Essay on Ethical dilemma case - 709 Words

The institutionalization of business ethics: ethical dilemma case Laws and regulations are established by governments to set minimum standards for responsible behavior-society’s codification of what is right and wrong. The issues surrounding the impact of competition on business’s social responsibility arise from the rivalry among businesses for customers and profits. Intense competition sometimes makes managers feel that their company’s very survival is threatened. In these situations, managers may begin to see unacceptable alternatives as acceptable, and they may begin engaging in questionable practices to ensure the survival of their organizations. In the ethical dilemma case of Producto International (PI), Myron did a research about†¦show more content†¦Myron does not want to deny his promotion because his rejection can endanger his future in the pharmaceutical business industry. For now, he does not have much choice but to accept the position in the marketing team. Perhaps in a few years he will find a job with a more ethically responsible company. The disadvantage of Myron’s choice working on the project involves poor social responsibility. Any products or ingredients which present serious health damage (such as khat and betel nut tree) should not be sold or marketed to the public, or have these products should have warnings on the packages. This way, public can decide whether they wish to endanger their health or not to buy such products. Other disadvantages involve long-term reputation damage to the company and to Myron. Whenever PI will have lawsuits involving consumer complaints regarding PI’s products, Myron will be involved in a lawsuit as well, because he was a part of the research and marketing, and he was aware of dangers khat and betel nut tree present. This can lead to end of his career in the business pharmaceuticals industry. The role of laws is not so much to distinguish what is ethical or unethical as to determine the appropriateness of specific activities or situations. Laws establish the basic ground rules for responsible business activities. Most of the laws and regulations that govern business activities fall into one of five groups: 1) regulation ofShow MoreRelatedCase Analysis : Ethical Dilemma1318 Words   |  6 PagesTitle of Paper: Ethical Dilemma One INTRODUCTION Mrs. Smith, is an 81-year-old widow. She has been widowed for over twenty years. She has been very independent with some assistance from neighbors due to her son living out of the area and unable to assist. Recently, she has had issues with her independence. She has set two accidental fires that caused damages to her apartment, as well as had a recent fall in the bathtub. These issues have gained her son’s attention which has led him to requestRead MoreEthical Dilemma Case Study842 Words   |  4 PagesAn ethical dilemma is a situation by which its difficult to determine whether a situation is can be handled without disappointing both sides. Therefore, an ethical dilemma exists when the right thing to do is clear or when members of the healthcare team cannot agree on the right thing to do. Ethical dilemmas require negotiation of different points of view (potter, Perry, Stockert, Hall 2011pg 78). The case study briefly explains a situation between daughter and father regarding the fathersRead MoreEthical Dilemma Case1021 Words   |  5 PagesCASE ANALYSIS: Should we go beyond the law I. Ethical dilemma †¢ Nathan Rosillo is faced with an ethical dilemma. It seems that the river is the company’s least concern in its effort to make profit again. Here are the following issues that need to be addressed in this ethical problem: o First and foremost, standards from regulatory agency were loosened in such a way that wastes can now be directly dumped into Dutch Valle River. Nathan, finds dumping of wasteRead More Will the Real Lupe Garza Please Stand Up? Essay1216 Words   |  5 PagesAn ethical dilemma is defined as a moral issue, where a situation has two equivalent undesirable alternatives and neither choice will resolve the ethical predicament. Lupe Garza, mother of two children, is a temporary employee at a plant. Garza is an excellent and talented worker, and supervisors have taken notice in her skills. A human resource specialist named Sara Jones, mislead Garza in thinking she would unquestionably obtain a permanent job position at the plant, causing Garza to turn downRead MoreDuty to Warn Essays1522 Words   |  7 PagesDuty to Warn Jessica Hall PSYCH/545 09/4/2011 Dr. P. Duty to Warn The ethical dilemma I wish to explore is The Duty to Warn. This refers to the duty of a counselor, therapist to breach one of the most important bonds between a client and a therapist; the law of confidentiality. The therapist has the right to break confidentiality without the fear of being brought up for legal action. If the therapist believes that the client poses a danger, or is a threat to himself, someone else, or societyRead MoreThe Ethical Principles Of Respect For Autonomy984 Words   |  4 PagesThe case scenario presents Mark who has been involved in a car accident. Mark has suffered significant internal bleeding and needs a blood transfusion immediately for his survival. This has been clearly stated by his attending doctor. Mark is still conscious and oriented. Mark is a Jehovah’s Witness and receiving blood is against his religion. Mark signs a Refusal of Treatment document stating his wish not to receive a blood transfusion under any circumstances. His girlfri end, Pam, wants him to receiveRead MoreThe Ethical Dilemmas of Collecting Data and the Consequential Revision of Commodities, Culture and the Politics of Representations Definitions 1751 Words   |  7 Pagesinformation or data has become assets to companies, being regarded as property to be bought and sold to between companies. However, this has put forward the following primary ethical dilemmas surrounding human rights: the right to informed consent and the right to personal data. In addition to the creation of ethical dilemmas, the collection of human data has brought about a need for a revision of definitions. Commodities are known as a raw material or primary agricultural product that can be boughtRead MoreThe Role of a Nurse1565 Words   |  7 Pagesempathy, excellent communication skills both verbal and non-verbal. In some cases nurses are also required to become advocators for patients who are not able to communicate for themselves. A nurse is also required to be non-preju dice and understand and acknowledge other cultures and beliefs, for example some religions do not believe in blood transfusions, as a nurse it is important not to judge when faced with such a dilemma. It is paramount that the nurse is aware of each individual patient’s needsRead MoreRecidivism, And Its Potential Indicators Essay1320 Words   |  6 Pagesinsight into recidivism, as well as its nexus with mental health. However, as it currently stands, this proposal is riddled with ethical dilemmas. Israel and Hay (2005) identified non-maleficence, confidentiality and informed consent as the primary ethical conundrums researchers face and this is reflected in Doe’s proposal. Notwithstanding the presence of these ethical concerns, this essay will argue that they can be mitigated by altering research procedures. Enacting the alterations would assistRead MoreEthical Dilemmas Of The Workplace1538 Words   |  7 Pages1. Discuss an ethical dilemma that you have had to face in the workplace. Ethical dilemmas often occur when a manager or an employee is faced with two or more conflicting choices. Give as many facts and details as possible in describing your dilemma. The most difficult ethical dilemma I have dealt with was a summer job I had this past summer, while I was working for a bakery in my hometown. This past particular summer really tested what I believe is right and wrong and how to speak up. One of my

Shakespeare s Sonnets Reoccurring Themes - 1479 Words

â€Å"Parting is Such Sweet Sorrow†: Reoccurring themes in Shakespeare’s Sonnets. English poet William Shakespeare is known for his astounding works around the world. Sonnets are beautifully constructed and rear lasting truths about the world we live in. All of Shakespeare’s sonnets are in the form of an English sonnet. He used this method so frequently that it has coined the term the Shakspearian sonnet. Shakespeare has written a collection of 154 sonnets’, the first 126 sonnets address a young man and the last, about a woman (About†¦). It is believed that Shakespeare was a bisexual; a lifestyle not accepted in that period. Three of his most popular works were chosen to exemplify the overall theme. Sonnets 18, 29 and 116 were chosen from the 154 others because they are a few of the most popular of his works in this form. The individual theme, tone through diction, and meaning of the poems will be analysed to prove Shakespeare’s works are about the idealized power of love and immortalizing the subject. Sonnet 18 (Broadview Anthology 18) is the most popular of Shakespeare’s sonnets. It is the ideal love poem that truly embodies his love the individual he speaks so fondly of in this English sonnet. This sonnet takes power away from death by immortalizing the beloved. The beloved’s beauty will not fade; nor will she ever die because she will live on forever through this poem. The poem begins with him praising the beloved through metaphors and then shifts to praise his poem by makingShow MoreRelatedComparing And Contrasting Two Sonnets1141 Words   |  5 Pages Comparing and Contrasting Two Sonnets ‘Sonnet 116’ by William Shakespeare and ‘What Lips My Lips Have Kissed, And Where, And Why† by Edna St. Vincent Millay are both sonnets that discuss companionship and a glimpse of each poet’s experiences. In ‘Sonnet 116’, Shakespeare illustrates how capability is weakened by its metaphysical stereotype and ideals such as, love, while on the contrary, in ‘What Lips My Lips Have Kissed, And Where, And Why† Millay feeds on the chaos between the idealRead MoreWilliam Shakespeare s Sonnet 116944 Words   |  4 Pages ‘Sonnet 116’ by William Shakespeare and ‘What Lips My Lips Have Kissed, And Where, And Why† by Edna St. Vincent Millay are both sonnets that discuss companionship and a glimpse of the poets’ experiences. In ‘Sonnet 116’, Shakespeare illustrates how capability is weakened by its metaphysical stereotype and ideals such as, love which never seems to wither away according to Shakespeare while on the contrary, in ‘What Lips My Lips Have Kissed, And Where, And Why† Millay feeds on the chaos betweenRead MoreTo Be or Not to Be2049 Words   |  9 Pagesmost it leaves no question as to who wrote these infamous words. William Shakespeare is regarded by some as the greatest author within all of the English language. Regardless of one’s true opinion of Shakespeare’s writings, they continue to cycle their way from one generation to the next. His works still hold significant value within all levels of academic teachings. S hakespeare’s literatures range from poems and plays to sonnets. Once he gathered the notion of how the style of blank verse operatedRead MoreEssay on Emily Bronte Illusion and Reality3043 Words   |  13 PagesA consideration of how Emily Bronte, Tennessee Williams and Shakespeare consider the notion of illusion and reality in the context of a love story. Wuthering Heights follows the Romantic Movement, a movement within literature during the late 18th century with captured intense emotion and passion within writing as opposed to rationalisation. Emily Bronte’s main focal point within the novel is the extreme emotion of love and whether it leads to the characters contentment or ultimate calamity. ThisRead MoreEssay on Dramatic Effects in Romeo and Juliet III.12285 Words   |  10 PagesRomeo and Juliet is a sixteenth-century play written by William Shakespeare. Amongst the most renowned of Shakespeares plays, Romeo and Juliet is a tragedy that focuses on the fated relationship of two star-crossed lovers. The play focuses on themes of love and hate, mostly concerning the feud between the two opposing families, the Montagues and the Capulets. This play came at a time when such social events like courting were not just accepted, but expected. Witchcraft and fate were also stronglyRead MoreThe Tragedy Of Hamlet By William Shakesp eare2594 Words   |  11 Pages N. Julian A tragedy is a dramatic work that is about a character whose tragic flaw leads to his downfall and to the demise of many of the other characters. William Shakespeare was a playwright during the Elizabethan Era who was made famous for his literary works of tragedies, comedies and sonnets. One of Shakespeare?s most renowned tragedies is Hamlet. In this classic tragedy the protagonist, Hamlet, pursues revenge and seeks justice against the antagonist, Claudius, for the murder of King

Needs of Ifrs Education in India Free Essays

string(64) " urn should translate into a greater demand for IFRS expertise\." Needs of IFRS Education in India Prepared By Dr. Atul Bansal, Principal ,M. Com. We will write a custom essay sample on Needs of Ifrs Education in India or any similar topic only for you Order Now , LL. B. , PMIR, M. B. A (Fin. ), Ph. D. , MIAA, MICA C. Z. Patel College of Business and Management (S. P. University ), Vallabh Vidya Nagar – 388120. Distt. Anand ( GUJARAT) Mobile : 09377023808 Fax : 02692-236700 e. mail : dr. atulbansal@gmail. com Introduction â€Å"In the age of globalization India insulates itself from development taking place worldwide and it is imperative for us to make a formal strategy for convergence with IFRS to harmonize with accounting standards accepted worldwide. The global trend towards IFRS represents a significant change and opportunity for many investors, companies and capital market. IFRS a global set of accounting standards may provide benefits such as greater transparency and comparability of financial information across countries. As companies compete globally, the movement towards IFRS is rapidly becoming one of the most important issues for companies to address today. Starting April 1, 2011, India has made it mandatory for every listed company to adopt International Financial Reporting Standards or IFRS.One year is a very short time when it comes to a major overhaul of the accounting process. Currently, India has an extremely limited pool of resources that have any form of training or experience in IFRS. To broaden the pool of trained resources, it is important to incorporate IFRS training in colleges, universities, and the professional accounting syllabus of the ICAI. Initiative by individual institutions to come up with the task of providing training and expertise in IFRS will also go a long way as it’s a big task and ICAI alone will not be able to bridge the gap.This paper throw lights on importance and need of IFRS education in India, the extent to which IFRS are recognized around the world and explore the possibilities of implementing IFRS in the Indian Keywords: IFRS, Accounting, Research, Purpose, Applicability, Education, IASB, ASB , Consideration, Convergence, Access, Design, Implementation International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.The IASB is an independent accounting standards body, based in London. Importance of IFRS While converting to IFRS is a complex process, these standards have important and positive implications for organizations and individuals that adopt them. For companies: Reduced cost of capital and the ease of using one consistent reporting standard from subsidiaries in many different countries. For investors: Better information for decision making, leading to broader investment opportunities. For national regulatory bodies: Better information for market participants in a disclosure- based system. The Purpose of IFRSToday businesses are crossing their national boundaries, promoting the synchronization of accounting standards across the globe. The objective behind the IFRS is to create a common platform for better understanding of accounting, internationally. By adopting IFRS, a business can present its financial statements on the same basis as its foreign competitors, making comparisons Wider Applicability Furthermore, most jurisdictions that report under IFRS, in cluding the EU, mandate the use of IFRS only for the listed companies. However, in INDIA, IFRS would apply to a wider group of entities than their international counterparts.This is primarily because of a large number of private enterprises getting covered under the size criteria, based on their turnover and/or their borrowing. Companies also may need to convert to IFRS if they are a subsidiary of a foreign company that must use IFRS, or if they have a foreign investor that must use IFRS. It’s Time to Learn IFRS ICAI has announced convergence to IFRS by 2011 which is not far away, since firms would need to start preparing themselves right now to adopt this change. It is time to prepare for the change, which will bring substantial and significant business transfiguration.European Union 2005, Brazil 2010, Canada 2011, India 2011, Russia Undecided, Australia 2005, Israel 2005, New Zealand 2005 Conversion to International Financial Reporting Standards (IFRS) The adoption of IFRS compliant accounting standards in India will, among other things, allow Indian companies greater access to international capital markets. However, IFRS adoption is not without its challenges. For instance, companies that have already adopted IFRS have had to enhance their systems and processes to generate the requisite amount of information that is necessary for IFRS reporting.In addition, education and training are important for the company’s finance as well as general management staff. But perhaps the biggest challenge today is that of educating finance professionals so that they can reconstruct the global economy while adding value to their organizations. Need of IFRS Education ICAI, CII, C. Z. P. C. B. M and many private bodies are conducting IFRS awareness program through Seminars and Presentations and it is making the companies aware of the compulsion to prepare for the inevitable and how it is going to help.We believe that IFRS expertise demand could be fulfilled only through dedicated IFRS trainings and diplomas that equip finance professionals/ students with all necessary skill set required. â€Å"An IFRS Degree and Diploma holds great significance in a professional’s resume today. IFRS transition is a good opportunity for finance professionals in India as it holds a big business opportunity in the country and abroad. And as the norm is going to become a mandatory feature for Finance companies to adhere from 2011, the importance of professionals with an IFRS diploma will increase manifold.It will certainly act as a great tool to select the best professionals from the world of finance, thereby giving a major boost to the industry as a whole†. Many Indian companies have still not started investing time and efforts on the implementation of this transition process considering the overall lack of clarity on several key aspects. However, as this clarity emerges and the deadline draws closer, consultants expect to see a lot more companies working on implementing the changes and increasing their internal readiness through technical up gradation, process and technological changes which in urn should translate into a greater demand for IFRS expertise. You read "Needs of Ifrs Education in India" in category "Papers" â€Å"IFRS transition in Europe, Canada, South America and Asian countries including India is creating huge requirements of people having good understanding of IFRS. A person with IFRS expertise will prove to be a valuable resource having an excellent job opportunity†, opined Abhishek Asthana, Chartered Accountant and member of ICAI. Adoption of IFRS by a number of listed companies by 2011 would result in a sign ificant demand for IFRS resources. Substantially, all of these resources would need to be generated internally by training existing staff.So, Finance professionals and students should definitely gear up and focus on getting their hands on IFRS expertise to widen opportunities and strengthen their resume. Consistent, comparable and understandable financial information is the lifeblood of commerce and investing. Presently, there are many sets of reporting standards applicable in different parts of the world. In search of a new financial order: one global standard for financial reporting makes sense. 50% of Indian accounting standards are similar to IFRS, but does that mean that fifty percent of our problem is solved?Answer is definitely a No. A big difference between Indian GAAP and IFRS is that accounting in India is not only governed by accounting standards but also by various legislations and governing bodies like Income Tax Act, Companies Act, SEBI, etc. In case of divergence between accounting standards and these legislations, accountants usually prefer a way which is most beneficial to them, says Abhishek Asthana, an IFRS expert, Chartered Accountant and member of ICAI. However, IFRS is not less than a law. All key areas and financial results may vary considerably on transition to IFRS.The key differences between Indian GAAP and IFRS: Firstly, under IFRS, a company would be able to recognize revenue with reference to stage of completion, if and only if, the agreement transfers control to the buyer, as well as the significant risks and rewards of the ownership of the work. But the guidance note and accounting standards issued under Indian GAAP considers it appropriate to recognize revenues once there is a legally enforceable agreement for sale and other conditions for recognition of revenue are met.Secondly, under IFRS, if certain non-employee obligations are settled through ESOP, IFRS will require fair value accounting for such options and cost differential between grant price and fair value will have to be recognized. Moreover, subsidiaries will need to account for the ESOP costs for options granted to its employees by the parent company. This is likely to have a major impact in the c ase of multinational subsidiaries operating in India, since many of their senior executives are given stock options in the parent company listed in the US/global markets, and where such accounting was not required under Indian GAAP so far.Thirdly, IFRS entails discounting of future receivables and payables to their current values using expected interest rates. The application of time value of money concept will have impact on the amounts recorded for long-term security deposits, payables falling due after one year and revenues earned in advance for long-term contracts/ arrangements. Fourthly, Companies will also have to comply with IAS 39 on financial instruments, particularly with regard to accounting for derivatives. Under IFRS, hedge accounting is permitted for such transactions provided certain conditions are met.Fifthly, IFRS requires use of fair value. Whereas Indian GAAP follows historical cost convention except for fixed assets-which could be revalued. For tax purposes, the potential problem with fair value accounting is that it gives rise to the recognition of unrealized profits and losses. The question is whether these profits should form the starting point to calculate taxable profits where no specific tax rule currently exists to the contrary. Sixthly, Entities in India prepare their financial statements in Indian rupees while under IFRS reporting is required under functional currency, i. e. he currency of the primary economic environment in which the entity operates, which may be different from the local currency. For an Indian entity it is possible that a significant portion of revenues may be derived in foreign currencies, pricing is determined by global factors, assets are routinely acquired from outside India and borrowings may be in foreign currencies. All these factors need to be considered to determine whether the Indian rupee or foreign currency is indeed the functional currency. Convergence to IFRS is not a mere accounting exercise but will have significant business implications.Hence, companies would augur well to start preparing early and not wait for the last moment to rush to. Suggestions for Improvement Adoption of IFRS by a number of listed companies by 2011 would result in a significant demand for IFRS resources. Substantially, all of these resources would need to be generated internally by training existing staff. So, Finance professionals and students should definitely gear up and focus on getting their hands on IFRS expertise to widen opportunities and strengthen their resume. Central and state government should adopt IFRS Education system.Improvement programs i. e. symposium, seminar is helpful for IFRS system. Graduate level accounting syllabus should be modified as per Latest Aspects of accounting including IFRS. University Grants Commission [UGC] and All India Council for Technical Education [AICTE] adding IFRS Accounting System in the Universities and Institution course curriculum. Looking at the present scenario of the world economy and the position of India convergence with IFRS can be strongly recommended. But at the same time it can also be said that this transition to IFRS will not be a swift and painless process.Implementing IFRS would rather require change in formats of accounts, change in different accounting policies and more extensive disclosure requirements. Therefore all parties concerned with financial reporting also need to share the responsibility of international harmonization and convergence. Keeping in mind the fact that IFRS is more a principle based approach with limited implementation and application guidance and moves away from prescribing specific accounting trea tment all accountants whether practicing or non-practicing have to participate and contribute effectively to the convergence process. There is an urgent need to address these challenges and work towards full adoption of IFRS in India. The most significant need is to build adequate IFRS skills through IFRS Education and an expansive knowledge base amongst Indian accounting professionals to manage the conversion projects for Indian entities. This can be done by leveraging the knowledge and experience gained from IFRS conversion in other countries and incorporating IFRS into the curriculum for professional accounting courses.References 1. Lantto, Anna-Maija and Sahlstrom, Petri (2009). Impact of International Financial Reporting Standard adoption on key financial ratios. Accounting and Finance, 49, 341–361. a 2. Armstrong, Chris S. , Barth, Mary E. , Jagolinzer, Alan D. and Riedl, Edward J. (2009). Market Reaction to the Adoption of IFRS in Europe. Accounting Review Forthcoming. 3. Daske, Holger, Hail, Luzi, Leuz, Christian and Verdi, Rodrigo S. (2008). Mandatory IFRS Reporting Around the World: Early Evidence on the Economic Consequences. ECGI – Finance Working Paper No. 198/2008; Chicago GSB Research Paper No. 12. 4. Callao, Susana, Ferrer, Cristina, Jarne, Jose I. and Lainez, Jose A. (2009). The impact of IFRS on the European Union: Is it related to the accounting tradition of the countries?. Journal of Applied Accounting Research, 10(1), 33 – 55. 5. Ramanna, Karthik and Sletten, Ewa (2009). Why do Countries Adopt International Financial Reporting Standards?. Harvard Business School Accounting Management Unit Working Paper No. 09-102. 6. Barry J. Epstein and Eva K Jemarkowicz ‘IFRS’ John Wiley Sons, Ltd IASB Due Process Handbook of International Accounting Standards Committee Foundation . 7. Ralph Tiffin’ â€Å"The Complete Guide to IFRS including interpretation†, Thorogood Publication, London. 8. http://www. researchandmarkets. com/reports 9. Web: www. iasb. org How to cite Needs of Ifrs Education in India, Papers

Sole Proprietorship and World free essay sample

It is becoming a huge aspect of social life as well as communications. We are seeing more of the workforce not having to commute, but work from home, which can change the way we design living communities. It is bringing education to those that dont have schools more everyday as well. The world needed major changes and they did come. Technology gave the world what it needed to be in the shape and form it’s in now. Inventions kept coming and the world kept spinning. Changes in the world were major and better, things stopped being so crowded and a lot of things that happen stopped, because they had a better way of doing things; once technology built on to what helped the problem pass on. It changed people lives and helped them organize them better and faster. It’s also helping scientists discover and invent new things. In the business world technology changed things, also. We will write a custom essay sample on Sole Proprietorship and World or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It has changed in a form to help the business world move faster and revolutionized almost beyond recognition in the past few decades. Communication and information in the business world travels faster and faster, the world seems smaller and smaller as technology takes place of how things are going. For instance, computers hold more things in place and are more organized than filing cabinets and drawers. On a computer you can just save and make sure that everything is in place. When it comes to organizing in a filing cabinet or a drawer, things get sloppy and you have to reorganize them again. With the internet being around for nearly a quarter of a century, it has changed in both the private and business sector. Internet teaches the world and people how to do things in better ways than normal. The internet became one of the biggest resources that the world has today. The internet shows multiple ways of doing things and giving people the freedom of their own. The Internet has given humans more freedom than ever, because the internet is not a sole proprietorship, the government does not manage the internet, but the internet is managed by the users. Families and friends can keep in touch, share photos and with the addition of the webcam can see one another. Communication on the internet is faster and easier with email and chat rooms. Researching on the internet is another big aspect to the internet and the computer. Researching and the internet has a lot in common, you can find things on the internet to put into essays and just doing research in general. Without the internet, we would still be in the library for hours trying to find things that need to be researched. In conclusion, I think that technology has brought the world into an better aspect and it has brought better ways into the world than what we have being expecting. Without technology this world would be lost and the people in this world would just be zombies. Especially with going to school and trying to get an education. Nothing would be able to succeed in this world. All these things that have been made with technology alone have been a great invention and have passed on itself after generation and generations. Things that have been in technology will forever be remember and will live on in the technology world.

5-Paragraph Essay on Abraham Lincoln

5-Paragraph Essay on Abraham Lincoln 5-Paragraph Essay on Abraham Lincoln Abraham Lincoln, the 16th president of the United States, was born on February 12, 1809 and died at the age of 56 on the 4th day of March 1861. Lincoln was the president of the United States for four years from 1861 to 1865. Lincoln was born in Hardin County in the state of Kentucky in a small cabin that only had one room. His parents, Thomas Lincoln and Nancy Hanks were farmers who had a large track of land that measured 348 acres on which their cabin was situated. His parents were uneducated, however. Lincoln’s political career began in 1832 when he created a political campaign for a political party known as the Whig Party. This party was based on efforts that sought to improve navigation on the neighboring river. Ten years later, Lincoln married the love of his life, Mary Todd, with whom he had four sons. Unfortunately, only one of his four sons did not survive into adulthood. Lincoln’s participation in active national politics took a turn for the better in 1842 when he campaigned and was elected to the US House of Representatives. While at the House of Representatives, Lincoln accomplished a number of things including accrediting the American-Mexican war to then president, Polk. Lincoln was, however, not a popular figure with the democrats, due to his speeches that tended to go against the beliefs of the Democratic Party. In 1960, Lincoln’s political star had grown so much such that he was nominated by the Republican Party to become their presidential candidate. His temperate views on the issues of western origin and slavery are said to have significantly contributed to his preference as a Republican candidate. Throughout the election period, Lincoln did not give any speeches but instead gave the Republican organization charge of any speeches that were required. On the 6th day of November 1860, Lincoln assumed the highest office in the US when he was elected to the office of the president of the land. It was during Lincoln’s presidency that the Civil War began. This war began in the year 1861 and ended up consuming a large portion of Lincoln’s time as the president of America. Biographies of Lincoln report that Lincoln often found himself very frustrated by the events that were taking place in the war. The war eventually ended on the 9th day of April 1865 when Robert Lee decided to surrender in Virginia. The 14th day of April, 1865 is a popular day in Lincoln’s presidency because this is the day when, inside the Ford’s theater, Lincoln had gone to watch a play without his bodyguard who apparently had knowledge of the president’s planned assassination. It was while Lincoln watched the funniest part of the play, while seated on the balcony, that he was shot point blank in the head by John Wilkes Booth who had hoped that the noise from the cheers and laughter would swallow up the noise of the gunshot. Booth was captured, however, and the president passed away a few hours later. How to write a five paragraph essay about Abraham Lincoln: In the first paragraph, introduce your thesis. Make sure that you choose a contradictory thesis statement, otherwise, there wont be anything to support with further arguments. Take three major arguments that support your thesis and build three separate paragraphs to describe and support them. Dont forget to add your own opinion, but avoid being too emotional in it. Do you need a top-quality custom essay about Abraham Lincoln? Visit and order a custom written essay now!

Franz Boas on Fashion Deviation essays

Franz Boas on Fashion Deviation essays Franz Boas believes that, any action that differs from those performed by us habitually strikes us immediately as ridiculous or objectionable (Jacobus, 606). This is true, particularly when it comes to deviations from the implied dress code of society. Boas uses examples such as: formal dress worn in casual places, and out of style clothes from past centuries worn today. When we see this, we automatically think the person wearing these things is outlandish. Culture in San Antonio, Texas is very diverse and there are many different opinions of what is acceptable to wear and what is unacceptable. In some communities, people are dressed in exceedingly baggy pants and t-shirts. In other areas the dress is more traditional: nice pants, shirts and classy dresses. In each region, if someone strays from these guidelines, they are immediately thought to be abnormal. Dress isnt an indication of sanity, but people often treat it like it is. They label those who dress differently as weird and treat them crudely, unjustifiably. In most cases, when someone strays from the normal code of dress, the person is simply trying to express him/herself. They feel the need to be independent and individual, so they do something different from what everyone else conforms to. They like and accept who they are, and they show it through their clothing. They arent trying to make a scene, or cause a stir, they do it for themselves. In some cases, however, the non-conformists are trying to arouse reactions from those around them. They are seeking attention, and by wearing unusual clothing they usually get it. Your eye is naturally drawn to something out of the ordinary. If in a sea of people dressed in black there is a man wearing bright orange, who is your attention focused upon? The orange guy, of course! These days, there are more and more orange guys out ...

POL 300 INDIVIDUAL WRITING ASSIGMENT Essay Example | Topics and Well Written Essays - 750 words

POL 300 INDIVIDUAL WRITING ASSIGMENT - Essay Example In this case, the first example from a Presidential address, would be from January 1961 and John Kennedy’s address to the nation, after being elected the nation’s 35th President of the United States. The following would be an excerpt from Kennedy’s address to the world: In taking with the notion of idealism, another concept to consider would be the idea of being realistic about something, or exhibiting realism. By assessing the provided addresses given by chief executive’s, the example to use first would be the address given by President Richard Nixon. The following citation would come from the second address that he would have given in January 1973. In his speech, Nixon makes mention of America’s role in preserving peace globally. In the second paragraph of his speech, he asserts that, â€Å"It is important that we understand both the necessity and the limitations of America’s role in maintaining that peace,† (Nixon, 1973, para. 2). A realistic viewpoint in that, as Nixon himself asserted, America would have a position of aiding in the goal of protecting global peace but in the end, would have limitations that it should remember. Lastly, the final concept to observe would be national interest. The example for this concept would be the second address given by US President George W. Bush, in January 2005. At the end of the section of his address, Bush makes known the following: The example used from President George W. Bush’s speech in 2005, would in fact be a mixture of both national interest but also, would possess an element of idealism to it. In asserting the interest of maintaining that which the nation would have taken on, he also seeks to assert the idealism of providing the gift of freedom to those who, had it not been for such an act, may not have had the opportunity to experience freedom for themselves. After considering the viewpoints provided

Leadership assessmt 2 Essay Example | Topics and Well Written Essays - 500 words

Leadership assessmt 2 - Essay Example Davis created a team to lead a centralized call center. One of the purposes of the call center was to become proactive in planning and inventory forecasting. The use of teamwork encouraged by Davis helped the company improve its organizational culture. The firm has become more flexible and adaptive which made the company more aligned with the business environment of the 21st century. Davis encouraged in state competition. He did not use competition between states to lower the risk of dysfunctional behavior occurring due to the consequences of competition. The use of competition can lead to negative behaviors such as people lying to each other and mistrust among colleagues. Competitor can also lead to people stepping on each other in order to get ahead in the corporate ladder. Another potential negative aspect of competition is that it can intensify the work conditions and environment which can lead to work related stress. Employees can become burn out due to the excessive use of competition. Competition can encourage individualism instead of cooperation. Employees that got involvement in team sports in the past are more likely to become good team players in the corporate world. Recruiters of talent look positively to a candidate having prior involvement in sporting teams. Team sports teach players important skills such as learning to cooperate with others and build bonds of trust among teammates. Sports also teach people values, discipline, and encourage good physical health. Sports teach people how to work together as a cohesive and united team. Being a good team player in the business world is an asset because cooperation and teamwork are skills that needed in corporate America. In order to implement teamwork at CCA Davis opened up the lines of communication among the workers and the managerial staff. Open communication enables the free flow of ideas. These ideas can be used by teammates to find

The influence of credit risk in financial institutions Research Proposal

The influence of credit risk in financial institutions - Research Proposal Example Financial institutions primarily play a role of assisting the flow of funds from various ‘individual surplus units’ to ‘deficit units’. Financial institutions comprise of commercial banks, finance companies, savings institutions, credit unions, money market funds, mutual funds, pension funds and insurance companies (Madura, 2008). Adequate management of the credit risk in the financial institutions is a critical aspect for the growth and survival of the institutions. If a financial institution fails to control risks like that of credit risk then it can lead to insolvency (Wenner & Et. Al., 2007). The recent financial crisis had a major impact on the worldwide financial system. Managing risk and capital requirements in the various financial institutions have turned out to be an utmost necessity. Financial institutions generally have a quite complex structure related to liability. Credit risk of a financial institution is considered as a function of market val uations of the institution’s asset portfolio and its leverage (Chen & Et. Al., 2009). Thereby, the study aims to critically discuss the influence that the credit risk generally has on financial institutions. Aim of the Study & Specification of Objectives The aim of the study is to recognise the significant and influential capabilities of credit risk in financial institutions. The relevance of the study can be judged from the fact that in terms of financial risks that a financial institution face, the credit risk or default risk is considered to be one of the most significant and critical risk factors that every financial institution endeavours to mitigate to protect the financial institution and its consumers from insolvency. Objective of the study is to analyse and identify influence of different credit risks on financial institutions such as default risk; credit spread risk, sovereign risk, downgrade risk and counterparty risk. Therefore, a few questions that can be conside red are: What is the credit risk? What is the influence of credit risks on financial institutions such as commercial banks, insurance companies, savings institutions and others? What are the ways by which credit risks are being mitigated by financial institutions? In order to find answers to these questions scholarly articles, books, journals and others will be observed and used to identify the relevant aspects related to the study. Literature Review According to Investopedia (2011), credit risk can be identified as a risk if an individual or a company will be incapable to pay the principal or contractual interest on its debt obligations. This type of risk is mainly concerned with the investors who generally hold bonds within their portfolio. Government bonds, primarily issued by the federal government, are considered to have the slightest amount of default risks as well as lowest amount of returns. Corporate bonds have a tendency to have the highest level of default risks but it al so provides higher level of interest rates. Bonds that hold higher chances of being default are measured to be junk bonds, whereas, bonds that have lower chance of default are generally

Structure of the Federal Reserve System and Banks

Structure of the Federal Reserve System and Banks The structure and mission of the European Central Bank, The Bank of Japan and The People’s Bank of China. Do any of these central banks resemble the structure of the Federal Reserve System? If so in what ways? Abstract The central bank is the national currency issuers, is countrys bank, is banks bank. Different countries have different central bank structure and mission. Different structure and mission will influent the independence of the central bank.[documents] Therefore, this topic mainly around the ECB, FDS, PBOC and BOJ to compare their structure and mission. Specific analysis following aspects: capital structure, power structure, organization form, operation and supervision department, objective and monetary policy tools. Using these contains to analysis the influence of these aspects for central bank independence. It will mainly compare to the similar and difference between these four central bank. Our results indicate that power structure is the main factors influencing the independence of central bank. The capital structure has no great effect to its independence. Due to the nature of central bank, different central banks have similar missions. Their monetary tools are also very similar, mainly through open market operations and reserve requirements. Finally, we find that European central bank have highest independence in comprehensive view.The second highest independence is FRS. PBOC has lowest independence between these four central banks. The main reason is that PBOC is the only one directly belong to thethe State Council. It means PBOC is a government apartment. But there also have other influent factor about independence which analysis in the article. Introduction As the main implement institutions of monetary policy in a country, central bankshas a very important position for the countrys economic development. Meanwhile, it has a vital influence for the social employment security stability and price stability.Due to the different economic backgroundand organization structure in the different country, its structure and the mission of the central bank is not entirely same. Therefore, this report mainly compared the similarities and differences between four central banksthrough detailed analysis their structure and functions.At the same time, this article aims to discuss whether these differences will bring different level of central bank independence. Central bank independence is a significant problem. Lots of previous academic studies have shown that independence is an important factor to influence the national inflation rate. Additionally, the structure of this paper is as follows. Section 2 provides a literature review on the different aspect and effect of central bank structure and mission. Section 3 explains the specific aspect of structure and mission in our case study. It has 3 parts, capital structure, power structure, missions and independence of central bank. Section 4 is a summary of the papers findings.Previewing our results, we find that missions of central bank are similar because of the central bank nature.Asà £Ã¢â€š ¬Ã¢â€š ¬the same time, difference power structure will lead different independence, then affect monetary policy and the rate of inflation. 2. Background Literature According to the existing literature in central bank structure, as Schoenmaker (2013) points out, it can divided into several aspects: Banks capital structure and quantity, level of economic development, level of central bank independence. ButD. Schoenmaker (2013) mainly through the analysis of inflation index to evaluate independence, because the central bank’s common methods is through monetary policy to control inflation then keep the economic stability. First, about central bank capital aspect, animportant research results isCBFS modelwhich created byPosso and Tawadros (2013).It shows that central Banks capital strength and the rate of inflation is inversely related. But, in oppose, another view fromStella (1997)thinks that the central bank does not need a lot of capital because it is hard become bankrupt.However, in our opinions, enough capital can give central Banks greater ability to face risk. Therefore, based on this view, we will compare the capital structure between ECB, FED, PBOC and BOJ. After that, we reviewed power structure of central bank aspect. It is mainly around the external organizational form and branch institutions. Meanwhile, we consider different central bankstructureand task determines its independence. At present, we find that a lot of economics research thinks that independence and inflation rate is negative correlation. One of results fromArnone and Romelli (2012)has great guiding significance .Arnone and Romelli(2012) not only test the developed countries central banks, like FED,BOJ. Their panel data also included lots of central banks from developing countries. But, however, they do not compare the difference between developing country and developed country. So, our research will pay more attention to this problem. Thirdly, review the literature for central bank mission research, Schoenmaker (2013) was made research and analysis for this. He considers central Banks have two major objectives: monetary stability and financial stability in the traditional views.But we find that many countries have modified its development goalsmany timesin recent decades, especially the reform of PBOC in 2003.Because the development of economic. So, our research will use our four countries latest laws and regulations as a basis to comparison their mission. 3. Analysis 3.1 Capital Structure Capital funds of central bank offered from the state or private or both. The source of capital funds will affect central bank system. It can be separate to state-owned, half state-owned and private-owned.. The capital structure of PBOC is quite single. It is fully owned by the state.In Article 8 of the peoples bank of China act (2003) point out that all the capital of PBOC are invested by the state, it shall be owned by the state. Nowadays, PBOC’s reserves areUS$3.201trillion. Meanwhile, BOJ capital structure is half state-owned. Bank of Japan is capitalized at 100 million yen in accordance with the Act. About 55 percent of the capital is subscribed by the government. Banking Act from Japanregulated that the BOJ do not set shareholders meeting. Shareholders can not join BOJs operation.Shareholders rights is only to get dividends per year and highest do not exceed 5%. The FRS is private equity capital form. All capital provided by private shareholders investment, after authorized by the government, then to perform the function of central Banks.FRScapital funded by12member Banks of federal reserve bank. Thesemember bank subscribe shares, get dividend per year in accordance with the stake, the highest dividend do not exceed 6%. ECB isSimilar to FRS. Itis also has share subscription, but all of share hold by member states in European Union. The amount of capital contribution is decided according to each member’s GDP proportionand populationproportion in EU.The ECB’s capital amounts toâ‚ ¬5billion.Reserves are 526 euro in total now. It can be find that only PBOC capital provided by government. Other three central banks have stock subscription. ECB is most similar than FED, all of capitalare funded by member banks or national member banks. However, this part only compared capital structure and reserves between these four banks. It is unable to see that the capital structure influence on independence, so later will compare the power structure 3.2 Power Structure 3.21 External Organizational form and branch institutions These four central bank external organizational form can be spate to 3 kinds: unit central bank systemà ¯Ã‚ ¼Ã…’Dual central bank systemà ¯Ã‚ ¼Ã…’Multinational central bank system. PBOC and the BOJ are unit central bank system. It means that a country only to set up a unified central bank to exercise power and dutyof the central bank. Central bank itself is unified, its branch institutions generally direct managed by central bank. Most countries adopt the wayat present. Because this mode is conducive to national manage and macroeconomic control. As the same time, it is obviously to limit level of branch institutions independence at central bank. FRS power structure is different from Japan and China.It use dual central bank system, means that the central bank system is composed of two parts: central (the board of governors) and local (member of Federal Reserve Bank). These two parts are relatively independent. The board of governorsis the highest financial decision-making body. Local accept the supervision from central. But local has rights in the concrete implementation and daily operation. So, local have their own independence. The Federal Reserve System divid es 12 areas, each area to set up a federal reserve bank. These 12 banks have independence in their own area. Additionally, ECB is Multinational central bank system. ECB and 27 national central banks compose to ESCB. National bank has own independence. So, we can find that ECB has highest level of independence because it not control by any government or state. The local also have own independence to operate. Similarly, FRS also has high independence level. 3.22 Inside Financial manage and supervision Although central bank not operate for profit, but itstill hasoperating income. Among these four central banks, BOJ and FRS revenue will belong to their countrys ministry of finance after dividends payment. Dividends payment proportion has been given in Section 3.1. In addition, at internalsupervision aspect, they have own supervision department respectively. At external supervision, it mainlysupervised fromgovernment with legal methods. Seminally, PBOCs all profits also belong to the ministry of finance in China, same as Japan and US. But supervision aspect, China was explicitly stipulated in the law amendment in 2003(PBOCs Act): the PBOC as a department under the state council of China, belong to the government departments. So, PBOC isdirectly regulated and supervise fromgovernment. ECB is different than other three banks, it has own financial independence. Operate revenue control by itself. ECB can make own budget. In supervision aspect, it accepts European Union rules. ECB should take responsible to offer report to European Parliament, the European Commission, and the Council of the European Union. But ECB do not control byany country or government. So, obviously, ECB have more independence in financial aspect than others. 3.3. Missions As a non-profit financial institutions,the mission ofthese central banktrends to be consistent: play its functions effectively andachieve their core goal. The main way is through monetary policy, to keep price stability, to promote economic development. According to the ECB official website state, the European Central Bank and the national central banks together constitute the Euro system. The main objective of the Euro system is to maintain price stability: safeguarding the value of the euro. In Japan, the Act sets the BOJs objectives is ‘to issue banknotes and to carry out currency and monetary control’ and ‘BOJ shall be aimed at achieving price stability’ Similarly in China, the Act of PBOC (2003) points out that PBOC’s missions are: to formulate and implement monetary policy, to maintain price stability, to provide financial services. In the US, the Board of Governors of the FRS and the Federal Open Market Committee shall ‘maintain long run growth of the monetary and credit aggregates commensurate to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates. (1977 Federal Reserve Reform Act specified) Monetary policy tools To sum up, we could find that these central bank’s missions all around to keep price stability. It is determined by the central bank’s nature. But their also has some different. For instance, the US also clearly point out FRS should maximum employment and moderate long-term interest rates. Similarly, their monetary policy tools also trends to be consistent, all mainly to use two methods: open market operations and reserve requirements. 3.4 Independence As background literature described, independence is an important aspect to the central bank. This part is extended based on above analysis, to compare these several central bank independence. In the angle of structure, despite these four central banks has different capital structure, but it didnt have obvious effect to independence. Because shareholders do not to participate operations, only charge a small amount of dividends. In organizational form aspect, BOJ and PBOC independence is lowest. Americansdual central bank systemgives more independence between the central and local. In this aspect, ECB system is similarly with FRS. In financial aspect, the biggest independent central bank still is ECB. Becauseother three central bank’s revenues are belong to their national Treasury. About supervision, except PBOC is directly control by government, other three central banks have great independence. They have their own internal supervision mechanism and external legislative intervention by the government. 4. Conclusions On the whole, we find that ECB, BOJ, FRD and PBOC missions are consistent. It is mainly around to keep price stability. Through the contrast of central banks objective and monetary tools also reflects their similarity. With the research of central bank structure and independence, ECB has highest independence,resemble to FRS.It should be mention that the ECB does not public members vote process, so the independence has been questioned in recent years. However, it is no doubt that the worst independence of central bank is PBOC. It is mainly caused by nationalization of the structure. In addition, our study is based on theoretical angle, around power structure and missions’ analysis, to evaluate its independence. It has not using quantitive data.But reference toMasciandaro,ect.(2008)released specific quantitative rating of the independence of the central bank, (A total of 19 criteria are identified to assess the degree of supervisory independence, and 21 for accountability.) the data are consistent with our analysis. They measured thatPBOC independence index is 0.47 and BOJ is 0.34. ECB and FRS independence is significantly higher. Thus, it could prove our results correctness. References Arnone, M., Romelli, D. (2012). Dynamic central bank independence indices and inflation rate: a new empirical exploration.Paolo Baffi Centre Research Paper, (2012-118). Masciandaro, D., Quintyn, M., Taylor, M. W. (2008). Inside and outside the central bank: Independence and Accountability in Financial Supervision: Trends and Determinants.European Journal of Political Economy,24(4), 833-848. Posso, A., Tawadros, G. B. (2013). Does greater central bank independence really lead to lower inflation? Evidence from panel data. Economic Modelling,33, 244-247. Schoenmaker D. (2013),Chapter 28 -Central Banks RoleinFinancial Stability HandbookofSafeguarding Global Financial Stability,271-284 Stella, P. (1997).Do central banks need capital?. International Monetary Fund.

World War II Essay -- History, War, Normandy Beaches

Starting with the hedgerows of the Normandy Beaches to the Bulge to the Surrender of Germany on June 7, 1944 to May 7, 1945 Ambrose tells an authentic story of World War II from the point of view of the men who battled in the war. The author explains the narrative of the â€Å"GIs, junior officers and enlisted men â€Å" (Ambrose 14), proved Hitler wrong by driving his Wehrmacht back from the beached of Normandy back to Germany. One of the greatest lessons that the reader can learn from reading the book, Citizen Soldiers is that the success of war is heavily relied upon by the junior officers and non-commissioned officers on the front lines. As the title suggests, Citizen Soldiers is not so much a study on tactical moves as it is on the citizen soldier from all parts of the United States. The book concentrates on the American GI Joe and not the Allies as a whole. The Gis were all American boys who believed in their cause, they drafted or had enlisted voluntarily, but only a few wanted to be at war, and Ambrose stated, Citizen Soldiers is not about â€Å"the generals, it’s about the junior officers and enlisted men of ETO---who they were, how they fought, why they fought, what they endured, [and] how they triumphed† (Ambrose 13). The epic drama of the European Theater of Operation (ETO) is told by Ambrose by following, almost step by step, various individuals and outfits among the tens of thousands of young Allied soldiers who broke away from the deadly beaches of Normandy and swept across France to Ardennes, fought the Battle of the Bulge, captured the bridge at Remagen, and crossed the Rhine to final victo ry in Europe. Ambrose notices that the U.S. ruined the Nazi war machine with considerable aerial bombing, artillery, and the great mob... ...that Germany was on the defensive side of the Western Front, reinforcements became ever more important. Yet as Ambrose explains the Germans could just not tactically keep the Allies in check with reinforcements. Resulting into withdrawal after withdrawal, which lead into another German tactic. The German technique of departure was that of being unhurried and expensive. They left little to the Allies and damaged everything in their withdraw trail. They also used malicious methods to dismember Allied troops such as mines and other nasty surprises. By portraying several German surrenders, Ambrose paints the picture that Germany had lost its compassion and need for traditional warfare. In since they had had enough and as Ambrose tells they were quick in many circumstances even humorous to some extent, to surrender, which would ultimately be Germany's last war tactic.