Monday, May 25, 2020
Judaism, Christianity, and Islam are among the best known and most widely practiced religions today, and have had enormous cultural, ideological, and historical impact on the peoples of every continent. Arguably more so than any other ideological systems, Abrahamic religion has been among the most influential forces in human history. The shared elements of their traditions have allowed them to develop in part through a multi-faceted dialogue with each other. These faiths, despite sharing a common Abrahamic background and a belief in a single all-powerful God, differ in their understanding of that God and manÃ¢â¬â¢s relationship with him. Notwithstanding the shared doctrines of the three faiths, these theological deviations have propagated themselves into the varied and diverse methods of religious practice we see today. It is important to understand the differences between these teachings, in order to better understand their impact on the lives of billions of people. Given its chro nological seniority and influence on the rest of the trio, it would be best to begin with Judaism. In Judaism, the ultimate reality is considered to be GodÃ¢â¬â¢s constant creative activity. That is, God is constantly creating and thus carrying reality through a linear series of events caused by actions and the consequences of those actions. In doing so, God creates a condition in which man can respond and interact with him. This linear, progressive notion of time and manÃ¢â¬â¢s relationship to it is among theShow MoreRelatedJudaism, Christianity, And Islam992 Words Ã |Ã 4 PagesJudaism, Christianity and Islam are three of the most recognized monotheistic religions worldwide. These religions are often referred to as the Abrahamic religions because of their history to the founding father, Abraham. Judaism, Christianity and Islam are closely related with varying differences. Christianity was born from within the Jewish tradition, and Islam developed from both Christianity and Judaism. We take a look at some of the major similarities and major differences of these widely practicedRead MoreJudaism, Christianity, and Islam1538 Words Ã |Ã 6 PagesJudaism, Christianity and Islam Christianity and Islam are the most influential religions in the world. Judaism has only fourteen million followers across the continents which makes Judaism the 12th largest religion. Although Judaism is not as large as Christianity and Islam, It still has an impact on the world. Prophet Abraham is the called in Islam the father of all prophets and because of that, sometimes Christianity, Islam and Judaism are called Abrahamic Religions. There are many known differencesRead MoreJudaism, Christianity, And Islam1052 Words Ã |Ã 5 PagesAubrey Fletcher 3/9/15 Humanities Professor Michaud 417868 Judaism, Christianity, and Islam There are roughly 4,200 different religions in the world today, among them the largest are Judaism, Christianity, and Islam. These three religions are more similar then one would think. Christianity is the largest religion in the world with 2 billion followers and are called Christians. Islam is the second largest religion in the world with 1.3 billion followers. They are called Muslims, which means Ã¢â¬Å"oneRead MoreJudaism, Christianity, And Islam875 Words Ã |Ã 4 Pageshave believed in a higher power or powers. Christianity, Islam and Judaism, the three most dominant religions are no different. They are all Monotheistic meaning they believe in one sole higher power or God. Though they share this common idea and many other similarity, they have many distinct features of their own that make them different as a whole. Many past religions have believed in the idea of multiple gods, Polytheism. Judaism, Christianity and Islam believe in one Supreme creator, MonotheismRead MoreChristianity, Islam, And Judaism1636 Words Ã |Ã 7 PagesChristianity, Islam, and Judaism All three religions believe and worship the same God but they do it in different ways. Judaism happens to be the oldest religion today but they donÃ¢â¬â¢t have an official creed. They aim to teach you about God, the Messiah, human beings, and the universe which makes Jewish beliefs very important to them. But it is important to understand that being Jewish is more of a race and culture than it is a religion. Some Jewish people may have no interest in Judaism. Judaism hasRead MoreJudaism, Christianity, And Islam1679 Words Ã |Ã 7 Pages Completely Different but Surprisingly Similar Judaism, Christianity, and Islam are all three different religions that many may not think can even be compared. At a glance, the religions are derived from different locations, the members of the religions look and act different, and some of the widely known practices are what make the religions so distinct. However, they are more similar than most people think. In the core of the three religions, many of their beliefs and practices show to be extremelyRead MoreChristianity, Islam, And Judaism Essay1967 Words Ã |Ã 8 PagesChristianity, Islam, and Judaism represent the three most influential religions in the world throughout history. Judaism is, however, not as widespread as both Islam and Christianity, but it still has a profound impact in the world. Judaism, Islam, and Christianity are also known as the Abrahamic religions because their history is traced to the ancient individual, Abraham who is first referred to in the Hebrew Bible. There are many similarities as well as some differences between these religionsRead MoreJudaism, Christianity, And Islam902 Words Ã |Ã 4 Pagesmost famous three religions -People of the book- are Judaism, Christianity, and Islam. Judaism is the oldest organized religion in the world; however, it only has 14 million followers around the world most of them centered in North America and Israel. Christianity, came after Judaism and have two billion believers around the world, and thatÃ¢â¬â¢s about one third of the world population. Finally, Islam came after Judaism and Christianity. Even though Islam came afterwards, it spread quickly around the worldRead MoreJudaism, Christianity, And Islam1016 Words Ã |Ã 5 Pagesthat keeps many people going in life but at the same time, the same reason our world has so many problems and has been torn apart. Through studying the main tenets in call, Judaism, Christianity and Islam were analyzed for weeks. Christianity and Islam take the cake for the two biggest religions in todayÃ¢â¬â¢ s population however, Judaism plays the smallest role. These three religions, although different, are easily able to be compared and contrasted because of all of the history and information we have attainedRead MoreJudaism, Christianity And Islam995 Words Ã |Ã 4 Pageshistory, different cultures and religions have created ways for the mourners to cope with the tragedy of losing a loved one. In this paper, I will be comparing the advantages offered by religious traditions for the mourners, focusing on Judaism, Christianity and Islam. In addition, I will be contrasting them with the benefits offered by our modern secular funeral services. To start, JudaismÃ¢â¬â¢s priorities are on community and on law. Therefore, Jewish traditions regarding procedures after the death of
Thursday, May 14, 2020
Sample details Pages: 13 Words: 3913 Downloads: 6 Date added: 2017/06/26 Category Marketing Essay Type Cause and effect essay Did you like this example? Corporate governance structures today in most market based economies apply the separation of ownership from control model in large corporations and firms. This can be said to occur where ownership has been progressively diluted from complete ownership to minority control (Clarke, 2007). Much of this concept, particularly with regard to large corporations, directly results in an agency relationship between the owners (shareholders) and the controllers (managers) and it is from this concept that the agency theory in corporate governance arises. DonÃ¢â¬â¢t waste time! Our writers will create an original "Different types of corporate governance structures in market" essay for you Create order The practical reality today is that even smaller companies employ this same model in order to improve their efficiency as more shareholders (owners) prefer to engage others to run their businesses not on the basis of filial relationship but on the strength of qualifications, competence and experience although they usually retain ultimate control. Needless to say, there are inherent problems and challenges that also arise as a result of this sort of relationship. The most significant being the ultimate divergence of interest between the principal the agent as the latter may not always act in the best interest of the former or may only act partially in that interest (Mallin, 2010). Indeed a substantial and significant amount of literature has been developed in the agency theory in corporate governance and it has not been without its criticisms. While some contemporary assessments of corporate governance today note that this diffused ownership model (separation of control from ownership ) was to a larger extent, a purely Anglo-Saxon phenomenon which does not necessarily reflect the governance system of corporations in other parts of the world (Coffee, 2000), others have criticised the agency theory as over-simplifying the intricacies of corporate governance by reducing its scope to merely a term of contracts between principal and agents (Tricker, 2009). This essay will attempt to critically analyse some of the more relevant literature with the aim of first of all exposing the rationale behind the emergence and development of the separation of ownership from control, and how instrumental it has now become in ensuring proper corporate governance framework in todays global economy. In doing so, there will be extensive discussions on the agency theory in corporate governance in a bid to highlight the common problems and challenges that are inherent in this theory and identify ways by which these problems may be mitigated. The emergence of agency relationship in corporations: Separation of ownership from control. There exists a general consensus by academics and practitioners alike that market development and the era of industrialisation in the early to mid 19th century brought about a diffusion of ownership in many large corporations as individual or family owners were unable to, on their own, provide adequate capital to match and sustain the expansion of their businesses. The resultant implication of this situation, as identified by Berle and Means (1932) was the separation of ownership from control. They described this diffusion of ownership as the dissolution of the old atom of ownership into its component parts: beneficial ownership and control. Sorenson (1974) opines that this steady separation of ownership from control can be directly linked to the growth of corporate capitalism. It therefore followed that as the number of shareholders increased, their influence and corporate control progressively diminished leaving control in the hands of what has now developed into extensive salaried managerial hierarchies; professional managers (Dignam Galanis, 2009). This heralded the origin of the agency relationship between the parties and it is within the context of separation of ownership from control and this agency relationship between the parties that the agency theory in corporate governance was developed. This diffusion of ownership was however subject to a precondition that the shareholders retained ultimate control so as to protect them from stealth raiders with this protection formalised by statute (Coffee, 2000). Agency Theory Jensen and Meckling (1976) explained the theory of the agency relationship as a contract under which one party (the principal) engages another party (the agent) to perform some service on their behalf. In order to achieve this, the principal will delegate some decision-making authority to the agent. Thus the agency theory sees the corporation as a nexus of contracts which are constantly re-negotiated by individuals each aiming to maximise his own utility (Alchian and Demsetz, 1972). This notion of a multiplicity of constantly renegotiated contracts is borne out of the fact that it would be practically impossible to have a single contract with the capacity to holistically capture interests of both the principal and the agent (Mallin, 2010:17). The agency theory in corporate governance is a particularly dominant governance structure employed in large corporations and firms particularly in advanced economies like the UK, the US and in most other common law countries. Mallin (2010) posited that unlike countries that operate under a civil law system and are restricted by legal codes/rules which are merely administered without the flexibility to adapt to changing circumstances, the common law jurisdictions operate a legal system that consists an independent judicial system that employs the doctrine of judicial precedents with heavy reliance on case law and other legal principles that have afforded them the opportunity to make significant advancements and develop the codification of various laws/rules/principles that have over time, increased the level of protection for minority shareholders thereby encouraging a more diversified shareholder base within those jurisdictions. Dilemma of the agency theory The inherent dilemma within the agency theory was identified as far back as the 18th century. According to Smith (1838), the directors of companies however being the managers of other peoples money than of their own, it cannot well be expected that they should watch over it with the same anxious vigilance as they would their own. This quotation simply summarises the problem with the agency theory. Tricker (2009) further notes that the real challenge is ensuring that the agent acts solely in the interest of the principal. However, these agency problems arise largely due to the impossibility of contemplating for every future action of an agent, whose decisions are sure to affect both his own welfare and the welfare of the principal (Brennan, 1995). It is at this point that we can clearly point out the divergence of interests between the principal and his agent as they both aim to maximise their respective aspirations. It is given that an agent will act with rational self interest and cannot be expected to act in the interest of the shareholders thus the need for them to be monitored to ensure that the interest of the principal is best served (Calder, 2008). In a sense, it is safe to assume that an agent will not act in the best interest of the principal and such matters in which he may display self interest may include a situation where an agent misuses his delegated authority for pecuniary advantage by remunerating himself disproportionately to his performance, taking hazardous and uncontrolled corporate risk or on the other hand refusing to take certain risks as both principal and agent may have developed different attitudes to risk in line with their respective interests. Thus certain corporate governance mechanisms for example, the board of directors, is seen as an institutional instrument of control and an essential monitoring device in corporate governance to ensure that the conflicts brought about by this divergence of interest between the shareholder and the managers (principal and agent) are kept to the barest minimum. Other mechanisms by which this divergence of interest is minimised include an assortment of codified rules both domestic, regional and international which seek to regulate transparency, disclosure, accountability etc. discussed later on in the essay. In identifying the inherent problems within this concept, it is also important to identify where this conflict arises within the context of the firm. Although there are various instances where a conflict between the parties may present itself, McColgan (2001) has been able to identify 4 key areas where extensive theoretical and empirical research has been conducted, from which these agency conflicts emanate. He has identified these areas as moral hazard conflicts, earnings retention conflicts, risk aversion conflicts and time-horizon conflicts. Moral hazard conflict as proposed by (Jensen) follows the notion that as the ownership stake of a manager decreases within a company, it raises the tendency to increase consumption of perquisites. This mainly applies to large corporations with dispersed ownership with an insignificant amount of the company shareholding held by the manager(s). According to Shleifer and Vishny (1989), a manager may, instead of objectively selecting investments or projects to be undertaken by the company, this selection may be done with a leaning towards areas directly aligned with the managers skill set. This increases his value to the company and vice versa and allows room for increased demands on remuneration. Another factor that may be responsible for the risk of moral hazard conflict is cash flow as Jensen (1986) is of the opinion that high cash flow level will also increase the likelihood of moral hazard as managers who are under no immediate obligation to make investments are more likely to incre ase consumption of perquisites due to the added difficulty in supervising corporate expenditure. A lack of managerial effort also applies here because the smaller the equity held by a manager, the more his motivation to work will dissipate and this is detrimental to company value. The earning retention hazard moves the focus away from one of aversion of effort as argued by (Brennan, 1995b) or lack of motivation or objective investment as espoused by the moral hazard conflict theory but instead sees the source of conflict in this case as resulting from the preference of managers to retain earnings for driving growth rather than cash distributions which is preferred by shareholders. A relative association has been determined connecting the size and a company and the compensation of managers thus creating an inducement for managers to focus on size growth and neglect growth in term of returns to shareholders. A third area identified as a potential originator of conflict is one related to timing. In general, shareholders are more concerned with the companys performance in terms of cash flow as projected into an indefinite future as opposed to managers who are seemingly only interested in cash flow projections for the period of their employment or contract. As a direct result of this, the managers have an inclination to engage in mostly short term projects at the expense of long-term projects. The problem becomes more visible in the build up to when the senior management personnel draw nearer to their disengagement or retirement. A typical example is the significant decline in research and development involvement which is a long term investment that usually has a negative impact on management compensation. A study by Dechow and Sloan (1991) indicate that there is a decline in this sort of investments as top management reach disengagement and explains their findings to be linked to the fact that the manager will not be available to partake in the benefits of such investments. Risk aversion conflicts arise as a result of managers being overly cautious of involving in projects that may put their self interest at risk. The Costs of Agency As explained in preceding paragraphs, the agency theory proposes that as a result of widely dispersed shareholdings, the stockholders are left with no choice but to delegate executive and other decision making authority to professional managers hired for purpose. However, these managers have a tendency to pursue their own interests which conflict with those of the stockholders who are more interested in avoiding firm specific risks. This conflict or divergence of interest most times results in the owners taking out certain measures to minimise the effect of this conflict. The costs of providing these checks and balances to ensure that managers do not abuse their authority or even the costs of managers allocating to themselves excessive perquisites at the expense of shareholders and the cost of monitoring and dealing with any such infraction can all be classified as equity agency costs. As succinctly put by McColgan (2001), Agency costs can be seen as the value loss to shareholders, a rising from divergences of interests between shareholders and managers. Agency costs are a sum of various parts and as posited by Jenson and Meckling (1976), monitoring costs, bonding costs and the cost of residual loss are the sum parts of this cost. I will further expatiate on these three sub groups as in my opinion, they satisfactorily cover the main heads under which agency costs are incurred. Monitoring Costs Where a principal delegates decision making authority, particularly executive or financial, to his agent it is important that there a mechanisms in place to check any excessiveness, misuse of authority or bad decision making. In other words, the agent is monitored. These monitoring costs are thus, the expenses incurred by the principal in the process of evaluating, examining and even managing an agents activities. Such costs may include but are not limited to the cost of conducting regular audits, the cost of developing reporting lines along the hierarchy of managerial staff, sometimes the hiring of external consultants and will even include the cost of disciplining erring managers. The burden of paying these costs is on the principal. However, Fama and Jensen (1983) have submitted that this burden is eventually passed on to the agent as the monitoring costs will have a direct impact on the agents remuneration. Asides these methods mentioned above, there are other self-regulatory mon itoring mechanisms that are imposed by statute. For example, domestic regulations under various sections in part 16, chapters 1 and 2 of the Companies Act UK 2006 stipulate the mandatory requirement for company accounts to be annually audited. Similarly recommendation contained in the Cadbury report of 1992 (reporting and control mechanisms) and the Greenbury (1995) reports on corporate governance are usually also employed. The requirement under the Combined Code 2010 dubbed comply or explain means that a company, in the event of non-compliance must disclose and explain its reasons for not doing so which in itself is capable of attracting to the company sufficient attention from regulatory bodies to provide a certain level of monitoring. Within a corporate structure, probably the most effective monitoring mechanism over the agent (managers) is the board of directors. The board is usually made up of individuals who possess the necessary skill and expertise required to carry out this duty. They must also be properly incentivised. Denis, Denis and Sarin (1997) are of the opinion that for monitoring to be effective, the mechanism employed must prove a formidable challenge to managements control of the company. However these mechanisms must be deployed in such a manner as to strike a perfect balance with regard to the peculiarities of the firms working environment as too much interference or over-monitoring will invariably restrict managerial independence and may have an adverse effect on the companys performance Burkart, Gromb and Panunzi (1997). Bonding Costs. As posited by Fama and Jensen (1983), the notion that agents eventually bear the burden of monitoring costs makes it more likely that they will initiate internal framework to ensure an alignment of interests between the agent and the principal or recompense for any eventual divergence if not. The cost of setting up structures of this nature and implementing them are known as bonding costs. Examples may include developing enhanced marketing strategies towards set profit targets, improved dispersion of information to the principal or even budgetary considerations and expenditure that are in sync with the principals objectives. These costs are borne solely by the agent, but are not always financial as they usually involve a re-alignment of corporate strategy to realise the principals interests. The relationship between monitoring costs and bonding costs are relative as a marginal increase in bonding costs will invariably lead to a marginal reduction in monitoring and its associated cost s. Denis and Kruse (2000) are of the opinion that the optimal bonding contract should aim to entice managers into making all decisions that are in the best interests of the shareholders. This is the most desirable outcome which would lead to a drastic reduction, or even wishfully, an elimination of the agency problem itself. However a more realistic outcome would be that bonding provides a means of making managers actually meet the expectations of shareholders to a certain extent even if not completely. McColgan (2000) remarked on a particularly interesting bonding structure popular in the UK which is imposed upon management; the requirement of closely held companies to distribute all income after allowing for business requirements (declaration and distribution of dividends) and was of the opinion that it presented the problem of retention of earnings in UK companies. He however concluded that the effectiveness of bonding structures may be treated with scepticism as it is a mechanis m utilised at the discretion of management. Residual Loss As we have noted earlier in this essay, it is practically impossible to prepare and guard against all conflicts that may emerge between shareholders and managers, thus the development of the notion that their relationship consists a multiplicity of constantly renegotiated contracts. Therefore, it is an acceptable conclusion that regardless of the outcomes of monitoring and bonding, a divergence of interest between managers and shareholders would still exist and any expenditure made in the resolution of these remaining conflicts are still reflected under the costs of the agency relationship. These remaining costs are known as residual loss. These costs remain because enforcing contracts between the principal and the agent is as mentioned earlier, very costly and in practice; far outweighs the advantages to be achieved from enforcement. It is practically impossible to fully contract for every contingency by way of conflict that may arise as a result of the agency relationship therefore a balance must be struck between over monitoring of management which leads to restricted initiatives, and enforcing contractual mechanisms designed to reduce agency problems in order to achieve the optimal level or residual loss. The Mitigation of Divergence The main challenge arising from this agency problem is how to induce the agent to act in the best interests of the principal or, in the context of corporate governance, how to mitigate the divergence of interest between shareholders and managers. Empirical and theoretical research has shown that a principal can limit the agents divergence from his interest by incurring both monitoring costs; designed to restrict deviant activities of the agent, and bonding costs; designed to ensure the agent does not take any action detrimental to the principal. So in mitigating this divergence, both monitoring and bonding costs are necessarily incurred by the principal. The common solution is usually to provide sufficient incentives for managers that would align their interests with that of the shareholders but it must be noted that asides the advantage of mitigating the clash of interest, this policy carries along with it, a secondary negative effect in the sense that managers would now only look t o the short term benefit they would stand to gain based on the incentives offered them and will not look into engaging in long term projects. This can be detrimental to business activity. There however arises the issue of effectiveness with regard to these mechanisms. The test of effectiveness propagated by Denis and Kruse (2000) is simple and constant in determining the relevance of any of these mechanisms in the context of the corporation and is in two parts. First, does it effectively narrow the gap between the interests of managers and shareholders? Secondly, does it have a significant positive impact on corporate performance and company value? If these two questions are answered in the affirmative then the issue of effectiveness is resolved. There are several different methods that may be employed to mitigate issues of divergence. Here we will focus on three of the more prominent methods that were highlighted by Crutchley and Hansen (1989). The first method is by increasing the managers equity ownership in the firm which would directly result in an alignment of interest between the shareholder and the manager. This method can be particularly effective because where the manager now has an equity stake in the firm; he would share the same expectations as other shareholders thus closing the gap of divergence. Monitoring costs would also be invariably reduced as a direct consequence. This method is however in itself not costless and the increase in a managers equity stake is relative to reduced diversification of his personal wealth and the balance would be an increase in remuneration. The second method proposed to assist in mitigating divergence is to increase dividend payments. This may seem unrealistic and maybe even unrelated to mitigating the divergence of interest but according to Easterbrook (1984) the rationale behind this is that the lower the financial resource available to the managers, the higher the chances of the company having to seek external equity capital. This would entail venturing into the capital market to raise funds either by way of private placement or public offer. In this case, the company would become subject to rules regulating capital market operators and therefore managers would be more closely monitored by relevant stakeholders including prospective or new investors and relevant government agencies like the Securities and Exchange Commission. This increased monitoring would motivate managers who are intent on retaining their positions to redirect their actions to be more in line with the interests of shareholders. Another method of r educing the costs of agency to result in diminishing divergence of interest is the use of debt financing. Jensen and Meckling (1976) indicated the importance of this method by explaining that using more debt finance reduces total equity financing, which has a diminishing effect on the level of the manager-stockholder conflict. In what was referred to as the control hypothesis he submits that by replacing dividend payments with debt issue managers are bound to apply future cash flow to shareholder recipients of this debt in ways otherwise unachievable by dividend payments. The controls are increased in this case because where the agreement to repay principal and interest is not maintained, shareholders reserve the right to initiate insolvency proceedings. Debt financing also reduces the cash resource available to be fritted away at the discretion of the managers. It further enhances efficiency as the constantly looming threat of redress as a result of failure to service debt payments also act as a sufficient motivational tool in making the firm more efficient. In this case the managers are more concerned with policy behaviour that will further the interest of creditors which in turn reduces the likelihood of incurring agency costs. However, debt financing may give rise to certain debt agency costs which may include the cost of contractual protection and insolvency proceedings or bankruptcy. Conclusion In conclusion we have looked at the concept of separation of ownership from control and the notion of an agency relationship that develops as a direct result. The agency theory and its inherent problem being that of an ultimate divergence of interest between the shareholders and managers, the control of which leads to expenditures termed the costs of agency have also been summarily discussed with suggestion proffered to assist in the mitigation of this divergence. It is however a contrasting outcome that despite the existence of a myriad of problems afflicting this agency theory imbibed in the separation of ownership from control, the model still remains very popular within todays modern firms and corporate governance structures. The simple explanation is that popularity of this corporate governance structure can in any case be ascribed to the continuous development of institutional control mechanisms both internal and external which are specifically targeted at resolving or minimisi ng these conflicts as they arise.
Wednesday, May 6, 2020
Analyzing Gender Roles in Ã¢â¬Å"Anchorman Natalia Pimushkina DeVry University Analyzing Gender Roles in Ã¢â¬Å"Anchorman Ã¢â¬Å" Gender is societys idea of what it means to be male or female, of the appropriate roles for each sex to play. Society transforms biological sexuality, when a person is genetically declared as a male or a female, into beings of human activity.Ã¢â¬ In this essay, I would like to analyze gender roles using the example of the main characters from the comedy movie, Ã¢â¬Å"AnchormanÃ¢â¬ (2004). I would like to look into female and male characters individually and compare the similarities and contrast the differences between them. Veronica CoringstoneÃ¢â¬ ¦show more contentÃ¢â¬ ¦However, Mr. Burgundy still has human feelings. When Veronica fell in a cage with the bears, Ron, like a hero, comes to help her, risks his own life and saves her. They feel natural balance: she is weak and he is strong. They ended up being partners not only at the work, but also even in life. They both are very ambitious, professional, and have passion for a career, but when it comes to logic, Ron B urgundy is losing because, he originally has the wrong attitude. This piece of conversation from the movie helps us to understand their gender equality problem: Veronica Coringstone: Mr. Burgundy. I am a professional, and I would like to be able to do my job. Ron Burgundy: Well, big deal. I act very professional. Veronica Coringstone: Mr. Burgundy you are acting like a baby. Ron Burgundy: Im not a baby, Im a man! I am an anchorman! Veronica Coringstone: You are not a man, you are a big fat joke. Ron Burgundy: Im a man who discovered the wheel, and built the Eiffel Tower out of metal and brawn. Thats what kind of man I am. Youre just a woman with a small brain. With a brain a 1/3 the size of us...Its science. Ron feels that he proves his masculinity by using these facts about the Eiffel Tower and the wheel. He is just shouting, while Veronica is calmly making her argument. Even Veronica did things to destroy RonÃ¢â¬â¢s career, I donÃ¢â¬â¢t blame her, because she was defending herself. In my pointShow MoreRelatedLeadership Interactional Framework : Leadership1953 Words Ã |Ã 8 Pagesuses this to enhance their leadership skills. Development planning is very important to become a good leader, this will guide the person to develop their knowledge, skills and behavior where required (Hughes, Ginnett Curphy 2015, p. 105). Analizing Arlene Dickinson shows a good example of how leadership skills can be developed to find success. At the age of 31 she found herself unemployed, divorced, four kids and with a high school diploma. Dickinson now at the age of 55 has a personal net
Tuesday, May 5, 2020
Question: Describe about theHealthcare Financial Managementand Organization's Procedure?. Answer: To know the money related state of a firm is imperative for all the partners. Arranging of organization's procedure or adjustment in the current one is based upon the money related soundness of business. Speculators will get ready for their venture as indicated by the market condition. They may build their speculation or way out according to present and future prospect of the business. So it is critical to have an arrangement of devices to know the budgetary state of any firm. Proportion examination, Trend Analysis, Du Pont Analysis, Comparative Analysis and so forth are a portion of the valuable instruments. Balance test is most renowned and straightforward one, and specialist and monetary investigation have utilized it for quite a while. Fundamentally, balance study is done on the premise of budgetary proclamations Profit and misfortune record and asset report. Under the proportion investigation, certain portions are figured by taking the several pair of heads. We should observe on a few proportions. (Maynard, 2000) Profitability Ratio net revenue and Gross overall revenue go under the productivity portion. It is the ratio of benefit to Net Sales. We can know the productivity state of a firm with the assistance of this proportion. There are some different proportions like Account receivable turnover ratio or Asset turnover proportion which in a roundabout way tells about the association's productivity. Liquidity ratio It says about the cash state of a firm. Liquidity alludes to having the present advantages for meet the fleeting commitments. Current proportion and brisk proportion are two important capital dimensions. Interest scope ratio demonstrates the capacity of the firm to pay its settled commitment like an instalment of interest or necessary or both. Obligation value ratio is likewise one of the essential proportions which tell about the influence state of the firm. Higher the duty value ratio, higher would be the dissolvability hazard. (Jones, 2013) Return on value is especially worried for shareholders. It gives the photo of organization's gaining over the value. All financial specialists need it to be most noteworthy conceivable. Resource turnover proportion demonstrates the capacity of the firm to utilize its advantage in creating the income. Return on resources gives a thought to the partners about the better employability of advantage. Value proportion demonstrates the extent of advantages financed by the value. Above talked about ratios are restricted ones. There are others a few proportions that assistance in deciding the monetary soundness of business. Industry and nature of the firm determine the sorts of ratios utilized for assessment. Every one of the proportions can't connect all kind of firms. (Jones, 2012) General wellbeing administration is one of the biggest healing facility management organizations in the United States. The balance investigation with the assistance of most recent three year's monetary articulation tells about its current budgetary condition and future pattern of business. A portion of the essential proportions are as per the following: From the above table, we are seeing that seeing that the productivity state of Universal wellbeing administration (in the future known as UHS) has looked after reliably. Working net revenues are verging on equivalent in all the three years. However, same pace has expanded net income. (Jones, 2011) Obligation administration scope proportion of all the three years demonstrates a decent transient commitment meeting capacity of UHS. Resource turnover ratios for all the three years are great and predictable. It shows that UHS has been utilizing its benefits in the extremely useful way. Current proportion and Quick proportion, both are describing the liquidity position of UHS. Their esteem more than one is thought to be the better one, however it has been diminishing in recent years. Return on Equity (RoE) has been declining over the past few years which may have baffled the financial specialists while expanding Return on Assets (RoA) are low yet has been growing. It demonstrated the better profitability of advantages and anticipated that would enhance in not so distant future. In the event that we take a gander at obligation value proportion, its quality was more than 1 in 2011 and 2012 however it descended near 1. Along these lines UHS has been enhancing its influence position and appears to be resolved to keep up in future. Value proportion demonstrates the extent of benefits financed by the value. Here, on account of UHS, it is around 0.35 on a normal in recent years. Whatever remains of benefit is funded by obligation. With the predetermined number of ascertained proportions we could know the current money related position of UHS and can envision its execution in future and can draw a pattern of its budgetary wellbeing. By the examination of most recent three year's money related proclamations, a model of UHS's future execution can be resolved. In the coming five years, its benefit condition would be more made strides. No danger of dissolvability can expected so far in not so distant future since its obligation administration scope proportion is exceptionally stable and in addition, influence ratio is under the control and as yet proceeding on change. Liquidity position is by all accounts in steady of past one. Return on aggregate resource ought to be enhanced as it mirrors the organization's capacity of utilizing advantages for produce income. UHS ought to give more worry on Return on Equity (RoE) as in the most recent three years, it has diminished. Regardless of expanding the net revenue, the re ason of diminishing RoE is an addition in the estimation of value in the course of recent years. On the off chance that we take a gander at the accounting reports of these three years then the held procuring has been expanded which like this, build the estimation of value altogether. Held income are for the most part utilized by the firm for the utilization of extension of its business. So we may likewise expect the same on account of UHS and in the coming years the expanded estimation of UHS will be reflected in the offer cost. So general monetary strength of the UHS is high and anticipated that would be enhanced more in not so distant future. Proportion examination is a solitary apparatus to assess the execution of a firm. Utilizing of pattern investigation, relative analysis and Du pont investigation will give more exact picture of UHS pattern and its future's execution. (Jones, 2008) References Jones, R. (2008). Financial risk at the PCT/PBC interface. Br J Healthcare Management, 14(7), 288-293. https://dx.doi.org/10.12968/bjhc.2008.14.7.30561 Jones, R. (2008). Financial risk in practice based commissioning. Br J Healthcare Management, 14(5), 199-204. https://dx.doi.org/10.12968/bjhc.2008.14.5.29343 Jones, R. (2009). Emergency admissions and financial risk. Br J Healthcare Management, 15(7), 344-350. https://dx.doi.org/10.12968/bjhc.2009.15.7.43202 Jones, R. (2012). Age and financial risk in healthcare costs. Br J Healthcare Management, 18(7), 388-389. https://dx.doi.org/10.12968/bjhc.2012.18.7.388 Jones, R. (2012). Volatile inpatient costs: CCG financial stability. Br J Healthcare Management, 18(5), 251-258. https://dx.doi.org/10.12968/bjhc.2012.18.5.251 Jones, R. (2013). Financial risk and volatile childhood diagnoses. Br J Healthcare Management, 19(3), 148-149. https://dx.doi.org/10.12968/bjhc.2013.19.3.148 Maynard, A. (2000). Crisis is managerial, not financial. British Journal Of Healthcare Management, 6(2), 84-84. https://dx.doi.org/10.12968/bjhc.2000.6.2.84 Profit and loss account (2011-13) of Universal Health Service
Thursday, April 9, 2020
Limited Use of Cell Phones Essay Argumentative essay Mobile cell phones should be limited in certain schools Mobile phones can be an issue in certain schools. Mobile phones should be banned in elementary and middle schools. However, phones during class in high school and college should be up to the teacher, whether or not to have them. As youths get older, they become more responsible on how they use their phones. ElementaryÃ schoolsÃ shouldnÃ¢â¬â¢tÃ haveÃ phonesÃ period. TheÃ kidsÃ shouldnÃ¢â¬â¢tÃ haveÃ aÃ phoneÃ thatÃ young. TheyÃ donÃ¢â¬â¢tÃ needÃ itÃ forÃ manyÃ reasons. ParentsÃ knowÃ whereÃ theyÃ areÃ anyÃ ways. ThereÃ isÃ alwaysÃ anÃ adultÃ around. InÃ caseÃ ofÃ anÃ emergency,Ã theÃ schoolÃ canÃ contactÃ theÃ parents. ThereÃ isÃ alsoÃ aÃ phoneÃ inÃ theÃ officeÃ andÃ everyÃ classroom. KidsÃ thatÃ youngÃ areÃ easilyÃ distractedÃ andÃ thoseÃ havingÃ aÃ phoneÃ willÃ makeÃ itÃ worse. IfÃ theyÃ haveÃ aÃ phone,Ã theyÃ wonÃ¢â¬â¢tÃ doÃ theirÃ classÃ workÃ orÃ homework. TheyÃ areÃ notÃ asÃ socialÃ becauseÃ theyÃ areÃ tooÃ distractedÃ withÃ theÃ latestÃ Smartphone. Kids wouldnÃ¢â¬â¢t have as much fun with their friends that are over. They would be too involved in looking at their cell phones. HavingÃ aÃ cellÃ phoneÃ whenÃ inÃ elementaryÃ schoolÃ canÃ helpÃ whenÃ kidsÃ areÃ walkingÃ homeÃ fromÃ school. IfÃ theÃ kidsÃ donÃ¢â¬â¢tÃ answerÃ theÃ houseÃ phoneÃ whenÃ theyÃ areÃ home,Ã theyÃ areÃ moreÃ likelyÃ toÃ answerÃ theirÃ cellÃ phones. We will write a custom essay sample on Limited Use of Cell Phones specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Limited Use of Cell Phones specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Limited Use of Cell Phones specifically for you FOR ONLY $16.38 $13.9/page Hire Writer IfÃ theyÃ areÃ outside,Ã andÃ theirÃ parentsÃ tryÃ toÃ callÃ theyÃ wonÃ¢â¬â¢tÃ hearÃ theÃ houseÃ phone. KidsÃ wonÃ¢â¬â¢tÃ bringÃ outÃ theÃ houseÃ phone;Ã however,Ã willÃ bringÃ theirÃ ownÃ cellÃ phone. OnÃ theÃ otherÃ hand,Ã sayÃ thatÃ aÃ groupÃ ofÃ 5thÃ gradersÃ areÃ walkingÃ toÃ getÃ aÃ drinkÃ fromÃ sonicÃ orÃ 7-elven they have something in case one of the parents wants to text them to see where they are. Middle schools should have phones either during school hours. Middle schoolers can be a little active. When you have a cell phone, they are more likely to cheat during a test. The students are more probable to text parents to get them out of a test or quiz. They are more likely to get into trouble. During class, they could be internet surfing and texting. They also could make wrong calls to authorities. Making an artificial call to authorities can make what you did a lot worse. Some parents think that schools should let students have their phones in use during school. They are a little more independent. They will always change their mind of what they are doing. If they have a parent pick them up, and they do an activity after school, and that activity gets canceled for some reason, the kids have to let the parents know. If a shooting happens during school hours, and the kids made it out, that would be a comfortable thing to do is to let the parents know. However, if they are stick in a classroom for a school shooting, itÃ¢â¬â¢s an easy way to text the parents to let them know that they kids are okay. Thankfully, the Deer Creek Middle school shooting happened after school hours, and almost everyone got away safely. The Deer Creek shooting was probably one of the things that scared me. I knew a lot of people that went to the school at the time. A gentleman came to the school grounds and started to shoot as students were leaving to head home. The shooter had gone to the school before to look around. He shot a girl in the arm and a boy in the chest. None of the students died. Students were either already on the bus, walking or getting picked up by a parent. Many students ran to Stony Creek, a nearby elementary school, to get away. Some of the students managed to jump into some strangersÃ¢â¬â¢ cars as well. Dr. Benke, a math teacher who was on bus duty, managed to get him onto the ground without getting more rounds off. Students who had phones were able to text friends to see if they were okay and to text parents. High school can be like college. The school should let the teachers pick if students are allowed to have phones or not. Students in high school are a little more responsible. The students know what is wrong and right. Students in high school are a little more responsible. If they really need to use their phones, they will go out into the hallways. For example if they needed to call their parents or any relative, for some reason. Most students are good about not using their phones during tests. Some classes do have some days where they need to look things up and that is where the smart phones come in handy. For example, if you are taking a foreign language class and need to look it up, you have the phone to look it up. That is if the teacher is busy and you can find it in the book. If they teachers donÃ¢â¬â¢t say anything about phones they canÃ¢â¬â¢t get mad at the students. CellÃ phonesÃ shouldÃ beÃ veryÃ limitedÃ inÃ highÃ schoolÃ butÃ notÃ asÃ strictÃ asÃ middleÃ school. For example,Ã theyÃ shouldÃ beÃ allowedÃ duringÃ passingÃ periodÃ andÃ lunchÃ butÃ notÃ classes. PhonesÃ shouldÃ beÃ turnedÃ inÃ whenÃ theyÃ areÃ takingÃ aÃ testÃ orÃ quiz. StudentsÃ areÃ allowedÃ toÃ getÃ itÃ afterÃ everyoneÃ isÃ done. IfÃ theyÃ haveÃ theirÃ phonesÃ outÃ theÃ studentsÃ canÃ takeÃ aÃ pictureÃ ofÃ itÃ andÃ sendÃ itÃ toÃ otherÃ studentsÃ asÃ wellÃ asÃ lookingÃ upÃ answers. Students could also not pay attention to something that they need to know for college or their career path. They wonÃ¢â¬â¢t focus on what is really important. Cell phones already take over so much of studentÃ¢â¬â¢s lives. College is a big campus to control, thatÃ¢â¬â¢s why teachers should be allowed to pick whether or not to have cell phones in their classrooms. The president of the university can tell the teachers, that cell arenÃ¢â¬â¢t allowed. The students are old enough not to use phones in class. Nevertheless, there are certain times during class that it is appropriate time to use a phone. If a teacher has a more than 30 students, it is hard to see who has a phone or not. Students who are in a class that is not allowed to use a cell phone, may still try to sink using their phone. Many people can be split on phones in class in college. Ages in college, especially at Metro vary. Students who are older may have kids and need to be in contact with their kids. If they have later classes between one and three they may have their kidÃ¢â¬â¢s text them to let them know that they are home or got over to a friendÃ¢â¬â¢s house. As you go up in education the more it will change. Plus, the more you have to be responsible for yourself and your actions. Anyone having a cell phone can make you want and not want to do things that you normally do or not do. Students are more likely to use their phones during school than outside of school. With my own experience IÃ¢â¬â¢ve noticed that I would use my phone more during class than when IÃ¢â¬â¢m out of class. ThatÃ¢â¬â¢s why it should be limited in schools. Like being banned in elementary and middle schools and then having
Monday, March 9, 2020
Common app Essays Common app Essay Common app Essay 523205 Lang p. 2 October 13, 2013 Common Application Option #2: Recount an incident or time when you experienced failure. How did it affect you, and what lessons did you learn? When I heard the news, my stomach turned I felt like everything I worked for shattered right in front of me, and there was nothing that could fix it. During the summer I experienced a tragic injury. It all happened the final half of a soccer tournament with five minutes left in the game. This is when I experienced failure; I had thrown every opportunity away. Failure indicated no more scholarships, or laying the one sport I loved, and it also meant throwing all my hard work away. As I pulled up to the doctors office nervous of what the doctor was going to tell me. I knew I fgured Id only be out for a short amount of time, and then Id be back on the field. Well, unfortunately that wasnt the case. I was told I pinched five nerves in my back and partially slipped a disc, this injury was critical and I could potentially make it worse, which led to no soccer for at least six months. This then meant I wouldnt be able to touch the ball, to work on my skills or to gain scholarships, and lay the game I loved. This meant recovery, and therapy and a fast comeback even if the doctor said no soccer for six months I was determined to come back within the next few weeks. Months passed, and they passed slowly. My passion for the game was gone because I wasnt able to play it. I lost my skill, I gave up. I failed to do what I told myself I would, to comeback within the next couple weeks and to be okay. I ended up quitting soccer, I didnt think I was good enough my scholarships were gone; no one knew my name anymore. And the worst part about it was I didnt care. I was okay with letting go of my passion because I hadnt interacted with it in so long. Playing for 12 years and giving up was hard at the beginning but it slowly got easier to do. My grades slipped because I didnt have any motivation. I became depressed and soccer was stored in the back of my mind. I didnt think or care about the game anymore. Then summer came along I was stressing already about my post high school plans, and what school to attend. As I was sitting on the patio at the beach taking in the view, watching the neighbor kids kick the ball around made me reminisce on the ast. It made me miss my passion, my love and the one thing that got me through everything. There were exactly three days till I was home from my vacation and there were four days till senior year high school soccer tryouts. I hadnt touched a soccer ball in a whole year, I had Joked with my family all week about how funny itd be if I played again. That had me thinking. What if I decided to give it a try and comeback? I came to decision on the last night of vacation. That I would go back and I would try out and give it everything I had. I fully understood that I hadnt played in over a year and I wasnt going to be nearly as good as I once was. But that Wednesday I came back I put my cleats on, I pulled my hair back, and I put a smile on my face, I stepped fingers being pointed at me I had overcame my failure. I had pushed passed the fact I wasnt the same player, I had looked beyond the fact that I wasnt going to be as good as I once was, and I worked hard for what I wanted. And at the endof that week everything I had worked for had paid off, I was a new member of the varsity soccer team.
Saturday, February 22, 2020
Irresponsibility in High Fidelity by Nick Hornby - Essay Example The paper tells about RobÃ¢â¬â¢s irresponsibility that emerges through his lack of commitment, self-destructive attitude and lack of initiative. At the beginning of the novel, the narrator lists his five prior breakups. This breakup portrays the narratorÃ¢â¬â¢s inability to sustain a relationship. He seems to be looking for something more that he cannot understand. The first breakup is with Alison Ashworth whom he dated for a few hours. Robs then dated Alison Hardwick, a year after his first breakup. Hardwick could not give into his sexual demands leading to a breakup. Rob, still eager for a relationship, steals his friendÃ¢â¬â¢s girlfriend who was called Jackie Allen. This relationship lasted only a few weeks after which Allen left him for his prior boyfriend, Phil. His fourth relationship ends in a breakup as well. The girl in the fourth relationship is Charlie Nicholson whom he met in college. Rob kept thinking that she was too good for him and that she would eventually leav e him for another person. They eventually break up. Rob still earns for relationship and meets Sarah Kendrew, who like Rob, hurts from a breakup. Rob and Kendrew swear to live together forever but Kendrew meets another person and leaves Rob. This string of breakup portrays RobÃ¢â¬â¢s inability to commit fully in a relationship. Numerous breakups may motivate one to get into a mature sustainable relationship. However, Rob wants to be free so that he can act as he pleases. He also wants to enjoy an intimate relationship with a woman. This is irresponsible because he should take some time to assess his feeling and decide on the best course of action. Instead, he is contented by the initial infatuation and intimacy with a woman. After staying with a woman for a while, he starts questioning himself whether the woman is right for him. Rob usually finds reasons to leave her than stay in the relationship. This also happens with Laura, his next girlfriend (Knowles 14). The author uses the numerous girlfriends who broke up with Rob as a symbol to indicate his lack of commitment. His love for music symbolizes his loneliness and need for fulfillment. It is ironic that the author calls the novel high fidelity to highlight commitment to a marital relationship though Rob is committed to himself. RobÃ¢â¬â¢s inability to commit does not apply to relationship but also other aspects in his life. For example, he dropped out of school due to the inability to commit to schooling requirements. He has a music shop that does not reward him significantly though the business does not bother him. He is comfortable with his meager earnings so long as he can afford a meal and shelter. His actions are attributable to lack of commitment to his responsibilities, as well as, woman named Laura. In the event that he was responsible, he would have worked harder to improve his life. Laura eventually prompts him to think of other things that he may enjoy doing in a bid to generate money. A read er is likely to label RobÃ¢â¬â¢s actions are irresponsible. The Commitments by Roddy Doyle depicts the power of commitment. Derek Scully and Foster commit themselves to forming a band though they know little about music. Regardless of their inexperience, they continue pursuing their dream. They sign in more members and struggle to make their dream come true. On the contrary, Rob does not seem to put work hard at