ELEMENTS OF COMMERCIAL & CONSUMER LAW Essay Example | Topics and Well Written Essays - 2000 words - 1

ELEMENTS OF COMMERCIAL & CONSUMER LAW - Essay Example Therefore, responsive regulation prescribes how best regulatory enforcement can promote compliance. Responsive regulation provides a chance for the regulator to understand the intricacies between state regulation and private regulations. This is because the regulator steps aside only to become involved if need be. Good regulation however has to realize the important role played by both self regulation and state regulation and offer room for both2 . Hence formal law ought to incorporate the best commercial practices and serve to entrench those practices. This is what responsive regulation seeks to achieve. Formal law should serve as a basis for the industry to self regulate. Business communities ought to formulate law for themselves with the courts checking how businesses use those laws. A good policy needs not force the businesses choose between self regulation and government regulation. This is because it is possible to have the best of both3. Good policy has to do with understanding self regulation and how it relates to government regulation. Hence laws that regulate businesses have to be developed and implemented with the involvement of the affected businesses. Other than the government designing policies for the businesses it has been found out that, better policies are arrived at when both the government and the private sector participate. Responsive regulation advocates that the regulator responds to the structure of the industry being regulated. This means that different structures in the industry will be subjected to different degrees of regulation4. This is because different levels of the industry have different motivations hence deserve slightly different degrees of regulation. Regulation from the government should take into account the diverse objectives of the businesses under regulation. This is because regulations can not only affect the structure of the regulated businesses

Answers to Questions in Astronomy Essay Example for Free

Answers to Questions in Astronomy Essay 1. How do astronomers measure the distances to galaxies and how does that allow the sizes, luminosities and masses of galaxies to be determined? A distance indicator is an object within a galaxy that functions as a marker to that galaxy. It may be a Cepheid star, globular cluster, H II region, planetary nebula or supernova. The distance to a galaxy, especially if it is very far away, is approximated by employing the Hubble Law which is expressed as Recession Velocity (Vr) = Hubble’s Constant (H) x distance (d). After obtaining the distance, it is possible to determine diameter through the small angle formula and luminosity from distance and apparent magnitude where both formulas are derived equations (Garber). Meanwhile mass can be estimated in three ways. Rotation curves reveal the calculation of rotational velocities for varying distances from the galactic center so that once distance and velocity are known, mass can be obtained (Garber). Another is through the cluster method which focuses on the motion of a galaxy within a galactic cluster. The size of the galaxy as well as range of velocity determines the total mass of the cluster (Garber). The third is through the velocity dispersion method where the spectra of the galaxy are used to approximate mass. Broad spectral lines indicate high velocity which in turns suggests a large mass (Garber). 2. Discuss how individual stars and the shapes of galaxies are affected by collisions. As a galaxy approaches another in a collision, the gravitational fields of the stars in each of them start to interweave and the resulting powerful tidal forces disturb and radically alter the shape of the galaxy, similar to the manner in which the gravitational pull of the moon causes the tide to rise in regions of the earth nearest to it but magnified a thousand times. A collision initiates the formation of tidal tails, bars or rings and colliding gas clouds produce knots of newly formed blue stars while the nucleus of the galaxy becomes deformed (sciencedaily.com). On the other hand, when stars collide, they merge together as one star that displays unusual brightness and heat relative to age so that they become very prominent in their globular cluster. These stars are referred to as â€Å"blue stragglers†. When stars increase in age and use up their hydrogen, they become cooler, less massive and red in color but through collisions, they obtain extra mass causing them to turn blue (Masters). This permits them to remain longer in the main sequence the phase in a star’s life where it burns its hydrogen. 3. Explain the differences between the three types of galaxies and what happens to change their shape. An elliptical galaxy is rounded or oval in shape, do not have visible gas and dust or bright, hot stars and consists of population II stars. Elliptical galaxies are also surrounded by globular clusters. A spiral galaxy has a disc component, consists of both populations of stars, exhibits a nucleus and may have arms with differing orientations (Garber). An irregular galaxy does not present a regular pattern and includes new and old stars alike. Galactic interaction, collision and merging, which involve the effects of the gravitational fields of galaxies, are the primary events that change the shape of galaxies. The subsequent structure depends on both the type of the galaxies involved and the directions of their orbits (Keel). Collision, mentioned earlier, may not result in a merger if both galaxies have enough force to continue moving away from each other after the event. Galaxies are said to be interacting when they do not collide but both their gravitational attractions cause distortion and exchange of gas and dust (astro.umd.edu). In interactions that occur at slow speeds and involve galaxies with unequal masses, spiral formations may assume irregular-lenticular shapes (Than). Gases being pulled to the central region, as a result of tidal disturbances, clear away the spiral configuration, leaving behind a disk structure. The most drastic interaction is the merging of two galaxies and occurs when they collide but lose their momentum to slide past one another. Instead, they fall back into each other and unite into one galaxy, losing their original shapes in the process (astro.umd.edu). When a significantly more massive galaxy collides and merges with a smaller one in a type of interaction known as galactic cannibalism, the bigger galaxy does not exhibit a visible change in shape but the less massive galaxy is ripped apart, loses its shape and becomes integrated into the bigger one.

The Labour Force And Unemployment Economics Essay

The Labour Force And Unemployment Economics Essay Every market has buyers and sellers, and the labour market is no exception: the buyers are employers, and the sellers are workers. Some of this participant may not be active at any given moment in the sense of seeking new employees or new jobs, but on any given day, thousands of firms and workers will be in the market trying to transact. The Labour Force and Unemployment The term labour force refers to all those over 16 years of age who are either employed, actively seeking work, or expecting recall from a layoff. Those in the labour force who are not employed for pay are the unemployed.  [1]   People who are not employed and are neither looking for work nor waiting to be recalled from layoff by their employers are not counted as part of the labour force. The total labour force thus consists of the employed and the unemployed. The number and identities of people in each labour market category are always changing; the flows of people from one category to another are considerable. There are four major flows between labour market states: employed workers become unemployed by quitting voluntarily or being laid off (being involuntarily separated from the firm, either temporarily or permanently), unemployed workers obtain employment by being newly hired or being recalled to a job from which they were temporarily laid off, those in the labour force, whether employed or unemployed, can leave the labour force by retiring or otherwise deciding against taking or seeking work for pay (dropping out), those who have never worked or looked for a job expand the labour force by entering it, while those who have dropped out do so by re-entering the labour force. The ratio of those unemployed to those in the labour force is the unemployment rate. While this rate is crude and has several imperfections, it is the most widely cited measure of labour market conditions. The relation among unemployment, employment, and labour force Analytically, to access the unemployment rate we can use the following equality: where , , and designate respectively the working-age population, the level of employment, the number of unemployed, and the participation rate at period t. Defining the unemployment as , we have Using this equation in logarithm terms at time t and t-1, we get: Assuming that u is a small number, this relation allows us to express the variation of unemployment rate as a function of the growth rates of working-age population, employment, and participation: This decomposition shows that the variation in the rate of unemployment come from variations in the employment rate, the size of the working-age population, and participation rate. Chapter 2 Some facts The different unemployment experience During the last 20 years, the industrialized countries have evolved in very different direction with respect to unemployment. In contradiction to Japan, or the United States, most of European countries showed a high proportion of unemployment. Table 1.1 Rates of unemployment, participation, and employment in 20 OECD countries in 2011 Country Unemployment Rate Participation Rate Employment Rate Australia 5,10 78,8 72,70 Austria 4,14 75,79 72,13 Belgium 7,14 68,88 61,93 Canada 7,45 80,25 71,98 Denmark 7,57 83,19 73,15 Finland 7,77 75,43 69,03 France 9,26 69,34 63,80 Germany 5,92 81,04 72,53 Greece 17,66 68,57 55,55 Ireland 14,39 70,96 59,20 Italy 8,40 63,01 56,98 Japan 4,57 80,61 71,20 Luxembourg 4,90 70,57 64,63 Netherlands 4,44 80,13 74,88 Norway 3,21 80,22 75,30 Portugal 12,74 77,42 64,20 Spain 21,64 75,28 57,68 Sweden 7,54 31,00 74,10 Switzerland 4,04 86,60 79,35 United Kingdom 8,01 76,75 69,48 United States 8,95 64,21 66,65 Euro area (17 countries) 10,07 26,20 64,25 EU (27 countries) 9,59 64,30 OECD Total 7,92 27,80 64,85 Source: OECD Data Table 1.1 summarises the unemployment, participation and employment rates in 20 OECD countries for 2011. We see that unemployment is a phenomenon that touches all the countries, but in different proportions. There are some countries such as Austria, Japan, Luxemburg, the Netherlands, Norway, and Switzerland, have an unemployment rate below 5 per cent. But other countries, such as Greece, Ireland, Portugal, and Spain, have an unemployment rate higher than 10 per cent. For the European Union as a whole (27 countries), the average unemployment rate is the neighbourhood of 10 per cent, 2 points greater than the overall OECD unemployment rate. The third column reports the employment rate, i.e. the ratio of the number of persons employed to the number of person in the population (working-age from 15 to 64 years old). This indicator is very important for the analysis since it can be used as a complement to the data of unemployment, given that the definition of unemployment is necessarily objective. As we can see from table 1.1 countries with high employment rate are also the ones who have low rates of unemployment. So there is a negative relationship among them. The second column also shows that participation rates are highly dispersed, since they vary from 63.01 per cent in Italy to 86.60 per cent in Switzerland. Moreover, countries that face high unemployment rate generally have relatively a weak participation rate. This rapid overview of the rates of unemployment, participation, and employment in different OECD countries suggest that certain countries face a relatively high unemployment rate because of insufficient job creation. Examination of changes over time since the beginning of 1950s in unemployment and employment rate in the United States and selected OECD countries will throw further lights on the origins of unemployment. The US unemployment experience in comparative perspective Table 1.2 summarises the unemployment experience of the United States, selected other countries, and the OECD as a whole from 1950 to 2011. The OECD unemployment rate averaged about 3 per cent during the 1950s and 1960s unemployment throughout the OECD increased sharply in the aftermath of the oil shocks of the 1970s and continued rising the worldwide recession of the early 1980s. The overall OECD unemployment rate more than doubled from 2.8 per cent in the 1960s to 7.0 per cent in the 1980s, and has remained at an even higher rate in the 1990s. Last year the overall OECD unemployment rate was 8.2 per cent. Table 1.2 Unemployment rates in selected OECD countries Country 1950 1960 1970 1980 1990 2000 2011 Australia 1,50 2,00 3,90 7,50 9,10 6,28 5,20 Canada 3,80 4,70 6,60 9,30 9,90 6,82 7,50 France 1,50 1,70 3,80 9,00 11,10 9,4 9,30 Germany 4,90 0,60 1,90 5,70 6,50 7,76 6,00 Italy 7,20 3,80 4,70 7,50 10,20 10,59 8,50 Japan 2,10 1,30 1,70 2,50 2.7 4,72 4,80 Netherlands 1,50 0,90 4,00 9,60 6,90 2,95 4,40 Norway 1,70 1,70 1,60 2,80 5,30 3,33 3,30 New Zeland 0,90 0,90 1,50 4,10 8,10 9,00 6,70 Portugal 2,20 2,40 1,60 7,30 5,80 4,04 13,40 Spain 2,10 2,30 4,20 17,50 20,30 13,92 21,80 Sweden 1,70 1,50 1,80 2,20 7,00 5,4 7,60 United Kingdom 1,70 2,00 4,40 10,10 8,70 5,58 8,00 United States 4,40 4,70 6,10 7,20 6,00 4,00 9,10 OECD 3,50 2,80 4,30 7,00 7,30 6,1   8,2 Source: OECD Data Table 1.2 indicates that major OECD nations shared a pattern of rising unemployment from the 1960s to the 1970s to the 1980s, but the magnitude of the increases vary widely across countries, with the largest increase in Spain. In the 1990s the unemployment experience diverge somewhat, with continued increases from the 1980s in most European countries and Australia, but decline in the United States, United Kingdom, and Portugal. In the 2000s there is a general decrease of unemployment rate among all the countries, except in Italy and Japan. From 2000 to 2011 unemployment is a phenomenon that touches all the countries but in different proportion, with the largest increase in Spain and Portugal. The table highlights the distinctive aspects of the evolution of US unemployment. The United States has moved from having a consistently higher unemployment rate than the OECD as a whole in the 1950s, 1960s and 1970s to having a much lower rate in the 1990s and 2000s, but again a higher unemployment in 2011. The United States is the only major OECD economy with a lower average unemployment rate in 2000s than in 1980s: 4.0 per cent in the 2000s versus 7.2 per cent in 1980s. But the current US unemployment rate of 9.1 per cent is the highest experienced since 1980. The composition of US unemployment also differs substantially from many other OECD nations. The United States has much larger month-to-month flows into and out of employment than most of OECD economies and a much lower incidence of long-term unemployment than any advanced OECD economy. Long-term unemployment (six months and less than one year) as a percentage of total unemployment in 2011 stood at 12.43 per cent in the United States as compared with 9.8 per cent in Canada, 13.48 per cent in Australia, 18.65 per cent in France, 14.71 in Germany, 15.03 in Italy, 17.68 in Greece and 18.66 in Spain. US unemployment rates for the working-age population are particularly low (and employment/population ratios are particularly high) for young workers (those aged to 15 to 24), women and older workers (those aged 55 to 64). Overall, the US labour market does a relatively good job of moving new entrants and women into employment. European labour market institutions (especially employment protect ion laws) seem geared to keeping married males in work, but appear to make it tougher for new entrants to gain steady employment. Cyclical versus Structural unemployment The analytical discussion of unemployment since Friedman (1968) and Phelps (1968) start with the hypothesis that at any given time, a national economy is characterized by a natural rate of unemployment. Aggregate demand expansions can (at least temporarily) push the economy below this rate of unemployment, but at the cost of accelerating inflation. Similarly, shocks that raise unemployment above the natural rate lead to deceleration inflation. As long as the policy-maker avoids explosive inflation or deflation, the economy cannot remain persistently above or below the natural rate of unemployment, but it may fluctuate around it. This hypothesis suggests separating changes in unemployment into cyclical fluctuation around the natural rate and structural movement in the natural rate itself. Figure 1 Unemployment in the US, Australia, Europe and OECD Figure 1 illustrates the time patterns of the unemployment rates for the United States, Australia, Europe, and OECD countries from 1970 to 2011. The figure suggests cyclical unemployment fluctuation around a relatively stable natural rate in the United States until 2008, and a possible upward drift in the natural rate in Europe and Australia. The acceleration in inflation in most European economies in late 1980s, despite much higher unemployment rate than in the 1960s and 1970s, indicates a large rise in natural rate of unemployment. The deceleration of inflation in the 1990s and early 2000s suggests that some cyclical component has played a role in recent high European unemployment. 2 Data and Descriptive statistics I next explore in a more depth, the extent to which a relatively stable natural rate of unemployment since 1970 or so is consistent with the experience of the flexible US labour market. The data for this analysis are taken from Bureau of Labour Statistics from 1970 to 2012 (monthly data). 3 Empirical Methodology and Results For estimating the natural rate of unemployment (un) I am going to use the expectations-augmented (or accelerationist) Phillips Curve (EAPC) in which the rate of growth of price inflation (or more generally the difference between current inflation and expected inflation) depends on the deviation of the unemployment rate from the natural rate: where p is the log of the price level, u is the unemployment rate, is a positive coefficient, equals, and is an error term. Expected inflation is assumed to equal the lagged inflation rate (). A regression of the change in the inflation rate on the unemployment rate yields estimates of the natural rate of unemployment ( = -. The basic idea behind this equation is that price inflation increases when unemployment is below the natural rate and decreases when it is above. Table 2.1 Price inflation and unemployment in the United States, Europe and OECD countries United States Europe OECD (1) (2) (3) (4) (5) Constant 0.397562 0.519119 0.142052 11.87027 12.00131 [6.163198] [8.568430] [1.910330] [7.503319] [5.137325] D80 -0.348037 [0.929960] D90 -0.355382 [0.950040] D00 -0.369512 [0.986341] Unemployment rate (u) -0.006995 -0.026207 0.032498 -0.596646 -0.906432 [0.669781] [2.835975] [2.918381] [3.129660] [2.544017] Observations (n) 511 511 511 41 41 Durbin-Watson Statistic 0.798394 0.828986 0.833514 0.233627 0.304103 R2 0.006191 0.015555 0.016457 0.200734 0.142330 Notes: The US regressions cover 1970 to 2012. The dependent variable in all regressions is the inflation rate (Dp).The numbers in parenthesis are standard errors. p=100*log(CPI), using the Consumer Price Index for the United States and Europe; u is the unemployment rate measured in percentage, D80=1 for the 1980- and 0 otherwise; D90=1 for the 1990- and 0 otherwise; D00=1 for the 2000- and 0 otherwise. Estimation for US unemployment Dependent Variable: P Method: Least Squares Date: 10/04/12 Time: 17:04 Sample (adjusted): 1970M02 2012M08 Included observations: 511 after adjustments Variable Coefficient Std. Error t-Statistic Prob.  Ã‚   C 0.397562 0.064506 6.163198 0.0000 UNEMP -0.006995 0.010444 -0.669781 0.5033 D80 -0.348037 0.374250 -0.929960 0.3528 D90 -0.355382 0.374071 -0.950040 0.3425 D00 -0.369512 0.374629 -0.986341 0.3244 R-squared 0.006191   Ã‚  Ã‚  Ã‚  Mean dependent var 0.353720 Adjusted R-squared -0.001665   Ã‚  Ã‚  Ã‚  S.D. dependent var 0.373392 S.E. of regression 0.373702   Ã‚  Ã‚  Ã‚  Akaike info criterion 0.879023 Sum squared resid 70.66469   Ã‚  Ã‚  Ã‚  Schwarz criterion 0.920475 Log likelihood -219.5904   Ã‚  Ã‚  Ã‚  F-statistic 0.788056 Durbin-Watson stat 0.798394   Ã‚  Ã‚  Ã‚  Prob(F-statistic) 0.533265 Estimation for US male unemployment Dependent Variable: P Method: Least Squares Date: 10/04/12 Time: 17:05 Sample (adjusted): 1970M02 2012M08 Included observations: 511 after adjustments Variable Coefficient Std. Error t-Statistic Prob.  Ã‚   C 0.519119 0.060585 8.568430 0.0000 UNEMPMALE -0.026207 0.009241 -2.835975 0.0048 R-squared 0.015555   Ã‚  Ã‚  Ã‚  Mean dependent var 0.353720 Adjusted R-squared 0.013621   Ã‚  Ã‚  Ã‚  S.D. dependent var 0.373392 S.E. of regression 0.370840   Ã‚  Ã‚  Ã‚  Akaike info criterion 0.857814 Sum squared resid 69.99885   Ã‚  Ã‚  Ã‚  Schwarz criterion 0.874395 Log likelihood -217.1715   Ã‚  Ã‚  Ã‚  F-statistic 8.042753 Durbin-Watson stat 0.828986   Ã‚  Ã‚  Ã‚  Prob(F-statistic) 0.004751 Estimation for US female unemployment Dependent Variable: P Method: Least Squares Date: 10/04/12 Time: 17:07 Sample (adjusted): 1970M02 2012M08 Included observations: 511 after adjustments Variable Coefficient Std. Error t-Statistic Prob.  Ã‚   C 0.142052 0.074360 1.910330 0.0567 UNEMPFEMALE 0.032498 0.011136 2.918381 0.0037 R-squared 0.016457   Ã‚  Ã‚  Ã‚  Mean dependent var 0.353720 Adjusted R-squared 0.014525   Ã‚  Ã‚  Ã‚  S.D. dependent var 0.373392 S.E. of regression 0.370670   Ã‚  Ã‚  Ã‚  Akaike info criterion 0.856897 Sum squared resid 69.93471   Ã‚  Ã‚  Ã‚  Schwarz criterion 0.873478 Log likelihood -216.9373   Ã‚  Ã‚  Ã‚  F-statistic 8.516946 Durbin-Watson stat 0.833514   Ã‚  Ã‚  Ã‚  Prob(F-statistic) 0.003674 Estimation for Europe unemployment Dependent Variable: P2 Method: Least Squares Date: 10/04/12 Time: 17:08 Sample (adjusted): 1970M02 1973M06 Included observations: 41 after adjustments Variable Coefficient Std. Error t-Statistic Prob.  Ã‚   C 11.87027 1.582002 7.503319 0.0000 UNEMPEURO -0.596646 0.190642 -3.129660 0.0033 R-squared 0.200734   Ã‚  Ã‚  Ã‚  Mean dependent var 7.164938 Adjusted R-squared 0.180240   Ã‚  Ã‚  Ã‚  S.D. dependent var 3.481375 S.E. of regression 3.152057   Ã‚  Ã‚  Ã‚  Akaike info criterion 5.181538 Sum squared resid 387.4831   Ã‚  Ã‚  Ã‚  Schwarz criterion 5.265127 Log likelihood -104.2215   Ã‚  Ã‚  Ã‚  F-statistic 9.794774 Durbin-Watson stat 0.233627   Ã‚  Ã‚  Ã‚  Prob(F-statistic) 0.003308 Estimation for Europe unemployment Dependent Variable: P3 Method: Least Squares Date: 10/04/12 Time: 17:09 Sample (adjusted): 1970M02 1973M06 Included observations: 41 after adjustments Variable Coefficient Std. Error t-Statistic Prob.  Ã‚   C 12.00131 2.336102 5.137325 0.0000 UNEMPOECD -0.906432 0.356299 -2.544017 0.0150 R-squared 0.142330   Ã‚  Ã‚  Ã‚  Mean dependent var 6.186970 Adjusted R-squared 0.120338   Ã‚  Ã‚  Ã‚  S.D. dependent var 3.301618 S.E. of regression 3.096597   Ã‚  Ã‚  Ã‚  Akaike info criterion 5.146035 Sum squared resid 373.9676   Ã‚  Ã‚  Ã‚  Schwarz criterion 5.229624 Log likelihood -103.4937   Ã‚  Ã‚  Ã‚  F-statistic 6.472025 Durbin-Watson stat 0.304103   Ã‚  Ã‚  Ã‚  Prob(F-statistic) 0.015033 Conclusion References Literature Ronald G. Ehrenberg, Robert S. Smith Modern Labour Economics. Theory and Public Policy Pearson International Edition, 2009, Tenth Edition Internet Sources http://www.tradingeconomics.com http://www.indexmundi.com/ http://www.statcan.gc.ca/daily-quotidien/120907/dq120907a-eng.htm Eurostat Website: http://ec.europa.eu/eurostat I have a problem with the regression of this model: I have monthly data. But when I estimate it on Eviews, the results I get are not that expected: R-squared is very small (near to zero), the standard errors are all smaller than 1. In order to estimate the model first I have done this: P=100*log(CPI), but Im not sure if is right or not. I can send the data after if this description is not enough.

A Comparison of the Mead-hall in Beowulf and The Saga of King Hrolf Kraki :: comparison compare contrast essays

Mead-hall in Beowulf and The Saga of King Hrolf Kraki  Ã‚        Ã‚  Ã‚  Ã‚   Is the mead-hall mentioned only in Beowulf or is it an element common also to this famous Icelandic saga? Is the mead-hall described the same way as in Beowulf?    Remaining true to the Anglo-Saxon culture’s affinity for mead (ale/beer/wine), the characters of Beowulf partake frequently of the strong beverage. And the mead hall is their home away from home, with more entertainments than just fermented beverages: â€Å"gold and treasure at huge feasts †¦ the words of the poet, the sounds of the harp.† Needless to say, with â€Å"the world’s greatest mead-hall †¦ Hrothgar’s people lived in joy.† â€Å"after a mead party the Danes †¦ knew no sorrows.† When Grendel â€Å"moved into the [mead] hall,† that is an indescribably torturesome pain for everyone: â€Å"Hrothgar was broken †¦ the Danes forgot God †¦ [they were] in great distress †¦ they wept and seethed.† When Beowulf and his men arrive they immediately â€Å"came toward the hall †¦ then sat down on benches †¦ pouring sweet drink.† They came â€Å"to cleanse Heorot [the mead hall],† to stop the â€Å"humiliations in Heorot† where men are â€Å"over their ale-cups.† Beowulf predicts: â€Å"When I get done with him, anyone who wishes may happily go into the mead hall.† Unferth, in his battle rune at Hrothgar’s feet, was insulting to the hero because Unferth was â€Å"drunk on mead.† When Queen Wealhtheow entertained the Geats, she first bid the king â€Å"joy in his mead drinking,† then â€Å"went around to each †¦ sharing the precious cup.† When the hero began fighting the monster, â€Å"many a mead bench †¦ went flying.† The next day the queen â€Å"walked among the mead seats,† and everyone â€Å"drank many a mead cup.† References to this subject are too numerous to enumerate. In the hero’s last days the fire dragon brought death to the Geats; the â€Å"wine hall† was â€Å"abandoned †¦the surging fires burned his house, the mead hall of the Geats. That was â₠¬ ¦ the greatest of sorrows.† Wiglaf, in censuring the ten who deserted their chief, said, â€Å"At the ale-bench he often gave you †¦ helmets and armor.† In this classic poem, can there be anything more vital or essential to joyful living, or to conducting business, than the mead-hall?    T. A. Shippey in â€Å"The World of the Poem† (45) says:    Some objects in fact reach â€Å"mythic† status – most obviously halls.

Indian Ethos and Values Essay

This is the first truth thought to every child. Even a poor uneducated man living in a hut knows that God is in everybody and therefore there is sameness in all. The second truth is about a holistic universe. Where at a level of pervading consciousness everything is interconnected at WASTHI LEVEL (Individual level) my limbs, hands, legs, ears, eyes, heart, lungs†¦. Everything are me. I live in all of them. Their sorrows and joys are my sorrows and Joys. Similarly at SAMASTHI level (the whole universe) I am not a single individual but I am a part of the whole universe Just as my limbs are part f me. Modern science has accepted that in this holistic universe all minds and matters are interconnected at a deeper level. The basic unity of life cannot be broken. Love, sacrifice therefore emerge as the only for a meaningful living. On the basis of this holistic vision, Indians have developed work ethos of life. They found that all work, physical or mental, managerial or administrative have to be directed towards single purpose. The manifestation of the divinity in man by working for the good of others, for the happiness of others. These Indian ethos are required all over he world in present scenario in managing business and industry effectively and efficiently. Some of these ethos are as follows: All work/Karma to manifest divinity, hence these must be pure, good, honest and sincere. Indian philosophy also teaches to perform every work without having any attachment to result, because results do not fall under the Jurisdiction of a doer. Such thinking and understanding will change the whole attitude. Now the results will become a PRASAD-gratitude – coming from the God himself. You can now accept the result with open mind without apprehensions-Just as you accept members into Considering motivations as internal every human being has the same divine atman with immense potentialities within Vedanta brings infinite expansion of mind, breaks down all the barriers and brings out the God in man. Motivation is to be internal and not external. Such motivation involves the inner beauty and does not promote any greed in an individual to have more and more in return of his work. Such an understanding is essential before embarking on the task of building the indigenous system of management. These are: Essential divinity of human soul Essential owners and solidarity of universe and all Philosophy of an integral experience. Family is the basic unit of social system. Rishi and ashramiac culture. Purusharth the mission. Varna-Ashram system. Spirit is free enquiry, tolerance and selective assimilation. The characteristics of Indian culture are that attends to be pervasive and enduring. When an international company is setting up business in India, it will have to look for the acceptability of their management in its present form in the Indian situation. The four basic cultural dimensions which may account for differences in management and HRD practices across culture are: the extent to which a society empahises collective rather than individual activity. the extent of power distance or tolerance for social inequility the extent of acceptance of uncertainity the extent to which a society empahises â€Å"masculine values† and behaviour such as assertiveness,ambitiousness and dominance etc. In the above diagram, the basic or the fundamental requirement for a manager is his VISION’ and attitude towards the environment in its totality i. e. Cosmic view based on cultural values. Next comes the emotional stability of the manager. He must be a self- controlled and self-propelled man. This can come by the heavy input of sattvic gunas and the constant practice of niskam karm. Job skills is the last input. Which though important, is not the ‘Core Requirement’ as the westerners view it. Hence any international company should imbibe above mentioned features seeking the business in India.

An Analysis of Accountability in Traditional, New and Networked Public Management

An Analysis of Accountability in Traditional, New and Networked Public Management Introduction Articles such as Considine (2002) and Kluvers Tippett (2011) detail the importance of accountability in governance and how it is an integral aspect in establishing proper public management and policy networks. It is quite interesting to note though that traditional public management as well as new public management have different views and criticisms on how accountability should be applied in the field of governance.Advertising We will write a custom essay sample on An Analysis of Accountability in Traditional, New and Networked Public Management specifically for you for only $16.05 $11/page Learn More For example, in traditional public management accountability is thought of as a type of formal and hierarchical framework from which managers within their respective departments comply with a set format of rules, regulations and standards of conduct. However, as described by Wood (2004) in his examination of accountability in traditional public m anagement, this type of accountability often results in slow systems wherein in their desire to comply with set standards of accountability managers actually fail to implement discretionary measures to get the job done so to speak which results in an unwieldy system of governance (Wood, 2004: 1-30). Researchers such as Considine (2002) who examined accountability in public management even point out that too much of it can clog up the works, diverting resources and opening organizations to perverse pressures (Considine, 2002: 21-40). It is based on these different accounts of what accountability consists of that it is necessary to determine how accountability is applied differently in different methods of public management. The purpose of this essay to is to analyze the various changes that occur in public accountability. This ranges from examining traditional public administration, to going over network governance and finally to briefly elaborating on new public management. This ess ay is divided into four main sections: an initial section that will examine the theoretical aspects of public accountability, after which it will delve into the 3 models of public administration in which the differences in the three models in terms of accountability will be explained and lastly this paper will attempt to demonstrate public accountability in network governance. This paper will help to reveal how too much accountability in traditional public management and policy networks can clog the works as stated by Considine (2002) and to what extent should accountability be applied to avoid stagnation due to fear and hesitance or to prevent abuse as a direct result of too much freedom.Advertising Looking for essay on public administration? Let's see if we can help you! Get your first paper with 15% OFF Learn More What are the theoretical aspects of public accountability? It is interesting to note that the concept of accountability is considered an importa nt aspect of any government entity. The reason behind this is quite simple; it acts as an integral facilitator of the relationship between the government and ordinary citizens since it holds public officials accountable for their actions (Alford Hughes, 2008). Studies such as those by Martin Halachmi (2012) explain that public accountability should be considered a hallmark of effective governance since without it, it is likely that government bureaucracy could fall into a state where it becomes omnipotent and innately corrupt (Martin Halachmi, 2012: 189-23). According to studies such as those by Kluvers Tippett (2011), the concept of accountability should not be interchanged with that of responsibility (Kluvers Tippett, 2011: 3-9). Responsibility is considered the manner in which a manager or department head is responsible for the actions of their employees to a certain degree. This does not mean that they are liable for all errors committed; rather, they are responsible for ac tions committed which are done in the line of duty. In the case of accountability this takes the form of being accountable for the success or failure of particular programs based on their performance (Koliba et al., 2011: 210-220). A manager cannot simply offset the blame towards his/her subordinates; rather, regardless of errors committed that manager/official was still liable for the aftereffects of the program and should face the consequences of such actions (Koliba et al., 2011: 210-220). A working culture is defined as the set of organization traits and practices that employees follow within a given business environment. As such their actions, practices and goals are all determined by the working culture by which they adhere their actions to. What must be understood is that different working cultures promote various types of behaviors within their employees one of them is the idea that they are accountable for their actions (Pennington, 2009: 146-150). As stated by Samaratunge, Alam Teicher (2008), public accountability it is meant to invoke a sense of reliability, loyalty, justice and trust between the public and the official in charge (Samaratunge, Alam Teicher, 2008: 101-126). By being accountable for ones actions, this ensures the public that those in charge of the public good are doing so based on the awareness that their actions will be judged with the official being liable for the end result, whether good or bad.Advertising We will write a custom essay sample on An Analysis of Accountability in Traditional, New and Networked Public Management specifically for you for only $16.05 $11/page Learn More In order to understand more about this concept, it is necessary to understand how accountability is divided in the present Samaratunge, Alam Teicher (2008). Through the study of Chan Rosenbloom (2010), accountability is divided into 4 distinct types, namely: hierarchical legal political professional In the case of politica l and professional accountability, it is important to note that these grant a greater degree of autonomy wherein public officials are allowed more leeway in terms of discretionary measures that can be utilized in order to pursue particular tasks (Chan Rosenbloom, 2010: 21-33). This is particularly important to take into consideration since studies such as Kluvers Tippett (2011) explain that when it came to public management overly strict accountability checks on governments often led to a degree of hesitance in developing new policies and public management strategies which resulted in a complacent or even stagnant form of governance (Kluvers Tippett, 2011: 519-527). In such cases, officials were often too hesitant or fearful in performing particular duties or establishing particular reforms due to the burden of accountability. This was noted when it came to hierarchical and legal accountability wherein there were more â€Å"checks† when it came to performing particular act ions which resulted in an active discouragement of discretionary measures in public management. In the case of new public management such limitations were apparently addressed by freeing officials within the government to a certain extent to allow them the freedom to better manage policies, strategies and employees to make their system of public management more effective (Alford Hughes, 2008:148. One iteration of this came in the form of privatization of functions that were originally within the domain of government departments (Kluvers Tippett, 2012: 519-527).  Other forms of accountability as expressed by Burns Zhou (2010) include organizational accountability, individual accountability, collective accountability and corporate accountability (Burns Zhou, 2010: 7-34). Basically, what these forms of accountability emphasized when it came to public management was that as a result of various government officials and employees being entrusted with tax payer money in order to prov ide particular services, they in turn have the obligation to utilize these funds in a proper manner and in effect be accountable for doing so.Advertising Looking for essay on public administration? Let's see if we can help you! Get your first paper with 15% OFF Learn More It is based on this that when officials and employees violate the sanctity of this trust that they should be punished to the fullest extent of the law.  Another aspect of accountability that should be taken into consideration is the concept of an organizations accountability to perform. As stated by Demirag Khadaroo (2011) government institutions are accountable to the general public in being able to provision the benefits and services that they are being paid to accomplish (Demirag Khadaroo, 2011: 271-296). This creates the needs to establish particular objectives, goals, metrics and bench-marks that are needed in order to ensure that governments are well aware of the necessity of reaching these particular goals in order to stay true to their accountability to the general public (Demirag Khadaroo, 2011: 271-296 ). Clear evidence of a violation of government accountability to performance was noted in the case of the political culture within the U.S. involving the tempestuous re lationship between Republicans and Democrats. During the decision to raise the debt ceiling (2011 2012), it was the adversarial political culture between the two parties that stalled the necessary decision to raise the debt ceiling to such an extent that Standard and Poor actually downgraded the investment grade status of the U.S. as a result. By the beginning of 2012 public perception regarding the continued effectiveness of the U.S. government significantly waned given that the sheer lack of accountability to perform that was displayed. Examining Accountability in Traditional Public Administration As explained earlier, accountability in traditional public administration is seen through the lens of political and democratic accountability. In such cases government officials and employees are held accountable to the general population by way of the popular vote. This means that those in the civil service are accountable to the countrys citizens by way of the politicians that they se rve. It should be noted though that there are distinct problems with the TPA model involving accountability (Heinrich, 2002: 712-725). First and foremost, while politicians are held accountable by the general public for the failure of particular projects or policies, the administrators of such projects are at times not held liable for failure despite their intimate role in the projects/policys inception and execution. Another problem with the TPA model of accountability comes in the form of its emphasis on capturing mistakes rather than showing achievements. In such cases, politicians and administrators often to follow the past of least resistance in enacting certain projects or policies. In this regard the hesitance seen among the members reveals the unwillingness to commit mistakes since it is often the mistakes rather than the achievements that are the primary focus of the TPA accountability model. This results in the same problems described by Considine (2002) who examined accou ntability in public management wherein he stated that too much accountability can clog up the works, diverting resources and opening organizations to perverse pressures (Considine, 2002: 21-40). The TPA model involving accountability helps to reduce the amount of mistakes made through greater supervision of actions due to the liability of politicians towards the actions of their subordinates, the fact remains that this results in a slower form of public management. In the examination of Humphrey Miller (2012) on accountability practices, Humphrey and Miller attempted to determine the impact of accountability on public management, they were able to reveal that less accountability resulted in a more efficient system of governance since this allowed officials to pursue results rather than specifically focus on the procedures involving the financial and legal aspects of public management (Humphrey Miller, 2012: 295-327). Examining Accountability in New Public Management Based on the w ork of Wimbush (2011) which examine the new public management model of accountability, citizens are viewed as customers with public officials being the managers ensuring that these customers are satisfied with the services that they are being given (Wimbush, 2011: 211-218). In the case of the NPM model of accountability, managers (i.e. public officials) shifted the focus more towards improving the relationship between the government and the citizenry as compared to the previous model which focused more on developing a more hierarchical process of accountability (Ospina, Grau Zaltsman, 2004: 229-251). In this case the bureaucracy of accountability was shifted towards the side of the citizens wherein they, as consumers of the services of the government, are better positioned to be evaluators of public agencies.  The main different between the NPM model and the TPA model of accountability is that the latter is actually considered inefficiently due to the way in which it focuses on t he control of expenditure rather than the actual outcome of a policy or project. As explained by Zapico-Goà ±i (2007) such a form of governance rarely achieved sufficient results given the level of stagnation brought about by hesitance to operate beyond indicated guidelines as a direct result of accountability (Zapico-Goà ±i, 2007: 421-438). One of the most notable differences between the accountability models is the fact that the NPM model focuses on performance accountability wherein the measurement of performance involving the implementation of policies and the use of resources is the focus rather than accountability for mistakes made found in the TPA model. It is actually due to this focus on performance rather than the avoidance of mistakes that makes the NPM model superior to a certain extent as compared to the TPA model since it encourages action rather than complacency. Studies such as those by Hildebrand McDavid (2011) have even stated that through the NPM model, public management improved significantly as a result of a greater government predilection towards creating and establishing new projects and policies meant to assist the general public (Hildebrand McDavid, 2011: 41-72). The last difference between the two models comes in the form of a shift towards allocating accountability towards the private sector when it is utilized in government projects and public services (Narayanan et al., 2007: 37-65). However, despite the apparent effectiveness of accountability due to the shift to new public management, there are still issues that need to be addressed such as whether the current form of accountability within new public management is actually more effective than traditional public management or if the freedoms found in the new system cause more problems than they actually solve. This is not to say that accountability should be removed from the formula of governance, far from it, accountability to ones superiors and ultimately to the general publ ic is an essential aspect for governance for without it the likelihood for abuse or mismanagement exists. Accountability in Network Governance In the network governance model, accountability becomes more horizontal rather than vertical wherein the utilization of various public agencies to help the government better understand the needs of the people resulted in the creation of public value wherein the government attempted to develop an effective and active relationship with the local citizenry (Brodkin, 2008: 317-336). As a result, the NG model combines the cooperation and combination of the public and private sectors in order to achieve the results the government desires.  A better way of seeing the impact of accountability in the network governance model is to look at it from the point of view of its decentralized nature. With various sectors and component agencies constituting this particular model, there is no centralized structure that dictates actions wherein each agency or sector is able to act based on what they perceive to be the most appropriate form of action at the time. This is considerably different to the hierarchical model seen in traditional public management wherein its top down structure ensured that those at the top found themselves accountable and liable for the actions of those at the bottom thereby resulted in an increased level of supervision and limitation on individual initiatives. The end result is that the network governance model of accountability, just like the new public management model of accountability, allows government officials to better respond to the needs of the general public without letting the intricacies of accountability mixed with bureaucracy impede their actions. Conclusion Based on the various facts and arguments that have been presented in this paper so far, I have come to the conclusion that there is an insufficient degree of independent checks and balances system in the current accountability frameworks of g overnance that have been talked about. The basis behind a check and balances process is to ensure that one facet of an organization does not become supreme in that based on a system of regulation one branch of a particular organization can regulate the other. The concept of accountability is actually the basis of this particular process since without a system of regulation where one branch limits the other the possibility of actions without regard to possible accountability is a definite danger that could happen. In the case of a successful organization a proper checks and balances process will be composed of several departments being limited in their action by other department with each aspect of the process having a certain degree of accountability. For example in the case of the healthcare industry doctors are held in check by healthcare providers by ensuring that only necessary tests are done to the patient in order to minimize the possibility of extra expenditure. It is true th at government officials should be held accountable to their actions, however, the fact remains that with the earlier example of the U.S. and its debt ceiling shown, in the current system, despite the fact that it has been greatly improved since its previous iteration is is still lacking in sufficient checks and balances to ensure that public management is done based on a solid belief in accountability for actions that are done or not accomplished at all. Reference List Alford, J., Hughes, O. (2008). Public value pragmatism as the next phase of public  management. The American Review of Public Administration, 38(2), 130-148. Brodkin, E. Z. (2008). Accountability in Street-Level Organizations. International Journal  Of Public Administration, 31(3), 317-336 Burns, J. P., Zhou, Z. (2010). Performance Management in the Government of the  Peoples Republic of China: Accountability and Control in the Implementation of  Public Policy. OECD Journal On Budgeting, 2010(2), 7-34. Chan, H. S., Rosenbloom, D. H. (2010). Four Challenges to Accountability in  Contemporary Public Administration: Lessons From the United States and China.  Administration Society, 4211S-33S. Considine, M. (2002). The end of the line. International Journal of Policy, 15(1), 21-40. Demirag, I., Khadaroo, I. (2011). Accountability and value for money: a theoretical  framework for the relationship in public-private partnerships. Journal Of  Management Governance, 15(2), 271-296. Heinrich, C. J. (2002). Outcomes-Based Performance Management in the Public  Sector: Implications for Government Accountability and Effectiveness. Public  Administration Review, 62(6), 712-725. Hildebrand, R., McDavid, J. C. (2011). Joining public accountability and performance management: A case study of Lethbridge, Alberta. Canadian Public  Administration, 54(1), 41-72. Humphrey, C., Miller, P. (2012). Rethinking impact and redefining responsibility the  parameters and coordinates of accountin g and public management reforms.  Accounting, Auditing Accountability Journal, 25(2), 295-327. Kluvers, R., Tippett, J. (2011). The Views of Councillors and Managers on  Accountability in Local Government: An Empirical Study in Australia. International  Journal Of Management, 28(2), 519-527. Kluvers, R., Tippett, J. (2012). The NPM: The Trojan Horse in Accountability.  International Journal Of Business Management, 7(3), 3-9 Koliba, C. J., Mills, R. M., Zia, A. (2011). Accountability in Governance Networks: An  Assessment of Public, Private, and Nonprofit Emergency Management Practices  Following Hurricane Katrina. Public Administration Review, 71(2), 210-220. Martin, M. H., Halachmi, A. (2012). Public-private partnerships in global  health: addressing issues of public accountability, risk  management and governance. Public Administration Quarterly, 36(2),  189-23 Narayanan, V., Schocht, H. P., Harrison, G. L. (2007). The interplay between  accountability a nd management control patterns in public sector outsourcing.  International Journal Of Business Studies, 15(2), 37-65. Ospina, S., Grau, N., Zaltsman, A. (2004). Performance evaluation, public  management improvement and democratic accountability. Public Management  Review, 6(2), 229-251 Pennington, R. G. (2009). Yes, but how? Nine tips for building a culture focused on  results, relationships, and accountability. Industrial Commercial Training, 41(3),  146-150. Samaratunge, R., Alam, Q., Teicher, J. (2008). Public sector reforms and  accountability: The case of south and Southeast Asia. Public Management  Review, 10(1), 101-126 Wimbush, E. (2011). Implementing an outcomes approach to public management and  accountability in the UK-are we learning the lessons?. Public Money   Management, 31(3), 211-218 Wood, R. S. (2004). The New Public Dilemma: Supervision vs. Empowerment on the  Front Lines of Government. Conference Papers Midwestern Political Science  As sociation, 1-30. Zapico-Goà ±i, E. (2007). Matching Public Management, Accountability and Evaluation in  Uncertain Contexts. Evaluation, 13(4), 421-438

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Vocational Ministry Paper Research Example | Topics and Well Written Essays - 1500 words

Vocational Ministry - Research Paper Example This good progress has suffered in recent times however, from a growing lack of funds to provide the extra accommodation and equipment that these students need. Financial crisis at Federal government level has seen budgets cut, while schools have to jump over more and more complex hurdles to achieve compliance with any number of new rules. This paper explores this issue of the lack of funding for special educational needs, showing how students’ theoretical rights are not being respected, and what the consequences of this are. It examines the reasons why funding is not forthcoming, and what responses have already been tried. Finally it suggests a creative Christian response to the problem through building closer local linkages between churches and schools. The theoretical rights of students with special needs Most people, if asked directly what they think of special needs education, would support the idea that children should be educated according to their actual needs. There i s no problem with the idea of providing this service and all public schools no doubt have every intention of delivering this to best of their ability. There is, an issue, however, which colors the debate on how best to deliver the rights that children with special needs have for an education tailored to their specific situation: â€Å"Many of the debates circulating around the concept of inclusion focus less on the children and more on ideology, legal issues or practical ramifications involved. At the heart of much of this discussion lies the issue of money: to what extent is special education defined, or even driven, by financial considerations?† (Osgood, 2008, p. 127) The tighter the financial situation is, the more people push special needs to the edge, and this is the problem that needs to be addressed. The actual deficit in the delivery of students’ rights It is very difficult to measure the extent of student special educational needs, or the level of the gap betw een what is required and what is actually delivered. One of the reasons for this is that the definition of this category has not been constantly applied over time and across the different states of America. Other reasons include the fact that some special educational needs are more difficult to identify than others, and some vocal pressure groups demand more resources for selective types of educational need (Farrell, 2012). In my experience there is a good system in place for special needs, but the biggest problem is caused by delays in moving from one stage of the process to the next. If a student is diagnosed as needing a particular intervention, or access to particular accommodation, or tuition from a particular member of staff, very often there is simply not the capacity to provide what everyone agrees is necessary. The aspirations of the system cannot be delivered because the funds are capped but the student diagnoses are not. Consequences of the lack of resources for students and for schools The consequences of the lack of resources for students can be very serious indeed. Students only have a limited amount of time in each grade, and every week that passes while they wait for whatever service they need is a precious learning opportunity that has been lost. I have witnessed many parents in tears because schools cannot provide their child with suitable

Latinos Communityeth Essay Example | Topics and Well Written Essays - 1750 words

Latinos Communityeth - Essay Example Latinos is a term used for the people who belong to Latin America. This region consists of each countries, each with their unique language, culture and identity. But their immigration to other countries of the world like United States of America and Spain have crushed their individual identity and made them popular as a collective unit, yet considered a minority and treated with biases and prejudice. This discrimination and highlight of a community aspect of Latinos has been mostly brought forward by the Spanish media, whether it be the television, newspapers, radio or the likes. Such media propogation by any country gives further impetus to different countries to form stereotypes and biases for these people. An Argentinian has a totally different culture than the Bolivian who lives in U.S., a Brazilian has different beliefs than a Colombian who works in U.S. and Ecuadorian will have different thought processes than a person from Panama who study together in U.S. Such differences nee d to be highlighted. Latin America's rich and diverse culture needs to be brought in front of the world but what media does is only show a cross-section of population from Latin America, collectively labels them as Latinos and ignores the diversity available in the region. This is an important topic to address as it wants to... Other topics would just have been an addition to the database of various papers who talk about Latinos. But talking about the injustice that they go through and the situation of being referred to as "Latinos" puts them in an advantageous position as a community and at a disadvantage when it comes to their individuality. This ambiguous situation is difficult to weigh and talked about rarely. The Latinos know what they go through but I, being a student, subjected to the study of Latino culture, want to unravel their range of cultures and individuality as written and argued by prominent authors. Many authors have written on the subject of Latino identity in U.S. and propogation by the Spanish Media. Let us analyse each book and what went in the writing of each: LATIN AMERICA AND ITS PEOPLE, VOLUME I This book has been beautifully penned down in unity by Martin C. and Wasserman, M. They have talked about Latin America till the 1830s. The writers have emphasized on the relationship that Latin America had with Spain. It got a kick start when Latin America got most of Spain's colonies, only with the exception of Cuba and Peurto Rico. This was the harvesting of the seeds of enmity in the heart of Spain. They had lost all their colonies to Latin America and therefore, from them onwards till date, they have used their media as a powerful tool against the Latinos. They are clever enough not to declare open wars against them, but are satisfied by what little damage they can create throught their media. The author has focused on all sides of Latin America, be it be social, political, environmental and cultural history. It does not focus on Latin America country by country, rather takes an all-region approach. But nonetheless, it does not ignore the

Financial Accounting has become increasingly standardised and Essay - 1

Financial Accounting has become increasingly standardised and harmonized across organizations in different industries, while Management Accounting continues to be highly variable - Essay Example The following paragraphs will explain in detail why there MUST be a compulsory implementation of harmonized accounting standards in financial accounting (Leuz, Pfaff, and Hopwood 3). Both approaches reflect the different purpose and role of financial and management accounting to the extent that is required for quality decision making activities. The users of financial statements will need the latest copy of the balance sheet to determine the total amount of assets that the company owns. The assets are the resources of the company. The assets include both the current as well as the non -current assets. Current assets include cash, receivables from customers and subsidiaries, inventory end, office supplies, office equipment, land, buildings, factory equipment and other assets. Likewise, the users of the financial statements are interested to get a copy of the latest balance sheet in order to know the total liabilities or payables of the company. The liabilities include both the current liabilities and long term liabilities. In addition, the users of the financial statements need the balance sheet in order to determine the total stockholders equity section. Further, the users of the financial statements need the latest copy with the possibility of obtaining the prior year or years financial statements to determine how much the company has generated in terms of sales and cost of sales. This data is found in the income statement. the income statement shows the total amount of gross profit, administrative and marketing expenses. Likewise, the users of the financial statements will need the statement of cash flows to determine where the cash inflows and cash outflows had gone to during the accounting period. Usually, the accounting period covers a twelve month period. Further, the following discussion of the Enron scandal will give a deeper reflection of the different different purpose and role of financial accounting to the extent that is required for quality

Latinos Communityeth Essay Example | Topics and Well Written Essays - 1750 words

Latinos Communityeth - Essay Example Latinos is a term used for the people who belong to Latin America. This region consists of each countries, each with their unique language, culture and identity. But their immigration to other countries of the world like United States of America and Spain have crushed their individual identity and made them popular as a collective unit, yet considered a minority and treated with biases and prejudice. This discrimination and highlight of a community aspect of Latinos has been mostly brought forward by the Spanish media, whether it be the television, newspapers, radio or the likes. Such media propogation by any country gives further impetus to different countries to form stereotypes and biases for these people. An Argentinian has a totally different culture than the Bolivian who lives in U.S., a Brazilian has different beliefs than a Colombian who works in U.S. and Ecuadorian will have different thought processes than a person from Panama who study together in U.S. Such differences nee d to be highlighted. Latin America's rich and diverse culture needs to be brought in front of the world but what media does is only show a cross-section of population from Latin America, collectively labels them as Latinos and ignores the diversity available in the region. This is an important topic to address as it wants to... Other topics would just have been an addition to the database of various papers who talk about Latinos. But talking about the injustice that they go through and the situation of being referred to as "Latinos" puts them in an advantageous position as a community and at a disadvantage when it comes to their individuality. This ambiguous situation is difficult to weigh and talked about rarely. The Latinos know what they go through but I, being a student, subjected to the study of Latino culture, want to unravel their range of cultures and individuality as written and argued by prominent authors. Many authors have written on the subject of Latino identity in U.S. and propogation by the Spanish Media. Let us analyse each book and what went in the writing of each: LATIN AMERICA AND ITS PEOPLE, VOLUME I This book has been beautifully penned down in unity by Martin C. and Wasserman, M. They have talked about Latin America till the 1830s. The writers have emphasized on the relationship that Latin America had with Spain. It got a kick start when Latin America got most of Spain's colonies, only with the exception of Cuba and Peurto Rico. This was the harvesting of the seeds of enmity in the heart of Spain. They had lost all their colonies to Latin America and therefore, from them onwards till date, they have used their media as a powerful tool against the Latinos. They are clever enough not to declare open wars against them, but are satisfied by what little damage they can create throught their media. The author has focused on all sides of Latin America, be it be social, political, environmental and cultural history. It does not focus on Latin America country by country, rather takes an all-region approach. But nonetheless, it does not ignore the

The Keepers of the House Essay Example for Free

The Keepers of the House Essay There is an interesting part of history that goes unnoticed. The treatment of blacks in the South during the time of slavery plays an intricate part of America’s history, which gets frequently overlooked. The Keepers of the House by Shirley Ann Grau sheds light on this time period, following a family, living in rural Alabama in the 1960’s. Grau explains this family: â€Å"All in all the Howland’s thrived. They farmed and hunted; they made whiskey and rum and took it to market down the Providence River to Mobile (Grau 12). The story follows three generations of the Howland family living in a community that ultimately turns on them. Grau takes inspiration from the time period along with having multiple themes to craft an interesting and impactful Pulitzer Prize novel. The Howland’s were a family that lived in the same area for many years. William Howland, the fifth, lost his wife, leaving him to take care of his young daughter Abigail and a son William who dies shortly after. Abigail then marries a man who leaves her with her own daughter Abigail. William’s daughter dies and leaves him with a granddaughter to take care of. Soon after, William hires an African American, Margaret, woman as a housekeeper. Abigail talks of the lasting affects William and Margaret left on her: â€Å"I am caught and tangled around by their doings. It is as if their lives left a weaving of indivisible threads in the air of this house, of this town, of this county. And I stumbled and fell into them† (Grau 6). Around town, she became know as his mistress and mother of his other children. In secret, they marry for the children’s sake. Later, after the children grew up, they were sent up north so they could live as normal white citizens. Abigail later marries a man named John Tolliver who aligns with the Klu Klux Klan during his run for governor. Robert, the eldest of the Howland brothers was outraged by this and released an article hurting Tolliver’s cam paign. Tolliver and Abigail end their marriage near after. Back where the Howland’s live, the town is still outraged about the marriage between William Howland and the African American homemaker Margaret. Even though both of them had died, the town gathered and lit the barn on fire and killed many of their livestock. Grau writes, â€Å"The Howland they wanted was dead. His Negro wife was dead. Their children disappeared. And so they were wrecking the only thing that was left of him, of them. First the barn and then the house† (Grau 285). The novel comes full circle when Abigail gets revenge on the town’s people and ruins the entire local economy along with the town. It seems as though Shirley Ann Grau took inspiration from the history of this time period along with what it may have been like growing up at that time in that place to set a scene of exactly what this time period may have looked and felt like. Showing what the Howland family went through, along with the way they were treated set a scene for not only a family struggle but a national struggle as well. The way she describes the scenery, puts you there in at time. Grau writes, â€Å"November evenings are quiet and still and dry. The frost-stripped trees and the bleached grasses glisten and shine in the small light (Grau 1). As well as the scenery, Grau uses her deep characters in the story to highlight how people were affect by this issue. Abigail is the main character narrating this story. Grau tells the happenings of this time through her eyes as well as through the actions of William Howland, Margaret, John Tolliver and Robert Howland. Each of these characters makes an impact on this story, as well as the main character Abigail. For example, Abigail’s husband John Tolliver shapes her character into a tough skinned woman. He treats her unfairly as a wife but she learns from that and takes it with her. Grau writes, â€Å"I knew what John meant: I was the perfect wife for a candidate. He had chosen and trained me well (Grau 257). This marriage helps toughen up Abigail for the future as she fights for her family. There are two main themes taken from this novel: racism and family. Racism is a clear theme throughout this novel given the time period and scenario that takes place with a secret African American maid, wife and mother. Racism is shown through the scenario when Tolliver bashes blacks during his campaign for governor. Tolliver talks about African Americans in vulgar and horrible ways. When talking about William and Margaret’s children he says, â€Å"He couldn’t let his children be bastards, even if their mother was a Negro† (Grau 271). This is just one example of the way African Americans are talked about at this time. Also, the area where the Howland’s live, do not take the news of William marrying Margaret lightly just because she is African American. Family is another theme portrayed in this novel. The Howland’s go through trials and tribulations that test their family as a whole. For example, like stated before, the town completely turns on the Howland’s when they find that William and Margaret had married. Abigail takes a stand for her family and fights back. She stands up for her family and the house they have lived in for so many years. Grau shows just how much Abigail cares for her family and home. She writes, â€Å"Child, I thought you don’t even know, its possible to love a house and land that much (Grau 274). These two themes play a role in teaching readers about the time period and the struggles it caused. The Keepers of the House by Shirley Ann Grau sheds light on an issue sometimes forgotten about in society today: the treatment of African Americans in the 1960’s. Using things like history from this time and family themes, Grau establishes that this issue was serious and did exist. Abigail Howland ultimately stands up for what she believes in and protects her family but also puts a small dent in this civil rights movement. As her journey comes to an end she says, â€Å"I stood on that cold windy grass and saw what I had done. I saw that it wasn’t bravery or hate. It was, like my grandfather said, necessity. And that’s pretty poor comfort but at times its all you’ve got† (Grau 290). Abigail’s narration of her family’s story along with the use of strong and deep characters, shape for a wonderful Pulitzer Prize novel.

The Relationship Between Centripetal Force And Velocity Environmental Sciences Essay

The Relationship Between Centripetal Force And Velocity Environmental Sciences Essay Investigate the relationship between centripetal force and velocity in circular motion, when a stopper is swung with a string in which different weight hangers are attached to. DATA COLLECTION AND PROCESSING According to Mr. Isaac Newton, an objects natural state of motion is to stay at rest if its already at rest or to continue in linear, uniform motion unless its subjected to a net, external force. This means that if an object is moving at constant velocity (or speed) in a straight line, it will continue to move in a straight line, at that same velocity, unless some outside force changes its motion in some way. So in order for an object to move in a circular path, some force is needed to pull it away from the straight-line trajectory it wants to follow (i.e., its natural state of motion). Some force needs to pull the rotating object in at every single point along its circular path in order for it continue moving in a circular fashion (instead of allowing it to follow its natural state of motion)[1]. If an object moves in a circular path there must be centripetal Force acting on it. In this experiment we will investigate the relationship between centripetal force and velocity. Next we will show how our raw data is going to be manipulated: Initially we will show T for 20 revolutions, at each trial. Subsequently the average for 20 revolutions will be calculated (based on 3 trials). Using this averaged value we will calculate the period of 1 revolution. In this process we will have to divide the uncertainty in time by 20. Details about uncertainty calculation will be added later on. Next we are going to calculate the average linear speed, v, of the stopper for each mass of the weight hanger. We will include a sample calculation. We must remember that we used a fixed radius of 0.5 meters. We have to bear in mind that we will have to add the percentage uncertainty in the radius and the percentage uncertainty on T and add them up when calculating the uncertainty for linear velocity. Theoretically, the centripetal force should be directly proportional to the square of the speed. In order to check this, a column v2 will be added to one of our data tables. When we do that the uncertainties on V must be squared. We will also display a column indicating the centripetal force. We know that the centripetal force is equivalent to weight in this experiment; the weight, in turn, is equal to the tension on the string. When calculating the uncertainty for the resultant force (weight) we took the uncertainty on mass and multiplied it by ten which is the gravity value. In order for us to calculate centripetal force the following formulas will be used: Fc = mv2/ r Fc = W = mg The uncertainties involved with the measurements which have fixed values are: Centimeters: 1cm  ± .05cm Time: 1s  ±0 .005s Mass: 1kg  ± 0.000005kg UNCERTAINTY ON T The uncertainty on T is the same of that on the stopwatch. As we start and stop the stopwatch we must, therefore, double the uncertainty: 2( ±0 .005) =  ±0.01 SAMPLE CALCULATION OF T FOR ONE REVOLUTION OF A MASS OF 0.1 KG Average T for 20 revolutions: 15.3 Average T per revolution: 15.3 / 20 = 0.765 Uncertainty was also divided by 20: ( ±0.01/ 20) =  ±0.0005 As the uncertainty on T was already multiplied by 2 we do not need to double it this time CALCULATING UNCERTAINTY ON VELOCITY FOR 0.1 KG As mentioned earlier now we will have to calculate percentage uncertainties. We will apply the following formula: http://scidiv.bellevuecollege.edu/Physics/measuresigfigs/Measuresigfigseq1.gif Percentage uncertainty in radius: (0.05 / 0.5) x 100=  ±1.0% Percentage uncertainty on T for 1 revolution (calculated above): (0.00025/ 0.765) x 100 =  ±0.0326% By adding p the above uncertainties we get the percentage uncertainty for velocity which is  ±1.0326% in this case. In order to obtain the percentage uncertainty for v2 we simply square the uncertainty on v. SAMPLE CALCULATION OF V FOR 0.1 KG v = 2 pi r/T V= = 4.106  ± 1.0326% In addition we will calculate UNCERTAINTY ON MASS The uncertainty on mass was calculated based on the electronic scale used. The uncertainty on the scale was  ±0.05 grams. Since we need the uncertainty in kg we multiply this value by 1000 and we get:  ±0.00005 Table 1 Showing magnitude of resultant force and averaged results Mass (kg) ( ±0.00005) Centripetal Force (N) ( ±0.000005) T for 20 revolutions ( seconds) ( ±0.01) Trial 1 Trial 2 Trial 3 0.100000 1.000000 15.50 14.81 15.56 0.150000 1.500000 13.69 13.80 13.91 0.200000 2.000000 12.31 12.76 12.43 0.250000 2.500000 11.57 11.55 11.61 0.300000 3.000000 10.40 11.20 10.80 0.350000 3.500000 10.38 10.01 10.21 In table 1 we presented the value obtained in each trial for 20 rotations. In table 2, on the other hand, we are going to present the average value of 1 rotation for each mass. By doing so we believe to have increased the accuracy of the results. In order to calculate the uncertainty for 1 oscillation we divided the uncertainties in 20 rotations by 20; as the left-most column (table 2) shows. In spite of that there were cases where the difference between the highest and lowest value obtained were greater than the uncertainty itself. In the cases where this happened we found the differences between these values (highest and lowest) and use it as the uncertainty. Now we will show these differences between higher and lower values. In the three trials for 0.1 Kg the difference between the highest and lowest value is: 15.56 14.81 = ± 0.75. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. In the three trials for 0.15 Kg the difference between the highest and lowest value is: 13.91 13.69 =  ±0.22. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. In the three trials for 0.2 Kg the difference between the highest and lowest value is: 12.76 12.31 =  ±0.45. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. In the three trials for 0.25 Kg the difference between the highest and lowest value is: 11.61 11.55 =  ±0.06. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. In the three trials for 0.3 Kg the difference between the highest and lowest value is: 10.80 10.20 =  ±0.60. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. In the three trials for 0.35 Kg the difference between the highest and lowest value is: 10.38 10.01 =  ±0.37. Hence this value will be used as the uncertainty as it is greater than the uncertainty in time. Table 2 Preparing the results for graphical analysis T for one revolution (seconds) ( ±0.0005) Absolute Uncertainties ( ± seconds) Percentage uncertainty on T ( ± %) V (m/s) Percentage uncertainty on V ( ± %) V2 (m2/s2) Percentage uncertainty on V2 ( ± %) 0.76500 0.75 0.000653 4.105 1.000653 16.859 1.001306 0.69209 0.22 0.000722 4.537 1.000722 20.857 1.001445 0.62239 0.45 0.000803 5.045 1.000803 25.457 1.001607 0.57880 0.06 0.000864 5.425 1.000864 29.430 1.001729 0.53970 0.60 0.000926 5.818 1.000926 33.846 1.001853 0.51040 0.37 0.000976 6.152 1.000976 37.850 1.001953 Now we will plot square root of centripetal force against V. We will make use of the percentage uncertainty on V to plot the horizontal error bars and the uncertainty on centripetal force to plot the vertical error bars. The uncertainty on centripetal force is  ±0.000005 and, therefore must be squared to give us the uncertainty on. So we have which is equal to  ±0.002236. Thus we have explained how our error bars were calculated. The graph we came across was the following: Graph 1 Showing correlation between and V Not as we were expecting the graph resembles a parabola. We believe that, in order to obtain a straight line we must square both the centripetal force and velocity. This will give us the proportionality found in the formula: F = mv2/ r. We believe that, by plotting this graph we will be able to prove our prediction that the velocity squared is proportional to centripetal force. By plotting the mentioned correlation we get: Graph 2 Showing correlation between Fc and V2 Even though the best linear fit is not a perfect straight line there are no big discrepancies in our results (such as an outlier). The RSME value or the root means square error tells us how far the linear fit is from the plot points. The value of 0.02 is really low and suggests that the best fit is really close to the original data. Also the difference between the possible maximum value and possible minimum value of the spring is so low: Maximum slope: 0.13 Minimum slope: 0.11 Difference: 0.02 So we have the slope of our straight line being: 0.12  ± 0.02 Because the RSME value is low, we can infer that the value obtained is realistic. In addition due to the fact that the best linear fit touches (including or not the error bars) all the data points we can infer that the graph is accurate and, consequently, so are our results. CONCLUSION AND EVALUATION All in all this investigation led to fairly precise results. We do however think that the experiment can be improved in several ways. The following improvements would increase the reliability of the experimental procedure. Among the difficulties involved in the experiment we found, for instance, speed which we did not manage to keep constant when swirling the mass. Every so often the movement of our body would vary the speed at which the mass was being swung. In addition the swing rotation was not constantly a horizontal line. These factors will cause our results to become less accurate. Furthermore we faced some difficulties when swinging the stopper with constant power and speed; sometimes our hands touched the string which was not supposed to be touched during the rotations. The stopwatch delay and the human reaction time also affected our results to some extent. For example in a time of 5 seconds the human reaction time of 0.7 seconds can be very significant in the result as 1.4 seconds are involved in starting and stopping the stopwatch. Therefore these factors together are the responsible for us not obtaining a perfect parabola and consequently a perfect straight line. Moreover we found really ha rd to determine the initial and final point in relation to which the rotations were being counted. This probably led us to miscount the number of rotations. Therefore in some cases we might have had more or less than 20. Many changes could have been made to the experiment to make it more accurate: Setting up a better method of counting the rotations completed by the bung by using more advanced equipment than merely relying on human reactions. Increase the amount of rotations to ensure greater accuracy.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Increase the number of repeats to get a more accurate average.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Set up computer equipment to time the experiment more accurately. This could be done using a motion sensor connected to a data logger (logger pro 3) to record the information.  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   By doing the experiment outside uncontrollable factors such as wind can increase friction acting upon the bung and alter the time by small amounts which still make the experiment less accurate. Further work as increased number of repeats could be carried out. In addition, different experiments can be done with increased number of rotations and larger radii. If one decides to investigate the effect of another variable such as radii the experiment will keep the same; the only difference will be that the weight hanger will be kept constant and the radii will vary. If we decided to increase the radii being investigated we would conclude that as the radius increases so would the time to complete 20 rotations for the bung, in a proportion directly related to the increase in distance. This is because we know that F = mv2/ r. Where F = force, m = mass, v = velocity and r = radius. So if r is increased then all the other variables increase in direct proportion to the initial increase. Newtons First Law states that an object travels at constant velocity unless acted on by an unbalanced force. The unbalanced force is the weight in our experiment which increases the force making the sp eed increase because more force is being added. Therefore, this explains why the speed increases. Now we will try to explain our results based on our scientific knowledge. If we draw a free body diagram of what is happening during the experiment we will come to the conclusion that the tension in the string (which is equal to the centripetal force) is being produced by the force of gravity which is acting on the load being used. From graph 2 we see that centripetal force increases in a direct proportion to the square of velocity. This relationship is further explained by the formula: F = Since m and r are kept constant and v is our dependent variable we see that force, in fact, should increase as our experiment suggests. Thus our experiment proves the formula for centripetal force. Looking at the experiment we see that fairly good results were obtained. They, despite the uncertainties, allowed us to prove Hooks Law. Due to the fact that the experiment was dynamic, a few sources of errors affected our results. We see that the curve obtained is pretty close to a straight line which is reinforced by the low RSME value. All in all this tells us that the method is reliable and lead to precise results.