Thursday, August 27, 2020
Greek and Roman civilizations Essays
Greek and Roman human advancements Essays Greek and Roman human advancements Essay Greek and Roman human advancements Essay From the beginning of time there have been numerous extraordinary domains. Be that as it may, none have had a more prominent effect than the Greek and Roman domains. These domains started as little city-states, and developed to turn into the amazing realms we know today. The Greek and Roman domains were not generally foes, considering the Romans were incredibly Influenced by the Greek culture. The two collocations shared numerous similitudes, however had various feelings on government tasks. There are three unique periods that length the historical backdrop of the Greek and Roman realms; the Hellenic, Hellenic, and Roman human progress. I will completely analyze the distinctions in religion, reasoning, cultural battles, an area development, exchange, business and the decay of each timeframe of these civic establishments. Hellenic Period The Hellenic time frame is frequently alluded to as the Age of Classic Greece. The Age of Classic Greece began in 507 B. C. E. What's more, went on until the passing of Alexander the Great In 323 B. C. E. This was a period of war, struggle, and advancement. The contention began when the Persians endeavored to take Greece. The Persians Intended on extending their realm and they turned their eyes onto Athens. After a few fights the Athenians and the Spartan cooperated to overcome the Persians, finishing the war in 449 B. C. E. After the war the Athenians started to concentrate on their governmental issues, economy, and culture. In 507 B. C. E an Athenian aristocrat named Calisthenics made another arrangement of resident self-administration called just. In this early law based framework, each male resident that was more established than 18 had the option to join the alkies, or get together. Alkies was the administering parts of Athens. Different administrators were picked aimlessly, not by political decision. : During the Persian war. Athens was likewise ready to shield their far off Greek domains from Persian impact by making a collusion names the Delia League. After the war the Delia League helped drive Athens into the incomparable Imperial powerhouse they are known for. The Hellenic age likewise depended vigorously upon Its commanding society. During the Age of Classic Greece numerous Athenian specialists and masterminds developed. Craftsmen and scholars of this time have made numerous significant commitments to the manner in which western human advancements are hurried right up 'til the present time. The lessons of logicians, for example, Socrates, Plato, and Aristotle have overwhelmed thought for spouses of years and keep on staying applicable right up 'til today. The craftsmen of this time manufactured numerous sanctuaries and models to revere the divine beings. The polytheistic Greek religion had a significant influence in the Hellenic time frame. Any individual who to such an extent as addressed or purportedly scrutinized the presence of the divine beings was dependent upon capital punishment. Indeed, even with these social progressions the Athenians couldn't keep political strength, welcoming on the Peloponnesus war. The Spartan waged war against the Athenians and they were no match. The thrashing of the Athenians carried confusion to the previous domain, permitting the Macedonian King Phillip II and Alexander the Great to overcome Greece. Hellenic Period The Hellenic time frame was basically the development of the Hellenic time frame. The word Hellenic originates from the word Hellenize, which intend to talk or relate to the Greeks. Before Alexander the Great died, he constructed a realm that I OFF was made in the range of 13 years. Alexander the Greatest officers split his whole domain up after his demise, making three administrations called the Eclectics of Syria and Persia, the Ptolemaists of Egypt, and the Antagonist of Greece and Macedonia. These three lines were not joined together, yet they had numerous things in like manner. The entirety of the Hellenic states were managed by Kings who just wanted wealth and ubiquity. The traditions endeavored to make exchange connections that spread all through the domain officially known as Alexandria. They made a point to put their riches out in plain view, building elaborate figures, making enormous gifts to exhibition halls and zoos, making extreme models. The individuals streamed easily all through the Hellenic realms essentially in light of the fact that they talked and read a similar language. Regardless of where an individual originated from in the Hellenic locales, they had the option to speak with anybody. Indeed, even with everybody associated there was as yet social issue because of the unexpected change in government strategy. Individuals were effectively included oneself administered popularity based administration of the past. Since residents were indeed living in indifferent realms administered by civil servants, they began to feel estranged. The Hellenic craftsmanship and writing communicated the sentiments of the residents. They started to shape and paint real individuals rather than the divine beings their ultra was so based on. The residents additionally started to Join irregular religions that guaranteed everlasting status and individual riches. Indeed, even Hellenic scholars concentrated their time on lecturing about individual bliss and joy. The Hellenic time frame was an age administered by corporate greed and cosmopolitanism. The Hellenic age finished at the Romans feet when the Roman Octavia vanquished marc Anthony in the fight at Actinium. Roman Empire The Roman history started with two regard divine beings known as Romulus and Reams. Romulus and Reams were the twin children of Mars, the divine force of war. Roman history dates that Romulus in the end murdered his sibling Reams and was simply the principal ruler of Rome, named after himself. As Rome kept on creating it lost its government style government in 509 B. C. E and formed into a republic known as the Republic of Rome. Under the new republic government Rome kept on creating both socially and mechanically. Rome was even caught fire in 390 B. C. E and wound up bouncing back and assuming control over the whole Italian landmass. Rome was engaged with a progression of wars known as the Punic Wars with Cartage, which was another ground-breaking city-state in northern Africa. They wound up crushing Cartage in every one of the three wars and extended their republic. This extension lead to the Romans going onto contact with further developed societies like the Greeks. Romans profited incredibly from their contact with the Greeks, embracing their specialty, reasoning, and religion. After contact with the Greeks, the Romans started to build up their way of life exponentially, making policy driven issues. As the old methods of government started to tumble to the waste side disturbance and savagery started to blend inside the Republic. Warlords started to command Rome and battle against one another for all out mastery. Rome changed perpetually when a man named Octavia rose to control by vanquishing all of Romeos provenances. Octavia was the principal Roman sovereign and expected to job of Augustus. The Augustus reestablished Rome to its previous greatness and finished the entirety of the defilement that had occurred previously. He introduced another time for the Romans by However as created as their way of life had become the Romans couldn't get away from themselves. After the main Augusts passed, Romans were plague by common wars. These common wars lead to expansion and the loss of provisions individually. Rome tragically crumbled under its own weight. Unfit to appropriately guard itself Rome tumbled to a German ruler named Advocacy, who prevailed upon control the Roman armed force in Italy. End Great human advancements have traveled every which way through Greece, leaving an effect from the beginning of time that keeps up important today. These societies began as little city-states, forming into extraordinary domains. The effect that these societies have had on our western human advancement is obvious, from craftsmanship, writing, to the improvement of our way of life. These societies made ready for the numerous societies that followed.
Saturday, August 22, 2020
The 3 piglets Free Essays
Three little pigs story and film In the film of the three little pigs there were a lot of likenesses from the book to the film. In the book the three little pigs they all had attempted to fabricate various sorts of houses and they additionally did in the film. In the book and the film neither of the piglets had companions. We will compose a custom paper test on The 3 piglets or on the other hand any comparable theme just for you Request Now Additionally the book and the film both had the fraud. The wolf was very sharp and convincing towards the piglets in both the film and the story. The wolf additionally state his renowned line in the film that he says in the book ââ¬Å"If you don't open this entryway I will spat and puff and blow your home downâ⬠. Between the film and the book there were a lot of contrasts. The piglets had various names in the film too. The setting was even extraordinary. The setting of the film occurred in ââ¬Å"Camp Peggyâ⬠and the setting off the book was in the forested areas. The primary pig name was Emerald Sucker-pork she was exceptionally well off and she didn't ave numerous companions since she had whatever each other piglet had however twice so much. It is sheltered to state that she was ruined. The subsequent piglet was named Barbecue. She was a model who had gotten too thin in light of the fact that she cleaned up than the typical pig. The third pig name was breadcrumb. Breadcrumb was Vietnamese she had no family and she was destitute however something she had was a decent character. She likewise knew tikwan pig dow. In the film they additionally manufactured their homes ifferent. The first pig fabricated her home made of pearls and precious stones however in the book the first pig manufactured her home out of roughage. In the film the second pig fabricated her place of treats, cakes and candy. Anyway in the book the second piglet constructed her home out of sticks yet the third piglets both worked there house out of blocks. I believe that the third piglets was the sharpest. My decision is that despite the fact that they had numerous distinctions the idea was a similar it was Just told in an alternate manner. Instructions to refer to The 3 piglets, Papers
Friday, August 21, 2020
Do You Capitalize North, South, East and West
Do You Capitalize North, South, East and West When it comes to the question of directions, theres often quite a bit of confusion as to whether or not you should capitalize the directions north, south, east and west. Part of the problem is there are times you do and times you dont, and sometimes the difference between the two isnt readily apparent. In other words, the answer is it depends. For those who are looking for a general rule of thumb, the answer to the question, When do you capitalize directions? the answer is You capitalize north, east, south and west when theyre part of a proper name, but you dont if they only indicate direction. Chances are that one of the reasons youre here is that youve noticed that you sometimes see directions capitalized, while at other times you dont. The question is, how do you know when you should be using the capital letter? Directions: north, south, east and west When youre using a direction to describe nothing but the direction, lower case letters are the ones to choose. For example, if you say The sun is weakest on the north side (or northern side) lower case letters are fine. In this case, your are using the word north to show orientation of the sun, and youre not using the direction as a proper name. On a side note, the directions in the title of this article are capitalized due to headline capitalization rules even though they merely indicate direction. As soon as you start using directions as part of a proper name, they get capitalized. Its similar to why your name is always capitalized. So, if a person is from South Africa, south would be capitalized since its the proper name of the country. When youre talking about Americas West Coast or the Middle East, the directional word is also part of a proper name, and it gets a capital letter. Sometimes, people abbreviate these names which can make it a bit more confusing. For example, you could say a person is from the West or the East meaning they are from the West Coast or the East Coast in the US. Even though you dont spell it out completely, you still use a capital letter. To put it in another way that may make it easier to understand, talking about a region, such as Western Europe, means capitals are used. On the other hand, if you tell someone to go south along the freeway, thats just a direction, and it gets a lowercase letter. This may seem pretty straightforward, but there are times when there is a debate as to whether or not the direction is just a direction, or if its a proper name. Not everyone agrees on whether you should capitalize the direction in a sentence like, As a Southerner, he had a distinctive drawl. Some say that youre talking about someone who is from a particular region, and that a capital letter should be used. Others argue its just a direction of the place the person lives and doesnt get a capital letter. Im inclined to think that the regional opinion is spot on, but this is an example of how differing opinions can lead to one person using a capital letter while another would use a lowercase letter for direction in the same sentence. (Photo courtesy of Luis Perez)
Monday, May 25, 2020
Ethics Vs. Biomedical Ethics - 950 Words
Ethics look at principles and a set of concepts that help monitor and determine behaviours that may either help or harm people. It is commonly related to morality which looks at a personââ¬â¢s behaviour or manner in the way they differentiate their actions, decisions and intentions into what is considered right and wrong (good and bad). Generally ethics looks at making the appropriate decision (best possible solution) brought about on the basis of common sense (Beauchamp Childress 2008). Ethics is systematic as it uses special methods and approaches to examine moral situations. It is also reflective as it calls into question assumptions about existing components of our moralities. More specifically health care ethics or biomedical ethics looks at principles that can be understood by those working in various different disciplines in the medical field (e.g nurse, doctor, physiotherapist and radiographer) (Beauchamp Childress 2008). The principles are standards of conduct on whic h many moral claims and judgements depend on. The four main principles in the biomedical ethics framework are; autonomy (respecting a personââ¬â¢s capacity to make decisions for themself), non-maleficence (to not cause any harm to others), beneficence (prevent any harm, acting to benefit others and balance it against risks and costs) and finally justice (equal distribution of resources). As a radiographer it is important that a code of ethics is followed to ensure appropriate measures are taken to solve aShow MoreRelatedBiomedical Engineering: Stem Cells Essay1584 Words à |à 7 Pages Biomedical engineering has become a growing field over the past couple years. The new advances and research that stem from biomedical engineers can solve problems that would have never have been able to be solved before. Engineers have been working on new technology that will utilize stem cells in order to save lives and treat diseases. 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Whatever medical researchers are finding substantiates the concerns that differe nt chemical paralytics, dosages, and methodsRead MoreImportance Of Ethics Theory For A Licensed Counselor2249 Words à |à 9 PagesETHICS PAPER JENNIFER SPALINGER HR 5453-221-016 DR. JOHNSON UNIVERISTY OF OAKLAHOMA APRIL27, 2016 IMPORTANCE OF ETHICS THEORY In order to be a licensed counselor a professional has to take exams that based on ethics. The counselor must function at a mandatory level of competence with knowledge of the basic standards. However, most clients would appreciate an aspirational counselor that conducts themselves above reproach. They understand the sprit and principle behind the code of ethical
Thursday, May 14, 2020
Psychological Marketing How Our Senses Sell Us
When you walk into a bakery, the mere smell wafting out of the oven is often enough to incentivize clients to purchase sweets. The sights, sounds, and smells of the modern marketplace are rarely accidents. More likely, they are tools of an evolving strategy ofà psychological marketing called ââ¬Å"sensory marketingâ⬠designed to win your loyalty and, most of all, your dollars. Brief History of Sensory Marketing The area of psychological marketing known as sensory marketing is an advertising tactic intended to appeal to one or moreà of the five human senses of sight, hearing, smell, taste, and touch to create an emotional association with a specific product or brand. A successful sensory branding strategy taps into certain beliefs, feelings, thoughts, and memories to create a brand image in a customers mind. For example, if the smell of pumpkin spices in October makes you think of Starbucks, its no accident. Sensory branding dates back to the 1940s when marketers began exploring the role of sight in advertising. At the time, the main forms of visual advertising were printed posters and billboards and research was focused on the effects of various colors and fonts within them. Asà televisionà began finding its way into virtually every American home, advertisers began appealing to consumersââ¬â¢ sense of sound. The first TV commercial featuring a catch jingle is believed to be an advertisement for Colgate-Palmolives Ajax cleanser, aired in 1948. Notingà the growing popularity of aromatherapy and its connection to color therapy, marketers began researching the use of smell in advertising and brand promotion during the 1970s. They found that carefully selected scents could make their products more appealing to consumers. More recently, retailers have seen that infusing certain scents throughout their stores could increase sales. The popularity of multi-sensory marketing is on the rise.à How Sensory Marketing Worksà As an approach that appeals to the senses instead of logic, sensory marketing canà affect people in a way that traditional mass marketing cannot. Classic mass marketing works on the belief that peopleââ¬âas consumersââ¬âwill behave rationally when faced with purchasing decisions. Traditional marketing assumes that consumers will systematically consider concrete product factors like price, features, and utility. Sensory marketing, by contrast, seeks to utilize the consumers life experiences and feelings. These life experiences have identifiable sensory, emotional, cognitive, and behavioral aspects. Sensory marketing assumes that people, as consumers, will act according to their emotional impulses more than to their objective reasoning. In this way, an effective sensory marketing effort can result in consumers choosing to buy a certain product, rather than an equal but less expensive alternative. For the Harvard Business Review in March 2015, sensory marketing pioneer Aradhna Krishna wrote, ââ¬Å"In the past, communications with customers were essentially monologuesââ¬âcompanies just ââ¬Ëtalked atââ¬â¢ consumers. Then they evolved into dialogues, with customers providing feedback. Now theyââ¬â¢re becoming multidimensional conversations, with products finding their own voices and consumers responding viscerally and subconsciously to them.â⬠Sensory marketing attempts to ensure lasting product success by:à Identifying, measuring, and understanding consumers emotionsIdentifying and capitalizing on new marketsEnsuring first and repeated purchases (brand loyalty)à According to Iowa State University Professor Jihyun Song, consumers relate various brands to their most memorable experiencesââ¬âgood and badââ¬âwith their buying behaviors driven by storytelling and emotion. In this manner, sensory marketers work to create emotional ties that link the consumer to the brand. How Sincere vs. Exciting Brands Play on the Senses A products design creates its identity. A brands design can express trend-setting innovation like Apple or solidify its dependable tradition like IBM. According to marketing experts, consumers tend to subconsciously apply human-like personalities to brands, leading to intimate and (hopefully for the brands), lasting loyalties. Most brands are considered to have either sincere or exciting personalities. Sincere brands like IBM, Mercedes Benz, and New York Life tend to be perceived as conservative, established, and wholesome, while exciting brands like Apple, Abercrombie and Fitch, and Ferrari are perceived as imaginative, daring, and trend-setting. In general, consumers tend to form longer-lasting relationships with sincere brands than with exciting brands. Sight and Color in Marketingà People had been choosing their possessions based on how they looked long before the advertising industry even existed. With the eyes containing two-thirds of all the sensory cells in a sighted persons body, sight is considered the most prominent of all human senses. Sensory marketing uses sight to create the brands identity and create a memorable sight experience for consumers. This experience extends from the design of the product itself to packaging, store interiors, and printed advertising. The development of virtual reality (VR) devices is now allowing sensual marketers to create even more immersive consumer experiences. For example, Marriott Hotels new Teleporter VR glasses allow potential guests to see and experience the sights andà sounds of travel destinations before booking a stay. No aspect of product design is left to chance anymore, especially color. Research shows that up to 90% of all snap buying decisions are based on the colors of products or branding alone. Other studies have shown that brand acceptance hinges largely on the appropriateness of the colors associated with the brandââ¬âdoes the color fit the product? Over time, certain colors have become commonly associated with certain traits. For example, brown with ruggedness, red with excitement, and blue with sophistication and dependability. However, the goal of modern sensory marketing is to choose colors that portray the brands desired individual personality rather than sticking with such stereotypical color associations. Sound in Marketingà Along with sight, sound accounts for 99% of all brand information presented to consumers. More widely used in mass marketing since the invention of the radio and television, sound contributes to brand awareness in much the same way that humans use speech to establish and express their identities.à Today, brands spend huge sums of money and time choosing the music, jingles, and spoken words that consumers will come to associate with their products. Major retail outlets such as The Gap, Bed Bath Beyond, and Outdoor World, for example, use customized in-store music programs to appeal to the senses of their anticipated customer groups. Abercrombie and Fitch knows, for example, that their typically younger customers spend more money when loud dance music is being played in the store. As Emily Anthese ofà Psychology Todayà wrote, Shoppers make more impulsive purchases when theyre over-stimulated. Loud volume leads to sensory overload, which weakens self-control. According to the Harvard Business Review, the familiar Intel Bong is played somewhere in the world once every five minutes. The simple five-note tone, along with the memorable sloganââ¬âIntel insideââ¬âhas helped Intel become one of the most recognized brands in the world. Smell in Marketingà Researchers believe that smell is the sense most powerfully linked to emotion, with over 75% of our feelings being generated by odors. Todays fragrance industry is increasingly focused on perfecting perfumes for the brainââ¬âspecifically, the brains of customers. According to Harold Vogt, co-founder of the Scent Marketing Institute in Scarsdale, New York, at least 20 scent-marketing companies worldwide are developing scents and aromas for companies to help them enhance their marketing and reinforce their brand identity with customers.à The consumer scent industry is currently a billion-dollar business. The fragrance industry is moving into the conditioning of indoor environments using aromatherapy infusion technology. Natural and chemical substances are released into the air to improve feelings of well-being and even increase human performance. Scent conditioning systems are now found in homes, hotels, resorts, healthcare institutions, and retail stores. At Walt Disney World in Florida, visitors to the Magic House at Epcot Center are relaxed and comforted by the smell of fresh-baked chocolate chip cookies. In-house bakery and coffee chains like Starbucks, Dunkin Donuts, and Mrs. Fields Cookies, recognize the importance of the smell of fresh-brewed coffee in attracting customers.à What smells work? Scent marketing researchers say that aromas of lavender, basil, cinnamon, and citrus flavors are relaxing, whereas peppermint, thyme, and rosemary are invigorating. Ginger, cardamom, licorice, and chocolate tend to stir romantic feelings, while rose promotes positivity and happiness. Another recent study showed that the smell of oranges tended to calm the fears of dental patients awaiting major procedures. Singapore Airlines is in the sensory marketing hall of fame for its patented scent called Stefan Floridian Waters. Now a registered trademark of the airline, Stefan Floridian Waters is used in the perfume worn by flight attendants, blended into the hotel towels served before takeoff, and diffused throughout the cabins of all Singapore Airlines planes. Taste in Marketingà Taste is considered the most intimate of the senses, mainly because flavors cannot be tasted from a distance. Taste is also considered the hardest sense to cater to because it differs so widely from person to person. Researchers have found that our individual taste preferences are 78% dependent on our genes. Despite the difficulties of generating mass taste appeal it has been attempted. In 2007, the Swedish food retail chain City Gross began delivering grocery bags containing samples of bread, beverages, sandwich spreads, and fruits directly to customers homes. As a result, City Gross customers felt a more intimate and memorable connection with the brands products compared to those of brands who used more traditional marketing tactics such as coupons and discounts. Touch in Marketingà The first rule of retail sales is, Get the customer to hold the product.à As an important aspect of sensory marketing, touch enhances customers interaction with a brands products. Physically holding products can create a sense of ownership, triggering must-have purchase decisions. Medical research has proven that pleasant touching experiences cause the brain to release the so-called love hormone, oxytocin, which leads to feelings of calmness and well-being. As with the sense of taste, tactile marketing cannot be done at a distance. It requires that the customer interact directly with the brand, usually through in-store experiences. This has led many retailers to display un-boxed products on open shelves, rather than in closed-display cases. Major customer electronics retailers like Best Buy and the Apple Store are known for encouraging shoppers to handle high-end items. Research cited by the Harvard Business Review shows that actual interpersonal touch, such as a handshake or a light pat on the shoulder, leads people to feel safer and spend more money. Studies have shown that waitresses who touch the diners they are serving earn more in tips. Multi-Sensory Marketing Successes Today, the most successful sensory marketing campaigns appeal to multiple senses. The more senses appealed to, the more effective the branding and advertising will be. Two major brands noted for their multi-sensory marketing campaigns are Apple and Starbucks. The Apple Storeà In its stores, Apple allows shoppers to fully experience the brand. Throughout these concept stores, customers are encouraged to see, touch, and learn about the entire Apple brand. The stores are designed to convince prospective and existing Apple owners that the innovate brand is and will contribute to be the key to enjoying a state of the art lifestyle. Starbucks As a pioneer in employing multi-sensory marketing, Starbucks philosophy is to satisfy its customers senses of taste, sight, touch, and hearing. The Starbucks brand serves up this comprehensive package of sensual gratification through the use of consistent flavors, aromas, music, and printing that is known to appeal to its customers. All music played in Starbucks stores worldwide is selected from about 100 to 9,000 songs on CDs sent to the stores every month by the companys main office. Through this approach, consumers in all countries and cultures can share much more than a good cup of coffee. They get the entire Starbucks experience.
Wednesday, May 6, 2020
Installed Capacity of Electricity Generation by Fuel Type Statistics Project
Essays on Installed Capacity of Electricity Generation by Fuel Type Statistics Project The paper ââ¬Å"Installed Capacity of Electricity Generation by Fuel Typeâ⬠is a à meaningful version of statistics project on technology. Electricity generation is the process of converting non-electrical energy into electricity. For electric utilities, it is the first process in the delivery of electricity to consumers. The other processes are normally carried out by the electrical power industry. Electricity is most often generated at a power station by electromechanical generators, primarily driven by heat engines fueled by chemical combustion or nuclear fission but also by other means such as the kinetic energy of flowing water and wind. There are many other technologies that can be and are used to generate electricity such as solar photovoltaic and geothermal power.The World net electricity generation nearly doubles in the reference case, from 17.3 trillion kilowatt-hours in 2005 to 24.4 trillion kilowatt-hours in 2015 and 33.3 trillion kilowatt-hours in 2030. In genera l, growth in the OECD countries, where electricity markets are well established and consuming patterns are mature, is slower than in the non-OECD countries, where a large amount of demand remains unsatisfied. The International Energy Agency has estimated that nearly 32à percent of the population in the developing non-OECD countries (excluding non-OECD Europe and Eurasia) do not yet have access to electricityââ¬âa total of about 1.6 billion people. With the strong economic growth projected for the developing non-OECD nations, substantial increases in electricity generation will be needed to meet demand in the residential, commercial, and industrial sectors.à Although the non-OECD nations consumed 24 percent less electricity than the OECD nations in 2005, total non-OECD electricity generation in 2030 is projected to exceed the OECD generation by 46 percent. In developing countries, strong economic growth translates to a growing demand for electricity. Increases in per capita i ncome lead to improved standards of living, rising consumer demand for lighting and appliances, and growing requirements for electricity in the industrial sector. As a result, total non-OECD electricity generation(The figure has been taken from International Energy Outlook 2008)Electricity generation in the nations of OECD EuropeElectricity generation in the nations of OECD Europe increases by an average of 1.4 percent per year in the IEO2008 Reference case, from 3.3 trillion kilowatt-hours in 2005 to 4.0 trillion kilowatt-hours in 2015 and 4.7 trillion kilowatt-hours in 2030. Because most of the OECD Europe countries have relatively stable populations and mature electricity markets, most of the growth in electricity demand is projected to come from those with more robust population growth (including Turkey, Ireland, and Spain) and from the newest OECD members (including the Czech Republic, Hungary, and Poland), whose economic growth rates exceed the OECD average through the project ion period.à (The figure has been taken from International Energy Outlook 2008)Net electricity generation in the Middle EastDespite short-term supply issues in some Middle Eastern countries, natural gas is expected to remain the regionââ¬â¢s largest source of energy for electricity generation throughout the projection (Figure 63). In 2005, natural-gas-fired generation accounted for 56 percent of the Middle East regionââ¬â¢s total power supply. In 2030, the natural gas share is projected to be 65 percent, as the petroleum share of generation falls over the projection period. Petroleum is a valuable export commodity for many nations of the Middle East, and there is increasing interest in the use of domestic natural gas for electricity generation in order to make more oil assets available for export.
Tuesday, May 5, 2020
Responsibilities Of Under Domiciliary Care ââ¬Myassignmenthelp.Com
Question: Discuss About The Responsibilities Of Clients Under Domiciliary Care? Answer: Introduction The rights and responsibilities of clients under domiciliary care are guided by the Charter of Care Recipients Rights and Responsibilities for Home Care (Australian Government Department of Health, 2017). Also referred to as The Charter it recognises all partners involved in the clients care and it spells out the measures that guide their participation and interactions in the care process. The right to receive dignified treatment The client ought to be treated with respect and dignity regardless of his/her age, lifestyle, culture, or language during all instances that they are receiving care and treatment. The provider/carer ought to uphold the clients dignity and also treat them with respect in all encounters. The client has the right to be involved in decision making The client has the right to be involved in the process of deciding and choosing support that best meets his needs (CentreCare, 2017). He/she should be consulted about his/her needs and preferences. This means that the client can also accept or refuse assistance. This means that the client plays an active role in deciding elements of his/her care and that any care or treatment given should not be just imposed on them. The right to get explanation about the services he/she receives. The provider should develop a written agreement between them and the client which spells out what the client agrees with the service provider. This agreement should include a written plan of the service that the client should receive/expect from the service provider. The right to information The client has the right to be served with information pertaining the care. He/she should be helped in understanding any information that he or she is given. The client is generally supposed to have access to information of the carer's service Act, including the services provided, user rights, policies and procedures, and the procedures for channelling grievances (Carers ACT Australia, 2015). Additionally, a client should also have access to information on any alternative services which could be of assistance to him or her. The right to privacy and confidentiality of the clients personal information. The service provider has a legal obligation of ensuring the protection and proper usage and handling of the clients personal information. The provider is expected to place a high value on the right of the client to have his or her personal privacy protected. The provider should have outlined policies and procedures which are in line with the National Privacy Principles which regulate the collection, storage, security, use and disclosure of personal information (Carers ACT Australia, 2015). The client has to give permission to the provider to store his/her personal information for the purposes of guiding them in the provision of appropriate services to the client. The provider is expected to take all reasonable steps in ensuring that the clients information is accurate, up-to-date, and stored securely and confidentially (Home Care Service of NSW, 2014). The provider should always seek the clients consent before they disseminate the clients information to any other organisation that ma y be seeking to offer services to the client. The client has the right to receive care that takes into consideration their preferences in dimensions of lifestyle, cultural, linguistic, and religious background. The care plan arrived at between the provider and the client should take account of the clients lifestyle, linguistic, cultural and religious preferences in the provision of the services (Home Care Service of NSW, 2014). The client has the right to commenting and/or complaining about services provided The provider has the obligation of giving the client information on how to comment or complain about the services he or she receives. The client can do this without fearing that he or she may lose the care or may be discriminated in any manner (Homecare Australia, 2016). The complaints raised by the client ought to be investigated fairly and confidentially, and also to have correct remedial measures taken to address the clients raised issues. The right to have the fees determined in a transparent, fair and accessible manner. This also includes receiving clear and understandable invoices, and having the fees reviewed periodically and upon the clients request when there are changes in his or her financial circumstances. The charter also states that the client cannot be denied services due to his or her inability to pay a fee for reasons beyond their control (Australian Government Department of Health, 2017) Responsibilities Respect the rights of carers Clients should respect the human, legal and workplace rights of the carers. This includes the right to work in a secure environment. All carers ought to be treated without exploitation, abuse, discrimination or harassment. Abide by the terms and conditions of the written agreement. It is the responsibility of the client to abide by the terms dictated in the agreement. He or she is also expected to acknowledge the possibility of changes in his/her needs and as a result, has the responsibility to negotiate for modifications of care and service (homecaretoday, 2017). Communication with the provider The recipient of the care has the responsibility of giving the provider enough information which will facilitate the development, delivery and review of the care provided. The client should be able to inform the provider of any problems pertaining to the care and services (myagedcare, 2016). If the client also chooses to change the provider of the services, he or she communicate beforehand. Facilitating access It is the responsibility of the client to allow safe and reasonable access to those providing the services outlined in the care plan (Commonwealth of Pennyslyvania, 2005). The client should agree with the client about the services he will receive at any particular time and if he/she wishes not to be provided with the services on a given day, he/she should provide reasonable notice. Payment of fees outlined as outlined in the written agreement. It is the clients responsibility to pay the fees stipulated in the agreement, and/or also negotiate any alternative arrangements in the event of any changes in his/her financial circumstances. References Australian Government Department of Health. (2017, February). Charter of Care Recipients Rights and Responsibilities Home Care . Canberra, Australia: Australian Government Department of Health. Carers ACT Australia. (2015). Your Rights and Responsibilities as a Client. Retrieved from Carers ACT Australia: https://www.carersact.org.au/Assets/Files/rights-responsibilities-client.pdf CentreCare. (2017). Clients Rights and Responsibilities. Retrieved from CentreCare: https://www.centrecare.com.au/about-us/clients-rights-and-responsibilities/ Commonwealth of Pennyslyvania. (2005). Domiciliary Care Services For Adults. In Domiciliary Care (pp. 6-40). Pennyslvania: State of Pennyslyvania. Home Care Service of NSW. (2014). Home Care Service client handbook. Sydney: Home Care Service. Homecare Australia. (2016, January 19). Client Rights and Responsibilities. Retrieved from HomeCare Australia: https://www.homecareaustralia.com.au/homecare-australia-blog/client-rights-and-responsibilities homecaretoday. (2017). Your Rights and Responsibilities. Retrieved from Home Care Today: https://homecaretoday.org.au/consumer/your-guide-to-new-choices-in-home-care/your-rights-and-responsibilities myagedcare. (2016, April 14). Rights and responsibilities - home care. Retrieved from myagedcare: https://www.myagedcare.gov.au/quality-and-complaints/quality-of-care-and-consumer-rights/rights-and-responsibilities-home-care
Wednesday, April 8, 2020
Air Pollution a Damage Resulting from Economic Development Essay Example
Air Pollution: a Damage Resulting from Economic Development Paper This term paper is about the impacts of emission of harmful gases like sulfur dioxide, carbon dioxide etc. Due to the development of industrial business in Bangladesh. Here, the study has been based on the regression analysis of percentage of carbon dioxide emission per metric ton and GAP per capita of eight Asian countries to determine that how environmental pollution is increasing because of industrial progression. And it has been found that they have positive relation. The motto of this term paper is to remind of the fact that only thinking about the economic development of the entry should not be welcomed unless the importance Of environmental welfare is being realized. The relationship between economic growth and the environment is debatable. Traditional economic theory posits a trade-off between economic growth and environmental quality. Since the early 1 USSR however, the rapidly expanding empirical and theoretical literature has suggested that the relationship between economic growth and the environment could be positive and hence growth is a prerequisite for environmental improvement. But on the other hand, growth could be an affective reason of environmental elution. This paper depicts the empirical pattern that at relatively low levels of GAP per capita, pollution level (and intensity) initially increases with rising income. We will write a custom essay sample on Air Pollution: a Damage Resulting from Economic Development specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Air Pollution: a Damage Resulting from Economic Development specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Air Pollution: a Damage Resulting from Economic Development specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The dominant theoretical explanation is that when GAP increases, the greater scale of production leads directly to more pollution, but, at a higher level of income per capita, the demand for health and environmental quality rises with income which can translate into environmental regulation, in which case there tend to be favorable shifts in the composition of output and in the techniques of production. Air pollution can be occurred in two ways-increasing of suspended particular matters (dusts, fumes, mists and smokes) and emission of gaseous pollutants. Among these two components, air pollution due to gaseous pollutants is a severe pollution of modern era. Air pollution is one of the causes of environmental pollution and because of environmental pollution; people face various kinds of fatal diseases which may decrease the productivity level of them. As a result economic development of a country could be hampered. Sustainable development has been one Of the alarming encores in the twenty-first century. It has significant implications on the extent of economic activity in the future. Anderson and Brooks (1996) have given the statement, scientific basis supporting the relationship between business activities, resource depletion and the environment has grown stronger in recent years. Grossman (1995) offers three main explanations as to how air pollution due to economic development affects one countrys environment- First is the scale effect of income on the environment. As more outputs are produced, more inputs are (natural resources included) are squired and more wastes and emissions by products are created during the process.
Monday, March 9, 2020
Thomas Edison
Thomas Edison Thomas Edison Thomas Edison was one of the American investor, scientist as well as a business man who used to develop many devices that greatly influenced life along the world. Thomas is highly recalled by many scientists for his last and a very long-lasting practical of discovering a light bulb. This paper seeks to look in which way Thomas Edison perseverance for over 10,000 attempts reflect on a challenge one overcome through doggedness. Thomas Edison is believed to be a man who was determined and believed in himself, more than many people who cant do that in todays epoch. This can be proved from the non- resulting practical which are been started but as time goes without having any result or the exact result they do give up. Most people will just attempt once, twice or at most thrice and easily give up after this several trials. In his case, Edison was a brilliant inventor as well as been a true optimist. Thomas Edison who was not only believed to be a determined individual but was also known for his persistent and he who most of his time strived for excellence, believed that even if someone could fail a task for several times, It is not time for one to give up or get total discouraged by his or her failure, but instead one should look at each of the failure as a step forward and in the right direction and also towards achieving ones goals. Due to his patience he came up with a light bulb which was awaited for long. After having gone through Thomas history as well as his work of study, have been encouraged in my studies. As a student in the college, have always wanted to excel beyond what was been offered to me in my institution. I do conceder it to be a failure since its large and therefore its cut by our budget and therefore everything we need is not well catered for. These results in my education been limited due to the constraints of the economy budgeting co-ordination. After this realized that thing were not all that straight in my case and therefore i had to look for ways of saving my time since the economic recovery could take time before its brought back to normal. Having put in minds to become a pharmacy, I do take biology but any time I try to attend this classes, am pinned down and I do take this as failure and see as if am not supposed to study in this field of science. My dream and ambitions is to get a degree in Bachelor of Science so as this could let me study pharmacy. This kind of study have at-times stressed me and I just found my self almost giving up on my chosen career but since I have the ambitions which requires me to take this subject, Im falsed to have several other lessons in different classes and this have resulted to this subject becoming the best performed as well dedicates my time in studying it. Most of my semesters I have felt the recognizable smart of failure by not being allowed to grow in my chosen area of study due to limited seating in classes as well as facilities. Recently I have learned that I can do one of two things with my life thus far. I could continue to sulk in my failure and let it consume my entire being like it has been. On the other hand, I could use these unsatisfying situations, like Thomas Edison had used his failed attempts, as a way of having been close to achieving my goals, Today I felt that I have taken a step in the right direction and towards a better future by sticking to my institution having been affected by the budget. I write this essay with the ability to understand that each failure is a step closer to my goal and today I shall walk over my failures with my best foot forward. My education is to me what the light bulb was for Thomas Edison.
Saturday, February 22, 2020
Management Questions Essay Example | Topics and Well Written Essays - 1250 words
Management Questions - Essay Example Concentration is a unit of summary measures that connects proportion with numbers. Regardless of the knowledge on customer's risks of individuals with high accuracy degree or knowledge on the relationship between customers' risks a reduced concentration will lead to an overall reduction on the organizations credit risk exposure and its range of receivables thus increasing the firm's diversification The management should be deeply concerned in overcoming initial pitfalls and in provision of the finances required in the export process. These he can do by closely monitoring the efforts towards international marketing. The management should seek export guidance from qualified personnel which will assist them in developing a good marketing strategy prior to the start of the export business. The developed strategy should incorporate the export objectives plus expected 'negatives'. The management should be extra cautious when selecting distributors from overseas. Best distributors are those who are very independent in their work. However, the international distributors should be given the same treatment as the domestic counterparts with much emphasis on orderly growth and profitable ventures. The management should never hold assumptions that given product marketing techniques will obviously succeed in all countries i.e. what works in Israel may fail in Korea. It is therefore important for the management to treat each market separately in order to succeed. Since each country has a different culture and therefore a different cultural preference the management should have the willingness to modify their products so as to meet the said differences. The management should take advantage of economies of scale. This can be made possible through the enlargement of the overall sales base so as to spread the exports fixed costs. Question five The management might be required to divert its key personnel from the domestic responsibilities so as they can help in developing the company's export procedures. The initial procedures and start-up decisions might end up consuming most of the company's precious time a thing that will slow its operations. The whole excise might turn out to be very expensive since the sales promotion material, brochures and catalogues will be required to be translated in the many foreign languages involved in the exporting business. Together with these the company might need to add its plant facilities so as to cope with the now expanding market. Export will definitely require additional funds because it is known to be a very expensive exercise which involves regular product modifications so as to meet the varying specifications of the foreign markets. The management will be required to allow credit terms so as to keep pace with the highly competitive global market, the local customs authority and the travel arrangements. Question six Where transportation means are not available the company will make low sales. Also when the transportation costs are too high the company will be constrained on the amount to
Wednesday, February 5, 2020
Answer The 5 Questions Provided Essay Example | Topics and Well Written Essays - 750 words
Answer The 5 Questions Provided - Essay Example For instance, in more mature markets, values such as prestige hold more sway than in less mature markets, where such things as fuel efficiency and overall cost of ownership are more important product values. So again the marketing has to be somewhat targeted to different markets rather than general or standardized for all markets. There are country arrangements such as those that exist between North and South Korea that involve the latter limiting imports of fresh produce and other farm products from the former. This hurts South Korea too, given that in general the country benefits from having more ample food sources from more places, in the same way that it hurts North Koreaââ¬â¢s ability to make profits from its agricultural work. The idea too is that North Korea may be in a position to supply farm produce at lower prices, introducing some competition to improve farming methods and yields at home for South Korea (Yonhap News Agency). Between American and France there is a world of cultural differences and attitudes surrounding feminine values, especially with regard to what they wear, and the same applies to certain apparel, such as blue jeans. In France there is a sensitivity to blue jeans being an American product, and there may be some fashion resistance springing from Franceââ¬â¢s proud culture to the adoption of blue jeans among women. On the other hand in America there is no adoption and acceptance problem of the kind that may be present in France. Therefore in magazine advertising in particular these cultural influences, of jaded attitudes towards garments that have heavy American connotations, there has to be sensitivity to crafting messages that tone down the American elements of blue jeans in France. Recent moves by government in Colombia point toward the further strengthening of the government institutions in the country, which augur well for the
Tuesday, January 28, 2020
The Motive Behind Mergers And Acquisition
The Motive Behind Mergers And Acquisition INTRODUCTION Background Mergers and Acquisitions have gained substantial importance in todays corporate world. This process is extensively used for restructuring the business organizations. Some well known financial organizations also took the necessary initiatives to restructure the corporate sector of India by adopting the mergers and acquisitions policies. Theà Indian economic reform since 1991 has opened up a whole lot of challenges both in the domestic and international spheres. The increased competition in the global market has prompted the Indian companies to go for mergers and acquisitions as an important strategic choice. The trends of mergers and acquisitions in India have changed over the years. The immediate effects of the mergers and acquisitions have also been diverse across the various sectors of the Indian economy. The Indian Economy has been growing at the fast rate and emerging as the most promising economy in the world. Be it in IT, RD, pharmaceutical, infrastructure, energy, consumer retail, telecom, financial services, media, and hospitality etc, there has been a sign of promising boom in the Indian economy. It is the second fastest growing economy in the world with GDP touching 8.9 % in 2010. Investors, big companies, industrial houses view Indian market in a growing and proliferating phase, whereby returns on capital and the shareholder returns are high. Both the inbound and outbound mergers and acquisitions have increased dramatically. According to Investment bankers, Merger Acquisition (MA) deals in India will cross $100 billion this year, which is double last years level and quadruple of 2005. Indias merger and acquisitions deal value in year 2010 reached almost US $50 billion which is three times of the deal value last year 2009. There were MA deals worth about $16 billion in 2009, down from close to US $40 billion in 2008. Definitions: Mergers: Mergers or amalgamation is combination of two or more companies to form as a single new company. In this process no fresh investment is made, however an exchange of shares takes place between the entities. In simple terms, a merger involves the mutual decision of two companies to combine and become one entity. Generally, merger is done between the two entities having similar size. Varieties of Mergersà Mergers can be of various types. But there are 5 main mergers varieties which are valued most in the corporate world.à Horizontal mergerà Two companies that are in direct competition and shareà the same product lines and markets.à Vertical mergerà Two companies which are in the Value Chain. Market-extension mergerà à Two companies having same product but different target market. Product-extension mergerà à Two companies selling different but related products in the same market.à Conglomerationà Two companies with unrelated business/ industry.à Acquisitionsà Acquisition means buying the ownership of one company by another company, often as the part of the growth strategy. Unlike in merger, acquisition is generally done by a large company to a small one. Acquisitions can be either friendly or hostile. Like mergers, acquisitions are actions through which companies seek economies of scale, efficiencies and enhanced market visibility. Acquisition is done either in cash or acquiring the stock of the target company or both. Distinction between Mergers and Acquisitionsà Mergers and Acquisitions are often uttered as one and the same and considered to have the same meaning. But the terms merger and acquisition are two different term meaning.à When one company takes over another independent company and clearly established itself asà the new owner, the purchase is called an acquisition. From a legal point of view, theà target companyà ceases to exist and the buyer or the acquirer possesses the full control of the business and the buyersà stock continues to be traded, then it is acquisition.à Regardless of the type of the strategic alliance they all have one purpose in common. They are all meant to create synergy that makes the value of the combined companies greater than the sum of the two parts. Synergy Synergyà is the force that is obtained when two or more components meet together to produces an exceptional result which when done solely cannot be achieved. In a business synergy takes the form of enhanced performance, increased profitability and exceptional cost reduction. By merging, the companies hope to benefit from the following:à Staff reductions Economies of scaleà Acquiring new technology Improved market reach and industry visibility Importance of the study When a company wants to expand, there are various ways its can do. They can achieve the growth either by capturing the market share or by growing through strategic alliances. The main objective of the merger or acquisition is to achieve growth and synergy, economies of scale and capture or expand the market share. Buzz of merger and acquisition often creates hype in the financial market about the acquirers stock price. While most empirical research on merger focus on daily stock return surrounding announcement date, a few studies also look at long term performance of term performance of acquiring firm after merger.à [1]à Not only that, the performance of the company as a whole is also a matter of question mark. Will the company be able to perform better than it is doing or not? Problem Statement Many firm prior to merger and acquisition have an expectation to create a synergy from merger and acquisition. The main motive behind MA is to create efficiencies in the business and expansion of the business. But they most of the time ignore the fact that the effect of merger and acquisition has direct correlation with the value of the acquirers company and the stock price. The other problem that is to be considered is the financial risk associated with the MA. Research Objective The objective of this study is to gain the deeper and clear knowledge of the merger and acquisition on the acquiring firm. It also aims at the financial risk that a company may face post merger/ acquisition asa well as the long term performance of the acquirer. The objectives are as follows: To examine the effect of EPS myopia on the return of acquiring firms in mergers. Evaluate the effect on the stock price of the acquiring company post merger and acquisition. Critically evaluating if the shareholders of the acquiring companies experience wealth effect as a result of MA. The expected long term performance of the acquiring firm. Study of the financial risk pertaining to the merger and acquisition. Research Question What is the motive behind Merger and Acquisition? What is the effect on the stock price of the acquirer pre and post MA? Does the buzz create the bubble effect on the market or is it long lasting? What is the wealth effect of the acquirer firm post and pre MA? What is the trend of MA in Indian market? Drivers of MA in India What are the effects of MA to the competitors? Effect of the tax to the government post merger and acquisition. Limitations of the Study No proper information on the companies is found except for their Balance Sheet and Income Statement. This study is based on secondary database, so errors in the data could affect the results of the study. External factors such as economic conditions, regulatory changes etc are not taken into consideration. An overview of the Study This dissertation is divided into five chapters. The first chapter deals with the background information, problem statement, objective of the study, importance of study, research question limitation of the study. The second chapter deals with literature review. This chapter indicates the theoretical framework of the valuation method of Merger and Acquisition. It shows the detail description of the past research that has been done on the topic and discusses the outcome of the study. The third chapter deals with the research methodology of the dissertation. It deals with the Research method used for the data and information collection. It includes sample selection/design procedure, data collection and data analysis tools used in the dissertation. In this part assumptions had been made where there is lack of appropriate data and information. The fourth chapter deals with analysis and interpretation of the financial data that are used to achieve the objectives of the dissertation. This section mainly deals with the findings from the study and also focuses on the analysis and its results. The fifth and the last chapter of this dissertation present the findings of the study, recommendation of the study to the investors, financial managers regulators. It also concludes the suggestions for future research. Chapter II Review of the Literature 2. Literature Review Many authors and writers have written lot about merger and acquisition and its impact on the performance of the company as well as on the economy. A great deal of research has been carried out on the performance of the corporations involved in the merger and acquisition. When a company wants to jump start a long term growth or boost up the corporate performance, MA may seem to be the best option. Yet study after study puts the success rate of MA lies just between 20% and 30%. A lot of researcher had tried to explain the abysmal statistics, usually by analyzing the attributes of the deals that worked and those that didnt. What is lacking is the robust theory that identifies the causes of those success and failures.à [2]à 2.1 Merger and Acquisition: Conceptual Review Farlex Financial Dictionaryà [3]à has defined A decision by two companies to combine all operations, officers, structure, and other functions of business. Mergers are meant to be mutually beneficial for the parties involved. In the case of two publicly-traded companies, a merger usually involves one company giving shareholders in the other its stock in exchange for surrendering the stock of the first company Pratap G. Subramanyam (2005) has stated merger as in the term associated with the integration of one company into another. The merging company should exist thereafter and all its assets and liabilities get legally vested in the merged company. This means that the merger means amalgamation of the assets of the two or more companies to form a new company serving the similar or different purpose. 2.1.1 Recognition of amalgamation (merger) by Indian Statutory Bodies The Company Act of India does not define an amalgamation or a merger. Therefore, the term are being interpreted as being included in the term arrangement as defined in Section 390(b). This is vindicated by the fact that Section 394 talks about arrangement that are in nature of amalgamation of two or more companies. It is possible under Companies Act for two or more companies to amalgamate using the shareholder approval route under Section 293(1)(a) though such route is never adopted. The more appropriate route is to get court order under Section 394 of the Act, which has been specifically enacted to enable amalgamations. Section 390 This section provides that The expression arrangement includes a reorganization of the share capital of the company by the consolidation of shares of different classes, or by the division of shares into shares of different classes, or by both these methods Section 394 This section contains the powers while sanctioning scheme of reconstruction or amalgamation. Under the Income Tax(IT) Act, 1961 Section 2(1B) the word amalgamation in relation to companies means the merger of one or more companies to another company or the merger of two or more companies to form one company so that: All the property of the amalgamating company or companies before the amalgamation becomes the property of amalgamating company by virtue of the amalgamation. All liabilities of the amalgamating company or companies immediately before the amalgamation become the liabilities of amalgamating company by the virtue of amalgamation. Accounting Standard AS-14 defines amalgamations as those pursuant to the provisions of the companies Act or any other statute, which may be applicable to the companies. Therefore, it applies to all transactions that come under the purview of Section 391-394 of the Companies Act that relate to integration of two or more companies. AS-14 categorizes amalgamation into two categories: (a) amalgamation in nature of merger (b) amalgamation in nature of purchase. An amalgamation fall into former category if: All assets and liabilities of transferor company become after amalgamation, the assets and liabilities of the transferee company. Shareholders holding not less than 90% of the face value of the equity share of transferor company (excluding the shares held by the transferee company), become the equity shareholder of the transferee company by virtue of the amalgamation. The consideration for the amalgamation, receivable by those equity shareholders of the transferor company who agree to become the equity shareholder in the transferee company, is discharged wholly by issue of shares (except for fractional shares that may be settled in cash). The business of the transferor company is intended to be carried on by the transferee company. Acquisition is the mechanism by which companies change hands and through transfer of ownership of share or transfer of control. Acquisition means the purchase of or getting access to significant stakes in a company, often making such acquirer a major shareholder or force in the company. According to Dictionary of Financial Termà [4]à If a company buys another company outright, or accumulates enough shares to take a controlling interest, the deal is described as an acquisition. For example, if Corporation A buys 51% or more of Corporation B, then Corporation B becomes a subsidiary of Corporation A, and the activity is called an acquisition. A single investor may buy out a publicly-traded company; one calls this going private. Acquisitions occur in exchange for cash, stock, or both. Acquisitions may be friendly or hostile; a friendly acquisition occurs when the board of directors supports the acquisition and a hostile acquisition occurs when it does not. 2.1.2 The Acquisition and Takeover Code in India After the advent of the SEBI, introduced in 1994, there was a concerted attempt at formulation of a comprehensive framework under which acquisition and takeover could be made in existing listed companies. However the takeover code does not apply to unlisted companies and continue to be regulated by the provision of the Company Act. Listed companies are currently governed by the provision of Takeover Code, clause 40A and 40B of the Listing Agreement of the stock exchange and Section 108B and 108D of the Companies Act as regards acquisition and takeovers. Under the provision of Section 108B, corporate under the same management holding whether singly or in aggrete.10% or more of the nominal value of the subscribed equity share capital of the any other company shall, before transferring one or more such shares, give to the central government an intimation of its proposal to do with the prescribed details. Section 108D provides the similar provision wherein the Central Government can act suo moto of any transfer of a block share in a company. All the Sections under 108 are backed by Section 108G. Section 108G Applicability of the provisions of sections 108A to 108F.â⬠The provisions of sections 108A to 108F (both inclusive) shall apply to the acquisition or transfer of shares or share capital by or to, an individual firm, group, constituent of a group, body corporate or bodies corporate under the same management, who or whichâ⬠(a) is, in case of acquisition of shares or share capital, the owner in relation to a dominant undertaking and there would be, as a result of such acquisition, any increaseâ⬠à (i) in the production, supply, distribution or control of any goods that are produced, supplied, distributed or controlled in India or any substantial part thereof by that dominant undertaking, orà (ii) in the provision or control of any services that are rendered in India or any substantial part thereof by that dominant undertaking; orà (b) would be, as a result of such acquisition or transfer of shares or share capital, the owner of a dominant undertaking; orà (c) is, in case of transfer of shares or share capital, the owner in relation to a dominant undertaking. The SEBI Takeover Code brought in several new features into acquisition law which were not present in Clause 40A and 40B. The basic theme of the code is to provide for fair play and transparency in acquisition and takeover but at the same time to ensure that they are not stifled into extinction. 2.2 Differentiation of Merger and Acquisition In general Mergers and Acquisitions are used interchangeably, but they have a subtle differentiation in there meaning. Weston and Copeland (1992) distinguished merger and acquisition: merger as a transaction between more or less equal partners, while acquisitions are used to denote a transaction where a substantially bigger firm takes over a smaller firm. Their basis of distinguish was the size. But there are other factors apart from size that denotes the differences between merger and acquisition. Asquith Mullins (1986) define mergers and acquisitions on basis of share distribution. When two firms merge, shares of both are surrendered and new shares in name of the new firm will be issued. Unlike in merger, shares of the acquiring firm are not surrendered but traded in the market prior to the acquisition and continue to be traded by the public after the acquisition. The shares of the target firm cease to exist publicly. Motives behind Merger and Acquisition There are three major motives for the mergers and takeovers: Synergy, Agency, Hubris Synergy motive means that the sum total return/value from the integration of two or more companies should be greater than that from the individual company. Elazar Berkovitch (1993) suggests that the takeovers occur because of economic gains that results by merging the resources of the two firms. They even concluded that total gains from MA are always positive and thus can say that synergy appears. The agency motive suggests that takeovers occur because they enhance the acquirer managements welfare at the expense of acquirer shareholders. Elazar Berkovitch and M. P. Narayanan (1993) suggested three major motives for mergers and acquisitions: synergy, agency and hubris. The synergy motive suggests that the takeovers occur because of economic gains that results by merging the resources of the two firms. The agency motive suggests that takeovers occur because they enhance the acquirer managements welfare at the expense of acquirer shareholders. The hubris hypothesis suggests that managers make mistakes in evaluating target firms, and engaged in acquisitions even when there is no synergy. Khemani (1991) states that there are multiple reasons, motives, economic forces and institutional factors that can be taken together or in isolation, which influence corporate decisions to engage in MAs. It can be assumed that these reasons and motivations have enhanced corporate profitability as the ultimate, long-term objective. It seems reasonable to assume that, even if this is not always the case, the ultimate concern of corporate managers who make acquisitions, regardless of their motives at the outset, is increasing long-term profit. However, this is affected by so many other factors that it can become very difficult to make isolated statistical measurements of the effect of MAs on profit. The free cash flow theory developed by Jensen (1988) provides a good example of intermediate objectives that can lead to greater profitability in the long run. This theory assumes that corporate shareholders do not necessarily share the same objectives as the managers. The conflicts between these differing objectives may well intensify when corporations are profitable enough to generate free cash flow, i.e., profit that cannot be profitably re-invested in the corporations. Under these circumstances, the corporations may decide to make acquisitions in order to use these liquidities. It is therefore higher debt levels that induce managers to take new measures to increase the efficiency of corporate operations. According to Jensen, long-term profit comes from the re-organization and restructuring made necessary by takeovers.
Monday, January 20, 2020
The Leadership of Jack and Ralph in Lord of the Flies :: Lord Flies Essays
The Leadership of Jack and Ralph in Lord of the Flies Throughout the novel Lord of the Flies, Ralph tries his best to create a society based on survival. As time progresses, it is clear that Jack's feelings are towards living life and having fun. Jack's society eventually leads to corruption, killing innocent people, while Ralph's prevails as the boys are rescued. Ralph uses a repetition of hope towards being saved while Jack's technique with no thought clearly flounders creating savages out of the once civilized boys. Ralph's original society is split because of lack of interest with some of the individuals. They begin to loose faith in themselves, and thus seek fun and fortune. In the end the group seeking a long-term reward beats out the group looking for short- term rewards, as Ralph's group prevails, causing Jack's to lose stimulating death among the other boys. "When Ralph spoke again his voice was low, and seemed breathless. `What have I done? I liked him-and I wanted us to be rescued' Again the stars spilled about the sky. Eric shook his head, earnestly. `Listen Ralph. Never mind what's sense. That's gone-' `Never mind about the Chief-' `-you got to go for your own good.' `The Chief and Roger-' `-yes, Roger-' `They hate you, Ralph. They're going to do you.' `They're going to hunt you to-morrow.'"(1) Here, the reader is basically told on what the two groups have to offer. Ralph's group is based on being rescued, while Jack's group is pro-hunting and other games in the wilderness. From the start, Ralph tries to keep the fire as the key-stone in the group. He knows that fire and smoke is used best to signal ships at a distance. This is what infact saves the stranded boys. In his group, Ralph makes shelters and calls assemblies. By using this method of bringing civilization to the island, the boys can thus remember what modern day society was like, and from then on can keep faith in themselves towards being rescued. Never once throughout the novel Lord of the flies, does Ralph become influenced or influence others towards savagery. Although Ralph may seem like the ideal leader, he lacks in many characteristics; the main one being intelligence. Throughout the novel Ralph has to depend on Piggy for ideas.
Sunday, January 12, 2020
Laptops in the Classroom Essay
The essay ââ¬Å"Laptops in the Classroom? No Problemâ⬠by Elena Choy, states that banning laptops in the classroom in not the answer. I agree with Choy because with laptops in a classroom, students can access the internet and this is a great tool for research and also a means of communication by using tools like chats, e-mails and forums. With the arrival of the internet we were confronted with new possibilities, challenges and uncertainties in the process of learning and teaching. How can students and teachers adapt to a learning process involving a technology that is becoming increasingly sophisticated, and more challenging? For me, teaching, in a broad context, is to select and organize information in order to transform it into knowledge. Laptops can facilitate individual and group research as well as the exchange of ideas between teachers, their colleagues and their students. Using laptops to access the internet provides students with an exchange of experiences, questions, materials, personal exchanges, both of whom are geographically near and far. Laptops can help teachers to better prepare their class by expanding the ways to teach, to modify the evaluation process and communication with students and colleagues. Choy lists many factors in favor of banning laptops in the classroom: Let me try to give a reasoned statement of my position, a statement that will take account of the contrary position. In fact, Iââ¬â¢ll begin with what I take to be the arguments in favor of banning laptops. I believe the chief argument are these: (1) the upraised lids of laptops distract the instructor, and they often prevent the instructor from making eye contact with the students; (2) laptops distract other students, who cannot help but see what is on screens ââ¬â for instance video games; (3) students who use laptops to take notes overly extensive notes, so they are doing stenography rather than thinking ââ¬â rather, one might almost say, than paying real attention to the significant content of the course; (4) because they are so busy taking notes, laptops users tend not to participate in whatever discussion there may be in the course because they are too busy taking notes (Choy 272). Teachers need to be prepared to use laptops and new technologies in the classroom, because this will increase the performance of students and overcome their difficulties and the idea to ââ¬Å"Ban laptops chiefly comes not from students but from professors [because] they are disturbed by the lack of ââ¬Å"eye-contactâ⬠(Choy 273). Working with paper and pencil with student in the 21st century creates conflicts and in some situations can lead the student and teacher to reflect on and question the pedagogical practices, enabling a change in attitude of the teacher. For me, I believe that the ideal learning environment is one in which subject and object is in constant change, allowing the construction of knowledge of both. Currently there are several learning environments that are being developed and supported this interaction between the students and teachers like, and may be used both in classroom situations, so as to support all actions taken by teachers during the teaching process, as the record their difficulties, doubts, discussions, opinions, allowing them a constant construction and reconstruction of their actions and the teaching clues to its interventions. The technology used in school should be facing real problems and difficulties of the majority in order to improve the quality of education, linked to the objectives and principles of the ââ¬Å"old schoolâ⬠ways of teaching. Society is increasingly technological every day and it is necessary to reform the school and the education in order to educated the student to master the new language used by the computer as well as the need for the teacher to perfect these new techniques. Choy states that there will come a day that may jeopardize the future of the relationship between the professor and the student. I come to a dangerous point, I think that the chief reason instructors suggest that laptops be banned is one that they fear that most students who use laptops are not taking notes, but are engaged in activities unrelated to the course ââ¬â instant messaging, e-mailing, shopping, palying poker and so on (Choy 274). Unfortunately many teachers still do not know how to use the laptops; the first step is to learn how to do this because ââ¬Å"if the instructor is so boring that that students use laptops to shop and to write letters, well when the laptops are banned the students will probably bring in crossword puzzles or exercises from other coursesâ⬠(Choy 274) than something is wrong with the teacher. One must know what he can do, and then what to do with it. This does not mean that we know everything about laptops. First it is necessary to have certain knowledge with the most frequently used features such as the text editor, because the rest are learning a little bit every day. Also, learn to send and receive emails and surf the internet to know are prerequisites for anyone who wants to use the laptop in the classroom and learn to integrate the laptops as part of their lesson, in this way they can engage the students and keep their attention. We must remember that the laptop in the classroom will not replace teachers; it will only help the student in several ways, transforming the classroom into a stimulating and attractive environment for students to develop their reasoning and creativity, thus contributing to helping them become autonomous learners. To make good use of the laptop in the classroom, the teacher must prepare and plan their activities with the students so that the result of this proposed work is achieved with this new technology.
Friday, January 3, 2020
The Importance Of Reasonable Self Defense Within A...
The rationale applied to what is reasonable self-defense within a domestic violence episode wrought with repetitive explosive violence cannot be anything other than a battered woman fighting for her very life. These acts of violence occur within the safety of the home and are repeated in varying degrees. The climatic violent application of self-defense is warranted and cannot be remedied in any other fashion. Law enforcement officers intervening in domestic violence situations also face these same unpredictable variables. Although a domestic violence call can consist of an officer mediating arguments that got out of hand, most officers respond with caution. Not all of these calls are harmless and many officers have lost their lives. Drugs and alcohol increase the lethality index during these emotional crises. The enraged abuser often views the law enforcement officers as someone attempting to threaten their control, remove their power and possessions. These behaviors stem from learned behavior developed during oneââ¬â¢s lifetime. This is referred to as the social learning theory and the concept was developed by Albert Bandura. Bandura said that people learn behaviors by observing and imitating others, i.e. individualââ¬â¢s model reinforced behavior. However, Banduraââ¬â¢s concept included that an expectation developed within the observer about all the possible outcomes expected from committing the actions through this observing and modeling (e.g. theory of self-efficacy).Show MoreRelatedWhat are Stand Your Ground Laws?1501 Words à |à 6 Pagesprotecting themselves from an immediate physical threat (McClellan Tekin, 2012; Wallace, 2006). The Stand Your Ground doctrine stems off of a historical law known as the Castle Doctrine, which allows home owners to use deadly force against an invader within their home without the obligation to retreat (McClellan and Tekin, 2012; Wallace, 2006). 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