Legalizing Same-Sex Marriages - 2075 Words

The topic of legalizing same sex marriages brings up heated debates on legal, religious, moral, and philosophical grounds. In researching material for this paper this writer could not help but read reports that indicate that the country is fairly well divided on this issue. The debate can go round and around and the answer to the question of legalizing same sex marriages is not as easy as it may seem. There are solid rebuttals to any supposition one makes on the issue, making the debate a lot more interesting than one might believe. In general there are several philosophical arguments against same sex marriage: The first claims that marriage is an innately reproductive union of two people and that same sex marriages innately lack the potential for any type of reproduction, therefore it is metaphysically and biologically impossible for homosexuals to become married to one another. Thus, same sex marriages should not occur. Critics of this line of reasoning would state that there is no one who would support the notion of not allowing infertile heterosexual couples or fertile heterosexual couples who do not plan to have children the right to marry one another. Thus, this argument is not valid as an explanation of why same sex marriages should not be allowed. However, the rebuttal to this counter argument would be that the sexual intercourse that takes place between either infertile heterosexual couples or heterosexual couples not desiring children is reproductive in kind.Show MoreRelatedLegalizing Same-Sex Marriage 1119 Words   |  5 Pagesâ€Å"Marriage plays a fundamental role in civil society because it is characterized by sexual complementarity, monogamy, exclusive, and permanence† (Anderson). Legalizing same-sex marriage would affect every aspect ethically and morally, resulting in an unacceptable outcome. Therefore same-sex marriage should not be considered respectable and adequate in any lifestyle. Same-sex marriage is the union between partners of the same sex, whether it is a male and a male or a female and another female. TraditionalRead MoreLegalizing Same-Sex Marriage Essay1238 Words   |  5 PagesEveryone is aware of marriage. We have heard about it, gone to one, or even been in one. The idea of marriage is something that is bestowed upon us and something that we look forward to ever since we were children, but what about those who what to get married to the same sex. How is that possible? As you know, everything changes at some point or another, this includes marriage. That is why same-sex marriage should be legalized. It has come to a point where the idea or a â€Å"normal† marriage has to change inRead MoreThe Issue Of Legalizing Same Sex Marriage1136 Words   |  5 PagesThe world is full of many opinions. Whether you deem someone’s opinion as a good or bad one, it is still their opinion. One major controversy that entraps Americans is the thought of legalizing same-sex marriage. Now although the United States Supreme Court officially legalized same-sex marriage on June 26, 2015, that doesn’t stop anyone from having their own opinion towards the matter. So what makes people have the opinions they do? Many people believe that your environment is what affects yourRead MoreThe Effect of Legalizing Same Sex Marriage2305 Words   |  9 Pagesthe year 2014 the number of homosexuals have only risen in the past few years due to the legalization of same sex marriage throughout some states. Same sex marriage is becoming a well-known controversy in the United States due to complete opposite opinions. Society often examines the changes throughout the years in terms of consequences rather than in benefits. The legalization of same sex marriage is often portrayed as consequential to society however when examined more closely there would be moreRead MoreEssay about Legalizing Same-Sex Marriage1121 Words   |  5 PagesThe issue of legalizing same-sex marriage is one of great controversy. There are some people who think that gay people have no rights and should never be allowed to marry. Other people believe that gay people are just like anyone else and should enjoy the same rights and privileges as heterosexuals do. People opposing gay marriage argue that a couple of the same sex getting married would redefine the word marriage, the purpose of marrying is to procreate, and they should settle for Civil Unions insteadRead MoreThe Debate On Legalizing Same Sex Marriage1251 Words   |  6 PagesIntroduction Marriage also known as matrimony is the process in which two people legally or formally recognize the love between a man and woman or in some jurisdictions, two people of the same sex (Physcology Today , 2015 ). Marriage is an important part of our society. The emotional bond between two lovers is the strongest bond and most sacred (Anderson, 2013 ). However there are people who get left out because their partner is not of the same gender as they are. The debate on legalising same sex marriageRead MoreThe Issue Of Legalizing Same Sex Marriage1347 Words   |  6 PagesIt’s 1916 in Australia. The beckoning shores of Gallipoli await the thousands of soldiers that are yet to die amongst the bloodshed. These same shores, are yet to provide the battle of the century, that will go down in history as â€Å"The Great War.† Meanwhile, Australian’s take to the polls, with the Labour government asking the people whether or not they support the proposal to conscript young Au stralian men overseas for service. This national debate marked Australia’s first non-binding plebisciteRead MoreDo Not Stigmatize Same-Sex Marriages as Inferior by Not Legalizing These Unions1222 Words   |  5 Pageshard to define what is known as a â€Å"traditional marriage†. Considering the popularity of marriages that are arranged on the basis of polygamy, communal child rearing, and even the use of mistresses, homosexual marriage should not be considered â€Å"unnatural†. For many people, it is hard to understand how any individual can love someone of their same gender. Nonetheless despite the percentage of the population that is muddled by the act, same sex marriage should be legalized because denying them that rightRead MoreLegalizing The Same Sex Marriage1118 Words   |  5 Pagescontroversial issues is legalizing the homosexual marriage. The social movement for legalizing the same-sex marriage in U.S. started in the 1970s. People who support homosexu al marriage carried on their campaign arguing that banning gay marriage is a ‘discrimination’, which is similar to the prohibition of racial intermarriage that existed in past. Since lots of homosexuals all around the world insist their basic rights of marriage, there are plenty of serious debates going on about their marriage. Denmark wasRead MoreLegalizing Same Sex Marriage Is Not The End Of The Fight For Equal Gay Rights1801 Words   |  8 Pages On June 26, 2015, the Supreme Court of the United States declared all state-level bans against same-sex marriage unconstitutional, legalizing same-sex marriage all over the nation. While this ruling was a huge victory for the gay rights movement, it was not the end of the fight for equal gay rights. In fact, many gay people are still fighting for adoption rights, job safety, and government protections from abuse and segregation. Unfortunately, it is very difficult to find solutions for a significant

Corporal Punishment in Schools Essay - 1340 Words

Corporal Punishment in Schools I wrote this paper for Contemporary Moral Issues class. This was an assignment of our choice and I chose to do this topic, because the week before in Intro to Education we had discussed discipline methods and I was astonished to learn that corporal punishment still existed in schools. I am hoping that by including this piece of work on my webfolio others will become aware that corporal punishment is alive and used often in our schools. In the following paper I will discuss the controversial issue of the use of corporal punishment in schools. Supporters for corporal punishment say that it is a deterrent to misbehavior and delinquency, is needed to maintain discipline, and is not a†¦show more content†¦Corporal punishment that is administered by an educator is not a form of abuse; however, if someone other than an educator inflicted the same bruises or injuries it would obviously be abuse. Regardless of where the child is, they never deserve to be punished in such a way, because even the smallest amount of corporal punishment may lead to ever-lasting negative effects on the child. It should not matter who inflicted the bruises or injuries, because if it could clearly qualify as abuse then it is abuse, which then supports the argument that corporal punishment is a form of abuse. The next key argument that I will present against corporal punishment in schools is that it is not administered properly. Corporal punishment is often administered by several objects and certain students are targeted. The schools are not being consistent with the instruments that are being used, because in addition to schools using the traditional wooden paddle, a variety of other instruments have been used. These include leather straps, switches, baseball bats, size 13 cowboy boots, canes, yardsticks, belts, hands, feet, and many other objects. The adult usually hits various parts of the childs body with the aboveShow MoreRelatedCorporal Punishment in Schools1484 Words   |  6 PagesCorporal Punishment in Schools Corporal punishment is the deliberate infliction of pain as retribution for an offence, or for the purpose of disciplining or reforming a wrongdoer, or to deter attitudes or behaviour deemed unacceptable (Miller, Vandome, amp; McBrewster, 2009). Corporal punishment can be divided into three categories, these include: judicial, domestic and school. For the purpose of this essay we will be focusing on school corporal punishment, the advantages and guidelines to followRead MoreCorporal Punishment in Schools1531 Words   |  7 PagesCorporal punishment in schools Advocates of school corporal punishment argue that it provides an immediate response to indiscipline and that the student is quickly back in the classroom learning, rather than being suspended from school. Opponents believe that other disciplinary methods are equally or more effective. Some regard it as tantamount to violence or abuse. In the United States and the United Kingdom, and generally in the English-speaking world, the use by schools of corporal punishmentRead MoreEssay on Corporal Punishment in Schools1007 Words   |  5 PagesCorporal Punishment Beat the students! Beat the students! Beat the students! The way most school systems want to discipline their students in the school system, is to beat them. This is the concept most schools look at corporal punishment. Corporal punishment has been used in school for centuries. Many schools have limited the use of corporal punishment but most schools continue to use corporal punishment. Corporal punishment is defined as â€Å"physical pain inflicted on the body of a child as a penaltyRead MoreThe Use of Corporal Punishment in Schools Essays1851 Words   |  8 PagesAbstract Recently, as the value of education is increasing, corporal punishment became hot issue on the world because there is no any appropriate answer about† Should corporal punishment be for discipline?† According to a history of corporal punishment of Wikipedia, the practice was recorded as early as c 10th Century BC in Mà ­shlà ª Shlomoh. Even though corporal punishment is not correct way for discipline like people usually think, how the punishment has been used so far or why? Introduction On a student’sRead MoreCorporal Punishment And Its Effect On School Children1251 Words   |  6 Pagesdistribute our findings so that all of the public cannot ignore the wholesale infliction of pain and suffering onto our school children, and the role â€Å"paddling† schools play in teaching our children that physically aggressive and coercive resolutions of conflict are legitimate. Contributing to the problem of violence by making children feel rejected and isolated, corporal punishment is unsafe in and of itself, but its discriminate application may be co-incident with problems unique to racial and genderRead MoreCorporal Punishment in Schools Should Be Abolished1125 Words   |  5 PagesCorporal punishment in schools should be abolished Corporal punishment has been used in schools as a way of handling disciplinary problems. It refers to school rules which allow students to be punished using physical pain without causing injury. It is believed that using punitive method can promote students’ obedience and reduce problematic behaviour. As a result, it can decrease the number of disciplinary cases and maintain order inside the classroom. Indirectly, it will help to build students’Read MoreShould Corporal Punishment Be Banned? Schools?975 Words   |  4 Pagesof corporal punishment in schools, yet discussions are now re-surfaced to bring it back. While Corporal punishment is currently banned in schools in American Samoa, it is widely administered at home and tolerated in other social settings such as in church communities, sports events, or wherever children under the age of eighteen are present. Before I expand on my stance in this matter; let’s take a glimpse at the definition of Corporal punishment first of all. The term corporal punishment refersRead MoreEssay on Abolishing Corporal Punishment in the United States Schools755 Words   |  4 PagesCorporal punishment is a discipline method in which an administering adult inflicts pain upon a student (usually using a paddle) in response to a students offensive behavior. Nowadays regulations have been created as to how many â€Å"swats† can be inflicted, by whom, and with what instrument. It is still used in many U.S. schools as a disciplinary method against disobedient or defiant students. Although corporal punishment is no longer tolerated in the military, prisons, or mental institutions, 21 statesRead More It’s Time to Put an End to Corporal Punishment in Schools Essay1986 Words   |  8 PagesIt’s Time to Put an End to Corporal Punishment in Schools Seven countries-Sweden, Finland, Denmark, Norway, Austria, Italy and Cyprus- have laws making it illegal for parents to use physical punishment on their children. Corporal punishment in schools has been banned in all the countries in Europe, South and Central America, China and Japan. The United States has outlawed corporal punishment from our prisons as cruel and inhumane treatment, as well as wife-beating, once thought to be the rightRead MoreCorporal Punishment in Schools Should Be Abolished1141 Words   |  5 PagesCorporal punishment in schools should be abolished Corporal punishment has been used in schools as a way of handling disciplinary problems. It refers to school rules which allow students to be punished using physical pain without causing injury. It is believed that using punitive method can promote students’ obedience and reduce problematic behaviour. As a result, it can decrease the number of disciplinary cases and maintain order inside the classroom. Indirectly, it will help to build students’

Nominal Group Technique Free Essays

Nominal Group Technique In 1968 Andre Delbecq co-developed with Andrew H. Van de Ven the Nominal Group Technique, which has diffused worldwide to become the most widely used method of group brainstorming. ? and has been applied to adult education program planning by Vedros. We will write a custom essay sample on Nominal Group Technique or any similar topic only for you Order Now ? What is the NGT? The Nominal Group Technique (NGT), is a decision making method for use among groups of many sizes, who want to make their decision quickly, as by a vote, but want everyone’s opinions taken into account. ? There will be one facilitator in each group and group members. Materials we need for NGT Steps Define problem/issue as a question Divide the people into small groups Brainstorm individually Evaluate ; vote Clarifying questions, explanations Share ideas with everyone Sum votes then get the best one. Case Study Aunt Barbara passed away and left you a company – equal number of shares for each Amusement Park ? Office Building ? ? ? ? ? Closed during Autumn and Winter – costs still occur Fairly good revenues in the Summer Profit – but falling year by year ;Machines are getting old In the city center Rising competition ;New, modern offices Cheap, but can’t lower the prices any more ? No competition Case Study The company has some cash, and no outstanding debts ? It’s September and you are having your first meeting as new owners ? How could the company increase its profits? Case Study Ideas ? ? Votes ? Ranks ? ? ? ? ? ? ? ? Pros ? ? ? ? Cons requires preparation ? for some people it might be too structured/bounded ? regulates discussion – less stimulating than other techniques ? nly a single question can be discussed at a time ? ? minimizes influence of others large quantity of ideas everyone has an equal opportunity to share their ideas no judgment/criticism more satisfying to participants than other techniques When is it useful? ? ? ? ? When some group members are much more vocal than others. When there is concern about some members not participating. When all or some group members are new to the team. When some group members think better in silence. Source: http://asq. org/learn-about-quality/idea-creation-tools/overview/nominal-group. html When is it useful? ? ? ? ? When the group does not easily generate quantities of ideas. When the issue is controversial or there is heated conflict. When we want multiple alternatives for further examination When we want to prioritize the issues Source: http://asq. org/learn-about-quality/idea-creation-tools/overview/nominal-group. html Thank you for your attention! ? How to cite Nominal Group Technique, Papers

Death Returns To Formula One Racing Essay Example For Students

Death Returns To Formula One Racing Essay Jesse Oleet !0/5/98English 10 Short StoryDeath Returns to Formula One RacingMy first hint that something was wrong came Sunday afternoon when I logged on to the BBS (bulletin board service, a central computer acting as a host for other users to exchange messages) for auto racing. Someone posted a short but gripping note, I think I just witnessed the death of Ayrton Senna, he said. My eyes widened as I exclaimed what, in shock and dismay. A few hours later, the facts became clearer. Senna had crashed on the sixth lap of the San Marino Grand Prix while leading the race. It happened at a section called Tamburello a gentle bend taken at top speed, about 186 miles per hour. His car had suddenly veered off the course and crashed into a solid concrete wall. Senna was already considered one of the top drivers in grand prix racing history. He had more pole positions than any other driver did and only Alain Prost who retired last year surpassed his total wins. Incredible intensity and deep co ncentration characterized his driving. Mistakes from him were rare. It was shocking that he would have a serious crash, even more inconceivable that he would be in mortal danger. On the BBS, all of us were experiencing a sense of loss and were having a difficult time finding solace among outsiders to the sport of auto racing. Crashes like Sennas tend to bring out the worst critics who insist that those who want only to see crashes watch-racing events. And so we turned to each other expressing first our anger, then sadness and finally a candid assessment of the sport and how it could be made safer. This was the second death of the weekend as another lesser-known driver was killed during a practice session before the race. The modern formula one or grand prix car is a masterpiece of engineering and contemporary design. The top teams to develop the cars to their maximum potential spend incredible sums of money. Their shape is wind tunnel tested. Exotic materials like carbon fiber along with chemical additives for optimizing the gasoline are just a few of the important technologies used. Telemetry logged into a computer (like an airplanes black box flight recorder) can tell the mechanics and designers exactly how a car can be optimized for a particular track. In fact computer technology has played an even greater role in the last two years through the development of real-time enhancements. These driver aids as they have been called include: active suspension, engine management along with semiautomatic transmission, and traction control. Of course, along with the technological advancements has come a steady increase in speed. More importantly, this steady increase has led to a greater potential for seriou s harm in an accident. Details of Sennas crash serve to illustrate some of the dangers that grand prix racing must overcome if it is to survive. At the section where Senna went off the track, there are some bumps, which (according to other drivers) were disruptive and may have caused a mechanical failure, resulting in the veering of the car. Earlier in the year (during preseason testing) Senna himself had pointed out the danger of these bumps and had requested that the surface be smoothed out. This was supposedly done but the result was even worse! Reports indicate the bumps were perhaps 2 inches high-an incredible hurdle to a modern F1 car. Also there is the wall where the crash occurred. On most tracks there are large runoff areas with sand traps that have proved effective in slowing down out-of-control cars. Stacked tire walls have also helped soften areas of possible impact. However, at Tamburello none of these techniques were employed. There is a small river that runs near the course at this point; he nce the placement of a large concrete wall at an acute angle only a few yards from the pavement but in front of the river. A sandpit was contemplated but there was inadequate room. Finally, a patch of concrete was added over the grass to help a car gain some control and perhaps avoid the wall if it went off course. The drivers head has also become increasingly vulnerable as the speeds have increased. Senna was killed by a piece of his cars suspension that had broken off during the collision and impacted his forehead. Roland Ratzenberger, the driver who was killed in practice, also suffered a fatal head injury. .u500b7afddcc9f606d32d5cf63bb90394 , .u500b7afddcc9f606d32d5cf63bb90394 .postImageUrl , .u500b7afddcc9f606d32d5cf63bb90394 .centered-text-area { min-height: 80px; position: relative; } .u500b7afddcc9f606d32d5cf63bb90394 , .u500b7afddcc9f606d32d5cf63bb90394:hover , .u500b7afddcc9f606d32d5cf63bb90394:visited , .u500b7afddcc9f606d32d5cf63bb90394:active { border:0!important; } .u500b7afddcc9f606d32d5cf63bb90394 .clearfix:after { content: ""; display: table; clear: both; } .u500b7afddcc9f606d32d5cf63bb90394 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u500b7afddcc9f606d32d5cf63bb90394:active , .u500b7afddcc9f606d32d5cf63bb90394:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u500b7afddcc9f606d32d5cf63bb90394 .centered-text-area { width: 100%; position: relative ; } .u500b7afddcc9f606d32d5cf63bb90394 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u500b7afddcc9f606d32d5cf63bb90394 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u500b7afddcc9f606d32d5cf63bb90394 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u500b7afddcc9f606d32d5cf63bb90394:hover .ctaButton { background-color: #34495E!important; } .u500b7afddcc9f606d32d5cf63bb90394 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u500b7afddcc9f606d32d5cf63bb90394 .u500b7afddcc9f606d32d5cf63bb90394-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u500b7afddcc9f606d32d5cf63bb90394:after { content: ""; display: block; clear: both; } READ: Animal Testing Essay HookBut perhaps the greatest problem is beyond the scope of a technical discussion. It is a factor, which lies outside the control of any designer, engineer, mechanic, or driver. To illustrate, at the beginning of the year, FISA (the governing body of grand prix formula one racing) began enforcing a new set of rules which banned the use of most of the driver aiding computer technology. It was thought that driver ability was playing a much lesser role than it ever had, resulting in less competition and increased cost. But in fact, had active suspension been permitted at the San Marino race, Sennas car would have been able to negotiate the bumps at Tambu rello much more easily and a mechanical breakage would probably not have occurred. It has also been argued that the wall at Tamburello makes the track unsafe and that a grand prix race should not be held there. In fact, many tracks in the US have been denied a race for similar reasons. Yet the promoters of San Marino seem to have a strong influence and their voices have thus far held sway. Meanwhile, the technology of formula one cars continues to improve while the drivers cope with greater speed and frequently greater danger. And so the deeper problem begins to surface: can a governing body, subjected to political forces, safely and effectively guide the progress of formula one technology?Since that fateful weekend at San Marino, immediate and long-term rules changes are being contemplated by FISA. That they will be effective in improving safety remains to be seen. But even if they are, crashes will not be totally avoidable. And the critics will continue to say that racing fans are blood mongers who want only to see horrendous accidents. That there will be more death is also a possibility. But many people die even as they walk down the street, drive a car, or ride in a plane. Yes, the danger will always be present, separating the great drivers from the reckless and the mere finishers. After that tragic weekend, Niki Lauda, the retired grand prix champion was quoted as saying; God lifted his hand from formula one racing momentarily this weekend after having protected it for ten years. To those of us who admire the drivers and thrill at the delicate beauty of a formula one car as it fleetingly dances along the path of the worlds race tracks, we can only pray that the benevolent hand of protection will return and restore the relative safety of the past ten years. English Essays

Importance of Ritual in Confucianism and in Islam

How to Answer the Biggest Challenge Interview Question

How to Answer the Biggest Challenge Interview Question Part of the interview process is taking a frank look at challenges you’ve faced in your previous jobs. The interviewer is trying to figure out how you would approach problem solving in your new role, and see if there are any red flags. (Hint: â€Å"Dealing with the stupid people around me† is never gonna be your ideal answer when asked about previous challenges in your professional life.) If the interviewer does ask you a question like, â€Å"What’s the most difficult part of being a [current job title]?† or â€Å"What was the toughest part of your last job?† here are ways you can frame it to make yourself look awesome.DO think about this beforehand.It’s a common enough question that the interviewer can reasonably expect you to be ready to think on your feet. If you need a review on some of the most common interview questions, head over to this article on the most common interview questions.DON’T pretend your career has been a breeze u p to this point.It can seem tempting to make it look like you handled every issue with the ease of Roger Federer returning a serve–but making it seem like you never had any challenges or struggles won’t make you look like some kind of suave champ. It’ll make the interviewer think you’re a) not taking the question seriously; b) can’t think on your feet; or worse, c) being dishonest.DO tailor your answer to fit the job description of the position for which you’re interviewing.Unless you’re making a big career change or applying for a big stretch position, chances are your previous experiences will work nicely with the needs here. Before the interview, review the tasks and responsibilities associated with this job, and dig back in your mental archive for similar issues you’ve tackled in your current or previous jobs. Try to avoid purely personal anecdotes (about family or friend conflicts). The interviewer isn’t interviewin g a buddy, he or she is looking for a strong employee.DO be specific about why your challenges were challenges.You want to show off your problem-solving process, so offer as much context as possible so that the interviewer can see how you’re connecting your past with your present (and ideally your future) professional self. Also, sum up with what you learned from the experience. (Example: After we got through the event totally shorthanded, I developed a â€Å"Plan B† coverage system that meant we always had backup in case we found ourselves in another crunch.)DO make sure your anecdotes show you in a positive light.You don’t get bonus points for brutal honesty here. If you were facing a challenge because of a mistake or because you dropped a ball, that’s not the one to highlight here. Focus on situations where your actions made you a hero (small h, no kitten rescuing necessary), not situations that featured you digging out of a hole you made yourself. Tho ugh even heroics aren’t necessary- if you were part of a team that had to solve an issue, and you took charge of any part of the process, that’s fine too. You want to demonstrate strong leadership and problem solving, whatever you choose to highlight.DON’T panic if you don’t have a very long work history.If you’re just out of school or are otherwise just starting out, this question can be daunting- how would you have had work challenges if you haven’t really worked yet? In this case, it’s totally fine to use an example from your education, or your volunteer work, or other activities (sports, extracurriculars, etc.). Again, though, make sure you tie it to your professional life, and especially the job description. Make sure it demonstrates your leadership skills, not your failures.

English 12 Essay Example | Topics and Well Written Essays - 500 words

English 12 - Essay Example experiment, average college students were gathered and placed into a prison environment, where they were quick to take on the roles of guards and prisoners. They acted in the ways that they thought they should have; they understood the situation so much that their personalities were taken over to accompany the situation. In my opinion, I agree with the thoughts of Zimbardo and Buchanan in regards to the fact that people are pitted against the natural forces of negative situations. There are many instances when a person is already familiar with the behaviors of a person or a role, so when they are put in similar situations, they react in a way that they are already aware of. As aforementioned, many people just act how they think they should; it is not so much the fear of judgment by others, but the fact that they should perform in a certain way, that there are expectations already set down for them. When people are put into a bad situation, they act as they see fit. Their behavior changes to help them get through whatever the situation is; oddly enough, it seems that most people resort to negative behaviors and actions than positive ones. An adrenaline rush from the situation may bring on the negative reactions, or perhaps people just feel a certain strength from being tough in a situation, even if it is negative. If the situation they are can be considered bad or evil, the person may act accordingly. In a bad situation, how else should a person act? In accordance to the situation itself. I also believe that conformity plays a large role in how people act in situations that can be deemed bad or negative. In some cases, people follow the behaviors of others that are in the same situation. Zimbardos prison experiment is an example of this - while some of the "prison guards" might have remained true to their personalities and typical behaviors, they noticed that others were strongly taking on the role of real prison guards. These other subjects conformed to the

When Do Opportunity Costs Count Article Example | Topics and Well Written Essays - 500 words

When Do Opportunity Costs Count - Article Example The author in this article initiated with defining opportunity costs and how the knowledge is gained to properly identify the opportunity costs in any working environment. The author illustrated this idea by considering two different groups of people. This was experimented by using management accounting students with management accounting professionals (having proper management accounting work exposure and experience). Thus, this experiment lead to the conclusion that professional management accountants were more capable at identifying the opportunity costs associated with any project. This better identification of the opportunity costs was declared as the procedural knowledge by the writer. Later, the writer explains that opportunity costs perform as a referee between the two issues of the opportunity cost vagueness and the project completion stage. Opportunity cost vagueness, as described by the writer, is the inability to derive a proper and exact value for the benefit forgone i.e . the opportunity cost. The writer further explains that management accountants usually use estimates of opportunity costs and then these estimates are included in the final appraisal of a project. The management accountants who had higher knowledge of the Generally Accepted Accounting Principles were deemed to consider opportunity costs lightly as compared to accountants who had lesser knowledge of these Generally Accepted Accounting Principles. According to the writer, at the project completion stage, individual tend to invest heavily in the project with a rush to  finish off the project even in circumstances when the project is profitable one.  

Accident Victim Interview Essay Example | Topics and Well Written Essays - 500 words

Accident Victim Interview - Essay Example ample are respiratory disorders that are ailments allied to inhaling lethal biological chemicals, agents, gases, dust, fume or vapors at work(Reese 2008). Others include disorders contracted from poisoning by non standard dilutions of toxic matters in blood, other bodily fluids, other tissues or the inhalation that are triggered by the absorption or ingestion of toxic bodies into the human body. This paper will illustrate an interview with a victim of an occupational illness. On December 20, 2011, about 11:56 p.m., Graham John sustained serious, but non-fatal, injuries to his arms and legs when he was transporting coal. This took place when an eastbound transportation coal train consisting of 2 locomotives and 100 cars laden with coal, unsettled the lead 22 automobiles at signpost 12.9 on the Old Main Line Section in Ellicott City, Maryland. Seven of the 22 tumbled into an open bay area 15 feet beneath track level at the northern side. Other laden coal cars engaged in the derailment upended, dribbling their matter alongside the northern side of the trajectory (Reese 2008). The nature of his injuries with disabling condition included a sprained back, several cuts on some fingers and the arms, and a broken leg. The sprained back and broken leg was a result of the motion impacted when the derailment occurred, while the laceration on the fingers and the arms was due to the broken glasses shattered all round (Reese 2008). Graham’s injuries made him take a leave of absence from work for about two months. During the two months, Graham underwent a rehabilitation process for one month to aid him with the treatment and recovery from the ordeal. Some of the activities he undertook included therapist sessions and exercise sessions for the sprained back and the broken leg (Reese 2008). In conclusion, OSHA has standards that define certain types of accidents that should be reported to OSHA within 8 hours of their occurrence. They include all work fatalities, all cases

Pain Perception And Processing In Alzheimers Disease

Pain Perception And Processing In Alzheimers Disease Alzheimers patients feel pain as powerfully as others. Pain perception and processing are not diminished in Alzheimers disease, thereby raising concerns about the current inadequate treatment of pain in this highly dependent and vulnerable patient group. Pain activity in the brain was just as strong in the Alzheimers patients as in the healthy volunteers. In fact, pain activity lasted longer in the Alzheimers patients. Pain may be even more bewildering to more severely affected patients. The experience of pain may be more distressing for these patients on account of their impaired ability to accurately appraise the unpleasant sensation and its future implications. Doctors can use a tool called the Pain and Discomfort Scale or PADS. Its a system for evaluating pain based on facial expressions and body movements. People caring for someone with Alzheimers disease or other dementias can do an even better job than doctors can. Caregivers have an incredible capacity even beyond doctors to know the behavior of the person they are caring for and to look for the times they are in discomfort or pain. The trick is to watch the facial expressions and movements of patients when they are not in pain, both during sleep and waking hours. Using this as a baseline, you should be attentive to circumstances where they seem agitated, where eye contact is altered, where there is grimacing or a facial expression indicative of discomfort. As Alzheimers disease progresses towards the later stages, the ability of the affected person to communicate becomes increasingly compromised. Caregivers can no longer ask are you comfortable? or, are you in pain? and get a reliable answer. A caregiver has to interpret what behavior means. Are shouts, screams, severe withdrawal, aggression, due to confusion, something else, or are they signs of pain?   The way in which a normal person experience pain differs. Pain is a subjective experience. People who have problems communicating are disadvantaged. Research into the prevalence of pain in elders in nursing homes is estimated at between 40 and 80 percent. There is evidence that people with cognitive disabilities may have an even higher risk of being under-medicated for pain. Painful conditions such as arthritis, cancer, urine infections are sometimes not treated with painkilling medications. Even when people can communicate effectively research suggests that observers tend to assume that people over-report pain either verbally or in their facial expressions.   Effective pain management for people with dementia is a complex issue. Families and health professionals caring for people with dementia have to acquire new skills and it can be a rather hit and miss situation. The first step in pain management is assessment of the discomfort. Acute pain syndromes commonly follow injuries, surgical procedures, etc. and require standard analgesic or narcotic management. Acute pain syndromes are expected to last for brief periods of time, i.e., less than six months. Pain that persists for over six months is termed chronic pain. Chronic non-malignant pain requires a more complex strategy to minimize the use of narcotics and maximize non- pharmacological interventions. Acute pain rarely produces other long-term psychological problems, such as depression, although acute discomfort will produce distress manifested by acute anxiety or agitation in the demented patient. Mildly demented patients can become agitated or anxious with pain because they rapidly forget explanations or reassurances provided by staff. Amnestic individuals may forget to ask for PRN non-narcotic analgesics such as acetaminophen and these patients need regularly scheduled medications. Disoriented patients do not realize they are in a health care facility and aphasic patients may not comprehend the staffs inquiry about pain symptoms. The symptoms of pain expressed by patients with moderate to severe dementia include anxiety, agitation, screaming, hostility, wandering, aggression, failure to eat, and failure to get out of bed. A small number of demented individuals with serious injury may not complain of pain, e.g., hip fractures, ruptured appendix, etc. Assessment of pain in the demented patient requires verbal questioning and direct observation to assess for behaviors that suggest pain. Standardized pain assessment scales should be used for all patients; however, these clinical instruments may not be valid in persons with dementia or psychosis. The past medical history may be valuable in assessing the demented resident. Individuals with chronic pain prior to the onset of dementia usually experience similar pain when demented, e.g., compression fractures, angina, neuropathy, etc. These individuals can be monitored carefully and non-narcotic pain medication can be prescribed as indicated, e.g., acetaminophen on a regular basis, anticonvulsants for neuropathy. The management of pain in any person requires careful consideration about the contribution of each component of the pain circuit to the painful stimulus. Neuropathic pain is produced by dysfunction of the nerve or sensory organ that perceives and transmits noxious stimulus to the level of the spinal cord. Persons with serious back disease may have herniated discs that compress specific nerve roots. This pain is often positional and produces spasms of the musculature in the back. The brain interprets pain in a highly organized systematic pattern. Discrete brain regions interpret and translate painful stimuli from specific body regions, e.g., arm, leg, etc., misfire in that discrete brain region will misinform the person that pain or discomfort is being experienced in that limb or part of the trunk. A person who loses a limb from trauma or amputation may continue to experience painful sensations in the distributions for that limb termed phantom limb pain. Management of chronic pain involves three elements (1) physical interventions, (2) psychological interventions, (3) pharmacological interventions. Physical interventions include basic physiotherapy that incorporates warm or cool compresses, massage, repositioning, electrical stimulation and many other treatments. Dementia patients need constant reminders to comply with physical treatments e.g., using compresses, sustaining proper positioning, etc., and many do not cooperate with some interventions, like nerve stimulators or acupuncture. Physical interventions are particularly helpful in older persons with musculoskeletal pain regardless of cognitive status. Psychological interventions usually require intact cognitive function e.g., relaxation therapy, self-hypnosis, etc. Demented patients generally lack the capacity to utilize psychological interventions; however, management teams should provide emotional support to validate the patients suffering associated with pain. Demented patients may experience more suffering from pain than intellectually intact individuals because they lack the capacity to understand the cause of their discomfort. Fear, anxiety, and depression frequently intensify pain. Pharmacological management begins with the least toxic medications and follows a slow progressive titration until pain symptoms are controlled. Clinicians must distinguish between analgesia and euphoria. Some medications that appear to have an analgesic or pain relieving effect actually have an euphoric effect, which diminishes the patients concern about perceived pain. The goal of pain management is to remove the suffering associated with the painful stimulus rather than making the patient euphoric or high to the point where they no longer care whether they experience pain. Euphoria-producing medications can cause confusion, irritability, and behavioral liability in patients with dementia. Narcotic addiction is not a common concern in dementia patients as these individuals have a limited life expectancy and rarely demonstrate drug-seeking behaviors. Pharmacological interventions always begin with the least toxic, i.e., least confusing, medications. A regular dose of acetaminophen up to 4 grams per day will substantially diminish most pain and improve quality of life. Clinical studies show that regular Tylenol reduced agitation in over half the treated patients. Chronic arthritic pain with inflammation of the joints may also respond to non- steroidal anti-inflammatory (NSAIDS) or Cox-2 inhibitors. The gastrointestinal toxicity associated with NSAIDS is greater than that of Cox 2 inhibitor medications. Patients who fail to respond to non-narcotic analgesics should receive narcotic-like medications, i.e., Tramadol. Patients who fail to respond to maximum doses of Tramadol, i.e., 300 mgs per day, may require narcotic medications.  

Christianity and Popular Culture Essay -- Religion God Jesus Papers

Christianity and Popular Culture In his classic work Christ and Culture, H. Richard Niebuhr asserts that the relationship between earnest followers of Jesus Christ and human culture has been an "enduring problem."1 How should believers who are "disciplining themselves for the purpose of godliness" (1 Tim. 4:7) relate to a world whose culture is dominated by "the lust of the flesh, the lust of the eyes, and the boastful pride of life" (1 John 2: 16)? Culture is God's gift and task for human beings created in His image and likeness. At creation humanity received a "cultural mandate" from the sovereign Creator to have dominion over the earth and to cultivate and keep it (Gen. 1:26, 28; 2:15). But sin's effects are total, and culture—whether high, popular, or folk—has been corrupted thoroughly by rebellion, idolatry, and immorality. How, then, should Christians, who have been redeemed, "not with perishable things like gold or silver . . . but with precious blood, as of a lamb, unblemished and spotless , the blood of Christ" (1 Pet. 1:18-19) live in relation to culture? According to Jesus in His high priestly prayer, believers are to be in the world but not of it (John 17:11-16). But in what way? How do believers act in and interact with the "crooked and perverse generation" (Phil. 2:15) that surrounds them and of which they are a part? This is not an easy question, and yet the Church cannot avoid responding to it. Over the centuries, various Christian communities have developed alternative perspectives on this very influential Christ-culture connection. In the extreme, some believers have advocated a complete rejection of culture (Anabaptists, fundamentalists), while others at the opposite end of the ecclesiastical spectrum ... ...se two extremes. It serves as an alternative to both manipulation and meaninglessness. It is an agency of common grace. Since TV manufactures audiences to sell products to, they cannot be manipulated as machines. They cannot be told that life is nihilistic. Rather, they must be entertained. So Jacobson sees a redemptive role for popular culture as an antidote to the present cultural mess. His advice is unique: Turn your TV back on. You will find things worth watching and thinking about. He tells readers what to look for in a variety of programs, and even shows how expressions of grace can be found in Bufy the Vampire Slayer. Notes 1.H. Richard Niebuhr, Christ and Culture (New York: Harper and Row, Publishers, Harper Torchbooks, 1951), chap. 1. 2.Richard J. Mouw, He Shines in All That's Fair: Culture and Common Grace (Grand Rapids: Eerdmans, 2001), p. 9.

Arthur Miller’s Crucible? Essay

Even until the last few scenes of the play in Act VI Proctor still feels guilty. He states: â€Å"I cannot mount the gibbet like a saint. It is a fraud. † Just like in Act II he lets his guilt dictate his behaviour. He feels he has already condemned himself to Hell so doing any more lying will make no difference. It is only in the very last scene, when he refuses to allow his confession to be pinned to the church door, that he realises he can still be good and does the right thing. If the paper was nailed to the door the villagers would see that Proctor admitted to witchcraft and assume the others were liars. Some may argue that he is not a good man even at the end of the novel because when he does not allow for the confession to be nailed to the door this is showing his pride; he even shouts: ‘Because it is my name’ In his speech he repeats the word ‘name’ many times which shows how significant his good reputation still is to him and this could be seen as him having dishonourable intentions. However this could be interpreted, I think that the reason that Proctor does not want to have his name put on the church door is because he does not want to be the person who is calling his friends witches in the eyes of the villagers. He states: ‘I have given you my soul; leave me my name’. In signing the paper he has lied and committed a sin which due to his strict beliefs he would feel his soul was not worthy of heaven, however he does not want to commit the sin of tarnishing the reputation of the other honest villagers. I think this shows Proctor to be a good man because he does not care that he has committed a lie and so condemned his soul to hell but does care that he should blacken Rebecca Nurse’s. In the same way he does not care if he is hanged as long as Rebecca can die with her good reputation intact. He also places emphasis on his own name because he does not want to commit the sin of lying to the whole village- this shows that he values the morals he believes in and does not want to lie to so many people. I think Miller shows the struggle within Proctor to do the right thing and die or to do the wrong thing and live as a comparison with those who in the McCarthy regime wrongly accused others to save themselves from imprisonment. Miller is telling the audience that people like him who did get imprisoned were making the real sacrifice and doing the right thing whereas those who accused others were weak like Mary Warren and too cowardly to be imprisoned. John’s refusal to name other people who he has supposedly seen with the Devil also shows that he is a good man because he refuses to condemn others to the fate of death. Unlike the girls and many of the other accused witches he does not use this as an opportunity to dispense revenge on his enemies. In doing this he shows himself to be a moral superior to the other villagers and this also draws parallels with what Arthur Miller himself did when he was questioned by the House of Un- American Activities. He refused to be manipulated and went to prison for a short time rather than allowing himself to succumb to petty vengeance bred by the feeling of fear. Arthur Miller shows John as a hero here because he has done the right thing in the end and not lowered himself to the sinful acts of others in his community. Miller shows that people may act good and show good morals like Mary Warren when she shouts: ‘I believe in God’ but this is a facade because although to the society Mary looks like a reformed sinner in reality she is still sinning. However Proctor and others like Rebecca Nurse have to look like sinners and slaves of the Devil in order to keep to good morals. This irony shown by Miller helps him to illustrate how the McCarthy regime like the witch trials instead of causing goodness bred vengeance and evil. At the end of the play we know John Proctor to be a good man. His initial flaws of guilt and adultery were countered by his eventual admittance of his sins and standing up for the truth. His decisions to eventually tell the truth and die rather than lying and tarnishing the reputation of the villager’s show what a good person he was. His flaws were used by Miller to give his message to American society: people in their time who were being prosecuted by John McCarthy may have flaws just like Proctor but really the true evil lay within the House itself and that the people were innocent and just victims to jealousy and the injustice of hysteria just like Proctor was in Salem. The main technique of irony: the judges and accusers seemed like moral superiors yet the judges were manipulative and the accuser’ vengeful whereas Proctor who was flawed and thus seemed sinful did not succumb to either evils. This helps strengthen Miller’s message about the people who accused others of Communism and the House itself. The universal purpose is to remind people that jealousy and hysteria are dangerous things and that even ideal societies like the democracy of America and the theocracy of Salem can be unjust and uncivilised and this is shown brilliantly by the harsh and cruel manipulative manner of the judges. In Salem’s idea of goodness Proctor was a good man at the end of the play because he was sorry for his sins and believed in God; he even demonstrated this by refusing to lie at the end. Like all humans he had flaws but he overcame these by doing the right thing at the end. In Miller’s and modern times, he is also a good man because we respect people who stand up for what they believe in like Proctor did in the courts and also we value truth he stood for in an ever increasing world of media lies and propaganda. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Arthur Miller section.

The Choice by Nicholas Sparks Book Review

The Choice by Nicholas Sparks Book Review This love story from  Nicholas Sparks follows his usual easy-to-read, entertaining style, with a  Ã¢â‚¬â€¹plot that culminates in a poignant ending, producing real emotion from the reader. The lovers, Gabby and Travis, seem to be cross purposes. Even their dogs seem to be at odds, especially when her dog becomes pregnant. What choices will be made? Too Much Prologue and Epilogue? A major criticism of the novel has been Sparks use of a prologue and epilogue, each of which is in the present, 11 years after the main action. The criticism is not valid, for the prologue creates a sense of impending but unnamed doom that heightens dramatic tension in the novel. Hints are dropped. He brings flowers to his wife of 11 years at her workplace because theyd had an argument three months ago, the last time they had spoken and shared the same bed. As a child, Travis asked his father to tell him stories with a surprise ending because these were the best ones. The story then moves to when they met 11 years earlier. Travis is a single and unattached veterinarian, his life filled with friends and fun. Shes in a long-term relationship. In fact, she has moved to Beaufort, North Carolina to be near her boyfriend. Her dog brings them together. In just a few days, Gabby and Travis fall in love. She resists with all her might, but the inexorable flow of the ocean is working against her. Shortly after meeting her, Travis knew that the solitary journey hed been on for years had somehow reached its end. Both know  snap decisions  can be made, can be exactly right, and powerfully enduring. The Twist Sparks said at a reading that he always knows the twist, the surprise which ends his novels  when he begins writing. This twist will, compared to his other emotionally charged novels, unleash a torrent of tears, Niagara Falls on steroids. But, the emotion will be emotionally cleansing for it involves a choice each of us is likely to face one day. How do we meet the curveball life throws us from time to time? What choice will Travis make? This is the stuff of serious romance novels. Perhaps the most prescient comment is by a  woman at a reading who noted, Life gets turned around by someone, a catalyst, who  melts  the other persons wall. That is true here, but the catalyst is a bit surprising, even for Sparks. Why Are Sparks Novels so Popular? Readers appreciate that Sparks always provides a good story. It has a message and it flows. He seems to understand women. There is always a clear theme, but it isnt written to formula. The Movie The Choice was made adapted as a feature movie in 2016, starring Benjamin Walker as Travis and Teresa Palmer as Gabby, with Maggie Grace and Tom Welling as their other love interests and Tom Wilkinson as Travis father. It received a very poor rating on Rotten Tomatoes.

Rise and fall of marks and Spencer Essay Example

Rise and fall of marks and Spencer Essay Example Rise and fall of marks and Spencer Essay Rise and fall of marks and Spencer Essay Porters five model industry analysis , BCG Matrix and the Value Chain analysis are used to evaluate the whole spectrum of factors that contributed to the rise and decline of Marks and Spencer. An attempt is also made to suggest future strategies to be adopted to regain the lost ground. MS Background The company was started in Leeds in 1884 by Michael Marks , a Russian immigrant. Ten years later , Tom Spencer joined partnership with Marks and MS was born (Beaver, 1999). Their partnership had all the components of success, uniting entrepreneurial flair with the commercial expertise required to create a string of Penny Bazaars (Christopher, 2001). In the 1920s, the business exercised a revolutionary policy of buying directly from manufacturers rather than going through wholesalers. These unique relationships with suppliers gave the business an advantage and convenience that few of its competitors could match. The growth of MS was fast and in 1926 it was listed in the London Stock Exchange as a public company (Whitehead, 1994). Two years later, Simon Marks took over the reins of MS from his father. He introduced the St. Michael brand , a symbol of excellence and quality. In 1930s, MS flagship store was opened at Marble Arch, London. Afterwards, food departments, which sold canned products, were introduced into the company. Moreover, MS started to made forays into the foreign markets in 1970s and had a mixed success in its foreign operations. It opened its first overseas store in Canada in 1973 and then the expansion continued in Europe (Daniels, 1995). It also exported its St. Michael brand merchandise to franchised stores in seventeen countries. This environmental analysis generates information which is structured and directed in a meaningful way for marketing and strategic planning process with respect to the present and anticipated situations. The internal environments are explored using the strength and weaknesses where as the opportunities and threats are analyzed for the external. The detailed factors that characterizes the strengths , weaknesses , opportunities and threats are listed as Appendix I. PEST Analysis Through the PEST analysis the external macro environment is explored. Here factors pertaining to the political, economical socio-cultural and technological aspects are looked into. Political The stability of the present labour government, its taxation policies, anti monopolistic policies, the employment laws and the formation of the competition commission so on are having a direct impact on the retail industry as well as M S. Mergers and acquisitions are not encouraged and hence thoroughly investigated. Because of the presence of the strong trade unions the companies are not in a position to introduce operation simplification just as the legendary Marks could introduce it in Marks and Spencer, immediately after the Second world war. As such firms have had to adapt to wage rises and have been forced to find other ways to lower costs. Supermarkets such as Tesco have in the past reduced costs by exploiting suppliers by taking advantage of their strong buyers bargaining power. Farmers in particular have been the subject of such exploitation though the governments competition commission has since attempted to rectify the situation by introducing a code of practice (BBC online 2001, Supermarkets code too weak ) Economic Corporation tax is currently 30% for large firms. Tax credit is allowed for research and development. Inflation and interest rates are at reasonable level with positive indicators in GNP growth rate. Even though recessionary trends are speculated about its drastic effects are not yet perceptibly seen in the economy. Of course the economy show signs of weakening. The underlying rate of inflation was 2.3% for March 2002. The Bank of England is attempting to keep inflation below 2.5% and hopes to prevent a rise in interest rates. A rise in interest rates will complicate any financing decisions and may hinder any long-term investments as it will increase the cost of debt as such alternative forms of investment such as equity become a more desirable form of investment though historically equity finance is seldom used for financing long term objectives due to the fact that it can be very costly and will dilute shareholder control. For the past two years the prediction of an impending recession has loomed large though this has not happened. Many economists predict an imminent recession. If that prediction is proved correct , history dictates that , in times of recession , consumers will be more price sensitive and less likely to purchase high priced goods due to a lack of disposable income. Socio-cultural Current trends suggest that over the last 10 years there has been a large rise in the popularity of bulk buying , with food items in particular being bought in bulk. Moreover there has been a increase in demand for convenient foods such as sandwiches and microwave meals. The impact of September 11th in conjunction with the rise of charity initiatives suggest that many people are likely to adopt a more sympathetic view to world problems and thus greater importance is likely to be placed on corporate responsibility and charity initiatives. Though Tesco and Gap practices in the past have been deemed irresponsible and yet their profit was not adversely affected. Technological The ever-increasing popularity of the Internet and the advent of broadband technology has resulted in many firms now offering online services allowing for home shopping. The use of intricate computer systems has enabled firms to automate and accelerate many procedures previously done by hand. Linked system have also enabled easier account collection, statistical analysis and identification of demographic data Porters Five Model Industry Analysis The widely accepted and commonly used Porters five model industry analysis rests upon the industry dynamics which in turn are influenced by the forces of macro and micro environments. This analysis is not one of activity alone but an on-going process. These forces exercise relative power at a point of time and it is really important to identify which of these five forces are the key forces at operation and evolve a strategy to position itself to take advantage of the opportunities and over come the threats. Because of the dynamic nature of these forces the analysis is to be repeated on an on-going basis so as to deprive of the potential competitors to overtake , regain , sustain and improve the market share and growth as the situation demands. The threats from the New entrants , buyers and suppliers bargaining power , substitutes and competitive rivalry are analyzed and shown in Appendix II Porters 5 forces model suggests that when buyers exert a high degree of choice and are able to choose from a variety of substitutes product quality, price, product differentiation and branding are likely to become prevalent factors as concerns the success of a firm. As such this is likely to be common within the market MS operates as there is a high degree of competition incurred in direct and indirect forms meaning buyers (customers) will have a high degree of choice thus firms must cater to this in the manners outlined above. Additionally the fickle nature of the fashion industry i.e. product life cycle is low due to ever changing fashion trends means that a quick and efficient response to customer demand can critically affect the degree of success a firm experiences. Additionally an awareness of future environmental conditions can be of vital importance to a firms success as the importance of price, product quality branding and differentiation can vary greatly within different cir cumstances. I.e. during a period of recession price becomes a prevailing factor, which is likely to dictate customer choice. Whereas during a period of prosperity quality and brand become dominant factors. The Core Competences Critical Success factors and Competitive Advantage Core competences arises from the unique and distinctive way that M S builds, develops , integrates and deploys its resources and competences. It can be evaluated like this. M S has a clear customer focus. Because of the inbuilt , robust competences the uniqueness of M S cannot be easily imitated. With regard to its flexibility this is one area in which M S did not respond timely in adequate measure. They lagged behind other competitors in adapting to the changes in the market or industry conditions. The company has paid a bitter price for this laxity. The extent to which value is added to the product/service is quite is good. Finally, with respect to sustainability M S could not retain the tempo of its momentum and march even though it is still the market leader. The critical success factors and core competences are pictorially depicted and is shown in Appendix III. Competitive Advantage M S could attain competitive advantage by developing and implementing these distinctive resources capabilities and competences. The strategies adopted after the great fall of 1998 enabled M S to regain its lost territory. The competitive advantage of M S can be explained in terms of its reputation for quality ,its special relationships with its suppliers and its customers. M S has a very exacting but mutually profitable relationship with the suppliers. It demands high quality at reasonable cost and flexibility in return for large volume of business. Its relationship with the customers is based upon its reputation for good service , refunds , exchange of goods and high quality value for money goods. Real competitive advantages take longer to build and last longer. M S has the best brands on high street. The customers associates with the company with dependability and value for money. The employees are always a privileged lot resulting in their high involvement and commitment. In the end result it has a performance that is superior to most of its high street competitors.

Urban wildlife management in arizona Essay Example | Topics and Well Written Essays - 250 words

Urban wildlife management in arizona - Essay Example This is something that makes the wild animals insecure and can be used in explaining the fact that they have been attacking human beings without being provoked. The fact that their natural habitat has been invaded is already enough provocation to them (Luniak, 2004). This leads to the solemn point that the government should also make sure that in the bid of expanding citys wildlife should always be considered. There are a number of ways in which wildlife can be considered in such a case. This is because in this case they as just as endangered by the situation just like human beings are. There can be made plans that will see to it that their inhabitants are fortified in such a way that they will not be easily found in the areas that are inhabited by human being (p. 67). The wild animals that cannot be easily put away from human beings habitat could also undergo scientific gene modification to make sure that the hostility that they have towards human beings is moderated. Some people would argue that this would be endangering the wild animals, but industrialization and urban growth are already putting them and human being in danger with each side fighting for survival at any cost (p.

To what extent can the trial and execution of Ruth Ellis 1955 be Outline

To what extent can the trial and execution of Ruth Ellis 1955 be considered a turning point in approaches to the punishment of criminals in Britain in the years 1830-1965 - Outline Example treadwheel) but also the use of crank machines, shot drills, and picking oakum1, 2. With the purpose of â€Å"grinding corn, pumping water, and other prison purposes†, the criminals had to work between 8 to 10 hours a day manually revolving the mill by stepping on the 16 feet wood cylinder3. In 1865, the number of days wherein the prisoners will have to use the treadmill or crank was limited to only 3 months of their entire sentences4. The penal transportation is referring to the process of transporting convicted criminals to a separate colony (i.e. Van Diemen’s Land in Australia)5. Since the 1820s, there was a false belief that the act of transporting convicted criminals to a separate colony could help decrease the crime rate in Britain. In 1837, the group of penal transportation committee was finally convinced that this particular penal punishment was not effective and has to be removed immediately. Eventually, the Penal Servitude Act 1853 became the substitute for penal transportation6. As a correctional facility, convicted male offenders were kept in Pentonville Prison since 1842 whereas the female offenders were kept in the Brixton Prison since 1852. In 1857, the British government officially abandoned the use of the â€Å"prison hulks† which are old sailing ships7. Between 1877 to 1878, all prisoners in Britain were being managed by the British government. Other form of punishment includes hanging in public which officially ended in 18688. Ellis used a .38 revolver to shoot David four times yet she remaind calm after committing the crime. During the trial, Ellis boldly stated that â€Å"it was obvious that when I shot him, I intended to kill him†9. Specifically the facts presented in the court gave the jury the false idea that Ellis was â€Å"a cold-blooded killer†10. Even though the use of hanging as a form of capital punishment has officially ended in 1868, Ellis became the

The subject of social responsibility of business Essay

The subject of social responsibility of business - Essay Example Social activists argue that engagement of business in social activities of improvement is clearly moral and civic value and should be carried out without the incentive of any financial gain in mind. Efforts are being made to correlate social responsible corporate actions with financial performance. Social responsibility is approached as a continuum with five distinct levels: illegal and irresponsible companies, complaint companies, fragmented companies, Strategic and social advocacy. The Author concludes it does pay to be good but only in limited contexts. Unit of Analysis: Businesses, Ultimate Objective: To signify the correlation of social responsibility and financial performance of businesses, Source of Motivation: Socially responsible companies have been in business for long terms now. Businesses with strong cultures seem to have been better off than the businesses with weaker culture.Focus of Attention: the focus herein has been the evaluation and analysis of the Correlation between social responsibility and financial performance. Based on reading the article, the author has presented various distinct views of groups of individuals, who have in one way or the other tried to prove correlation between social responsibility and financial performance. ... stand that they do not discourage involvements of business in social welfare activities but believe that they should be carried out only if there are any financial gains in sight. Social Activists views are the fact that they perceive social responsibility is a moral value. The author defines levels of the Social responsibility continuum, used as a model. Five distinct levels have been brought into our views. Hence the author deducing the following conclusions: The companies at level 1 , not profitable at all in the long run (illegal), for level 2 (Complaint) companies compliance with legal mandates is simply a necessary condition for existence, for level 3 (Fragmented) companies act responsibly beyond complying with the law, Level 4 (Strategic) is the strongest link between the CSR and financial performance, at level 5 ( social advocacy ) is on social change rather than on profits . Furthermore at least two types of HR activities seem to be important contributors to profits. According to the author the short answer to this is that Yes it does pay to be good but under limited constraints. One other very vital issue to be noted here is that there is no evidence that companies who engage in social welfare or development without any financial gains in return face any negativity in profits. Like Wise there seems to be no evidence that suggests that businesses who do not engage in any activity other than making profits or increasing shareholders value are in any financial gains.

Irony in to Kill a Mockingbird Essay Example for Free

Irony in to Kill a Mockingbird Essay Irony: A rhetorical device, literary technique, or situation in which there is an incongruity between the literal and the implied meaning. Example: â€Å"’We are a democracy and Germany is a dictatorship†¦ Over here we don’t believe in persecuting anybody. Persecution comes from people who are prejudiced’† (329). Lee, To Kill A Mockingbird. Context: In To Kill A Mockingbird, by Harper Lee, during class, little Cecil Jacobs gives his current event about Adolf Hitler to the class. Miss Gates, the teacher, takes this opportunity to teach the children a lesson about how wrong prosecuting the Jews was and how she â€Å"hate Hitler so bad† (331). Scout later finds this misleading because at the courthouse, she overheard Miss Gates telling Miss Stephanie â€Å"’it’s time somebody taught [black people] a lesson, they were getting’ way above themselves’† (331). Concept: In To Kill A Mockingbird, Lee utilizes irony to emphasize the connection between the issue of racism in Maycomb to Hitler’s intolerance for Jews. Lee applies the reference to Adolf Hitler as a representation of the discrimination in Maycomb. During a lesson, Miss Gates expresses her belief of how it was horribly erroneous Hitler’s injustice to the Jews was. Although she believes â€Å"‘[in Maycomb], we don’t believe in persecuting anybody’,† she is oblivious to the prejudice she is against because it was fairly distinct in the aftermath of Tom Robinson’s trial, that the town, in fact, does commit the act of aversion towards black people (329). Scout recalls Miss Gates telling Miss Stephanie in the courthouse after Tom Robinson’s trial, that â€Å"it’s time somebody taught [the black people] a lesson’† (331). Miss Gates contradicts herself by teaching the children a lesson about the detestable acts of persecution while she hypocritically judges the blacks harshly right in Maycomb. She herself is mirroring the actions of Hitler, persecuting the black people in her own town when she herself says that the people of Maycomb â€Å"don’t believe in persecuting anybody† (329). It is ironic because Miss Gates has these views on Hitler whereas her actions are comparable to Hitler’s. Connection: In To Kill A Mockingbird, the above example links to the characterization of the Maycomb townspeople. Their hostility reveals a darker, more lurid side to the seemingly peaceful town. The biased townspeople are very discriminating to the black people. Their hateful ways show ignorance and how they rule the community’s concept of what democracy means. When Atticus says that Tom Robinson’s case â€Å"is as simple as black and white,† he literally means it is that simple. The white people easily side with Bob Ewell’s story rather than with the truth just because it is a black man’s words. This displays their prejudice and animosity against black people.

Relationship between Assets and Liabilities on Balance Sheet

Relationship between Assets and Liabilities on Balance Sheet Cement industry indeed a very important part of industrial sector that plays a essential role in the economic development. Though the cement industry in Pakistan observed its lows and highs in recent past it improved during the last couple of years and floated once again. A basic economic decision deal with a financial intermediary is the mixture of assets to buy and liabilities to sell, a decision that reflects a complex set of economic and institutional considerations. When viewed as a decision under uncertainty, the outcomes from this decision involve interactions among the assets, among the obligations and among assets and obligations. The asset and obligation structures of cement sector of Pakistan necessarily reflect these interactions as well as many regulatory and institutional constraints unique to the cement industry. Multivariate statistical procedures such as canonical correlation analysis are being used more frequently and the methods used in thesis can be applied to other studies. The mixture of assets and liabilities chosen can be viewed as a basic portfolio theory decision. In thesis canonical correlation analysis was applied to examine the relationship between assets and liabilities made by a cross-section of 18 large cement companies of Pakistan listed in stock exchange. Canonical correlation is a multivariate statistical technique that was used to assess the nature and strength of relationship between assets and liabilities. The correlation between each set of assets and each set of liabilities indicates the relationship between assets and liabilities but all of these correlations assess the same hypothesis that assets influence liabilities. The thesis focused on firms of the Pakistans cement industry and the purposes of the thesis was to identify relationships between assets and liabilities exhibited by these corporations and to explain the nature of these relationships. The teaching of corporate finance as reflected in the major textbooks compartmental izes the decision areas of finance and within each compartment management is assumed to attempt to maximize the firms wealth, holding the other areas of the firm constant. For example, capital budgeting decisions are made given a cost of capital or required rate of return (a capital project is evaluated independent of how it is financed), or the capital structure is chosen given the character of the firms assets. Cash, receivables, and inventory balances tend to be optimized independently. There is a tradeoff between the rigor afforded by global models of the firm (such as the CAPM) versus the realism afforded by the various approaches used in the compartmented models (e.g., cash management models, equipment replacement models, leasing, etc.). Business practice has the same dilemma; complex organizations must decompose the overall wealth maximization problem into sub problems which, when solved, allow the firm to make satisfactory decisions. Business executives may be uncomfortable with an assumption of independence between investing and financing decisions for two reasons. First, even if the decisions were independent, the decisions may occur simultaneously because of the necessity of raising the funds to invest. Second and more importantly, the assumptions necessary to obtain independence may not be obtained. Several interdependencies might be anticipated between assets and liabilities: Hedging is commonplace, where firms go with maturity structure of their assets and obligations (i.e., short-term assets tend to be financed with short- term obligations and long-term assets tend to be financed with long-term obligations). Some assets are used as collateral for loans. For example, accounts receivable can be used as collateral for short-term bank loans or factor loans and real estate as collateral for mortgages. Commodity-producing firms will maintain inventories which may be financed with credit from suppliers (accounts payable) while service-providing firms may have little of either inventories or accounts payable. High risk businesses may try to manage risk by using less leverage on right hand side of balance sheet (high equity) and by maintaining larger liquidity balances on the left-hand side. This process may enable management to reduce the probability of insolvency It was the objective of the thesis to determine relationships between assets and liabilities on balance sheet exhibited by a sample cement firms of Pakistan. Canonical correlation analysis was used to identify and study the nature of relationship between the structure of the left and right hand sides of the balance sheet. Though canonical correlation analysis is very similar to discriminant and factor analysis, it has not been widely employed in finance. The variables used in this study are, Cash, Account Receivable, Inventories, Long-term Assets, Account Payable, Short-term Debt, long-term Debt and Share Holder Equity. CHAPTER 2 LITERATURE REVIEW Stowe,John D,Watson,Collin J Robertson ,Terry D (1980) observed the relationship between assets and liabilities with the help of canonical correlation analysis. The purpose of research was to identify relations between the two sides of balance sheet (Assets and liabilities) revealed by the corporations and to explain the nature of these relationships. Data from balance sheet for a cross-section of firms was used in the study. For each firm / corporation, a general size (or percentage breakdown) balance sheet was constructed with 4 asset and 4 liability accounts. A big diversity of balance sheet structures was present between 510 firms. A number of remarkable relationships were found in the study i.e. inventories were positively correlated with accounts payable and long-term assets were correlated with long-term debt. On the other hand, stockholders equity was not highly correlated with any of the asset proportions. An independence of asset and liability composition of the firm is tilted in much modern financial theory, the independence of investing and financing decision is a prominent part of Modigliani and Millers classic capital structure research. Though the distribution of financing and investment decision is an invaluable assumption which greatly makes simpler many business financial decisions, real balance sheets of modern corporations do not exhibit independence between assets and obligations on balance sheet. The aim of the study was (1) to recognize relationships between t assets, obligations and equity on a balance sheet reveal by these firms and (2) to clarify the nature of these relationships. Independence of liability and asset composition is explicit in Modigliani and Millers capital structure proposition. In their article, they exhibited that, given a flow of risky earnings; the firms total market value and cost of capital are independent of capital structure. The education of corporate finance, as imitated in the major textbooks, compartmentalizes the decision spots of finance and, within each box, management is assumed to effort to maximize the firms wealth, holding the other spots of the firm stable. For example, capital budgeting decisions are made given a cost of capital or required rate of return (a capital project is evaluated independent of how it is financed), or the capital structure is chosen given the character of the firms assets. Cash, receivables, and inventory balances tend to be optimized independently. There is a tradeoff between the rigors afforded by global models of the firm (such as the CAPM) versus the realism afforded by the various approaches used in the compartmented models (e.g., cash management models, equipment replacement models, leasing, etc.). Business practice has the same dilemma; complex organizations must decompose the overall wealth maximization problem into sub problems which, when solved, allow the fi rm to make satisfactory decisions. Business executives may be uncomfortable with an assumption of independence between investing and financing decisions for two reasons. First, even if the decisions were independent, the decisions may occur simultaneously because of the necessity of raising the funds to invest. Second and more importantly, the assumptions necessary to obtain independence may not be obtained. Several interdependencies might be anticipated between the assets and liabilities, those are, (1) Hedging is commonplace, where firms go with maturity structure of their assets and obligations (i.e., short term assets tend to be financed with short term obligations and long-term assets tend to be financed with long-term obligations), (2) some assets are used as collateral for loans. For example, accounts receivable can be used as collateral for short-term bank loans or factor loans and real estate as collateral for mortgages, (3) commodity-producing firms will maintain inventories which may be financed with credit from suppliers (accounts payable) while service providing firms may have little of either inventories or accounts payable and (4) high risk businesses may try to manage risk by using less leverage on right hand side of balance sheet (high equity) and by maintaining larger liquidity balances on the left hand side. This process may enable management to reduce the probability of insolvency. It was the intent of the study to determine relationship between assets and lia bilities on balance sheet are exhibited by a sample of large corporations. Canonical correlation analysis was used to identify and examine the nature of relationships between the structures of the left- and right-hand sides of the balance sheet. While canonical correlation analysis is very similar to discriminate and factor analysis, it has not been widely employed in finance. There were two general conclusions of study. The first basic purpose of study was satisfied that there are basic relationships between assets and obligations on a balance sheet which were identified with canonical correlation analysis. The assumptions behind much of modern financial theory allow us to separate investing and financing decisions. Relaxation of these assumptions can admit interdependencies between assets and obligations and several interdependencies were found in our empirical study. These relationships across the balance sheet include (1) hedging, (2) the use of collateral for loans, (3) invento ries associated with accounts payable, and (4) manage risk with instantaneous use of inferior leverage and larger liquidity balances. The capital structure research since M and Ms original irrelevance argument has attempted to utilize the effect of the current value of interest tax shelter due to debt financing and the effect of expected bankruptcy costs on the firms optimal capital structure. The interdependencies between assets and liabilities found in this empirical study could be incorporated into models of capital structure. The second general conclusion was to recommend canonical correlation analysis of financial statement data for other research topics. Much of the published empirical research concerning financial statements is on topics with a single, well defined dependent variable; these topics would include predicting bankruptcy, bond ratings, or loan defaults and explaining market risk measures. Canonical analysis, where there is a set of dependent variables, would allow empirical analysis to proceed where no unique variable can be chosen as the dependent variable. Furthermore, variables which are linear combinations of financial statement proportions might be employed instead of the usual financial ratios.7 Canonical variate scores for a firm could be associated with its bond ratings, probability of default, or systematic risk. These topics usually have been investigated using financial ratios as predictor variables Stowe,John D Watson,Collin J(1985) did the multivariate analysis on balance sheet composition of life insurer. The purpose of that analysis was to study the empirical relationships between the assets and obligations structure of the life insurer. The assets and liabilities mixture that chosen by life insurer can be viewed in terms of basic portfolio theory decisions. Canonical correlation analysis was used by the researcher to study or examine the internal structure of these portfolio decisions that was made by a cross section of large life insurers. The financial intermediaries study, such as life insurers, is distinguished from that of nonfinancial businesses for several causes. First, the financial intermediaries assets consists just about entirely of financial assets as opposed to the real assets that bulk large on the balance sheets of nonfinancial businesses. As suggested by Moore B. J (1968) in his article an introduction to the theory of finance that the financial assets dif fer from tangible assets; the financial assets are intangible and they are held for the income they generate as opposed to the direct physical services they yield; financial assets are more liquid and finally financial assets can be more freely converted from one form to another while real assets are indurate. A second difference between intermediaries and nonfinancial businesses involves the nature of their obligations. Financial intermediaries accumulate loan able funds through issuing a variety of claims. For example, the commercial banks and life insurers claims are quite different from the obligations issued by nonfinancial corporations. A final significant difference between financial intermediaries and other businesses is that the intermediaries normally are more seriously regulated and sometimes are subject to separate taxation from other firms and individuals. Like other intermediaries life insurers have been the subjects of a range of empirical research projects. J. D (197 3) Cummins in his article An econometric model of the life insurance sector of the U.S economy and J. E Pesando, in his article The interest sensitivity of the Flow of funds through life insurance companies presented an econometric analysis for the comprehensive flow of funds through the life insurance sector. J.D Stowe (1978) in his article examines the investments of individual life insurers in a cross-sectional, time-series study. The basic operational hypothesis for the study on balance sheet composition of life insurer was that a number of categories of assets on the left hand side of life insurer balance sheets had more than one pattern of correlations when they are associated with several liability and surplus classes from right hand side of balance sheet. In addition to testing this hypothesis, the natures of the relationships between assets and obligations were examined and the strength of the multivariate relationship was anticipated. The structure of life insurer assets w as explained as a function of the structure of the other side of the balance sheet and of some additional firm specific variables. In this study it was necessary to predict several criterion variables simultaneously by means of a second set of predictor variables. Under these circumstances, no single regression equation can presented a fully adequate solution. Any linear combination of the criteria may be used as the dependent variable in a regression equation, and in general not one but a number of regression equations must be used to give an appropriate picture. The problem of finding linear combinations of the criterion variables that can be most accurately predicted from the predictor variables was solved by H. Hotelling in his article The most predictable criterion commonly known as canonical correlation analysis. G. Donald Simonson, D. J Stow, and J. Collin Watson (1983) analyzed a canonical correlation analysis between assets and liabilities structure of commercial banks in. They analyze the balance sheets of all 435 domestic U.S banks with assets in excess of $300 million at year end 1979. Data was taken from the December 31, 1979 Foreign and domestic Report of Condition files prepared on magnetic tape by the three federal bank supervisory agencies. They limited the analysis to large banks for two reasons. First, smaller banks do not have the talent or market position to aggressively practice liabilities management and therefore their balance sheets are not as likely to reflect differentiated policies relative to bearing interest rate risk. Second, the three federal agencies require only banks with assets over $300 million to report maturities of both de posits and selected loans, as well as a breakdown of loans in to those with predetermined versus floating interest rates. These large bank data permit us to construct several key balance sheet accounts on the basis of interest sensitivity. Six asset and six liability/capital categories were expressed a s a proportion of total assets for each of the 435 banks in the study. The purpose of a study was to identify and describe the relationship including heading behavior of a single dependent variable as a function of a set of independent variables, canonical correlation analysis relates two sets of variables. In the present case one set of variables is the composition of the left hand side of the balance sheet and the other set is the right hand side. The variables used in this study are asset and liability/ capital categories expressed as proportion of total bank assets. These portions were used in lieu of the more usual financial ratios and no information exogenous to the bank was employed. During the past two years bankers and bank analysts have been concerned about how interest rate risk is derived from cross balance sheet relationships. The mismatching of maturities or interest sensitivities whether interest sensitive assets financed with long term liabilities or long term assets financed with interest sensitive liabilities creates interest rate risk. For example high interest rates and a downward sloping yield curve, one whose short term rates exceed long term rates for borrowers of similar creditworthiness, especially expose institutions which pursue the traditional financial intermediation formula of borrow short lend long. In commercial banking, the exposure is greatest for banks which finance fixed rate term loans and long term fixed income securities with short term funds at money market rates. Banks can defend themselves against this exposure by practicing asset/liability management; by coordinating their procurement of funds and acquisition of assets. There was early theoretical appreciation of the necessity for management of the maturities of asset and liability portfolios. In a simple three variable model D.H Pyle (1971) in his article theory of financial intermediation shows that assuming banks maximize the expected utility of terminal wealth, ba nks choices of assets (liability) portfolio will be conditioned upon the parameters, including maturity, of their liability (assets) portfolios (given nonzero covariance of liability and assets yields). According to the applied asset/liability management dictum, banks with volatile short term interest sensitive source of funds should attempt to structure their asset portfolios to emphasize short term and floating rate movements and in general maturities of asset and liability portfolios should be matched. Such banks can be said to adopt defensive loan portfolios. Other banks by their nature are less dependent on short term market rate funds and are in a better position to offer fixed rate loan terms to borrowers their customers provide a relatively large core of stable savings and time deposits with average interest costs well below current market rates. As result these banks have to be free to acquire long term assets at predetermined interest rates that are they can adopt aggressi ve loan portfolios. HO, T.S.Y in his article (1980) The determinants of bank interest margin showed that balance sheet hedging is a rational response to interest margin uncertainty which results from the interplay between volatile interest rates and asset and liability structural interrelationships. Their research attempts to find evidence of such asset/ liability hedging practices among U.S banks during a period of high and volatile interest rates and a downward sloping yield curve. If banks in aggregate tend to hedge interest sensitive funds with core funds, the banking industry would appear to be coping appropriately with interest rate risk. On the other hand, if there is a systematic tendency for many banks to combine fixed rate long term assets with volatile short term funds, the industry might be excessively exposed to interest rate risk. The issue of capital adequacy also concerned with the comparative maturity structure and duration of the two sides of the balance sheet. S.T. Maisel and R. Jacobson in his article Interest rate changes and commercial banks revenues and costs they showed that over the period 1962 to 1975 for the average bank, the threat of insolvency due to the instability of economic returns stemmed primarily from the mismatch of asset and liability durations. They concluded that unheeded interest rate risk might require additional equity capital. Other sources of risk, such as default risk, would dictate a positive relationship between the amount invested in riskier loans and securities and the amount of equity capital. Research was limited because data on the market values of asset and liability items are not available. Presumably, potential changes in cross balance sheet market values are transmitted to changes in the market value of the firm. There was a considerable literature addressing asset-l iability management in banks. One of the key motivators of asset-liability management worldwide was the Basel group. The Basel group Banking Supervision (2001) formulated broad supervisory standards and guidelines and recommended statements of best practice in banking supervision. The purpose of the committee was to encourage global convergence toward common approaches and standards. In particular, the Basel II norms (2004) were proposed as an international standard for the amount of capital that banks require setting to the side to protect against the types financial and operational risks they face. Basel II proposed setting up accurate risk and capital management necessities designed to make sure that a bank holds capital reserves suitable to the risk banks picture their self to throughout its lending and investment practice. In general, these regulations mean that the larger risk to which the bank is showing, the larger the amount of capital the bank requires to hold to defend it s solvency and whole economic strength. This would ultimately help to defend the international monetary system from the kind of problems that may take place should a major bank or a sequence of banks collapse. Gardner and Mills (1991) discussed the principles of asset-liability management as a part of banks strategic planning and as a response to the changing environment in prudential direction, e-commerce and new taxation treaties. Their text provided the foundation of subsequent discussion on asset-liability management. Haslem (1999) used canonical analysis and the interpretive structure of asset/liability management to identify and interpret the foreign and domestic balance sheet approach of large U.S. banks. Their study found that the least money-making very large banks have the biggest size of foreign loans, yet they give emphasis to domestic balance sheet (asset/liability) matching strategies. on the other hand, the most money-making very large banks have the smallest size of foreign loans, but, however, they emphasize foreign balance sheet matching strategies. Vaidyanathan (1999) discussed issues in asset-liability management and elaborates on various categories of risk that require to be managed in the Indian context. In the past Indian banks were primarily concerned about adhering to statutory liquidity ratio norms but in the changed situation, namely moving away from administered interest rate structure to market determined rates, it became important for banks to equip themselves with some of these techniques, in order to immunize them selves against interest rate risk. Vaidyanathan argued that the problem gets accentuated in the context of change in the main liability structure of the banks, namely the maturity period for term deposits. For instance, in 1986, nearly 50% of term deposits had a maturity period of more than five years and only 20%, less than two years for all commercial banks, while in 1992, only 17% of term deposits were more than five years whereas 38% were less than two years Vaidyanath. It was found that several banks had inadequate and inefficient management systems. Also argued that Indian banks were more exposed to international markets, especially with respect to forex transactions, so that asset liability management was essential, as it would enable the bank to maintain its exposure to foreign currency fluctuations given the level of risk it can handle. It was also found that an increasing proportion of investments by banks were being recorded on a market to market basis, thus being exposed to market risks. Is was also suggested that, as bank profitability focus has increased over the years, there is an increasing possibility that the risk arising out of exposure to interest rate volatility would be built into the capital adequacy norms specified by the regulatory authorities, thus in turn requiring efficient asset-liability management practices. Vaidya and Shahi (2001) studied asset-liability management in Indian banks. They suggested in particular that interest rate risk and liquidity ris k are two key inputs in business planning process of banks. Using firm-level data, an extensive accounting literature focuses on the contemporaneous correlation of stock returns and earnings. Despite the statistically reliable positive association between stock returns and earnings, Ball and Brown (1968), Beaver, Clarke, and Wright (1979), Beaver, Lambert, and Morse (1980), Easton and Harris (1991), Collins, Kothari, Shanken, and Sloan (1994), and others find that the explained fraction of stock return variation was significantly less than one (typically under 10 percent). Lev (1989) and others suggest that the relatively low explanatory power stems from earnings lack of timeliness and/or value-irrelevant noise in earnings. The idea that correlation between a cash-flow proxy and stock return may be due to any of the three components was not novel. Fama (1990), Schwert (1990), Kothari and Shanken (1992), Campbell and Ammer (1993), and others recognize that when stock returns are regressed on cash flow proxies, any of the three effects may be d riving the regression coefficients. They do not, however, clearly quantify the relative importance of these three effects. Thus, in the end, it is still unclear why cash-flow proxies are or are not related to stock returns. The fundamental subject of working capital is to provide optimal balance between each element forming working capital. Most of the efforts of finance directors in a firm are the efforts they make to carry the balance between current assets not at optimal level and responsibilities to an optimal level Lamberson (1995). One reason for this was the decisive influence of current assets on others, another reasons was liabilities of completion of present responsibilities. The combination of the elements forming working capital are change over time. Need for working capital manipulate liquidity stage and profitability of a company. As a result, it affects investment and financing decisions, too. Amount of current assets to be calculated at a level where total cost is of a least degree means an optimal working capital level. The optimal working capital point is case wherein balance between risk and effectiveness is provided.. The entire current assets hold by a firm known as working capital. Net working capital is calculated when short term obligations are took out from current assets. Return of total assets of a firm as a result of an activity is closely related to level and distribution of assets of the firm and efficiency in application of these assets. In lots of firms current assets called working capital make up of a remarkable part of community assets. (Note 1) But it is clear that working capital is ignored in finance journalism compare to long term financing decision. Corporate finance studies usually concentrate on core decisions like, dividend, capital structure and capital budgeting. Though, the sum of assets group is a important part of entire asset and called working capital (inventories, quasi money and money. short term liabilities and trade receivables) is a focus matter in all main books relating to corporate finance where efficiency level of distribution and application of assets influe nce profitability and risk level of the company. The major purpose of a company is to increase the market worth. Working capital management influence profitability of the company, its risk and thus its value Smith, (1980). Further, effective management of working capital is a key component of the broad strategy aim to increase the market rate (Westhead and Howorth (2003). Since the flexibility of this group of assets is very high in terms of adapting to changing conditions and due to these uniqueness they can frequently be applied to understand the major aim of financial management through policy changes. Success of a firm mainly depends on efficient management capability of finance director to manage receivables, inventories and liabilities (Filbeck and Krueger, 2005). Firms can strengthen their funding capabilities or decrease the source cost reducing source amount they allocate to current assets. In finance literature there is a common opinion about the importance of working capi tal management. Explanations about why effective capital management is important for a company usually concentrate on the association between effectiveness in working capital management and company profitability. Effective working capital management includes controlling and planning of present assets and liabilities in such a way it avoid extreme investments in current assets and prevents from working with few currents assets insufficient to fulfill the responsibilities. In relevant studies the measure taken as an indicator of efficiency in working capital management is generally cash conversion cycle. For firm cash conversion cycle is the period during which it is transited from money to good and again to money. In the studies conducted by Shin and Soenen (1998), Deloof (2003), Raheman and Nasr (2007) and Teruel and Solano (2007) it was concluded that there is a negative relationship between profitability of a firm and cash conversion cycle. Thus, it is possible to increase firm profitability through more effective working capital management. It is necessary to realize that major basics of cash conversion cycle (short term account receivables, short term trade liabilities and inventories) should be managed in a way they maximize firm profitability. An efficient working capital management will increase free cash flows to the firm and growth opportunities and returns of stockholders. Working capital level of a firm indicates that it wants to take a risk. The more working capital amounts, the liquidity risk and profitability become lower. The working capital strategies of firms differ according to the segments and within each segment it varies over time Filbeck and Krueger (2005). Ganesan (2007), put forward that the firms in less competitive sectors focus on cash conversion minimizing receivables, while the firms in more competitive sectors have a relatively higher level of receivables. Lazaridis and Tryfonidis (2005) stated that small firms focus on inventory management, the firms with low profitability on credit management. Statements in literature of finance about the significance of working capital for companies are being once further emphasized in these unstable days of international economy. While firms make efforts to increase return on assets in a way they pay their due obligations as late as possible and keep the cash, decreases in activ