RICHARD III Essays (509 words) - Richard III Of England, Royalty

RICHARD III William Shakespeare Plot Overview After a long civil war between the royal family of York and the royal family of Lancaster, England enjoys a period of peace under King Edward IV and the victorious Yorks. But Edward's younger brother, Richard, resents Edward's power and the happiness of those around him. Malicious, power-hungry, and bitter about his physical deformity, Richard begins to aspire secretly to the throneand decides to kill anyone he has to in order to become king. Using his intelligence and his skills of deception and political manipulation, Richard begins his campaign for the throne. He manipulates a noblewoman, Lady Anne, into marrying himeven though she knows that he murdered her first husband. He has his own older brother, Clarence, executed, and shifts the burden of guilt onto his sick older brother King Edward in order to accelerate Edward's illness and death. After King Edward dies, Richard becomes lord protector of Englandthe figure in charge until the elder of Edward's two sons grows up. Next Richard kills the court noblemen who are loyal to the princes, most notably Lord Hastings, the lord chamberlain of England. He then has the boys' relatives on their mother's sidethe powerful kinsmen of Edward's wife, Queen Elizabetharrested and executed. With Elizabeth and the princes now unprotected, Richard has his political allies, particularly his right-hand man, Lord Buckingham, campaign to have Richard crowned king. Richard then imprisons the young princes in the Tower and, in his bloodiest move yet, sends hired murderers to kill both children. By this time, Richard's reign of terror has caused the common people of England to fear and loathe him, and he has alienated nearly all the noblemen of the courteven the power-hungry Buckingham. When rumors begin to circulate about a challenger to the throne who is gathering forces in France, noblemen defect in droves to join his forces. The challenger is the earl of Richmond, a descendant of a secondary arm of the Lancaster family, and England is ready to welcome him. Richard, in the meantime, tries to consolidate his power. He has his wife, Queen Anne, murdered, so that he can marry young Elizabeth, the daughter of the former Queen Elizabeth and the dead King Edward. Though young Elizabeth is his niece, the alliance would secure his claim to the throne. Nevertheless, Richard has begun to lose control of events, and Queen Elizabeth manages to forestall him. Meanwhile, she secretly promises to marry young Elizabeth to Richmond. Richmond finally invades England. The night before the battle that will decide everything, Richard has a terrible dream in which the ghosts of all the people he has murdered appear and curse him, telling him that he will die the next day. In the battle on the following morning, Richard is killed, and Richmond is crowned King Henry VII. Promising a new era of peace for England, the new king is betrothed to young Elizabeth in order to unite the warring houses of Lancaster and York.

Free Essays on My Opinion About Frank OConnors “My Oedipus Complex“

My responses to Frank O’Connor’s â€Å"My Oedipus Complex† In Frank O’Connor’s short story â€Å"My Oedipus Complex†, we get a chance to explore the world of a little boy. In this story, Larry, a five-year-old boy obsessed with his mother suddenly sees a drastic change in his life when his father returns home from war. With abundant humour and considerable pragmatism, O’Connor depicts in this story the ‘Oedipus stage’ of a boy’s life alluding continuously and wittily to Freudian psychoanalysis. The focus of the story is the relationship between Larry and his father. It is witty and ingenious in the way it depicts the oedipal phase. The conflict arises when his father comes back from the war. Larry views his father as a stranger who suddenly steals his mother’s love and attention away from him. Larry is a very possessive, self-cantered and selfish boy. He despises the fact that his mother is paying more attention to his father. He becomes extremely jealous of his father and starts competing with him as only a five year old would know how. This creates a very hilarious situation and the readers are constantly amused by the absurdity of his actions. He is typically babyish and childish in his behaviour towards his father, mother and his brother Sonny. However, at the end, he finally comes to terms with his father and Larry moves from rivalry with his father over possession of his mothers love to reconciliation with him. The denouement or the unravelling of the plot of t he story is prompt but very plausible. The story is written by the older man who looks back and tells the story from the little boy’s point of view. The older narrator knows what the boy does not know. This gap creates an irony throughout the story. Larry thinks that he is in the right, never realising that he is the selfish one. The author is brilliant in recreating the boy’s world. He explores the mind of the young boy and gives a vivid portra... Free Essays on My Opinion About Frank O'Connors â€Å"My Oedipus Complexâ€Å" Free Essays on My Opinion About Frank O'Connors â€Å"My Oedipus Complexâ€Å" My responses to Frank O’Connor’s â€Å"My Oedipus Complex† In Frank O’Connor’s short story â€Å"My Oedipus Complex†, we get a chance to explore the world of a little boy. In this story, Larry, a five-year-old boy obsessed with his mother suddenly sees a drastic change in his life when his father returns home from war. With abundant humour and considerable pragmatism, O’Connor depicts in this story the ‘Oedipus stage’ of a boy’s life alluding continuously and wittily to Freudian psychoanalysis. The focus of the story is the relationship between Larry and his father. It is witty and ingenious in the way it depicts the oedipal phase. The conflict arises when his father comes back from the war. Larry views his father as a stranger who suddenly steals his mother’s love and attention away from him. Larry is a very possessive, self-cantered and selfish boy. He despises the fact that his mother is paying more attention to his father. He becomes extremely jealous of his father and starts competing with him as only a five year old would know how. This creates a very hilarious situation and the readers are constantly amused by the absurdity of his actions. He is typically babyish and childish in his behaviour towards his father, mother and his brother Sonny. However, at the end, he finally comes to terms with his father and Larry moves from rivalry with his father over possession of his mothers love to reconciliation with him. The denouement or the unravelling of the plot of t he story is prompt but very plausible. The story is written by the older man who looks back and tells the story from the little boy’s point of view. The older narrator knows what the boy does not know. This gap creates an irony throughout the story. Larry thinks that he is in the right, never realising that he is the selfish one. The author is brilliant in recreating the boy’s world. He explores the mind of the young boy and gives a vivid portra...

Business Ethics - Rights and Obligations (U3DB) Essay

Business Ethics - Rights and Obligations (U3DB) - Essay Example The employer needs to protect his company – the business, and the whole workforce contributing to the life of the company. It is a prerogative of a job applicant to apply in any job because he is the one searching. If he wants to apply to a company, he must be ready to comply with its rules and regulations. The employer evaluates the credentials of an applicant to assess his abilities and skills if he fits to the job description he is applying for. If he gets hired, then the applicant will have to comply with the rules and regulations of the company. The use of drugs means there is a medical condition to cure or needs drug maintenance in order for the user to be productive in spite of the medical condition. The employer claims the right to know about his employee’s use of drugs, not for his personal agendas, but for the company’s welfare to assure that every worker works faithfully and accordingly. This is consistent to the moral philosophy based on consequences given that the employer knows his employee’s condition, he can find a way to support his employee by giving him medical benefits, and even adjust his work schedule that is best for both the company and the employee. Lest the employee conceals his medical condition and its effects affecting his mobility to the point of delaying business transactions, his employer will not hesitate to fire him for being a liability to the company. In conclusion, the philosophy based on consequences is therefore consistent to the statement â€Å"Drug use is information that is rightfully private and only in exceptional cases can an employer claim a right to know about such use.† The employer will base his decisions, either to give or refuse special employee benefits, according to work performance. An employee will not be given consideration despite of his condition if his employer does not have any knowledge of

Assignment Essay Example | Topics and Well Written Essays - 750 words - 18

Assignment - Essay Example We need to take action to stop them and come up with a much more reasonable and considered response to the problem. This is what informed and responsible citizens do: they work together, discuss ideas and come up with solutions that make sense to everyone. The Occupy movement has been a parade of fools so far. This is very unfortunate because there are social problems out there which require solving. Sadly, the Occupy movement has manipulated the homeless and used them as a rallying point. We need to take back our own public spaces from these people and we need to treat the homeless who truly need our help with real dignity and respect, and not use them as some sort of political pawn, as the Occupy organizers have been doing. Homeless people deserve to have a home and receive treatment. We need to ensure that this happens and they are not abused by those who would use them solely for political purposes. It is important for citizens like us to take a stand for those who are most vulnerable and whom no one else can help. Denver is a beautiful city with great potential. It is sad to see so much political energy being expended about homelessness which is only one of several issues facing the city. The people of Denver need to speak to their local representatives about these issues. We need to be very concerned about what happens in our public spaces. Downtown is a place for everyone. It is a place for families to enjoy themselves and for tourists to bustle about. It is not a place for constant political noisemaking and abuse. The citizens of Denver need to speak with one voice on this matter. Occupy and its shenanigans are not acceptable and we will stand up these criminals and clear the streets of their garbage if necessary. We all share this wonderful city. No one group or idea owns the city and can take control of our public spaces. Sadly, according to one

Historical events of the US Essay Example | Topics and Well Written Essays - 1250 words

Historical events of the US - Essay Example The conventional Protestant spiritual groups set up religious bases in Asia and Africa, as well as over 450 missions in China by the year 1900.The 20th century started with the US entangled in a severe and bloody war. However, that war is no longer remembered, a war that cost millions of dollars, thousands of lives and displacement of millions. ThePhilippine-American War that was fought between1899 to 1902 resulted in approximately 265,000 human deaths. Thewarassistedthe US establish itself as a military powerhouse in the Pacific regions. While the European powers were engaging themselves in the First World War (WWI), the then president of the US Wilson Woodrow was apprehensive that Germany might take up Haiti and destabilize the pathway leading to the Panama Canal. In order to assert and protect its interest, Wilson sent a few hundred US Marines and Navy men to Haiti. In 1898 and 1899, The US took over Hawaii and obtained the Philippines, Puerto Rico, and some parts of the Pacific I slands. Theexpansionraisedthesignificantquery of if their recently annexed states would be given the American citizens civil rights. HavingwonboththeSpanish-American War and Philippines War symbolized both an addition to earlier expansionist desires and a quick departure from suppositions that had steered American foreign strategy before. Fortheveryfirsttime, the US made significant strategic dedications in the Far East; acquiring regions that had never been planned for statehood, and dedicated itself to law enforcement actions.

Financing A New Venture On Entrepreneurs Point Of View Finance Essay

Financing A New Venture On Entrepreneurs Point Of View Finance Essay Introduction Starting a business is the dream of many people and the sole option to others. There are many reasons why a person would be willing to start-up their own company but independently of the reason, many of the new entrepreneurs get stuck right in one of the first and very important steps when it comes to start its venture: financial funds to do the jumpstart, also known for the term seed funding. It is vital to any type of company to have funds enough to start the business and hold the cash flow positive for the starting months until the company is able to finance itself. Many entrepreneurs are luckily enough to hold financial aids from personal savings or from the well known 3Fs: Family, Friends and Fools. Others need to lend money from outer financial sources, such as banks and government agencies. By lending money from others  [1]  , the entrepreneur is doing a commitment to pay the money back plus interests over the borrowed money. Other newer alternatives are the concept of business angels and venture capitalists whose invest in the start-up with the required amount of capital but they expect a portion of the company in return. Cite previous research in the area. It needs a bit more text to introduce the reader to the concepts we are going to present in the document. Background Financial institutions became an important mechanism of injecting money into all stages of businesses; from start-ups to expanding companies. Many literatures have written about available options in financing new business ventures and some interesting conclusions have been released; however due to the geographic focus of this work, there have not been found any similar work in which could replace this study. There are many available options widely used for entrepreneurs in developed countries to get money for start-up their businesses, but in the developing nations most people lack knowledge about new venture financing, therefore limiting available sources. Hence, this thesis will examine the most common options available in Brazil and Thailand and compare such options with the most used in the developed nations expecting to provide more insights to the entrepreneurs in the studying countries that out there are other available options. Definitions Limitation of the study Due to time constraints, it has been necessary to scope down the object of research to a narrowed picture. The study is focused on the financing of new venture in newly start-up product oriented business as it is in the field which match the writers personal interests. Additionally, there is a limitation in size that paper must accomplish. Moreover, the writers have intention of focus their study in developing nations attempting to find the pitfalls that prevent such countries to grow. Therefore been Brazilian and Thai, it is their personal willing to base the thesis in their nationalities. This study might not reflect the entire population of the countries due to the size of both nations. However, this thesis is an empirical study which tries to be as closest as possible of the reality. Countries Brazil Brazil is a developing nation South America, been the 5th largest country in the World both in territory and in population. It is a land of great biodiversity where lies the Amazon rain-forest which accounts for 20% of the words fresh water and oxygen generation. Brazil started to rise as a major economic power in the world stage after been nominated as part of the BRIC countries (Brazil, Russia, India and China) as the great powers of the globe by 2050. In terms of growth, currently Brazil is the 7th largest economy  [2]  in the planet in which main exporting areas are agriculture, mining, oil, manufacturing and services. Recently, its middle and higher classes overtook the number of poor setting the mark of 65% of the entire population  [3]  . The country is predicted to grow in fast pace, achieving in 2030 a quality of life of the population similar to the current in the major European countries. Thailand Thailand is located in South East Asia, been the 50th largest country and 21st most populous country in the world with approximately 65 million people  [4]  , and been the second largest economy in South East Asia after Indonesia. Thailands economy is mainly based on exports of rice, rubber, sugar cane and corn even though tourism plays big role. Because of its richness in natural resources  [5]  , Thailand have its own charming to attract foreign investors, and once had been called as the coming fifth Asians tiger. Initial financial aid To any new company, assets are mandatory. Even the simplest company would need some sort of asset, been human or other resources. Assets would be acquired in many manners, but the most common and easy way is to buy, lease, rent or hire, thus, paying in cash. Additionally, money is needed to keep cash flow positive and some spare for savings in case of an emergency. Furthermore, money is also needed in order to keep the company competitive in the industrial landscape. Therefore, for the great majority of companies, seed money is required in order to satisfy these needs. Focus on small business start-ups Small businesses are responsible for employing more people in developing nations than bigger corporations (show some study here). Additionally most of the developing countries have small businesses owned by nationals, hence leading to keep the money and profit of the company within the origin country. Moreover, most successful entrepreneurs has small businesses as a starting point, hence this study is rewarding in terms of possible usage by business owners aspirants in the referenced nations. Concentration in product oriented businesses Nowadays, businesses are mainly split between two major categories: services and product oriented. Services account for the biggest chunk of the pie, however products oriented business are the spark plug to trigger innovation and lead to further development. The choice for studying product oriented business over services is led by the desire of the writers in bringing innovation and entrepreneurship to their home countries. Additionally, there are personal interests in pursuing such business field in the near future. Surveyed entrepreneurs profile As part of the study, an online survey was conducted with product oriented manufacturing companies in Brazil and Thailand in which have survived from at least 5 years. A sample of 20 companies of each country spread onto different states were selected to take part of the survey, in order to make a more concise picture of the nation, not only focusing on particular regions. By selecting companies with at least 5 years in business, the authors ensures that the chosen entrepreneur has a successful business as it is known to be the baseline to consider the company successful. Objective This study has the main objective to elucidate the possible options of seed financing the entrepreneurs have, outlining the pros and cons of each given option and providing a basic guideline on how to obtain such investments. The outcome of this study should have enough information to the entrepreneur be able to select the most viable option of financing based on the nature of the business, required amount of investment and for how long it is expected to have the loan fully paid. Goals Review this text and merge with the above to shrink everything The final results which writers expect from this thesis are to obtain the knowledge based on the financial entrepreneur which related to the program study. Additionally, this paper would provide the reader information and statistical data regarding the available sources of financial institutions, pros and cons of each available sources, the trends of entrepreneur and their behaviours on financing new business venture in both Brazil and Thailand. Due to the analysis in this paper, writers are expected to summarize all data and provide the new possible method which could be match with people in both countries. The aim of this work is to show the various financing options to entrepreneurs whose want to form product oriented companies in Brazil and in Thailand and provide insights of the most financially viable options available in the studied markets. Literature Review Brief about entrepreneur and job creation It is widely known that the word entrepreneur comes from the French word emprendere which means to undertake in English. Joseph Schumpeter, an Austrian economist in summary has defined an entrepreneur as a person who creates wealth by combining various input factors in an innovative manner to generate value to the customer with the hope that this value will exceed the cost of the input factors. Additionally to that, it is understood nowadays that the entrepreneur is someone able to undertake challenges, innovate and create an organization out of it. Entrepreneurs have the power of creating companies. By starting point, normally the ventures created start small and expand along the way. Micro and Small companies employ the major part of the labour force within a country in the majority of the countries. As an estimation of the potential of the Micro and Small businesses in terms of job creation, 52% of all regularly employed people in Brazil in 2010 were employed by such companies size which accounts for approximately 13 million people, according to an employment study done by a governmental agency  [6]  . World Bank shows the very same percentage of employment for Small and Medium sized enterprises in Thailand according to a study done in 1997  [7]  . Figures can vary greatly on each nation, but normally numbers favours Micro and Small organizations than Medium or the bigger ones, thus showing the great importance Small and Micro business have in any country, specially in developing nations such as the ones part of our study. Forms of business entities Choosing the correct form of business entity is an important decision when starting a business. Not all entities are suitable for raising substantial amount of capital or are flexible enough to allow growth within the expected level. With a little forethought and the ability to understand the advantages and disadvantages of the different types of entities, the venture might have the capability to achieve the expected goals. The most common business forms are sole proprietorships, corporations, limited liability companies and partnerships which are briefly explained below. Sole Proprietorship From a literature written by Willam et al. (2000, page 5)  [8]  , a sole proprietorship is a business owned and controlled by a single person and paying the applicable taxes on his or her personal income tax return. A sole proprietor has unlimited personal liability for the debts and obligations of the business and cannot sell equity to fund operations or expand the business. As a sole proprietor, one can use debt to finance operations, but will be personally liable for the repayment. Corporation A corporation is a legal entity or person created to conduct business by acquiring assets, hiring employees, paying taxes and facing pertinent legal issues  [9]  , according to William et al, 2000, page 7. The corporation carries on business in its own name and shareholders, officers and directors, and the employees are not personally liable for its acts. A corporation has appropriate structure for long term life-time as the model allows a wide variety of financing options, hence allowing existences continuity. Partnership A partnership involves two or more people carrying on a business together and sharing the profits and losses  [10]  William et al, 2000, page 6. Depending on the level of ownership and/or agreement, all partners are expected to have similar liabilities, obligations and responsibilities. All profits and losses are passed through to the partners according to their percentage of ownership, even if the profits remain in the business to fund continuing operation or expansion. Stages of a regular business Business professors have different views in terms of which the stages of a company are. It can be argued as several or some however, it is concisely known that they vary from 3 to 6 stages, depending on each scholar point of view. Markova Petkovska-Mircevska, 2009  [11]  points us to 4 brief but yet well developed major stages in which a regular company may have in its life-time, which are explained below. Start-up stage The business is in the conceptual phase, yet in the entrepreneurs mind a precious diamond to be lapidated. In this phase, the entrepreneur has as main challenge to convince people. He or she needs to demonstrate his/her idea to potential investors and to potential human resources or employees that the company will succeed. Usually, at this stage, there is no company formed yet. Seed stage Here the venture starts to takes shape. Normally, production has not started at this point, however planning, sketches, prototypes and alliances are been created at this stage. Even though if the company has actually started producing or selling, the product/service still needs to prove it is sellable and profitable, thus still entering to the market. In this stage, the entrepreneur needs to ensure the venture will not run out of money as key resources (personnel or assets) are required. Human resources can be high skilled workers or a marketing professional, which are known to be key factors to a success story. Normally, the company is up to 1 year old since its foundation. Early stage In the early stage the firm is usually expanding, and producing and delivering products or services. It is often less than 5 years old and it may not yet be profitable. Expanding stage In the later stage, also called the expansion stage, at this level of development the firm is mature and profitable, and often still expanding. With a continued high-growth rate, it may go public within 6 months to a year. Types of firms Available start-up funding depends on its long term potential. There are three types of start-up firms  [12]  : lifestyle, middle-market, and high-growth potential firms; according to Markova Petkovska-Mircevska, 2009. Lifestyle firms provide only a living for their founders and accounts for approximately 90% of all start-ups. Due to their limited nature, they are unlikely to attract external financial funding, thus tending to be funded by the entrepreneur. Middle-market companies ranges on 8-9% of all start-ups. This type of firm start to attract external funding as the average growth rate is 20% annually. High-potential organizations are 1% or less of all start-ups. They are very likely to grow over 50% annually and their initial five year revenue projections are very high. Usually such firms demand multiple rounds of external funding from angels and venture capitalists. Financing stages of a new venture Financing may be injected at different stages of a business, per its demand of extra funds. As different businesses might have dissimilarity in growth pattern, many literatures have the stage of financing differently set. According to Singh, 2000  [13]  , the classification of stages of financing are as follow: Early Stage Financing Later Stage Financing Seed Capital Start-ups Second-round finance Expansion finance Replacement capital Turn-arounds Early stage financing Due to its high risk of failure (related to uncertainty of business), many private investors invest in this phase expecting high returns in the business profit. In addition, as the company is still conceptual, smaller amount of investment is needed which attracts investors. Seed Capital Stage Seed capital stage happens when the business start from the conceptual idea. Lucas Peraquito, 2009  [14]  give the description of seed capital funding as early stage where concept or product is under development and the business is not operational. In this seeding stage, there is great chance of failure. I.e.: the product fails to materialize into workable model or the market is not ripe for the product  [15]  as pointed out by Singh, 2000. Due to high risk and uncertainty on this stage, investors are very scarce and normally it is financed by the entrepreneur. However one of the main objectives of this study is to assess it. Start-ups After the idea or products prototype is proved possible for commercialization and there are some indications of potential market for the product, a business plan is developed in this phase as usually here the needs for investors becomes more prominent. Hence, capital investors will look for evidences of entrepreneurs track record and previous experience before join the venture. If there are funds enough, a prototype is developed and tested and feasible production line on initial samples lots is tested. By launching the first sample batch, initial sales can start. In addition, business owner and investors can take a market research on the first batch sales to predict more precisely the amount of investment needed for a full production. In this start-ups stage, risks are higher than seed capital stage because the investments are substantially higher. Second round phase In this stage, the product is in full production and available in the market. As the company is entering into the market and fighting for its market share, competition would start showing its face, forcing the company to strive for survival. Quite often, to survive in a competitive market, new business demands extra injection of equity-alike funding to maintain or exceed its advantages over the competitors. Later Stage financing According to Singh, 2000  [16]  , Later finance is a term used for funding established businesses, which have passed through the hazards of early stage financings, hence, usually less risky. On the other hand, the amount of investment is typically higher due to the companys profile and products value. Expansion finance After the companys core product is strong in the market and continuously profitable, an established business might decide to expand by organic growth or by acquisition. Organic growth means expansion of business into new product line or new markets. Acquisition implies to expansion in the same business field but increase in volume of line production. (It does not seem to be right.Give me this reference) Hence, business plan with effective future development is important to attract venture capital funds in this expansion stage. Replacement Capital Some venture capital companies invest into this replacement capital stage by purchasing existing shares from the entrepreneurs due to potential profit. The fund expects a reasonable income yield to those who sell shares to the fund. The funds are not directly financing the business but there is a possibility for future financing to assist companys expansion. Turn-arounds A turn-around refers to a recovery situation  [17]  . The recovery situation can occur in both early stages and later stage of a business development. Turn-around which occurred in early stage financing usually happen due to lacking of entrepreneur managerial skills or slow respond of market to the product. Later stage turn-around rarely occurs if experienced venture capitalists or business angels are involved. Investors who are willing to invest in companies in turn-around situations have to weigh whether the business has future prospects of profitable growth and if it worth the effort. Needs for external funds business finance option.pdf -> Check it to rephrase and quote the text below There are countless reasons why small businesses seek finance. It is also known that extra money can boost companys ability to deal more confidently, improve processes, quality, reach new markets, etc. Independently from the reason extra cash is necessary, three main phases of business needs more extra finance; which are: New businesses that are being formed these can be either started up from the ground or acquired by another firm. Existing businesses that have a trading history and simply require additional finance for expansion and growth. Companies with financial difficulties to keep in business. This can happen to any type or size of venture and the reasons why it happen is not in the scope of this study. A business can grow by either using internal or external sources of finance. Internal sources of finance include all net cash flows generated by the business, such as retained profit or sale of assets. External sources of finance include bank loans, sale of a part of the business to investors (e.g., venture capital firms, business angels), and leasing (long-term renting of equipment). External sources of finance have a number of big advantages over the internal financing options, however drawbacks do exist also. Starting up the business When the entrepreneur decides to start-up its venture, there will always be a time when he or she will go through the financial aspects of opening a new company. Lack of financial resources is quite often the main reason why great companies are dreamed but never leaves the papers in developing countries. With no money, the entrepreneur is normally unable to go much further than its initial plans as it is very difficult to gain resources  [18]  (not impossible though) with no cash at all. Expansion A business needs investments to grow. Even the most profitable companies cannot rely solely on reinvested profits to finance their expansion. Accordingly, a business needs to secure bank credit, partner with venture capital firms or in any other way to secure external sources of finance. External finance provides the room for faster growth, allowing the company to operate on a far bigger scale, capturing new markets and providing products and services to an ever greater number of customers. Greater Economies of Scale Large businesses are generally more efficient than small ones. They have a greater bargaining power with suppliers and they can spread their fixed costs, such as administrative expenses, over larger sales. This results in lower costs per unit of production, which, in turn, gives the company a competitive edge in the marketplace. External sources of finance help a company grow faster, achieving the economies of scale necessary to compete with the rival firms on regional, national, or even international levels. Financial crisis recovery Any company at any stage is susceptible to get into financial trouble. The reasons why it might happen is infinite. It can be an outer issue happening in the government level, market level or even globally level. It can be due to an internal flaw committed by the higher management or a key employee that decides to leave the company. It could even be due to a machine that breaks down and turns to major issue, leading the enterprise to trigger a financial crisis. Thus, when such things happen, extra money (if not saved) is required to bring the organization back to its rails making it profitable again. Financing options trends Most common financing options Debt or equity When entrepreneurs consider to start or to expand their business, quite often external funds are pursued. It might come from individuals or companies that can provide a loan or direct investment to the venture, always looking for a future compensation. Investors or other financial sources can get return by two distinct ways, by debt or equity. Debt financing Debt financing usually occurs when you make a loan from a lender has been written by Duncan M. Chembezi (page 1). The loan will be used as capital injection in the business and need to be repaid over a period of time. The loan from each financial sources would have different terms and condition in clear repayment schedules and a set interest rate. Advantages The primary advantage of debt financing is that the entrepreneurs still retain total ownership of their businesses  [19]  . The benefit from having full ownership is that the entrepreneur can make strategic decisions, keep profit and reinvest it in the business. Other major advantages is that debt obligation will limit only in the repayment period which differently from equity finance where a percentage of ownership will not end until the investor sell its shares on the businesses. Disadvantages The major disadvantage of debt financing is the requirements which the entrepreneur needs to address before filing to a loan plus the interest rates to be paid on regular instalments to the lender. Hence, small business which has low cash flow might face difficult to re-pay the debts regularly. Most lenders might charge penalties for late payments which include charging fees, taking possession of collateral, or calling the loan due early. Moreover loans are usually available only for established companies. Start-up business might find it difficult to get a loan granted due to their business high risk and low (or no) company profile. Equity financing Equity capital implies to money that you and any of your business associate(s) inject directly into the operation  [20]   Chembezi. Contributors of equity capital would receive shares in the business as a compensation for the investment made. Advantages Equity financing provides extra capital into the business without the requirement of repayments and payment of interests as compensation. Hence, the equity is added into companys net value, improving the financial stability of business and its ability to obtain debt financing if still required. It can also result in outside expertise being added to the enterprises management or board. Disadvantages Equity financing is a permanent investment which reduces entrepreneurs ownership, thus its ability to control the business. Additionally, profits of the business are shared among the shareholders or equity investors. Internal and external sources of funding Funds can be acquired from a variety of sources however all of them will always be from two different types of sources: internal and external funding. Internal funding are funds available within the organization such as: personal savings, retained profits, bootstrapping and Family Friends and Fools (3Fs). External funding is money that comes from a source which is outside the company. External sources of funding can be countless, however the most common are: bank loans, Angel investors, Venture Capitalists, Government Agencies and general partnership. Internal funding Advantages Possibly internal funding would be the best option to any entrepreneur. Keeping your finances internally and controlling it yourself or within the organization means that one will keep ownership of your business without external unwanted interference. Moreover, by keeping the financing internally, the entrepreneur has the opportunity to grow sustainably and consistently. Disadvantages Although the many advantages of using internal funding, some drawbacks do exists. By using internal money for start and grow the company, it is inevitable that more money will be needed to keep the organization financial healthy. Such money is always needed to keep a balanced cash-flow and allow growth; therefore, using internal money either from the entrepreneurs savings or from the companys profits might constraint growth or imbalance the financial stability of the venture. External funding Advantages By taking external money the entrepreneur is possibly bringing more expertise to the company as if money is secured from business angels, venture capitalists or general partnership people with similar interest in having the company succeeding will try to help the entrepreneur, been many of them very well known in the market the entrepreneur is pursuing the venture. Moreover, by getting funding from the mentioned sources or from government agencies, one will need to get well prepared for presenting and pitching the idea, therefore leading to a better preparation of the entrepreneur in terms of the business itself by elaborating a more concise Business Plan and getting extra knowledge that shall be necessary when presenting. Disadvantages It is known that getting other entities along with the new company a payback to these must be done someh

Essay on Hidden Conflict in Eudora Weltys A Worn Path :: Worn Path essays

Hidden Conflict in A Worn Path In Eudora Welty's "A Worn Path" the conflict was not apparent at the very beginning. What was a poor, elderly sick woman doing gallivanting in the forest during the dead of winter? The reason became clear towards the conclusion of the story as the action revealed that the conflict was obtaining the necessary medicine for her grandson. When this conflict became obvious, another question came to mind. What kind of society did this woman live in that she had to go all the way from her home in the countryside to the city by herself to get the medicine? The conflict being illustrated is that of an individual versus society and the four problems that Phoenix faces as a result of this was her old age, her health, her grandson's health and her state of poverty. "Her eyes were blue with age. Her skin had a pattern all its own of numberless branching wrinkles..." (paragraph 2).    This quotation was one of many indications of Phoenix Jackson's old age.   Normally, in society there are benefits for the elderly and thoseof the golden age. There are various organizations that help people who are over the age of sixty-five. They also provide various services towards them such as meals on wheels. Was there not someone who could have delivered the medicine to this woman of nearly 100 years of age? Perhaps Phoenix Jackson was too shy or had too much pride to ask for a service of that nature. The doctors from the medical building knew about the condition of Phoenix's grandson and did nothing to try and help. This showed the lack of respect that was present in the society. In today's society, someone of that age commands and deserves the proper respect.    "She carried a thin, small cane made from an umbrella, and with this she kept tapping the frozen earth in front of her," (paragraph 1).      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The next conflict that plagued her is that of her health. In the preceding quotation, there was one important note that   readers shouldtake into consideration. The fact that she kept persistently tapping the earth in front of her could only indicate one thing-that she was visually impaired. She may not have been completely blind, but she had to have been substantially impaired to have kept tapping her cane in a redundant manner.

Estrangement: Political Philosophy and Good Life Essay

Chapter two of Glenn Tinder’s, â€Å"Political Thinking: The Perennial Questions† on estrangement and unity asks us whether we as humans are estranged in essence. This question really sets the tone for the rest of the book, because if humans are estranged then we would not be living together in societies, therefore not needing political science to answer such questions that deal with societies. As Tinder describes it, † politics is the art of reconcilliation, and that the need for this art always arises from some kind of estrangement†(23). Tinder’s point does not answer the question of whether or not we are truly estranged in essence, that would be to easy! It merely suggests that with humans living in societies estrangement arises, not that we are estranged in essence. By deffinition estrangement signifies alienation: a separation from hostility. And it is derrived from the latin word extraneare: to treat as a stranger. So do humans by nature treat others as strangers, are they alienated from one another at there core? Tinder attempts to show us two such philosophers who would show us the two sides of this argument so that we may gain clarity and decide the essence of humans with the knowledge of great thinkers as our foundation. Those two great thinkers are Aristotle who believes that humans are not estranged, and Thomas Hobbes who subscribes to the idea that humans are estranged in essence. So with these two thinkers as the backbone of this debate we can get to the bottom of the question at hand. The seminal philosopher in the argument that humans are not estranged is Aristotle. In Politea, Aristotle states that: .. by nature man is a political animal. Hence man have a desire for life together, even when they have no need to seek each other’s help. Nevertheless, common interest too is a factor in bringing them together, in so far as it contributes to the good life of each. The good life is indeed their chief end, both communally and individually; but they form and continue to maintain a political association for the sake of life itself. Perhaps we may say that there is an element of good even in mere living, provided that life is not excessively beset with troubles. Certainly most men, in their desire to keep alive, are prepared to face a great deal of suffering, as if finding in life itself a certain well-being and a natural sweetness. (Aristotle, Politics Book II) If man indeed is a political animal, and our commmon interest does bring us together in the hopes of having â€Å"the good life† or eudeamonia then it seems somewhat impossible be estranged in essence. For, by the deffinition aforementioned of being estranged man would not and certainly could not live together, and certainly not for institutions to keep those bonds strong. Afterall who in their right mind would enjoy or choose living in a state of hostility. Aristotle would almost certainly dissapprove of this version of nature. Living in a state of hostility for him would be almost a tyrannical form of life with fear as the tyrant itself. Since Aristotle ultimately approves of a Monarchy aiming at the common interest he admits that humans do suffer from feelings of estrangement but that a single outstanding man (or small group) can, through reason, render useless feelings of estrangement in a society by way of distributive justice. Meanwhile, Thomas Hobbes asserting his viewpoint of pre-political man as a war, â€Å"of every man against every man† (Leviathan) he has little faith that man is not estranged. Hobbes alleges that the life of a man in his pre-political condition is, â€Å"solitary, poor, nasty, brutish, and short†(Leviathan) which certainly indicates a level of hostility that would prevent, even condemn, man to be able to live together in a society. In Hobbes’ world evrery man would be in constant fear of other men taking from them their freedom to do whatever they please and their liberty to live. Hobbes basically implies that man in the state of nature is in such a horrible condition that we actually seek peace through coming together under a social contract. Hobbes suggests that to get out of the state of nature that men must build a leviathan (government) that can sustain a social contract. Since Hobbes has such little faith in us to rule ourselves democratically, he suggests that an absolute elected monarchy would best suit us. This is an interesting choice because, he implys that we need a single man who can rule absolutely to battle forms of estrangement. In other words if we were left to our own devices with out the control of an absolute monarch we would kill ourselves. Fear has a lot to do with estrangement because people who are estranged live in fear of hostility from strangers. Hobbes is quoted as saying † fear and I were born twins†. Since fear is spawned from estrangement it is easy to see how Hobbes would not trust human nature in any sense of the word.

Tourism At Sabah In East Malaysia Tourism Essay Essays

Tourism At Sabah In East Malaysia Tourism Essay Essays Tourism At Sabah In East Malaysia Tourism Essay Essay Tourism At Sabah In East Malaysia Tourism Essay Essay Sabah its one of the provinces located in East Malaysia is known as Land below the Wind , because of its location merely south of the typhoon-prone part around the Philippines. Sabah is Malaysia s northmost province and together with Sarawak and it is cragged with exuberant tropical rain woods and its population of about two million is made up of 32 colorful cultural communities. Known largely for its two Mountains ; Mount Kinabalu, the submerged mountain of Sipadan or Layang Layang Island absolute isolation will adore this topographic point with beautiful positions of the environing sea with Gomantong Caves are a group of limestone caves every bit good cognize for its high valued birds nest. Entree to Malaysia eastern gateway is through Sabah s capital, Kota Kinabalu, which receives flights from Kuala Lumpur, Johor Bahru, Kuching, Singapore, Hong Kong, Manila, Brunei, Jakarta, Seoul, and Taipei. Domestic travel in this huge province is via day-to-day flight s between Labuan, Sandakan, Lahad Datu, and Tawau, though big countries are still unaccessible. A rail web stretches from Kota Kinabalu to Tenom, and coachs, taxis, and boats are besides available. Sabah is an enrapturing mosaic of cultural diverseness with at least 30 groups with their rich civilizations and interesting traditions and utilizing more than 50 autochthonal linguistic communications and non less than 80 dialects.A The chief cultural groups are: the Dusun and Kadazan the largest group who make up about one tierce of the population, the Murut, the Paitan and the Bajau. Other autochthonal groups include the Bonggi, the Iranun, the Idaan and the Brunei. In add-on, the Chinese make up the chief not autochthonal group. Therefore, the people of Sabah are varied in their several cultural backgrounds. The tamu, a hebdomadal unfastened bazar, offers a vivid glance into the colorful blend of local civilizations. The tamu is where indigens gather to merchandise in farm green goods, local oddities, handcraft, nutrient and even American bisons. Kota Belud is a favorite topographic point for tourers to capture this alien juncture. Presents, Sabah has blossomed into a booming commercial Centre and vacation finish. A short boat-ride off takes one to the islands of Tunku Abdul Rahman park, a oasis for bivouacing and sea athleticss for all coevals. Tropical Beachs As we know Sabah is a fantastic chance to loosen up and wind off on a privy tropical beach or honkytonk at Jacques Cousteau s favourites tropical island honkytonk topographic point and the Caribbean Islands may be the current popular pick for an ultimate Tropical Island Vacation but Sabah offers a genuinely complete tropical island holiday bundle as it is a land of tropical admirations from ocean deep to mountain high. The 1st popular topographic point in Sabah is the topical beach. Where you can merely idle around underneath a coconut tree on your deck chair with your to a great extent sun-tanned organic structure soaking all the tropical Sun you can acquire, a cocktail in one manus and a good book in the other, white and soft sand beneath your pess, the sound of the ocean waves repeating in the background, and sea gulls go throughing by above you, your head will be relax and bury all the busy s life in the metropolis. Sabah has an copiousness of first-class tropical beaches that can do your dream tropical holiday a world. Most of the best beaches with developed substructures are located in the West Coast of Sabah. Tropical Island Beside that the TAR Marine ParkA is besides is one of the perfect tropical islands in the whole of Borneo for the Sun and sea lovers, this is because they are all good sheltered from the unsmooth Waterss of the South China Sea and most islands are good developed in footings of tourer installations to supply a memorable tropical island holiday of a lifetime.A In the other manus Sabah has legion pickup locations where you can remain at quaint seaboard adjustments or chalets. The best topographic point for a tropical holiday pickups have to be at the 5-starA Tropical Vacation ResortsA pickups such as Shangri-La s Rasa Ria Resort and Nexus Karambunai Resort, both at Tuaran, about about 40-50 proceedingss drive from Kota Kinabalu, the capital metropolis of Sabah. Nestled far off from the metropolis life, both international criterion resorts are perfect for a great tropical holiday getaway.A An alternate scene for a tropical pickup is at the many idyllicA Tropical Island VacationA pickups such as the nearby islands off Kota Kinabalu seashore at Tunku Abdul Rahman Marine Park. However, if you are looking for a simple and quaint location out of the metropolis or if your budget is a spot tight, you can still bask a truly brilliant tropical holiday at budget-typed tropical seaboard pickups. Tropical resort In Sabah got five best tropical resorts. Shangri-La s Tanjung Aru Resort, Kota Kinabalu. Shangri-la s Rasa Ria Resort, Tuaran Nexus Karambunai Resort, Tuaran Nexus Karambunai Resort, Tuaran Pacific Sutera Hotel, Kota Kinabalu Shangri-La s Tanjung Aru Resort, Kota Kinabalu is located near airdrome and merely necessitate around 10 minit from airport.It is the prototype of the Shangri-La best.It boats some 495 charming suites all equipped with the modern installations. Shangri-la s Rasa Ria Resort, Tuaran is situated at Pantai Dalit, Tuaran and need about 40 proceedingss drive from Kota Kinabalu, the capital metropolis of Sabah. The Shangri-La s Rasa Ria Resort besides located at the point where the jungle meets the sea and surrounded by 400 estates of tropical gardens. Nexus Karambunai Resort, Tuaran is located 30km North East of Kota Kinabalu, the capital of Sabah on a privy 45 estates of tranquil, natural beauty on the Karambunai Peninsular with fantastic white and flaxen beaches. Nexus Karambunai Resort, Tuaran which Sprawling on 384 estates of premier sea-front land with the olympian Mount Kinabalu as its background in Kota Kinabalu, the Magellan Sutera Hotel, a resort within the Sutera Harbour Resorts and Marina locality, is far more than merely superb excellent tropical holiday resort. Although it is close to the metropolis centre, the Magellan Sutera Hotel can besides easy be a tropical holiday retreat for those who believe in botching themselves with the delectations of Borneo s celebrated cordial reception. The Pacific Sutera Hotel can be the best described as a cost-efficient tropical holiday resort. Although it is positioned a spot further from the beach country and appears to look more like a concern hotel compared to the nearby the Magellan Sutera Hotel, do nt be fooled by its visual aspect. Adventure Vacation In Sabah got the escapade holiday from soft to hard as it will convey you a assortment of adventure holiday activities that is non merely alone to this part but besides can unparallel in quality. The escapade got similar mountain mounting it will suppress with comparative easiness the olympian Mounnt Kinabalu, the highest extremum in South East Asia.In Mount Kinabalu you do non necessitate any particular accomplishments or mountaineering cogwheels. White Water Rafting is a brave escapade which is the tickle pinking sit down the river rapids on a White Water Rafting escapade. Along the more ambitious Padas River ( Grade 111-1V moderate rapids ) or the household Kiulu River ( Grade 1-111 simple rapids ) . Jungle trekking is an escapade takes a guided hike/trek through million old ages old rain forest at Danum Valley or Maliau The Lost World Basin. Borneo s rain forest is the oldest in the universe at around 130 million old ages compared to the 60 million old ages old Amazon rain forest. River Cruise is an adventure take a boat sail along the Kinabatangan River, the longest river in Sabah, it is for a merriment filled nature escapade on an ox-bow lake and to seek for the elusive Proboscis Monkey and other wild life. Scuba Diving Vacation Sabah is fast deriving popularity as the latest Prime Minister Scuba Diving Vacation finish in the universe. The alien Malaysian province has some of the best dive musca volitanss in the part every bit good as worldwide. Besides the world-famous Sipadan, and its neighbouring islands like Mabul and Kapalai near Semporna in the East Coast of Sabah, the other top musca volitanss include Lankayan near Sandakan, and Layang Layang, situated some 300km off the West Coast of Sabah. Scuba plunging Vacation at Sipadan, Mabul, Kapalai is three first dive finishs located within sight of each other are situated in the East seashore of Sabah.Sipadan is the most good known, it is the legendary island of polo-necks. Mabul is an enrapturing island where every coconut tree has its ain figure. Kapalai is an island resort built on piles in the center of the sea The standard dive bundle will include 3 boat dive combinations a twenty-four hours with professional a Divemaster every bit good as limitless beach honkytonks ( minimal 1 hr surface interval ) . Diving boat and basic plunging equipments such as armored combat vehicles with air, weight and weight belt will be inclusive. Scuba plunging holiday at Lakayan is regarded as the new plunging frontier in Sulu Sea off the North-Eastern seashore of Sabah. A jewel-like bantam island in the Sulu Sea and hr and a half boat drive s North of Sandakan, Lankayan has been declared portion of an huge Marine Protected Area. Its dive sites are all within proceedingss off from one another and self-praise incredibly colourful macro zoology, intriguing wrecks such as the Lankayan Wreck , which was an ocean traveling fish poaching vas suitably demised in the country of its illegal activities. Lankayan is a virtually uninhabited island but there is one little resort that offers an adjustment service. Scuba Diving Vacation at Layang-Layang, it known as the Jewel of the Borneo Bankss , Layang Layang is a little pelagic atoll 14 sq kilometer in diameter stick outing some 2000m from the Ocean deepnesss, doing it a wall plunging Mecca. The exact location of Layang Layang is 7.5 grades north of the equator and 114 degree E of the acme, right in the center of ancient South China Sea, 300km North West off the seashore of Sabah. Besides its astonishing honkytonk characteristics, Layang Layang is besides renowned as a bird sanctuary, situated on the other terminal of the island. As for adjustment, there is merely one resort on the island. The Layang Layang Island Resort is a modest three-star resort with 76 suites and 10 suites. Its tropical hardwood constructions and the similitude of a traditional Longhouse exude an alone sense of cordial reception and heat. National Park Vacation Sabah besides provides a really alone and nice experience of national park holiday. In Sabah, there is two celebrated national Parkss which is Kinabalu National Park and Mesilau Nature Park. Kinabalu National Park is about 90km or two hours drive off from the capital of Sabah, Kota Kinabalu. It is a fantastic topographic point that Lashkar-e-Taiba you enjoy the green environment with refreshing and cool mountain air which can allow you wholly bury about busy life of urban metropolis. Kinabalu National Park is one of the richest diverseness of works, animate being, insect and bird life in the universe which is good protected since 1964. Inside this national park, we can besides establish the universe largest hurler works, Rajah Brooke and universe largest flower, Rafflesia. Mesilau Nature Park merely off from Kota Kinabalu about 108km and within Kinabalu National Park, approximately 30 proceedingss by route. This nature park is about 2000 meters above the sea degree. In this park, there is a highest golf class in South East Asia, Kundasang Mt. Kinabalu Golf Course which is portion of beauty scenic position of Mesilau Nature Park. The dramatic positions of the Kundasang vale with terraced hill inclines planted with Highlandss veggies besides another attractive force for nature lover. Nature Tour Sabah is a truly nice topographic point for a absorbing nature circuit. No affair island or national park or tropical holiday, Sabah certainly provides you a circuit with gustatory sensation of nature and eco friendly. There is a one hundred sixty 1000000s old ages old rain forest which older than the Amazon, the Danum Valley. Go for a jungle trekking inside it certain gives you an ultimate experience with good vegetations and zoologies. Enjoyful soft escapade is besides available at the top of national park. Another unforgettable nature experience is go for a River Safari journey on a boat. Rich and colourful multi-cultural of Autochthonal Peopless must be discovered during trip to Sabah. Family Vacation Escape from busy metropolis life, convey your household and spend twosomes of dark at Sabah might better relationship among your household members. It must be a great experience to hold a soft escapade in controlled escapade holiday site with household. Wild Adventure By holding a over 100 1000000s old ages old rain forest, Sabah certain provide a great experience by wild escapades. Breathtaking sights of rare wildlife such as the Sumatran rhinoceros and the Asiatic elephants are available at the Lost World . Take a river sail to witness nature s Christmas Lights, fire beetles which all around inside the rain forest or catch a glance of the long-nose Proboscis Monkeys must be an unforgettable experience. Decision Sabah is a fantastic topographic point to see or remain in particularly to those who like the nature really much. Amazing gifts from the God are to the full and good protected here. Impressive scene in Sabah will do every tourers who of all time been there a unforgettable experience and autumn in love with it, Sabah.

Correcting Errors in Subject-Verb Agreement

Correcting Errors in Subject-Verb Agreement Here we will practice applying one of the most basic and yet also most troublesome rules of grammar: in the present tense, a verb must agree in number with its subject. Put simply, this means that we have to remember to add an -s to the verb if its subject is singular and not to add an -s if the subject is plural. Its really not a hard principle to follow as long as we can identify the subject and verb in a sentence. Lets have a look at how this basic rule works. Compare the verbs (in bold) in the two sentences below: Merdine sings the blues at the Rainbow Lounge. My sisters sing the blues at the Rainbow Lounge. Both verbs describe a present or ongoing action (in other words, they are in the present tense), but the first verb ends in -s and the second one doesnt. Can you give a reason for this difference? Thats right. In the first sentence, we need to add an -s to the verb (sings) because the subject (Merdine) is singular. We omit the final -s from the verb (sing) in the second sentence because there the subject (sisters) is plural. Remember, though, that this rule applies only to verbs in the present tense. As you can see, the trick to following the basic principle of subject-verb agreement is being able to recognize subjects and verbs in sentences. If thats giving you a problem, try reviewing our page on the Basic Parts of Speech. Here are four tips to help you apply the principle that a verb must agree in number with its subject: TIP #1 Add an -s to the verb if the subject is a singular noun: a word that names one person, place, or thing. Mr. Eko drives a hard bargain. Talent develops in quiet places. TIP #2 Add an -s to the verb if the subject is any one of the third-person singular pronouns: he, she, it, this, that. He drives a minivan. She follows a different drummer. It looks like rain. This confuses me. That takes the cake. TIP #3 Do not add an -s to the verb if the subject is the pronoun I, you, we, or they. I make my own rules. You drive a hard bargain. We take pride in our work. They sing out of key. TIP #4 Do not add an -s to the verb if two subjects are joined by and. Jack and Sawyer often argue with each other. Charlie and Hurley enjoy music. So, is it really that simple to make subjects and verbs agree? Well, not always. For one thing, our speech habits sometimes interfere with our ability to apply the principle of agreement. If we have a habit of dropping the final -s from words when we talk, we need to be particularly careful not to leave off the -s when we write. Also, we have to keep a certain spelling rule in mind when adding -s to a verb that ends in the letter -y: in most cases, we need to change the y to ie before adding the s. For example, the verb carry becomes carries, try becomes tries, and hurry becomes hurries. Are there exceptions? Of course. If the letter before the final -y is a vowel (that is, the letters a, e, i, o, or u), we simply keep the y and add -s. So say becomes says, and enjoy becomes enjoys. Finally, as we see in our page on Tricky Cases of Subject-Verb Agreement, we have to be particularly careful when the subject is an indefinite pronoun or when words come between the subject and verb.

Group Ariel Essay Example | Topics and Well Written Essays - 750 words

Group Ariel - Essay Example The Group Ariel Company is recycling old equipment situated in Mexico. The management will need to apply the pesos to compute the company’s cash flows to ensure that they comprehend the manner in which the intended project will affect their finances. Additional for easy computation, the pesos should be converted into the Euros. This study analysed the NPV of the Ariel Mexico by deducting the value of manual machine from the value of the new machine (LAAN, & TEUNTER, 2000). Then the incremental cash flow will be represented as positive figures since the reduced value is equivalent to the cash flow. The next step was the deduction of the depreciation costs from the incremental sum costs. It is imperative to note that the fist initial three years of depreciation involved depreciation from the new machine and the remainder listed depreciation of the old machine. A deduction of 35% tax was done from the cash flow, and then the depreciation was added in order to signify the tax shie ld. For the company to calculate the project’s NPV in Euros, there is need to apply the future spot exchange rates. This can be done by dividing the peso NPV by the present spot exchange rate. Since the cash flows are discounted differently from 2008 up to 2011, then the rate of 8% of 2011 can be used to discount since it forms an average of the fours year period. It is imperative to note that computation of the present values of projects such as the Ariel Mexico can take two different ways which consider the variation of rate and risk attributed to the foreign currency. The significance of computing the NPV is to analyze the project managers or investors foresee great variations in the currency. In essence, the Group Ariel should discount the cash flows by using the foreign cost capital if the value of capital is valued in a rational manner (GOLLIER,

Quality Assurance Essay Example | Topics and Well Written Essays - 4250 words

Quality Assurance - Essay Example Causes of shortfall in quality of air traffic control operations will also be identified to enable the management develop counteractive mechanisms to avoid future quality failures. The paper will recognise the role of quality improvement processes in ensuring NATS improves its service delivery. Strategies of managing and communicating quality improvements will be discussed in order to enable the management understand proper ways of creating awareness concerning quality improvements. Service quality primarily compares the expectations of air traffic control operations with its actual performance. The quality of a service determines the extent to which a service is tailored to meet the needs of customers (Summers, 2009). Principles of quality management are relevant to air traffic control operations since they encourage various institutions to focus on service features that can meet customer specifications. The quality of air traffic control services is determined by the strategies that navigation institutions adopt in performing their services. NATS witnessed the biggest shortfall in its service quality on December 7, 2013 caused by a breakdown in IT systems. NATS can address quality service problems through quality management processes including quality improvement cycle, total quality management, business process re-engineering and benchmarking. It is critical for NATS and the industry of air traffic control to ensure proper management and communication of qua lity improvements to both employees and customers using the tools of quality management. NATS has the potential for achieving competitiveness in service quality if the management embeds quality in its organisational culture. NATS has witnessed widespread teething problems caused by catastrophic failures of its software management systems. Passengers experienced 130,000 minutes delay with approximately 1,300 flights facing a severe delay.