External auditing has changed to accommodate the changes in corporate Essay

Outside evaluating has changed to oblige the progressions in corporate administration in the UK and different nations, for example, South Africa, Australia, US, India and China - Essay Example days with respect to how the degree of trust can be improved in our networks concerning the administration collections of organizations, native networks and beneficent partnership. While there are numerous discussions that are by and by in progress, the most significant ones are happening in worldwide networks, with different organizations taking lead from that point (Demb and Neubauer 2002, pp.9). By understanding the distinctive purpose of perspectives and hidden methods of reasoning can help the top managerial staff to create practices and arrangements that improve the administration of their association and consequently improve community’s trust in the associations initiative. (Conti and Warner 2006, pp. 12). This paper depends on great corporate administration that ought to be embraced by all the organizations and the job of various systems of corporate administration. Besides, assessment of the significance of corporate administration, its advantages and disadvantages an d examination has likewise been talked about. The procedure by which heading is given to the association I known as corporate administration. With respect to this, control is actualized on the organization and it is considered responsible. Along these lines, it tends to be said that elements, for example, responsibility, administration, authority, course, stewardship are constrained by corporate administration when control is executed in an association. The motivation behind why the definition appears to be adjusted is on the grounds that it guarantees that the balanced governance are utilized during the procedure. This is the motivation behind why it very well may be considered as a far reaching definition with respect to corporate administration. The point of actualizing corporate administration is to pull in the financial specialists just as the supervisors to guarantee that the organizations care about the benefits that are created. In addition, it additionally builds up a connection between the inside administration systems of the association just as the possibility of the network with respect to corporate bookkeeping. In this way, corporate administration builds the certainty of the financial specialists and to encourage the

Hamlet Foils Fortinbras Essay Example for Free

Hamlet Foils Fortinbras Essay In Hamlet, one of Shakespeare’s most conspicuous plays, Shakespeare depicts an incredible case of a scholarly foil among Fortinbras and Hamlet. Fortinbras, a minor character, has characteristics that accentuate Hamlet’s particular characteristics. Fortinbras’ qualities bring out both the most noticeably awful and the best out Hamlet all through the play. In Act IV Scene IV, Hamlet’s monologue brings up all of Fortinbras’ characteristics that Hamlet respects. Fortinbras moves Hamlet to take care of business of activity. Hamlet realizes that he has been thinking too accurately on the occasion of executing Claudius. Then again, Fortinbras is yearning and takes activities for what the has confidence in. For instance, in the letter to the King, Young Fortinbras clarified that he would get back the land his dad lost. Ruler Fortinbras’ demise gave his child assurance and inspiration to make his dad pleased. In contrast to Fortinbras, Hamlet just sobs over his father’s demise. Hamlet keeps on discussing his disdain for Claudius and pledges vengeance for King Hamlet’s murder, however makes no move in it. In Act III Scene III, Hamlet shows his lamentable blemish, stalling. Rather than exploiting the main second Hamlet has alone with Claudius, Hamlet over figures the circumstance and concocts a rationalization for himself to not kill Claudius. Rather than Hamlet’s uncertainty, Fortinbras comprehends what he needs and gets it going. For example, for Fortinbras’ arrangement to attack Poland to work, he autonomously assembled 20,000 men for his military. Despite the fact that the vast majority of Fortinbras’ characteristics differentiate from Hamlet, his characteristics urge Hamlet to be at his maximum capacity. Hamlet admired Fortinbras and exceptionally regarded him. Shakespeare worked admirably of demonstrating the foil among Fortinbras and Hamlet in his composition.

Group Project

You have quite recently been a piece of a merger. You have each been decided to head up your specialization and consolidation the two gatherings into a self-coordinated work group. Work with one another to spread out an arrangement depicting how you will build up another group inside your area of expertise or divisions. It is normal that there will be a few showdowns between individuals. Take a gander at the phases of group improvement and utilize that information to work with the group. It is perceived that a few representatives will won't be a piece of the group. Actually, the new possession expects that there will be some who lose their positions in light of these issues; in any case, that is a last resort.Use every one of your abilities to haggle with workers trying to determine clashes and arrange your group. Since you are cooperating as a group, it is seen by the proprietorship that on the off chance that one is effective, you are on the whole fruitful. Moreover, on the off cha nce that one fizzles, all of you come up short. The future accomplishment of the organization is reliant on your common achievement. Think about the accompanying: * As a group, you should concoct an arrangement and be in understanding since you need to execute it in your specializations. For the arrangement of group improvement, I will utilize Tuckman's Theory, specifically, Forming, Storming, Norming-Performing.The initial step that I will take is to shape a group that has all the gifts and capacities required for the jobs needing to be done. This implies a cautious stock must be created of the aptitudes, and capacities and checking if these are proper and satisfactory for the job needing to be done. When building up an arrangement the goal is to build up a group that is high-performing and brings the upsides of cooperative energies after the merger has occurred. Shaping: During this phase of the group, there is a craving to be acknowledged and to maintain a strategic distance from struggle; The errands are designated concurring the aptitudes and capacities of the persons.The propensity during this stage is to examine different individuals and keep away from showdown. The colleagues become acquainted with one another. It is arranged that this stage should keep going for multi week. Raging: As the proprietors give provoking undertakings to the group there is raging and various thoughts go after thought. I will guarantee that despite the fact that fierce thoughts are introduced, there is beneficial information and smart thoughts are acknowledged. I will utilize resilience and persistence in light of the fact that at this phase there is probably going to be struggle among the representative gatherings having a place with each consolidating organization. I will guarantee that increasingly agreeable communication is possible.This stage will take fourteen days time. Norming: During this stage I will guarantee that the group has just a single objective and an arrang ement will be created to accomplish the undertakings given to the group. As of now standards will be produced for handling various errands allocated to the group and the way where they will be executed. The normng stage will take one weeks time. Performing: To get the group performing, I will get the colleagues to complete multi-utilitarian assignments and to turn out to be commonly reliant. I will set testing objectives for the group and set measures by which the exhibition will be evaluated.The targets of the group and the rules for execution assessment will be so structured in such a way, that the colleagues become reliant. I will effectively take an interest in the exercises of the group and inspire the colleagues. The dynamic will be participative and will energize new thoughts and in any event, disagreeing contemplations; The performing stage will proceed for a time of a half year. Following a time of seven months it is normal that the group will be a durable, high performing, and synergetic. * For each progression you take, give a concise clarification of your reasoning.Forming: during this progression there is a get-together of data about the colleagues from the other organization; There is likewise an endeavor by the individual from the obtaining organization to apply their capacity and become predominant. At this stage just distributing task as indicated by the aptitudes and capacities makes an inclination that each individual has a legitimate spot in the group. Raging: During this progression the inborn clash between workers of the procuring organization and the gained organization come out beyond any confining influence. There are clashes over little issues, and the gained organization individuals will test the principles to check whether they get a reasonable deal.To propel colleagues they should be caused to feel that each individual will be dealt with fairly. (Recall Stacey Adam's value hypothesis). Norming: During this stage rules of cooperatio n are framed and there is a give and take. The colleagues comprehend the worries of different individuals without any problem. Performing: During this phase by setting targets/objective, and setting measures for execution assessment, I constrain the gathering to get related and adaptable. This is the most immediate method for guaranteeing that cooperative energies are accomplished. I will make certain strides during the group arrangement procedure to guarantee that the group development is successful.Since, the individuals from the group originate from various societies; I won't force outside standards or guidelines from outside. Further, since there are people from various organizations, I will guarantee that the gathering doesn't become involved with subtleties, nor will I permit the people from one organization rule others. I will guarantee that every individual from the group gets an equivalent state. Moreover, I will set testing focuses for the group and the targets won't just be in money related terms. In addition, I will support sharing of data and social combination. At long last, I won't permit irregular or undirected changes to my arrangements.

Writing 600 Report - Week 5 Research Assigenmnt Paper - 1100 Words

Writing 600 Report - Week 5 Research Assigenmnt Paper (Research Paper Sample) Content: Writing 600 Report - week 5NameInstitutionAbstractThis report was mainly to be used to compare between the three small cities in British Columbia and investigate on which city can be the best for a single parent family to live. The cities were; Oak Bay, North Saanich, and North Vancouver. These three cities have almost the same environment for raising a single parent family. However, this research helped to come up with the best city which such a family can fit. The research was conducted by investigating on safety, house affordability, and convenience. From the research, the results obtained were that North Saanich would be the best city to settle a single parent family since it has several factors favoring single parenthood. The report concluded that North Saanich had the suitable factors which would be good for a single parent rearing his/her family. The factors were in terms of safety, house affordability, and convenience of the city.IntroductionSingle parent refe rs to a mother or a father who is divorced or widowed and has been raising kids alone. Single parent families might be encountered by several problems. This problem may range from one family to the other. These problems include safety problems in case of a single mother, low income, bringing up the family members to be a one family living happily and also other several factors like resources (Carleton Brantingham, 2014). For a single parenthood, staying in a relatively cheap house in a safe city and where resources are sufficient and easily obtained, life would relatively become easier and happier. North Saanich has a long history of peace, low crime issues, resources are cheaper compared to Oak Bay and North Vancouver (Carleton Brantingham, 2014). Therefore considering these factors, a single parent family can comfortably and happily live in North Saanich.Most single-parent families are so cautious therefore consider a lot before fully settling in an area. One of the most importa nt factors they consider is the safety of the family members in general and the children. The single parent taking care of the family ensures the first security of the family. He/she ensures that the family is safe always and no threat whatsoever. Therefore, for one parent, the security cannot be as intense as when both parents are together (Nunn Irish, 2011). Therefore, settling in a secure place, the parent and the other members are assured of security. On the other hand, income for one parent would be low compared to the family with both parents, therefore, most single parents prefer choosing areas with cheaper resources as well as a cheap housing (Bruin Cook, 2007).MethodsThis report was researched using secondary sources from online Libraries which had all the required information on the three British Columbia cities. The data concentrated on the three cities, that is, Oak Bay, North Saanich, and North Vancouver. This data was analyzed in consideration of three main factors w hich included safety of the family, convenient of the place and also home affordability (Bish, 2000). The report compiled all the three factors and using the method it was possible to come up with detailed results on which city would best suit single parent family.ResultsCost of living and affordability.Figure 1Geographic nameHousing tenure and average housing cost Total householdsRentersTotal ownersHousing costNorth Vancouver, DM 29,6905,45024,240$300 - 1200Oak Bay, DM 7,8752,0755,800$130 - 900North Saanich, DM 4,2554403,815$80- 500 Source: Online LibraryOf the three cities, North Vancouver seemed to have the highest housing cost of $ 300 - $1200, Oak Bay has an average of $130 - $900. This amount is still high when one has low income. The cost of living in North Vancouver and Oak Bay seemed to be so high as compared to North Saanich which had relatively a cheaper cost of living of $80 - $500. From the range of the costs on the table, North Vancouver has consistently the highest co sts with approximately 63 percent high cost of living (Bish, 2000). The other two, although they had high living standards, North Saanich had a better and cheaper cost of living than Oak Bay.SafetyFigure 2 shows the crime rates of the three towns. That is Oak Bay, North Vancouver, and North Saanich.Figure 2.Police Service per CityPopulationOverall Percentage ofCrime Rate North Saanich, B.C.11,805 34.7North Vancouver City, B.C.51,858 78.2Oak Bay, B.C.19,446 42.4Source: Statistics British Columbia Centre for Justice, Uniform Crime Reporting Survey. From the table, crime levels on the three cities can be seen where North Vancouver seems to have the highest levels of crime of 78.2% overall crime rate which indicates a high insecurity level. Oak Bay has a bit a high level of insecurity as seen from the table 2 which involve 42.4% overall crime. Lastly, North Saanich has the least levels of crime with an overall crime rate of 34.7% (Carleton Brantingham, 2014). Therefore, as a factor of security and safety, North Saanich seems to be the best of the three towns since it has the lowest overall percentage of crime. In all the forms of crimes be it violent or crime without violence, North Saanich had the least percentages of the same compared to the other two cities.Figure 3Source: Statistics British Columbia living standards.North Saanich has the highest percentage of convenience with an average of 47%, Oak Bay the second with a percentage of approximately 43% and North Vancouver has 29%. This data shows that North Saanich has the highest level of convenience hence the most suitable for single-parent family.Discussion

The 10 Greatest Heroes of Greek Mythology

Fast Food Nation - 1333 Words

Issues Surrounding the Nations Slaughterhouses In the book, Fast Food Nation, Eric Schlosser discusses the problems that the nation is facing with fast food restaurants. Schlosser wrote this book because he was concerned with where the fast food industry was taking America. He voices his concern about the children and their health regarding meat bacteria, and the fat content of the food. He also mentions how potato farmers, cattle ranchers, and chicken raisers are suffering from the industry controlling prices too low. Another worry Schlosser has is how the meat packing factories for these restaurants treat their workers and ultimately how careful they are with the meat. There are many horrifying stories about the harsh injuries and†¦show more content†¦Instead of these managers looking out for their workers, they try to hide the injuries, and will give injured employees easier jobs until they are healed, if they agree to not visit the doctor. They feel the need to hide minor injuries because a supervisor must meet prod uction goals, keep the number of recorded injuries low, and most importantly, keep the meat flowing down the line without interruption (Schlosser 175). The Occupational Safety and Health Administration (OSHA) is responsible for inspecting meatpacking plants and making sure they are operating and functioning properly. The old OSHA policy was that, there were 1,300 inspectors and over 5 million workplaces to be looked at. The employers would expect an inspection about every 80 years (Schlosser 179). Now, for an inspection to even be done, the factories injury rate must be higher than the national average. There is a slim chance of that happening because the records are kept by the companies officials, since the have direct control on the number of injury reports. Schlosser brings up an interesting statement about OSHAs policy when he says they did indeed reduce the number of recorded injuries in meatpacking plants. It did not, however, reduce the number of people getting hurt. It mere ly encouraged companies, in the words of a subsequent congressional investigation, to understateShow MoreRelatedFast Food Nation1487 Words   |  6 PagesThe Changing of the Food Industry â€Å"In many respects, the fast food industry embodies the best and worst of American capitalism at the start of the twenty-first century – its constant stream of new products and innovations, its widening gulf between gulf between rich and poor† (Schlosser 6). In 2001 Eric Schlosser published â€Å"Fast Food Nation.† Eric Schlosser’s early 21st century muckraking text, â€Å"Fast Food Nation,† attempts to shed light on the consequences of the fast food industry on AmericanRead MoreFast Food Nation1271 Words   |  6 PagesIntro  to  Political  Science 5/12/2013 Fast  Food  Nation The  investigative  journalist,  Eric  Schlosser,  has  written  a  book  to  illuminate  an  epidemic  that started  in  America  and  is  now  becoming  one  of  the  world’s  largest  problems.  In  Fast  Food  Nation, Schlosser  frames  today’s  Fast  Food  giants  in  history,American  entrepreneurialism,  and  over consumption  in  respect  to  consumer  and  employee  wellbeing.  The  power  of  all  modern  Fast  Food giants  combined  have  eclipsed  the  power  of  any  one  government.  Marketing  has  become  a  keyRead MoreFast Food Nation1133 Words   |  5 PagesFast Food Nation Fast Food Nation, by Eric Schlosser, is a stark and unrelenting look into the fast food industry that has ingrained itself in not only American culture, but in culture around the world. There is almost no place on earth that the golden arches has not entered. Aside from Antarctica, there is a McDonalds on every continent, and the number of countries that have fast food restaurants is growing on a daily basis. Schlosser describes in detail what happens behind the scenes, beforeRead MoreFast Food Nation2536 Words   |  11 PagesDialectical Journal – Fast Food Nation 1. â€Å"Hundreds of millions of people buy fast food every day without giving it much thought, unaware of the subtle and not so subtle ramifications of their purchases. They rarely consider where this food came from, how it was made, what it is doing to the community around them. They just grab their tray off the counter, find a table, take a seat, unwrap the paper, and dig in† (Schlosser 10). In this passage from the introduction, Eric Schlosser directly statesRead MoreFast Food Nation Examines The History Of The Fast Food1847 Words   |  8 PagesFast Food Nation examines the history of the fast food industry as the world began to consume the idea of quick and easy cuisine. This piece of investigative journalism really gives it s readers a look at the fast food industry and its development over time. This book is divided into two sections. The first section delves into the beginnings of the industry and how it developed into the large corporational business it is today. Th e second section examines the business behind the scenes. The bookRead MoreExamples Of Rhetorics In Fast Food Nation1038 Words   |  5 Pagesvery effective or ineffective at persuading an audience. This is seen in Eric Schlosser’s book Fast Food Nation in which he uses the three rhetoric tenets to better assure his claim of fast food but also use the rhetoric tenets ineffectively in an argument. By using these rhetorical ideas, his writing is very persuasive at points but also left unsuccessful at other times. The use of ethos in Fast Food Nation is seen many times to help Schlosser appeal as credible and trustworthy while ensuring thatRead MoreFast Food Nation: The Inconvenient Truth of Fast Food Essay572 Words   |  3 Pages ‘Fast Food Nation’ by Eric Schlosser traces the history of fast food industry from old hot dog stands to the billion dollar franchise companies established as America spread its influence of quick, easy and greasy cuisine around the globe. It is a brilliant piece of investigative journalism that looks deep into the industries that have profited from the American agriculture business, while engaging in labor practices that are often shameful. In Fast Food Nation, Schlosser goes beyond the factsRead MoreEric Schlossers Fast Food Nation And The Jungle1698 Words   |  7 PagesFast food restaurants exude bright colors, distribute meals with toys, and create a sense of happiness, but what truly goes on behind the scenes of this magical industry? In Eric Schlosser’s Fast Food Nation and Upton Sinclair’s The Jungle, the authors use similar rhetorical strategies to reveal the motives and unconventional practices of the food industry. Schlosser conveys his purpose through the utilization of pathos, ethos, anecdotes and imagery as compared to Sinclair who uses historical referencesRead MoreFast Food Nation Essay804 Words   |  4 Pagesstudy called â€Å"Fast Food Nation 2008. The panel consisted of 1,000 respondents of ages 16-65 who provided their inputs with an online survey which was conducted between March 13 through 2008. Which was based on results on fast food restaurants like McDonald’s, Burger King , and Wendy’s are gaining popularity even through the economic hardship and recession. Marketing strategy has become more of influence on kids and young American’s. As population grows and the demand increases of fast food restaurantsRead MoreFast Food Nation By Eric Schlosser1678 Words   |  7 Pagesâ€Å"Congress should ban advertising that preys upon children, it should stop subsidizing dead-end jobs, it should pass tougher food safety laws, it should protect American workers from serious harm, it should fight against dangerous concentrations of economic power (Schlosser). People must wonder how is it that a fast food company has so much customers. Advertising is the answer. The power advertisers have to be able to influence so many people s decisions and affect people’s lives especially the lives

Rhetorical Fallacies of Advertisements Essay Sample free essay sample

Ads bombard the universe every twenty-four hours with merchandises that sellers claim will do their lives better. The ads enticement in unsuspecting victims with exuberant landscapes and beautiful adult females along with â€Å"professionals† urging the merchandises. These consumers have fallen victim to the marketer’s rhetorical schemes. For case. the ad supplied with this reappraisal is full of rhetorical false beliefs which would impact consumers to purchase the manufacturer’s goods. The ad provided is a toothpaste ad that has three principal images traveling on to act upon the purchaser. Two of the images are phrases which promote the merchandise and the other image are of an attractive adult female utilizing the toothpaste. These images contain false beliefs which influence the mean consumer without their knowing and are effectual in acquiring across to consumers that they need to purchase the toothpaste merchandise. In the ad. a adult female can be seen in the background smile and keeping a toothbrush with some toothpaste applied on to the bristles. Using attractive people in advertizements are common. It can appeal to both the male audience and female audience in different. but effectual ways. In this ad. argumentum ad passiones. entreaty to emotion is the false belief used to pull strings the consumer. However. this ad works otherwise for each sex. The adult female used in the ad would be considered attractive and entreaties to the male audience in a sexual mode. If a male is walking down the aisle and sees a toothpaste container with an attractive female on it. so he is more than probably traveling to take a 2nd to look at the container and state to himself. â€Å"Hey. she’s pretty hot! † From that point the male associates the toothpaste with attraction and makes a headlong generalisation that utilizing this merchandise will pull ladies who are of the same quality and attraction of the lady on the box. This point is besides driven by the biological demand to reproduce. and birthrate is unconsciously connected to attractiveness. So. as the male strolls down the aisle and sees the ad on the toothpaste he is now being influenced that utilizing this trade name of toothpaste will convey attractive ladies in which you can reproduce with ( have sex with ) . However. this part of the ad affects the female audience otherwise. but still uses argumentum ad passiones to act upon the consumer. They appeal to emotion in this ad to females by assailing their insecurities. Womans are being blasted with images of what is considered â€Å"beautiful† and when a adult female does non run into that standard insecurities can develop. and corporations can feed on that and act upon adult females to buy their merchandise. If a adult female is walking down the aisle and catches a glance at the attractive adult female on the toothpaste box her first idea is that the adult female is attractive. but the manner it breaks down is different from that of the man’s manner of interrupting down the image. A adult female will see the delicate tegument. beautiful hair. and the brilliant. white dentitions and tie in it with attraction. Even though. the toothpaste is merely traveling to impact her dentitions. the adult female has associated this trade nam e with the qualities of the adult female on the box. At which point. the adult female will link utilizing this merchandise to promoting her attractive force to others. The first phrase in the top left corner of the ad reads â€Å"Supreme Clean Whitening Toothpaste† . The cardinal words to concentrate on are the adjectives for toothpaste. These adjectives are strong adjectives. Supreme is a strong message which places this powerful image in the consumer’s head. When all these words are combined. the purchaser gets a sense that this toothpaste is traveling to work and be powerful at what it does. When this phrase is attached to the adult female with gleaming dentitions it merely drives the point in the consumer’s head. The 2nd phrase in the in-between reads â€Å"9 out of 10 tooth doctors can’t be incorrect! † This phrase has many rhetorical false beliefs contained within it. The first portion. â€Å"9 out of 10†¦Ã¢â‚¬  . is identifiable as bandwagoning. A bulk of tooth doctors. non merely mean people. are back uping this toothpaste and stating it works. so why should you non utilize this merchandise? It is utilizing peer force per unit area to act upon your determination to purchase the merchandise. Not merely are a bulk of tooth doctors back uping this toothpaste. but tooth doctors are back uping this merchandise. Consumers come to the tabular array cognizing tooth doctors have a higher cognition of what is good and unsuitable for dental hygiene. Though tooth doctors have high authorization over the dental hygiene country. false authorization does non fall into this ad because tooth doctors are to the full qualified to offer the averment. but utilizing authorization alternati vely of grounds can be said to be a rhetorical scheme in the advertizement. The tooth doctors could hold supported this toothpaste. but beside tooth doctors back uping the toothpaste there is nil factual on the box to back up why it is better than any other toothpaste. Besides. â€Å"9 out of 10†¦Ã¢â‚¬  is misdirecting. Most consumers do non take into history the downside of this per centum. When the per centum of blessing is high there are two issues to analyze. The first being the polling of tooth doctors was low. so the blessing rate was high. The 2nd is if the polling was diverse and big. so there are a big part of tooth doctors who are non in support of this toothpaste. Which brings up why they did non back up the toothpaste. If 10 thousand tooth doctors were polled and merely nine of 10s supported the toothpaste. so one 1000 tooth doctors disagreed with the toothpaste. Within the 2nd phrase. there is a strong emotion brought by the terminal portion of the phrase. â€Å"†¦dentists can’t be incorrect! † shows a strong sense of bigotry. The phrase is closing the statement down right at that place. The advertizement is stating professionals are back uping this merchandise. so that is that. The advertizement is packed full of rhetorical false beliefs. Bandwagoning. entreaty to emotion. utilizing authorization alternatively of grounds. and bigotry are found throughout the ad. These rhetorical schemes are highly effectual to the unsuspicious consumer. An ordinary image and phrase can do the subconscious choice up on an essay full of informations. The ad is extremely effectual in act uponing the consumer into buying the toothpaste.

The soldier Essay Example For Students

The soldier Essay Travis was a quite a bit older than the other soldiers who enlisted for service during World War 11. He was in his early thirties, but most of the soldiers were in their late teens or early twenties. Travis had been working since he was a boy, so he felt that he knew something about how the world worked. He enlisted because he not only felt it was his duty to do so, but he also was looking for adventure. He was a tall, friendly man, with a booming voice and a good sense of humor. Soon, the younger soldiers were coming to him for advice or just to talk about how homesick they were. When his platoon needed a leader, Travis was chosen. We will write a custom essay on The soldier specifically for you for only $16.38 $13.9/page Order now It wasnt long before Traviss unit was shipped overseas. They eventually wound up on an island in the Pacific, far different from any place that the soldiers had ever seen. Snakes, monkeys, and bugs were everywhere, and the heat was almost unbearable. Many of the men quickly became sick, but their biggest problem was the enemy fire that constantly surround them. Travis had been looking for adventure, but he had to admit that this was not the kind of adventure he had hoped for. Still, he found himself doing things he never thought he would or could do : bandaging wounds, planning attack strategies, thinking up camouflage ideas, and even writing letters home for the wounded soldiers. He knew that the men in his platoon trusted him and relied on him, and he was determined not to let them down. Travis served nearly four years in the army, all during World War 11. When he finally returned home, he was welcomed with great excitement and joy by his family and friends. Travis was glad to be home, of course, but he knew he was not the same person who set out adventure years before. He had seen horrible sights and watched good men die. Still Travis was grateful for the friends he had made, the times he had been able to help his men, and the opportunity to defend his country. Travis had left home to see the world, but instead, his trip to the other side of the globe forced home to look inside himself and make new discoveries about his strength, character, and abilities.

Young Goodman Brown

Young Goodman Brown The key concept of this research paper is an in-depth analysis of the book â€Å"Young Goodman Brown† by Nathaniel Hawthorne. This bibliography analyses the works of Johnson Claudia, Hurley Paul, Korb Rena, Carlson Patricia, and Hostetler Norman. These articles review the book â€Å"Young Goodman Brown.†Advertising We will write a custom annotated bibliography sample on Young Goodman Brown specifically for you for only $16.05 $11/page Learn More Carlson, Patricia Ann. Setting and Fictional Dynamics. Hawthornes Functional Settings: A Study of Artistic Method. Editions Rodopi, 1977. 128-131. Rpt. in Short Story Criticism. Ed. Anna J. Sheets. Vol.29. Detroit: Gale Research, 1998. Literature Resource Center. Web. Carlson, Patricia Ann’s Setting and Fictional Dynamics† article discuses symbolic connotation of the village and forest settings which influences Goodman Brown’s view of good and evil. The author presents the scenic ele ments of the forest and the village without ambiguity. Carlson explains the innocence of village life. Also, she resonates on how an external influence can completely alter faith and perception. The article presents the climax of the plot in emotive context. The author resonates on the contradictory extremes of misguided attitude and false perception in the belief of ‘a blackness power.’ Besides, Carlson clarifies on Brand and Brown’s perception of super natural power. The conclusion of this article provides a summary of Brown’s frustration and eventual death. This article will add value to my research paper on the component of symbolism especially when discussing forest and the village. Besides, the author has simplified the understanding of factors which positively or negatively influence faith and perception. This article is developed from an array of deductive arguments from which Carlson creates her views. These arguments are relevant to my research t opic on the qualitative component. Conclusively, the article presents a strong climax on the plot of the story. Hostetler, Norman H. Narrative Structure and Theme in Young Goodman Brown. The Journal of Narrative Technique 12.3 (Fall 1982): 221-228. Rpt. in Short Story Criticism. Ed. Anna J. Sheets. Vol. 29.Detroit: Gale Research, 1998. Literature Resource Center. Web. In the article, ‘Narrative Structure and Theme in ‘Young Goodman Brown,’ by Hostetler Norman, the theme is conflict analysis between the narrator and title character. Besides, the article examines conscious awareness, Irony, imaginations, and the ideal epistemology in decision making. The author concurs that acceptance of universal experiment depends on perceptions and ability to create positive imagination.Advertising Looking for annotated bibliography on american literature? Let's see if we can help you! Get your first paper with 15% OFF Learn More Hostetler examines the psy chological influence on judgment and conflict interpretation. Interestingly, conflict is the basis of confusion if unattended. The author identifies imaginations and awareness as themes. Hostetler presents well researched arguments. His proactive analysis of conflict is relevant to my research topic. The author proves that imaginations can be self-destructing especially when not balanced with reasoning. The conclusion of the article is drawn from a range of dependent and independent premises. These premises are relevant to the topic of my research. Hurley J. Paul. â€Å"Young Goodman Brown’s ‘Heart of Darkness.’† American Literature. Southern Illinois University: Illinois, 2003. EBSCO Publishing. Web. Hurley J. Paul’s article, ‘Young Goodman Brown’s Heart of Darkness,’ examines the controversies on ‘Young Goodman Brown.’ The article explores on the various views of sin, thus, evil. The author explains Arguments of di fferent critics and confesses of a diabolical inspiration. Besides, Hurley justifies limits of fiction in arguments and hallucinations. In conclusion, the author opines that self justification and ego-induced fantasy is a disease of the mind. This article presents strong arguments on the negative impacts of self-justification. Hurley suggests that imperative and factious arguments only results in confusion. Subsequently, confusion facilitates ego-induced fantasy. In the end, an individual becomes the victim of his/her beliefs. In my research paper, this article will be the basis of thesis statement. Since the article consists of well researched sources from which the author builds discrete arguments, I will adopt it. This approach is easily testable for fallacies and restrictive notions. Besides, the article incorporates views that are relevant to the research topic. Johnson, Claudia G. Young Goodman Brown and Puritan Justification. Studies in Short Fiction 11.2 (Spring 1974): 200-2 03. Rpt. in Short Story Criticism. Ed. Anna J. Sheets. Vol. 29. Detroit: Gale Research, 1998. Literature Resource Center. Web.Advertising We will write a custom annotated bibliography sample on Young Goodman Brown specifically for you for only $16.05 $11/page Learn More This essay by Johnson, Claudia G. examines ‘Young Goodman Brown’ in the aspect of justification of Puritan doctrine stating that God can open man’s heart to let him know himself better. The author explores views of Puritan theorists concerning sin and descent. Johnson reviews Goodman Brown‘s descent and visions. Interestingly, the author concludes that Good Brown’s visions and views on Puritanism is regenerative, negative, and of unjustified fake descent. The author deliberates on separating and defining reality and dream. Though Newton Arvin views Goodman’s vision as true, Johnson seems to think otherwise. According to the doctrines of the puritans, G od gave man another chance after breaking the first Covenant. Despite the hard labor and sweat, the covenant of hope and faith swells above man’s inequities. However, the author asserts that Goodman’s vision misinterpreted justification to favor many of the misled followers who are not keen on self-scrutiny. Johnson’s views are practical as far as personal beliefs are concern. The essay concentrates on establishing the reality as part of self examination. In the research topic, the concept of self discovery is essential in predicting and interpreting behavior of an individual or a group. Thus, this resource will form part of the literature review. The author has applied qualitative research when analyzing arguments and refers to different schools of thought before a conclusion. Korb, Rena. An overview of Young Goodman Brown,. Short Stories for Students. Detroit: Gale, 2002.Literature Resource Center. Web. Korb Rena’s article, ‘An overview of Young G oodman Brown,’ examines various themes in â€Å"Young Goodman Brown,† such as Puritanism, ambiguity, good and evil, and allegorical structure tales. Narrated in prose form, the author presents an accurate picture of the Puritan society. Besides, the article explores on the interesting traits of the main characters. Korb’s writing assumes a universal allegory as part of the analysis. The author explores the rich culture, essence of faith, and beliefs in godliness. This article is clear on plot and characterization. Korb acknowledge existence of loneliness and sadness in a dungeon of the heart suffering spiritual isolation.Advertising Looking for annotated bibliography on american literature? Let's see if we can help you! Get your first paper with 15% OFF Learn More This source is a summary of Hawthorne’s book. Thus, the article is relevant to my topic of research. It expounds on characterization of the cast accompanied by a simple plot. Korb’s informed conclusion facilitates understanding of the book. Besides, this article presents a quantitative analysis of Hawthorne’s book.

The last lecture Essay Example | Topics and Well Written Essays - 500 words

The last lecture - Essay Example Randy Pausch was a professor of computer science at Carnegie Mellon University (CMU) in Pittsburgh, Pennsylvania. His speech that he made on September 18, 2007 ‘’ The Last Lecture’’ received worldwide fame and is till now inspiring people to achieve their childhood dreams, to manage their time well and much more. Pausch was diagnosed with cancer in August 2006, he was told that although he has the option of chemotherapy on regular basis but he still has only 3 – 6 months of good health. Pausch seems to be a very optimistic person. Instead of focusing on his terminal illness and getting depressed about it all the time, he decided to contribute back to his college in particular and the community in general. In his talk on Time Management, first he talked about clarifying the goals and objectives of our tasks , dealing with difficult projects that are more time consuming and ugly looking. Pausch talked about using technology in more efficient way so as to save our time, for example, in his talk he discussed about speaker phones that could be of great advantage if we use it for time saving purposes. Setting up proper plans and goals to achieve ones task can help in proper time management. As he says ‘’ failing to plan, is planning to fail’’. One way to do this is to make a to- do list, that will help in keeping a track on where you are and what you are going to do in next few days, months and years. Avoid procrastination; do not do things at the last minute.if u r youngest u will be pampared in first half of ur childhood and in second half u wil be scolded for being spoild child...in ur early teens u have to prove that u r respectful to ur siblings and their in-laws...and in ur adulthood u have to serve them and their kids.....in betwen all this ur designation is no more then a "Chottha" who works as waiter in a hotel or an

Effect of foreign direct investment in the banking sector on the Research Proposal

Effect of foreign direct investment in the banking sector on the Libyan banking industry - Research Proposal Example n investor can â€Å"alter the way of doing business† for the new company including change of name, nature of doing business or the products on offer (Froot26-27). According to Barclay, firms mostly multinationals engage in Foreign Direct Investment with the aim of â€Å"increasing profitability and also increasing its global presence† (101). It is also aimed at minimising risk that is inherent in international business operations. A firm that engages in FDI stands a better chance of surviving in turbulent economic times if it operates in more than one market. A firm may also engage in FDI to â€Å"check the expansion of a local competitor into a new market† (Barclay 77). The aim is to prevent the local competitor from gaining a foothold in a foreign market and then using its newly acquired status and resources to destabilize the local market. Martinez says that Libya is a country in the African continent with a â€Å"fairly complicated history† (81). It has evolved from decades of misrule, revolutions among other national evils. It has for a long time been accused of sponsoring terrorist activities, and was listed among the axis of evil by the American government. Libya was put under the microscope by the United Nations after it was accused of sheltering the suspects accused of the Lockerbie bombing. Consequently it was put under UN sanctions and this severely affected its economy. Today Libya is one of the â€Å"emerging economic giants in Africa courtesy of its abundant oil resources† (Ham 35). It has also normalised its relations with the west and the UN lifted its economic sanctions after the Arab state complied with the set demands. Libya has a population of around 6 million people and a GDP of $21 billion. It has carried out extensive private and public sector reforms to encourage foreign investors so as to spur the local economy. â€Å"The banking industry in Libya is fairly complicated† (Collard 71-72). Due to the embargo that was put by the UN and other

The Warehouse Receipts Law Essay Example for Free

The Warehouse Receipts Law Essay The rate of storage charges, (f) A description of the goods or of the packages containing them, (g) The signature of the warehouseman which may be made by his authorized agent, (h) If the receipt is issued for goods of which the warehouseman is owner, either solely or jointly or in common with others, the fact of such ownership, and (i) A statement of the amount of advances made and of liabilities incurred for which the warehouseman claims a lien. If the precise amount of such advances made or of such liabilities incurred is, at the time of the issue of, unknown to the warehouseman or to his agent who issues it, a statement  of the fact that advances have been made or liabilities incurred and the purpose thereof is sufficient. A warehouseman shall be liable to any person injured thereby for all damages caused by the omission from a negotiable receipt of any of the terms herein required. Sec. 3. Form of receipts. — What terms may be inserted. — A warehouseman may insert in a receipt issued by him any other terms and conditions provided that such terms and conditions shall not: (a) Be contrary to the provisions of this Act. In any wise impair his obligation to exercise that degree of care in the safe-keeping of the goods entrusted to him which is reasonably careful man would exercise in regard to similar goods of his own. Sec. 4. Definition of non-negotiable receipt. — A receipt in which it is stated that the goods received will be delivered to the depositor or to any other specified person, is a non-negotiable receipt. Sec. 5. Definition of negotiable receipt. — A receipt in which it is stated that the goods received will be delivered to the bearer or to the order of any person named in such receipt is a negotiable receipt. No provision shall be inserted in a negotiable receipt that it is non-negotiable. Such provision, if inserted shall be void. Sec. 6. Duplicate receipts must be so marked. — When more than one negotiable receipt is issued for the same goods, the word duplicate shall be plainly placed upon the face of every such receipt, except the first one issued. A warehouseman shall be liable for all damages caused by his failure so to do to any one who purchased the subsequent receipt for value supposing it to be an original, even though the purchase be after the delivery of the goods by the warehouseman to the holder of the original

Technology Available :: essays papers

Technology Available Given that the Fine Arts contain expression such as sculpting, painting, drawing, dance, theater, music, etc, there are countless opportunities for advancement within the curriculum. Having such a broad range of options enables different types of technological support to be introduced to both teachers and students. Theater students use technology constantly, whether it's accessing the computer catalog to find plays for study or on the Internet for reviews or to study about a particular playwright. Technology is a central part of technical theater as well. The lights used to illuminate the stage are computer driven and must be programmed correctly (Marshall, 1998). Visual arts students study laser discs, which are used in teaching and learning art history. They also use the CD-ROM drives in Macintosh-based computers to study color mixing, art forms, current trends in visual arts and art history (Marshall, 1998). There is a computer graphics lab at their disposal, which is used to teach animation and the creation of art. Images downloaded from the Internet are modified and adapted to create original works of art (Marshall, 1998). â€Å"The visual arts students are required to become handy with 35mm copy stand photography as they document everything they do for their portfolios. Working with computer animation and photography are important skills for visual artists in the field today† (Marshall, 1998). Music programs also include advancements, â€Å"for example†¦students learn about acoustics, lighting, seating arrangements, ergonomics, and personal programming in the context of how the built environment affects musical performance. The technology includes building models of spaces to incorporate specific acoustical properties and studying types and colors of lights† (Marshall, 1998). Those are just a few ways in which all Fine Arts categories use technology to improve their class content. The world will keep advancing; it’s up to the educators to take advantage of such learning enhancers. What Practices are Guiding Students in the Fine Arts Today Several educators express a need for a more vigorous and expanded arts curriculum. In schools today, the Fine Arts programs seem to be the underdogs of education. In fact, the arts are an incredibly important and integral part of a students learning and development.

Financial Analysis of Lockheed Martin

A Financial Analysis of Lockheed Martin Corporation Colby Scott LeTourneau University A Financial Analysis of Lockheed Martin corporation The world of finance in today’s market is one of numerous ups and downs. With the global economy in constant flux, it is more important than every for companies to examine their financial status and compare their position to that of the relative market as well as their fellow competitors.In order to better understand the ways in which today’s managers examine their position on the market and evaluate their current value as a company we will examine the financial data of Lockheed Martin Corporation and perform a detailed financial analysis on the company. In this analysis we will examine financial rations of Lockheed Martin and in turn compare these rations to that of fellow market competitors.Upon completion of our financial analysis we will be able to understand the financial position of Lockheed Martin as well as the position of Loc kheed Martin in their respective market, and in turn we will be able to fully comprehend the methods and data used by companies in order to evaluate their company. Before going into an in depth analysis of our company, let us first examine the history behind Lockheed Martin. The Lockheed Martin Corporation traces its roots all the way back to the earliest days of flight. In 1909 aviation pioneer Glenn L.Martin organized a company around a small airplane construction business and transformed it into a major airframe supplier to U. S. military and commercial customers. In 1961 the Glenn L. Martin Company became the Martin Marietta Company after the completion of a merger with American-Marietta Corp. , a leading supplier of building and road construction materials. In 1982, Martin Marietta was subject to a hostile takeover bid by the Bendix Corporation which bought the majority of Martin Marietta shares and in effect owned the company.However, Martin Marietta's management used the shor t time separating ownership and control to sell non-core businesses and launch its own hostile takeover of Bendix (known as the Pac-Man defense). The end of this extraordinarily bitter battle saw Martin Marietta survive and forced Bendix to be sold off. In 1913, Allan and Malcolm Loughead (name later changed to Lockheed) flew the first Lockheed plane over San Francisco Bay. The brothers later established their own corporation known as the Alco Hydro-Aeroplane Company which was later renamed the Loughead Aircraft Manufacturing Company.In 1926, following the failure of Loughead, Allan Loughead formed the Lockheed Aircraft Company in Hollywood, California. In 1929, Lockheed sold out to Detroit Aircraft Corporation. The Great Depression ruined the aircraft market, and Detroit Aircraft went bankrupt. A group of investors headed by brothers Robert and Courtland Gross, bought the company out of receivership in 1932. The syndicate bought the company for a mere $40,000. Ironically, Allan Lou ghead himself had planned to bid for his own company, but had only raised $50,000 which he felt was too small a sum for a serious bid.The first successful aircraft built in any number by the Lockheed Corporation was named the Vega and was best known for its use in several first- and record setting flights by, among others, Amelia Earhart, Wiley Post and George Hubert Wilkins. In the 1930s, Lockheed spent $139,400 to develop the Model 10 Electra, a small twin-engine transport which sold 40 units in the first year of production. Amelia Earhart and her navigator, Fred Noonan, flew this plane on their failed attempt to circumnavigate the world in 1937.The Lockheed Model 12 Electra Junior and the Lockheed Model 14 Super Electra expanded their market. The Model 14 also formed the basis for the Hudson bomber, which was supplied to both the British Royal Air Force and the United States military before and during World War II. In 1995 the these two companies, Lockheed and Martin Marietta, jo ined together in a merger which created the modern Lockheed Martin corporation, and further expanded with the acquisition of Loral, a defense electronics and systems integration business, in 1996.Today, the Lockheed Martin Corporation is headquartered in Bethesda, Maryland and employs 126,000 people worldwide. The company is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems. Lockheed also serves both domestic and international customers with products and services that have defense, civil, and commercial applications, with their principal customers being agencies of the U. S. Government. In 2011, 84% of their $45. billion in net sales were made to the U. S. Government, either as a prime contractor or as a subcontractor. Lockheed’s U. S. Government sales were made to both Department of Defense (DoD) and non-DoD agencies. Sales to foreign governments (including foreign military sales funded, in whol e or in part, by the U. S. Government) amounted to 15% of net sales in 2011. The remainder of net sales was attributable to commercial and other customers. In 2011, net sales at Aeronautics of $13. 2 billion represented 29% of their total net sales.Aeronautics has three principal lines of business and the percentage that each contributed to its 2011 net sales was 68 percent combat aircraft, 20 percent air mobility, and 12 percent in other aeronautics programs. At December 31, 2011, we operated in 545 locations (including offices, manufacturing plants, warehouses, service centers, laboratories, and other facilities) throughout the United States and internationally. Of these, we owned 43 locations aggregating approximately 30 million square feet, and leased space at 502 locations aggregating approximately 26 million square feet.We also manage or occupy various government-owned facilities under leases and various other arrangements. The U. S. Government also furnishes equipment that we use in some of our businesses. We operate in four principal business segments: Aeronautics, Electronic Systems, IS, and Space Systems. Lockheed organizes their business segments based on the nature of the products and services offered. The following table presents net sales and operating profit of their four business segments.Net sales exclude intersegment revenue, as these activities are eliminated in consolidation. Intercompany transactions are generally negotiated and accounted for under terms and conditions similar to other government and commercial contracts. Operating profit of the business segments includes the equity earnings or losses from investees in which certain of their business segments hold equity interests, because the activities of the investees are closely aligned with the operations of those segments. In Millions |2011 |2010 |2009 | |Net Sales | | | | |Aeronautics |13,235 |12,201 |11,473 | |Electronic Systems |14,363 |13,532 |12,803 | |Information systems & Gl obal Solutions |9,959 |9,608 |9,069 | |Space Systems |8,246 |8,654 |8,027 | |Total 45,803 |43,995 |41,372 | | | | | | |Operation Profit | | | | |Aeronautics |1,502 |1,577 |1,433 | |Electronic Systems |1,712 |1,660 |1,583 | |Information systems & Global Solutions |890 |895 |919 | |Space Systems |972 |972 |953 | |Total Business Segments |5,076 |5,104 |4,888 | |VESP and other charges |220 |- | | |Other unallocated Corporate income net |759 |689 |161 | |Total |4,097 |4,415 |5,049 |Now that we have established the background of the Lockheed Martin Corporation, let us now analyze the ratios which provide us insight into the financial status of the corporation. The first ratio which we will look at is the current ration of Lockheed Martin. Using the current ration, we will be able to determine if Lockheed will be able to satisfy the amount of current liabilities based upon their current assets. When looking at the Lockheed’s balance sheet for 2011, we see that they have 11. 157 mil lion dollars in current liabilities and 12. 851 million dollars in current liabilities. In order to compute the current ratio of Lockheed we then take the current assets of 12. 51 million and divide this number by the current liabilities of 11. 157 million thus giving Lockheed a current ratio of 1. 15% for 2011. When looking at this ratio over a period of 2 years we began to see that the ratio calculated for 2011 has decreased . 01 percent from 2010. In examining this ratio, we are able to conclude that Lockheed has a fairly constant liquidity rate which could tell us that the company is relatively stable at this point in time. The second ratio which will help us in evaluating the financial status of Lockheed Martin Corporation is the inventory turnover ratio. This ration will allow us to examine how efficiently Lockheed manages its assets and uses those assets to create income.In order to calculate this ratio we must find the companies net sales and divide this figure by the invent ories that the company has on hand. After examining Lockheed’s financial statements, we find that they reported 45. 803 million dollars in net sales and 2. 378 million dollars in inventories for 2011. After plugging these figures into our equation, we find that Lockheed had an inventory turnover ratio of 19. 26. This tells us roughly that Lockheed’s inventory is sold out and restocked roughly 19. 26 times per year. When examined over a two year period, we find that the ratio of sales to inventories when compared to the 20. 15 ratio calculated in 2010, had only fallen by . 89.When compared to the rival Boeing Company, we find that Lockheed’s inventory turnover ration is considerably higher than the 1. 386 that Boeing reported over the same period. This could lead to the conclusion that Lockheed Martin is in considerably better position than the majority of the other companies with in the same market. The next ratio that we will examine is referred to as the debt ration. This ratio allows us to examine the percentage of funds provided by current liabilities and long term debt. In order to calculate this ratio, we will need to take the total liabilities and divide this figure by the total assets. When examining the financial documents provided by Lockheed, we find that Lockheed reported a total liability of 31. 59 million and a total asset of 35. 067. As we plug this data into our equation we find that Lockheed Martin has a debt ratio of 89. 43 percent for 2011. When interpreting this outcome we must remember to examine the data from two separate perspectives. From the perspective of a creditor, a high debt ratio allows for less cushion against losses in the event that liquidating occurs. This could discourage creditors from lending to the company due to the fact that it poses a greater risk to the creditor. On the other hand, stockholders generally like to see a higher debt ration due to the fact that it magnifies the amount of return that t hey receive.Therefore, it would be wise for a company to maintain a debt ration which is fairly close to 50 percent due to the fact that it allows creditors to feel comfortable while satisfying the desires of the stockholders. Another ratio which provides valuable insight into a company’s financial status is the Gross Profit Margin. When calculating this ratio we must first find the amount of sales, then subtract this number by the cost of goods sold and divide this number by the amount of sales during that period. As we examine the financial data using our Gross Profit Margin formula, we find that Lockheed had a gross profit margin of 10. 2 percent. This number tells us that Lockheed had a gross profit of 10. 2 percent per dollar of sales before any other expenses are deducted.When compared to rival aeronautical company Boeing, we find that Boeing had a gross profit margin that was 11. 9 percent higher than Lockheed. This suggests that Boeing is turning a higher profit margi n than Lockheed and thus does not need to sell as much product in order to generate the same amount of income as Lockheed. By having a lower profit margin than their competitor, Lockheed must have a higher amount of sells in order to keep their place within the market. The final ratio which we will examine is the Price per Earnings ratio or the P/E Ratio. By looking at this ration we are able to identify how much investors are willing to pay per dollar of reported profit.Looking at Lockheed’s current price per share and earnings per share data we find that they are able to maintain a ratio of 28. 67. When viewing this data, we are able to conclude that Lockheed has a fairly strong growth prospect when other things are held constant. When we compare this number to the smaller rival Northrop Grumman and find that Lockheed has a P/E that is 19. 69 higher. When looking into the reasoning behind this difference, we can conclude that Northrop is regarded as being a much riskier com pany than Lockheed and thus could receive less support for creditors. This places Lockheed Martin at an advantageous position due to the fact that they are viewed as a more stable company.This allows them to control more of their respective market and in turn secures their market share for future years. Now that we have viewed the financial ratios of our company and have interpreted the data based upon Lockheed’s market and past financial data, let us now look at the Beta coefficient. When stockholders examine which companies they wish to invest in, they generally seek to invest in companies with the smallest amount of risk possible. In doing so, Stockholders greatly minimize the amount of risk that they themselves accrue and in turn provides confidence within the market. However, we must have a way in order to evaluate the relative risk of a particular companies stock and for that we use the Beta coefficient.In order to calculate the Beta coefficient we will need two sets of data, the closing price for the stock we are examining and the closing prices for the index we’re using. As we look at the Beta value of . 98 for Lockheed Martin and compare it industry rival Boeing’s 1. 31 and Northrop Grumman’s 1. 08 we find that Lockheed has a lower Beat value than both of its major competitors. This suggests that Lockheed is a less risky company to invest in and thus could create greater capitol available through the sale of stock for the company. In addition to drawing potential investors to the company, having a lower Beta value could cause creditors to be more willing to lend money to the company.This would allow a greater possibility for Lockheed’s future expansion in the industry and could serve to propel them to the top of the Aeronautic market. If this were to occur, I forecast that the dividend structure within the company would increase due to the increased amount of wealth that the company is generating yearly. By having mo re funds available for allocation to stockholders, the company would be more willing to pass this added revenue to the stockholders thus promoting more investors to purchase stock. Upon examining the numerous financial data available on Lockheed Martin we are able to determine that the financial status of the company is sound. Lockheed Martin maintains a current ratio of 1. 5 percent which tells us that the company is able to cover the cost of their current liabilities 1. 15 times using their current assets. This tells us that the company does not have any problematic debt at the current time and therefore generates a profit at the end of every operating period. The second indicator of Lockheed’s current and future success is their ability to turn over inventory. In our calculations we discovered that Lockheed had an inventory turn over ratio of 19. 26 percent which told us that they were able roughly able to sell all of their products and restock at least 19. 26 times per ye ar. When viewing this from a financial standpoint this figure is encouraging because it represents a steady profit within the company.The next ratio analysis performed, the debt ratio, informed us that the company had a debt ratio of 89. 43 percent. This high number could serve costly to the company if they ever need seek loans from creditors, but it does satisfy the shareholders by providing a higher amount of leverage. Another ratio that we analyzed for Lockheed Martin was the gross profit margin. After computing this ratio, we found that Lockheed had a gross profit margin of 10. 2 in 2011 which means than Lockheed earned retained 10. 2 percent of every dollar earned. The final ration analysis that we performed on Lockheed’s financial statements was a profit per earnings ratio.After performing this ratio, we found that Lockheed had a better profit per earnings than its rivals thus making it a more desirable company to invest in. This could attract future investors and in tu rn create more profit for the company. From this analysis, I have concluded that Lockheed Martin could not handle much more debt in the near future due to the fact that their debt ration is already considerably high. If the company were to take on much more debt, creditors would become unwilling to provide financial support for the company and the company could risk taking on more debt than their assets could cover. This would cause the overall value of the company to fall and cause the Beat coefficient to ri se to a much higher level.In order to further improve the company from the position that it is in, I believe that the company should take steps to lower the debt ratio. This would cause the creditors to be more willing to invest in the company as well as keep the stockholders satisfied with the amount of leverage the company has. Also, by lowering the debt ratio, the companies eat coefficient would fall even further making the desire to invest in the company even higher. If Loc kheed were to take this step, I believe that the companies stock would continue to rise and the company could in turn increase the amount of dividends that it provides. Bibliography 1. Free SEC Filings Email Alerts – SECFilings. com. (n. d. ). Free SEC Filings Email Alerts – SECFilings. com.Retrieved April 26, 2011, from http://secfilings. com/searchresultswide. aspx? TabIndex=2=7752072=convpdf=11373=%2fdefault. aspx%3fticker%3dLMT%26amp%3bformgroupid%3d1%26amp%3bauth%3d1 2. Free SEC Filings Email Alerts – SECFilings. com. (n. d. ). Free SEC Filings Email Alerts – SECFilings. com. Retrieved April 26, 2011, from http://secfilings. com/searchresultswide. aspx? TabIndex=2=7704986=convpdf=11757=%2fdefault. aspx%3fticker%3dBA%26amp%3bformgroupid%3d1%26amp%3bauth%3d1 3. Ehrhardt, M. C. , & Brigham, E. F. (2011). Corporate finance: a focus approach (4th ed. ). Mason, OH: South-Western Cengage Learning.

The Spanish Ballad, Or Romancero - 1346 Words

The spanish ballad, or romancero, is a form of poetry which, closely linked to the medieval epic, is passed down by word of mouth and open to interpretation by the performers and audience. The ballad â€Å"Romance de Moraima† (or yo me era mora Moraima) is a romancero fronterizo which is relatively brief, and follows the standard octosyllabic structure. The ballad contains the key feature of assonating units, yet does not strictly rhyme with one vowel, i.e. ‘a’ but varies between ‘a’, ‘o’, and a paragogic ‘e’. Moraima opens quite abruptly and dramatically, as is the fashion of the romancero. No time is spared in small details; instead the sensational tale begins immediately. Interestingly, the description is in the past- era- even though one would imagine that she is still the same person, which gives the impression that something drastic has changed. The first line lands with a punch. The bold statement of her name-  «yo me era mora Moraima « - identifies the protagonist and throws the listener in. The yo is emphatic, as is the last positioning of Moraima, and together they frame the line to deliver impact. There is strong alliteration and repetition of the ‘mo’ sound with Moraima, mora and morilla, all of which contribute to a compelling description, and draw attention to her islamic beliefs. The choice of the name Moraima, when juxtaposed with mora, emphasises her religious affiliation which would have been controversial at that time due to the Reconquista. This play o n

The components of Corporation Financing in the Economy - Free Essay Example

Sample details Pages: 9 Words: 2615 Downloads: 1 Date added: 2017/06/26 Category Business Essay Type Research paper Did you like this example? The major issue arising in the present times, for both management academics and practitioners, relates to the principles which determine corporate successes and failures that is why some organization prosper and grow while other collapse. The often unexpected collapse of large companies during the early 1990s and more recently in 2002 has lead analysts to look for ways of predicting company failure. Corporate failures are common in competitive business environment where market discipline ensures the survival of fittest. Don’t waste time! Our writers will create an original "The components of Corporation Financing in the Economy" essay for you Create order Moreover, mismanagement also leads to corporate failure. Predicting corporate failure is based on the premise that there are identifiable patterns or symptoms consistent for all failed firms. Definition According to Altman (1993), there is no unique definition of corporate failure. Corporate failure refers to companies ceasing operations following its inability to make profit or bring in enough revenue to cover its expenses. This can occur as a result of poor management skills, inability to compete or even insufficient marketing. COPORATE FAILURE The models to predict Corporate Failure: Several techniques have been developed to help predict why companies fail. However, these are not accurate and doo not guarantee that the prediction will turn out to be true. These models are The Z-Score, Argenti Model, and the VK model amongst others. Beaver was one of the first researchers to study the prediction of bankruptcy using financial statement data. The established practice for failure prediction is therefore a model based on financial ratio analysis. Published financial reports contain a great deal of information about the company performance and prospects. Therefore, ratio analysis is not preferred for financial accounts interpretation however; it has also played a central role in the development of bankruptcy prediction models. The Altman Model: Z-Score The Z-Score model is a quantitative model developed by Edward Altman, a financial economist and professor at the Leonard N.Stern School of business at New York University in 1968 to predict bankruptcy or fi nancial distress of a business. The Z-score is a multi variate formula that measures the financial health of a company and predicts the probability of bankruptcy within 2 years. This model involves the use of a specified set of financial ratios and a statistical method known as a Multiple Discriminant Analysis. (MDA). The real world application of the Altman score successfully predicted 72% of bankruptcies two years prior to their failure. The model of Altman is based on a linear analysis in which five measures are objectively weighted and summed to arrive at an overall score that then becomes the basis for classification of companies into one of the two a priori groupings that is bankrupt or non- bankrupt. These five indicators were then used to derive a Z-Score. These ratios can be obtained from corporations financial statements. COPORATE FAILURE The five Z-score constituent ratios are: 1. Working Capital/Total Assets (WC/TA):- a firm with negative working capital i s likely to experience problems meeting its short-term obligations. 2. Retained Earnings/Total Assets: Companies with this ratio high probably have a history of profitability and the ability to stand up to a bad year of losses. 3. Earnings Before Interest Tax/ Total Assets: An effective way of assessing a firms ability to profit from its assets before things like interest and tax are deducted. 4. Market Value of Equity/ Total Liabilities: A ratio that shows, if a firm were to become insolvent, how much the companys market value would decline before liabilities exceed assets. 5. Sales/Total Assets: A measure of how management handles competition and how efficiently the firm uses assets to generate sales. Based on the Multiple Discriminant Analysis, the general model can be described in the following form: Z=1.2WC/TA + 1.4 RE/TE + 33 EBIT/TA + 0.6 MVE/TL + 1.0 SL/TA Altman (1968) found that companies having a Z-Score greater than 2.99 clearly f ell into the non- bankrupt category, while companies having a Z-Score below 1.81 were all bankrupt. The area between 1.81 and 2.99 was defined as the zone of ignorance because of the susceptibility to inaccurate classification. Z-Score Probability of Failure Less than 1.8 very High Greater that 1.81 but less than 2.99 Not Sure Greater than 3.0 Unlikely Calculation of the Z-Score for a fictitious company where the different values are given to calculate the Z-Score. Sales 25,678 Total Assets 49,579 Total liabilities 5,044 Retained earnings 177 Working Capital -1,777 Earnings before interest and tax 2,605 Market value of Equity 10,098 Book value of Total Liabilities A Type 1 failure characterises the failure of newly formed and therefore mainly small companies. Whereas, Type 2 is characterised by the presence of a very ambitious, charismatic and active manager with an outstanding personality. Due to his over ambition the company is brought down. These failure types can occur to young organisations, but they usually survive longer than Type1 companies. Type 3 failures only occur to mature companies that have been operating successful over a fair number of years and that often are of a major social and economic importance to the community. The largest characteristic of Type 3 companies is its insensitivity towards changes in the environment, whereas the world around it is changing with its environment. Symptoms of corporate failure There are three classic symptoms of corporate failure. These are namely: 1. Low profitability 2. High gearing 3. Low liquidity Each of these three symptoms may be indicated by trends in the companys accounts. Symptoms are interrelated. The classic path to corporate failure starts with the company experiencing low profitability. This may be indicated by trends in the ratios for: ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Profit margin ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Return on Capital Expenditure ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Return on Net Assets A downward trend in profitability will raise the issue of whether and for how long the company can tolerate a return on capital that is below its cost of capital. If profitability problems become preoccupying, the failing of the company may seek additional funds and working capital by increasing its borrowings, whether in the form of short term or long-term debt. This increases the companys gearing, since the higher the proportion of borrowed funds, the higher the gearing within the capital structure. The increased debt burden may then aggravate the situation, particularly if the causes of the decreasing profitability have not been resolved. The worsening profit situation must be used to finance an increased burden of interest and capital repayments. In the case of a publicly quoted company, this means that fewer and fewer funds will be available to finance dividend payments. It may become impossible to obtain external credit or to raise further equity funds. Confidence in the company as an investment may wither away leaving the share price to collapse. If the company is sound, for instance, but ineptly managed, the best that can be hoped for is a takeover bid for what may be now a significantly undervalued investment. At this point, a company may not be really failing but unfortunately, more often rescue attempts are not mounted. This may be because the companys management does not recognize the seriousness of the situation, or is by now too heavily committed or too frightened to admit the truth to its stakeholders, when refinancing is attempted profits fail to cover payments leading to a cash flow crisis. CAUSES OF CORPORATE FAILURE AND THEIR EXAMPLES: Technological causes Traditional methods of doing work have been turned upside down by the development of new technology. If within an industry, there is failure to exploit information technology and new production technology, the firms can face serious problems and ultimately fail. By using new technology, cost of production can be reduced and if an organization continues to use the old technology and its competitors start using the new technology; this can be detrimental to that organization. Due to high cost of production, it will have to sell its products at higher prices than its competitors and this will consequently reduced its sales and the organization can serious problems This situation was seen in the case of Mittal Steel Company taking over Arcelor Steel Company. Arcelor Steel Company was using its old technology to make steel while Mittal Steel Company was using the new technology and as a result, Mittal Steel Company was able to sell steel at lower price than Arcelor Steel Company d ue to its low cost of production. Arcelor Steel Company was approaching corporate failure and luckily, Mittal Steel Company merged with Arcelor Steel Company and became ArcelorMittal Steel Company, thus preventing Arcelor from failure. Working capital problems Organizations also face liquidity problems when they are in financial distress. Poor liquidity becomes apparent through the changes in the working capital of the organization as they have insufficient funds to manage their daily expenses. Businesses, which rely only on one large customer or a few major customers, can face severe problems and this can be detrimental to the businesses. Losing such a customer can cause big problems and have negative impact on the cash flows of the businesses Economic distress 7 COPORATE FAILURE A turndown in an economy can lead to corporate failures across a number of businesses. The level of activity will be reduced, thus affecting negatively the performance of firms in several industries. This cannot be avoided by businesses. The recent economic crisis in the USA led to many cases of corporate failures. One of them is the insurance AIG insurance company. It is facing serious problems and it might close its door in the near future. COPORATE FAILURE MISMANAGEMENT Inadequate internal management control or lack of managerial skills and experience is the cause of the majority of company failures. Some managers may lack strategic capability i.e. to recognize strengths, weaknesses, opportunities and threats of a given business environment. These managers tend to take poor decisions, which may have bad consequences afterwards. Furthermore, managers of different department may not have the ability to work closely together. There are dispersed department objectives, each department will work for their own benefits not towards the goal of the company. This will bring failure in the company. One example can be WorldCom, where the finance and legal functions were scattered over several states and communication between these departments were poor. OVER-EXPANSION AND DIVERSIFICATION Research has shown that dominant CEO is driven by the ultimate need to succeed for their own personal benefits. They neglect the objective set for the company and work for their self- interest. They want to achieve rapid growth of the company to increase their status and pay level. They may do so by acquisition and expansion. The situation of over expansion may arise to the point that little focus is given to the core business and this can be harmful as the business may become fragment and unfocused. In addition, the companies may not understand the new business field. Enron and WorldCom can be an example for this situation where the managers did not understand how growing overcapacity would influence its investment and therefore did not comprehend the risks associated with it. FRAUD BY MANAGEMENT Management fraud is another factor responsible for corporate collapse. Ambitious managers may be influenced by personal greed. They manipulate financial statements and accounting reports. Managers are only interested in their pay checks and would make large increase in executive pay despite the fact that the company is facing poor financial situation. Dishonest managers will attempt to tamper and falsify business records in order to fool shareholders about the true financial situation of the company. These fraudulent acts or misconduct could indicate a serious lack of control. These frauds can lead to serious consequences: loss of revenue, damage to credibility of the company, increased in operating expenses and decrease in operational efficiency. POORLY STRUCTURED BOARD Board of Directors is handpicked by CEO to be docile and they are encouraged by executive pay and generous benefits. These directors often lack the necessary competence and may not control business matters properly. These directors are often intimated by dominant CEO and do not have any say in decision making. Example Enron and WorldCom where poorly structured board was a contributor towards their failure Financial distress Firms that become financially distressed are found to be under- performing relative to the other companies in their industry. Corporate failure is a process rooted in the management defects, resulting in poor decisions, leading to financial deterioration and finally corporate collapse. Financial distresses include the following reasons also low and declining profitability, investment Appraisal, Research and Development and technical insolvency amongst others. A firm may fail, as its returns are negative or low. A firm that consistently reports operating losses probably experiences a decline in market value. If the firm fails to earn a return greater than its cost of capital, it can be viewed as having failed. Falling profits have an obvious link with both financial and bankruptcy as the firm finds it is not generating enough money to meet its obligations as they fall due. Political and legal causes also can affect organisations. New legislation for example on product safety s tandards or pollution controls, can affect a companys main products. The imposition of a complete ban on an organisations product might be damaging and lead the firm to loses. The Tobacco industries are at present faced with the prospect of a ban on advertising for their product. Another cause that will lead the company to fail is the investment appraisal. Many organizations run into difficulties as they fail to appraise investment projects carefully. The long- term nature of many projects means that outcomes are difficult to forecast and probabilities are usually subjective. Big project gone wrong is a common cause of decline. For example the acquisition of a loser company. This has happen in the case for the failure of Parmalat Co Ltd of Italy, which made the acquisition of several losses making company. Inappropriate evaluation of the acquired company, its strengths and weaknesses. COPORATE FAILURE Preventing corporate failures It is a fact that some companies perform well and that some underperform and some fails. In many, if not most cases, these companies are led by executives that are quite experienced. Below are some recommendations that can help to reduce the risk of failures of organisations: Appointment of non-executive directors The non-executive directors will bring their special expertise and knowledge on strategies, innovative ideas and business planning of the organization. They will monitor the work of the executive management and will help to resolve situations where conflict of interest arises. Overall, the non-executive directors will act as a Cross Check. Audit committees Very often, there is occurrence of fraud in management and financial reporting. The presence of the audit committees will help to resolve this problem. Audit committees have the potential to reduce the occurrence of fraud by creating an environment where there is both discipline and control. Code of ethics Corporate governance is based on enterprise and integrity. Directors of companies need to do their jobs with good faith and in the interest of the company. There must be a relationship of honesty, openness and fairness between the stakeholders. Development of environment learning mechanism Some organizations fail because they lose touch with their environment. Therefore, to counter this problem, there is a need to develop the environmental learning mechanism. Through it, new information can be brought on continuous basis. This is mainly done by carrying customer- feedback surveys. In this way, the organisation can realign itself with the new needs and challenges. Focus on research and development Organizations can generate new knowledge by investing and focusing more on research and development. Thus, there will be more ideas how to make the products much better than that of their competitors. Conclusion It can be deducted that a director has a big responsibility that he has to assume The recommendations mentioned above can help directors to reduce corporate failure, provided that the directors abide. Proper planning also is critical to the success of a business.

Fitting And Installing External Bifolding Doors - 1448 Words

Fitting and Installing External Bifolding Doors External bifolding doors are perhaps the best and most affordable solutions when you are looking to bring a little extra light and warmth into your home. More often than not, the space in which you ll be installing these doors will also already be an existing aperture, so it s not like you ll need to get the sledgehammer out and take down the kitchen or living room wall! If you re reading this then that s something you probably already understand, as you re presumably considering installing a set of bifolding doors yourself. These doors will most likely either be installed leading out into your garden or patio from a kitchen, lounge or dining room area, so please take into account that, whilst you re working, this area will be exposed to the elements. As such, this is a job you re going to want to get done in as expeditious a manner as humanely possible, so whilst you obviously feel you have the DIY skills to do the job, you might want to ask for some help from a friend or family me mber to get the job done in a single day or, at the very least, weekend. Please note that the following guide relates specifically to exterior bi-fold doors. Whilst many of the steps involved with installing interior bi-fold doors will be similar, or even identical in some cases, there are also some serious differences, some of which will be less obvious than others. How To Fit External Bifold Doors Before you begin, check that you don t

Plunkitt of Tammany Hall Free Essays

Summer School I can blame no one but myself for my need to attend summer school for this year. However: I would like to blame it on my Spanish teacher, my mother, my siblings, my dog ate the homework, anyone but Christopher L. Martin. We will write a custom essay sample on Plunkitt of Tammany Hall or any similar topic only for you Order Now Summer school was not in my game plan the first day of school last year. I entered my school, Lake Catholic HAS, with the calm surety and purpose of a bona-fide tenth grader, Vie been here before. My anxiety level was low but my expectations for the future year were high. There are times when I think that I remain overwhelmed in some way by the enormity of the campus; the numerous classrooms, by the tough rules that are actually enforced. Transitioning from a small Catholic parish school boasting an 8th grade graduating class of 34 students to a large campus of hundreds of students present a challenge to â€Å"fit-in† that I had never experienced. I began the August, 2011 school year anticipating the spectacular athletic and academically successful year ahead of me. I ever thought that such a hopeful day would end in humiliation a years end. You might ask what caused this major shift in my universe. I failed both semesters of Spanish II and had to retake the entire year during summer school at SST. Robert Williams in Euclid, OH. I will be honest and admit that prior to formulating thoughts to Jot down in preparation of writing this personal essay; I thought the most devastating result of having to attend summer school was that I was automatically ineligible to participate in football. I was not allowed to attend practice or to Join the am for the annual trip to the Edinburgh campus where players honed their skills and bonded as men. I now realize and accept the fact that my behavior placed a heavy financial burden on my families finances. Summer school is not cheap! . The cost of attending summer school hit our budget so hard that my 2011-2012 grades were not paid for until it was too late to pick up the summer reading assignments. I am therefore very grateful to have the option of writing this personal essay. Paying for summer school had our family without food and water. Not only did my having to attend summer school overwhelm our family budget, the time factor ruined any chances I might have had for summer employment. I had to wake up every morning to go to school and remain in that hot stuffy building for four hours a day, 5 days a week for 4 weeks. It may be difficult to believe, but there were times when our instructor would keep us in class for an extra hour or two. The requirements were so intense that I spent most of the long hot summer nights and week-ends stuck in the house completing homework assignments. Unfortunate as it was, I feel this experience has opened my eyes to my need to take personal responsibility for myself in all areas of my live including school. Writing this essay also makes me realize the unconditional love and faith my mother has in me in spite of what I did or didn’t do. Hardship it placed on her as a divorced single parent and her ability to provide for me and my siblings. My athletic scholarship has been revoked because of this and still she works hard to keep me here so that I can get the best education available. She didn’t even include caring for herself into the equation because she was focused on supporting me and my siblings. Yea, she stayed on me to the point of angry outbursts; however, I realize the reason for her persistence at keeping me focused is based on her love for me and her hopes for me to enjoy a bright future. It is also noted in my mind, that accurate, timely completion of class assignments is a precursor to life as a college student and as a functioning, contributing member of society. I am considering this summer school experience from beginning to end as a â€Å"lesson learned. â€Å" How to cite Plunkitt of Tammany Hall, Papers

Ethical Business Practice- Walmart

Question: Discuss about the Report for Ethical Business Practice for Walmart. Answer: Introduction The assignment will focus on addressing ethical issues of Walmart. The purpose of this paper is to evaluate the sustainable practices of the company. It also discusses the ethical issues faced by the company. Carrolls four-part Corporate Social Responsibility has been used to assess Walmarts commitment to entire society. The paper has identified key stakeholders of the company according to their power; legitimacy and urgency. It is also important of Walmart to be ethical in communication and business practice. In this paper, some questions will be answered based on the case study of ethical business practice of Walmart. Analysis Walmart is one of the most powerful companies in the international market. The business practice of this company is often inspected carefully. By evaluating the sustainability activities regarding employees; society and environment, it can be said that whether Walmart is doing enough to become more sustainable is future. Walmart has been criticized over the years for the way it treats its employees. The company failed to offer health insurance to the most of its employees and to avoid health coverage it encouraged part-time workers. This has significant ripple effect on the economy, as a company like Walmart engages significant number of work-force. After the bad publicity of the company, Walmart improved the health benefits package and offered low deductibles. It also implemented generic prescription plan to save millions of dollars of the employees (Ferrell and Fraedrich 2015). Moreover, its low price strategy has reduced the wage of the workers and this has been highly criticised. This has led to high dissatisfaction of the workers. Hence, it can be said that Walmart is not practising enough to attain sustainability. Existence of Walmart has put other companies out of business. This is a social issue. The reduction is wage of Walmart has reduced the wage at other retail firms as well. However, Walmart works together with suppliers to reduce the cost of packaging and shipping to maintain low costs of products to the customers (Ji, Gunasekaran and Yang 2014). It has developed Sustainability Index in order to maintain the quality of the product and to have a sustainable supply chain. However, the critics argue that the sustainability goal of Walmart is actually shifting burden on the suppliers. Walmart is one the major violators of environment activities. In 2005, US Attorneys office of California has announced violation of safe environment practice by the company, in terms of recycling; treatment and hazardous material storage and transportation. In 2013, the company pled guilty due to dumping hazardous waste materials. Opening up of Walmart has caused urban extension, which means the acres of green space in the city consumed by Walmart store construction. Apart from these negative impacts on environment, this company has aims to offer renewable energy. It has installed 115 rooftops solar electricity in several countries. It also taken up many projects for its own renewable projects. By reducing the energy consumption and purchasing green power have facilitated the country to conserve energy. Walmart has replaced their old freezers and reduces emission of greenhouse gas by 20 million metric ton by 2015. It has also attempted to reduce the use of fossils fuel (Slattery 2015 ). By transporting many products in each time has resulted into fall in carbon emission. Walmart has been successful in converting million pounds of used cooking oil into biodiesel; soap etc. The recycling method of this company has reduced global plastic waste since 2007 and it has been able to keep waste out of landfills by a significant amount. Hence, it can be said that, Walmart is becoming environmentally sustainable over the years by practicing environment friendly business. 2. The worlds leading retail company Walmart has been criticized for low benefits and wages to its workers. Even if they promote hiring healthy and productive employees, it actually encourages part time workers in order to avoid health benefit package. When employees earn very little, the Federal government offers health benefits to those people. Therefore, burden of health care coverage has been shifted to federal government. Moreover, even if the company is expanding its stores a but has decreased workforce it used to engage. As a result of this, unemployment in the society has been taken place. Due to lack of workers, it is also hard to handle huge customers at the stores. This has led to customer dissatisfaction. Later the company has offered low deductibles to improve the health benefits. Moreover, it has always opposed formation of labour union (Boudway 2012). Whenever, any situation arises to form union, Walmart manages to by-pass it diplomatically. For example, when butchers of the company voted to join union, Walmart announced they would sell pre-cut meat to get rid of workers of the meat-cutting department. Moreover, the company prevented the workers to join union technically in China, where the working condition was very poor along with a very low wage. This is one of the unethical behaviours of the company. However, mounting pressure the company allowed union in its store (Li and Liu 2016). Some major unethical practices of the company have been alleged by the workers themselves. It has been complained by the employees that Walmart denied meal breaks or rest breaks. In fact, the managers of the company deliberately changed time cards to prevent the overtime. The company denied the allegation but pay $640 million for settle down 63 lawsuits. Walmart has been accused on ethical grounds for discriminating its employees. The company paid less to the female store managers than the males in the same job position. It is claimed that Walmart not only practices sex-discrimination in terms of wage, but also in terms of promotion; training and job assignment. Walmart claimed that promotion is made on individual basis and it took the case to the Supreme Court firms right is violated by local suit. Walmart has also faced various scandals. During 2005, the Vice Chairman Thomas Coughlin resigned as he was caught stealing $500000 from the company for irrelevant expenses and reimbursement. He also used gift cards that were unauthorised. In spite of getting millions of dollars of compensation from the company, he has misused Walmarts fund for paying his personal expenses. Again in 2012, bribery scandal was discovered in Mexico. In this scandal, the top executives of Walmart paid millions of dollars as bribe to the Mexican officials (Barstow 2012). It was paid in order to get approval of zoning permits and license to open stores in this country. The executives covered their tracks with the help of fraudulent methods of reporting. Around $24 million has been paid as bribes to get the required permits. While investigating, it has been found that when the Walmart was informed about the bribery evidence, the CEO Lee Scott and higher authority were reluctant to report this issue as, revel ation of bribery would create negative impact on the reputation of the company. Hence, Walmart has suffered from ethical leadership issues. Even if the stakeholders voted against reselection of Mike Duke; Lee Scott and Robert Walton, these members were reselected, which signalled lack of confidence in the ability of leadership to prevent misconduct of the stores (Ferrell and Fraedrich 2015). Therefore, it is required to ensure that Walmart is adheres to ethics and compliance. 3. Corporate Social Responsibility (CSR) refers to behaving as a socially responsible apart from just earning high profit. It addresses the social problem of all levels and focuses on ethical behaviour of the company. There must be some motivation within the business apart from making profit. Business does not exist because of making high profit, rather it has to meet some need that the society values for. CSR is both corporate and stakeholder responsibility. According to Carrolls four-part model of CSR, it involves four layers of business. This defines that the business should be profitable; law abiding; ethical and socially supportive (Carroll and Buchholtz 2014). This is also called pyramid of responsibilities. The pyramids must be seen as a whole and the four parts of it should not be separated. Making high profit by minimizing costs or maximizing sales and strategic choice are at the base of the pyramid, i.e. the economic responsibility. Better economic performance is required by t he society. The business or the company must obey the law as law reflects what is socially accepted and what is not. Hence, the second layer is the legal responsibility. Ethical responsibility is not required but it is expected by the society. The firm must avoid questionable business practices. By operating above minimum standard of law indicates ethical responsibilities. At the top of the pyramid, the philanthropic responsibilities stand. When a company improve the quality of life for the society then they aim for this responsibility. The companys contribution to the community and its engagement in volunteerism program is example of philanthropic responsibilities. The stakeholders are affected by the different responsibilities. The economics responsibility affects the employees and owners; legal responsibility affects the owners mainly, but also related to the workers and consumers. The ethical layer of responsibility has impact on all stakeholders but it mostly engages employees and consumers. The philanthropic responsibilities affect the community. It also influences the morale of employees by performing what is socially desirable and expected. The Walmart has put the small merchants out of the business. Due to the ability of charging low price for reasonable quality, it becomes harder for the local stores to compete with this international giant. The small firms are unable to reduce their cost of production, thus unable to earn profit by charging low price. Walmart is socially responsible for downward pressure of the wage in the towns where it opens store. This is because; to compete with low pricing of Walmart, the other firms reduce their cost of labours (Lichtenstein 2014). The predatory pricing of the company left no place for the competitors in the market. However, in the other way around, it can be said that low price of the products has helped to save millions of dollars of the consumers, who are unable to afford high priced goods. Walmart requires huge space for construction of its stores, as the superstores occupy 20 to 30 acres of land. It selects a busy and prime location to attract more customers of the city. This results into stressing the roads parking and the congestion on the road affecting the traffic flow. However, the Walmart started to open its smaller stores of 1500 square feet as in the places like New York city, it is hard to get such huge vacant land for its stores. The expansion of stores has caused stretching of urban area that implies less greenery in the region. Many cities were not eager to welcome Walmart, because of loss of green space and urban sprawl. Hence, the ethical responsibility of Walmart is questionable. In terms of environment, Walmart has fulfilled philanthropic responsibilities by reducing its energy consumption. Daylighting feature dim or switch off the lights when daylight increases and enters through skylights. This reduces the demand for electricity during the peak hours. In addition to this, Walmart controls heating and cooling to manage the energy consumption. Using LED lights; secondary loop refrigeration system in the stores helped the company to meet its goal of reduction in the greenhouse gas emission (Plambeck 2012). This indicated that Walmart is following its philanthropic responsibilities that are socially desirable and expected. Stores in Mexico and Northern Ireland are powered by wind energy. Walmart has also contributed to disaster management program; women empowerment. It has donated over 1.5 million dollars for aiding the victims of Hurricane Sandy. Moreover, it also granted $2 million for the associates damaged home and for creating toll-free number for the associates who needs help. It has also addressed obesity problem in America and lowered its price for fruits and vegetables to encourage healthy buying and reduced fats; sugar and salts in the foods. Therefore, it is reflected from the practice of Walmart that it meets responsibilities of all tyres that are expected and socially desirable. 4. According to Mitchell et al. the stakeholders are identified based on three variables; power; legitimacy and urgency. Power is the extent to which the party has the access of physical; material and social esteem to impose the will on the company (Ravi 2015). Legitimacy is the perception that the actions of a party are proper or appropriate within some social norms. Urgency is defined as degree to which a party claims for immediate action. It defines how important the claim of the stakeholders to the company. Based on these typologies the managers give priority to the stakeholders. Greatest priority will be given to the stakeholders with urgency; power and legitimacy. These variables are interrelated with each other and hence represented in the Venn Diagram. Source: Ravi 2015 The stakeholders of Walmart are the top managers; employees; customers and environment stakeholders etc. Customers are the only demanding stakeholders as it does not have any power or legitimacy. In the initial years of Walmart, the companys only focus was on providing high quality service to its customers (Lukic 2013). However, at present, the customer loyalty; interest of the customers has diminished that has affected the brand value. The major reason for this was its increasing bad reputation. Hence, even if they do to have any power, the customers are the major stakeholders of the company. this is because; without fulfilling the demand of these stakeholders the business cannot sustain for long. The lower price of the products is one of the major way to keep these group of stakeholders happy. The employers are considered to be definitive stakeholders. They have the power to influence the decision of the company. Employers also have legal support and their claim is also urgent. Many lawsuits have been filed against Walmart by the employees. Walmart has mistreated its employees of California by giving no proper break for meal and deliberately hide the record of overtime done by the workers. Hence, Walmart had to pay $640 million to settle 63 lawsuits (Hirsh and Cha 2015). In the class -action lawsuits of workers of San Francisco, it has been claimed that Walmart practices sex-discrimination. With many appeal and re-appeal in the court, it has been determined that there is nothing common in the women to classify for class-action status. The grievances against Walmart focused on the condition of working in the company. This has led to protests and picketing. Hence, employees are major stakeholders of Walmart whose interests have to be addressed by the firm. The environmental stakeholders are also dominant stakeholders. Such as government; policy makers or other social activists. The environment related activity of Walmart affects the society as a whole. Due to disposal of hazardous waste component, the had to pay charges in 2013. The company faces problem while expanding their stores as it has been destroying the greenery (Tate, Ellram and Glgeci 2013). Moreover, Walmart has faced many ethical issues, thus the shareholders demand that the leaders of the company should improve the transparency. Moreover, the top managers played vital role as stakeholders. In spite of shareholders vote against re-election of some former members, they were elected that indicates power of the higher authority. This has led to lack of confidence shown by the investors into this company, who are the major stakeholders with urgency to change the firms decision. 5. Ethical communication is one of the socially responsible practise of a company. Employees along with other stakeholders get to understand ethical practice of the firm if the communication is transparent and made clear to them. Walmart has lacked communication process with the employees that has caused loss of money to the company (Collins 2011). Walmart did not trained workers properly about disposing the harmful waste. Hence, incurred million dollars as compensation. Moreover, prior to the scandal in Mexico, research claimed that the CEO was informed about the bribery evidence, however, no report or files lodged against this incident (Barstow 2012). This lack transparency in communication. The bribery scandal and scam of 2005 sends negative signal to the customers as well as the stakeholders. By filing lawsuits against the workers and terminating relationship with the suppliers who are engaged in misconduct, Walmart communicate with the shareholders to get back their support and con fidence on the firm. Moreover, Walmart demanded that suppliers must not subcontract to any other firms, as this would make the supply chain more complex. Walmart auditing and approval mechanism is done by the third party. Suppliers pay for inspection process and this caused limitation in reaching information to the parent company, i.e. Walmart. The company hired staffs of warehouses by employing agencies or contractors. Many complaints raised against the company but it argued that the third party agencies are responsible for poor working condition. Walmart must ensure that the third party obeys proper labour law. Hence, it required proper communication. The factory audit has to be made public to be accountable truly. Walmart has released promotional campaign to control its damage. This way of communication would lead to improve the brand image of the company. the company emphasizes on providing healthier food alternatives and uses different advertisement to communicate with the people and shareholders. By developing relationships with influential people the company has practised ethical communication. Its sustainable environmental business practices conveyed the message of social responsibilities. It is recommended that company should develop good relationship with its stakeholders. By initiating goodwill with the customers and looking after the well-being of the workers would help the company to improve its ethical business practices. The internal control mechanism of Walmart must be improved in order to overcome the bad reputation from bribery scandals. It is important that the company should become more responsible to the community as a whole (Barnett 2016). Conclusion The main purpose of the assignment is to evaluate the ethical business practice of Walmart that also takes into account the corporate social responsibility. The research has used data and information from the given case study and assess the impact of Walmart on society. It has been found that the major issue of Walmart is being unethical to the employees. In addition to this, some unlawful practices like bribery and scam of top executives led to bad reputation. However, the company is achieving environmental sustainability over the years. The major limitation of this study is that, Walmart has its stores over many countries. Business practice is different in different region. This aspect is not addressed in this assignment. References Barnett, M.L., 2016. The Business Case for CSR: A Critique and an Indirect Path Forward. Business Society (forthcoming). Barstow, D. 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