Making a decision and a decision tree Essay Example | Topics and Well Written Essays - 500 words

Settling on a choice and a choice tree - Essay Example Jaeger is in an ideal situation reaping the grapes right away. As I would see it, Mr. Jaeger ought to be guided by the choice tree alternatives, in light of the fact that the count of choices is practical. This implies the choices determined in the choice tree get an opportunity of happening. From the choice tree, it tends to be seen that the normal fiscal qualities for the two alternatives are totally different, an edge that Mr. Jaeger can't bear to excuse. Be that as it may, an investigation of the case shows that the Riesling is certifiably not a huge piece of the winemaker’s business; consequently, Mr. Jaeger would not be destroyed in the event that he faces the challenge and misfortunes. This implies the winemaker has the choice of facing the challenge to intrigue wine specialists, since the introduction of a quality wine would raise the notoriety of the winery. After an examination of the two choices open to Mr. Jaeger, it tends to be inferred that the best choice is gather the grapes right away. This is on the grounds that the normal result from hanging tight for the tempest isn't legitimized by a went with increment in

Article response paper Example | Topics and Well Written Essays - 750 words - 3

Reaction paper - Article Example The issues of the ESL understudies are principally at the sentence level. Their composing issues are distinctive when contrasted with the understudies of local speakers. It starts at the word and sentence levels. They face challenges in each part of the sentence, and with spelling, punctuation and word utilization. The fundamental distinction between the local speakers and ESL understudies is that the previous can communicate in English effectively, as such they can likewise compose accurately. The last have aptitudes in their local language. They have thoughts yet their issues identify with the utilization of proper words and syntactic blunders go up against them. Individual perceptions/remarks On close assessment of the article, I understood the significance of the rater and the difficulties the ESL understudies need to look in perusing or writing in English. They have issues in a few sections of life, and racial isolation supersedes every single other thought. Low self-viability, budgetary challenges, division from close relatives and companions, profoundly extraordinary social condition, all these add to the issues identified with digestion in the standard society. Understudy conduct in study hall in America varies a lot and the control is free. They can arrive behind schedule to the class, question instructors, cut jokes and this sort of conduct isn't acknowledged in the Chines study halls. Their principle troubles are in the regions of structure, morphology, wording and sentence structure which fluctuate from their local language. They may have thoughts yet need articulation; as such the crowd will most likely be unable to follow the substance. The troubles for securing of aptitudes recorded as a hard copy contrast for different social gatherings of ESL understudies. Before perusing the article I used to consider the issue of the ESL student’s writing in disconnection. On the quality of the different issues referenced in the article, I currently un derstand that it is nevertheless one of the diverse issues looked by the understudy and the improved capacity of the understudy recorded as a hard copy may deliver to incomplete arrangement of a portion of those issues. ESL understudies are a heterogeneous part. Much distinction exists in any event, when the understudies are from a similar nation as they have a place with various States/Regions, where slang, convention and culture contrast. With such differed social and semantic foundations the appraisal of their English composing is assailed with issues. A compromise should be worked out to show up at a valid arrangement, as it concerns the profession of the flammable more youthful age. In a serious activity advertise, each imprint, every proposal checks. Along these lines, the rater may construct or break the vocation of an ESL understudy, unexpectedly however, with the inadequate arrangement of rating. The writer knows about this multifaceted nature and has referenced twenty audi ts and given subtleties of those observational examinations concerning the variables influencing rating of ESL writing in North American school settings, isolating them as rater-related and task-related and has featured their significant parts. These components are not selective and inquire about regarding the matter is a consistent procedure and the creator has educated that in the light regarding the experience picked up, holes and proposed headings for future research have been recognized. The writer underscores various occasions in the article that evaluation of composing is the tricky region for which no simple equation can't be submitted as the last word regarding the matter. He cites Speck and Jones (1998), â€Å"there are a larger number of issues than arrangements - issues of between grader

Japanese Negotiations Essay Example For Students

Japanese Negotiations Essay Japanese NegotiationWhen contemplating arrangements one probably won't understand how frequently that we haggle in our regular day to day existences. Pretty much every movement that we do, particularly while including something other than ourselves, includes dealings somehow or another, for example, should we eat at Burger King or at McDonalds. You haggle with another person or even yourself in your choice. Arrangements are likewise significant in professional interactions. The exchange can represent the moment of truth a business bargain and even ruin the relationship of the two gatherings. Exchanges are an artistic work that is exceptionally hard to ace, if its acing is even conceivable. Various individuals haggle in various manners, however every general public follows a similar fundamental rules generally. This isn't correct at whatever point you take a gander at various societies and their arrangement styles and strategies. Now and then these styles can be totally different from what we have grown a custom to. The United States for instance has arrangement styles and decides that contrast quit a piece from those of the Japanese. This is the reason it is critical to remember these distinctions when managing the Japanese whether it includes business or individual issues. For effortlessness, we will be taking a gander at the business part of exchanges. This report will cover the essentials of exchange with the Japanese. This is just a short rule; one should remember that in the event that you are intending to take this subject further significantly more research ought to be never really see all parts of this region. The start of an exchange can be an exceptionally basic one. Generally, Americans need to hop directly in a get serious. This is do in predominantly to our general public and it’s quick paced method of working together. We live in a quick paced world and feel that things should be done rapidly. This isn't a similar inclination shared by the Japanese however. While haggling with Japanese, they like to set aside the effort to become acquainted with the other party first. They give incredible significance to believe when managing others. They have to find out about the other party so as to accomplish trust in them. On the off chance that Americans anticipate an arrangement with Japanese inside the U.S. system of a concise presentation, conversation of specialized issues, gracefully and cost bartering, and shutting, they will doubtlessly be frustrated. Japanese, then again, will feel hurried and compelled on the off chance that they find they won't invest a lot of energy getting some answers concerning the school foundations, relative organization status, and family foundations of U. S. mediators. Japanese need to feel a feeling of agreement and collaboration. Without this phatic correspondence, of what from a U.S. viewpoint is minor data (however in any case has a significant capacity of building trust). Japanese feel tha t their relationship isn't tied down and may float. This is uncomfortable in the amazingly serious universe of Japanese business (McCreary p25-26). After this data is shared the Japanese will feel that they can go into the arrangements. The arrangement regularly follows a similar example, or stages. After the presentation and the get-together of trust, the following stage is normally comprised of the specialized subtleties of the item. The Japanese frequently demand each and every detail being clarified a few times. This by and by is because of the issue of trust. They attempt to check whether the subtleties fluctuate by any stretch of the imagination. The dealing stage ordinarily follows straightaway. The U.S. style of dealings regularly causes the U.S. group to concentrate on costs that will be excessively high or excessively low. In opposite, Japanese typically went at costs that are increasingly sensible. A greater amount of this will be talked about later. The last stage includ es the systems that lead to the marking of the agreement. It is critical to remember that the Japanese feel that an item that isn't up to norm, that was introduced in the exchange are looked on as being dishonorable to the person. They esteem the trustworthiness of an arrangement and those associated with the arrangement definitely. While working together, numerous American organizations depend on agreements to tie the understanding. The agreement is taken a gander at as the substantial objective of most business arrangements. Without an agreement or some kind of composed understanding it is impossible the arrangement will last. It is far-fetched, that if an issue happens and an outsider is expected to take care of that issue, that the arrangement will even be perceived without an agreement. This is distinctive to the Japanese method of business. Agreements are unfamiliar to the Japanese method of working together, and Americans would do well to remember this reality while working with the Japanese (Zimmerman, p.91). This aversion of agreements by and by identifies with the significance that Japanese put into trust and respectability. Numerous Japanese won't try to peruse an agreement before marking it since they don’t append considerable significance to it (Ibid, p.91). In spite of the fact that this tra ining is alright to do in Japan it frequently messes up the U.S. what's more, other Western regions. This is additionally inconvenient when somebody who values an agreement finds that there might be no discipline in Japan if the agreement is broken. This is the reason it is significant that the two gatherings have a common comprehension of the agreement and what it involves preceding the marking. In the event that this isn't done than one of the gatherings, if not both, have a decent possibility of being agitated with some future occurring. This would not exclusively be awful at the hour of the event yet it could likewise prompt the two gatherings cutting off an association which could hurt the two gatherings ethically and monetarily. Some portion of the doubt that the Japanese have toward contracts gets from the adjustment in their circumstance in the course of recent years (Ibid. p.93). This doubt is brought about by the Japanese doubt of the outside accomplices that they managed in the sixties and seventies. During this season of remaking they relied upon others for a significant part of the innovation expected to reconstruct their nation. Since they have increased a serious edge in today’s innovation, they would prefer not to manage indistinguishable accomplices from previously. It is useful to any firm working with the Japanese to guarantee them that both are on equivalent ground and will get equivalent and reasonable treatment and regard. This will enable the Japanese to feel progressively good about an agreement and all the more ready to sign and concur with one. There is likewise an agreement for every state with the Japanese national bank that permits Japanese nations to render a portion of the mon ey related weights of an agreement if the bank is told of the agreement and endorses it in any event thirty days ahead of time. This alleviates a portion of the strain associated with marking the agreements. There are four significant, complex, and interrelated Japanese ideas that affect how the Japanese work together and direct their own lives (Ibid. p.64). These four ideas are Nintai (tolerance), kao (face), giri (obligations), and on (commitments). Nintai, all however there is no immediate English interpretation, implies in a business setting that one has the perseverance and scholarly ability to reveal efficiently and cautiously every factor that may have even the scarcest bearing on a business choice or the result of an exchange. This incorporates numerous parts of dealings including the sides setting aside enough effort to consider and altogether set themselves up for the arrangements. On the off chance that you are deficient in nintai you risked continually being at risk for losing kao (face). Kao is viewed as the most valuable item a Japanese has. At the point when somebody in Japan has a perfect kao they are viewed purchase their friends, businesses, collaborators and family as being on top of society. One of the most noticeably awful slip-ups anybody can make in their dealings with Japanese is to put down their work and humiliate them before others. The best move to make on the off chance that you are not satisfied with somewhere in the range of ones work is to converse with them in private. You should attempt to be delicate in your clarification of your disappointment and accentuate on the person’s solid focuses. In the event that you don't take outrageous consideration in this you make certain to disturb the individual and could conceivable gain a lifetime adversary. The last two ideas that one needs to comprehend is that of giri (obligations) and on (commitments). To help comprehend the significance of these two ideas one must understand one reality about the Japanese. The Japanese will in general take each obligation and commitment got during life as an individual load on their shoulders. Albeit through reimbursement of favors and help, these o bligations can be to some degree reimbursed yet they can never be completely reestablished. A progressively precise depiction of on is the commitment caused by giving and giving significant favors, for example, conceiving an offspring or dealing with somewhere in the range of ones training. At the point when one gets on from another it is normal that they go through a large portion of their time on earth attempting to reimburse it in some structure, in spite of the fact that the Japanese feel that you can never completely reimburse the obligation. Of the two ideas, giri is by all accounts the less genuine of the two (Ibid, p.64). Giri is the trading of little obligations and commitments that happen on an ordinary premise. Such models would be the giving of a little blessing to another. Giri even contemplates the welcome that you get when strolling into a Japanese eatery. You are not expected however to consume your time on earth attempting to reimburse this blessing however. It is t aken that everybody gives and gets giri a few times all through a typical day. One must remember that in the Japanese society one can't get away from the enormous snare of commitment made by giving and accepting blessings. It is imperative to likewise recall that close to offending ones kao is to deny a blessing. Heroin EssayAs addressed previously, it isn't generally to the greatest advantage of Americans to utilize interpreters. It could put the American party off guard permitting the Japanese to arrive at a gainful understanding simpler. It is significant idea if

Understand How to Improve Own Performance Essay Example for Free

See How to Improve Own Performance Essay 1.1Explain the reason and advantages of persistently improving execution at work It is significant that I ceaselessly improve my exhibition so I can develop alongside the organization and complete my work to the necessary norm. By consistently developing myself I can keep myself tested and stop myself landing exhausted of the position, which will consistently keep me intrigued. Likewise developing myself can profit the organization, learning new abilities can permit me to take on harder progressively gifted errands. This will help take the remaining task at hand from my different partners. This will assist the workplace with running all the more productively. 1.2Explain the reason and advantages of empowering and tolerating criticism from others Feedback has numerous advantages while improving my abilities inside the workplace. Positive criticism can help support moral inside the workplace and help the representatives feel increased in value. This assists with keeping work guidelines high, and keeps up a decent situation inside the workplace. Negative input isn’t constantly an awful thing; it can assist with delineating zones where my directors or partners feel I need improvement. I would then be able to talk about with them how I could improve this later on. This can help the general running of the workplace and constantly improve our work. 1.3Explain how learning and advancement can improve own work, advantage associations, and recognize profession alternatives Learning and advancement can help improve my own work significantly, by learning new parts of the business I can assist my partners with employments that I already couldn’t complete. This will decrease the outstanding task at hand that is done by my associates, which will profit my association as the work can be finished significantly speedier as there are more individuals equipped for doing it. Via doing this NVQ I can improve my own profession choices. Already I had no proper capabilities identifying with the activity that I complete. Anyway this can assist with advancing my profession for myself and for the business, as I would now be able to go after inward positions that already I was not equipped for. 1.4Describe conceivable profession movement routes Currently I am a piece of Wincanton’s office group, Prime Time. The following stage in my vocation that I would like to accomplish is to be utilized in all day work. On the off chance that I accomplish this, at that point there are numerous different occupations inside the organization that I could advance to. If I somehow happened to remain inside the administrator office I could attempt to turn into a director or group pioneer, or there are numerous different regions that I could apply for, similar to the stocks office or the account division. Anyway a portion of these occupations may not be accessible to me moving along without any more capabilities. I would like to do a greater amount of these at a later stage in my profession; these could incorporate further NVQ’s or considerably higher capabilities from the Open University. 1.5Describe conceivable advancement openings Within our business we print of POD’s for clients, this requires a great deal of paper to be utilized. The capacity of innovation is improving each day; later on the POD’s might be available by means of PCs. If this somehow happened to happen I would need to build up my aptitudes towards keeping up this and completing the everyday running. Another choice could be to enhance my PC aptitudes. Organization is profoundly trustworthy on innovation as we use PCs for the entirety of the undertakings that we do. Later on the innovation may significantly improve this could imply that my present information on the PC frameworks become insignificant. An advancement for myself could be that I take a few courses in ICT to improve my abilities and information on how a PC functions.

Stages of Writing a Paper

Stages of Writing a PaperIn order to write a paper, you need to go through several different stages in order to create a properly formatted document. This may sound obvious but it is still one of the most common mistakes that people make when it comes to writing a paper.If you read the process of editing, then you would know that the best documents are prepared when they are done using the best and the cleanest editing processes. When you are preparing a paper for the purpose of a promotion at school or a promotion at work, you should spend enough time to take care of the aspects that will make your paper unique and a unique experience. You can choose to edit the content or formatting, change the spelling or punctuation of a paper and do whatever you need to do. The important thing is that you spent enough time on each stage so that you're writing a paper is not only original but also readable.You should always have an idea on what is required to format a paper properly. The first st age is the idea stage. You should have an idea about what the topic of the paper is going to be before you start to write it so that you can use the outline to give you an idea as to what your paper is going to be about.It is essential to write down the outline of the paper. Writing a paper is not just putting pen to paper. Every word that you write in the paper needs to be well thought out. This is because all the information that you will be including in your paper will be used and manipulated by other people. Writing a paper requires that you put your thoughts into words so that they will be able to communicate with other people about the subject.In the presentation stage, you should start writing in an organized way. Your ideas and opinions should be arranged in an orderly fashion so that the papers can be easy to read. Do not take any longer than you need to when you are writing a paper because you do not want to waste your time.After you have all the thoughts and concepts in p lace, the last stage is the proofreading stage. This is the stage where you will proofread your work and ensure that there are no errors in the text of the paper. Once you have gone through all the stages in the process of writing a paper, you will be ready to submit your paper.The last stage of writing a paper is going to be the checking stage. You should do this so that you will be able to check that you did not miss any of the minor grammatical mistakes or the grammatical mistakes in the content of the paper. You should also check that you did not miss anything in the grammar, punctuation and spelling.These stages are not hard to follow if you follow them carefully. If you go through the proper steps, you will be able to write a paper. You can read more details about the correct method of writing a paper in this article.

Law Cases Of Insider Trading In Multinational Corporations Finance Essay - Free Essay Example

Insider trading is buying or selling corporate stock by a corporate officer or other insider on the basis of information that has not been made public and is supposed to remain confidential Who are insider traders? Corporate officers, directors, and employees who traded the corporations securities after learning of significant, confidential corporate developments. Friends, business associates, family members, and other types of such officers, directors, and employees, who traded the securities after receiving such information. Why forbid insider trading? The prevention of insider trading is widely treated as an important function of securities regulation. In order to make sense of insider trading, we must have basic understanding of markets, prices and role of markets in the economy. Insider trading appears unfair, especially to speculators outside a company who face difficult competition in the form of insider trading. Who is Insider is defined under the SEBI Prohibition of Insider Trading regulation (SEC 2 (e)) Insider is the person who is connected with the company, who could have the unpublished price sensitive information or receive the information from somebody in the company. Who can be a connected person? For the purpose this definition, words connected person shall any person who is a connected person six months prior to an act of insider trading It could be director of the company ,or is deemed to be a director of the by virtue of sub-clause(10) of section 307 of the companies act 1956 He /She could be officer or professional of the company or holding a business relationship with the company. Any person having UPPI from the any subsidiary or group company is also stated to be the connected person. Connected person can also be from intermediaries like stock exchange, Merchant Bank, Transfer agent, debenture trustee, Bankers relatives of promoter or of BOD. What is price sensitive information? The Price sensitive information is defined in Regulation 2(h) (a) of the prohibition of Insider Trading. It means any information which relates directly or indirectly with the company which if published is likely to materially affect the prices of the securities of the company. The information which is deemed to be price sensitive is like- Periodical financial results Intended declaration of the dividends(both Interim Final) Issue of securities or buy -back of securities Any major expansion plans or execution of new projects. Amalgamation mergers or takeovers. Any significant changes in policies, plans or operations of the company. CASE 1: INFOSYS Background of the Case Infosys is an information technology Services Company headquartered inÂÂ  Bangalore, India. Infosys is one of the largest IT companies in India with 122,468 employees (including subsidiaries) as of 2010.ÂÂ  It has offices in 33 countries and development centers in India, China, Australia, UK and Canada. This case is regarding a technical violation of Companys insider trading rules by its CEO Kris Gopalakrishnan and an independent director Jeffrey Lehman and the Company imposing a fine on both of them. Course of Action Below listed are some of the extracts from the Infosys Code of Conduct against violation of Insider Trading Rules: In the normal course of business- officers, directors, employees, agents and consultants of the company may come into possession of significant sensitive information. This information is the property of the Company- you have been entrusted with it. You may not tip from it by buying or selling securities yourself. Further you are not to tip others to enable them to profit or from them to profit on your behalf. Insider traders must disgorge any profits made and are often subjected to an injunction against future violations. If there is a change in the shareholding pattern of an employee, he/she has to notify this change to the company within one business day. Finally, insider traders may be subjected to civil liability in private lawsuits. Mr. Gopalakrishnan had actually inherited 12800 equity shares of Infosys from his mother on December 24, 2007. But he inadvertently failed to notify the company about this inheritance of shares within one business day after the change in his shareholding. This, according to the company, constituted a violation of its insider trading rules. On the other hand, Mr. Lehman was found guilty for failure to correctly follow the procedure on sale of shares. Case Status ÂÂ  Infosys audit committee believed that Mr. Gopalakrishnan had no intention of contravening the rules and imposed the penalty of Rs 5 lakh and directed him to donate the amount to a charitable organization of his choice. Mr. Gopalakrishnan has made the donation. Mr. Lehman was also imposed a penalty of $2,000 and that amount, too, has been given to charity. The case is finally closed. References https://articles.economictimes.indiatimes.com/ https://www.infosys.com/investors/corporate-governance/Documents/CodeofConduct.pdf CASE 2: WOCKHARDT CASE Background of the Case Wockhardt is a global, pharmaceutical and biotechnology company. Wockhardt has a growing presence in worlds leading markets like Europe and the United States. It has been a significant player in global biopharmaceuticals market. The case is regarding the former CFO of Workhardt, Mr. Rajiv Gandhi, who had been alleged to have traded in the companys shares on the basis of some insider information which was till then unpublished. It was supposedly reported that he along with his wife and his sister together traded in the companys shares on some insider information. Its the first in Indian corporate history that a company CFO has been charged and indicted of insider trading. Course of Action Rajiv Gandhi (appellant 1) is a Wockhardt Board Member as well as CFO of the company. He is primarily responsible for making financial reports like (balance sheets) for the company. He is a Wockhardt employee since 10 years. As per the SEBI regulations, every company is supposed to prepare its unaudited financial results on a quarterly basis and update it within one month from the end of the quarter to the respective stock exchanges. On 21st January, 1999, at 5 p.m. a meeting of the board of directors of the company was held to consider the quarterly financial results for the quarter ending 31st December, 1998. The financial results were announced on 22nd January, 1999 pre-trading and along with it an interim dividend @ 35% was declared. Wockhardts financial results actually showed a negative performance of the company for the December quarter. This information was somehow leaked and known by Gandhis wife Sandhya (appellant 2) and his sister Amishi (appellant 3). Sandhya and Amishi Gandhi traded on the companys shares multiple times during the entire year on the basis of some or the other Company information which they used to receive via Rajiv Gandhi. Below is the transaction history of Sandhya and Amishi Gandhi. 21/01/1999: Company board meeting was to be held at 5pm; they both together sold 2100 shares of Wockhardt at 2:37 pm and 2:42 pm. 22/01/1999: Company declares financial results and interim dividend pre-trading. Amishi and Sandhya Gandhi sold 1500 shares of Wockhardt at 9:59 am and 10:04 am. 21/04/1999: Amishi Gandhi sold another 2300 shares of Wockhardt at 10:16 am. 22/04/1999: Announcement of Companys financial results as well as a decision of demerger of the business was going to take place at 11:30 am. Amishi Gandhi sold another 1200 shares of the Company at 11:33 am. 23/04/1999: Due to demerger news, the share prices had fallen. Amishi again purchased the companys shares at an average rate at 10:08 am. The above transa ctions clearly proved that the appellants used to trade in the Companys shares as and when they used to get some or the other financial or non-financial information of the Company. As they used to get this information of the company from an insider (Rajiv Gandhi) and they used to trade on that information, they were alleged to be guilty of Insider trading. Case Status SEB I imposed a monetary penalty of Rs. 5 lakh under Section 15T of the Securities and Exchange Board of India Act, 1992 on Gandhi and then case was closed. References www.bloomberg.com www.sebi.gov.in https://economictimes.indiatimes.com/ www.indiakanoon.org CASE 3 :ORACLE CASE Background of the Case This case is all about Christopher M. Balkenhol, the trader misused confidential information gleaned from spouse, who was lead executive assistant to Oracles CEO and Co-presidents.SEC Charges Former Oracle Vice President with Illegal Insider Trading in Stocks of Oracle Acquisition Targets. This case adds to a growing list of recent enforcement actions against corporate employees and securities industry professionals for trading on information about upcoming corporate transactions that they knew to be confidential. Course of Action Christopher Balkenhol, 40, of San Mateo California, learned about secret merger negotiations from his wife, who worked at Oracle as the lead executive assistant to Oracles CEO and two co-Presidents. Balkenhol used information from his wife to buy shares of two companies Retek and Siebel Systems before Oracle made public its plans to buy those companies. Series of insider trading by Balkenhol Relating to Retek- Balkenhol first engaged in insider trading around March of 2005, when he began buying shares of Retek, eventually purchasing $85,000 worth of the Minneapolis-based software firms shares, according to the SEC. The first purchases came just a day after Oracle executives first discussed making an offer for Retek. A week later, Oracle went public with a tender offer for Retek that caused that firms shares to surge. Balkenhol sold the shares on the jump, making an estimated $15,000 in alleged unlawful profits. Relating to Siebel Systems:- The same pattern emerged around Siebel Systems, the commission alleged, with Balkenhol buying more than $270,000 worth of Siebels stock starting just days after Oracles co presidents to whom his wife was also an assistant held a secret meeting with Siebels CEO to discuss a merger. Balkenhol made three more Siebel purchases over the next three months, each one coming shortly after the two companies held additional private talks. He ended up with some 50,000 shares of Siebel, worth around $450,000, stock that he unloaded shortly after Oracle announced on Sept. 12, 2005, that it would buy Siebel for around $5.8 billion. Balkenhol allegedly learned about the planned acquisitions from his wife, who had access to the schedules of Oracles three top executives and was aware of significant merger-related meetings. The Commission does not allege that Balkenhols wife knew about Balkenhols illicit trades. Rather, the complaint alleges that Balkenhol breached a duty not to misuse confidences gleaned from his wife for his own gain. Without admitting or denying the Commissions allegations, Balkenhol agreed to settle the action against him, paying a total of approximately $198,000-including a penalty of nearly $100,000. The total of approximately $198,000 Balkenhol agreed to pay in settlement of the Commissions action includes $97,282 in disgorgement, $4,115 in prejudgment interest and a $97,282 civil penalty. Balkenhol has also agreed to a permanent injunction from further violations of Sections 10(b) and 14(e) of the Securities and Exchange Act of 1934, and Rules 10b-5 and 14e-3 there under. Case Status Case is settled by Balkenhol by paying $198,000 due to insider trading done by him for the violations of Sections 10(b) and 14(e) of the Securities and Exchange Act of 1934, and Rules 10b-5 and 14e-3. References www.bloomberg.com https://economictimes.indiatimes.com/ CASE 4 : RAKESH AGARWAL V/S SEBI Background of the case This case highlights principle of violation of acting on material non-public information which comes under regulations 3 and 4 of the SEBI (Prohibition of insider trading). In this case, Rakesh Agarwal, being insider of organization, is responsible to not act on material non-public information so as to protect the interest of the investors. Course of Action Rakesh Agarwal, the Appelant was the managing director of ABS industries Ltd. (ABS), a company incorporated under the companies act, 1956. ABS was subsequently acquired by Bayer AG (a company registered in Germany).He was involved in negotiations with Bayer A.G (a company registered in Germany), regarding their intentions to takeover ABS. Therefore, he had access to this unpublished price sensitive information. Bayer acquired controlling stake in ABS Industries Ltd by acquiring 55,80,000 shares @ Rs.70/ per share in a preferential allotment made by ABS Industries Ltd. and 20% shares from existing shareholders @ Rs.80/- per share in a public offer made by them It was alleged by SEBI that prior to the announcement of the acquisition, Rakesh Agarwal, through his brother in law, Mr. I.P. Kedia had purchased shares of ABS from the market and tendered the said shares in the open offer made by Bayer thereby making a substantial profit. By dealing in the shares of ABS through his brother-in-law while the information regarding the acquisition of 51% stake by Bayer was not public, the appellant had acted in violation of Regulation 3 and 4 of the Insider Trading Regulations. Rakesh Agarwal contended that he did this in the interests of the company. He desperately wanted this deal to click and pursuant to Bayers condition to acquire at least 51% shares of ABS, he tried his best at his personal level to supply them with the requisite number of shares, thus, resulting in him asking his brother-in-law to buy the aforesaid shares and later sell them to Bayer. Accusations by SEBI The SEBI directed Rakesh Agarwal to deposit Rs. 34,00,000 with Investor Education Protection Funds of Stock Exchange, Mumbai and NSE (in equal proportion i.e. Rs. 17,00,000 in each exchange) to compensate any investor which may make any claim aggrieved with the sale of shares of ABS industries to SHRI I.P.Kedia during the period 9-9-1996 to 1-10-1996 subsequently. along with a direction to (i) initiate prosecution under section 24 of the SEBI Act and (ii) adjudication proceedings under section 15I read with section 15 G of the SEBI Act against the Appellant. Appeal by SAT The Honble Securities Appellate Tribunal vide its order dated 3.11.2003 has allowed the captioned appeal finding that the appellant was not guilty of Insider Trading. However, the tribunal held that since Rakesh Agrawal acted in the interest of the company he cannot be considered to have violated the Insider Trading Regulations. The tribunal also held that although Rakesh Agrawal had made profit out of the transactions but it was only incidental to the cause of the interest of the company. However in appeal to SAT, SEBI later contested the SAT order in SC. Case Status The case was settled through consent order under section 24 of the SEBI Act with Agrawal paying a monetary penalty.

Be Courageous and Strong in the Faith - Free Essay Example

Intro and Quote: Many individuals moved to the New World with the incentive of religious freedom. Over the years, regardless of the denomination, religious tolerance has been a fairly well-fulfilled objective. Most people in the American colonies could practice the religion they wanted to pursue. Toleration even extended to those who were enslaved. Slaves brought non-Christian beliefs with them and those beliefs were generally tolerated by the colonists. Despite this limited freedom, large numbers of slaves chose to convert from African beliefs to western beliefs. Their conversion was not immediate and it was not advertised; the process was slow and somewhat quiet. As a result, there is little conversation today about the conversion of slaves to Christianity, the purposes of the conversion, and their impact on the nation are a quiet thread in the fabric of our countrys complex history. The Apostle Pauls letter to to the people of Corinth includes one of his most resilient messages. It was written to followers at a new church who faced many conflicts as they tried to survive in a new, spiritual world. Followers in Corinth were, in some notable ways, similar to those who were living in the American colonies. They faced physical threats from outsiders, dissention and in-fighting internally, and a sense of loneliness. They wanted something better, they wanted a land of promise, but the path was not as easy as they had hoped. Similarly, slaves in the colonies also faced physical threats, a fractured environment, and a sense of loneliness. Paul wrote his words of encouragement to deliver spiritual resilience and motivation. His letter to the Corinthians delivers instructions, much like the military leader to scared and unsettled troops, to stay strong and hold the lines. Each section of the quote above gives a specific, heartening instruction. Be on Your Guard. Paul asked these early Christians to stay alert and watch their surroundings carefully. A possibility of division within the church could arise. Threats and sin often arise from within an environment rather than outside of it, so cautiousness must be taken. Stand Firm in the Faith. Paul encouraged followers to stay firm in their beliefs. Spiritual faith is not easy; it is beset by challenges, doubts, and misgivings. He advised the Corinthians that Christianity requires a commitment to certain beliefs and an unbending trust in God. Paul made it clear that faith is firmly held, it is not simply observed on a part-time basis. Be Courageous. Paul understood the frailty of men and women; he knew they would have doubts. He knew they would face obstacles and he knew that they would have to sacrifice in order to commit to the Lord. Paul knew the young Christians had no physical weapons to battle doubt, obstacles, and sacrifices, but he knew they had a great spiritual tool: courage. He knew true courage was everlasting and that it could not be conquered. Finally, Paul wanted the followers to, Be Strong. Strength allowed the Corinthians to believe and to trust. It allowed them to maintain their determination and faith. It allowed them to see in spiritual darkness, to love in times of anger, and to believe in times of doubt. Strength allowed them to defeat weakness. Strength allowed even the weakest to maintain determination. These were assets that would aid the Corinthians; they were also assets that could aid American colonists, slaves, and abolitionists as well. Paul reminded the young followers at the church in Corinth that their commitment to God and to love would not be easy, but the challenges they faced were surmountable. The Christiansboth in Corinth and the American coloniescould defeat any hardship because God, in his grace, had already given them tools to do it. Pauls message was a reminder to use the gifts God gave them. The quote reveals that with continuous faith and love, both survival and salvation can occur. It is a message that served the Corinthians well, and it is a message that offered hope for future generations. The message, like the teachings of Jesus, said that Gods love and eternal salvation are offered to anyone and everyone; in fact, God even gives followers the tools he or she can use to survive and flourish. Pauls message is one of promised hope, but not everyone accepted it. Some in the American colonies embraced it with enthusiasm and vigor, while others twisted its meaning and converted the words for their own selfish reasons. The two spiritual approaches towards Pauls message are highlighted when examining the institution of slavery in America.

America Should Never Have Entered the Vietnam War Essay

During the Lyndon Baines Johnson presidential administration, both those policy makers who supported America’s involvement in Vietnam and those who opposed the war were part of the â€Å"containment generation.† They had reached political maturity during World War II and the early years of the Cold War and had experienced the intense anticommunism of the McCarthy era of the early 1950s. These leaders understood and applied the lessons of American nationalism, which had the primary message that the U.S. was the dominating nation that had to embrace its responsibility to aid and improve nations in America’s image. Therefore, when they saw that there was a threat of the spread of communism to areas of Southeast Asia, a majority of the†¦show more content†¦This logic led many to flee to Canada or simply resist the draft. Protesters felt that the United States should not be involved in another nation’s civil war especially a war that uses tactics su ch as saturation bombing, the killing of civilians, and the use of toxic chemicals. David Harris, a draft resister, wrote, â€Å"The war was an extraordinarily obvious violation of everything that I had been led to expect from the country I was a part of†¦.when my generation’s war showed up it turned to out to be a propping up of petty dictators so they could keep a good portion of their population in servitude† (Handout page 9). Mass protests occurred all around America. The New York Times wrote about just one protest that had occurred, â€Å"A vast throng of Americans, predominantly youthful and constituting the largest mass march in the nation’s capital, demonstrated peaceably in the heart of the city today, demanding a rapid withdrawal of United States troops from Vietnam†¦.There were a number of arrests and minor injuries, mostly the result of tear gas† (Handout page 10). These protesters understood what the war was really doing to Ame rica and how immoral our actions truly were, but many others were in support of the war, thus causing a division in the United States. In addition, there were an increasing number of politicians who were opposed to the war. Initially, the majority of politicians felt thatShow MoreRelatedThe Vietnam War and Communism1192 Words   |  5 Pages The Vietnam War was costly not only to our armed forces but to our American economy and American morale. We entered the war in an attempt to end the communist regime of North Vietnam and their southern allies, the Vietcong, from taking over South Vietnam. South Vietnam was an ally of the United States and due to this political relationship; the United States was entitled to help defend their ally. More than 58,000 Americans were killed in the Vietnam War. By 1969 it was the peak of American involvementRead MoreOpposing the Vietnam War Essay1023 Words   |  5 PagesOpposing the Vietnam War The War in Vietnam is one of the most controversial arguments in history. The main reason That it is so controversial, is because we lost. Both democrats and republicans argue that the way the war was handled should have been differently. Some ask why bother, the war is over and done with; that there is nothing anyone can do to change it. The amazing thing about history though is that we can learn from our mistakes, and make sure that nothing like thisRead MoreThe Vietnam War And The Soviet Union1535 Words   |  7 PagesThe Vietnam War During the Vietnam War, United States involvement was for personal reasons and fear of communism. Neither the United States or the Soviet Union should have been involved. The War was just used as a cover up for the actual silent, passive aggressive war between the United States and the Soviet. The Vietnam war was started by the North â€Å"Viet Cong† and their desire to unify Vietnam under communist rule. The South was against communism, making tensions grow until eventually, a war brokeRead MoreThe United States Involvement During The Vietnam War947 Words   |  4 Pagescountries. Some of those conflicts have turned out into wars. Looking back at America’s â€Å"track record† with war, America has a worthy past of having its citizen’s support. Obviously the two World Wars we not controversial. The United States in the Korean War was criticized, fairly, for its strategy, but the need to defend South Korea was never questioned. In only the Vietnam War was the United States’ very participation criticized. This is such a gigantic change with prior wars that it bears study as to whyRead MoreBob Dylan Vietnam878 Words   |  4 Pagesa time often called the decade of discontent because of demonstrations against the Vietnam War. Americans were divided between patriotism and the desire for peace. Some agreed with President Johnsons involvement in Vietnam for the common goal of eliminating communism, others became entranced in the peace movements that usually involved mass protests. For those who protested American involvement in the longest war they ever took part in, songs of the times were an inspiration, particularly songs ofRead MoreEffects Of The Vietnam War On America1559 Words   |  7 PagesDoogan America in history 3H, Pd. 8 20 January 2015 Effects of the Vietnam War The Vietnam War is one of the most debatable and controversial wars in U.S. History. To this day people are questioning why we ever entered a war that was over 8,000 miles away. Why would we put our soldiers through such harsh fighting conditions and why would we spend so much money on a war that was not ours? Some people say that U.S. involvement was necessary to help end Communism and important to keep South Vietnam fromRead MoreThe Negative Impacts Of Isolationism And Isolationism In America1716 Words   |  7 PagesFor years America has been seen as the world’s hero swooping in and saving the day from foreign bad guys, or at least that’s America sees itself as. To many other countries however America is often seen as the world’s bully or just a nuisance. The United States has had many positive impacts on the world and those seem to over shadow the large number of negative impacts it has imposed as well. The world has been changed by the U.S. in both positi ve and negative ways, and this is due to the alternatingRead MoreThe Vietnam War: The Mental, Social, and Physical Effects on the Soldiers1402 Words   |  4 PagesIn 1961 the worst war ever fought by America had just started. The Vietnamese of the north also known as the Viet Cong had invaded the south to take control of the entire country. America and other democratic countries felt the spread of communism to this country would be a stepping-stone for other communistic countries around the world, also known as the Domino Effect. America, as cocky as they were, invaded Vietnam to help the southern Vietnamese. Although America is one of the most powerful countriesRead MoreEffects Of The War On The Vietnam War Essay1478 Words   |  6 Pagescalamitous American involvement in the Vietnam war exposed a plethora of social and political ambiguities in 1960s society. The loss of the war can be attributed to a number of things - poor foreign policy, Johnson’s failure to adequately justify American involvement, the lack of direction for the war or viable strategy, and U.S. troops being unable to compete with the foreign terrain of Vietnam. In this essay I will argue that among the numerous reasons the war was lost, three were the most notable:Read MoreLyndon Johnson And The Vietnam War934 Words   |  4 Pages1969, Richard Nixon entered the executive office picking up the pieces Lyndon Johnson who had left while the Vietnam War was still in effect. Many Americans had the expectation that Nixon would be the â€Å"peaceful president†, visualizing he would put an end to this war in Southeast Asian and bring back home our troops. A policy Nixon redefined was the American role in the world by suggesting to limit the U.S resources and commitments. Therefore, Nixon’s set his efforts to end the war since the withdrawal

Non-Conformity in The Catcher in the Rye and Igby Goes...

The Catcher in the Rye ¬ and Igby goes down, written by JD Salinger and Burr Steers respectively, explore the issue of non-conformity among youth. As Steers’ text is an appropriation of Salinger’s, similar ideas and opinions are presented, however they are affected by both context and medium in the way that they are conveyed, and the composers view on the issues. Despite this, their purpose remains the same, and that is to show the positive and negative sides of non-conformism on the mental and physical health of contemporary youth. The issues used to convey this purpose are conformity, growing up and relationships, however these are all intertwined throughout the two texts. The most direct way that the composers explore the issue of†¦show more content†¦In contrary to this, the difference in medium in Steers’ Igby Goes Down does not allow for this vessel of empathy; rather, the audience empathises with the character of Igby by seeing his physical reaction to the events around him. For example, the scene where he begs Sookie to come away with him through a closed door uses the techniques of misc-en-scene and symbolism to show the dramatic effect of the situation on Igby. The audience sees the reactions of Igby and Sookie with only one character on screen at a time, even though they are so close. In this scene, the door acts as a barrier and a symbol that they are far apart, which is representative of their gap in age and why Sookie feels she is more suited to Igby’s brother. Through this issue and the techniques used, Salinger and Steers are able to show the effects of non-conformism on contemporary youth. Another theme that is explored in both The Catcher in the Rye and Igby Goes Down is growing up. Essentially, both of these texts are a rite of passage novel, where we see the protagonist develop though their time of adolescence in search for individuality. The journey that the characters in each of the texts take is originally similar, but result in different outcomes. In Salinger’s text, the character of Holden attempts to stay innocent in the corrupt society in which he lives. Salinger, through this, isShow MoreRelatedComparative Essay - Catcher in the Rye vs. Igby Goes Down1552 Words   |  7 PagesComparative Essay The Catcher In The Rye by J.D. Salinger and Igby Goes Down by Burr Steers are both displayed as rites of passage texts. The respective protagonists of these two texts are Igby Slocumb and Holden Caulfield. These two characters are both on a journey motif, a journey of self discovery in which they both attempt to find meaning in life and understand societies values and attitudes. The two protagonists demonstrate non-conformity and rebel against the apparent hypocrisy present inRead MoreJ.D. Salingers Catcher In The Rye and Burr Steers Igby Goes Down1493 Words   |  6 Pages Comparative Essay The Catcher In The Rye by J.D. Salinger and Igby Goes Down by Burr Steers are both displayed as rites of passage texts. The respective protagonists of these two texts are Igby Slocumb and Holden Caulfield. These two characters are both on a journey motif, a journey of self discovery in which they both attempt to find meaning in life and understand societies values and attitudes. The two protagonists demonstrate non-conformity and rebel against the apparent hypocrisy present in

Business plan evaluation Essay - 726 Words

Adorable Pet Photography MGT/401 Introduction Adorable Pet Photography (APP) is a sole proprietorship company that promises to capture memorable pet pictures for their clients. I have chosen APP from the Business Plan Pro software’s sample database to consider it for investment purposes. The following evaluation will explain my intent to invest in APP based on the overall writing of the business plan, feasibility of the plan, and the competencies needed by the entrepreneur to be successful. Writing Evaluation Adorable Pet Photography’s business plan is overall well written. The entrepreneur has adequately portrayed the company’s goals, how he intends to meet those goals, qualifications, and assets. The plan is†¦show more content†¦The business plan states APP will be a part time business at first until it grows a large enough client base to fund a full time effort. It also claims that it will provide consistent quality products at a competitive price with an emphasis on customer satisfaction and flexible hours. Though there are many positive points to consider when assessing the feasibility of APP, there are a few concerns too. I would like more information on how APP plans to offer flexible hours to clients while at the part-time capacity. If the part-time schedule of APP is to accommodate another job or income source, I would like an explanation of how the two schedules will not interfere. Another concern to address is plans and funding for futu re equipment. The owner states that he owns all of his own equipment but photography technology changes quickly. Does he intend to keep up with the latest equipment to meet the expectations of his clients? Where will the funding for new equipment come from and how often does he plan to upgrade? Will he be replacing cameras and other hardware? What about photo editing software and the computers to run them on? Overall I find Adorable Pet Photography’s business plan and goals to be feasible. There are a few follow up questions and concerns, but a meeting with the owner should clear those up. Conclusion Adorable Pet Photography has done a good job with their business plan. It isShow MoreRelatedBusiness Plan Evaluation3487 Words   |  14 PagesBusiness Plan Evaluation: Zara Restaurant Lounge (Revision) After completing my first evaluation of Zara’s business plan I could not help but feel that I had missed something in my analysis. It was over the next week that I realized that I had failed to thoroughly evaluate the plan. At a glance, I thought the Zara concept was intriguing and as a bonus, aligned with my own dream to open a restaurant. I wanted to believe in the plan so much that I missed its weaknesses. Having time to reviewRead MoreEvaluation Of A Strategic Business Plan946 Words   |  4 PagesA strategic business plan follows a structured process which defines the purpose and goals of the company, and then adds the actions necessary to reach those goals. Quality planning will provide more recognition and commitment to the quality effort. Quality Council: The group which will develop guidelines, measure progress and assist with implementation of the quality objectives. The Quality Council is responsible for the growth, control, and effectiveness of total quality. Quality Policies:Read MoreEvaluation Of A Strategic Business Plan6241 Words   |  25 PagesASSESSMENT Part 1: Quantitative Analysis Brief Project Introduction Business plans are necessary for growth and success of companies. As cited in Scott (n.d.), a strategic business plan is a written document that pairs the objectives of a company with the needs of the marketplace. The plan allows businesses to focus on a particular niche in the marketplace, which makes sales, advertising and customer management more effective.† The plan helps businesses evaluate its strengths and weaknesses and provideRead MoreBusiness Process Change Plan Evaluation1049 Words   |  5 PagesBUSINESS PROCESS CHANGE PLAN EVALUATION GB560 Designing, Improving and Implementing Processes Session # 1105D Unit 6 Assignment Alicia Fields Kaplan University August 30, 2011 The importance of understanding Business Process Change Business processes comprise a set of sequential sub-processes or tasks, with alternative paths depending on certain conditions as applicable, performed to achieve a given objective or produce given outputs. Each process has one or more needed inputs. The inputsRead MoreEvaluation Of A Backup Plan For The Business Enterprise1637 Words   |  7 Pagesthere need to be a backup plan that restores the gadget to its preceding level to minimize the effect to the business enterprise’s functionality. Research has proven that forty three% of companies that have any backup in location never reopen, and that a catastrophe stage occasion can damage the machine and cost 25% of the sales. Having a sturdy backup plan in region allows us avoid going through such effects. There are numerous again up strategies that can act as a backup plan for disaster get betterRead MoreStrategic Report On Strategic Information System Planning Essay1333 Words   |  6 Pagesalliance s Information System mast erminding ought to be changed by general business thinking, and occasionally may even change into a making wellspring of high ground. 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Green Cabs currently possessesRead MoreProperty Preservation Proposal1457 Words   |  6 Pages New business plan Introduction: We are student of entrepreneurship and we are going to start a new business project given by our respected Sir Shabir Haider, so we are presenting our business plan which includes following contents: †¢ Business idea †¢ Goals an objectives †¢ Opportunity assessment †¢ Risk and returns of opportunity †¢ Opportunity versus personal skills and goals †¢ Competitive environment Business idea: Our business will provide serviceRead MoreNotes On Saving Dreams Through Entrepreneurship Essay1821 Words   |  8 PagesTable of Contents Introduction 3 Saving Dreams through Entrepreneurship 4 Organization’s Description 4 Mission Statement 4 Goals 4 Objectives 5 Organizational Management 5 Code of Ethics 6 Action Plans/Implementation/Activities 6 Marketing Plan 7 Financial Management 8 Projected Expenditures Table 9 Evaluation Process 9 Summary 10 References 11 JOURNALS: 11 BOOKS: 11 WEB REFERENCE: 11 Introduction In 2015, the Washington, D.C. unemployment rate ranged between 6.6% to 7.4%. 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Essay about Cultural Influences on Identity Development

The question we are answering is, how does culture influence identity development? By the end of this paper you would be able to conclude that no matter what the surroundings of an individual is it will have some sort of an effect on either the physical or mental aspects of an individual. In order to answer this question we must understand how identity is developed, what culture consists of and concluding how culture influences identity development. First and Foremost in order to know what motivates identity development we must understand how identity is developed. Identity development starts with infants discovering of self which continues throughout childhood and become the focus of adolescence. According to Erik Erikson the goal of†¦show more content†¦During childhood, self – awareness continues both growing and changing. Children at young Ages describe themselves in terms of observable characteristics and behaviours, including physical attributes. Between ages six and twelve, children begin to include less concrete aspects of the self in their descriptions. School aged children talk about Their feelings (â€Å"I love my cat† ) and how they fit into their social world (â€Å"I’m the best defence on my team†).The cognitive, physical and social changes of adolescence allow the teenager to develop identity that will serve as a basis for their adult lives. In relation to Erikson this part of identity development would fall s under the identity versus role confusion stage, adolescents description of self-expands to include personality traits (â€Å"I’m positive†) and attitudes (â€Å"I don’t like stuck – up people†). The emergence of abstract reasoning allows adolescents to think about the future and experiment with different identities. James Marcia a clinical and developmental psychologist also has an interpretation of identity development. He theorized that identity development involves two steps. First, adolescent must depart from childhood beliefs and start to explore alternatives for identity development. Second, adolescents, make a commitment as to their individual identity in that Area. Marcia Identified four â€Å"identity statuses† to describeShow MoreRelatedHas Anyone Put Any Psychological Thought Into How They1483 Words   |  6 Pagestheir identity? Two psychologists, Erik Erikson and Jean Piaget, dedicated their lives to this type of development. Erikson theorists would take a social influence stance, and Piagetian theorists focus on one’s cognition. So, who is right? More knowledge has been obtained to know that human behavior should be social and the need to socialize with other people. Erikson believes this whereas Piaget thought of qualitative thinking that shapes a child. Erikson is more influential about identity developmentRead MoreAsian American Identity Development Model886 Words   |  4 PagesRCIDM and Multiculturalism Having knowledge of the Racial/Cultural Identity Development Model will help counselors to become more culturally competent. Although we know these phases, one must be aware of the cultures that counselors will be working with and how one’s beliefs can hinder the process. The five stages of the Asian-American Identity Development Model, developed by Sue and Sue, are: The ethnic awareness stage, White identification stage, the awakening to the social political consciousnessRead MoreBritish American Influence on Australia1015 Words   |  5 PagesBefore 1945, many people, including Australians themselves, considered Australia to be nothing more than a British colony whose national identity was virtually the same as the British. During this period of Australias history, our modes of entertainment, food, fashion, sporting culture and our social values and attitudes were largely dictated by British culture. One of the most significant changes to have taken place in Australian society since the end of WWII, has been its drift towards AmericanRead MoreThe Pivotal Influences On My Development797 Words   |  4 PagesDuring my middle childhood the pivotal influences on my development were participation in extracurricular activities and a love of reading. During middle childhood my parents enrolled me in ballet classes, various sports, and I competed in rodeos. These activities contributed to my social identity and social development. Through my extracurricular activities, I became aware of multiple aspects of my identity. For example, I knew to behave differently in my ballet classes than I might at a rodeo.Read MoreBackground and Global Influence of Japanese animation1540 Words   |  7 Pageslargest exporter of animation (Guo, 2013). The globalization of Japanese animation has huge development in recent two decades. Animation brings huge economic benefits to Japan. This essay will resea rch various aspects of Japanese animation, including background, global influences, differences between American and Japanese animation and cross-cultural communication. The research of this essay made one cultural flow of globalization clear. People all over the world will use artistic product with JapaneseRead MoreGlobalization And Its Impact On Culture And Identity1380 Words   |  6 Pagescultures, and influences. Due to the growth of technology use in the world, globalization, the process of interaction and integration among people, is spreading rapidly (What Is Globalization?†). Historically, people have often identified in a collective way in order to associate with a group, culture, or individual (Miladinovic). However, nowadays, this form of identification cannot be used as people are changing the way with they identify with others, due to the considerable influence of globalizationRead MoreAn Intrusion Of American Elements1508 Words   |  7 PagesThis intrusion of American elements replaces not only Chinese elements, but also the Vietnamese cultural identity. Contemporary culture, however, plays a different role. As current contemporary movies, music, visual arts and other entertainment forms produced by Vietnamese resolve around the Vietnamese â€Å"national cultural identity†, which almost always incorporates Chinese elements or Chinese influence in some ways: in its language, practiced customs, art motifs, etc., as addressed. Vietnam’s contemporaryRead MoreWhat Role Do Relationships Play in Developing Positive Learning Environments?1726 Words   |  7 PagesWhat role do relationships play in developing positive learning environments? Relationships play a very influential role in the development of a positive learning environment, as the relationship between the child’s immediate environment and settings all need to co-exist and work collaborative together, to form a positive learning environment. Relationships need to be formed, as it provides for the child with consistent support and can assist the child to develop skills and understandings they needRead MoreThe Issues of Globalization on National Cultures of Indonesia1272 Words   |  6 Pagessectors of life and make significant influence on world community. In the past, people only connect with the local culture. However, now hundreds of cultures around the world can be accessed. Indonesia as a one of the developing country in the world is also experiencing the effects of rapid globalization. The influence of globalization on national cultures covering a variety of sectures such as cultural life that are sooner or later will affect the principle of identity and national culture of IndonesiaRead MoreCultural Identity And Well Being1321 Words   |  6 PagesAssignment 2 Is there a relationship between cultural identity and well-being? Introduction This paper will weigh if there is a relationship between the psychological constructs of cultural identity and well-being. First there will be a consideration on what defines a cultural identity and how it fits in with psychological development and well-being. Followed by an explanation of different perspectives of well-being. BODY Cultural identity is a part of the psychological self-concept that expresses

Contemporary Accounting GAAP-Based Accounting Amounts

Question: Describe about the Contemporary Accounting for GAAP-Based Accounting Amounts. Answer: Introduction Scholars from various nations propounded on the fact there was a major requirement for a common accounting board and standard that would bring harmonization in the accounting standards and would consequently remove the pitfalls and the shortcomings that was seen in the local accounting standards. There was a critical requirement of a uniform reporting standard that would remove the deviations observed in various local accounting standards. The convergence program between FASB and IASB turned out to be the groundwork for the creation of IFRS. International Financial Reporting Standards are created as a common platform and standard for business house to base the preparation of their financial reports and statements. IFRS is designed to bring about transparency and cohesive understanding of accounts on a global level. It is a product of globalization, which reflected the growing incident of cross boundary capital flows. Since there were various variations and discrepancies in the nation al accounting board, the concept of IFRS was enacted and initiated to bring about uniformity and harmony in the accounting standards. The characteristic of IFRS is true and fair representation of financial statements and incorporation of transparency in financial statements. It embarked on fair valuation of assets instead of historical cost (Chatfield and Vangermeersch 2014). The study outlines the brief overview and history of International Financial Reporting Standards and the issues and development of Australia in adopting IFRS as the financial reporting standards. 1. History of International financial Reporting Standard The International Accounting Standards Committee was formed in 1973 with a purpose to address the requirements for standards that could be utilized by emerging nations for establishing and developing their respective accounting standards. The International Accounting Standards Board succeeded this board in 2001 (Miller and Power 2013). The IASB is a private body for setting of standards for non profit organizations and other government organization. It is situated in London. The fifteen members of the body were chosen on the grounds of technical skills and the members hailed from different countries. Four members of the group hailed from the United States of America. Fundraising activities were the sources of funds for this group. When IASB changed to International Financial Reporting Standards, one of the biggest challenges that were ahead was the arrangement of requisite funds for IFRS. Stability of fund was another major requirement. The main objective of IASB was to promote IFRS. Since IFRS was in the nascent stage and it was the duty and role of IASB to safeguard and protect IFRS. The regulatory structure and principles are very identical to Financial Accounting standards Board (FASB) in the United States of America. The IASC (International Accounting Standards Committee) was the body to whom the IASB reported to (Walton 2016). The introduction and the growth of the global market resulted in for a requirement of uniform set of financial reporting style and statements. It led to the need for a common language regarding global reporting. In relation to this, the IASB and FASB put forth the Norwalk Agreement in the year 2002 (Moore et al. 2013). There was a marked congruency in the requirements between the two boards and the agreements between the two boards paved the way for the requirement of a common standard of accounting standard that would be high standard and would facilitate reduction in cost, enhancement in the efficiency and fair and transparency in the information aspect for investors and stakeholders. The European Union required the listed companies to make and construct a consolidated financial representation under the standards and guidelines of International Financial Reporting Standards, from the year 2005. The two bodies namely, FASB and IASB stressed on a series on common and significant proj ects. The Securities and Exchange Commission enacted two major steps that acted as a catalyst and increased the pace of the timeframe of transformation of GAAP to IFRS (Brochet, Jagolinzer and Riedl 2013). Following in November, SEC released a final statement that permitted the foreign filters based in the United States of America to develop a framework, regarding the preparation and submission of financial data that had to conform to the standards of the IFRS and it eliminated the reconciliation to GAAP. The Securities and Exchange Commission issued a Concept Release in December, which required the feedback of the US public companies regarding their opinions of using IFRS in place of GAAP. Private companies and no profit seeking organization were provided the choice of adopting IFRS since the AICPA Council revised the rule 203 of the Code of Professional Conduct in 2008, in the month of May and gave significant recognition to International accounting standard Board as an internatio nal and standard body of establishing accounting standards (Daske, Leuz and Verdi 2013). IFRS, also known as International Financial Reporting Standards comprises of 41 IAS and 9 IFRS and some of them have been supplanted. Due diligence is applied by a stringent code during the phase when IFRS was being implemented into action. The former debates of FACB are used by IASB when it comes to the point f establishing and developing new standard and policies. According to surveys and reports, around 12000 have adopted and accepted IFRS as the financial reporting standards across the globe. The preparation of the financial statements by public organizations is based on IFRS. The local accounting standards are formulated and based on IFRS. The countries that have adopted IFRS are in progress of implementing IFRS in the accounting reporting standards (Kober, Lee and Ng 2013). The Securities and Exchange timeline provides an outline of the approach that would be adopted for converging IFRS. This emphasised on a convergence project that would be made between FASB and IASB from November 2008 till 2011. In the year 2011 the Securities and Exchange Commission decided whether it would go ahead with the transformation of GAAP to IFRS or whether it would withdraw the resolution. If it was concluded that GAAP would be transformed to IFRS, then the result of this would be that United States of America would have to use and adopt IFRS in the early part of 2014 (Pasko 2016). The changes took place in different stages. Major accelerated filters would adopt IFRS for the financial year ending December 15, 2014. Most public companies had to adopt IFRS by December 15, 2016. This timeline was constructed with comment duration ranging for ninety days, which was followed by an extension of comment days till 20th April, 2009. The Securities and Exchange Commission presented i ts final report regarding the issue in July 2012, which was complemented by a recommendation. Thus, it can be seen that convergence of accounting standards on a global level was not a new concept. The requirement of IFRS was a product of globalization, after the World War II since cross country capital transaction began with some acceleration and the integration of economies of various countries. This was done with the intention of harmonizing the accounting standards and reducing deviations and variations in the accounting standards (Nobes 2014). 2. Australian Accounting Standard Board and the adoption of IFRS by AASB Current Australian accounting regulatory framework is the Australian Accounting Standard Board. It is vested with the responsibility for developing, establishing and issuing accounting standards. The Australian Accounting Standards Board (AASB) has provided the A-IFRS. These standards in the accounting framework conform to the standards and guidelines of IFRS. These declarations replaced the former Australian Generally Accepted Accounting Principles and this took effect from the period post 1st of January 2005. Australia is one of the few countries that adopted IFRS at such an early stage in the national accounting standards. IFRS and IAS are a major component of the AASB. The AASB applied certain modifications to the declaration of IASB and have implied that there needs to be additional disclosures for Australian companies as well as non profit organizations. The non- profit organizations are obligated to make their financial statements that conform to the standards of IFRS. AASB imply on reflecting the changes that are made by IFRS as local declarations. AASB has provided Amending Standards to eliminate some disclosure policies, which were in the Australian accounting reporting context. The process of adoption of IFRS began with the AASB Exposure Draft and the evaluation of the fact that whether IFRS would promote the interests of the Australian economy. Necessary time was given to become acquainted with IFRS and establish information systems. To effectively adopt IFRS, the AASB gave an issue of AASB 1047, which disclosed the effects and inference of Adopting Australian Equivalents to International Financial Reporting Standards in 2004, in the month of April. AASB 1047 embarked on the point that entities needed to reveal the impacts in the financial statements relating to the year preceding to the year IFRS was adopted. It was given emphasis that major characteristics of extractive as well as insurance activities in Australia were retained in IFRS. Problems faced by AASB There were certain issues that made AASB adopt IFRS. There were gaps that were noticed in Australian GAAP that contributed to the adoption of IFRS. The deviation and the shortcomings that were noticed in the preparation of financial statement led to the adoption of IFRS. The need for disclosure policies, which were absent in the previous AASB policies had led to the adoption of IFRS. The lack of transparency did not make the accounting standards of Australia credible and reliable for stakeholders. Thus, AASB moved ahead to adopt International financial Reporting Standards (Barth, Landsman and Williams 2012). However, AASB have to face certain challenges regarding compliance with IFRS. The starting expenses revolving around the adoption of IFRS, especially regarding the compliance with IAS 39 has been high. Another challenge is the transformation from the development of domestic and national standard to contributing and assisting in setting of international standards. AASB has been involved in setting standards that comply with IFRS (Barth, Landsman and Williams 2013). AASB has been seen to transform itself, which has made the board to indulge in research in the activities of extractive industries and intangible assets. This is one of the major challenges that the board has to face. AASB has to comments and introspects all documents of IASB during consultation since the board has to incorporate IFRS features in its accounting standards. This is one of the challenges for the board (Bond, Govendir and Wells 2016). One of the challenges for the board revolved around the fact that AASB had to communicate with IASB of various interpretations and it did not allow the board to develop its own interpretations. This was one of the major shortcomings of the IFRS. It made the unable to address its own issues without having to contribute to IFRS (Kang and Gray 2013). Another issue that adoption of IFRS poses to AASB is the active participation in IPSASB activities. This sometimes poses as a challenge for the board since such active participation at times tend to be a big hassle (Thalassinos and Liapis 2013). AASB has to major contribute to the standards and guidelines of non-trading organization and other public sector organizations. It has to focus and evaluate the different reporting standards. These are major issues that the board has to face in such issues (Kober Lee and Ng 2013). It can be viewed that the major challenge that AASB has to face in adoption of IFRS is mainly revolving around cultural, political and educational issues. The board has to interpret the various standards from time to time and make continuous modifications to the standards of IFRS. Cultural and political differences also tend to be a major shortcoming of IFRS in context of Australia. One of the issues that AASB is the uncertainly regarding the staffing and governance structure of IASB, which impacts on the standard setting process and in the process there is major dilemma in adopting IFRS (Morris, Pickering and Aisbitt 2013). The cultures are always undergoing change and regulation systems are developing and adopting IFRS in such circumstances is a major challenge (Newberry and Ram 2015). Conclusion On concluding it, it can be seen that IFRS has become an important element of reporting standard and accounting standard in various countries. Australian Accounting Standard Board has made rapid progress in adopting IFRS and incorporating its effect in its accounting standards, which yielded many benefit for the accounting board and the reporting standards in Australia. On evaluating the history and background of IFRS, it can be seen that development and progress of IFRS had undergone rapid and radical changes and the success of this reporting standard has transcended the sky. However, irrespective of the numerous benefit, which this accounting standard has provided, there are certain limitations of the IFRS in the context of AASB due to cultural, political and other technical issues. Referencing List Barth, M.E., Landsman, W.R., Lang, M. and Williams, C., 2012. Are IFRS-based and US GAAP-based accounting amounts comparable?.Journal of Accounting and Economics,54(1), pp.68-93. Barth, M.E., Landsman, W.R., Lang, M.H. and Williams, C.D., 2013. Effects on comparability and capital market benefits of voluntary adoption of IFRS by US firms: Insights from voluntary adoption of IFRS by non-US firms.Rock Center for Corporate Governance at Stanford University Working Paper, (133). Bond, D., Govendir, B. and Wells, P., 2016. An evaluation of asset impairments by Australian firms and whether they were impacted by AASB 136.Accounting Finance. Brochet, F., Jagolinzer, A.D. and Riedl, E.J., 2013. Mandatory IFRS adoption and financial statement comparability.Contemporary Accounting Research,30(4), pp.1373-1400. Chatfield, M. and Vangermeersch, R., 2014.The History of Accounting (RLE Accounting): An International Encylopedia. Routledge. Christensen, H.B., Hail, L. and Leuz, C., 2013. Mandatory IFRS reporting and changes in enforcement.Journal of Accounting and Economics,56(2), pp.147-177. Christensen, H.B., Lee, E., Walker, M. and Zeng, C., 2015. Incentives or standards: What determines accounting quality changes around IFRS adoption?.European Accounting Review,24(1), pp.31-61. Daske, H., Hail, L., Leuz, C. and Verdi, R., 2013. Adopting a label: Heterogeneity in the economic consequences around IAS/IFRS adoptions.Journal of Accounting Research,51(3), pp.495-547. Kang, H. and Gray, S.J., 2013. Segment reporting practices in Australia: Has IFRS 8 made a difference?.Australian Accounting Review,23(3), pp.232-243. Kober, R., Lee, J. and Ng, J., 2013. GAAP, GFS and AASB 1049: perceptions of public sector stakeholders.Accounting Finance,53(2), pp.471-496. Miller, P. and Power, M., 2013. Accounting, organizing, and economizing: Connecting accounting research and organization theory.The Academy of Management Annals,7(1), pp.557-605. Moore, C.M., Kasivisvanathan, V., Eggener, S., Emberton, M., Ftterer, J.J., Gill, I.S., Grubb III, R.L., Hadaschik, B., Klotz, L., Margolis, D.J. and Marks, L.S., 2013. Standards of reporting for MRI-targeted biopsy studies (START) of the prostate: recommendations from an International Working Group.European urology,64(4), pp.544-552. Morris, R.D., Gray, S.J., Pickering, J. and Aisbitt, S., 2013. Preparers' Perceptions of the Costs and Benefits of IFRS: Evidence from Australia's Implementation Experience.Accounting Horizons,28(1), pp.143-173. Newberry, S. and Ram, R., 2015. Understanding complexities in international accounting standard setting: agenda entry and the case of IFRS for SMEs. Nobes, C., 2014.International Classification of Financial Reporting 3e. Routledge. Pasko, O., 2016. Due Process of the International Accounting Standard Board.Accounting and Finance, (2), pp.50-56. Thalassinos, E. and Liapis, K., 2013. A Comparative Analysis for the Accounting Reporting of Employee Benefits between IFRS and other Accounting Standards: A Case Study for the Biggest Listed Entities in Greece.International Journal of Economics and Business Administration,1(1), pp.99-124. Walton, P., 2016. Aiming for Global Accounting StandardsThe International Accounting Standards Board 20012011.Accounting in Europe,13(1), pp.121-123. Zeff, S.A., 2016.Forging accounting principles in five countries: A history and an analysis of trends. Routledge.

Fall of the Western Roman Empire free essay sample

Political reasons are part of why the Western Roman Empire declined. The death of the emperor Marcus Aurelius was a huge set bad for romans. The empire faced problems only a strong leader could fix, but at this point they didnt have one. Aureliuss son ruled for twelve years, but he didnt focus much on Romes problems. A total of about fifty different men claimed the title of emperor who all spent most of their time eliminating enemies and protcting themselves of assasination attempts. To conclude, they did not have much time to address the empires problems like attacks on the Roman frontiers. Military issues also took part in the fall of the Western Roman Empire. The reason for this is that Roman emperors has been forced to station troops on the empires northern border to repel invading. When this happened is caused a panic and disrupted trade. We will write a custom essay sample on Fall of the Western Roman Empire or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Because of another threat, Rome leaders were forced to transfer legions that had been defending the nothern frontier. There were fewer Roman troops to defend the nothern borders so emperors began paying German warriors not to fight and hiring them to defend the frontier. At this time emperors were still protecting themselves against rivals by hiring mercenaries. Eventually the empire relied on mercenaries or paid soilders from outside the empire. Since Romes army relied on paid soilders, the emperor Septimus Severus wanted to rewaed them. By doing that he increased their pay by a third depleting the treasury and creating economic hardship for tax paying romans causing the empire to fall. Another reason the Western Roman Empire fell was economic and social decline. Since Romes army cost so much money everyone was experiencing hard times. The fighting on the frontiers made trade and travel dangerous and expensive. Armies ruined farmers fields damaging agricultural production. To make problems bigger, smallpox and other diseased invaded everywhere killing several million people. Romes leaders began minting more coins declining money in value leading to servere inflaction. The number of taxpayers were increased by extending citizenship to all free people of the empire. Cizitenszship wasnt as precious as it once was because people were paying outrageous taxes for a crumbling empire. For the reasons discussed above, policial, military, and economics the Western Roman Empire took a huge decline falling to pieces. Emperors were lacking, war was raging, prices and taxes were rising, and hardships were increasing causing the Western Roman Empire to decline. Although it took the place of many years the Western Roman Empire did fall for several reasons.

Social Stratification

In the case of the United States, economic, gender and social stratification has changed over the centuries (Tischler, 2010). The significant changes in economic, gender and social stratification are brought about by changes in the political, economic, and social landscape of this nation. There is one major transition point that played a critical roles in the said transformation.Advertising We will write a custom essay sample on Social Stratification specifically for you for only $16.05 $11/page Learn More This is the transitions from an economy dependent on manual labor to an economy based on mechanization and other forms of technology that resulted in the industrialization of the nation. These transitions on the other hand were aided by the effective expansion and development of the education system in this country. Before the United States became a geopolitical nation, it was a colony controlled by the British Empire. In that period of time before Ame rica was a sovereign state, the British introduced slave labor. Therefore, the social stratification during this period was simplified into farmers, plantation owners and slaves. The farmers will be considered poor by today’s standards but they are better off if compared to the Negro slaves. The economy was based on agriculture. It was also a male dominated society. Women played minor roles in nation building and focused on domestic work. The industrialization of the United States coincided with the emancipation of the Negro slaves. Beginning in the latter part of the 19th century the issue of race became a major bone of contention in different social spheres. Former Negro slaves were no longer forced to work under a slave master or a plantation owner. However, they were treated second-class citizens. More importantly the former slaves did not own any property; have very little money; and mostly illiterate. The Southern states can be characterized by extreme poverty especiall y if one considers the plight of the former slaves. In the Northern states, the social, gender and economic stratification was affected by industrialization. Farmers who used to work in the farms migrated to the cities. Industrialization created new social classes because the workers are paid on an hourly basis. They have no share of the profits and those who had the capital to establish factories raked in the majority of the income of the said enterprise.Advertising Looking for essay on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More Industrialization was not only limited to the Northern states, factories began to sprout all over America. Industrialization proved to be an efficient way to harness resources and it did not take long before the economic benefits trickled down to the masses. A new social class was created in the 20th century and these are: Upper class; Corporate class; Middle and working class; Those who are po or (Andersen Taylor, 2011). Technology enabled many to achieve greater economic success. Based on the new social order and economic power of individuals, many Americans were able to access higher education. As a result the feminist movement succeeded in promoting gender equality in the workplace and the homes (Kendall, 2011). Conclusion The transformation of the economic, gender and social stratification in this country was brought about by changes in the political, economic and social landscape. The highpoint was the transition from manual labor to industrialization as well as the rapid changes in technology that paved the way for new social classes in the 21st century. It has to be pointed out that when America was still a colony of the British empire, the socio-economic stratification was simple. The upper class was comprised of plantation owners and the rest were farmers. The introduction of Negro slaves created another social class, nevertheless, the stratification was simple . But the advent of industrialization, coupled with significant changes in the economic and political spheres paved the way for greter social mobility. References Andersen, M., Taylor, H. (2011). Sociology: The essentials. OH: Cengage Learning. Kendall, D. (2011). Sociology in our times. OH: Cengage Learning. Tischler, H. (2011). Introduction to sociology. OH: Cengage Learning.Advertising We will write a custom essay sample on Social Stratification specifically for you for only $16.05 $11/page Learn More This essay on Social Stratification was written and submitted by user Korath to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Taking an English Regents Essay

Taking an English Regents EssayWhen you are interested in taking an English Regents Essay, the first thing that you should know is what to do. There are two important steps that you need to follow to be able to pass this test. It all starts with a good study program and you will also need to know how to prepare for your essay.The first step to take is to study your essays that you found in the internet and reading several English Regents Essay samples. The reason why you need to do this is because the English Regents Essay has eight tests that you need to write and present your thoughts on. You will have a certain amount of time to fill in these test papers and you will have a certain amount of things that you need to put down on each of these papers.The next step to follow is to know the topics that you are going to cover in your English Regents Essay. Many people find that they are writing essays on things that they have never been in the industry of. This can make it difficult to remember what you are talking about and how you are going to present it.If you plan on taking this test then you will need to be comfortable with the topics that you will be writing on. You are not required to cover everything on the test, but just make sure that you have some sense of what you are going to say. If you take into consideration that this test is used to find teachers and the only way to be qualified is by passing this test then you will need to have an understanding of the kind of subjects that you can talk about.There are many people who try to find free English Regents Essay samples in order to give themselves a more challenging writing style. This can be a great thing if you are a novice writer. However, if you are serious about the job then you need to get more involved in the subject matter that you are writing about.The other thing that you should do when you are taking the English Regents Essay is to have a solid idea of what it is that you are going to be doin g. You may think that it is difficult to think ahead of time but the truth is that you can do it. You need to start thinking about what you are going to do when you go to school.The last step to take when you are trying to prepare for an English Regents Essay is to find a tutor who will help you learn the things that you need to know. If you get yourself in the habit of taking a step by step approach then you will find that the process will be a lot easier for you.

Free Essays on The Information Superhighway

The Information Superhighway While the information super highway has had an effect on society, all is not positive and toward a goal of the growth to society. Corporations may experience a growth in profits by selling goods via Internet and increase these profits by the reduction in work force. This reduction in workforce, however, reduces the quantity of available purchasers, having a negative economic effect on society. In addition to the negative economic effect society as a whole is about to suffer immeasurable harm. Social interaction has been reduced which will have an effect on society interaction. While the speed and ease of the information age has been good for profit lines in some corporations, others have been trying to play catch up in the technology explosion, which has given society an â€Å"I need it now† mentality. Small companies who used to rely on local workforces, the teens of America, the future of society, now have been shoved aside like abandoned unwanted children in third world countries. Major corporations like Wal-Mart, Target, Lowe’s and Home Depot have monopolized the shopping experience once enjoyed by the mom and pop stores, the backbone of small town America. Where there once were thriving stores owned by families who employed friends and relatives, there are now vacant buildings and thrift stores selling used clothing and furniture. The â€Å"Super Centers† have invaded and crippled small town America and have gone further offering Internet shopping for ‘our convenience’. The reduced need to employ the younger gener ation has lead to an increase of unemployment especially in small towns. The reduction of workforce may strike back at the big corporations, though, due to the reduced amount of money able to be earned and, therefore, spent by the population as a whole. Reduction in workforce for profits alone would appear to have an effect on the spending force, and also have an effect on the wo... Free Essays on The Information Superhighway Free Essays on The Information Superhighway The Information Superhighway While the information super highway has had an effect on society, all is not positive and toward a goal of the growth to society. Corporations may experience a growth in profits by selling goods via Internet and increase these profits by the reduction in work force. This reduction in workforce, however, reduces the quantity of available purchasers, having a negative economic effect on society. In addition to the negative economic effect society as a whole is about to suffer immeasurable harm. Social interaction has been reduced which will have an effect on society interaction. While the speed and ease of the information age has been good for profit lines in some corporations, others have been trying to play catch up in the technology explosion, which has given society an â€Å"I need it now† mentality. Small companies who used to rely on local workforces, the teens of America, the future of society, now have been shoved aside like abandoned unwanted children in third world countries. Major corporations like Wal-Mart, Target, Lowe’s and Home Depot have monopolized the shopping experience once enjoyed by the mom and pop stores, the backbone of small town America. Where there once were thriving stores owned by families who employed friends and relatives, there are now vacant buildings and thrift stores selling used clothing and furniture. The â€Å"Super Centers† have invaded and crippled small town America and have gone further offering Internet shopping for ‘our convenience’. The reduced need to employ the younger gener ation has lead to an increase of unemployment especially in small towns. The reduction of workforce may strike back at the big corporations, though, due to the reduced amount of money able to be earned and, therefore, spent by the population as a whole. Reduction in workforce for profits alone would appear to have an effect on the spending force, and also have an effect on the wo...