Imagine you are a small business owner Essay Example | Topics and Well Written Essays - 1000 words

Imagine you are a small business owner - Essay Example Net margin can be calculated dividing net income by total sales. The managers of small businesses must pay close attention to the profitability of the business as well as its cash flow position. The current ratio is a good ratio to analyze small businesses because it measures the liquidity of a company. It measures the ability of the company to pay off its short term debt. A current ratio is positive if is above 1.0. The inventory turnover ratio measures how many times a company sold its inventory during a year. The desired outcome is to have a high inventory turnover rate. Three ratios that are suitable to evaluate the financial performance of a large enterprise are return on assets (ROA), return on equity (ROE), and debt to equity ratio. Return on asset measures how well assets were employed by management, while return on equity measures the extent to which financial leverage is working for or against common stockholders (Garrison & Noreen, 2003). The debt to equity ratio is calcul ated dividing total liabilities by stockholder’s equity. B) Explain the advantages and disadvantages of debt financing and why an organization would choose to issue stocks rather than bonds to generate funds. Debt financing has become an extremely popular financing tool in today’s global economy. ... â€Å"Another advantage of debt financing is that interest paid on debt reduces tax burden of the business† (Kido, 2012). Despite the advantages of debt financing it also has cons. A drawback of debt financing is that in cases of business failure lenders have first option at the liquidating assets of a firm. A second drawback of using debt financing is the obligation to pay interest to the lenders. Sometimes interest expenses of debt instrument can be very high. A third con of debt financing is that if it is excessively used it can negatively impact the credit rating of the company (Simplyfinance, 2007). C) Discuss how financial returns are related to risk. Financial returns and risk are two factors that are positively related. This means that to obtain higher rewards managers must assume greater risk. In the stock market companies that have higher risk have a greater chance of equity appreciation. Risk adverse people try to stay away from risk. Being risk conservative can hel p a company minimize the risk of financial loss. â€Å"Financial risk is the loss probability arising from adverse price fluctuations in financial markets or business partner defaults† (Codjia, 2012). When companies get too greedy they often make bad business decisions by incurring in too much risk. Firms that have higher risk tend to have higher cost of capital. When the cost of capital is high the profitability of the company is adversely affected. D) Describe the concept of beta and how it is used. The beta coefficient is a measure of an asset’s risk in relation to the market or to an alternative benchmark or factor (Thefreedictionary, 2012). The average beta coefficient of the stock market is 1.0. When the beta coefficient of a company is higher than 1.0 the stock has

Abortion Should Be Illegal Except in Cases Where Rape, Incest, or the Essay

Abortion Should Be Illegal Except in Cases Where Rape, Incest, or the Health of the Mother Is Involved - Essay Example My response to this question is in the negative. A woman’s conscience does not respond to the call of abortion normally and her heart is like the oases of love. But hard and unexpected developments relating to her health drive her to that option. During the course of a medical examination, the doctor informs the pregnant mother that the growing fetus will develop physical deformities and the child will also suffer from mental disorders. By the current standards of medical billing, even to bring up a normal child is a difficult proposition (notwithstanding the insurance reimbursements) and to take care about a physically challenged child for a middle-class family is a tough option. Psychological issues will also torment the parents of such a child. Who will look after about its welfare, when the parents are no more? Many types of deformities are incurable and the modern medical system is grappling with such issues. The child’s suffering added to the suffering of the pare nts can be prevented when the mother avails the option of abortion. Abortion, just because the parents or the mother do not want the child, should be illegal. A part of the society and some of the women activists strongly plead that abortion needs to be legalized and it must be the choice of the mother to have the child or not and her decision should be final for termination of the pregnancy. But pro-life activists are not willing to accept this stand. The unwanted child can be given for adoption after completing the legal formalities. This is a good alternative from sociological considerations. Why terminate the life before it had the chance to begin its innings? God knows what the future holds for that child. That child may be credited with sterling achievements in life. But when a woman is raped, a peculiar situation develops. Such pregnancies will not be to the liking of the woman. The legal procedures may take care of the individual who commits such a heinous crime, severe punishment may be awarded, but what can compensate the woman who goes through the process of intense suffering?     

The Horrors Of The Nuremberg Laws

The Horrors Of The Nuremberg Laws On September 15, 1935 the first two laws of the Nuremberg Laws were enacted. The laws were a clear violation of the Jewish peoples civil rights. Many of the laws imposed on the freedom of the Jewish people. These laws were enacted by a cold and cruel dictator by the name of Adolf Hitler. The Nuremberg laws were a very strict and immoral set of laws that discriminated against the Jewish people. Above all, the laws were offensive and demeaning. Adolf Hitler was born April 20, 1889 and would eventually become a terrible dictator. He wanted to go into art school, but was rejected. The person who rejected him was Jewish, and some believe that was where his hatred toward the Jewish people came from. Hitler rose to power by being elected, he did not take control by force, he was elected by the German people. Once he had control of the government, he passed the enabling act, which enabled him to make and pass any law on his own; he did not need the approval of the rest of the government.(Palma) This is what permitted the passing of the Nuremberg Laws. After passing the laws, he focused his hatred on the Jewish people and would go on to kill millions of Jews. The Nuremberg Laws were the start of the â€Å"Aryanization† of Germany. The Nuremberg Laws were offensive and demeaning to the Jewish people. The laws labeled Jews as unclean and prohibited them from marrying Aryans. The laws also prevented them from holding respectable jobs such as a Doctor, Lawyer, Professor etc. etc. The wording of the laws referred to the Jewish people as inferior. They portrayed Jews as something they were not. One of the biggest civil rights violations of the laws was their infringement on the freedom of the Jewish people. One of the first additions to the Nuremberg Laws stated that a Jewish person could not be or become a German citizen. Jewish people who were German citizens had their citizenship revoked. The Nuremberg Laws went so far as to say that Jewish families could not employ German women under forty-five years of age as housekeepers. Many of the freedoms that the general population enjoyed were taken away from the Jewish people. The SS could storm into homes and take belongings that suggested the inhabitants of the house were Jews. They were restricted from certain areas and punished if they were caught in said areas. They were also made to wear a patch that designated them as Jews. Eventually they were forced to move from their homes into the ghettos. This forced migration corralled them to make their deportation easier and more successful. The Nuremberg Laws were and are often referred to as the â€Å"Blood Laws†. This is because they were all based on the blood of the person in question. You were considered to be Jewish if you had three grandparents who were Jewish. If you only had two, you were considered mischling of the first degree. If you had only one, you were mischling of the second degree. There were however, other ways of classifying you as Jewish. If you were a part of a Jewish church when the Nuremberg Laws were issued, or joined after, you were considered Jewish. If you were married to a Jew or were the child of a marriage with a Jew that was conducted after the ban was placed, you were considered Jewish. If you were the born out of wedlock from one or two Jewish parents, you were considered Jewish. Regardless of religious affiliation, if you met any of the criteria above, you were considered a Jew. One of the many flaws with this way of thinking is that Judaism is not a race, it is a religion. The Nuremberg laws and the Holocaust could have possibly been avoided. Maybe, if he had been accepted into art school, he would have gone on to be a painter, instead of a Dictator turned mass murderer. An early Jewish revolt could have possibly ended the holocaust. Many Jews would have been killed in the process, however, it could be argued that not as many would have died overall had there been an early Jewish revolt. All things considered, the Nuremberg Laws were one of the biggest atrocities that occurred during World War II. â€Å"The Nuremberg Race Laws† Marrus, Michouel R. The Holocaust in History. New York: Penguin Books. 1987. â€Å"The Nuremberg Laws† Palma, Heather. Personal Interview April 01, 2010 â€Å"The Triumph of Hitler†

Egypt Art History Essay

The materials used to create these sculptures symbolized the pharaoh’s timelessness and eternal life, the body of the pharaohs symbolized the power given to them by God, and the formal design qualities showed the religious and political qualities in the statues. The statue of Khafre and Akhenaton reflects the political and religious climates of their time through the use of medium which symbolized the pharaoh’s eternal life and timelessness, and through formal qualities which symbolized the hidden religious meanings inside the sculpture. The seated statue of Khafre reflects the political and religious climates of his time through the statue’s medium, function, formal qualities of design, and iconography. The statue is made of diorite, an extremely valuable, un-breakable stone, which symbolizes Khafre’s unwavering power as pharaoh. Khafre’s body shows that this was how a king was supposed to be portrayed, a perfect divine being that is flawless. The intertwined lotus and papyrus plants symbolize the unification of Egypt. Horus the sky god is shown extending his protective wings to shelter the pharaoh’s head. The statue plays an important role in the afterlife, it served as a resting place for the pharaoh’s ka, his life force that accompanied him even in the afterlife. The Statue of Akhenaton showed the political and religious climate that he ruled in through the use of formal qualities, and iconography. Akhenaton’s statue was made of sandstone, different than the un-breakable stone that Khafre’s statue was made of that symbolized his divine power as king. The use of sandstone here shows the abandonment of old kingdom practices. Akhenaton’s body is extremely different and shows him as an androgynous figure attempting to portray as Aton, the sexless sun disk. This statue symbolizes the change in religion, from a polytheistic based belief, to a monotheistic religion centered on the worship of Aten, or Aton, the sun god. The statues of Khafre enthroned, and Akhenaton from the temple of Aton, reflect the political and religious climates of their time. The formal qualities of both statues represent their political stand and their religious views. Although they are very different, they are also very similar at the same time. Enthroned Khafre shows him as an idealized being with a perfect body that portrays him as a deity and shows his power as pharaoh. The statue of Akhenaton on the other hand, shows himself as a realistic being with curved hips and female like figures. Although he does not look like an idealized being like in the old kingdom, he is still portrayed as a deity trying to imitate the sexless sun God Aton. Akhenaton was able to be portrayed as a deity despite his realistic form due to his political power and his ability to change the country’s religion. The statue of Khafre and Akhenaton both reflected their political and religious climates through the statue’s medium, formal qualities, and iconography. These statues although very different, are very similar in portraying how a king was portrayed in different times and yet still looked like a deity.

Sec.22

SEC. 22. The State recognizes and promotes the rights of indigenous cultural communities within the framework of national unity and development. Rights of Indigeneous cultural communities. As used in the Constitution, the term â€Å"indigenous cultural communities† refers to non-dominant groups in our country which possess and wish to preserve ethnic, religious or linguistic traditions or characteristic markedly different from the rest of the population. Section 22 recognizes constitutionally the existence and rights of the indigenous cultural communities.It directs the State to promote their rights within the framework of national unity. Thus, the State is bound to consider the customs, traditions, beliefs and interests of indigenous cultural minorities in the formulation and implementation of State policies and programs. In a multi-ethnic society like ours, the above provision is necessary in promoting the goal of national unity and development. (see Art XVI, Sec. 12) Under provision, the government may even enact the laws especially for them taking into account their customs, traditions, beliefs and interests. H. de Leon, Phil. Constitution 2005, pp. 67-68) SEC. 23. The State shall encourage non-governmental, community-based or sectoral organizations that promote the welfare of the nation. Non-governmental, community-based or sectoral organizations The State is required to encourage these organizations because recent events have shown that, under responsible leadership, they can be active contributors to the political, social and economic growth of the country.It should refrain from any actuation that would tend to interfere or subvert the rights of these organizations which in the words of the Constitution are community-based or sectoral organizations that promote the welfare of the nation. (Ibid, p. 68) This topic is discussed at the length under Article XIII (Social Justice and Human Rights), Sections 15 and 16 which categorically state the role an d rights of people’s organizations as vehicle to enable the people to participate and intervene meaningfully and effectively in decisions which directly affect their lives. (Ibid. p. 68) SEC. 24.The State recognizes the vital role of communication and information in nation-building. Vital role of communication and information in nation-building. Communication and information, as used above, include not only print or broadcast media (radio and television) but also motion pictures, advertising, cable, telephone and telegraph. Those means of communication designed to gather and convey news or in the formation to the public are called mass media because they reach the mass of the people. (see Art. XVI, Sec. 11[1]. That they play a critical role in nation-building is very obvious. 1) Formation of an enlightened citizenry. – Mass media shape people’s thoughts and beliefs, their attitudes and values. In a country like the Philippines composed of people with diverse cul tures, they can be an effective instrument in promoting national integration and preserving Filipino values and traditions. By educating the citizenry on important public issues, they also help create a strong, vigilant and enlightened public opinion so essential to the successful operation of a republican democracy. (2) Promotion of effiency and economy in government and business. Information and communication can be used to link our geographically dispersed population an effect faster delivery of educational, medical and other public services in remote areas of the country. In any organization, ready information maximizes internal efficiency. Particularly in business, it reduces cost of production and services. (3) Development of society. – On the material side, it is difficult to imagine a progressive country, in today’s world of high-tech computers, internets, cyberspace and information highways, with antiquated ommunication and information structures. In the last few years, the world has witnessed a steady stream of a technological progress in the field. The Philippines must keep abreast of communication innovations but at the same time be selective and discriminating to insure that only those â€Å"suitable to the needs and aspirations of the nation† (Ibid. : Sec. 10) are adapted. Utilized and managed wisely and efficiently, communication and information are very useful tools for the economic, social, cultural and political development of society. (H. de Leon, Phil. Constitution, p. 9) Sec. 25. The State shall ensure the autonomy of local governments. Autonomy of local governments R. A. 7160, known as the Local Government Code, enacted on January 1, 1992 covers all matters concerning local governments and political subdivisions. Sec. 26. The state shall guarantee equal access to opportunities for public service, and prohibit political dynasties as may be defined by law. Equal access opportunities for public service This topic discuss ed under Article VI Legislative Department, Sections 4, 5, and 7 and Article X (Local Government), Section 8.Additionally: (1) Limitation of terms of office. – The provisions limiting the terms of office of elective officials (President, Vice President, Senators, Representative and local officials) enhance equal access to political opportunities although they may not completely do way with evils spawned political dynasties that proliferated in the country in the past. With his political and economic resources, an elective official can have a close kin or follower run for the latter.Hence, the need for a declaration expressly prohibiting a political dynasties. (2) Prohibition of political dynasties. – The constitutional policy on the prohibition of political dynasties expresses a national commitment to democratize election and appointment to positions in the government and eliminate a principal obstacle to â€Å"equal opportunities for public service†. It is not uncommon to have the most of the top elective positions in a province (or city) down to barangays occupied by one family and close relatives of the family members.Politicians form husband-wife teams, or father-mother, son-daughter teams and hold to elective positions for decades. The dominance of political families in the past not only kept more deserving but poor individuals from running or winning in elections; it also enabled powerful and affluent politicians to corner appointive positions for their relatives and followers as it they alone are gifted with the ability to serve the country. (3) Prohibition constitutionally mandated. The law implementing the constitutional policy shall define what constitutes political dynasties, having in mind of evils sought to be eradicated and the need to insure the widest possible base for the selection of elective government officials regardless of political, economic and social status. Note that the State is expressly mandated to prohibit â⠂¬Å"political dynasties†. Congress has no discretion on the matter except merely to spell out the meaning and scope of the term. (deLeon,2005,p. 0). Sec. 27. The State shall maintain honesty and integrity in the public service and take positive and effective measures against graft and corruption. Honesty and Integrity in public service (1) The perennial problem of graft and corruption. – In the Philippines, every new administration since the postwar period has made a pledge to eradicate graft and corruption in government. The popular perception, however, is that this baneful ill has become more rampant and sophisticated through years.To be sure, the above provision was incorporated in the Constitution because of revelations of â€Å"unprecendented magnitude† of graft and corruption allegedly perpetrated by officials in the highest circle of the government during the previous regime. (2) Ways to attack problem. – The malady of graft and corruption must be e liminated or at least minimize to a tolerable degree because of the staggering amount of public money that has been lost through it.What is needed is moral leadership by example on the part of the top officials in the government and a continuing, the public service which have considerably slowed down the socio-economic progress of our country. Having the honest Presidents with the best intentions is not enough to reduce corruption to minimal proportions. This perennial problem cannot be solve by mere empty promises and congressional inquiries, but by prosecuting without the fear or favor and putting behind bars so-called â€Å"big-fishes† found to be involve as concrete examples of the government’s determination to achieve decency in the public service.Any campaign against the scourge of society will be made more effective if accompanied by a morality crusade. (3) Need for honesty and integrity in public service. – The fulfillment of the constitutional mandate w ill go a long way in strengthening the peoples trust in the government and its leaders. It will also ensure the efficient use of the meager resources available for national development. (deLeon,2005,pp. 71-72) Sec. 28.Subject to a reasonable conditions prescribed by law, the state adopts and implements a policy of full public disclosure of all its transactions involving public interest. Full Disclosure by the State of all it’s transactions. 1. Duty of the State – Sec. 7 of the bill of rights guarantees the people’s right of information on matters of public concern and access to records pertaining to official transactions of the government. In the other hand, Sec. 28 requires the State to make public it’s transactions without demand from individual citizens.It stresses the duty of the State to release the information. 2. Transaction covered – The policy covers all State transactions involving public interests, i. e. , transactions which the people h ave a right to know particularly those involving expenditures of public funds. The law, however, may prescribed reasonable conditions for the disclosure to guard against improper or unjustified exercise of the right. The policy will not apply to records involving the security of the State or which are confidential in character. (H. de Leon, Phil. Constitution, pp. 64-72)

The Doctrine of Proprietary Estoppel Free Essay Example, 2250 words

It is quite essential to state that the set of guidelines were clearly intended to define the parameters of this equitable doctrine and indeed continued to be applied in proprietary estoppel cases long after, however more recently has been argued that it did not constitute a comprehensively applicable formula . Whilst the five probanda was clearly intended to set out an applicable and consistent framework for the applicability of the estoppel doctrine, the principles set forward in the Wilmot case were extremely similar to the constructive trust format, thereby undermining the purpose of estoppel as a form of recourse. Moreover, the ad hoc and somewhat inconsistent application of the test has arguably rendered proprietary estoppel a loose cannon . For example, in the case of Crabb v Ann District Council, the defendant owned two plots of land, with only one having access to the road. When he sold this plot of land he assured the buyer orally that access to the road would be grante d, however, he failed to reserve the right to access when selling the other plot. The court commented that in order to satisfy the equity several years earlier they would have ordered the plaintiff to pay something for the easement which they were recognising .We will write a custom essay sample on The Doctrine of Proprietary Estoppel or any topic specifically for you Only $17.96 $11.86/page Alternatively, Scarman relied upon the Willmott v Barber probanda and as such, the council was estopped from asserting their legal rights. Nevertheless, the divergence in judicial justification for ultimately reaching the same decision clearly begs the question as to whether proprietary estoppel is, in fact, a doctrine or a patchwork quilt of various ideas applied on a case by case basis.

The Binary Opposition Of Master And Servant In Jane Eyre

The binary opposition of master/servant is present throughout the novel. An evident example of rejection of the master/servant theme can be seen in the relationship between John Reed and Jane. Although Jane is an apparent member of John’s foster family, she is often treated of a lower class because of her orphaned status and low wealth. John Reed shows a strong inferiority as he claims himself ‘master’ when he is yet a child of the household. This is best portrayed by a scene in chapter 1 when Jane asks John, â€Å"’What do you want?’†, whereupon John replies, â€Å"’Say, ‘What do you want master Reed?’’† Jane evidently shows a rejection to the claim remarking, â€Å"’Master! How is he my master? Am I a servant?’† (Bronte, 1847). The title of ‘master’†¦show more content†¦John. Throughout the novel, Jane experiences and struggles against different forms of dependence , however, her actions and conduct of provoking society make her stand out from the traditional idea of women’s dependency. Jane’s actions are more so expressed from a male’s expectation of independence rather than a woman, as her behaviour is not accepted in women yet encouraged for men. Therefore, this pride and passion is what causes Jane to transgress the binary oppositions; she leaves the expected role of a dependent woman and challenges the societal normalities. Throughout the novel, Jane struggles to reach independence, as she talks back, leaves people that treat her poorly and only accepts situations which are self beneficial. By turning down the situations that she believes would hold her back Jane moves towards independence. The proposal from her cousin St. John is an example of this. Jane discovers that his marriage would be a disadvantage and would hold her back from her struggle of independence, thus finding that she would be â€Å"chained for life to a man who regards one but as a useful tool† (Bronte, 1847). The different forms of dependence Jane experiences in the novel are gradually overcome and Jane changes from being dependent to independent, therefore challenging her social hierarchy and dominating female societal labels. The binary opposition of rich/poor might traditionally be connected more so to social status than to gender, however, there