Parliamentary Supremacy Essay

â€Å"In the absence of a written constitution, the UK Parliament is the sovereign law-making power, incapable of limiting its own power, or being limited by an external power.† In the absence of an unwritten, or rather, uncodified constitution, the doctrine of Parliamentary supremacy (also called â€Å"Parliamentary sovereignty†) emerges as a principle factor granting legitimacy to the exercise of government power within the UK. The doctrine of Parliamentary supremacy is a set of rules that determine how courts should approach Acts of Parliament. This includes rules pertaining to how courts should handle contradictory provisions, or Acts, as well as the status attached to an Act of Parliament. This doctrine recognises Parliament as the ultimately supreme, sovereign law-making body within the UK. The rules that construct the doctrine of Parliamentary Supremacy may be found in a number of sources; case law, constitutional conventions, statute law, and the writing of famous academics. The purpose of this essay is to analyse the extent to which the UK Parliament is â€Å"the sovereign law-making power, incapable of limiting its own power, or being limit ed by an external power.† Anytime the sovereignty of the UK Parliament is mentioned, Prof A.V. Dicey’s classic, three-point definition springs to mind. According to Dicey, a) Parliament has the right to make or unmake any law whatever, b) no Parliament can bind a future Parliament, and c) person or body has the right to override an Act of Parliament. The three points given above summarise the Doctrine of Parliamentary Supremacy (or Sovereignty). Dicey’s first and last points, pertaining to Parliament having the right to legislate on any matter and no person or body being able to override those laws, have been strongly confirmed by UK courts. Judges have repeatedly upheld the principles of Parliamentary sovereignty, in cases and quotes. Sir Ivor Jennings once stated â€Å"Parliament can legislate to ban smoking on the streets of Paris; Parliament can legally make a man into a woman.† In Madzimbamuto v Lardner-Burke (1969), Lord Reid stated â€Å"It is often said that it would be  unconstitutional for the UK parliament to do certain things†¦but that does not mean it is beyond the power of parliament to do such things.† Similarly, in ex parte Simms and O’Brien (1999), Lord Hoffman stated â€Å"Parliamentary sovereignty means Parliament can†¦legslate contrary to fundamental human rights.† In Brit Railways Boards v Pickin (1974) and Edinburgh and Dalkeith Rly Co v Wauchope (1842), the courts refused to challenge the validity of an Act of Parliament, regardless of procedural flaws. This gave rise to what is now the â€Å"Enrolled Bill Rule†- which is courts will not look beyond the â€Å"Parliamentary roll.† In Jackson v AG (2005), the validity of the Act of Parliamen t 1949 and subsequent Acts passed under that procedure, was questioned. The concept of Parliamentary supremacy was challenged in obiter statements of three judges; however, the Acts were ruled as valid and the sovereignty of Parliament was again confirmed by the courts. Dicey’s second point relates to Parliament being unable to bind its’ successors. The mechanism through which courts give effect to this point is known as the â€Å"doctrine of implied repeal.† This requires courts to enforce the latter, and impliedly repeal the former, when two Acts conflict with each other. This is exemplified in the Ellen Street Estates Ltd v Minister of Health (1934). Thoburn v Sunderland City Council (2002) examined the doctrine of implied repeal more closely and held there is a special class of statutes, called, â€Å"constitutional statutes†, that cannot be impliedly repealed. Rather, they can only be expressly repealed. These constitutional statutes are those defining fundamental rights, such as the Magna Carta and Bill of Rights 1689. The Act of Union 1706 Act intended to bind future UK Parliaments, but that eventually failed. In MacCormick v Lord Advocate (1953), it was argued the principle of Parliamentary sovereignty is not reco gnised in Scottish law. The â€Å"manner and form argument† declares that although there is no limit to the subject matter on which Parliament can legislate, and a Parliament cannot bind its successors, the manner and form in which it legislates may be limited. Special procedures for legislation may be set down by the courts. This was illustrated in Minister of the Interior v Harris (1952). The two factors that challenge the concept of Parliamentary sovereignty are  the ECA 1972 and the HRA 1998. EctJ judgements are binding on all UK courts, and according to S.2 of the ECA 1972, all Acts of Parliament are to be construed according to EU law. EctHR judgements are not strictly binding on the UK Supreme Court (formerly House of Lords), but the HRA 1998 calls for all legislation to be interpreted according to Convention rights. If an Act of Parliament is incompatible with the HRA, a â€Å"declaration of incompatibility† will be issued by the courts but the Act will remain in force until Parliament amends it. This â€Å"declaration of incompatibility,† in fact, enphasises the sovereignty of Parliament. In the Jackson case, Lord Hope states the supremacy of Community law limits the sovereignty of the UK Parliament. In summary, it appears the UK Parliament, to a large extent, is a â€Å"sovereign law-making power, incapable of limiting its own power,† as evidenced by many cases mentioned above. Parliament can legislate on any subject matter it chooses to, and no body has the authority t override an Act of Parliament. As illustrated by the Enrolled Bill Rule, even procedural flaws cannot invalidate an Act of Parliament. However, it is limited slightly by external powers, such as the ECA 1972, the HRA 1998, and special procedures may be laid down to make legislation difficult. However, the fact that Parliament, of its own free will, chose to pass the ECA and HRA indicates that these Acts do not limit its’ sovereignty. Parliament can, after all, legislate to undo the above-mentioned Acts and procedures if it chooses to. The phrase â€Å"what the queen enacts in Parliament is law† remains a fairly accurate embodiment of the doctrine of Parliamentary Sovereignty.

A dream is a wish your heart makes

You dream of all the wonderful possibilities of living. And you find solace in your reams. â€Å"I want to fly, I will study and become a pilot†¦ † â€Å"l want to make a difference in the world† etc. And as you are on your journey towards your dream you will come across people who will condemn you for the dreams you dream and for the thing you do. People are constantly looking for faults in other people so that they can feel better about themselves. Sometimes these people might be your closest friends your family etc. But you know what keep fighting to live your dream..And of course you will also come across people who will support you encourage you and inspire you to omelet your journey. Mostly in our Asian society if your dream or aspiration is not related to medicine engineering or law it is squished like a bug. Would know; I speak from experience. Some of us of course get lucky and can lay the foundations underneath their castles in the air. But most of us get stuck doing the things we hate because we are not allowed to dream of the things we love. And so we wait, we tell ourselves just one more year just few more days till we become our own people and can do what we like.We are always waiting for that one moment where we can metamorphosis from a trilateral and escape this cocoon and go on our adventures as beautiful butterfly. And if we believe in our wings we will surely fly. That's the trick believing in yourself. Life may look like you are at the edge off cliff about to fall but just stop an feel the water spraying on your face the wind in your hair and the thrill and excitement of it all and once you embrace yourself -? jump! And guess what you don't fall you fly because embracing yourself ad fighting for yourself is what made you this butterfly with these beautiful wings with which you fly.Take risks plunge into the unknown but always believe and never lose hope. Every life is important and every life is worth living. We all are li ke stars making up a the constellation of life and even without one star it loses its meaning. You may sometimes feel like you are less important the another person but remember you are you that is something no one can ever be. ‘Some people are like wildfire rushing and spontaneously changing everyone in their path but we are like the molten lava that flows below the earths surface changing the very foundations upon which we stand.

Health Economics Essay Example | Topics and Well Written Essays - 500 words - 1

Health Economics - Essay Example For instance, high level of technology, decrease in the cost of production, decrease in profit obtained from other goods, and an increased number of sellers in the market will shift the curve to the right side of equilibrium. All these factors will lead to a decrease in price of the drug in question since very little cost is used in production (Taylor & Weerapana, 2011). On the contrary, Mankiw (2011) argues that if the price of inputs increases, cost of production of other goods increases, level of technology diminishes, and the number of suppliers in the market reduces, then it is expected that price of the commodity increases. These factors will shift the supply curve on the left side of the equilibrium side as a result of negative change in the market prices. Additionally, increased prices of the drug will lower its demand since very few people will be able to purchase it. On the other hand, demand curve will be affected by a several factors. For example, increase in the expected value of the good, increase in the value of a substitute, decreased price of the complementary good, increase in the number of the potential consumers and increased earnings of the consumer will lead to increased demand. This will lead to the equilibrium shifting to the right. This will lead to increased value of the drug. Moreover, when there is a decrease in expected value of the commodity, increased value of the complementary commodity, a decrease in the price of the substitute; decreased number of potential consumers and decreased income of the consumer will lead to a downward change of the curve or the curve shifts to the left hence less demand. This decreases the price of the certain drug and supply will be down. Decrease in demand leads to flooding of a certain good in the market (Arnold, 2008). Several factors impact the degree of supply curve or demand curve shift (Graves & Sexton, 2006). First, monopoly or production

Essay about a visual art Example | Topics and Well Written Essays - 750 words

About a visual art - Essay Example The understanding of the painting is, therefore, universal (Fiero, p. 45). The painting was originally identified as the work of Lorenzo di Pierfrancesco in 1500s. It was however after a serious consideration of the characteristics of the paintings and related them to the paintings of the time, and historians have identified that the painting dates back to around 1485-87. The design of the paintings has, therefore, been associated with the work of Sandro Botticelli. The painting has a rich historical presentation that is stored in its design and style. It depicts the breezes and the winds that bring forth Venus, the goddess of love who rises from the sea to the mainland (Fiero, p. 45). The Platonic perception of Venus is seen in two aspects. First, she is an earthly goddess who caused the physical arousal to physical love and human affection. Secondly, she is also seen as the heavenly goddess who inspires and develops intellectual love inside the people who recognize her. According to the teachings of the Platonic Academy, the induced contemplation of physical beauty and love increases the chances that the person will understand spiritual beauty. This implies that Venus, being the goddess of love uses the physical attraction to lift the mind towards something greater. As such, the importance of this painting has currently been used by religion to depict that physical beauty and attraction should lift minds towards the creator ((Frank, pp. 85-90). The Birth of Venus depicts Venus, born from the sea and arising as a nude statue that is floating on a sea shell. From the West, Venus is blown by Zephyr, the West wind. The nymph, Chloris is at the shore prepared to dress Venus in a beautifully flowered mantel. The artist uses a fully committed naturalism style in which he has employed the use of space and representations of natural phenomena, sea, wind and flowers to increase the fantasy. The blowing of the winds that

Managing Financial Systems in the Hospitality Industry Essay

Managing Financial Systems in the Hospitality Industry - Essay Example This essay stresses that financial statement appraises the company’s owners of the financial standing of the firm. Based on this the organization takes decisions, which affect both the profitability and the risk of the firm’s operations. In the hospitality industry, management accounting system (MAS) gives an evaluation of the performance. Financial statements help to monitor business performance and analyze statement relevant to investment decisions. There is more emphasis now on risk assessment and non-financial performance measures. This paper makes a conclusion that Market analysis gives details of competition, and expected business based on macro and micro factors. It takes into account the country’s economy, the reasons for recessions and downslide and the resultant impact on the business proposed. The projections of sales and profitability can only be made once the revenue per customer is estimated. Market segmentation further helps to get a realistic picture. The value of the company is determined by the analysts and the capital market by discounting the present value of the future cash flows that will be generated by the company’s operations. The assets and liabilities also change in value over time. The revaluations are fixed with reference to either the stock market or the real estate market. In the case of the hospitality industry it is related to the real estate market. The financial analysts also deal separately with the assets and liabilities.

Logistics and supply chain mgnt Essay Example | Topics and Well Written Essays - 3000 words

Logistics and supply chain mgnt - Essay Example extraction of raw material to the sale of the finished product to the ultimate customer, whilst taking into account organizational, technological and human factors in a integrated supply chain. The customer most times keeps limited inventory of the products he/she uses, as many of these products are perishable and prefers to purchase them frequently as and when required. As most of their demands are due to requirement at their end, purchase decisions may be influenced by the availability of product in the racks and this were the supply chain management comes into the picture. So, the vitality of the supply chain management for the running of the organization cannot be whisked away. The potential of integrated supply chain is considerable. For example, a global study conducted by the supply chain council demonstrated the potential for cost reduction between 3 and 6 percent of turnover (supply chain council). From the earlier centuries itself, production of goods useful for the humans is an ongoing process and organizations are organized to continue the ongoing process into complete and successful process. And, for the process to be a complete and successful one, the important link in the chain of the organization, which ‘joined’ all the process, is Supply Chain Management. And there are reasons why its utility is of recent origin and why is it important to the 21st Century philosophy of Logistics. SCM (Supply Chain Management) is considered a recent concept because in 1982 only, Keith Oliver of the strategy-consulting firm, Booz Allen Hamilton, first coined it. Keith Oliver through the course of an argument with the manager named Mr. Van t’Hoff coined the word â€Å"supply chain management†. And while coauthoring an article for financial times, he introduced the term to the world. The term ‘supply chain management† (SCM) could have easily disappeared into the history of business jargon. Instead, SCM rapidly passed into the public domain — a sure

Writing a MEMO about Human Resource Development Articles Essay

Writing a MEMO about Human Resource Development Articles - Essay Example He offered to have HR involved to address the people side. He showed them how HR could weave relationship-based care and continuous improvement into the fabric of this community hospital in central New York, for example by hiring the right people and promoting the right people. Then he was at the table with them as they planned training and communication, and how to reward people who took on improvement projects. When I talk with leaders of process improvement activities about the role of HR in change, I generally hear that HR is administrative in its orientation, bureaucratic, and a brake on innovation. Others say that HR is under-utilized. In most organizations talent management is left up to direct supervisors. Dave Ulrich, a professor at the University of Michigan and recognized as the most influential person in Human Resources,  has identified three human resource processes that are critical for embedding a culture such as continuous improvement: (1) talent flow, (2) rewards, and (3) training and development. Each of these processes presents challenges to HR in leading change. Hiring and promoting people who embody an organization’s desired mindset and behaviors—and removing those who don’t—sends messages to those who are not hired, promoted, or removed. They see what is happening and adapt their behaviors accordingly. The problem for continuous improvement is that managers are notorious for hiring only subject matter experts in a particular discipline, not for behaviors, such as improvement. For example, Scott Beaird, director of Talent Management at Tufts Medical Center  told me, â€Å"We hire what the manager wants. We hire a financial analyst, who is great at working with dollars. We don’t typically challenge managers to look more broadly. We introduced HR business partners twelve months ago and asked them to get out and

Significant Advances in Nursing Science and Resarch Research Paper

Significant Advances in Nursing Science and Resarch - Research Paper Example Today, with the developments of technology among others, the field of nursing is increasingly being confronted to respond to the changing time by engaging in different aspects and field in order to effectively contribute to the entire health care system. Nursing research therefore, has developed deeper understanding into key areas such as the practice itself, education, informatics and on administration. Currently, lot of nursing researches center on how assessment of healthcare technologies should be done; examples would be providing a wider scope of clinical researches, service organization and nursing interventions. Despite the acknowledgement of nursing research in several aspects resulting to noteworthy improvements in their knowledge, still there is much work yet to be done, most especially in the area of research-based knowledge (Polit and Beck). Figure 1. A nurse and nursing research. (ill. by Nursing Jobs LLC, 2007 & Bernadette Lau, 2007) Importance of research science in nu rsing With the type of work nursing is involved, there is a rising need for nursing to embrace a practice that is evidence based or is referred to as evidence-based practice (EBP). ... be considered as best evidence are those that result from rigorous researches and studies; hence the compelling need for nurses and those in the nursing fled to continually engage in researches using effective and sound research methods (Polit and Beck). At the economic standpoint, the gripping needs to engage in continuous research and development in the area is also a reaction to the pressing need of making healthcare not only cost efficient and sustainable, but most importantly, it should be available to the broadest possible number of people. Healthcare is becoming more and more of a social concept nowadays as manifested in the health care planning schemes of many modern countries. The nursing profession, which constitutes a major bulk of the healthcare industry must see this relevance and should start restructuring how it caters to the consumers, to insurance agencies, to government agencies and other parties involved. The goal of continued research would undoubtedly identify an d eliminate any unnecessary practice that do not promote cost-efficient healthcare – in short, best evidence practices. For example, in Europe health care concerns centers on the ageing population, the need to have patients to be discharged earlier in hospitals, the commonness of chronic disease, and highlighting the rise of the need of informal health caregivers – these factors spelled the need for a multi-disciplinary nature of nursing. Since nurses remained to have a significant chunk of the group providing health care, they are largely accountable for quality care giving condition – however, it is admitted (in the case of Europe) that research culture in the area of both nursing and care giving. There are only a number of countries in Europe that have made efforts in enhancing

Life in the Trenches Essay Example for Free

Life in the Trenches Essay Today, we were once again heavily bombarding the German lines. It was a routine thing nowadays. Some of the more experienced soldiers didnt even notice the heavy German response bombardments that were every second posing a threat to their lives. As we heard a shell landing, we heard attentively just to make sure it wasnt coming direct on us and then, the colossal roar burst from the ground. Life here was getting rather monotonous, always the same routine, four days on the frontline then four days behind lines and then the same thing the following week or so. It wasnt what the papers said up in England, they were written to hide the truth of the massacring that occurred at the battle of the Sommes for one example. Hundreds and thousands of corps lay motionless on the ground. General Haig believed that with heavy bombardments we could break through their lines. He was mistaken. Men were crushed by the machine-gun fire as if dry leaves and they lay there, untouched, rotting away in the muddy earth which emitted an incredibly pungent smell. The mud made it almost impossible to live in these trenches. The water was right up to my knees and there was nothing I could do about it. A lot of my comrades managed to get trench foot which was a disease which made your feet rot due to the fact that they remained submerged for hours if not days. Life was incredibly tough in the trenches, nothing like I had imagined it to be. I thought Id come back as a war hero but from the English articles we read, it seemed to me as if none of our letters had been dispatched or if they had been intercepted in some way, to not allow our families know the real truth. They are made to believe that all is well and that the heroes that saved the French are close to victory. This was not true. Although General Haig did believe he made some progress today, it was nowhere near what we had hopes. The Germans knew about the attack and had built very effective means to defend themselves. They had built dig outs that were up to 12 metres deep underground. This was to protect from any sort of shell attack that the English and the French had. They also had very effective barbed wire that the English didnt completely manage to destroy before the 200,000 men were sent over the top on a suicide mission. The weather was also very unpredictable some days it would be boiling hot and we would die of thirst waiting for something remotely interesting to happen and other times, we would fear for our lives when we could hear a shell whistling like a train in a tunnel, at which point, we would sink our head right into the mud and not rise until we heard a relatively near explosion. The dig-outs were a good initiative seeing as it has always been a fact that the best way to absorb shell shock is with earth. We heard that some of the accommodations for officers were rather nice in the dig-outs. They were full complete with a bed, a pump, and sometimes even some different food that they manage to bring along with them and place it in the cupboards. Everyday, there was fear of the new methods that the Germans had developed of attacking us. There was late news that gas attack was in use. Now it was regulation that we had to carry a mask with us at all times otherwise we could be gassed with new inventions such as the mustard gas which apparently burned right through your skin and you suffered a horrible and painful death. We were all worried about this new gas. We didnt know what it actually smelt like. Apparently, it had a pungent smell hence the name, mustard gas but most of my fellow soldiers feel that they would fall into panic if a gas attack was to take place One of the very few things which I feel is very positive about the whole trench warfare is the comradeship. I had made some pals that would risk their lives if it would mean saving mine. I had never experienced such a feeling until I came to the trenches. It was truly unique. Knowing that you would have to live with these people twenty four hours a day, seven days a week was a way of knowing that somebody would always be there for you. You would seriously bond with someone and would do anything to accomplish the promise you made them. This was particularly moving when one of your closest comrades dies in action and you feel you should have died with him or for him. The danger in the trenches was as dangerous on the front line as to get there. We would be exposed to heavy artillery fire in these measly little trenches that compared to the front line looked as if they were built for dwarves. When our men died, we buried them behind the trenches. It was a petty funeral, no service no nothing, just whoever wanted to attend to dig up a ditch and place his friends in there to rest in piece. It was up to you if you wanted to help seeing as there was always the chance of a stray bullet or a sniper hitting you as you were working. Most were left to rot. After a while, the trenches, with the wet weather deteriorated. There was no more a 4 thick bullet-proof parapet to save your life; the walls of the trench had collapsed to make the trench into a mud bath with water which was to reach your knees. During the wet weather it was truly disgusting. Overall life in the trenches is pretty gross and unhygienic although, some officers did get treated rather well and the food that the English were given which was usually bully beef and jam was of a much higher quality than any other front line army. Diseases spread and people suffer of lack of sleep without forgetting the fact that everyone was homesick and wishing to see their families so basically, apart from making good friends and fighting for your country, the trenches must have been a rather appalling experience.

Each country Essay Example for Free

Each country Essay Each country is recognized by its currency for both domestic as well international business and money transactions. Both money market and foreign exchange market are interconnected and it is almost impossible isolate one from another. The point here is, how to define a money market? The answer is, when an article is sold or purchased with an exchange of â€Å"money† which is a financial paper representing a sum of money owing to one another by virtue of sale our purchase. Currency is cash, which is usually carried by people for various purposes. Currency is money and Government Treasury Bills are near-money. Money markets are completely controlled and monitored by central banks, commercial banks and financial institutions. Each bank or financial institutions is accountable to central bank in terms of maintaining liquidity, solvency and for distribution of money. Exchange of money has been in use for almost a century now for any commercial purpose of buying or selling indicating that a commercial transaction has taken place, either buying a home or stock market shares / Treasury Bills. Money in exchange has been a common practice for any commercial transaction. A similar procedure is applicable in foreign exchange market, that each time a transaction is recorded, foreign exchange is either sold or purchased. Like any other market, money market and the foreign exchange market record high and low of currencies exchange which depend upon whether one is selling or buying. Traders of foreign exchange market provide tw prices. The first being the willing price to buy foreign currency and second being the willing price to sell foreign currency. It is here that traders benefit in making profits in foreign exchange transactions. If a lender receives $108 at the end of an year, $100 being loan refund and $8 is interest per annum that is given to lender. Interest rates are either per annum or per month or per quarter which is called flat interest rate. For example if interest rate is 2 per cent per month, per annum interest is 24 per cent. (2 x 12) . Most of the financial instruments are traded on discounted basis which means, the borrower has to pay interest at the time of considering the loan i. e. If loan amount is $100 and interest per annum is $8, the borrower receives only $92. ($100 $8 = $92). If the principal along with interest is refunded at the end of an year, it is called as balloon payment. ($100 + $8 = $108) . Banks usually negotiate interest rates with clients while considering huge amounts as loans depending on the goodwill and repayment capacity of clients. Banks accepts deposits from clients on a certain surety of payment of interests either quarterly, monthly or per annum. Foreign currency market exists all over the world in each nation with the fact that, every country’s export or import business requires exchange of foreign currency for payment of foreign transactions or EXIM business. The flow of cash in various currencies i. e. either in US dollars, Euros, Yen or any other currency is important as it increases or decreases the cash balances. Cash flow always carry a significant direction, currency, date and location where the cash flow is given. Cash flows can be either inflow or outflow. Foreign exchange markets always carry two currencies, one currency is being sold, and the other currency is being purchased. The funds manager verifies the characteristics of cash flow whether the following are present in foreign exchange transaction. 1. The name of the second party to the transaction. 2. State whether the specific currency is being sold or purchased. 3. The total amount involved in transaction. 4. The location where the funds or instruments is purchased. 5. The location where the second party requires the funds to be purchased. 6. The rate for the transaction. 7. Value date. Cash flows are aggregated in two groups. The first being net cash flow per currency by specific value date and second being net exchange position of each currency with aggregate value of dates. The concept of value date has a great importance in the matters of foreign currency exchange transactions with two dimensions which are as follows: 1. Spot transactions carry value date of 2 business days with its closure on the following day when the transaction is closed. 2. Forward transactions carry value date for future, with specific date from the spot value date, at the time of transaction. Value date indicates in flow of cash, cash expected in the future for commercial banks and central banks especially in foreign currency exchange transactions. A very good scope of interaction exists between money market and foreign currency exchange market. For instance : 1. A cash flow of â‚ ¬ 3 million is expected on value date October 31 to an European money exchange bank from another country. Here the value date is October 31. 2. A cash flow of $ 10 million is expected on value date December 31 to another European Bank. Here the value date is December 31. The above example indicates the net cash flow includes both spot transaction and future transaction of foreign currency exchange. The responsibility of funds manager is as follows: 1. On receipt of funds in euros, the entire amount will be deposited in the account of euro cash balance. 2. On receipt of funds in dollars, the entire amount will be deposited in the account of dollars cash balance. Banks maintain a regular cash balances of respective foreign currency exchanges and accordingly lend loans with certain interest rates and also issue currencies against exchange for commercial transactions. On every day basis the business days carry exchange rates which quote high and low according to the demand of buy and sell of traders of foreign currency exchange and also depending on the stock market sensex with FII inflows. One important aspect of foreign exchange currency is to be noted is here that the traders of foreign currency exchanges play a vital role in bidding and buying foreign currencies. For example if a trader bids 120. 00-05 on dollar/Yen, which means to buy dollar at 120. 00 and sell Yen or sell USD at 120. 05. Conclusion Among all regional respective currencies of each nation, United States Dollar has been accepted universally for both domestic as well international foreign exchange currency services and for global business transactions. Commercial transaction amount is converted into USD and paid accordingly which is converted from regional currency. For example if a Euro businessmen purchases 500 computers from IBM, deal of business amount that is calculated in Euros is converted into USD and paid to IBM which is were foreign currency exchange converter is required. The Financial Accounting Standards Board’s (FASB 52) defines Foreign Currency Translation, defines GAAP U. S. Generally Accepted Accounting Principles requirements for foreign currency revaluation.

Analysis Of Aint Any Makin It Sociology Essay

Analysis Of Aint Any Makin It Sociology Essay The essay is a critical analysis from a sociological point of view of the book aint No Making it, third edition by Jay McLeod and published in 2008. The author divided the book into three distinct parts; part one The Hallway Hangers and the Brothers as Teenagers, part two Eight Years Later; Low income, Low income and the last part Aint No makin It. Through the eyes of the two groups used by McLeod, the brothers (black minority boys) and the Hallways (white boys) we are able to clearly see what transpires in an American societal setting. The two groups lived and studied in the same conditions but each has varied expectations and aspiration, this is on the basis of their race. The Brothers viewed an open society as the way life should be lived and held the opinion that the difficulties they are going through is due to racism their ancestors underwent. For this reason, they try as much as possible to engage in socially acceptable manners. This group does have high expectation as well as aspiration. On the other hand, the Hallways do not accept the same achievement ideology held by the Brothers. The individuals in this group have lost hope, do drugs, drop from school plus engaging in a myriad of other activities deemed illegal. From the author, the two groups did not get themselves out of poverty. The reason I bet is that there are numerous barriers in the society that blocked their quest of getting themselves out of poverty. It is worth noting that a number of other concepts from sociological point of view clearly emer ge. These include social conflict, poverty, gender and racial inequality, males as role model, political power, defeatism, education and society/elites and generational mobility (McLeod 17). Social conflict From social conflict theory which argues that human beings as well as groups in a given society do at any given time have varied amount of both material and non material resources. For this reason, those deemed wealthy or rich and more powerful exploit the less privileged. Another theory that will be analyzed along the social conflict one is Bourdieu social reproductive theory which asserts that those kids born by working class parents will automatically end up finding better jobs. It is evident that the Brothers did acknowledge that the difficulties in life they are facing at present are nothing but as a result of the serious racial discrimination their fore fathers went through. A typical example of social conflict is in the field of education in the book. Those kids from lower class families are treated in a manner by the teachers that suggest they (students) are less competent. Thus they are placed in a lower track as they lack opportunities to develop their language. In this category, these students are only trained to later in life take blue color jobs while those from affluent families are trained to take white color jobs. Additionally, the two kinds of school, public and private provide us with a clear distinction between where kids from wealthy and poor background attend school (McLeod 287). On the same note, students from less privileged families are disadvantaged by their manners, the way they talk, dress and deemed not to be fit and valued in the ed ucation systems Social conflict also arise when the Hallways view their skin as being discriminated against by the American affirmative action which aim at providing equal opportunities to all Americans. They are of the opinion that the black are favored due to their skin color and the whit boys even curse their color. Frankie said, Well I look today, and if anyone should had a chance to make it, its fuckin, its black people. They got a chance to make it. Cuz theres fucking quotas to be filled. (McLeod 187) It is from this perspective that the two groups hold varied achievement ideology. It is apparent that despite their hardship, the Brothers see themselves as individuals who will beat all odds and make it in life through education and taking part in constructive activities. On the other hand, the Hallways have no hopes of making it in life and are under defeatism. One thing seems apparent, that structural barriers block both the Brothers and the Hallways from getting out of poverty. From a close examination of events, it is in my view that hard work do pay while other factors such as race, sex among others are just secondary or play very minimal role in future success of individuals. Gender and racial inequality Gender and racial inequality is a concept that refers to unfair treatment of an individual because of his sex/gender and his/her race or skin color. In the book, the author through his well thought and painted characters bring out clearly discrimination in terms of race. From the view point of the Hallways, lacking male role model brings to their mind some aspect of gender inequality. They Lack the guidance as well as the opportunity to learn from them, and for that matter, they do not deem their mothers and elder sisters as being in a position to provide them the guidance they need in life. Lack of male role model have renders these guys (Hallways) to be hopeless in life and when asked what they will be in the next twenty, years, their response is amazing, they say they will be in jail or even dead (McLeod 341). The issue of racism has been facing Americans from as long as human race came into being and started migrating to America. From the onset of the book, the Brothers claim that they are in their difficult situation as a result of how unfair their forefathers were treated. This resulted to them (forefathers) being denied equal employment and education opportunities. The Brothers are brave enough to come out of this narrow kind of thinking to fight very hard so as to reclaim their status thanks to numerous reforms such as affirmative actions and equal employment opportunities. On the other hand, the Hallways despite the fact that they are white which would translate to being in a better position to get better education and jobs are in more anguish just like their black counter parts. They assert that the black are favored as they have taken all jobs due to the government policies, Hallways further claim that they see their skin color as working a against them, for this reason they are pr acticing racism as they do not see eye to eye with the blacks. Contrary to this, the Brothers upon seeing an element of racism just work away from it (McLeod 442). Generational mobility Generational mobility a concept used to describe how a given human generation finds their ways to the next social class has is evident in McLeod book. Historically, human race have struggled to make their live better by doing all things possible within their reach. One is the quest to climb the social ladder. Varied school of thought exist that try to justify how this is attained. There are those who hold that ones family background dictates how far an individual will rise in societal stratification. On the other hand, achievement ideologists strongly believe that all these societal aspects such as sex, race, family background are secondary and play no or minimal role in dictating how one generation will rise from one level to another. What is important is the desire and hard work of doing so. Both the Brothers and the Hallways are brought from impoverished family background. One group, the Brothers, the black minority in America society despite being brought up in a disadvantaged society; they are painted as individuals who are highly optimistic and work very hard to attain their dreams and desires. They engage themselves in activities that are in line with positive living as well as in line with the countrys law. They work very work very hard in school in order to attain better grades. It is worth noting that despite the fact that their parents were oppressed previously and did not get the opportunities to attend school, they against all odd support their kids in all ways possible. However, the Brothers failed to achieve their desired success and blame themselves for this failure (McLeod 271). On the other hand, the Hallways were demoralized by their self defeat and found themselves indulging in drugs, dropping from school. They blame all other individuals in the society for instance schools, parents, the community the society and every one around them but forget to see what role they have played in making their lives the way it is. It is for holding the idea of defeatism, pessimists and disregarding achievement ideology that the Hallways did not achieve any mobility that could have helped them and the coming generation to move up the ladder. From my point of view, for any future human generation to realize mobility, the present generation need not to focus on what was done wrong but to make improvement on what was done wrong. From my analysis, there is no one better social theory that can adequately explain sociological aspects in any societal settings. Due to the fact that all sociological concepts and perspective are closely linked to one another, ascribing one to be of more importance in my opinion is not being rational and sound enough in trying to address these effects. Poverty The author has laid an emphasis on the issue of poverty in the society. In the book aint no making it, excellent insights I to lives of teenage boys who live in a low income neighborhood Clarendon Heights where the reader is forced to reconsider ones notions and perceptions of poverty as well as its causes in the society. The book looks at the American ideology on achievement and puts into question its effect son the society. The book goes to justify the fact that people are not poor simply because they are lazy but rather as a result of numerous structural barriers in the society that traps them into the vicious cycle of poverty. It goes ahead to show how the social structure and the way the society is close-minded and the especially the upper and the middle class people who view that those who occupy the lesser social standing the lazy ones. The 11 year old Freddie is self-defeated despite growing in America perceived as a nation of dreams because he feels trapped in such position by the inherited poverty. The poverty handed down from earlier generations especially from their uneducated parent greatly impacted on the work, school and even shattered or limited their dreams and ambitions (MacLeod, 447). Defeatism The author mentions in his book about the hallway hangers which is predominantly whites and spend great deal of their time hanging in a specific hallway section of the housing project. This peer group is self-destructing and self defeating as its members poses a very narrow view of their futures being destined with expectations. They dont see any glimpse of hope and are very pessimistic of their future endeavors. On the other hand is the very optimistic per group the brother who despite their low income current life they detrimentally held the American dream close to their hearts. The hallway hungers have been isolated from the society and they feel bitter about it as they are the minority group. The alienation as a result of poverty has made them give up in a life and that they have dully accepted. The hallways hangers then engage themselves in criminal activities, alcoholics and become junkies who are addicted to losing. Way down the line they still dont realize any upward social m obility. On the other hand the group of the poor black catapulted by their optimism and American dream turns their desolate situation in to a better one by struggling very hard and this later earns them a slight upward movement in the social ladder. Through this the author embedded the Marxist theory which he argues against assuming that all educated people as Marx stated. MacLeod shows another evidence that poor people stay poor because of the generational inheritance of poverty because there are numerous pressures that act against them especially when the struggle to lift themselves sup and these end as limiting their rise in the society so far ant rise in social status effort of several generations have to be considered. The defeatism portrayed by the Hallway Hangers in the book aint a making it making is explained by the social learning theory which argues that students are often socialized from their early ages and thus hold various values and own experiences based on their social situations. It further argues that students raised from backgrounds characterized by failure and under achievement always see their parents or preceding generations as failures and tend to often internalize such values at end up perceiving their own success also as unlikely. This theory thus justifies the action and decisions that are made by the peer group Hallways Hangers who saw their uneducated and poor parents and became self -defeated for the rest of their lives. The author also describe the consequences that result when the poor are false defeated and do nothing if not worse by making wrong decisions in their current lives. The Hallways hungers saw falsehood in the American dream and believed that everything they ought to have done to salvage their situation as was empty ventures and turned to be absolute losers who in their future lives had crummy jobs, poor living standards and many regrets like if they had been serious in getting educated they would have bee leading better lives with better past. Macleod proves that nothing good comes for free and one has to keep on struggling to attain it just as the way the brother never gave up on their dreams despite their poverty and alienation from the rest of the society. It proves that if one is to succeed. The author shows how the lives of the poor in a well off society are self-defeated by their poverty levels and end up worsening their situation as they are alienated from the rest of the society (MacLeod,347).The brothers stayed focused in their struggles to see their dream of progressing into the social ladder into the middles class coma true and later reaped its benefit of their optimism and handwork, their behavior is supported by the ideology of achievement called Need for Achievement theory which argues that the level of ones achievement is the product of their motivation to succeed and hence avoid failure thus individual tend to weigh their expectancy of success by the values placed on that success. The brothers despite being from poor families kept their dreams alive by motivating themselves with good thoughts of enjoying better life when they rose to the middle class. The values they placed in middle social class motivated them to keep on struggling hard and being optimistic of a better life ahead. Drugs use The Hallways hangers see falsehood in the education system and thinks that teachers no nothing and sees no values of getting educated and if they go to class they get expelled and are teachers nightmare. There parents work in low paying jobs and for them to get quick bucks they get themselves is doing drugs like selling of crack cocaine in the neighborhood. In addition to doing drugs the group engage sin alcoholism and other forma of crimes. Doing of drugs inhibits the group members from getting educated and obtain their goals as it makes them concentrate on them and as they get high they care less of their lives hence limiting their progress in life. The hallways hangers derived their name fro always found hanging in a specific hallway in the project, a place they would get drunk and high. They have given up in life and dont see any possibility of getting out of the housing projects so they opted to doing drugs hence becoming depressed and eventually hindering their motivation (MacL eod, 147). This peer group use drugs as a shortcut to happiness and a way of avoiding the effects of poverty. Doing drugs also made them quick money which they believed could not be obtained from work. From doing drugs one could get more than twenty dollars as compared to seven dollar salary from work. Hangers saw drugs as an n easy way out of debt but this denied them an n opportunity of going to school to better their future lives and for those who attempted to school always got in problems with their teachers and administration as result of drug use. Male Figures Role Models Most of the male parents of the hallways hangers are either gone and brothers are dead or in jail and this denies such them a male role models in their upbringing .On the other hand the brother have more male authority figures and they therefore respect their families more than their counter parts hallways hangers (MacLeod,47).The brothers also are more optimistic in life and hope to get their families out of the housing projects by graduating from school and getting white jobs which are well paying. This shows that the male role models in the family plays a critical role in the lives of the younger siblings or their kids as they instill some values that the male figures ca not. For example the skills of appreciating family are related to the role played by the male family figures as seen from the brothers who show some love and respect towards family members and this is attributed to the numbers of male figure in their lives as compared to the Hallway hungers whose fathers were dead and big brothers dead or in jail. The male figures in the families of the hallway hungers showed a bad example influencing the members also get engaged in activities that would lead the to imprisonment or even lead to their death. Conclusion The book outplays the idea of doing away of ideologies that deny acknowledgement of ones social conditions for instance the achievement ideology which made the brothers to believe that by ignoring their impoverished conditions they can make in life by trying harder and they ended up in limited progress. Most teachers believe the ideology motivates all students but that is not true as there halfway hangers needed a support in self esteem in order to get motivated. Ina addition to that in order for students to get motivated in schools materials should be provided especially those in inner-cities where schools have deteriorated to a dangerous point. In addition, a social change is not achieved overnight but takes sometimes and appreciation of ones social problem leads to a progressive change and through education one is able to critically understand such social problems. Finally to make any political change in the society people especially the dormant dogma should discard the long time held belief that poverty is caused by personal vices and cultural pathologies of the poor.

wal-mart throws lifeline to managers :: essays research papers

Wal-mart throws lifeline to managers Jessica Marquez Workforce magazine – April 2005 After all the bad press and lawsuits Wal-mart is finally doing something about it. Wal-mart has decided that they need more help in how they hire and train employees. They have decided to bring in human resource specialists into districts and help with selecting, hiring, and training new associates. The new positions will be filled with human resource executives with legal backgrounds. This new concept will be started in the southern California area and if it goes well they will expand to other parts of the country. The teams will consist of 5 people with legal backgrounds. They will be there to help managers with all human resource needs. They are there to answer questions help in selection and hiring decisions. With all the new laws and all the past problems in those areas wal-mart wants their managers to know they have someone to call and have there physically to help when needed. The example they used was if they hire a disabled person what would they need to do to best accommodate this person both too obey the law and too help this person succeed in his or her job. The company will be watching closely to see if this is working. They will gauge its effectiveness by the turnover rate. The current turnover rate is a little below 50%. The goal is to get it too under 10%. The budgets have not yet been determined but Susan Oliver the VP of HR says that whatever the budget is if the employee turnover gets better it will be worth every penny spent. Susan Oliver says that these improvements are not just an answer to the critics and lawsuits but a belief that if they did not do something they would lose the war in hiring and retaining good employees to the competition. She believes that this war will become much more intense as the time goes by. Being the leaders in the industry makes people expect more from them and rightly so. This article brings a lot of good ideas to the forefront. Managers are in need of good HR minded professionals to deal with legal issues in the workplace. They must deal with the handicapped person who wants and needs the job but needs some help in doing so and from the employee that feels he or she has been sexually harassed.

Tom Green Vs. Cheech Maron :: essays research papers

Tom Green is the type of guy who probably got kicked out of class all the time. Teachers, Principal, and administrators knew his name. The guy who was never taken seriously.   Ã‚  Ã‚  Ã‚  Ã‚  Tom Green is a male Stefanie. The reason being, in comparison, both are hyper, crazy, and love to make other laugh and just straight out have a good time. Tom is guaranteed to make people laugh and take his show to the extreme. From particle jokes to crazy pranks pulled, to candid cameras and cruel humor. ( clean humor) No one is hurt while the camera is rolling, with the exception of Tom. a good time   Ã‚  Ã‚  Ã‚  Ã‚   Little Rascals is a kind of movie that has a cute humor to me. In the movie, it’s based on young kids, between the ages of 6 and 8 years old, who try and accomplish deeds that great of adults. There always getting held back one way or another. For example, when Alfalfa tries to be romantic with Darla, the gang always seems to catch him in the act. So the gang gives him consequences since their club is the â€Å"he man women haters†, so his punishment was to sleep at the club house that was burned down to a crisp, out in a storm, and had to watch it. Thinking there were monsters, and bum’s out there to get him, unable to sleep, all for the love of Darla. Another situation would be when Buckwheat was sent to call the fire department for when the club house was burnt down, and when he finally went to the phone booth, he didn’t’ know the number, and questioned â€Å"what’s the number for 911?† And left..   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"I’m pretty† is a song that is from T.L.C’s latest release. The song talks about, Society, how it has changed and how girls will do any type of reconstruction to their body just to look â€Å"better†. This topic really opens peoples eyes in the song. As you listen to it, you will finally/if not already notice how todays women are doing any type of surgery for some attention, and â€Å"love† from another. If you look good, you will be accepted in society, for being so pretty. But the pretty really counts inside if you think about it. To some it is all about what size of bust, waist, or hips you got, wheter you got it â€Å"going on† or not. This topic is really effecting teens in todays world. Stereotyping the look is what it’s all about. Sadly it is true, but I feel the song will help others notice what is really up

Ethical Argument Cover Letter Essay

This is my submission for the Ethical Argument writing assignment. I was asked to choose a topic to write and I chose to write about the Ethical Arguments against Abortion. Initially, I had many choices but I landed on this mainly because this is a broad topic as it covers science, religion, and human rights. Since this is a broad topic, it was also difficult to choose which part of abortion is suitable for this argument and which part of abortion I can write without injecting my personal views and opinion. Thus, I decided to write to focus on why abortion is acceptable for the case of life endangerment and why it can’t be accepted in rape cases. The purpose of this essay is to show arguments about the legalization of abortion with regards to life endangerment against rape case. Perhaps, the most difficult part of writing this paper is to weigh objectively the stand of abortion in the two cases given in this essay. However, the parallel or example I gave helped me arrive to the argument I presented. I hope that this writing will meet your requirements and I would be glad to receive some feedbacks from you. Respectfully Yours, Student’s Name Student’s Name Professor’s Name Subject 29 April 2009 Ethical Arguments against Abortion For years, we have heard a lot of arguments against abortion; arguments as to why or why not abortion should be legalized. It seems to be a never-ending debate especially when taken from a pro-life perspective. Arguments against abortion often range from objections based on the USA’s constitution protection of the rights to human life to biblical belief that human life starts at conception. However, more arguments and objections arise when a law justifying abortion for mothers whose lives are endangered because of pregnancy has been approved, whereas others are questioning that if this is permissible, why can’t rape cases be? This essay offers arguments and responses as to why it is morally illegitimate to have abortion in the event of rape, while it is fairly acceptable to commit abortion when the mother’s life is endangered. Let’s look at the rape issue first. One of the fundamental beliefs of person’s rights regarding any system concerning the use of disciplinary force is that is to be applied only against those individuals responsible for the initiation of force. In this situation, the guilty party is the rapist and not the fetus. Moreover, in this case, the law might legally grant its authority to terminate the rapist, since rape is considered as an abominable crime, but not the child, even if the child’s dependence on his mother was the result of the rape. Let me give you a parallel. Imagine that there are two mutually unfriendly people living in the same building during the bombing raids of Hitler in 1940. A bomb is thrown into the building and this causes all possible exits to collapse while destroying all the walls that separate the neighbors. In effect, they are forced to share the same space and work with each other in the hopes to channel themselves out despite a mutual dislike. Does the given scenario justify one of the two unfriendly neighbors killing the other because of the inconvenience caused by the other, even though none of them had really caused it, or wouldn’t it be proper to demand justice from the Nazi air marshal who had originally commanded the bombing raids? Although the bombing and rape are two immensely unlikely scenarios, both are possible and the possible circumstances here are parallel to that of a pregnancy caused by rape. Going to the mother’s life endangerment issue, no individual is really obliged to his or her own life to save another person’s life. Therefore, when it can be proved medically that the mother’s life is in fact significantly endangered by a pregnancy, then, an abortion may be undertaken as a final resort and an only situation where it is possible to support legal abortion and to remain loyal to the individual rights’ principle; however, it is not an ordinary situation. Rather, it is considered an emergency, or a sort of situation as addressed in â€Å"The Ethics of Emergencies† written by Ayn Rand as part of her essay collection â€Å"The Virtue of Selfishness†. An emergency is an unchosen, unexpected event, limited in time that creates conditions under which human survival is impossible – such as a flood, an earthquake, a fire, a shipwreck. It is only in emergency situations that one should volunteer to help strangers. For instance, a man who values human life and is caught in a shipwreck, should help to save his fellow passengers (though not at the expense of his own life). But this does not mean that after they all reach shore, he should devote his efforts to saving them from poverty, ignorance, neurosis or whatever other troubles they might have. Nor should he spend his life sailing the seven seas in search of shipwreck victims to save. (The Virtue of Selfishness) From this definition alone, the situation of a mother whose life is endangered because of pregnancy is considered as an emergency as long as the mother has no idea that her pregnancy would put her life into danger. However, if from the start, the mother already knew about her medical condition that pregnancy will do her no good, it must be her responsibility to avoid becoming pregnant and must do her best to protect her health. Should she decide to face the risk, aborting the baby must not be done. In addition, Rand writes in her essay that emergencies are always exempted from the rule. They are not the normal state of ethical human relations or of human existence. To say that such extreme action may be allowed in emergencies is simply not to extend the acceptability or tolerability to the realm of human existence as dealt with by the basics or fundamentals of ethics. So, just because abortion may be justified as a final resort in some unexpected circumstances, this does not mean that the general legalization of abortion may be justified, especially with the fact that most cases of abortion occur because a woman has gone through indiscriminate sexual relations and has never wished to bring upon herself the objective consequences of such actions which are the pregnancy and the responsibility and obligation of bringing up a child. Work Cited Rands, Ayn. â€Å"The Virtue of Selfishness† 28 December 2008. Glyn Hughes’ Squashed Philosophers. 29 April 2009. Annotated Bibliography Rands, Ayn. â€Å"The Virtue of Selfishness† 28 December 2008. Glyn Hughes’ Squashed Philosophers. 29 April 2009. Rand’s essay collection â€Å"The Virtue of Selfishness† offers the basic or fundamental social principle of Objectivist ethics that life is simply an end itself, which simply means that every human being is an end himself. This also explains that man must live only for his own self and neither to sacrifice himself for others, nor having others to sacrifice themselves for him. The chapters in this essay collection could be easily included in the ethical argument writing especially when the topic is about sacrificing oneself or sacrificing others for the benefit of the other just like the topic in this argument.

Para maka gawa lang

It is a good practice to have a good hygiene. Though centers would usually have maintenance, prevention is still better than cure. Working in a call center would usually affect the social life of an agent as well due to the drastic change of schedule, and that may arise to conflicts in work and performance as well. Global, formerly known as veldt Events Inc. The headquarters of the company is in Magmata City operating in 30 locations. Their areas served are North America, Europe, and Asia-Pacific. Currently this year, Sip Global has been held as the â€Å"BestEmployer of the Year† in the International CIT Awards. Working in a call center has always had its draw backs for the past century, when BOP (Business Process Outsourcing) was being catered by business firms from other countries. And here in the Philippines, we usually encounter business men from the west countries due to the differences in â€Å"Labor Cost† compared to their country. That is why people from SIP Gl obal would have a sense of opportunity since they are working locally but for a company that is outside of the country.Business trips are sometimes given by clients to the managerial team of the LOB or Line of Business. In any call center company, SIP Global had some fare share of experience when it comes to labor management since the company has run for over 34 years running. And we can note that there are main problems that Sip Global encounters. Some common problems within a call center industry would be Agent Absenteeism which directly is affected by work schedules that are sometimes forced by the management that is in contrary to the agent's liking. Another would be Staff Attrition.Since by default, agents know that there are a lot of call centers out there, they would find the one that suits to them. One factor is the schedule which the agent prefers, if it is for a day schedule or going to work at night shift for the Hazard/ Night differential pay. These 2 notable habits of a usual agent are directly affected by work schedule, thus would always result on the same ending. This study will determine the effects of work schedule to the work performance and health conditions of a call center worker or agent at SIP Global.Specifically, it tends to respond to the following queries: 1. What is the demographic profile of the respondents in terms of: 1. 1 Age 1. 2 Gender 1. 3 Marital status 1. Education 2. The concerns that you encounter due to your schedule: 2. 1 Social life 2. 2 Family 2. 3 school 2. 4 Curricular activities OBJECTIVE OF THE STUDY The study has the following objectives to attain the thesis entitled â€Å"The effects of work schedule to the work performance and health conditions of a call center worker or agent at SIP Global† to find out how work schedules affect an employee in SIP Global.These are the following objectives that the researchers would like to attain: To determine the demographic profile of the respondents in terms of age, ge nder, marital status and educational background To determine the effects of work schedule to the work performance and health conditions that may affect social life, family, school and other curricular activities. To determine what other alternatives can the agents do to avoid the effects on their health and work performance with a difficult schedule.Traditionally, absenteeism has been viewed as an indicator of poor individual performance, as well as a breach of an implicit contract between employee and employer; it was seen as a management problem, and framed in economic or quasi- economic terms. Attrition – are reduction in the number of employees or participants that occurs hen people leave because they resign, retire, etc. , and are not replaced. Labor Cost – is a part of wage-bill or payroll that can be specifically and consistently assigned to or associated with the manufacture of a product, a particular work order, or provision of a service.Firms – are typ ically associated with business organizations that practice law, but the term can be used for a wide variety or business operation units. Habit – is a routine of behavior that is repeated regularly and tends to occur unconsciously. – Business process outsourcing is a subset of outsourcing that involves he contracting of the operations and responsibilities of specific business functions (or processes) to a third-party service provider. LOB – Line of Business is a general term which often refers to a set of one or more highly related products which service a particular customer transaction or business need. Introduction This portion of the study presented various write-ups, articles, studies, reports and related literatures, both foreign and local about cultural preservation and other issues and concerns brought by agents local and international. Foreign Literature According to Kennedy (201 1), productivity is the efficient creation of goods and services. Producti vity is a product of various factors; it can be the workplace such as lightning, ventilation and sanitation.If they are not favorable, they reduced productivity. Employees are the most important productive resources of the organization. If they are trained and treated properly, they are capable of attaining peak performance. For this reason, progressive business enterprises never stop developing their employees through education and training, whatever financial needs their employees have, they get their companies assistant. Capron' (201 1), stated that all human beings must deal with the passing of time.Different cultures emphasize a different ways of understanding and managing time, including whether time is viewed as a scarce resource to be saved and spent wisely or a series of moments to savor; whether people should manage their time by doing one thing at a time or many things at once; whether the people should focus primarily on the past, present, or future. These assumptions ha ve implications for day to day time management and coordination, as well as for strategic planning. According to Heaven et al. (2010) work may be stressful when we feel that we do tot have enough time to complete the work.We may wish to find a better way to manage our time. This could include a number of things, such as proportioning tasks and developing plans to achieve goals. As donated by Levity et al. (2010) managing time effectively is one of the keys to become an efficient worker. Follow these time management tips to increase your productivity: be on time; determine your priorities & plan your work around them; use time management tools; develop your good time management habits; keep your work area well-organized; expect that adjusting to your new Job take some time

Drinking culture in Korea Essay

Despite the economic down turn, Korean consumers are still ardent drinkers. The drinking culture in Korea are favourable towards on-trade channels, as drinking is considered an important social activity. Alcoholic drinks are an important accompaniment to events ranging from orientation program in universities to company dinners and welcoming parties for new employees or farewell parties, as well as birthdays, weddings and funerals. 11 There is a unique and peculiar drinking custom in Korea. When Koreans drink alcohol with someone older than them, they are extremely cautious when pouring the alcohol. It is important not make the senior’s glass over flow, but more importantly It is important to use two hands when you are pouring the alcohol. This shows respect and a token of admiration, and this custom is applied to every case in Korea. For example you should submit you coursework with two hands to your teacher. 12 Koreans on occasion will exchange glasses. When somebody offers liquor with his glass, the drink should be drunk straight away and offer more liquor with the glass. Drinkers tend to serve one another rather than have the drinks poured by a bartender. 13 South Korea has a well-known reputation for having the most dangerous drinking culture in the world. A night out in town with Korean businessmen can entail some serious culture shocks, as Koreans are well known for the alcohol tolerance. Drinking plays a big part in the Korean culture as it helps build trust and deepen relationships. It is believe that alcohol is an invaluable social lubricant. There are also well known drinking games in Korea amongst the young generation. The latest report from by the â€Å"Korean Institutes for Heath and Social Affairs† shows that the average adult male in Korea drinks about 11 days out of the month and women four. 14 This suggests that there is a strong drinking culture in Korea and that it is integrated into every aspect of their lives some way or another. Domestic reports show that in 2002, an average Korean drank 59 bottles of Soju, 86 bottles of beer and 1. 3 bottles of whisky annually. Consumer expenditure on alcoholic drinks had an overall increase throughout the late 1990’s through to the 2003. 2003 started with a gloomy outlook for the South Korean economy. Most economist report low consumer sentiments and affected alcoholic drinks in a varying manner. 29 Whisky imports have fallen by 30%; this may be due to the continuation of Korea’s economic slump. In June Korea imported $15. 76 million (approx i 9. 3) worth of whisky, however in May it imported $20. 7million (approx i 12. 17). It is the first time that whisky imports have marked a double-digit fall since July 2001. According to industry experts, the reduction in imports resulted in a drop in consumption of premium whisky due the slow moving economy. Many companies have instructed their employees not to go to expensive bars when they meet their clients. â€Å"Whisky consumption responds to business fluctuations† an official at the commerce, Industry and energy Ministry Said â€Å"diminishing whisky imports are likely to continue for the time being†. Whisky consumption has fallen over four successive months, from January to April, for the first time since the 1997 financial crisis. 30 As a result there has been an increase in Soju consumption and a decline in whisky consumption. This can be seen from the quantity of whisky actually delivered into Korea, which fell by 50% from March to April. Soju on the other hand increase its sales with 16% during the same period. 32 33 South Korea’s whisky consumption is a barometer of how confident the country’s 48 million people re feeling about their economy. All foods and beverages imported into Korea are subject to inspections by the Ministry of Health and Welfare/food quantitative division. There are two types of food and beverage inspections: a detailed chemical analysis test and visual/document inspection. Korean-language labels must include the following: name of the product; country of origin; type of product; importers name, address and telephone number; business licence number of importer; expiration date; alcohol percentage and volume; name and volume of ingredients by percentage; name of place where the product can be returned or exchanged in case the product is damaged or defective; instructions for storage; name of food additives; the Government’s health warning clause and lot number or manufacturing date. As a result if Glen Sporran is imported into Korea, it must abide with the labelling instructions stated above. 42 9. 3 Price When Pricing Glen Sporran, it should be noted that it is a premium malt whisky and the price should reflect the quality of the product. When pricing Glen Sporran the direct competitors should be considered. The Price should be compared to the other single malt whiskies that are already in the Korean market, as they would have went through similar strategies to make the whisky available. 10. Distribution There is a high consumption of alcoholic beverages through on-trade channels in Korea. There are well-developed on-trade channels in Korea such as restaurants, pubs, and nightclubs especially in Seoul. On- Trade sales continued to account for a significant percentage of sales in the overall alcoholic drinks market in 2003. Even though there is a significant price gap for whisky due to high import tax and high local duties, Glen Sporran can be sold in premium on-trade outlets where consumers do not mind a high price gap as they enjoy the mood and the environment such outlets have to offer.

Revenue recognition Essay

The study has been conducted to have a view on Revenue Recognition and how is important for entities in financial reporting and the link between revenue recognition and creative accounting. The primary issue in accounting for revenue is to determining when to recognize revenue. Revenue is recognized when it is probable that future economic benefits will flow to the entity and these benefits can be measured reliably. There are identifiable criteria to be met and for revenue to be recognized. By definition, Revenue is the gross inflow of economic benefits during the period arising in the course of the ordinary activities of an entity when those inflows result in increases in equity, other than increases relating to contributions from equity participants. The entities revenue may be arising from the transactions and events, such as the sale of goods; the rendering of services; and the use by others of entity assets yielding interest, royalties and dividends. The recognition criteria usually applied separately to each transaction. However, in certain circumstances, it is necessary to apply the recognition criteria to the separately identifiable components of a single transaction in order to reflect the substance of the transaction transactions are dealt with shall be measured at the fair value of the consideration received or receivable. Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction.1 Creative on the other hand refers to the use of accounting knowledge to influence the reported figures while the jurisdiction of accounting rules and laws, so that instead of showing the actual performance or position of the company, they reflect what the management want to tell the shareholders. It is the transformation of financial accounting figures from what they actually are to what preparer desires by taking advantages of the existing rules and /or ignoring some of them2. There are number of ways management can use to practice Creative accounting such the choice of accounting policy and also the use of artificial transactions to Revenue Recognition. The focus of this study lies more on the Revenue recognition a tool of creative accounting. The Management objective is to maximize shareholders wealth. Sometimes Organizations performance do not always be good to meet this objective, Management may use creative accounting tactics to create a good image of company (find ways to improve results) to meet the objective of shareholders. Also Management use creative accounting to maximize for their own wealth maximization, among other thing is end bonus and salaries increments Literature Review Revenue recognition Financial reporting statements are tools to communicate entity performance to internal and external users of its financial results information. Revenue recognition is important aspect of organizational. The performance organization is measured based on the results from its operations activities and the bottom line (the profit) plays a significant role. Revenue is determinant of performance of Organization since the profit which is indicator of organizational performance is the results of the Organization’s total revenue less total costs.Internation Accounting Standard (IAS) 18 Revenue recognition, specify criteria to meet for revenue to be recognized in Financial Statements. By definition, Revenue is the gross inflow of economic benefits (cash, receivables, other assets) arising from the ordinary operating activities of an entity (such as sales of goods, sales of services, interest, royalties, and dividends) Recognition of revenue, recognition, as defined in the International Accounting Standard Board (IASB) Framework, means incorporating an item that meets the definition of revenue (above) in the income statement when it meets the following criteria, that: Its probable that any future economic benefit associated with the item of revenue will flow to the entity, and the amount of revenue can be measured with reliability. As mentioned, each activity has its recognition criteria on top of the one mention. These are as follows; Sale of goods  Revenue arising from the sale of goods should be recognized when all of the  following criteria have been satisfied: i. The seller has transferred to the buyer the significant risks and rewards of ownership ii. The seller retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold iii. The amount of revenue can be measured reliably  iv. It is probable that the economic benefits associated with the transaction will flow to the seller, and v. The costs incurred or to be incurred in respect of the transaction can be measured reliably Rendering of services For revenue arising from the rendering of services, provided that all of the following criteria are met, revenue should be recognized by reference to the stage of completion of the transaction at the balance sheet date (the percentage-of-completion method) i. The amount of revenue can be measured reliably; ii. It is probable that the economic benefits will flow to the seller; iii. The stage of completion at the balance sheet date can be measured reliably; and iv. The costs incurred, or to be incurred, in respect of the transaction can be measured reliably. When the above criteria are not met, revenue arising from the rendering of services should be recognized only to the extent of the expenses recognized that are recoverable (a â€Å"cost-recovery approach) Interest, royalties, and dividends For interest, royalties and dividends, provided that it is probable that the economic benefits will flow to the enterprise and the amount of revenue can be measured reliably, revenue should be recognized as follows: i. Interest: using the effective interest method ii. Royalties: on an accruals basis in accordance with the substance of the relevant agreement iii. Dividends: when the shareholder’s right to receive payment is established Creative Accounting Creative accounting refers to the use of accounting knowledge to influence the reported figures, while remaining within the jurisdiction of accounting rules and laws, so that instead of showing the actual performance or position of the company, they reflect what the management wants to tell the stakeholders. Purposeful intervention in the external financial reporting process with the intent of obtaining some exclusive gain. There are some many ways management can use to practice creative accounting such as choices of accounting policies, use of artificial transactions and revenue recognition. In this study, our main focus will be on later, the revenue recognition. Revenue Recognition is the most manipulated item. Deloitte on its review on what fraud scheme are most common, revenue recognition represent 41% of all fraud schemes in United States between 2000-2006.For Many Companies the revenue figure is a single aggregated big number. Creative accountant has always known that, one of the ways to inflate profit is to inflate revenue. In achieving this goal first they manipulate fair value measurement criteria. The criteria are subjective and depend upon the parties to the transactions integrity. The fair value determination is based on knowledge and willingness of the parties to the transactions. Secondly they recognize revenue before it is earned i.e. pre mature recognition of revenue. In complex transactions which involves the lengthy stages of sale especially with accrual system. The recognition of revenue in terms of its timing can be very unclear, therefore the opportunity for manipulation occurs and this can facilitate premature recognition of revenue. Before looking how revenue recognition link with creative accounting, first we have to look the motive behind Creative accounting. Dr. Syed Zulfiqar Ali Shah and Dr. Safdar Butt in their article Creative Accounting: A Tool to Help Companies in a Crisis or a Practice to Land Them into Crises which also appeared on NBAA journal No.28 of April-June 2010states and explains the following as motives for creative accounting. To meet internal targets The managers want to cook the books for meeting internal targets set by higher management with respect to sales, profitability and share prices. Meet external expectations. Company has to face many expectations from its stakeholders. The Employees and customers want long term survival of the company for their interests. Suppliers want assurance about the payment and long term relationships with the company. Company also wants to meat analyst’s forecasts and dividend payout pattern. Provide income smoothing. Companies want to show steady income stream to impress the investors and to keep the share prices stable. Advocates of this approach favor it on account of measure against the ‘short-termism’ of evaluating an investment on the basis of the immediate yields. It also avoids raising expectations too high to be met by the management. Taxation The creative accounting may also be a result of desire for some tax benefit especially when taxable income is measured through accounting numbers. Change in management There is another important tendency of new managers to show losses due to poor management of old management by some provisions Revenue Recognition as method for Creative accounting practices There are number of ways management use to conduct creative management, among them is revenue recognition. Firms virtually have a free hand in timing the booking of their revenues at any stage starting from the moment sales contracts are signed till the promised product or service has been fully delivered to and accepted by the clients. For this we can refer to a classic example of Microsoft which was heavily fined by US SEC for its manipulative revenue recognition policy. Microsoft recognized only a small percentage (20-30%) as revenue at the time of the sale and remaining amount was kept as provision for future after sales services. Why Microsoft adopted that strategy. The answer is to (1) hide substantial profits, (2) signaling effects, (3) avoiding complacency and last but not the least (4) to report smoothed  earnings to its shareholders & stakeholders.3 Moreover, NBAA Account Journal vol.25 No 4 October –December 2010, outline ways in which Revenue Recognition can be used as a method of creative accounting. This include but not limited to Common revenue Manipulations and channel stuffing, Multiple element arrangements, side letters or agreement and non substantive round trip arrangement, Bill and hold arrangements, backdated contracts and Fictitious transactions Common revenue Manipulations Revenue recognition irregularities often involves both omission and commission acts which are inherently either or both inclusive and exclusive of creative accounting manipulation.In books and records include commissions such as false entries,misstated contracts,back dating,misapplication of accounting standards.Commissions result into overstated revenue,mis-timing of recognition,overstated receivables. Channel Stuffing Channel Stuffing is a practice of bringing revenue forward from future fiscal periods.This is done by inducing customers to submit purchase orders in advance.Channel Stuffing is an example of real earning management which involves manipulation of real or normal operations to influence reported performance. A good example of channel stuffing is Coca cola channel stuffing practice of 1997 to 1999 where coca cola offered downstream bottlers extended credit to induce them to purchase more than demanded. Multiple element arrangements, IAS 18 provides guidance on revenue gain from the normal sale of goods and provision of services. The complex issues that arise from the principle-agent relationship and multiple element arrangement .The revenue collected for third parties is not to be recognized by an entity.For example, in a telecommunication industry, operator firm form alliances and enter into Side letters or agreement This involves act of seller to credit the buyer for unsold goods or to provide future stock rotation rights or to extend payment terms such that a transaction becomes a consignment Bill and hold arrangements, This include the sale of product and performing the warehousing service for the product.It is a contract of supplying goods where the seller transfer the title but does not transfer physically deliver the goods until a later date. The bill and hold arrangement are popular in the oil and gas industry as well as international sales.They are only acceptable when it is probably that the delivery will be made,the items on hand is identified and ready for delivery to the buyer at the time when sale is recognized, the buyer specifically recognizes the differed delivered instructions and the usual payment terms apply. The sale on bill and hold arrangement must satisfy conditions that the seller only retains the goods for safe keeping and shipping and the goods must not used by the seller to fulfill other orders. When these condition are met then sales can be recognized on a bill and hold arrangements. In practice these rules can be violated by seller and this go to be an act of creative accounting. The specific case in point would be on timing of the recognition between years as the transfer of risks and rewards can be distinguish and difficult to uncover. Therefore due to this the Revenue recognition can be shifted forward or backward to suit the needs of the creative accounting. Backdated Contracts Backdating of revenues contracts facilitates early recognition of revenue than normally expected recognition date. Company must comply with any laws, rules and regulations relating to dating documents used in business. Any departure from this may attract litigation because such backdating may amount to fraud, forgery and criminal offenses. Recognition of revenue earlier than its expected date act as a method of creative accounting because the financial statements for early recognition period will not present a true and fair value of the company’s performance, rather performance results from manipulated figure through creative accounting. Genuine Transaction Genuine transactions can also be timed so as to give the desired impression  in the accounts. As an example, suppose a business has an investment at historic cost which can easily be sold for a higher sales price, being the current value. The managers of the business are free to choose in which year they sell the investment and so increase the profit in the accounts Fictitious Transactions Financial Statements are inflated by recording sales of goods or services that never occurred or by inflating actual sales. This is one of the leading malicious manipulations than the other type of earning management because it engrosses documents falsification, forgeryand manipulation. On the other hand fictitious revenue can be accomplished with side agreements, contra agreements (sales that offset a purchase transaction) and conditional sales. Practical Example Xerox Corporation Source: The Wall Street Journal, February 6, 2001 Xerox Corporation had the habit of recognizing leasing payments as sales. In April 2002, after an investigation by the SEC, the American company was forced to reclassify its financial statements for the years 1997 to 2000 and reduce recognized revenues by US$3,000 million and profits by US$1,500 million, with equity being reduced in the same amount. As a result, the SEC fined Xerox US$10 million. By that time, the price of the company’s shares had plummeted from US$62 to US$4.5. How did this company manipulate its revenue figures? Xerox sold customers photocopiers under long-term agreements, in which the customers paid a sum of money to Xerox, part of which was to purchase the machine and the other part to cover repairs and maintenance on a long-term basis. This was not problematic in itself from a bookkeeping perspective, provided that the amount corresponding to the sale price of the machine was recognized as revenue in the first year, plus revenues corresponding to maintenance services in the current year, transferring the rest of the received amount to deferred Revenues, which, in turn, were recorded as sales in the year in which the repair services were rendered. So, if a photocopier, for example, is valued at US$100, and five-year maintenance costs US$50, the customer would pay Xerox US$150 when purchasing the machine. The correct accounting method for recording this operation, if the transaction were performed on 1 January, would be to recognize US$110 of sales in year 1 and US$10 of sales in each of the following four years. Accounting malpractice on the part of Xerox consisted in recognizing US$125 of revenues from the sale of the machine, thus undervaluing the amount of future repair services, recording US$130 as revenues in year 1 and deferring only US$20 over the remaining four years of the contract. In this way, it increased year 1profits substantially and reduced future profits. The total amount of the transaction in sales remained the same (US$150); the problem is simply the timing of the recognition of these sales ENRON Enron and other energy merchants earned profits by providing services such as wholesale trading and risk management in addition to developing electric power plants, natural gas pipelines, storage, and processing facilities. When taking on the risk of buying and selling products, merchants are allowed to report the selling price as revenues and the products costs as cost of goods sold. In contrast an â€Å"agent† provides a service to the customer, but does not take on the same risks as merchants for buying and selling. Service providers, when classified as agents, are able to report trading and brokerage fees as revenue. Enron’s method of reporting inflated trading revenue was later adopted by other companies in the energy trading industry in attempt to stay competitive with the company’s large increase in revenue. Enron’s use of distorted, â€Å"hyper-inflated† revenues was more important to it in creating the impression of innovation, high growth, and spectacular business performance than the masking of debt. Between 1996 to 2000, Enron’s revenues increased by more than 750%, rising from $13.3 billion in 1996 to $100.8 billion in 2000. This extensive expansion of 65% per year was unprecedented in any industry, including the energy industry which typically considered growth of 2-3% per year to be respectable for just the first nine months of 2001; Enron reported $138.7 billion in revenues, which placed the company at the sixth position on the Fortune global 500. Group Discussion Regarding Revenue Recognition The Management objective is to maximize shareholders wealth and this is achieved when the companies they are managing are performing well, recording high revenue figure and a good bottom line figure, the profit. Though this study we have learn that, Revenue recognition and Creative accounting is a tool which is much like a weapon. If used correctly it can be of great benefit to the user but if it is mishandled it can cause much harm. Many people are taking creative accounting as negative act; the image to their mind is that creative accounting is dishonest act and manipulation of figures. Though the study we have learned out that Creative accounting has both advantages and disadvantages. It can help the company to get out of a crisis than land them to a crisis. Therefore our discussion will focus much the advantages of creative accounting as the results of Revenue Recognition to the Organization. Not all aspects of revenue are covered under IAS 18 (Revenue Recognition), which give the room to management to use their judgments which will ends up with results favors position. For example IAS 18 provides guidelines on revenue gain from the normal sale of goods and provision of services. The revenue that arises from the principle-agent relationship and multiple element arrangement is not falls on the two. Deciding whether one operator is acting as an agent in delivering of services is subjective and unclear. Thus the decision will be based on matter of judgment and circumstances of situation. When Management use their judgment to recognize revenue for situation like this we can not say they have manipulated the figure, therefore creative accounting become advantageous to them. Creative accounting also can be used in genuine transactions. For example, the disposal of Investment, the authorization of sale lies on owners but the decision on when to sale is on hands of Management. For example, if the Company have investment of TZS 2m at historical cost which can be easily sold for TZS 3m in current Value, when authorized to sale, the Management of Company are free to choose in which year to sell the investment and to increase profit in the company results. Due to the tendency of Investors preference on smooth income to up and down  income, Management would like to dispose this Investment in the period when they see the entity’s performance is poor. The revenue from sale will help to boost their performance and end up reporting smooth income and help to meet expectations. This is creative accounting, but applied on genuine transaction and according to the requirement of the transaction. Revenue recognition acts as a method of creative accounting but on genuine transaction. The two examples we have discussed explain in brief how weapon, creative accounting could be beneficial to Company. When using creative accounting on in good manner, if the Company is in crisis, can help the company to acquire loans from Bank, to attract Investors and also to motivate employees because not only lenders and Invertors interested with Company Performance, Employees also interested to assure their job security and this is important because will enable the Company to retain their key personnel and also attract more qualified workers Conclusion Creative Accounting is both desirable and undesirable. It depends on the point of one’s argument. The practice of creative management has some advantages and disadvantages. Creative accounting is a tool which helps a company to get out of crisis than to land in it. It is much like a weapon. If used correctly it can be a great benefit to the user. Some advantages of creative accounting as a result of revenue recognition has helped to stabilize share prices, helps/helped companies to straighten their borrowing limits and rescue companies from hostiles takeover. On other hand it has brought more harm to companies especially through untimely corporate failures that have brought immense losses to various stakeholders. Also the improper use of such creative accounting practices had fooled both auditors and regulators in the past and it continues to do the same. The complex and diverse nature of the business transactions and the latitude available in the accounting standards and policies make it difficult to handle the issue of creative accounting. It is not that creative accounting solutions are always wrong. It is the intent and the magnitude of the disclosure which  determines its true nature and justification. Revenue recognition can as a tool can enhance both advantage and disadvantages of creative accounting. When Revenue recognition applied on genuine transaction and company end up with good results it enhance the advantages of using creative accounting practices but the worse of it is when it is used to recognize revenue on artificial transactions and fictitious transactions, this end up landing the company into crisis like ENRON, this is disadvantages of practicing creative accounting. REFERENCE 1. The Accountant. The Journal of the National Board of Accountants and Auditors Tanzania.No.4 October-December,2010 2. The Journal of the National Board of Accountants and Auditors Tanzania.Vol.25 No.28 April-June 2012 3. The Wall Street Journal, February 6, 2001 4. Oriol,Amat:Journal of Economic Literature classification: M41.Creative Accounting: Nature, Incidence and Ethical Issues