Effect of Economic Crisis Towards Politics in Malaysia

We have discussed the impact of economic crisis towards economy and social. But there are other consequences due to this subject. One of them is political. Malaysia is practicing the democratic system which all eligible citizens have an equal say in the decisions that affect their lives. Democracy allows people to participate equally either directly or through elected representatives in the proposal, development, and creation of  laws (Roberts, H. Cox. 2012) However, the economic crisis could lead to the destructible of the stable political status in the country.Malaysia now days have lists of political parties that have the same aim which is to rule Malaysia. On the other hand, economic crisis is one of the crimp to these political parties to rule the country or even to the dominant political party such as UMNO. When the Asian financial crisis 1997 hit Malaysia, the impact was traumatic. There was economic and political turmoil. The stock market, the currency and the property mark et nearly collapsed. That in turn affected the overall economy.UMNO, the dominant political party in the ruling alliance, experienced political turbulence when its charismatic deputy president, Anwar Ibrahim, was expelled from the party when he disagreed with the then president, Mahathir Mohamad, over, among other things, Mahathir’s rejection of loans from the International Monetary Fund (IMF). Yet, Malaysia was not that badly affected as compared to some of its neighbors. It did not experience the extent of the socio-political distress as occurred in Indonesia where the rioting that broke out ultimately led to the overthrow of Suharto.Nor was its economic sovereignty that deeply compromised as happened in Indonesia and Thailand when both countries were forced to accept the conditions imposed by the IMF for the acceptance of their loans. Besides, there is a major consideration of questions is the view purported by some quarters that Dr. Mahathir has â€Å"overstayed† h is tenure and that heir apparent Anwar would have been the right successor of a more liberal Malaysia. The questions being around at that time is does it true that Anwar rejection is the consequences of he brings the economic down term in Malaysia and idea in conserving loan from IMF or because Dr.Mahathir is feeling discomfort or unsecure due to the trusts and confident level of the people is falling down? This questions has delivered main elements of events of the recent two years is that possibly what transpired between Mahathir and Anwar climaxed as a second â€Å"battle royale† in Malaysia’s political history. There is more than a hint that underneath it all was a political contestation fought with intense intrigue and complexity; one reflection observes that the â€Å"Anwar group† (some call it the Anwaristas, as opposed to the â€Å"Mahathirists†) had indeed been conspiring to take the mantle of power by contrived means.Accordingly, it was a  "plot† exposed in time by Dr. Mahathir’s forces. But yet, to suggest a real political division between â€Å"Mahathirists† and â€Å"Anwaristas† in the Malaysian political scenario is too neat an explanation of reality, and certainly these inchoate groupings are not mutually exclusive. As may be expected, there are also the â€Å"fence-sitters†. As we noticed, Anwar expels is due to the economic crisis. But if we storming deeper, the existence of opposition of the ruling parties in Malaysia (Barisan Rakyat), namely Parti Keadilan Rakyat.Parti Keadilan Rakyat is formed in 2003 by a merger of the  National Justice Party  and the older  Malaysian People's Party. Keadilan was led by Dr  Wan Azizah Wan Ismail ( Anwar’s wife)  and increased its parliamentary representation from 1 seat to 31 seats in the  Malaysian general election, 2008  until the five-year political ban imposed on former Deputy Prime Minister  Anwar Ibrahim  was lifted on 14 April 2008. Here we can see the existence of one more political party in Malaysia due to economic crisis. Anwar Ibrahim has been expels from the party and he form another party through his wife in the period of he was arrested in jail.Through this brings up another question to Malaysian. Whether Parti Keadilan Rakyat is really stand up on representing the public fate and rights? Or else, is just because of Anwar’s agenda to be the Prime Minister is failed because he was expelled from being Deputy Prime Minister by Dr. Mahathir Mohamad. Then he forms up his own political party? No matter what the question is, we can see that the existence of Parti Keadilan Rakyat giving a huge impact on the political environment in Malaysia. Large portion of society putting their trusts on Keadilan Rakyat and this is the warning and a big challenge to the government Malaysia in uling the country very well. The Malaysia government, Barisan Nasional is doing their best to society be cause they believe that Keadilan Rakyat have their own strength and ability in overcoming the government. In conclusion, economic crisis brings up too many negative impacts towards our politics in Malaysia such as expellation of Anwar Ibrahim, unstable of ruling political party Barisan Nasional, the disunity of public trusts in ruling political party due to lost in trust of the leader on that time.However, the existence of main opposition party Parti Keadilan Rakyat brings a very great impact to government on how they rule the country due to the possibility and ability of Parti Keadilan Rakyat to gain the public trusts. Thus, economic down term really brings a negative impact toward Malaysia in short run, but however the subject brings a cause of positive impact toward Malaysia political environment in long term.

Cool Runnings Essay

In the film ‘Cool Runnings’ directed by Job Turteltaub had taught me many valuable lessons for future life. Also a character had stood out for me whom is known as Derice, which had taught me even more. He has taught me about commitment, determination and also leadership and this is how it has compacted for myself. To begin with, Derice showed me that commitment could take me to the ultimate limit. Turteltaub used techniques such as close-ups on Derice’s running shoes and his face. Meanwhile, as Derice is getting ready and focussing on his position, the setting is a beautiful tropical island and an amazing ocean view, which tells me that he must be a local that lives in the beautiful island. Turteltaub also showed when Derice’s passion and commitment had impacted on his image it had stood out quite clearly, even though his gears were tiny rocks and a toilet paper roll in the beginning. Doesn’t mean it could be consistent throughout his life. One day he could become an Olympic Champion which supports the Olympic Value – pursuit of excellence and fair play. It’s important for teens like myself to learn these valuable lessons because starting a career, dream or passion now could have a huge impact on what it’s going to be like in the future. Lots of us teens are going through rejections and low self-esteem so by following my dreams is what I’m going to be heading for. Secondly, Turteltaub had showed me about determination. He also used techniques such as close-up of Derice’s face and Irving Blitzer (legendary Bobsled double gold medallist) as Derice was trying to pursue Irv to be the first time Jamaican Bobsled coach. But Irv has been consistently rejecting his offer. Turteltaub has shown how Derice had felt afterwards, after facing his loss in the qualifying round for track racing. He was determined to find a way to get back into the Olympics. This emphasises that giving up your dream is an easy thing to do, because that is like a short cut for being negative, but by committing and being determined harder, at least you’re going somewhere, which follows the Olympic value – pursuit of excellence. It’s important to learn these valuable lessons because as a teen myself, I’ve been doubted in many different ways throughout my life, but because I’ve been determined to make a change and prove them wrong, that was exactly what I’ve done because I have been true to myself and standing against negativity. Thirdly, Turteltaub taught me about leadership. He showed this when Derice (close-up shot) had to lead by example when his whole boblsled team crashed.

Necessity of Nursing

The Necessity of Nursing Assistants to Improve the Quality of Patient Care Introduction The quality of care received by patients is of fundamental importance to healthcare organizations. A well-documented happening that has Impacted health care settings across the world Is the nursing shortage (Tasks. 2003). Due to the current nursing shortage, it is often difficult for nurses to provide all the care patients need. According to Quality (2005), by reason of this shortage of Registered Nurse (RAN) staff, there are many less-complex tasks that Urns can delegate to Nursing Assistants (NAs).This allows Urns to concentrate on more complex nursing tasks. Improving the patients' overall quality of care. Nursing Assistants fulfill an important role in today's health care industry. Problem Analysis The Nurse Executive of a 125-bed health care facility believes that the facility needs more NAs to improve patient care. This belief was brought on by Physical Therapists noting that many patients a re not ambulating or sitting up as often as they should. Nursing Assistants are fundamental to the daily routine in all healthcare facilities, and therefore an Increase in their numbers would lad In solving this dilemma Quality, 2005).According to the American Nurses Association, delegation of tasks must be based on the state's nurse practice act, as well as the individual skills of the person that the task is being delegated. The current situation of needing additional caregivers to lad In patients ambulating and sitting up would be an optimal opportunity to employ NAs to assist with this less complex task (Quality, 2005). Additionally, because Medicare and Medicaid payments are declining, employing NAs to assist patients is a cost-effective way to provide quality care.There is a significant cost savings in employing NAs, rather than hiring additional Urns, or Physical Therapists. The average Nurse Assistant salary ranges from $21 ,620 to $24,260, while Urns and Physical Therapists salary ranges from $49,600 to $59,521 (Quality, 2005). Higher acuity and rehabilitative needs of patients, along with increased life expectancy and the amount of people older that 65, establishes an obvious demand for NAs. This demand will only Increase as the baby boomers reach the age of 65 (Pennington, Congo. ; Magical, 2007).According to Whittle, Robinson, Henderson, ; Anderson (2005), elders are prone to experience an overall national decline in activities of daily living. The current problem being a need for additional staff to assist with patients requiring ambulation and sitting up must be addressed. Inability to provide quality care results in increased length of stay. As well as increased discharges to nursing homes (Whittle, et al. , 2005) When adequately trained, educated, and appropriately supervised, lower paid, non-professional staff tofu can greatly relieve the burden on Physical Therapists and Urns.This allows Urns and Physical Therapists to adequately provide pati ent care requiring their professional bevel of skill and education (Tasks, 2003). As a consequence of this current situation an efficient and effective plan must be brought into action. Strategies A possible strategy to immediately manage this current patient care situation on an interim basis until a permanent plan can be implemented would be to redistribute the workload of the NAs currently working. Currently the average AN spends most of their time changing linens and bathing.Giving approximately eight to ten baths and changing linens each day leaves little time for assisting patient with activities of daily living, specifically sitting up and ambulating. This writer suggests giving patients a bath and changing linens every other day, unless soiled. Partial baths are to be given on the off days. All patients will receive daily face, hand, and perinea care; male patients will be shaved daily (Whittle, et al. , 2005). The hospital patient advocate can develop a patient information flyer to be provided to all patients describing the new practices and purpose for them.The NAs would assist patients with sitting three times daily, preferable at meal times. Not only does this simulate a routine, it facilitates the digestive process and decreases the risk of aspiration. Additionally, NAs will ambulate patients according to the recommendations of the Physical Therapist and document the distance of ambulation; working with patients daily to increase this distance over the course of their hospital stay. Whittle et al. (2005), performed research on elders similar to the suggestion of the writer.Their research found that the presence of having NAs available to assist with sitting up and ambulating patients would be highly supported by Physical Therapists and Urns. Additionally, they received no complaints from patients about the decreased frequency of bathing. Possible positive patient outcomes are decreased length of stay and fewer discharges to nursing homes. Moreover , their research revealed that AN turnover decreased from 175% in 2000 to in 2004 (Whittle, et al. , 2005).A potential strategy of increasing the amount of NAs on a long-term scale is to implement measures to develop the skills of the non-professional staff. Investing the time and cost to educate and develop the internal resources of the facility will increase the capabilities of the AN. Additionally, employees are likely to experience higher levels of Job satisfaction. Healthcare organizations often have untapped sources of non-professional employees that would appreciate the opportunity to invest in their personal growth and education by enrolling in a facility provided training program.Increasing the level of NAs staffed and providing the quality of care all patients deserve will improve the overall morale of the facility. Further, patients will have a perception of increased quality of their hospital experience (Tasks, 2003). Budget Proposal Increasing the AN staffing is necessa ry for this facility. By increasing AN staff rather than Urns or Physical Therapists, it offers a dramatic savings to the facility. The alarm of a AN ranges from $21,620 to $24,260. The salary of Urns and Physical Therapists ranges from $49,600 to $59,521. This offers the facility a savings of $27,980 to $35,261.Basically this facility could hire two, possible three, NAs for the amount of one RAN, or Physical Therapists (Pennington, Congo, ; Magical, 2007). Due to the decrease of Medicare and Medicaid payments and allotted days of OSP tall stay; employing NAs could assist in more efficient recovery to patients Shortening the length of patient stays will decrease the usage of resources, therefore offering additional cost savings (Whittle, et al. 2005). For example, if a Medicare patient stays longer than the allotted time of the DRAG code, the facility is responsible for those costs (H.Mills, personal communication, November 10, 2008). For this reason, it is important to ensure that patients are discharged within their recommended hospital stay allowance, while still providing optimal care. Implementation of a facility training program would require a great amount of planning and effort. The hospital education department could use their resources to train the staff interested in assisting with the program. Additionally, once the AN students received this training they could be mentored by skilled and educated NAs during a four week proprietorship.Allowing nurse assistant students to train offers additional help to the patients as well as cost savings to the facility. If the starting salary of a AN is $21 ,620, over the course of a four week proprietorship, one student, training 20 hours each week, offers the facility cost savings of approximately $831. 54. By using the resources already within the facility, there is no additional cost. The only cost to the facility would be that of books for the students and supplies for the training. The cost of 15 Nursing Ass istant books at $41. 95 would be $629. 25 (M.Richards, personal communication, November 5, 2008). These books could be signed out to the students and returned at the end of their class. The average cost of supplies used for training is $125. 00 (P. Step, personal communication, November 5, 2008). This cost could be a fee required for students to pay to be in the training program. Other than the cost of books this training program would not cost the facility an extreme amount of money and would greatly benefit the overall care received by patients, which should be the focus of all health care organizations.

Identify and discuss the influence of sustainable development on Essay

Identify and discuss the influence of sustainable development on public health - Essay Example Next, it highlights the positive impact that sustainable health has on public health and how sustainable social, economic and environmental development can help in improving public health in a stable manner. Development is integral to the modern world, but if the development is not sustainable, it is possible that the entire balance of the system may go awry. Hence, it is necessary to ensure that development is sustainable. While most discussions related to sustainable development focus on how it effects the environment and society, it is also necessary to understand that it has an impact on public health. Rio Declaration of 1992 on Environment Development by the United Nations states that as human beings are in the center of all issues related to sustainable development, it is necessary that they remain healthy and in tandem with nature (United Nations, 1992). Therefore, public health is a critical feature of any sustainable development policy. Health and well-being are the pivots around which economical, socio-political and environmental stability centers around, as shown in the figure below (Price and Dube, 1997). 3. Unsustainable environmental development can lead to degradation of the natural environment because of spread of toxic residues from wastes, climate change and depletion of natural resources. Some examples include Climate change can result in floods, water related diseases, change in temperature patterns and loss of fertile land/natural harbors. Health wise, it can lead to skin cancer, higher concentration of toxic elements in the air, leading to respiratory diseases and skin diseases (Griffiths and Stewart, 2007) 4. Unsustainable economic development will result in unequal distribution of the resources - with some segments of the society getting all the benefits, where as with some others struggling for the resources. It can also result in overconsumption and

DO MUTUAL FUNDS DELIVER ALPHA Dissertation Example | Topics and Well Written Essays - 2500 words

DO MUTUAL FUNDS DELIVER ALPHA - Dissertation Example Market selection is when the manager is able to select among the assets traded in the market the lowly priced asset and sell it at a higher price in the future due to its rise in returns. Market timing funds in most cases moves towards highly concentrated industry, fund which are large and align to small-cap stocks. The decisions that some managers do make sometime do outperform the market while at times they underperform. This has raised the debate whether the manager’s performance is guided by luck or skill in the manner under which they arrive at decision making. This paper undertakes to investigate how a number of mutual funds analyses have faired in their performance in the past years from a given data of selected fund firms. Finance literature has two contrasting strands on how optimal asset allocation is arrived at. On one hand, the argument has being that aggregate returns on the stock market are predictable and thus, investors are able to reach at optimal asset alloca tion based on the predictability strand. In contrast, argument has being that there is minimal evidence that investors utilize the predictability of aggregate stock market returns in their asset allocation. Investors in the past have being interested in funds that have large annual returns like the case of Fidelity Magellan mutual fund which outperformed S&P 500 index for 13 years in its 11 indexes from 1977 to 1989 under the stewardship of Peter Lynch. However, a number of funds making outstanding profits have being collapsing and investors are in the present days interested in other dynamics of fund performance. The problem has being the difficulty an investor faces in choosing the right manager to out perform the market and maintain. This paper undertakes a research that focuses on performance of some mutual funds by market timing and security selection. Market timing means that the manager has the ability to predict price changes of securities and thus, they invest or withdraw f unds in a timely manner from an investment. Security selection on the hand means that the manager has the ability to identify and select lowly priced securities that will provide returns in the future. 2. Literature Review Literature that has dwelled on evaluating performance of mutual funds has being very successful in the foundation of modern days theory on portfolio and how assets are valued (Guerard, 2009). The investors understanding on how to compile a portfolio by taking care of risk and returns has being contributed by Markowitz (1959) and Sharpe (1964). An investor will select a portfolio currently that is able to produce returns later. Sharpe (1964) in analyzing 34 open-ended mutual funds found out that the capital market efficiency is usually high. Also, managers are more interested in evaluating risk and engaging in diversification instead of evaluating on mispriced securities. According to Sharpe (1964), an investor is able to achieve any return on assets along the capi tal market line if he/she undertakes primary diversification at equilibrium because capital asset will have adjusted. This is because investors avoids risks in selecting among portfolios and are only concerned by mean and variance of their investment. The expected return can be maximized by undertaking additional risk on the holdings. Thus, in the market there will be two prices of interest rate and the risk price and for additional return per unit is as a result of

Islam vs. Christianity Essay Example | Topics and Well Written Essays - 750 words

Islam vs. Christianity - Essay Example Nonetheless, this essay will address the comparison between Islam and Christianity from the historical perspective, as well as how the significance of these religions in society, especially with regard to the influence these might have on rulers in society. The rise of Christianity can be traced from the early Byzantine and Justinian Empires. Emperor Justinian I championed the Christian culture, which is evident in various levels of the Byzantine culture. Justinian is heralded for shaping church policies. He therefore, got rid of the former religious practices, including the practice of paganism. For instance, Justinian declared an expulsion for pagan teachers for the academy of Athens (The Metropolitan Museum of Art web). Overall, it is during the early Benzatium that Christianity spread, and replaced the gods of antiquity. On the other hand, the spread of Islamic religion can be traced to the Abbasid dynasty. The Abbasid dynasty is highly associated with the rise of civilization. T his later spread to other parts of the empire. In addition to various aspects of civilization in this dynasty, there was progress in science and this led to the development of Islamic sciences, which fell under the category of religious sciences. Nonetheless, this comprised branches such as Hadith, Fiqh, and Tafsir. The dominant religion in Abbasid dynasty was, therefore, Islam. However, there was religious tolerance in the dynasty. There is a relationship between religion and power, especially, when focus is on the past civilizations. The rulers in past societies drew considerably on religion to rule their subjects (Brisch Web). An example of this is the aspect of divine kingship in Mesopotamia. Basing the notion of religion, Naram-Sin of Akkad, who was the first ruler of Mesopotamia, declared himself a divine king. This aspect is also called self-deification. Other rulers that took up self-deification include Shulgi (2095–2049 BCE) of the Third Dynasty of Urm, Rim-Sin of La rsa (1822–1763 BCE) and Hammurabi of Babylon (1792–1750 BCE) (Brisch Web). Nonetheless, in self-deification, the kings compared themselves gods, who needed to be worshipped, like the one divine God. Nonetheless, a major reason for this was to prove that they were powerful, and to expand their area influence, as well as legitimize their powers. Rulers in some of the past civilizations also used religion to guide people. Nonetheless, the laws of some civilizations in the past were drawn from religion. However, the relationship between law and religion is changing throughout history (Barzilai Web). The use of natural law in past societies can be closely associated with religion. Nonetheless, among the Israelites, the Mosaic Law, including the Ten Commandments was used. These were considered as laws from God himself. In the epic of Gilgamesh, the rulers had a different perception of the gods. Mainly, the rulers feared and revered the gods, as they considered the gods dange rous. Therefore, in this case, self-deification as in the case of Mesopotamia was impossible, as the gods would possibly destroy any ruler that would attempt this (Carnahan Web). In addition, the gods in the epic of Gilgamesh were considered dangerous for humans. For instance, unlike in the Mosaic Law and Abrahamic covenant, the gods in the

TRENDS IN CONTEMPORARY SOCIETY Essay Example | Topics and Well Written Essays - 1000 words

TRENDS IN CONTEMPORARY SOCIETY - Essay Example the new appearing forms of families resulting from both demographic and structural changes occurring in the world, it is still very important to categorize it for analytical purposes. According to Rappaport and Rapaport (1982), there are five types of family diversity which are very important in understanding how family diversity takes shape in real life: It results from the different access to economic and material resources that the families may posses. Social class diversity gives rise to rich and poor families in the society and is very vital in the modern world. This is because it considerable implications on the well being of the members of the family. For example, the ability of a child to access educational opportunities is greatly determined or influenced by the social class and economic well being of the family. Children from poor or underprivileged families may not have good life as compared to those from well-t-do families. It refers to the different types of family organization which develop different realities for its members. Compare for instance single parent families (where children live with only one parent) with reconstituted families (which are as a result of divorce and remarriage) with dual career families (where both parents work outside the home). Merely all families go through various stages of development and families which are in their early stages of development are quite different from those in their late stages of development. The stages of families in the life cycle lead to different experiences of family life for each individual member of the family. It results from the difference in cultural preferences and arrangements that exist around the world. In the UK the nuclear families are the typical family arrangements with children and their parents staying or living differently and independently with considerable autonomy from their kin. In china, the family arrangement is the stem family where two or more generations live

BUS 207 Essay Example | Topics and Well Written Essays - 500 words

BUS 207 - Essay Example ision making process is hugely helpful in recognizing the need for making decision and selecting the best course of action for achieving desired goals (Jones & George, 2010). The decision process involves: recognize the need for decisions; generating alternatives; assess alternatives; choose among alternatives; implement chose alternative; and learn from feedback. I have found these steps of making decisions very useful both at my workplace and in my personal life. Recently at my workplace, management was having problems with its field staff. The people at the field could not provide satisfactory services to the customers because of lack of coordination with the warehouse and the office. Getting information about the availability of spare parts for servicing the products at the customers’ place was delaying the work. As a sales and marketing manager, I called a meeting to resolve the issue. Decisions had to be made for improving the services and marketing. We looked at different options of communication devices that would be cost effective and at the same time, highly efficient and which could provide constant and fast communication across different departments like inventory, administration, sales etc. From the various alternatives, we decided to provide the field workers with smart phones that could be connected to the warehouses to find out the availability of required accessory that might be needed at the service location. The smart phones were thought to be the best option as they would greatly facilitate online connectivity with the various departments including experts who could advise field staff when they come across difficult situation. Implementation of the decisions made was immediately started. It took two months to get the approval from the management committee and buy the necessary things like phone and getting internet installed etc. Once the initial training of field staff in using the smartphones was completed, we all awaited eagerly for the

Over Recent Decades, Developments in Company Law and Financial Assignment

Over Recent Decades, Developments in Company Law and Financial Reporting Standards Have Impacted Significantly on the Reporting - Assignment Example This paper focuses on the requirements of U.K. companies for representing financial statement while maintaining some accounting standards and company laws as well as the comparison of financial reporting standards of U.K with that of USA. The current requirements for the reporting of the financial performance of companies in the U.K. In June 2002 the European Union adopted the International Accounting Standards (IAS). For this reason the listed companies in European Union (EU) security market including banks and insurance companies have to prepare their financial statements in accordance with International Financing Reporting Standards. United Kingdom is one the members of EU. For that the U.K. companies have been following the rules and regulation of IFRS since 2005 (Delloitte, 2012). Under the U.K. Companies Act 2006, the directors of the company have to prepare financial statement according to the International Financial Reporting Standard (IFRS). Under this company law the direct ors have to approve their financial statement by considering that, the statements give the exact and original value (Harthorn & King, 2011, p.70). Director’s report should include the analysis using the key performance indicators and these things indicate the information’s of environmental and employee matters (Elwin & Hirst, 2006, p. 2). There are various operating and regulatory bodies like Financial Reporting Council, Accounting Standard Board, Auditing Practice Board, Accounting and Actuarial Discipline Board. These are involved in setting up the requirements for financial reporting of a company. Financial reporting exposure draft (a document released by Financial Accounting Standard Board) indicates the presentation of information about the company’s financial performance in both the primary statement and supporting notes. It was a proposal, issued in the year of 1992. When the new proposal implemented, it has changed some existing requirements of financial reporting for the companies of U.K. The proposal was made for the advancement of financial reporting standards in some below mentioned field (Accounting Standard Board, 2000, pp. 3-7). 1. The profit and loss account and the total gain & loss statement are combined to form a single financial indicator. 2. The above mentioned statement will indicate all the gains and losses during the time period in which the statement was made. 3. The company should divide the statement in to three parts a. Operating b. financing and treasury c. Other gains and losses 4. While preparing the performance statement for a particular period the amount of dividend paid to the share holders does not get included in that. (Accounting Standard Board, 2000, pp. 11-12) 5. Balance sheets, income statements, retain earning statements and cash flow statements are the four types of primary statement. Primary statement should consider the ownership interest (Primary Financial Statement). Financial Reporting Exposur e Draft (FRED) proposes that Earning Per Share (EPS), dividends for a particular period should be mentioned as a memorandum items. These items are shown in the balance sheet but these things are not added in the final total. A letter note including reserves note and note of gains and losses in past days are made optional for the companies

HR services Essay Example | Topics and Well Written Essays - 1000 words

HR services - Essay Example While there are a great variety of users of human resource services (HR services) within an organization, this essay will identify three key users, identify two key needs for each user, and explain how they can be prioritized One use of the human resource department is through the hiring and firing of employees. In these regards, all aspects of the organization rely on the human resource department to ensure that employees are screened properly and when there are significant disciplinary problems that they be released. In some regards, the human resource department can confronted with conflicting needs in this category; in these regards, it’s necessary for the department to attend to an urgent need, but in most instances handle these issues in the order they occurred. Another user of human resources is upper level management, through employee record keeping; within this service the primary needs are for the use of employee records, while keeping the records confidential from m embers of the organization that are not privy to them. In these regards, it’s necessary for HR services to keep stringent record keeping, but also to remain highly cognizant of which organizational members are privy to the specific recorded content. Other users of HR services within an organization are entry-level employees. These employees use HR services for both training programs and compensation and benefit management. In some regards, there may be a conflict of interest here, as the same individuals responsible for training the department are responsible for determining compensation bonuses. In these regards, it’s necessary to have an outside department, generally management, conduct reports that will factor into employee progress reports and ultimately bonuses. 2. Identify at least 3 methods of communication appropriate to employees at different levels ? Among the different methods of communication appropriate for employees at different levels, this essay will co nsider three main types (‘Workplace Communication’). The first type of communication is verbal communication. Verbal communication represents the most direct and perhaps effective form of communication. The drawback of verbal communication is that it does not leave a record of the conversation that took place, nor is it always possible for upper level management to verbally address all the concerns of entry level, or low-level employees. In these regards, another level of communication that is effective is written communication. Written communication functions to produce a clear and understandable message in a context that allows for the individuals implementing this communication process to ensure there is a record of their communication. In these regards, written communication is important in matters wherein the individual receiving the message is of high importance. It’s also effective when the message is complex and it would be useful to be able to review the message. The final type of communication that is considered is visual communication. Generally visually communication is implemented through presentations from upper level to lower level employees, but it can also be implemented in presentations that speak to upper level organizational members, as a means of informing them of status updates, or proposing potential changes. Ultimately, visual communication is most effective for speaking to larger audiences, or in terms of explicating difficult to comprehend material through chart forms; finally it can demonstrate business prototypes or models highly effectively that couldn’t otherwise be articulated through verbal or written communication methods. 3. Describes the key components of effective service delivery including: ? Service delivery has taken on a variety of contextual meanings, making clear and precise definition of the various aspects of the

Oprah Winfrey Essay Example for Free

Oprah Winfrey Essay I. Oprah Winfrey is giving, a role model and very successful person I ever seen. Oprah Winfrey revolutionized the talk show market with her unique and natural style and rose to become the host of the most watched daytime show on television, which boasts 22 million viewers daily (three-fourths of whom are women). She is the first African American to own her own TV studio. The multitalented Winfrey is also a billionaire businesswoman, a talented actress, owner of a movie production company, and committed philanthropist II. Oprah Winfrey Contributions to Society is enormous. Oprah’s private charity ‘The Oprah Winfrey Foundation’ has given thousands of grants to organizations who support education to children, empowerment of women, helping families in America and across the globe. She has donated millions of dollars for providing better education to children’s who have merits, but lack in means. The Oprah Winfrey’s Scholarship Programmed gives scholarships to students who will educate themselves and give back to their community. Her Christmas Kindness South Africa 2002 which is an extension of her pet Foundation visits orphanages and rural schools in South Africa and more than 50000 kids receive gifts in the form of toys, books, food, athletic shoes and clothing. Along with Nelson Mandela, in Dec 2000 she pledged to build a school in South Africa. Her Oprah Winfrey Leadership Academy for Girls in South Africa contributed more than $40 million towards girl’s education in Jan 2007.The vision of the Academy is to develop future women leaders of South Africa. Oprah Winfrey Contributions to Society helps to support women’s shelter, helps establish schools and scholarships, builds youth centers and homes for the poor and the needy, thus bringing in change for the future and changing the world for betterment. Because she has dedicated her whole life to improving other peoples lives, she gives her best selflessly and doesn’t expect anything in return when she does a good cause. And even though she has had a tough childhood she still treats everyone with love and care. Unlike others who could hate everyone because of the terrible things that have happened in the past. She teaches us to pick ourselves up through hard times and to forgive but most of all she teaches us to believe, to believe in ourselves and in our d reams. That is why she is now so successful and such an influential woman and a positive role model. III. In 1977, the station switched her from her news anchor job to co-hosting a morning talk show called â€Å"Baltimore Is Talking. After her first day on the job, she said: This is what I was born to do. This is like breathing. In 1984, Winfrey moved to Chicago to take over a dull morning show called A.M. Chicago that always got the worst ratings in its time slots. Her first move was to change the shows topics from lightweight womens topics† like cooking and makeup to more topical and controversial subjects. This had been Donahues successful strategy and it worked for Winfrey, too. Within one month she was even with Donahue in the ratings; by three months she was ahead of him and the show had been renamed The Oprah Winfrey Show.

Hamlet’s Values Prevail Essay Example for Free

Hamlet’s Values Prevail Essay Mark Twain once stated, â€Å"It is curious curious that physical courage should be so common in the world, and moral courage so rare.† The zealous struggles between internal and external gratification and somatic and ethical honour have incontrovertibly led to man’s continual battle for integrity – pride versus ethics. Religious teachings impart that one show respect to all and utilize the power of oration to convey ideologies; yet religious crusades have instigated the bloodiest and most deadly battles in human history. Man’s universal and timeless question asks whether it is ethical to defend one’s honour through brutality or if the use of language and moral lessons are sufficient to deliver the message. Analogously, William Shakespeare’s The Tragedy of Hamlet bequeaths enlightenment to its audience of the universal beauties and faults of mankind on the comprehensive debate of integrity. The tragic hero, Prince Hamlet of Denmark, vies to comprehend his uncomfortably altered environment, while he relentlessly endeavors to seek morality, logic, and reason in a world where corruption and greed autonomously dictate action. His mother’s precipitous remarriage, the tormenting death of his father, and the forsakenness Hamlet feels from those he held close lead him to render epiphanic cognizance. Shakespeare’s use of soliloquys bestows unto the audience a voyeuristic view into Hamlet’s personal meditations, highlighting Hamlet’s introspective state. Though his vulnerability and pathos at times render him ineffectual and indecisive, it is purely reflective of his humanity and that is what entices him to the audience. Hamlet is in an internal battle with the imperfections of the world around him. In the hypocritical nation of Denmark, Hamlet is thrust into witnessing indecencies, both externally and in his own home; thus Hamlet’s lack of action is conjured not by feebleness of character. It is the moral contradictions and duplicity in the world before him that hinder his actions; he operates therefore with ethics, prudence, and wisdom. Heroic valor sets Hamlet apart from the supplementary nobility in Denmark. After the enigmatic death of the erstwhile King Hamlet Senior, goes unquestioned, Hamlet’s morals compel him to seek answers. Before Hamlet can pursue the truth he must however come to terms with his mother Gertrude’s remarriage to his father’s brother, Claudius. Disappointment in his mother and grief for his father, lead Hamlet to his first soliloquy, wherein he describes the consequences of suicide and his mother’s immorality. Even in his melancholia Hamlet understand the magnitudes of â€Å"self-slaughter,† as â€Å"the Everl asting [has] fixed / his canon ‘gainst† it (1.2.135-136). His ability to look past the superficial transient benefits of iniquitous actions helps Hamlet to stay firm in his beliefs throughout his journey. Though dismayed as to how â€Å"rotten in the state of Denmark† it is, Hamlet expresses his emotions by reacting to his surroundings in a gallant manner (1.4.90). Upon meeting the ghost of the late King, Hamlet is incensed by the horrific crime his â€Å"uncle-father† has committed (2.2.399). However, Hamlet does not immediately take the words of the ghost as factual; in his second soliloquy he concludes â€Å"the spirit that [he has] seen / may be a devil† and that he cannot trust him without evidence (2.2.627-628). Hamlet decides â€Å"the play’s the thing / wherein [he will] catch the conscience of the king† (2.2.633-634). Hamlet realizes the depravity of slaughtering a man based on the conjecture that he is a murderer. He refuses to place such marginal worth on an individual life as to take it without knowing the truth. In the most famous soliloquy of all the Shakespearean plays, Hamlet debates the value of life and the consequences of death; Hamlet asks â€Å"to be or not to be† (3.1.64). Realizing that death is a misleading and temporary fix, as one knows not of what lies hereafter – possibilities of eternal suffering from â€Å"the pangs of despised love† and life’s unanswered questions – Hamlet concludes â€Å"conscience does make cowards of us all† and with over analysis action is lost (3.1.74-96). Though the ghost’s words attest to be true as the players reenact the murder of the late King Hamlet in The Mousetrap, Hamlet waits to execute his plan. Morality often stifles one’s acceptance and trust in others. As his family has forsaken him, his childhood friends Rosencrantz and Guildenstern comply with the will of the king to remove him, and those living within the walls of Elsinore Castle perceive him to be insane, Hamlet has but one true confidant – Horatio. Hamlet’s most enlightening epiphanic moment comes as he prepares for the match against Laertes; he finally untangles the webs of deceit which have been clouding his moral judgment. He responds to Horatio’s worry for the battle’s conclusion by telling him, â€Å"not a whit, we defy augury † he further explains, man does not control fate; if it is meant to happen, it will (5.2.231-238). Hamlet has hitherto looked at life like a slow moving game of chess, evaluating each move he makes by weighing the consequences of the subsequent moves; he now understands he must leave his fate in the hands of providence. Hamlet’s dawdling journey comes to a rapid close in the final act of the play. During the match against Laertes Hamlet is made witness first hand to his â€Å"uncle-father’s† crimes; Claudius accidentally murders both Gertrude, with the wine he had poisoned for Hamlet, and Laertes, by the poisoned sword intended for Hamlet. Hamlet no longer stands idly by whilst the injustices of Claudius tear his country down. Though he too is poisoned by Laertes’ blade, Hamlet fights for the justice of Denmark and slays Claudius once and for all. The tragic resolution leaves a bloodstained Denmark distraught and uncertain, yet the heroic legacy of Hamlet’s valor and morality live on. Horatio recounts Hamlet’s tragic tale as Fortinbras of Norway captures Denmark. Hamlet is buried â€Å"like a soldier to a stage, / for he was likely, had he been put on, / to have proved the most royal† (5.2.442-444). Though Hamlet never wishes to be king, his pure humanity and strong morals prove to manifest his capabilities, even after death. It is integral for any actor playing the role of Hamlet to be well versed in the characteristics of his Hamlet predecessors, and to embrace their qualities while learning from their frailties. Whether on stage or on film, Hamlet is one of the most challenging roles for any actor to play. Two contemporary silver screen adaptations of Hamlet by Kenneth Branagh and Franco Zeffirelli portray the young Prince as a grieving individual vying to keep his virtue as corruption ensues. Branagh presents Hamlet’s famous â€Å"To be or not to be† soliloquy as the cinematic essence of the unraveling of Hamlet’s layers. Hamlet questions the meaning of right and wrong, while searching for his own purpose within the mirrors. Unfortunately for Hamlet, the mirrors neither hold truths nor divulge answers, thus he is left feeling a forsaken sense of betrayal. Branagh’s acting and directing are impressive in this scene, his emotions depict Hamlet’s internal conflict; he attempts to keep hold of his morals in a world void of any such ethics. Zeffirelli’s interpretation of Hamlet’s renowned â€Å"To be or not to be† soliloquy captures a darke r side the tragic hero. Though Mel Gibson’s superb acting highlights Hamlet’s emotional conflict of where he morally stands, the distrait directorial choice to locate the scene in the family crypt conveys too nefarious a mood and is confusing to the audience. Zeffirelli’s redemption comes in a glorious form his interpretation of Hamlet and Horatio’s conversation in the play’s final act. Zeffirelli shows an excellent understanding of the play’s overall purpose. He depicts Hamlet’s epiphany as a monologue rather than the end of a discourse between friends. By omitting Horatio from the latter portion of this scene, the audience is able to see Hamlet’s shift in perspective develop on its own. Hamlet overlooks the ocean and its horizon as he decides let his fate rest in the ebb and flow of life. Contradictorily, Branagh, using Shakespeare’s original context, does not enhance the viewer’s perception of Hamlet’s conflict. Rather Branagh chooses to show the intimate relationship between Hamlet and Horatio. Kenneth Branagh’s brand of symbolism in â€Å"Hamlet† delves into the true meaning beneath the pages of Shakespeare’s written word. He surpasses the usual film adaptations of a drama, which fail to provoke the imagination. He probes the audience with strong symbolism forcing thought, questioning, and imagination beyond the physical. Franco Zeffirelli, dissimilarity attempts to engage the viewer by shortening the scenes and speeches apropos to the common Hollywood adaptation. While the pace may be more exciting, it loses in cinematic depth. A great production of Hamlet incorporates the strife between the external forces pulling man from his values and learned morals. Hamlet should be portrayed by his struggle to protect his humanity while those he cares for try to strip the essence of morality from him. As Hamlet traverses grief, the actor should have the emotional depth to connect with the viewer, and versatility to surpass the realm of pure poignancy to enter profundity. Hamlet’s instructions to the players should be heeded by any director â€Å"let your own / discretion be your tutor. Suit the action to the / word, the word to the action, with the special / observance, that you overstep not the modesty of / nature† (3.2.17-21). Plays should convey a universal struggle of man and act as a window to the natural world, where the audience members are permitted to view the intimacies of a society contrasting their own – to this rule, Hamlet is no exception. Works Cited Hamlet. Dir. Franco Zeffirelli. Perf. Mel Gibson, Glenn Close, and Alan Bates. DVD. Hamlet. Dir. Kenneth Branaugh. Perf. Kenneth Branaugh, Julie Christie, and Derek Jacobi. DVD. Shakespeare, William. Hamlet. Ed. Barbara A. Mowat. Simon Schuster, 2003. Print.

Theories of Adolescent Risk Taking

Theories of Adolescent Risk Taking Adolescence is seen as a period when an individual is unable to competently assess risk. There is a general belief that adolescents believe that they are invulnerable to risk thereby unable to perceive certain behaviors. Because of this, adolescents are adjudged to be less aware of risk. This provides the reason the reason why there are legal limitations on adolescents’ right (Bellotti, 1979, Gardner, Scherer Tester, 1989). On the other hand, some view adolescents as having the capability to making informed and competent decisions as adults (Melton, 1984). This means that some see adolescents as seeing themselves as invulnerable. This idea is supported by Elkind’s theory (1967, 1978). In this theory, Elkind argues that people become cognitively egocentric when they first enter into formal operations. Because of this, adolescents believe that they are unique and special making them immune to certain things. They see themselves as invulnerable to harm. This geocentricism and invulnerability are expected to reduce as the individual moves from middle to late adolescents. But some believe that this theory on geocentricism is not associated with adolescence transition into formal operations, and that it is not limited to adolescence alone (Frankenbreger, 2000, Gray Hudson, 1984). In addition, research has not found any positive correlation between geocentricism and perception of invulnerability (Dolcini et al., 1989). Social researches on adolescence have not been helpful in resolving the debate between adolescents’ perception of invulnerability to risk and adolescents’ competence. There are numerous inconsistent studies on this issue. There are factors that may be responsible for these inconsistencies. According to Millstein and Halpern-Felsher (2002), these inconsistencies maybe due to the methods used to measure risk perception. Some researchers used probabilistic assessment, that is, the chance that an outcome will occur (Quadrel et al., 1993, Gochman Saucier, 1982) while other researchers like Finn and Brown (1981, Cohn, Macfarlane et al. (1995) examined adolescents’ perception about harm, that is â€Å"the amount of harm that could be caused(p. 401). This has the ability to cause disparity between the studies and also questions the validity of these findings. Another cause of this disparity is failure of researchers to consider behavioral experiences across ages and control for it. While some of the earlier studies that focused on adolescents’ age group and those that compared adolescents and adults found a significant difference in awareness of and consideration of risks (Ambuel Rappaport, 1992, Chassin et al., 2001), some others found few differences. One of the studies that did not support the idea of adolescents’ invulnerability is the one conducted by Millster and Halpern-Felsher (2002). In their studies, they took into account the above identified problems in studying adolescents and young adults risk perception. While other researchers used participants’ parents to measure comparison between adolescents and adults risk perception, these researchers use unrelated childless adult to eliminate this problem. Their reason for using unmarried young childless adults was because those with children may have a greater awareness of risk because of their positions as parents compared to childless and non parent/unmarried young adults.This is because using adolescent participants’ parents may create problem of non independence between the groups. They used 433 adolescents and 144 young adults between the ages of 20 30 as comparison group from racially diverse population and from geographically and demographically similar area. They tried to find out age differences in risk judgement and if adolescents risk judgment differ from those of adults, and if vulnerability perceptions to harm are more prevailed in adolescents than adults. In the result, they found a significant difference between young adults’ and adolescents’ risk judgment. Also, there was a significant age group differences between older adolescents and younger adolescents. Older adolescents assessed probability of negative outcome to be lower than younger adolescents. The study challenges the general belief that due to adolescents’ developmental status, they view themselves as invulnerable as well as underestimate risk. Adolescents don’t see themselves as invulnerable, though they may fail to perceive specific risk related to a specific behavior, and at the same time, may over estimate the benefit of such behavior. Even after controlling for behavioral experiences, younger adolescents perception of risk was greater than older adolescents, and adolescents perceived greater risk that young adults. Because younger adolescents have been taught that engaging in risky behavior results in significant risk, they are likely to be lieve it (Millstein Helperin-Felsher, 2001). But with increased exposure to peer risk behavior coupled with maturation, adolescents are able to observe that not all risky behaviors have a negative outcome. The researchers observed that the participants over estimated risk. Young people already have a sense of heightened vulnerability and that continuous emphasis on the negative outcome of risk might be counterproductive, in that it might conflict with adolescents’ own experiences as they might realize that not all risky behaviors result in negative outcome. The result of this study is in contrast with the popular belief that adolescents perceive risk less than adults do and that adolescents also see themselves as invulnerable. Another research that is consistent with the above finding is the work done by Baumgartner and Peter (2010). They investigated adolescents’ and adults’ perception of internet risk, especially online sexual risk. Previous studies on online risks founf that adolescents are vulnerable (Mitchell, Finkellor Wolak, 2001, 2007b, Yabarra, Mitchell, Finkellor, Wolak, 2007). These findings are based on the assumption that adolescents are massive internet users. There are scientific/research evidence to prove that adolescents are more vulnerable online that adults and that adolescents reported a very negative feeling such as being afraid from online sexual solicitation (Mitchell et al., 2001). Some reasons for this unwanted online sexual solicitation include the fact that due to adolescents’ massive developmental changes at his stage, the need to relate to others increases thereby making them vulnerable to unwanted sexual solicitation (Singelman Rider, 2003). On the other hand, adults may not be keen on interacting with strangers, thereby decreasing the risk of unwanted sexual solicitation. Another reason for this vulnerability is that adolescents spend more time online and this may increase their chances of receiving unwanted online sexual solicitation (Jones Fox, 2009). The empirical evidence to support that adolescent take greater risk than adolescents have been inconsistent. The difference between adults and adolescents risk perception may be because adolescents today are more familiar with internet amd newer social networks compared to adults. In their study of 1765 Dutch adolescents and 1026 Dutch adults, done through online survey, Baumgartner and Peter (2010) investigated age and gender differences in unwanted online sexual solicitation. The result showed that female adolescents and young female adults are at the greatest risk of this online harassment. This may be because of the specific online activities that they are involved in, or may be because they are just the targets of these perpetrators. A reason for this may be because these groups of people use the internet as a means of communication rather than for entertainment, and the the use of internet for chatting increases the chance of unwanted sexual solicitation. Because one of the cha llenges during adolescence is identity formation, these adolescents may use the internet to relate to others by self disclosure or to share intimate details (Mazur Kozarian, 2010, Calvert, 2002). They also found that young girls find this undesirable and may be more emotionally and cognitively vulnerable to such messages compared to older female adult. This means that adolescent girls feel vulnerable with such behaviors, this is in contrast to the general belief that adolescents perceive some behaviors as risky. An emerging adult may cope better in such situation, but an inexperienced adolescent may be more vulnerable and may need protection than adults. There was also evidence of increased online risk for older adolescents male and adults compared to younger adolescents. This may be because as one gets older, one partakes in more risky behavior compared to when one was younger. This is evidence against the notion of adolescents’ invulnerability. Another reason for this increased online sexual risk found among older adolescents and adults may be because sexual interest does not decline with age or after adolescence, and sexuality being an important part of adults, engaging in online sexual risk may help satisfy these sexual needs. Though these evidence that adolescents do not engage in more risk than adults does not mean or suggest that adolescents’ behaviors should be neglected. Risk behaviors are interpreted differently by adolescents and adults (Parsons et al., 1997). It is seen as a normal thing when adults give out private information about themselves online based on the assumption that adults can handle any negative consequence from such behavior unlike adolescents, such behaviors may be frowned at because any negative outcome may be detrimental and may affect their normal development. In addition, although risk may have potential negative outcome, it also serves an important cause in adolescent development (Jessor, 1992, Igra Irwin, 1996) as it helps adolescents develop autonomy and maturity. It also helps in coping with anxiety and frustration. Online sexual risk may also help adolescents in developing their sexual identity. Hence, online sexual risk behavior should not be viewed as detrimental to adolescents, but it could also serve to facilitate healthy development. This study shows that adolescents, especially younger adolescents are risk aware, and that the fear of adults about adolescents’ online sexual risk behaviors is unfounded. A study by Haase and Silbereisen (2011) linked the effect of negative affect on adolescents’ risk perception. This study is in contrast to the above studies that adolescents have a higher risk perception than adults. And that this depends on the affect. That perception depends on our mood or emotion either positive or negative. Other studies have linked positive affect to lower risk perception (Johnson Tversky, 1983). This means that adolescents who are emotionally open are influenced by this. The Haase and Silbereisen (2011) study examined the effect of positive affect on adolescents’ and adults’ risk perception. The study involved the use of audio-visual method to induce emotion. Research has shown that negative emotion leads to a higher risk taking, because the individual tries to overcome the bad mod through engaging in activities that are rewarding in short run and can potentially have harmful effect on the long run (Tice, Bratslavsky Baumeister, 2001). Bu t from the result of the study, they found that when an individual is in a good mood, he is less likely to perceive some risky behaviors like smoking and alcohol drinking as risky. The study also examined the effect of mood across age groups. It was found that positive affect lowers risk perception across age groups, whereas negative affect led to lower risk perception among mid adolescents but did not for early adolescents and young adults. This may be because developmentally, mid adolescents have a high stress vulnerability (Spear, 2000), and a higher risk taking (Steinberg, 2008). Therefore, it has been shown that affective influences play a big role in adolescents risk taking. When adolescents are in good mood and excited, they tend to indulge in risky behaviors or they may judge some behaviors as risk free. Because previous studies have used questionnaire to assess adolescents’ risk taking, using experiment showed that adolescents partake in risk behavior and that this risk taking is influenced by affect either positive or negative. This means that adolescents and adults may be more risk averse when they are faced with situations that do not give rise to great emotions, and this may not be captured in questionnaire study. This result in conflicting findings on adolescents risk taking, but using experimental design may show the real situation when the adolescents are faced with strong emotions. Feelings may alter risk perception.

The Definition of Success Essay -- Definition Essays Defining Papers

The Definition of Success   Ã‚  Ã‚  Ã‚  Ã‚  What is success? Is it the process of doing a task and receiving a positive result acceptable amongst the community, or is it simply achieving ones own personal goals? Success to me can mean many things. Although I am successful in school, that does not necessarily mean I will lead a successful life.   Ã‚  Ã‚  Ã‚  Ã‚  According to The American Heritage Dictionary success is, "the achievement of something desired, planned, or attempted." Even over the course of history, the meaning of the word has not really changed. In the Webster's Dictionary from 1828, success was stated as, "the favorable or prosperous termination of anything attempted; a termination which answers the purpose intended; properly in a good sense, but often in a bad sense."   Ã‚  Ã‚  Ã‚  Ã‚  The word success itself has an interesting background. First used in 1537, the word was derived from Latin. Succeed entered English in the 15th century from Old French succeder, which itself came from Latin succedere. That word is a compound verb formed from sub- "under" in the sense of "next under" or "after," and cedere "go." The meaning of "getting near to something" changed in Latin to "doing well, prospering," hence the meaning behind success.   Ã‚  Ã‚  Ã‚  Ã‚  Success to me is setting personal goals, and following through with them. Whether you achieve your desired result or not, you have succeeded just by trying. "It is not the critic who counts; not the man who points out how the strong man stumbled, or whe...

Attention Deficit Disorder Essay -- Health, Diseases

After a long day of hard work, I was exhausted and really hungry; I hear my stomach making weird noises. I grabbed the keys from the kitchen's table and put my sweater on. I decided to eat something fast but healthy. While I was driving to Wendy's, I was thinking about my order: a large salad, with a large orange juice and bowl of fruit. I was waiting for my turn when I saw Suzy, one of my old friends from high school, she was on the first table with the cutest, adorable, talkative and charming girl I ever seen. As I was approaching her to said hi, I hear this little girl screaming six times on top of her lungs â€Å"HOT DOG!† then she pulled the mat off the table, spilled the water in the table and threw the silverware to the waitress. I was in shock, I couldn't believe that this little girl was capable of doing this scene in front of many people. Everyone keeps looking at her and I hear them murmuring â€Å" What's the matter with them?† â€Å"What kind of mom is she ?† or â€Å"Why they can control that little girl?†. I saw her face of embarrassment, she quickly asked for the bill and left. I felt bad for her but I was wondering why this little girl acted like that. Is it really bad parenting? Or a more serious problem? After I while I discover about this disorder called ADD ( Attention Deficit Disorder), but what causes this disease, what are the symptoms, or what is the treatment? Attention Deficit Disorder or also know as ADD has been called in different forms and terms but synonymously ADD is called ADHD ( Attention Hyperactivity Disorder) but speaking in medical terms they differentiate in many ways. â€Å" According to the DSM-III both types involve difficulty with attention† (Phelan 13). In one hand ADHD can be described as a disorder with att... ...mad at you and to feel like you haven't been let in on the secret. Get in a support group. It is helpful for you and your children to understand that you are not the only one living like this. Never, never give up!! There are some valuable lifelong lessons to learn.† (Hallowell 12) And the most important Attention deficit children need help because they can succeed in social areas if extra help is provided for them. â€Å" Whatever the case, the ADD child needs to be attended to. He or she should not be written as lazy, stupid, or badly behaved. With the proper intervention, the ADD child can be helped.† (Woliver 48) There are parent support groups as well as family therapy. ADD can be considered as a family matter because the relationships are strained or breaking down. This therapies help them to avoid blame and check what problems have caused this.

Comparing Dystopian Dream of Brave New World, The Handmaid’s Tale and GATTACA :: comparison compare contrast essays

The Dystopian Dream of Brave New World, The Handmaid’s Tale and GATTACA  Ã‚   In Utilitarianism, John Stuart Mill writes that â€Å"it is better to be a human being dissatisfied than a pig satisfied.† By this he meant there are qualitative degrees of satisfaction and if to be satisfied we’re lowered in status to that of a pig, it’s better for us to be dissatisfied humans. The film GATTACA and the books Brave New World and The Handmaid’s Tale create fictional places where the needs and desires of humans are met, but not as well as they should be and not without a price. Given the achievements in science over the last several decades, specifically in areas of genetics and biology, it is no wonder why we dream of altering our world in the name of progress. But with social progress in these tales comes repressed individuality, loss of personal freedom, and discrimination of those who aren’t the biological elite. Because such stories deal with these potential imperfections of utopia, they’re called dystopias, pessimistic vi sions of societies striving to be ideal but never reaching their goal. Utopian and Dystopian thinkers differ in their views of human nature. While Utopians see human nature as basically good, Dystopians cannot share such optimism. Human nature, in their view, is much like science, neither good nor bad, but varied and variable, potentially both good and evil. Even in the most ideal circumstances, Dystopians believe there’s no escaping those who desire power and control over others. (Dystopia Handout) In Margaret Atwood’s The Handmaid’s Tale those who seize power in the Republic of Gilead are the Commanders, men who arrange a right wing militant theocracy that demotes women and controls society. After a political massacre eradicates pre-Gilead government and environmental disasters threaten the proliferation of the human race, those women still capable of reproducing are forced to bear children for those who cannot. Those lucky enough to become Handmaids are spared from life in the Colonies handling toxic waste. Offred, the main chara cter of the book, finds herself stripped away from her family and her previous role in society. Instead of being a wife and a mother, she is what Lois Feuer calls â€Å"a walking womb,† useful only because she’s still fertile in a world where fertility is rare.. In GATTACA, as in The Handmaid’s Tale, reproduction is controlled by an elite group of males, but in a slightly different way.

Principles of Business

The Development of Economic Activity Human Beings produce and consume goods and services from the resources in their environment. It is primarily for the reason that humans are called ECONOMIC ANIMAL, because he or she has the ability to use his or her hands and brain to satisfy his or her immediate personal needs. These are looked at as basic needs; these needs are food, shelter and clothing (Economic Activity). Economic Activity means activities which results in the satisfaction of needs.In order to satisfy these needs, man engaged in certain economic activity such as farming, fishing, hunting, trade form, women stay home. Direct Production/ Direct Satisfaction of Wants Direct Production really means that human beings provide all their needs for themselves and their family without the aid of others; in other words, they do not depend on others to provide. Indirect Production/ Indirect Satisfaction of Wants Indirect Production means that human beings exchange their surplus by barter with others; in other words, human beings depend on others to do things for them  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Subsistence EconomySubsistence Economy – An economy which provide just enough to survive, but not to improve their way of life. BARTER SYSTEM Barter System is the exchange of goods or services for other goods and services without the use of money. ADVANTAGE OF BARTER SYSTEM * It allowed people to dispose of any surplus, they had at the same time obtain a variety of things they needed. * It enables persons to enjoy goods and services they could not produce. * Countries with foreign currency problems can get goods and services that they require. Countries that engage in trade can strengthen their political and cultural ties. DISADVANTAGE OF BARTER SYSTEM * Double or co-incidence of wants – No trade can take place unless there is double or co-incidence of wants; that is your trading partner has wh at you want and wants what you have. * Time Consumption – It could be challenging to find willing partners. * Spoilage – If an individual failed to find a suitable partner within a reasonable time ones wealth in goods could be destroyed. Unequal Exchange – There is the difficulty or unequal exchange where the values of some goods far outweigh the value of other goods. MONEY Money is any commodity that is generally acceptable and is used as a medium of exchange and as a measure of value CHARACTERISTICS OF MONEY * Acceptability – It must be readily acceptable by everyone * Durability – It should not wear out easily * Homogeneity – it features should be identical * Divisibility – Money should be able to be broken down into smaller units. Portability – It should be easy to carry around. FUNCTIONS OF MONEY * Medium of Exchange – Money makes the exchange of goods easier * Measure of Value – Money can be used to state pr ices of goods * Store of Value –   Money can be saved * Deferred Payment – Money can be earned at one time and spent at another. DIVISION OF LABOUR OR SPECIALIZATION Division of labour is sharing the work. The work is divided among persons and they specialize in doing their part of the process, specialization comes as a part of this. DIVISION OF LABOUR BY PRODUCTDivision of labour by product means people can do what they can do best in exchange for money and then using the money earned to buy the goods and services of others. DIVISION OF LABOUR BY PROCESS Division of labour by process means by organizing production into many stages workers become more specialized in their work and consequently they produce more. ADVANTAGES OF DIVISION OF LABOUR OR SPECIALIZATION * Workers become more expert in their jobs * Jobs become simpler and easier to learn * Output per person increases * Machinery and automation can be used Workers can more easily change jobs * Unit cost are re duced DISADVANTAGES OF DIVISION OF LABOUR OR SPECIALIZATION * Work can be tedious and boring thus resulting in poor worker motivation and the likelihood of a higher rate of absentism * Workers creativity is limited * Greater use of machinery can cause unemployment * Production can easily be stopped by strikes ECONOMIC SYSTEM Economic System refers to the method by which a nation or country plan to utilize its resources in order to achieve economic growth and to benefit its citizens. MAJOR ECONOMIC SYSTEMEvery country is given by an economic system as each system has to decide how to allocate its resources to meet the needs of the citizens. This is a problem because the worlds resources are limited in supply and mans wants are unlimited. The economic is therefore deciding how to best to share these scarce resources. The decision of what to produce or what choices to make from the limited resources available is influenced by the political situation within which the decision is made. I n order to share resources all economic must answer to all these problems. PROBLEMS OF ECONOMIC SYSTEM FACE Limited Resources * Man wants are unlimited * Scarcity * How to share resources * Choice / decision No two countries are organized in the same way but they all have to solve three basic problems as follows * What should be produced? * How much to produce? * How is it to be produce? * Where is it to be produce? There are four different economic systems which answer the foregoing questions. * Subsistence Economy * Free Market Economy {Alternative name – Capitalists, Laissez-faire} * Controlled Economy {Alternative name – Collectivists, Communist, Command Control} * Mixed SUBSISTENCE ECONOMYA subsistence economy is one where there is little specialization and little trade. In such an economy people tend to live in family groups and grow most of their own food. Free Market Economy In a free market economy there is little or no government interference in the economy. It is based on the private ownership of the factors of production and the means of the distributing goods and services. Market forces are allowed to determine how resources are allocated. Examples of Free Market Economy is Jamaica, and Trinidad and Tobago, United States of America and Hong Kong Advantages of Free market Economy Individuals are free to make choices as to what they want to produce, where they who they want to work for, what price they are going to charge for labour and also the price of their finished products * Customers can decide what to produce by influencing market prices * When consumers demands certain goods and services, they send messages to the producers who in turn will produce and meet the demands and thus satisfy the preference of consumers Disadvantages of Free market Economy * It encourages inequalities of wealth The more powerful businesses may buy out the smaller ones thus reducing competition * Wealthy people are more able to purchase and influence t he market than smaller ones * Companies may be tempted to restrict supplies to keep prices high Planned / Controlled / Collectivist Economy In a controlled economy all economic decisions are made by the government. The state decides what to produce, how it is to be produced and how it should be allocated to consumers; in other words, the state decides what the community needs and therefore demand is not influenced by the consumer.Examples of Controlled economies are Cuba and China. Advantages of Controlled Economy * State   control eliminates wasteful competition * The state will provide goods that private enterprise will be unwilling to provide * It is impossible for private monopolies to develop * The state ensures that the needs of the community are met Disadvantages of Controlled Economy * Free enterprise and competition are discouraged * Creativeness and efficiency are not encouraged MIXED ECONOMY Mixed economy is a combination of elements from free economy and a controlled e conomy.There is a public sector controlled by the government which provides goods and services that the state feels it can manage most efficiently and a private sector in which individuals risk capital in producing goods and services for profit. ADVANTAGES OF MIXED ECONOMY * Individuals have freedom of choice * Government can intervene to protect citizens from unfair monopoly * Both the private and public sector may unite in producing goods. DISADVANTAGES OF MIXED ECONOMY * It is possible for private monopolies to develop Too many government regulations may discourage persons from owning a business GLOBALIZATION Globalization can be seen as the intensification and spread of world wide social, economic, cultural and political relationships among countries. BENEFITS OF GLOBALIZATION * Provision of high quality goods and services at a cheaper rate which is achieved through economies of scale * In contributing to globalization firms not only provide goods and services economically but t hey also provide employment for people IMPACT OF GLOBALIZATIONThe impact of globalization has some adverse effect on small economies of the Caribbean. Large international firms that can produce high quality goods and services at a cheaper cost set challenges to small firms that are producing similar goods and services PRIMARY PRODUCTION Primary Production includes activity which takes the natural resources from the earth, that is the extraction of raw materials and the growing of food. Example Mining, fishing farming and forestry Secondary ProductionSecondary production involves manufacturing, processing and construction which transform raw materials into finish or semi-finished goods. Example baking, ship building and office construction. Tertiary Production Tertiary production includes the provision of serves example Hairdressing. PRIVATE AND PUBLIC SECTOR The private sector is that part of the economy that is owned and controlled by private individuals and firms. Funds for the es tablishment of private business operation are obtained through * Loans from Bank or Financial Institution * Personal Savings Financing from family and friends The public sector refers to business in the economy that are owned by government for the benefit of the public citizens. The main motive is to provide goods and services to benefit the country. Funds will mainly com from taxation. Private sector enterprise will involve in manufacturing, mining etc and they are able to produce or provide the services they wish but they must abide by rules and regulation establish by the government, on the other hand, the public sector relies on the private sector for taxation to maintain the operations of the country.In most Caribbean countries we say that there is a mixed economy because some businesses are privately owned and others are owned by the state ADVANTAGES OF PRIVATE SECTOR TO A SOCIETY * Public Sector protects citizens from exploitation by powerful monopolies * Public sector provid es employment for many persons * Public sector contributes to the economic lives of the country PUBLIC BUSINESS UNDERTAKINGS Public Corporations: These are government or state owned businesses that are primarily run by Central government.Municipal Undertakings: These are government owned businesses that are run primarily by the Local Government. These include market, parks and beaches Government Undertakings: These departments carry out special functions such as education, health and finance REASONS FOR ESTABLISHING A BUSINESS * To earn a income * To make a profit- which is the result when a firm’s sales revenue is greater than its total costs. Profit is important because it enables business to survive and grow, it also provides the owner with a return for taking the risk of losing money they have invested. To provide employment to persons in and around the community * To expand production and increase the yearly sales of the firm * To produce a product that is either a good or service to the community * To have the satisfaction of being one’s own boss SOLE TRADERSHIP OR SOLE PROPRIETORSHIP The sole tradership or sole proprietorship is defined as a one man business, this is so because he or she enters business on his or her own, therefore bearing the risk of the business and thus entitled to all the profits.Even when the sole trader invites someone else to assist in the running of the business, these individuals would be employees. They do not share in ownership of the business and the owner is responsible for decisions made concerning the business. * Sole tradership is very easy to setup and operate. * It does not require any legal paperwork or registration. * Sole Trader is an unincorporated business, which means that the owner and business are one and same in the eyes of the law. This means that he conducts in his own name, his business is not separate from him. Sole Trader has unlimited liability which means that their personal assets can be clamed to settle the debts of their business that is why in the case of bankruptcy the sole trader stands to lose his/ her personal belongings, if the business assets cannot cover his/her debts. In order to finance the business the sole trader may: *   Use his personal savings to start the business. * The sole trader may also borrow funds from family members or friends. * The sole trader may also get funds from financial institution such as credit unions, commercial banks or government sources as the business progresses. The sole trader may also reinvest or plough back some of the profits made in the business. The sole Trader may sell ownership of his business to someone else. If he/she dies then the business no longer exists. ADVANTAGES OF SOLE TRADER * The business is simple to start and usually requires only a small amount of capital * Profits are not shared * Decisions are made promptly and the new ideas put in place quickly * The owner retains personal control over the direct ion and growth of his/her business DISADVANTAGES OF SOLE TRADER It is difficult to access capital if the sole trader wants to expand his business * The sole trader bears all the losses * The sole trader may have to work long hours and may not be able to take vacation when he wants to do so * Unlimited Liability , therefore in the case of bankruptcy he may lose his personal belongings to claim its debts * There is lack of continuity if the owner dies PARTNERSHIP An ordinary partnership is an association of two to twenty persons who are in business together with a view to earning a profit.This type of partnership may have general or active partners who are involved in the day to day operations of the business. A Sleeping partner is a partner who may be willing to introduce capital into a business but may not wish to take an active part in the running of the business In an ordinary partnership all partners have unlimited liability which means that they stand to lose not only their inve stment capital but also their personal assets. It is possible to have a limited partnership bit at least one partner mush accept unlimited liability.Partnership is formed amongst partners, partners may share in the management of the business or may serve as the manager or they may employ someone to manage the business Partners are free to decide whatever arrangement they like amongst themselves as to what rules will govern their organization. Partners have a written arrangement or deed. A partnership deed sets out the rights of each partner as to the division of profits. The deed sets out: * The name of the business and the date the business started * The type of business and the location of the business Details of each partner * The amount of capital each partner invested * How profits to be shared * The responsibility of each partner in the business In financing a partnership business all partners pool their savings together, loans and retained. Profits are shared by the deed draw n up by the partners, the absence of the deed means that profits are shared equally. In a partnership all partners are held personally responsible for all debts of the business. If one partner cannot fulfill his obligations then the other partner will bear all the losses. A partnership may be terminated: When partner or partners decide to sell their share of the partnership to someone else. When this occurs a new partners are brought in. * If it becomes insolvent or bankrupt * When all parties agree to terminate the business ADVANTAGES OF PARTNERSHIP * It is easy to form as there are few legal formalities * More capital is available to foster growth and development. * Workload can be shared amongst partners DISADVANTAGES OF PARTNERSHIP * If a partner makes a mistake all partners stand to lose * Each partner is liable for the debts of the business * Possible disagreements between partners Membership limit of twenty which restricts resources of the business CO-OPERATIVES A cooperative is a form of business that is owned and controlled by a group of persons who have a common interest and who have an equal say in operation. Types of Cooperatives * Producer Cooperative: In this type of cooperative society members are in their business of producing example in a farming community * Buyers Cooperatives: This is a type of cooperative in which persons who use a particular good in their business operations come together to purchase that good in large quantities and gain benefits of discounts. Financial Cooperatives: This is a service oriented society. It brings together persons who have a common interest. The aim is for members to pool their resources in the provision of service * Workers Cooperative: Are businesses that are owned and run by their own workforces. Example the crews of a bus company Cooperative is governed by a general meeting. The meeting is held annually and it is at this meeting that a committee is appointed to handle the day to day affairs of the coope rative.The cooperative is controlled by its members. Each member contributes to share capital of the cooperative. Members finance the cooperative through the purchase of shares Shareholders receives dividends if the cooperative makes a profit from its operation. The amount of dividend is related to the number of shares held. Dividends are generally small, since the major goal is not to make a profit but to provide a service to its members. Earnings from a cooperative are not totally consumed in the payment of dividend.Most of these are ploughed back into the cooperatives to finance operational needs identified by the members. ADVANTAGES OF CO-OPERATIVES * Members benefit from the pooling of funds for the purpose of lending to other members * Members have equal say in the operation of business as well as in the decision making of the cooperatives * Members are the owners of the cooperative society * Employment is created within the organization DISADVANTAGES OF CO-OPERATIVES * Profit s may be small or non existent * Shortage or lack of capital may inhibit growth and cause problems Principles of Business The Development of Economic Activity Human Beings produce and consume goods and services from the resources in their environment. It is primarily for the reason that humans are called ECONOMIC ANIMAL, because he or she has the ability to use his or her hands and brain to satisfy his or her immediate personal needs. These are looked at as basic needs; these needs are food, shelter and clothing (Economic Activity). Economic Activity means activities which results in the satisfaction of needs.In order to satisfy these needs, man engaged in certain economic activity such as farming, fishing, hunting, trade form, women stay home. Direct Production/ Direct Satisfaction of Wants Direct Production really means that human beings provide all their needs for themselves and their family without the aid of others; in other words, they do not depend on others to provide. Indirect Production/ Indirect Satisfaction of Wants Indirect Production means that human beings exchange their surplus by barter with others; in other words, human beings depend on others to do things for them  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Subsistence EconomySubsistence Economy – An economy which provide just enough to survive, but not to improve their way of life. BARTER SYSTEM Barter System is the exchange of goods or services for other goods and services without the use of money. ADVANTAGE OF BARTER SYSTEM * It allowed people to dispose of any surplus, they had at the same time obtain a variety of things they needed. * It enables persons to enjoy goods and services they could not produce. * Countries with foreign currency problems can get goods and services that they require. Countries that engage in trade can strengthen their political and cultural ties. DISADVANTAGE OF BARTER SYSTEM * Double or co-incidence of wants – No trade can take place unless there is double or co-incidence of wants; that is your trading partner has wh at you want and wants what you have. * Time Consumption – It could be challenging to find willing partners. * Spoilage – If an individual failed to find a suitable partner within a reasonable time ones wealth in goods could be destroyed. Unequal Exchange – There is the difficulty or unequal exchange where the values of some goods far outweigh the value of other goods. MONEY Money is any commodity that is generally acceptable and is used as a medium of exchange and as a measure of value CHARACTERISTICS OF MONEY * Acceptability – It must be readily acceptable by everyone * Durability – It should not wear out easily * Homogeneity – it features should be identical * Divisibility – Money should be able to be broken down into smaller units. Portability – It should be easy to carry around. FUNCTIONS OF MONEY * Medium of Exchange – Money makes the exchange of goods easier * Measure of Value – Money can be used to state pr ices of goods * Store of Value –   Money can be saved * Deferred Payment – Money can be earned at one time and spent at another. DIVISION OF LABOUR OR SPECIALIZATION Division of labour is sharing the work. The work is divided among persons and they specialize in doing their part of the process, specialization comes as a part of this. DIVISION OF LABOUR BY PRODUCTDivision of labour by product means people can do what they can do best in exchange for money and then using the money earned to buy the goods and services of others. DIVISION OF LABOUR BY PROCESS Division of labour by process means by organizing production into many stages workers become more specialized in their work and consequently they produce more. ADVANTAGES OF DIVISION OF LABOUR OR SPECIALIZATION * Workers become more expert in their jobs * Jobs become simpler and easier to learn * Output per person increases * Machinery and automation can be used Workers can more easily change jobs * Unit cost are re duced DISADVANTAGES OF DIVISION OF LABOUR OR SPECIALIZATION * Work can be tedious and boring thus resulting in poor worker motivation and the likelihood of a higher rate of absentism * Workers creativity is limited * Greater use of machinery can cause unemployment * Production can easily be stopped by strikes ECONOMIC SYSTEM Economic System refers to the method by which a nation or country plan to utilize its resources in order to achieve economic growth and to benefit its citizens. MAJOR ECONOMIC SYSTEMEvery country is given by an economic system as each system has to decide how to allocate its resources to meet the needs of the citizens. This is a problem because the worlds resources are limited in supply and mans wants are unlimited. The economic is therefore deciding how to best to share these scarce resources. The decision of what to produce or what choices to make from the limited resources available is influenced by the political situation within which the decision is made. I n order to share resources all economic must answer to all these problems. PROBLEMS OF ECONOMIC SYSTEM FACE Limited Resources * Man wants are unlimited * Scarcity * How to share resources * Choice / decision No two countries are organized in the same way but they all have to solve three basic problems as follows * What should be produced? * How much to produce? * How is it to be produce? * Where is it to be produce? There are four different economic systems which answer the foregoing questions. * Subsistence Economy * Free Market Economy {Alternative name – Capitalists, Laissez-faire} * Controlled Economy {Alternative name – Collectivists, Communist, Command Control} * Mixed SUBSISTENCE ECONOMYA subsistence economy is one where there is little specialization and little trade. In such an economy people tend to live in family groups and grow most of their own food. Free Market Economy In a free market economy there is little or no government interference in the economy. It is based on the private ownership of the factors of production and the means of the distributing goods and services. Market forces are allowed to determine how resources are allocated. Examples of Free Market Economy is Jamaica, and Trinidad and Tobago, United States of America and Hong Kong Advantages of Free market Economy Individuals are free to make choices as to what they want to produce, where they who they want to work for, what price they are going to charge for labour and also the price of their finished products * Customers can decide what to produce by influencing market prices * When consumers demands certain goods and services, they send messages to the producers who in turn will produce and meet the demands and thus satisfy the preference of consumers Disadvantages of Free market Economy * It encourages inequalities of wealth The more powerful businesses may buy out the smaller ones thus reducing competition * Wealthy people are more able to purchase and influence t he market than smaller ones * Companies may be tempted to restrict supplies to keep prices high Planned / Controlled / Collectivist Economy In a controlled economy all economic decisions are made by the government. The state decides what to produce, how it is to be produced and how it should be allocated to consumers; in other words, the state decides what the community needs and therefore demand is not influenced by the consumer.Examples of Controlled economies are Cuba and China. Advantages of Controlled Economy * State   control eliminates wasteful competition * The state will provide goods that private enterprise will be unwilling to provide * It is impossible for private monopolies to develop * The state ensures that the needs of the community are met Disadvantages of Controlled Economy * Free enterprise and competition are discouraged * Creativeness and efficiency are not encouraged MIXED ECONOMY Mixed economy is a combination of elements from free economy and a controlled e conomy.There is a public sector controlled by the government which provides goods and services that the state feels it can manage most efficiently and a private sector in which individuals risk capital in producing goods and services for profit. ADVANTAGES OF MIXED ECONOMY * Individuals have freedom of choice * Government can intervene to protect citizens from unfair monopoly * Both the private and public sector may unite in producing goods. DISADVANTAGES OF MIXED ECONOMY * It is possible for private monopolies to develop Too many government regulations may discourage persons from owning a business GLOBALIZATION Globalization can be seen as the intensification and spread of world wide social, economic, cultural and political relationships among countries. BENEFITS OF GLOBALIZATION * Provision of high quality goods and services at a cheaper rate which is achieved through economies of scale * In contributing to globalization firms not only provide goods and services economically but t hey also provide employment for people IMPACT OF GLOBALIZATIONThe impact of globalization has some adverse effect on small economies of the Caribbean. Large international firms that can produce high quality goods and services at a cheaper cost set challenges to small firms that are producing similar goods and services PRIMARY PRODUCTION Primary Production includes activity which takes the natural resources from the earth, that is the extraction of raw materials and the growing of food. Example Mining, fishing farming and forestry Secondary ProductionSecondary production involves manufacturing, processing and construction which transform raw materials into finish or semi-finished goods. Example baking, ship building and office construction. Tertiary Production Tertiary production includes the provision of serves example Hairdressing. PRIVATE AND PUBLIC SECTOR The private sector is that part of the economy that is owned and controlled by private individuals and firms. Funds for the es tablishment of private business operation are obtained through * Loans from Bank or Financial Institution * Personal Savings Financing from family and friends The public sector refers to business in the economy that are owned by government for the benefit of the public citizens. The main motive is to provide goods and services to benefit the country. Funds will mainly com from taxation. Private sector enterprise will involve in manufacturing, mining etc and they are able to produce or provide the services they wish but they must abide by rules and regulation establish by the government, on the other hand, the public sector relies on the private sector for taxation to maintain the operations of the country.In most Caribbean countries we say that there is a mixed economy because some businesses are privately owned and others are owned by the state ADVANTAGES OF PRIVATE SECTOR TO A SOCIETY * Public Sector protects citizens from exploitation by powerful monopolies * Public sector provid es employment for many persons * Public sector contributes to the economic lives of the country PUBLIC BUSINESS UNDERTAKINGS Public Corporations: These are government or state owned businesses that are primarily run by Central government.Municipal Undertakings: These are government owned businesses that are run primarily by the Local Government. These include market, parks and beaches Government Undertakings: These departments carry out special functions such as education, health and finance REASONS FOR ESTABLISHING A BUSINESS * To earn a income * To make a profit- which is the result when a firm’s sales revenue is greater than its total costs. Profit is important because it enables business to survive and grow, it also provides the owner with a return for taking the risk of losing money they have invested. To provide employment to persons in and around the community * To expand production and increase the yearly sales of the firm * To produce a product that is either a good or service to the community * To have the satisfaction of being one’s own boss SOLE TRADERSHIP OR SOLE PROPRIETORSHIP The sole tradership or sole proprietorship is defined as a one man business, this is so because he or she enters business on his or her own, therefore bearing the risk of the business and thus entitled to all the profits.Even when the sole trader invites someone else to assist in the running of the business, these individuals would be employees. They do not share in ownership of the business and the owner is responsible for decisions made concerning the business. * Sole tradership is very easy to setup and operate. * It does not require any legal paperwork or registration. * Sole Trader is an unincorporated business, which means that the owner and business are one and same in the eyes of the law. This means that he conducts in his own name, his business is not separate from him. Sole Trader has unlimited liability which means that their personal assets can be clamed to settle the debts of their business that is why in the case of bankruptcy the sole trader stands to lose his/ her personal belongings, if the business assets cannot cover his/her debts. In order to finance the business the sole trader may: *   Use his personal savings to start the business. * The sole trader may also borrow funds from family members or friends. * The sole trader may also get funds from financial institution such as credit unions, commercial banks or government sources as the business progresses. The sole trader may also reinvest or plough back some of the profits made in the business. The sole Trader may sell ownership of his business to someone else. If he/she dies then the business no longer exists. ADVANTAGES OF SOLE TRADER * The business is simple to start and usually requires only a small amount of capital * Profits are not shared * Decisions are made promptly and the new ideas put in place quickly * The owner retains personal control over the direct ion and growth of his/her business DISADVANTAGES OF SOLE TRADER It is difficult to access capital if the sole trader wants to expand his business * The sole trader bears all the losses * The sole trader may have to work long hours and may not be able to take vacation when he wants to do so * Unlimited Liability , therefore in the case of bankruptcy he may lose his personal belongings to claim its debts * There is lack of continuity if the owner dies PARTNERSHIP An ordinary partnership is an association of two to twenty persons who are in business together with a view to earning a profit.This type of partnership may have general or active partners who are involved in the day to day operations of the business. A Sleeping partner is a partner who may be willing to introduce capital into a business but may not wish to take an active part in the running of the business In an ordinary partnership all partners have unlimited liability which means that they stand to lose not only their inve stment capital but also their personal assets. It is possible to have a limited partnership bit at least one partner mush accept unlimited liability.Partnership is formed amongst partners, partners may share in the management of the business or may serve as the manager or they may employ someone to manage the business Partners are free to decide whatever arrangement they like amongst themselves as to what rules will govern their organization. Partners have a written arrangement or deed. A partnership deed sets out the rights of each partner as to the division of profits. The deed sets out: * The name of the business and the date the business started * The type of business and the location of the business Details of each partner * The amount of capital each partner invested * How profits to be shared * The responsibility of each partner in the business In financing a partnership business all partners pool their savings together, loans and retained. Profits are shared by the deed draw n up by the partners, the absence of the deed means that profits are shared equally. In a partnership all partners are held personally responsible for all debts of the business. If one partner cannot fulfill his obligations then the other partner will bear all the losses. A partnership may be terminated: When partner or partners decide to sell their share of the partnership to someone else. When this occurs a new partners are brought in. * If it becomes insolvent or bankrupt * When all parties agree to terminate the business ADVANTAGES OF PARTNERSHIP * It is easy to form as there are few legal formalities * More capital is available to foster growth and development. * Workload can be shared amongst partners DISADVANTAGES OF PARTNERSHIP * If a partner makes a mistake all partners stand to lose * Each partner is liable for the debts of the business * Possible disagreements between partners Membership limit of twenty which restricts resources of the business CO-OPERATIVES A cooperative is a form of business that is owned and controlled by a group of persons who have a common interest and who have an equal say in operation. Types of Cooperatives * Producer Cooperative: In this type of cooperative society members are in their business of producing example in a farming community * Buyers Cooperatives: This is a type of cooperative in which persons who use a particular good in their business operations come together to purchase that good in large quantities and gain benefits of discounts. Financial Cooperatives: This is a service oriented society. It brings together persons who have a common interest. The aim is for members to pool their resources in the provision of service * Workers Cooperative: Are businesses that are owned and run by their own workforces. Example the crews of a bus company Cooperative is governed by a general meeting. The meeting is held annually and it is at this meeting that a committee is appointed to handle the day to day affairs of the coope rative.The cooperative is controlled by its members. Each member contributes to share capital of the cooperative. Members finance the cooperative through the purchase of shares Shareholders receives dividends if the cooperative makes a profit from its operation. The amount of dividend is related to the number of shares held. Dividends are generally small, since the major goal is not to make a profit but to provide a service to its members. Earnings from a cooperative are not totally consumed in the payment of dividend.Most of these are ploughed back into the cooperatives to finance operational needs identified by the members. ADVANTAGES OF CO-OPERATIVES * Members benefit from the pooling of funds for the purpose of lending to other members * Members have equal say in the operation of business as well as in the decision making of the cooperatives * Members are the owners of the cooperative society * Employment is created within the organization DISADVANTAGES OF CO-OPERATIVES * Profit s may be small or non existent * Shortage or lack of capital may inhibit growth and cause problems