Manufacturing Engineering Essay Example | Topics and Well Written Essays - 500 words

Assembling Engineering - Essay Example Machine administrators taking a shot at holonic frameworks center their action around complex critical thinking (Oborski and Szafarczyk 2001). Fractal and bionic assembling thoughts propose fabricating framework execution improvement by focusing on work association factors dependent on self-governing gatherings. The human administrator additionally assumes a fundamental job in PC coordinated assembling (Nagalingam and Lin 1999). Those new assembling designing standards are planned for making alleged propelled fabricating building frameworks. In such frameworks, a few components are conclusive for progress: innovation, data handling and human factor. In addition, those variables must exist together. One of the most critical and not yet refreshing variables in this mix is the collaboration of specialized frameworks and the human administrator. The proposed examination will be founded on progresses in socio-specialized methodology in Manufacturing Engineering. The socio-specialized way to deal with framework configuration was presented by the Tavistock Institute of Human Relation in London in the mid nineteen-fifties.

Blitzkrieg Essay Research Paper The First Phase free essay sample

Quick assault Essay, Research Paper The First Phase: Laterality of the Axis Man for grown-up male, the German and Polish powers were an even lucifer. Hitler submitted about 1.5 million military faculties, and the Polish boss, Marshal Edward Smigly-Rydz, expected to mobilize 1.8 million. That was non the entire picture, in any case. The Germans had six panzer ( defensively covered ) and four mechanized divisions ; the Poles had one heavily clad and one mechanized unit and a couple of protected battle vehicle contingents. The Germans # 8217 ; 1600 airplane were generally of the most recent sorts. One-portion of the Poles # 8217 ; 935 planes were neglected. Result of German Blitzkrieg on Poland On September 1, 1939, Germany attacked Poland. The Polish ground powers anticipated that the attack should tag along the Polish wildernesses. Yet, Hitler presented another kind of war called a quick assault, which implies? lightning war. ? Influxes of German aircraft focused on railwaies in Tczew, appeared here, which injured Polish military preparation. Several protected battle vehicles crushed through Polish barriers and folded profound into the state. The Poles contended energetically, however on September 17, the Soviet Union attacked their state from the E. By the terminal of the month, Poland had fallen. The Blitzkrieg in Poland Clean vital way of thinking required a firm guard of the entire outskirts and anticipated a few hebdomads of starter skirmishing. It was wrong on the two checks. On the forenoon of September 1, moving edges of German planes hit the railwaies and miserably growled the Polish activation. In four more yearss, two ground powers gatherings? one on the north out of East Prussia, the other on the south out of Silesia? had gotten through on nearly restricted foreparts and were coordinating shielded leads on quick pushes toward Warsaw and Br # 234 ; st. This was raid ( lightning war ) : the use of shield, air power, and traveling foot in a tweezers movement to encompass the adversary. Between September 8 and 10, the Germans surrounded Warsaw from the North and South, pin bringing down the Polish powers west of the capital. On September 17, a second, further bar shut 160 kilometer ( 100 myocardial dead tissue ) E, close to Br # 234 ; st. On that twenty-four hours, too much, the Soviet Red Army jumped over the limit line. By September 20, basically the entire state was in German or Soviet authorities, and simply stray pockets kept on opposing. The last to surrender was the post at Kock, on October The Blitzkrieg in Poland Clean key way of thinking required a firm guard of the entire outskirts and anticipated a few hebdomads of fundamental skirmishing. It was inaccurate on the two checks. On the forenoon of September 1, moving edges of German aircraft hit the railwaies and pitifully growled the Polish preparation. In four more yearss, two ground powers gatherings? one on the north out of East Prussia, the other on the south out of Silesia? had gotten through on relatively thin foreparts and were coordinating heavily clad leads on quick pushes toward Warsaw and Br # 234 ; st. This was quick assault ( lightning war ) : the use of protective layer, air power, and itinerant foot in a tweezers movement to encompass the adversary. Between September 8 and 10, the Germans surrounded Warsaw from the North and South, pin bringing down the Polish powers west of the capital. On September 17, a second, further barricade shut 160 kilometer ( 100 myocardial dead tissue ) E, close to Br # 234 ; st. On that twenty-four hours, too much, the Soviet Red Army jumped over the limit line. By September 20, for all intents and purposes the entire state was in German or Soviet authorities, and only wanderer pockets kept on challenging. The last to surrender was the stronghold at Kock, on October 6. Course of the War In a couple of hebdomads of quick assault ( ? lightning war? ) , motorized German divisions overpowered the evil prepared Poles, taking western Poland. The Soviets, non to be beaten, held onto the eastern part. Supported by progress, in 1940 Germany gulped Denmark, Norway, and the Low Countries and attacked France, which immediately crumbled. English and Gallic powers were swiftly emptied from Dunkerque to England. Hitler so barricaded Britain with pigboats and besieged the state with his new flying corps. He made a ten-year military bargain with the different Axis powers? Italy and Japan. In 1941, to help wavering Italian powers, he sent military work forces to North Africa, Greece, and Yugoslavia. To blockade Soviet goals in agrarian eastern Europe, which mechanical Germany required, he out of nowhere attacked the USSR. As the Soviets withdrew eastbound, German ground forcess immersed the rich Ukraine. Now, Hitler was maestro of Continental Europe. In 1942, by the by, Britain was all the while challenging, and the United States, which had entered the war after an assault by Japan, was guiding supplies to Britain and the USSR. Hitler so requested whole assembly of work powers and assets. All through Europe, vanquished people groups, especially Slavs and Jews, were executed or oppressed in German war factories, while their states were depleted of supplement and regular stuffs. In 1943 the tide started to change. Gracefully lines in the USSR were overextended, and the Germans were a little bit at a time driven west. Pivot powers in North Africa were vanquished, and Italy was attacked. Germany itself, from 1942 on, was as a rule reliably bombarded. In spite of the fact that licking was unavoidable, a crazed Hitler wouldn't surrender. The war delayed as British and U.S. powers attacked Normandy in 1944 and cleared inflexibly east while the Soviets walked west. Hitler ended it all only before Soviet defensively covered battle vehicles folded into Berlin in April 1945. German Invasion Hitler started be aftering an assault on the Soviet Union in mid-1940 and marked the mandate for Operation Barbarossa in December. Stalin, declining to accept the most exceedingly terrible, dismissed voluminous messages from his insight benefits about a within reach hostility. When Germany in the end attacked, on June 22, 1941, it came as a strategic astonishment and got the Red Army, effectively debilitated by Stalin? s purgings, at a horrendous drawback. The German attack changed the military and political partnership of the full war, which presently expected planetary extents. Italy, Romania, Hungary, Finland, and different Axis states announced war on the USSR. The United States stretched out rent loan help to the Soviet Union ; it at last gave some $ 12 billion worth of gear and supplement. After the United States entered World War II in December 1941, it, Britain, and the Soviet Union became military Alliess. In January 1942, four months after it acknowledged the guidelines of the Atlantic Charter, the USSR and 25 other Allied states marked the United Nations Declaration, authoritatively buying in to the arrangement and expectations of the Atlantic Charter and plighting their collaboration in the licking of the Axis powers. In May 1943 the USSR broke up Comintern. The USSR? s war with Germany and its Alliess? the Great Patriotic War, as Stalin? s specialists called it? was a brute fight to the covering. The Axis ambush was propelled from the Arctic Ocean to the Black Sea, striking for Leningrad, Moscow, and Ukraine. As the Red Army reeled back in disarray, Stalin started excited endeavors to take mechanical workss and laborers from the method of the encroachers and moved them in and behind the Ural Mountains. Quite a bit of what could non be expelled was purposely set waste. For a clasp the German raid ( violative ) seemed fruitful, as 1000000s of Soviet warriors were circled and demolished or caught. In the Baltic States, Belorussia, and Ukraine, the encroachers met a benevolent reaction from the individuals who had endured most under the Stalinist burden. German atrociousnesss, in any case, solidified Soviet resistance. The advancement on Leningrad was checked in September 1941, in spite of the fact that the city was blockaded until January 1944 ; losses there surpassed 1.25 million. The push on Moscow was halted in December 1941 with German heavily clad battle vehicles around 30 kilometers ( 20 myocardial dead tissue ) from the city place. The Battle of Britain In the late spring of 1940, Hitler commanded Europe from the North Cape to the Pyrenees. His one remaining dynamic adversary? England, under another chief clergyman, Winston Churchill? promised to continue fighting. Regardless of whether it could was faulty. The British ground powers had left the majority of its arms on the sea shores at Dunkerque. Stalin was in no temper to debate Hitler. The U.S. , stunned by the harvest time of France, started the first peacetime gather in quite a while history and enormously expanded its military spending plan, yet open opinion, albeit thoughtful to Britain, was against obtaining into the war. The Germans wanted to quell the British by craving them out. In June 1940 they attempted the Battle of the Atlantic, using pigboat fighting to cut the British abroad line of lifes. The Germans currently had pigboat bases in Norway and France. Toward the starting the Germans had just 28 pigboats, yet more were being manufactured? bounty to keep up Britain in peril until the spring of 1943 and to move on the contention for quite a long time thereupon. Attack was the speedy way to finish off Britain, however that implied crossing the English Channel ; Hitler would non put at risk it except if the British flying corps could be killed preeminent. As a result, the Battle of Britain was battled noticeable all around, non on the sea shores. In August 1940 the Germans propelled sunlight foraies against ports and landing fields and in September against inland metropoliss. The point was to pull out the British warriors and destruct them. The Germans neglected to think with another gadget, radio identification and going, whic H significantly expanded the British fighters’ effectivity. Since their ain losingss were exorbitantly high, the Germans needed to trade to dull bomb

2nd Amendment to the Constitution Research Paper

second Amendment to the Constitution - Research Paper Example With due respect on the issue, the conversation from this time forward expects to quickly examine about the Second Amendment authorized in the US Constitution considering the different disputable contentions identified with the order.. With this worry, the conversation will likewise be centered around featuring certain ongoing applicable legal disputes as for the issue. The Second Amendment to the Constitution of the US can be considered as one of the major questionable institutions throughout the entire existence of the country. The change was at first affirmed on fifteenth of December 1791which jam the privilege of the US individuals to endure weapons regardless of their military distinguishing proof inferable from their requirement for self-assurance, barrier and security in their homes. From that point forward, the revision has been one of the most dubious issues in the common enactment of the US. As of late, in the year 2008 the revision was again addressed the situation being what it is introduced in the District of Columbia v. Heller, 554 U.S. 570 (2008). The common court in this way needed to preclude that the subsequent correction made in the Bill of Rights damaged certain assurance demonstrations previously implemented inside the country. In any case, attributable to the conditions of the criminal offense and the motivation behind the subs equent correction, the court affirmed the pronouncement that the authorization safeguards an individual’s option to gain a weapon or firearm (Pollock 375). Albeit comparable examples had been seen all through the nineteenth century, no specific revisions were planned with worry to the arrangement measures authorized in agreement to the Second Amendment. The Supreme Court of the US expressed that the Second Amendment doesn't obstruct the guideline of the State as to have guns. For example, according to the United States v. Cruikshank, 92 U.S. 542, 553 (1875), it was decided by the Court that the Second Amendment limits the control and intensity of the government in conveying sufficient

A Guide to Writing A Great Problem Solution Essay

January 28, 2019 A problem solution essay is not the most common type of written assignments given to modern students, but it does have a very important purpose: to stimulate the society to look for solutions for the most widespread problems of the world. The subject for a strong problem solution essay can be easily found by simply looking around you or reading the newspaper. We have prepared a complete guide on crafting a problem solution essay that will help you deliver a convincing paper with minimal effort. Problem Solution Essay Topic Unless you are given the topic for your essay by your instructor, this is the first crucial step in your writing process. The topic of your essay needs to be relatively easy to write about, but it also needs to match the interests of the general public. Popular problem solution essay topics today include everything connected with the environment, psychology, bad habits, the internet, deviations in youth, racism, education, and so on. The topic you ultimately choose for your essay needs to motivate you to think and look for the solutions to the problem. Four Components of a Problem Solution Essay Every problem solution essay is required to have four mandatory components: Situation, or your introduction to the background of the problem. Problem, or your description of the specifics of the problem and why it should be addressed. Solution, or your proposed answer to the problem. Evaluation, or an overview of your previously stated ideas along with a call for action. Sometimes problem solution essay will address more than one problem, but this move is only effective when the multiple problems lie within the same realm — otherwise, you will find it hard to focus on the solutions to the problems. Proposal The key secret to writing a winning problem solution essay is to believe in your problem. The best way to achieve a full understanding and acceptance of the problem is to write a proposal for your essay. Here are some tips on writing a successful proposal: List down everything you know about the problem to make sure you’ve done thorough research. Using your discovered data, provide some proofs that the problem in question is real and needs to be solved as soon as possible. Identify the aspects of the problem that still need to be researched. It will not only help you paint a complete picture, but will also give your readers some food for thought. Create a plan for your research, specifying where you will look for information and which methods you will use in the research. Share your proposal with your instructor or other authoritative figure in your life to make sure you’re on the right track. Two Ways to Write an Outline Unlike a typical essay, which generally offers only one approach to creating an outline, a problem solution essay allows you to create the outline in two different ways. These methods are called the Block and Chain methods. No matter which type of outline you decide to go for, writing an outline is an essential step on your way to a brilliant essay, since it will help you stay on topic throughout the writing. The Block outline has the following structure: Introduction and background. Problems 1, 2, 3. Transitional paragraphs. Solutions 1, 2, 3. Evaluation and conclusion. The Chain method of writing an outline includes the following chapters: Introduction and background. Problem 1 + solution. Problem 2 + solution. Problem 3 + solution. Evaluation and conclusion. 5 Steps to Writing a Problem Solution Essay In order to deliver a beautifully structured and logical paper, you need to follow a specific order of steps while working on the essay: Identify and explain the problem using concise language and providing the examples for a better understanding of the issue. Investigate the origins of the problem and how it has appeared in society. Explain why you believe the problem is important and needs to be solved. Paint a complete picture of the consequences of the problem if society fails to solve the problem. Demonstrate the possible outcome of the problem; this part will function as a call to action for your audience. There is no universal recipe for success when you’re choosing a problem to investigate. In some cases, local problems connected to your school or community work best. In other cases, students achieve great results when writing a paper on global problems like the environment and racism. Most importantly, you should have a genuine interest in the topic. Thesis The thesis is an essential part of the introduction of your problem solution essay, but it doesn’t mean you need to write your paper, including the thesis, in a strict order. In fact, most students benefit from writing the thesis last. By that time, they have already developed a thorough understanding of the problem and can form a clear and concise thesis that will be supported by the rest of the work. How to Find Solutions to Your Problems Before you can propose your own solutions to the problems, you need to demonstrate your prior research on the issue by offering some of the solutions previously designed by other scholars. Analyze whether they were completely successful, and if not, what can be changed about them. Then you can move on to proposing your own solutions to the problems highlighted in the earlier parts of the essay. The work on your solutions can be divided into three easy steps: Offer a plan of action. Your solution needs to be simple and detailed, possibly in a step-by-step form. Think of the potential criticism of your solution and address it in the same chapter. Support your solution with examples. Whether it’s pictures, statistics, or simply stories, there needs to be a strong background for your newly designed solution. Only then will your solution seem feasible to the public. Provide a call to action. Instead of simply offering a conclusion to your solution, be proactive and encourage your audience to take action. If the problem you’ve described is real and you’ve offered some genuine solutions, the call to action will be very effective. The projection technique is very effective for this purpose. Proofreading and Writing Tips Here is how to make sure your writing meets the highest academic standards: After finishing the paper, leave it for one or two days before coming back and proofreading it with a fresh outlook. Check whether your essay covers all four elements of a problem solution paper. Make sure the thesis clearly refers to the content of the essay. Confirm that you’ve done the most extensive research of the problem. Check whether the solutions offered to the problem are realistic and can be achieved. Pay special attention to the conclusion: it needs to not only summarize the text, but also offer a call to action. Use online services like Grammarly to check your spelling and punctuation. Ask one of your friends or family members to proofread your paper to make sure no grammar or logical mistakes spoil your final grade.

4 Types of Hypersensitivity Reactions

Our immune system works continuously to keep us healthy and protect us against bacteria, viruses, and other germs. Sometimes, however, this system becomes too sensitive, causing hypersensitivity reactions that can be harmful or even deadly. These reactions are the result of exposure to some type of foreign antigen either on or in the body. Hypersensitivity Reactions Key Takeaways Hypersensitivity reactions are exaggerated immune responses to allergens.There are four types of hypersensitivity reactions. Types I through III are mediated by antibodies, while type IV is mediated by T cell lymphocytes.Type I hypersensitivities involve IgE antibodies that initially sensitize an individual to an allergen and provoke a quick inflammatory response upon subsequent exposure. Allergies and hay fever are both type I.Type II hypersensitivities involve the binding of IgG and IgM antibodies to antigens on cell surfaces. This induces a cascade of events that leads to cell death. Hemolytic transfusion reactions and hemolytic disease of newborns are type II reactions.Type III hypersensitivities result from the formation of antigen-antibody complexes that settle on tissues and organs. In an attempt to remove these complexes, underlying tissue is also damaged. Serum sickness and rheumatoid arthritis are examples of type III reactions.Type IV hypersensitivities are regulated by T cells and are delayed reactions to antigens associated with cells. Tuberculin reactions, chronic asthma, and contact dermatitis are examples of type IV reactions. Hypersensitivity reactions are categorized into four major types: type I, type II, type III, and type IV. Type I, II, and III reactions are the result of antibody actions, while type IV reactions involve T cell lymphocytes and cell-mediated immune responses. Type I Hypersensitivity Reactions This image is depicting hay fever showing pollen grains (yellow) entering the nasal cavity (left) of a hay fever sufferer. The symptoms are caused by a massive release of the chemical histamine in the body in response to the pollen. Claus Lunau/Science Photo Library/Getty Images Type I hypersensitivities are immune reactions to allergens. Allergens can be anything (pollen, mold, peanuts, medicine, etc.) that triggers an allergic reaction in some individuals. These same allergens do not normally cause problems in most individuals. Type I reactions involve two types of white blood cells (mast cells and basophils), as well as immunoglobulin E (IgE) antibodies. Upon the initial exposure to an allergen, the immune system produces IgE antibodies which bind to the cell membranes of mast cells and basophils. The antibodies are specific to a particular allergen and serve to detect the allergen upon subsequent exposure. A second exposure results in a rapid immune response as IgE antibodies attached to mast cells and basophils bind allergens and initiate degranulation in the white blood cells. During degranulation, mast cells or basophils release granules that contain inflammatory molecules. The actions of such molecules (heparin, histamine, and serotonin) result in allergy symptoms: runny nose, watery eyes, hives, coughing, and wheezing. Allergies can range from mild hay fever to life-threatening anaphylaxis. Anaphylaxis is a serious condition, resulting from inflammation caused by histamine release, that impacts the respiratory and circulatory systems. The systemic inflammation results in low blood pressure and blockage of air passages due to swelling of the throat and tongue. Death may occur quickly if not treated with epinephrine. Type II Hypersensitivity Reactions This image shows type A blood (A antigen) that was agglutinated (clumped) by mixing the blood with a serum containing anti-A antibody. An antigen-antibody reaction agglutinated the red blood cells forming a large clump. Ed Reschke/Photolibrary/Getty Images Type II hypersensitivities, also called cytotoxic hypersensitivities, are the result of antibody (IgG and IgM) interactions with body cells and tissues that lead to cell destruction. Once bound to a cell, the antibody initiates a cascade of events, known as complement, that causes inflammation and cell lysis. Two common type II hypersensitivities are hemolytic transfusion reactions and hemolytic disease of newborns. Hemolytic transfusion reactions involve blood transfusions with incompatible blood types. ABO blood groups are determined by the antigens on red blood cell surfaces and the antibodies present in blood plasma. A person with blood type A has A antigens on blood cells and B antibodies in blood plasma. Those with blood type B have B antigens and A antibodies. If an individual with type A blood were given a blood transfusion with type B blood, the B antibodies in the recipients plasma would bind to the B antigens on the red blood cells of the transfused blood. The B antibodies would cause the type B blood cells to clump together (agglutinate) and lyse, destroying the cells. Cell fragments from the dead cells could obstruct blood vessels leading to damage of the kidneys, lungs, and even death. Hemolytic disease of newborns is another type II hypersensitivity that involves red blood cells. In addition to A and B antigens, red blood cells may also have Rh antigens on their surfaces. If Rh antigens are present on the cell, the cell is Rh positive (Rh). If not, it is Rh negative (Rh-). Similar to ABO transfusions, incompatible transfusions with Rh factor antigens can lead to hemolytic transfusion reactions. Should Rh factor incompatibilities occur between mother and child, hemolytic disease could occur in subsequent pregnancies. In the case of an Rh- mother with an Rh child, exposure to the childs blood during the final trimester of pregnancy or during childbirth would induce an immune response in the mother. The mothers immune system would build up antibodies against the Rh antigens. If the mother became pregnant again and the second child was Rh, the mothers antibodies would bind to the babies Rh red blood cells causing them to lyse. To prevent hemolytic disease from occurring, Rh- mothers are given Rhogam injections to stop the development of antibodies against the blood of the Rh fetus. Type III Hypersensitivity Reactions Arthritis is an inflammation of the joints. This colored X-ray shows the hands of an 81 year old female patient with rheumatoid arthritis. Credit: Science Photo Library/Getty Images Type III hypersensitivities are caused by the formation of immune complexes in body tissues. Immune complexes are masses of antigens with antibodies bound to them. These antigen-antibody complexes contain greater antibody (IgG) concentrations than antigen concentrations. The small complexes can settle on tissue surfaces, where they trigger inflammatory responses. The location and size of these complexes make it difficult for phagocytic cells, like macrophages, to remove them by phagocytosis. Instead, the antigen-antibody complexes are exposed to enzymes that break down the complexes but also damage underlying tissue in the process. Immune responses to antigen-antibody complexes in blood vessel tissue causes blood clot formation and blood vessel obstruction. This can result in inadequate blood supply to the affected area and tissue death. Examples of type III hypersensitivities are serum sickness (systemic inflammation caused by immune complex deposits), lupus, and rheumatoid arthritis. Type IV Hypersensitivity Reactions Contact dermatitis is a type IV hypersensitivity that results in severe skin rash. Smith Collection/Stone/Getty Images Type IV hypersensitivities do not involve antibody actions but rather T cell lymphocyte activity. These cells are involved in cell mediated immunity, a response to body cells that have become infected or carry foreign antigens. Type IV reactions are delayed reactions, as it takes some time for a response to occur. Exposure to a particular antigen on the skin or an inhaled antigen induces T cell responses that result in the production of memory T cells. Upon subsequent exposure to the antigen, memory cells induce a quicker and more forceful immune response involving macrophage activation. It is the macrophage response that damages body tissues. Type IV hypersensitivities that impact the skin include tuberculin reactions (tuberculosis skin test) and allergic reactions to latex. Chronic asthma is an example of a type IV hypersensitivity resulting from inhaled allergens. Some type IV hypersensitivities involve antigens that are associated with cells. Cytotoxic T cells are involved in these types of reactions and cause apoptosis (programmed cell death) in cells with the identified antigen. Examples of these types of hypersensitivity reactions include poison ivy induced contact dermatitis and transplant tissue rejection. Sources Hypersensitivity Reactions. Microbiology and Immunology Online.Parker, Nina, et al. Microbiology. OpenStax, Rice University, 2017.

Religion Is A Big Part Of My Family - 999 Words

Religion has always been a big part of my family. I was raised in a pretty strict catholic home. Going to church every Sunday, needing to learn all the prayers, doing my first communion, and then doing my confirmation. As I started to get older I started having more of an open mind towards things, especially religion. All you have to do is look on the news and you can see all the evil in the world. Terrorist attacks, kids getting shot down by cops, and school shootings. How can someone be so evil to walk into an elementary school and kill innocent 6 and 7-year-olds? There isn’t any justification for this; the kids and parents didn’t deserve this undeserved pain and suffering. That’s why I believe that there is an evidential problem with evil. The argument goes as follows, premise one: God would not permit an evil. This is a pretty concrete statement everyone could agree that God would not permit any evil. This is a big thing in many major religions if you commit any evil acts you will burn in hell. Premise two: There are evils that even God would have no justifying reason (as far as we know it). This is an interesting premise, what if God has a master plan for all of us? He may have these evils’ occurring now because there might be a reward in our afterlife. The only problem with this is that it is easier to believe in unexplainable evil instead of having an afterlife because there is evidence of unexplainable evil in the world. Like David Hume said, â€Å"A wise man proportionsShow MoreRelatedAnalysis Of Bertrand Russells What I Have Lived For805 Words   |  4 Pages I completely relate to the feeling for the ones suffering. I don’t feel like knowledge can be one of my passion because therere many other things to me that I am more passionate about. Love is the most relatable one because I feel like without it people can get unstable. 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I used to think that a family just does what it supposed to do and that’s exactly what culture is, the way we act, think, feel and even the way we judge is our own culture. Knowing this I decided that the group that I want to describe is my own familyRead MoreReligion, Overpopulation And The Environment844 Words   |  4 Pagesthree that I could see are religion, overpopulation and the environment. The religion part of the film is about people around the world that pray and worship gods, th ey have faith in a higher power which gives them purpose and belief that there is a reason for what happens as they live on earth. Overpopulation is a huge part of the environment but, it’s a whole separate topic on it’s own because it has become a huge hazard in the world today. The environment is a big part of everyone’s future and wellRead MoreThe Legal Age Of Age939 Words   |  4 PagesAge Age isn’t that big of a deal in my culture. 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Context of UK Investment Appraisal in the UK

Question: Topic Despite a development cost of over $0.5bn and huge marketing spend of over $700m, Microsoft recently announced that the Windows Vista project had not lived up to expectations. With reference to the different commercial mistakes that have been reported in the financial pages, you are required to discuss why projects fail. In the form of a business report for the Director, advise on what a company should consider, both financial and non-financial factors before embarking on an investment. Answer: Introduction The business report in here is developed on the firm Microsoft, which is one of the giants within the industry of technology. The study of the provided situation elaborates and highlights the fact that despite of spending a massive development cost of over $0.5bn and massive marketing spending of over $700m (Aabo et al. 2010). This evaluation includes the go through of various financial and non financial factors that are massively related behind project failures (Hu et al. 2015) (Arnold, 2010). Context of UK Investment Appraisal in the UK Investment is one of the major parts that should be managed with intense care by the management of the various firms within the industry to maintain the flow of the business process (Avadhani, 2010). All of these fields can open up exciting business opportunities for the firm. In the meantime, the firm have to abstain from overstretching constrained money related assets or limiting the organizations capacity to seek after different choices (Brigham and Daves, 2010) (Brigham and Daves, 2010). Investment appraisal can be defined as a collection of techniques, which are used to identify the attractiveness of an invested amount (Brotman, 2010). Investment appraisal has two major features, which are assessing the expected level of returns (Czaja et al. 2010). The various procedures of evaluating the investment appraisal that Microsoft should have implemented has been stated below: Discount Rate The markdown rate is an idea identified with the NPV system. The figuring of the markdown rate can be taking into account various methodologies including(Iatridis, 2010): The social rate of time inclination The open door expense of capital Weighted normal system (Aabo et al. 2010) The management of Microsoft should have evaluated and studied the above stated elements before starting the project of Windows vista (Finch, 2010). Internal Rate of Return (IRR) The IRR is the repayment rates which, when associated to net incomes of a course of action sets them corresponding to the preliminary speculation (Brigham and Daves, 2010). The favoured choice is that with the IRR most prominent in overabundance of a predetermined rate of return (Jorion, 2010). An IRR of 10% implies that with a markdown rate of 10%, the task earns back the original investment (Lewellen, 2015). Likewise, applying distinctive evaluation procedures to the same fundamental information may yield opposing conclusions (Kritzman and Li, 2010). Cost Ratio Cost ratio implies the discounted net revenues separated by the investments at the initial stages. Typically, the project with cost ratio value greater than 1 is preferable (Qin and Singal, 2015). The revenue forecasted or earned by the management of Microsoft was not at all satisfied for their vista project (Madura, 2010). However, the company has invested significant amount of money towards the vista project initially (Brigham and Daves, 2010). The management and the financial managers of have neglected the importance of calculating the cost ratio (Czaja et al. 2010). The cost ratio is also essential for commenting over the economic benefits of the companies (Monks and Lajoux, 2010). Discounted payback and Payback period The payback period is typically formulated or considered as one of the sophisticated investment appraisal techniques within the private sectors and estimates the range of duration for taking in order to recover the initial investment (Moore, 2010). However, the company Microsoft and their financial managers are mostly unsure about the payback duration for their vista project (Brigham and Daves, 2010). In addition, the method does not consider time value of money (Schmidgall and DeFranco, 2010). The discounted payback period represents the quantity of time that it requires for covering the cost of the project, by accumulating the net positive discounted cash flows evaluating from the project (Pogue, 2010). Sensitivity Analysis Sensitivity analysis or method is the method of developing the financial results regarding the cost advantage analysis that is sensitive towards the supposed financial values taken within the examination (Satyaprasad and Raghu, 2010). Sensitivity analysis is developed typically for the larger projects such as the windows vista project of Microsoft (Ushijima, 2015). Like other various financial analysis, sensitivity analysis is also recommended for valuing the project of Microsoft Vista (Aabo et al. 2010). The key requirements for the sensitivity analysis are a degree of investigative analysis for ascertaining the most susceptible variables (Scherer, 2010) (Zeng, 2010). Scenario Analysis Scenario analysis is also similar to the sensitivity analysis (Shapiro, 2010) (Sharma, 2010). Distributional Analysis The NPV calculations creates zero allowances regarding the distribution of the financial costs and financial benefits within the members and society (Smart et al. 2010). The company Microsoft implemented the Microsoft Vista project for meeting the needs and expectations of a particular segment of customers (Czaja et al. 2010) (Thomas and Gup, 2010). Cost utility analysis CUA is an alternative method for calculating the cost effectiveness analysis or CEA, which is prepared for estimating the qualified effectiveness of the alternative interventions for achieving two or more than two objectives (Worzala, 2011). Within a cost utility analysis, costs are articulated in terms of monetary, financial benefits are articulated within utility terms, and the outcomes are termed as the quality adjusted life years (Czaja et al. 2010). Cost utility analysis allows comparing the benefits of health interventions without having for implementing a financial value over the health states (Che and Che, 2011). Multi criteria Analysis The key steps of the multi criteria analysis are as follows: The first step is to recognise the performance criterion for assessing the Windows Vista project of Microsoft. Secondly, the step follows a plan for scoring a scheme in order to make the Windows Vista project of Microsoft under each principle heading (Aabo et al. 2010). Next, the step follows the allocation of scores towards each investment option against each criterion (Czaja et al. 2010). In addition, the step also follows to calculate overall outcome and test for strength. Finally, the step ends by preparing a report and by interpreting the findings of the analysis (Garrett and James III, 2013). Main Body That Synthesises Analysis and Evaluation of Examples from the Chosen Organisation For analyzing and evaluating these techniques will help understand the effects of the investment on the cash flow (Ross, Westerfield and Jordan, 2013). It will help estimate the benefits of the investment with reference to the total investment cost incurred. The time value of money is ignored while comparing benefits and costs of the investment (Aabo et al. 2010). It is essential for any company to undertake the investment appraisal analysis before deciding to invest huge capital in a new project (Aamer, 2013). Some of the features of the investment appraisal are- It helps assessing the expected returns level the company is likely to earn from its given expenditure level (Heysel and Filion, 2014). It helps estimating the future benefits and costs of the project throughout the project life cycle (Hirt and Block, 2012). It also provides better flexibility and improved production quality (Al-Ajmi, Al-Saleh and Hussain, 2011). It strives to improve the company image, good job satisfaction and staff morale, which in turn leads to better productivity (Hillier, 2013). It helps the management in taking quicker and better decisions due to the complete availability of all the investment related information (Al-Khafaji and Al-Khatib, 2011). In investment appraisal, the cash flows are calculated and compared more than the accounting profits because- It is difficult to spend the profit (Hirt, Block and Danielsen, 2011). Profits are more subjective (Jordan, Westerfield and Ross, 2011). Dividends are paid from the cash flows (Arnold, 2013). Some of the investment appraisal techniques used here are- ARR or accounting rate of return- ARR is also known as ROCE or return on capital employed. It is used to compare the profit the company wishes to make from its investment to the total investment amount. The ARR or ROCE is thus the total yearly profits divided by the total capital investment (Barbash and Roye, 2012). Therefore, ROCE or ARR= Average yearly profits/ Average capital costs*100% From the annual reports of Microsoft Windows Vista for the accounting year 2008, the total capital invested is development cost of $0.5bn and marketing cost of $700m. Therefore, total investment cost is $500m plus $700m, i.e. $1200m. Total profit from the annual reports is $17681000 (Taillard, 2013). Therefore, ROCE= $17681000/$1200000000*100=1.47342 =1.47 ROCE is 1.47, which shows that despite making such a huge investment, the company is not able to generate enough profit from its project (Aabo et al. 2010). However, in this method, some of the important information not considered is the project life, cash flows, working capital and the accounting policies (Barrow, 2011). Payback Period- It is used to measure the time-period within which the initial investment cost is recovered from the cash flows of various years. It helps assess the efficiency of the company to recover the initial cost from cash flows of various years (Robin, 2011). Suppose in case of Microsoft, it launched Windows Vista in 2007 with an initial investment of $1200m. From 2007 to 2015, the cash flows could be $100m in 2007, $150m in 2008, $200m in 2009, $250m in 2010, $300 in 2011, $300 in 2012, $350 in 2013, $400 in 2014 and $450 in 2015 (Bekaert and Hodrick, 2012). Therefore, the payback period is calculated as- Particulars Initial Investment Cash Flow Cumulative Cash Flows 2007 $ 1,200 $ 100 $ 100 2008 $ 150 $ 250 2009 $ 200 $ 450 2010 $ 250 $ 700 2011 $ 300 $ 1,000 2012 $ 300 $ 1,300 2013 $ 350 $ 1,650 2014 $ 400 $ 2,050 2015 $ 450 $ 2,500 (Berk, 2013) (Brooks, 2013) (Naumov, 2013) (Ramsden, 2011) From the above table the payback period is somewhere in 2012 which is a total year of 5 years and 4 months. From the assumed data, it can be said that the total payback period for the new project of Windows Vista of Microsoft is quite high in the total time period of 9 years (Moles, 2011). A higher payback period means that the company is not successful in generating enough cash flows from its investment (Brealey, Myers and Allen, 2011). Using the payback period will help the company get a simple method to deduce the efficiency of the project with respect to the change in technology and investment conditions. It also helps in- Evaluating the company growth (Peterson, 2012); Minimizing the risk (Jordan, Westerfield and Ross, 2011); Maximizing the liquidity (NicolaÃÅ'â‚ ¬s, 2013); Using the cash flows instated of the profits (Brigham and Houston, 2012). Cash Flow Methods- The company can also think of using the discounting cash flow methods, which are the NPV and IRR (Carmichael, 2011). Analyzing the investment sensitivity and risk- The benefit cost analysis is calculated by dividing the total benefits the company make from a project divided by the total cost the company have to bear to carry out the project (Madura, 2012). When the B/C analysis is show a result more than 1 it means that the company is able to create opportunity from the project but if the BC analysis is less than 1 it means that the company failed to create enough benefits from the investment in the new project (Eun and Resnick, 2012). For example, in Microsoft, the company had to incur a total investment cost of $1200m in developing Windows Vista and the total benefit earned by the company from the project is $840m. Therefore, the total B/C ratio is $840/$1200= 0.7 (Grieve, 2013). Conclusion The current report concludes that the Windows vista project of Microsoft was unable to draw expected return due to various reasons. The initial investments decisions related to the Windows Vista project taken by the management of Microsoft was not profitable entirely. However, the company might have the chance to enhance their profitability or to forecast the actual return based on various financial and non-financial factors that they have completely neglected formulating. The failure of Microsoft for their Windows Vista project could easily be minimised by following various investment appraisal techniques initially, which would indicate the actual return that they should expect from their Windows Vista project. Recommendation Masking an effective Investment Appraisal The key aim will be to justify whether the projects of Microsoft will go to be profitable for their business and whether the project of Microsoft will be able to draw higher amount of return on their investments. Identifying the Target Audience Accordingly The company Microsoft invested huge amount of money towards their Windows Vista project for meeting various costs associated with the developmental costs and marketing costs. Post Report Reflection (Learning Statement) From the current study, I have learnt various elements of strategic decision-makings.I have learnt that significant amount of investments towards the development and marketing expenses, are not always enough for achieving expected success. I have also learnt that the company Microsoft is not getting enough sales or customer response as they were targeting the wrong audience for their Windows Vista project. Reference List Al-Ajmi, J., Al-Saleh, N. and Hussain, H. (2011). Investment appraisal practices: A comparative study of conventional and Islamic financial institutions.Advances in Accounting, 27(1), pp.111-124. Al-Khafaji, O. and Al-Khatib, H. (2011). Capital Investment Appraisal in the Public Industrial Companies in Jordan: An Empirical Study.Journal of King Abdulaziz University-Economics and Administration, 25(2), pp.75-132. Arnold, G. (2010). Handbook of corporate finance. New York, NY: Pearson Financial Times Avadhani, V. (2010). International financial management. Mumbai [India]: Himalaya Pub. House Barbash, B. and Roye, P. (2012).Investment Management Institute, 2012. New York, NY: Practising Law Institute. Barrow, C. (2011).Practical financial management. London: Kogan Page. Brigham, E. and Daves, P. (2010). Intermediate financial management. Cincinnati, Ohio: South-Western, Cengage Learning Brooks, R. (2013).Financial management. Boston: Pearson. Brotman, B. (2010). The impact of market conditions using appraisal models. J of Property Inv Finance, 28(3), pp.237-242 Carmichael, D. (2011). An Alternative Approach to Capital Investment Appraisal.The Engineering Economist, 56(2), pp.123-139. Hu, D., Schwabe, G. and Li, X. (2015). Systemic risk management and investment analysis with financial network analytics: research opportunities and challenges. Financial Innovation, 1(1), pp.157-209 Iatridis, G. (2010). International Financial Reporting Standards and the quality of financial statement information. International Review of Financial Analysis, 19(3), pp.193-204 International Monetary Fund, (2012). Australia: Financial Safety Net and Crisis Management Framework Technical Note. IMF Staff Country Reports, 12(310), p.1 Jordan, B., Westerfield, R. and Ross, S. (2011).Corporate finance essentials. New York: McGraw-Hill Irwin. Jorion, P. (2010). Risk Management. Annu. Rev. Fin. Econ., 2(1), pp.347-365 Kritzman, M. and Li, Y. (2010). Skulls, Financial Turbulence, and Risk Management. Financial Analysts Journal, 66(5), pp.30-41 Madura, J. (2010). International financial management. Australia: South-Western Cengage Learning Moles, P. (2011).Corporate finance. Hoboken, N.J.: Wiley. Monks, R. and Lajoux, A. (2010). Corporate Valuation for Portfolio Investment. Princeton: Wiley Moore, T. (2010). A Critical Appraisal of McKinnons Complementarity Hypothesis: Does the Real Rate of Return on Money Matter for Investment in Developing Countries?. World Development, 38(3), pp.260-269 Naumov, A. (2013). ON ACCURACY OF PROJECT'S PAYBACK PERIOD ESTIMATES.Theoretical Applied Science, 5(09), pp.95-99. Peterson, S. (2012).Investment theory and risk management + website. Hoboken, N.J.: Wiley. Pogue, M. (2010). Corporate investment decisions. [New York, N.Y.] (222 East 46th Street, New York, NY 10017): Business Expert Press Qin, N. and Singal, V. (2015). Indexing and Stock Price Efficiency. Financial Management, pp.59-68 Scherer, B. (2010). A note on asset management and market risk. Financial Markets and Portfolio Management, 24(3), pp.309-320 Schmidgall, R. and DeFranco, A. (2010). Balance Sheet Ratios: Medians for High and Low Profit Clubs. The Journal of Hospitality Financial Management, 18(1), pp.66-66 Shapiro, A. (2010). Multinational financial management. New York: Wiley Ushijima, T. (2015). Diversification, Organization, and Value of the Firm. Financial Management, pp.879-908 Zeng, T. (2010). Financial Management of the Company for Financial Crisis. AMM, 34-35, pp.1185-1189

The Last Day I will never forget the night my grandfather was rushed to the hospital as he was gasping for breath Essay Example For Students

The Last Day I will never forget the night my grandfather was rushed to the hospital as he was gasping for breath Essay I will never forget the night my grandfather was rushed to the hospital as he was gasping for breath. I could not comprehend the moment as being reality, while we followed the ambulance to the emergency room. The lights flashing by and creepy moonlight shinning in the night while being interrupted by the red and blue lights of the truck all seemed very confusing. I sat there and thought about of what was happening thirty minutes ago, as I was sitting down on my wide couch and watching FRIENDS just as Joey broke up with his girlfriend. Thirty minutes later, here I was following the ambulance, rushing my grandfather to the hospital. As we were approaching the hospital, the night seemed to get darker and darker. Watching the faces of my parents lose expression, I began getting more concerned as I anxiously waited to get there and have the doctors tell us that everything was all right. As the ambulance approached the emergency doors, the doctors immediately admitted my grandfather into the hospital and we were told to remain in the waiting room. I hated hospitals before that night, but afterwards I despised them: the smell, the white unpromising walls and the doctors. We waited for about eight hours, which seemed to last forever. We will write a custom essay on The Last Day I will never forget the night my grandfather was rushed to the hospital as he was gasping for breath specifically for you for only $16.38 $13.9/page Order now In those eight hours, I tried to occupy myself, but nothing could get my mind off of what was actually happening, so I just sat there and stared at the blank white walls and drank my creamy dark coffee which at that point was the only thing that kept me awake. I could hear my mother crying as my father tried to comfort her and tell her everything was going to be fine. I could not say anything; it was as if I was numb and unconscious, and everything around me seemed surreal. The night seemed to drag on forever and I began to feel restless because I had no sleep, which made the whole situation seem even worse. Noticing that it was getting light outside and the sun rays hitting my eyes, I began to worry. My mothers tears ceased, and all that was left was the hope for my grandfathers life. We waited in anticipation for the doctor to come out. I watched the doors almost as if I was hypnotized as people rushed in and out of them. Finally, we saw a gray à ¢Ã¢â€š ¬Ã¢â‚¬Å" haired, kind looking, short male walk out, and for some reason I knew it was him. It seemed as if he approached us in slow motion. I saw my father help my mother up to her feet as we awaited the answer to this night. All of a sudden, the doctor took off his glasses as he bent his head down without looking into our eyes and silently murmured, I am sorry. As I stood in shock, my mother collapsed in my fathers arms, and I began to feel the tears well up in my eyes.

Target Human Resources †Business Research Paper (300 Level Course)

Target Human Resources – Business Research Paper (300 Level Course) Free Online Research Papers Target Human Resources Business Research Paper(300 Level Course) The life blood of any large corporation is a well trained and adequately staffed work force. At Target Corporation, there is no exception to this rule. Target Corporation is a quickly growing company who boasts 1400 stores in the United States with plans of opening 600 new stores in the next 4 years. This quick expansion requires a great deal of planning and commitment from the human resources department to ensure that there is adequate staffing in place run these new stores. In the following paper, I will discuss Target’s staffing practices in regards to the trends of diversity and technology. As an assistant manager at Target Corporation, one of my many â€Å"out of the store† responsibilities is my commitment to our districts executive hiring committee. This hiring committee consists of 10 assistants that recruit, interview and hire new executive team members for the North and South Carolina districts. There are three reasons a committee like this is necessary. Each store has a minimum of 5 executives, depending on store sales volume. With 4 new stores planned in Charlotte alone going up in the next 2 years, a surplus of executives is the key to future success. Continually hiring executives accounts for store personnel leaving, either on their own accord or due to termination. Another reason accounts for team members who are relocated due to promotions and special projects. As a member of this hiring committee, diversity has been a large topic of conversation for us as a committee and is one of many quantitative numbers that the team gets evaluated on. Diversity of Target’s executive staff plays a large role in the success that Target has enjoyed since its beginning. Having a diverse management staff allows store teams to better relate to the populous of the surrounding areas of the building; which will effect the relationships within the work staff and management and the work staff and the customers who shop at the store. The leader of the hiring committee has given the team suggested guidelines to follow for staffing each store executive staff with a widely diversified group. Having a team diverse in gender is one of the first challenges we face. Generalized differences are identified in the approaches of women and men to definition of the job, overall style, decision making and interpersonal relationships. This means that men and women inherently have advantages and disadvantages in terms of management skill and styles. Having a good mix of both men and women in each store as managers allows the executive staff to learn and count on each other in times of turmoil and strife. Similar effects can be seen in cultural differences as well. Target employs more than 300,000 team members in 47 states, 63 percent of whom are women and 37 percent of whom are minorities. In its legal department, attorneys are a direct reflection of the diversity initiatives it supports and the culture it has helped create. Women make up more than half of its attorneys and minorities consist of more than 10 percent. One tool we use as a group to hire diversity is to run help wanted ads in culturally specific news papers and publications such as EL Progreso Hispano News here in Charlotte. We also have been involved with minority groups at local colleges such as UNCC and CPCC to try to attract a diverse work groups. Another interesting trend in the hiring process at Target is it’s use of technology in the hiring process. Target, in general, has used technology in many aspects of it’s business model to gain dominance in the cut throat market of retail. At the beginning of a candidates job interview process, they must complete a job application and personality examination. This process can be done either at application kiosks at the store or at home on the internet. All applications and personality examination results are accessible to store executives in a web based data base program called Target Job Application System, or JAS. All applications can be viewed and organized by any one or list of determinants such as availability, education, desired job and many more. This allows for quick access to applicants that can fill a specific job or duty in the store. This same program grades personality examinations, reports on back ground check information and results of drug tests given to candidate who have been offered a job. JAS has quickly proven itself as a useful tool in the challenge of staffing a Target store. Another interesting technological break through Target uses to staff its stores is called SHARP, or Store Allocation and Resource Planning. SHARP is a computer program that has two main duties each week. The first thing SHARP does is produces a schedule each week for the entire work force of each building. The second, and more important function in regards to this paper, is the function of forecasting sales and personnel needs that are specific to each store in the chain. Sharp calculates current sales trends, current staff including availabilities and upcoming work loads and produces a suggested number of payroll hours allocated as well as a staffing minimum for each department in the store. Each Target store has a small human resource department headed by a manager know as the team relations leader. As a former TRL, it was imperative for me to follow the guidelines set by SHARP in order to appropriately staff my building. This program is also effective in planning seasonal staffing needs such as Christmas. Sales and jump 500% in on week during the holidays and it is difficult to guess how much staff is actually needed to run business at that level, SHARP makes it easy. Of course exceptions will be made and the computer program cannot account for all factors, especially the human ones, but the system is a great tool to use to get a good idea of where an individual store should be in terms of staffing minimums. Target Corporation understands that the company is only as good as the people who work in the stores. Target puts much focus on staffing its stores with not only the correct amount of people, but also the right people who can work together and merge together as a team. Much planning and payroll hours are spent in the HR departments to ensure that we as managers are focusing on the right tools in terms of the work force in the building. With tools we can use such as technology and our intense focus on diversity, Target hopefully with have a strong future ahead. Research Papers on Target Human Resources - Business Research Paper (300 Level Course)Analysis of Ebay Expanding into AsiaThe Project Managment Office SystemResearch Process Part OneMarketing of Lifeboy Soap A Unilever ProductIncorporating Risk and Uncertainty Factor in CapitalOpen Architechture a white paperInfluences of Socio-Economic Status of Married MalesRelationship between Media Coverage and Social andPETSTEL analysis of IndiaThe Effects of Illegal Immigration

Thomas Cook Essay Example | Topics and Well Written Essays - 4750 words

Thomas Cook - Essay Example Thomas Cook Some of the important models such as McKinsey model along with the Pest analysis, SWOT and other models have been used to analyse the organisation. The main aim was to analysis the external and internal environment affecting the organisation. The leadership style along with the leadership style has been talked about and it can been seen that Thomas Cook has one of the cost effective organisational structure and follows a flexible business model so that it can be altered as and when needed. Finally the paper ends with recommendation and conclusion which states that the company should work according to the demand of the customers in order to stay competitive and maintain its number one position. The main aim of the report is to conduct an effective internal and external environmental analysis of Thomas Cook based on separate models. The analysis would help one understand the key competencies of the firm and also the areas where development is needed. Recommendations are also to be provided in due course to enhance the position. Thomas Cook, one of the largest companies in the field of leisure and travel is observed to operate along a large geographical segment pertaining to 22 countries round the world. The company has emerged out to be a key market leader in the leisure and travel category. Thomas Cook, during the financial year of 2011-12 earned total sales revenue emanating to  £9.8 billion from a total customer base of 23.6 million people around the globe (Thomas Group Plc, 2012). Company Structure Thomas Cook operates based on a decentralised structure where the board of directors are responsible for delegation of tasks and duties to subsequent committees and other sub-boards. The structure operates along a top-down or vertical integration fashion in the company (Thomas Cook, 2010, p.53). Main Activities Thomas Cook Plc works along several segments to render value-added services to the customers. The first or the core product segment contains of packaged tourism services where both flights and hotel services are grouped under one bundle and rendered to the customer. The second segment consists of independent packages that help in rendering consumers a larger flexibility in choosing the travel destinations, duration of tour and other value additions. The third product segment focuses on rendering financial support to the travellers in terms of foreign exchange or money transfers and also in tour assurance services. Fourthly the group also operates via retail houses that help in distributing tour packages and offers to the consumers. Finally the group also

Wk3Stat Essay Example | Topics and Well Written Essays - 500 words

Wk3Stat - Essay Example Consider the case of the scores of the class under consideration. A sample of their plots would look as shown below: The above plot has a slight positive skew. A look at the figure will show that these measures do not differ significantly in this case although they may be typically up or above one another. However, there are several cases where these measures vary significantly. Consider the case of any organization, where the salary varies depending on the designation of the employee. Typically, as one goes up the hierarchy, the salaries increase and vary inversely to the number of employees at a particular level. In a regular case, the number of low level employees is the most while their salaries are the least in the firm. As one moves up the hierarchy, the salary increases and reaches a maximum with the top executive management, which is usually the least in population. When the salaries are plotted on the graph against the number of people receiving it, the resulting graph is said to be highly skewed as shown below: The relatively large skew in the above graph results in very different values for these measures. In this scenario, determining the mean will not present a true picture as only a fraction of the entire employees would be drawing such salaries while the maximum number of employees would be drawing much lesser salaries. However, the mode would clearly present a clear figure on the maximum number of people employed at a particular salary level. The mean would further not provide any clear picture of the highest amount being drawn by a minute section of the employees, namely the top management, leading to discrepancies in statistical estimates. In such scenarios, the mode is the preferred choice to estimate the maximum number of employees within the

The historical and institutional factors Essay Example for Free

The historical and institutional factors Essay The historical and institutional factors that contributed to the differences between the current German party system and the one that existed under the Weimar Republic One of the first major ways in which the current German party differs from that of the Weimar republic concerns the way in which democracy was formed. Whilst the current system was created through a constitution that received the respect and support of all the political parties concerned, the Weimar Republic was formed as a direct result of Germany’s defeat during the second world war. Although the Weimar Republic attempted to create a democratic Germany the economic downturn caused by the repercussions of the First World War entailed that it was difficult for political developments to take hold. The Germany politicians were forced to accept of the Versailles Treaty in 1911 and the inclusion of the ‘War Guilt Clause’ led to compulsory reparations to be paid to the alies. The agreement to this treaty caused a major split between the political parties and the extreme right were able to utiilise this to create an unstable political system. A further difference between the two political entities can be observed in the economic backdrop to their position. Not only did the Versaille Treaty have a crippling effect on the German economy, they were heavily dependent on foreign investment, loans and economic prosperity from the United States. In this vulnerable position the Weimar Republic’s existence was reliant on outside investment, which came crashing to a halt during the Wall Street crash of 1929. Post Wall Street Germany was a country that suffered from mass unemployment, homelessness and hunger and was crippled economically and, by 1933, the economy stood on the brink of collapse, with an economy which should, realistically, have long since declared itself bankrupt (Frei 163). The current German party however, is operational in very different circumstances. Their economy is one of the most advanced market economies and they are largely export led (World Bank, 2007). The people of Germany have a faith in their political system that wasn’t in evidence during the time of the Weimar. Another difference between the two political entities concerns the attitudes and beliefs of the people they governed. During the times of the Weimar, the far right was extremely prominent and had great power through the support they received from the wealthy constitutents (Childers 46). Through such power they were able to instugate violences and coups. Today people more readily accept regime and acknowledge its legitimacy. Extreme right wing politics have been legislated against and radical right wing parties are banned from power. It wasn’t just economic conditions which caused the Weimar Republic to be weak. The Republic also suffered from structural weaknesses. One example of this concerned Article 48 of the constitution which conferred dictatorial powers upon the President during an emergency and did not require collaboration and agreement with the Reichstag ministers. Furthermore, the constitution installed a system of proportional representation which resulted in the multiplication of small splinter parties.This meant that a stable minority in the Reichstag was impossible and there were frequent changes in government. Works Cited: Childers, Thomas. The Nazi Voter: The Social Foundations of Fascism in Germany, 1919-1933, Chapel Hill: University of North Carolina Press, 1983 Total GDP 2007 World Bank. Retrieved on September 17, 2008 from http://siteresources. worldbank. org/DATASTATISTICS/Resources/GDP. pdf Frei, Norbert. National Socialist Rule in Germany. Translated by Joel Golb . New York Columbia University Press , 2002

The Electric Chair is Fair Punishment :: Death Penalty, Capital Punishment

This topic is a very controversial one. The paper you are about to read could cause intense arguments between some groups of people. All that doesn’t matter to me because when you finish reading this, you will agree with me if you don’t already. First off, many people consider the electric chair cruel and unusual punishment. What I don’t get is that people think this even though in order to be eligible to get sentenced to the electric chair, they have to be proven guilty of killing someone. Don’t you think that is cruel and unusual punishment? I certainly do. In my eyes, if they don’t get sentenced to the electric chair or some other form of guaranteed death (lethal injection, the gas chamber, etc.) it becomes cruel and unusual punishment on the victim’s friends and family, not physically but mentally. Secondly, in my eyes it is one of the only fair punishments allowed by the judicial system. Personally, I think that the murderer should suffer the exact fate that their victim did. Some people might say to give the murderer life in prison. This is hardly a punishment at all. Today, due to overcrowding in prisons, a lot of prisoners don’t serve their full sentence. Would you want one of these convicts to be a murderer? I can honestly tell you, "no, I wouldn’t." Another thing about today’s prisons is that the prisoners get free meals, clothes, bed, electricity, air conditioning and heating, cable and many other luxuries that make it a comfortable place to live if you get used to the people. My last point is that these criminals should have thought of what the consequences would be before they killed someone. If they didn’t do this or did and still killed someone, they probably aren’t intelligent enough to make any positive impact on the world or they are mentally unstable. They shouldn’t get off the hook for killing someone. You might feel that sentencing them to life in prison is punishment enough but no, not to me.

Credit Rating Agencies Role in Financial Crisis

1. Credit rating agencies present one of the key problems in reconfiguring the global financial architecture. Why? What are the options? What is the most likely solution? * The rating agencies present one of the key problems because they were behind the rating of the complex CDOs as well as taking an active part in creating these mortgage-related products which created conflict of interest. The ratings given to the CDO tranches did not effectively disclose the true credit quality of the underlying securities which contained a much higher default probabilities. * Options: * More regulations by SEC to control the â€Å"issuer pays† model. â€Å"To correct the competition problem within the â€Å"issuer pays† model, the SEC could place limits on the competition that occurs among the rating agencies. † (Acharya & Richardson, 2009) * â€Å"An alternative structure (†¦) would be for the SEC to create a department that houses a centralized clearing platform for ra ting agencies. † (Acharya & Richardson, 2009) * Another option is to deregulate the industry and allow free-market competition forces to shape its further growth and development which could bring in players like Bloomberg that would offer bond rating as a value-added services to its clientele. Most likely solution: * Although it is a very complex situation and it would require a series of regulatory changes, a regulatory oversight agency that would closely monitor the rating agencies and act as an intermediary in matching the issuers with the rating agencies. 2. Greece is in trouble. Why? Fast-forward 5 years and describe the most likely outcome of the current problems and their consequences for global banking and financial markets. * Greece is in trouble because it has failed to keep under controls its ballooning debt and accumulated a total national debt of over 113% of the country’s GDP. In April and May of this year Greece has to repay a total of $23 billion of its maturing government bonds which raised the question of whether it will be able to refinance the debt at its current financial state. * It has come to light that Greece used a series of financial transactions facilitated by Goldman Sachs to make its financials appear much nicer to adhere to the EU requirements of the member countries having to maintain the budget deficit under 3% of GDP. â€Å"†¦concerns about Greece's high level of debt led the three main international credit ratings agencies to downgrade Greek government bonds in January, so when Greece issued its bonds, it had offer them at much higher interest rates (five percent higher than those offered on benchmark German bonds) in order to attract investors. † (Fleeson) * Depending on how EU deals with the Greece problem, the Euro zone could become stronger in the outcome or it could face a moral hazard when more of the problematic EU c ountries (Portugal, Ireland, and Spain) encounter the same problem as Greece and will expect EU to bail them out. If Greece is allowed to default on its international debt it will put pressure on the entire Euro zone and will make it more problematic for Portugal, Ireland, and Spain, who have â€Å"ratios of debt to gross domestic product that are three times higher than the EU ceiling of three percent†, to borrow in the near future. (Fleeson) * If EU backs Greece, it will be more easier for the country to borrow at favorable rates and it will ease the pressure from the speculators which were betting against Greece and aggravating the problem even more. On a more positive note, the fact that the euro has weakened during the past four months as a result of the situation with Greece has the made the European goods relatively cheaper and export conditions more favorable. * Most likely outcome is that EU will eventually back Greece in some shape or form, once the member countries can agree on the measures, to keep it from defaulting and impose stricter economic rules on the members to adhere to in order to create sounder economic environments. â€Å"†¦analysts say that supportive talk (and even credit guarantees) will probably not be enough to salvage Greece’s finances and that ultimately the country is likely to need a package of loans put together by other EU governments and the International Monetary Fund (IMF). † (Fleeson) * â€Å"As part of the deal being forged in Brussels, Germany and France are demanding that the eurozone rewrite its rule book about economic convergence, including sanctions against governments (such as Greece’s) that deceive their EU partners about their real financial situation. (Maudave) * â€Å"The emergence of changes of this sort, including effective measures of discipline against offending eurozone countries, the new fiscal discipline and beginning of collective economic governance among the eurozon e countries, could be an important step forward to the EU’s global clout. Such progress toward economic coherence and credibility could amount to progress on a par with the Lisbon treaty – and, for the long run, a silver lining to the current economic hardship being inflicted on the EU economies. (Maudave) References Viral Acharya, Matthew Richardson. â€Å"Restoring Financial Stability: How to Repair a Failed system. † New Jersey: John Wiley & Sons, Inc. , 2009. Print Tony Spadaccia. â€Å"U. S. is Resembling Greece’s Economic Decline. † The Breeze, March 18, 2010. Web. Sat. 20 March, 2010 ; http://breezejmu. org/2010/03/18/us-is-resembling-greeces-economic-decline/; Will Fleeson. â€Å"Sovereign Debt Liable to Overwhelm System in the EU’s Five â€Å"PIIGS†. † The European Institute, February 2010. Web. Fri. 2 March, 2010 Will Fleeson. â€Å"Euro Zone Acts to Dodge Greece's Bullet — But More to Come From PIIGS? † The European Institute, February 2010. Web. Fri. 12 March, 2010 http://www. europeaninstitute. org/February-2010/euro-zone-may-dodge-the-bullet-from-greece. html Basil Maudave. â€Å"EU Bail-Out For Greece? Time Has Come, Reportedly, To Do It — With Conditions. † The European Institute, March 2010. Web. Fri. 12 March, 2010 Arthur E. Wilmarth, Jr. â€Å"Controlling Systemic Risk in an ERA of Financial Consolidation. †

Narco-Terror the United States, the Drug War, and the...

Narco-Terror: the United States, the Drug War, and the War on Terror Introduction The United States has had a long-standing policy of intervening in the affairs of other nations when the country has thought it within its best interests to do so. Since the 1970’s the United States has tried to impose its will on other nations to combat the most pressing political enemy of the day often linking the war on drugs to the matter to stoke support both domestically and abroad. In the times of the Cold War, this enemy was communism and the government tried to make the connection of the â€Å"Red Dope Menace† insinuating drug links with China, Castro’s Cuba, and the Sandinistas in Nicaragua. However, as the world has evolved and communism’s†¦show more content†¦These kingpins consolidated their operations into cartels that would control the entire supply chain of the drug trade to maximize logistical efficiency along with revenues and profits. In the early 1980’s there were two major cartels in Colombia named for the cities th at they were headquartered in. The older cartel was the Cali cartel, an immense enterprise with subsidiaries in banking, real estate, and even an airline (Scott 94). Competing with the Cali cartel for market share was the Medellin cartel led by a man who would become synonymous with Colombian narco-terrorism, Pablo Escobar. The two cartels had vastly different styles with the Cali cartel preferring to view itself as more of a legitimate business with an executive structure that mirrors the organizational designs of many Fortune 500 companies complete with vice-presidents and divisions. Indeed, Colombian police began referring to the Cali cartel as â€Å"Los Caballeros† or â€Å"the gentlemen,† giving rise to the great respect enjoyed by the cartel throughout Colombia. Contrastingly, the Colombia police called employees of the Medellin â€Å"Los Hampones† or â€Å"the hoodlums† (Chepesiuk 23). 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