Mass Spectrospcopy Essay Example | Topics and Well Written Essays - 1250 words

Mass Spectrospcopy - Essay Example Consequently, the ratio of mass to charge abbreviated as m/e becomes the equivalence of the molecular weight of the component. In this technique, the analysis of the data generated involves the re-assembling of the components and then moving backwards to find the original sample molecule (Klein 673). The fundamental guidelines of mass spectroscopy date back to as early as the 1890s when J.J Thomson was able to ascertain the mass to charge ratio of the electron. Additionally, Wien who illustrated that the magnetic deflection of anode (negatively charged terminal) rays were positively charged is a founding figure in mass spectroscopy. These men were honored with Nobel Prizes for their experiments in this technique. In later years, probably in 1912, J.J. Thomson again was in the limelight yet with another study on Neon atom. In his study, he subjected the Neon-20 atom to mass spectrometry and found a variant atom, Neon-22. This suggested that neon in fact was an isotopic element. The ea rliest form of a mass spectrometry machine was built in 1918 by A.J. Dempster. It was until the mid 1960s that the method of mass spectrometry came into proper and common use because the machines were reliable and affordable (Pavia 443). With the advancement in ionization techniques of high molecular weight substances between 1980s and 1990s, this analytic procedure has grown immensely. Introduction of affordable instruments that provide high resolution has enabled researchers in all fields to conduct in depth analysis of various molecules ranging from oligonucleotides, and other biological compounds. Mass spectrometry traverses all fields and has been of significant value in drug development, and drug discovery. Within the health sector, this technique has been vital in the testing of blood and urine samples for detection of compounds termed as markers in specific conditions. Environmentally, this technique has been relied on for monitoring water and air quality as well as testing of energy reserves (Pavia 449). The procedural breakdown of mass spectroscopy begins when a very low concentration of sample molecule is allowed to pass through an ionization chamber. The chamber is usually maintained at very high levels of vacuum. Within this chamber, the sample substance is subjected to a high energy electron beam that essentially produces negatively charged ions. As a result of this bombardment, the constituent molecules in the sample substance fragment. The positively charged ions that are produced are the passed on to an analyzing tube. The path which these cations flow within the tube is curved as result of a magnetic field. Positively charged particles, cations which have the lowest rates of motion implying a low mass, are deflected most by the strong magnetic field. These molecules subsequently collide with the walls of the analyzer. On the other hand, high molecular weight components which tend to have high momentum are not deflected by the magnetic forces and as such do not undergo collision. Of importance are the ions which possess proper mass to charge proportion (Klein 687). Notably, these ions flow through the path of the analyzer, leave the path through an outlet and run into the collector. This collision with the collector produces an electric current which is stepped up

Created in the Image of God Essay Example for Free

Created in the Image of God Essay The theme â€Å"Created in the Image of God† is saying that everyone is special and no human life should be wasted because God loves us all equally and has a plan for everyone. This theme also explains that everyone is created differently for a reason. The song Don’t Laugh at Me is about the people in the world that are made fun of and Mark Wills is saying that in God’s were all the same. The song Don’t Laugh at Me represents the theme â€Å"Created in the image of God† because Mark Wills is explaining that God made us all different for a reason and he loves us all equally and we shouldn’t be treated different because we have braces or because we are blind; we should all be treated the same. The theme of Narcissism is a self-centered love. Narcissism is when you love the way you look more than you love others, it is being obsessed with the way you look. The TV show Jersey Shore is a show where there are eight people living in a house and they go partying every night and they are all obsessed with the way they look. The TV show Jersey Shore represents the theme of Narcissism because the cast members of Jersey shore are all obsessed with the way they look, they go to the gym every day, they spend way too much time on their hair and on their clothes. The theme â€Å"When Love Goes Wrong† is explaining to us when we should know that your relationship is not good anymore and if we realize these things happening in our relationship, we should get out of the relationship. The song The Best Days of Your Life is about a guy cheating on his girlfriend and he got the other girl pregnant. His girlfriend is now trying to get over him. The song The Best Days of Your Life represents the theme â€Å"When Love Goes Wrong† because the couple in the song, their relationship was ruined when the boyfriend cheated on his girlfriend. The theme of inclusivity is including everyone and making them feel welcome even if you aren’t best friends with them. The picture I chose of children playing shows the three children sitting down playing and one child standing and it represents the three children letting the one child play with them. The picture of children playing represents the theme of Inclusivity because these children are letting the one child play with them even though they may not like that child, they are being nice and letting him play with them, because they are doing the catholic thing to do by letting him play with them.

Benjamin Franklin :: Biographies Printing Apprentices Essays

Benjamin Franklin "If you would not be forgotten, as soon as you are dead and rotten, either write things worth reading, or do things worth the writing." Having followed his own words of wisdom, Benjamin Franklin made an everlasting mark on America since his early days as a printing apprentice. Born to Josiah and Abiah Franklin on January 17, 1706 in Boston, New England (now known as Massachusetts), Benjamin Franklin was the youngest son of seventeen children. Early on, Franklin excelled in grammar school and was good when it came to writing, so his father sent him to a writing and arithmetic school. While there he continued to do well in writing but failed arithmetic. At around ten years of age Franklin left school to help his father's soap making business. Two years later, and after observing many different trades, Franklin was persuaded to become a printing apprentice of his brother James until the age of twenty-one. While working as an apprentice Franklin also satisfied his appetite for reading and debating by borrowing books whenever he could and engaging in friendly argument with another boy named John Collins. Although the two eventually parted ways they remained friends, and their friendly arguing in conjunction with his love of literature helped Franklin to substantially improve his writing skills. Eager to have some of his writing published in his brother's newspaper, and knowing that his brother would not publish anything of his, Franklin wrote anonymous letters and delivered them to the printing house at night. Many of his letters were printed before he finally revealed that he had been submitting the anonymous letters. Later on, differences arose between Benjamin and James that caused Ben to run away to New York and then Philadelphia in search of a printing job. After a little searching, and a little help from another printer's father, Franklin found work at Keimer's printing house. Through his acquaintances Franklin managed to get support from the governor, but not his father, to set up a printing shop; all this and he wasn't even twenty-one years of age! However, when he went to London to pick up printing supplies he discovered that the governor whom he thought supported him had lied to him about setting up a printing shop. Having found this out, he searched for and found work at a famous printing house in London. Franklin stayed in London for eighteen months before heading back to Pennsylvania.

In Search of How People Change

How people intentionally change addictive behaviors with and without treatment is not well understood by behavioral scientists. This article summarizes research on self-initiated and professionally facilitated change of addictive behaviors using the key transtheoretical constructs of stages and processes of change. Modification of addictive behaviors involves progression through five stages—precontemplation, contemplation, preparation, action, and maintenance—and individuals typically recycle through these stages several times before termination of the addiction. Multiple studies provide strong support for these tages as well as for a finite and common set of change processes used to progress through the stages. Research to date supports a transtheoretical model of change that systematically integrates the stages with processes of change from diverse theories of psychotherapy.REFERENCES Abrams, D. B. , Follicle, M. J. , & Biener, L. (1988, November). Individual versus g roup self-help smoking cessation at the workplace: Initial impact and 12-month outcomes. In T. Glynn (Chair), Four National Cancer Institute-funded self-help smoking cessation trials: Interim results and emerging patterns. Symposium conducted at the annual eeting of the Association for the Advancement of Behavior Therapy, New York. Beitman, B. D. (1986).

Supersize Me

As a person who spends a lot of time online watching Youth videos or just browsing, I've noticed a lot Of advertisements and some of them really stood out to me. I recall McDonald's having multiple advertisements before the start of the Youth telling you about their â€Å"all natural 100% Canadian Beef'. Having this before a video encourages the viewer to counting to watch the ad in order to see the video that you actually want to see. Another way McDonald's markets their foods is just by pictures with cleaver slogans or â€Å"good deals† on it.Pictures of hamburger that take ours to prepare and â€Å"make† and even longer to Photos frequently appears in magazines and billboards are all part of marketing tactics. The huge blown up pictures of fries found in the subway stations and on the giant screens at Tarantula square are all there to convince you to go to McDonald's and spend money. Even something simple as having the golden arches appear in a movie increase the sa les of McDonald's. 2) How does McDonald's specifically target children?As a child, remember begging my parents to take me to a specific McDonald's which was 20 minuets away from our house because there was a lay place there. The colorful tunnel/jungle gym set draws in children of all ages to come in and purchase something just so they could go down the slide. Building these play places with the giant signs are clearly targeting children convincing them to come in and buy something. The happy meal with the collectible toys, the colorful packaging and the cartoons are some of the other ways children are drawn in.As shown in the video, children could easily identify the McDonald's Clown with ease while some struggled to identify George Washington. This is mainly due to the fact that through arresting techniques and advertising through television, the McDonald's clown has become one of the most well known characters in the child's mind. 3) What makes this movie persuasive? Unlike some O f the other documentaries out there that only point out the negative aspects of fast food, this particular video isn't one faced and it tell us both sides of the situation.It is a well known fact that fast food is very unhealthy and this documentary just reinforced this point finally giving everyone physical evidence all set out telling you what the effects about. This commentary showed us regular updates from the doctors telling us the actual numbers has been gaining allowing us to have a very specific comparison. However, Morgan has mentioned many times that he did enjoy some of the meals at McDonald's and he did say that they taste good. He admitted that he got addicted to eating McDonald's and it physically made him feel better.No matter how much you look at the negative effects, many of us will still go to McDonald's just because it tastes â€Å"good†. Overall I think this documentary gave me personally an insight to the scary effects McDonald's on your body even though it tastes good. 4) In what ways do we need to be critical of the movie and its message? Even though this movie shows us the effects of the 30 day diet, we have to carefully consider the regulations and rules that specify what is allowed in the diet and what isn't.It is understandable that the producers of the film want to raise awareness towards the deadly effects McDonald's Can have on someone. However, feel that the outlines of the diet were bias towards a more negative result. For example, during the 30 days, Morgan was only allowed to eat what was on the McDonald's menu and he was to consume 3 squares a day like a â€Å"typical American†. However if you think about this thoroughly, whenever you go to McDonald's, do you order something different every time?Something else to consider is the fact that since your getting fast food in the first place, how you will have the time to get 3 squares at McDonald's. I know that there are some people out there who do consume everythin g at McDonald's on a daily basis. And also know that the filmmakers needed to emphasis the effects of McDonald's but to a normal person, the rules of the diet were exaggerated. Another reason why the message and result of the film may have been manipulated is the locations where he ordered McDonald's from.Throughout the film, he was asked to supervise the meal 5 times in Taxes. The movie also has him go California, New York and many other locations all over the United States. Because of this, the results of the diet come from a variety of places. In my option, if he were to have filmed this in the skinniest states in America rather than the fattest, he may have had less supervises and maybe even healthier â€Å"local specialties†. 5) Does this film reflect Canadians? Even though this film was created in the United States, I think this does reflect Canadians to some degree.Canada has considerably less McDonald's and fast food restaurants than the United States. Because of this , some may think that Canadians are a lot healthier than the Americans. However mainly due to the media and other influences, Canada has also adopted some of America's bad food habits and our diets have also been getting progressively unhealthier. Personally, I think that Canadians in general have more information displayed in the stores allowing people to have access to that information. (on the walls and on the sides of the boxes).I also noticed that in Canadian McDonald's promotes the healthier options more than the unhealthier options. Other than that, Canadian McDonald's can be just as unhealthy as American McDonald's and its up to the consumer to choose. 6) How did McDonald's change after the movie Even though McDonald's denies that the movie influenced any of the company's actions, McDonald's did change a few things after the movie was created. Possible one of the most important changes they made was to take out the supervise option in their menu.

in the mood for love2 essays

in the mood for love2 essays What would it be like to conceal your emotion when you are deeply in love with someone? It is what happens to Chow Mo-wan (Tony Leung Chiu-wai) and Su Li-zhen (Maggie Cheung Man-yuk), who are next-door neighbors in an apartment building in Hong Kong, 1962. Love and marriage is the most essential underlying issue in the film. Interacting with another important element, that is the Chinese traditional culture on respectability, love is expressed in an implicit way which allows the two in love no physical contact. Mr. Chow and Li-zhen are purely soul mates who are painfully polite to each other, which means you do not know what they are thinking. With flash-forwards, the story can be set across 4 years between 1962 and 1966 so that changes in the life of the two main characters can be shown. It is told episodically, base on the issue of Chow and Li-zhen ¡s learning of their spouses having an affair with each other. After their first meeting in the restaurant picking up hints from each other, the two become close friends, and the attachment between them grows deeper and deeper. Therefore, the restaurant scene is the crucial part contributes to the development of the story. The smoke from the cigarette of Chow, the mirrors in the rooms and the shadows of the two at the corner of the street create a dreamy mood. The movie is so peace and quiet that you can hear only slow and short, but meaningful and calm speeches of the characters.  ¡We are not like them ¡, meaning neither Chow nor Li-zhen will transgress as their spouses have done. The evocative music sounds like heartbeats and heightens the inner struggle of the two lovers having guilty mix of tension and desire. Under the watchful eyes of the still-traditional society (the tension), the two never act upon their desire of love, not even verbally express it. We can get the rhythm of director Wong Kar-wai from Chow and Li-zhen ¡s passing each other politely in the hall and ...

reformers and radicals essays

reformers and radicals essays Question: What means did reformers and radicals use to communicate their messages and how did these means influence their ideologies? Over the first Century and a half of American History, Reformers and Radicals found many innovative and effective ways to communicate their ideas to the country. Today, sending a message across the country can be as easy as writing an e-mail, and mass communication can be achieved as easily as setting up a website or buying a television advertisement. It is hard for one to imagine a world without a computer, a TV, or even a telephone, but this was the world that made the task of delivering a message to the people such a daunting task in 19th Century America. Reformers and Radicals used methods such as public speech, writings, organizations, and even violence to communicate to the entire nation. Indeed, the method of conveying a particular message or ideology chosen was very important, as it would often play a large part in shaping that ideology in the eyes of the public. Public speech was one of the most common methods that reformers used to reach the general public. Speeches had many advantages that made them a very appealing way for reformers to convey their message. The main advantage that they held was that they were cost efficient. It only takes one person to make a speech, and there is no other capital required. If someone wanted his or her view heard and had no other way to go about it, a speech was often the best option. Speakers did not even require venues to make their speeches. Although churches or other public buildings were often used, a speech could be made from the back of a horse driven cart. This style of riding from town to town was often seen in New England and upstate New York, where towns were close enough to make traveling from town to town practical. Speeches also appealed to reform groups who did not have a large contingency; a small group of speakers could ofte...

From First Draft to Book Launch How to Publish a Novel

From First Draft to Book Launch How to Publish a Novel You’ve finished writing the first draft of your novel, but there’s still quite a distance to travel between having a finished manuscript and a published book. What you decide to do with your manuscript from here on out will have a huge impact on both the size of your readership and your book’s reception. So, how do you publish a novel? What DO you do with the finished manuscript?   1. Ask yourself if you’re really finished. Reread your novel all the way through as if someone else wrote the book. Make notes. Circulate your manuscript among trusted writers, teachers, mentors, or online forums (the NaNoWriMo forums, Skypen, World Literary Cafe, You Write On, Authonomy, etc.) and solicit feedback. Revise accordingly. Then†¦ 2. Hire a professional editor. The best writers in the world still work with editors. It’s an essential part of the publishing process, no matter how good your manuscript. Whether you’re in need of developmental editing, copy editing, or just proofreading - you want to use a professional.Check out â€Å"What kind of book editing do I need for my manuscript?† to figure out exactly what your book requires at this point. If you don’t have an existing relationship with an editor, visit FirstEditing.com. 3. Start doing your publication prep-work. You’ll need to prepare a few things before you go ahead and publish a book, including: Jacket copy/book blurb An attractive book cover Your author

Critical analysis based on movie Jesus Camp Essay

Critical analysis based on movie Jesus Camp - Essay Example She brings a religious tract over to a suddenly befuddled blond, telling her "Hi, um, God's just telling me that you're on his mind and he just wants to take you and he just wants to love on you and he has special plans for your life." As the blond responds with a kind, yet confused "thank you," Rachael is congratulated by her mentor for listening to the voice of God and bravely sharing her love for Jesus with a lost soul. A weeping Tory, after a particularly emotional meeting, holds the microphone feebly as she cries with all the strength in her heart "I just pray for a change over our nation," illustrating the hidden political agenda with which she has been indoctrinated. At one point in the film, as the religious world crosses into the political realm, Levi states, "America is supposed to be God's nation." Pastor Becky claims that she "can go into a playground of kids that don't know anything about Christianity, lead them to the Lord in a matter of no time at all, and just moments later make them be seeing visions and hearing the voice of God." On all levels she appears to sincerely believe in her mission, though statements such as "They're so usable in Christianity" point to the frightening view of a larger "army of the Lord." She tells children that in the old days (under the Laws of God) "Harry Potter would've been put to death," a rousing call for exclusion, especially a few scenes later when several children tell another child that he resembles Harry Potter. In one scene she has the children "pray over" a cardboard cutout of George W. Bush, who is lionized in parts of the film. Michael Papantonio, who is the first person introduced...A weeping Tory, after a particularly emotional meeting, holds the microphone feebly as she cries with all the strength in her heart â€Å"I just pray for a change in our nation,† illustrating the hidden political agenda with which she has been indoctrinated. At one point in the film, as the religious world crosses into the political realm, Levi states, â€Å"America is supposed to be God’s nation.† Pastor Becky claims that she â€Å"can go into a playground of kids that don’t know anything about Christianity, lead them to the Lord in a matter of no time at all, and just moments later make them be seeing visions and hearing the voice of God.† On all levels, she appears to sincerely believe in her mission, through statements such as â€Å"They’re so usable in Christianity† point to the frightening view of a larger â€Å"army of the Lord.† She tells children that in the old days â€Å"Harry Potter would’ve been put to death,† a rousing call for exclusion, especially a few scenes later when several children tell another child that he resembles Harry Potter. In one scene she has the children â€Å"pray over† a cardboard cutout of George W. Bush, who is lionized in parts of the film. Michael Papantonio, who is the first person introduced in the film, presents a more moderate view of Christianity. Accusing the religious right of â€Å"dividing this country,† he presents an alternate view, one where the love espoused by Christianity is not tainted by the intolerance and agendas of the far-right as personified by Pastor Becky.

Other Essay Example | Topics and Well Written Essays - 500 words

Other - Essay Example However, Tough’s portrayal of Geoffrey Canada’s passion to change the prevailing perspective that I share with millions of other people in America made me sit up in awe, curious to find out if his grand plans for Harlem’s children will work. His promising idea begins with very early interventions, even as early as from the womb, and to empower parents with the right skills to raise their children well. Canada is interested in combining educational, social, and medical services to help all children to grow up with the right foundations regardless of their family’s socio-economic status (4). He envisions that the only way to solve the problem of poverty in America is to â€Å"transform every aspect of the environment that poor children were growing up in; to change the way their families raised them and the way their schools taught them as well as the character of the neighborhood that surrounded them† (19-20). It would seem like a tall order, but com e to think of it, it does make sense to start a-fresh with people who are appropriately trained to combat poverty as they grow up to be intelligent, compassionate and productive citizens. My mindset before reading this book was that it is society’s fault that poverty is so widespread. The cause of the deterioration of morals is mainly due to people’s need to acquire their basic needs from a society that does not give them enough opportunities to live a high quality of life just because they are poor and uneducated. This book has caused in me a paradigm shift that problems should be addressed from the grassroots level, in this case, from childhood or earlier on. To be dependent on society or government would only be setting oneself for failure if one does not do anything out of his own initiative. Children should develop their skills early on so they can be self-reliant. Tough echoes this: â€Å"Skill begets skill; learning begets learning. Early disadvantage, if left

BOCA ticket printing system review Essay Example | Topics and Well Written Essays - 750 words

BOCA ticket printing system review - Essay Example This has been demonstrated by various ways such as is discussed herein. First, the company has employed a good number of competent technocrats to man its operations. This is one of the company’s core strategies to produce best products in the market. In this sense, the company addresses the question of capacity building amongst its employees. Its products and services deploy the latest technologies existing in the current global market. Other than focusing on the man power, the company also uses the best alternative printing procedures, starting from the types of materials and procedures, in order to impact the market with their unique brand. They use the patented printing technique which is eliminates the pixel reduction, thus the dot gains property of a print material. In this regards again, in as much as BOCA company uses unique materials and processes, their products design for the ticket is so basic and for a wider taste of the market. This basic design has in it very spe cial features which make it so unique in the market. Most event organizers have today opted for the unique yet basic design for the tickets used in these events and stadia. Some of these special features include magnetic properties, RFID components, halogram enabled features and foil operated feature. BOCA print products also have an appearance setting on them that is more enhanced than most print products by other companies. This addresses the concern of clarity and precision. Other than clarity the print products also are designed to create and guarantee the security of the product. In this sense, the technological design used by BOCA cannot be easily compromised. This also comes with the company protection which is registered in the company policies that ensures the protection of rights. BOCA tickets have proved good as regards their functionality. BOCA printing company has three major competitors that trade in same products and services. However some of the

Plz follow the instruction Research Paper Example | Topics and Well Written Essays - 1250 words

Plz follow the instruction - Research Paper Example The global outlook advocates ample coordination between the various safety departments (Manuele, 2005). This paper will explore the scope of a coordinated approach to address the crash risks in relation to road haulage. Globalization has increased the volume of freight, and road transportation is a prime area of focus. Since the haulage systems are not fully mechanized or computerized, focus on the human factor is essential. The paper aims to evaluate the risk of crashes entailed in haulage along with scrutiny of research, regulation, regulation, and awareness in this field. It also looks into the current and future risk mitigation measures. In this paper, a specific safety risk has been selected. It is the safety risk of crash associated with road haulage. The history of how the mitigation of this risk has been addressed in research studies, regulation, and public awareness campaigns has been researched and analyzed. Also, the findings are summarized, current risk mitigation efforts are evaluated, and recommendations are made for the future. The business of road haulage depends on the fleet of Lorries that are used for general and long distance haulage across the United States and to the countries like Mexico and Canada. Risk assessment and management for the drivers involved in this kind of transportation business is critical. The safety risk is mainly centered on the crash possibilities. Again, the risk of a dangerous road crash during haulage depends on certain important factors. There is a technical difference between the terms risk and hazard. Risk is generally considered as combining a hazard with its associated probability (American Society of Safety Engineers, 1990). Safety risk involved in road haulage depends on certain hazards associated to their possibilities, especially in the case of crash possibilities. The risk of crashes in road haulage can be evaluated on the basis of certain factors of hazards in combination with their high possibility and o ccurrence. Dangerous goods transportation is a primary consideration. Accident of a truck carrying fertilizers or explosive chemical cannot only injure the driver but damage the locality and environment as well (Fabiano et al, 2002). Hand held cell phone use during driving is also a prominent risk factor (McCartt and Hellinga, 2007). Possibility of collisions with other vehicles particularly at the intersections is another serious risk. The driver’s age is an important consideration in this regard (Mayhew et al, 2006). Driver fatigue, particularly during the long haul, is another risk factor entailed in the crash possibilities of road haulage. Mitigation of a safety risk is possible of course. History of mitigation of risks in regards of road haulage is interesting indeed. In the case of road haulage, combined effort from the authorities concerned with occupational safety and highway security is necessary. In 1970, the Williams-Steiger Occupational Safety and Health Act (OSH act) was passed. â€Å"The act allowed national collection of OHS statistics for the first time. Occupational safety and health standards are put out by the Department of Labor and take legal precedence over state laws and regulations.† (Taylor et al, 2004: 114) Thus, an inter-state framework for the safety of the

Aquisitions and Payments Essay Example | Topics and Well Written Essays - 1250 words

Aquisitions and Payments - Essay Example ing the entire useful life of assets, the management would be paying fewer taxes under double- declining method of depreciation during initial years of useful life. This is because double- declining method uses double the rate of straight line method. Depreciation would be higher in initial years as compared to straight line method. Carrying value of in later years would be lower as compared to straight line method and hence lower depreciation would be charge to income statement resulting into higher income and thus higher taxes during later years of useful life. The position is exactly reversed when management decide to use straight line method of depreciation. However, when using double- declining method and paying fewer taxes in initial years of useful life of asset, the company will have to make provisions for deferred taxation. The cash flow statements of Pier 1 Imports show an entry under the head changes in cash from ‘Sales of receivables in exchange of beneficial interest in securitized receivables’. . That means that Pier 1 had to resort to Securitization laws to take hold of assets covered for receivables that became bad and unrecoverable. The company is generating cash by way of making sales of those assets or beneficial interests held in place of bad recoverable under the provisions of the law. This indicates that there were recoveries that turned bad and Pier 1 had to resort to take possession of some beneficial interests to make good some of the bad debts. â€Å"Securitization is the process of pooling and repackaging of homogeneous illiquid financial assets into marketable securities that can be sold to investors.† (Lakshmi Mohandass). This shows that securitization is undertaken only of those financial assets which become illiquid or bad to recover. The amount shown under the above stated head ‘Sales of receivables in exchange of beneficial interest in securitized receivables’ is quite significant. In 2007 changes in cash flow from such

Plz follow the instruction Research Paper Example | Topics and Well Written Essays - 1250 words

Plz follow the instruction - Research Paper Example The global outlook advocates ample coordination between the various safety departments (Manuele, 2005). This paper will explore the scope of a coordinated approach to address the crash risks in relation to road haulage. Globalization has increased the volume of freight, and road transportation is a prime area of focus. Since the haulage systems are not fully mechanized or computerized, focus on the human factor is essential. The paper aims to evaluate the risk of crashes entailed in haulage along with scrutiny of research, regulation, regulation, and awareness in this field. It also looks into the current and future risk mitigation measures. In this paper, a specific safety risk has been selected. It is the safety risk of crash associated with road haulage. The history of how the mitigation of this risk has been addressed in research studies, regulation, and public awareness campaigns has been researched and analyzed. Also, the findings are summarized, current risk mitigation efforts are evaluated, and recommendations are made for the future. The business of road haulage depends on the fleet of Lorries that are used for general and long distance haulage across the United States and to the countries like Mexico and Canada. Risk assessment and management for the drivers involved in this kind of transportation business is critical. The safety risk is mainly centered on the crash possibilities. Again, the risk of a dangerous road crash during haulage depends on certain important factors. There is a technical difference between the terms risk and hazard. Risk is generally considered as combining a hazard with its associated probability (American Society of Safety Engineers, 1990). Safety risk involved in road haulage depends on certain hazards associated to their possibilities, especially in the case of crash possibilities. The risk of crashes in road haulage can be evaluated on the basis of certain factors of hazards in combination with their high possibility and o ccurrence. Dangerous goods transportation is a primary consideration. Accident of a truck carrying fertilizers or explosive chemical cannot only injure the driver but damage the locality and environment as well (Fabiano et al, 2002). Hand held cell phone use during driving is also a prominent risk factor (McCartt and Hellinga, 2007). Possibility of collisions with other vehicles particularly at the intersections is another serious risk. The driver’s age is an important consideration in this regard (Mayhew et al, 2006). Driver fatigue, particularly during the long haul, is another risk factor entailed in the crash possibilities of road haulage. Mitigation of a safety risk is possible of course. History of mitigation of risks in regards of road haulage is interesting indeed. In the case of road haulage, combined effort from the authorities concerned with occupational safety and highway security is necessary. In 1970, the Williams-Steiger Occupational Safety and Health Act (OSH act) was passed. â€Å"The act allowed national collection of OHS statistics for the first time. Occupational safety and health standards are put out by the Department of Labor and take legal precedence over state laws and regulations.† (Taylor et al, 2004: 114) Thus, an inter-state framework for the safety of the

Leadership Discussion Essay Example | Topics and Well Written Essays - 250 words

Leadership Discussion - Essay Example anization, a leader can challenge the process by first diagnosing all possible causes of a known process problem so that the same does not hinder success of new ones. Banks always use business analysts to help capture the current processes in the banks and what the external environment feels about them. With such audits, it is pretty easy to make actionable conclusions on whether to make modifications on the existing process of coming up with a new one. In challenging the process, especially in the pharmaceutical industry, a leader must understand the interrelations and integration that exist among all the data documents. This is critical in the challenging process because it provides tangible information on the patterns and the necessity for change. Success demands first hand involvement, and that is why most experts say, â€Å"If you want something done right, do it yourself.† Being involved is a sure roadmap to freedom because decisions are made depending on the situations, capabilities, expertise, and objectives. However, as a leader, it is admirable if you empower employees to handle tasks under little or no supervision. To make it a success, however, leaders must be willing to help the subordinates in cases where procedures are complex or decision making is critical. Being a leader requires a will more than being a manager. Challenging processes give room for creativity, detachment from the old fashion norms, and keeps the organization streamlined to the mission, vision, and goals. However, to make it a success, leaders must be involved in ensuring everything done is as per the requirements. Direct interaction with subordinates, getting involved in the processes, and making tangible decisions is a sure way to overcome

Evaluating Compliance Strategies Essay Example for Free

Evaluating Compliance Strategies Essay The compliance process is critical when it pertains to the billing and coding process. It is imperative for Medical Insurance Specialist to remain current on the patient’s participation in contract as well as the medical insurance policies, so there will not be any billing errors. Maintaining a communication with the payer will also prevent billing errors. Such regulations and laws are in place for to protect the patient’s financial state, prevent errors of billing and coding, and to link procedures and diagnoses correctly. Becoming knowledgeable of the billing rules should also help prevent billing errors as well. In this assignment, I will discuss how important it is for medical staff to be knowledgeable of the billing and coding compliance strategies. The first strategy to compliance is to carefully define bundled codes and know global periods. This is important, medical insurance specialist must be knowledgeable of what global periods are for surgical procedures and what specific procedure is included in the bundled codes. The second strategy is to benchmark the practice’s E/M codes with national averages. This strategy helps when conducting comparisons with the national averages, because it helps to monitor upcoding. The third strategy is the use of appropriate modifiers. This strategy helps prevent double billing or unbundling. Modifiers such as -25, -59, and -91 are most important when billing in compliance. The fourth strategy is becoming clear on professional courtesy and discounts to uninsured/low income patients. Unfortunately, providers can no longer provide professional courtesy to patients per OIG’s Compliance Program Guidance for Individual and Small Group Physician Practices. However, if the patient may qualify for discounts if they are either uninsured or has low income. According to textbook Medical Insurance: An Integrated Claims Process Approach, â€Å"The practice’s method for selecting people to receive discounts should be documented in the compliance plan and in its policies and procedures information (Valerius, 2008). Lastly, maintaining a compliance job reference aid and documentation template can help with compliance. In other words, having a cheat sheet of commonly used CPT codes or diagnoses codes could help smooth the billing process. There are establishments in place to ensure that there is correct and appropriate coding. Programs such Medicare’s national Correct Coding Initiative (CCI) Policy Manual for Medicare Services provide manuals to help correct improper coding when billing for Medicare services.

Corporate Governance in Different Countries

Corporate Governance in Different Countries Corporate Governance and theories Development of Corporate Government is a global occurrence. Different countries have different Theories in relevance and also depend on the stage of economic condition the country is in, the corporate structure of the country and the ownership groups present. It is also important to understand that not only shareholders but other stake holders are also involved wit a company and therefore emphasis should be given to other interest groups as well like employees, suppliers, customers and local communities (Christine A Mallin 2007). Theories associated with development of corporate governance Agency theory In the theory, there are two parties – principals and agents. Owners are considered Principal and director – agents. According to the theory due to self interest agents may not be working towards principals interest. In such cases the result may not be as expected by the principals or owners. A good corporate control is thus required to reduce agency problems and to keep control over directors actions. Transaction cost economies As firms desire to grow overtime, they need capital to expand. Often a firm raises a capital by going public or including other shareholders into the firms. As the owners in the company increase it is possible that the separation of ownership and control (which mostly remains in the hands of directors) may create problems. Stakeholder theory As discussed earlier, a firm has a member of stakeholders and is not just accountable to shareholders. If there are other stakeholders that need to be given emphasis then the governance system is developed accordingly. Corporate governance has only recently gained more importance and although agency theory was the main theory that led to its development, stakeholder theory is gaining more importance as it evolves further. It has been observed that good corporate governance have helped business perform better and provided better access to finances. Corporate Governance in UK Cadbury and Greenbury reports had a major contribution in UKs Corporate Governance. Cadbury Report (1992) â€Å"The Report of the committee on the financial aspects of corporate governance†, also known the Cadbury report, was published in December 1992. After 1980s financial scandals, a committee was formed in may 1991 by the financial reporting councils the London stock exchange and the accountancy profession. The committee worked in the financial aspects of corporate Governance and produced a code of Best Practice, which all UK listed companies related to director remuneration, responsibilities and tenure. Some of the recommendations were as follows. The majority of non-executive directors should be independent of management and free from business or other relationship. Non-executive directors should be appointed for the specified terms. Executive remuneration should be subject to the recommendation of a remuneration committee made up entirely or mainly of non – executive directors. Greenbury Report (1995) The rise of remuneration of directors and absence of necessary incentives for directors to perform better works a rising concern for investors and the public at large especially for listed firms. The Greenbury committee was thus established to address the above-mentioned issue. The committee submitted its report in 1995 and much of its findings were incorporated into the code of Best Practice on Directors Remuneration. The report addressed for major issues â€Å"The role addressed for major issues in setting the remuneration package for the CEO and other director. Service contracts - performance†. Hampel Report (1998) After the Greenbury report in 1995, a committee was established in 1996 to review and revise the earlier recommendations of the Cadbury and Greenbury committees. The committee recognized that it was important to understand the situation of each company and the principle of corporate government should be more flexible to be applicable to all companies. While Cadbury and Greenbury reports addressed the abuse of the discretionary authority entrusted to management, Hampel viewed the same to maximize the shareholder value. Combined Code (1998) The combined code was formed from recommendations of Cadbury, Greenbury and Hampel reports put together. It outlined the best practices, which were not mandatory for companies to provide sufficient information to the shareholders about its practices. Higgs Report The report was dedicated towards determining the role, independence and recruitment of non-executive directors. Higgs identified non-executive directors role contributing to corporate strategy, setting remuneration of executive directors, monitoring the performance of executive management et. And recommended that one third board should comprise of non-executive directors. Corporate Governance in Germany In Germany, most of the firms are either public or private limited that have shareholders who control the firm and its policies. Like many other European countries, in Germany there are a number of shareholders in a firm. Both financial and non financial investors hold considerable shares in a firm and are the most influential people. It is therefore important to take into consideration these cross-holdings that investors have when analysing the corporate governance in Germany. According to Charkham (1994), banks have considerable investment in large firms and therefore play a central role in determining the corporate policies of the firm. Banks provide long term loans to the firms and develop long term relationship with the firms in the course of time. Due to these facts the corporate governance in Germany can also be called an ‘insider system (Charkahm, 1994). The German corporate governance has a dual board system comprising of a management board and a supervisory board. The management board handles the day to day activities of the firm and is responsible for management of the whole firm. The supervisory board on the other hand is responsible for appointing the directors in the management board, supervising them and deciding their remuneration. The supervisory board also advices the management board on various aspects of business. According to Charkham (1994), â€Å" if there were a spectrum with ‘confrontation at one end and ‘co-operation at the other, we would definitely place German attitudes and behaviour far closer to the co-operation end than, say, those of British or Americans.† (Charkham, 1994) What Charkham (1994) indicated was how close the shareholders in German firms are to its operations and the interests of different stakeholders are given equal emphasis. This is supported by the Works Constitution Act 1972, according to which work council has the right to deal with employee matters and conditions of work. This is done to improve trust of the employees in the organisation by keeping them informed about companys activities and allowing them to participate in the decisions of the company that may have effects on the workers. However the first corporate governance code, Cromme code, was first published in 2002 as discussed in the next section. Cromme Code (2002) A committee chaired by Dr Gerhard Cromme was assigned the task to submit a report on corporate governance. The committee submitted the Cromme Report, also know as the Cromme Code, which was published in 2002 and has a number of sections that provide guidelines about different aspects of corporate governance. Later in 2005 there some amendments made to the code. Some of the sections that Cromme Code covered are: General Meetings and shareholders According to this section of the code, it is required by the companies to submit annual reports and other financial statements in the general meeting. The meeting decides how the net income has to be disclosed and whether the decision made by the management and the supervisory boards are appropriate and approved. The code also requires the firms to publish these on their website, with any other agenda for public transparency. Co-operation between the Management Board and the Supervisory Board The management board being the set of directors who actually run the company operations, and the supervisory board being the one that advises and sets goals for the management board, it is important that the two boards co-operate with each other. The code therefore suggests that the management board should report its activities to the supervisory board so that the companys strategic approach is rightly followed. The management board can seek guidance of the supervisory board in case of any issue and should look to report these immediately. The supervisory board on the other hand should monitor the progress of the management board and check if the duties assigned to management board are being performed effectively and if there are any changes to be made into them. If there is any deviation from the Cromme Code then it is the duty of the management board and the supervisory board to mention them in the annual report explaining why such deviations had occurred. The company has to keep t hese details available for public viewing for atleast five years. Management Board The management board is set up by the supervisory board, and it is required as per the code to report these notes in the accounts. In case of any difference in the interest of the management board and the supervisory board, it should be immediately conveyed to the supervisory board. This is important so that management board can work independently and in the best interests of the company. The code also mentions that the remuneration of the management board should consist of both fixed salary and variable salary, as in many companies where variable salary is based on performance of the firm. Supervisory Board The supervisory board has the responsibility to determine the composition of the management board and monitoring of the management board. It is therefore important that the supervisory board has suitable knowledge, experience and ability to make good management board and set good targets. Not only this a good supervisory board can provide good guidance to the management board. The code suggests that the supervisory should be independent and not related to the management board so as to avoid any conflict of interests. The code also forbids the chairman of the management board to become the chairman of the supervisory board. The code also states that the management board directors cannot be in the supervisory board of more than 5 non group listed companies. The remuneration of the directors in the supervisory board can contain both fixed and performance related pay and needs to be disclosed n the annual report as well. The remuneration can be determined in the general meeting or in the articles of association. The Cromme Code has an important requirement that if supervisory board take part in less than half of the meetings in a fiscal year then it has to be mentioned in the supervisory board report. Transparency The code requires the management board to disclose any information or fact that might affect the company operations and not known to the public. This is so as to keep all shareholders equally informed about the companys facts. Disclosure should be made through media which is accessible in time to the public. Reporting and Audit of the Financial Resources In order to avoid any fabrication of the reports the code requires the supervisory board or the audit committee to obtain a statement from the auditor clarifying that there is no financial or any other relation between the firm and the auditor that can affect auditors independence. According to the amendments, from 2006 onwards, it is important for the companies to disclose all elements of the directors remuneration. However, if 75 percent of the shareholders feel that further disclosure is not required then the firm can chose to do so. It can be said that the corporate governance code in Germany has provided great emphasis on serving the interests of various stakeholders. Corporate Governance in India Government had set new reforms introduced in India after the economic downturn in 1990-91 to open up the economy to depend on market mechanisms instead of the government. With the new reforms the committee Securities and Exchange Board of India (SEBI), which became the regulator of the securities market aimed at transforming the public sector and the banking sector in line with international norms. As the disclosure requirements were introduced to safeguard the interests of shareholders these markets were altered. After the economic downturn in India during 1990 – 91, Indian government introduced new reforms to open the economy to rely more on the market mechanisms instead of the government. The new reforms were mainly aimed at making the public sector more efficient. There were also reforms in the banking sector to bring India in line with international norms, and in the securities market, with the new committee Securities and Exchange Board of India (SEBI) becoming the regulator of the securities market. The securities market was altered as disclosure requirements were introduced to safeguard shareholders interests. Kar (2001) mentions how â€Å" foreign portfolio investment was permitted in India since 1992 and foreign institutional investors also began to play an important role in the institutionalization of the market†. India has a range of business, including the public limited companies listed in the stock exchange, private companies and foreign companies. Main ownership of the companies is difficult to determine as there are very few studies in this area but we can say that after the economy opened up after 1990-91, institutional investors are gaining more shares of the market. The Confederation of Indian Industries published a ‘Desirable Code of Corporate Governance in 1998 and many companies took the recommendation of the committee on board. Still there are many companies that have poor governance practices which has led to the concerns about financial reporting practices, their accountability to losses being suffered by investors and the resultant loss of confidence that this caused. A recent example of Satyam Computers proves this that still there are companies, which are not following the Code of Corporate Governance. SEBI formally established the Committee on Corporate Governance in May 1999, chaired by Shri Kumar Mangalam Birla. The report of the Kumar Mangalam Birla Committee on Corporate Governance was published in 2000. The report emphasizes the importance of corporate governance for future growth of the economy and the capital market. Three key aspects underlying corporate governance are defined as accountability, transparency, and equality of treatment for all stakeholders in terms of information. The recommendations of the SEBI are split into mandatory requirements, which are essential for effective corporate governance, and non-mandatory requirements. Board of Directors Board in Indian companies should comprise of the Executive Directors and Non-Executive Directors and Independent Directors. The code recommends not less than 50 percent of the board should be comprised of the Non-Executive Directors, where there is a non-executive chairman, and at least one-third of the board should comprise independent directors, where there is an executive chairman, and finally at least half the board should be independent, the latter being mandatory. Nominee Directors The Indian system allows nominee directors appointed by the financial or investment institutions to protect their investment in the company. Such directors should have the same responsibility as other directors and be accountable to the shareholders. Chairman of the Board The roles of the chairman and the chief executive are different, the code identifies the roles as related and may be combined and performed by one person. Audit Committee The audit committee has many mandatory recommendations, like the committee should comprise at least three members, all of them being the non-executive directors. The audit committee is empowered to seek external advice as appropriate and to seek information from any employee. Remuneration Committee Remuneration committee is set up to decide on the remuneration of the executive directors. Committee should be comprised of at least three non-executive, chaired by an independent director. All the remuneration package of the directors must be disclosed in the annual report with details on all the elements including the fixed salary and performance based incentives. Another mandatory requirement is that the board of directors must decide on the remuneration package of the non-executive directors. Board Procedures Board Meetings should be held a minimum of 4 times in a year with a maximum of 4 months between two meetings and that a director must not be involved in more than 10 committees or act as a chairman in more than 5 committees. Management Management should ensure smooth day – to – day activities of the company. There should be disclosure of the companys performance, position and other things of interest to shareholders in the annual report. Shareholders Shareholders are allowed to be able to participate in the annual general meeting, therefore whenever there is a new appointment of a director it must be in the knowledge of the shareholders about the same. Manner of Implementation Companies must have a separate section on Corporate Governance in its annual report. Non-compliance of any recommendations should be highlighted and explained. The Indian code is rather complex as compared to UK and Germany as it has a number of mandatory and non-mandatory recommendations in its code. Although India has good recommendations on corporate governance code but still the acceptance of code in many companies is still lagging. Roles, Duties, Responsibilities and Liabilities of Directors Functions of Directors In 1844 an Act in Parliament described directors as ‘ the persons having direction, conduct, management or superintendence of a companys affairs. (Alfred Read) described director as a special kind of agent, whose function is to control the companys affairs. The directors in a company have certain responsibilities at law, which they must perform efficiently and effectively. In large organisations the major role of the board is to set the context of the strategy and not to formulate the strategy. To accomplish this, the board must keep on reviewing the corporate definition ‘what business are we in. This can be done by assessing and reviewing strategic proposals and changing them by giving comment and advice on the same, by encouraging managers to work on their strategic aims. The results of these sets the standards of the organisation as well as the standards others have to attain. Another challenge for the directors in an organisation is to balance the powers of managers w ith accountability to the shareholders. The board of directors act as the internal mechanism for control to overcome the principal agent problem. Directors also help in acquiring critical resources and responding to environmental forces and their impact on the organisation. These were however how the roles were perceived in the 1970s and after a number of highly publicised cases of corporate fraud and failure there has been a strong focus on policy issues. According to the Companies Act 2006, the duties of the directors have been identified seven-folds. These have been formulated to keep the acts of the directors in the interest of the company they serve and their shareholders. It is quite interesting how the roles and duties are slowly being more specifically defined and the need of the directors to comply with these by enforcing these into the Company Act. The Company Director His Functions, Powers and Duties by Alfred Read, Jordan Sons Limited, London, 1971 Safeguarding the Shareholders An important function of the board is to ensure that the interests of the members are properly safeguarded. If saving and investment are to play their proper part in the future, the investor must be assured of fair treatment and an adequate return, and it is for the directors to ensure that, so far as is consistent with the circumstances, he is not disappointed. Take Over Bids The function of the board in safeguarding the interests of shareholders is of particular importance in take-over situations. The general rule regarding the exercise of directors powers applies that the interests of their company must be their paramount consideration. It follows that the directors of a company, when advising their shareholders whether to accept or reject an offer for their shares, must disregard the effect he take-over will have on their own personal positions. Ensuring Progress Another function is that of ensuring that the operations of the company are kept under constant review so that changes which are necessary are made without delay when changes take place in public taste or in political and economic conditions. Checking Up on Progress A board must check up on results in order to ensure that the policy that has been laid down is being carried out and that the results expected from it have been obtained. Proper statements should be presented to the directors at regular intervals to keep them informed of what is happening. Powers of Directors The duty of the board is to see that the business is carried in accordance with the memorandum and articles of association. While some powers may be reserved for shareholders, some powers can only be exercised by the board of directors. Often the directors are given power to declare and pay interim dividends during the year if in their opinion the profits of the company justify them. It is also usual for the fixed dividends on preference shares to be authorized by the board. Other powers usually vested in the board are the allotment of shares, the making of calls, the forfeiture of shares for non-payment o calls, the appointment of the chairman and of agents, officers and servants of the company and all matters of policy and management which are of special importance. Also the directors may delegate any of their powers to committees consisting of such members of their body as they think fit; any committee so formed shall in the exercise of the powers so delegated conform to any regulations that may be imposed on it by the directors. Remuneration of Directors Salary has traditionally been described as a word that represents as monthly income of an individual. Directors Remuneration has been a major concern for investors for long. It is observed that directors remuneration has some or most elements of the following: Basic Salary Benefits in Kind Annual Bonus Share Options Pension Rights Basic Salary Basic Salary is a fixed part of the salary that directors get. The basic is generally in the range that similar jobs are offered. Individual experience, skills, and commitment also form an important factor of determining the basic salary. It is also important for the company to analyze skills, and job security related to the individual while setting the basic pay. Benefits in Kind Certain companies provide the directors with some benefits in kind. For example provision of goods, travel and luxury items are some kinds of benefits given to the directors of the company. It is however important that the remuneration committee keeps a close check on such benefits and reviews them periodically, annually provided to improve executive performance. Annual Bonuses Annual bonuses are given based on the performance of company or division. It is mostly a variable form of remuneration and is generally a percentage of basic pay. Annual bonuses can act as motivation for directors to improve their performance. It is therefore important that the remuneration committee sets the good performance targets for the directors. Long Term Incentive Schemes (Share Options) Executive share option is a long-term incentive scheme that has been used by companies for long. Share Options are provided at a lower price than that in the market or at some future date at current prices. This is a factor used to align directors and shareholders interests. The directors thus would want the share prices to go up so as to benefit from the returns from their holdings. However, the directors may sell off their shares and loose interest in share prices thereafter. In UK a provision in the code C6, limits directors to exercise their share options, for at least three years. This is done to keep directors interest in the share prices high for at least that period. A benefit for share options is that it is not taxed until the shares are sold and thus provide the directors a non-taxed form of investment for a specified period. Pension Rights â€Å"Pension Entitlements are a key element in the total Remuneration, with important longer term implications for the individual and the company† (Greenbury, 1995). The pension provision is carefully considered by the remuneration committees, and is measured in terms of the value of pension entitlements earned during the year. (As written in proposal needs more changes but not sure of the books from where it was written) Remuneration can be defined as the aim to reward people fairly, consistently and equitably in accordance to their value to the organization. The impact of executive remuneration on the efficiency of the company can be explained with many different theories. Other policies and theories on effective remuneration, like theory of Human Motivation, are based on the need for stability and sustained staff commitment. Also there are surveyed and comparable pay market for different grades and specialists. Remuneration also depends on the pay structure practice in comparable organizations. Members of board of directors who are not the employees or major shareholders are paid for their services as directors of the company. In the past directors compensation was relatively dependent on the number of hours they devoted to the company but according to the new federal law a new sense of public outrage has appeared and a new fear of shareholder litigation has caused directors to work even harder as before and hence many of the determinants have changed since then.

Macbeth And His Wife :: essays research papers

The Changing Relationship Between Macbeth and his Wife â€Å". . . my dearest partner of greatness . . .† writes Macbeth to his wife when he receives the first three prophecies from the witches. The relationship between Macbeth and his wife is a complicated one. At the start, they seem as in love with each other as when they were when married, the language used by both is intimate and playful. However there is a darker side to their relationship. Lady Macbeth has a change of heart and refers to her husband as a coward when they prepare to murder Duncan. â€Å" . . . I have given suck, and know how tender ‘tis to love the babe that milks me I would, while it was smiling in my face, have pluck’d my nipple from his boneless gums, and dash’d the brains out, had I so sworn as you . . .† Dialogues such as this show her darker side, the side that finally convinces Macbeth to commit the murder of King Duncan. It appears that Macbeth may even be afraid of his cruel wife. After the deed is done, she continues to look down upon him, â€Å" My hands are of your colour, but I shame to wear a heart so white . . .† She still thinks of him as a coward and mocks him about worrying about the deed. Her language and actions display this to us. She sarcastically calls him â€Å" . . . worthy thane . . .† Even though he has done exactly what she wanted him to do; Lady Macbeth still will tease him. This is one of the reasons that drive them apart further on in the play. Apart from her feigning a feint, we don’t see much of the lady until the coronation banquet. Macbeth arranges for his long time friend, Banquo, to be killed so the prophecy would not be fulfilled. When Lady Macbeth asks her husband what he was planning he tells her nothing, â€Å"Be innocent of knowledge, dearest chuck . . .† This from the man who confided everything with his wife in the letter he wrote about the witches, already they have started to drift apart, and Macbeth has only just risen to the throne. Macbeth although outwardly confident that his plan will succeed, appears to be afraid to let his wife know what he is planning, possibly he is afraid of her interfering like she did when they murdered Duncan in his bed.

Comparison of Heterosexual-Parents and Homosexual-Parents Essay

Most people have an automatic belief that a child who is raised by heterosexual-parents is better off than a child who is raised by homosexual-parents. The belief held by most people may make the task seem more socially acceptable. However, there is no law against it, nor is it written in stone that a child should not be raised by homosexual-parents. Furthermore, with the same amount of love, structure, effort, and stability homosexual-parents can be equally as nurturing to a child. The ideal family has always consisted of having two parents which consist of a male and a female. Nevertheless, having parents of the opposite sex does not mean a child with homosexual-parents cannot get the same adequate amount of love. A child with homosexual-parents has two parents who work and take care of them also. Both heterosexual-parents and homosexual-parents can and do show the same amount of love by spending time with the child, talking to the child, working to provide for the child, and showing the child affection. Homes with heterosexual-parents may seem to have more structure and balance because they do not appear to have to deal with any outside negativity. Negativity can result from a number of things such as race and social status, not just the marital status of the parents. Nevertheless, both a home usually has one or more parents who works and provides for the family and there is typically one parent who devotes a lot of time and energy in focusing on the family, especially on the child. Both types of parents can have rules which have to be obeyed, household chores which have to be done, and family time which is a must for raising a well-developed child in today’s society. Therefore, if heterosexual and homosexual parents disregard whatever outside negativity they may encounter and focus on the family and focus on what is important there will be the same amount of structure and balance to a child with either type of parents. Everything in life that a person believes is worthwhile takes effort and time. Parents have to put forth great effort and huge amounts of time in raising a child, especially if a parent wants a well-rounded, well-mannered, happy, smart, and what they believe to be a perfect child. Both heterosexual and homosexual parents can work towards achieving the ultimate goal of raising a perfect child. However, even though at times it may appear to be an easier challenge for heterosexual -parents, it does not mean the same goal cannot be achieved by homosexual-parents. For the sake of the child both types of parents must put forth a worthwhile effort and spend time focusing on what is best for the child. Society, as a whole, automatically has a preconceived idea that heterosexual-parents create a more stable environment for a child. However, the preconceived idea of society does not mean homosexual-parents cannot create a stable environment for a child. The two different types of parents must ensure stability for a child. Stability enables a child to focus on academic achievements and being a well-behaved child who has a stable home life does not seem to get themselves into as much trouble when compared to a child without a stable home environment. In other words, it does not matter if the child has heterosexual-parents or parents who are homosexual, stability, love, structure, and effort plays a major role in the proper development of a child.

Oedipus the King by Sophocles Essay

Sophocles was one of the greatest Greek playwrights presented the most delightful work of the human civilization – the drama â€Å"Oedipus the King†. Sophocles is a person that stood in the centre of the plot and determines the central crisis of the tragedy – moral self-determination of Oedipus. However, the crisis is not as simple as it may seem. One more central problem is that all deeds and actions of Oedipus are fated by the Gods and, therefore, Oedipus doesn’t have free will to choose his destiny. Sophocles reveals the theme of the universal scope: who rules the destiny – the God or a person himself. Looking for an answer to eternal question the main hero Oedipus has left his native town and practically doomed himself to a certain death. Thus, Oedipus can be defined as dramatic character. The downfall of Oedipus the King was fated by the Gods and he was unable to change his destiny. All Oedipus’ actions were formed by a virulent divinity. For example, Oedipus was foretold by the Gods to kill his own father and to get married with his own mother. Exactly the Gods willed him to do everything he didn’t want to. He found, as he thought, the right decision to leave his house. But he didn’t understand the most important thing: the Gods determined the common aspect of person’s destiny, its direction and one of the possible versions of future reality. The destiny could be changed in some situations but the results would be the same as the Gods had foretold. Oedipus was shown to be free at his choice and his ways. But simultaneously all these choices led him to an inevitable results and even to a catastrophe. When he revealed truth of his life he decided to live his native town as he couldn’t cope with new reality which was killing him mentally. Thereby he expressed the main idea of the dramatic plot: it is the God who rules the destiny and the person is only an instrument. The fate and inevitability are nothing compared to a person who understands and realizes his own moral and spiritual essence.

Commercial Contracts Under Nigerian Legislation

COMMERCIAL CONTRACTS UNDER NIGERIAN LEGISLATION Introduction A contract is an agreement which is legally binding on the parties to it and which if broken may be enforced by action in court against the party that has broken it. A contract may be void or voidable. A void contract is that which lacks the essential ingredients or elements of valid contract and therefore of no legal effect. A voidable contract is that which is valid in the first place but may be ended at the instance of one of the parties to it.Such contracts include guarantee with a bank of money lender, hire purchase and sale or leasing of land. The legal consequences of non-compliance are that they are not enforceable at law though they are not necessarily void. However, some categories of contracts must of necessity be in writing or else they shall be void absolutely. These include transfer of shares, marine insurance and hire purchase agreements. As a general rule also, all contracts are in the nature of agreement: h owever, not all agreements may constitute a contract properly so called.For instance, an agreement for the sale of a parcel of land is intended to be binding and enforceable at law, whereas, an invitation to a luncheon which after all, did not hold may not be enforceable at the suit of the disappointed party. A contract may also be under-seal or by deed and may be simple or oral. It may be express when it is written or implied when it is inferred from the conduct and acts of the parties. In addition, there can be bilateral contract between two parties or multi-lateral contract among parties depending on the nature of obligations to be performed under the agreement.Condition and warranty are the two basic types of express terms in a contract. Whether a term is a condition or warranty depends on the intention of the parties. A condition is a vital term which goes to the root of the contract. Breach of a condition entitles the innocent party to repudiate the contract and to claim damag es. A warranty is a term which is subsidiary to the main purpose of the contract, breach of which only entitles the innocent party to damages. FORMATION OF A VALID CONTRACT The main requirements of a valid contract are as follows: 1. there must be an offer; . there must be an acceptance; 3. there must be consideration; 4. parties must have full contractual capacity; 5. there must be an intention to create legal relations; 6. object of the contract must not be unlawful nor illegal; 7. prescribed formalities must be followed, for example, it should be in writing or by deed. Forms of Contract Contract supported by consideration are essentially expected to be in writing,. It is however important to note that a contract may also be oral or implied and yet be binding on the parties depending on the peculiar circumstances.The fact remains that a contract may not be taken as being invalid or unenforceable for the mere fact that it is not in a written form. Te court would normally not assist any person who was lured into an oral agreement. Writing merely facilitates the interpretation or proving of the terms of the contract barring which it may not be all that necessary. In considering commercial contracts under Nigerian legislation however, we would evaluate three of such contracts which are: ? hire purchase; ?sale of goods; ?agency. AGENCY CONTRACT IntroductionAgency is a relationship that exists between two persons, one of whom expressly or impliedly agrees that the other should represent him or act on his behalf. The one that is represented is called the principal while the person representing or acting on somebody’s behalf is called Agent. Agency relationship involves the consent of the agent and the principal that one should act for the other. It thus arises from a contract or agreements express or implied. Ofodile v. Chinwuba Generally, the relationship of principal and agent may arise in three main ways: 1.By agreement , whether contractual or not expres s or implied in nature 2. By subsequent ratification by the principal of the agent’s act done on his behalf, and 3. By operation of law under the doctrine of necessity Whether or not an agency relationship exists would largely depend on the true nature of the agreement and the circumstances of the relationship between the principal and the agent. In another vein, the law of agency consists of the law of the employer and the employed, where the employment consists of bringing the employer into contractual relationship with the third party.This relationship is simply referred to as â€Å"The Master and Servant† relationship under the labour law and for which there is a vicarious liability. An agent should be distinguished for an independent contractor. An independent contractor is the person who negotiates with the third party on his own behalf. An independent contactor is a person liable to give contract for service while and agent or servant renders contract of service . An independent contractor is personally liable at law for his actions. An agent is not a trustee of the goods in his care not being the legal owner.The extent or scope of the Agent’s discretion is determined by his principal’s instructions. Legal title always remains in the principal. An agent can therefore not give good title all by himself. CLASSIFICATION OF AGENCY a. Special Agent: This is someone who has authority to do some particular act on behalf of his principal though not a continuous basis; for instance, a special order to purchase a house or a vehicle. b. General Agent: this is someone who has power to act for his principal in all matters involving business or trade, for example a solicitor or legal practitioner. . A Factor Agent: He is an agent who sells or disposes of goods that are entrusted to him. His activities are governed by the Factors Act 1889 (UK d. Broker Agent: He negotiates ad makes contract for the sale and purchase of goods. However unlike a factor he is not left in possession of the goods. Typical example is insurance Brokers and Stock Brokers. e. Universal Agent: This is someone who represents various principals in many aspects of trade. He is appointed by a Deed under Power of Attorney and has wide powers. f.Mercantile Agent: He represents someone in commercial and certain aspects of trade. Their duties are more or less similar to those of the factor agent g. Auctioneer: He represents a principal in the disposal of real properties. They are usually licensed to sell properties of Mortgagors who have defaulted in payment. Auctioneer acts between the Vendor and the purchaser. He receives commission and invariably sells to the highest bidder. h. Estate Agent: These deal in the acquisition of, valuation of an disposal of properties i.Del-Credere Agent: This is a mercantile agent who, in consideration of extra pay, that is del-credere commission guarantees to his principal that the 3rd party with whom he enters into cont ract on behalf of the principal shall duly pay the sum becoming due under the contract. In effect a del credere agent is a surety of the person with whom he deals. This is just a form of guarantee which may not necessarily be in writing in order to be enforceable at law. CREATION OF AGENCY It may be created in two broad ways namely: (a)Expressly and (b) impliedly a. Express Creation: . By deed – this involves issuing an authority in writing with the necessary instruction and attestation clauses. That is signed, sealed and delivered. This process is known as the granting a Power of Attorney. 2. Oral instruction – This is agency by appointment, it deals with express authorisation of the principal to the agent to act for him b. Implied Creation 1. Agency of necessity – This is created by act of person who normally had no authority but was compelled to reasonable act to protect the interest of the 3rd party especially during an emergency situation. 2.Agency by Estop pel: – This is a type of agency that can be inferred form the conduct of the parties. If the situation that exists suggests that parties want to create an agency relationship, either of the parties is stopped form denying the existence of such a relationship. 3. Apparent Agency – This occurs where a principal has not taken due precaution to prevent a situation where somebody portrays himself as having power to act as his agent. 4. Agency by ratification – This occurs where the principal having full knowledge of the fact, accepts the benefits of the contract entered into by his apparent agent.Any act whether lawful or unlawful may be ratified provided it is not void. If it is voidable it is still capable of being ratified as long as it is valid. In Brook v. Nook where an agent forged his principal’s signature on a promissory note; it was held that the attempt at ratification was void. The principal must have capacity as at the date of the contract. In Keln er v. Baxter where a promoter tried to ratify some pre-incorporation contracts it was held that he could not succeed as the contracts predated the company.

The Role of External Auditors in Accounting Essay

The Role of External Auditors in Accounting - Essay Example To prevent moral hazards associated with the auditors’ liability, the British Serious Fraud Office has imposed heavy penalities for swindlers and white collar criminals to shut down or suspend a suspicious business. On the other hand, auditors who are found guilty of professional negligence may end up facing a monetary loss or penalty through punitive fines and/or the confiscation of their license to practice auditing in the United Kingdom. As stated by Michael Power of London School of Economics, â€Å"it may not be reasonable to expect that auditors would be challenging business models directly and raising strategic issues with finance directors, that is not their job and if we want it to be their job then things would have to change quite substantially. The direction of my comment is that we might be expecting too much from this black box [External Audit] in terms of what it actually delivers†. ... Based on the individual roles and responsibilities of shareholders, internal and external auditors, the board of directors, and the CEO, this report will explain the limits in the role and responsibilities of external auditors when it comes to detecting and controlling fraud activities in business. Role and Responsibilities of External Auditors External auditors are professionals who are hired to conduct audit based on the rules or laws on creating financial statements for the government, a private company, or a legal organization (The Institute of Internal Auditors, 2011). According to Kwok (2005, pp. 151 – 161), accounting irregularities can be made for the purpose of tax evasion or theft by creating ghost employees, skimming of the proceeds, or theft of an asset. Specifically in the United Kingdom, the Chartered Accountants or the Certified General Accountants are the group of individuals who are qualified to conduct external auditing. According to Poorter (2008), auditors within the United Kingdom has to perform a special duty of care to a liable third party. It means that the external auditors are made responsible in making fair, just and reasonable treatment to the company’s external shareholders. In case external auditors have a binding contract between the company and the shareholders of the said company, it is a general rule for the external auditor(s) to fulfil his/her statutory duty as an auditor to shareholders collectively or as a group. As a standard operating procedure, external auditors are expected to evaluate the financial statement of another organization on a yearly basis (Hicks and Goo, 2008, p. 261). Upon going through the financial statement of a government, a private company, or a legal organization, external auditors are expected

Summary Essay Example | Topics and Well Written Essays - 750 words - 4

Summary - Essay Example At next stage the company may ensure its web presence through a corporate website. This web presence is then used to provide details of company’s products or services. At the next level of B2C e-business implementation the company may accept online orders and integrate it with its finance department and later on customer may be enabled to make online payments. This requires an integration of website with company’s financial system. In today’s global markets customer acquisition, retention and extension are ensured through used of Customer Relationship Management Systems (CRMs). A B2B e-commerce system facilitates interoperability between supply chain organizations and other business organizations. It is also integrated with local information systems of the organization. These systems are supplier-facing and are known to be Supplier Relationship Management (SRM) systems. The performance of these systems is analyzed in terms of time they take to complete a procurem ent process. B2B e-commerce systems have significantly squeezed the delays and most of the activities are automated and processed online. Closely related to e-commerce is the procurement process, this process is usually considered to cover all activities of supply chain process and it has a separate model for e-procurement process. Examples of e-business and e-commerce systems http://www.ibm.com/us/en/sandbox/ver2/ http://www.walmart.com/ Chapter 8: Knowledge & Systems for Communicating Online Knowledge is the purified form of information. We come across information in our routine life very frequently and by processing this information we accumulate knowledge that has some value to us. Using information is an important aspect of our daily life. It is important to know how to deal with information we come across and embed it with our previous knowledge to purify existing knowledge. Imagination is the other source of knowledge and we tend to imagine whatever we need to know. Imaginati on is a very important tool used for enhancing our knowledgebase. Knowledge management is essential for its systematic acquisition and various fields of knowledge are combined to make a new field of knowledge. Our professional knowledge is a combination of theoretical, empirical, personal, procedural knowledge and practical wisdom. Practicing several knowledge domains with varying depths formulate professional competence. Sharing, collaboration, participation and building knowledgebase are common functions to generate, acquire and retain knowledge. ICT technologies have contributed a lot towards building and enhancing all these knowledge functions. Wikipedia, e-mails, blogs, forums are few to mention the contribution of ICT technologies. Knowledge Management (KM) is an important organizational objective to utilize the scattered knowledge resources like experiences, insights, and various information systems and databases to ensure learning and sharing from existing knowledge. Knowled ge Management can be utilized to create a competitive advantage, to avoid repetition of mistakes and to achieve sustainable growth and improvement at organizational level. KM can also give powerful and useful inferences form an organizational CRM to make intelligent and aware business decisions. Examples of Knowledge and online Communication Systems

Project Management Essay Example | Topics and Well Written Essays - 4000 words - 1

Project Management - Essay Example Management Information System package is discussed at length putting into consideration the impacts that it brings with it. It was found to provide information that organization need in order to effectively manage their businesses. This package was found to be the best in managing a company’s data and information. An Integrated Accounting System was also discussed in detail comparing its significance to the company and the impacts that accompany it. Various challenges were found to face the company in absentia of the package which can be solved with the application of that software. This system was found to be able to manage different accounts which are essential to the operation of the company. The package worked with use of modules which include the following: the financial Management Module, Accounts Receivable Module, Account payable module, fixed assets module, the inventory control model, sales order module, and purchase order module. The report further recognizes the im portance of Michael Porter’s generic strategy to be used by the ABC Ltd in order to make appropriate strategic decisions and the rationale that accompany the same. The strategy relied on two major aspects in its operations which were competitive advantage and competitive scope. Various functions of customer care were also discussed in the report. Contents Abstract 2 1.0 Introduction 4 1.1 Purpose 4 1.2 Scope 4 1.3 Method 5 1.4 Limitation 5 1.5 Assumptions 5 1.6 Background 6 2.0 SWOT Analysis 6 Strengths 6 Weaknesses 7 Opportunities 8 2.1 Alternative solutions 8 2.2 Management Information System (MIS) 9 2.3 Integrated Accounting System 10 2.4 Cost of Installing an MIS in the company 12 2.5 Discussion 13 3.0 Conclusion 15 4.0 Recommendations 17 Project management Gantt chart 19 1.0 Introduction 1.1 Purpose The purpose of this report was to analyze and determine the suitable management system and an integrated accounting system to be used by the ABC Ltd. The report considered bo th the internal and external environment surrounding the company and identified the challenges posing a threat o the company and opportunities available to the company. Customer service was rather discovered to be the best solution in identifying and satisfying the customer needs. This is because the service was found to be more effective and efficient way of handling the customer needs in any business. 1.2 Scope While determining ways to link Management Information System to an Integrated Accounting System, there are various factors that are put into considerations. Identify ways to increase sales of the firm’s products, regular staff training, management strategies to be used by the company, improve the product line of the organization and to crown it all, conduct customer service to increase the effectiveness and efficiency of their service. The reports looks at was in firm’s strategic decision are reached and how effectively and efficiently an organization should b e managed. ABC Ltd had problem of facing their system which had not been up-dated since the date of its installation. The report puts across rationale of using an up-dated system and the returns that comes with it. Considering the findings obtained in the study and the discussion thereby, a conclusion and recommendation of appropriate measures was done. It was concluded that IT usage in the business was necessary in the organization’

Real Life Experience of an Entrepreneur Through an Open Ended Essay

Real Life Experience of an Entrepreneur Through an Open Ended Interview - Essay Example Moreover, certain learning models as well theories would also be implemented in the process of the entire research. From the conducted interview on the entrepreneur, it has been learnt that there are several aspects that are crucial in starting up a business. An entrepreneur would have to deal with certain unavoidable issues in the commencement of a new business. These issues are quite imperative and have severe impacts on the business. Furthermore, the journey of the entrepreneur is also depicted through the essay. In the reflective analysis part, the application of Schon’s and Kolb’s models have been incorporated to relate the obtained understanding of the scenarios faced by the concerned entrepreneur. Also, the present situation as well as the future aim of the company was also intended to be understood in the essay. Apart from the interview, the personal entrepreneurial development plan is also desired to be portrayed in the research. Time and again, it has been noted that human lives and assets are vulnerable to various types of risks and dangers. The diverse kinds of risks or dangers cannot be predicted and can take place with anybody at any time. In this regard, security of people or assets has become a prime concern. Now-a-days, it has been noted that there are various security agencies that have emerged in due course of time. Among them, A-Star Guard is a well known agency. This company is specialised in proving high level securities services. It has been recognised that the company possesses an efficient team which is strictly professional. It has also been observed that all the members of the company are trained under Security Industry Authority (SIA) and have the capabilities of providing quality security services. The company is accredited under the Approved Contractor Scheme (ACS). It has been learnt that the company is a newly established one but has obtained a highly experienced team of personnel. The security deliverance of the company varies with the

Lower Alcohol age to 18 Research Paper Example | Topics and Well Written Essays - 3000 words

Lower Alcohol age to 18 - Research Paper Example ss endorsed a law in 1964 obliging states to increase their MLDA to 21 or lose sizeable federal subsidies to construct and develop their public roads (10). All states had satisfied this provision by 1988 (14). But the question is, was the decision to raise MLDA to 21 an effective one? Or, should MLDA be lowered to 18? This paper tries to answer these two major questions. The purpose of the MLDA is to lower alcohol consumption and its related predicaments among adolescents. As mentioned above, in the 1970s, a movement toward lowering the legal drinking age to 18 started in the U.S., presenting numerous natural studies. As an outcome of research findings showing that road accidents among adolescents escalated after lowering of MLDA, a civic attempt was initiated demanding states to increase MLDA to 21 (14). The raise in MLDA throughout different states again presented scholars/analysts with a large number of natural studies to evaluate impacts of these policy reforms on alcohol use and associated dilemmas among adolescents (4). In spite of the long history of alcohol consumption laws, the deliberation over MLDA persists. A fraction of this deliberation is whether MLDA of 21 is truly capable of mitigating alcohol-related problems (10). This deliberation is especially important to college campuses or universities for most students on numerous college grounds are below 21 years old. A number of college officials claim that the MLDA of 21 has brought more setbacks on college grounds. However, research findings show that a higher MLDA leads to less alcohol-related problems among adolescents and the age-21 law saves roughly 1,000 young lives annually (13, p. 213). What is interesting is that the impact of the MLDA of 21 is taking place with no or little implementation. A widespread belief among critics of a raised MLDA is that due to the fact that large numbers of teenagers still buy and consume alcohol, an age-21 law is ineffective (13). Yet, according to (9), findings

The order of the legal system helps Essay Example for Free

The order of the legal system helps Essay Legal stability helps ensure that citizens and businesses can manage their affairs efficiently (Lindquist Cross, 2010). The order of the legal system helps to guarantee that all cases will be heard equally. Legislatures create laws that protect citizens and business, and when these laws are broken, the court system is used to reprimand the offenders. The court system is organized into two court structures, the federal system and state system (Kubasek, Brennan, Browne 2009). There is a specific order to the organization to the court system and court proceedings, and this order promotes the stability of the legal system. Every player in the court system knows what to expect regarding their trial, and this predictability is important to ensure that the legal system is fair to all participants. Businesses and citizens alike benefit from a stable legal system because the laws are known and disputes are handled reasonably. The enactment of the Gramm-Leach-Bliley Act in 1999 is one example where an action of the legal system caused instability in business and society. The act repealed the Banking Act of 1933, or the Glass-Steagall Act, that prohibited banks from selling securities (Barth, Brumbaugh Jr., Wilcox, 2000). It also repealed the Bank Holding Act of 1956 that kept banking separate from insurance business. These acts were repealed because academics showed that banks being involved in the sale of securities and insurance did not cause the Great Depression of 1929 (Barth et al., 2000). The fact that banks were allowed minimal sales of insurance and securities with little problem also helped this act to pass. This deregulation of banking contributed to the financial crisis of 2008. The repeal of the Glass-Steagall Act allowed investment and commercial banking to merge, which led to higher capital ratios and lower risk (Bordo, 2008). As a result, normal lending practices were relaxed, and when the subprime mortgage market collapsed in 2007, many banks felt the repercussions. Defaulted mortgages effected the economy and caused a significant recession that affected citizens and businesses alike (Bordo, 2008). Major changes in banking regulations through the Gramm-Leach-Bliley Act is just one example where alleged failure in the legal system lead to instability in business and society. This instability shows the importance of having predictability in the legal system. The Glass-Steagall Act had been in place for over six  decades when it was finally repelled in 1999 (Barth et al., 2000). While research showed that repelling this act would help create a more universal banking system, the deregulation of the banking system caused more corruption instead (Bordo, 2008). Banks were allowed to undertake even more activities than before. These extra activities and the vagueness of the Gramm-Leach-Bliley Act helped to contribute to the instability of the financial sector. When the legal system helps to contribute to instability, more citizens become wary of both the legal system and the financial sector. In order to avoid this problem in the future, the legal system should be more predictable by keeping regulations that protect the people in place.