and gas along with power and petrochemicals production and marketing (BP 2013). There are three main segments within which the company operates including upstream, midstream and downstream. In the upstream segment, BP is involved in the production, field development and exploration of oil and natural gas. Main operations performed under the upstream activities are offshore platforms, processing facilities and wells and pipelines. In around 30 countries, namely India, Russia, Tobago, Norway, Angola, Brazil, Azerbaija, etc., BP Company operates upstream activities. On the other hand, the midstream segment is engaged in the natural gas (natural gas liquids and liquefied natural gas) storage, processing, marketing and trade. Downstream segment of the company is engaged in the petroleum and petrochemicals products related process including refining, manufacturing, transportation, marketing and trade. The operational activities in the downstream segment are furnished at Asia, North America and Europe. In the world, 15 refineries are owned by BP as per the recent figures of 2013. BP initiated its operations in 1889 and is located in London, UK. Currently, BP works with 85700 employees to serve the demand of petroleum, natural gas, motor and aviation fuels throughout the world (BP 2013). Posi tion of BP in this industry is quite good as it efficiently focuses towards social and environmental issues, stakeholder engagement and transparency in operations. In this context, the company is positioned on 1st rank as per Tomorrow Value Rating (Oil and Gas 2011). Overall, BP Company gives more emphasis on the corporate social responsibility for the welfare of the society and economy as a whole. As per the 5 year trend, net revenues/sales of the company decreased during 2008 to 2009 i.e. 196.99 bn to 153.32 bn respectively due to the financial crisis. Later, in the following years, revenues have shown an increasing trend, it was 192.44 bn in 2010, 234.44 bn in 2011 and 237.02 bn in 2012. Despite increased sales, the net income of the company declined during the same period. It was 11.5 bn in 2008 that reduced to 10.6 bn 2009, -2.41 bn in 2010, 16.03 bn in 2011 and 7.31 bn in 2012 (BP Plc ADS 2013). This exhibits that year on year, BPs net income decreased and its profitability got affected. On an average, the growth rate divided over the last 5 years equals to -4.84%, but dividend per share increased to 17.86% (BP Plc 2013). The positive trend of dividend payment is a good symbol for investment in the oil and gas industry. Overall, the financial position of BP is showing positive results which are evident from the year on year growth. Financial Ratio Analysis Detailed analysis of each ratio is explained under and their calculation part has been included in appendix. Liquidity Analysis Liquidity ratio shows the companys ability to pay its short term obligation/liabilities. The common ratios used to determine the liquidity position are Current ratio and Quick Ratio. Generally, higher the liquidity ratios are, higher the margin of safety and it shows the companys position to meet its current liabilities. (a) Current Ratio Ratio of Bp and other industry competitors Ratio 2012 2011 Competitors (Chevron Corp) Current ratio 1.45 1.16 1.63 Quick Ratio 1.07 0.84 1.25 (Chevron Corp CVX 2013)(Refer appendix (i) The current ratio is the ratio between current assets and current liabilities. Current Ratio indicates the companys ability to convert the current assets into cash and cash equivalents quickly so that the current liabilities can be paid off at time (Brigham and Ehrhardt 2011). On analysing the current ratio of BP, it can be concluded that in the year 2011, the results were not satisfactory but in the year 2012, the company showed some progress in maintaining good amount of current assets to pay its liabilities. The ratio of the company in 2011 was 1.16 and in 2012, it was 1.45. Therefore, the companys liquidity position as compared to the ideal benchmark is not acceptable. On comparison with the other industry competitors, the ratio of BP shows unsatisfactory figures. This indicates that the company is working less efficiently in comparison with other industry leaders. The increase in the current ratio of the company was due to an increase in working capital in 2012. (b) Quick Ratio Quick Ratio, also known as Acid Test ratio, is another type of ratio that is used to measure the liquidity position of the company. This ratio is similar to the current ratio but the only difference is that current assets do not include inventory and prepaid expenses. The reason for not including inventory is that many businesses are not able to convert the inventory easily. So, it is difficult to compare companies that maintain low level of inventory, like service sectors (Brigham and Ehrhardt 2011). The acid test ratio of BP Corporation stood at 0.84 in the year 2011 and it increased by 27 % to be at 1.07 in the year 2012. The large gap between the current asset and quick asset ratios indicates that the company uses its inventory to derive its liquidity. Therefore, the company achieved the ideal benchmark of 1:1 in 2012. On comparing with competitors ratios, results of BP Corporation are slightly low, which shows that competitors maintain more inventory level than BP Corporation. One of the negative impacts on a company with lower acid test than that of the industry and/or competitors is that lenders and creditors are likely to prefer dealing with other players in the industry as compared to that company. Thus, it is difficult to convince lenders and creditors for short term purposes. In summary, the liquidity position of the BP Corporation reflects inadequate results than its competitors. It is advisable to BP Corporations that it should increase its investments in the short term assets that will help the company to increase the proportion of liquidity driven by more liquid assets. Hence, it will increase both current and quick ratio. Working Capital Management Analysis For any business, working capital management is one of the significant factors to maintain the proper flow of entire production process. It refers to the effective management of the companys working capital or assets required to run the business on daily basis (Sagner 2010). Ratios of Bp and other industry competitors Ratio 2012 2011 Competitors (Chevron Corp) Stock Turnover Ratio 13.51 14.04 24.09 Stock Days 27 days 26 days 15.15 days Debtors collection period 35 days 41 days 32.27 days Creditors payment period 58 days 67 days 58.24 days (Chevron Corp CVX 2013)(Refer appendix (ii)) (a) Stock Turnover Ratio and Stock Days Stock turnover ratio reflects the speed of movement of inventory outside the company so as to generate sales, whereas stock days show the number of days for the inventory to be sold out and restocked (Sagner 2010). The stock turnover ratio of BP Corporation was 14.04 % in FY 2011 which decreased by 3 % to be at 13.51 % in FY 2012. This indicates that there is no significant change in the inventory level in the present year. On looking at the stock days, which is 26 days in FY 2011 and 27 days in FY 2012, indicate that the company can sell its inventory in about a month, but it is not upto the desired level. On comparing both ratios with competitors in the market, the results are totally unsatisfactory. The stock turnover ratio of competitors was 24.09 % which indicates that BP Corporation is not able to convert its stock in cash as fast as its competitors. Comparing the stock days with competitors, i.e. 15.15 days, show that BP Corporation is not working effectively. (b) Debtor (Receivables) collection period Debtor collection period states the capability of the company in turning out its receivables into cash so as to meet its current liabilities. This also leads to improve the liquidity position of the company (Bull 2007). Debtor collection period of BP Corporation in FY 2011 was 41 days, which was reduced by 6 days in FY 2012 i.e. 35 days. This significant decrease in the collection period was due to the new policy adopted by the company to collect its receivables more quickly. (c) Creditors Payment Period Creditors payment period ratio is used to calculate the number of days taken by the company to pay its creditors for the amount of purchases made (Bull 2007). BP Corporation payment period was 67 days in FY 2011, which decreased to 58 days in FY 2012. The decrease in payment period was mainly due to the decrease in receivables collection period. Compared to competitors (58.24 days), BP Corporation was not effective in 2011, but in 2012, there was a significant decrease in the payment time that made the company to stand with other competitors. Long term capital Ratios Long term capital or gearing ratio indicates the percentage of debt in the companys capital structure. So higher the gearing ratios, higher is the financial risk. The company has to pay the interest amount on the borrowed amount regardless of any revenue. Therefore, at the time of financial crises, the company is not able to pay its financial charges and has to use its retained earnings, or otherwise the company gets into the position of bankruptcy (Bull 2007). Ratios of Bp and other industry competitors Ratio 2012 2011 Competitors (Chevron Corp) Capital gearing ratio 46.51 % 46.34 % 10.80 % Interest Cover ratio 17.54 times 31.95 times (Chevron Corp CVX 2013)(Refer appendix (iii)) a) Capital Gearing Ratio Capital gearing ratio calculates the amount of geared part (Long term debt) in the total capital employed. It is the measure of degree of financial leverage, indicating the degree to which a companys activities are funded by owner's funds against outsiders funds.BP Corporations capital gearing ratio was 46.34 % in FY 2011 and 46.51 % in FY 2012. On comparing with the same industry competitors, which have the gearing ratio of 10.80 %, it can be concluded that the company has taken more loan amount. This indicates that the BP Corporation is at more financial risk as compared to other key players (Bull 2007). (b) Interest Coverage ratio Interest coverage ratio helps to calculate the companys ability to pay its interest expenses. Higher the coverage ratio, lower the financial risk (Bull 2007). The interest coverage ratio of BP Corporation was 31.95 times in FY 2011, which was decreased by 45 % in FY 2012 with 17.54 times. The decrease in the coverage ratio attributes to increase the long term liabilities and decrease the EBIT. In the nutshell, it can be concluded that the leverage position of the company is not as good as it should be. The company has a sufficient amount of profit to cover the interest expenses. This makes the company financially viable to make loans in the market. Cash Flow Ratios Cash flow is the most important element in evaluating the companys financial performance as it is not affected by any accounting policy. Therefore, it cannot be directly managed or manipulated. Ratios of Bp and other industry competitors Ratio 2012 2011 Competitors OCF to maturing obligations ratio 380.37 % 380.59 % 88 % Free cash flow ratio 0.88 1.24 1.25 Cash exhaustion ratio 711 days 568 days 223 days (Chevron Corp CVX 2013)(Refer appendix (iv)) This is used to calculate the extent to which the cash is generated from the operation activities to meet the current obligations (Bull 2007). This ratio was 380.59 % in FY 2011 and in FY 2012, it was decreased to 380.37 %. The current ratio was similar to the previous one as there is no major change in the amount of current liabilities. The competitor ratio was 88 %, which indicates that BP Corporation is much stronger in paying its current obligations at time. (b) Free Cash flow FCF shows the companys ability to cover the capital expenditure by using the cash flow from operating activity (Bull 2007).BP Corporation FCF was 1.24 times in FY 2011, which decreased to 0.88 times in FY 2012. The decrease was mainly due to the increase in the capital expenditure and decrease in the cash flow from the operating activity. The competitors ratio of 1.25 times indicates that the company is working efficiently to cover up the capital expenditures. Profitability ratios Analysis of profitability ratio helps to calculate the turnovers, margins and different returns on investments made by the company. Ratios of Bp and other industry competitors Ratio 2012 2011 Competitors Gross Profit Margin 7.39 % 12.34 % 41.81 % Return on Capital Employed 8.91 % 19.16 % 25.77 % Asset Turnover 1.25 1.28 11.83 (Chevron Corp CVX 2013)(Refer appendix (v) This ratio reflects the margin that is left out with the company after meeting its manufacturing cost (Bull 2007). BP Corporation gross profit ratio was 12.34 % in FY 2011, which decreased to 7.39 % in FY 2012. Competitors ratio was 41.81 %, which indicates that BP Corporation revenue income is not that sufficient to cover all the manufacturing expenses. (b) Return on Capital Employed The return on capital employed can be obtained by dividing the net profit by the capital employed (Bull 2007). BP Corporation Return on capital employed ratio was 19.16 % in FY 2011, which was decreased to 8.91 % in FY 2012. Competitors ratio was 25.77 %, which shows that the earning capability of the company is not effective or upto the mark. Investment Ratios Ratios of Bp and other industry competitors Ratio 2012 2011 Competitors Dividend yield 0.77 % 0.68 % Dividend Cover 2.23 Times 6.41 Times 3.80 times Earnings per share 0.608 $ 1.359 $ 13.42 $ (Chevron Corp CVX 2013)(Refer appendix (vi)) Earnings per share of a company indicate the ratio of the companys earnings to the amount of shares held during the fiscal year. For the ordinary shareholders, the amount of earning available is simply the profit generated in a given financial year less taxation, preference dividend, and interest expense. BP Corporation EPS was 1.359 $ in FY 2011, which decreased to 0.608 $ in FY 2012. Competitors EPS was 13.42 $, which indicates that the company is not earning enough to compete the industry competitors. Sources of Finance Leading organisations can obtain required/additional capital by using the available sources of finance that are categorised under two heads, namely, internal and external financing. Internal financial sources comprise retained profits, sales of existing assets, reduced level of inventories, and long time grant for supplier payment and timely collection for debtors. On the other hand, the sources of finance that are available in the external option are of three types including long, medium and short term. Long term source of finance includes shares, debentures, bank loan and grants, while medium term sources include hire purchase, leasing and bank loan for medium and short term, including bank loan, creditors and bank loan/overdraft (Buckle, Buckle and Thompson 2004). This shows that a number of financing options are available in the market through which organisations can get funds easily, but the lending organisations need to consider certain financial areas when considering a loan application. The following areas that should be considered are depicted as follow: Debt position: The lending organisation should consider the debt position of the company to measure whether the current debt exceeds to the defined limit or not. This financial aspect helps the lending firms to determine the worth of the company, which is used as a base for granting loan application. An analysis of debt position indicates the firms ability to pay off long term debts and procure additional loans (Houston and Brigham 2009). In the capital structure, the proportion of debt and equity used in the asset financing can be determined with this and further the same information will be used to measure financial burden on the company in order to its ability to serve the loan on the due date and long term solvency. Liquidity: Liquidity indicates the firms ability to pay out the credit on time. Review of liquidity position aids in determining the capacity to meet the loan instalments when they are due as it reveals cash or liquid assets availability (Gtze, Northcott and Schuster 2007). This financial area is significant for lending organisations to consider while viewing a loan application to measure whether the firm has enough liquid funds to pay the loan amount on time. Market reputation and risk: This is another financial area that is directly linked to the financial status as good market reputation and low risk indicate less chances of payment default. Market reputation is important to be considered for the lending institution to evaluate the trustworthiness in respect to the credit history, while risk indicates the level of risk in the companys matters and operational dealings. Profitability Growth: Growth of the company in terms of profits must be considered by a lending organisation as this is one of the key financial areas that reflect the earning power and capability. It could be easy for the lending firms to ascertain solvency over the short or long run with the evaluation of the profit earning and amount to be given out as loan. Profitability growth area is important to find out the ability to earn maximum profit by utilising available resources in the best possible way (Ezenwa 2013). On the basis of the key financial areas, the lending organisation will be looking for the borrowers capability of paying back the loan amount with interest within the due period. It considers all factors that affect the decision to grant a loan application such as profitability, long term solvency, debt position, past credit history, risk and growth prospect. On this basis, the main focus of the lending organisation is to provide loan to the borrower, who has enough financial means and possess high ability to service the loan. Overall, the lending organisations look for the commitment and trustworthiness of the loan taker or borrowers in order to fulfil their loan requisite. Aim and Purpose of Obtaining Finance: The main aim and purpose of obtaining finance from a large company are the business expansion and development. Today, a business requires additional capital/funds to adopt new technological advancements for better and faster processing. Moreover, companies obtain finance for flourishing the business units worldwide to capture a large market share, and ultimately contribute in keeping the sustainable position in the future. BP Company aims to obtain funds to expand its operations across the Gulf regions (Blackden 2013). In addition to this, the company is aimed to push forward its segment of exploration and production in order to improve the level of production along with expanding its global reach. This would aid in saving BPs operations by enhancing the production capability. Funds are to be obtained to payoff short and long term obligations that are due within a short time interval. Overall, the large company plans to obtain funds to explore business area/operations, improve produ ction efficiency, and technology advancements in order to sustain growth in all aspects. Factors considering for the Source of Finance Although the selection of the appropriate source of finance from the internal and external financing options is done on the basis of the fund requirements in the business, but there exist certain factors that need to be taken into account while deciding the source of finance, these are as under: Flexibility: Flexibility with the future financing decision is the most significant factor that must be taken into account as there is a direct interlink between present and future financial decisions. Flexibility in terms of paying short and long term debt is also needed to be taken into account as there is no provision of penalty for early payment in case of short term borrowing, while it is penalised in case of long term. Rate of Interest: This is another factor needed to be taken while preferring financing option for long, medium and short term. The rate of interest is not high in case of short term debts like in long and medium term debt. This factor aids in deciding the source that is suitable for a shorter period and has low probability of investment loss (Mumba 2013). Tax Benefit: Tax benefit or shield is also one of the factors that affect the selection of financing option/source. Tax shield or benefit is different in case of short and long term sources of finance (Ujwary-Gil 2011). Financial Risk and Outside Intervention: Financial risk and outside intervention in the companys affairs is also considered while deciding the source of finance. Internal sources of finance are comparatively less risky than external sources of finance. Moreover, raised funds from creditors induce probability of high outside intervention and high chances of information threat (Ujwary-Gil 2011). New equity financial options including retained profits, bank loans and debentures are the commonly preferred options having low financial risk. BP and Sources of Finance On the basis of the above discussed financial areas concerned for loan, it is being evaluated that whether BP would lend 10% of the total net assets as a ten year loan or not. The debt position of BP shows high sufficient margin for creditors due to increased stake of equity holders. As looking to the debt/equity ratio, it is analysed that the proportion of debt into equity has been decreased over the period of 2010 to 2012, which is indicated from the decreased value of the debt/equity ratio. It was 1.866 in 2010 that decreased to 1.62 in 2011 and 1.53 in 2012 (Yahoo Finance) that shows year on year improvement in the debt position of BP. As concerned to the liquidity position, BPs efficiency to pay short term obligations has slightly improved from 1.12 in 2010 to 1.43 in 2012. Despite the improvement in liquidity position, BPs ability to payoff short term debts on its due date is not satisfactory as per the standard ratio of 2:1. On the other hand, BP Company has enough liquid assets as compare to the industry average and thus, granting a bank loan to the company for a period of ten years is not risky for the lending organisation. Market reputation of BP is quite good which is evident from increased net revenues. Over the long term, granting 10% of the total assets (300,193,000*10%) i.e. 30,019,300 (Yahoo finance) for 10 years is profitable over the long run. Profitability of the company has declined as compare to the previous year as its expenditure has increased (Yahoo Finance). In the long run, BPs plan of expansion in Gulf would lead in gaining more and more profits and it is expected that the net income of the company will increased due to its improved debt position and good market reputation. Overall, it is concluded that ten year loan of 30,019,300 will be lend to BP as its financial position is showing improvement year on year and thereby, it is expected that the position of the company will also turn up in the long run. Conclusion In this report, analysis of last two annual reports for BP Corporation has been done. Most of the financial ratios used to conduct the company analysis have indicated that the company has a moderate financial position. The financial leverage position of the company is not satisfactory because earning before interest and tax is enough to cover all the interest expenses. In spite of huge profits made in the last two years, a return to dividend declared has remained low. A company that relies heavily on the internal sources of finance is less likely to declare high dividends as compared to those that rely on the external sources of finance, for example, loans. Desire to retain high liquidity levels are yet another reason why BP declared little dividends in fiscal 2011. The other section of report discussed some sources of finance to the company. It has been noticed that cash flows, financial accounting, liquidity, and need for cash are some areas the company need to consider before choosing a certain source of finance. Company is able to generate enough cash flow to pay dividends, undertake new investment projects, and maintain good liquidity ratios that attract lenders. Additionally, lenders will be keen on the financial accounting process of borrowers. Audited financial statements provide good information to a potential lender and company also has enough return to pay all the interest expenses. Therefore, lenders can provide bank loan for 10 years based on its net assets. Reference: Blackden, R. 2013. BP Urged to Keep Up Gulf Expansion. The Telegraph. BP PLC ADS. 2013. BP PLC. 2013.Bp. 2012. Annual Report and Form 20-F 2012.BP. 2013.Brigham, E. F. and Ehrhardt, M. C. 2011. Financial Management: Theory and Practice. Mason: Cengage Learning.Buckle, M.J., Buckle, M. and Thompson, J. 2004 . The UK Financial System. 4th ed. New York: Manchester University Press. Bull, R. 2007. Financial Ratios: How to use financial ratios to maximise value and success for your business'. UK: Elsevier.Chevron Corp CVX 2013. Morning Star Key Ratios.Ezenwa, E. 2013. Some Factors Bank Managers Consider Before Granting LoansAvailable at: Gtze, U., Northcott, D. and Schuster, P. 2007. Investment Appraisal: Methods and Models. Springer. Houston, J.F. and Brigham, E.F. 2009. Fundamentals of Financial Management. Cengage Learning.

Generation Outsource Ricardian Model Indian -Myassignmenthelp.Com

Question: Discuss About The Generation Outsource Ricardian Model Indian? Answer: Introduction The report is made with respect to a five star hotel -The Sydney Novatel which had been employing own staff for cleaning the Hotels accommodation rooms and other areas of the hotel. There has been a decision of outsourcing the cleaning activities of the hotel, so the benefits and drawbacks of outsourcing have been discussed in the report. Its not easy to discuss outsourcing in the hospitality business, because the hotel product is dependent on aspects that hoteliers cannot manage forever (Espino-Rodrguez Lai, 2014). A few times, the hotel cannot take up the workload and they feel a need to subcontract dedicated firms that offer high-quality services. Moreover, a hotel has huge fixed costs. To keep a hotel running means that there hotel will have a fixed charge regardless of if there are guests visiting the hotel or not. Workforce will need to work daily and, thus, compensated with a salary. With the intention of managing these costs, hoteliers may choose to subcontract a few activities so that fixed expenses become variable expenses. Factors for utilizing outsourcing procedures in the Hotel business The competition for services demands as of hotels is growing up each year thus there is a need to expand the effectiveness and to limit the costs (Al-Kassem, 2017). The primary point of the management of The Sydney Novatel must be to make business successful, i.e. generating the utmost gains with costs optimization. However, the assets and gear economy isn't sufficient, likewise the vast element of costs is remuneration paid to staff of the hotel. To take care of this issue, outsourcing is a solution which allows transferring some of the activities of The Sydney Novatel to external firm. Moreover, it gives a guarantee to management that the work will be done in timely manner and as per requirements. In case the work is not done properly then the same can be outsourced to any other business without any hassles to hire and fire workers (Wanchoo, 2010). Advantages of outsourcing activities Reduction of costs is the primary aim for which The Sydney Novatel can think about outsourcing its functions, for example housekeeping. As per research and studies into hotel industry, there has been over 25% decline in labour expenses in the hotels in which housekeeping was subcontracted (Lamminmaki, 2011). Besides the housekeeping division generally has the maximum turnover rate of workers. Outsourcing the personnel assists in decreasing not only the direct wages and expenses, but also the recruitment and training expenses. Most of the staffing firms operate on the basis of contracts and get paid on a fixed monthly basis, so there will be no variations on monthly basis. Outsourcing of a division such as housekeeping too allows the management to concentrate on guest facilities and marketing (Sharda Chatterjee, 2011). Despite the fact that guests observe the outcomes of a housekeepers job, they dont intermingle with guests in the manner a front desk staff or waitress does. And getting some outside staffs isnt a bad thing all the time for both- other hotel employees or the outsourced employees. There are a few benefits offered by Outsourcing like: allowing the present employees to focus on key activities on business interests, concentration on accomplishment of main strategic objectives, lessening or steadying the overhead expenses, and thus achieving cost benefit over the competitors, giving flexibility in reaction to changing market environment, and Reducing investment in advanced technology (Gewald, 2010). Outsourcing has various benefits for different industries and not only for the hotel and hospitality industry. The major advantage is that outsourcing permits to give complete focus and resources to the major areas of the hotel and the noncore areas can be outsourced to other business. Along these lines, organization will have upper hand. Likewise redistribution and optimum utilization of staffs of the organization will be conceivable. Another preferred benefit is that lesser material is needed (Gold, 2012). Usually the outsourced acts are less expensive than the maintenance of own division for carrying out some tasks. It is due to lower expenses incurred by the outsourcer as the assigned task is part of its particular specialization. Furthermore, by utilizing outsourcing, organizations can obtain advancements and the choice of higher quality level which may not be there with The Sydney Novatel. Other than this there is a probability of utilizing particular capacities which no one bu t specialists can do. Additionally it is essential to keep in mind about passing on of all duties of the allotted capacities to outsourcer. By outsourcing, there is permanent decrease of fixed costs (Leahy Montagna, 2011). It's the primary preferred benefit of outsourcing, as it will empower The Sydney Novatel keep running with the costs of what is utilized by visitors, and that's it. This implies The Sydney Novatel can employ the services of another organization as per its workload. It will allow The Sydney Novatel to provide with high quality of specialized goods and/or services. Experts will offer The Sydney Novatel with the most ideal goods or services for instance, with regards to planning the promotion and advertising of any sort, the experts can do that more efficiently and that too at low cost. Nowadays, it is very common that hospitality management operates hand in hand with expertise (Edward, 2012). The firms which have expertise in technology services for the hospitality business will offer The Sydney Novatel with particular software (programs and applications) to deal with allowances, arrange storehouses, or manage other internal procedures. If The Sydney Novatel does not outsource IT management, it can be truly costly, as The Sydney Novatel would have to employ software developers and different experts to work at the hotel. Apparently, expenses would increase a lot if The Sydney Novatel creates its own solutions. Disadvantages of outsourcing activities One of the drawbacks is that The Sydney Novatel might lose control. It is tough for the businesses to trust the third-party. This can be a stronger case of losing control in case of services. The services enjoyed by the guests at The Sydney Novatel are described by simultaneity, that is, the services are produced when they have to be used, so it is quite hard to control quality. The outsourced service-providers have to be extremely vigilant with this, particularly when they are specifically managing clients. They should make a decent attempt to prevent depersonalization. Another drawback is that the outsourcing brings inadequate alliance. There's an actual threat that aims and other key factors are not accurately adjusted. Interior communication within a business is complicated, yet necessary (Alvarez-Galvan, 2012). At the point when there are outside specialists taking part in this procedure, The Sydney Novatel needs to ensure that the targets are precisely conveyed and communication takes place in both directions. In some cases, hoteliers are hesitant to provide important information to external firms. On the specialized level, these details have to be secure. Indeed, the most crucial details involve- the buildings technical security. There might be hesitancy in terms of trustworthiness, privacy and accessibility. This is the reason The Sydney Novatel might want to handle its data itself and might not want to share with the external business. There is also a risk of decrease in employee morale. Rahman Kamarulzaman (2010) regard the impact on employee confidence as one of the main risks of outsourcing. It is also believed that outsourcing forever leads to shifting/ dismissal of workers. Conclusion Outsourcing, or not outsourcing, is a choice that is dependent upon the kind of hotel and the mindset of every hotelier. There are altogether different services that can be outsourced however the most sensitive ones are those which specifically include customers, such as clothing, cleaning and janitorial facilities, eatery, and so on (Olson, 2013). Whatever the case is, it's not a simple choice to be made, and the main point is to maintain balance between the hotel's own particular assets and outside assets. However, looking at the given benefits and drawbacks of the outsourcing, it is advised that The Sydney Novatel outsources (Subcontracts) some of its activities. The externalized services will add to the hotel's effectiveness while other functions can be kept under the control of the management of The Sydney Novatel. It will precisely allow the Sydney Novatel to get two major benefits which are of competitive advantage and ability to segregate the activities into core and non-core , and finally focusing on the core ones. Reference Al-Kassem, A. (2017). Recruitment and Selection Practices in Business Process Outsourcing Industry.Archives Of Business Research,5(3). Alvarez-Galvan, J. (2012).Outsourcing and service work in the new economy. Newcastle upon Tyne: Cambridge Scholars Publishing. Edward, Y. (2011).Outsource. Boston: Pearson. Espino-Rodrguez, T., Lai, P. (2014). Activity outsourcing and competitive strategy in the hotel industry. The moderator role of asset specificity.International Journal Of Hospitality Management,42, 9-19. Gewald, H. (2010). The perceived benefits of business process outsourcing.Strategic Outsourcing: An International Journal,3(2), 89-105. Gold, T. (2012).Ethics in IT outsourcing. Boca Raton, FL: CRC Press. Lamminmaki, D. (2011). An examination of factors motivating hotel outsourcing.International Journal Of Hospitality Management,30(4), 963-973. Leahy, D., Montagna, C. (2011). Economising, Strategising and the Decision to Outsource.SSRN Electronic Journal. Olson, R. (2013). Does It Make Sense to Outsource Utility Operations?.Opflow, 26-27. Rahman, M., Kamarulzaman, Y. (2010). A framework of outsourcing relationship marketing: a focus on the Malaysian hotel industry.International Journal Of Electronic Customer Relationship Management,4(1), 4. Sharda, K., Chatterjee, L. (2011). Configurations of outsourcing firms and organizational performance.Strategic Outsourcing: An International Journal,4(2), 152-178. Wanchoo, R. (2010). Fourth Generation Outsourcing Ricardian Model on Indian Outsourcing Industry and Need For Next Generation Outsourcing.Prabandhan: Indian Journal Of Management,3(1), 13.

Writing a Synthesis Sample Essay

Writing a Synthesis Sample EssayIn most schools, you will be required to write a short synthesis sample essay. Essay samples are short passages that are based on a specific topic that your student has been assigned to write.Most essays are based on the student's own opinion. Synthesis samples are asked of the student so that they may decide whether or not they would write something differently. However, this is also where they come into conflict with the students. Students want to write better essays than their parents did, but they cannot help but having their opinions clouded by their own personal feelings.There are a number of factors that must be taken into consideration when writing a synthesis sample essay. First of all, if you are a teacher, you need to make sure that the student really wants to write this essay. In other words, if the student asks you to do one, then it must be for them. If the student is not interested in doing the essay, then the only solution is to find an other student to help out.You should have a different student each time you do the synthesis sample essay. This gives the student some variety. This will also give them a chance to learn about how you teach and what kind of assignments you give. You can even send the student some other assignments on alternate weeks or the week before the final.It is important that you follow your teacher's instructions when writing the essay. You can follow the outline from the lesson you have taken or else just make sure that you include the proper amount of information. The student will take longer to read the essay, but it will be easier to get the feedback when you are following your teacher's instructions.The main point of the essay is to provide a variety of different examples of how the concepts within the essay apply. You need to read as many examples as possible. Keep in mind that you are in an academic environment. Therefore, you need to demonstrate that you know what you are talking abou t.There are a number of different subjects that you should cover in a synthesis sample essay. These subjects include history, geography, government, literature, physics, science, and mathematics. All of these topics are known throughout your student's school career. Therefore, these subjects should be included.A syntheses sample also comes with an analysis paragraph that outlines what the student thinks of the essay. This paragraph should be related to the essay that was discussed. The reviewer is looking for a balance between both the student's opinions and the data that was used to express the opinions. Although, you should keep your comments brief, you can add in some humor and observations if you would like. Most editors do not mind, but it does not hurt to mention it anyways.

Access and equity essays

Access and equity essays The purpose of the Australian legal system is to provide access and equity for all people in Australia. There is however compelling evidence that shows this to be incorrect. Therefore the statement the law provide access and equity to all people in Australia is untrue. This Statement means that all Australians have the ability to willing exercise their rights of participation within the legal system. While at the same time there is equal fairness to all people who are using those rights within that system. To use a sports carnival as an analogy, access would mean that all people regardless of age, sex or race would be able to compete in an event. While equity would be that all competitors would be racing over the same distance, therefore the every competitor is give equal opportunity to succeed. There are many obstacles that stand in the way of obtaining full access and equity. There are social and cultural factors such as relative difference in wealth, education, social back ground and gender, these factors combined with practical factors like geographic location stop access and equity fully being achieved. The Australia legal system incorporates aspects such as Law enforcement, legal representation, the court system, sentencing and the costs involved. Within all the groups the concept access and equity is not being fulfilled. The enforcement of the law in Australia is controlled by the police. Some of the main reasons why access and equity are not part of police culture is because of the attitude of policemen towards certain groups within society. These attitudes affect the access and equity for these groups. Social factors such as education, and cultural factors such as race also affect the access and equity of law enforcement. An example of this is the relationship between the Western Australian police and the whole aboriginal community; this relationship has been a controversial one for many years now. In 2000, a ...

Avian Influenza and Humans H5N1 Essay Example

Avian Influenza and Humans H5N1 Essay Example Avian Influenza and Humans H5N1 Paper Avian Influenza and Humans H5N1 Paper Abstract   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   There are three types of influenza virus: A, B, and C. Type A strains are broken down further into low pathogenic (LPAI) and highly pathogenic (HPAI).   Some HPAI viruses, such as H5N1, resulted in mild human infections and in some cases, have been fatal.   An â€Å"H5N1† virus has an HA 5 protein and a NA 1 protein.   There are sixteen known HA subtypes and nine known NA subtypes.   There are many combinations of HA and NA proteins that are possible. Only influenza A viruses and all its known subtypes infect birds.   Influenza A H5 affects both human and birds.   There are nine, potential subtypes of H5 known.   â€Å"H5 infections, such as HPAI H5N1 viruses currently circulating in Asia and Europe, have been documented among humans and sometimes cause severe illness or death† (CDC, 2).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In 2006, a new strain of H5N1 bird flu appeared in China.   It affected three times as many Chinese poultry than it did the previous year.   Researchers say that it is a new â€Å"Fujian-like† strain of virus that came from a duck in Fujian, China in 2005 (MacKenzie, 1).   The rate of poultry infections jumped from 3 percent in 2005 to 95 percent by 2006.   Vaccine-induced antibodies did not recognize this new Fujian virus.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In 2008, a new strain of H5N1 was detected in Nigeria for the first time.   It was found to be different from the strains that were circulating in 2006 and 2007 (Stackyard, 1).   The new strain was similar to the strains identified in Italy, Afghanistan, and Iran in 2007.   â€Å"Influenza viruses constantly mutate, however, and vaccines are most effective against the highly specific strains that they are made from† (Bardi, 1).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   A team of scientist at the National Institute of Allergy and Infectious Diseases (NIAID), which is a part of the National Institute of Health (NIH), report that it is possible to prepare vaccines and therapeutics to target a future mutant strain of H5N1. â€Å"This advance was made possible by creating mutations in the regions of the H5N1 hemagglutinin (HA) protein that directs the virus to bird or human cells and eliciting antibodies to it† (Bardi, 1).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   New strains appear and replace older strains.   When a new strain of virus emerges, antibody protection that may have developed after infection or vaccination with an older strain may not provide protection against the new strain.   For this reason, the influenza vaccine must be updated yearly. References Bardi, Jason Socrates.   NIH Scientists Target Future Pandemic Strains of H5N1 Avian Influenza. Retrieved March 12, 2009 from nih.gov/news/pr/aug2007/niaid-09.htm. Centers for Disease Control. Influenza Viruses. Retrieved March 12, 2009 from cdc.gov. MacKenzie, Debora. New Strain of H5N1 Bird Flu Emerges in China. Retrieved March 12, 2009 from newscientist.com. Stackyard, Via.   Nigeria:   A New Strain of H5N1.   Retrieved March 12, 2009 from http://crofblogs.typepad.com.

Discussion Board 5-2 Research Paper Example | Topics and Well Written Essays - 250 words

Discussion Board 5-2 - Research Paper Example It appears to have a more pronounced effect on the client as a matter of trustworthiness (R.Pearson & Herlihy, 2013 ). There are several examples of dual relationships for which these ethics would define as appropriate. According to Pearson (2013), the counselor is supposed to avoid all conflicts of interests in the work he is doing. Such relationships that are inappropriate are inclusive of intimate relationships which in most cases involve sexual relationships, physical contact, counseling a firmer lover and use of gestures that are considered intimate. The second dual relationship is that which involve personal benefit in forms of monetary gains, emotional dependency and provision of goods and services (R.Pearson & Herlihy, 2013 ). In this context it is clear that each association has its take on dual relationship. Definitive guidance on these helps a counselor to make a wise decision on whether to join these associations or not. This is dictated by how severely the counselor feels oppressed or exploited because dual relationships can be beneficial or harmful in their relationships (R.Pearson & Herlihy, 2013 ). For instance, NAADAC clearly forbids sexual relations with current or former client .ACA on the other hand discourages non professional relations with close family member’s .This way a counselor stands a better chance to make an informed decision that he or she will be comfortable with and that will make it easier for him or her to work in a challenging environment (University, 2013). University, G. C. (2013, 01 05). Ethical,Legal and Professonal issues in Counseling. Retrieved 04 01, 2013, from Digital Resourses,eBooks:

Unit 7 Application 1 Essay Example | Topics and Well Written Essays - 1000 words

Unit 7 Application 1 - Essay Example Experience coupled with education is a preferred combination (Gully & Phillips, 2010). It would be advantageous for a company to hire a candidate with many years of experience and a solid education since they not only have the knowledge but also practicality in the application of concepts (Gully & Phillips, 2010). Moreover, there in a better position of handling complex duties or a crisis since they have prior encounter of such scenarios (Heneman & Mueller, 2012). An organization seeking to fill a position would opt for one who brings their experience in the company and thus become an asset. Although a candidate’s qualification and experience are vital, it is important to check on their performance (Gully & Phillips, 2010). If the candidate was working in another organization, then as an employer, one should review their performance in order to rate on whether they are able to deliver on this job given their work history. This is because one might have all other qualifications in check but fails to live up to the company’s expectations. Cognitive ability is another factor of importance (Harris & Brannick, 1999). A candidate should possess the ability to think on their feet as in certain circumstances, one is not afforded the time to consult on a particular issue as it would require a decision there and then. Since there no company that would want to make losses as a result of poor decisions made. Other factors that would come after conclusion of the aforementioned include integrity, background and drug test in that respective order. A candidate should have good ethics and not suffering a drug addiction. The three applicants that I would select from the above list are based on the criteria given above are Frank, Radhu and Raul. This is on the basis of their educational qualification, company experience and performance rating (Gully & Phillips, 2010). In the case of Raul,