Tuesday, December 24, 2019
The Slavery Of The United States - 943 Words
In such a system, slavery was necessary because it produced a master class that greatly differed from the ruling class of capitalist and industrial society. Slave owners treated their work force with regulated care; assumed life-long responsibility for the sick, old, and dying; and were committed to their community. Capitalists hired classes of manual laborers who were treated as wage slaves; fired their employees if they became ill, sick, or less productive; and accepted no civil or community responsibility. Southerners argued that their right to own property slaves was guaranteed in the Bill of Rights. In short, slavery was a blessing to an inferior race and the cornerstone of democracy because it avoided the bitter class divisions of the north, while also ensuring the freedom and independence of all white men. Lincoln s election fed the perception that Southern interests were losing control of the federal government, and that this government would eventually suppress the institu tion of slavery or outlaw it altogether. Lincoln s victory in 1860 was far from dominant he received 1,887 votes in Virginia and did not appear on the ballot in any other state which eventually joined the Confederacy. Lincoln won other states (such as California, Oregon, Illinois, and Indiana) by somewhat narrow margins. Only in the Upper Midwest and in New England did he have a dominant political position, (Bryan, 2013). Southerners also argued that their right to own property slaves wasShow MoreRelatedSlavery And The United States891 Words à |à 4 PagesThe Unites States during the 1850s was a harsh time for African Americans, not only were they treated extremely harsh; but many of them were slaves as well. Slavery was the topic of every discussion during this time period and the United States was literally split on the issue of slavery. A lot of the Southern States wanted to continue slavery because it was a way of life. Many of the southerners depend on slavery to help grow and harvest crops that were on acres and acres of land. Northerns, onRead MoreSlavery And The United States848 Words à |à 4 Pagesthe United States. During these years, many different topics were up for dispute and compromises were being negotiated. Unfortunately, it was hard for all of the citizens to come to a complete compromise for the disputes. Some states had similar opinions, while others were in a deadlock. One of the biggest disputes during this time were over slavery. While other disputes only involved a few states, slavery was a dispute that caused unrest between two distinctive regions in the United States: theRead MoreThe Slavery Of The United States1449 Words à |à 6 Pages ââ¬Å"Slavery is founded on the selfishness of manââ¬â¢s nature; opposition to it on his love for justice.â⬠This saying by Abraham Lincoln tells us that people are really different when it comes to their beliefs and attitudes. Some are so focused on wealth, which is why they have slaves to work for free, and treated them as properties instead of real human beings. On the other hand, some people were against slavery because it violated the basic human rights like the right to life, liberty, and security.Read MoreThe Slavery Of The United States953 Words à |à 4 PagesEvery country has a dark past, whether itââ¬â¢s about conquering land from Native Americans, or mass genocide of a single race. The Unit ed States was no different from the rest of the world, especially when slavery was involved. The South had its reasons on why to establish and justify the slavery system while the North rejected their beliefs. By focusing on the Southââ¬â¢s argument, this will help to understand why they fought for their rights to keep slaves and understand how the African Americans wereRead MoreThe Slavery Of The United States1095 Words à |à 5 Pagesattempted to cure their complete opposition on the regulation of slavery by using federal power to coerce an end to the feud, yet the movement increased tension between the divided nation. By invoking both legislative and judicial power, politicians used laws which included slave codes and freedom laws as well as court decisions like Dred Scott v Sandford (1875) to convince or force the population into acceptance of stances on slavery. Each party viewed their tactics and ideas to be righteous, andRead MoreSlavery And The United States1305 Words à |à 6 PagesSlavery; An Issue Neglected to a Key Principle in the U.S. For 20 years slavery had existed in the United States of America despite its immorality and the objections of many citizens. Strides were made to correct this injustice around the time of the Revolutionary war; colonists started to demand their natural human rights from Britain. In 1766, our founding fathers were the first faced with a decision to abolish slavery; they felt the pressure from facing the purpose of their campaign due to theRead MoreSlavery And The United States1507 Words à |à 7 PagesOver the centuries, slavery held a prominent factor in United States history. Slavery shaped and formed what society was in the United States. Slaveryââ¬â¢s influence impacted the United States in various ways. The ways that slavery impacted United States history are the United States economy, society and politics. Some historians argue slavery is not an important factor in United States history. However, they are wrong because slavery brought many different political movements and t he Underground RailroadRead MoreThe Slavery Of The United States976 Words à |à 4 PagesSlavery has played a very integral part in the development of the United States so far. It has taught people the importance of racial equality and moral discipline, which was lacked back in the time when slavery existed. Moreover, slaves were used mostly by farmers and business owners who wanted to maximize their profits and wanted cheap sources of labor. Slaves were first imported into the United States back in 1502 by a merchant named; Juan de Cà ³rdoba. The South was very interested in bringingRead MoreSlavery And The United States1673 Words à |à 7 Pageshowever, when slavery existed, blacks were undermined and denied many freedoms entitled to them under the Constitution. There were many topics argued about, but slavery caused the most dispute within the country. In the 1850ââ¬â¢s, the pro-slavery South and the anti-slavery North collided when the case of Dred Scott, a black slave who attempted to gain liberation, was brought to court. The North and South had vastly different views on the subject of slavery, Scott had resided in the free state of IllinoisRead MoreThe Slavery Of The United States1670 Words à |à 7 Pageswedge between the nation. As the United States progressed into different industries, slavery benefited only one side of the country ââ¬â the south. The north began outlawing slavery, deeming it as immoral and unconstitutional while the south needed and depended on slavery to maintain their economy. The opposing sides on the slave system lead to arguments between the North and the South as to decide what new territories would allow slavery, then leading on to outlawing slavery all together. Tensions increased
Monday, December 16, 2019
Importance of Ego Free Essays
The Importance of Ego In the novella Anthem by Any Rand, the last two chapters play an important part in bringing together the text as a whole. The narrator transitions from third to first person narration after his escape from the dismal ââ¬Å"utopianâ⬠society. Prometheus, the aforementioned narrator, recounts the history of man and his struggle to overcome oppression by greater forces and authoritarian figures. We will write a custom essay sample on Importance of Ego or any similar topic only for you Order Now The author chooses to repeat symbols and words of individuality and the benefits of singular work. Any Rand uses her novella Anthem to promote the importance of individuality in all aspects of life. In her early life, the author, Any Rand, was exposed to brutal oppression and collectivist thinking. Any Rand, born ââ¬Å"in SST. Petersburg, Russia in 1905â⬠soon before the communist revolution occurred in 1917. Growing up she detested the institution she lived under, so she immigrated to America in 1926. Any Rand was educated in the USSR which gave her an upper hand that other American novelists didnââ¬â¢t have. She had first-hand experience with communism which drove her to oppose It entirely. According to Rand, ââ¬Å"no outside power has the right to demandâ⬠anything from an Individual or the work they can produce. In her lifetime, Rand wrote Atlas Shrugged, We the Living, the Fountainhead, and Anthem. Among other less popular works by the end of her writing career. These fictional books advocate Individualism and bravery in a despotic society. Any Rand died in New York City, NY in 1982, leaving behind her a legacy which fueled more complex and innovative thinking in future generations of readers and philosophers. The style of Any Randââ¬â¢s writing impacted the world of literature from the beginning. She ââ¬Å"[defied] cultural and political trendsâ⬠and ââ¬Å"established a unique placeâ⬠among fellow authors. According to Danna, ââ¬Å"[Any Randââ¬â¢s] mind was utterly first handedâ⬠which proved to be very successful. Although at first she was misunderstood and deemed ââ¬Å"immatureâ⬠in a psychological sense, Any Rand became a reputable author through explanation of her philosophy: Objectivism. According to Stephen Cox, ââ¬Å"Rand could not find a philosophy that reflected her beliefsâ⬠so she created a new philosophy entirely. The success of Objectivism was long lived by Any Rand thanks to her persistence and unconditional belief in the individual mind. Her ââ¬Å"[works are] a protest to individual submissionâ⬠and they ââ¬Å"reject distinctionâ⬠just as the Objectivism theory does. This is why in her works she focuses ââ¬Å"inside the headâ⬠of the narrator rather than the importance of a solid plot. The psychological aspect of her philosophy is seen especially in Anthem where the mind of one man has been destroyed by the foundation which raised him. In Anthem there is no sense of religion, either, which was Any Randââ¬â¢s purpose In all of her novels. According personally to Any Rand, ââ¬Å"religion Is nothing but a brutal attempt to subjugate the Individual mindâ⬠and individual goals each man should achieve. Objectivism Is solely a belief In oneââ¬â¢s own self. There Is no delve power or authoritarian force that can sway a personââ¬â¢s decisions or thoughts to work for or against others. Individual power Is higher than corruption and collectivist ideology. Electives ideologists. In Anthem there is no distinct malevolent force, but citizens who have different hardwiring in their minds than Prometheus does. There is no villain, only ââ¬Å"good against good-differentâ⬠since villains are deemed irrelevant. For objectivism, it is more important to focus on the protagonist and their inner struggles ether than the community and how an antagonist may impair them. One of the most important aspects of Anthem is its connection to the younger audience. Prometheus is a young adult trying to find his place in a society where he does not fit. According to Karen Gould ââ¬Ëany young adult would benefit from Promethiumââ¬â¢s struggle with identity because it is so easily relatable to them. Anthem, being one of ââ¬Å"Randââ¬â¢s simplest novelsâ⬠, explains objectivism using ââ¬Å"inner psychological statesâ⬠which is a both practical and pleasing style of writing for any reader interested in studying Objectivism works. Effortlessly, Anthem brings together both a pleasing plot packed with Objectivism morals and ideas. The novel brings ââ¬Å"the kind of intensityââ¬â¢ a reader would think ââ¬Å"could [change] the course of historyââ¬â¢: exactly what Any Rand imagined her work to do. The protagonists ââ¬Å"never give upâ⬠their beliefs and ââ¬Å"assert theirâ⬠¦ Stubborn viewsâ⬠on their world. These morals are synonymous with the ideas of objectivism: to never give up an individual thought, or decision because of outside forces. Anthem promotes ââ¬Å"outstanding moral characterâ⬠and individuality simply and with intensity, not to bore young readers, but to draw them towards eating more complex objectivism works, such as the Fountainhead. Unlike many novels of the time, Any Rand chose to create an inner struggle for Prometheus to battle throughout the novel. The beginning shows his unwillingness to think other than ââ¬Å"the individual cannot exist apart from the collectiveâ⬠society, regardless of his sinful thoughts. With each chapter a new part of individualism is revealed to Prometheus, but it is up to him to fit the pieces together. The ââ¬Å"evilâ⬠that he is doing ââ¬Å"does not bring him aâ⬠¦ Punishmentâ⬠rather a ââ¬Å"psychological rewardâ⬠for thinking as a singular person. Closing out the book, Prometheus fully understands that ââ¬Å"ego isâ⬠¦ A cause of splendorâ⬠for man. The last two chapters of the novel represent the anthem of people Just like Prometheus and Gaga. Each paragraph can be read as a hymn or chant of people who believe in the individual mind, the people of Objectivism. Prometheus reflects on the history of man being ââ¬Å"enslaved by the godsâ⬠and ââ¬Å"enslaved by other menâ⬠and how detrimental this was to the ego of man. In his lifetime, the authority oppressed his society, and completely erased any evidence of first person. The summary of the wow-chapter anthem is that the only freedom left for men is taken away only by other menââ¬â¢ and each person has the ability to create the life they want, no superior being can control the fate of a person. Unlike the aforementioned critics, it can be speculated that Any Rand used religious symbols and illusions to make fun of religion as a whole. Ego is ââ¬Å"[the] god that will grant [men] JOYââ¬â¢ and Prometheus and Gaga are very similar to the biblical Adam and Eve. The use of gods and religious symbols in this book further supports Objectivism ideas. To worship the ââ¬ËEgo godââ¬â¢ is to worship oneself. There is no god to worship but the power inside oneself. Many critics believe that because Any Rand was atheist, that the religious symbols in her books happened by mistake, or were In reality and in fiction, Any Rand was a strong believer in the individualist mind and the power of one. Compiling her complex background, the breakthrough philosophy of objectivism, and lack of religious beliefs, each of Randââ¬â¢s novels proclaim the values and ideas of objectivism starting with the most basic Anthem. Even after her death, Any Rand still makes a very large impact on modern society and advanced philosophy today. How to cite Importance of Ego, Papers
Sunday, December 8, 2019
Financial Analysis of Double Ink Printers Limited -myassignmenthelp
Question: Discuss about theFinancial Analysis of Double Ink Printers Limited. Answer: Introduction Every company shall have the sound accounting system clubbed with the internal control system so as to have the effective and efficient working of the company. Accounting system plays crucial in assessing the financial position of the company as on date and the financial performance of the company which the company has gained over the period. Both the financial position and the financial performance are judged by the financial statements of the company. These financial statements are prepared by the accounting system. On these financial statements the auditors of the company gives their opinion and they give their opinion after having the true and fair audit of the books of accounts of the company. These financial statements give the company an image in the market and in case it is not prepared in accordance with the relevant accounting standards then the reputation of the company gets deteriorated not only in the market but also in the eyes of the different stakeholders. Having the need of the proper financial statements, the report has been prepared with defined aims and mainly from the auditors view. The auditors view has been chosen so as to provide the insights of the financial information of the company that the company has presented to their stakeholders. For the purpose of this report the background information and the financial information of the company Double Ink Printers Limited has been made available. The report has been started with the Executive summary detailing the major aims of the report and the outline view of the report. Thereafter the brief introduction has been given detailing the flow of the report as to how different topics of the report have been dealt. At first the analytical procedures that is performed by the auditor in the financial report level has been discussed and that too for the last three consecutive years and thereafter the results of the analytical procedures are analysed as to how the audit plan of the auditor will differ from the normal plan of audit. At the second level, the risk assessment has been conducted and the inherent risk factors that are prevailing has been identified and detailed as to how it can affect the risk of material misstatement in the financial reporting level. At the last in the main body of the report, the factors has been considered which can lead to fraud at the financial reporting level and how it will affect the audit has been detailed. In the last the report has been concluded with the due recommendation. Analytical Procedures To The Financial Report For the report, the company - Double Ink Printers Limited has been made available. The company is in the business of books printing, magazines printing and other articles which is required to be printed and bind. The company prints the books or magazines as and when the demand and order comes. The company follows the due procedures for the documentation and the accounting of the revenue or other incomes during the year. Analytical procedures are the first stage of the audit planning which every auditor performs before starting up of the audit. It applies to all the companies whether small, medium or large and the analytical procedures provides the insights to the auditors as to which areas more focus of the auditors is required and to which areas less focus is required. The analytical procedures are conducted for both the financial as well as non financial information (Anastasia, 2015). In the given case of Double Ink Printers Limited the analytical procedures have been performed basically for the financial information. The International Standard on Auditing has provided as to how the analytical procedures are performed and has been provided through the standard number 315. It defines that the analytical procedures are required to be conducted throughout the process of the audit till the time it does not gets completed and in the given case the preliminary analytical procedures has been performed wh ich is defined as the identification of the relationship between different items like revenue, net profit, gross profit, debt and equity, current assets and current liabilities, etc. Through the preliminary analytical procedures the auditor will be able to find whether there is any risk which can have the material effect in the financial statements leading to material misstatements (ACCA, 2016). The 315 standard has defined three different processes of analytical procedures which includes preliminary, substantive and lastly the final. As per the given relevant financial information of the company for the last three co0nsecutive years ending 2013, 2014 and 2015, the analytical procedures have been performed and the same have been detailed below in the table. ANALYTICAL ANALYSIS - DOUBLE INK PRINTERS LIMITED S. NO. Heads for Analysis YEAR 2013 YEAR 2014 YEAR 2015 1 Net Profit Net Profit 2359190 2291362 2972183 Total Revenue 34212000 37699500 43459500 Net Profit Ratio = 2359190/34212000*100 = 2291632/37699500*100 = 2972183/43459500*100 6.90 6.08 6.84 2 Current Ratio Current Assets 5385938 7509150 9600929 Current Liabilities 3780000 5120250 6397500 Current Ratio 1.42 1.47 1.50 3 Debt to Equity Ratio Total Liabilities 3780000 5120250 13897500 Total Equity 9150000 10783650 12250491 Debt to Equity Ratio 0.41 0.47 1.13 3 Finance Cost 84379 83663 808038 4 Provision for Bad Debts 6.23 46.36 4.52 5 Provision for Obsolete Inventory 106312 125876 0 6 Loss in Foreign Currency 38500 49750 0 7 Loan 0 0 7500000 The above analysis depicts that if the analytical procedures has not been carried out then the auditor would have been facing much difficulty and thereby giving the wrong picture of state of affairs of the company and also the financial performance of the company. In order to have further deep analysis of the analysis, following has been detailed one by one (Capital Markets Advisory Committee Meeting, 2013). The net profit of the company has been at the rate of 6.90 in the year 2013, 6.08 in the year 2014 and again 6.84 in the year of 2015. It depicts that the company has the fluctuating revenue on year on year basis or the company in order to maintain the revenue figure due to the pressure of the stakeholders. Current ratio has been sudden increased from 1.47 to 1.50. As per the background information the company is required to keep the current ratio to the minimum to 1.50 so as to enjoy the financing facility obtained from the BDO finance limited. Therefore, in this case, there may be the chances that the company might have increased the debtors or reduced the creditors so as to maintain the current ratio or also have modified the inventory valuation. Interest has been gradually increased from the year 2013 to the year 2015. Despite of increasing the interest the company has been able to earn the same net profit after tax which the company has been earning before obtaining the loan facility from the BDO Finance. The company has it made provision for doubtful debts with the very less amount detailing that the company has overvalued its debtors so as to have the better current ratio. Also the company has written back the provision for doubtful debts which again shows that the company has manipulated its debtors. The company has not made the provision for obsolete inventory which again shows that the company has manipulated with the inventory so as to have the better current ratio of 1.50 as stipulated by the BDO Finance Limited. For foreign exchange loss the auditor is required to check the transactions and the related liability according to the relevant accounting standard (Cooper, 2015). The above analysis depicts that the planning decision of the auditor will automatically gets affected and is required to consider the same while planning for the audit. Risk Factors and its Impact Following are the two inherent risk factors that have been identified during the risk assessment process: First inherent risk is of the valuation of the inventory. The company has been valuing the inventory at the Average cost basis. As per the board meeting, the company decides to change the inventory valuation on the basis of the First in First Out method. Due to this, the value of inventory which has been coming with lower amount earlier will now come with higher amount and thus, it is the inherent risk factors and may affect the risk of material misstatements at the financial reporting level (Gary, 2017). Second inherent risk is of the acquisition of the Nuclear Publishing Limited along with the patent and the copyright of medical books. As per the news article the same will become redundant after sometime due to the introduction of new theory. Thus, it may adversely affect the financial statements as the assets of the company will get deteriorated suddenly. Risk Factors Leading Fraud and its Impact Following are the two fraud risk factors which have been identified using the background information and the financial information (Weiss, 2014). With the introduction of the new software, the employees of the company are under the great pressure to get the new software implemented and made available to the company. Due to this pressure there are high chances of having the mistakes and frauds being committed at the end of the employees only. Second major risk factor that will lead to the fraud is the covenant made by the BDO Finance Limited. The company has obtained 75 millions from the BDO Finance limited with the stipulation that the company is required to maintain the current ratio of 1.50 and in case it falls below than that then the facility given to the company will be withdrawn from the immediate effect and thus the company will be at the liberty to commit the fraud and manipulate the financial statements so as to avail the facility from the BDO Finance Limited at the best possible extent. Conclusion and Recommendation The company has been in the business of printing since its inception and has been growing since its incorporation. The financial information and the background information has been analysed by the auditors by performing the analytical procedures and with the identification of the inherent risk factors and the fraud risk factors and the same have been detailed. In order to end the report the company has the sound internal control system subject to the audit observations that has been noted separately at each stage. It is recommended for the company to avoid such manipulative and fraud practices. References: ACCA, (2016), Analytical Procedures, available on https://www.accaglobal.com/vn/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/analytical-procedures.html accessed on 15-08-2017. Anastasia, (2015), Financial Statement Analysis : An Introduction available on https://www.cleverism.com/financial-statement-analysis-introduction/ accessed on 16-08-2017. Capital Markets Advisory Committee Meeting, (2013), Conceptual Framework available on https://www.ifrs.org/Meetings/MeetingDocs/Other%20Meeting/2013/March/AP%203%20conceptual%20framework.pdf accessed on 16-08-2017. Cooper S, (2015), A Tale of Prudence, available on https://www.ifrs.org/Investor-resources/Investor-perspectives-2/Documents/Prudence_Investor-Perspective_Conceptual-FW.PDF accessed on 16-08-2017. Gary S., (2017), The Importance of Inherent Risk Factors: Auditors Perceptions, Australian Accounting Review, Vol 3, Pp 38-44. Weiss D, (2014), Faithful Representation available on https://bschool.huji.ac.il/.upload/Seminars/Faithful%20Representation%20October%202014.pdf accessed on 16-08-2017..
Saturday, November 30, 2019
Two gentlemen of Verona Analysis Essay Example For Students
Two gentlemen of Verona Analysis Essay A monologue from the play by William Shakespeare PROTEUS: To leave my Julia, shall I be forsworn;To love fair Silvia, shall I be forsworn;To wrong my friend, I shall be much forsworn;And evn that powr which gave me first my oathProvokes me to this threefold perjury.Love bade me swear, and Love bids me forswear.O sweet-suggesting Love, if thou hast sinned,Teach me, thy tempted subject, to excuse it.At first I did adore a twinkling star,But now I worship a celestial sun.Unheedful vows may heedfully be broken,And he wants wit that wants resolved willTo learn his wit t exchange the bad for better.Fie, fie, unreverend tongue, to call her bad,Whose sovereignty so oft thou hast preferredWith twenty thousand soul-confirming oaths!I cannot leave to love, and yet I do;But there I leave to love where I should love.Julia I lose and Valentine I lose.If I keep them, I needs must lose myself;If I lose them, thus find I by their loss:For Valentine, myself; for Julia, Silvia.I to myself am dearer than a friend,For love is still most precious in its elf,And Silvia witness heaven that made her fair! Shows Julia but a swarthy Ethiope.I will forget that Julia is alive,Remembring that my love to her is dead,And Valentine Ill hold an enemy,Aiming at Silvia as a sweeter friend.I cannot now prove constant to myselfWithout some treachery used to Valentine.This night he meaneth with a corded ladderTo climb celestial Silvias chamber window,Myself in counsel, his competitor.Now presently Ill give her father noticeOf their disguising and pretended flight,Who, all enraged, will banish Valentine;For Thurio, he intends, shall wed his daughter.But, Valentine being gone, Ill quickly crossBy some sly trick blunt Thurios dull proceeding.Love, lend me wings to make my purpose swift,As thou hast lent me wit to plot this drift. We will write a custom essay on Two gentlemen of Verona Analysis specifically for you for only $16.38 $13.9/page Order now
Tuesday, November 26, 2019
Using Percents - Calculating Commissions
Using Percents - Calculating Commissions A percent is a value divided by 100. For example, 80% and 45% are equal to 80/100 and 45/100, respectively. Just as a percent is a portion of 100, an actual quantity is part of an unknown whole. This article focuses on using percent and proportions to solve for that unknown whole. Finding the Whole in Real Life: Commissions Real estate agents, car dealers, and pharmaceutical sales representatives earn commissions. A commission is a percentage, or part, of sales. For example, a real estate agent earns a portion of the selling price of a house that she helps a client purchase or sell. A car dealer earns a portion of the selling price of an automobile that she sells. Example: Real Estate AgentNoà « aims to earn at least $150,000 as realtor this year. He earns a 3% commission. Whats the total dollar amount of houses that he must sell to reach his goal?What do you know?Noà « will earn 3 dollars per 100;Noà « will earn 150,000 dollars per ? 3/100 150,000/xCross multiply. Hint: Write these fractions vertically to get the full understanding of cross multiplying. To cross multiply, take the first fractions numerator and multiply it by the second fractions denominator. Then take the second fractions numerator and multiply it by the first fractions denominator.3 * x 150,000 * 1003x 15,000,000Divide both sides of the equation by 3 to solve for x.3x/3 15,000,000/3x $5,000,000Verify the answer.Does 3/100 150,000/5,000,0003/100 .03150,000/5,000,000 .03 Exercises 1. Ericka, a real estate agent, specializes in leasing apartments. Her commission is 150% of her clients monthly rent. Last week, she earned $850 in commission for an apartment that she helped her client to lease. How much is the monthly rent? 2. Ericka wants $2,500 for each leasing transaction. For each transaction, she earns 150% of her clients monthly rent. How much must her clients rent be for her to earn $2,500? 3. Pierre, an art dealer, earns 25% commission of the dollar value of the art pieces that he sells at the Bizzell Gallery. Pierre earns $10,800 this month. What is the total dollar value of the art that he sells? 4. Alexandria, a car dealer, earns 40% commission of her luxury vehicles sales. Last year, her salary was $480,000. What was the total dollar amount of her sales last year? 5. Henry is an agent for movie stars. He earns 10% of his clientsââ¬â¢ salaries. If he made $72,000 last year, how much did he clients make in all? 6. Alejandro, a pharmaceutical sales representative, sells statins for a drugmaker. He earns a 12% commission of the total sales of the statins that he sells to hospitals. If he earned $60,000 in commissions, what was the total dollar value of the drugs that he sold?
Friday, November 22, 2019
Show Tables Command in SQL
Show Tables Command in SQL MySQL is open-source relational database management software that website owners and others use to organize and retrieve data from databases. A database consists of one or more tables with several columns, each containing information. In relational databases, the tables can cross-reference one another. If you run a website and use MySQL, you may need to view a complete list of tables in the database. Using the MySQL Command Line Client Connect to your web server and log in to your database. Pick the database you want to use if you have more than one. In this example, the database is named Pizza Store. $ mysql -u root -pmysql USE pizza_store; Now use the MySQL SHOW TABLES command to list the tables in the chosen database. mysql SHOW TABLES; This command returns a list of all the tables in the chosen database. MySQL Tips Every MySQL command ends with a semicolon. If it is missing, the command does not execute.The MySQL command line is not case sensitive, but commands are usually written in uppercase, whileà tables, databases, usernames, and text are usually in lowercase to make them easier to identify. When to Use a Database A database is a structured collection of data. Occasions when a databaseà might come in handy when you are working on your website include: If you have an online store, a database stores the products you sell, the customer information, and the orders.A database for an online forum stores member names, forums, topics, and posts.A blog uses a database to store blog posts, categories, comments, and tags. WhyUse MySQL Because it is open-source software, it is free to everybody.MySQL can be installed on lots of different platforms.MySQL is usually included in most web-hosting packages.Its easy to use.It works well with PHP to add functionality to your website.
Thursday, November 21, 2019
Business Models On theWeb Essay Example | Topics and Well Written Essays - 1000 words - 1
Business Models On theWeb - Essay Example This is because it avails diverse products and services, which enable customers to make choices that best suit their needs. Additionally, digital marketing reduces the chances of consumer exploitation, since consumers are not restricted with regard to the products or services to use. This video reveals that there are several tools that can be used for digital marketing; therefore, organizations ought to choose a tool depending on the target group, for example social networks and videos among others. Presently in digital marketing, the best tools have proved to be social networks, recorded videos and e-mails. These tools have helped to promote digital marketing because they are widely used by consumers as information tools. According to this video, in the contemporary society, most people spend a lot of time online due to availability of internet services, which favors digital marketing. The number of people communicating with friends has increased due to internet use. This has been possible by the existence of online social sites. Increased internet use has therefore promoted online businesses because companies can now easily have their products and services accessed. At the same time, digital markets have enabled customers to have easy access to information on products and services information, thus they can make informed choices. Digital markets also increase marketing efficiency of firms and companies as people from different geographical locations can be reached at the same time. The need for new business models is rising due to continuous digitization of the business world. A digital business model basically describes how companies digitally interact with customers to generate revenue. Firms should therefore develop effective digital business models with good content and realistic customer experience. The best business model should challenge the current marketing models. This article states that business models on the web are widely
Tuesday, November 19, 2019
3D printer Lab Report Example | Topics and Well Written Essays - 250 words
3D printer - Lab Report Example There are several accessories required to use the equipment in the lab. An advanced slicing engine, the algorithm that directs a MakerBot Replicator, powers the machine. The materials used determine the product, but it is essential to understand the software and other computer applications that are required for the model before printing (3D Creation Lab). One also needs to select an appropriate polymer or business papers if one needs a durable prototype. The process for 3D printing is a lengthy process, but in the end, it turns digital designs into realism. It involves laying successive layers of materials using a computer, in an additive process that continues until one reaches the desired product in terms of geometry and shape. A computer aided design (CAD) package is used to design a model before the printing process (3D Creation Lab). After examining the design for manifold errors, one converts the model into thin layers, which designers tailor according to the type of printer. An inkjet printer head sets down material onto a powder bed in succession, through processes such as extrusion and
Saturday, November 16, 2019
Consumer Questionnaire for Soft Drinks Essay Example for Free
Consumer Questionnaire for Soft Drinks Essay 1. What is your monthly budget for consumption of drinks? Ans- Around Rs 300. 2 . Are you satisfied with the drinks available to you in the market? Ans- Yes, although different flavours would be appreciated, along with aerated fruit drinks. 3. Do you find the price range of these drinks to be appropriate? what is yan approximation of an ideal prioce? Ans- Not really. As it exceeds the budget if you generally eat out more than twice a week as is the case with most people. Rs 15 for 200 ml 4. Are you willing to make changes to your existing choice of product? what would u like to see in a drink? Ans- Yes, if a new product with my requirements is available. Less sugar , less preservatives natural, no preservatives colour calories etc 5. What more do you expect from your drink manufacturer that can help you to derive maximum satisfaction? Ans-Healthier drinks are more appreciated as opposed to sugar filled carbonated drinks. Also the pricing can be changed to make it better for consumers to buy on a regular basis. QUESTIONNAIRE FOR RETAILERS- MORE MANAGER, SADAKAT PEERZADE. 1. What is your approximate profits from the sale of Soft drinks per month? Ans- turnover Around 1-2 lakhs, about 2-3 % . 2. Are you willing to take up promotional activities for a new range of products in this line? What kind? Ans- yes if the product is up to the standards we require and we get some incentives. 3. What is the feedback received from the consumers regarding the available products? Ans- Customers wanted more healthy options, drinks with less sugar, the most popular being Real fruit juices. 4. Do the existing manufacturer provide you assistance for the marketing of their products? Ans-Yes such as discounts on products and special offers offering extra quantity at the same price. Coupon booklets are also used along with leaflets. 5. Do you suggest any changes in the Marketing/Distribution system which can help to save cost? Ans- Providing more coolers and other storage facilities for stock to ensure better distribution. Also better packaging, quick deliveries so extra stock need not be kept. Free samples.
Thursday, November 14, 2019
The Great Gatsby Essay -- Great Gatsby Fitzgerald Papers
The Great Gatsby The Great Gatsby belongs to what Harold Bloom tags the ââ¬Å"tombâ⬠of literary archetypes, a family of fiction that espouses every facet of the expressive use of language (everything from Shakespeareââ¬â¢s plays to Dickensââ¬â¢ prose). As a participant in this tomb, The Great Gatsby has adopted a convenient persona in the world of twentieth century literature as ââ¬Å"the great American novel,â⬠a work that embodies the American thematic ideals of the self-made man, the great American characterââ¬âJay Gatsby. In its infancy, the novel received only a taste of the ââ¬Å"epic grandeurâ⬠that it would later accumulate. Snubbed by certain critics for its all-too-perfect design and shrugged aside by the popular masses, The Great Gatsby was a feat of fiction that, in its time, never knew its fame. The Roots of a Novel: In the Spring of 1924, The Fitzgeralds left for France. There, F. Scott Fitzgerald hoped to indulge his literary appetite without distraction. He wrote The Great Gatsby during the summer and fall in Valescure near St. Raphael, having conceived the story much before then. (Matthew J. Bruccoli considers the final draft the product of a three-year process of evolution that included revisions at a stage when most other writers are finished with their work.) During the winter of 1924-25, The Fitzgeralds traveled to Rome to revise the novel. They were on en route to Paris when it was first published on April 10, 1925. Commercially, the novel was a huge disappointment. The first printing of 20,870 copies at 2 dollars a piece sold slowly, exploding any hopes of reaching Fitzgeraldââ¬â¢s desired 75,000 mark. A second printing of 3,000 copies was ordered in Augustââ¬âmany ... ...ribner Paperback Fiction : Simon and Schuster; New York; 1992; Pg. 202. [2] Scribner III, Pg. 203). [3] Bruccoli, Pg. 221. [4] http://people.brandeis.edu/~teuber/fitzgeraldbio.html [5] Bruccoli, Pg. 2221. [6] Mencken, H. L.; My Life As Author and Editor; Alfred A. Knopf; New York; 1993, Pg. 260. [7] Bruccoli, Matthew J.; Some Sort of Epic Grandeur: The Life of F. Scott Fitzgerald; Harcourt Brace Jovanovich, Publishers; New York; 1981; Pg. 221. [8] Bruccoli; Pg. 221. [9] Bruccoli; Pg. 221. [10] Bruccoli, Pg. 220. [11] Bruccoli, Pg. 220. [12] Bruccoli, Pg. 221-222. [13] Scribner III; Pg. 204. [14] Bruccoli, Pg. 494. [15] Bruccoli, Pg. 494. [16] Bruccoli, Pg. 494. [17] Bruccoli, Matthew J.; The Great Gatsby : ââ¬Å"Prefaceâ⬠; Scribner Paperback Fiction : Simon and Schuster; New York; 1992; Pg. ix. [18] Scribner III, Pg. 204. The Great Gatsby Essay -- Great Gatsby Fitzgerald Papers The Great Gatsby The Great Gatsby belongs to what Harold Bloom tags the ââ¬Å"tombâ⬠of literary archetypes, a family of fiction that espouses every facet of the expressive use of language (everything from Shakespeareââ¬â¢s plays to Dickensââ¬â¢ prose). As a participant in this tomb, The Great Gatsby has adopted a convenient persona in the world of twentieth century literature as ââ¬Å"the great American novel,â⬠a work that embodies the American thematic ideals of the self-made man, the great American characterââ¬âJay Gatsby. In its infancy, the novel received only a taste of the ââ¬Å"epic grandeurâ⬠that it would later accumulate. Snubbed by certain critics for its all-too-perfect design and shrugged aside by the popular masses, The Great Gatsby was a feat of fiction that, in its time, never knew its fame. The Roots of a Novel: In the Spring of 1924, The Fitzgeralds left for France. There, F. Scott Fitzgerald hoped to indulge his literary appetite without distraction. He wrote The Great Gatsby during the summer and fall in Valescure near St. Raphael, having conceived the story much before then. (Matthew J. Bruccoli considers the final draft the product of a three-year process of evolution that included revisions at a stage when most other writers are finished with their work.) During the winter of 1924-25, The Fitzgeralds traveled to Rome to revise the novel. They were on en route to Paris when it was first published on April 10, 1925. Commercially, the novel was a huge disappointment. The first printing of 20,870 copies at 2 dollars a piece sold slowly, exploding any hopes of reaching Fitzgeraldââ¬â¢s desired 75,000 mark. A second printing of 3,000 copies was ordered in Augustââ¬âmany ... ...ribner Paperback Fiction : Simon and Schuster; New York; 1992; Pg. 202. [2] Scribner III, Pg. 203). [3] Bruccoli, Pg. 221. [4] http://people.brandeis.edu/~teuber/fitzgeraldbio.html [5] Bruccoli, Pg. 2221. [6] Mencken, H. L.; My Life As Author and Editor; Alfred A. Knopf; New York; 1993, Pg. 260. [7] Bruccoli, Matthew J.; Some Sort of Epic Grandeur: The Life of F. Scott Fitzgerald; Harcourt Brace Jovanovich, Publishers; New York; 1981; Pg. 221. [8] Bruccoli; Pg. 221. [9] Bruccoli; Pg. 221. [10] Bruccoli, Pg. 220. [11] Bruccoli, Pg. 220. [12] Bruccoli, Pg. 221-222. [13] Scribner III; Pg. 204. [14] Bruccoli, Pg. 494. [15] Bruccoli, Pg. 494. [16] Bruccoli, Pg. 494. [17] Bruccoli, Matthew J.; The Great Gatsby : ââ¬Å"Prefaceâ⬠; Scribner Paperback Fiction : Simon and Schuster; New York; 1992; Pg. ix. [18] Scribner III, Pg. 204.
Monday, November 11, 2019
AHIMA Professional Code of Ethics
The ââ¬Å"American Health Information Management Association or AHIMAâ⬠for short has several reasons for developing a Code of Ethics (American.., 2004). This started from the premise that the ââ¬Å"Health Information Managementâ⬠has the commitment and responsibility of displaying acts which mirror ââ¬Å"values, ethical principles, as well as, ethical guidelinesâ⬠(American.., 2004).The Code of Ethics created by the ââ¬Å"American Health Information Management Associationâ⬠carries out or implements the aforementioned values and ethical principles to direct or motivate the proper behavior (American.., 2004).The Code of Ethics prepared by the ââ¬Å"American Health Information Management Associationâ⬠is essential and applicable to all the members of the aforementioned, as well as, those ââ¬Å"Health Information Managementâ⬠professionals and students who were given such credentials whatever tasks & functions they are assigned to; no matter where th e location theyââ¬â¢re at; and whatsoever race they serve (American.., 2004).Explaining further, the ââ¬Å"American Health Information Management Associationâ⬠has six specific reasons for developing the aforementioned Code of Ethics and these are the following:First of all, it categorizes the morals on which the ââ¬Å"Health Information Managementâ⬠is founded upon (American.., 2004).Second, it goes over the main points of the extensive moral principles that mirror the professionââ¬â¢s core ideals, as well as, institute a collection of decent philosophies to be utilized as a guiding light in coming up with decisions and actions called for by the occurrence of critical situations (American.., 2004).Third, it lends a hand to ââ¬Å"Health Information Managementâ⬠professional pinpoint essential deliberations or reflections in instances where responsibilities conflict or when hesitations based on ethics comes up (American.., 2004).Fourth, it serves as a set of r ules for the ââ¬Å"Health Information Managementâ⬠professional to be held responsible if itââ¬â¢s called for by the people or the public (American.., 2004).Fifth, it plays the role of getting together practitioners who are not familiar to the ââ¬Å"mission, values, as well as, ethical principlesâ⬠of the ââ¬Å"Health Information Managementâ⬠(American.., 2004).Last but not least, it is for the purpose of the ââ¬Å"Health Information Managementâ⬠professional to personally evaluate himself or herself in a situation wherein, he or she feels that he may have engaged in an immoral or dishonorable act (American.., 2004).Importance of Adhering to Professional Code of EthicsIt is very important to adhere to the Code of Ethics. Allow me reiterate further on its importance by specifically stating the reasons for it:Without a Code of Ethics, they will not be able to know their responsibilities (American.., 2004).à Of course, if members are not familiar with it:1 ) they will not have the capacity to uphold the aforementioned principles stated in the Code of Ethics;2) they will not be able to remember to carry out any good conduct stipulated in the Code of Ethics;3) they will not be able to maintain a healthy competition within the organization;4) they will not be able to get rid of the possible occurrence of exploitation of professional relationships;5) they cannot ââ¬Å"further the interests of their professionâ⬠;6) they will not be able to respect and trust their co-professionals;7) most likely, they will not be able to improve or develop the pride and distinction of the profession through encouraging individual acts;8) they will not have any reason of abstaining from engaging in activities that may disgrace or degrade the integrity of their co-professional or the profession itself;9) they may not avoid using their profession or membership to a certain group to advance or support products and services that do not have anything to do with their profession;10) they will have a reason not to be truthful to their professional communications that may consequently lead to undesirable and irrational effects; 11) and so on and so forth (American.., 2004).In addition to that, with the absence of a Code of Ethics, professional members would have more reason to act in a manner that is unacceptable, dishonorable or moral (American.., 2004).This is because they would think that no Ethics Committee will punish them for it anyway (American.., 2004). They will have the courage to do whatever they want since nobody will be there to file a complaint against them, nobody will assess if the complaint is valid or not, nobody will recommend censure, probation, suspension, and especially suspension (American.., 2004).
Saturday, November 9, 2019
Role of Financial Institutions in the Global Economy
Globalization has sparked a revolution in information and communication technology, resulting in the emergence of an era that boasts the arrival of new levels of global interconnectedness. As a result, globalization has also increased the significance of the many different roles that financial institutions play in the overall global economy. Financial institutions can play several roles, ranging from operating as a simple method of savings, to functioning as an important revitalization source in a low-income community. This paper will explain the general role of financial institutions in the global economy, will touch on more significant individual roles, and discuss the overall role of international financial institutions. Research indicates that a financial institutions' role as an intermediary is clearest in the credit and deposit business (Krayer, 2002). The usual function involves clients bringing to the bank their savings, or money which the bank transfers to its credit clients in the form of loans. In the loan instance, a borrower's credit rating may change during the life of a loan, thereby changing the value of the loan at that point in time, which reflects the interest and amortization payments expected in the future (Krayer, 2002). In some cases, credits may even become entirely worthless if borrowers become insolvent and bankrupt (Krayer, 2002). Another function which banks perform within an economy is rating and selecting the loans they finance. Through their activities as an agent, another essential function performed by banks is to reduce risks overall (Krayer, 2002). In this way, the general role of banks is to undertake and provide specific products or services. Financial institutions also play an additional role within an economy by granting loans, processing payments, accepting deposits, and carrying out investments. Through these activities, banks create added value for their clients, employees, service providers and shareholders. As a result, there is a significant amount of potential damage were a bank to collapse. Thus, the economic benefits generated by a bank are basically no different from the economic benefits generated by a doctor, teacher or train driver: by exercising, to the best of their knowledge and abilities, their specialist function in competition with others, companies and their employees make their contribution to economic benefit (Krayer, 2002). Research indicates that bankers act responsibly when they ensure that their house is in order and resist the temptation to pass off poor financial performance as a contribution to the economy (Krayer, 2002). Larger financial institutions play an additional role than just that of providing typical banking services. Financial institutions can form the core of economic development in a low-income community. For example, the World Bank's focus is on project lending and structural reforms that enhance long-run development and poverty alleviation (Stiglitz, 1998). The role of the World Bank in the global economy is to address pressing issues such as weak financial sectors, lack of transparency and poor governance in the corporate sectors, and weaknesses in external liability management will help restore confidence among foreign and domestic investors (Stiglitz, 1998). In this way, the World Bank acts to reactivate poor economies and thus to protect and extend social and economic achievements. In poorer countries, the World Bank appears to operate in coordination with the government as it steps in and fills the income-security gap that is left by companies closing and workers losing their jobs. Over the longer term, the World Bank will be working with countries to help them design modern, durable social safety nets that complement their other structural reforms (Stiglitz, 1998). Finally, as illustrated above, the role of financial institutions is very diverse, as communities depend on them for basic transactions such as savings and loans. In the larger view, however, banks operate as the financial support of an economy, the stabilization of which the community depends on.
Thursday, November 7, 2019
Jahind Davis Essays - Physics, Electromagnetism, Chemistry
Jahind Davis Essays - Physics, Electromagnetism, Chemistry Jahind Davis Joseph John Thomson was born in 1856 in Cheetham Hill, Manchester, England. His mother, Emma Swindells, came from a local textile family. His father, Joseph James Thomson, ran an antiquarian bookshop founded by a great-grandfather. He had a brother two years younger than him, Frederick Vernon Thomson. His early education was in small private schools where he demonstrated great talent and interest in science. In 1870 he was admitted to Owens College at the unusually young age of 14. His parents planned to enroll him as an apprentice engineer to Sharp- Stewart & Co, a locomotive manufacturer, but these plans were cut short when his father died in 1873. He moved on to Trinity College, Cambridge in 1876. In 1880, he obtained his BA in mathematics (Second Wrangler and 2nd Smith's Prize) and MA (with Adams Prize) in 1883. In 1884 he became Cavendish Professor of Physics. One of his students was Ernest Rutherford, who later succeeded him in the post. In 1890 he married Rose Elisabeth Paget, daughter of Sir George Edward Paget, KCB, a physician and then Regius Professor of Physic at Cambridge. They had one son, George Paget Thomson, and one daughter, Joan Paget Thomson. One of Thomson's greatest contributions to modern science was in his role as a highly gifted teacher: seven of his research assistants and his son won Nobel Prizes in physics. His son won the Nobel Prize in 1937 for proving the wavelike properties of electrons. He was awarded a Nobel Prize in 1906, "in recognition of the great merits of his theoretical and experimental investigations on the conduction of electricity by gases." He was knighted in 1908 and appointed to the Order of Merit in 1912. In 1914 he gave the Romanes Lecture in Oxford on "The atomic theory". In 1918 he became Master of Trinity College, Cambridge, where he remained until his death. He died on 30 August 1940 and was buried in Westminster Abbey, close to Sir Isaac Newton. Thomson was elected a Fellow of the Royal Society on 12 June 1884 and was President of the Royal Society from 1915 to 1920. (1) J.J. Thomson's Atomic Model and Theory Thomson discovered the electron in the year 1897. His work put forward a new theory, that atom was made up of small particles.Thus he discovered the electrons. He proved his theory using the cathode ray tube. Scientists had already done many experiments to find the structure of the atom. They passed an electric current through a vacuum tube. They saw a light glowing inside the tube. It travelled in a straight line. They could not explain the phenomenon. Thomson did more experiments on the cathode tube. He placed two electric plates on its path. One was positively charged. The other was negatively charged. The glowing light bent towards the positively charged plate.and found that the glowing materials bent towards the positively charged plate. He found out that the glowing light were smaller particles. They were smaller than the atom. Thus Thomson found the particle called electron. Thus J.J.Thomson's atomic theory was found. Thomson suggested that the electrons came out ofthe trace gas that was inside the cathode tube. Thus a new theory that atoms were made of tiny particles surfaced. Thomson discovered the electrons and it was proved that atoms were made up of protons, electrons and neutrons. Thus Thomson proved that the atom was divisible. Since the atom was neutral, Thomson suggested that the negatively charged electron equalled the positively charged proton and neutrons had no charges.Thomson suggested to consider the atom as a sphere. It has positively charged particles. The positively charged particles is surrounded by the negatively charged electons. The electrons were placed there due to electrostatic forces. (2) What is a Cathode Ray Tube? Even without consciously realizing it, most of us are already aware of what a cathode ray tube is. Look at any glowing neon sign or any 'old-fashioned' television set, and you are looking at the modern descendants of the cathode ray tube. Physicists in the 19th century found out that if they constructed a glass tube with wires inserted in both ends, and pumped out as much of the air as
Tuesday, November 5, 2019
Common Dorm Costs for College Students
Common Dorm Costs for College Students Living in the residence halls during your time in college often means you can avoid the hassle of having to pay rent every month, deal with a landlord, and budget for utilities. There are still, however, lots of costs that come with living in the dorms. Keep in mind that, as a student living in on-campus housing, there are actually a lot of expenses you have control over. Sure, you may be required to purchase a meal plan, but you can purchase the smallest one possible and keep some snacks in your room for when youre hungry. Additionally, if you take care of your room during the year, you wont face unexpected charges for cleaning or damage repairs when you check out. Lastly, taking good care of yourself - e.g., finding time to exercise, getting enough sleep, and eating well - can help eliminate unexpected costs on things like doctors appointments or medications. Below is a sample budget for a student living on-campus during their time in school. Your costs may be higher or lower depending on where you live, your personal choices, and your lifestyle. Consider the budget below a sample that you can revise as needed for your own individual situation. Additionally, some line items in this sample budget can be added or subtracted as needed. (Your cell phone bill, for example, may be much larger - or smaller - than listed here, depending on your needs as well as your budget.) And some items, like transportation, may be vastly different depending on how you get to campus as well as how far away from home your school is. The nice thing about budgets, even if youre living in a residence hall, is that they can be reworked until they fit your own unique needs. So if something isnt quite working out, try moving things around until the numbers add up in your favor. Common Dorm Costs for College Students Food (snacks in room, pizza delivery) $40/month Clothes $20/month Personal items (soap, razors, deodorant, make-up, laundry soap) $15/month Cell phone $80/month Entertainment (going to clubs, seeing movies) $20/month Books $800-$1000/semester School supplies (paper for printer, jump drive, pens, printer cartridges) $65/semester Transportation (bike lock, bus pass, gas if you have a car) $250/semester Travel (trips home during breaks and holidays) $400/semester Prescriptions, over-the-counter medicines, first-aid kit $125/semester Miscellaneous (computer repair, new bike tires) $150/semester
Saturday, November 2, 2019
Engineering application - Marketing Essay Example | Topics and Well Written Essays - 1000 words
Engineering application - Marketing - Essay Example Information technology enabled adequate programming of the speed and the direction that the hover board travels in. Since innovation, the safety, convenience and comfort of the technology have been assured through numerous scientific tests. The marketing plan also strives to increase the sales of the hover boards among the targeted market. The company aims at achieving 500% increase in sales in the financial year 2015/2016. The expected market share target in this the 2015/2016 trading period is 10% of the international human transportation market. The financial value of the marketing plan involves enhancing the sales revenue and the profitability levels of the company. The enhanced financial value has the beneficial effect of improving shareholder returns, and financial new production system that creates more superior products for the future transportation market. The desired trading period sales turnover is USD 100 million, and the expected profit level is USD 30 million. The improved products and services for the hoover boards illustrated by the marketing plan are enhanced entertainment and protection features such as automatic stereo systems, comfort features, and superior safety products. The desired timescale of achieving the marketing results is just on trading period, 2015/2016. The marketing project will use a budget of USD 50 million. The company will experience several consequences if the marketing plan is not implemented. A major negative consequence is that publicity will be minimal; hence, the target customer base will not understand features of the product. Positive aspect of not implementing the plan entails making savings on the bu dgeted amount (USD 70 million) for the marketing project. The marketing plan aims at illustrating the marketing strategies adopted by the company (Future Technologies), for the new technology product referred to as hover boards. The strategies are further analyzed in terms
Thursday, October 31, 2019
Title- International Social Work. Question- How does the social Essay
Title- International Social Work. Question- How does the social construction of childhood inform and affect international child protection measures - Essay Example It is on account of these reasons that the international communities and organizations have taken active interest in promoting and protecting the interests and well-being of young children through introduction of effective laws. The UN Convention on the Rights of Child (CRC) is one such international body that seeks protection of children exposed to adversity and has included it as one of their key agendas. The child protection and welfare organizations have, over the years, actively supported and fought for safeguarding young children from intolerable conditions. They argued that a child comes into the world defenceless in the face of an aggressive and violent society and that he is the first to suffer the terrible consequences of famine, war and socioeconomic crisis (qtd. in James, 1997, pp. 191). Hence in order to uphold the moral and ethical values international agencies such as The International Union for Child Welfare, Defence for Children International, UNCRC etc seek the protection of such vulnerable groups in the society. This paper on international social work seeks to understand, assess and explore the role and impact of the concept of ââ¬Ësocial construction of childhoodââ¬â¢ in the framin g of international child protection laws. The term social construction refers to the idea / notion that has been created by society. Sociologists argue that childhood is a socially constructed phenomenon since it varies across cultures and does not conform to any form of universal standard or definition. This is mainly because what is considered deviant behaviour in one culture may be considered completely normal and acceptable in another thus implying that the concept of childhood is more of a socially constructed term rather than a natural biological phase. According to Aries (1973) the concept of childhood did not exist in the middle ages (qtd. in Hunt, 2005). It is also argued
Tuesday, October 29, 2019
Compare and Contrast Research Essay on Oedipus Rex
Compare and Contrast Research on Oedipus Rex - Essay Example It is dramatic irony that the residents are seeking the solution to the problem from the one person causing their suffering by killing his predecessor king Laius. Both the residents and king Oedipus are privy of this fact. Dramatic irony is an aspect of style used in literary analysis in which the words as well as the actions of the characters in a given work of literature portray a different meaning for the reader than they do for the characters themselves. The situation arises when the reader seem to have a wider knowledge than the characters in the story. It can further be defined as a dramatic effect in which the audience is lead to develop an understanding of an incongruity that exist between a given situation and the accompanying speeches while the characters in the play are completely not aware of the incongruity. Dramatic irony comes when the old prophet, Tiresias is summoned by the king; Oedipus ridicules him because he is blind. The audience understands that Oedipus is blind to the truth. Tiresias in a fit of anger tells Oedipus that though he can see he is ââ¬Å"blindâ⬠to the truth. When Oedipus becomes blind, he finally realizes the truth of what Tiresias had told him. The dramatic irony is that it is actually the blind man who sees in mocking Tiresias, Oedipus calls Tiresias ââ¬Å"shameless and brainless, sightless, senseless sot. It is ironical when Oedipus calls the old man shameless when he is actually the one who is shameless for killing his father, inheriting his throne and marrying his own mother. When he vows not to stop until he finds and punishes Laiusââ¬â¢ killer he says: ââ¬Å"Now, since I am ruler and holds this kingdom that he held before- holding also the bed and wife we have both sown; and children of the same mother would have been born to us, had his line no t been ill-fated-since chance (270) has driven me into that oneââ¬â¢s powers, therefore I shall
Sunday, October 27, 2019
The Formation Of Multinational Enterprises
The Formation Of Multinational Enterprises Firms or particularly Multinational companies (MNC) as part of their functioning cannot remain static. They have to break boundaries both in the geographical sense as well as economical sense, to actualize the opportunities in the new markets and emerge successful. As the name indicates, MNCs are Multinational companies, which operate in multi-nations as part of the internationalizations strategy, and thus are being influenced by various factors. That is, with every firms wanting to expand their geographical reach and make an imprint in various markets, there will be enough opportunities for it, to initiate an entry into a foreign market. To initiate and actualize the entry, organisations become Multinational firms. Thus, firms which want to successfully tap the opportunities, brought on by various factors including globalisation, in foreign countries become Multinational companies. To tap those opportunities, firms have to initiate country specific strategies from the recruitment st age to the recruitment stage, thereby fully evolving and actualizing into MNCs. MNCs are organisations that have substantial direct investment in foreign countries and actively manage those operations and regard those operations as integral parts of the company both strategically and organizationally. (Barlett, Ghoshal Beamish 2008, p. 2) MNCs have to set targets and formulate various strategies according to the situation prevailing in those foreign markets. As every foreign market or country will have different political, social, economic conditions as well as different customers, competitors, prospective employees, etc, etc, there will be many opportunities as well as challenges, which will block the firms success. Thus, these factors could influence the practices of MNCs, thus enabling the firm to become a complete MNC. Initial factors that lead to the formation of multinational businesses Nations and its firms have been engaged in doing business with other nations and firms in order to get profits and cultivate their economies. Although this form of trade is going for centuries, certain countries in certain period of time have imposed restrictions on this international trade. That is, these nations due to one reason or other actualized a protectionist regime, thereby blocking foreign companies to enter and do business in their territory. However, with the advent of globalization and the liberalization of the WTO regimes, this protectionist regime gave away to the regime of free trade, thus leading to the formation and proliferation of MNCs. Many countries have opened up their economies as part of Free Trade with globalization acting as the catalyst. In literal meaning Globalization is defined as a collective alteration, an elevated association between various societies and their fundamentals because of the transculturation, the explosive advancement of communication and transportation technologies to assist an exchange of global economy and culture. The arrangement of a global community in such a way there is an immense contact linking various parts of the globe, with elevating potential of individual switch over, communal understanding and companionship among world citizens, thereby leading to economic cooperation. When one looks at the economic or financial part of globalization, it is clear that globalization has given liberty to the business to initiate an entry into various prospective markets, based on the Free Trade regimes of the entering countries, thus leading to the formation of MNCs. The main strength of Free Trade is that, it puts forward the notion that minimalistic state role or intervention resulted in better eco nomy and importantly better society. That is, with greater role for private sector and importantly entrepreneurial role for individuals, it will be a breeding ground for MNCs. Free trade proposes that human well-being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free markets, and importantly free trade (Harvey, 2001, p.2). Globalisations role in MNC formation Among the many economic based movements, globalisation is the one which had and is still having major impact on the economic development of many countries and its people worldwide. The word globalisation marks a set of transitions in the global political economy since the 1970s, in which multinational forms of capitalist organisation began to be replaced by transnational (Appadurai, cited in Meyer and Geschiere 1999, p. 307). Economic part of globalisation is the key because with the whole world becoming a kind of global village, barriers between the countries are broken with integration happening mainly in the economic aspects. In this scenario, foreign organisations, using the globalisation plank, have entered and will also enter various sectors of the businesses leading to the establishment of many MNCs. Globalization is widely seen to be the dominant tendency of our time. It is a shorthand expression for a variety of processes encompassing worldwide integration of financial syste ms, trade liberalization, deregulation and market opening (Mathews 2006, p. 6) With these MNCs providing good employment and the resultant good development, people of those countries have became financially stable and are going in search of material comforts, causing impacts on social change. From earlier times, many Third World countries including Asian and African countries only indulged in agriculture for their livelihood. However, with the onset of globalization and the opening up their markets as Free Trade regimes, these countries and their governments started to focus on industrial development, by improving their own industries and importantly by facilitating entry of foreign companies. Thus, globalization and the resultant Free Trade turned out to be a great boon for the formation and the development of MNCs. These countries as part of their Free Trade regimes opened up their markets and enticed the foreign companies with a slew of beneficial financial and social schemes. The other reason why MNCs are further welcomed by the foreign countries leading to further evolution is the need for economic development, as there is still major portion of population living in abject poverty. Despite formidable strides in poverty reductionAccording to World Bank calculations, out of a total 2.3 billion people in China and India, roughly 1.5 billion earn less than US$2 a day. Only rapid economic growth can hit them out of abject poverty (Aslam). So, it is clear that the current economic growth will be sustained and even accelerated by these countries by welcoming MNCs in a more optimal manner. As a sizeable portion of good profits reached the local employees, thereby improving their economic standing and also optimizing countrys economy, MNCs can become a common phenomenon. Although, there are some opposition to MNCs on the grounds that it severely affects the indigenous firms, people has started to realise that MNCs are not the culprit. Loss of customers and market share, happens mainly due to the inability of the local businesses, however they wrongly fear that large multinationals would drive them into extinction and cripple domestic entrepreneurship. (Bhagwati 2004, p.181). So, this globalization and the resultant industrial and financial optimization are welcomed by majority of the people, with the government of these countries also taking maximum initiatives to support MNCs. Factors during Recruitment process that aids MNCs formation One of the main factors which play a key role in the formation of the MNCs is the workforce. That is, MNCs will normally put more focus during. Optimal recruitment function will only provide constant availability of effective employees. This recruitment function in a MNC will be quite different from the recruitment in a national firm, with regional factors being the strong criterion. National or indigenous firms will normally be established by recruiting the sons and the daughters, that is, citizens of a particular country, while MNCs will have a mix of employees from many countries taking into account both the national and regional factors. In MNCs, the employees will be recruited mainly from the local population, thus giving the firms a multinational outlook. Recruitment of these diverse local or regional workers under the concepts of IRHM will be a common feature in MNC. That is, MNC will be consisted of employees from three national or country categories, when they are recruited to fulfil the various needs of the MNC. The employees from the parent country where the firm is usually headquartered or based (or came from) are called Parent Country nationals (PCNs). The employees from the host country where a subsidiary or MNC may be located are called host country nationals (HCNs). Finally, there will be third or other countries which may be the source of labor, finance, research and development, and the employees from these countries are called third country nationals (TCNs) (Scullion Collings 2006). Among these three groups of workers, MNCs will be duty bound and also logically recruit the first two groups of workers and thus will become an MNC in actual sense of the word. This recruitment process, apart from complying with the unwritten rule of giving maximum employment to the local population, will also benefit the MNC in many ways. That is, apart from elevating the organisations image in the eyes of the local population, it will also provide them with sur plus and at times cheap labour. Thus, MNC by recruiting HCNs as part of regional factors can achieve two targets in one single action. Conclusion With globalisation making both positive and negative impacts, multinational businesses with sound business strategies should have surmount the challenges. Unison of humans into a team, with an urge to usher the organisation into a successful territory will actualize, only if the workers show optimum functionality. But, as a kind of cycle, only if apt, qualified, equipped workers are recruited, they could exhibit optimum functionality. For that, as discussed in this paper, the staffing process of the organisations has to be optimum. That is, when it comes to Multinational companies stationed or located in foreign lands, all the organisational processes have to be implemented in an effective manner based on the various influencing factors.
Friday, October 25, 2019
Hunger Of Memory Essay -- essays research papers
The theme of separation is an important development in the novels Hunger of Memory and How the Garcia Girls lost their Accent. The novels deal with separation differently. For Hunger of Memory by Richard Rodriguez, the separation allows Richard to move from the private world to the public world. Here, separation is a movement for a solution, which is citizenship. In How the Garcia Girls Lost their Accent by Julia Alvarez, the separation is an effect from Antojo. Richard Rodriguez immediately recognizes the separations in his early life. He considers the inside of his house to be private and the outside of his house to be public. His family and the Spanish language belong to his private society. It contains a feeling of intimacy and a sense of belonging. The los gringos, school and the English language are associated with the pubic society. Several other kinds of separation emerge from this separation of public and private society. There are separations of sound and word, female and male, and reason and affection. Richard believes it is natural to move from one separation into another. He needs to do this in order to move from the private to the public society. This movement is voluntary by Richard and forced by his parents. It is done to help Richard’s education. It will give him better opportunities in the United States. Speaking only English at home initiates the movement, instead of speaking Spanish. Ultimately, Richard can have a sense of belonging to the pu...
Thursday, October 24, 2019
Aspect Of Contract And Negligence For Business
Abstract This paper is focused on providing information about important principles of contract and negligence for business. The first part of the paper discusses the specificity of contract law by emphasising details from two case studies: East Midlands Airways Airbus and a case of the supply of mobile phones. The second part of the paper provides information about principles of tort law, as initially liability in tort is contrasted with contractual liability. The emphasis in the second part is on negligence for business, with reference to the case study of Kingââ¬â¢s Restaurant and a case involving Angelina and Christian Auctioneers.IntroductionIn the area of law, numerous aspects should be given importance. The issue of contract and negligence for business has received substantial attention in the field of legal practice. This paper is divided into two major parts covering issues from contract law and tort law (Elliott and Quinn, 2003). In the first part of the paper, the focus is on ide ntifying major elements for the formation of a valid contract as well as assessing the impacts of different types of contracts. There are two main case studies involved, respectively East Midlands Airways Airbus and the supply of mobile phones. In the part on tort law, liability in tort is contrasted with contractual liability through providing relevant examples from a case study of Kingââ¬â¢s Restaurant and a case of Angelina and Christian Auctioneers (Horsey and Rackley, 2011).Contract LawLegal ElementsIn the case study of East Midlands Airways (EMA) Airbus, it is important to identify essential legal elements for the formation of a valid contract. There are certain major elements that indicate the legal bonding of the contract. They should be thoroughly considered as part of contributing to the validity of the contract (Poole, 2012). The first legal element refers to the inclusion of an offer, which indicates oneââ¬â¢s willingness to enter into a specific bargain. In this c ase, an offer is made by Phil, the Chief Executive Officer of Zulu Aviation Ltd. Another important legal element for the formation of a valid contract is associated with acceptance, which should indicate an agreement to the terms initially made. Philââ¬â¢s offer of ?100,000 for reserving the Airbus 321 has been accepted by Joseph, EMAââ¬â¢s Managing Director. The third significant legal element showing the validity of the discussed contract is the availability of a legal purpose (Knapp et al., 2012). It is clear that the contractââ¬â¢s purpose is legal because it is based on the sale of a second-hand Airbus 321. Furthermore, mutuality of obligation presents a situation in which both parties ensure mutual understanding to the expression and form of their agreement. In other words, a common expectation is that the parties need to agree to the same thing, which is described in the same manner, and at the same time. These legal conditions have been met by both Phil and Joseph. Consideration indicates another essential element for the formation of a valid contract (Poole, 2012). Legal binding needs to be supported by valuable and realistic consideration. In the case study of EMA, Phil ensures his consideration by claiming that he will pay ?100,000 to EMA if the latter promises not to sell the Airbus 321 to another buyer for the period of five days. The importance of these components reflects in the validity and legality of the contract to be established, and if any of these conditions are non-present, it is virtually impossible to form a valid contract (Knapp et al., 2012).Impacts of Different Ty pes of ContractWhen discussing the specificity and implications of contract law, it is important to consider the impacts of different types of contract, such as bilateral and unilateral contracts, express and implied contracts, void and voidable contracts, and distance selling contracts (Hillman, 2004). Bilateral contracts are commonly used in daily life, as they represent an agreement between at least two individuals or groups. Unilateral contracts are associated with an action undertaken by one individual or group alone, as this type of contract allows only one individual to involve in making a specific promise or agreement (Elliott and Quinn, 2003). In express contracts, a promise is stated in a clear language, while in implied contracts, the focus is on presenting behaviours or actions which lead parties to believe that a certain agreement exists (Hillman, 2004). Void contracts are contracts that cannot be enforced by either party. According to law, void contracts are perceived as if they had never been established. The main aspect of void contracts refers to a situation where one of the parties performs in an illegal manner (Hillman, 2004). Therefore, void contracts cannot be conducted under the law. An example of void contracts can be found in Dickinson v Dodds [1876], where there is only an offer made and was intended to be an offer solely because it did not result in any legally binding agreement. There was no consideration ensured or promise and thus was judged non-binding. Although in the case of Shuey v US [1875] the revocation is prominent as the offer is, the type of offer is considered non-binding. On the other hand, voidable contracts are based on enforcement and hence they are valid (Elliott and Quinn, 2003). In general, only one of the parties is legally bound to such contracts. Yet, the unbound party has the right to cancel the contract and thus the contract automatically becomes void (Knapp et al., 2012). This implies that voidable contracts represent valid, legal agreements. Distance selling contracts refer to the main responsibility assumed under the law to protect consumers while they conduct shopping activities online. Such regulations also occur in situations where consumers enter into other contracts, as they are at a distance from the supplier (Hillman, 2004). Special protection is ensured to customers on the basis that they are unable to meet directly with the supplier and check the quality of goods and services that are offered for sale. Distance selling regulations have been enforced in the UK since 2000, but it is essential to note that they are inapplicable to contracts between businesses (Elliott and Quinn, 2003). The main legal effect of these regulations is that they enable consumers with the right to receive accurate and proper information about the supplier, including the products and services that are provided for sale. In addition, consumers tend to receive a written confirmation of such information, which makes the regulations credible . There is also a cancellation period of seven working days in which consumers have the right to withdraw from the contract. Individuals receive protection from different forms of fraud associated with the option of using payment cards (Knapp et al., 2012).Case Study of EMAIn the case study of EMA, the focus is on determining whether the two parties have formed a valid, legal contract. As previously mentioned, the parties applied each of the essential legal elements for a valid contract, including offer, acceptance, legal purpose, mutuality of obligation, and valuable consideration. The terms of the contract between EMA and Zulu Aviation Ltd are clearly specified. However, it can be argued that the type of contract presented by the two parties is express considering that the promise for forming a legally binding agreement has been stated in a clear language verbally, via phone (Poole, 2012). Despite the precise form of the binding procedure, the validity of such express contract is apparent. There are strictly claimed promises on the behalf of both sides: the first party needs to pay a particular amount of money to guarantee the sale of the Airbus 321; the other needs to keep his promise not to sell the Airbus 321 to another buyer for the next five days. It can be concluded that such initial conditions of forming a legal contract have been met (MacMillan and Stone, 2012). Simply put, there is an offer followed by an acceptance by EMAââ¬â¢s Managing Director. An example of the complex transaction that took place between EMA and Zulu Aviation Ltd can be found in the case of Byrne v. Van Tienhoven (1880), which presents relevant inferences on the issue of revocation with regards to the postal rule. In the case of EMA and Zulu Aviation Ltd, the phone rule (considering the phone conversation between Phil and Joseph) may not apply in revocation. In other words, while a phone conversation to arrange a contract may simply indicate a valid acceptance, it is most lik ely that the court will rule that it does not count as proper and valid revocation (MacMillan and Stone, 2012). Moreover, there is a stated legal purpose that legally binds both parties to form a valid agreement. They are focused on keeping their promise, which is an initial requirement for the establishment of a legal contract. It can be indicated that the objective of the contract between EMA and Zulu Aviation Ltd is to achieve a legal purpose. Thus, the condition of a creating a purpose for the existence of a binding contract has been applied in the case (Poole, 2012). The mutuality of obligation is also evident considering the motifs and promises ensured by both sides. There is a strong sense of mutual understanding on the behalf of each party regarding the expression and specificity of their agreement. In addition, there is an objective standard being applied in the case in terms of determining what the parties have precisely said in the process of forming their agreement (Knapp et al., 2012). The fact that the offer is clear and definite is indicative of both partiesââ¬â¢ acceptance o f the terms outlined in the offer. There is a valuable consideration illustrated in the statement of Phil, who is ready to pay ?100,000 in case EMAââ¬â¢s Managing Director fulfils his promise. Therefore, this case study illustrates the application of an express contract law (MacMillan and Stone 2012).Implications regarding the Supply of Mobile PhonesThe only specified term in the contract between Key Services Enterprise (KSE) Ltd and Unique Mobile Solutions (UMS) Ltd is that of the provision of 500 mobile telephones, which are suitable for use in the UK. The court will classify these types of contractual terms as intermediate or innominate terms (Poole, 2012). The status of these terms is not clearly defined, as their significance lies between a condition and a warranty. Innominate terms were established in the case of HK Fir Shipping v Kawasaki Kisen Kaisha [1962], where the defendants chartered a ship for the duration of two years from the plaintiffs. In the agreement establish ed between the two parties, there was a specific clause indicating that the ship was suitable for performing cargo service. Due to problems with the engine, 20 weeks of the charter were lost and thus the defendants were entitled to bring an action for damages for breach of contract on the grounds of the clause specified in the agreement (MacMillan and Stone, 2012). Under the circumstance that the use of the telephones supplied was illegal in the UK, and they could not be modified to make their use legal, the court will classify this term as misrepresentation or a false statement made by the mobile phone seller regarding the use of the products. As in the case of Gordon v Selico [1986], it is possible to make a misrepresentation by words or by conduct. However, it should be considered that representation is not a term. Moreover, the telephones supplied required tuning to particular frequencies, a task taking two minutes for each one. This aspect also indicates the presence of innominate terms (Knapp et al., 2012). However, under the circumstance in which the CEO of KSE signed the contract with UMS, there is no reference to any other document. In addition, KSEââ¬â¢s CEO accepted the receipt of the transaction without reading it, which represents a serious mistake that can be identified as negligence in lawful terms. The harm caused by the deci sion of KSEââ¬â¢s CEO to sign a contract with UMS is as a result of his carelessness. There is a failure to behave with the proper level of care required for the described circumstances (Poole, 2012). On the back of the receipt provided by UMS, the statement can be classified by the court as an exclusion clause because the provider of the mobile phones has directly excluded liability for contractual breach. In an attempt to analyse the exclusion clause as a term under the circumstance in which KSEââ¬â¢s CEO accepted the receipt without reading it, specific implications can be drawn. As a term in a contract, an exclusion clause indicates the purpose to limit or restrict the rights of the parties bound to the contract (Hillman, 2004). A true exclusion clause, as in the case of UMS, recognised a potential breach of contract, and then serves as an excuses liability for any potential breach. Therefore, it can be concluded that an exclusion clause was ââ¬Ëincorporatedââ¬â¢ into the contract with KSE. The effect of this term in the contract should be evaluated on the basis of incorporation (Elliott and Quinn, 2003). This means that UMS has actually incorporated an exclusion clause by signature (at the back of the receipt of the transaction provided to KSE). The fact that KSEââ¬â¢s CEO accepted the receipt and signed it means that the respective clause is considered part of the cont ract. Yet, the party representing the clause, UMS, has not taken any reasonable steps to bring it to the close attention of the second party in the contract (MacMillan and Stone, 2012). Applying the legal controls that the court would use in assessing the validity of the term in the contract should refer to principles of strict literal interpretation and contra proferentem (Hillman, 2004). In order an exclusion clause to operate, it needs to cover the breach with an assumption of a potential breach of contract. In case there is a breach of contract, the specific type of liability which is emerging is also relevant in the process of interpretation by the court. There is strict liability involved, which arises as a result of a state of affairs in which the party at breach is not necessarily identified as responsible for the fault (Smits, 2005). However, the court needs to consider the case of liability for negligence, or in other words, liability arising as a result of fault. A common tendency demonstrated by the court would be to require the party which relies on the clause to have drafted it adequately in order to result in a situation where that party is exempted f rom the liability arising (Cauffman, 2013). In the presence of ambiguity, as it might be in the case of KSE and UMS, the court would most probably apply the legal control of strict literal interpretation against the party which extensively relies on the exclusion clause in the contract. In the process of assessing the validity of the exclusion clause in the contract, the court may also apply the legal control of contra proferentem (MacMillan and Stone, 2012). In case ambiguity persists even after attempts have been made to construe an exclusion clause with regards to its natural meaning, the court may decide to apply a rule identified as contra proferentem. This term implies that the clause needs to be construed against the party in the contract that imposed its initial inclusion, respectively UMS. In the context of negligence, the court would most probably take the approach that a party would enter into a contract that permits the second party to evade fault based liability (Cauffman, 2013).Law of TortLiability in Tort and Contractual LiabilityWhile discussing certain implications of liability, contrasting liability in tort with contractual liability is important. All activities initiated by individuals as well as organisations are regulated by law. Tort law repres ents a branch of the civil law, and it should be considered that any dispute in civil law is usually between private parties (Horsey and Rackley, 2011). As indicated in the previous section, strict liability illustrates a solid legal doctrine according to which a party is held responsible for the damages resulting by his or her actions. Strict liability is also applicable to tort law especially in cases involving product liability lawsuits (Okrent, 2014). In the context of tort law, strict liability refers to the process of imposing liability on a party or individual without a particular finding of fault. In case fault is found, the court would determine a situation known as negligence or tortuous intent (Hodgson and Lewthwaite, 2012). As a result, the plaintiff would need to prove the occurrence of the tort and the implied responsibility of the defendant. The objective of strict liability is to discourage any forms of reckless behaviour as well as irrelevant product development and manufacturing. Therefore, liability in tort refers to the duty of care along with the negligence of that duty. On the other hand, contractual liability is associated with a situation in which two or more parties promise specific things to each other (Okrent, 2014). Liability in tort and contractual liability are similar in the point that they are both civil wrongs, and the individual wronged sues in the court in order to obtain compensation. However, the m ain difference is that in a claim related to liability in tort, the defendant may not have been involved in any previous relationship or transaction with the claimant. On the contrary, in a claim of contractual liability, the main condition that should be met is that the defendant and claimant should be the parties representing the contract (Hodgson and Lewthwaite, 2012).Case Study of Kingââ¬â¢s RestaurantIn an attempt to analyse the situation described in the case study of Kingââ¬â¢s Restaurant, it appears that it should be considered on the basis of tort of negligence. The claimants in this case, Carlos and Janet, need to prove certain elements to the court so as to provide a valid proof of negligence and claim damages (Okrent, 2014). These elements refer to proving that the restaurant owed them a strict duty of care; the restaurant breached that particular duty of care; and Carlos and Janet suffered damage resulting from the breach. The notion of the duty of care was establ ished in Donoghue v Stevenson [1932] in which the court enforced the decision that an individual may sue another person who caused them loss or damage even in the absence of contractual relationship. Yet, in the case of Carlos and Janet, it needs to be considered that even if the court proves negligence, the restaurant may have a defence that protects it from liability, or decreases the precise amount of damages it is liable for (Horsey and Rackley, 2011). Hence, it can be argued that there is tortuous liability action against the restaurant. There is a breach of a statutory duty in Kingââ¬â¢s Restaurant case study, as the direct consequence was harming a person, which gives rise to tortuous liability for the restaurant towards Carlos and Janet under the legal doctrine of negligence (Christie et al., 1997). However, the victim should be identified in the class of individuals protected by the statute. Another important condition related to the success of the tort suit is that the injury should be of the specific type that the statute intended to prevent. Thus, the claimants need to prove their claim on specific balance of probabilities. It is also important for Carlos and Janet to show that the damage suffered is not quite remote from the breach (Horsey and Rackley, 2011). It should be assumed that a duty of care existed in this case because Kingââ¬â¢s Restaurant is identified as an award-winning and very expensive English restaur ant, which directly brings the conclusion that the services provided by the restaurant should be at a superior level. The standard of care should be determined through expert testimony and through the consideration of applicable, professional standards in the industry. The harm in the case is mostly physical, which makes it a sufficient claim for negligence. The problem in the case study can be resolved if Carlos and Janet definitely consider the option of claiming tortuous liability against the restaurant (Christie et al., 1997).Case Study of Angelina and Christian AuctioneersIn this case, the legal principles of tort of professional negligence misstatement and vicarious liability can be applied. The tort of professional negligence misstatement refers to representing a fact, which is improperly and carelessly made. This claim is usually relied on by another party and results in their disadvantage (Hodgson and Lewthwaite, 2012). Vicarious liability presents a doctrine according to w hich an individual is responsible for the actions of another person because of a special relationship available between the parties, such as the one between an employer and an employee. Angelina has rights and remedies against Brad and Christian Auctioneers in connection with the incorrect advice given to her about the worth of the painting (Okrent, 2014). In the case, Angelina relies on the other party for their expertise, knowledge, and judgment. Moreover, the person who provided advice to Angelina, Brad, knew that the other party was relying on him and his judgment about the painting. It can be also argued that it was reasonable for Angelina in the presented circumstances to rely on Brad and Christian Auctioneers. Brad on the behalf of his organisation, Christian Auctioneers, has given a negligence misstatement regarding the paintingââ¬â¢s value. His judgment was personal rather than professionally based (Hodgson and Lewthwaite, 2012). Angelinaââ¬â¢s rights against Brad and Christian Auctioneers are based on the premise of the special relationship established between her and this organisation. In the process of examining the special relationship concept, an example can be observed in the case of Shaddock & Associates PTY Ltd v Parramatta City Council [1981], in which a solicitor acting on behalf of Shaddock established contact with the Parramatta City Council to seek advice regarding the potential impact on a property as a result of road widening proposals (Okrent, 2014). The council employees gave the solicitor a negligent misstatement, and as a result, Shaddock purchased the property and significant losses have been suffered. When applying the law in the case of Angelina, duty of care should be established in order to claim for negligence. It is important to consider the question of whether it was reasonably foreseeable that the actions of Brad and Christian Auctioneers would cause harm or loss to Angelina. Fu rthermore, it is essential to establish the presence of a physical or factual link between Angelina and Brad and Christian Auctioneers. It can be deduced that their relationship was physical considering that Angelina approached the company to give her a valuation of some antique furniture present at her flat (Christie et al., 1997). The court would also need to determine the vulnerability of the plaintiff, and it can be indicated that the vulnerability to Angelina was high because she was relying on Brad and Christian Auctioneers for their professional advice in order to make a sound decision (Horsey and Rackley, 2011). The court would need to consider the actual damages caused. Considering that Angelina sold a valuable painting of Rembrandt for only ?100 is indicative of the losses she suffered due to the incorrect advice given to her. Moreover, the principle of vicarious liability could also refer to this case (Horsey and Rackley, 2011). Vicarious liability is applicable because liability is attributed to Christian Auctioneers that has a responsibility for its employee, Brad, who negligently causes a loss to Angelina because of the incorrect advice provided to her. In other words, the employer is responsible for the actions of the employee. Therefore, this form of strict liability can be imposed on Christian Auctioneers due to the negligent conduct of its employees in the case of Angelina (Okrent, 2014).Possible Defences Available to Christian AuctioneersThere could be possible defences available to Christian Auctioneers. Such defences are mainly based on the assumption whether there is a contractual relationship between the parties (Okrent, 2014). An example of this aspect can be found in the case of Henderson v Merrett Syndicates Ltd [1994], emphasising a statement of responsibility by an individual providing pr ofessional services along with reliance by the individual for whom the services were provided. Therefore, in the case of Angelina, it can be deduced that there was no special, contractual relationship between the parties (Christie et al., 1997). Angelina sought a free valuation, which may imply that there would not be liability for such type of information.ConclusionThis paper discussed essential aspects of contract law and tort law. The first part of the paper focused on describing the elements comprising a valid, legal contract along with differentiating the effects of common contracts (MacMillan and Stone, 2012). Details from two case studies were provided, namely from East Midlands Airways Airbus case and the case involving the supply of mobile phones. Important issues pertaining to contract law were discussed with the application of relevant law. The second part of the paper emphasised important principles of tort law by differentiating liability in tort and contractual liabili ty. Negligence liability was discussed with regards to the case study of Kingââ¬â¢s Restaurant. Specific details about tort of professional negligence misstatement and vicarious liability were provided in the case study of Angelina and Christian Auctioneers (Okrent, 2014). In conclusion, legal and business practitioners need to stay informed about valid and applicable law principles with regards to contract and negligence in order to adhere to professional standards of conducting appropriate business practices. References Byrne v Van Tienhoven [1980] CPD 344 Cauffman, C. (2013). ââ¬ËThe Principle of Proportionality and European Contract Lawââ¬â¢. Maastricht Faculty of Law Working Paper. Working Paper No. 2013-05. Christie, G. C., Meeks, J. E., Pryor, E. S., and Sanders, J. (1997). Cases and Materials on the Law of Torts. St. Paul, MN: West. Dickinson v Dodds [1876] Ch. D. 463 Donoghue v Stevenson [1932] UKHL 100 Elliott, C. and Quinn, F. (2003). Contract Law. London: Longman. Gordon v Selico [1986] HLR 219 Henderson v Merrett Syndicates Ltd [1994] UKHL 5 Hillman, R. A. (2004). Principles of Contract Law. St. Paul, MN: West. HK Fir Shipping v Kawasaki Kisen Kaisha [1962] EWCA 7 Hodgson, J. and Lewthwaite, J. (2012). Tort Law Textbook. Oxford: Oxford University Press. Horsey, K. and Rackley, E. (2011). Tort Law. Oxford: Oxford University Press. Knapp, C. L., Crystal, N. M., and Prince, H. G. (2012). Problems in Contract Law: Cases and Materials. New York: Wolters Kluwer Law & Business. MacMillan, C. and Stone, R. (2012). Elements of the Law of Contract. London: Stewart House. Okrent, C. (2014). Torts and Personal Injury Law. New York: Cengage Learning. Poole, J. (2012). Casebook on Contract Law. Oxford: Oxford University Press. Shaddock & Associates PTY Ltd v Parramatta City Council [1981] HCA 59 Shuey v US [1875] 92 US 73 Smits, J. M. (2005). ââ¬ËThe Principles of European Contract Law and the Harmonization of Private Law in Europeââ¬â¢. Maastricht University Faculty of Law, pp. 567-590.
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