Tuesday, December 31, 2019
Ethics On The Movies Antwone Fisher - 1497 Words
Paper 3: Ethics in the Movies: Antwone Fisher In What Ways Might the Therapist Seem to Have Violated Principle Ethics? During the film Antwone Fisher (Black, Haines, Washington, 2002) the therapist who worked with Antwone seemed to have Antwoneââ¬â¢s best interest at heart, but still managed to violate some ethical codes. One of the first violations that I noticed was when he tried to terminate therapy with Antwone after only three sessions. Whereas he initially informed Antwone that he was only required to see him for three sessions, as the sessions progressed it seemed obvious to me that Antwone may need more, and even asked to come back for a fourth session. According to the 2014 American Counseling Association (ACA) Code of Ethics, A. 11.c. Appropriate Termination, ââ¬Å"Counselors terminate a counseling relationship when it becomes reasonably apparent that the client no longer needs assistance, is not likely to benefit, or is being harmed by continued counseling.â⬠I think that the therapist trying to terminate th erapy with Antwone after three sessions was an obvious violation of this ethics code as it was not in Antwoneââ¬â¢s best interest, especially given how much distress it caused him. Is There Any Way That the Therapistââ¬â¢s Handling of the Case is Justifiable Under the ACA Code? Much of what the therapist did in the film (Black et al., 2002) was unorthodox and may have seemed to be going against the 2014 ACA Code of Ethics, however, it also seemed obvious to me that theShow MoreRelatedDenzel Washington2082 Words à |à 9 PagesRoshawn Been Ethics 300-02 Denzel Washington ââ¬Å"Im very proud to be black, but black is not all I am. Thats my cultural historical background, my genetic makeup, but its not all of who I am nor is it the basis from which I answer every question.â⬠ââ¬â Denzel Washington. Some may say he is intelligent, while others may say he is courageous. Big words are just insufficient to describe this actor/director/screen-writer/producer
Monday, December 23, 2019
The Effects Of Tobacco On The Society - 1453 Words
Tobacco companies make nearly $1 million every hour a day or $24 million a day. Tobacco has been around for centuries, as far back as the american indians. Tobacco was one of the first crops grown for money. The amount of pollution and harm the tobacco and cigarette companies cause every year is alarming. Tobacco is hurting the country through pollution, cancer causing chemicals, and debris of tobacco products. ââ¬Å"The cigarette is the deadliest artefact in the history of human civilisationâ⬠(Proctor). Cigarettes are harmful to everyone, including the environment, and anyone near a cigarette smoker or someone who abuses tobacco. If tobacco companies do not slow or stop producing harmful products like cigarettes and cigars then they willâ⬠¦show more contentâ⬠¦Among middle-aged persons, tobacco use is estimated to be the most important risk factor for premature death in men and the second most important risk factor in women (following high blood pressure) in 2010â⬠â2025 (Smokingââ¬â¢s Death Toll). One way to understand better how to address this issue, tobacco deaths need to be monitored closely, and this can be done best if death registries systematically collect data on tobacco use status. Currently, data on tobacco deaths mostly come from individual epidemiological studies (Smokingââ¬â¢s Death Toll).Which can be effective but not nearly as much as the data that would come from death registries. Pollution is getting worse and will continue to get worse unless we do something about it. Getting rid of tobacco products could decrease pollution rates and help prevent further pollution. The pollutants generated by the cigarette arise from the chemical process of burning organic matter, or combustion of tobacco and paper. Combustion processes, such as wood burning or waste incineration, emit thousands of pollutants, some of which are in the gas phase and some of which are in the form of small particles called particulate matter. Particulate matter (PM), also known as particle pollution, is a complex mixture of extremely small particles and liquid droplets that get into the air. Once inhaled, these particles can affect the heart and lungs and cause serious health effects (Particulate Matter).Show MoreRelatedTobacco And Its Effect On Society831 Words à |à 4 PagesIntroduction Tobacco or cigarette is a classical issue in the world. There is no exact evidence that states when did the smoking behaviour actually was started. However, according to cancercouncil.com.au (n.d.), tobacco plants have grown in the wild for nearly 8000 years, and people have started chewing and smoking tobacco since 2000 years ago. Today, based on (tobaccoatlas.org (n.d.)) almost 20 per cent of adult world population that consist of around 800 million males and 200 million females smokeRead MoreTobacco And Its Effects On Society956 Words à |à 4 Pagesââ¬Å"Tobacco is an agricultural crop, most commonly used to make cigarettes. It is grown all over the world and supports a billion-dollar industry.â⬠Tobacco is one of the huge issues that include people in our society. Many people are using sources that will bring up tobacco. Even though TVs, radios or cigarettes packs have warnings on them, people still continue to do it. The government should take more actions to this problem; actions that will make people want to realize the cause that is given toRead MoreThe Effects Of Tobacco On The American Society On One Hand, And The Saudi Arabian Society1902 Words à |à 8 Pagesfocuses on the use of tobacco and the impact on the American society on one hand, and the Saudi Arabian society, on the other hand. A lso, it is extremely important to follow the changes of the using on all types of tobacco during past years until 2010. Then the paper will have the future assuming of the numbers of smokers in the United States of America and Saudi Arabia as well as the problem solving and the recommendations. There are some a verity of differences in using tobacco between countries,Read MoreTobacco And Its Effect On The Nervous System1022 Words à |à 5 Pages Tobacco is simply an agricultural crop, which is used abundantly in making cigarettes. It is a green plant that is commonly found in warm climates, and it was first grown in 1612 in Virginia as a ââ¬Å"profit cropâ⬠for them. Tobacco was used a cash crop for the Virginians, and thats were the origins of such an industry can be accredited to. Since then, Virginiaââ¬â¢s economy as well agriculture has been heavily influenced by tobacco. Nicotine is the main ingredient in tobacco, which is found in moreRead MoreShould Big Tobacco Be Sued for Health Care Bills? An Analysis998 Words à |à 4 Pages Should big tobacco be sued for health bill? An analysis A recent ruling by the Supreme Court of Canada on the subject of smoking is the main topic of my articles. The landmark ruling made on September 30th gives the province of British Columbia ammunition against big tobacco companies. The decision allows British Columbia to sue tobacco companies for damages related to smoking-related health care costs dating back 50 years (Bell Globalmedia Inc [BGMI], 2005). Many expect theRead MoreHarmful Effects of Smoking1418 Words à |à 6 PagesHarmful effects of smoking Doan Thi Huong Thao BAIU08155 International University HCMC Academic English 2 Bien Thi Thanh Mai Instructor May 17, 2010 Abstract Smoking is known to be a primary cause of harmful effects on health, family, environment and society. However, scientist research in health and environment, that researches show that smoking cause many diseases, even lung cancer. An aim of my study has been to determine that smoking also effect on family and society. Results indicatedRead MoreTobacco Kills One Person Every Six Seconds (Sahil). The1678 Words à |à 7 Pages Tobacco kills one person every six seconds (Sahil). The use of tobacco has been around for many years, and it seems only to be getting worse. The human body is affected in an abundance of ways due to the abuse of tobacco products. If individuals would stop the use of tobacco, this would help prevent many diseases, negative health consequences and possibly early death according to their age. Tobacco use is a problem because, it causes numerous health effects on individuals, such as addiction, birthRead MoreThe Tobacco Endgame : Is It Possible?1086 Words à |à 5 Pages Response to ââ¬Å"The Tobacco Endgame: Is It Possibleâ⬠ââ¬Å"The Tobacco Endgame: Is It Possible?â⬠Written by Thomas E. Novotny and published in PLOS Medicine is an article that reflects on how tobacco has been cancer in society and the newer approaches that are being made in order to stop this ââ¬Å"epidemicâ⬠. Tobacco kills 6 million out of the more than 1 billion users yearly. A meeting was held in 2012 concluded that what was being done was not enough. One solution offered was to create a smoke-free generationRead MoreThe Dangers Of Tobacco And Smoking1584 Words à |à 7 Pagesin our society for generations. Families have grown up with family members that smoke or even smoking themselves. Smoking is a large part of our society spending billions while boosting the economy with sales and ads; in the midst of so much negativity surrounding smoking which is it good or bad? We hear the negatives all the time but upsides to smoking are never discussed. Tobacco and smoking were not always used how they are today. Back around 600 to 900 A.D. many cultures grew tobacco and NativeRead MoreThe Reality of Hookahs942 Words à |à 4 Pagestodays society, smoking is a trend where people of all ages are doing. People smoke anything from cigarettes to hookahs. Hookahs are generally becoming popular throughout the generation. The hookahs are mainly used in bars, cafes, and in peoples own home. People do hookahs to have a great time with friends without knowing the consequences that they produce. If people are aware of the consequences of smoking anything from hookah to cigarettes may be used with the acknowledge of the effects. Many people
Sunday, December 15, 2019
Operation Managerment Free Essays
I. Discussion and Review Question: 1. Briefly describe the term operations management? Answer: Operations Management is management of system or processes that create goods or provide service. We will write a custom essay sample on Operation Managerment or any similar topic only for you Order Now The term operations management includes interrelated activities such as forecasting, capacity planning, scheduling, managing inventories, assuring quality, motivating employees, and deciding where to locate facilities and more. 2. Identify the three major functional areas of business organization and briefly describe how they interrelate? Answer: The three major functional areas of business are finance, operations and marketing. Finance is responsible for securing financial resources at favorable prices and allocating those resources throughout the organization, as well as budgeting, analyzing investment proposals and providing funds for operations. Moreover, operations function is responsible for producing products and delivering services and it needs the support as well as input from others areas of the organization such as finance and marketing. And finally, marketing is responsible for assessing consumer wants and needs, as well as selling and promoting goods or services. Marketing and Operations are the primary or line function. 3. Describe the operations function and the nature of the operations managerââ¬â¢s job? Answer: Operations is responsible for producing the goods or providing the service offered by the organization. Therefore, the nature of the operations managerââ¬â¢s job is to guide the system by decision making. Certain decision affects the design of the system, and others affect the operation of the system. System design involves decisions that relate to system capacity, the geographic location of the facilities and acquisition of equipment. 4. List five important differences between goods production and service operation; then list five important similarities? Answer: Five important differences between good production and service operation are degree of customer contact, uniformity of input, labor content of jobs, uniformity of output and measurement of productivity. Five important similarities: both goods production and service operation involve design and operating decisions. Goods production must decide what size factory is needed and service operations must decide what size building is needed. Both must make decisions on location, work schedules, capacity and allocation of scare resources. 5. Briefly discuss each of these term related to the historical evolution of operations management: industrial revolution, scientific management, interchangeable parts and division of labor. Answer: Industrial Revolution began in 1770s in England and spread to the rest of Europe and to the United States during the 19th century. Then, a number of innovations in the 18th century changed the face of the production forever by substituting machine power for human power. A major change occurred that gave the Industrial Revolution a boost: the development of standard gauging systems. This greatly reduced the need for custom-made goods. Factories began to spring up and grow rapidly, providing the jobs for the countless people who were attracted in large number form rural areas. Scientific Management era brought widespread changes to the management of the factories. The movement was spearheaded by the efficiency engineer and inventor Frederick Winslow Taylor. Taylor believed in a ââ¬Å"science of managementâ⬠based on observation, measurement, analysis, and improvement of work method, and economic incentives. Interchangeable parts are parts of a product made to such precision that they do not have to be custom fitted. Division of labor means the breaking up of production process into small tasks, so that each worker perform small portion of the overall job. II. Critical Thinking Exercise: 1. Many organizations offer a combination of goods and service to their customers. As you learned in this chapter, there are some key differences between production of goods and delivery of service. What are the implications of these differences relative to managing operation? Answer: It is good to combine between goods and service to their customers. Although goods is physical items produced by business organizations and services include activities that provide some combine of time, location, from, and psychological value, goods and services have a relationship to increase number of customers. Beside the company sell the goods, the company need to take care customer with services. It helps the customers trust and pleasure the goods as much as possible. Nowadays, the sale department and customer services department have to connect together to get profit and have potential customers. A good example for that is coffee shop. When you sell cups of coffee for customer, customers not only concern taste as well as the quality of coffee, but also they concern how they are serviced, the coffee is brought quickly or not. Therefore, it is necessary to combine and improve quality of goods and services. III. Case: Hazel 1. In what ways are Hazelââ¬â¢s customers most likely to judge the quality of her lawn care services? Answer: Most Hazelââ¬â¢s customers judge the quality of her lawn care service depend on the way Hazel take care, how long she take care their garden, after Hazel take care, how their garden look, it is beautiful or not. For example, when Hazel mows lawns, she use good material, she work carefully and finish her job on time. It makes her customers satisfy and her job is considered successfully. 3. What are some the trade-offs that Hazel probably considered related to: Working for a company instead of for herself, Expanding the business, Launching the website: Answer: a. Working for a company instead of for herself: If Hazel continues to find the job, she can find the good and satisfy job. However, she will not realize that she can be able to manage and do business. She can continue lose the job and she have to find other the job. She can earn less money with her job than her business. b. Expanding the business: When Hazel expand the business, there are some trade-offs for her. Firstly, she has to spend more money instead of saving her money in the account bank. Secondly, it takes long time for her to do business, and she does not enough time to take care her family. And finally, her business can be unsuccessful and she can lose many things. c. Launching the website: The biggest trade-off for launching the website is her time. When she has the website, there are a lot of customers knows her business. The problem can be that she does not have enough time to cover, if she does not have enough employees. How to cite Operation Managerment, Papers
Saturday, December 7, 2019
Comparative Study of Texts free essay sample
Despite the differences in context, a comparative study of the poetry of John Donne and Margaret Edsonââ¬â¢s play, ââ¬ËW;tââ¬â¢, is essential for a more complete understanding of the values and ideas presented in ââ¬ËW;tââ¬â¢. Discuss this with close reference to both texts. When deconstructing the text ââ¬ËW;tââ¬â¢, by Margaret Edson, a comparative study of the poetry of John Donne is necessary for a better conceptual understanding of the values and ideas presented in Edsonââ¬â¢s ââ¬ËW;tââ¬â¢. Through this comparative study, the audience is able to develop an extended understanding of the ideas surrounding death. This is achieved through the use of the semi-colon in the dramas title, ââ¬ËW;tââ¬â¢. Edson also uses juxtapositions and the literary device, wit, to shape and reshape the meaning of the drama when studied in alliance to the poetry of John Donne. This alliance has been strengthened by the parallel of Vivian Bearingââ¬â¢s and Donneââ¬â¢s interpretation of life, death and eternal life. This enables the responder to recognise the higher concepts of death and its meaning. Both the play and the poems explore the higher aspects of the human condition: life, death and god; however from vastly different perspectives due to the authors differing contexts. Donne, a 17th century poet, was placed in a society where religious beliefs were dominant and most individuals were confident in their belief of life after death. In contrast, ââ¬ËW;tââ¬â¢ is set it modern times where science asserts more dominance over religion.The differences in context is symbolised by Vivianââ¬â¢s attachment to the IV pole shown on page 19 ââ¬Å"She lies slumped on the bed, fastened to the IVâ⬠[stage directions]. This symbolism shows the audience how, although Vivian and Donne are parallels, the extremities of the problems faced by Vivian are different to Donneââ¬â¢s and how in Donneââ¬â¢s context, people relied on the belief of life after death which contrasts how Vivian has no religious beliefs and therefore places dependence on medicinal procedures.This directly contrasts with Donne as religious beliefs were a major part of his 17th century society. Donne conveys how religion is a central idea through the use of many religious references throughout the holy sonnets. In ââ¬ËDeath Be Not Proudââ¬â¢, Donne makes a religious reference to Jesus, ââ¬ËDie not, poore death, nor yet canst thou kil l meeââ¬â¢, expressing how religion was an underlying theme when handling many issues. When the two texts are studied in alliance, it allows the responder to draw a better understanding of the themes presented in ââ¬ËW;tââ¬â¢. This theme, science VS religion, has been emphasised due to the contrasts between Vivian and Donne and their context. Vivianââ¬â¢s condescending nature is a characteristic that becomes amplified in her own flashbacks. This is shown through the quote, ââ¬Å"So far so good, but they can only think for themselves only so long before the being to self-destructâ⬠¦ Lost itâ⬠this shows how Vivian hides behind her wit which is a parallel drawn from herself and Donne. It shows the audience how they both try to hide from death by using wit.At the start of the drama, Edson alienates the main character through the use of a double meaning; ââ¬Å"Iââ¬â¢ve got less than two hours. Then: curtainâ⬠. ââ¬ËCurtainââ¬â¢ is symbolic of death and the use of this double meaning engages the audience, not through emotions, but objectives. The main theme explored in ââ¬ËW;tââ¬â¢ is life and death, and the connection between them. Vivian has dedicated her life to being a scholar of Donneââ¬â¢s holy sonnets and is therefore an expert on human morality, however whilst in hospital, her view on life changes. On pages seven and eight, Vivianââ¬â¢s professor, Professor E.M. Ashford is explaining to Vivian how a semi-colon in place of a comma can alter the true meaning of the holy sonnet, ââ¬ËDeath Be Not Proudââ¬â¢. Ashford shows Vivian how ââ¬Å"Nothing but a breath ââ¬â a comma ââ¬â separates life from life everlastingâ⬠. This is symbolic of how Vivian misinterprets death, reflected back in the title where there is a semi-colon in place of the letter ââ¬ËIââ¬â¢. Later on in the drama, Vivianââ¬â¢s view on life changes through Susieââ¬â¢s kindness. Throughout her whole life, Vivian has been in total control and is now placed in a situation where she has no control.Throughout the whole time Vivian is in hospital, Vivian is learning about herself and accepting the emptiness of human contact within her life, which is highlighted through Vivians realisation, now is a time for kindness. The lack of control is a new experience for Vivian thus making Vivian retreat into simplicity. Through the use of the symbolism of the Popsicle as simplicity and Susieââ¬â¢s kindness paired with the quote, ââ¬Å"Now is a time for simplicity. Now is a time for, dare I say it, kindnessâ⬠; shows the audience how Vivianââ¬â¢s pproach to life has changed and how she has started to break down barriers between herself and Susie on a personal level. The quote ââ¬Å"Now is not the time for verbal swordplay, for unlikely flights of imagination and wildly shifting perspectives, for metaphysical conceit, for witâ⬠further emphasises how Vivian has deconstructed her life to become simpler. However, when conducting a comparative study of Edsonââ¬â¢s drama and Donneââ¬â¢s poetry, the responder will become aware that this is not Vivian forcing herself into simplicity, but her rejecting Donne and longing for human comfort which Donne could not provide.This is highlighted through asking Susie, ââ¬ËYoure still going to take care of me, arent you? ââ¬â¢. Vivians ref erence to metaphysical conceit also refers to Donnes overall conceit, which suggests that humanity complicates and dramatises issues, when life, in fact, is simple and should not be over-complicated. Donnes overall conceit is reinforced through Vivianââ¬â¢s wishes for simplicity, suggesting both an acceptance of the circumstances and rejection of the complexity of Donne. Vivian Bearing is a scholar of the 17th centuryââ¬â¢s poetââ¬â¢s work.Vivian critically analyses Donneââ¬â¢s work to bring out the higher and truer meaning of the texts. This is done through Vivian deconstructing Donneââ¬â¢s work. In the same way, Vivian ââ¬Ëbreaks downââ¬â¢ her life and is always reading between the lines. This is shown through the quote ââ¬Å"I read between the linesâ⬠. This draws out the parallel between Vivian and Donne and a comparative study would show how Donne hides behind wit. Through the realisation and acceptance of death through ââ¬Å"reading between the linesâ⬠, Vivian is no longer hiding behind wit and is accepting of what lies ahead.
Friday, November 29, 2019
Value Added
Introduction Conventional financial reporting shows the firmââ¬â¢s disclose of the financial position of a firm (balance sheet), the financial performance of the firm (income statement), and the movement of cash flow (cash flow statement) (Riahi-Belkaoui, 2004).Advertising We will write a custom essay sample on Value Added specifically for you for only $16.05 $11/page Learn More Although these statements are very useful over time, they fail to give important information about the total productivity of the firm and the share of each team involved in the management of resources: shareholders, workers, government, suppliers, customers, and other stakeholders (Riahi-Belkaoui, 2004). Therefore, this paper will attempt to show firmââ¬â¢s value addition and how it is distributed to the stakeholders. Value Added According to Haslam and Neale (2000) value added is the accumulation of the wealth earned through productive utilization of the companyââ¬â¢s r esources such as assets before it is distributed to the owners, government, customers, creditors, employees, suppliers and the public in general. Value added as defined by Riahi-Belkaoui (1992) is the return generated by the firm to its owners, government, workers, and capital providers such as creditors, supplier and bondholders and it can be calculated by adding earnings before tax to the financing costs (interest) and payroll costs. Similarly, value added may be calculated by subtracting costs incurred during purchasing of the services or goods from the sales revenue. Additionally, the difference between output and input explains effectively the concept of value added, and in reality this is what is used by the government in calculating value added tax. Wood (1978) defines value added as a measure of the wealth added or created and distributed by the company through an activity like Corporate Social Responsibility (CSR) to various firmââ¬â¢s stakeholders such as shareholders, government, creditors, suppliers, customers among others. Thus, it measures net instead of firmââ¬â¢s gross output. In addition, International Labour Organisation, IMF, OECD, UN, Economic Commission for Europe and World Bank (2004) defines value added as the variance between firmââ¬â¢s output value created in a certain period and the firmââ¬â¢s input value acquired or purchased from various companies in order to produce the output. In the form of an equation, value added can be illustrated as shown below; Value Added = Value of the Outputs ââ¬â Value of the InputsAdvertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More There are two ways in which value added can be classified; Gross Value Added (GVA) and Net Value Added (NVA). GVA is determined by adding up sales revenue to any other income generated from various sources or services less purchased services or raw materials from other c ompanies (Mandal and Goswami, 2008). GVA can be used to gauge contribution towards the Gross Domestic Product (GDP) made by the industry or sector or individual producer (OECD, 2001). On the other hand, NVA is the variance between depreciation and the GVA. NVA may also be determined through the producer or manufacturer prices or factor prices or basic prices (Eurostat, 2010). To begin with Cox (1979) proposed two methods that can be used to calculate value added; additive method and subtractive method. Under the additive method, value added is determined as follows; Value Added = Profit/Earnings before taxes + Employeesââ¬â¢ cost + Depreciation + Taxation + Interest charges The additive method equation illustrates how wealth can be distributed to the creditors, employees, and government among other stakeholders. On the other hand, subtractive method describes how wealth is earned or created and the following formula can be used to determine the value added; Value Added = Sales + Servicesââ¬â¢ income ââ¬â Cost of sales/ Services purchased This means that, in order to determine the value added one must use income statement, which indicates the loss or profit made by the company over a certain period like one year or quarter of semi-annual, and how it is calculated as well as appropriated. And just like income statement, value-added statement indicates value added by the firm over a period of time as well as how it is determined and appropriated to the stakeholders.Advertising We will write a custom essay sample on Value Added specifically for you for only $16.05 $11/page Learn More For instance, returns allocated to employees include salaries, wages and the staff expenses; to government include corporation tax and income tax; to shareholders is dividends; to business is retained profits; and financiers is the share capitalââ¬â¢s dividends and interest on the loan. In simple terms, profit is determined by subtracting all business costs from sales. While value added is variance between revenue obtained after selling the companyââ¬â¢s product and services and raw materials costs purchased to manufacture these services or goods. Indeed, profit is the value added less the costs of value addition by the firm. An Example To show the Value-Added Statement Analysis, BT Plc is used as an example. The following table show the value added that is computed from the BT Plc financial statements for the period ended March 31, 2011. From the statement, the BT Plcââ¬â¢s value added is à £10,355 million, which also applies to various stakeholders. à £ ââ¬Å"millionâ⬠Sales Revenue/Turnover 20,449 Less: Cost of materials/ services bought 10,094 Value Added 10,355 Applied To Employees (Wages Salaries) 4,798 To Providers of Finance (Lenders ââ¬â Interest) 861 To Providers of Capital (Shareholders ââ¬â Dividend) 543 To Government (Payment of Corporation Tax, Income Tax) 21 3 To Maintenance and Expansion of Assets (Depreciation Retained Profits) 3,940 10,355 Table 1: BT Plc Value-Added Statement The value-added concept is an important tool for appraising the firmââ¬â¢s performance whose operations have an effect on the economic and social well-being of the society. It recognises various contributors who have made contributions to the process of generating the value like the government, shareholders, financiers and employees. Relationship between value added, cash flow and profit and firmââ¬â¢s sales performance A strong relationship exists between the firmââ¬â¢s financial statements, in that the value added, profit and cash flow are strongly related to the firmââ¬â¢s sales performance. First, the firmââ¬â¢s profit depends strongly on the firmââ¬â¢s sales performance as well as its target. This means that if the BT is not making any profit one would easily look at the firmââ¬â¢s sales budget and performance. And if sales pe rformance is poor, this implies that the firm is making losses. Conversely, in case the firm is more profitable this means that the firm sold more units and exceeded its budget. But at times high profit does not imply high sales. For instance, the firm may purchase products from the supplier at a lower price, with an expectation that it will sell the same to consumers in huge volumes at a higher price, thus expecting high profit. If the firm does not sell the expected volume, this means that the firm may end up with obsolete stock and losses (Heshmati and Loof, 2006).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More BT Plc requires capital in order for it to survive as well as for it to undertake future investment in new assets. The cash is used to purchase resources used to manufacture services or goods, which are then sold. This process is known as cash-flow cycle, which involves the movement of firmââ¬â¢s incomes and expenditures for a period of time. Cash flow as a vital part of the firm is linked with firmââ¬â¢s sales performance. In case the firm sells services or goods, the volume of sales determines how much is earned by the firm. Thus, if the firm is profitable, the firmââ¬â¢s sales performance is excellent resulting to extra addition of cash to cycle of the cash flow. On the contrary, if firmââ¬â¢s sales performance is poor, the firm may be unable to put more cash to the cycle of cash flow as it had anticipated. Therefore, most businesses fail as a result of inadequate cash flow instead of profitability (Heshmati and Loof, 2006). The value-added statement mirrors how BT Pl c creates wealth and how wealth is distributed to the stakeholders. Revenue is generated when services or goods are sold, not when the cash is paid. Hence, for credit sales, the time of sales is before the cash is required. The revenue can also be considered as the starting point for profit. However, the precise relationship is not necessarily linear that is every dollar of extra revenue does not necessarily translate to an extra dollar of profit for two main reasons: (1), the presence of indirect variable and fixed costs and taxes. Different firms have different levels of gearing indirectly variable costs that normally vary non-linearly with the output, while the fixed costs, which are measured as a percentage of total costs are operating costs like rent, will be constant. Thus when sales increase, the profit will as well increase (Heshmati and Loof, 2006). (2), as a business grows and increases its profit, it requires more capital. However, the cost of capital does not stay the sa me because of the amount of risk that capital providers perceive in investing in the company. This means that larger firms represent lower risk. Therefore, it can be seen that there is a non-linearity between profit and EVA and, hence, a non-linearity between sales and EVA (Referenceforbusiness, 2010). Finally, net profit will turn into net cash flow, but over any time period there is a fluctuating relationship, which is largely influenced by economic circumstances. For example, during economic downturns, demand decreases and BT may be forced to delay payments to their suppliers as a result of decreased purchasing power. References Cox, B. 1979. Value added: An appreciation for the accountant concerned withà industry. London: Heinemann. Print. Eurostat. 2010. Glossary: Gross Value Added at market prices. Web. Haslam, C. and Neale, A. 2000. Economic in a Business Context. London: Business press. Heshmati, A. and Loof, H. 2006. Investment and performance of firms: Correlation orà Casuality? CESIS Electronic Working Paper Series, Paper No.72. Web. International Labour Organisation, IMF, OECD, UN, Economic Commission for Europe and World Bank. 2004. Producer price index manual: theory and practice. Washington DC: IMF. Mandal, N. and Goswami, S. 2008. Value Added Statement (VAS) ââ¬â A Critical Analysis: A case study of Bharat Heavy Electricals Limited. Great Lakes Herald, 2(2):98-120. OECD. 2001. Gross Value Added. Web. Referenceforbusiness. 2010. Economic Profit. Web. Riahi-Belkaoui, A. 1992. Value added reporting: Lessons for the United States. New York: Greenwood Publishing Group. Print. Riahi-Belkaoui, A. 2004. Accounting Theory, 5th edition. London: Cengage Learning EMEA. Reprint. Wood, E. 1978. Added value: The key to prosperity. London: Business Books. This essay on Value Added was written and submitted by user Justus Rowland to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Monday, November 25, 2019
A Pleasurable and Educational Preschool Observation Essays
A Pleasurable and Educational Preschool Observation Essays A Pleasurable and Educational Preschool Observation Essay A Pleasurable and Educational Preschool Observation Essay I observed a 4 twelvemonth old preschool category during playday in Staten Island. New York. The category consisted of eight kids. and one certified preschool instructor. There were 4 male childs and 4 misss in the category. During my 60 minute observation I noticed several cases of dramatic drama. peer relationships. relationships with grownups. and self-denial. Dramatic Play During my observation. I witnessed a group of two- one male child and one girl-playing house. Harmonizing to Hutchinson ( 2011 ) kids frequently use playing house as an chance to research world and their societal functions based on grownup behaviour. The two kids that I observed explored world and their societal functions as they pretended to eat dinner together as household. The brace even took it a measure farther as they included doll babes to play as their kids. As the kids played house. the miss cooked dinner and the male child sat at the tabular array waiting for dinner to be ready. As the male child waited for dinner to be ready. he got up. walked around as if he was looking for something and came back with two babe dolls and told the miss. here they can sit following to you . The male child had assigned the miss a sensed female function. to be the female parent and attention for the babe. While the miss had assigned herself a female function. to cook for the male. Therefore. the male child was automatically assigned a sensed male function. to wait for the female to complete cookery so he could eat. The pairââ¬â¢s dramatic drama demonstrates how kids begin to understand standard gender functions and play consequently during early childhood ( Hutchinson. 2011 ) . This drama interaction was non gender segregated. This non-gender segregated drama is a good illustration of how kids play based on their gender. Although. many immature kids prefer to play with same sex couples. I believe this was non the instance because the brace felt playing house required a female and male to suit the right gender functions. I besides believe that mass media plays a strong function in the manner preschool kids play in their sensed gender functions. Harmonizing to Kirkorian. Wartella and Anderson ( 2008 ) . by preschool age kids are active telecasting viewing audiences. Therefore. if kids watch shows that are based on household life. such as Modern Family. they will detect a strong presence of adult females in the kitchen and lovingness for kids. and theoretical account similar behaviours. Relationships with Adults During my observation there was small interaction with the instructor. Children seemed to prefer to play with their equals. One teacher-student interaction I observed was a backdown relationship. The instructor tried to prosecute the brace of kindergartners playing house. However. her battle was unsuccessful. The instructor walked over to the pairââ¬â¢s drama station and asked about the babiesââ¬â¢ names. The brace answered the instructor but did non prosecute other than replying the inquiry. During the clip the instructor was oppugning the brace. the miss got up from the drama dinner tabular array and walked over to play with another group. a group of misss. This illustration supports Garvey ( 1990 ) and Harper and McCluskey ( 2003 ) statement that the attending of an grownup or instructor may impede childrenââ¬â¢s peer interactions. The girlââ¬â¢s reaction to the instructor interrupting her drama scenario was backdown. Another teacher-student interaction I observed was a friendly interaction. The instructor engaged a male child who was with trucks in drama. During this interaction. the male child was playing entirely with autos and trucks. The instructor asked if she could play with him. and he agreed. The instructor and pupil so played with autos and trucks in a friendly mode. This is normal as there is a inclination for instructors to pass more clip with kids who are less societal than more societal kids ( Harper and McCluskey. 2003 ) . The male child in this instance could be perceived as less societal than others as he played entirely the full hr. During my observation I did non see attachment-seeking behaviour from the kids towards the grownups. However. I did hold the opportunity to detect one preschool miss dropped off by her female parent prior to my observation. The preschool girlââ¬â¢s behaviour was crabbed and aggressive. The miss cried and kicked while the female parent signed the miss in. The ma tried to comfort the miss. but looked like she needed comforting herself. By and large. separation from female parents can be nerve-racking for kids. nevertheless. separation from kids can besides be nerve-racking for female parents ( Balaban et al. . 2002 ) . Peer Relationship One equal relationship I observed consisted of three misss playing dress-up. Unlike the old brace that was non gender segregated. this group of misss was gender segregated. Harmonizing to Hutchinson ( 2011 ) in early childhood. kids make friends with other kids of the same gender and age. As these misss engaged in dramatic drama they were really nice to each other. They played with each otherââ¬â¢s hair. did each otherââ¬â¢s makeup. and referred to each other as my best friend . After the Forth miss in the category finished playing house with the male child. she approached the three misss and asked if she could play with them. The three misss took the Forth misss play induction as a struggle. The three misss so teamed up and said no manner. youââ¬â¢re non our friend to the 4th miss in the category. Young kids frequently use the term friend and playfellow interchangeable. Harmonizing to Hutchinson ( 2011 ) . immature kids see the definition of a friend as person you play with. Therefore. when the 4th miss asked to play with the three misss she was excluded because she played with the male child and was the boyââ¬â¢s friend and non the three girlââ¬â¢s friend. Self-denial During my observation. I witness one case of aggression. One miss was constructing a princess castle with edifice blocks and a male child came by and kicked over the palace. The miss instantly got up and pushed the male child and the male child pushed the miss back. The male child or miss did non demo any self-regulation as they engaged in a battle. Besides. there was no helpful or empathetic prosocial behaviour. as the childrenââ¬â¢s actions did non forestall negative urges. In this case of self-control or deficiency of self-denial. the male child and the miss exhibited both instrumental aggression. contending over playthings and physical aggression. physical force against person. However. these signifier of aggression is normal for preschool aged kids as aggression additions during early childhood old ages ( Hutchinson. 2011 ) . Fortunately. aggressive behaviours usually deteriorate by the terminal of early childhood as kids learn to better pass on their demands ( Hutchinson. 2011 ) . My preschool observation was a enjoyable experience. I was able to watch eight happy kids play. battle. laugh. and gag with each other. My observation was besides an educational experience as I was able to use theories learned in category to existent life state of affairss. Overall. my observation experience was both gratifying and educational. Mentions Balaban. N. . Brodkin. A. M. . David. J. . Drucker. J. . Feder-Feitel. L. . A ; Greenberg. P. ( 2002 ) . A Great Start To School. Scholastic Parent A ; Child. 10 ( 1 ) . 40-45. Harper. Lawrence V A ; McCluskey. Karen S. ( 2003 ) . Teacher-child and child-child interactions in inclusive preschool scenes: Do grownups suppress peer interactions? Early Childhood Research Quarterly. 18. 163-184. doi:10. 1016/S0885-2006 % 2803 % 2900025-5 Hutchison. E. ( 2011 ) . Early Childhood. In Dimensions of human behaviour: The Changing Life Course ( 4th ed. ) . Los Angeles: Sage. Kirkorian. H. . Wartella. E. . A ; Anderson. D. ( 2008 ) . Media And Young Childrenââ¬â¢s Learning. The Future of Children. 18 ( 1 ) . 39-61. Garvery. C. ( 1990 ) . Play. Cambridge. Ma: Harvard University Press.
Friday, November 22, 2019
Discussion 4- Economics Assignment Example | Topics and Well Written Essays - 250 words
Discussion 4- Economics - Assignment Example According to Hugger (2008), the Optimum Currency Area (OCA) criteria can examine the feasibility of adopting a common currency by NAFTA (p. 23). Canada and Mexico have high levels of intra-regional trade and openness. According to OCA criteria, open economies reduce the costs of a common currency and reduce asymmetric shocks. From interest rate correlations, U.S-Canada monetary policies are similar. NAFTA countries are more similar in terms of GDP per capita growth, trade openness and tax to GDP ratios. Given all its benefits, a common currency is feasible for NAFTA. However, like the Euro, member countries must consider political reasons related to adopting a common currency. Theoretical threats of the Euro to the US Dollar in the international trade mean that a common monetary union in North America would allow the United States to compete on the same level ground with the Euro. Grubel (2000) points out that a single currency in North America would bring benefits to these countries in terms of reduced costs of foreign exchange, decreased interest rates and exchange rate risks. Reduced exchange rates would favor North America in facilitating and expanding international trade (p.
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