Thursday, October 31, 2019

Genocide in Sudan Essay Example | Topics and Well Written Essays - 1000 words

Genocide in Sudan - Essay Example This essay describes the events, that began when the African tribes of the Dafur region of Sudan rebelled against the Arab government in Khartoum. The government, led by the National Islamic Front, suffered initial reverses at the hands of the rebel groups, the Sudan Liberation Army and the Justice and Equality Movement. Tied down by the ongoing civil war in the South, Khartoum devised a vicious counterstrategy. A tribal Arab militia, was unleashed in Dafur with carte blanche to crush the rebels. Thus began one of the most diabolical campaigns in the history of mankind, aimed at wiping out the African tribes of Dafur. With a mortality rate of 450,000, this is an unequivocal instance of genocide which requires immediate action from the international community. Fact-finding missions, humanitarian agencies, and the media have all documented the atrocities. This essay discusses term genocide and analyzes hard facts. From media accounts to the heartrending testimonials of survivors, attes t that what is happening in Sudan is â€Å"a government backed campaign to wipe out a race†.The genocide in Sudan is there for all the world to see. Over three years of indifference, prevarication and self-interest has kept the world deliberately blind. In conclusion, the researcher states that the international community should not be held to ransom by considerations of political alignments or the dictates of the marketplace. After all, those 32,000 barrels of oil per day, which is Sudan’s output, do not have to be paid for with the blood of Dafurs’ Africans.

Tuesday, October 29, 2019

Advanced accounting Ch 1 solution Essay Example for Free

Advanced accounting Ch 1 solution Essay 1A business combination is a union of business entities in which two or more previously separate and independent companies are brought under the control of a single management team. Three situations establish the control necessary for a business combination, namely, when one or more corporations become subsidiaries, when one company transfers its net assets to another, and when each combining company transfers its net assets to a newly formed corporation. 2The dissolution of all but one of the separate legal entities is not necessary for a business combination. An example of one form of business combination in which the separate legal entities are not dissolved is when one corporation becomes a subsidiary of another. In the case of a parent-subsidiary relationship, each combining company continues to exist as a separate legal entity even though both companies are under the control of a single management team. 3A business combination occurs when two or more previously separate and independent companies are brought under the control of a single management team. Merger and consolidation in a generic sense are frequently used as synonyms for the term business combination. In a technical sense, however, a merger is a type of business combination in which all but one of the combining entities are dissolved and a consolidation is a type of business combination in which a new corporation is formed to take over the assets of two or more previously separate companies and all of the combining companies are dissolved. 4Goodwill arises in a business combination accounted for under the acquisition method when the cost of the investment (fair value of the consideration transferred) exceeds the fair value of identifiable net assets acquired. Under GAAP, goodwill is not amortized for financial reporting purposes and will have no effect on net income, unless the goodwill is deemed to be impaired. If goodwill is impaired, a loss will be recognized. 5A bargain purchase occurs when the acquisition price is less than the fair value of the identifiable net assets acquired. The acquirer records the gain from a bargain purchase as an ordinary gain during the period of the acquisition. The gain equals the difference between the investment cost and the fair value of the identifiable net assets acquired.

Sunday, October 27, 2019

Thermal Conductivity In Physical Engineering Engineering Essay

Thermal Conductivity In Physical Engineering Engineering Essay Thermal Conductivity  is an essential physical property for designing engineering process and measuring the capacity of temperature exchange between heat and cold passing through a material mass. Techniques were developed to measure thermal conductivity in a various materials, Hence the objective of this work was to evaluate the feasibility of utilizing different methods for measuring thermal conductivity as well as construction of the experimental assemble to measure thermal conductivity of numerous materials with the aim of analysis of the experimental data. This paper illustrates the methods of the measurements of thermal conductivity and the process by which it will be brought to a successful culmination. The study of thermal conductivity is important for engineers to know the nature of thermal energy, temperature and how materials store thermal energy as well as to predict the performance of any given material over its lifetime in a specific application. Also to identify the thermal properties of material so as to assess the performance of certain material and develop efficient heat transfer materials for engines and spacecrafts. This project has been taken on board, due to a lack of information and research available on thermal conductivity measurements. Heat is transferred by three procedures which include Conduction, Convection and Radiation. It engages transfer of thermal energy from one place to another. Thermal conductivity is a significant parameter for the analysis of heat transfer through conduction. Conduction takes place due to the particle collision which results in the transfer of thermal energy. Thermal conductivity (k) is an essential property of a material and defined as amount of heat transferred in a unit thickness of materials in a direction because of change in temperature in constant boundary state in a direction perpendicular to the area of transfer. It is measured in watts per Kelvin per meter (WK-1m-1) and determines the rate of energy loss through a material. The project is titled as study of methods for measurement of thermal conductivity. The project will present the literature review about the methods as well as conducting an experiment to measure the thermal conductivity of different materials. In addition, a thorough analysis of the experimental data is to be obtained while performing the experiment. The aims and objectives of this report pursue as: Understanding of theoretical and experimental methods to measure thermal conductivity of solids, liquids and gases. Construction of experimental rig. A thorough analysis of the experimental data. DELIVERABLES 3.1 GENERIC DELIVERABLES Based on the module guide, the following are the generic deliverables for the academic year 2010-2011; Semester Title Start Date Submission Date Semester 1 Preliminary start Monday 27th September Submit Project Planning Report + Log Book Friday 26th November Semester 2 Dissertation start Monday 31st January Project seminars and poster Week commencing 11th April Submission of final report Thursday 28th April Table 2 Delivery dates set by Kingston University for entire project 3.2 PROJECT DELIVERABLES The objectives of the project have been identified and analysed to produce the following deliverables that will have been produced at the end of the project Construction of an experimental rig to measure thermal conductivity of selected material Analysis of the experimental Data Comparison of the results ANALYSIS OF TASKS The tasks that need to be executed in order to achieve the aims of the project, produce the deliverables on schedule and bring the project to a successful end are as follows: Literature review of conductivity methods Journals Books E-resources Research Conductivity methods of solids Conductivity methods of Liquids Conductivity methods of gas Construction of the experimental Rig Results Comparison A literature review will give an insight into various methods of conductivity. Journals, books and other forms of resources will be used to get an understanding of current concepts of methods and recent modifications (Advantages, disadvantages and limitation). This will form the base of the construction of the experimental rig. Once the technique is selected to perform, various materials will be used to determine their conductivity and hence, the data obtained will be analysed. GANTT CHART A timeline/Gantt chart should be produced, showing the sequence and duration of the tasks over the project lifetime. A set of key milestones by which the project progress can be monitored may also be produced. Figure 1 Illustrate an Inital Gantt Chart PROGRESSION TO DATE As of 26/11/10 the project is at the beginning of the research phase. The literature review has been completed by looking into journals and online resources. The information gathered has been on advantages, disadvantages, limitation, process and setup of the conductivity measurement techniques. I have gathered and read a number of journals relating to conductivity measurements. 6.1 METHODS TO MEASURE THERMAL CONDUCTIVITY OF SOLIDS In solids, particles are packed close together by chemical bonds. As heat is transferred, the particles gains energy which results in increase in kinetic energy and particles vibrate against theneighbouring particles causing transfer of energy between the particles. Increase in temperature causes increase in thermal conductivity because of the mobility of boundless electrons. Heat energy is transferred in solids by means of lattice waves, electrical carriers and electromagnetic waves. In metals, the heat is largely transferred by electrical carriers whilst in insulators lattice waves carry large amount of heat. The change in magnitude and temperature of thermal conductivity of solids is due to the dislocations, imperfections of lattice forces and interface between lattice waves and carriers. However the change of thermal conductivity varies depending upon materials. A summary of different techniques to measure thermal conductivities is shown on next page. C-THERM TCi SYSTEM TRANSIENT PLANE SOURCE METHOD HOT-WIRE METHOD NEEDLE PROB METHOD Figure 2 Summary of Techniques to measure thermal conductivity of solids Transient Techniques Methods to measure thermal conductivity of solids Steady State Techniques Comparative Method Pipe Test Method Cut Bar Method Guarded Hot Plate Method 6.1.1 HOT-WIRE METHOD It exists in three forms which include single, crossed resistive wires and two parallel wires distant apart. It is utilized to measure thermal conductivity of refractories and takes several assumptions into account which pursue as: Isotropic Material with Uniform preliminary Temperature Figure 3 Setup of Hot-Wire method (2010, Home, [Internet], Available at: http://www.tpl.fpv.ukf.sk/engl_vers/hot_wire.htm , accessed on 8 October 2010)Hot wire an ideal, infinite thin, and long line heat supply Thermal Conductivitycan be determined by temperature vs. time response (K) due to production of heat flux (q) in the wire surrounded in the sample. Equation 2 Measurement of thermal Conductivity using Hot-Wire Method Advantages Disadvantages Precise Extensive Procedure of measuring at specified temperature Simplistic in Configuration Not utilized to measure thermal conductivity of anisotropic material Short Duration in Measurement Expertise required Table 3 Advantages and Disadvantages of Hot-wire Method 6.1.2 NEEDLE PROB METHOD It is utilized to measure thermal conductivity of materials as well as thermal diffusivity and specific heat. It has the ability for in-situ measurements and effective contact of the sample with a single tiny gap. When measuring the thermal conductivities of solids, samples are outfitted with hole machined in order to enclose probe diameter whilst measuring liquids, probes are pushed into the samples that are to be tested. This method consists of hollow tube functioning as heat supply element and temperature sensor estrange by means of medium with high thermal conductivity and electrical insulation to ensure minor difference of radial temperature within the probe. 6.1.3 TRADITIONAL TRANSIENT PLANE SOURCE METHOD (TPS) Figure 4 Apparatus of TPS (2010, Home, [Internet] Available at: http://www.ask.com/wiki/Thermal_conductivity_measurement , 10 October 2010)It is also acknowledged as Hot Disk Method and has several advantages such as accurate, comprehensiveness and ease of application. It consists of a flat sensor along with continuous double spiral of electrically conducting nickel metal etched out of thin foil and clad between two layer of kapton which provides mechanically stability and electrically insulation to the sensor. The rise in temperature is caused when current passes through nickel spiral and heat formed is dispersed by sample. Thermal conductivity is measured by recording temperature vs. time response in the sensor. In addition, modified traditional transient plane source method imparts maximum flexibility for scrutinizing thermal conductivity of liquids and powder and sustain heating element on a support. It utilizes single surface interfacial heat reflectance sensor that provides constant heat to the sample and functions temporarily. 6.1.4 TRANSIENT LINE SOURCE METHOD (C-THERM TCi SYSTEM) It is the infinite line source with constant power per unit length and identical in principle to Hot-wire method. In order to determine temperature at a certain distance the following equation was taken into consideration: Equation 3 Measurement of temperature using C-Therm TCi System where: Q = Power per unit Length E = Exponential Integral t = Time Passed since Heating 6.1.5 PIPE TEST METHOD Figure 5 Apparatus of Pipe Test Method (2010, Home, [Internet], Available at: http://www.evitherm.org/default.asp?lan=1ID=894Menu1=894 , 13 October 2010)It is identical in concept to the guarded hot plate method. It consists of a central heater which contains a cylinder placed in such a way that the heater achieves a constant temperature by means of alteration in spacing of windings in the heater in permutation with the utilization of concise split guard heaters at the ends. It can operate horizontally and vertically by situating the apparatus in a stable environment. It employs radial flow to determine thermal conductivity of minerals, plastics etc. 6.1.6 COMPARATIVE TECHNIQUE Figure 6 Apparatus of Comparative Technique (2010, Home, [Internet], Available at: http://www.evitherm.org/default.asp?lan=1ID=893Menu1=893 , 15 October 2010)A test specimen is crammed under load flanked by two reference materials; each is bounded by longitudinal guard cylinder. This results in production of temperature gradient along with the stack as well as longitudinal heat flows as consequences of temperature gradient in the guard cylinder to that in specimen stack. Therefore, the thermal conductivity is measured by recording the difference in temperature across the reference and test specimen. It has several advantages which pursue as: Versatile Simple in implementation Adaptable It is also known as the workhorse of the thermal conductivity field and can be utilized to measure homogenous and heterogeneous composite solids. 6.1.7 GUARDED HOT-PLATE METHOD Figure 7 Apparatus of Guarded Hot Plate Method (2010, Home; [Internet], Available at: http://www.azom.com/details.asp?ArticleID=2667 , 16 October 2010)The test material is positioned on a flat plate heater with electrically heated inner plate surrounded by guard heater. Its function is to maintain similar temperature at both sides of the gap extricating the main and guard heaters as a result, prevention of lateral heat flow and heat energy flows in the direction of sample. Calculated direct current is functioned to the hot plate and numerous temperatures across cold plates and heater is controlled in order to give off constant temperature at the sample surfaces. Hence, the accuracy of thermal conductivity measurements is dependent on conservation of constant temperature conditions and is measured by Fourier heat flow equation: Equation 4 Measurement of Thermal Conductivity using Guarded Hot plate method where: W = Electrical Power Input dT = Difference in temperature across the specimens d = Sample thickness 6.1.8 CUT-BAR TECHNIQUE Figure 8 Apparatus of Cut-Bar Technique (2010, Home, [Internet] Available at: http://www.anter.com/TN67.htm , 17 October 2010)It is utilized for axial thermal conductivity measurements. An unknown thermal conductivity disk sample is sandwiched between two known thermal conductivity cylinder metal brass by thermal grease and pliable metal in order to reduce interfacial thermal between the cylinders. In addition, a thermocouple situated along the three material pieces produces information on the rate of heat flow by the two known thermal conductivity. Hence, thermal conductivity is calculated using the following equation: Equation 5 Measurement of thermal Conductivity using cut-bar technique There are some other techniques to measure thermal conductivity of solids which include: Steady-State techniques Transient Techniques Four-Probe Method Laser Flash Method Guarded Heat Flow Method Angstrom Method Heat Flow Meter Method Photo thermal Method Transient Hot Strip Method Table 4 Other Techniques to measure thermal conductivity of solids 6.2 METHODS TO MEASURE THERMAL CONDUCTIVITY OF LIQUIDS Liquids particles are situated in a cubic lattice, as energy moves from a single lattice plane to the following at a speed at which sound passes through the liquid of interest. Thermal conductivity can be estimated using Bridgemans equation: Equation 6 Bridgemans Equation where: N = Avogadros Constant = (6.023 x 1023) K = (Boltzmanns Constant) = (1.3807 x 10-23 J/K) V= Molar Mass = M/à Ã‚  = Speed of sound through fluid sample A summary of different techniques to measure thermal conductivities of liquids is shown on next page. LASER FLASH METHOD HOT-WIRE METHOD DIFFRENTIAL SCANNING CALORIMTER TRANSIENT TECHNIQUES 3 OMEGA METHOD STEADY STATE TECHNIUQES RADIAL HEAT FLOW APPARATUS CALORIMETER PHOTOPYROELECTRIC DEVICE METHODS TO MEASURE THERMAL CONDUCTIVITY OF LIQUIDS Figure 9 Techniques to measure thermal conductivity of liquids 6.2.1 HOT-WIRE METHOD The apparatus consists of hot-wire cells utilizing electrically insulated hot wires dependent on an electrically conducting fluid. Wires of minute diameter are immersed within the fluid and utilized simultaneously as an electrical resistance as well as resistance thermometers, thus to enable calculation of the increase in temperature due to the resistance heating. Thermal conductivity is determined using the same process as mentioned above. Finite dimensions of the fluid can be improved, however modification to the finite dimension of wire can be reduced by utilizing minute hot-wires. 6.2.2 3-OMEGA METHOD Its features include a heating frequency (of 10 KHz), direct measurement of thermal conductivity and temperature range of -190 to 500. It comprises of alternating current and lock in amplifier to estimate thermal conductivity of the dielectric materials directly. Advantages of 3-Omega Method are being precise and fast. Thin metal situated on the specimen, an alternating current with frequency à Ã¢â‚¬ ° exceeds via strip causing heating of the material and measurement of voltage v (t) simultaneously. In addition, assumption of the heat flow along the cross plane axis of the film results in determination of the thermal conductivity using the following equation: Equation 7 Determination of thermal conductivity using 3 Omega Method where: P1 = Power b = Width of the strip =Increase in temperature oscillation of the strip 6.2.3 LASER FLASH METHOD A liquid sample is sandwiched between a minute thin metal disk and a sampler holder. Sample holder minimizes thermal contact with the sample plus suppresses stray light transmitted from the laser to the IR detector. At the time when the laser beam is taken in the front surface of the metal disk, the heat flows downward through liquid sample and temperature rises. Thus, thermal conductivity can be estimated by the disks foil temperature without measuring the thickness of the sample liquid layer and reference material. 6.2.4 DIFFERENTIAL SCANNING CALORIMETER (DSC) It is a linear heating process that has super imposed sinusoidal oscillation which yields in cyclic heating of the sample. Advantages of the method pursue as: Short Analysis time No instrument modification Figure 10 Apparatus of DSC (2010, Home, [Internet], Available at: http://pslc.ws/macrogcss/dsc.html, 1 November 2010) http://pslc.ws/macrogcss/dsc.html Small thermal gradient across the sample Experiment is performed in a non-adiabatic surrounding; numerous unknown specimens with identical length and cross sectional areas are formed. Furthermore, known specimens with their conductivity and a density supplied to the unknown specimen are formed with identical length and cross sectional to the unknown specimen. Each specimen is subjected to an equal amount of rise in heat to estimate the specific heat capacity. Therefore, the thermal conductivity obtained is: Equation 8 Measurement of thermal conductivity using DSC where: D = diameter of the specimen M = Mass of the specimen = Specific heat capacity 6.2.5 CALORIMETER A device designed to overcome the effects of convection that Prevents accurate measurement of liquids conductivities. Measures organic liquids conductivity rapidly and has several advantages which follow as: Short time measurement Accuracy Constant current passes via thermistor which functions as a heating element immersed in the liquid sample. As conductivity varies with liquid, the rate of temperature varies with liquids. Hence, thermal conductivity is inversely proportional to rate of temperature change. 6.2.6 RADIAL HEAT FLOW APPARATUS Figure 11 Apparatus of Radia Heat Flow (2010, Home, [Internet], Available at: http://www.scielo.br/scielo.php?pid=S0104-66321999000400009script=sci_arttext, 27 October 2010)A steady-state technique which offers variation of conductivity under pressure as well as absolutes values of conductivity. It is fast and requires a small pressure gradient. Liquid sample is situated between two concentric cylinders (brass and Pyrex glass construction), the axis of the inner cylinder acts as a supply of heat which flows out radially crossways the layer of fluid. Measurements of difference in temperature between inner and an outer surface of the layer of the fluid are taken to obtain thermal conductivity. 6.3 METHODS TO MEASURE THERMAL CONDUCTIVITY OF GAS Figure 12 TCD to measure thermal Conductivity of Gas (2010, Home, [Internet], Available at: http://www.scielo.br/scielo.php?script=sci_arttextpid=S0103-50532004000600009, 2 November 2010) Thermal conductivity detector (TCD) is utilized to measure thermal conductivity of gas by pulse injection. Heat is transmitted from hot to cold element by way of thermal conduction passing through the carrier gas. However, the difference in temperature between hot and cold element is maintained. Due to the thermal flow energy into the gas medium thermal gradient is generated. The power need to heat the hot element is a direct evaluation of the electrically signal output for the thermal conductivity. DISCUSSION As mentioned above, the project is currently at the beginning of the research phase. Investigation into the areas described above is vital as the information gathered will have implications on the selection of the technique for the experiment. The project objectives should be met on schedule as there are not any limitations restricting the project from completion. Whilst performing the experiment in the near future, there may be some timing conflicts as there will be other students using the same machinery in the workshop but as enough time is allocated for the task in hand there should not be any difficulty in completing the objectives. Although there may be some complications when obtaining results, however with the knowledge and experience available via the lab technicians any problem(s) shall be duly addressed. CONCLUSION In conclusion the project aims and deliverables have been identified and the required tasks needed achieve the aims and produce the deliverables have been identified and discussed. An initial Gantt chart has been drawn up to illustrate the sequences and durations of the tasks to be completed. It can be seen that the performance so far is coincident with the planned set of activities for this time period within the Gantt chart. As a result, it is expected that the project is likely to be completed on time.

Friday, October 25, 2019

Custom Essays: Fortinbras and the Good Life -- GCSE Coursework Shakesp

Fortinbras and the Good Life  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚   Hamlet lives only part of the good life. He dies. Laertes lives only part of the good life. He dies. Fortinbras lives the good life. He becomes the king. The ultimate fates of these three characters describe how close each of them come to the good life. Hamlet and Laertes are at the edge of two extremes, while Fortinbras is somewhere in between. In a sense, not living the good life causes the demise of both Hamlet and Laertes, physically as well as mentally. In contrast, living the good life allows Fortinbras to become the king of Denmark and live out the rest of his life in peace. These three characters play out three very different aspects the good life; only Fortinbras lives the good life. The good life is one of overcoming obstacles, being true to oneself, and combining reason with emotion. The ability to deal with extreme losses--and even losses that are not so extreme--is a necessary part of anyone's life. Life is never perfect; all humans must deal with that state of imperfection. Hamlet is totally incapable of dealing with the death of his father, a major setback in his life. His state of mourning, at the beginning of the play, is not intrinsically terrible, as all humans must mourn the deaths of loved ones at some point in time. However, when Hamlet takes this mourning to extreme depression, saying of his father, "'A was a man, take him for all and all, / I shall not look upon his like again" (1.2, 187-188), he is implicitly telling the audience that it is beyond his capacity to cope with his father's death. In this admission, he is denying the first component of the good life: working through the difficult times in life. In his efforts to make his coping easier, and fo... ...onstructs of society. Anything else would be uncivilized. Works Cited Erlich, Avi. 1977. Hamlet's Absent Father. Princeton: Princeton University Press. Fineman, Joel. 1980. 'Fratricide and Cuckoldry: Shakespeare's Doubles.' In Representing Shakespeare: New Psychoanalytic Essays, edited by Coppelia Kahn and Murray M. Schwarz. Baltimore and London: The Johns Hopkins Press, 70-109. Fleissner, Robert. 1982. ' "Sullied" Or "Solid": Hamlet's Flesh Once More.' Hamlet Studies 4:92-3. Fowler, Alastair. 1987. 'The Plays Within the Play of Hamlet.' In 'Fanned and Winnowed Opinions': Shakespearean Essays Presented to Harold Jenkins, edited by John W. Mahon and Thomas A. Pendleton. London and New York: Methuen. Freud, Sigmund. 1953-74. The Standard Edition of the Complete Psychological Works. 24 vols, trans. James Stachey. London: Hogarth.      

Thursday, October 24, 2019

Frameworks Childcare Unit 10

The different frameworks for children up until the age of 16 years the follow the national curriculum and the early years foundation years is the age between, from birth-5 year old and the national curriculum is ages between 5-11 years. It is mandatory for all the schools and early years settings in ofsed registered settings to follow the early year’s foundation stage. The national curriculum is broken down into four different key stages at the end stage there are SATS which are statutory assessment.The early year’s foundation stage The early year foundation stage the aim is to provide learning through play for example it is important for ever child to be equal and to be a unique child it is also important to have a relationship with the parents and for the children welfare is paramount. Review your environment to ensure that it is interesting, attractive and accessible to every child so they can learn independently.The national Curriculum The national curriculum is man datory for all schools between 5-11 years old, the compulsory national curriculum subjects are for key stages 1 and 2 which are English, maths, science, design and technology, ICT, history, geography, art and design, music and physical education these are measured for children’s progress compared to all pupils across the country.How the EYFS are used by practitioners to support learning The job of the practitioners is to develop the six areas of learning by using observations on the children. To observe them to show how much progress they have made and what learning groups they can go into for the best of there ability. It is important that the practitioners use ratios because they can keep to the routine better and provide emotional security.It is also important that practitioners use planning to meet individual needs and to view the child holistic view of the Childs development. It is important that you plan activities for the children and have a range of toys for all ages and to cover the six areas of learning stages. How the National Curriculum is used by teachers to support learning The role of the teacher is to enforce the national curriculum and ensure that all children have all the same opportunities to work to there best ability.It is important to have enough supervision and it is also important for all the children to have a key worker which would be the teacher of the class which will be there to teach the children all types of activities for example, maths, writing, physical activities, and creative activities. Also it is important that the teacher does planning, for example plan the activities that you are going to teach the children for the week which is called a short term plan and also plan for the month or the year which is called long term planning.

Tuesday, October 22, 2019

Free Essays on Wal-Mart Tire And Lube Observation Evaluation

I chose to observe and evaluate a Wal-Mart Tire and Lube customer service representative. On February 16, 2002, I went to the Wal-Mart store in Upstate New York to change both of the tires on the front of my car. At around 4:45 PM, I walked up to the Tire and Lube department counter inside of the store. A customer service representative, Linda, proceeded to assist me with my purchase. While my order was being worked on, I observed Linda while at work. I was able to observe Linda, while she was taking care of about six customers. For this observation report, I chose to evaluate this worker on the following criteria: Politeness - how polite she is with customers and her coworkers? Interest - does her job seem to be interesting or boring to her, and her reaction to performing tasks for her job? Speediness - her pace of performing tasks for her job. Knowledge - how knowledgeable she is about her area of work? Cleanliness - how clean she is dressed and how clean her workspace is? Organization - how organized her desk and her papers are? Personality - how well she interacts with customers and coworkers? Interaction with coworkers - how well she interacts and works with her coworkers? Efficiency - how efficient she is with performing tasks for her job? Laziness - if she is lazy or not while at work (if yes, then how lazy?). Most customers that were assisted by Linda had smiles on their faces; they also smiled while talking with her. All customers seemed very satisfied with her help and had all of their questions answered. While taking orders, Linda was very polite with customers and listened well to what the customers had to say. She appeared very interested in her job and helping people find, order, and buy what they needed. Despite taking her time helping customers, Linda worked in a very proficient pace and did not take any breaks or deep breaths in between the orders. She also seemed to be very knowledgeable and experienced in this lin... Free Essays on Wal-Mart Tire And Lube Observation Evaluation Free Essays on Wal-Mart Tire And Lube Observation Evaluation I chose to observe and evaluate a Wal-Mart Tire and Lube customer service representative. On February 16, 2002, I went to the Wal-Mart store in Upstate New York to change both of the tires on the front of my car. At around 4:45 PM, I walked up to the Tire and Lube department counter inside of the store. A customer service representative, Linda, proceeded to assist me with my purchase. While my order was being worked on, I observed Linda while at work. I was able to observe Linda, while she was taking care of about six customers. For this observation report, I chose to evaluate this worker on the following criteria: Politeness - how polite she is with customers and her coworkers? Interest - does her job seem to be interesting or boring to her, and her reaction to performing tasks for her job? Speediness - her pace of performing tasks for her job. Knowledge - how knowledgeable she is about her area of work? Cleanliness - how clean she is dressed and how clean her workspace is? Organization - how organized her desk and her papers are? Personality - how well she interacts with customers and coworkers? Interaction with coworkers - how well she interacts and works with her coworkers? Efficiency - how efficient she is with performing tasks for her job? Laziness - if she is lazy or not while at work (if yes, then how lazy?). Most customers that were assisted by Linda had smiles on their faces; they also smiled while talking with her. All customers seemed very satisfied with her help and had all of their questions answered. While taking orders, Linda was very polite with customers and listened well to what the customers had to say. She appeared very interested in her job and helping people find, order, and buy what they needed. Despite taking her time helping customers, Linda worked in a very proficient pace and did not take any breaks or deep breaths in between the orders. She also seemed to be very knowledgeable and experienced in this lin...

Monday, October 21, 2019

Male and Female Spatial Ability Essays

Male and Female Spatial Ability Essays Male and Female Spatial Ability Essay Male and Female Spatial Ability Essay One theory developed by psychologists working within the biological approach is the idea that males have better spatial ability than females. Spatial ability is the ability to mentally manipulate 2-dimensional and 3-dimensional figures. One way in which spatial ability can be operationalised is in the form of mental rotation test. A mental rotation test requires participants to identify rotated versions of a target stimulus. Mental rotation usually takes place in the right cerebral hemisphere, in the areas where perception also occurs. Mental rotation can be separated into the following cognitive stages (Johnson 1990): 1) Create a mental image of an object 2) Rotate the object mentally until a comparison can be made 3) Make the comparison 4) Decide if the objects are the same or not 5) Report the decision. See below for an example. Shepard and Metzler (1971) have identified sex differences in performance on mental rotation tasks. Males perform better than females (faster and making less mistakes). For this piece of research a quasi experiment is conducted because the variable that makes one group different from the other is gender i. . one condition will be male and the other condition will be female. Since gender is something that cannot be altered, the groups are pre-determined by their biological sex, therefore making it a naturally occurring variable. Any experiment that involves the investigation of a variable like the effect of gender on behaviour is called a quasi experiment because the conditions to which p articipants are assigned is based on a natural phenomenon. In a quasi experiment the independent variable is decided by something beyond the experimenter’s control. The aim of this study is to conduct a partial replication of Shepard and Metzler (1971)) research in order to investigate whether sex differences exist between males and females for spatial ability. The research question is: ‘Do males have better spatial ability than females? ’ Based on previous research the experimental one-tailed hypothesis is: ‘Males complete mental rotation tasks more quickly than females’. A one-tailed hypothesis of difference is predicted because of previous findings. The Null Hypothesis is: ‘There will be no difference between the performance of males and females on a mental rotation task’. Operationalising the variables The independent variable is naturally occurring and is simply whether the participants is male or female. Spatial ability, the dependent variable, will be operationalised using a simple mental rotation task. Participants will be required to mentally rotate pictures of objects in order to match each picture with one of six other pictures that show objects mentally rotated in a different position. Participants (10 males and 10 females) will be required to choose the correct match from a selection of six different possibilities. There will be ten separate trials. The ten trails of each participant will be timed, in seconds, and an average time calculated for the completion of each trial. See figure 2 before for an example. Participants: 20 participants took part in the study. They were recruited using an opportunity sample. This method of sampling simply involves asking people to take part who are easily available at the time of study. In this case it was a collection of year 12 and 13 psychology students from three different classes. 10 females and 10 males took part ranging in age from 16-18 year. To follow ethical guidelines full informed consent was obtained from each participant. This detailed the purpose of the study and explained that all results would be kept entirely confidential and participants could withdraw from the study at any point. Participants could withhold their results from the mental rotation task if they wished. Controls Because the study is a laboratory experiment, controls can be put in place to prevent confounding variables affecting the results. It is therefore possible to be more confident that any difference between the results of the males and females is only due to their gender. Controls in this experiment included ensuring that all participants undertook the task in silence. All participants took the test in the same school computer lab and at the same time of day (Between 1:00 and 2:00pm). All participants were of a similar age and all participants did exactly the same task. Participants were seated a desk apart so they could not copy each others answers. Design As there are two groups of different participants, one male and one female, to compare times between groups the research design is an independent groups – each participants is only in one group (condition). Procedure A pilot study was conducted with 5 students not taking part in the study. This enabled the researchers to check the timings involved in administering the mental rotation test and also to check that everything ran smoothly. The study also enabled the researchers to perfect the wording of the standardised instructions. For the main study 10 male participants sat at separate desks in the computer room with the mental rotation programme loaded. Participants read and signed a consent form. The experimenter then read from a standardised set of instructions explaining the procedure and giving permission for participants to begin the 10 mental rotation trails when they were ready. Sitting next to each participant was a research assistant on hand to time the task. In their own time participants began the task – matching a 2D object with one of six other mentally rotated objects. This was completed in silence. After all participants had taken part a full debrief was read out to all participants, explaining the details of the research. All participants were told they could review the findings when the data had been analysed. Results The mean score (measured in seconds) for each participant can be seen below. The mean is one measure of central tendency. If a sensitive value because all scores are taken into however this may cause the value to be skewed if there are outlying values. The mean time to complete each mental rotation trial for males was 5. 84 seconds compared to 7. 73 seconds for females. This means that males completed each on average 1. 89 seconds faster than their female counterparts. This data is represented in a visual form in the graph below which shows an observable difference between males and females. Inferential statistics To test whether there is a significant difference between the sets of scores an inferential statistical test needs to be undertaken. This tests the probability of whether the difference between males and females is due to chance or whether the difference is due to the independent variable. An inferential statistical test is used to test the significance of the results, which will indicate whether to accept or reject the null hypothesis. Inferential statistics will indicate the probability that the results are due to chance. If the probability of the results being due to chance is high you cannot reject the null hypothesis and must assume that there is no difference between the spatial ability of males and females. However if the probability that the results are due to chance is very low (say 5% or P lt; 0. 05) you can reject the null hypothesis and therefore accept the experimental hypothesis and thus assume that there is a real significant difference between the spatial abilities of males and females. When doing an inferential statistical test on the data one must select the appropriate test. To do this you must look at: 1) the type of data collected (level of measurement), 2) the research design of the experiment and 3) whether the research is looking for a difference or a relationship (correlation) between sets of data. For this experiment the correct test to use is a Mann-Whitney test because 1) the data gathered is ratio data, 2) the research design is independent groups and 3) we’re looking for a difference between sets of scores for two different groups of participants. The results of our Mann Whitney Test produced a U value of 19. 5. Because this is less than the critical value (23) from the statistical table the results are significant. Therefore the null hypothesis is rejected and the experimental hypothesis is accepted. This means that we have found support for the idea that males do have better spatial ability than females, but it does not prove it. The results are due to a real effect of the independent variable on the dependent variable. Conclusion One can conclude from the above research that males perform mental rotation tasks more quickly than females. The experimental hypothesis is accepted ‘Males complete mental rotation tasks more quickly than females’. However this conclusion should be considered in light of the issues described below. Issue of Validity The mental rotation is not really a true reflection of how we normally use spatial information in everyday life e. g. when driving, writing and many other everyday activities. As such this experiment may be considered to be low in ecological validity. The test is not a particularly realistic test of spatial ability as the mental rotation task is only looking at one very specific type of spatial ability. Validity may also be questioned because of the controlled, artificial setting used. Participants knew that their performance was being monitored and this may have influenced their behaviour. Males are possibly more competitive when they know they are being watched which may explain why males performed better than females. (There may be more of a social facilitation effect for males compared to females). Other threats to validity may come from demand characteristics i. e. males may respond more to demand characteristics that females or males may respond more to experimenter effects than females. All these alternative explanations as to why males may perform better than females threaten the validity of the study. Reliability Each person who took part in the study had their spatial ability measured using the same test scored in exactly the same way, so the internal reliability (consistency) is good. The findings are externally reliable in the sense that they produced a consistent finding to that of previous research. The fact that the study can be easily replicated, partly because it is a laboratory study, means that the reliability can be tested. Generalisability Only having 10 participants in each group all of whom are between 16 and 18 years of age and from Enfield, is not a broad enough sample to make generalisation about populations beyond the sixth form where the study took place. A larger more representative sample is needed to be able to make more confident generalisations to a wider population. Since all students are studying A-levels they do not represent the academic abilities of all students and hence the sample is not fully representative. Credibility The overall credibility of the experiment may be questioned as the research took place in an artificial setting and the results could have been the result of where and how the experiment was conducted rather than the result of the difference between males and females in terms of spatial ability. Because the experiment may have validity issues plus problems with generalisation caused by the limited and unrepresentative sample many psychologists would argue that the results lack credibility. More evidence may therefore be needed to support the hypothesis that males have better spatial ability than females.

Sunday, October 20, 2019

No Culture Is an Island Essays

No Culture Is an Island Essays No Culture Is an Island Essay No Culture Is an Island Essay No culture is an island means, cultures aren’t bound to say in one area as it’s stuck on an island. It influences people to people, community to community, country to country. All human interaction is influenced to some degree by the cultural, social, and physical settings in which it occurs. It’s given that culture powerfully influences thoughts, emotions and behaviors. Every person’s culture is his own mindset that they develop during childhood grooming and socialization.Social Change, every culture has its own lifestyle the way people dress, what roles genders have, what role children have and what they do in their leisure time. But the culture is influencing social change on other parts of the world too. As it’s the 21stcentury media helps people in other parts of the world to observe and most of them feel attracted to because it’s new to them and adopt in their culture.Example Jeans was a western culture gradually with time passing by rest of the world got familiar with it and now it’s been adopted in almost every culture. Arts, by arts I mean music, theatre and their creator/performers. They have a big influence on people all over the world. If they are really famous some people set celebrities as there role model and start adopting their cultures. The world come to knows what other cultures exist through Arts. Hollywood had a big role in changing cultures all over the world.The influence of Musicians and Actors is effective and brings a change in their fans culture really quick. Technology, now a day’s same technology is being used all over the developed and developing countries. Again I would say media helps spread the news that what types of technology is out there and rest of the world tries to obtain it and adopt it, because no one wants stay behind in the matter of technology and the people who adopt the new technology helps them compete with the world.

Saturday, October 19, 2019

Identify several reasons entrepreneurial organizations seek Essay

Identify several reasons entrepreneurial organizations seek opportunities for innovation - Essay Example izations seek an innovation opportunity is because since they are new and bringing a sense of change within them, finding new pathways is quintessential towards their basis. If they do not change, they might become stagnant within their tasks immediately and hence their work domains would suffer immensely. The need is to pinpoint where anomalies are and how best to get rid of them. The aspect of newness must not appear as a deterrent towards completing tasks in an able and effective way. This is the need of the hour as far as the entrepreneurial organizations are concerned and more so today. The second reason belongs to the employees since they are not well aware and require new avenues for help and assistance as far as their work manifestations is related. As they are a part of an entrepreneurial organization, they might not be at ease with a number of work tasks which other employees from varied organizations are already educated about (Prabhu, 1999). Hence innovation helps their cause to move ahead with full throttle and at breakneck speed. The employees must be trained and if this training does not come about under the aegis of the entrepreneurial organization, they could be sent off to other training institutes or organizations so that when they come back, they are well aware of how entrepreneurial organizations essentially work and what is expected of them in the long run. The third reason why entrepreneurial organizations require innovation is because they have to follow the footsteps of their competitors which could both be huge organizations as well as small companies. The need is sought to compare the domains of this entrepreneurial organization with these other business regimes to solicit success within their own realms. If the competitors are far ahead of these entrepreneurial organizations, then this means that the latter have to make amends, and for that they must go to any limit to make sure that their progress and development is manifested in a

Friday, October 18, 2019

Learning outcomes Essay Example | Topics and Well Written Essays - 3000 words

Learning outcomes - Essay Example Link lifestyle and what is happening) In a decade’s time (1991-2001), the diagnosis of self-reported diabetes increased 61% in the US (Mokdad et al, 2003) including a startling increase from 1990 to 1998 among people in their 30s (Mokdad et al, 2000). Accounting for roughly 95% of all diabetes, type 2 diabetes is associated with obesity and weight gain (Mokdad et al, 2001), which is also increased over the same time period. One projection is that the 11 million residents that have been diagnosed with diabetes will increase to 29 million in 2050 (Boyle et al, 2001). The escalating prevalence of type 2 diabetes portends serious consequences for the quality of life of those affected and their families and communities. To stem the rising tide of diabetes, public health policies need to move upstream toward prevention or at least delay in the onset of type 2 diabetes. A number of scientific studies offer scientific evidence and new hope for curtailing the epidemic of type 2 diabetes with support for intensive lifestyle modification and modest weight loss as effective interventions among adults at high risk for developing type 2 diabetes (Diabetes Program Research Group, n.d.; Pan et al, 1997; Tuomilchto et al, 2001). The transitional state in the natural history of diabetes when impaired glucose tolerance (IGT), impaired fasting glucose, or both are present has recently become known as â€Å"pre-diabetes† which affects 12 million overweight Americans between the aged 45-74 years (Benjamin et al, 2003), also raising their risk for cardiovascular disease (American Diabetes Association, 2002). Detection of pre-diabetes is not a goal for most diabetes screening programs (Rolka et al, 2001), but the lengthy development period diabetes, coupled with the potential to prevent or delay the onset of type 2 diabetes, offers an opportunity for multifaceted prevention efforts. Distinct preventive medicine strategies have been presented by Rose (1985) as follows: 1) the

Executive Briefing Paper Essay Example | Topics and Well Written Essays - 1000 words - 1

Executive Briefing Paper - Essay Example A mentor can be one of employees with vast experience (in-house) or might hire a professional hired from outside the company (external) to provide guidance to employees of an organization (Lord, Atkinson, and Mitchell 2008, 16-17). Regardless of the type of mentor used, both act as role models to the employees of an organization by providing them with professional advice and guidance through which they can improve in their line of work. Research indicates that the mentorship in an organization has many benefits attached to it, which is why many organizations are eager at developing the culture. Costa Coffee is one of the U.K. companies that may benefit greatly by adopting such a culture following its number of employees who require more training for the ever-expanding business outlets that offer more challenging environment which require a high level of professionalism. This paper is an executive briefing to the management of Costa Coffee on the benefits likely to accrue to the company by adopting a mentoring culture. As earlier stated, many companies are making moves towards developing a mentoring culture within the organization. This company does so because they have realized the numerous benefits that are attached to mentoring culture according to Spencer (1999, p.8-10). Firstly, mentoring is beneficial since it is a cost effective means of training many employees so as to improve their experience. This is particularly beneficial for Costa Coffee, which has many employees spread from different stores that may require more training so as to improve them professionally (Dana 2010, p.8). The method is cost effective in the Costa Coffee will not have to send its employees for a seminar or training workshop to get training. Instead, the company can have the option of choosing a mentor from within who may be an employee with a wealth of experience in line with the area that requires more training (Lord, Atkinson, and Mitchell 2008, 16-17). Alternatively, Costa

Small Business Essay Example | Topics and Well Written Essays - 500 words

Small Business - Essay Example The major advantages are that a franchisee is able to establish and operate a well established business in a new area where the whole marketing system inputs and guidelines are provided by the franchisor on a continuous basis. The franchisee is able to start business with a relatively small initial investment that has prospects of good return with immediate effects. The recurrent training and proven marketing strategies provided by the franchisor boost the confidence of the franchisee and help him to expand his business significantly. The main limitations are the loss of independence in running the business as one wants and restriction in the operational area comprising mainly of the goods and services that can be sold in specific areas. Other conditions like the restrictions on resale of franchisee rights and the individual advertising efforts are hurdles that restrict further scope for the franchisee. The main advantages of franchisor are that they are able to expand their business and spread them in wider areas of operation in a relatively short time and with reduced capital cost. By facilitating goods and services to the franchisee, the franchisor is relieved of the pressures of day today operation and therefore is better able to focus on his core business and developing network activities and franchisee support programs and strategies. The major aspect is that he is able to control the appearance and operation of the franchisee outlets as per his standards, thereby help maintain the credibility and high standard of his brands. The limitations of the potential franchisor are that it needs to keep updated with the training and strategies for its franchisee to meet the emerging challenges of the advancing technologies. Though the profit margins are considerably reduced but the widening network of franchisee, selected judiciously, help increase the overall profit with considerably less stress. Another major limitation is that expanding in foreign

Thursday, October 17, 2019

Changes in Social Lending Essay Example | Topics and Well Written Essays - 250 words

Changes in Social Lending - Essay Example dit permits very underprivileged people to insert themselves into projects that are focused on self-employment— with a view of generating some income. Yunus provides loans through his controversial bank, Grameen Bank—which makes him a pioneering single leader. Grameen Bank based in Bangladesh lends money through solitary groups. The bank’s approaches targets solitary groups as its prime building block. Further, the use of this technique has clearly had a significantly positive effect upon many prospective borrowers. Without Grameen, the financially handicapped wouldn’t have dared borrowing at all. I mean, to many of them, borrowing would figuratively be building castles in the air. Be that as it may, the determination to warranty that all members of solidarity groups are equally poor is inconsistent, and may not always improve the group performance at all. In all, microcredit is mere bunkum—in fact; it won’t succeed without the help of immense grants. In all, this is a reality that dents on the development of this approach. Conversely, this approach lacks clear lucidity. Glancing at it through perspectives, the overall effect of this development approach has not been to reduce poverty, but only to produce a debt gridlock for gullible borrowers—who are incredulously subjected to particularly supercilious rates of interests practical to conventional banks . It is no surprise at all that Yunus used the infused poverty in his country profitably to gain international attention. This approach of bottom of the pyramid has no capability of finally leading to long-term development, because many poor people will feel that they are being defrauded through the obviously feasible

Evalute the implementation of the UK last government's PE, School Essay

Evalute the implementation of the UK last government's PE, School Sport and Club Links (PESSCL) strategy and its impact in schools - Essay Example ports and Culture called upon the citizens and the local authorities to be united so as to realize and maximize the benefits of the programmes to young people. The plan was focused mainly the school. This is because in school the different categories of children meet from different communities. Therefore when the programme is in school, the children after their studies will expand the skills to the communities. It was very to united pupils and students in schools than in communities. This is because it had a focus in developing and nurturing the talents of the individuals both in school and community (Barbieri 2011, pg.133). To establish a National Infrastructure for PE and School sports by creating about 400 Specialist Sports Colleges, subject to sufficient high quality applications, by 2005 and 400 School Sport Coordinator partnerships by 2006 It was believed that this would enhance the pupil’s concentration, commitment in their studies and high level of self – esteem thereby improving overall performance in class. To ensure this, the government created a wide network scope of about 450 School Sport Partnerships across the entire country. The Partnership Development Manager (PDM), School Sport Co-ordinator (SSCo) in every Secondary school and the Primary Link Teacher (PLT) acted as the main stakeholders of the plan and were mandated with the responsibility of ensuring the strategy succeeded in schools. According to the results of the PE & Sport Survey by TNS-BMRM, 2010, it showed that most of the aims were achieved to higher percentage. It was realized that by the academic year 2009/2010, about 84% of the pupils were spending about 120 minutes per week in PE. This was an increase from the results obtained in the 2003/2004 academic year. It is important to highlight that this trend has been maintained from the academic year of 2003/2004 to the academic year 2009/2010 among all the children in most of the schools in the UK. I therefore state that the

Wednesday, October 16, 2019

Small Business Essay Example | Topics and Well Written Essays - 500 words

Small Business - Essay Example The major advantages are that a franchisee is able to establish and operate a well established business in a new area where the whole marketing system inputs and guidelines are provided by the franchisor on a continuous basis. The franchisee is able to start business with a relatively small initial investment that has prospects of good return with immediate effects. The recurrent training and proven marketing strategies provided by the franchisor boost the confidence of the franchisee and help him to expand his business significantly. The main limitations are the loss of independence in running the business as one wants and restriction in the operational area comprising mainly of the goods and services that can be sold in specific areas. Other conditions like the restrictions on resale of franchisee rights and the individual advertising efforts are hurdles that restrict further scope for the franchisee. The main advantages of franchisor are that they are able to expand their business and spread them in wider areas of operation in a relatively short time and with reduced capital cost. By facilitating goods and services to the franchisee, the franchisor is relieved of the pressures of day today operation and therefore is better able to focus on his core business and developing network activities and franchisee support programs and strategies. The major aspect is that he is able to control the appearance and operation of the franchisee outlets as per his standards, thereby help maintain the credibility and high standard of his brands. The limitations of the potential franchisor are that it needs to keep updated with the training and strategies for its franchisee to meet the emerging challenges of the advancing technologies. Though the profit margins are considerably reduced but the widening network of franchisee, selected judiciously, help increase the overall profit with considerably less stress. Another major limitation is that expanding in foreign

Tuesday, October 15, 2019

Evalute the implementation of the UK last government's PE, School Essay

Evalute the implementation of the UK last government's PE, School Sport and Club Links (PESSCL) strategy and its impact in schools - Essay Example ports and Culture called upon the citizens and the local authorities to be united so as to realize and maximize the benefits of the programmes to young people. The plan was focused mainly the school. This is because in school the different categories of children meet from different communities. Therefore when the programme is in school, the children after their studies will expand the skills to the communities. It was very to united pupils and students in schools than in communities. This is because it had a focus in developing and nurturing the talents of the individuals both in school and community (Barbieri 2011, pg.133). To establish a National Infrastructure for PE and School sports by creating about 400 Specialist Sports Colleges, subject to sufficient high quality applications, by 2005 and 400 School Sport Coordinator partnerships by 2006 It was believed that this would enhance the pupil’s concentration, commitment in their studies and high level of self – esteem thereby improving overall performance in class. To ensure this, the government created a wide network scope of about 450 School Sport Partnerships across the entire country. The Partnership Development Manager (PDM), School Sport Co-ordinator (SSCo) in every Secondary school and the Primary Link Teacher (PLT) acted as the main stakeholders of the plan and were mandated with the responsibility of ensuring the strategy succeeded in schools. According to the results of the PE & Sport Survey by TNS-BMRM, 2010, it showed that most of the aims were achieved to higher percentage. It was realized that by the academic year 2009/2010, about 84% of the pupils were spending about 120 minutes per week in PE. This was an increase from the results obtained in the 2003/2004 academic year. It is important to highlight that this trend has been maintained from the academic year of 2003/2004 to the academic year 2009/2010 among all the children in most of the schools in the UK. I therefore state that the

John Maynard Keynes, the Father of Modern Theoretical Economics Essay Example for Free

John Maynard Keynes, the Father of Modern Theoretical Economics Essay John Maynard Keynes (5 June 1883 – 21 April 1946), a British economist known also as the father of modern theoretical economics, had made a great impact on contemporary economic as well as political theory. His ideas were tapped by governments for their fiscal policies. He is most well known on his interventionist policy when it comes to fiscal and monetary measures, specifically, to mitigate the undesirable effect of recessions, depressions, and even booms. An article from Time magazine on the 100 Most Important People of the Century, contend that â€Å"[h]is radical idea that governments should spend money they dont have may have saved capitalism† (Reich, no date). As an economist, his first share of international fame was when he was selected as a delegate of the Paris Peace Conference of 1918–1919. It was during this conference that the victors of the World War 1 (specifically, Woodrow Wilson, Georges Clemenceau, and David Lloyd George) imposed war reparations on Germany. Keynes held his tongue during the conference but let out a roar as soon as he returned to England (Reich, no date). He wrote a book entitled The Economic Consequences of Peace. He wrote that the Germans would not be able to pay the victors. He called Wilson a â€Å"blind, deaf Don Quixote†, Clemenceau a xenophobe with â€Å"one illusion — France, and one disillusion — mankind†, and Lloyd George a â€Å"goat-footed bard, this half-human visitor to our age from the hag-ridden magic and enchanted woods of Celtic antiquity. † Keynes predicted that the reparations demanded by the victors would keep Germany impoverished and might ultimately threaten the neighboring countries if not all of Europe (Reich, no date). And we know that he is indeed right as if it was a prophecy. The book sold almost a hundred thousand copies on that period. But it was only later on after three decades that the real effect of his treatise was felt. After the end of World War II, both US and Britain (as victors of the war) remembered Keynes admonition. The best way to attain a lasting peace is by helping the vanquished start all over again – public investing to create trading partners and building solid democracies (like n the case of Germany, Italy, and Japan during that war; Reich, no date). Keynes founded that branch of economics that is termed â€Å"macroeconomics† today. This is his greatest influence in the history of economics. This actually came from a book he wrote during the depths of the Great Depression. The book was called â€Å"The general theory of employment, interest and money† (published on 1936). The idea is pretty much easy to understand: Governments should not leave the market alone when, and especially, the economy is running slow (interventionist policy of the government). It is during periods of dull economy or recession that markets are saturated and businesses either do not invest or reduce their investment. Such situation, according to Keynes, is a prologue for a very dangerous cycle: â€Å"less investment, fewer jobs, less consumption and even less reason for business to invest† (Keynes, in Wikipedia, The Free Encyclopedia). In 1942, John Maynard Keynes was raised to the House of Lords and was accord the title Baron Keynes of Tilton, County of Sussex. Keynes played a crucial role in the negotiations that transpired in the creation of the Bretton Woods system (the system/conference that created the World Bank, International Monetary Fund, and the World Trade Organization, as we know it today). He was the head of the British Commission and the chairman of the World Bank Commission. He was the brainchild behind the management of currencies between and among countries. He advocated the creation of a world central bank, the International Clearing Union, that will be responsible for the common world currency unit (Reich, no date; Keynes, in Wikipedia, The Free Encyclopedia).

Monday, October 14, 2019

What Is Home Depot Commerce Essay

What Is Home Depot Commerce Essay Home Depot is the largest home center chain operating in 2,244 stores throughout the U.S., Mexico, Canada, and  China. Home Depot is considered to be the largest retailer of home improved goods, construction  products and services in the world. It  was founded by Bernie Marcus and Arthur Blank in Atlanta in 1979. The Home Depots proposition was to build home-improvement  warehouses, larger than any of their competitors facilities. The store inventory consists of about 40,000 different kinds of building materials, home improvement supplies, appliances and lawn and garden products for the needs of various projects. The Home Depot stores are always equipped with goods that are confined to a small area to match that areas specific market needs. www.homedepot.com is ranked on position 418 within .com and has 5,399 back links. The Site was launched at Tuesday, 04 August 1992. ORGANIZATION STRUCTURE BUSINESS MODEL Homedepot.com follows the B2C i.e. Business to consumer model. In B2C transactions, online transactions are made between businesses and individual consumers. B2C E-Commerce involves electronic retailing or e-tailing. At homedepot.com customers can browse catalogs when they want, place an order and the product of service will be delivered directly to them.  It is an online version of the store where customers can shop any hour of day and night without leaving their home and office. The revenue model followed by homedepot.com is sales of goods. Within the e-tailer the type of model used by homedepot.com is Clicks and bricks. It is a business strategy or  business model  in  e-commerce  by which homedepot attempts to integrate both online and physical presences. This model makes it far easier for a homedepot.com to establish an online presence than it is for a start-up company to employ a successful pure dot.com strategy. By using this model homedepot developed certain advantages, such as: Leveraging their  core competency. Multiplying existing  supplier networks distribution channels. A lower cost of capital. THE MARKETPLACE The Home Depot has more than 1950 places across the United States, China, Canada and Mexico.  Home depot stores have an average area of about 105,000 square feet and around 23,000 square feet of area outside of greenery. Inventory consists of different kinds of building materials, home improvement supplies, appliances and lawn and garden products for all of your project needs. The Home Depots retail stores offer skilled customers, like person who can repair and remodel particular services. Through committed service provider desks in more than 1,900 stores, skilled customers have right to use the loyalty programs, a pro bid room to handle large customer orders with volume discounts, directship programs, credit programs and other specialty sales initiatives. Home Depot operates under four different business segments: MARKET STRATEGY The strategic factors that helped in the growth and popularity of home depot are related to quality of product, its price, advertising for the products, store capacity, competitors, and customers independency and happiness. Good quality products are offered by Home Depot like garden supplies, lawn installation services home improvement products, for these products are offered too. Home Depot introduced a trial product store format that presented approx. 32,000 more square feet of selling area, due to which the selection of products and services broadened, also it provided with a more appropriate layout than the long-established stores. Collection of complementary product categories via stores that were designed based on a design centre, which facilitated Home Depot in storing more than 40k products in a year. New stores were brought closer to existing ones by Home Depot via a clustering strategy. An advantage was created by following this strategy via increasing the blockage of entry to competitors reducing rush in the current stores. This strategy also permitted the organisation to enlarge its advertising distribution expenses along a greater store area. Customer Cultivation is regarded as one of the prime strategies implemented by Home Depot. It is the consequence of the prerequisite of elevated qualified and in-store clinics, supportive, professional clinics and employees. An additional approach is centering on widespread announcement. Two years ago, Home Depot spent 895 million dollars on advertisements which accounts for 9.5 % more than its 2007 spending of 817 million dollars. Widespread advertisements provided Home Depot with a personal potential not in favor of remaining companies in the same industry. CUSTOMER VALUE PROPOSITION Customer value proposition  consists of the sum total of benefits which the firm   promises a  customer  will receive in return for the customers associated payment. Customer value proposition is specifically targeted to attract new potential customers instead of employees, partners or supplies.  It is a statement that is designed to convince customers that one particular product or service will add more value or better solve a problem than others in its competitive set. home depot provides a broad selection of quality products and services. Home Depot has the widest range of products, which are rated below rival market. They hire trades professionals so that the customer gets expert advice. Because of the technical support and better customer service the store has shown results which are unmatched in the business. As it is said, it is the good incident that brings the customer once more and its the word of mouth that brings other new customers, hence, customer satisfaction is one of the most important policy followed by company. Home depot selects very customer friendly oriented people. To improve the customer experience following steps is taken up by the company: Stores are getting modernize so that the perception of home depot is improved before the customer. In order to improve the customer service, a 24 hour hotline is being introduced. In order to improve customer service at Home Depot stores a new employee incentive program has been developed. REVENUE MODEL Estimated 20,068,000 visits over last 30 days. This Google Page Rank 7/10 website has a Traffic Estimate rank of 288.   homedepot.com is worth  $3,759,165. This makes homedepot.com the  93  most valuable site on Stimator.com. Home Depots first quarter  in 2010 is $725 million, up from $514 million a year earlier. Net sales  for the period  increased 4.3%  to $16.9 billion. Similar store sales increased 4.8%  company-wide for the period. COMPETITORS In the home improvement industry the main competitor of home depot  is  Lowes Companies (LOW). Home Depot leads in terms of sales revenue which is $66.2 billion and that of Lowes is $47.2 billion. Other competitors of home depot are Home Improvement Stores, Sears, Menard Inc., True Value Company.   Home Depot also faces competition from smaller independent stores. Builders First Source (BLDR), a company that manufactures structural and related building products for new construction. The advantage which Home Depot has against the smaller competitors is that in case of an economic downfall, it will be prevailing and thus taking back the old customers which were attracted to these small competitors earlier. C:UserscompaqDesktopmenard.jpg C:UserscompaqDesktoplowes.jpg COMPARITIVE ADVANTAGE Home Depot is financially better placed than Sears and Lowes. Home Depot maintains its strong price positioning and improves customer service and product quality.  Ã‚  Ã‚  Because of this reason home depot enjoys a competitive edge over Sears and lowes. The second competitive advantage for home depot is Menards products are perceived to be lower in quality than those of Home Depot even when the price for both are similar.  Ã‚  For the Quality of the products that it carries, Menards should not want to increase the price of its products. Another property that gives homedepot the competitive edge is differentiation. Home Depot has product differentiation as well as image differentiation. This provides a competitive edge over both Lowes and Sears. The Home Depot has essentially identified its two main market segments: The do-it-yourself (DIY) home improvement consumer and The professional business customer. CONCLUSION We have seen that how a b2c site (homedepot.com) operates. What is the business model behind the operation of home depot? It has helped customer to do shopping for the desired product by sitting at home/office and making payment on delivery by credit/debit card. The home depot is the market leader in the segment of home improvement retailing, much ahead of its competitors. The main reason of its competitive advantage is good quality, lowest prices and customer satisfaction. APPENDIX TABLE 1 DIRECT COMPETITOR COMPARISON homedepot Low PVT1 PVT2 Industry Market Cap: 47.47B 30.17B N/A N/A 30.17B Employees: 193,370 166,000 40,3001 3,0002 166.00K Quarterly Rev Growth 4.30% 4.70% N/A N/A 2.90% Revenue 66.86B 47.78B 7.90B1 2.01B2 47.78B Gross Margin 33.75% 34.80% N/A N/A 34.80% EBITDA 6.73B 4.98B N/A N/A 4.98B Operating Margin 7.38% 6.81% N/A N/A 7.47% Net Income 2.83B 1.78B N/A 64.20M2 N/A LOW  = Lowes Companies Inc. Pvt1  =  Menard, Inc.  (privately held) Pvt2  =  True Value Company  (privately held) Industry  = Home Improvement Stores 1  =  As of 2009  Ã‚  2  =  As of 2008  Ã‚   TABLE 2: Comparison of Major Warehouse Format Home Centers Store Attributes Attribute/Company HomeDepot HechingerHQ Builders SquareHomebase Store Count 174 30 144 73 Square Feet/Unit(000) 94 86 84 113 Sales/Square Foot $348.00 $224.00 $171.80 $169.90 FIG1 DAILY TRAFFIC TREND FOR homedepot.com FIG2 UNIQUE VISITORS FOR homedepot.com

Sunday, October 13, 2019

Bilingualism Essay -- essays research papers

The Limitations of Language   Ã‚  Ã‚  Ã‚  Ã‚  The 14th Amendment in the United States Constitution dictates that any citizen of the United States shall receive the equal protection of civil rights, with due process of the law and cannot be discriminated against based upon race, origin, sex, class or political affiliation. Thus, educational policy in the United States is focused on providing the equal opportunities for all students. One heated debate in American education policy making is the use of bilingual education in public schools. Because there is a growing number of students (especially those in grade school) whose home language is not English, major literacy and learning disparities are created when non-english speaking students enroll in public schools that teach in English only. Students with limited English proficiency will have to work harder to achieve the same level of other students whose home language is English. Bilingual education is a program designed to alleviate the educational inequaliti es and disparities caused by present educational system. The focus of bilingual education is to guarantee that these students: 1. Learn the basic subjects (math, science, reading, social studies) in their home language from the time they enter school. The advantage of teaching students with limited English proficiency the basic subjects in their home language is that they will promote their academic progress while learning the English language. 2. Learn...

Saturday, October 12, 2019

Chopins Lilacs and the Story of the Annunciation :: Chopin Lilacs Essays

Chopin's Lilacs and the Story of the Annunciation  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚   When the theologian Elisabeth Schussler Fiorenza writes that the myth of the Virgin Mary "sanctions a deep psychological and institutional split" (59) among women in the Catholic tradition, she captures what Kate Chopin also captured in her story "Lilacs." There, sisterhood between secular and religious women appears fragmented and nearly impossible. To scrutinize the division, Kate Chopin fashions her story around the portion of the Virgin Mary myth told in St. Luke's gospel of the Annunciation of the birth of Jesus spoken to Mary by the archangel Gabriel. Working with that text, "Lilacs" mocks a tradition prizing virginity and separating the cloistered from the secular. Irony prevails, but so too does the sorrow born of religious restraint and condemnation. From the tension in the Annunciation between the virginal and the non-virginal comes ages of women divided from one another on the basis of chastity and divided internally into spiritual and physical selves.    Chopin's "Lilacs" plays out this division on the grounds of a Sacred Heart convent and in the apartments of a Parisian mondaine to question whether a life almost wholly spiritual or a life almost wholly physical can be anything but the subject of ridicule. The narrator tempts us to enjoy the ridicule only to have us feel more painfully at the story's end the dolorous effects of con strained desire, effects which diminish both nun and secular woman.    As a story that draws so heavily on the details and symbols of the Annunciation story, "Lilacs," we could assume, would want to remind us of Mary's (and, by extension, woman's) salvific role as the vessel chosen by God to ensure humankind's redemption. But "Lilacs" fails to announce the good news for women as it sees too clearly that what was salvific for humankind ended up dividing women within themselves and within the Catholic tradition because of that tradition's insistence on Mary's virginity before and after childbirth. This insistence separated the ideal virginal mother from real women and mothers whose joyously experienced sexuality closed the doors to work within the clerical ministry even until today. The Annunciation story for Kate Chopin is a story told at the expense of women's sexuality and spirituality, full and complementary as they might have been. The notion of a failed annunciation, then, opens "Lilacs": "Mme. Adrienne Farival never announced her coming.

Friday, October 11, 2019

Night by Elie Wiesel Essay

The relationship between Eliezer and his father in the memoir Night by Elie Wiesel is interesting because of the way the relationship strengthens and weakens over the course of the book. The relationship is also interesting because of the way Eliezer allows others (inmates, Kapos, etc. ) to affect the way he feels towards his father. In Night, the relationship between Eliezer and his father is, at first, not strong. This is shown when Eliezer rebels against his fathers wishes of not studying Kabbalah and seeks guidance for this subject from the town hobo, Moishe the Beadle: â€Å"And Moishe the Beadle, the poorest of the poor of Sighet, spoke to me for hours on end about the Kabbalah’s revelations and its mysteries. † (Section 1, Paragraph 5, Page 5). Eliezer’s father is a highly respected and very intelligent man and his opinion on public and private matters is often sought after in their community, Eliezer however, describes his father as â€Å"a rather unsentimental man† and â€Å"more involved with the welfare of others than with that of his own kin. (Section 1, Paragraph2, Page 4). This makes the relationship between Eliezer and his father interesting because even though their relationship is weak, his father still play a big part in telling Eliezer what he can and cannot do and the role of his life in the family – â€Å"my place was in the house of study, or so they said† (Section 1, Paragraph 3, Page 4) During their time together in Auschwitz, Eliezer and his father begin to grow closer. Eliezer demonstrates this when asked if he would like to be placed into a good Kommando and he replies with: â€Å"of course. But on one condition: I want to stay with my father. † (Section 4, Page 48, Paragraph 2). This may be because any strength and support they have left could only be found in each other: â€Å"My father’s presence was the only thing that stopped me [from allowing myself to die] †¦ I had no right to let myself die. What would he do without me? I was his sole support† (Section 6, Page 87, Paragraph 1) This makes the relationship more intriguing because it almost seems like Eliezer and his father are only continuing to live so the other has the strength to live too. By the time Eliezer and his father reach Gleiwitz, Eliezer’s father is dying and becoming increasingly weaker. Eliezer is now constantly looking after his father and giving him most of his rations, though is seems, Eliezer is doing this grudgingly: â€Å"I gave him what was left of my soup. But my heart was heavy. † (Section 9, Page 107, Paragraph 3). This is most likely due to the influence of other inmates and what the Blockalteste told him about Auschwitz being a place where it is every man for himself: â€Å"Listen to me, kid. Don’t forget you are in a concentration camp. In this place, it is every man for himself, and you cannot think about others †¦ In this place, there is no such thing as father, brother †¦ You cannot help him anymore. † (Section 9, Page 110, Paragraph 3). This makes their relationship interesting because Eliezer, though he loves his father dearly, is now stuck between the choice of continuing to nurse his father, or to let him die. A hard choice for anyone to make. A strong theme that comes through in Night that readers can see from Eliezer and his father’s relationship is the importance of strong father-son/family bonds. Three times Eliezer discusses moments that destroyed a bond between father and son. He states that these moments were brought upon them by the conditions of which the prisoners were forced to live in and to endure, these moments when a son sacrificed his father to save himself – the pipel abusing his father, the boy killing his father for a mere crust of bread, and the horrible motives of Rabbi Eliahou’s son. All of this is interesting in contrast to Eliezer and his father’s bond because their relationship demonstrates love and solidarity: â€Å"We’ll take turns. I’ll watch over you and you’ll watch over me. † (Section 8, Page 88, Paragraph 3). Their relationship shows us that love is a strong force of survival, much stronger than man’s instinct for self-preservation. In conclusion, the relationship between Eliezer and his father is interesting because of the way the relationship is shaped over the course of the book by different events. Their relationship strengthens in Auschwitz, is weakened momentarily by the actions of other inmates in Buchenwald, but comes through strong in the end because of their love for each other.

Thursday, October 10, 2019

Learning Teams: Shrinking To Fit Essay

Successful teams often have differences among their team members and may sometimes even collapse over these interpersonal conflicts. Teams must strengthen these weaknesses or recruit for the missing competencies if they are to move forward. This case depicts what could and often does happen to a team with no traditional rules of engagement or effective conflict resolution techniques. Alternative Courses of Action The first alternative is to maintain the status quo by allowing Spencer to continue dictating the meeting discussions while the five remaining team members remain complacent, and, in some cases, resentful of Spencer’s domination. The second alternative is to establish a set of engagement rules. This â€Å"set of engagement rules† will establish and define each team member’s roles and responsibilities, their commitment to the group, expectations from each other, and what goals they collectively have towards team accomplishment. Finally, a third alternative in dealing with the interpersonal conflicts affecting team members is to establish strategies on teambuilding and effective interactions among team members. Applying the MBTI tool provides an outline for comprehending differences between personality types, which would encourage the team to learn about themselves and each other. This would further reinforce the team by maximizing each member’s unique strengths (e. g. enhancing each member’s unique expertise) while also minimizing weaknesses (e. g. understanding how a personality type may irritate the team). Recommended Course of Action We recommend the second alternative: establish a â€Å"set of engagement rules. Basis for Recommendation By implementing a set of engagement rules, the team will establish a set goal. Teams need a common goal with performance metrics if they are to be successful. Moreover, to connect individual strengths and personalities, firm ground rules are needed. Additionally, this agreement will assign roles to individual team members. Establishing and defining roles will help team members understand how their various roles working together can achieve the team’s goal. Implementation In order for a team to function efficiently, effective rules of engagement need to be established early. Therefore, the rules of engagement must be implemented immediately. The learning team needs to assign responsibilities to each team member and identify expectations of the team. Additionally, all team members have strengths and weaknesses that allow them to achieve team goals. As such, it is essential that an assignment of team roles and responsibilities be made for maximum team effectiveness. Critique of case: What is missing? Information that would have been helpful includes knowing whether the team had established rules of engagement or not. With the way the team members acted towards one another, it is safe to assume that there was none established. If there was a set rules of engagement established, there was no explanation as to group roles, group norms and culture, what the consequences are for missing meetings, non-participation, bullying, and dominating meetings for instance.

Wednesday, October 9, 2019

Accounting for Managers

Managers frequently use CVP Analysis and Budgeting to screen business plans by evaluating a firm’s cost structure and sales volume needed to generate profit. Mountain Views Hotel is planning to open a â€Å"Boutique Hotel† accommodation in the Blue Mountains area that runs a Food and Beverage operation serving breakfast as part of the guest experience. Your team is expected to develop a successful business plan including making recommendations for improvement in future years. The Report will be written as if it were being presented to potential investors in the business. Use the Balanced Score Card approach to present key assumptions and justify them by research and analysis undertaken.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Discuss critically key results that would impact on your future decision-making including a fully supported explanation of how you could improve this business by making any changes.  Ã‚  Ã‚   Make recommendations to the proposed investors including ideas for the next steps to progress the business concept. Prepare your analysis as an authentic business report.   The Australian tourism and hotel industry have significant contribution on GDP (Gross Domestic Product) of Australian. As per Price Water cooper house Report of 2009 it is estimated there are 6807 hotels employing almost 188000 people in Australia. The market outlook indicates that the hotel industry has matured because the numbers of hotels have declined over the years and also the income growth of the industry has been minimal.   But the situations are seen improving as the 2015 data suggests that both domestic and international visitors have increased. There has been 8.2% growth in international visitors and 7% growth in domestic visitors (Hall, 1991). In this report a business plan is developed for Mountain View Hotel analyzing the business opportunity of Boutique Hotel in Blue Mountains (Hardiman & Burgin, 2011).   For this purpose the hotel industry of Australia, tourism opportunity in Blue Mountains and the projected financial data of the proposed Boutique hotel are analyzed to develop an effective business plan and also to evaluate the investment decision. The objectives of the â€Å"Mount Boutique Hotel† for first few years are: The mission of Mount Boutique Hotel is to become the preferred choice of customers in Blue Mountain area. Mountain View is a well known hotel chain that is currently running a restaurant in Blue Mountain. It is planning to open a boutique hotel in Blue Mountain. The international and domestic visitors are expected to surge giving a positive outlook for the overall hotel industry. As per the economic forecasts data it is expected that international visitors will grow by 5.3% per annum for next three years. This growth in tourism numbers will have a positive impact on the Australian Hotel Industry. The demands for hotels are expected to grow by 3% per annum in next three years. There is an increasing demand supply disparity in hotel industry as a result it is expected that room rate will grow by 2.9% by 2018 (Anderson, 2006). It can be concluded that Hotel Industry of Australia is looking good and it is the opportune moment to make investment in this sector.   The Blue Mountains is just two hours away from Sydney and it is a perfect holiday destination for anyone looking for a break from hectic life style. The blue Mountain offers spectacular scenic beauties like Three Sisters at Echo point, dinning, shopping, spa, bush walking and other natural attraction (Hudson & Lang, 2002).   It is an ever growing tourist destination with tremendous growth potential. From an hotelier point of view the current market scenario offers an excellent investment opportunity in Blue Mountain. There is a growing optimism in hotel industry because of positive macro economic developments. Being in tune with the overall market sentiment Mount View hotel has decided to start a Boutique Hotel in Blue Mountain. Boutique hotels are much smaller in size but they are stylish and unique further it tries to provide separate experience than that of corporate run hotels (Presbury et. al., 2005). The advantages of a boutique hotel are: The above analysis shows that Mount View hotels decision to open a boutique hotel in Mount View is justified. The aim is to become the best in class boutique hotel in Blue Mountains (Bruner, 1998). It is estimated to have total eighty rooms out of which 30 rooms will be high end deluxe rooms and there will be 50 standard rooms.   The deluxe rooms will include king sized bed, a desk, a mirror and a color television. Further the bathroom of the deluxe room will be of four to five meters with a sink, toilet and shower. The total estimated cost for starting the Boutique hotel is $754800.00. The details are given in the table below. To fund the project a mortgage loan of Rs. 500,000.00 is to be obtained at 8% per annum.   The remaining fund of 254,800.00 is to be provided by Mountain Views hotel. The viability of any business plan is determined by analyzing its projected financial performance.   The business plans are often screened for determining their financial viability by using cost volume profit analysis (Scapens, 1985).   The CVP (Cost Volume Profit) analysis helps in determining the effect that costs and volume has on profit. The Cost Volume Profit (CVP) analysis are often performed to determine the future activity and to provide valuable insight on: There are certain assumptions that are made while performing CVP (Cost Volume Profit) analysis (Drury, 1992), they are: The cost function is a process of dividing the total costs into fixed costs and Variable Costs (Binswanger, 1974). The total cost can only be ascertained after the estimated financial statement is prepared. The projected financial statements are prepared on the basis of certain assumptions and they are: The first step of performing the Cost Volume Profit Analysis is to estimate the cost functions. On the basis of the projected financial statement each cost is determined as either fixed or variable costs.   In the projected financial statement of Mount Boutique Hotel the estimated variable costs is $ 2234605.00 which is $96.49 per unit and the estimated fixed cost is $3153904.00.   The estimated fixed costs include Direct Labor costs of $803,040.00; overhead costs of $1696084.00; selling expenses of $259850.00 and administrative expenses of $394950.00. The estimated variable costs include direct material of $88.49 per unit and over head of $8.00 per unit.   The contribution is calculated by deducting Variable costs from sales. So the contribution margin ratio is that part of the sales that exceeds variable costs (Garrison et. al., 2003). It can be used to pay fixed costs. The contribution margin ratio measures operational efficiency, a higher ratio suggests higher efficiency. In the projected financial statement of Boutique hotel estimated sales is $6995325.00 and estimated variable costs is $2234605.00. The contribution margin comes to $4,460,720.00 that is 66.60% which is very high. It suggests that only 33.40% of total sales cover the variable costs and the remaining 66.6% is used to meet the fixed costs and earn profit. It can be reasonably concluded that any sudden increase in cost will not affect the profitability of the hotel because it has high contribution margin ratio which is a very healthy sign for any business.   The break even sale represents that level of sales where the profit is zero. At this level total sales revenue is equals to total variable costs and the contribution margin is equal to fixed costs (Blocher et. al., 2008). The break even sale is an important level because sales below this level will result in losses and sales above this level will lead to profits. In the projected financial statements of Mount Boutique hotel total fixed costs are $3153904.00 and the variable cost per unit is 192.60 so the break even sale comes to $4733857.83. The total estimated sale is $6695325.00 and the 70.70% of it is Break even sales. This means that business needs to achieve at least 70% of the estimated sales to attain no profit no loss situation otherwise it will make losses. This is a very high percentage and implies that there is a very heavy burden of fixed costs on the business.   It is suggested that business should re estimate its fixed costs structure and try to reduce the Break even sales to 50%.   The hotel should cut down fixed costs by $4399091.00 to attain the targeted break even sales.   The margin of safety is that part of the total sales that is above Breakeven Sales. It is calculated by deducting breakeven sales from total sales. The Margin of safety is a valuable indicator of profitability of an organization (Shih, 1979). It also indicates to the management how reduction of revenue will affect the break even of the organization. The higher the Margin of safety the better it is for the business. Because a low Margin of safety suggests increase in fixed costs, extra discounts or increase in prices by suppliers. So it is important to monitor margin of safety ratios. In the projected financial data of Mount Boutique hotel the total expected sales is $6695325.00 and the break even sales is $4733857.38 so the margin of safety is $1961467.62. The margin of safety ratio comes to 29.30% of total sales. It is suggested that Margin of safety ratio should be improved. It can be done by improving sales or reducing breakeven point.  Ã‚   The Operating Leverage is the analysis of relationship between fixed costs and variable costs. It is calculated by dividing contribution margin by income from operations. The operating leverages are high for companies that have large fixed costs in their total operation costs. A higher operating leverage suggests that every increase in sales will multiply profits when the breakeven point is reached (Lev, 1974). But if breakeven sales are not reached then higher operating leverage will intensify losses. So with high operating leverage a high level of risk is involved. In the estimated financial statement of Mount Boutique hotel the contribution margin is $4460720.00 and Income from operations are $1306816.00 so the operating leverage comes to 3.4 times.   This means that Contribution is 3.4 times more than income from operation so it can be derived that fixed costs are 2.4 times of income from operation which is very high. So it is suggested to take necessary measures to reduce fixe d costs.   The overall projected financial statement of Mount Boutique hotel indicates that it is a high return low risk business opportunity for any investor. The high breakeven sales and low Margin of safety is due to higher fixed costs (Alexander, 2001). The burden of higher fixed costs is due to the amortization of start up costs in initial years as it gets completely amortized then fixed costs will certainly come down thus improving the margin of safety and break even sales figure. The market analysis has shown that it is an opportune moment for any investor to enter into tourism sector. The expected growth figures are very attractive and it is also estimated there will be a shortage of supply as the increase in demand is much higher than that of supply (Jennings, 2001). If the overall macroeconomic views are considered then globally major economies are improving so it is expected that international visitors will surge in coming years. The Mount Boutique hotel will be one of its kinds in Blue Mountains. It will offer a unique experience to its visitors because of its prominent location and customized services. Further the staffs and managements are also experienced and every one of them has a valuable insight in the Hotel industry. In the light of the above analysis it can be concluded with certainty that investment in Mount Boutique will be profitable.   Alexander, C. (2001).  Market models: A guide to financial data analysis. John Wiley & Sons. Anderson, B. A. (2006). Crisis management in the Australian tourism industry: Preparedness, personnel and postscript.  Tourism Management,27(6), 1290-1297. Binswanger, H. P. (1974). A cost function approach to the measurement of elasticities of factor demand and elasticities of substitution.  American Journal of Agricultural Economics,  56(2), 377-386. Blocher, E., Chen, K. H., & Lin, T. W. (2008).  Cost management: A strategic emphasis. McGraw-Hill/Irwin. Bruner, R. F., Eades, K. M., Harris, R. S., & Higgins, R. C. (1998). Best practices in estimating the cost of capital: survey and synthesis.  Financial Practice and Education,  8, 13-28. Drury, C. (1992). Cost-volume-profit analysis. In  Management and Cost Accounting  (pp. 205-235). Springer US. Garrison, R. H., Noreen, E. W., & Brewer, P. C. (2003).  Managerial accounting. New York: McGraw-Hill/Irwin. Hall, C. M. (1991).  Introduction to tourism in Australia: impacts, planning and development. Longman Cheshire. Hardiman, N., & Burgin, S. (2011). Canyoning adventure recreation in the Blue Mountains World Heritage Area (Australia): The canyoners and canyoning trends over the last decade.  Tourism Management,  32(6), 1324-1331. Hudson, S., & Lang, N. (2002). A destination case study of marketing tourism online: Banff, Canada.  Journal of vacation Marketing,  8(2), 155-165. Jennings, G. (2001).  Tourism research. John Wiley and sons Australia, Ltd. Lev, B. (1974). On the association between operating leverage and risk.Journal of financial and quantitative analysis,  9(04), 627-641. Presbury, R., Fitzgerald, A., & Chapman, R. (2005). Impediments to improvements in service quality in luxury hotels.  Managing Service Quality: An International Journal,  15(4), 357-373. Scapens, R. W. (1985). Cost—Volume—Profit Analysis. In  Management Accounting  (pp. 59-74). Macmillan Education UK. Shih, W. (1979). A general decision model for cost-volume-profit analysis under uncertainty.  Accounting Review, 687-706. Accounting for Managers Gola and Costa set for establishing a business of selling fruit juices. The location of the shop is inside Shopping Arcade and nearby a supermarket. Their plan is to provide fresh juices to their customers, earn a significant amount of profits and sell off the same in the future course of time.   They will follow just in time for inventory management. Gola is under the impression that they will be successful in earning profits by controlling their cost as he believes that for running a successful business, only profitability is the foremost criteria. Posta believes that their business will be successful due to their choice of location and due to the eating habits of the people. Since there has been a significant shift in the eating habits, people have become more conscious for their healthy well-being and this was one of the reasons why both the entrepreneurs had propagated such kind of idea of business. As an Aspiring MBA graduate studying accounting for managers and being there friend, I can make them understand and analyse many other aspects apart from profitability and location of business. Since I am specializing in the field of Management and Finance I can help them in some statistical analysis which they are significantly missing on their part. Before setting of the business, it is very important to discuss the kind of industry in which they are supposed to enter a detailed analysis is required to be done right from the point of financial investment to related cost both fixed and fluctuating , expected return in fair terms. It is also relevant that they search for their competitors and analyse their business as for how they are creating an impact in the business environment. The location of the business, which they have decided is quite favourable. However, to achieve the same, both of them have to make a significant investment in terms of leasing. It refers to borrowing the property against paying for its value for a significant period of time. For this, they have to enter into an agreement with the lessor of Shopping Arcade. It is equally important that they understand the terms and conditions of leasing properly and should have a lease term of 5 years so that they can cover all their cost during this period of time (BusinessDictionary.com, 2016). For the purpose of investment, they need to have availability of funds. It is required that they approach a bank who can arrange for their finance. They need to convince the bank regarding their potential profitability of business. For this, they should have the significant backup plan on paper which is able to prove with reasonable estimates and assumptions that their prospective business is a successful plan for the future. It is also important that they should be aware of the cost of capital which will be required in their leasing terms. After arranging the significant amount of loan and arranging the same for the lease the next part is to analyse various types of cost associated with their business. Cost can be divided into fixed and variable component. For example, fixed cost will be the lease amount which is to be spread for the period of 5 years cost. Blending machines, refrigerators, furniture, benches washing up sinks, falls into fixed cost.   Variable cost will be the cost of raw materials like all those fruits which will be purchased on a daily basis. Fixed costs remain the same irrespective of the level of output while variable cost changes as per the level of output. Variable cost can increase or decrease as per the level of production but fixed cost remains the same throughout the level of production (Boundless, 2016).   After analysing all the significant cost, the next component is the break-even analysis. Break even analysis refers to the function where it is required to determine what is required to sell on a monthly or annual basis in order to cover the cost of doing the business. Like, if fixed cost is $2, 00,000 and expected contribution will be $4, break even will be $50,000. This means they will earn profits after covering $50,000(Cleverism, 2016). Setting up of standards and its importance: It is also required to set a standard for sales. This will act as a benchmark for their business as how much is required to earn in order to cross the level of breakeven point and earn a significant share of profit. By setting up standard it can be later compared with the actual sales figure. Like, for first quarter sales expected is $15,000 but actual sales was $18,000. Thus, it is a favourable condition for them as actual has exceeded its standards. With the actual figure and standards, variances can be computed for the future relevance (AllBusiness.com, 2016). The reason behind the setting up of a standard is equivalent to setting up of short term goal which will be quite helpful in achieving a long-term goal for the business. For cost, monthly expected expenditure is $10,000 but actual came to $12,000. Reason for extra $2,000 will be analysed and corrective action to be adopted for the same. Budgeting helps us to identify unnecessary expenditures and in making us adaptable towards the frequent changing financial position of the business. Budgeting ensures that we will have sufficient amount of money in order to meet the requirement of the business. It will be advisable to Gola and Costa that they should understand the essence of budgeting and implement the same for the success of their business. The concept of budgeting will help Gola and Costa immensely. It is an important tool which will control the flow of money in their business. It will also ensure that their business will turn out to be very effective and efficient in the long run ( Mymoneycoach.ca, 2016). One of the main reasons behind the term of the lease is to cover all kind of fixed cost during that period. Since it is the plan of Gola and Costa to sell off their business in future, it is required that their business should run in scientific and profitable manner. For this, they need to understand the relevance of documentation in terms of recording finance, lease papers terms of bank loans etc. The prospective buyer will analyse the business in his own way. Unless and until he finds it’s economically viable, he will not take over the business. Now, economic viability can be analysed by way of proper maintenance of records, lease papers, bank loan’s terms, and conditions etc. He will analyse that whether the said business was profitable or not. Whether the bank loan taken has been paid off and all other statutory dues or complied with or not. Lease papers will also be verified. This needs to be understood by Gola and Costa since the beginning of their business. It is very important that they should keep in mind since the beginning regarding selling off their business in the future course of time. This will drive them more proactively to achieve their short term plan which is in the form of standards. By achieving the short-term standard, they will be able to achieve their ultimate aim, i.e. profitability. Unless and until the business is not profitable, it won't remain attractive for the prospective buyer to take over the same in future.   It is also important that the business gains popularity amongst the consumers. This will help in creating the brand image for Gola and Costa and will it yield in terms of goodwill while selling off the business. Both the buyer and seller will be in a profitable position if a business has developed a brand image of its own in the market. The whole process is beyond the concept of capital investment decisions. It involves the role of management accounting as in terms of setting targets and achieving the same, producing raw materials i.e. inventory management, handling the customers and creating a favourable image in front of them etc. So, apart from having the knowledge of finance, it is equally important that Gola and Costa should be aware regarding management accounting and other important aspects. With the help of the above-stated concept, it will help Gola and Costa to have the efficient and effective setup of business. To conclude, it is required that Gola and Costa should not only rely on the concept of profitability or location of business. They should be quite aware regarding the concept of break-even analysis, an estimate of sales and setting up of targets, different types of cost involved and their implications, importance of budgeting in their business, arrangement of investment with the help of a loan from bank and requirements for selling off their business in future. By following these above concepts of finance and management accounting, they will surely succeed in their attempt for a successful venture (Debitoor.com, 2016). AllBusiness.com. (2016). Creating a Budget and Sales Forecast | AllBusiness.com. [online] Available at: https://www.allbusiness.com/creating-a-budget-and-sales-forecast-977-1.html [Accessed 11 Dec. 2016]. Boundless. (2016). Types of Costs. [online] Available at: https://www.boundless.com/economics/textbooks/boundless-economics-textbook/production-9/production-cost-64/types-of-costs-240-12338/ [Accessed 11 Dec. 2016]. BusinessDictionary.com. (2016). What is a lease? definition and meaning. [online] Available at: https://www.businessdictionary.com/definition/lease.html [Accessed 11 Dec. 2016]. Cleverism. (2016). Break-Even Analysis: What, Why, and How. [online] Available at: https://www.cleverism.com/break-even-analysis/ [Accessed 11 Dec. 2016]. Debitoor.com. (2016). Management accounting - What is management accounting? | Debitoor. [online] Available at: https://debitoor.com/dictionary/management-accounting [Accessed 11 Dec. 2016]. Mymoneycoach.ca. (2016). What is Budgeting and Why is it Important? | My Money Coach. [online] Available at: https://www.mymoneycoach.ca/budgeting/what-is-a-budget-planning-forecasting [Accessed 11 Dec. 2016]. End your doubt 'should I pay someone to do my dissertation by availing dissertation writing services from