Presentation+finance Essay Example | Topics and Well Written Essays - 1000 words

Presentation+finance - Essay Example rder to get vital information since one of our objectives of our research was to report truly and fairly on the financial affairs and the performance of the business. Therefore out of all the possibilities we had, we landed an evergreen bar and restaurant a newly established and independently owned business in town. First we wanted to know how the business was financed and how it continues to be financed. But to get an answer to this, we asked for the balance sheet and our main aim was the financial structure in the capital structure of the firm. We found from the financial structure that most of the firm is owned by ‘owner’ unlike outsiders. By â€Å"owners† it means the ordinary shareholders formed 85% of the financial structure. The other 15% represented ownership from preference shareholders. Then on whether the firm uses bank facilities like bank overdraft, we found from the balance sheet that at one point in time the firm used the facility. But we had to obtain confirmation from the bank whether the overdraft was given. This was confirmed to know whether the restaurant sells its products and services at recommended prices. b) We compared this prices with what other similar restaurants are offering. We found out that the firms sells their products and services at slightly higher prices and enquiry were told that evergreen bar and restaurant enjoys and enviable goodwill in the area. But goodwill as an asset cannot be measured reliably and therefore we ha to compare the number of customer who visit the restaurant vis–a-vis other restaurants. They exceed the other restaurants and therefore enjoy relative goodwill. We also used the questionnaire method of collecting information to establish whether the customer were satisfied with both he services given whether the price they paid for the goods and services was worth. Our team also wanted to establish whether all daily sales were promptly and accurately recorded and also whether all purchases we

Logistics Management Essay Example | Topics and Well Written Essays - 3000 words

Logistics Management - Essay Example Logistics management includes channel management, material management, distribution management and supply chain management. Manufacturing and distribution organizations generally use several modes of transportation in the field of domestic and international logistics management. There are four major modes of transports that are being adopted and implemented by the organizations. Transportation is considered as the important link of domestic or international logistics systems. Vehicles that are used in logistics management should have specific necessary properties. Transportation can be defined as the shipment of goods or services from a point of origin to point of consumption through air, road, rail and sea modes. Logistics and freight transportation is important to the economy of a country. Billions of dollars worth of services or goods is being moved by train, truck, barge or ship at any given point of time through international freight transportation process. Transportation in log istics management concerns the movement of goods or services from a source, such as factory, plant or workshop to a particular destination, such as retail stores, customers or warehouses. This transportation or shipments of goods or services can take place via air, water, road, rail, pipeline or cable routes using boats, trucks, trains or plains. The essay will discuss about four different modes of transportation, such as air, water, road and rail. In addition to this, the essay will determine the legal consideration, financial aspects and government actions that are associated with these four different modes of transportation. Discussion Cargo handling is the major objective of a manufacturing and distributing organization in its logistics management process. Cargo handling includes shipment and delivery of goods and services. This cargo handling process is generally done through four major means of transport, such as waterways, roadways, airways and railways. Roadways Logistics Lo gistic trucks are used in roadways logistics management process. Roadways logistics generally play a key role in the cargo handling process even in sub urban, area, small towns and rural areas. Organizations generally use large number of logistics trucks having different shipment capacities. Global business environment has become highly competitive as several manufacturing and distributing organizations are implementing unique operation strategies in logistics management process. Earlier, the organizations were focusing on only high revenue generation and profit maximization. Now-a-days, several leading organizations are focusing on sustainable strategy development process in order to avoid several external and internal issues and challenges, such as environmental issues, legal issues and workplace conflicts. Organizations used to keep logistics trucks with different shipment capabilities in order to supply the shipments of different size. The organizations use trucks with different shipment size based on the amount of orders of several business clients and customers. The operating cost associated with the trucks in the logistics management depends upon the distance of places, size of shipments, size of trucks and amount of equipments used in trucks. Now-a-days, the organizations are using fuel efficient trucks in order to reduce the level of fuel consumption and carbon emission. Fuel consumption and carbon emission are closely interrelated. Hugh consumption of fossil fuel can increase the carbon emission level. Air pollution and several critical human diseases are the major consequences of

Cost Effectiveness In Prison Management Criminology Essay

Cost Effectiveness In Prison Management Criminology Essay It is unclear what characterizes an offender as elderly. The age of 65 as a marker between middle age and old age was based off of social legislation during the late 19th and early 20th centuries for purposes of determining eligibility for social, retirement or other benefits.19 Many offenders are considered by correctional authorities to be a part of the older prison population, despite being aged 15 years or more below societal perceptions of ages traditionally affiliated with being old. States have applied different factors to gauge the true age of elderly inmates as a result of their continuous exposure to the prison environment. Such factors include the stress and anxiety associated with living in an isolated environment, the degree of mental and physical impairment, and the higher risk of victimization due to the offenders advanced Elderly Inmates: A Growing Trend US- Graying Prison, Canada- Japan- HK- Argument against incarcerating the elderly offender Cost of Incarceration Basic Needs and Programs In the US, the courts have ruled that inmates have rights that are essentially dominated by the basic needs of all inmates. Sufficient nutrition, medical care, and safety are a few of the rights determined by the courts to ensure that basic needs are met. Programs have also been initiated for non-basic needs, for example, educational and training program, work programs and therapy and counseling programs. The programs that meet the basic and non-basic needs of older inmates are essentially the same as for younger inmates. However, there is a difference between what is required to meet the basic and nonbasic needs of younger versus older inmates. The discrepancies exist between and inmates needs which result in specialized programs (Wheeler, 1999). To cope with the needs of an increasing older prison population, states corrections departments have been taking steps ranging from developing targeted programs and activities for elderly inmates to providing specialized geriatric care. In a 2001 survey by the U.S. Criminal Justice Institute, approximately 15 of the 44 participating states and territories indicated that they provided supervised recreational programs specifically designed for older and elderly inmates. And other states have established educational programs on wellness and aging issues as part of an overall preventive care program. Ohios hocking correctional facility offers a 50+ and Aging program, which is designed to address the physical, psychological and social needs of older inmates. Such activities as chair aerobics, adult basic education and GED classes are provided as part of the program, as well as specialized recreational options, including bingo, shuffleboard, horseshoes and a walking program. Pennsylvania h as also provided inmate health care education programs, and has even offered a healthy heart food line, featuring low fat, high fiber foods for inmates (Abner, 2006). Accordingly, opponents are convinced that these specialized programs will needlessly consume the limited corrections and tax payers monies. Health Care Needs Another important factor to consider with respect to the incarceration of elderly offenders is the cost of health care. In a survey of the U.S. Department of Corrections in all fifty states, twenty-seven of the thirty-one institutions that responded identified medical needs and related factors as the most important or significant variable attributed to the cost of aging inmates (Wheeler, Connelly, Wheeler, 1994). Most states estimate that healthcare for an elderly prisoner costs roughly two to three times that for a younger prisoner. In some states, like North Carolina, the average annual cost of healthcare for prisoners 50 and older is four times higher than the cost for prisoners younger than 50. Moreover, while only 11% of North Carolinas prisoners are age 50 and older, the $25 million it costs the state each year to provide healthcare to these aging prisoners constitutes nearly 30% of the states total correctional healthcare budget (American Civil Liberties Union, 2012). In Flor ida, prisoners age 50 and older accounted for a disproportionate share of all medical contacts. While 11% of the total prison population was in this age range, these prisoners constituted 38% of all medical contacts for hypertension, 44% for diabetes, 21% for asthma, and 36% for general medicine (ACLU, 2012). As inmates age and the number of chronic illnesses increases, so does an individuals chance of needing hospitalization and geriatric care. Health problems such as strokes, Alzheimers disease, and other form of dementia that increase with age (Atchley, 1994). These illnesses even require specially trained personnel and twenty-four hour care, the type of care offered in nursing homes. Opponents believe just a few of the health care-related costs that currently and will continue in the future to face correction officials and society if we demand incarceration of elderly offenders and do not allow for alternative methods of sentencing. Housing Needs As the age of older offenders increases, whether from aging within prison or entering prison at an older age, their physical, social, and health care needs change. Therefore, modifications must be made with respect to the prison itself. Clearly, most prisons that exist today were not constructed or designed with the needs of older offenders in mind (Wheeler, 1999). Prison are going to have to be designed or renovated to provide elderly-friendly environments that will meet the physical, psychological, and social needs of older offenders. In the years to come, many of Japans 74 prisons will end up looking like Onomichi, an aging prison about 400 miles south-west of Tokyo that first started catering to older prisoners 20 years ago. A handrail runs the length of the corridor, and makeshift wheelchair ramps are kept at the entrance to the communal baths. There is a portable mattress on hand in case anyone feels faint, along with a wheelchair and, placed discreetly behind a desk, boxes of incontinence pads (McCurry, 2008). In the U.S., at the same time, specialized houing for elderly inmates appears to be another trend. At least 16 states provide separate housing facility for older prisoners (Abner, 2006). These examples indicate that with the aging population, there is a growing demand for barrier-free or elderly-friendly physical environments. Thus, opponents believe that the scare resources will be consumed. Safe Guarding the Older Offender Housing older inmates with the general prison population can place them in an environment that put their safety in danger. Older offenders are outnumbered and more vulnerable to attack. They are viewed as prey by younger, more aggressive inmates (Wheeler, 1999). According to a 2004 National Intelligence Council report (Abner, 2006), the lack of personal protection for elderly inmates, who may be frail and therefore vulnerable to the threats of assault by younger predatory inmates, contributes to the emotional stress and physical deterioration they routinely experience, especially among those who may be already vulnerable owing to chronic or terminal illness and who have few options for change in their environment. Providing housing that will meet the basic needs of older incarcerated inmates or simply providing for their safety is not cost-effective. Therefore, the opponents argue that alternative methods to incarceration should be considered. Training Staff Currently, corrections staff are trained much as prisons have been designed, with young, violent offenders in mind. Older offenders present an entirely different population, with different needs that require special training (wheeler, 1999). Very often, correctional and healthcare staff lack appropriate training and technical expertise and have not been properly trained to treat age-related illnesses, such as hearing loss, vision problems, arthritis, hypertension, and dementia (ACLU, 2012). Therefore, opponents view it is not cost effective to train future and retrain present prison staff to handle a relatively small percentage of incarcerated older offenders. There are less expensive and more effective ways of dealing with these problems. Argument for incarcerating the elderly offender Elderly Inmates Often Are Violent Offenders Studies of elderly offender have tended to categorize older inmates in a number of different ways, such as first time incarcerated and multiply incarcerated (Soderstrom, 1999). Teller and Howell state that first-time incarcerated offenders generally tend to have current sentences resulting from crimes committed against others, often in a spontaneous fashion, and thus do not view themselves as criminals. Conversely, multiply incarcerated offenders typically are locked up for premeditated crimes and do in fact view themselves as criminals (as cited in Soderstrom, 1999). Even the percent of violent crimes among elderly offenders are rather small. In the US, this age group constitutes 5.5 percent of all those arrested. Approximately fifteen percent of those elders arrested involve serious felonies, including murder, sex offenses, robbery, aggravated assault, burglary, larceny, or drug trafficking (Ronald Jenifer, 2006). Although these percentages are rather small, they do indicate that an identifiable amount of serious crime is being committed by senior citizens, and sometimes these crimes are of a violent nature. Thus, the need to incarcerate some elderly offenders is arguable, given the seriousness of the criminal activity exhibited by at least a proportion of this older criminal subpopulation. Right to Appropriate medical Treatment Already Established The U.S. Supreme Court affirmed the rights of inmates to have their medical needs met in Estelle v. Gamble (1976). In this case, the Court stated that deliberate indifference to the serious medical needs of prisoners constitutes the unnecessary and wanton infliction of pain proscribed by the Eighth Amendment. Kratcoski Pownall advocated that whether economically practical or not, it clearly has been established through case law that correctional systems must provide a vast array of health care services, including medical, dental, nutritional, acute, and long term care (as cited in Soderstorm, 1999). Therefore, this is not about the cost effectiveness but the responsibility to ensure that the human rights of all inmates are protected. Specialized Programming and Treatment Already Exists for Elderly Inmates Correctional systems increasingly appear to be responding appropriately to the specialized needs of older offenders (Soderstorm, 1999). In the US, the Federal Bureau of Prisons led the way in implementing geriatric care units for elderly inmates, particularly with its creation of a medical unit for male inmates. This specialized unit had 57.6 percent inmates in the 51 or older category according to 1986 figures. Since the late 1970s, the Federal Bureau of Prisons has designated correctional goals to implement these ideal geriatric unit components. Typical programs in such a geriatric facility have included stress management, health wise, drug facts, and positive mental attitude (Kratcoki Pownall, 1989). Thus, it seems that whether economically practical or not, the Federal prison system has accepted the inevitable need to provide extended and specialized services to the elderly inmate. Problems with Age-Segregated Facilities There are a number of arguments against the use of age-segregated facilities, which would be the most costly of methods to handle elderly inmates. Because of the small number of geriatiric inmates that would truly be in need of age-segregated conditions of confinement, the creation of geriatric courts ande other types of age-segregation treatment in the criminal justice system would stereotype all elderly offenders as being feeble and incapable of withstanding regular incarceration conditions (Cavan, 1987). Furthermore, considerable evidence suggests that older inmates actually provide a stabilizing effect on the general inmate population (Rubenstein, 1984). In fact, McCleery (1961) described the inmate hierarchy as being based on seniority. It appears the older inmates serve as unofficial sources of information necessary for successful prison adjustment by younger offenders who tend to be unfamiliar with or unprepared for the rigors of prison life. It has even been suggested that older inmates are respected by younger inmates for their accumulated wisdom regarding the workings of daily prison life, which alleged allows them to manipulate the correctional system to their advantages (Wiltz, 1973). Furthermore, Kratcoski and Pownall (1989) pointed out most federal elderly inmates had been previously incarcerated, so they certainly were not naÃÆ'Â ¯ve about prison life. Therefore, not all elderly really require incarcerated into age-segregated or move toward a separate geriatric justice system.

Intellectual Property: The Patents :: Intellectual Property Patent Papers

Intellectual Property: The Patents Introduction While an ethical analysis in intellectual property may not be as interesting as the ethical analysis in human genetics, such as in human cloning, patents are the most relevant in the area of high technology, which is the most important industry in the Silicon Valley and arguably, becoming one of the most powerful engines in the growth of the U.S. economy. In fact, intellectual property, a once very sleepy and very boring subject, is one of the hottest topics of conversations today in the high technology industry. Background The growing importance of patents has fueled the tremendous growth of new patents being issued annually in the past several years and currently accelerating even faster. Many concerns have been raised about new patent ideas such as new business methods and other abstract concepts. Two examples of these business method patents are the â€Å"One-Click† checkout and payment Internet technology patented by Amazon.com, an Internet commerce company, and the â€Å"Reverse Auction† Internet technology patented by Priceline.com, an Internet based travel agent. Many argue that business methods are discoveries and not true inventions. â€Å"We discover what before existed, though to us unknown; we invent what did not exist before.†1 Patents have become one of the greatest competitive assets to ensure the future of the business and as business tools to map trends and convergences, innovates new strategies and capabilities of partners and competitors, and improve all business units in the corporation. Patents have become critical in determining the winners and losers in business competition. Business Issues Patents have also become strategic assets and competitive weapon of enormous value. Patents have become the bargaining chips for companies in negotiations with other companies to gain competitive advantage by gaining access to needed technologies by cross-licensing its patents with partners and competitors. As businesses began to discover, the power of patents can no longer be ignored in business competitions as the importance of new ideas and innovations have overshadowed market position and tangible assets such as real estate and raw materials to achieve competitive goals. Patents have become critical in the business battlefield  ­Ã‚ ­Ã¢â‚¬â€ the â€Å"smart bombs† of tomorrow’s business wars2 — in addition to the traditional sales increase to expand market share. Patents are the tools that every company needs in the business battlefield to capture and defend its market share, stay ahead of the competition, increase revenues, and to be successful in their respective business segments.

Work Measurement

The purpose of work measurement is to determine the time it ought to take to do a job. The problem is in the definition of â€Å"ought to. † Work measurement analyst define this as the time it should take an experienced and well-trained operator to perform the job in a specific and well-defined method at a speed that can be maintained all day, day after day, without undue fatigue. This time, called standard time, can be divided into several parts: the actual elements used to perform the job; the rating factor used to determine the â€Å"normal† pace of these elements (the method used to determine the â€Å"ought to† time); and an allowance for personal time, unavoidable delays, and slowing due to fatigue. There are four main systems of work measurement. First, and most used, is time study, specifically, stop-watch time study. Motion picture and video cameras, computers, and various production timing devices can also be used in the place of, and in conjunction with, the stop watch. The second system, work sampling, is a statistical procedure for measuring work and requires an understanding of the techniques of statistics and probability. The third system, predetermined time systems (PDT), uses sets of tables of basic motions that have already been â€Å"normalized† by experts. Thus, PDT systems do not require the analyst to â€Å"rate† or â€Å"level† the measurement. Finally, there is the standard data system of work measurement which, strictly speaking, is not a measurement technique at all. Here similar elements made up of similar groups of motions from the other measurement systems are tabled and then reused as needed for subsequent products and standards. USES OF WORK MEASUREMENT Work measurement is used to determine standards against which comparisons can be made for a variety of purposes. 1. Wage incentives. If workers are to be paid in accordance with the amount of work accomplished rather than the amount of time expended (hourly), some means of determining an acceptable, or fair, amount of work is needed. The payment for work accomplished could be based on sales price and profits, but a fairer method is to establish a standard and pay in accordance to that standard. 2. Schedules. In order to schedule work effectively and keep things running smoothly and orderly, a knowledge of expected working times is an absolute necessity. Budgets. Budgets provide needed control over funds. One of their more important inputs is operating costs. Standards provide the expected operating times from which these costs are computed. 4. Labor cost control. Labor cost is usually a very significant percentage of the total manufacturing cost (normally from 10 to 40 percent). To control these costs, the actual costs must be compared to a standard and any deviation corrected, especially if the actual is greater than the standard. . Downtime studies. Properly developed standards include reasonable allowances (extra time) for personal time, unavoidable delays, and fatigue. Both time study and work sampling can be used to determine these allowances. They can also be used on a continuing basis (daily or weekly) to measure actual downtime and personal time when definitive production records are not kept and standards are not used.

Detente – Was it successful?

However, the term D ©tenet simply means a loosening of tensions, which did happen ND therefore is it correct to say that it failed? D ©tenet certainly backed away from more incidents like the Cuban Missile Crisis happening once again, and cooperation increased between the powers significantly, therefore to a fairly large extent I don't agree that D ©tenet was a failure. The policy was often viewed as ‘soft' and it was criticized by many Americans because the aggressive Soviet Expansionism continued.On the other hand though, expansionism doesn't signify any failure, because D ©tenet was not a tool to stop communism from spreading like containment was, but a policy to reduce tensions, or this reason Soviet Expansion can't be seen as a factor for the failure' of D ©tenet to any extent. It was also viewed as a failure because not all of the policies worked, for instance the Helsinki Agreement of 1975 was an agreement based around human rights, it was completely dismissed by the USSR, who viewed it as a ‘scrap of paper and as a country they continued to suppress people.Moreover, other agreements had faults too, such as SALT 1 which failed to put caps on new advances of weapons and which only lasted for five years. To some extent these policies can be seen to have failed, yet despite these downfalls, as a whole we cannot view D ©tenet as a failure because there were positives to the policies, such as Increased communication which In turn reduced tensions – the alma of D ©tenet. Other people viewed D ©tenet as a failure because The Cold War continued afterwards; they wanted D ©tenet to end the war completely.Following the period of D ©tenet, the appointment of Ronald Reagan as president of America led to a period of the ‘Neo-cons', a group of people that hated communism and wanted to eliminate t. For this reason, the Cold War fired up again, and some people believe that because of this, the policy of D ©tenet was a failur e; however to a large extent this is untrue, because D ©tenet was never a promise to end the Cold War, and both the Americans and the Soviets were aware that it was not the end. D ©tenet was a promise to reduce tensions, which It did successfully to a great extent.On the other hand, when reviewing D ©tenet overall In relation to Its aim, It was incredibly successful. The policy of D ©tenet aimed to reduce tensions between the Missile Crisis, which put into perspective how easily the countries could destroy each other; MAD, mutually assured destruction was the name given to this realization. In terms of mutually assured destruction, d ©tenet was a positive thing; it increased communications for example through the use of the hotlist set up and these steps avoided further crisis.For this reason, D ©tenet was to no extent a failure. In addition, D ©tenet had other successes for both America and The Soviet Union. America were able to use D ©tenet as a tool to get out of Vietnam, which was positive n terms of its international relationships. Moreover, D ©tenet stopped the Soviet Union from feeling isolated by the relationship built up by China and America, which was positive because this in turn reduced tensions and increased communications – the overall aim.Finally, D ©tenet improved the economic situation in both America and The USSR after the arms race had taken it's toll, this was done by an increase in trade and technology across the iron curtain. All these factors were positive and the loosened tensions between the superpowers, therefore D ©tenet was without a doubt success in achieving its aim. In conclusion, it's obvious that D ©tenet did have many downfalls and for this reason many people instantly conclude that it was a failure.On the other hand, to a large extent D ©tenet achieved its purpose because many policies reduced the tension that was present. D ©tenet should not be seen to have failed due to the fact that the C old War continued, because that was not the intention of the policy. Overall, it's evident that d ©tenet was only a failure to a marginal extent because of the downfall of some of the agreements, yet to a significant extent, D ©tenet was a success.