ACG 2021, Introduction to Financial Accounting, Fall 2000, Exam 1 :: UFL Florida Business Accounting

Adaptation A Page 1 ACG 2021C Test 1 FALL 2000 NAME _____________________________________ SS# ____________________________ Directions: Presently: Bubble in your segment number on your Scan Sheet. Fill in your name and government managed savings number on this assessment and your output sheet. 1. Listen cautiously for any remarks your delegate may have identified with the test. Peruse these directions cautiously. Inability to do so may bring about your losing focuses. 2. This test comprises of 50 various decision questions. Select the BEST answer and imprint the suitable space on the output sheet with a #2 pencil as it were. You MUST keep your sweep sheet face down on the work area at the point when you are not filling it in. 3. You may utilize ONLY a non-programmable number cruncher during the test. Utilization of some other adding machine will be considered an infringement of the respect code. Your test will be taken from you and you will get an evaluation of 0. 4. Toward the finish of 2 hours, you will be advised to stop. Put your pencils down IMMEDIATELY. Inability to do as such will bring about your getting a zero for the test. 5. The test comprises of 13 pages, including this spread, and a clear page toward the end. Ensure you have all pages and all inquiries. 6. Have your University of Florida Identification card fit to be checked when you turn in your test. 7. Accept the bookkeeping substances utilize a schedule year except if in any case noted. 8. Accept a 360-day year. 9. At the point when you are done, turn in your output sheet, just as your test. Answers will be posted on the web after the tests are given back in class. 10. The University of Florida strategy on scholastic trustworthiness will be carefully upheld. At the point when you are advised to open your test, go to the first page and discover your test code. Quickly bubble this in on your scantron. Variant A Page 2 1. As of December 31, Mesa Company has a parity of $5,000 in debt claims of which $500 is over 30 days past due. Plateau has a credit parity of $45 in the remittance for far fetched accounts. Plateau assesses its awful obligations misfortunes at 1% of current records and 10% of records more than thirty days. What change should Mesa offer to the leniency for far fetched accounts? A) $95 (credit). B) $55 (credit). C) $50 (credit). D) None, the current equalization is right. E) None of the above is right. 2. A business' asset report can't be utilized to precisely foresee what the business may be sold for since An) it distinguishes all the incomes and costs of the business. B) resources are commonly recorded on the asset report at their authentic cost, not their present worth.

Cadbury Schweppes Strategic Dilemma of Trebor Bassett Essay -- Value

Cadbury Schweppes' Strategic Dilemma of Trebor Bassett Cadbury Schweppes is a UK-based drink and confectionary bunch established in 1969 with the merger of two English gatherings (Cadbury and Schweppes). This family-oversaw bunch developed and prospered as the years progressed. It turned into a universal significant player in the late 80s and was appreciated by its companions for such a rising. In 1990 the gathering purchased two little elements from a similar business and consolidated them into a solitary unit: Trebor Bassett. The CEO of this unit before long turned into the CEO of the gathering (1993) and he at that point understood that the achievement of the previous years was earnestly in harm's way and that a genuine go should have been taken. John Sunderland (CS’CEO) and John Stake (Human Resources Director) chose to invest energy attempting to comprehend the issue and finding the adjusted arrangements. Let us perceive how to transform from a spending plan driven methodology to a supportable worth driven system. The accompanying pages will attempt to show how the point of reference achievement was in certainty an agreeable underperformance of CS, at that point how a genuine change in the method of seeing the business assisted with recouping lastly what turned into the test in 1999. I. Cadbury Schweppes in 1996: a good underperformance 1. An appreciated organization Cadbury Schweppes, brought into the world after the merger of two significant organizations in 1969, was an appreciated organization in 1996. In reality because of Sir Dominic Cadbury’s administration from 1983 to 1996, in view of a universal turn of events and a few vital acquisitions, the organization had become a genuinely worldwide player: the money related organization turnover expanded by 30% somewhere in the range of 1990 and 1996, the working benefit by 144%. This exhibition was underlined by the Most Admired UK Company Prize, granted by the agents of Britain’s top 250 traded on an open market organizations and 10 driving speculation vendor organizations. In 1996, Cadbury Schweppes accumulated exercises in two significant fields, both shopper situated: confectionary and refreshments. The refreshments branch was exceptionally serious, even more so as barely any mammoth players worked available. Cadbury Schweppes possessed worldwide packaging and association activities and sold items in 149 nations. The organization, isolated into five divisions in 1996, had a fluctuated item portfolio, in view of universal brands, for example, Schweppes or Dr. Pepper/Seven Up, gained by the gathering in 1995. With respect to the ... ...â€Å"over deliver† (= Game playing) - The Group was excessively far away from the BU and markets to value the unpredictable technique issues - Strategy of accomplishing market volume and misusing scale economy so as to secure momentary incomes â€Å"Grow greater through consistent volume increases† > value limits trying to secure volumes > unreasonable brand and bundling size expansion with no genuine promoting procedure (and danger of cannibalisation) - No Piloting devices (managers’ remarks : â€Å"A parcel of information, not a ton of good facts†) Openings Threats - Fragmentation of the market - Long term capability of the sugar confectionary business - Total desserts advertise was stale - Low end advertise : private names had just caught 20,000 tons inferable from the quality of British significant retailers - New rivalry entering the market in its most beneficial specialties - Raw material costs shooting up - Price rivalry Display 2: COMPETING ENVIRONMENT OF THE BRITISH SUGAR CONFECTIONARY MARKET The five powers model of Porter permits a superior examination of the appeal and estimation of the British sugar confectionary showcase in the 1990’s:

Essay Paper Writing Services - Find Out If You Are Getting Your Moneys Worth

Essay Paper Writing Services - Find Out If You Are Getting Your Money's WorthNeed a great deal of editing and essay paper writing services? Be sure to read about the companies that you are considering working with before making a final decision.I have a hard time writing a dissertation (for graduate school). I've always had a good grasp on how to structure essays but when it comes to academic paper writing, I'm a lost man. My essays are always too long and will go on for pages.I've looked around for advice, but no one really told me how to write a thesis statement. I'm basically asking for my life to be handed to me. I want to get all this right and have an excellent university exam score. I just can't seem to find the motivation.Well, I need help but my closest friends are family who do my reading and also course editors. They can tell me if I'm doing the right thing or not. There are many people online who are trying to sell essays writing services. One of the first questions I alw ays ask is if they are offering essays on specific topics.Many who offer their services do not offer essays on a topic that is of interest to the student because their students will not be satisfied with a bad paper. I want to get some essays written that I can use in my final exam. I'm going to pay for a great deal of revisions and essay paper writing services.Looking at a few of the well-known essay writing services is what I've done in the past. I've found the following: ESSENTIAL, POPSUGAR and EMPAC. The first one is online and is quite pricey, while the others are still offered. POPSUGAR will be the cheapest.I also like the fact that the website offers sample essays and good introductory material. EMPAC is quite costly and offers many different types of subject matter. There is also the cost of class time involved in the other classes to consider.For me, there is no point in paying for essay writing services when I can find out the material by myself from the textbook or by loo king online. What I've found the most effective way to improve my grade in college is to utilize any sort of practice assignment available on the site. I've used these out of class assignments on multiple subjects. I've found it to be the most effective way to improve.

Death Of The 19th Century - 947 Words

Pentridge Prison, built in the 1850 in the north of Melbourne, housed Victoria’s most infamous criminals, which included; Russell Street Bomber Craig Minogue, 1920’s gangster Squizzy Taylor, Hoddle Street gunman Julian Knight and Mark ‘Chopper’ Reid. Pentridge Prisons history emphasizes the changes in crime, offending and punishment over its period of operation. By the end of the 20th century, Australia was less violent in comparison to the end of the 18th and 19th centuries. Crimes that have reoccurred during this period include, homicides, assault, theft, burglary, rape, kidnapping and drunkenness in public. Graycar (2001) states that â€Å"in the early 20th century, drunkenness was seen as a crime itself and by the end, it was†¦show more content†¦Under s4 of the Abolition of the Death Penalty (1973) it was stated that â€Å"[a] person is not liable to the punishment of death for any offence.’’ The last execution at Pentridge Prison was the hanging on Ronald Ryan in 1967, ‘’the accompanying public protest was enough to ensure that it was the last execution in Australia’s history.’’ (Finnanne 2008). Since the abolition of the Death Penalty, criminals who have committed crimes such as murder were no longer sentenced to the death penalty instead; life imprisonment became the maximum punishment. During 1850 when Pentridge Prison was first opened, hard labour was introduced, prisoners had to provide labour for the construction of Sydney Road. Moreland History (2014) stated â€Å"there was a lot of bluestone in the area so the prisoners could do ‘hard labour’ by breaking up the stone and working on the unmade road.’’ During this time prisoners at Pentridge Prison slept, ate and worked in chains, they were forced to sleep on wooden benches and ate outside standing in all types of weather, for those who broke the rules or refused to work were punished by wearing heavy irons or given solitary confinement on bread and water. Moreland History (2008) further claims ‘’hard labour was introduced in the 19th century to teach prisoners the value of hard work in attempt to deter others from committing a crime.’’ During the 19th century,

What Was the Atlantic Charter Definition and 8 Points

The Atlantic Charter (signed August 14, 1941) was an agreement between the United States and Great Britain that established the vision of Franklin Roosevelt and Winston Churchill for a post-World War II world. One of the interesting aspects of the charter that was signed on August 14, 1941, was that the United States was not even a part of the war at the time. However, Roosevelt felt strongly enough about what the world should be like that he put forth this agreement with Churchill. Fast Facts: The Atlantic Charter Name of Document: The Atlantic CharterDate Signed: August 14, 1941Location of Signing: Newfoundland, CanadaSignatories: Franklin Roosevelt and Winston Churchill, followed by the governments in exile of Belgium, Czechoslovakia, Greece, Luxembourg, the Netherlands, Norway, Poland, and Yugoslavia, the Soviet Union, and the Free French Forces. Additional nations expressed support of the treaty through the United Nations.Purpose of Document: To define the Allies shared ethics and goals for a post-war world.Main Points of the Document: The eight major points of the document focused on territorial rights, freedom of self-determination, economic issues, disarmament, and ethical goals, including freedom of the seas and a determination to work for a world free of want and fear. Context Churchill and Franklin met aboard the  HMS  Prince of Wales  in Placentia Bay, Newfoundland to respond to Germanys successful attacks on Britain, Greece, and Yugoslavia. At the time of the meeting (August 9-10, 1941) Germany had invaded the Soviet Union and was on the verge of attacking Egypt in order to close off the Suez Canal. Churchill and Franklin were also, simultaneously, concerned about Japans intentions in Southeast Asia. Both Churchill and Franklin had their own reasons for wanting to sign a charter. Both hoped that the charter, with its statement of solidarity with the Allies, would sway American opinion toward involvement in the war. In this hope, both were disappointed: Americans continued to reject the idea of joining the war until after the Japanese bombing of Pearl Harbor. Eight Points The Atlantic Charter was created to show solidarity between the United States and the United Kingdom in the face of German aggression. It served to improve morale and was actually turned into leaflets, which were airdropped over occupied territories. The eight main points of the charter were very simple: First, their countries seek no aggrandizement, territorial or other; Second, they desire to see no territorial changes that do not accord with the freely expressed wishes of the peoples concerned; Third, they respect the right of all peoples to choose the form of government under which they will live; and they wish to see sovereign rights and self-government restored to those who have been forcibly deprived of them; Fourth, they will endeavor, with due respect for their existing obligations, to further the enjoyment by all States, great or small, victor or vanquished, of access, on equal terms, to the trade and to the raw materials of the world which are needed for their economic prosperity; Fifth, they desire to bring about the fullest collaboration between all nations in the economic field with the object of securing, for all, improved labor standards, economic advancement and social security; Sixth, after the final destruction of the Nazi tyranny, they hope to see established a peace which will afford to all nations the means of dwelling in safety within their own boundaries, and which will afford assurance that all the men in all lands may live out their lives in freedom from fear and want; Seventh, such a peace should enable all men to traverse the high seas and oceans without hindrance; Eighth, they believe that all of the nations of the world, for realistic as well as spiritual reasons must come to the abandonment of the use of force. Since no future peace can be maintained if land, sea or air armaments continue to be employed by nations which threaten, or may threaten, aggression outside of their frontiers, they believe, pending the establishment of a wider and permanent system of general security, that the disarmament of such nations is essential. They will likewise aid and encourage all other practicable measure which will lighten for peace-loving peoples the crushing burden of armaments. The points made in the Charter, while they were in fact agreed upon by the signators and others, were both more and less far-reaching than had been hoped for. On the one hand, they included phrases regarding national self-determination, which Churchill knew could be damaging to his British allies; on the other hand, they did not include any formal declaration of American commitment to the war. Impact The charter, while it did not precipitate American involvement in World War II, was a bold step on the part of Great Britain and the United States. The Atlantic Charter was not a formal treaty; instead, it was a statement of shared ethics and intent. Its purpose was, according to the United Nations, to be a message of hope to the occupied countries, and it held out the promise of a world organization based on the enduring verities of international morality. In this, the treaty was successful: it provided Allied forces with moral support while also sending a powerful message to the Axis powers. In addition: The Allied nations agreed to the principles of the Atlantic Charter, thus establishing a commonality of purpose.The Atlantic Charter was a significant first step toward the United Nations.The Atlantic Charter was perceived by the Axis powers as the beginnings of the United States and Great Britain alliance. This had the impact of strengthening the militaristic government in Japan.Though the Atlantic Charter pledged no military support for the war in Europe, it had the impact of signaling the United States as a major player on the world stage. This was a position that the United States would firmly hold after World War II in its efforts to rebuild a war-torn Europe.

The Social Responsibility Of Business Essay - 1959 Words

1.) Do you agree or disagree with the following quotation: â€Å"There is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say engages in free and open competition, without deception and fraud.† Milton Friedman, a Nobel Prize winning economist. In other words, the social responsibility of business is to make a profit. I do not agree with the following quote by Milton Friedman. Engaging in activities that are designed to only increase profits for a company would open doors to complications and mistakes, which is caused by the lack of customer satisfaction. The social responsibility of any business should be to take care of its customers, instead of just focusing on the amount of profit the company is making. If a company decides to just focus on making a profit, it will lose focus on providing customers with products and services that will improve their standard of living. Based off of Archie B. Carroll’s global corporate social responsibility pyramid, doing what is profitable or what is required by global capitalism is the base of the pyramid, whereas being a good global corporate citizen and doing what is desired by global stakeholders is at the top of the pyramid. Though it is important for companies to make the most amount of profit possible, it is also equally crucial for companies to contribute to their society by being a goodShow MoreRelatedThe Social Responsibility Of Business932 Words   |  4 PagesA corporation does do business within a vacuum; rather exist as part of larger collective framework of society, stakeholders and a global business community. I believe that corporations which are profitable, and promote moral and ethical standards are the benchmark of success; additionally, corporations bear a great social responsibility to the society it exists within, an simply working within â€Å"the basic rules of society, both those embodied in law and those embodied in ethical custom† is not enoughRead MoreBusiness and Social Responsibility1140 Words   |  5 PagesWhen a business gets incorporated regardless of the business size and the nature of profession requires an adequate execution methods for being successful and to achieve its goals. Some of these goals can be short-term or long-term, depends on the nature of business. Likewise, these execution methodologies can be vary time to time as the corporate needs to satisfy different groups of people such as : top hierarchy stakeholders, staffs ,shareholders, and even non-related business groups such as environmentalistsRead MoreThe Social Responsibility Of Business1422 Words   |  6 Pagesthe business be held accountable for these actions? In his essay â€Å"The Social Responsibility of Business Is to Increase Its Profit† Milton Friedman, powerful economist, discusses what a business should prioritize in the economic system. Friedman declares what a business is responsible for and the guidelines they must follow. Due to Friedman’s view, he would not have condoned the actions and decisions that the executives at Ford Motor Company took. Friedman argues that the only responsibility a businessRead MoreThe Social Responsibility Of Business1042 Words   |  5 PagesCorporate Social Responsibility is defined as a business preparation that involves participating in creativities that help society. Friedman: The Social Responsibility of Business is to increase its profits. Milton Friedman argues that the only social responsibility a business has is to itself – mainly to its profits, and therefore, its stakeholders. The business management in charge of a company works for the organization and eventually for the stakeholders. This person is responsible for carryingRead MoreThe Social Responsibility of a Business647 Words   |  3 Pagesï » ¿The Social Responsibility of Business: The role of business in the society became a major aspect across business after Milton Freedman wrote the most provocative article in 1970. As an economist, Freedman stated that the main purpose of businesses is to generate profits for its shareholders. Furthermore, he argued that companies with responsible attitudes were likely to encounter increased binding constraints unlike those that lacked these attitudes, resulting in them becoming less competitiveRead MoreThe Social Responsibility Of Business787 Words   |  4 Pages The economist and Nobel laureate Milton Friedman’s article published in The New York Times Magazine in 1970 titled, â€Å"The Social Responsibility of Business Is to Increase Its Profits.† (NYTimes, 1970) set tone for companies all across the country and all over the world. Companies start to turn in profits that shattered all charts and stock markets. Beginning in 1960s to 1990s, Capitalism had won the cold war with its arch rival the Soviet Union had withered away into the oblivion and the companiesRead MoreThe Social Responsibility Of Business1437 Words   |  6 Pagesthe business be held accountable for these actions? In his essay â€Å"The Social Responsibility of Business Is to Increase Its Profit† Milton Friedman, powerful economist, discusses what a business should prioritize in the economic system. Friedman declares what a business is responsible for and the guidelines they must follow. Due to Friedman’s view, he would not have condoned the actio ns and decisions that the executives at Ford Motor Company took. Friedman argues that the only responsibility a businessRead MoreThe Social Responsibility Of Business2053 Words   |  9 Pagesevolution-taking place; now the level of a business social responsibility has become increasingly integrated into modern business practices. This focus has seen both advantages and disadvantages to the business. However, to what extent has the use of the greater focus of a business social responsibility affected its competitive advantage in its marketplace. CSR is described as; â€Å"the principle that companies can and should make a positive contribution to society, of managing the social, environmental and economicRead MoreSocial Responsibility Of A Business1444 Words   |  6 Pagesareas of business and nonprofit management. However, Cohen’s article on social responsibility drew a lot attention from other scholars like Friedman. In view of this, this paper will discuss and define the concept of social responsibility of a business to its workers, stakeholders, and society; how the perspectives align with that of Drucker; comparing Cohen’s opinion with that of Friedman and finally determines which of the two individual’s opinion best aligns with the current business climate promotingRead MoreThe Social Responsibility Of Business1463 Words   |  6 PagesIn his paper titled The Social Responsibility of Business is to Increase Its Profits†, Milton Friedman addresses the key issue of weighing social responsib ility against profit maximization for shareholders. This conflict is the basis for Friedman’s whole paper, as he explores the two sides of the situation. In order to set up his argument, Friedman lays down a framework by explicitly stating a certain premise. This is that businessman view â€Å"social responsibility† and profit as not being mutually

Arthur Birling and fiancee of Gerald Croft Essay Example For Students

Arthur Birling and fiancee of Gerald Croft Essay Arthur Birling was a very rich man and only seemed to care about his family and how well his business and financial position was progressing. He didnt know any of his workers and didnt want to either, as he quotes I have a couple of hundred workers under me, who keep changing This shows that there was no personal relationship with Arthur or Eva Smith until the strike.  Arthur claims that his workers came back of there holidays very restless and demanded for a pay rise. Of course Arthur denies it, so all the workers hadnt came back. After a few weeks the workers were getting poor so they had to come back and beg for their jobs. Arthur decided to let them come back because he might not want to admit it but he did need them. Because of all this trouble he decided to sack the ringleaders and Eva Smith appeared to be one of them. Eva Smith was out of work now for a couple of months, and was earning no money. She had no savings and her parents were dead so she couldnt ask them for help. Eva had only few friends and they were in no financial position to help her. So I dont think that the events linked between Arthur Birling and Eva Smith are the cause of her death; she is capable of finding another job. Sheila Birling, the daughter of Arthur Birling and fiancee of Gerald Croft understands the effect she had on Eva. One day whilst Sheila was at Milwards a very nice shop, Sheila was experimenting with some hats and she new very well that they didnt suit her much so she asked Miss Francis to show her how they should be worn. Miss Francis asked Eva to put it on and show Sheila how they should be worn. Eva was a very pretty girl and the hat looked beautiful on her so at this point I think that Sheila might have been a bit jealous of Eva. When Sheila was trying the hat on in the mirror it looked quite ridiculous and in the reflection she noticed Eva Smith laughing at her. Sheila was furious and was very rude to Miss Francis and Eva. Sheila went straight to the manager and complained that Eva was being very disrespectful and wanted her fired. She also complained, that if Eva was working in the shop then next time she came in to buy clothes she would walk out immediately and never shop there again, and tell her Mother to close her account with you. It seems a pathetic reason for Eva to be fired, but customers and clients are always right. I think that Sheila was jealous of Eva and to show off her power she got her sacked from her last decent job. All these incidents are adding up and must be very painful for Eva.  Gerald Croft was the fiancee of Sheila and had a large contribution to Eva Smiths death. He had an affair with her and then just abandoned her when he felt like it. This all started when he saw her one night at the Stalls bar in the Palace Theatre. A fat man was harassing Eva, so Gerald started talking to her and found out that she was starved, jobless, penniless and homeless. He insisted that she should stay at his flat in the city because he is never there.

Business and Culture In the U.S. and Japan free essay sample

Compares cultures (individual and society, personal space) and examines the effective American use of Japanese management styles (just-in-time systems, work groups) in General Motors Saturn division. Introduction Japanese management techniques, including just-in-time (JIT) manufacturing and quality circles (QC), have gained much attention in recent years as American companies have focused on improving their profit performance and their competitiveness in the international market. However, it is not possible to simply transport Japanese management approaches without taking into account some of the significant differences between the cultures of Japan and the United States. This research examines some of the critical cultural differences between the two countries and considers how those cultural differences affect business operations in the two nations, and, specifically, within the automotive industry. Key Cultural Aspects Compared Between Japan and the USA One of the greatest

Maratha Empire and Fort Essays

Maratha Empire and Fort Essays Maratha Empire and Fort Essay Maratha Empire and Fort Essay Raigad fort Raigad (Marathi: is a hill fortress situated in the modern day Raigad district of Maharashtra, India. The Maratha king Shivaji made the fort his capital in 1674 when he was crowned King of a Maratha Kingdom which later developed into the Maratha Empire eventually covering majority of modern day India. The fort, which rises 820 metres (2,700 ft) above sea level, is located in the Sahyadri mountain range. There are approximately 1400–1450 steps leading to the fort, though today a rope-way exists to reach the top of the fort. The fort was looted and destroyed by the British upon siege. History Shivaji Maharaj had seized the fort in 1656, then the fortress of Rairi, from the royal house of the Chandrarrao Mores, a junior or Cadet dynasty descended from the ancient Maurya imperial dynasty. The last More king (or raja) was a feudatory of the Sultan of Bijapur. Shivaji renovated and expanded the Fortress of Rairi and renamed it Raigad (the Kings Fort), the name he gave it when he selected it for his capital when he founded the Maratha empire. Rajgad, a hill fortress situated in Raigad District of Maharashtra, India was capital of Shivajis kingdom. Major features The fort was built by Chandrarao Mores in 1030. forts ruins today consist of the queens quarters, consisting of six chambers, with each chamber having its own private restroom with plumbing. The main palace was constructed using wood, of which only the bases of pillars remain. Ruins of three watch towers can be seen directly in front of the palace grounds overlooking an artificial lake called Ganga Sagar Lake created next to the fort. It also has a view of the execution point called Takmak Tok, a cliff from which the sentenced prisoners were thrown to their death. This areas is now fenced off. [1]. The fort also has ruins of the market, and it has such structure that one can shop even while riding or sitting astride a horse. The kings public Durbar has a replica of the original throne that faces the main doorway called the Nagarkhana Darwaja. This enclosure had been acoustically designed to aid hearing from the doorway to the throne. A secondary entrance, called the Mena Darwaja, was supposedly the private entrance of the royal ladies of the fort; it leads to the queens quarters. The erstwhile main entrance to the fort is the imposing Maha Darwaja. The convoy of the king and the king himself used the Palkhi Darwaja. To the right of Palkhi Darwaja, is a row of three dark and deep chambers. Historians believe that these were the granaries for the fort. [2] A statue of Chhatrapati Shivaji is erected in front of the ruins of the main market avenue that eventually leads to the Jagdishwar Mandir and his own Samadhi (tomb) and that of his dog Waghya. [3]

Is WTO a Necessasity for Global Trade Essay Example | Topics and Well Written Essays - 3250 words

Is WTO a Necessasity for Global Trade - Essay Example The article takes a deeper look at the WTO (World Trade Organisation) as the sole international organisation that deals with the global trade rules between countries. The main function of WTO is ensuring that global trade flows predictably, smoothly, as well as freely as possible. The organisation can be looked at in several ways. First, it is an organisation, which fosters opening of trade. Second, national governments negotiate agreements on trade through the forum. Thirdly, national governments settle diverse trade disputes through it and finally, it operates a trade rules’ system. Essentially, WTO is an effective place in which the member governments attempt sorting out various trade problems they encounter with each other. The WTO entails a set of rules: the core of the agreements of WTO, which were negotiated as well as signed by majority of the trading nations in the world, forms its basis of operations. The agreements provide the member governments with legal ground-ru les for smooth international commercial activities. The agreements are essentially contracts, which bind national governments to stick to their policies of trade within agreed limits and boundaries. Although the agreements have been negotiated as well as signed by national governments, the objective is helping goods and services’ producers, exporters, as well as the importers to carry out their business operations while permitting governments to meet the environmental and social objectives. (Aaronson 1996). The overriding purpose of WTO system is to aid trade to flow freely so long as it has no undesirable side effects since this is imperative for the overall well-being and economic development. That partly implies removal of obstacles. It also implies ensuring that individuals, governments, and companies know the existing trade rules across the globe as well as giving them confidence there won’t be sudden alterations of the policy. In simple terms, the rules must be p redictable and transparent (Jackson 1994). The WTO has many benefits but there are also some critics to its operations and this forms the basis of this paper. Thus, the paper shall examine the functions of the WTO and its achievements and gauge them against the criticism presented by those opposed to its operations to help in giving a comprehensive conclusion regarding whether the WTO is a necessity for global trade or not. Basic Information about the WTO The WTO is based in Geneva, Switzerland. It began its life on January 1 1995 though its system of trading is about fifty years older. The General Agreement on Tariffs and Trade (GATT) has since 1948 provided the system with effective rules. GATT was born by the General Agreement as an unofficial, de factor global organisation. This unofficial defector organisation evolved via a number of rounds of negotiations as members tried to compile an effective plan for their operations. The largest and last GATT round, which established the WTO, is the popular Uruguay Round that lasted between 1986 and 1994. While GATT had chiefly dealt with essential trade in goods, WTO and its accords currently, cover the trade in services, as well as in traded designs and creations and inventions (the intellectual property). By 10 February 2011, the body (WTO) had a membership of 153 nations while its budget for 2011 amounted to 196 million Swiss Francs. The head of WTO is Pascal Lamy (the director-general) who leads its 640 secretariat staff (WTO 2012). Functions of WTO The body is run and managed by its member state governments. All the major decisions of WTO are reached upon by its membership either by their delegates or by ambassadors (who meet frequently in Geneva) or ministers (who typically convene a meeting at least once for every two years). While the member states drive it, the WTO cannot function effectively without its Secretariat coordinating its activities (Aaronson 1996).

Criticism of Absorption Cost System Math Problem

Criticism of Absorption Cost System - Math Problem Example As common sense would have it, fixed cost remains fixed no matter what the level of production is. Hence, in such a case managers often tend to over produce thinking it’s better to allocate the fix overhead over a wider range of output and reducing the cost per unit (since spreading fixed cost over greater units tends to drive down fixed cost per unit and when fixed costs per unit go down then so does the overall costa per unit), thus seeking an increase in profit per unit of output. The lower fixed cost per unit does of course increase the level of profitability. But a couple of factors need to be considered while making the overproduction decision. While over producing tends to allocate fixed cost over a greater units of output, we need to see whether we really need to over produce. Many factors would need to be considered including the demand for the excess produce, storage and handling costs, cash flow situation etc. There would be no point going for over production if the re is no sales market for additional units or the storage costs are high as such a step might actually cost more than the saving done by allocating the fixed overheads on excessive production. It also needs to be considered that what would happen to the excess inventory that would be produced. If the company has not taken care of the market conditions and consequently it produces in excess of its projected sales, then such an exercise would result in excessive stock piling. Clearly the company wouldn’t be profitable in such a scenario. Another key question that needs to be answered is whether the incentive to overproduce allows over producing stock irrespective of stock piling or storage conditions. The excessive inventory that would be produced would be visible to everyone, reflected on managerial accounts as well as in the company’s audited financial statements. It is no doubt important for managers and decision makers to consider here whether the allocation of fixed overheads provides an incentive to overproduce or not. However the danger reflected by the incentive to over produce should not be made the basis of decision making about the allocation of the fixed overheads. I agree with your view that over production results in excess inventory. Yes, sometimes it does happen that excessive production is done at the year-end so that the production costs can be driven down and financial statements are efficiently window dressed to show a good position of the company. However you need to know that there are some products that take a lot of time to be produced and their fixed costs are extremely high. In such a case, I personally think that over production is justified provided there are adequate storage facilities and there is an active sales market. Student’s Response: â€Å"In my experience allocations which are confined to fix overhead is the catalyst to overproduce a less than desirable product. There are two things that definitely go w rong. 1. When management have an incentive to decrease the cost of product, usually this is a force step toward decrease quality of all resource used to make a final product with less capital and in less time.

Involves and acid and a metal Essay Example for Free

Involves and acid and a metal Essay The Problem: To investigate one of the factors affecting the rate of reaction between a metal and an acid. Background Knowledge: The balanced equation for the reaction that takes place between magnesium and hydrochloric acid is: Mg + 2HCl == MgCl + Cl From this equation, we can already see that it involves and acid and a metal, therefore: Acid + metal == salt + hydrogen The ionisation equation of the hydrochloric acid is: HCl(aq) == H + Cl This experiment will demonstrate the breaking of bonds. Bonds break in order to allow certain atoms to re-arrange before the new bonds are formed. When magnesium reacts with the hydrochloric acid, a particle of this acid must collide with a particle of the magnesium with adequate energy in order to break the bonds between the magnesium and the hydrochloric acid. This is known as the Collision Theory. The collisions between the particles must collide more often and with more sufficient energy in order for the rate of reaction to increase. Although, not every collision produces a successful reaction as they require a certain amount of energy to break bonds. This is called activation energy. The rate of a chemical reaction refers to the speed at which it happens, and different metals react at various rates. The progress of a reaction can be measured by the rate of a formation of a product or by the decrease of reactants. There are four main factors that can be varied to affect the rate of reaction between magnesium and acid: 1. Surface area (of the reactants) 2. Concentration (of the reactant) 3. Temperature 4. The presence of a specific catalyst If the surface area were increased by using a magnesium powder, then the reaction would speed up, as there are more particles that are able to collide with the hydrochloric acid. The products of a reaction are formed as a result of the collisions between the reactant particles. Consequently, if the concentration of a solution is increased, collisions are more likely to occur. The more often the particles collide, the higher the chance that a reaction will take place. Subsequently, the rate of a chemical reaction increases if the concentration of the reactant is also increased. This is also because the rate is proportional to the concentration. E. g. Diagram to illustrate a high concentration and a low concentration: When the temperature at which the reaction is carried out is increased, the energy of the particles also increases. As a result of this, the particles move much faster allowing them to collide more often with other particles. Therefore, as there are more collisions and these collisions are more energetic, the rate of reaction increases. Catalysts are used to speed up a reaction. These biological catalysts are extremely specific, therefore only speed up certain reactions. Every chemical reaction taking place has an exclusive enzyme catalyst (an enzyme is a protein molecule produced in a living cell.) A catalyst will decrease the activation energy and forms an alternative path to help the collisions to be more successful. Safety: As I will be using glass conical flasks and burettes, I will be very careful when handling them in case I harm myself or others by dropping them. The hydrochloric acid is also corrosive, which means that it is able to eat away at materials that it is within contact with. Again, I should handle this carefully and ensure that there are no spillages. Water seems quite harmless, but if I spill any, it is possible that someone may skid or trip on it. For safety precautions, I will wear goggles and an overall and also tie my hair back. Method:   I will begin by attatching a plastic burette clamp to a clamp stand at a practical height to begin my experiment.   I will then fill my water tub approximately 1/2 full with water, and place it next to my clamp stand (so that the burette clamp is able to hole the burette above the tub. )   Next, I will fill my burette with tap water above 50cmi   and attach it to my clamp stand using the burette clamp. Very quickly, I will swiftly turn the burette upside down and speedily submerge it under the water. Afterwards, I will produce the solution of hydrochloric acid and water using separate measuring cylinders. I will remove the bung that is stopping the conical flask, and pour in the measurements of hydrochloric acid and water. I will then drop the magnesium ribbon (which will be cut using scissors), replace the bung and swirl the solution for a second, whilst starting the stop clock. I will take readings every 10 seconds. Diagram: Apparatus:   Burette   Delivery tube Clamp stand   Burette clamp   Magnesium tape   Distilled water   Stop clock   Conical flask Measuring cylinders (at least 2).

She :: essays research papers

Khadijah and her brother was home alone on a Monday night. No they were not trying to have a wild party. They were waiting by the phone expecting a call from there parent. I know this sounds strange, teenagers waiting for a call from their parents. But this was not a "Is the house okay" call. There Aunt Marla was in the Hospice House for the terminally ill. They wanted to know how she was doing and was every thing okay. When the phone rung they ran to it like horses at the race track. It was their father telling them that their Aunt was doing fine and will have to stay there a couple of months. They felt relive to hear the good news, but Khadijah knew something was not right. As she got in the bed it felt kind of strange like someone was in it. (Let's not forget this is the same bed Khadijah use to share with her Aunt when she lived with her family.) Khadijah went to sleep with her Aunt Marla in her mind. The next morning Khadijah woke up feeling like something was wrong. She got dress as usual and went down stairs for breakfast. But she did not sit to the table with her brothers. Instead she sat in the rocking chair her Aunt read her stories in. When her mother came down stairs she ask was everything was okay. Khadijah said "yes everything is fine." Everything was not fine, but Khadijah did not no what was wrong yet. When Khadijah got out of the chair to take her bowl to the kitchen she notice it started to rock on its own. She thought nothing of it and guess it came from her getting up real fast. Every morning Khadijah's mother takes her and her brother to school. And on the way there is a graveyard. Khadijah hardly ever looks at the graveyard when she passes by, but something about it today made her look. It look like it had some kind of glow to it. As she pass by Khadijah said "Somebody's dead", her brother Carl said " No duh! The people in the graveyard are.". But Khadijah was not talking about the people in the graveyard. Then Khadijah ask her mother what time was it. Her mother said it was 8 o'clock. Her brother ask "Why does it matter?

Abraham Lincoln and the Self-Made Myth Essay

An ambitious ascent from a poor Illinois farm boy to occupying the highest political office during one of Americas most turbulent times makes for the literature of hero worship. In the essay entitled Abraham Lincoln the self-made myth Rich Hofstadter challenges the reader to penetrate beneath the surface of the American political tradions and investigate the event and actions that contributed to the Lincoln Myth. To begin with Hofstadter states that one of Lincolnà ¢Ã¢â€š ¬Ã¢â€ž ¢s most endearing qualisties to Americans was his humble origins and the fact that, à ¢Ã¢â€š ¬Ã…“Lincoln was a preeminent example of that self-help which Americans have always so admired,à ¢Ã¢â€š ¬Ã‚  (121). But he further goes on to state that Lincoln used this to his advantage. First in his campaign speeches always eluding to himself as humble Abraham Lincoln and in the way he addressed his own wife in public as à ¢Ã¢â€š ¬Ã…“motherà ¢Ã¢â€š ¬Ã‚  (122). See more: Foot Binding In China essay He received distinguished guests in shirtsleeves, and once during his presidency hailed a soldier out of the ranks with the cry, à ¢Ã¢â€š ¬Ã…“Bub! Bub!à ¢Ã¢â€š ¬Ã‚  The concept of the self-made, simple man played well with the American public thus became à ¢Ã¢â€š ¬Ã…“fully absorbed into his political being,à ¢Ã¢â€š ¬Ã‚  (124). Historical novels and fictionalized biographies about Lincoln would be amiss of the greater portion of its contents were not dedicated to the slavery issue. Many only give, à ¢Ã¢â€š ¬Ã…“a tiresome celebration of the America past with a progressive interpretation of American history of her-worship and national self-congratulation,à ¢Ã¢â€š ¬Ã‚  (Forward 2). In Hostadterà ¢Ã¢â€š ¬Ã¢â€ž ¢s essay he discusses the slavery issue not with a sentimental approach but with critical analysis. Lincoln was a Southerner by birth. He grew up in communities in Illinois where slavery was rare. Laws against runaway slaves were in force when Lincoln served in the s tate legislature. It was here that Lincoln made his first public statement on slavery by voting against a proslavery resolution.

Visiting Museums - Free Essay Example

Sample details Pages: 1 Words: 299 Downloads: 4 Date added: 2017/09/18 Category Art Essay Type Argumentative essay Did you like this example? Some people find visiting museums boring as a form of entertainment, while others believe that the role of museums is to educate people, not entertain. Discuss, what is your opinion? In our world today, there is a wide variety of museums where people can travel to and see differently interesting things. Some people state that visiting museums is only a form of recreation; others disagree, arguing that museums play a role in education. In fact, each of these arguments has its own validity. Firstly, museums such as art and music can offer people with a wide range of entertainment activities. For example, they often organise traditional music events performed by local or other famous artists that people can attend to and enjoy to some extent. Another point is that many visitors nowadays may choose to come to museums just for pleasure or as one of the activities that they take part in their holiday trips. This, therefore, makes museums a place to entertain in people leisure time. On the other hand, the establishment of a particular museum like history, science, or oceanography is usually attached to educational purposes. As can be seen, school and university students and teachers are always the guests of museums because the places are where they can discover and obtain a large amount of information related to their studies and teaching. In addition, there are a number of seminars and conferences held at museums that are informative and necessary for scholars and experts in their fields of research. In this way, museums prove the supporting role in human education. In conclusion, visiting museums is clearly seen as both means of entertainment and education. However, from my viewpoint, people should perceive the value of museums in enhancing their own knowledge about the world they live in. Don’t waste time! Our writers will create an original "Visiting Museums" essay for you Create order