I wandered Lonely as a cloud by William Wordsworth Assignment

I wandered Lonely as a cloud by William Wordsworth - Assignment Example As an educationist and poet, he helped to introduce and forge a different genre from the mainstream usual definition and knowledge of poetry thereby introducing romance in his literature (www.cummingsstudyguides.net). It is was one of the inaugural poems in the romantic age thus qualifying it to be a romantic poem. The speaker records that he was walking around in an area where there were valleys and hills and he was lonely or alone. Equivocally, he strides up and climbs on the hill and sees a lake and noticed of the fact that there yellow daffodils moving or waving in the breeze. It is recorded by the poet that the flowers were dancing a sight which is incredible. If a reader or an observer was to compare, then one would safely assert and infer that the lake was out danced by the flowers or the daffodil, a spectacular scene to see. Tentatively, the dancing daffodils occasioned an enormity of wealth in terms of the scene would bring to him in subsequent time (www.100.best-poems.net). Intuitively, the poet drifts from being lonely or empty and started to be joyous at the amazing scene or the dancing daffodils. From that time or moment, each time he feels low or pensive he recollects the memory of joy in him or his heart. Consequently, it that the dancing daffodils brings cheers him up whenever he is in solitude or feeling empty. As a literary device, the poem employs personification in an accurate and aesthetic manner. For instance, there is characterization and personification when the poem mentions that â€Å"the daffodils danced.† In the liberal arts such as poetry this technique and style is known as characterization. When the poem mentions that the daffodils show the inward eye, it is an attempt to role play and characterize the poem or art. A reader easily notices the conciliatory tone from the poem where the poet tries to merge the human experiences with nature without much hustle. However, the mood smacks off nostalgia because it

Etiquette Essay Example for Free

Etiquette Essay Discuss the importance of business and dining etiquette for international/global business students for their career success. Etiquette is a kind of rules that apply to social communications, professional workplaces and other important areas. In today’s business environment, proper business etiquette is a kind of business skills, which makes us stand out from others and makes a good impression to others, enhance our opportunities to be success (Sheahan, K. , 2013, para. 1) Proper business etiquette can help us to make a good impression during our job interviews. In a business environment, interviewers are more likely to be attracted by the interviewees who show good professional skills. Using proper business etiquette when we participate in a job interview can make a good impression to the interviewer, this increases our opportunity to be hired. For an instant, an interviewee who attends an interview on time, with proper wear, bring a pen to be in case, make more eye contact and understand the proper time to be the turn to speak has more chances of impressing the interviewer than the interviewee who is late or always talking without listening. These interviewees act good etiquette can make interviewers believe they are respected, professional and serious. Good business etiquette can promote our careers in the future (Sheahan, K. , 2013, para. 3). There is no doubt that the networking is significant for today’s business success, and etiquette is one of the key ways to build good relationships with others, so that our personal network could be expanded positively. There are number of business etiquette rules we should follow during our daily business activities, such as hand shaking, eye contact, and listen to others. And also dining business is very common in today, business dining etiquette is a kind of common business etiquette. If we do not understand the dining etiquette we may easily hurt our business relationship, so follow the dining etiquette is as important as daily face-to-face business etiquette (Hickman, K. , 2011, p90).

The Value of Roots :: Poem Poetry Poetic Poems Essays

The Value of Roots The era of the American Revolution was a time of great nationalism, hope, and unity. People who were once only colonists were now citizens of a new and exciting nation. As the years wore on, however, the citizens of the United States were faced with the reality of building a country. The nation strove to find a place for itself, to become secure against the power of the rest of the world. Industry grew along with the population, but what the new country gained in strength it lost in spirit. Regional tensions emerged as well as burning political issues. In the aftermath of the civil war the still young nation attempted to regain this nationalism that was once the strength of the country. One area this attempt was prominent in was literature. Two poets specifically sought to find a national mythology by examining what American's value and why it is necessary to pass it on through tradition. The poems by John Greenleaf Whittier and Henry Wadsworth Longfellow are a call for preserving th e roots found in the land of America and in the heart of an American. Longfellow's "Hiawatha" presents the image of an Indian chant about the traditions, history and beauty inherent in nature. The narrator explains how the birds, trees, mountains and rivers all hold stories of the past. Should you ask where Nawadaha Found these songs so wild and wayward, Found these legends and traditions, I should answer, I should tell you, "In the bird's-nests of the forest, In the lodges of the beaver, In the hoof-prints of the bison, In the eyry of the eagle! But most importantly the narrator encourages the reader to seek out one important story, the song of Hiawatha. Why is this song of Hiawatha so crucial, the reader might ask. The narrator replies: Sang the Song of Hiawatha, Sang his wondrous birth and being, How he prayed and how he fasted, How he loved, and toiled, and suffered, That the tribes of men might prosper, That he might advance his people!" The importance of the past is proclaimed here. One should never forget those that came before him to pave the way. Not only should one not forget but one should learn from it and use the knowledge gained to push into the future. Listen to this simple story, To this Song of Hiawatha!... For a while to muse, and ponder On a half effaced inscription... Full of all the tender pathos Of the here and the Hereafter;-

Exemplification Essay

Exemplification Essay I once heard a story about a restaurant manager named Jerry. Jerry was the type of guy that always was in a good mood no matter what. He was a natural motivator. When one of his employees would come in hating life he would be help them to look on the positive side of the situation. One of his other employees was curious, so one day he went up to Jerry and asked, â€Å"I don’t get it man, how can you be in a good positive mood all of the time. How do you do it? † Jerry replied, â€Å"Each morning I get up and I have a decision to make: to be in a good mood or to be in a bad mood. I choose to be in a good one. Every time something bad happens I can choose blame it on myself or I can choose to learn from the situation. † â€Å"It’s not that easy. † The employee protested. â€Å"Yeah it is. † Jerry said. â€Å"Life is all about the choices that you make and how you handle them, you choose to be in a good mood or to be in a bad mood. Bottom line: Attitude is everything. † The employee reflected on Jerry’s example. Later he left the restaurant business to start a business of his own. He lost touch with Jerry but would often use his teachings in his everyday choices in his life. A number of years later he heard that Jerry had left the back door open to his restaurant and he was robbed at gunpoint. While Jerry was opening the safe he was shaking and he slipped. One of the robbers, on edge, shot Jerry and they scurried away. Luckily, he wasn’t lying out for too long for an ambulance to come rush Jerry to the hospital; Jerry survived. Six months after the robbery the old employee met up with Jerry and had asked him about the incident. Jerry replied, â€Å"The Paramedics in the Ambulance were great. They kept on telling me that I was going to be fine until they handed me over to the doctors, that’s when I got worried. The doctors and the nurses eyes read that I was a dead man, not likely to survive. A nurse asked, â€Å"Do you have any allergies? †. I had a choice to make, to live or to die, to be in a good mood or a bad mood. â€Å"Yes† I replied to the nurse. The doctors stopped what they were doing waiting for my answer. â€Å"Bullets! † During their laughter they I told them â€Å"I’m not dead yet, make sure I don’t die. † Jerry lived by the outstanding skill of the doctors, but also due to his attitude. On July 19, 2011 my dad taught me the greatest lesson that I could ever be taught. Every year my paternal side of the family has a reunion in Capitol Reef National park, Southern Utah. My dad came up with the idea that we should leave a couple days earlier and ride our road bikes ahead of the rest of the family. Knowing me, he knew I was â€Å"in†. I just had had a friend move in with me because his family moved to Kentucky and he wanted to finish his senior year at our high school. He joined us on the ride. We started to do some training rides to get ready for the two hundred mile trek of which we were about to embark. July 19: woke up, ate a banana and oatmeal, got dressed in biking gear, took the first pedal and off we went. There were two different routes we could have taken: east of the lake or west of the lake. We chose to go west to avoid the traffic and the higher risk. When we reached the west side of the lake there was a head wind, so we started to draft off of each other. Every five minutes we would rotate who was in lead. It was my turn to lead, my dad following me, and my friend Kallen following him. Kallen’s headphones fell out of his ears and got wrapped up in his front wheels. While drafting he reached down to clear the remains of his headphones and his arm got sucked into the spokes which made him flip over the handle bars. I didn’t notice over the sound of my music that he had crashed but my dad did hear the accident and waved me down to go back. We frantically signaled a car down. A nice lady stepped out and offered to take Kallen to the hospital. My dad and I continued on our way. We reached the other side of the lake and I got a flat tire, which was my second for the day and I was already upset that we lost Kallen. We patched the flat and continued on our ride. Anger was just bottling up inside of me as we entered the next town. When we arrived we sat down to eat. It was about 3 o’clock and we still had seventy miles to go which added to my anger. After lunch we rode over to a park to use the public bathrooms. I take a short cut through a little dirt field. I used the restroom and hopped back on my bike to begin riding again and my tire was flat, again. â€Å"AHHH! †, I screamed. We went and sat on the grass to patch it. My attitude has not only has affected me, but has affected my dad too. â€Å"You better get in a better mood† he said†Ã¢â‚¬ ¦because you are acting like a little baby. You have a choice to make; be in a good mood or a bad one, because we are going to finish this ride whether you want to or not. † I was shocked. My dad had never talked to me like that before. I realized that attitude is everything. We rode into the dark that night till we reached one hundred and twenty miles and the next day we biked the remaining 80 and made it to Capitol Reef. July 19 is my birthday. It had to have been the worst but also the best birthday that I have ever had. Your attitude towards something can change your life. Whether it is as big as saving your life or as small as changing your mood such as finishing a biking trip with your dad. It will stick with you and make you a better person and a happy person. Bottom line: Attitude is Everything. Exemplification Essay Exemplification Essay I once heard a story about a restaurant manager named Jerry. Jerry was the type of guy that always was in a good mood no matter what. He was a natural motivator. When one of his employees would come in hating life he would be help them to look on the positive side of the situation. One of his other employees was curious, so one day he went up to Jerry and asked, â€Å"I don’t get it man, how can you be in a good positive mood all of the time. How do you do it? † Jerry replied, â€Å"Each morning I get up and I have a decision to make: to be in a good mood or to be in a bad mood. I choose to be in a good one. Every time something bad happens I can choose blame it on myself or I can choose to learn from the situation. † â€Å"It’s not that easy. † The employee protested. â€Å"Yeah it is. † Jerry said. â€Å"Life is all about the choices that you make and how you handle them, you choose to be in a good mood or to be in a bad mood. Bottom line: Attitude is everything. † The employee reflected on Jerry’s example. Later he left the restaurant business to start a business of his own. He lost touch with Jerry but would often use his teachings in his everyday choices in his life. A number of years later he heard that Jerry had left the back door open to his restaurant and he was robbed at gunpoint. While Jerry was opening the safe he was shaking and he slipped. One of the robbers, on edge, shot Jerry and they scurried away. Luckily, he wasn’t lying out for too long for an ambulance to come rush Jerry to the hospital; Jerry survived. Six months after the robbery the old employee met up with Jerry and had asked him about the incident. Jerry replied, â€Å"The Paramedics in the Ambulance were great. They kept on telling me that I was going to be fine until they handed me over to the doctors, that’s when I got worried. The doctors and the nurses eyes read that I was a dead man, not likely to survive. A nurse asked, â€Å"Do you have any allergies? †. I had a choice to make, to live or to die, to be in a good mood or a bad mood. â€Å"Yes† I replied to the nurse. The doctors stopped what they were doing waiting for my answer. â€Å"Bullets! † During their laughter they I told them â€Å"I’m not dead yet, make sure I don’t die. † Jerry lived by the outstanding skill of the doctors, but also due to his attitude. On July 19, 2011 my dad taught me the greatest lesson that I could ever be taught. Every year my paternal side of the family has a reunion in Capitol Reef National park, Southern Utah. My dad came up with the idea that we should leave a couple days earlier and ride our road bikes ahead of the rest of the family. Knowing me, he knew I was â€Å"in†. I just had had a friend move in with me because his family moved to Kentucky and he wanted to finish his senior year at our high school. He joined us on the ride. We started to do some training rides to get ready for the two hundred mile trek of which we were about to embark. July 19: woke up, ate a banana and oatmeal, got dressed in biking gear, took the first pedal and off we went. There were two different routes we could have taken: east of the lake or west of the lake. We chose to go west to avoid the traffic and the higher risk. When we reached the west side of the lake there was a head wind, so we started to draft off of each other. Every five minutes we would rotate who was in lead. It was my turn to lead, my dad following me, and my friend Kallen following him. Kallen’s headphones fell out of his ears and got wrapped up in his front wheels. While drafting he reached down to clear the remains of his headphones and his arm got sucked into the spokes which made him flip over the handle bars. I didn’t notice over the sound of my music that he had crashed but my dad did hear the accident and waved me down to go back. We frantically signaled a car down. A nice lady stepped out and offered to take Kallen to the hospital. My dad and I continued on our way. We reached the other side of the lake and I got a flat tire, which was my second for the day and I was already upset that we lost Kallen. We patched the flat and continued on our ride. Anger was just bottling up inside of me as we entered the next town. When we arrived we sat down to eat. It was about 3 o’clock and we still had seventy miles to go which added to my anger. After lunch we rode over to a park to use the public bathrooms. I take a short cut through a little dirt field. I used the restroom and hopped back on my bike to begin riding again and my tire was flat, again. â€Å"AHHH! †, I screamed. We went and sat on the grass to patch it. My attitude has not only has affected me, but has affected my dad too. â€Å"You better get in a better mood† he said†Ã¢â‚¬ ¦because you are acting like a little baby. You have a choice to make; be in a good mood or a bad one, because we are going to finish this ride whether you want to or not. † I was shocked. My dad had never talked to me like that before. I realized that attitude is everything. We rode into the dark that night till we reached one hundred and twenty miles and the next day we biked the remaining 80 and made it to Capitol Reef. July 19 is my birthday. It had to have been the worst but also the best birthday that I have ever had. Your attitude towards something can change your life. Whether it is as big as saving your life or as small as changing your mood such as finishing a biking trip with your dad. It will stick with you and make you a better person and a happy person. Bottom line: Attitude is Everything.

Death Penalty: the Christian View

In almost every society, there are crimes and violations of human rights. To deal with these things, there are laws that prescribe the prevention of their occurrences. However, if the law is broken, commensurate punishment is put on the violator. Depending on the seriousness of the crime, the punishment may be light such as imprisonment for up to one year with corresponding fines, or it could also be severe as death penalty. Capital punishment or death penalty is usually imposed on persons who committed heinous crimes and are those that endanger the safety of the society. Some countries and societies implement capital punishment while others do not. There are various reasons for this policy of countries, including the social view on the death penalty and the prevailing religious view in the society among others. One of the foremost arguments for the imposition of death penalty is that it acts as a deterrent for heinous crimes. Most societies throughout history have used capital punishment. Governments have also used this extensively to execute persons that do not conform to the laws and standards of conduct in the society. Throughout history, capital punishment was also used to suppress political dissent and to preserve the prevailing order in the society. Nowadays, the death penalty is being imposed on capital crimes such as treason against the state, espionage, and murder. In other countries, crimes that are of sexual nature such as rape, sodomy, and adultery are also punishable by death. Human trafficking, plunder and corruption, as well as drug trafficking are also punishable by death in other countries. The foremost reason being given for the imposition of capital punishment is its power to deter crimes. The argument says that if heinous crimes are punishable by death, would-be perpetrators of such crimes would protect their lives and they will not commit heinous crimes. On the part of the victims of such crimes, they also receive justice and redress for the injury through the capital punishment. On the other hand, capital punishment is a lot less expensive than life imprisonment (Paternoster, 1991). There are a lot of debates surrounding the imposition of capital punishment. Almost all countries in Europe, as well as in the Pacific area, and Latin America have abolished capital punishment in the name of respecting and protecting human rights. There are still a large number of countries that retained it, however. The United States Federal government with 36 States has retained it. Brazil imposes capital punishment only during wartime while countries in Asia and Africa also retained it. Notably, South Africa does not have capital punishment in spite of the high incidence of violent crimes such as murder and rape. South Korea no longer imposes capital punishment, as well as Uzbekistan, because it was not being used for a long time. A number of individuals, organizations, and human rights advocates object to the imposition of capital punishment. The questions they raise concern the effectiveness of capital punishment in deterring crimes. Moreover, there is always the possibility that the innocent person will be sentenced to death. Once the penalty is imposed, it can no longer be undone even if a separate investigation will render the accused as innocent from the crimes. There are also a number of instances in which minority groups are discriminated against in imposing capital punishment. Minority groups usually have lesser access to the best lawyers. As such, they run the greater risk of being proclaimed guilty for the crimes for which they are accused. With capital punishment, once death penalty is imposed, it is final. The person will have no chance to reform his ways or redeem his actions. He has been condemned by the courts to be forever separated from the rest of the society. In the 62nd General Assembly of the United Nations in 2007, the UN passed a resolution calling for the universal ban on capital punishment. This resolution asked the member-states of the UN to impose a moratorium on imposing the death penalty with the eventual plan of abolishing capital punishment. This resolution was made in recognition of the human rights of accused criminals and the possibility of redemption and change. Various religions also have varied responses to capital punishment. Even a particular denomination or religious group may not have a unified stand regarding capital punishment. Religious sentiments do play a significant part in the views of people regarding capital punishment. The Bible is replete with various passages that may seem to support or condemn capital punishment. The Old Testament, particularly, is based upon a morality of â€Å"teeth against teeth† and â€Å"life for life. † The books of laws of the Old Testament actually prescribe stoning to death the persons who commit serious crimes against God and against the community. A number of biblical scholars have considered the part of the Ten Commandments that say â€Å"You shall not kill† as a prohibition against individual cases of murder (The Ryrie Study Bible, Exodus 20:13). In the first place, the Christian faith believes that humans are created in the image of God. As such, a serious crime against another person is also a crime against God. In the Old Testament, premeditated murder was sufficient reason for the death penalty (Numbers 35:31, 33). Moreover, in Genesis 9:6, it can be read that â€Å"whoever sheds the blood of man, by man shall his blood be shed†. St. Thomas Aquinas also published his thoughts regarding capital punishment. He said that â€Å"the civil rulers execute, justly and sinlessly, pestiferous men in order to protect the peace of the state† (Summa Contra Gentiles, III, 146). Furthermore, St. Thomas Aquinas talked about the need to impose death penalty on the crime doers. â€Å"The fact that the evil, as long as they live, can be corrected from their errors does not prohibit the fact that they may be justly executed, for the danger which threatens from their way of life is greater and more certain than the good which may be expected from their improvement. They also have at that critical point of death the opportunity to be converted to God through repentance. And if they are so stubborn that even at the point of death their heart does not draw back from evil, it is possible to make a highly probable judgment that they would never come away from evil to the right use of their powers† (St. Thomas Aquinas, Summa Contra Gentiles, Book III, 146). The sacrifice of Jesus Christ on the cross is at the centerpiece of Christianity. Without such sacrifice, there would be no Christian faith. Such sacrifice is also a form of capital punishment in the sense that he bore the sins of the whole world. Such sin therefore requires the death penalty and Christ willingly went to the Cross to satisfy the requirements of a just and loving God for the remission of sins. Although the Old Testament has a number of provisions for death penalty, the New Testament appears to emphasize the love of God. This has been seized by anti-capital punishment advocates in moving towards the abolition of capital punishment. John 8:7 (NIV) of the Bible, which reads, â€Å"But Jesus bent down and started to write on the ground with his finger. When they kept on questioning him, he straightened up and said to them; â€Å"If any one of you is without sin, let him be the first to throw a stone at her. † is being taken as a passage supporting the abolition of capital punishment. In this regard, the sixth commandment is also being preached in a lot of churches as a prohibition against capital punishment. Several Christians also point to the love and grace of God as reason why capital punishment should not be instituted. Following this line of argument, it means that criminals are being given the maximum time for the possibility of repentance and redemption. With God’s grace and love, even criminals may still get a chance to reform their ways. Christian groups have diverse opinions and individual Christians do have the choice for their own preference and view apart from the official stand of their churches. Historically, the Roman Catholic Church accepted capital punishment based on the theology and views of St. Thomas Aquinas. The reason behind this is the way in which death penalty can deter and prevent crime. It is not a means for revenge. However, during the time of Pope John Paul II, the Roman Catholic Church revised this position. This position was defined by Pope John Paul II through the encyclical he released entitled Evangelium Vitae. As a result of this, the Roman Catholic Church now believes that capital punishment is not the best way to deal with crimes. Rather, capital punishment should be avoided except in cases where it is the only means available to defend the society from the criminal or offender. Given the present situation of penal systems, such need for execution is virtually non-existent. According to the Catechism of the Roman Catholic Church, â€Å"Assuming that the guilty party's identity and responsibility have been fully determined, the traditional teaching of the Church does not exclude recourse to the death penalty, if this is the only possible way of effectively defending human lives against the unjust aggressor. If, however, nonlethal means are sufficient to defend and protect people's safety from the aggressor, authority will limit itself to such means, as these are more in keeping with the concrete conditions of the common good and are more in conformity to the dignity of the human person. Today, in fact, as a consequence of the possibilities which the state has for effectively preventing crime, by rendering one who has committed an offense incapable of doing harm – without definitely taking away from him the possibility of redeeming himself – the cases in which the execution of the offender is an absolute necessity are very rare, if not practically nonexistent† (Catechism of the Catholic Church, no. 2267). Given this position, the Roman Catholic Church has affirmed the sanctity of life through this position. Such position aims to affirm the dignity and rights of a person even if he has committed some crimes. The position promoted and adopted by the Roman Catholic Church through Pope John Paul II is a revolutionary one and it is in keeping with the prevailing views in the world today regarding the abolition of death penalty. Depending on the stand of the churches, more liberal groups tend to be abolitionist, meaning they want to abolish death penalty. The more conservative denominations of Christianity tend to support the imposition of death penalty. Protestant Christian Churches also have their official stand regarding capital punishment. The Anglican and Episcopalian churches has opted a policy that condemns death penalty in 1988 through the Lambeth Conference of Anglican and Episcopal bishops. The United Methodist Church, as well as other Methodist churches all over the world has taken the position against capital punishment. The church says that it cannot support capital punishment on the basis of social vengeance and retribution. More importantly, capital punishment tends to be imposed more frequently to marginalized sectors of the society such as the uneducated, ethnic and racial minorities, the poor, and the disenfranchised. The General Conference of the United Methodist Church, which meets once in every four years, asked its bishops to oppose capital punishment and advocate for governments to impose a moratorium on the implementation of death penalty (United Methodist Church website, 2007). The Lutheran Church in America also opposes the death penalty. Such decision was made in 1991 through a social policy statement that the church released. The policy stated that vengeance is the main reason for the imposition of capital punishment. Furthermore, the Church believes that repentance, forgiveness, and redemption are necessary for true healing to be accomplished (ELCA, 2007). With this policy, the Lutheran Church joins the throng of Christian churches that support the abolition of death penalty. Given these stands of various churches, most denominations appear to support the abolitionist position. The interpretation of these churches of the Christian faith is one in which God’s love and mercy takes precedence over the imposition of punishment on the erring party. There are still churches within the Lutheran tradition that supports death penalty. They cite the stand of Martin Luther regarding death penalty and the way that this represents the justice of God. This also means that churches are now more and more in sync with the ideas and movements of other cause-oriented groups in the society. As time moves on, the views of Christian churches are also changing. There is almost a universal consensus regarding the importance of abolishing death penalty. For Christians, however, there are important issues at stake. This also concerns the emphasis on God’s justice, or God’s love. This also has an implication on the advocacies and ministries of Christian Churches. Traditionally, Christianity has emphasized the justice and the holiness of God and the way in which humans fall short of this. Moreover, justice means equality for all and that people get what they deserve. Given this framework of understanding, capital punishment is necessary. In recent years, however, there has been an emphasis on God’s love and grace. This means that the churches have redefined their role to dispense grace and promote forgiveness, healing, and reconciliation. This does not sit well, however, for the advocates of capital punishment. Because the major denominations such as the Roman Catholic Church, the United Methodist Church, and the Lutheran church have worldwide presence, this means that the abolitionist perspective has a better chance to be propagated all over the world. In this regard, the Christian church is working hand in hand with the United Nations, Amnesty International, and other human rights groups in promoting the dignity of humans. If the advocacy of rights groups and the churches succeed, this means that more and more countries might forego the capital punishment in the coming years. The effects of this on the incidence of crime and the social and governance policy of governments all over the world remain to be seen.

Discuss the circumstances under which Satyams fra Essays

Discuss the circumstances under which Satyam's fra Essays Discuss the circumstances under which Satyam's fraud was exposed. 1, the failure of the acquisition of Maytas Infra and Maytas Properties which are promoted by two sons of satyam's chairman, Ramalinga Raju.These two companies are considered as business companies where they held more than 35%portion stake (significant realted party transcation involved in the acquisition) 2,the investors strongly against this acquisition , share price fell off by 30% Media and investors started raising doubts over the corporate governance practices at Satyam - considering a share buyback 3,World Bank suspended Satyam for eight years from doing any business with itself (offering brides to obtain lucrative contracts) 4,an independent director resigned (not opposing to the acquisition) 5, Infrastucture Leasing and Financial Services Trust sold 4.41 million shares which results in the decrease in the raju and his family stake in Satyam 6, market capitalization eroded by 40 % 7,former senior executive in Satyam sent out an anonymous email to board members and then forward ( include details about financial irregularities and fraud at Satyam. What do you think were the reasons for the fraud? Could this fraud have been prevented? 1, Low profit margin (3%) and increasing competitionoverstate profits to maintain the share price level which can make sure Satyam was not subjected to a hostile takeover. 2, raju could first think that a minor adjustment could be in the general interest of everyone concerned (cover up bad performance and become unmanagemeable with company expands) 3,Experts refuse to believe that the operating profit of Satyam could be as low as 3%. This leads to speculation that some of the money could have been siphoned off. 2. Critically evaluate the corporate governance mechanisms adopted at Satyam. Did they help to prevent fraud? First - internal audit (team headed by CFO ( financial gap in actual and stated profits was known to senior officials including the chief operating officer and the CFO Second- external audit (Pwc) - higher audit fee twice as peers exists bride to hide accounting irregulations( improper verification of cash and bank balances) Third the board has the audit committee headed by an independent board member 3. What lessons are learned from the Satyam case? 1. Investigate All Inaccuracies The fraud scheme at Satyam started small. Sound familiar? A lot of fraud schemes start out small, with the perpetrator thinking that small changes here and there won't make a big difference - and are less likely to be detected. This sends a message to a lot of companies: if your accounts aren't balancing or if something seems inaccurate, even just a tiny bit, it's worth investigating. Break down tasks so that there are checks in each area. Dividing responsibilities across a team of people makes it easier to detect irregularities or misappropriated funds. 2. Ruined Reputations Fraud doesn't just look bad on a company, it looks bad on the whole industry. According to a Reuters article, Accounting Scandal at Satyam Could be India's Enron : "India's biggest corporate scandal in memory threatens future foreign investment flows into Asia's third-largest economy and casts a cloud over growth in its once-booming outsourcing sector. The news sent Indian equity markets into a tailspin, with Bombay's main benchmark index tumbling 7.3% and the Indian rupee fell." The Satyam scandal subjected even the company's Indian rivals to greater scrutiny by regulators, investors and the public. 3. Corporate Governance Needs to be Stronger The Satyam case is just another example supporting the need for stronger corporate governance. Companies mustbe carefulwhen selecting executives and top level managers. These are the people who set the tone for the company - if there's corruption at the top, it's bound to trickle down. Separate the role of CEO and Chairman of the Board. When the same person takes on both roles, who's left to check up on the CEO? Splitting up the roles helps avoid situations like the one at Satyam. Auditing firms, likePricewaterhouse Coopersalso need to be brought under the regulatory umbrella. Without monitoring, it will be difficult to tell if the auditor and the company are working together to tamper with the accounts.

Death Penalty and Ethics

Death Penalty and Ethics Introduction Philosophy is a very wide discipline with numerous branches and sub disciplines. Some of the sub disciplines include epistemology, which is the study of knowledge for instance its nature, sources and limitation, ethics on the other hand studies morality for instance what is right or wrong or good or evil. Religion is also an essential aspect of philosophy and entails the beliefs that involve the cause, nature and purpose of the universe.Advertising We will write a custom research paper sample on Death Penalty and Ethics specifically for you for only $16.05 $11/page Learn More It relates humanity to truths and values. Death penalty can fall well under the ethics and religion branches of philosophy. It is a practice that has been present in many countries around the world although most of them only retain it but do not exercise it. This paper discusses death penalty in relation to ethics emphasizing on what is considered right or wrong based on th e arguments supporting and those against it. My own point of view will also be highlighted. Death penalty and Ethics Death penalty is also referred to as capital punishment. It is usually the sternest form of corporal punishment since it entails taking away the lives of the convicted offenders by the law enforcement officers. It entails the compulsory execution of a criminal offender as a form of punishment for committing crimes that are considered to be serious by the law for instance murder and treason although in some instances, it could include adultery, rape and some form of fraud. It is an act that can only be ordered by the state. There are numerous arguments put forth both for and against the aspect of death penalty. The issue of whether or not it is right to undertake capital punishment and the circumstances that should necessitate death penalty has brought about a lot of controversy and debates among various people, the ethical aspect being realized in deciding the moral b ehind capital punishment especially considering the right to deprive a human being of his or her life. This is the basic dispute over death penalty. The morality behind death penalty is undermined by different views that are brought forward by different theories or schools of thought in the ethical disciplines. For example, the aspect of killing is considered either right or wrong depending on the circumstances although in the overall view, killing is evil and unethical. Killing for defense purposes and for the overall good of the society for instance to avoid more harm to the innocent citizens is in most cases justified but malicious killing considered wrong (Cohen and Wellman, 2005).Advertising Looking for research paper on criminal law? Let's see if we can help you! Get your first paper with 15% OFF Learn More Arguments In Support Of Death Penalty There are various factors attributed to general punishment for offenders for example deterrent and defense whe re the punishment is aimed at preventing the offenders from engaging in crime in the future, retribution where the punishment is considered as what the criminal offenders deserve and restoration where the punishment is aimed at restoring a good relationship between the offenders, the victims and the society at large. The individuals and groups who support capital punishment mainly base their argument on retribution and deterrent and defense at the expense of ignoring restoration since it is not practical once execution is carried out. There are arguments that have been put forth in support for capital punishment. The issue, however, varies from country to country depending on the political grounds or foundation. In the United States for example, a majority of people, adults, seem to support capital punishment although most of the youths and non governmental institutions are strongly not for it. The law is retained in most of the American states. However, the issue has gained a lot o f support in some countries for example Taiwan and there seems to be very little campaign against its perpetration (White, 2011). Some of the general arguments that are common among the supporters of death penalty include the following. The criminal offenders who have perpetrated criminal activities especially murder have violated the victim’s right to life and, therefore, they should also not be left to enjoy life but rather they should also be killed. This falls under the retribution principle. This is, however, not ethical as two wrongs do not make a right and killing the criminal offender also entails depriving them of their life which is morally wrong. Another argument that supports capital punishment is that death penalty is a way of showing respect to the victims and the rest of the society. This is because it is deemed to enhance the healing process of the victim and also it is viewed as a source of peace of mind for the victims and their relations. The belief and per ception that there should be justice is also a basis for the support of capital punishment as people believe that equal justice should be maintained hence life should cost another life thus death for death. The practice of death penalty is also taken as a step towards preventing other innocent individuals that could fall victims in future if other alternative punishments are given to the offenders since they would at one time be integrated with the society.Advertising We will write a custom research paper sample on Death Penalty and Ethics specifically for you for only $16.05 $11/page Learn More It is viewed as the most effective and appropriate way of ensuring the society is safe from further criminal acts of the particular offender. The supporters also argue that death penalty is also somehow advantageous to the criminal offenders as it is not as cruel as other sentences that are usually prolonged hence making them suffer for long periods of time. The fac t that it is present in law is also a strong view point for the supporters. Housing a prisoner for his entire life is also considered uneconomical as compared to an execution of the criminal offenders. The supporters also argue that some killing is justified in some instances for example when it is conducted for self defense. This is because some difference is usually attached in the circumstances that led to the killing. When the killing is in defense, the person killed is not innocent as is the case when the murder is perpetrated by a criminal on an innocent individual. The supporters also argue that the killing of criminal offenders is like killing in self defense since the murderer is not innocent hence justifying capital punishment (Banks, 2004). Arguments against Death Penalty There are various factors that the people and groups that oppose the issue of capital punishment base their arguments on. Most nations are against the practice of death penalty, for instance, in western Europe, capital punishment is viewed as old fashioned and an act of the past and hence it receives very little public support in regard to its reinstatement. The general arguments against the perpetration of death penalty include the following. The major argument is that capital punishment entails depriving an individual’s right to life as it involves killing which has never been right as it entails violation of the human right to live. The suffering and pain the criminal offenders face in the event of being sentenced to capital punishment is also too much and considered wrong and unethical as it constitutes a lot of physical and more so emotional anguish which is not right irrespective of what the offenders have committed. The irregularities and discrimination in the sentencing to death penalty is also a contributing factor towards the campaign against death penalty as the circumstances that lead to its perpetration differ. For instance, if the criminal offence was committed between people of different races or complete strangers, it is more likely to attract capital punishment as opposed to when the crime is committed to people of the same race or with some form of affiliations with the criminal offender. This aspect brings in some aspects of injustice and unfairness which is wrong and unethical. The issue of death penalty also enhances the chances of police and other law enforcers’ misconduct as they are likely to use some innocent individuals as scapegoats hence face the execution instead of the responsible criminals just because they have some powers and influence in a way.Advertising Looking for research paper on criminal law? Let's see if we can help you! Get your first paper with 15% OFF Learn More Statistics have also shown that death penalty is not a solution as the states that advocate and execute it have not shown any significant signs of reduction of violent criminal activities and hence it is more ethical to apply other forms of sentencing other than execution or death penalty as it will eliminate killing which is morally wrong. The practice of death penalty also shows some negative attributes of the society as it emphasizes on killing as a right act in some situations for instance when offended as is the case for the criminal offenders. The aspect of carrying out the execution is also not morally right or ethical to the executors or the individuals involved in carrying out the act as it affects them psychologically and in some instances, it may affect their perception on life issues as they may not value life as they should. Death penalty is not only considered unethical by those opposing it but also uneconomical as the cost incurred in it usually exceeds that of trial and life imprisonment. Other forms of preventing criminal activities other than death penalty are also advocated for example education campaigns as they are more effective in preventing other people from indulging in the same as opposed to where the offenders are killed (Oderberg, 2000). Some of the unique reasons for opposing death penalty include the absolutist view that states capital punishment violates the right to life. The life of a human being should always be preserved unless there is a very good and justifiable reason that dictates otherwise, The risk of killing the innocent is also so high and the problem comes in since the act is not reversible and once a life is lost it is lost forever making capital punishment even more wrong and unethical. The side of the death penalty better defended is that opposing the idea of capital punishment. However, there are more arguments that have been put forth in the support of death penalty although I consider them weak as compared to t hose put forward against death penalty. For instance the argument that killing the criminal offenders as a way of ensuring justice and respect to the victims does not really work because two wrongs will never make a right. The fact that people consider murder an offence should always stand even in case of execution of the criminal offenders as in both cases, killing and taking of human life is unethical and immoral (Thomson, 1999). My Own Opinion My own view in regard to death penalty is that it is unethical since no matter the circumstances or the factors that facilitates the offenders to be involved in the serious crimes especially murder, the fact remains that killing is wrong as it entails violation of the victim’s human right to live whether the person has committed crime or not. The arguments for the capital punishment as explained earlier are also extremely weak and the practice of death penalty is morally wrong. Human life is valuable and even the criminal murderers d eserve to live and their lives should not be deprived since their criminal acts do not make them less valuable. The possibility and high chances of execution of innocent individuals also makes the issues seem very wrong as most people who have undergone execution after some investigations been found innocent. Killing is also negative as we cannot teach that the criminal offenders did some wrongs whereas we also kill them in the name of ensuring justice. Undertaking revenge by killing because the person was also involved in killing is also not justifiable. There should, therefore, be formulation and implementation of laws and sentencing that should replace death penalty as it is not an absolute solution in the minimization of criminal offences especially those that entail murder. This is evident since research shows that those states that use capital punishment as a way for dealing with murder cases have not shown any signs of reduction of the violent crimes as compared to the states that have abolished it since it does not play a significant part in educating or preventing others from indulging in the same offences. Conclusion It is evident the issue of death penalty is associated with a lot of controversy as people differ in regard to whether it is right or wrong. The ethical and religious aspects usually differ with it in most cases as no matter the circumstances, depriving an individual’s right to life is considered evil or wrong. Although most nations retain the death penalty as a punishment for offences deemed to be serious, they do not practice it and there is increasing campaign for the abolition of capital punishment. The issue of death penalty is, however, very controversial as the fundamental values that are used as the basis for the arguments for and against it are the same which entail the search for justice and respect for human life. Those supporting it argue there should be justice and respect for the victims while those that oppose it ar gue justice and respect should be shown to the offenders through provision of other sentences other than being involved in depriving the offenders their lives through death penalty. Reference List Banks, C. (2004). Criminal Justice Ethics: Theory and Practice. United Kingdom: SAGE. Cohen, I. A. and Wellman, H.C. (2005). Contemporary Debates in Applied Ethics. USA: Wiley-Blackwell. Oderberg, S. D. (2000). Applied Ethics: A Non-Consequentialist Approach. Oxford: WWiley-Blackwell. Thomson, A. (1999).Critical reasoning In Ethics: A Practical Introduction. New York: Routledge. White, D. (2011). Pros Cons of the Death Penalty. Retrieved from https://www.thoughtco.com/pros-and-cons-death-penalty-3325230

How to Overcome Writers Block

How to Overcome Writers Block How to Overcome Writers Block Writing can sometimes be a fickle mistress, and even the most gifted writers occasionally experience writers block. Here are some ways to combat it. And if you can’t overcome your challenge, call Master’s Essay for help with writer’s block: 1. Engage the brain artistically. Make a collage, paint, build something with Play-Doh: No matter what small artistic task you choose, continue to engage your creativity. Using your brain in a different way can get you back into the flow of writing much quicker. 2. Do some â€Å"free-writing.† Step away from writing on your subject and free-write, using your stream of consciousness. By writing about whatever comes to mind, you may train your brain to tap into the very wording that’s eluded you. Remember, when you free-writing you are not working on a project. Avoid punctuation, avoid thinking about the audience; just write. 3. Get your blood flowing. Distraction is key. If you can take a walk, go for a run, ride a bike, or hit the gym. Doing something physically active helps get creative juices flowing. Natural endorphins have wonderful influence on the brain. 4. Brainstorm/use bullet points. Brainstorm and feel free to pursue different approaches to your topic, no matter how silly they may seem at the time. By looking at something at more than one angle, it will help pull out of writers block funk. You will naturally come up with new ideas by looking at everything with a different perspective. For more great ideas on how to improve your writing and overcoming writer’s block, give Master’s Essay a call today at 1-800-573-0840.

Correct Positioning of the Foot and Ankle Essay Example | Topics and Well Written Essays - 500 words

Correct Positioning of the Foot and Ankle - Essay Example These four positions are all that are needed for accurate and complete x-ray views of the foot and the ankle; depending on the location of the pain or injury depends on which of the three positions are used; this paper will discuss all four of the different positions that are used, as well as an example of a foot injury, an example of an ankle injury, and which of the three positions are used to best diagnose and treat the specific injury. The anteroposterior, or AP, view provides imaging of the forefoot, midfoot, tarsometatarsal and transverse tarsal articulations. To be able to obtain this particular view, the foot is placed pad down on the x-ray film, with the knee bent at a 90 degree angle, while the patient sits on the table. The beam is â€Å"centered on the third metatarsal and angled 15 degrees cephalad from the vertical† (Jones & Younger, 2006). This natural position mimics that a person would be in if they were sitting on the ground with their knees bent, and their weight placed on their elbows and buttocks. The lateral view is obtained by a person lying on their side, with the junction of the talus and fibula placed directly on the x-ray film, or plate. The beam is directly â€Å"perpendicular to a point above the base of the fifth metatarsal† (Jones & Younger, 2006). The internal oblique, or medial oblique, image compliments the lateral and AP views of the foot and ankle and is used routinely as the third view in the series. This position involves the turning of the foot and ankle outward, as though the patient were looking sideways at their ankle. The foot should be kept at a 30 degree angle ideally, with the distal phalanx of the big toe supporting the weight of the foot, and the last three phalanges of the foot not resting on the plate at all. It provides a clearer picture of the forefoot. The external oblique image is used to provide a clearer picture of the hind foot and is used as a main part of the three view foot

Compare and contrast two works Essay Example | Topics and Well Written Essays - 1750 words

Compare and contrast two works - Essay Example on the way to Canterbury and two stories on the way back, but either Chaucer never finished the journey or the entire collection has never been found. What is unique about the tales is that each character has a different voice and a different perspective on life. As a result, many of these characters and stories represent the dominant ideals of the age because the characters tell stories that relate closely to their personalities and life station. In many cases, these stories can be juxtaposed against each other to show two different views of the same concept such as the issue of deceit. While deceit is the backbone of much medieval, and modern, humor, it can also be quite harmful with the only difference being in how it is practiced. An example of this kind of juxtaposition can be found when one works to compare the Miller’s prologue and tale with that of the Pardoner. The Miller tells a comic story of a man, his young wife and her exploits with the young men of the town whil e the Pardoner tells a story of three young men who set out to kill Death and are merely able to find him through their own greed and depravity. While people are hurt in the Miller’s tale, the story focuses more upon the comedy of the situation as opposed to the Pardoner’s tale, which is full of moral warning for the danger deceit brings to the soul. Comparing these two stories reveals a sort of mirror image between the Miller, an honest man who tells a story of comic deceit, and the Pardoner, a dishonest man who tell a story of deceit as damnation. The differences between these two characters are perhaps among the first things to stand out in such a comparison. The Miller is introduced as a drunken loudmouth who cannot be silenced once he decides to speak. The host has called up on the Monk to tell the next story, but it is the Miller who speaks up, first insisting he be allowed to tell his story, â€Å"Either I’ll speak, or go on my own way† (124), then refusing to alter

Enterprise Culture and Entrepreneurship Case Study

Enterprise Culture and Entrepreneurship - Case Study Example The enterprise culture in the UK has also not played a major part in Charles Dunstone's success, as he relied more on himself and close associates to make his business a success. Entrepreneurship is the creation of new enterprise (Low and MacMillan 1988) and it is also often focussed on profit making. Examples of famous entrepreneurial ventures include Gerber baby foods, Barbie dolls and Heinz ketchup. Entrepreneurship is important for any country as it has significant economic and social contributions (Bartol and Martin 1998). For instance, the creation of new enterprise is associated with job creation and the creation of other smaller businesses to supply the business. The economic impact of small business job growth is likely to be greatest during times of economic slowdown, when larger companies are cutting back (Case 1989). During such reductions many individuals whose jobs are eliminated find employment with small businesses. According to one estimate, as many as 20% of managers who have lost their jobs as a result of downsizing in recent years have become entrepreneurs (Zimmerer and Scarborough 1996). New jobs and new business increase a government's tax base and improve the general standard of living. Notable examples of changes in the standard of living include the motor car following Henry Ford's invention of the automobile. Despite the benefits of entrepreneurship, many new ventures still fail and this has led to research on the factors that make some entrepreneurial ventures successful, as it is also reported that as many as 50 -70% of new businesses fail or merge with other larger organisations within their first five years (GPO 1990). In the United Kingdom, there are examples of successful entrepreneurs which include but are not limited to Sir Richard Branson with his Virgin empire, Sir Alan Sugar with Amstrad and Anita Roddick with The Body Shop. These individuals all started with little idea and they maximised the opportunities available to create internationally successful organisations. This case study will focus on Charles Dunstone of The Carphone Warehouse and look at the motivations and reasons behind his venture, the activities involved and an analysis with enterprise culture. Charles Dunstone has been selected for this case study because he managed to set up a business venture in a relatively short period of time, with significant success. He has also gone on to diversify his business and managed to create a stir in the broadband internet market with a huge risk of offering free broadband. At the age of 25, Charles Dunstone was turning over 1.5 million in his first of year of operation, and his employee numbers were growing (The CarPhone Warehouse 2006). The CarPhone Warehouse is now considered Europe's largest independent retailer of mobile communications, with over 450 stores in the UK and over 1000 in Europe and between them he now employs over 4000 employees (The CarPhone Warehouse 2006). Origins of Charles Dunstone's entrepreneurship There are a number of factors that

Australian Macro-Economy Essay Example | Topics and Well Written Essays - 1750 words

Australian Macro-Economy - Essay Example The macro-economic environment supporting the Australian micro-economic reforms have been satisfactory is some respects, but notably deficient in other areas. It is imperative to examine these developments briefly, since, if the major problem areas are not resolved, they have the potential to disrupt the genuinely significant achievements and frustrate the path towards an internationally oriented and efficient economy. The purpose of this section is to examine briefly the salient features of the macro-environment. This article also alludes to some of the effects of the reforms. It does not attempt to provide a comprehensive assessment, which would be beyond the scope of this chapter, and arguably premature. Fiscal Policy Throughout most of the reform period, fiscal policy was reasonably conservative. The Australian Labor administration inherited a large fiscal deficit in 1982/3, in consequence partly of a severe recession. The government proceeded to reduce this deficit progressively through the decade. By 1987/8 a modest surplus had been achieved, and was maintained for the next three years, before another serious recession forced a change in policy. For a short period, also, the administration reversed the post-war trend towards an ever-larger government presence in the economy. Economic growth remained quite buoyant during this period, although inflation continued to exceed that of major trading partners, while remaining below 10 per cent after 1983. The recession of the early 1990s was the major mistake in macro-economic management over this period.

Current Events in Macroeconomics Essay Example | Topics and Well Written Essays - 750 words

Current Events in Macroeconomics - Essay Example They are especially critical of many levels of government intervention, including the proposed guest worker program. The two concur in many areas, including the fact that despite the illegality of this immigration, it benefits the economic status we enjoy by having the illegal immigrants take positions which are those others would not take in service industries like housekeeping and landscaping and other such jobs. The two also state that there are many pluses, including the fact that taxes are often paid by these illegal immigrants. The negatives, unfortunately, are also easily seen, including the use of public education, fire and police protection, and all forms of government assistance including Medicaid, Food Stamps and other such assistance. The overall concept for this article is encompassing human factors, how humanity affects the economy. In this particular case, how the migration and immigration of people affects a particular economy in both good and bad ways. This is subjec t to a great deal of debate as to whether or not such immigration would be of benefit and whether the attempts to change the idea would be of any economic merit. In the Economy section David Wessel writes in A Tricky Move for the Fed, Wall Street Journal June 24, 2006 issue, that the decision to change the interest rate up or down is a tricky proposition in current economic times. The reason for this is that finding an appropriate level of balance is equally as tricky as regaining it once balance has been lost. In the case of current economic standings with inflation on the rise and a slowing economy it's a question of which fire would be the most urgent one to fight. Raising rates could slow the economy and cause a recession, something they don't want; lowering it too much might cause inflation to raise exponentially, also not something favorable in the eyes of economists. Consideration in either case causes concern in the employment factor, the consumer factor is also at issue and then we must also consider how they interact within the economy. Mark Whitehouse reveals, in the piece done in the June 26, 2006 Wall Street Journal titled A Housing Slowdown Can Put the Brakes on a Job Sector but Open Other Opportunities, that the housing boom which our country has been enjoying may be coming to an end and this end makes the appearance of a bad thing. In actuality, the revelations found within this potentially devastating slowdown, could in fact bring about benefits at first unseen. "From a macroeconomic perspective, the housing slowdown, and the attendant slowing of job growth, could be just what the economy needs."1 In essence, the fact that houses are not selling as swiftly as they can be built or as swiftly as someone needs to be transferred may actually prove beneficial in other areas of the economic landscape. This change can further cause a rise in movement elsewhere within the macroeconomic landscape, continuing the cycle that will bring economic relief. Isabelle Lindenmayer writes about the state of the US dollar in her article Dollar is to Enter an Unsteady Week Ahead of Fed Move. As in most cases, the dollar will have its good days and bad days on the market in regard to value, and on occasion, the Fed can influence those good and bad days. In an analysis of expert opinions, two factors,

Australian Macro-Economy Essay Example | Topics and Well Written Essays - 1750 words

Australian Macro-Economy - Essay Example The macro-economic environment supporting the Australian micro-economic reforms have been satisfactory is some respects, but notably deficient in other areas. It is imperative to examine these developments briefly, since, if the major problem areas are not resolved, they have the potential to disrupt the genuinely significant achievements and frustrate the path towards an internationally oriented and efficient economy. The purpose of this section is to examine briefly the salient features of the macro-environment. This article also alludes to some of the effects of the reforms. It does not attempt to provide a comprehensive assessment, which would be beyond the scope of this chapter, and arguably premature. Fiscal Policy Throughout most of the reform period, fiscal policy was reasonably conservative. The Australian Labor administration inherited a large fiscal deficit in 1982/3, in consequence partly of a severe recession. The government proceeded to reduce this deficit progressively through the decade. By 1987/8 a modest surplus had been achieved, and was maintained for the next three years, before another serious recession forced a change in policy. For a short period, also, the administration reversed the post-war trend towards an ever-larger government presence in the economy. Economic growth remained quite buoyant during this period, although inflation continued to exceed that of major trading partners, while remaining below 10 per cent after 1983. The recession of the early 1990s was the major mistake in macro-economic management over this period.

Family Law in America Essay Example | Topics and Well Written Essays - 500 words - 2

Family Law in America - Essay Example In this paper, the case involving Eric and Cindy epitomizes a case whereby spouses are in total agreement until they decide to divorce. Both parties share responsibilities at their home and prior to their marriage, they had signed a prenuptial agreement. The wife disclosed much of her assets and the husband agreed to share the responsibilities at home. Nonetheless, since they have agreed to file a divorce and their case is an uncontested divorce, it looks simple. However, the challenge is that there is no clarity as to whether they have agreed on property division, child custody, and support issues. Since they have agreed to part ways, one of the spouses hires an attorney to prepare the obligatory paperwork. In this case, the wife will only be required to read and sign both the waiver and the final decree. Ethically, it is not possible to represent two parties in a divorce when there is a conflict of interest. If one attorney tries to represent the husband and the wife, in this case, he or she may face some problems. If the attorney takes a side and informs one party that the deal would make it possible for him or her to gain financially, it might anger one party. If the attorney manipulates any party to decide otherwise, the case is considered unethical. In fact, one attorney cannot represent two parties with conflict of interest. Getting an annulment is out of questions because it is a court order that a marriage never existed. Annulment could only be granted if the spouse was already married to someone else. Annulments are very rare. In this case, there is no such a case whereby the husband is claimed to have been married to someone else. However, the case indicates that the wife had mental issues, but still the issues never avoided her from agreeing to marry. She was not forced to marry, they all agreed. Annulment, in this case, is not appropriate because after realizing that the wife had mental problems, the husband was willing to continue with the married out of love.

Night of Scorpion Essay Example for Free

Night of Scorpion Essay Night of the scorpion written by Nissim Ezkiel is an interesting poem and the poet brings about a very appealing contrast between good and evil in it; altogether giving the poem an essence of equality. The poet makes it a trouble-free task for the readers to visualize the scenes with the appropriate use of various imageries. He has also done a marvelous work of adding various different senses into the poem. All the senses, visual, smell, internal feelings and sound have been included. In this poem we can see the scenes vividly with the help of lines like,† †¦to crawl beneath a sack of rice,† and,† Peasants came like swarm of flies. Nissim Ezekiel is able to keep are mind alive and engaged the entire duration of the poem with the help of lines like,† Peasants came like swarm of flies. † When we read this line, we know that it is a simile and it help us to see how the peasants came along. But when think deeper we realize that it also shows us that the narrator does not admire the kind of care that the villagers are showing, he just wants them to leave him and his family alone. The reason the villagers are compared to flies is to show exactly how exasperating they are and that they are not welcome, just like flies. The poet has made this poem complex, which is always a good thing. This can be proved because to describe the scorpion he uses words like â€Å"diabolical† and â€Å"The Evil One† which show it as a demonic creature. On the other hand he also used lines like,â€Å" driven him to crawl beneath a sack of rice† and â€Å"†¦ risked the rain again,† which brings about a contradiction as this line shows that the scorpion is not at all the villain, it is simply scared. Among the many figures of speech used in this poem onomatopoeia is one of them. He has used this figure of speech efficiently, enabling us to hear the constant noises that were made. The poet write that the villagers â€Å"buzzed the name of god† which again stresses on the point that the noise and commotion being made by the villagers was not at all welcome. The poet further draws the interest of the reader by using a figure of speech to convey this message and not doing it directly. He has also written â€Å"They clicked their tongues,† which is another instance of onomatopoeia. The element of smell is brought about because the poet has introduced candles and burning oil in lanterns in his poem as well. Nissim Ezekiel has made the mother’s experience of getting bitten by the scorpion sound excruciating and eternal. He has conveyed this by using some very descriptive writing, example, â€Å"May the poison purify your flesh of desire, and your spirit of ambition,† Nissim Ezekiel successfully built the tense atmosphere by using just a short sentence,â€Å" My father, sceptic, rationalist, trying every curse and blessing,† There is also an instance in which the poet uses alliteration,â€Å" I watched the flame feeding on my mother. This line has also been able to build up the complex nature of the poem because of its dual meaning. We can simply say that the ‘flame’ refers to flame of the paraffin or we can also say that ‘flame’ refers to the scorpion’s poison. The poem ends sanguinely, with the mother surviving and being thankful to god for making her suffer and not her children. After all the tense moments of pain, suffering, torture and fear, the poem has a very touching and warm ending which proves the mother’s love for her children.

SWOT Analysis: Small Business Plan

SWOT Analysis: Small Business Plan Small Business Plan The Toddler Warehouse will be afull-service child care/development facility in the city of Perth that caresfor toddlers from age three to five. The Toddler Warehouse will beconcentrating on the upper end of the market, two income professional parents.These personally ambitious parents are typically eager in terms of theirchildrens development and are willing to pay to have their children attend thebest facilities. Through specialized training of the supportstaff and innovative learning systems, The Toddler Warehouse is cutting edge interms of child development. This curriculum, coupled with a custom designedfacility and a low teacher/student ratio ensures a top-shelf service for thechildren and the parents. The Toddler Warehouse expects to become profitable bymonth 11, and has projected $43,000 as the revenue for year three. Situation Analysis The Toddler Warehouse is a start-upbusiness. A comprehensive marketing plan and effort will be instrumental indeveloping visibility and generating sales. The Toddler Warehouse offers Salem, Ore. a full-service child care and child development facility for toddlers. Theseservices will be differentiated from the competition through advanced trainingand learning systems [1]. Market Summary Through a lot of research, The ToddlerWarehouse has accumulated good information regarding the market and is aware ofmany common attributes of key customers. The Toddler Warehouse will leveragethis information to continue to study who is served, their needs, and how TheToddler Warehouse can best communicate with them. Market Demographics The Toddler Warehouses customers can bedescribed by the following factors: Geographic The immediate geographic areais the city of Salem which has a 130,000 person population base. A 20 mile radius is in need ofthe offered services. The total targeted populationis 12,000. Demographics Primarily two parent household. Two incomes household. Professional parents. Household income of at least$70,000. Parents have at least a collegeeducation, typically one of the parents have a graduate degree. Behaviour Factors Have high expectations fortheir child development and child care. Are willing to pay forhigher-quality services. Have chosen to work instead ofraising their child full time, however, this by no means implies neglect ion ofthe child. Market Needs The Toddler Warehouse is providing Salem parents with a full-time child care service that utilizes a sophisticated learningdevelopment system. The Toddler Warehouse will fulfill the following benefitsthat are important to their customers: Selection: A complete serviceoffering of child care and learning development for toddlers age three to five. Accessibility: The facility iscentrally located and is open from 6 a.m. 7 p.m. Customer service: Treating thecustomer like they are the most important customer that The Toddler Warehousehas is reinforced in all employee training programs. Competitive pricing: The pricingis reasonable relative to the services offered [1]. Market Trends The market trend in child care is anincreased utilization of child care by parents. This is fuelled by the parentsdesire/need to go back to work generating income for the family. While thistrend fuels the need for more general child care facilities, it also generatesdemand for facilities that offer child development. As the parents are spendingless and less time with the children, they have less time to help them develop.The trend is moving demand away from solely babysitting child care to childdevelopment care. This will benefit The Toddler Warehouse because they offerstate of The art learning systems. SWOT Analysis The following SWOT analysis captures thekey strengths and weaknesses within The Company, and describes theopportunities and threats facing The Toddler Warehouse. Strengths A sophisticated and effectivelearning system. Excellent training programsthat all employees must participate in. An educated customer base thatrecognize the benefits that The Toddler Warehouse offers. Weaknesses A lack of visibility due to thenewness of the operations. The ability to attract and keepwell trained employees. The inability to perfectlyforecast demand of services relative to the number of employees on staff at anyone time. Opportunities A growing market with a largepercentage of target customers not yet aware of The Toddler Warehouse. Increased revenue as more andmore people is working, thereby unable to care for their children during theday. As the number of childrenserved grows, fixed costs are spread thinner over a larger customer base. Threats Competition from alreadyestablished facilities that improve their service offerings to be more competitiveto The Toddler Warehouse. Unfounded publicscares regarding child care. Legal liability issues, eitherone large suit against The Toddler Warehouse, or significant increases inpremiums due to changes within the operating environment of the industry. Marketing Strategy The Toddler Warehouses marketing strategywill be based on an advertising effort as well as strategic alliances withorganizations related to the care of children. Advertisements: The Toddler Warehouse willrun advertisements in The Yellow Pages, The Marion County Community ResourceNewsletter, and Statesman Journal, The local newspaper. These advertisementswill be used to raise visibility regarding The Warehouse and its services toprospective customers who are otherwise unaware of it. Strategic Alliances: The goal of thisinitiative is to create an alliance or perceived partnership between TheWarehouse and a number of organizations that are a resource base forinformation regarding raising children. Two of The main organizations are TheOregon Midwifery Association and Birth to Three. Both organizations are wellrespected and wonderful sources of information. The Warehouse will be tappinginto this organizations customer base. The alliances will create a sense oflegitimacy for The Toddler Warehouse [2]. One way the alliance will be created is byco-sponsoring parent education seminars. By sharing insight, research, andsystems that The Warehouse uses, it will have a good source of information thatwill be attractive to parents, as well as to the organization themselves. While networking can be effective, TheToddler Warehouse recognizes that it must offer something of value to theorganizations to create an incentive for them to form an alliance and theco-sponsoring of educational events is just one method. Mission The Toddler Warehouses mission is toprovide top-level child care. We exist to attract and maintain customers. Whenwe adhere to this maxim, everything else will fall into place. Our serviceswill exceed the expectations of our customers. Marketing Objectives Grow the number of customers by10% annually. Build customer loyalty throughsuperior service and educational/development systems. Build the Toddler Warehousebrand to the point where it becomes a household brand synonymous with superiorchild care/development in The Salem area. Increase the referral rate by5% per quarter. Marketing Mix The Toddler Warehouses marketing mix isassembled from the following approaches to pricing, distribution, advertisingand promotion, and customer service. Pricing: The pricing structureis based on an hourly rate. Distribution: All services willbe offered at The Salem facility. Advertising and Promotion: Twodifferent campaigns will be used. The first will be a multifaceted advertisingcampaign; the second will be the formation of strategic alliances. Customer Service: Customerswill be pleasantly surprised at how attentive The Warehouse is in regards totheir needs. The business operates on the assumption that it will do whateveris reasonably necessary to keep the customer happy. This reflects the notionthat if the customer is kept happy, long-term profits is ensured. Financials, Budgets, and Forecasts This section will offer a financial overviewof The Toddler Warehouse as it relates to the marketing activities. The ToddlerWarehouse will address break-even analysis, sales forecasts, expensesforecasts, and how those link to the marketing strategy. Conclusion Childcare considerably affects businesses.An enough delivery of choice childcare gives working families more and betterchoices. It makes available secure, safe care so that parents can work, andhelps employers to attract potential workers with families [2]. Without safe,dependable care that they can rely on, employees may be compulsory take timefrom work because of childcare troubles or use time at work managing child careapprehensions. Their efficiency can have adverse experience as a result, andprized human resources may leave their jobs because of childcare problems. End Notes 1. city of Perth, officialgovernment website retrieved on 15 December 2007 from the linkhttp://www.cityofperth.wa.gov.au/ 2. Sample Business Plan, day Care,retrieved on 15 December 2007 from the linkhttp://www.realbusinessplans.com/members/free_sample_plan.htm

Free Essays: Symbols in Homers Odyssey :: Homer Odyssey Essays

The Symbolism of Homer's Odyssey Throughout Homer's The Odyssey, many tangible symbols are used to represent abstract ideas. Each symbol that Homer uses has two meanings. The double meanings of these symbols are used to represent Odysseus and Telemachus as they strive to meet each other. While each symbol has a meaning that represents the growth of Telemachus, each one also represents, by another meaning, the growth and development of Odysseus. When they meet for the first time, the symbols, and the character traits that they represent confluence, and the resemblance between Odysseus and Telemachus becomes complete. One of the main ideas running throughout the Odyssey is the importance of water. It has the power of giving life and quick, safe travel, but it also has the potential to drown you. Water can be considered a paradox in and of itself. While it is good and usually life giving, it also demonstrates how too much of a good thing can bring harm. It brings much harm to Odysseus as he is traveling to Phaeacia, "At Zeus' command the whole sky is heavy with clouds, the sea is seething, squalls from every corner hurtle together. There is nothing now for me but certain death." Everything needs water to live, however Odysseus speaks of water as an agent of death. Water that brings death by excess represents Odysseus, for he is the one that has to suffer all these years, and he is the one that nearly drowns. Odysseus also learns how too much of a good thing, such as wealth or gold, can seriously harm a man. He especially experiences this when he sacks Troy, and gets carried away, anger ing the gods. Henceforth, it is fitting that the excessive side of water represent Odysseus. Life that is brought by water, the water that satisfies souls is the type that represents Telemachus. He is not excessive, and has been in fact humbled by the suitors in their years there. Further, Telemachus has never seen any trouble with the water or the sea, "...sent a following wind through the clear sky to speed them from astern, so that their ship might most speedily complete their journey across the salt sea." The water never hurts Telemachus and always helps him. Telemachus does not get the chance, as his father did, to Perish from his own excesses. Telemachus also has a pure mind and body which is what water embodies.

New England vs. The Colonies

Colonial Times than In the present. It was hard choice made by many European settlers when considering to what colony to go to. They had to choose between the Middle or Southern colonies along with New England. Each colony had certain, desirable features and characteristics that these settlers had to take into account. However, those that chose to reside in the New England colonies were the most fortunate of the colonists in terms of living standards and morals for a series of reasons.Also, these living standards apply to most people groups at the time. New England's colonies were Rhode Island, Massachusetts, Connecticut, and New Hampshire. The New England colonies were most pleasant to live in partially due to the nature it was gifted with. The pristine environment was healthy to live in as it contained an immense, sprawling forest. (Amounts) This was also supplemented by the fact that it had great access to the coast. (Alicia) It was not afflicted by disease like the other colonies because of a cooler climate and naturally occurring clean water. Alcohol) A notable, Immigrant reverend named Francis Higgins commented on the matter. He stated For a sip of New England's air is better then a whole draft of old England's ale†. (Kennedy, pig. 71) One other motive that New England was superb In living conditions is its favorable political circumstances. One of the earliest precursors of American democracy was present in the Massachusetts colony which is generally conceived as positive by most. The Massachusetts colony was self-governed by religious persons. Amounts) Only male. Protestant church members were allowed to participate In government, but at least tyranny was less of an issue. (Amounts) The great Thomas Jefferson awe one of the government meetings as â€Å"the best school of political liberty the world ever saw†. (Kennedy, pig. 73) New England was a more religiously tolerant group of colonies compared to other areas of North America. Puritans f ounded the Massachusetts colony for the purpose of establishing a place that offers more religious freedom.This was a way to get away from the Intolerant church of England In the British Isles. To escape Puritan ideology at the time, a person could move to the Rhode Island colony. Rhode Island was founded by a settler named Roger Williams where anyone can worship freely. It harbored many people, including the famous Anne Hutchinson, who would be persecuted in other colonies simply because of their beliefs. (Amounts) New England was the epicenter of The Great Awakening which benefited the area.This was due to the preaching of a famous preacher named Jonathan Edwards. This was spiritually refreshing for Christians which composed the majority of the population. Education developed at an increased rate and was concentrated in New England. Many top American universities Like Harvard were founded in the colonies. (Kennedy, pig. 87) The colonies of New England bore an economy that was stab le, profitable and England provided an extremely high availability of lumber.This made lumber a major export and caused New England to be an important source of ships. Innumerable homes were also made with this lumber. The coast provided a gargantuan supply of fish, especially cod for which New England is well known for. Perhaps most importantly, New England had a drastically proportion and profit of the use of human slave labor. (Wisped) If an English person during the 17th and 18th centuries was wary of these facts, hen they would easily deduce that New England was the best colony to emigrate to.The factors dictating this choice would constitute of New England's superior education and health, lowered dependence on human slaves, religious and political freedom and natural features. New England still draws people in due to its features. It is the home of the world's highest educational and beauty. North America was arguably more of a land of opportunity during Colonial Times than in the present. It was hard choice made by many European settlers when considering to what colony to go to. They had to choose between the Middle or Southern colonies along with New England.Each colony had certain, desirable features and characteristics that these settlers had to take into account. However, those that chose to reside in the New England colonies were the most fortunate of the colonists in terms of living standards and morals for a series of reasons. Also, these living standards apply to most people groups at the time. New England's colonies were Rhode Island, Massachusetts, Connecticut, and New Hampshire. Climate and naturally occurring clean water. (Alicia) A notable, immigrant reverend named Francis Higgins commented on the matter.He stated † For a sip of New One other motive that New England was superb in living conditions is its favorable Only male, Protestant church members were allowed to participate in government, of establishing a place that offers more r eligious freedom. This was a way to get away from the intolerant Church of England in the British Isles. To escape Puritan universities like Harvard were founded in the colonies. (Kennedy, pig. 87) more moral than colonies found elsewhere on the continent. The vast forests of New It is the home of the world's highest educational and beauty.

Analyze the different techniques used in the openings of Sommersby and Of Mice and Men films

Creating a successful film often lies in creating a successful opening. By using different camera angles and lighting styles, as well as music techniques the director can set the scene and alter the mood in any way he wants. Here I am going to analyze the different techniques used in the openings of both films as they progress. Credits Somersby starts with an air of mystery to it. We are shown this perspective by the lighting styles and camera angles that used. The camera shots show close-ups of firstly a man who we assumed is dead then of another man who's face is shrouded in a shadow of which enables hardly any of his face to be seen at all. This enables as to question his identity an also question the relationship of him and the other man. The music is also suitably grim but is of fairly poor standard, however the music does suggest the time period as the music is slightly patriotic. In the next scene the music fades and we get another close up of the mans face and hands. The hands are shown as they have importance as it is clearly shown they are covered in blood which when linked with the previous scene allows the viewer to jump to a rough conclusion to what has happened. The music is cut to show us that this is a seriousness of the scene. The close up scene soon fades we are taken to the credits, which are played over scenes of this man traveling through different climates, the variety in the climates shows us that he is traveling of long distances. This also asks us the question was is he going and why is he going. The camera still has not shown us a clear image of this mans face, which still gives us an impression of mystery to the character and also shows us that the character is probably deliberately trying to conceal his identity. The camera also pauses at the point when the man passes what looks like a group of soldiers. This emphasizes there is some important connection between the character we have been shown and these soldiers which helps us as viewers to try and fill important gaps in the profile of this character. In direct contrast ‘Of Mice and Men' is played out in a completely different style. The credits are immediately at the beginning and there are no scenes played underneath it only a blank background. Similar to Somersby however, is the music. Whilst ‘Of Mice and Men' music is of a higher standard it sets the scene for the movie. The music is very sad and solemn which can immediately tell us that this film is not going to be a happy film . As the credits continue further we get sound effects that immediately tell us roughly where this scene is set. The noise happens to be of a train so immediately us as viewers are told a) the scene is on a train and b) the characters in the film may be traveling. The camera pans in showing us light coming through gaps in the carriages, this captures the same dark atmosphere as shown in the opening of Somersby but through a different technique. To add to this gloomy effect the music fades so that only the sound effects can be heard. The director has done this to such an effect that it sort of brings us into the movie and lets us feel the cold, dark, and harsh sounds that anyone would be hearing at that time. This brings user involvement into the film and is also relevant in the next few seconds in experiencing the thoughts of the characters. As the credits start to fad the music starts up again and the camera pauses in front of an outline of a figure. The lighting here is used in the same effect as ‘Somersby' were it does not reveal the character but allows us instead to ask questions about the character instead, for instance why is he traveling on this train and why is he lurking in the shadows. And this effect is obviously used in the same context in ‘Somersby' when we see him with the body for the first time. The music then changes dramatically and immediately the credit scene ends and the movie moves on. This effect of the music changing dramatically also highlights the point that the movie is continuing along a different path as apposed to the music in ‘Somersby' that tends to stay constant throughout the opening. It also gives the effect that this maybe a flash back due to the sudden changes in scene and location. Opening In ‘Somersby' continues on to a new location. The location is obviously vastly different so we can say that the character may have traveled a great distance. The music is still shown as grim and adds tension and emotion to the scene. The scene focuses on the firstly a close-up of the hand being wrapped in a handkerchief. The angle is displayed as a first person view so as to give us a better perspective of the characters feelings, and the obvious close-up of the wrapping of the handkerchief shows us there is some relevance in the scene. We are then shown a third person shot of him taken the coat of he has been hidden under, which shows us that firstly he feels ready to reveal himself and secondly that he had a uniform on showing a connection between him and the soldiers. We are then shown the first full picture of him. The music is now suitably brighter to obviously help lighten the characters mood. We are then taken to his first meeting with another character. The music fades to suggest that this maybe quite an important part of plot development. We are also shown the main character through the other characters eyes to show that at that point the concentration of that character would have been minimal. As the scene carries on the music changes to being much more confident which shows us that the tense atmosphere at the beginning of the scene has faded. Of Mice and Men' once again changes to a different style. The music firstly has become more frantic and the scene first shows a women running. At this point she has no part in the story yet the camera follows her so that we know that it must link to the plot somehow. We are then shown to characters running away from the camera. Immediately this tells that because the woman was running toward the camer a they are running away from each other. This type of camera work is not used at all in ‘Somersby' as it tries to capture a different mood. However as the chase scene ends the same first person view as shown in Somersby is implemented to give us a clearer impression of the characters thoughts feelings at this time. To conclude it is obvious that both films implement similar styles however to get the correct mood they want they have often altered techniques to suit that scene creating the same sort of mood but in different ways. This kind of variation adds variety to the film and makes it much more enjoyable to watch.

The Concept Of Agency Theory Recognizes There Are Fundamental Differences Accounting Essay

IntroductionAn bureau relationship is a contract under which one or more individuals ( the principal ( s ) ) engage another individual ( the agent ) to execute some service on their behalf which involves deputing some determination doing authorization to the agent ( Jensen and Meckling, 1976 ) . If both parties to the association are public-service corporation maximizers and they may hold different purposes and aims, it is inevitable that the agent will non ever move in the best involvements of the principal. The construct of bureau theory originated from the work of Adolf Augustus Berle and Gardiner Coit Means, who were discoursing the issues of the agent and rule every bit early as 1932. Berle and Means explored the constructs of bureau and their applications toward the development of big corporations. Michael C. Jensen and William Meckling shaped the work of Berle and Means in the context of the risk-sharing research popular in the 1960s and '70s to develop bureau theory as a formal construct. Jensen and Meckling formed a school of idea reasoning that corporations are structured to minimise the costs of acquiring agents to follow the way and involvements of the principals. ( Renee O'Farrell, 2010 ) The construct of bureau theory recognizes there are cardinal differences in how stockholders, directors, and even bondholders interpret their several relationships to an organisation. While they may portion some common ends and aims, there is the possible for at least some aims to emerge that are focused more on single enrichment than on the wellbeing of the whole ( Kleiman, 2010 ) . For illustration, directors may be more focussed on constructing a repute for themselves, perchance making their ain power bases within the construction of the larger organisations. Stockholders may go more focussed on gaining dividends now and less on the hereafter of the concern. Bondholders may be concerned merely with the undertaking associated with the bond issue, and lose sight of how the overall stableness of the company can hold a negative impact on the return earned from that bond ( Kleiman, 2010 ) .Contribution of bureau theory to the development of accountingCurrent mainstream accounting resea rch is based extensively on economic theoretical accounts of bureau that represent he runing company ( house ) directors â€Å" agent † and the single investors â€Å" chief † . This chief agent theoretical account has besides been implicitly adopted in the ordinance of accounting, which focuses on the demands and public assistance of a diverse group of single investors who entrust their wealth to the control of director. ( Bricker, Chandar 1998 ) Accounting plays an of import function as a critical portion of the contracts that define a house. For illustration, imparting agreements between a house and its creditors frequently contain several accounting based compacts. Accounting-based fillip programs are often a constituent of executive compensation programs. Accounting steps are normally used in the public presentation rating of a house ‘s cost and net income centres. ( Bricker, Chandar 1998 ) The construct of Positive Accounting Theory has emerged, in recent old ages, which is based on the theory of bureau. It focuses on the relationships between the assorted persons involved in supplying resources to an organisation and how accounting is used to help in the operation of these relationships. While normative theories tend to urge what should be done. When decision-making authorization is delegated, this can take to some loss of efficiency and consequent costs. For illustration, if the proprietor ( chief ) delegates decision-making authorization to a director ( agent ) it is possible that the director may non work every bit difficult as would the proprietor, given that the director might non portion straight in the consequences of the organisation. Any possible loss of net incomes brought approximately by the director underperforming is considered to be a cost that consequences from the decision-making deputation within this bureau relationship – an bureau cost. The bureau costs that arise as a consequence of deputing decision-making authorization from the proprietor to the director are referred to in Positive Accounting Theory as bureau costs of equity. ( http: //www.download-it.org/free_files/Pages % 20from % 20Chapter % 207 % 20Positive % 20Accounting % 20Theory-d0385ad3b7925717c0b72a06b16de4f4.pdf ) Positive Accounting Theory, as developed by Watts and Zimmerman and others, is based on the cardinal economics-based premise that all persons ‘ action is driven by opportunism and that persons will ever move in an timeserving mode to the extent that the actions will increase their wealth. Impressions of trueness, morality and the similar are non incorporated in the theory ( as they typically are non incorporated in other accounting or economic theories ) . Given an premise that self-interest thrusts all single actions, Positive Accounting Theory predicts that organisations will seek to set in topographic point mechanisms that align the involvements of the directors of the house ( the agents ) with the involvements of the proprietors of the house ( the principals ) . ( http: //www.download-it.org/free_files/Pages % 20from % 20Chapter % 207 % 20Positive % 20Accounting % 20Theory-d0385ad3b7925717c0b72a06b16de4f4.pdf ) Some of these methods of alining involvements will be based on the end product of the accounting system ( such as supplying the director with a portion of the organisation ‘s net incomes ) . Where such accounting based ‘alignment mechanisms ‘ are in topographic point, there will be a demand for fiscal statements to be produced. Directors are predicted to ‘bond ‘ themselves to fix these fiscal statements. This is dearly-won in itself, and in Positive Accounting Theory would be referred to as a ‘bonding cost ‘ . If we assume that directors ( agents ) will be responsible for fixing the fiscal statements, so Positive Accounting Theory besides would foretell that there would be a demand for those statements to be audited or monitored, otherwise agents would, presuming opportunism, seek to exaggerate net incomes, thereby increasing their absolute portion of net incomes. ( http: //www.download-it.org/free_files/Pages % 20from % 20Chapter % 207 % 20P ositive % 20Accounting % 20Theory-d0385ad3b7925717c0b72a06b16de4f4.pdf )Agency Theory and Corporate GovernmentPersons are by and large taken to be preoccupied with Generally the basic unit of analysis is taken as the ‘individual ‘ who is preoccupied with maximizing or at least fulfilling their public-service corporation ; conceived typically in footings of a tradeoff between work and leisure. It is this blend of false independency and self-interested thrust that creates the jobs within bureau relationships. ( J Roberts, 2004 ) Using this construct to corporate administration, in effect of the separation of ownership and control, it is the stockholder who is taken as the ‘principal ‘ and the job is how the principal can do certain that his ‘agents ‘ – company managers – work for the fulfilment of stockholders involvements instead than their ain. The redresss to this construct of the bureau job within corporate administration involves the credence of certain ‘agency costs ‘ involved either in making incentives/sanctions that will aline executive ego involvement with the involvements of stockholders, or incurred in supervising executive behavior in order to restrain their self-interest. ( J Roberts, 2004 ) As these premises have been read onto corporate administration, and informed its reform in recent decennaries, they have resulted in what are now an about cosmopolitan set of techniques and patterns designed to command the behavior of executives both within the corporation and externally ( Walsh and Seward 1990 ) . Inside the company, boards have basically two agencies to exert control over executives ; they can fire them and they can give them incentives – portion options, long-run inducement programs. For these levers to work, nevertheless, boards must be populated with ‘independent ‘ non-executives who are willing and able to supervise executive public presentation, peculiarly where there are possible struggles of involvement. The growing and development of both the figure of non-executives on boards every bit good as the increased specification of their function and conditions of ‘independence has characterized board reform around the universe. The separa tion of the function of main executive from that of the non-executive president has been portion of this ; in the linguistic communication of Cadbury it is intended that this ensures that no 1 person has ‘unfettered ‘ powers of determination. The creative activity of audit, wage, and nominations commissions all staffed by independent non-executives, is besides common and ideally ensures both the proper usage of inducements and a high grade of monitoring of executive public presentation and decision-making. To these internal controls are added a scope of external controls. Foremost here has been the focal point on enhanced ‘disclosure ‘ , and the ‘transparency ‘ that this allows, chiefly of fiscal public presentation but late besides of societal and environmental public presentation ( Dissanike 1999, Zadek 2001 ) . The purpose is that the portion market is thereby better informed such that all relevant information is impacted into the share-price ( Fama 1980, Barker 1998 ) . There is besides a market for corporate control ( Cosh et al 1989, Robert 2004 ) that ideally allows for weak direction squads to be displaced by strong squads that will run companies to better consequence for stockholders. In recent old ages at least at a policy degree at that place has besides been concern that stockholders – in the signifier of the big institutional investors – taking on their duties as proprietors ( Myners, ISC 2002, Simpson and Charkham, Robert 2004 ) through exerting proper examination and influence both publically and through their private contacts with investors ( Roberts et al 2003, Robert 2004 ) .Covering with Agency Problems – Reward strategiesThere are two polar places for covering with shareholder-manager bureau struggles. At one extreme, the house ‘s directors are compensated wholly on the footing of stock monetary value alterations. In this instance, bureau costs will be low because directors have great inducements to maximise stockholder wealth ( Eugene and Jensen, 1985 ) . It would be highly hard, nevertheless, to engage gifted directors under these contractual footings because the house ‘s net incomes would be affected by economic events that are non under managerial control. At the other extreme, shareholders could supervise every managerial action, but this would be highly dearly-won and inefficient. The optimum solution lies between the extremes, where executive compensation is tied to public presentation, but some monitoring is besides undertaken. In add-on to monitoring, the undermentioned mechanisms encourage directors to move in stockholders ‘ involvements: performance-based inducement programs direct intercession by stockholders the menace of firing the menace of coup d'etat Most publically traded houses now employ public presentation portions, which are portions of stock given to executives on the footing of public presentations as defined by fiscal steps such as net incomes per portion, return on assets, return on equity, and stock monetary value alterations. If corporate public presentation is above the public presentation marks, the house ‘s directors earn more portions. If public presentation is below the mark, nevertheless, they receive less than 100 per centum of the portions. Incentive-based compensation programs, such as public presentation portions, are designed to fulfill two aims. First, they offer executives inducements to take actions that will heighten stockholder wealth. Second, these programs help companies pull and retain directors who have the assurance to put on the line their fiscal hereafter on their ain abilities-which should take to better public presentation wealth ( Eugene and Jensen, 1985 ) . An increasing per centum of common stock in corporate America is owned by institutional investors such as insurance companies, pension financess, and common financess ( Kleiman, 2010 ) . The institutional money directors have the clout, if they choose, to exercise considerable influence over a house ‘s operations. Institutional investors can act upon a house ‘s directors in two primary ways. First, they can run into with a house ‘s direction and offer suggestions sing the house ‘s operations. Second, institutional stockholders can patronize a proposal to be voted on at the one-year shareholders ‘ meeting, even if the proposal is opposed by direction. Although such shareholder-sponsored proposals are nonbinding and affect issues outside daily operations, the consequences of these ballots clearly influence direction sentiment. In the yesteryear, the likeliness of a big company ‘s direction being ousted by its shareholders was so distant that it posed small menace. This was true because the ownership of most houses was so widely distributed, and direction ‘s control over the vote mechanism so strong, that it was about impossible for heretical shareholders to obtain the necessary ballots required to take the directors ( Kleiman, 2010 ) . In recent old ages, nevertheless, the main executive officers at American Express Co. , General Motors Corp. , IBM, and Kmart have all resigned in the thick of institutional resistance and guess that their goings were associated with their companies ‘ hapless runing public presentation. Hostile coup d'etats, which occur when direction does non wish to sell the house, are most likely to develop when a house ‘s stock is undervalued comparative to its possible because of unequal direction ( Chen et al, 2006 ) . In a hostile coup d'etat, the senior directors of the acquired house are typically dismissed, and those who are retained lose the independency they had prior to the acquisition. The menace of a hostile coup d'etat subjects managerial behaviour and induces directors to try to maximise stockholder value ( Kleiman, 2010 ) . In the best instance scenario, bureau cost is managed in such a manner that the involvements of all parties is protected, and the organisation is able to boom as a consequence ( Tatum, 2010 ) . Even if the assorted types of costs or disbursals involved are identified, if the actions pursued to make a balanced divergency of control are non effectual, the organisation is extremely likely to endure, sometimes to the point of complete failure. When this occurs, the collective and personal ends and aims of directors, stockholders, and bondholders are all undermined to some extent, ensuing in losingss for everyone concerned ( Tatum, 2010 ) .