Friday, November 29, 2019
egypt Essays (192 words) - Parachuting, Parachute, Chute
A parachute is a device used to slow the motion of an object through an atmosphere by creating drag, or in the case of ram-air parachutes, aerodynamic lift. Parachutes are usually made out of light, strong cloth, originally silk, now most commonly nylon. Parachutes must slow an object's terminal vertical speed by a minimum 75% in order to be classified as such. Depending on the situation, parachutes are used with a variety of loads, including people, food, equipment, space capsules, and bombs. The word "parachute" comes from the French prefix paracete, originally from the Greek, meaning to protect against, and chute, the French word for "fall", and it was originally coined, as a hybrid word which meant literally "that which protects against a fall", by the French aeronaut Fran?ois Blanchard (1753?1809) in 1785. Regarding the cost of a parachute people can not just buy a parachute and that's it, Because you basically need four items... Deployment pack .... $2K Main chute .... $1500 to $2000 Reserve ..... $1500 to $2000 Atuomatic Deployment System (Incase you are unable to deploy the chute .... $1500 to $2000 Being able to jump out of a perfectly good airplane? ..... Priceless.
Monday, November 25, 2019
Labor Unions Negative Effects on Economics
Labor Unions Negative Effects on Economics Unions are regarded as associations that bargains with other companies, enterprises and other relations on behalf of their members. They range from those trade unions that negotiate for the workers that perform certain work, to industrial unions that negotiates for workers who belong to a certain industry (Waterwal in Work para. 3).Advertising We will write a custom essay sample on Labor Unions Negative Effects on Economics specifically for you for only $16.05 $11/page Learn More Although Labor unions play an important role in ensuring employees security and higher pays in their jobs, they have proved to negatively affect the overall economy. This is because they aggravate unemployment, reduced industrial expansion and promote large racial inequality in income. Unions affect the labor environment in two ways which include controlling the labor supply and increasing its demand. Some of the mechanisms used by labor unions to ensure that the salaries and wages of their members are increased include: push for an increase for the minimum wages. This translates to an increased cost on the labor for those companies that hire low-skilled work force. This minimizes the disparity between the wages that is paid on the lowly-skilled with that is paid to the highly skilled (. Radlciff para 2) As a result of this, the highly skilled workforces often forced to join labor unions so that they can negotiate on their behalf for an increase of their wages. Similarly, they can achieve the same by augmenting the marginal productivity of its members through training so that to have base for negotiating for an increment of their wages. With the advancement in globalization and existence of a very effective e business that is enabling people to purchase different products and services online globally and at a lower cost, many people and companies are opting for the e commerce. This has been boosted by the highly fluctuated prices of locally produced commoditie s as a result of the increased cost of production due to the high wages paid on workers. To discourage this trend many unions are restricting such behavior by imposing quotas and tariffs to control importations. This then increases demand of local products that consequently increases the demand of domestic demand. They control labor also by lobbying for tight immigration rules. This makes it difficult for foreigners to migrate into these countries. These mostly affect the low skilled work force. Through these mechanisms labor unions are able to achieve their objective of controlling labor supply so that to ensure that they hike wages. This has resulted to the labor unions affecting the economy negatively through the following way:Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Labor unions have been noted to increase the unemployment rate. This is because labor unions are known t o decrease the labor supply in the market. They do so through the restrictions they put on various sectors on the kind of people to hire (Beik 8). By doing so the unions increases the average pay that is paid to employees to make it be above that which should naturally crop up in the market. This makes the juncture of new labor and demand curve to happen at a lower level than normally. As a result of this, there the number of unemployed people is large since many enterprises can only afford to employ few workers due to the high wages they demand. Thus, labor unions should be eliminated so that to reduce the current high unemployment that is being experience in many countries. For instance, the unemployment rate in Germany is 8.5% and 9.6% in US. Therefore, if the labor unions are eliminated the unemployment rates will decrease as many industries will be able hire more workers at a lower cost, but as long as these restrictions persists, the unemployment will continue increasing since every company try always to minimize its cost of production to enable it maximize its profits and one way of ensuring this is by cutting down on the labor cost by either cutting down its work force and capitalize on the few. Labor unions lead to slow growth and loss in business value. Negative effects of labor unions are experienced significantly by small enterprises. This is because their profit margins are generally small. To survive and run at a profit they must employ the right strategies and tactics that will enable them operate at a lower cost to avoid operating at a loss due to the thin profit margins that is associated with them (Holley, Jennings and Wolters 79). Thus, by the labor unions contributing to higher employees wages, it leads to slow growth of businesses because high labor cost often triggers closer of many such enterprises and mostly during the time of economic depressions. Thus, this greatly hinders the expansion of businesses and the whole industry in general. To avoid such limitation, the labor unions should be done away with so that the wages can be dictated by the market which is often lower than that advocated by these unions. Through this process many small businesses will flourish and thus help in the overall economic growth. Labor unions are also associated with increased pay disparities (Radcliff para. 4). This mostly happens when unions offer their employees very high wages. Similarly, they often lead to an increase in unemployment for those that are not members. This can have an effect of lower average wages and high unemployment to the minorities in the sectors affected.Advertising We will write a custom essay sample on Labor Unions Negative Effects on Economics specifically for you for only $16.05 $11/page Learn More Labor unions lead to increased prices for products. Many critics compare labor unions with cartels. This is because they both use the same principal of cutting down supply for a thing so that to increase its price (Radcliff para 7). Unions as cartels limit the workforce supply and increase their pay. The productivity of the company is greatly reduced due to the limitation of the work force. This coupled with high labor costs forces companies to sell their produces at a higher cost so that to offer their employees the high wages they demand (Vedder and Gallaway 107). This is realized at the expense of their consumers. Thus, the principle used by the labor unions do not help to improve the overall economy, since the only people that do benefit from it is the union members who enjoy the high wages. The people that mostly gets affected negatively are those consumers that happen do not happen to belong to any union as they are forced to pay elevated prices to satisfy the ego of a few. Therefore, such unions should be abolished as they can be viewed a calculated move of exploiting the marginalized. Labor unions results to non-motivated and less skilled work force. Indivi dual workers do not have powers to negotiate for themselves and this is the reason they join labor unions which are mandated with this responsibility (Beik 82). The labor unions therefore do not want the employees to perceive that their own efforts are the reason for their wage raise, but perceive it as a result of the handwork of the unions. This creates bias nesses in the remuneration process since increment is based on how long an employee have been with the union, but not on productivity and skills. Thus, the less competent workforce enjoys better pays than those skilled and highly motivated employees. The failure of labor unions use merits when bargaining for pay increase of their members leads the highly motivated work force to become less motivated since their extra efforts are not motivated (eHow Contributor para. 6). Similarly, it limits the zeal for many employees to pursue further education which as their extra skills will not be recognized. This reduces productivity and innovations since many industries are then saturated with unskilled and non-motivated workforce. This greatly affects the overall economy. Unions are known for long to help many employees receive good wages and favorable terms of employment. This has resulted to an improved standard of living for majority of these workers. This is because an increase in their wages enhances their buying potential which intern affects the economy positively.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More On the other hand, labor unions have been noted to cause more harm to the economy that good since they have accumulated more power day by day and currently are behaving like cartels whereby they are cutting down the labor force to increase its demand so that to hike the wages of their members. This have resulted to many companies closing down, underperforming due to shortage of workforce as many organizations cannot afford to employ many workers at such high wages. Thus, labor unions should be eliminated to so that to boost the overall economic growth. Beik, Mildred. Labor relations. Westport, Connecticut: Greenwood Publishing Group, 2005. Print. eHow Contributor. Bad effects of labor unions. 2010. 02 December 2010. Holley, William, Jennings, Kenneth and Wolters, Roger. The Labor Relations Process. Stamford, Mass: Cengage learning, 2008. Print. Radcliff, Brent. Unions: Do they help or hurt workers? 2010. 02 December, 2010 https://www.investopedia.com/articles/economics/09/unions-wo rkers.asp Vedder, Richard and Gallaway, Lowell. The economic effects of labor unions revisited.Ã Journal of Labor Research, 23.1(2007):105-130. Waterwal in Work. Labor unions and the economy: how they have a negative net benefit. 2010. 02 December, 2010 http://socyberty.com/
Thursday, November 21, 2019
Assignment 1b Scenario Essay Example | Topics and Well Written Essays - 750 words
Assignment 1b Scenario - Essay Example In the final section IV, there is some basic information about the financial considerations of our new project. My role in this project will be to provide the analytical information about the project to the management, which will help the management to carry out their decisions and make plans and strategies for the project. Reporting on different aspects of finance will be provided; this reporting will be based on historical data taken from financial accounting team and also with some research done on similar works carried out by our organizati0on as well as the competition. Information provided by me will give a birdââ¬â¢s eye view of project finance to the management. In addition, I will also be providing some extrapolations, suggestions, cost and profitability analysis, so that management is well informed about the trends and realities in project finance, thus helping their decision making on project finance issues. In brief, following will be my responsibilities in the project. Though my reporting will primarily based upon the inputs provided from the financial accounting department, research and analysis, yet there is remarkable difference in the activities of financial accounting department and my work. Financial accounting department basically works for information gathering, recording, maintaining and reporting according to the standard ways in a generic manner whereas my role will be to provide the information on specific issues and targeted for management. My role can be differentiated from that of financial accounting team as follows: Management Accounting is the branch of Accounting that deals primarily with confidential financial reports for the exclusive use of top management within an organization. These reports are prepared utilizing scientific and statistical methods to arrive at certain monetary values which are then used for decision making. Financial Accounting, on the other hand, concentrates on the production of financial reports,
Wednesday, November 20, 2019
Debt Vs. Equity Financing Paper Essay Example | Topics and Well Written Essays - 750 words
Debt Vs. Equity Financing Paper - Essay Example On the other hand the process of issuing stock so as to raise capital for a firm is called ââ¬Å"equity financingâ⬠. This is a study set out to discuss these two sources of financing for a firm and eventually choose the better alternative depending upon the merits and demerits associated with either. To achieve this, these will be a vivid answer to the question, ââ¬Å"which are the differences between debt financing and equity financing and which alternative is preferable to the other?â⬠(Livingstone and Grossman, 2001) Debt financing refers to the money borrowing from a source outside the business and this is accompanied with a promise to repay the principal together with the interest agreed upon by the parties. Start up as well as established companies usually turn to this source of financing to fund their operations. In the context of finance, a debt is also known as leverage. Examples of places or sources from which businesses can get debt finance may include banks and other sources like issuing by a private company or friends. Merits associated with debt finance are several. Firstly, debt financing helps a company maintain the ownership structure. That is, when a business borrows from a bank it is only obliged to pay principal and interest on time and that is the end of such an obligation. Secondly, its principal as well as interest are put in the profit and loss account of a business as expenses and this helps by deducting from the company the associated income taxes. (Richards, 2009) However, this funding source is disadvantageous to a business. The interest payments going with the debt increase the break-even point of a business. Also, the higher a companyââ¬â¢s leverage or debt-to equity ratio the chances of securing credit from a lender. A debt can also restrict the actions of the management of a company in that owners of the firm are obliged to personally guarantee loans and thus may be called for to secure repayment by pledging
Monday, November 18, 2019
Richard Nixion Essay Example | Topics and Well Written Essays - 1000 words
Richard Nixion - Essay Example It is high time that the American masses must recognize the achievements of Richard M. Nixon as an astute president and a great leader. Presidents like other common people, simply cannot choose the families in which they should be born. Richard Nixon certainly had a troubled childhood lacking in any form of motherly love and affection (Powell, 1999). An ill-tempered father who did not hesitate from exposing his progeny to blatant abuse and intimidation further worsened this situation (Powell, 1999). The battered and gloomy childhood of Nixon was further burdened by his father's panache for endowing his children with grandiose names owing origins to the English kings (Powell, 1999). Hence, Nixon always had to face bitter circumstances on the personal side of his life, giving way to an anxiety driven mindset obsessed by a yearning to win acclaims and honors from the people he intended to serve. Analyzed in such a backdrop, the achievements of Nixon as a man and a leader definitely stand to be tremendous and remarkable. Primarily, Nixon was a polished politician. In fact, there is no denying the reality that Nixon was a politician par excellence, who started exhibiting his tact and ingenuity right from the start of his career (Small, 2003). The politics of Nixon was always a mix of passion and drive. He successfully fructified his very first campaign for a congressional seat by tactfully revealing the left wing affiliations of his opponent. He established himself as a worthy tactician and strategist who was known for his strong anti-communist leanings, a trait that secured his candidature for the vice-presidency in 1952 (Pious, 2002). In the presidential campaign in 1952, he singlehandedly turned the tables against Adlai Stevenson by projecting himself as a champion of integrity and uprightness through a nationwide television address (Pious, 2002). Nixon was a politician who always did his homework. No doubt, the opponents of Nixon always found him a tough and formidable competitor. Even a cursory perusal of Nixon's history as a politician and a campaigner leaves no doubt as to his genius and marksmanship. During the illness of President Eisenhower in 1955-1957, Nixon conducted himself with an exceptional restraint and aptly handled the day- to- day administrative activities. The conduct of Nixon as a vice president and the Eisenhower-Nixon succession agreement meant to handle possible eventualities even today serves as a guiding model for the administrators and politicians (Pious, 2002). As a vice president, Nixon successfully campaigned for many Republican congressional representatives in 1954-1958. The White House always forwarded Nixon as an antidote against the Democratic aspersions regarding being lax on communism (Small, 2003). Nixon stymied the Bricker Amendment intending unprecedented constraints on the presidential powers (Small, 2003). In 1960, Nixon successfully won the Republican presidential nomination. However, he lost to John F. Kennedy primarily owing to the weak economic policies of Eisenhower.
Saturday, November 16, 2019
Customer Retention Tools Used By Public And Private Banks Marketing Essay
Customer Retention Tools Used By Public And Private Banks Marketing Essay Customer retention is the activity that a selling organization undertakes in order to reduce customer defections. Successful customer retention starts with the first contact an organization has with a customer and continues throughout the entire lifetime of a relationship. A companys ability to attract and retain new customers, is not only related to its product or services, but strongly related to the way it services its existing customers and the reputation it creates within and across the marketplace. Customer retention is more than giving the customer what they expect; its about exceeding their expectations so that they become loyal advocates for your brand. Creating customer loyalty puts customer value rather than maximizing profits and shareholder value at the centre of business strategy. The key differentiator in a competitive environment is more often than not the delivery of a consistently high standard of customer service. Private and Public Banks Banks have been broadly divided into private and public. A private bank is that in which there are but few partners, and these attend personally to its management. A public bank is that in which there are numerous partners or shareholders, and they elect from their own body a certain number, who are entrusted with its management. he business of banking consists chiefly in receiving deposits of money, upon which interest may or may not be allowed; in making advances of money, principally in the way of discounting bills; and in affecting the transmission of money from one place to another. Banks in metropolitan cities are usually the agents of the banks in smaller communities and charge a commission on their transactions. The profits of a bank are that portion of its total receipts including discount, interest, dividends, and commission which exceeds the amount of the expenses. List of Private Banks in India Bank of Punjab Bank of Rajasthan ICICI HDFC Centurion bank IndusInd bank Federal bank UTI bank Jammu Kashmir bank South India bank Karnataka bank List of Public Banks in India Allahabad bank State bank of India Punjab National bank Punjab Sind bank Bank of Maharashtra Bank of India Canara bank UCO bank Central bank of India IDBI CUSTOMER RETENTION TOOLS USED BY PRIVATE BANKS Social media major customer retention tool in private banks: To retain more and more customers private banks use social media. In this in case of responding to customers social media is a powerful retention tool. In this before contacting to customer service department, customers can go online and can get information regarding anything. Bank world relationship -personal banker To retain the customers private banks started bank word relationship in this they will do: they will assign special persons to a group of clients in which clients can mail to these persons for personal help and financial advice. Keep customers informed In this to retain their customers they have started their customers informing about latest schemes and offers and necessary information. For informing the customers banks send letters, e-mails, make phone calls and send messages on their mobile phones. Contest for customers For existing customers to retain them they have started to reward customer loyalty by running a customer -only competition or contest. In this the entry is free and automatic for existing customers and publicises the results in newsletter and website Offers related or complementary products Banks are providing complementary products or services to their customers because this helps them in retaining their customers. Anniversary offer In this banks are providing special anniversary offers one year exactly after the customer first came to banks. Employee motivation Employee morale and motivation plays an important role in customer retention. A demoralized employee tends not to listen to customer and in turn can turn away a good customer off. Empowerment of people, investment in soft skill/product and other relevant trainings and right technology to monitor the results need to be employed. Incentive schemes along with right compensation across the spectrum of staff from front office to marketing leading to documented evidence of improvement in customer retention and satisfaction leads to long term profitability and loyalty. This will also require management buy-in and commitment. In the long term loyal and motivated employees lead to more business and satisfied customer. Banks need to strive to make each employee a brand ambassador for the Bank. Managing customer complaints Customer complaints are identified by a number of ways in private banks: such as customer complaint box, written form, verbal form.. Customers usually make complaint about their problems telling the relevant person in the bank. Complaints are managed by taking quick actions. This helps in the retention of customers. Relationship Managers (RMs) The concept of Relationship Manager (RM) is used in the banks. The job of RM is generally performed by the branch officers. The interviews revealed that the main job of Relationship Managers to reach out to the customers both corporate and personal, to make sure that the job is done in a systematic manner within the clients time frame. The relationship managers for corporate banking are very much important because during the relationship the bank attempts to solve the problems of client organization and satisfy its needs through a series of transactions. It helps in the customer retention. INTERNET BANKING Private Banks have their own website. Internet Banking has already been started. Following are the common features of Internet Banking: View account balances and transaction history Verify deposits Check loan balances Check loan payment information View interest information Various information regarding their products In this customers can get every information through internet. It is an important tool to retain customers. SPATIAL CONVENIENCE Spatial convenience is provided by branch location and technology driven delivery services such as ATM. To create spatial convenience branches and ATM booths should be established near the target customers.. ATM is used to provide convenience by placing them in locations like shopping mall, in some central place of areas. SEGEMENTATION To retain the customers in banks they started segmentation. The factors that banks emphasize to identify the needs and requirements are as follows: For corporate customer: Financial Strength and credit worthiness Market Positioning Reputation Integrity Industries Listed Companies For personal banking: Occupation Income and Propensity to save Attitude towards banking Market demand Geographic concentration BUILDING MANAGING CUSTOMER RELATIONSHIP Relationship marketing encompasses activities of attracting, maintaining, and enhancing customer relationships. It is an organizational philosophy that impacts on operations and processes, employees, customer service and quality and customer retention. Win-win rewards It provides benefits for both the customer and the private banks Successful marketing of these initiatives means customers are encouraged to use cost-saving electronic banking services that enable maximum efficiency and profitability. For example, consumers may be required to receive statements online, use their debit card a certain amount of times each month, use online banking or bill pay and/or enrol in direct deposit. This lowers personal service costs and statement costs (for printing and mailing) and gives bankers the time and resources they need to focus on building relationships with key customers. Technology Telephone banking is another option for customer retention as this service is for convenience of customer. And for this purpose following technology is used: Interactive voice response (IVR) IVR systems are used very commonly by various service organizations for order placements, purchasing airline tickets, telephone banking, caller routing and identification, obtaining balance inquiries, paying bills, completing surveys and polls and looking up selective information, to name a few. IVR systems are also used at call centres to help identify customers needs and prepare the live customer service representative by obtaining information from the caller ahead of time, such as account numbers, name, social security number, address information, etc. IVR for short is a software application that allows telephone caller to select options from various menus. IVR systems are available 24 hours a day, seven days a week, so callers can access them anywhere, anytime. Callers may enter requested information into telephone keypad or by simply speaking commands. Commands generally consists of numbers or simply Yes or No answers. IVR systems also have voice options for help, speak with a customer care specialist or other various straight forward options. CUSTOMER RETENTION TOOLS USED BY PUBLIC BANKS Relationship based pricing Existing customers feel that they are being ignored by banks when it comes to pricing as competitive rates are being offered to new customers only. This forces public banks to have a pricing strategy. Customers who have multiple products with Banks across different lines of business (LOBs) expect transparency in product pricing. They tend to stay loyal and this loyalty needs to be taken care of. Relationship based pricing (RBP) is a new mantra which institutions are now trying to get into. RBP helps in evaluating the total income earned from the customer across all the LOBs and work out mutually profitable pricing. RBP helps banks to treat each customer differently, based on the overall relationship value, with innovative pricing strategies across enterprise. Banks can ensure that the benefits and rewards are provided based on total value the customer provides thereby enriching the customer loyalty. This helps a lot in customer retention. Employee motivation Employee morale and motivation plays an important role in customer retention. A demoralized employee tends not to listen to customer and in turn can turn away a good customer off. Empowerment of people, investment in soft skill/product and other relevant trainings and right technology to monitor the results need to be employed. Incentive schemes along with right compensation across the spectrum of staff from front office to marketing leading to documented evidence of improvement in customer retention and satisfaction leads to long term profitability and loyalty. This will also require management buy-in and commitment. In the long term loyal and motivated employees lead to more business and satisfied customer. Banks need to strive to make each employee a brand ambassador for the Bank. Keep customers informed Same way like private banks they also retain their customers, they also have started their customers informing about latest schemes and offers and necessary information. For informing the customers banks send letters, e-mails, make phone calls and send messages on their mobile phones. Rewards management Customers expect banks to be flexible and willing to change while offering rewards. Listening to them will go a long way in knowing what is wanted and what is not. Outdated products/service as a reward will not go down well with customers and addition of newer loyalty partners with innovative ideas will be welcome. Innovative ways of redeeming rewards like online redemption, redemption against purchases etc are the ones which will be liked. Proper segmentation of customers is required so that the right product/reward is targeted. Loyalty programs need to be constantly evolving based on the market conditions and technology needs to be used extensively in this regard. Profitable and cost effective Customer Relationship Management has become a key strategic area with an increased focus on this issue by top management of Banks. The opportunity for banks has never been greater to assume a more customer centric responsibility. Continuous use of customer feedback, tuning loyalty programs, improving employee morale along with the relevant Enterprise wide technology platform to monitor all these will ensure in improving customer relationships with the active participation of management across the organizational functions. Management buy-in and participation across the different level in the hierarchy is important in improving customer relationships, helping to deepen brand loyalty and increase customer lifetime value. In the end loyalty equals increasing profits and a strong competitive edge which is the order of the day. Ultimately, best strategies in customer loyalty management reflect in higher customer satisfaction indices and improved bottom line f or the Bank. Education for the customer on products and services offerings:Ã Customers need to have adequate information about banks products, services, delivery channels and the costs associated with each. However, bank does not have unlimited resources to provide personalized education at the branch level. Integrated banking platforms support Push-To-Talk and similar applications which can deliver personal interaction remotely. Customer Empowerment with necessary information and tools to encourage independent decision making:Ã Customer can use calculators, simulators and modellers to compare different products understand the steps to be taken to achieve their financial goals and seek guidance in broader financial matters such as wealth creation and retirement planning. Humble ATMs Public banks have just introduced humble ATMs to retain its customers. In these ATMs if a person can interact with bank staff if the nearest branches are closed. Social Media To retain more and more customers public banks use social media. In this in case of responding to customers social media is a powerful retention tool. In this before contacting to customer service department, customers can go online and can get information regarding anything. CONCLUSION There is a great competition between public and private banks. Customer retention is their major motive. To retain their customers banks adopted many tools and techniques. Private sector banks focus more on customer retention as compared to Public sector banks. Private sector bank follows the 80/20 rule which means that the top 20 customers generate the 80% of organization revenue. It is easy and cost effective to retain the existing customers, than to gain new. This is the strategy which both Public and Private sector banks follow.
Wednesday, November 13, 2019
The Creation of the American Democracy Essays -- American America Hist
The Creation of the American Democracy When the Framers of the Constitution met in Philadelphia, they came together with one common purpose in mind. They needed to form a fair and solid system of government that would stand the test of time; one that was both fair for the people and would not involve a monarchy. Each of these men had their own ideas on what would constitute this system, however, so many compromises had to be made. Together, the men gathered in Philadelphia created a federal system of government and drafted a constitution outlining this government. They took care in developing three branches of federal government with a system of checks and balances so that no one branch would gain too much power, thus avoiding any chance of regressing back into the government from which they had just escaped. The Framers even made sure that the most powerful branch had a check system within itself by creating a bicameral legislature, consisting of a Senate and a House of Representatives which could not function one w ithout the other. The federal government that resulted from all of this deliberation was an overall system of democracy, although some undemocratic issues were involved. The American system of government is ultimately a democracy, because it is ultimately a true system of the people. However, not everything done at the Constitutional Convention was democratic. When representatives from the states met in Philadelphia, the majority were rich, educated, upper-class landowners. They claimed to have the best interests of the people in mind, and in most cases they did. That was, after all, the reason they were brought together. However, they still took some measures to ensure that the interests of the comm... ...te, and/or country. For this reason, the Electoral College system of electing our President should be redone and possibly eliminated. A leader must have the support of his country, and this can be assured only through a democratic election. The Bill of Rights is perhaps the best example of the democratic aspects of our government. It gives everyone equal freedoms and liberties, and it is truly in the best interests of everyone. When the Framers of the Constitution met in Philadelphia, they gathered to create a democratic government: a government that worked for everyone and had the common interests of the people as its central purpose. Although some things done at the convention were indeed undemocratic, democracy ultimately prevailed and we were given a strong government with the ability to be amended to fit the common interests of the people throughout time.
Monday, November 11, 2019
Macbeth and Jack
Hunger for power in Macbeth and Jack Hunger for power is often the driving force in oneââ¬â¢s life. While hunger for power is an indispensible trait for all leaders, it can also remove one's ability to control emotions, desires, and greed until that person is devoured by it. Jack, from Lord of the Flies and Macbeth, from Macbeth serves as the primary example of this, as they are eventually driven to their own demise by ambition in a negative way, murder, and betrayal of friends. In addition, Jack and Macbeth show that hunger for power leads to ones downfall. In both Macbeth and jack, ambition playââ¬â¢s a major role because it is the start or the beginning of their downfall. Ambition has not yet overwhelmed the minds of Macbeth, He is uncanny depiction of a noble general, saving his country form domination and tyranny, but as the character progresses in the plot, the inhabitance is parallel in that he receive prestigious rankings amongst the society and in essence, his lives is ideal. Macbeth receives titles of nobility and influence as Thane of Glamis and is recently appointed Thane of Cawdor. (Shakespeare I. 3. ). With a great quantity of control being eceived, Macbeth devours the power as if it were a precious jewel. But Evil seepââ¬â¢s through him, diminishing the moral code in the name of attaining his esteemed goals. Macbeth, seconds after hearing his new appointment states, ââ¬Å" If good, why do I yield to that suggestion whose horrid image doth unfix my hair and make my seated heart knock at my ribs, against the use of nature? Present fears are less than horrible imaginings; my thought, whose murder yet is but fantastical,â⬠(Shakespeare. I. 3. ) Ambition has driven evil spirits, which will not die until his dreams are accomplished. With the seed of power and ambition implemented into his mind, the plant grows out of control until conscience is completely drained out. Similarly, Jack isnââ¬â¢t ambitious in the beginning. He is introduced to the reader in a ââ¬Å"holyâ⬠aura with the description of his choir; ââ¬Å"Their bodies, from throat to ankle, were hidden by black cloaks which bore a long silver cross on the left breastâ⬠(Golding 21) Conveying religion into Jackââ¬â¢s first emergence shows the likely innocence encompassed in the boyââ¬â¢s life prior to crashing on the island. As the character progresses in the plot, just as Macbeth, Jack also receive prestigious rankings amongst the society or in the island. Jack is appointed Leader of the hunters, the only high rank besides Ralph, who was chosen leader. (Golding 24-25). This gives Jack important stature as he controls a certain portion of the boys inhibited in the island. As he holds substantial power over some aspect of civilization. Evil also seepââ¬â¢s through his mind, which therefore diminishes his moral code in the name of attaining his esteemed goal. But Jack states his feelings in different ways. Jack although less apparent, also show his attentions to overtake all leadership. His constant disagreement with Ralph exhibits no respect and shows his aspirations of taking total command. Instead of looking over the fire, Jack deliberately disobeys the order made by Ralph and goes out hunting instead. (Golding 77). This shows how Jackââ¬â¢s ambitiousness is trying to make a dispute with Ralph so that he can prove Ralph as a not good leader and then became the next leader. Therefore this also shows how Macbeths and jacks ambition can disrupt a peaceful society. Betrayal of friends plays an important part in both Macbeth and Jack because thatââ¬â¢s when he change of power occurs of them leading in to their downfall. In Macbeth the earliest example of betrayal serving as a impetus in power change is when Macbeth is rewarded for his loyalty to the king while the Thane of Cawdor is stripped of his title because of his betrayal. Both Banquo and Macbeth are slightly disturbed by the witches prediction because they are afraid that it will trick them into betraying the king. But because Macbeth was very ambitious and couldnââ¬â¢t control himself. Macbeth begins to plan his treachery against Duncan as soon as he sees that Malcolm stands in the way of Macbeth gaining the throne. I have done the deed. Didst thou not hear a noiseâ⬠(Shakespeare II, 2, 56). The betrayal against Duncan is complete when Macbeth murders him. Now Macbeth must frame the guards and try to cover up his crime, which can only lead to more murder. Banquo is a general in the King's army (same as Macbeth) and is often seen in contrast to Macbeth. Banquo is the only one with Macbeth when he hears the first prophecy of the weird sisters; during the same prophecy, Banquo is told that his children will be kings, though he will not be. Banquo knows of Macbeth and his quest for power. He is the one that tells Macbeth that the instruments of darkness only cause harm and betrayal. Macbeth makes this statement true by betraying Banquo whom he once trusted. ââ¬Å" Thou hast it now: king, cowdor, glamis, all, As the weird women promisââ¬â¢d; and, I fear, thou playââ¬â¢dst most foully forââ¬â¢tâ⬠(Shakespeare III. 1. 76). Banquo suspected Macbethââ¬â¢s guilt and out of fear of being caught Macbeth sends out two murderers to kill Banquo. Macbeth is guilty of betrayal, but he doesnââ¬â¢t commit the act himself which shows how weak he really is. Macbeth is numb from all the events, which are causing his downfall. Just like how Macbeth betrayed his friends, Jack also betrays his friends in a different manner. The strong-willed, egomaniacal Jack is the novelââ¬â¢s primary representative of the instinct of savagery, violence, and the desire for power. He is a person who just gives out demands, and expects the group to answer him. Jacks main aim of the assemblies in the novel are to first become chief ââ¬Å"simple arroganceâ⬠, ââ¬Å"I ought to be chiefâ⬠(Golding 29) Jack believes that no-one else has the right to control him, and he should be in control of everyone. But unfortunately Jack lost the vote to be chief and thatââ¬â¢s when jack begins to betray his friends. He changes his image from a choirboy to a furtive hunter. Jack couldnââ¬â¢t follow Ralphââ¬â¢s(the chief) rulers so Jack calls for am assembly and insults Ralph by saying ââ¬Å"He isnââ¬â¢t perfect and we donââ¬â¢t know anything about him. He just gives orders and expects people to obey for nothing. â⬠(Golding 126). Jack betrays his chief Ralph and makes a new group. After Jack formed a new group he mostly influenced them in being a hunter and to always kill things and because of that Jack betrays Simon, whoââ¬â¢s another friend of his. During Jacks party Simon went to examine the beast at the mountain. When Simon found out there wasnââ¬â¢t a beast and only a dead man in there, he came running towards Jack party to tell them. But Jack and his group thought it was the beast that was coming towards them so they killed it. ââ¬Å"Simon was crying out something about a dead man on a hill. â⬠(Golding 152). Therefore this portrays that hunger for power can lead one to betrayal of friends. In the world today people have certain goals that they set for themselves to achieve in their lifetime. Most people try to obtain these goals by hard work and to just keep on trying until they finally get what they want. In the case of Macbeth and Jack however they try to obtain their goals through violence and murder. At first Macbeth is a loyal and brave soldier and serves his king Duncan. Because of Macbeth's loyalty to Duncan he is named the Thane of Cawdor. After Macbeth hears the prophecies about himself and becoming king, which he has always wanted, the thought of murder starts coming into his mind. Instead of just staying a loyal and brave soldier and waiting to see if he will be named king, Macbeth tries to obtain his goal in a different way. The thoughts of murder tarts getting greater and Macbeth questions whether or not he should but Lady Macbeth tries to talk Macbeth into killing Duncan so that they can both get what they want. So now instead of obtaining his goal of becoming king by just waiting he gets it by murdering Duncan. ââ¬Å"I have done the deedâ⬠(Shakespeare. II. 2. 56). The initial thought of murder starts when Macbeth receives the three prophecies from the witches about him becoming king. Macbeth has some of the same thoughts of the murder as Lady Macbeth does, but he also has some different opinions. Macbeth obviously wants to kill Duncan ecause he is the one who first came up with the plan of the murder, but Macbeth also doesn't want to commit the murder because Duncan is humble and Macbeth is a loyal kinsman. Macbeth kills the king to secure the kingship, but immediately it becomes clear that the only way to hide the murder is to keep murdering. Macbeth hasn't even settled in the new palace before Macbeth has already found two murders to murder Banquo and his son. Because after Macbeth becomes king Banqou says ââ¬Å" Thou hast it now: king, cowdor, glamis, all, As the weird women promisââ¬â¢d; and, I fear, thou playââ¬â¢dst most foully forââ¬â¢tâ⬠(Shakespeare III. 1. 6). Banquo suspected Macbethââ¬â¢s guilt and out of fear of being caught Macbeth sends out two murderers to kill Banquo. And so therefore hunger for power lead Macbeth in murdering both his king and friend. Similarly, Jack was a choir leader and wasnââ¬â¢t a violent person in the beginning. Jack as already mentioned is a person who just gives out demands, and expects the group to answer him. Jack believes that no one else has the right to control him, and he should be in control of everyone. One of the first murders that took place in the island was the murder of Simon. It was a dark scary night. Nothing could be clearly seen. Loud thunder roared as thick drops of rain fell on the ground. Nothing could be heard but the sound of thunder. Jacks group of agitated and aggressive boys danced with fear and excitement. Since Jack has become so obsessed with hunting, all he could think about mostly was killing. Because while dancing he repeatedly kept saying ââ¬Å"Kill the beast! Cut his throat! Spill his blood! â⬠(Golding 152). And because he build up that mood of violence in himself and his group, when they saw something crawling out of the forest, and was coming towards them, they all thought it was the beast and killed it without even making sure. Simon was crying out something about a dead man on a hill. â⬠(Golding 152). It is was Simon that they killed not the beast. Jack is responsible for Simon murder because he misleaded the his group in thinking it was the beast. Jack is also responsible for the murder of Piggy, an overweight asthmatic boy about 8 years in age, who cannot see without his glasses represents physical weakness and mental strength. His glasses, however, help illustrate his intellectual strength, his ability to think situations over logically and use reason, rather than emotions to decide upon important dilemmas. Because piggy was always in Ralphââ¬â¢s side, Jack didnââ¬â¢t treat piggy well he was always made fun of. Jack knew piggy had vision problem and that he couldnââ¬â¢t see without glasses. But Jack still stole the glasses of piggyââ¬â¢s face, for him to build fire. Because of Jack influence in the group most of them want to be like him so when Piggy and Ralph comes to ask for piggyââ¬â¢s glasses back, Ralph and Jack fight for a second time. Piggy cries out shrilly, struggling to make himself heard over the brawl. As Piggy tries to speak, hoping to remind the group of the importance of rules and rescue, ââ¬Å" high over-head, oger, with a sense of delirious abandonment leaned all his weight on the leverâ⬠(Golding 180). Roger shoves a massive rock down the mountainside. Ralph, who hears the rock falling, dives and dodges it. But the boulder strikes Piggy, shatters the conch shell he is holding, and knocks him off the mountainside to his death on the rocks below. Jack throws his spear at Ralph, and the other boys quickly join in. Just like Macbeth even Jack is fully covered with evil he wanted to also kill Ralph at the end but he couldnââ¬â¢t. Jack estroyed the island by burning it, hunger for power lead him into a total failure. He couldnââ¬â¢t lead the group in a peaceful manner. As seen in Macbeth and Jack hunger for power is the driving force in oneââ¬â¢s life. They couldnââ¬â¢t control emotions, desires, and greed until they were devoured by it. An important lesson that can be learned from Macbeth and Jack is that Ambition has driven evil spirits, which will not die until ones dreams are accomplished. And to get through that dream it will lead one into betraying their friends, and murdering. Therefore hunger for power leads to ones downfall.
Friday, November 8, 2019
Racial Profiling Essays - Offender Profiling, Race And Crime
Racial Profiling Essays - Offender Profiling, Race And Crime Racial Profiling The topic of racial profiling amongst minority individuals in the state of New Jersey has been a heated issue for the past several years. This department has been charged with numerous allegations of racism and is the main focus for racial based events in police departments nationwide. Although racial profiling amongst police officers in the state of New Jersey has been a major issue for many years, it has not been until recently that action has been taken in order to investigate the alleged profiling that has occurred. Hence, until recently, African American drivers on the New Jersey turnpike stood a much greater chance than white drivers being stopped by the state police for a random drug search.(Cohen) However, racial profiling is not only holding victims of minority simply on the road, but also minority-based officers within the department are being victimized as well. Moreover, the issue of racial profiling has been raised in the courts and will continue to be analyzed. On April 21, 1999 Governor Christie Todd Whitman spoke at a press conference in Newark, NJ. She stated that, - 1 - evidence of racial profiling is not something the state had any reason to anticipate.(Whitman) In contrast, the American Civil Liberties Union of New Jersey stated, officials have been fighting this issue for more than five years. (ACLU) Moreover, Based on statistical evidence presented to the courts in 1994 and 1995, they found in a 1996 decision that a policy of racial profiling was in operation on the New Jersey Turnpike(Diamond). Moreover, the state has consistently disputed the courts' findings, yet up until one week before the state's appeal was to be argued in court, the state had dropped all charges of its appeal. In evidence, reports presented at trial in the case of State vs. Soto, it revealed that although African Americans comprised only 13.5% of drivers and 15% of the vehicles speeding along the stretch of the turnpike in South Jersey, they comprised 46.2% of the people stopped by the State Police. (Diamond) Furthermore, State vs. Soto was the case in which broke the ice when addressing the problem of racial profiling in New Jersey. After the case of State vs. Soto was ended in the courts, the U.S. Justice Department led allegations against the New Jersey State Police. In order to rectify the - 2 - situation, reports stated, the State Police do not consider race ethnicity or national origin in deciding who is stopped.(Cohen) Thus, in lieu of the accusations forced upon the state police the department, they were ordered to implement racial hiring quotas imposed by the U.S. Department of Justice. However when addressing this issue it was stated by Carson Dunbar, Superintendent of Policing in New Jersey that, many of the minority applicants still failed the easier application requirements. Furthermore, due to the rigorous accusations, officials implemented rules that required minority officers. However, they claim that they were unable to reach their quota due to their lack of qualified minority applicants. Hence, the statistical breakdown of the applicants in 1999 was as follows, out of 5,023 candidates, 57% were white, 18% black, 15% Hispanic and 3 % Asian.(Diamond) However, out of the 105 recruits that were selected for training , 85% were white, 10% Hispanic, 4% black, and 1% Asian.(Diamond) Consequently, under the terms of the legal agreement set forth by the Department of Justice, the state police were mandated to recruit at least 22% black candidates and 11% Hispanic. As figures above - 3 - state, even if combined black and Hispanic recruits, the number would still not amount to 22%. Thus, although legal documents are created, they are respectively not being implemented. Besides implementing new quota regulations on hiring, Christie Todd Whitman made the decision to replace 58 year old white Superintendent Williams with black FBI Agent Carson Dunbar Jr. who became the first minority to lead the states predominately white 2,700 member trooper force. Many still debate that the only reason Williams was replaced was to take the issue of racial profiling out of the limelight. Furthermore, about 4 months after firing Williams, Whitman echoed comments in a New York Times Magazine article that quoted her saying, troopers can use race as one of several factors
Wednesday, November 6, 2019
Spreading the Good Friday Message
Spreading the Good Friday Message Christmas may be at the top of the festival chart, but Easter also ranks high among the favorites. But before the happy Easter celebrations, Christians observe Lent, a forty-day period of penance and fasting. The Friday that comes before Easter is Good Friday. Good Friday has religious significance since it is the day that Jesus Christ was crucified. Good Friday is regarded as a day of mourning among Christians. Special church service is held on Good Friday. The Friday Before Easter Unlike Christmas, which falls on December 25 every year, there is no fixed date for Easter. This is because Easter is based on the lunar calendar. Hence, Easter typically occurs somewhere between March 22 and Aprilà 25. After much research and calculations, religious scholars concluded that Jesus crucifixion took place on a Friday. The estimated year of Jesus crucifixion is 33 CE. Good Friday is also referred to as Black Friday, Holy Friday, and Great Friday. The Story of Good Friday The famous Bible story begins with Judas Iscariots betrayal of Jesus. Despite being one of Christs disciples, Judas betrayed Christ. Jesus was brought before the Roman governor Pontius Pilate. Although Pilate could not find any evidence against Jesus, he gave in to the crowds clamor to crucify Christ. Christ was flogged, made to wear a crown of thorns, and eventually crucified alongside two common criminals. The story goes that when Christ finally gave up his spirit there was an earthquake. This happened on Friday, which later came to be known as Good Friday. Jesuss followers later placed his body in a tomb just before sunset. However, the wondrous tale does not end here. On the third day, which is now known as Easter, Jesus rose from the grave. As an American author, Susan Coolidge put it, Earths saddest day and gladdest day were just three days apart! This is why most Easter quotes brim over with happiness. A famous quote by Carl Knudsen goes, The story of Easter is the story of Gods wonderful window of divine surprise. The Promise of Easter The tale of Good Friday is incomplete without the optimism of Easter. Christs death by crucifixion is closely followed by his resurrection. Similarly, the promise of eternal life follows the despair of death. 20th century English Christian leader and Anglican cleric John Stott once proclaimed, We live and die; Christ died and lived! In these words lies the promise of Easter. The gloom of death is replaced with unsullied joy, an optimism that shines through in these words of St. Augustine, And he departed from our sight that we might return to our heart, and there find Him. For He departed, and behold, He is here. If you seek a deeper understanding of Christianity, this collection of Easter quotes and sayings may be insightful. Sacrifice and Triumph Christs death on the cross is regarded as the supreme sacrifice. The crucifixion and the following resurrection are widely regarded as the triumph of good over evil. Augustus William Hare, writer, historian and reverend, expressed his beliefs beautifully in the following lines, The cross was two pieces of dead wood; and a helpless, unresisting Man was nailed to it; yet it was mightier than the world, and triumphed, and will ever triumph over it. Good Friday Traditions The prevailing mood on Good Friday is that of repentance, not celebration. Churches remain undecorated on this Friday of the Holy Week. Church bells do not ring. Some churches cover the altar with black cloth as a sign of mourning. On Good Friday, pilgrims to Jerusalem follow the path Jesus walked carrying his cross. The pilgrims stop at the twelve stations of the cross, as a reminder of Jesus sufferings and death. Similar walks are observed around the world, especially among Roman Catholics who undertake the walk in a bid to atone for Jesuss agonies. Special services are held in many churches. Some organize dramatic renderings of the events leading up to the crucifixion of Christ. The Relevance of Hot Cross Buns on Good Friday Children often look forward to eating hot cross buns on Good Friday. Hot cross buns are so-called because of the pastry cross that runs across them. The cross reminds Christians of the cross on which Jesus died. In addition to eating hot cross buns, families often clean their homes on Good Friday to prepare for the big celebration on Easter Sunday. The Good Friday Message Among other things, Good Friday is a reminder of the compassion and sacrifice of Jesus Christ. Whether or not you believe in religion, Good Friday tells us a tale of hope. The Bible upholds the teachings of Jesus words of wisdom that are valid even after two thousand years. Jesus spoke of love, forgiveness, and truth, and not of violence, fanaticism, or revenge. He eschewed ritual for spirituality, urging his followers to tread the path of goodness. Regardless of whether Good Friday is near or far, we all stand to gain from these Jesus Christ quotes. Spread the Good Friday message of compassion and love through these quotes. John 3:16God so loved the world that He gave His only begotten Son. Augustus William HareThe cross was two pieces of dead wood; and a helpless, unresisting Man was nailed to it; yet it was mightier than the world, and triumphed, and will ever triumph over it. Robert G. Trache Good Friday is the mirror held up by Jesus so that we can see ourselves in all our stark reality, and then it turns us to that cross and to his eyes and we hear these words, Father forgive them for they know not what they do. Thats us! Theodore Ledyard CuylerExalt the Cross! God has hung the destiny of the race upon it. Other things we may do in the realm of ethics, and on the lines of philanthropic reforms; but our main duty converges into setting that one glorious beacon of salvation, Calvarys Cross, before the gaze of every immortal soul. William PennSo shall we join the disciples of our Lord, keeping faith in Him in spite of the crucifixion, and making ready, by our loyalty to Him in the days of His darkness, for the time when we shall enter into His triumph in No pain, no palm; no thorns, no throne; no gall, no glory; no cross, no crown. Robert G. Trache There is no faith in Jesus without understanding that on the cross we see into the heart of God and find it filled with mercy for the sinner whoever he or she may be. Bill HybelsGod led Jesus to a cross, not a crown, and yet that cross ultimately proved to be the gateway to freedom and forgiveness for every sinner in the world. T. S. EliotThe dripping blood our only drink,The bloody flesh our only food:In spite of which we like to thinkThat we are sound, substantial flesh and bloodAgain, in spite of that, we call this Friday good.
Monday, November 4, 2019
Propaganda and Foreign Policy Essay Example | Topics and Well Written Essays - 2500 words
Propaganda and Foreign Policy - Essay Example According to Noam Chomsky (1999), ââ¬Å"within the reigning social order, the general public must remain an object of manipulation, not a participant in thought, debate and decisionâ⬠(Noam Chomsky, 1999, p.131). Propaganda is also defined as, "Propaganda is not the same as advertising or art. Art today is preoccupied with abstract ideas; advertising tries to get you to buy something. Propaganda, on the other hand, is interested in making you believe something. It is the stronger societal force; once you start believing in an idea or ideology you will buy anything ââ¬â metaphorical or literal ââ¬â it tries to sell you. Once the public was scared into believing Iraq was trying to acquire weapons of mass destruction, they didnââ¬â¢t seem to mind that they were being fed lies over and over. Untruths and misleading statements were quickly accepted as reinforcement and justification for a particular point of view, even when proven false. Propaganda is that strong" (MLC, 2 012, p.1). This paper will examine this statement in determining the views of society with reference to the roles played by the elites and the media. The relationship between the mass media and propaganda is indeed complex and by no means a linear process. The paper will consider whether the mass media reflects the ruling elite ideology and whether it is inevitable. An analysis will be made of how development in communications impacts propaganda and whether such developments make propaganda more or less important and effective. An examination will also be made of whether instant communication options such as satellite TV provide the truth concerning events in the context of representing objective reality or mediating the reality. Harold Lasswell, who was a sociologist, had written after the end of the First World War that there was a distinct relationship amongst the war and propaganda. He was of the opinion that moist Americans had just started learning at that time, although not a century later: ââ¬Å"A new and subtler instrument must weld thousands and even millions of human beings into one amalgamated mass of hate will and hope. A new will must burn out of the canker of dissent and temper the steel of bellicose enthusiasm. The name of this new hammer and anvil of social solidarity is propaganda. Talk must take the place of drill; print must supply the dance. War dances live in literature, and at the fringes of modern earth; war propaganda breathes and fumes in the capitals and provinces of the world.â⬠Another example is of what happened, immediately after the end of the Second World War; Germany had become an important economic and political global resource for the allied nations, particularly the US and the USSR. It is correct to say in this context that all battles are fought on two fronts; the war front and peopleââ¬â¢s minds, through propaganda. It is thus true that the nice people and the bad people can be held guilty of misguiding their cit izens through fabricated, inaccurate, subjective and exaggerated news and information, with the prime objective of receiving support and a feeling of legitimacy. Propaganda serves well in rallying citizens for a given cause but it is mostly done through exaggeration and misrepresentation relative to the given issues in order to get peopleââ¬â¢s approval and support (Hale, 1975). Propaganda cannot be said to be new in war. It has always been a part of all conflicts and is considered a means that is used by governments for demoralizing their enemies and mobilizing their nations. It is evident that while fighting a war, there is a need for the creation and maintenance of sentiments amongst soldiers and
Saturday, November 2, 2019
Cost and Management Accounting Essay Example | Topics and Well Written Essays - 1750 words
Cost and Management Accounting - Essay Example In 2006, Britvic sold 1.4 billion liters of soft drinks in hundreds of different flavours, shapes and sizes and delivers to over 4,000 customers and approximately 200,000 points of distribution. This explains the wide customer network of Britivic revealing the company's excellence in production and service capabilities. Britvic has the instilled pride to produce more soft drinks brands in its portfolio than any other UK manufacturer. This provides an insight on the effective branding strategies and promotions followed by Britivic and the effective business planning of the company's management. The company has approximately 2,700 employees based either at our main offices in Chelmsford and Sol hull or at one of seven factories and network of depots around the country. This portrays the human resource capability and strong local presence in the soft drinks market. The corporate culture of Britivic provides an amicable atmosphere for all the workers who feel great working for the company.Britivic promotes excellence and initiative and encourage the employees to be passionate about our brands and their roles. Accounting policies of Britivic Source : Balance sheet data of Britvic (2007) Investments The Company recognizes its investments in subsidiaries at cost less any provisions made for impairment. Interest bearing loans and borrowings Borrowings are stated at proceeds received less any unamortized issue costs. Issue costs of loans The finance cost recognized in the profit and loss account in respect of capital instruments is allocated to periods over the terms of the instrument using the effective interest method. Borrowing costs ]After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the effective interest method. All borrowing costs are recognized as finance costs in the profit and loss account in the period in which they are incurred. Foreign currencies The foreign currency transactions are recorded at the date of transaction referring the ruling rate at that instance. Foreign currency denomination of assets and liabilities will be translated on the basis of exchange rate as depicted in the balance sheet and balance sheet date will be used. All the noticeable differences are updated in the profit and loss account of balance sheet. Issued share capital Ordinary shares are classified as
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