Culture Vodafone Essays

Culture Vodafone Essays Culture Vodafone Essay Culture Vodafone Essay As the gap between senior management and staff worsened a need for change was recognized. Due to a rise in bureaucracy, a nine month project was introduced to increase efficiency and accountability. The aim of this was to: -Introduce simpler processes -Streamlined reporting procedures -Multi-skilled process-orientated teams introduced to replace functional teams (Recall mentality) The result was one of disappointment as the old-culture was still rife thin staff. Employees were not making the right decisions and there was being too much time taken to report issues that did not need to be reported. This old command and control culture had to be replaced with a coaching and collaboration approach. HRS and senior management began to work closer with each other to ensure that this new culture could be carried through and successfully implemented. Between them they introduced a six step plan to implement the hanged; Vision and values programmer The aim of this was to create staff focus groups, a cascade of workshops led by senior management and a move towards new attitude development. 360 Degree assessment The aim of this was to have the opinions of employees recognized and build awareness within staff of the issues affecting one another. From this it became apparent that employees felt that they were not being Included in many aspects of their work and also there was a lack of Information exchange.

Is College Really Worth It Expert Cost-Benefit Analysis

Is College Really Worth It Expert Cost-Benefit Analysis SAT / ACT Prep Online Guides and Tips With tuition rising every year, more and more students are asking themselves, "Is college worth it?"Many people believe that getting a college education is an important part of becoming a successful adult. Others, however, find it difficult to justify the increasing investment necessary to earn a degree. There’s no one path that’s right for everyone, andit can be difficult to think critically about the decision to go to college when you’re feeling pressured one way or another. There’s no simple answer to this question, butthere is a rational way to think about whether college isthe right path for you. Just as with any investment, you want to think about the relationship between what you put into it (like money, time, and effort) and what you get out of it (like education, networking, and career opportunities). The more you get out of it ascompared to how much you put in, the better the investment. In this post, I'll go through all the potential benefits and drawbacks of pursuing a four-year bachelor's degree so you have all the information to decide for yourself whether college is worth it. A Bit of Background on the Value of a College Degree Before we get started, I want to fill you in on the how the worth of a college degree has changed over time. This way, you'll have a better framework for understanding whether a degree may (or may not) be worth it for you. Since the mid-20th century, the US population has becomeincreasingly educated - simply put, more people are getting bachelor's degrees. In this graph from the US Census Bureau, you can see how the percentage of people with BA degrees has increased from 4.6% in 1940 to 32% in 2015: US Census Bureau Graph There are many reasons why we've seen these educational attainment changes over time, including: The decline of manufacturing jobs, especially for unskilled workers. Employers seeking college graduates for positionsthat didn't previously require a bachelor's degree. Governmentsubsidies in higher education, making college more affordable (until costs rose to meet demand, thereby making college more expensive). Overall, there are a lot of financial and political factors thathave influenced this significant and prolonged shift in how people view college degrees: now, it's often considereddifficult to get awell-paying job (or any job, really) without a college education. That doesn't mean, however, that going to college is always the smart thing to do. It's a big decision, and it's one that warrants some critical thought. To help you think about whether college is worth it for you specifically, let's jump right into the good stuff: the possible investments you have to make to get a college education and the possible benefits you reap as a result. What You Put In: The Costs of College If you're thinking about pursuing a college degree, you'll have to make some sacrifices. The following factors are what I consider to be investments in a post-secondary education. The extent to which these investments affect you depends on your own unique situation, so I'll explainhow to think critically about theseissues in each section. Overall, the major investments you would have to make in a college education are money, time, and effort. Let's see exactly how these might affect whether college is a worthy investment. Money The amount of money that you invest in your education depends on so many factors: your specific school, your financial need, your academic strength, potential scholarship winnings, etc. In general, the less money you have to pay for school, the better aninvestment your education will be. However, even an expensive degree may be well worth it if it pays out in the long run (I'll talk more about that in a bit). Tuition is the most obvious cost associated with attending college, but you also have to worry about room, board, books, personal expenses, and transportation. For more information on all the nitty gritty details of educational expenses, check out our college costs guide. The financial investment you'll make in pursuing a bachelor's degree is perhaps the most important investmentto consider. The average US college grad leaves school with a pretty significant amount of debt - debt that's sometimes very difficult to overcome. There are ways to make your college education more affordable, but sometimes it's tough (or even impossible) to get those expenses down to a comfortable amount. There's nothing wrong with paying a lot for school or even having student debt - it's when those expenses become a burden that they become a problem. Time Most people take four years to complete a BA degree. Depending on your career goals, this may represent an opportunity cost - basically, you might be losing out on other valuable opportunities (to gain job experience, make money, or both) because you're spending these four years in school and out of the work force. A college education is definitely valuable to many employers, and it's correlated with higher earnings later on in life (I'll talk more about this soon). Butbuilding work experience in a particular field, in addition to building wealth, is also valuable - giving up on those opportunities is an investment (or a sacrifice) that you make in order to get a degree. Effort It’s easy to sleep in and skip classes once you have the freedom and independence of a college student. But you’re already investing time and money into your education, so it’s important to make the most of it while you’re there. Buildinga strongeducational background and making professional and personal connections (important benefits of getting a degree) doesn’t just happen - it takes work, and it can sometimes be stressful. It also may involve doing things you don't necessarily want to do, like taking required courses or completinguninteresting assignments. It's important to honestly consider these challenges (and whether you're up to them) before committing yourself to school, especially if it comes with a hefty price tag. What You Get in Return: The Benefits of College You might be feeling a bit iffy about pursuing a degree at this point, but don't stop reading just yet. There are so many potential benefits that come with a college education. The major benefits I see that come with a BA degree (although there canbe many more) are increased employment opportunities, higher income, networking opportunities, personal development, and learning experiences. Employment Opportunities Colleges and universities are recruiting hubs for many industries. When you study at a college or university, especially one that's well ranked, there are often opportunities tomeet with corporate employers who come directly to your school to hirestudents. There are alsointernship opportunities during summers for that could lead directly to full-time employment post-graduation. Employment opportunities offered through colleges and universities extend beyond the corporate world and into academia and professional fields.Any profession that requires a graduate degree (e.g. law, medicine, sometimes business) or is centered around research (basically any job in academia)requires a BA degree first and foremost. Higher Income On average, people with college degrees make more than people without college degrees. Even though you may sacrifice income opportunities in the short term by seeking a degree, you’ll likely end up making more in the long run. This is especially true for people who go into STEMfields. Employers may also assume you’re better qualified for higher-paying jobs if you have a degree. Some jobs may require a BA even if your degree isn’t related to what you’d be doing on the job. Networking Opportunities In a college or university setting, you’ll builda network of friends, but you’ll also developa network of acquaintances, instructors, staff, and alumni. With these networks, it’s a lot easier to get personal and professional help. These connections can serve youin many different ways, especially after you graduate. Here are some ways that a college or university network may come in handy: You move to a new city and need to find a roommate. You’re exploring a career change and want to chat with someone in a particular field. You need some professional guidance or a letter of reference. You’re looking for a new job. Harvard Business School estimates that 65-85% of jobs are obtained through networking- if nothing else, it's a huge help when it comes to getting your foot in the door. You don't even have to know very many people personally to benefit from a college or university network - alumni networks are a great example of this. Personal Development This benefit is a bit more subjective than some of the other ones I've mentioned so far, but I think it's just as important. People's experiences will definitely vary based on where they go to school andthe extent to which they participate in student life - in general, though, here are the ways you can expect to grow and develop on a personal level with a college education: Get exposure to diverse people and ideas. Meeting people with different backgrounds and perspectives results in greater open-mindedness and a more flexible worldview. One study showed that when people have BA degrees, they're more likely to believe that it'sâ€Å"very important to try to understand the reasoning behind others’ opinions." Meet long-term friends. You, of course, don’t have to be at college to make good friends. What’s special about a college environment, though, is that you’re living and working with hundreds or even thousandsof people who are around your age, probably for the first and only time in your life. It’s sometimes more difficult to make friends as you get older - a college is a prettygolden opportunity to meet people. Develop personal and professional interests. Manystudents head off to school with no idea what they want to do with their lives. College gives you a chance to try out different fields, especially if you attend a school with a flexible curriculum. Education Many schools(especially liberal arts colleges and universities) work to produce global citizens: well-rounded students who can be thoughtful and active participants in an increasingly globalized society. You can, of course, learn about things on your own, but college is really an ideal environment to do this - you have a structured learning environment, you're surrounded by intellectually curious peers, and you have access to experts in many fields. There’s a lot to learn out there besides what you’ve studied in high school, andcolleges offer courses on topics that you wouldn’t otherwise have access to. For example, you might want to explore world languages, niche humanities subjects, or specific and advanced STEM fields - all things that are difficult to study outside of a college campus. The thing I see as the biggest educational benefit to attending college is the access to professors, people who have dedicated their lives to research and teaching in a very specific field. Access to these faculty members is especially helpful for students who are considering an advanced degree. When College May Not Be Worth It If you have any desire to go to college, I strongly encourage you to consider it. Overall, I believe that a college degree comes with more benefits than drawbacks. Of course, there will be many exceptionsand individual differences - here, I'll go over some situations where getting a college degree may not be worth it. It's OK(important, even) to consider whether college makes sense for you, even if you've always assumed that you would go to college no matter what. If a DegreeWon't Lead to Professional Success College offers a lot of professional, personal, and intellectual benefits. Even if you’re not sure what you want to do after college, a degree will afford you some flexibility. But you don’t have to go to college in order to be successful - depending, of course, on what career options you’re considering (budding entrepreneurs, for example, may benefit more from real-world experience than from a college education). Some people argue that you can be just as successful with self-directed learning as you can be with a college degree. If you know you can graduate from high school and immediately start working towards your chosen career path, college might not be the best choice for you.Alternatively,if you’re interested in a career that requires trade or vocational school, it might be smarter to apply to those programs instead of applying to a four-year program. This way, you canwork toward building professional experienceearlier rather than later. If You Can't Afford It The total Cost of Attendance at private colleges can come to over $200,000. If you’re responsible for that entire cost and you’re not sure if you can recoup the investment post-graduation, a degree may not be worth it. If the expense is preventing you from looking into a college education, however, there are some options you should consider before making a decision: Not all schools charge $200,00 for a four-year degree. Many institutions are much less expensive (for example, public schools tend to offer subsidized tuition to state residents). There are many federal financial aid programs available for students attending almost any college or university in the US, and you only need to submit one (free) application. Learn more about the Pell Grant program and Perkins loans. If you're a high-achieving student, you might qualify for generous merit aid if you apply to particular schools. Learn more about colleges and universities that give great merit aid. If you think you might qualify for need-based financial aid, you can seek out schools that provide generous funding for lower-income students. Read more about schools with top need-based financial aidprograms. You can apply for scholarship awards, which are great sources of education funding for many students. Learn more about finding and winning local awards, and check outthe top scholarship programs for high school juniors and seniors. If money is the only thing holding you back from getting a degree, I urge you to check out these other funding options. You don’t have to be rich to go to college, and a degree doesn’t have to mean crippling expenses. To read more about paying for college, check out these guides: The four different kinds of financial aid How to pay for college: complete guide How to pay for college without your parents' help How to pay for college without loans If There Are Other ThingsYou Want to Do First (or If You're Unsure) College is a big commitment - if you want to pursue a degree full-time, you’ll be hitting the books for nine months out of the year. You may want to do other things with your time after you graduate from high school before heading off to college,like get professional experience, travel, or volunteer. The bottom line is that you can always postpone the college application process if you have other priorities or even if you want to take time to decide whether college is right for you. You don’t have to go to college right out of high school. Keep in mind that many schools allow you to defer acceptance. It might be easier to work through college applications when you have the support of a guidance counselor and when it's easy to ask teachers for letters of reference. Even if you decide to apply while you're in high school, it's possible to postpone attending the school of your choice for a year or two (or even forever, if you decide it's not right for you). Conclusion: Is College Worth It? Overall, college is a pretty good investment - many students who pursue a bachelor's degree end up reaping the benefits, whether they're financial, professional, or personal. But many others pursue a degree without spending some serious time thinking about whether it's a smart choice. You may feel thatyou should go to college if you want to be successful. AsI mentioned earlier in this post, there are many circumstances where a college degree doesn't exactly make professional, financial, or personal sense (at least not at this very moment). It's important that you know it's okay to postpone such a big decision if you remain unsure. If you do decide to take time to pursue an alternative path, remember that it's important to use your time wisely (else you're subject to the same types of opportunity costs that I mentioned earlier in the post). Building professional experience or engaging in self-directed learning are definitely not easy alternatives to a college education - they're just different. Whatever you decide to do - good luck! What's Next? One big part of the college application process is standardized testing. If you're researching whether college is a good choice for you, it may be helpful to learn more about whether these tests in any way predict future income.Some people even think that the ACT and the SAT have the power to predict success more broadly. If you're worried more about what the whole college application process will look like and you hope to plan around that, we've got you covered - check out our completetimeline for applying to college. Want to improve your SAT score by 160 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

American Government Research Paper Example | Topics and Well Written Essays - 1000 words

American Government - Research Paper Example (US Constitution) When the U.S. Constitution was newly formulated, many of its opponents argued that the federal government had too much authority which could be used illegally. Therefore to avoid this, it was demanded that a bill should be formulated to protect the rights of the general people. As a result, the Bill of Rights was proposed on September 25, 1789 which contained 10 amendments that referred to the protection of rights of individuals. (Archives) The first amendment of the Bill of Rights was related to the free practice of religion and freedom of speech. It says that the Congress is not permitted to make any laws which affect the freedom of practice of any religion and that all the religions in the United States are to be respected. It also states that the existence of freedom of speech and media are to be maintained and that people have the right to protest peacefully. (Cornell University Law School) The purpose of this amendment is to ensure that the democratic power of the United Nations is maintained and that people have the basic right to live freely and do whatever they want, given that it does not hurt someone else. People need to have the freedom to express themselves and practice their religion, and only then will the society develop as a whole. It is necessary for all who stand in the religious minority so that their issues are addressed equally to all the religion in the nation and well as all the ethical groups who want to have their voices heard. This amendment gives them a chance to submit a petition and protest peacefully if they think a certain action or law is affecting them unfairly. A person who has been accused of protesting against a policy of government can benefit from this amendment since it gives him/her the legal right to protest given that it is a peaceful one. The law enforcement needs to keep in mind that they do not violate the right given to them by

I will down load the story that it needs to be taken from Essay

I will down load the story that it needs to be taken from - Essay Example Since its inception technology’s infusion into life has transformed the lives of human beings slowly and steadily and has evolved the human society into its present state- the state which is miraculously poles apart from where the society stood just a few decades ago. This infusion of technology and successive increasing inclination is, however having both good and bad effects upon it adapters. One the one hand there is one school of thought which argues that technology is to ma like blood is to human body. They claim that technology is extremely beneficial and it unending benefits make life extremely feasible for man to live their life. From computing devices assisting man at every unit time to the limitless number of software that do thousands of tasks for man, people argue that there is now way by which such a beneficial invention could be non- beneficial for man. â€Å"Digital technologies have had a profound impact on most aspects of human life. The rapid pace of technol ogical development has given the current generation one of the most fascinating eras in which to live. Technological advances are leading to life changing scientific breakthroughs, new business management paradigms, and a more inclusive and connected global society.† (Baldauf, Stair, 2011) On the other hand there is this other school of thought who argues that technology infusion is gaining a dangerous pace among human beings and it is thus becoming highly dangerous for their own personal lives. People afraid of the dangerous inclination of technology towards man contend that people get so very used to checking their connecting gadgets and their office work all the time that they even tend to forget their meal times and their personal obligations towards their families and friends. It is as if technology infusion has actually taken over their lives and their distractions from their personal lives are not even detectable to them. Others even maintain that the thought of assumin g that multitasking enables more productivity is actually not true. While people think that they actually are multitasking and are getting several tasks done simultaneously they originally are unable to concentrate on even one single task. There is absolutely no task of getting creativity done if one is multitasking and is trying to work at the same time on their Smartphone, laptop and tablet etcetera. People become this much freaks that even the thought of not remaining connected to their gadgets for the sixteen seconds in which the train in which they are travelling passes through a subway is not acceptable to them. The look forward to the passing of those sixteen seconds as soon as possible so that the connectivity to their gadgets is maintained again. â€Å"Technological change is the major source of cultural change in any society.† (Andersen, Taylor, 2007) My view is that over exposure to any thing is not safe and not good for anyone. Thus even the overexposure to techno logy is not recommended. Our personal lives are the most cherished things man has been blessed with. Thus we would be taking advantage of the benefits of technology but should not let them take over our minds and souls for all times. When it comes to the topic of the affects of things on the personal lives of human beings, most of us will readily agree that our family and personal lives should have the utmost importance and should not be neglected at all. Where this agreement usually ends, however, is on the question of whether this dangerous

Computer Aided Process Planning Essay Example for Free

Computer Aided Process Planning Essay Process Planning Products and their components are designed to perform certain specific functions. Every product has some design specifications which ensure its functionality aspects. The task of manufacturing is to produce components such that they meet design specifications. Process planning acts as a bridge between design and manufacturing by translating design specifications into manufacturing process details. It refers to a set of instructions that are used to make a component or a part so that the design specifications are met, therefore it is major determinant of manufacturing cost and profitability of products. Process planning answers the questions regarding required information and activities involved in transforming raw materials into a finished product. The process starts with the selection of raw material and ends with the completion of part. The development of process plans involves mainly a set of following activities; †¢Analysis of part requirements †¢Selection of raw workpiece †¢Selection of manufacturing operations and their sequences †¢Selection of machine tools †¢Selection of tools, tool holding devices, work holding devices and inspection equipments †¢Selection of manufacturing conditions i. e. cutting speed, feed and depth of cut. †¢Determination of manufacturing times (2) The manual experience-based planning method The manual experience-based process planning is most widely used. It is mainly based on a manufacturing engineers experience and knowledge of production facilities, equipment, their capabilities, processes, and tooling. The major problem with this approach is that it is time consuming and developed plans may not be consistent and optimum. The feasibility of developed process plan is dependant on many factors such as availability of machine tools, scheduling and machine allocation etc. Computer aided process planning is developed to overcome this problems to some extent.

cuba :: essays research papers

Fidel Castro Liss, Sheldon B. Roots of Revolution: Radical thought in Cuba. Lincoln: University of   Ã‚  Ã‚  Ã‚  Ã‚  Nebraska Press, 1987, The document that I chose is the picture of Fidel Castro and his band of revolutionaries at a secret camp somewhere in Cuba. The picture was taken in 1957, on January 1st 1959 Castro and his army took over the authoritarian government of Fulgencio Batista. In the picture all the men are holding rifles and look like they have been fighting in their Guerilla warfare style. Guerilla warfare is where you use your surroundings to your advantage. It often uses sneak attacks, ambushes, hit and run tactics and is known to be extremely brutal. Guerilla warfare does not require a big well trained army, which works to Castro’s advantage because it allowed him to arm the peasants who were fighting for revolution.   Ã‚  Ã‚  Ã‚  Ã‚  January 1st 1959 is one of the most important days in Cuba’s history and has had substantial effects on many other countries. When Castro over took Batista’s government Castro was gaining in popularity, especially with the middle class and peasants who wanted change. Two of the countries most affected by the take over were the Soviet Union and United States. After the take over the Soviet Union paid one hundred million credits for Cuban sugar, it’s primary export. Over the next few years Castro and the Soviet Union became closer. On December 2 1961, Castro publicly announced that he was a Marxist-Leninist and would remain that way until the day died. Cuba became the first Communist country in the Western Hemisphere, and this worried the United States who was in the midst of the Cold War with the Soviet Union In October of 1960 The United States declared a trade embargo against Cuba. Then on January 3, 1961, the United States broke all diplomat ic relations with Cuba. This pushed Cuba closer to the Soviet Union and led eventually to the Cuban missile crisis. The United states has been obsessed with the idea that the Soviet Union is using Cuba as a surrogate foster of Marxist subversion throughout the Caribbean, Central and South America   Ã‚  Ã‚  Ã‚  Ã‚  The Cuban revolution is seen as a bad thing to Americans, but it did give the Cuban people some social gains. Castro was always liked my the peasants and middle class because he promised to improve their living conditions. Two areas that improved were health care and education. cuba :: essays research papers Fidel Castro Liss, Sheldon B. Roots of Revolution: Radical thought in Cuba. Lincoln: University of   Ã‚  Ã‚  Ã‚  Ã‚  Nebraska Press, 1987, The document that I chose is the picture of Fidel Castro and his band of revolutionaries at a secret camp somewhere in Cuba. The picture was taken in 1957, on January 1st 1959 Castro and his army took over the authoritarian government of Fulgencio Batista. In the picture all the men are holding rifles and look like they have been fighting in their Guerilla warfare style. Guerilla warfare is where you use your surroundings to your advantage. It often uses sneak attacks, ambushes, hit and run tactics and is known to be extremely brutal. Guerilla warfare does not require a big well trained army, which works to Castro’s advantage because it allowed him to arm the peasants who were fighting for revolution.   Ã‚  Ã‚  Ã‚  Ã‚  January 1st 1959 is one of the most important days in Cuba’s history and has had substantial effects on many other countries. When Castro over took Batista’s government Castro was gaining in popularity, especially with the middle class and peasants who wanted change. Two of the countries most affected by the take over were the Soviet Union and United States. After the take over the Soviet Union paid one hundred million credits for Cuban sugar, it’s primary export. Over the next few years Castro and the Soviet Union became closer. On December 2 1961, Castro publicly announced that he was a Marxist-Leninist and would remain that way until the day died. Cuba became the first Communist country in the Western Hemisphere, and this worried the United States who was in the midst of the Cold War with the Soviet Union In October of 1960 The United States declared a trade embargo against Cuba. Then on January 3, 1961, the United States broke all diplomat ic relations with Cuba. This pushed Cuba closer to the Soviet Union and led eventually to the Cuban missile crisis. The United states has been obsessed with the idea that the Soviet Union is using Cuba as a surrogate foster of Marxist subversion throughout the Caribbean, Central and South America   Ã‚  Ã‚  Ã‚  Ã‚  The Cuban revolution is seen as a bad thing to Americans, but it did give the Cuban people some social gains. Castro was always liked my the peasants and middle class because he promised to improve their living conditions. Two areas that improved were health care and education.

Differences Between Gaap & Ifrs in Accounting

Income Tax Memorandum 10/18/2012 Over the past few years, there has been a push to adopt a single international accounting standard in order to simplify commerce in the global economy we live in today. However, this is more easily said than done because of some very notable differences between U. S. GAAP and IFRS standards. One of the most significant differences between GAAP and IFRS arises when accounting for income taxes.The first issue that arises when accounting for income taxes is determining the tax basis of an asset or liability. Under IFRS standards, tax basis is based on the expected manner of recovery. These standards define the tax base of an asset as the amount that will be deductible for tax purposes against any taxable economic benefits that will be received in the future. Similarly, the tax base of a liability is defined as its carrying amount, less any amount that will be deductible for tax purposes in the future.Under U. S. GAAP standards, tax basis is a question of fact under the tax law, which means the tax basis of an asset or liability is the amount used for tax purposes. For example, in the case of an asset, tax basis includes the amounts that are deductible for deprecation, as well as any amounts that would be deductible upon sale or liquidation of the asset under tax law. Another key difference between IFRS and GAAP is how income tax expense (benefit) is allocated to financial statement components.IFRS allows for a full â€Å"backwards tracing† approach to be used. In this approach, income tax expense is recognized in the income statement regardless of the period in which the tax expense or benefit is recognized. Under GAAP standards, â€Å"backwards tracing† is prohibited, and income tax is allocated to the financial statement category where the pre-tax item was recorded. A further difference between IFRS and GAAP arises when dealing with Deferred Tax Assets (DTA’s) and Deferred Tax Liabilities (DTL’s).The f irst difference between the two standards is how DTA’s and DTL’s are classified. Under IFRS, DTA’s and DTL’s are always classified as noncurrent on the balance sheet. GAAP requires that DTA’s and DTL’s be classified as either current or noncurrent, based on the classification of the asset or liability generating the temporary difference. IFRS and GAAP also differ on how a Deferred Tax Asset is recognized. IFRS uses the Net Approach, where assets are not recognized unless it is probable (greater than 50%) that they will be realized.Whereas GAAP calls for the Gross Approach, in which the full DTA is recorded and then reduced by a valuation allowance if it is not likely to be realized. One of the last key differences between IFRS and GAAP in accounting for income taxes is each standard’s guidance for uncertain tax positions. Under IFRS, there is no specific guidance given, and a company can record the liability as either a single best es timate, or a weighted-average probability of the possible outcomes. GAAP however, gives clear guidance on how to account for uncertain tax positions.Under these standards, if an uncertain tax position meets the â€Å"more likely than not† recognition threshold, the benefit is measured at the largest amount of tax benefit that has a greater than 50% likelihood of being realized. In summary, the differences between IFRS and GAAP accounting standards are vast, and each difference has a real effect on a company’s financial statements. IFRS tends to have less strict guidelines, and each individual company is allowed to use their own judgment on certain matters. GAAP takes a stricter approach, and most accounting issues have set guidelines and standards that a company must adhere to.

Fpi Assignment

Executive Summary The report is regarding to the knowledge of analyzing the accounting data of a listed company, using the various accounting information that provided to identify and examine the competitiveness and efficiency of the listed company. Besides, in order to examine the reliability of the data provided, analysis of the balance sheet and income statement is required. The financial information can be obtained from the annual reports of Harbour-Link Group Berhad.In addition, the report is required to include the top-down approach which consists of Economic analysis, Industry analysis and Fundamental analysis to analyze the listed company in the point of view for investors. Table of Content 1. Introduction 1. Objectives 2. Analysis of the statement of financial position, the statement of financial performance and cash flow statement. 1. Financial Analysis ratio: Asset efficiency ratio Capital Structure ratio Liquidity Ratio Profitability Ratio Share Price 3. Economic Analysis 4. Industry Analysis . Conclusion 6. Findings 7. References Introduction In this report, Harbour-Link Group Berhad is chosen among the listed companies. Harbour-Link Group Berhad is an investment holding company which provides shipping, forwarding and transportation, plant and machinery hiring, and engineering contract services primarily in Malaysia and Singapore. Harbour-Link Group Berhad was founded in the year of 1975 and it is based in Bintulu, Sarawak, Malaysia. It was officially listed on Bursa Malaysia Securities Berhad in the year of 2004.Today, Harbour-Link Group’s success lies in its strong foundation of expertise in the industry and its ability to established the company as a reputable brand-name within the shipping, sea freight forwarding and transportation industries. Objectives 1. To identify the sources of funds, Balance Sheet and profit or loss of the Harbour-Link Group Berhad. 2. To analyze accounting data of Harbour-Link Group Berhad to examine its financia l performance using Financial Performance Indicators (ratio analysis) 3.To analyze the economy status, competitors within the same industries and evaluate the operating efficiencies of the listed company. 4. To examine the competitiveness and efficiency of the listed company by using the various accounting information provided. Financial Analysis Financial analysis ratios are used to examine the financial performance of a company in which it will be reflected in the ratios calculated. (Giles et al, 1994, p. 371) Asset efficiency Ratios Asset turnover ratio From the data calculated, the asset turnover ratio for the financial year of 2008, 2009 and 2010 are 109. 9%, 92. 12% and 79. 65%. This indicates that the Harbour-Link Group Berhad is not doing well in the sales of the products or services because the asset turnover ratio is decreasing from year to year. Debtor turnover (in days) Debtor turnover is the debtor collection period of a company. Harbour-Link Group Berhad had a debtor t urnover of 73 days in the year of 2008. In the year of 2009, the debtor turnover is 77 days. However, its debtor turnover is decreased to 71 days. This reflects that the possibility of default risk for the debtors is decreasing.In fact, this is a good thing in a company. Inventory Turnover Inventory turnover measures how many times the company can sell through its inventory for each year. In the year of 2008, Harbour-Link Group has an inventory turnover of 163 times. The turnover increased to 212 times in the financial year of 2009 but the inventory turnover decreased to 127 times in the year of 2010. This reflects that the company can sell better in the year of 2009 but it dropped tremendously in the year of 2010. Capital structure Ratio Debt to equity ratioThe debt to equity ratio of Harbour-link Group Berhad is decreasing from the year of 2008 to 2010 by 2%. This is caused by the reducing of total liabilities and the increasing of the total equity. Time interest earned The times- interest-earned ratio allows a lender to evaluate the company’s ability to meet its debt obligation. It is a ratio of the earning before interest and tax over the interest expenses. The time interest earned has a slightly increased from the year of 2008 to year 2009 but it has a greater decrease in ratio amount from the year of 2009 to year 2010.This means that in the year of 2010, Harbour-Link Group Berhad have lesser earnings are available to meet the interest payments and this makes the company to be more vulnerable to the increases in the interest rates. Liquidity Ratios Liquidity ratio is the ratio that is used to examine the liquidity of a company. It includes: Current Ratio Current ratio is the ratio of current assets to current liabilities. Harbour-link Group Berhad has it current ratio decreasing from the year of 2008 to 2010. Its current ratios are 1. 90, 1. 76 and 1. 57 respectively. The ratio is decreased by 14% and 19%.The data is calculated as shown in the findi ngs. Liquid Ratio Liquid ratio is the ratio of (current assets-inventory) to (current liabilities-bank overdraft). Harbour-Link Group Berhad has borrowings so there is bank overdraft existed and that’s why it is classifies as a debt financing organization. The company has a higher liquid ratio of 2. 34 in the year of 2010 compared to the year of 2008 and 2009 which is 1. 88 and 1. 75 respectively. The liquid ratio of the 3 financial years exceeded 1 and this indicates that the current assets are greater than the current liabilities.Higher liquid ratio reflects better performance of the company. Net working Capital Net working capital is the difference between current assets and the current liabilities. In the three financial years, Harbour-Link Group Berhad has the highest net working capital of RM 51. 4 million in the year of 2008. The figure of net working capital for Harbour-link Group Berhad decreased in the year of 2009 and 2010 by 0. 43% and 12. 32% respectively. This s hows that there is a drastic drop in the net working capital of year 2010. Profitability Ratios EBIT to total funds ratioEBIT to total funds ratio of Harbour-Link Group Berhad is decreasing in the range of 22% from the financial year of 2008 to 2009 and 21. 4% from the financial year of 2009 to 2010. The total funds consist of shareholders’ funds and borrowings. According to the annual report, Harbour-Link Group Berhad is practicing debt-financing to raise funds because there is borrowing existed. Return on Equity (ROE) Harbour-link Group shows a decrease in net income from year 2008 to 2010. This situation leads to the decrease in the return on equity (ROE) of 5%.In the financial year of 2010, it has the ROE of 0. 08 which indicates that for every RM1 of the capital that the shareholder invested into, they will get 8% of return. Return on Assets The return on assets measures the productivity of assets in terms of the level of profits each dollar of assets generates. (Karen D . H, 2004, p. 131) The return on assets of the Harbour-Link Group Berhad is decreasing from the financial year of 2008 to 2010. It decreased from 8% of year 2008 to 7% in the year of 2009 and then 5% in the year of 2010.This implies that the productivity of the company’s assets is not doing well in terms of profits that the assets generated. Net Profit Margin The net profit margin is the ratio of net profit after tax to the total revenues. In the financial year of 2008 and 2009, Harbour-Link Group Berhad has the net profit margin figure of 8%. It indicates that the company has a net income of RM0. 08 for each RM1 of sales. However, the net profit margin for the year of 2010 decreased by 2% which is only 6% in the financial year. This shows that for every RM1 of sales made by the company in year 2010, the net income is only RM0. 6 which is RM0. 02 lower than the previous year. Share Price Price to Earnings Ratio (P/E) Price to Earning ratio is calculated by using the share pri ce of the year 2010 over the earnings per share. The market price of Harbour-Link Group Berhad was amounted to RM 0. 72 in the year of 2010. From the annual report of the financial year of 2010, the earning per share is RM 0. 11. By using the formulae, the price to earning per share of 2010 is calculated as shown in the table with a figure of RM 6. 825. Current Economic Analysis Roots of Global financial crisisGlobal financial crisis are usually caused by bad regulation of the banking sectors, failure of fiscal and monetary policy implemented and so forth. In the year of 2008, Financial crisis began with the declared of bankruptcy of Lehman Brothers Holdings Inc. which is the fourth largest investment bank in United States. It was a severe ongoing world financial problem that began in U. S in the year of 2008. This recession has entirely hitting on the fragile global economy with the tremendous devastation in countries all around the world. The U.S government was trying to point the finger of the financial crisis to the rating agencies, who knew about the great risk that was coming but kept giving high reliability ratings to companies that did not deserve them and thus investors invested in the wrong companies. The cause of the bankruptcy of Lehman Brothers Holdings Inc was the accumulation of debt and the increasing of loan defaults. Why it evolved into a world crisis The news on bankruptcy of Lehman Brothers Company led to the drastic fall in the share price all over the world.The company had billions of dollars losses incurred in the mortgage market of United States. (BBC NEWS, 16th Sept 2008) In Lehman Brothers’ case and the other investment banks, the problem was provoked by 2 major factors which are the very high level of leverage ratio and the dependence on short-term debt financing. Commercial banks cannot leverage their equity more than 15 to 1 as they are regulated but for Lehman Brothers Company, it had a leverage ratio of more than 30 to 1. According to the table 1, Lehman Brothers had only $3. 30 of equity for every $100 of loans. With this ratio, it makes the company to be insolvent.Conversely, the instability arose from the leverage problem was aggravated by the strong reliance on the short term debt. Based on table 1(Lehman Brothers Liabilities and shareholder’s equity), at the beginning of the crisis, the company financed greater than 50% of the assets. Reliance on short term debt financing is profitable indeed when it comes to a low interest rate market environment. However, when the company faced rumors of the insolvency problem, the short term lenders will start to have doubt on the company’s performance and therefore, they will start to withdraw their funds from the company for self interest protection.This scenario will lead to a shortage of liquidity for the borrower and thus the company tends to default. After the crisis began, Lehman Brothers did try to decrease its leverage and reduce its de pendence on the short term borrowing but it was too late for them to amend the situation and therefore, bankruptcy occurred. The bankruptcy of Lehman’s brother forced the reassessment of risk in the market by looking at the price of the credit default trades. Impact on Malaysia and world economies The crisis started in the year of 2008 had a great hit on Malaysia and world economies.It causes the gas price had a drastic drop, decreasing of the value of real estates, the increasing of unemployment rate, Federal debt crisis and inflation. There is a global explosion in commodities price. The price of crude oil was remaining at high levels for few years till the end of 2008, the crude oil price dropped from the peak in July 2008 of US$145 to US$30. 28 per barrel in December 2008. (Forbes, 2008) According to the findings in table 2, the unemployment rate of Malaysia increased by 3. 13% from the year of 2008 to 2009 and 12. 12% from the year of 2009 to 2010.Malaysian future econom ic At first, Malaysia was aiming to have 9% of average annual Growth Domestic Product (GDP) until 2020. Suddenly, according to the Economic Planning Unit, the government noted that the number is absurd then they changed and told that Malaysia was capable to achieve 5. 4% of Growth Domestic Product (GDP) annually over the next 10 years to achieve the objective of becoming a high income economy by 2020, which is the vision 2020 (East Asia Forum, 2009). These seem that Malaysia’s economic future is uncertainty. It keeps changing.Besides, Malaysia’s government has a close relationship with its private businesses. Because of the relationship with some business groups have ostensibly led to the emergence of political cronies with unlimited access to public resources. Not only the relationship that mention above but also the experience of neighbouring Indonesia shows that it is a dangerous trend that could negatively affect economic development in the future. In this matter, changes in political leadership led to unstable political environment. Although it does not directly effect on Malaysia, it threatens he influx of refugees caused damage regional stability and social stability. Malaysia's maritime economy can be defined as the production and manner of use of the range of goods and services that are linked to the maritime sector (Abdul Aziz Abdul Rahman, 1997). It covers the activities that are resource based, including fisheries, oil and gas, marine biotechnology and those that are service based such as shipping ports, shipbuilding and repair and the myriad range of ancillary maritime services (Maritime Institute of Malaysia,2005).Malaysia's main concern is the future of marine economy of the future of Malaysian trade, because the country's foreign and domestic trade, or even almost totally dependent on sea transport facilities. From this we can know that it will have a very bright prospect in maritime economy. If Malaysia is to achieve the goals of industrialization, productivity-driven growth and enhancing competitiveness will depend on how the maritime sector is managed. The maritime sector has a main role to play in enhancing productivity-driven growth. An important element that will affect efforts to sustain international competitiveness is productivity.But, for longer term, Malaysia will need to maintain its international competitiveness, since there is rising competition from other emerging markets for Foreign Direct Investments (FDIs) and for the transfer of modern technologies. Environmental issues are also important for Malaysia in the longer term as deforestation and global climate change may destabilize the country's agriculture, which still plays an important role in the national economy. What is the most important is the political will effect a change to system-centred thinking in planning the future of the economy. So, a stable political environment is very important to Malaysia.If the political environment of M alaysia is good, it will have a bright future of economy. Solutions to the Global Financial Crisis or crises in general. Banks and financial institutions can cause a downswing of an economy because of their ignorance of the business cycle. Besides, bankers are greedy with the fat bonuses that they will gain if they get the highest market shares results. When the economy is doing well, they expect that there will be no recession problem is going to occur and therefore they will give loans to their customers without considering their customers’ affordability to repay the loans.Once their customers cannot afford to repay the loans, recession will occurs. To overcome these crisis problems, several steps can be used. Government and bankers often intervene to smooth the peaks and valleys of the economic cycle. There are two objectives that the government and bankers can do to prevent serious downswing of an economy. 1) Speedy intervention to prevent a self-perpetuating downward spi ral, which means protecting depositors at minimal long term cost to the taxpayer.For example, the Federal reserve may restrict the money supply in good times to slow the expansion phase of the economic cycle, or deficit spend and cut interest rates to ease the recessionary phase of an economic cycle. 2) Ensure so far as possible that future booms are less exaggerated. This has implications for the form of any rescue package, and for the system of financial oversight that is put in place. The growth of consumer credits will increase the consumption of the consumer. The increase in the consumption will increase the aggregate demand of the country whereby AD equals to C + I + G + (X-M). Mc Taggart et al, 2007 p. 766). When the AD is increasing, it means that GDP is also increasing. This shows that the consumer credits provided will also be increased and therefore people will keep on borrowing money from the banks for consumption. This situation actually can amplify the business cycle a nd extend the upswing of the economy. Industry analysis The domestic and the world economy were in a downturn in the year of 2009. All the industry was affected and they are making an effort to maintain their previous performance and growth momentum. In the year of 2009, Harbour-Link Group Berhad suffered revenue declined by 5. 9% to RM 327. 6 million. The revenue decreased again by 5. 76% to RM 308. 7 million compare to the previous year due to lower selling prices and softer consumer demand. One of the Company competitors, Swee Joo Berhad was also suffered by achieved a turnover of RM 346. 7 million which is 9. 9% lower than the previous financial period. The lower turnover was also impacted by the recovery state for the economy. Swee Joo Berhad has a reduce in current ratio from 0. 648 to 0. 278 which seems to be lower than that of the Harbour-Link Group Berhad and therefore Harbour-link seems to have a better current ratio.Swee Joo Berhad has a negative figure for its Earnings b efore interest and tax of -11. 32 million and -176. 82 million in the year of 2009 and 2010. This is a huge loss for the company. It shows that Harbour-Link has a better performance than its major competitor, Swee Joo Berhad. Although the economy showed signs of recovery, but most of the economists hold that the sustained global recovery is still vague. This situation greatly influenced the consumers spending behavior. According to the Edge, Harbour-Link Unit obtained the secured contracts of RM75. 2 to supply gantry cranes for the Bintulu Port Sdn Bhd.The contracts were expected to be done in the year of 2012 and it’s also expected to escalate the future revenue and earnings positively for Harbour-Link Group Berhad. (The Edge, 11 April 2011) There are several ways for the companies to perform better during this hard period. However, the suppliers are also important causes which will affect the company performance. Although Harbour-Link Group Berhad suffered lower revenue dur ing the year, however, it obtained quite a number of big projects with a favorable amount of contracts worth which is believed to boost the revenues for the future of the company itself.This scenario will assist Harbour-Link Group Berhad to create a stronger visibility and allow it to be well positioned for the economic recovery. Findings [pic] Table 1 shows Lehman Brothers Liabilities and Shareholders’ Equity Source: Lehman Annual Reports |Year |Unemployment Rate |Percentage Change | |2006 |3. 60 | | |2007 |3. 50 |-2. 78% | |2008 |3. 20 |-8. 7% | |2009 |3. 30 |3. 13% | |2010 |3. 50 |12. 12% | Table 2 shows the unemployment rate in Malaysia Source: CIA World Factbook Conclusion In conclusion, although the Harbour-Link Group Berhad has a downturn in its overall performances in the financial year of 2009 and 2010 as the results shown in the findings, but it has a better performance than its main competitor, Swee Joo Berhad in the shipping industries.The Harbour-Link Group Berha d is overall well organized in its financial statements as shown in the annual reports and it can be categorized as a profitable and successful listed company in Malaysia. On the perspective of investors, Harbour-link is counted as a good investment company and therefore investors are advised to consider Harbour-link Group Berhad as one of their investment company because the company has a good expectation to have a huge increase in its future economic benefits.The future economy of Malaysia is expected to have a good return and therefore this ensure that Harbour-Link Group Berhad is a wise investment for the future benefits. References Abdul Aziz Abdul Rahman, 1997, The Maritime Economy of Malaysia, Pelanduk Publication BBC News, 16 September 2008, http://news. bbc. co. uk/2/hi/business/7615931. stm Bursa Malaysia 2010- Equities, Bursa Malaysia Berhad, viewed on 26 April 2011 http://www. bursamalaysia. com/website/bm/market_information/prices/ East Asia Forum, Malaysia’s Eco nomic Future, view on 1 May 2011, http://www. eastasiaforum. org/2009/11/24/malaysias-economic-future/Encyclopedia of the Nations, Malaysia- Future Trends, viewed on 2 May 2011, http://www. nationsencyclopedia. com/economies/Asia-and-the-Pacific/Malaysia-FUTURE-TRENDS. html Forbes 2008- Crude Oil Prices 1861 – 2009, Forbes. com 2010, viewed on28 April 2011, http://www. forbes. com/2008/05/13/oil-prices-1861-today-real-vs-nominal_flash2. html Giles, R & Capel, J 1994, Finance and accounting, 3rd Edition, MacMillan, London Harbour-Link Group Berhad 2011, harbour. com. my; Total Logistics &EPCC Provider N. V 2009&2010, Harbour-Link Group Berhad, viewed on 22 April 2011, http://www. harbour. om. my/ Karen D. Halpern, 2004, Understanding Finance: Money, Capital and investments, Pearson, New Jersey. Maritime Institute of Malaysia, Malaysia and Port Competitiveness, 2005 Mc Taggart et al, 2007, Macroeconomics, 5th Edition, Pearson, Australia The Edge Financial Daily, 11 April 2011 v iewed on 24 April 2011. http://www. theedgemalaysia. com/ The Star Online 2011- Market watch, Star Publications (M) Berhad, viewed on 24 April 2011, http://biz. thestar. com. my/marketwatch/charts/l. asp? code=2062~HARBOUR&p1=0. 99&p2=0. 985&p3=0. 99&p4=0. 985&p5=0. 99&p6=0&p7=0. 00&p8=915&p9=0. 532

buy custom Cigarette Buyers Responsibilities essay

buy custom Cigarette Buyers Responsibilities essay In the past, adverts meant to market cigarettes were mounted all over the streets and buyers of the product increased in large numbers following the marketing strategy. Today, people have become increasingly aware of the dangers of cigarette smoking such as lung cancer, heart attacks and emphysema. In many states, smoking is now banned in almost all public places and cigarette companies no longer openly advertise their products on TV, radio and newsprints or magazines (Buhrandt, 2011). Governments have taken strict measures in limiting cigarette advertisements through mass media by ensuring that the products contain well displayed warnings on the packages. A number of health organizations have been able to carry out comprehensive campaigns which have increased public awareness about the dangerous effects of tobacco smoking (Atik, 2011). This paper argues on the prompt that increasing public awareness about the harmful effects of cigarette smoking can make the buyers more responsible consumers. Pros of Anti-smoking Campaign Efforts Improves the quality of lives There are many potential benefits of increasing public awareness about consumer issues regarding tobacco smoking. For instance, increasing awareness of the dangers of smoking among tobacco smokers helps in improving the quality of their lives as they will be able to make informed decisions thus making them to be responsible buyers. Campaigns to increase awareness about the harmful effects of compounds found in tobacco are meant to reduce deaths caused by diseases such as lung cancers. Taking into account the medical care costs and the rising expenditures on the social security funds, proper tobacco control policies are important and should be enhanced. Reducing smoking in the young population improves the workforce of a population by decreasing tobacco related illness (Atik, 2011). Reduced smoking helps individual save expenses from buying cigarettes and instead perchance other goods and services that will also help in improving the health of individuals and boosting the economies of states (Sherwood, 2011). However, researchers have shown that even if stronger anti-smoking efforts are made by governments to completely curb smoking habits, this will have minimal effects on large sectors of the economy including the retail and hospitality industries, nonprofit organizations, and state governments, and on medical care expenditures and Social security (Bearman, 2011, p.407). While this claim has been contradicts efforts made by policy makers to reduce cigarette smoking, more research has to be done to justify the assertion. Improved Economies Critics such as Peter Bearman totally agree that strategies meant to reduce tobacco smoking will lead to improved economies. According to Bearman, tobacco accounts for a small share of the retail sales, taxes paid and donations given as compared to the drop of costs related to illness resulting from usage of tobacco (Bearman, 2011, p.407). In the 1990s, the government and federal attitudes shifted tremendously on the issues of tobacco. Today, there has been recognition that the addiction to nicotine has increaed due to the intentional manipulation of the levels of nicotine in tobacco plant meant to keep more and more people get hooked (tobacco.neu.edu, n.d). Genetically modifying tobacco plant so as to contain increased levels of nicotine makes more individuals to easily get hooked to smoking which in turn leads to improved sales of cigarettes. What used to be a freely chosen behavior has now become a place that the government has to invest much time and put in place strict measures to control the industry. Over time, the government has incurred high economic costs in its financial programs in covering expenses due to increased disease burden due to cigarette smoking. The increased cases of smoking-related illnesses have led to state governments to revise its previous assumptions about the economic benefits of tobacco industry beyond the income gains (Schneider, 2011, p.243). It is critical for state governments to take cost-benefit analysis on cigarette industry before making policies which will impact the health and economies of smokers. Reduced Cost of Medical Care and General Living Expenses Smoke free environments have been found to offer economic benefits in terms of reducing costs which could be used in covering direct medical and insurance charges. Insurance cost relating to smoking effects includes health, fire and accident and life insurance. Smoke free environment ensures an increased productivity among those who quit smoking and among the non-smoker as they are less likely to be exposed to secondary smoking, this saves employees time as there is reduced chances of absenteeism. There are reduced hiring costs in enterprises and most industries as less labor is lost to tobacco related illness (WHO, 2011.p.11). Fires being started due to careless disposal of cigarettes are minimized hence reducing the chances of losing land and property to fires. In Scotland, the government is able to save up to 0.515% to 0.77% of the GDP. In the U.S, Occupation Health and Safety approximates an increase of up to 3% in productivity as a result of clean environment that is free from N arcotics (WHO, 2011.p.12). Cigarette smoking has a high economic cost for the society. The healthcare system is the most affected in terms of the costs incurred by the government in treating diseases caused by smoking which are quite costly. The U.S uses up to $76 billion per year and the U.K uses up to $2.25 billion in medicare only. Smoking has also other costs such as occupying fertile agricultural land that could instead be used to grow food for people who currently do not have enough (Mason, 2009, p.39). Careless smoking has been top in the list as one of the causes of fires which incredibly lead to damaged buildings and landscapes worldwide. Thrown away cigarettes are known to be the start of most vast fires which claims a number of lives and destruction of property worth billions of dollars. Cigarette butts contribute greatly to sand beach pollution along the coast. The butts take over ten years to rot and end up in water destroying wildlife and make swimming unpleasant (Maso n, 2009, p.39). Therefore, increasing consumer awareness about the dangers of tobacco smoking will build more responsible buyers as they will understand the costs of their consumptions. Cons of Anti-smoking Efforts Prevention of Some Illnesses and General Health Benefits The issue on cigarettes smoking has been on the headlines for many years. Since cigarette smoking is considered to cause cancer alongside a host of many other diseases, smoking has greatly been prohibited in public places. However, the smokers have always clung to their tobacco smoking habits as usual. This poses a big question as to whether smoking is really bad and if there exists benefits of smoking despite the well-known allegations of its negative effects on peoples health (Stacey Behrman, 2008.p.106). Die hard cigarette smokers claim many benefits to smoking such as peer group acceptance to smoking groups, effective weight loss aid, and increased task performance as concentration is enhanced. Smoking is believed to bring relief as well as the enjoyment from its taste which smokers get during smoking (Diaz, 2008). Another benefit of cigarette smoking which has been argued out is that tobacco may improve an individuals information processing due to the presence of nicotine. At t he same time, there are claims that smoking helps the body resists various diseases such having protective effect for Parkinsons disease. Tobacco assists in preventing atopic disorders as children whose parents have a history of smoking have lower odds for suffering from allergic rhino conjunctivitis, allergic asthma and atopic eczema (Rauscher, 2007). It is not easy to find anywhere in the media information about positive effects of cigarette smoking as most authorities have dedicated all their resources in eradicating smoking from the society overlooking the possibilities that there may be some advantages being left out. However, despite the reality that cigarette smoking is dangerous to an individuals health, scientific evidence presented by Sherman (2011) argues that carbon monoxide which is a byproduct of tobacco may help heart attack and stroke victims. Carbon monoxide inhibits blood clotting hence dissolving harmful clots in the arteries (Sherman, 2011). Despite these scienti fic claims that are yet to be proved in the long run, cigarette smoking poses many health risks to the smokers that cannot be subsidized by the few unsupported claims that there exists benefits in cigarette smoking. The primary effects of smoking are the health complications that come with the behavior. Economic costs brought to the society by cigarette smoking are burdensome to any economy. Most of the benefits perceived are based on the assumption from the gross benefits and not net value of the income to the economy. Considering the number of billions that goes to medicare as a result of smoking cigarettes, it is then better to embrace the strict policies being put in place by governments and other organizations to help eradicate smoking. Despite the industry having slight effect on the economy when considering the number of people employed, the aftermaths of smoking need to be considered and strict policies be introduced aimed at making tobacco consumers more aware of the dangers of smoking. This is when a government takes into account the wellbeing of its people and the importance of having a healthy population. Buy custom Cigarette Buyers Responsibilities essay

122 Tone Words to Set the Mood in Your Story

122 Tone Words to Set the Mood in Your Story SAT / ACT Prep Online Guides and Tips In writing, an author’s tone is his or her general attitude or feelings about the work’s subject matter and audience. Tone words are used to help express that attitude. In this article, we’ll talk about what tone words are, analyze their use in several examples, and give a list of tone words with definitions that you can use in your writing. What Are Tone Words? Authors convey tone through diction (word choice), viewpoint, and syntax. Tone words are specific words that help express an author’s attitude about the subject matter. Words typically have a positive, negative, or neutral connotation. Tone words help authors show whether they feel positively, negatively, or neutrally about what they’re writing about. Here are some examples of tone words in action: The proposal is so absurd that it can’t possibly be taken seriously. The tone word â€Å"absurd† indicates that the writer finds the proposal ridiculous or silly. The politician’s speech was eloquent. The tone word â€Å"eloquent† has a positive connotation, which indicates that the author found the speech articulate and persuasive. Tonevs Voice Many writers confuse tone and voice or use the two terms interchangeably. In fact, they’re very different. As we’ve already discussed, tone indicates an author or character’s attitude towards a certain topic or situation. In nonfiction, tone words indicate what the author thinks. In fiction, tone words can help to set the mood, showing whether a particular situation or interaction is tense, happy, sad, etc. Voice, on the other hand, refers to the overall personality of a work. An author’s voice may be sarcastic, informative, friendly, or something else entirely. You can remember the difference this way: tone changes all the time. Voice refers to the character that a piece has throughout. Tone can change from sentence to sentence, while voice stays consistent. Here’s an example: In a young adult novel, the author has a casual voice. She doesn’t use a particularly complex vocabulary and her writing is very approachable. Within the story, the character experiences conflict and triumph. In the scenes where there is conflict, the tone words indicate tension. In the scenes where there is triumph, tone words indicate joy. The author’s overall type of word choice and approach to writing will remain the same throughout the work, but the specific words she uses will change as she describes different situations. Put another way: voice is how readers recognize you, the author, in your work. Voice is personal to each author and lasts throughout a piece. Tone words, on the other hand, indicate the author's (or character's) reactions to or opinions of events that are happening. As different events happen, the tone shifts. How to Find the Right Tone for Your Work To find the right tone for your work, you need to consider your audience and message. Start by asking yourself these three questions: Who am I writing this piece for? What am I trying to tell my reader? How do I want my reader to feel? Your audience will dictate the types of words you choose. If you’re writing for an academic audience, you may use more complicated language than if you’re writing for kids. You also want to consider what you're telling your reader. Do you want them to walk away with a positive or negative opinion of what you're presenting? How do you want them to feel about the information you're giving? These questions will help you decide what words to use in your work. Tone Word Example Analysis Let’s take a look at two examples of tone words in classic literature. A Clean, Well-Lighted Place by Ernest Hemingway â€Å"It was very late and everyone had left the cafe except an old man who sat in the shadow the leaves of the tree made against the electric light. In the day time the street was dusty, but at night the dew settled the dust and the old man liked to sit late because he was deaf and now at night it was quiet and he felt the difference.† This excerpt demonstrates a calm, peaceful tone. Words like â€Å"settled† and â€Å"quiet† indicate the old man is relaxed and feeling safe. The Tell-Tale Heart by Edgar Allen Poe â€Å"I gasped for breath, and yet the officers heard it not. I talked more quickly, more vehemently but the noise steadily increased. I arose and argued about trifles, in a high key and with violent gesticulations; but the noise steadily increased. Why WOULD they not be gone? I paced the floor to and fro with heavy strides, as if excited to fury by the observations of the men, but the noise steadily increased. O God! What COULD I do? I foamed I raved I swore!† This passage from The Tell-Tale Heart indicates a nervous, anxious tone. The phrases â€Å"violent gesticulations† and â€Å"heavy strides† display the rising action and contribute to the feeling of intensity. The Ultimate List of Tone Words These tone words will help establish the tone in your work. Tone Word Meaning Abashed ashamed or embarrassed; also, disconcerted Absurd ridiculous; silly. Accusatory a tone of accusation; to accuse of a crime or offense Admonishing cautioning, reproving or scolding; especially in a mild and good-willed manner; reminding. Adoring to regard with esteem, love, and respect; honor Amused pleasurably entertained, occupied, or diverted. Apathetic having or showing little or no emotion; indifferent or unresponsive. Benevolent characterized by or expressing goodwill or kindly feelings. Bewildered completely puzzled or confused; perplexed. Biting sarcastic, having a biting or sarcastic tone. Bitter characterized by intense antagonism or hostility. Blunt abrupt in manner; obtuse. Bold not hesitating or fearful in the face of danger or rebuff; courageous and daring. Brusque abrupt in manner; blunt; rough. Calm free from excitement or passion; tranquil. Candid frank; outspoken Cheery in good spirits. Churlish critical or harsh in a mean-spirited way. Comic funny; humorous. Commanding imposing; having an air of superiority. Conceited having an excessively favorable opinion of one’s self or abilities. Contentious argumentative, quarrelsome. Curt rudely brief in speech or abrupt Desperate having an urgent need, desire. Detached impartial or objective; disinterested; unbiased/ not concerned; aloof. Diabolic devilish; fiendish; outrageously wicked. Disbelieving to have no belief in; refuse or reject belief in. Disdainful expressing contempt or disdain. Disgusted to excite nausea or loathing in. To offend the taste or moral sense of. Disrespectful showing a lack of respect; rude and discourteous. Disturbed marked by symptoms of mental illness. Doubtful uncertain outcome or result. Dramatic of or pertaining to drama; excessively confrontational. Dreary causing sadness or gloom. Earnest serious in intention or sincerely zealous. Ebullient overflowing with enthusiasm, or excitement; high-spirited. Ecstatic in a state of ecstasy; rapturous. Effusive unreserved or unduly demonstrative. Egotistical vain; boastful; indifferent to the well-being of others; selfish. Elated very happy or proud; jubilant; in high spirits. Embarrassed to feel self-conscious or ill at ease. Enraged to make extremely angry; put into a rage; infuriate. Enthusiastic excited; energetic Evasive ambiguous; cryptic; unclear Excited emotionally aroused; stirred Facetious inappropriate; flippant Flippant superficial; glib; shallow; thoughtless; frivolous Forceful powerful; energetic; confident; assertive Formal respectful; stilted; factual; following accepted styles/rules Frank honest; direct; plain; matter-of-fact Frustrated annoyed; discouraged Gentle kind; considerate; mild; soft Ghoulish delighting in the revolting or the loathsome Grim serious; gloomy; depressing; lacking humour;macabre Gullible naà ¯ve; innocent; ignorant Hard unfeeling; hard-hearted; unyielding Humble deferential; modest Humorous amusing; entertaining; playful Hypercritical unreasonably critical; hair splitting; nitpicking Impartial unbiased; neutral; objective Impassioned filled with emotion; ardent Imploring pleading; begging Impressionable trusting; child-like Inane silly; foolish; stupid; nonsensical Incensed enraged Incredulous disbelieving; unconvinced; questioning; suspicious Indignant annoyed; angry; dissatisfied Informative instructive; factual; educational Inspirational encouraging; reassuring Intense earnest; passionate; concentrated; deeply felt Intimate familiar; informal; confidential; confessional Ironic the opposite of what is meant Irreverent lacking respect for things that are generally taken seriously Jaded bored; having had too much of the same thing; lack enthusiasm Joyful positive; optimistic; cheerful; elated Judgmental critical; finding fault; disparaging Light-Hearted carefree; relaxed; chatty; humorous Loving affectionate; showing intense, deep concern Macabre gruesome; horrifying; frightening Malicious desiring to harm others or to see others suffer; ill-willed; spiteful Mean-Spirited inconsiderate; unsympathetic Mocking scornful; ridiculing; making fun of someone Mourning grieving; lamenting; woeful Naà ¯ve innocent; unsophisticated; immature Narcissistic self-admiring; selfish; boastful; self-pitying Nasty unpleasant; unkind; disagreeable; abusive Negative unhappy, pessimistic Nostalgic thinking about the past; wishing for something from the past Objective without prejudice; without discrimination; fair; based on fact Optimistic hopeful; cheerful Outraged angered and resentful; furious; extremely angered Outspoken frank; candid; spoken without reserve Pathetic expressing pity, sympathy, tenderness Patronizing condescending; scornful; pompous Pensive reflective; introspective; philosophical; contemplative Persuasive convincing; eloquent; influential; plausible Pessimistic seeing the negative side of things Philosophical theoretical; analytical; rational; logical Playful full of fun and good spirits; humorous; jesting Pragmatic realistic; sensible Pretentious affected; artificial; grandiose; rhetorical; flashy Regretful apologetic; remorseful Resentful aggrieved; offended; displeased; bitter Resigned accepting; unhappy Restrained controlled; quiet; unemotional Reverent showing deep respect and esteem Righteous morally right and just; guiltless; pious; god-fearing Scathing critical; stinging; unsparing; harsh Scornful expressing contempt or derision; scathing; dismissive Sentimental thinking about feelings, especially when remembering the past Sincere honest; truthful; earnest Solemn not funny; in earnest; serious Thoughtful reflective; serious; absorbed Tolerant open-minded; charitable; patient; sympathetic; lenient Tragic disastrous; calamitous Unassuming modest; self-effacing; restrained Uneasy worried; uncomfortable; edgy; nervous Virtuous lawful; righteous; moral; upstanding Whimsical quaint; playful; mischievous; offbeat Witty clever; quick-witted; entertaining Wonder awe-struck; admiring; fascinating Worried anxious; stressed; fearful Tone Words: Final Thoughts Tone words help you convey your attitude towards a subject. Tone can change throughout your work as you talk about different topics. There are thousands of tone words you can use to express your attitude in your work. What’s Next? Reading The Great Gatsby for class or even just for fun?Then you'll definitely want to check out our expert guides on the biggest themes in this classic book, from love and relationships to money and materialism. Got questions about Arthur Miller'sThe Crucible? Readour in-depth articles to learn about the most important themes in this playand to geta complete rundown of all the characters. For more information on your favorite works of literature, take a look at our collection of high-quality book guides! Have friends who also need help with test prep? Share this article! Tweet Hayley Milliman About the Author Hayley Milliman is a former teacher turned writer who blogs about education, history, and technology. 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Kellogg Briand Pact and the Ethiopian Invasion of Italy Research Paper

Kellogg Briand Pact and the Ethiopian Invasion of Italy - Research Paper Example The pact was proposed in 1927 by Aristide Briand the then foreign minister of France. Briand proposed to the government of the US the establishment of a treaty prohibition war between the two nations (Special Cable 1935, 1). The US Secretary of State Franc Kellogg agreed to Briand’s proposal and proposed that the pact encompasses other nations in the deterrence of war among nations. After intense negotiations, the Kellogg-Briand pact encompassed 15 nations including among others Italy, New Zealand, Britain, the US, Germany and South Africa. Parties that accepted the contract agreed that, despite the origin and nature of conflicts among the contracting parties, neither party would use war as a medium of national policy. While up to 62 states eventually ratified the pact, the effectiveness of the Kellogg-Briand was eventually impaired by its inability to provide guidelines of enforcement. In addition, many nations gave the pact a rather unenthusiastic reception because most stat es recognized war as the sole solution to conflict resolution. It is essential to, however, note that while the Kellogg-Briand pact did not advocate resolution to war, the pact acknowledged the right of states to defend their integrity when under attack. The ineffectiveness of the Kellogg-Briand pact is also apparent because no nation or entity was given the authority to ensure all parties abide by the provisions of the pact. Apparently, the pact did not make any substantive contributions to ensuring international order in most cases. However, in 1929, the pact was invoked rather successfully when the USSR and China arrived at a tense moment regarding possession of the Chinese Eastern RR located in Manchuria (George 1969, 308). However, the Kellogg-Briand pact proved to carrying no significant weight, especially because of the practice of engaging in undeclared wars during the 1930s. Such undeclared wars include the 1931 invasion of Manchuria by the Japanese, German’s 1938 oc cupancy of Austria and Italy’s invasion of Ethiopia in 1935. This section of the paper will examine Italy’s invasion of Ethiopia in the year 1935, and discuss the effects of the Kellogg-Briand pact, if any. The war between Italy and Ethiopia, or the Second Italo-Abyssinian War as it is often referred occurred in 1935 between Fascist Italy and the Empire of Ethiopia. The war between the two nations is notable because of Italy’s use of underhanded strategies against Ethiopia (Mark 2001, 239). For instance, Italy’s illegal utilization of mustard gas clearly contravened the Kellogg-Briand pact. Italy, being a signatory of the pact had contravened the essence of the pact by engaging in undeclared and unwarranted warfare against Ethiopia because of Italy’s desire to annex Ethiopia, which was still uncolonized at the time. Perhaps the reason why Italy sought to annex Ethiopia was its inability to do so in the 19th century. When Italy acquired nations such as Eritrea and Somaliland, it was unable to annex Ethiopia. Italy’s invasion of Ethiopia exposed the inherent limitations of the League of Nations because the league was unable to protect Ethiopia or control Italy. This was despite the fact that both nations were its members and Italy was a