Litigation Term Paper Example | Topics and Well Written Essays - 750 words

Litigation - Term Paper Example Litigation is term used to refer to the process of filing, defending and standing in favor or against a particular case of law (Cheeseman 35). Before litigation is conducted, the case of the conflict experiences several processes including initial pleadings, judgments that take place before the trial, dismissal of the case and settlement of the case. Due to so many phases involved in the litigation process, organizations as well as individuals have to spend lump sum of finances and ample amount of time is wasted in solving the conflict. These proceedings even negatively impact the image of the parties involved in may cause disturbances in day to day running of the business. Due to these heavy risks associated with judicial proceedings, organizations tend to select alternative methods of solving disputes such as bargaining, arbitration as well as mediation (Cheeseman 43). There are several differences between the process of conflict resolution through judicial proceedings and ADR. In judicial proceedings, third parties are involved such as the jury to decide whether or not an individual is guilty and worthy of punishment. In case of certain methods of ADR, a third party is rarely involved and in certain methods third party involvement even takes place and the third party is a neutral representative and the party can only participate in facilitation of negotiation. For example in the case of Arbitration, a neutral third party gets involved and is regarded as the arbitrator and is selected by parties involved in the dispute and has the responsibility of listening to the case of both the parties and the decision taken by the arbitrator decides the outcome of the case. When the conciliation dispute settlement method is used, the parties involved do not negotiate with each other in a face to face manner. Due to this a conciliator who is mostly neutral in nature is used and he acts as the negotiator from both ends. If dispute resolution is conducted with the assistanc e of a judicial procedure, heavy amount of time and money of the parties involved is invested. Before a case reaches the court, it has through go through several stages and due to this, a case may end up conceding months and in some extreme cases it may even consume years. Alternative dispute resolution systems are much quick as compared to the judicial procedure. Secondly, in case of judicial proceedings, parties have to obtain assistance from attorney and attorneys charge heavy fees to fight a case and the more time a case takes, the higher is the amount of accumulated fees of the attorney. In case of ADR, the methods used are quite cheap as the parties can contest against each other or negotiate with each other on their own. The fourth difference between the two procedure is the difference in setting, while court proceedings are conducted in a courtroom which can become quite intimidating for the parties involved, the methods used in ADR mostly take place in one of the party†™s offices or some conference hall or room. In the case of traditional litigation system, any one of the parties involved can file a law suit and the other party may have to fight against him even if the claims made by one of the parties are not true at all (Lundmark 126). No method of ADR can be used until both the parties are not ready to solve the dispute and negotiate with ea

Bordeaux Wine Region Essay Example for Free

Bordeaux Wine Region Essay Romans †¢ In the mid-1st century, they introduced wine to the Bordeaux Region to provide wine for local consumption, and wine production has been continuous in the region since then. †¢ the popularity of Bordeaux wines in England increased dramatically following the marriage of Henry Plantagenet and Eleanor of Aquitaine. The marriage made the province of Aquitaine English territory, and thenceforth the majority of Bordeaux was exported. †¢ Grave; Clairet †¢ Dutch traders drained the swampy ground of the Medoc in order that it could be planted with vines, and this gradually surpassed Graves as the most prestigious region of Bordeaux. Malbec was dominant grape here, until the early 19th century, when it was replaced by Cabernet Sauvignon. 12th century 17th century 1855 †¢ the chateaux of Bordeaux were classified; this classification remains widely used today. 18751892 †¢ almost all Bordeaux vineyards were ruined by Phylloxera infestations. The regions wine industry was rescued by grafting native vines on to pest-resistant American rootstock and all Bordeaux vines that survive to this day are a product of this action. This is not to say that all contemporary Bordeaux wines are truly American wines, as rootstock does not affect the production of grapes. 1936 †¢ the government responded to the appeals from the winemakers and stated that all regions in France had to name their wines by the place in which they had been produced. Labeled with the AOC approved stamp, products were officially confirmed to be from the region that it stated. Terminologies †¢ The Bordeaux Wine Official Classification of 1855 resulted from the 1855 Exposition Universelle de Paris, when Emperor Napoleon III requested a classification system for Frances best Bordeaux wines which were to be on display for visitors from around the world. Brokers from the wine industry ranked the wines according to a chateaus reputation and trading price, which at that time was directly related to quality. †¢ Cremant are produced using the traditional method, and have to fulfill strict production criteria. †¢ Grafting – or graftage, is a horticultural technique whereby tissues from one plant are inserted into those of another so that the two sets of vascular tissues may join together. †¢ Rootstock – is a plant, and sometimes just the stump, which already has an established, healthy root system, used for grafting a cutting or budding from another plant. †¢ Phylloxera is a pest of commercial grapevines worldwide, originally native to eastern North America. These almost microscopic, pale yellow sapsucking insects, related to aphids, feed on the roots and leaves of grapevines (depending on the phylloxera genetic strain). It gradually cutting off the flow of nutrients and water to the vine. Bordeaux Wine †¢ The major reason for the success of winemaking in the Bordeaux region is the excellent environment for growing vines. The geological foundation of the region is limestone, leading to a soil structure that is heavy in calcium. †¢ These rivers define the main geographical subdivisions of the region: ? The right bank, situated on the right bank of Dordogne, in the northern parts of the region, around the city of Libourne. ? Entre-deux-mers, French for between two seas, the area between the rivers Dordogne and Garonne, in the centre of the region. ? The left bank, situated on the left bank of Garonne, in the west and south of the region, around the city of Bordeaux itself. The left bank is further subdivided into: o Graves, the area upstream of the city Bordeaux. o Medoc, the area downstream of the city Bordeaux, situated on a peninsula between Gironde and the Atlantic. Climate and geography Red Grapes †¢ MERLOT Early-ripening Merlot is the most widelyplanted grape variety in Bordeaux. It expresses its full potential on cool soils, producing smooth wines with a great deal of color, roasted aromas, and flavors reminiscent of red fruit (such as plums) and figs after ageing in bottle for several years. Red Grapes †¢ CABERNET SAUVIGNON Cabernet Sauvignon is a traditional late-ripening local variety. The gravely soil of the Left Bank provides the necessary warmth for optimum ripening. This grape variety contributes structure to the wines as well as hearty tannins and a flavor profile including liquorice, black fruit (such as blackcurrant), and elegant aromas of forest floor with age. Red Grapes †¢ CABERNET FRANC Cabernet Franc ripens earlier than Cabernet Sauvignon. It is an excellent complementary grape variety that rarely makes up the majority of the final blend. It adds freshness, finesse, and aromatic complexity as well as hints of raspberry and violet. White Grapes †¢ SAUVIGNON BLANC Sauvignon Blanc, except in rare instances, is the most important variety for dry white wines. It provides the wines with the necessary acidity as well as minerality, aromatic freshness, and varietal aromas, such as citrus, boxwood, and fig leaves. White Grapes †¢ SEMILLON Semillon is the main grape variety for semi-sweet and sweet white wines and is almost always a component of dry white wines as well. It contributes roundness, richness, and apricot and honey aromas. When affected by  «noble rot », it develops an inimitable bouquet. White Grapes †¢ MUSCADELLE Muscadelle, which plays a secondary role in the blend for both dry and sweet white wines (generally no more than 10%), is a fragile but very interesting variety with musky floral overtones. Viticulture †¢ Bordeaux is a relatively humid region. Thus it is a place rife with diseases and other problems that afflict vines, compared with many of the worlds other wine regions, such as dry Chile or Australia. †¢ In Bordeaux, the pruning of the vine happens almost always as cane-pruning (as opposed to spur-pruning). There are two types of cane-pruning: guyot simple and guyot double. †¢ The use of chemicals and fertilizers has dropped in the recent decades in Bordeaux. Instead, the *lutte raisonnee method is gaining ground. †¢ When harvest time approaches the Bordeaux wine producers start getting anxious. Unlike many other wine regions, weather in Bordeaux is relatively unstable and sudden changes in weather can delay a harvest, force a harvest in bad weather (diluting the wine) or severely damage the harvest. †¢ In Bordeaux, hand picking is now common among the more prestigious chateaux. But while hand-picking is foremost, some classified chateaux still harvest by machine. Viticulture Hand-Picking †¢ the delicate and selective process of harvesting by hand is still the best way to secure a maximum quality harvest. †¢ One problem with manual harvesting is the sheer size of vineyards in Bordeaux (not to mention the labor cost of hand-picking), with tens of thousands of hectares needing harvesting within a few weeks. Mechanical harvesting †¢ flexibility: it makes possible harvesting at night, which is preferable during hot weather. †¢ The flatter geography of Bordeaux also allows for mechanical harvesting, whereas the steep slopes of wine-producing areas such as *Cote-Rotie make machine harvesting nearly impossible. Winemaking †¢ In Bordeaux, almost all wines are blended. Only a few producers make single-variety or varietal wines, though the lack of naming grape varieties on labels masks the fact. The typical blend consists of Merlot and Cabernet Sauvignon (and/or Cabernet Franc), with small additions of Petit Verdot and Malbec. Wine classification. †¢ There are four different classifications of Bordeaux, covering different parts of the region: ? The Bordeaux Wine Official Classification of 1855, covering (with one exception) red wines of Medoc, and sweet wines of Sauternes-Barsac. ? The 1955 Official Classification of St. -Emilion, which is updated approximately once every ten years, and last in 2006. ? The 1959 Official Classification of Graves, initially classified in 1953 and revised in 1959. ? The Cru Bourgeois Classification, which began as an unofficial classification, but came to enjoy official status and was last updated in 2003. However, after various legal turns, the classification was annulled in 2007. As of 2007, plans exist to revive it as an unofficial classification. Wine styles †¢ The Bordeaux wine region is divided into subregions including Saint-Emilion, Pomerol, Medoc, and Graves. The 60 Bordeaux appellations and the wine styles they represent are usually categorized into six main families, four red based on the subregions and two white based on sweetness: ? Red Bordeaux and Red Bordeaux Superieur ? Red Cotes de Bordeaux ? Red Libourne, or Right Bank wines ? Red Graves and Medoc or Left Bank wines ? Dry white wines ? Sweet white wines †¢ The name of estate -(Image example: Chateau HautBatailley) †¢ The estates classification -(Image example: Grand Cru Classe en 1855) This can be in reference to the 1855 Bordeaux classification or one of the Cru Bourgeois. †¢ The appellation -(Image example: Pauillac) Appellation dorigine controlee laws dictate that all grapes must be harvested from a particular appellation in order for that appellation to appear on the label. The appellation is a key indicator of the type of wine in the bottle. With the image example, Pauillac wines are always red, and usually Cabernet Sauvignon is the dominant grape variety. †¢ Whether or not the wine is bottled at the chateau (Image example: Mis en Bouteille au Chateau) or assembled by a Negociant. †¢ The vintage -(Image example: 2000). †¢ Alcohol content (Image example: 13% vol) Wine label †¢ http://en. wikipedia. org/wiki/Bordeaux_wine Credits †¢ http://www. bordeaux. com/us †¢ http://www. bordeaux-fete-levin. com/uk/programme/index2012uk. html THANK YOU! ?

Elitism Theory Analysis

Elitism Theory Analysis Elitism is a political theory that rejects Marxs views of equality and suggests that there will always be a minority elite ruling the majority. The theory in principle suggests that the people are ruled by the most able and those who are capable of doing the best job and this sounds like a good theory as the country will fare better under people who are most capable of leading. However the issue with this is that the elite in control can use the state to control power and thus maintain power and not providing a true democracy. Elitism can be split into three forms; classical, democratic and modern elitism all of which have a slightly different take on the way the state works and how the minority can use the state to dominate the majority. Elitism is not believed by all and is challenged by two other theories, Marxism and Pluralism. Marxists believe that class position is derived from the persons relationship to the means of production, owners and workers, and not as elitists believe from a mix of economic political or ideological resources. Furthermore Pluralists believe that the state such a complex institution that it cannot be dominated by one group and hence power is shared between many government departments and institutions. The British state with the queen as the head of state, although this is a powerless position, is dominated by parliament who has the ability to create or dismantle laws without having to answer to the people until a general election. I believe that the contemporary British State is still quite elitist with the members of parliament and the cabinet being largely made up of those who have been public schooled and gone to the elite universities of Oxford or Cambridge. This view can even be shown by the recent MPs expenses scandal as the MPs cheated money out of the taxpayer showing how the elite minority thought they were above the majority. Therefore this essay seeks to show how the different elite theories relate to the contemporary Br itish state and how relevant they are today. Classical Elitism was defined by key political scientist Gaetano Mosca as In all societies two classes of people appear a class that rules and a class that is ruled the first class always the numerous performs all political functions, monopolises power and enjoys the advantages that power brings, whereas the second more numerous class is directed and controlled by the first[i]. This quote represents the belief that elite rule is inevitable due to the human race being blessed with different talents and those who are more talented will always rise to the top. The classical elitist theory is underpinned by the fact that the ruling elite is closed off from the ruled and its members are selected by virtue of the economic, political or ideological resources[ii]. This shows the reason why elitists reject Marxism, that eventually there will be a classless state, as elitists believe that there will always be the dominant and the dominated and that class will occur through all societies. Plura lism is also rejected by elitists as pluralists argue that there is a diffusion of power between many government institutions and departments whereas the elitists believe that power is dominated by the minority in control. Classical elitism in some ways does refer to the contemporary British state in so far as parliament is made up of the upper class and that many were public schooled and further educated in the elitist institutions of Oxford and Cambridge. Figure 1 shows the Educational Background of MPs and the cabinet from 1918 to 1955, this shows the large numbers especially on the conservative side who attended elite institutions compared to the Labour party who have a large number MPs and cabinet members from Elementary Schools. This shows that in the conservative party there is a sense of the elite are protected as they have the money to afford public schools which gives them an advantage and as such they are protected in their powerful positions in the state. This is further backed up as in the Thatcher government there were only two members of her cabinet not to have attended a fee paying school[iv]. Therefore it can be argued that the contemporary British state can be seen to be slightly elitist as those in power are protected due to their wealth and their education. Democratic elitism which is the form of elitism created by thinkers such as Max Weber and Joseph Schumpeter and is associated with critiques of Democracy, they still agree with classical elitism however, as Weber put it All ideas aiming at abolishing the dominance of men over men are illusory[v]. This quote gives clear indication that democratic elitist think that elitism is inevitable as long as there is Voluntary compliance, acceptance of commands as valid norms and a belief in the legitimacy of the form of domination[vi]. Similarly to classical elitists democratic elitists fundamentally disagree with Marxism as they reject the idea of equality and say that Government has become so large that it will need specialists to run and control it in order to work efficiently, thus elitism is inevitable. Therefore the argument is that power and decision making should be those most qualified and who have the relevant expertise to make the right choices. As far as this relates to the contempo rary British state it could be argued that Britain is relatively elitist as 37 out 51 prime ministers went to either Oxford or Cambridge suggesting that they are the most intelligent and thus the right people to be taking decisions on behalf of the country. However these institutions are very elitist and select on background and status thus meaning that elites are protected as they will always be the most educated hence why the population cannot decide on the elite but can only legitimise their decisions. However in the future under new plans laid out by Lord Mandleson students from a disadvantaged background would be given a reduced offer to university in Labours attempt to increase social mobility. The scheme would work in such a way that The plan could replicate the scheme at St Georges medical school, London, where the standard requirement for a place to study medicine is three As at A-level. Candidates can be given an offer of two Bs and a C if they outperform their school aver age by 60 per cent. This favours the brightest pupils in bad schools, which are often in the most deprived areas[vii]. This is an attempt by the Labour government to try and make the state in the future less elitist as people from all over the country with different backgrounds will be qualified and will be able to perform an active role in Government and in society in order to promote a more equal state. The final form of Elitism, which was put forward by Political Scientists such as Skocpol, C.Wright Mills and Walter Burnham is modern elitism. Modern Elitists still believe that democracy is limited and that elitism is inevitable, apart from modern elitists look at elitism at an international level through organisations such as the IMF and the United Nations which suggests a tie between politics and economics as shown by Mills whose work suggested a close relationship between economic elites and governmental elites: the corporate rich and the political directorate[viii]. This can show how elitism has become more globalised as national elites became dominated by international elites, thus following the recent economic pattern of globalisation and global shift and how the world has become more integrated creating another elite on the world stage. On a smaller scale the recent creation of the President of the EU is another international elitist position which is overpowering domestic go vernments. Therefore it can be argued that contemporary Britain does fit a modern elitist position as to locate the elite one must look more to the international level rather than the national level as Britain is a member of the EU and the United Nations. Another example of international elitism is the upcoming Copenhagen Climate Summit which will be dominated by several key players who have the most influence in both political and economic spheres mainly the USA and China. There is one part of Modern elitism however which does not fit with the contemporary British state and that is the belief that the state has power which can rival or even exceed economic power. I think that the pluralist view that big business has a privileged position in society is more fitting as shown by the recent bank bailouts showing that the government could not let large corporations such as Northern Rock go out of business, highlighting the important position large firms hold in the economy. This is espe cially so as often general elections are won depending on the economic performance for example of the economy is performing well the incumbent government is more than likely to stay in power whereas if the economy is suffering people are likely to vote for change. For example currently amid the International financial crisis there has been a large swing in the latest opinion polls regarding a general election towards the conservatives giving them a majority of 40[ix] showing how people vote for change in times of crisis such as the current financial crisis. Thus governments understand the importance of big business and will form legislation and policy in order to benefit large firms in order to lead to electoral success. Therefore although the contemporary British state does slightly fit the modern elitist perspective there are bits which suit a pluralist view more. Overall Elitist theory I think that Elitist relevant on an international scale and in some part on a domestic level. International organisations such as the IMF and the United Nations have a lot of power and often can overpower domestic governments especially in developing countries which shows that the elite class is becoming more global. I also think that elite theory is relevant on a domestic scale due to the large numbers of the elite in the ruling class of Britain. This is put forward by Guttsman who said There exists today in Britain a ruling class, if we mean by it a group which provides the majority of those who occupy positions of power and who in their turn can materially assist their sons to reach similar positions[x]. This fits the criteria of elitism as it suggests the people cannot choose the elite and the elite can protect their position by monopolising top education and the methods of production. This is also backed up by the numbers of Oxford and Cambridge graduates in government and thus in the ruling class, Over  ¾ of Cabinet ministers in 1983 were from Oxford and Cambridge[xi]. The numbers in government from elite institutions suggests that elitism is an inevitable cycle where the elite is replaced by their offspring who attend public schools and other elite educational institutions. Therefore government schemes such as the grade drop for students from deprived backgrounds could eventually stop the cycle of elite rule in the short run but in the long run these people will then become the elite and then the cycle will begin again this elite rule is inevitable. Thus leading to the theory that the people can only choose between groups of elites at elections for example between the only two parties with a realistic chance of winning a general election, Labour or the Conservatives as shown by Andrew Hayward One elite can only be removed by replacing it with another[xii].

Effects of Nontraditional Curriculum on its Students Essay -- Educatio

Effects of Nontraditional Curriculum on its Students To succeed in the current world, a person should have multifaceted knowledge. Therefore, to build that knowledge in students, many schools have an educational system that consists of nontraditional subjects. According to the people who implement this curriculum, it will produce a person who is well-adjusted to the current world. It also helps students to succeed not only in class but also in the real world. But the curriculum with nontraditional subjects has several effects. In her passage â€Å"An Army of one: Me† Jean Twenge discusses about self-esteem curriculum. Although the authorities who carry out these self-esteem programs promise that it will improve the future of the students, it is making the future of the student worse. In, â€Å"An Army of one: Me†, Twenge argues how schools conduct self-esteem programs and what kinds of effect do these programs have on children. Twenge says â€Å"Many school districts across the country have specific programs designed to increase children’s self-esteem, most of which actually build self-importance and narcissism† (765). In the same sentence, she starts to describe the self-esteem program in schools she makes an assumption that it is going in a way that is not intended. If we build a building without using the plan that we already drew, it will be a crooked building. In the same way, self-esteem curriculum is planned and designed to increase the self-esteem of the school children, but when it is implemented it made an outcome that is straightly opposed to the outcome that is intended. Twenge defines narcissism in this way â€Å"Narcissism is one of the few personality traits that psychologists agree is almost completely negative† (774). Thus, narciss... ...to a real world. Because the real world is not a bed of roses, we have to face failures at sometimes. But the self-esteem programs try to make students feel that there will be no failures, which is not true. If we cannot see planet Saturn with the naked eye, it does not mean that Saturn does not exist. Likewise, it does not mean that students will not fail anything because they went through a system that will not fail them. This self-esteem curriculum also conceals the failure of the students and promotes the students to the next level. But at some point it will be difficult for those students to follow up with others. Therefore, this self-esteem curriculum should be revised in a way that it improves the students’ future instead of diminishing it. If we choose and implement the program correctly it will undoubtedly make the younger generation’s future prosperous.

My Writing Career

In my life, I had different events that have affected my personality and way of viewing stuff. Each category of events can be arranged from oldest to recent and put in a timeline. The timeline is a way to view your history in one part of your life. Writing skills are one of the major events that can be perfect for a timeline. This is because writing starts with you from an early age and keeps improving. Hence, this essay will be laying out my history in writing. I was born in Abu Dhabi in December 28, 2000. Actually, this was my birth date, but my writer was born in my first academic years. Everyone has a writer inside him that starts small and weak then grows big and strong. In kindergarten, I first learned how to write the English alphabets. The idea was to trace the alphabets until we know how to draw them. In grade one, the English teacher used to give us handwriting workbook to practice writing and improve the looking of our words. These workbooks used written examples. Under these examples, we should trace these words, and under the tracing, there was two lines for copying the sentences. In addition, teachers taught us how to write our names in both Arabic and English. From grade 3 to 5, were introduced to the idea of spelling tests and dictation. The procedure was that the teacher gives us a list of words to practice on. Then on the test day, she/he examines us on these words. Sometimes it is a paragraph instead of independent words. At first, I got average marks, and then I improved a lot. I remember that when I got some words spelled wrong, I was punished to write that word tens of times. It was annoying at that stage but now I realized that it was so beneficial for me. It made me have less spelling mistake onward. In grade 5, I started the real writing. I started to write short paragraphs and connect them, in order to make a good essay. In grade 6, we learned how to write narrative essays and stories. I remember that I had nearly the same events when I wrote stories. It was all about going to a place with my family and not following my uncle's rules, which lead to problems and dangers for us. At the end of my story, I used to put somehow an advice to follow the rules and not be reckless. I started to write independent texts away from school starting from grade 7. At that year, I started to write my own diaries. I record what happened in my day and what experience I learned. The idea came to me when I was watching a cartoon and I saw that a character is writing diaries. He was looking after his diary always and take care of it. He influenced me to try that type of writing, but unfortunately, that did not last for a long time. In grades 8 and 9 we went in more serious types of writing. I learned how to write a persuasive essay for convincing people. I remember that one of the subjects to write about was why we should change the food in the school's canteen. Then in grade 11, we were taught how to analyze both novels and movies. We used to extract the theme and the timeline in addition to vocabulary analysis. In my final high school year, argumentative essay was our assigned type of writing. One topic we studied in this field was whether spending a lot of money in space researches is beneficial or not. Some people say yes and the other say no, because other people can actually benefit from this wasted money including poor families. Also in 2017, I started to write both formal and informal email messages. It was a new way of writing. The year next I was learning the way of writing essays for English proficiency tests. Now in the time being I am learning how to write a secondary research paper by using data from reliable sources. In conclusion, everyone has a writer inside him that he should improve and work on. As you read, my writer was born when I was in my early academic stage and still working on it now. My real start was in grade 4 to 7. Then I went to a stage that is more serious from grade 8 to freshman year of university. I will try my best to learn from other experts and improve until I get the mastery level.

ARTICLES OF CONFEDERATION vs THE CONSTITUTION essays

ARTICLES OF CONFEDERATION vs THE CONSTITUTION essays ARTICLES OF CONFEDERATION vs. THE CONSTITUTION There are major differences between the Articles of Confederation and the Constitution. The Articles of Confederation had been in effect sine 1781. They established what could be referred to as a "league of friendship" and a quasi-constitution for the states that were sovereign and independent subsequent to the American Revolution. Those articles appeared to be "woefully inadequate" to James Madison. Madison believed that the central government had little power, while the states had considerable power. The central government was not able to tax, or set commercial power, nor could a war effort be effectively supported. It did not have the power to settle disputes between the states. The central government was considerably weak in all aspects in light of the Articles of Confederation. Something had to be done about this before a great economic disaster occurred. Congress attempted to function with a treasury that had been drained. Inflation was at an all time high. Many people were in debt. In fact, quite a few of them were thrown into prison, while land was being confiscated and sold for taxes. James Madison felt that something had to be done quickly, and he opined that there should be a strong central government so that order and stability could be provided to the nation. The Constitutional Convention was the means to fashion the new government of America into Madison's mold. The Constitution would become a revision of the Articles of Confederation. When the delegates of the states met in Philadelphia, it was a momentous occasion. In fact, many were optimistic of the Constitutional Convention. What Madison had in mind was the production of a central government that would be powerful with state governments becoming subversive. Had I been alive in the year the Constitution was submitted to the states, I can honestly say that I would ha ...

Ways to Develop an Effective Rhetorical Analysis Essay

Ways to Develop an Effective Rhetorical Analysis Essay AP English is a popular discipline among students who love improving their language skills. Just as any other class, this course implies that students will face at least one project and midterm + final exams. Besides, this class involves a lot of research and writing. At the test, the students must be ready to handle 3 original types of academic papers. One of the essays is known as a rhetorical analysis essay. A good example of mind blogging you will challenge can be seen in Inception film. A stellar rhetorical evaluation essay is a real challenge, so it is better to learn all possible ways of writing it thanks to our effective tips. Know How to Define a Rhetorical Analysis First, you should know what a rhetorical analysis is before moving to the discussion of this type of paper. It is difficult to understand the assignment which sounds like â€Å"write about the writing.† However, through reading this article, you will learn how to write such essays. The main goal is to uncover the methods and persuasive approaches that the writer of the specific article is using to receive feedback. It is important to break apart the words, phrases, and sentences. A topic should be based on the original speech of the authorities. They can be politicians, scientists, actors, etc. All you have to do on your test is to evaluate the value of some example of such speech. You may discover how to write an original persuasive essay using these tips! Strategies for Getting Ready While mastering different techniques, do not forget that any examination sets certain time limits. Usually, you have just 50 minutes to write a complete rhetorical essay. You may think that it’s more than enough, but it's not. Mind that you need some time for creating a draft and revision. The author should prepare a schedule. Try to dedicate a sufficient amount of time to several activities that contribute to the process of writing a rhetorical analysis essay: Reading and comprehension Observation/Investigation Composition Multi-tasking Evaluation Most of your time should be invested in the original analysis of the given text. Begin taking notes of what you read from the very start. You may face a great amount of information to process. Try to choose only the most effective questions to answer: Explain who the author is, but do not include the whole biography. Define the reading audience. Identify the main goal of the example speech. Write about specific settings like time and location. Share your ideas why the author chose this setting. This way, a writer can find the most effective and easy strategies. It is important to understand the persuasive and debatable techniques applied by the author. In AP English course, it is critical to determine the impact of the chosen techniques and strategies on the ethos, pathos, and logos. The first component deals with ethics. In this part, a student has to present arguments that explain why the specific article is a credible one. Validate the words of the author with the help of certain examples and facts. After ethos, a pathos follows. It has to do with the reader’s emotions. How does the author manage to stimulate people to demonstrate an emotional reaction to the reading? Find out how the readers are responding to the writer’s or speaker’s statement. Finally, the logos stand for the ability to express logical/rational ability to think. Is the speaker successful with his attempts to persuade the audience? How does it treat him? An example of ethos: â€Å"The best chefs from China suggest that people apply this recipe when cooking sushi!† â€Å"I am a doctor with more than 15 years of experience so that I can heal your anorexia.† Pathos sample: â€Å"Jake knows how to cope with that assignment better than others as he has a talent for solving complicated math problems." â€Å"You will not find a good job if you don’t write a good resume today.† An example of logos: â€Å"The example of the resistance between Europeans and Indians prove that people with weapon possess the entire power.† â€Å"I have not noticed too much rain in California for 7 years so far.† Decide on your preferred tactic to compose an original and impressive rhetorical essay. Having the examples and all required information in front of you, practice writing this type of paper before the examination date. Search for the best way to use all three effective techniques to persuade the audience in free online examples of rhetorical analysis essays. Develop Your Essay’s Outline An evaluation essay demands a good outline just like any other academic paper. You should write an effective outline stating all basic points to win the highest score on your AP Examination. It is recommended that students include up to six paragraphs using one of the official writing styles. The order of the structure remains the same: introduction paragraph – body paragraphs – conclusion section. First Paragraph The introduction must be brief and clear enough to let the readers understand your topic. To begin with, prepare a summary of the main though of the analyzed author. It would be your original thesis statement. Do not copy-paste the words of your speaker. Even though, you may include an interesting citation from the speech. Mind your persuasive styles. Body Section These 3-4 paragraphs require most of your exam time. Make sure to develop an original question for each paragraph and present an effective answer to it. These would form your arguments. The paragraphs begin with such sentences. The following sentence of the rhetorical analysis paper must contain evidence to support these arguments. Each argument must be related to the thesis statement. Recall all the strategies you have chosen to cover ethos, pathos, and logos. A good evidence will be a direct in-text citation. It will prove that you have read the entire text carefully and you understand the topic. Here are the basic questions for you to consider when writing the body of your rhetorical essay: Are the chosen strategies effective? Share examples of how the selected techniques function. Explain why the speaker selected specific ways to interact with the target audience. Describe the way people react to the speech. Conclusion paragraph Wrap up the paper with the powerful outcomes. First, it is critical to add a rewritten thesis statement. Next, present information on how the piece influenced the readers or listeners. Make sure to unite all arguments into one whole picture. The last sentence of the last paragraph must include a general conclusion to reflect the significance of the given speech/written article and its role in the society. Some Effective Writing Recommendations These tips might help on the way to creating a meaningful analysis essay. Pay attention to grammar. It is important to re-read the entire essay once done to correct all English grammar, spelling, and punctuation mistakes. Make sure to use only pure, official English. Check the structure of your rhetorical analysis essay as well. Mind how you use different words. English vocabulary is another important part to consider as you should avoid terms that you do not understand. What about the coherency? Your analysis essay must be as smooth as possible. Use appropriate transition words to have your paper written in a good English. Apply present tense only. Also, avoid using the first-person. Following the guidelines, give a meaningful respond to the speech or article shared by the author. A rhetorical analysis essay is a real challenge on the way to a high test score. If you are assigned one to complete at home, there is no better solution than ordering the academic paper from the competent AP English writers. Being native speakers with the prestigious diplomas and rewards for long years of work in the educational field, we are ready to prepare the most effective analysis essay for all our customers!

An Overview of Facts About the U.S. Constitution

An Overview of Facts About the U.S. Constitution The U.S. Constitution was written at the Philadelphia Convention, also known as the Constitutional Convention, and signed on September 17, 1787. It was ratified in 1789. The document established our nations fundamental laws and government structures and ensured basic rights for American citizens.   Preamble The preamble to the Constitution alone is one of the most important pieces of writing in American history. It sets up the basic principles of our democracy, and introduces the concept of federalism. It reads:   We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. Quick Facts The nickname for the U.S. Constitution is Bundle of Compromises.The Chief Draftsmen of the U.S. Constitution is  James Madison and Gouverneur Morris.The ratification of the U.S. Constitution happened in 1789 with the agreement of 9 out of 13 states. Eventually, all 13 would ratify the US Constitution. Overall Structure of the U.S. Constitution There are seven articles followed by 27 amendments.  The first 10 amendments are known as the Bill of Rights.The U.S. Constitution is currently considered the shortest governing document of any nation.The U.S. Constitution was organized secretly, behind locked doors that were guarded by sentries. Key Principles Separation of Powers:  An act of vesting the legislative, executive, and judicial powers of government in separate bodies.Checks and Balances:  Counterbalancing influences by which an organization or system is regulated, typically those ensuring that political power is not concentrated in the hands of individuals or groups.Federalism:  Federalism is the sharing of power between national and state governments. In America, the states existed first and they had the challenge of creating a national government. Ways to Amend the U.S. Constitution Proposal by convention of states, ratification by state conventions (never used)Proposal by convention of states, ratification by state legislatures (never used)Proposal by Congress, ratification by state conventions (used once)Proposal by Congress, ratification by state legislatures (used all other times) Proposing and Ratifying Amendments To propose an amendment, two-thirds of both houses of Congress vote to propose and amendment. Another way is to have two-thirds  of the state legislatures ask Congress to call a national convention.To ratify an amendment, three-fourths of the state legislatures approve it. The second way is for three-fourths of ratifying conventions in states approve it. Interesting Constitutional Facts Only 12 of the 13 original states actually took part in writing the US Constitution.Rhode Island did not attend the Constitutional Convention, though they eventually were the last state to ratify the document in year 1790.Benjamin Franklin of Pennsylvania was the oldest delegate at the Constitutional Convention at the age of 81-years-old. Jonathon Dayton of New Jersey was the youngest in attendance at just 26-years-old.Over 11,000 amendments have been introduced in Congress. Only 27 have been ratified.  The Constitution contains several misspellings, including the misspelling of Pennsylvania as Pensylvania.

Financial Crisis of 2007 Essay Example | Topics and Well Written Essays - 1750 words

Financial Crisis of 2007 - Essay Example This led to domination of speculative activities in the economy. Speculators are only interested in short term gain from the economy. Thus the long term yield on assets is not properly ensured. In the process of globalization, the role of nation-state has been undermined by the economies. Due to the lack of fiscal intervention of governments for ensuring sustaining growth, global finance and de-regulation were adopted by the economy as an alternative paradigm and it led to the booms and bust in the global economy. A sound long term macro economic policy was not adopted by the countries and thus the financial and economic stability affected badly and the conditions of financial crisis emerged. 2) Explain the factors that caused the current financial crisis. Discuss the theoretical views of the following three theories below and explain which are more relevant towards the current financial crisis Financial market instability in the economy is the result of defaulted free market system and capitalism. It causes booms and bust conditions in the global economy. The defaults in the operations of banking and monetary system are another root cause of the crisis situation. The rising protectionism among various countries led to rejection of free trade and thus the export opportunities were greatly reduced. As a result of the decreased export opportunities in the economy national income also reduced greatly. It led to contraction of the GDP together with currency devaluation. (Global economic crisis- a different view 2009). Excess liquidity in the market: Unsound methods of debt financing adopted by major central banks generate excess liquidity in the market. Through their irresponsible actions in the economy, increased debt financing without proper guarantee for returns has highly increased. The resulted sudden cash flow in the economy created a more risky environment. Due to the financial recession the returns to financial institutions were restricted and thus bad debts rate highly increased. It affected their financial position badly. (Karam 2008). Stock market crash: Sub prime mortgage loan and excess credit creation led to speculative economic environment. Due to the baseless marketing actions, the stock market faced severe crash situation which affected the entire economy badly. When the speculative borrowings increased it forced the banks and other lenders to tighten credit. As a result the availability of money in the economy contracted, and even to companies that can afford, loan was restricted and thus the economy subsequently contracted. When analysing the nature of the banking systems in the countries, it revealed that the baseless lending actions of the banks are the root cause of the current crisis. Through the expansion of easy credit, boom and bust cycles created in the US economy. Due to the uncontrolled monetary policy adopted by central banks and endorsed by the political regulatory through application of mechanisms of fiat money and fractional reserve banking, there emerged uncertain economic boom and bust cycles. (The global financial/ economic crisis 2008). The financial crisis is started with the mortgage issue. The uncontrolled sub prime borrowings and subsequent depression in the value of the homes leads to

Fluride Varnish and how often general and pediatric dentist use them Essay

Fluride Varnish and how often general and pediatric dentist use them and how they feel about pediatricians applying them - Essay Example Health professionals, nevertheless, endorse prevention of oral diseases first to parents through proper oral hygiene for preventive purposes (Nowak, 2006). It has been noted among experts about the lack of information on what is the extent of damage on fluoride use to children (Moss, 2005). In fact, use of fluoride toothpaste is actually recommended during infanthood as soon as a substantial quantity of baby teeth have grown as part of the proper care for children's teeth, although it is also highly recommended that a pediatric dentist be sought for any necessary treatments such as the use of fluoride varnish (Jacobs, 2005). Starting in 1977 until 2003, the American Academy of Pediatric Dentistry or AAPD advocated the use of fluoride as "a safe and effective adjunct in reducing the risk of caries and reversing enamel demineralization," to the extent that AAPD encouraged public health officials, health care providers, parents and caregivers to "optimize fluoride exposure," (AAPD, 2003). Nevertheless, the "Policy on Use (cannot delete "Use" because it is the title of a policy!) of Fluoride" cautioned the use of topical fluoride-containing products to young children to prevent ingestion of excessive amounts of fluoride (Warren & Levy, 1999). Fluoride varnish is considered as one of the breakthrough innovations in dentistry. The simple coating of fluoride treatment can provide long-term dental relief. Accordingly, fluoride varnish has higher concentration of fluoride compared with other forms of dental enhancements. Fluoride varnish is less toxic and provides no harm to children. According to Autio (2000), fluoride varnish quickly adheres to teeth and it takes less time than other topical treatment to be released to the tooth surface nurturing the minerals in the teeth. Toxicity has been a major concern with fluoride treatment especially among children ages 6 and below. In previous studies, it has been proven that fluoride varnish has the lowest rate of fluoride in the blood plasma compared with other topical treatments making it a safer choice for children (Moss, 2005). The use of fluoride varnish has been commonly seen in Europe. Also, the commercialization of fluoride varnish has become a crucial component of its introduction to other locations such as the United States, and some parts of Asia. Most important, the efficacy of fluoride varnish has been widely recognized (Moss, 2005). Fluoride varnish is a liquid coating that is applied to the teeth using a brush. The liquid dries quickly minutes after the application. Fluoride varnish provides a protective coating of fluoride on teeth. According to studies (Moss 2005 and Autio, 2000). The fluoride is released over a period of months that strengthens teeth and prevents tooth decay. The fluoride varnish needs to be reapplied every 3-4 months to maintain its effectiveness. This tasteless liquid has been used in several dental clinics. It has also been proven to be effective in preventing tooth decay and other related dental problems (Autio, 2000 and Moss, 2005). Fluoride varnish is safe as approved by the American Dental Association (ADA). After the fluoride varnish is

Trends in Adventure Lodging For Housekeeping Department in Chateau Research Paper

Trends in Adventure Lodging For Housekeeping Department in Chateau Hotel - Research Paper Example To begin with, it is essential to note that Chateau hotel occurs in an exquisite ecological territory. The New Orleans area receives the aesthetics and ecological benefits of the Mississippi river. In addition, the hotel can exploit the historical narrative of Louisiana and New Orleans to its advantage. To begin with, a major trend in adventure lodging concerns with music. New Orleans is credited with its birth of Jazz. Jazz is a soulful and sensuous music that still attracts individuals with keen sensibilities. In this sense, Jazz can be incorporated as part of the ambience of rooms. In addition, the hotel can organize certain concerts that visitors attend in the evening. In this sense, the hotel enhances the appeal of raw occupation of rooms. Adventure lodging also entails adventurous wall decoration and interior design. Visitors are continually looking for exotic settings that are detached from the ordinary fast-paced life. In this sense, they crave to be virtually transported to earlier peaceful eras while still retaining the conveniences of modern age (Timothy & Teye, 2009). For instance, the use of antique-looking phones will add onto the old age appeal of the hotel. Louisiana’s history entails notable events such as its purchase, French colonization, and the growth of Jazz. It is, therefore, essential to decorate walls of rooms with artefacts that reflect key events and choreograph key people who contributed towards the history. In addition, the idea of unconventional room design may entail concepts such as exquisitely wooden beds and large windows. In addition, indoor costal adventure is huge attraction to visitors. This means that investment in pools should surpass the traditional convenience of swimming. Indoor pools should resemble real beaches such that customers attain the natural experience as much as possible. For instance, the hotel should incorporate trees and exceptionally

General Motors and United Auto Workers Union Case Study

General Motors and United Auto Workers Union - Case Study Example However, there is more to be done if GM is to avoid bankruptcy, or emerge from a reorganization process as a financially sound company. This paper will examine the options that the UAW, GM, and their management have, and make recommendations in regards to managing the hourly pay issues at GM. The UAW's hourly pay is broken down into three main categories and several sub-categories. As of December 2008, the total compensation was comprised of the hourly pay of $30 per hour, premium payments of $10 per hour, and current and future benefits of $33 (Sherk). Premium payments include overtime pay, shift premiums, and vacation and holiday pay. Benefits include health and life insurance, disability, unemployment benefits, and pension payments. The health and retirement benefits paid to retirees is considered a current compensation expense, and according to Sherk, "Since there are more retired than active employees this makes it appear that GM employees earn far more than they actually do". Reducing the hourly compensation to the $50 goal will require that GM and the UAW look at all these areas in an effort to find cost saving opportunities. A central key to saving labor costs is reducing the size of the workforce. Currently GM has established a 'buyout' program that compensates the employee with up $45,000 cash immediately (Bunkley 2). In return, the employee severs all ties with GM, and the cost of current and future benefits is reduced to zero. While the recent round of buyouts resulted in 7500 workers leaving GM, 14000 remain at GM who are eligible for the program. However, GM terminated the program in early April 2009 and has made no plans to reinstate or continue it. The money saved through the buyout program is critical because it saves in the short term as well as the long-term future benefits such as health insurance and retirement pensions. Two thirds of the eligible workers declined the arrangement, but GM could increase the incentive in an effort to increase that number. Further voluntary reductions in the workforce will allow GM to restructure its product lines in an environment of higher productivity with fewer employees. The fact that the workforce reductions are voluntary maintains good employee relations as well as Union/Management cooperation. A GM that is reduced in size will allow them to focus on the product lines that have the most potential for sales growth. GM has made some pro-active moves in this direction by announcing the closing of 13 plants, phasing out the Pontiac brand, and cutting 21,000 hourly jobs (GM to Phase Out Pontiac Brand). Ford, who has reduced hourly compensation to about $55 per hour has pursued a similar strategy and said that "the figure would continue to decline as more workers took buyouts and as the new-vehicle market recovered, allowing increased production" (Bunkley 2). An extension of the buyout program by GM, an added incentive for taking advantage of it, and the increased productivity would put GM on par with Ford at $55 per hour. Further reduction in the hourly pay could be accomplished by more closely limiting the

Hrm case study Essay Example | Topics and Well Written Essays - 1750 words

Hrm case study - Essay Example Conclusion 9 1.1 Purpose of Report The purpose of this report is to critically analyze the business operations of ‘High Street Heaven’ which is a high street retail store chain that has proved to be quite successful. Owing to the global economic scenario however, the retailer has been experiencing difficulties and facing problems in meeting its strategic goals. 1.2 Introduction The first part of the paper will discuss the problems being faced by High Street Heaven in meeting its strategic objectives, this discussion will be followed by recognizing the areas of strength for the retailer as well its opportunities. In conclusion, the report will put forward applicable plans of action and recommendations that are backed by extensive research and literature to suggest what the business can do in order to address its organizational issues. These recommendations and suggestions will specifically be in the context of how the Human Resources division of the business can contribut e in tackling the challenges being faced by the organization. 1.3 Strategic Objectives of the Business Before the problems and challenges being faced by High Street Heaven are identified it is important to establish the strategic objectives of the business, according to Bartol and Martin (2005) objectives and goals that are said to be strategic are extensive aims that are developed by the top management. Shrivastava (1987) suggests that the importance of these objectives is such that they include fundamental aspects related to the survival of even the most prolific businesses; therefore, the setting of strategic objectives is not only limited to small and medium enterprises but each and every organization, regardless of its size and scale of operations. From a market standing High Street Heaven seeks to focus on growth and expansion by stepping into the markets of 8 major cities in the United Kingdom by 2017. In analyzing the problems and challenges that the achievement of this stra tegic objective faces, it is imperative that the organizational and environmental factors of the retailer that are posing probable challenges should be analyzed. 2. Discussion of findings from SWOT and PESTLE analysis – Problems and Challenges A SWOT helps managers to understand the threats and weaknesses of a business along with its strengths and opportunities (Bartol and Martin, 2006). Anthony (2008) adds that another important tool in the overall assessment of the general environment is that of the PESTLE analysis, which focuses on political, economic, social, technological, legal and environmental factors that have a significant impact not only on the operations of a business but in the achievement of its strategic objectives. As this part of the report focuses mainly on the challenges being faced by the High Street Heaven, the threats and weaknesses of the organization would be assessed first along with an understanding of the shape of its general environment. 2.1 Proble m/Challenge A – The Global Economic Downturn From an external perspective, the business faces the global economic downturn which poses a grave threat to the prosperity of the retailer and its plans for expansion. Sloman (2005) reports that an economy in recession sees minimal growth or no growth and in turbulent scenarios the prevailing economic situation can even cause the overall output to diminish. This certainly is an alarming situation for the high street retailer owing to its primary

Organisational Behaviour Resit Assignment Essay

Organisational Behaviour Resit Assignment - Essay Example Managers as planners would be charged with the duty of establishing the organisation’s objectives and determining what needs to be achieved and setting the timelines. This calls for sensitivity to the environment of operation and appropriate decision making skills. While this function would be handled by top management in large corporate organisations, owners handle it in smaller firms. Discussion To explain this managerial function, Xerox Corporation provides an appropriate example. The history of this copier and printing equipment firm dates back to the 1930s with the first xerographic image being made in the US. The firm grew over years by merging with other similar firms with the 1960s marking the climax of its growth. Between 1960 and 1965, the corporation’s revenues grew from $37 million to $268 million (Dragolea & Cotirlea 2009). In the 1980s, the firm faced intense competition from its competitors from Japan and the US with its market share dropping from 86% to 17% between 1974 and 1984. This was largely attributed to the lack of strategic direction from the management. In order to return to profitability, the management sought to understand the operations of its rivals so as to adopt some of the best practices. The firm sought to implement competitive benchmarking after the study which was found to be ineffective because most of the copier companies in the market did not use most of those recommended operations. As such, through studying a supplier of outdoor clothing and sporting products, L. L. Bean, the firm implemented functional benchmarking. This saw the company spring back with customer satisfaction for Xerox’s printing copier systems rising by 39% and 38% respectively. Customer complaints were cut by over 60% with sales process recording 40% improvement. This success was a result of effectively planned turn-around strategy. Indeed, Xerox identified its weaknesses which made it uncompetitive in the market shared with its US and Japanese rivals. Its market share had greatly dropped and it therefore sought to recapture its status as a market leader in copier business. With this vision in mind, the next task for the chief executive, David Kearns was to determine how to get to that position as suggested by scholars defining planning (DuBrin 2009; Sims 2002). The chief executive crafted a program referred to as Leadership Through Quality that would see the firm mine information on what makes its rivals more effective and how they would adopt some of the identified best practices. Data on the operations of Xerox’s rivals was collected through mining information from relevant databases, trade journals and magazines, use of questionnaires and engagement of consultants (Dragolea & Cotirlea 2009). This was followed by a well planned strategy to see the firm regain its quality leadership in the market. Analysis According to DuBrin (2009), planning could be said to be either strategic or operational. The au thor differentiates strategic planning as top level management engagement with the input of other members of an organisation from operational planning as one that relates to everyday operations of a unit or the whole organisation. The planning that saw

General Motors and United Auto Workers Union Case Study

General Motors and United Auto Workers Union - Case Study Example However, there is more to be done if GM is to avoid bankruptcy, or emerge from a reorganization process as a financially sound company. This paper will examine the options that the UAW, GM, and their management have, and make recommendations in regards to managing the hourly pay issues at GM. The UAW's hourly pay is broken down into three main categories and several sub-categories. As of December 2008, the total compensation was comprised of the hourly pay of $30 per hour, premium payments of $10 per hour, and current and future benefits of $33 (Sherk). Premium payments include overtime pay, shift premiums, and vacation and holiday pay. Benefits include health and life insurance, disability, unemployment benefits, and pension payments. The health and retirement benefits paid to retirees is considered a current compensation expense, and according to Sherk, "Since there are more retired than active employees this makes it appear that GM employees earn far more than they actually do". Reducing the hourly compensation to the $50 goal will require that GM and the UAW look at all these areas in an effort to find cost saving opportunities. A central key to saving labor costs is reducing the size of the workforce. Currently GM has established a 'buyout' program that compensates the employee with up $45,000 cash immediately (Bunkley 2). In return, the employee severs all ties with GM, and the cost of current and future benefits is reduced to zero. While the recent round of buyouts resulted in 7500 workers leaving GM, 14000 remain at GM who are eligible for the program. However, GM terminated the program in early April 2009 and has made no plans to reinstate or continue it. The money saved through the buyout program is critical because it saves in the short term as well as the long-term future benefits such as health insurance and retirement pensions. Two thirds of the eligible workers declined the arrangement, but GM could increase the incentive in an effort to increase that number. Further voluntary reductions in the workforce will allow GM to restructure its product lines in an environment of higher productivity with fewer employees. The fact that the workforce reductions are voluntary maintains good employee relations as well as Union/Management cooperation. A GM that is reduced in size will allow them to focus on the product lines that have the most potential for sales growth. GM has made some pro-active moves in this direction by announcing the closing of 13 plants, phasing out the Pontiac brand, and cutting 21,000 hourly jobs (GM to Phase Out Pontiac Brand). Ford, who has reduced hourly compensation to about $55 per hour has pursued a similar strategy and said that "the figure would continue to decline as more workers took buyouts and as the new-vehicle market recovered, allowing increased production" (Bunkley 2). An extension of the buyout program by GM, an added incentive for taking advantage of it, and the increased productivity would put GM on par with Ford at $55 per hour. Further reduction in the hourly pay could be accomplished by more closely limiting the

Organisational Behaviour Resit Assignment Essay

Organisational Behaviour Resit Assignment - Essay Example Managers as planners would be charged with the duty of establishing the organisation’s objectives and determining what needs to be achieved and setting the timelines. This calls for sensitivity to the environment of operation and appropriate decision making skills. While this function would be handled by top management in large corporate organisations, owners handle it in smaller firms. Discussion To explain this managerial function, Xerox Corporation provides an appropriate example. The history of this copier and printing equipment firm dates back to the 1930s with the first xerographic image being made in the US. The firm grew over years by merging with other similar firms with the 1960s marking the climax of its growth. Between 1960 and 1965, the corporation’s revenues grew from $37 million to $268 million (Dragolea & Cotirlea 2009). In the 1980s, the firm faced intense competition from its competitors from Japan and the US with its market share dropping from 86% to 17% between 1974 and 1984. This was largely attributed to the lack of strategic direction from the management. In order to return to profitability, the management sought to understand the operations of its rivals so as to adopt some of the best practices. The firm sought to implement competitive benchmarking after the study which was found to be ineffective because most of the copier companies in the market did not use most of those recommended operations. As such, through studying a supplier of outdoor clothing and sporting products, L. L. Bean, the firm implemented functional benchmarking. This saw the company spring back with customer satisfaction for Xerox’s printing copier systems rising by 39% and 38% respectively. Customer complaints were cut by over 60% with sales process recording 40% improvement. This success was a result of effectively planned turn-around strategy. Indeed, Xerox identified its weaknesses which made it uncompetitive in the market shared with its US and Japanese rivals. Its market share had greatly dropped and it therefore sought to recapture its status as a market leader in copier business. With this vision in mind, the next task for the chief executive, David Kearns was to determine how to get to that position as suggested by scholars defining planning (DuBrin 2009; Sims 2002). The chief executive crafted a program referred to as Leadership Through Quality that would see the firm mine information on what makes its rivals more effective and how they would adopt some of the identified best practices. Data on the operations of Xerox’s rivals was collected through mining information from relevant databases, trade journals and magazines, use of questionnaires and engagement of consultants (Dragolea & Cotirlea 2009). This was followed by a well planned strategy to see the firm regain its quality leadership in the market. Analysis According to DuBrin (2009), planning could be said to be either strategic or operational. The au thor differentiates strategic planning as top level management engagement with the input of other members of an organisation from operational planning as one that relates to everyday operations of a unit or the whole organisation. The planning that saw

The article deals with the raise of a tariff on Chinese solar panels Essay Example for Free

The article deals with the raise of a tariff on Chinese solar panels Essay US commerce department brings heavy tariffs against Chinese solar panels Investigation finds China kept prices low with subsidies, but some in US warn tariff will slow adoption of solar energy The Obama administration imposed heavy tariffs on Chinese solar panels on Thursday, after finding that China is flooding the market with government subsidised products. The preliminary decision, that China had dumped solar products on the US for less than the cost of manufacture, will result in tariffs of between 31% and 250% on Chinese imports. It was seen on Thursday as a mixed blessing. US solar panel makers, who brought the original complaint, are expected to benefit. But the tariffs, by forcing up prices, are expected to slow the adoption of solar power more generally. There were also fears the move could lead to a broader US-Chinese trade war. In its decision, the US commerce department said it would impose tariffs of about 31% on about 60 Chinese solar panel exporters which participated in the investigation, including Wuxi Suntech and Trina Solar. Other manufacturers will face tariffs of just under 250%. The levies will be retroactive for 90 days. The tariffs were in addition to fees ranging from 2.9% to 4.73% imposed last March. Chinese government subsidies helped drive down the price of solar panels by 80% over the last five years, and by 40% in the last year alone. The price drops drove some US solar panel makers – such as Solyndra – to collapse. The seven US-based solar panel makers which brought the complaint said the ruling from the commerce department would help American companies hold their own against Chinese competitors. The solar panel makers were struggling against Chinese competition, and weakening demand in Europe. Todays decision is expected to have an impact on the US marketplace for Chinese manufacturers since it will begin to remove the advantage they have had as a result of their illegal trade practices, the Coalition for American Solar Panel Manufacturing said in a statement. The statement went on: However, it will not disrupt solar growth or solar installations in the United States. But that is precisely the fear of other industry analysts. The falling costs for solar panels also made solar power more competitive with other sources of energy. The US solar industry grew by 109% last year. Jigar Shah, who heads the Coalition for Affordable Solar Energy, told reporters Thursdays ruling will mean higher prices for consumers and will set back the adoption of solar. He also warned that China might retaliate against American manufacturers, sparking a trade war. Chinese officials have protested in the past at American accusations of unfair pricing and threatened to take America to the international trade court or WTO. We think its raising taxes 31% on solar cells, and we think its going to increase solar electricity prices in the US precisely at the moment that solar power is becoming competitive, Shah said. The article deals with the raise of a tariff on Chinese solar panels and their impacts on the market, as well as general tensions between the U.S. and China. A trade war is implied to be on the rise. The situation is, â€Å"that China had dumped solar products on the US for less than the cost of manufacture, will result in tariffs of between 31% and 250% on Chinese imports.†(line 5-6) . The industry in the U.S. is protected because of â€Å"’ the advantage they have had as a result of their illegal trade practices, (line 24-25) As shown in Diagram 1, price increases from P to P+t, The share of the market from domestic producers increases from Q1 to Q3, shown by revenue g to a+b+c+g+h and the imported share decreases from Q2Q3 to Q3Q4 shown by a revenue decrease from h+i+j+k to i+j. US Government revenue of this tariff is d+e and there is a dead-weight loss of welfare, as consumer surplus f is lost. World efficiency decreases by c, due to less efficient competitors producing a greater share of the Quantity supplied to the market, which is a misallocation of resources, hence undesirable. Winners of this are clearly the domestic producers, as their revenue increases hugely; the losers are Chinese solar panel producers, which have less share of the revenue. This can cause structural unemployment in China. But not only China loses out, also domestic consumers have less choice and the price rises to P+t, so that this might cause inflation. But this measure is effective to prevent the dumping, as â€Å"China is flooding the market with government subsidized† (line 4) Solar Panels. Also losers of the tariff could be U.S. energy producers, which are reliant on solar panels, so that this is a major threat to environmental sustainability, because efficiency of solar power is driven down, thus substitutes become more attractive and PED gets more elastic. As it were â€Å"the falling costs for solar panels† (line 28) made the solar panels more attractive to the industry and now the tariff leads to â€Å"higher prices for consumers† (line 32). Seeing the advantages for the U.S. producers, they appreciate the tariff, because the heavily subsidized Chinese solar panel economy otherwise would drive them out of business in the longrun, shown by Diagram 2. The Chinese producers gain market-share as S (domestic) shifts to S(domestic+subsidy), illustrated by the increase in area from a to a+b+e+f+g . The foreign market share falls from b+c+d to c+d. The occurring inefficiency through the subsidization is g, as this is the difference between S(world) and S(domestic) also here, there is structural unemployment in foreign supplier’s countries and consumers are affected by taxes, as they fund the subsidies. Therefore as a consequence the taxes might rise. This might lead to increased transport and therefore constraints to environmental sustainability as well. Seeing both governments â€Å"working† against each other with protectionist measurements is not only harmful to the world as an economy, but also to the domestic economies of both countries. Although they could simply shift their labour in the U.S., if the restriction of labour mobility is non-existent and therefore structural unemployment would only be a short run factor, both spend their resources on this trade war, which is simply inefficiency and a misallocation of resources, hence a big threat to sustainability, because this trade war could in several years not only be about solar panels but a whole range of products, which affects a great number of people, seeing that the U.S. and China are the two biggest economies. This trade war is further reinforced by China wanting â€Å"to take America to the international trade court or WTO† (line 35). So rather than producing what both countries have comparative advantages in, the U.S. commerce department tries to save a â€Å"sunset† industry, as the demand in Europe declines and Chinese competitors produce at prices lower than the manufacturing cost. Concluding, both governments work against with counter-veiling protectionist measures, which must be critically evaluated as they slow down the economy. Although the U.S. can save more market share for them by using the measures, a lot of efficiency is lost and the resources could be allocated into sectors with comparative advantage, hence a problem of economic structure, as inefficient producers should close down. More importantly it is a threat to environmental sustainability, as it hinders the adoption of â€Å"green energy† with higher prices,â€Å"precisely at the moment that solar power is becoming competitive,. (line 37-38).

Advantages And Disadvantages Of Globalisation Economics Essay

Advantages And Disadvantages Of Globalisation Economics Essay Redding (1999) defines that globalisation as the increasing integration between the markets for goods, services and capital and at the same time the breakdown of borders. Other researcher found that the process of globalisation not only includes opening up of world trade, development of advanced technologies such as communication, internationalisation of financial markets, growing importance of multi-national corporations (MNCs), population migrations and generally increased mobility of persons, goods, capital, data and ideas but also critical problems such as infections, diseases and pollution (Braibant, 2002). Thus, from many point of views, globalisation is seen to be the borders between countries, governments, the economy and communities, increasing liberalization and openness of markets, particularly through the elimination of barriers to trade in goods and services and the development of integrated international financial market. PRUS (2001) simplified the term of globalisation as a process of increasing connectivity, where ideas, capital, goods, services and people are transferred across country borders. Labour and employment Positive Impact However, the process of globalisation can bring more jobs opportunities in host country when MNCs move their production operation into developing countries. According to Rama (2003), job creation only will occur in export-processing zones where large amount of work forces are required in order to keep the production running. A good example of jobs creation would be Coca-Cola decided to invest in Malaysia with a new bottling plant, consist of $301 million investment. They stated that this investment will able to create 600 to 800 jobs at the plant with 8,000 jobs connect with local suppliers (Agence France-Presse, 2010). Negative Impact Woods (2000) stated that the government of developing countries start to compete with each other by deregulate their policy to attract foreign direct investment (FDI) and multi-national corporations (MNCs). Hence with lower the wages and taxes rates enable the investors to avoid the risk of losing their capital invested in developing country. Research done by The Economist (2001) and Woods (2000) and found that when the government of developing countries increasing minimum wage and labour safety standards in order to protect local workers rights, this might could cause MNCs relocate their operation to another developing countries, where that particular countrys labours, who were probably willing to accept low wages by any standards, lack of union representative and legal protections such as child labour and other gross labour that abuses by global companies. Technology transfer Positive Impact Transfers of technology depend on resource available by MNCs with the ability to achieve the level of technology development in order to make them competitively in global market. Usually developing countries unable to do research and development on their own as the technologies that required implementing the competition strategy are most likely to come from other countries through technology transfer (Stewartet al., 2003). Hipkin and Bennett (2003) stated that the extent of developing countries, participation in global economy depend on their ability to respect where the importance of technological transfer cannot be overemphasized. There are ten modes of technology transfer which has been identified by Peter Buckley (1985, citied in Transnational Corporations and Technology Transfer to Developing Country) but the most conventional form will be whole-owned subsidiaries. This form is also known as FDI where MNCs can lower their transaction cost (Cantwell and Dunning, 1994). Hence technology transfer to subsidiary in other country allow developing country to learn the operation of new technology. Sometime subsidiary didnt allow local firms to learn but they somehow find their way to obtain the technology such as hiring operator from that particular subsidiary (Mansfield and Romeo, 1980). Negative Impact However globalisation can also bring negative impact to developing country. Certain MNCs transfer their technology to developing country as those technologies might cause health problem to employees as well as local citizens. Good example would be Bhopal disaster caused by America MNCs subsidiary, Union Carbide India Limited that produces pesticides. Sophisticate technology bought into India but the leakages of chemical caused more than 500,000 people suffer from the disaster (Eckerman, 2005). Social impact Positive impact Globalisation can bring good and bad effect to developing countries. Developing able to reduce the amount of population that live below poverty level with the help of globalisation as the effect of job creation has been achieved (Lee and Vivarelli, 2006). Local citizens are able to get a job and ensure the survival of their family and improve their living standard. Negative Impact In this era of globalisation, social aspect is tightly related to the effect of the waves of globalisation such as living standard, career, families and their communities. In this case, globalisation are claimed that it is a method to organise someones life which consist of assimilation, communication among people, organisation, and the government as well in other part of the world. Hence, it was also called the method that used driven by global trade and investment aided by information technology. Besides, this issue is also directly inter-related with some other issues such as unemployment, disparity and scarcity, and environment as the chain effect of the waves of globalisation (Globalisation 101, 2002). The inter-relationship between the technology and economic is very critical and it succeeded in consisting the rise of the theoretical approaches where the centrality of changes in technology have been accepted and the dynamic force of the term innovation in the elements of economical changes (Freeman, 1998; von Tunzelmann, 1995). According to Nussbaum and Sen (1993), investment in technology appears to have an optimistic link to wider philosophy in developing economic interests which include social choices and freedom capability in longevity and education. Globalisation on impact of the countries economy Positive Impact According to Baghwati (2004) globalisation is playing the significant role of enhancing economic affluence by offering new hope to developing countries. Gangopadhyay and Chatterji (2005) saying that globalisation has been characterised as a reduction in trade barriers such as free flow of goods, services and labour from one country to another. Richardson (2000) contends with these views as, the effect of this is increasing the trade which turn into increased income for developing countries and serves as an opportunity to stabilise their economies by taking the advantages of trade. This statement is true and has been proving by (Richardson, 2000; Dierks, 2001) that globalisation has greatly reduced the trade barriers between countries through adjustment of tariffs and import duties. Negative Impact The rise in globalisation has increased capital flow into developing countries economies. Foreign Direct Investment injects capital into developing countries in terms of stabilizing the countries economic. This is also a benefit that increased the countries financing through loans and grants from developed countries (Aurifeille, 2006). However, there will be net capital inflow that could lead to negative effects on trade. Chan and Scarritt (2001) noted that the large capital inflows were caused by the appreciation of exchange rates and inflationary pressures that impact on the countrys current account. This means that globalisation in improving the countries economy could actually stop the progress of the economy unless the host countries balance of payment focuses on the foreign plant where the export is more than import. The adjustment in trade barriers has lead to the promotion of specialisation to developing countries because they are able to concentrate on the production of commodities which can be produced at the least cost (Aurifeille, 2006). Developing countries fully use the advantage of globalisation to enhance their income through trading goods which they can produce most effectively. Such development is giving developing countries an opportunity to obtain goods that prove expensive to produce in their own countries. Corsi (2009) saying that, competition is always an effective way of enhancing innovation to produce better quality goods. Thus, globalisation had enhanced competition as the flow of goods and services between countries has becomes easier. Globalisation impacts on economic and environment Negative Impact Economic and environmental problems show few signs of improvement for a large share of the worlds people but when comes to external debt levels, weak export and real income growth, it often enter a mutually destructive relationship with environmental and resource degradation which linked to the agriculture and urban activity. The important connection between economic and environmental problems can be clearly seen in the widespread social and economic impacts towards soil erosion, deforestation, urban congestion, unmanaged chemical such as heavy metals, air pollutants, solid and liquid industrial and residential waste (Long, 1990). According to Huber (1982) and Simonis (1989), ecological modernisation was one of the primary modes of sustainable development which comprised both a theory and a policy or political programme based on the view that comprehensive political and economic change could be implemented to achieve a less material and energy-intensive economy through the application of integrated and preventive resource and pollution-reduction strategies. This technologically-intensive mode of production would not be a viable option for lower income nations because the intensive technological basis of ecological modernization suggests that its effective operation and flow-on benefits are probably beyond the reach of poorer nations. Indeed, rapid global technological progress has often resulted in the Intensification of uneven development rather than enhanced opportunities for the poor (Freeman, 1987). The post-materialist solution for technologically advanced economies would Conclusion Although globalisation can help developing countries to grow and become developed countries through different kind of benefits enjoyed by them but at the same time globalisation can bring disaster to developing countries, even can bring the whole country collapse in few months times. Research done by scholars indicated that globalisation can be a benefit to developing country but at the same time its also a threat to developing country. However the net benefits enjoyed by developing countries is greater than net cost paid as shown in this literature view can say that globalisation can actually bring benefits to developing countries.

Georg Simon Ohm :: essays research papers fc

Georg Simon Ohm   Ã‚  Ã‚  Ã‚  Ã‚  At the time Georg Simon Ohm was born not much was known about electricity, he was out to change this. Georg grew up in Bavaria which is why most information about Georg is in German. There is even a College named after him: Georg-Simon-Ohm Fachhochschule Nuernberg. To much dismay not a whole lot has been written about him. Usually you will find a paragraph of the summary of his life. I hope to change this flaw in the history books by telling you as much as I could find on his life.   Ã‚  Ã‚  Ã‚  Ã‚  When Georg was growing up his dad, owner of a prosperous locksmith business, wanted young Georg to study mathematics before joining the family business. Georg attended a Gymnasium, like a college, in Erlangen, Bavaria (now Germany) . During his time at this Gymnasium a professor noticed how he excelled in math. This professor's name was Karl Christian von Langsdorf, Georg owes this man much credit from his recommendations to others.   Ã‚  Ã‚  Ã‚  Ã‚  After he graduated he took a job teaching mathematics at Erlangen University in 1805. He spent the next years looking for a better teaching position. He found what he was looking for in 1817 when a job was made available to him at Cologne Gymnasium. He now looked to research electrical current. In 1827 he published Die galvanishce Kette, mathematisch bearbeit (The Galvanic Circuit, Mathematically Treated). This was a mathematical description of conduction in circuits modeled after Fourier's study of heat conduction. This is also known as Ohm's Law.   Ã‚  Ã‚  Ã‚  Ã‚  Ohm's Law, which is Georg's greatest accomplishment, started as an experiment. The experiment's purpose was to find the relationship between current and the length of the wire carrying it. Ohm's results proved that as the wire increased the current decreased. Ohm came up with a formula to state these findings. It is V=IR, where as V=Voltage, I=Current, and R=Resistance. Ohm came up with a statement for this: current is equal to the tension (potential difference) divided by the overall resistance. Units of resistance, or ohms, are named after Georg Ohm. The inverse of resistance is conductance and it's units are mho, or Ohm's name spelled backwards. This is expressed as G=I/R or I=GV. That is conductance is equal to Current divided by resistance. Georg's work was under constant ridicule because it was experiment only and was irrelevant to a true understanding of nature. So he felt compelled to resign his job at Cologne. He continued his research after this time. After six years he got another teaching job at Nuremberg. He was recognized by the Royal Society of London for his work in the 1840s.

The Theory Of Property :: essays research papers

The Theory of Property While Webster's New Collegiate Dictionary defines property as "something regarded as being possessed by, or at the disposal of, a person or group of persons species or class," (p. 1078) this definition hardly holds the connotations so emphatically discussed by the anthropologist Morgan. To Morgan, "property has been so immense...so diversified its uses so expanding...that it has become...an unmanageable power." (p.561) Why has it become such an unmanageable power? Morgan answers this question with the simple answer that it is due to the linear evolution of the social institution of property from being collectively owned to being individually owned which has planted the seed of its own destruction in modern society. Morgan, in an attempt to study the role property has played in shaping social structures throughout history, has concluded that the influences property has had on reshaping societies and vice versa can teach the historian many things about both the society being studied and the environment in which it strove to survive. To Morgan, the "germ" of the institution of property slowly infected many different societies in many different parts of the world. His teleological approach states that due to the "unity of mankind" various technological innovations, which gave rise to the ever-growing availability of property, allowed social change to occur in many areas of the globe independently. Every area, went through its own version of evolution in which the importance of wealth grew at varying rates. This discovery leads Morgan to believe that while the past was unified in its variation, it is the future which must presently be addressed. For Morgan, in studying the past one can learn much about the future. Not only does Morgan analyze the social emergence of various types of property, but he is also extremely interested in the human tendencies evident in various societies which surfaced as a result of the ever-growing list of ownable objects. As time progressed from the Status of Savagery through Barbarism and into Civilization new wants and needs arose mostly due to new inventions. It is on this relationship between property, technology, and the human desire for more of each which Morgan centers his work, and it is from this study which he hopes future generations will learn how to improve their institutions until they can be improved no more. Morgan structures his essay around three basic "ethnical periods of human progress" (p. 535) and the basic assumption that the more modes of production and subsistence there are the greater the proliferation of individual objects of ownership. As technology advances and discoveries are made, the amount of ownable objects grow as does the need to own.

Jones Electrical Essay

As we can see from the figures and the information given in the present case, the company is very profitable due to the ambition and well management done by its owner Mr. Jones. In this regard, we can see in â€Å"Table 2 in the spreadsheet†, that the company is taking advantage of the 2% discount offered by suppliers saving around $75,000. 00 per year. We have to pay especial attention to the agreement reached with the former Co-owner of the company, Mr. Verden. This agreement is affecting the cash flow of the company since the interest expenses raises by around $12,000. 0 more per year, this together the financial interest of the Metropolitan’s Bank loan makes that the company needs a larger amount to finance its debts, that by the way regarding the agreement with Verden should not being paid by the company but by Jones personal income since this agreement was not reached between the company and Verden but between Verden and Jones. Furthermore, we are assuming that the company is paying this agreement since the Metropolitan’s interest rate if not will be of 12,45% per year which it seems to be very high for a bank of this kind. See Table 3 On the other hand, we have see that other and perhaps the most important factor making the company running out of cash is the fact that Jones uses to pay the invoices within 10 days so he can take advantage of the 2% discount instead of waiting the net payment due in 30 days while his accounts receivables are paid in average every 42 days. It is not necessary to explain what paying around hundred suppliers every 10 days represent to cash flows if the company is receiving payments every 42 days, this means that the company pays 4 times at 1 time receiving. This is, for sure, the main reason why the company is losing liquidity and need to borrow money to banks. See Table 5. Furthermore, we can see that the average rotation on accounts payables is 22 days as we can see from Table 10, this breaks the balance between the account receivables and accounts payables, this means that the company need to finance the difference (in this case 20 days approx. ) of working capital and the only way to finance it is through the company’s operations, by shareholders or with external resources which in the present case is through a bank loan. It would be also interesting to see what it the company’s financing policy on accounts receivables, this means what discount the company gives to its buyers and compare it with the discounts it receives from suppliers. Finally in order to overcome this situation the company need to review its financing policy and reduce the finance it gives to its clients so the rotation in accounts receivables period approaches to the rotation on accounts payables and thus correct the difference of approximately 20 days that is making the company look for further financing in external sources. . – Is Jones’s estimated that a $350,000. 00 line of credit is sufficient for 2007 accurate? From my point of view it seems to be accurate for the year of 2007. This answer is based of the calculation on working capital (see Table 8) and even stressing the methods used to calculate it, such as through the net operating working capital, which takes only into account the ways that the company has to generate cash and it most liquid debts, it means inventory, account receivables and account payables, we found that the figures were much better. See Table 11) On the other hand, if we take a look to the liquidity ratio (see Table 9) we found that the company’s ratio is above minimum relation required which is 1:1, this means that the company is producing enough cash to pay its debts. Nevertheless, as we said before, there a disparity in the financing policy of the company regarding the recovery period (account receivables) and the rotation on payables accounts that makes that the company requires external financing despite of having excellent numbers on the paper. Finally, I consider that the new credit line will be enough to pay the former credit with Metropolitan bank and there will still be $100 thousands dollars available that can be used by the company along the year since the restriction imposed by the bank are meet as we can see in Table 4 besides the company will be receiving payments during the year that will allow it to cover its debts and take advantage of the supplier discounts. Nevertheless, I insist in the fact that the company should revise its financing policy and the rotation of account receivables. . – What will happen to Jones’s financing needs beyond 2007? The financial needs of Jones Electrical will increase unless they change their policy on financing buyers while paying faster to their suppliers. This in deed is what is making that the company requires additional founds. On the other hand, the company has been growing constantly. In deed, according to the net income estimation for 2007 (see Table 7) the com pany increases its profits $25 thousand dollars more than the previous year. This is an evidence of how the company is been management and of its willing to grow year after year. Nevertheless, the first quarter of 2007 the working capital only has increased by $7 thousand dollars, which is the difference between the current assets and current liabilities but the importance of this is that according to the rotation on receivables and payable accounts, shown in Table 5 and 10, leads us to the conclusion that the company will have to pay its suppliers twice before it enters a single dime from its buyers. This clearly is the only reason and explanation to the question arose at the beginning of this analysis: â€Å"Why this profitable company needs a bank loan? † and the answer is found in tables 5 and 10, which is traduced into â€Å"an inadequate financing policy regarding receivables and payables accounts†. Finally, as a conclusion we can say that the company will still be needing more and more external resources to finance its buyers purchases due a inadequate financing policy that provoke unbalance in the requirements of working capital.