The Indian Economy Essay Example | Topics and Well Written Essays - 2000 words

The Indian Economy - Essay Example India was stood up to with the most exceedingly awful conceivable food catastrophes in 1943 during the British standard. Food creation was given a low need by the British as an outcome of the madness which created during the World War II. The presence of intense food deficiency proceeded significantly after the British left India. Consequently food security became on the issues of central significance on India’s plan. This prompted the Green Revolution and the development of different other administrative measures for guaranteeing that the Indian specialists could never again store nourishment for making benefits (Teacher web, â€Å"Why Green Revolution?†). The period somewhere in the range of 1967 and 1978 has been alluded to as the time of Green Revolution. This essential point was simply the accomplishment of food adequacy. It was a time of effective horticultural trials in India. Proposition Statement India had broadly been known as an agro-based economy which takes into account the rural needs of its own nationals as well as of outside countries also. The atmosphere and other environmental elements in India had been helpful for an assortment of horticultural creation despite the fact that a defenseless one. During the post freedom time, India chose to put a more prominent accentuation upon its farming portion where it had just delighted in an edge. The segment acted in an estimable manner during the initial five-year plan stage however offered up to climatic inconsistencies 1950 onwards. The country around then had been in a pitiable state lacking plentiful food saves just as assets to import a rich gracefully of the equivalent. Henceforth, there had been little choices left for the national government however to make sense of a lasting method of the equivalent. It chose to adjust the rural condition of the country through mechanical improvements which could continue the nation’s enormous populace base as well as produce enough surplus es for trade supplies. This prompted a development called Green Revolution which was described by planting of high yielding assortment

Geoffrey Chaucer (1340-1400)- English Literature Essay (100 Level Course)

Geoffrey Chaucer (1340-1400)- English Literature Essay (100 Level Course) Free Online Research Papers Geoffrey Chaucer (1340-1400)- English Literature Essay (100 Level Course) Chaucer was conceived in London, likely around 1340. The child of a wealthy wine shipper, he had the chance of coming into contact with the new trader class. In 1357 he entered the family unit of the Duke of Clarence’s spouse, accordingly coming to move in Court hovers too. At nineteen years old he partook in the Hundred Years’ War, was per haps taken prisoner by the French and afterward emancipated by King Edward III. Back in England, he came back to support at Court. He was frequently sent to another country on conciliatory missions and furthermore visited Italy, where he presumably met Petrarch and Boccaccio and read some Dante. He sat in Parliament as the agent of Kent. The many good and bad times of his life never kept him from composing. He passed on in 1400 and was the main artist to be covered in Poets’ Corner in Westminster Abbey. Chaucer’s artistic creation is normally isolated into three periods: (in impersonation of the French) Le Roman de la Rose, an incomplete interpretation of the French symbolic sonnet by Guillaume de Lorris and Jean de Meung. The Book of the Duchess, a symbolic mourn on the demise of John of Gaunt’s first spouse. (generally under Italian and Latin impact) Troilus and Criseyde, from Boccaccio’s Filostrato. - The House of Fame, for which he was incompletely obligated to Dante and Ovid. The Legend of Good Women, made up of a metaphorical preamble and nine accounts of ladies, for which he was obliged to Ovid’s Hero ides. - The Parliament of Fowls, wealthy in comic soul. (likewise called the English Period) The Canterbury Tales, albeit a portion of the stories later brought into the work had been composed before. Chaucer was unquestionably the correct man at the ideal time. His contacts at Court, his political missions abroad, his continuous excursions all through England, just as his involvement with the recently shaped Parliament allowed him the chance to meet numerous sorts of individuals: nobles, churchmen, shippers, understudies, ordinary people, each having a place with an exact social class or calling. With respect to Eng land itself, it had at long last formed into an assembled, fearless and profoundly devoted country. At the point when he understood that his nation was prepared for its very own writing, he chose to compose a work in English (in other words Middle English), which could be comprehended by anyone, educated or unlettered, who read or heard it.1 His underlying thought was absolutely to compose an assortment of stories, as the title recommends. Composing stories, in any case, was stylish at that point, particularly after the French and Italian models which thought back thus to antiquated Greece and Rome. Yet, Chaucer likely had another reason as a top priority: he needed to give his kinsmen a snare that would be a genuine reflection of England and in which they could truly perceive themselves. So when he started his perfect work of art (most likely in 1387) he turned for motivation to the numerous individuals he had met during his life and whose pictures he had put away in his memory for a considerable length of time. He by and by required a structure in which to embed them, and again he went to his European culture for help. He presumably recalled Boccaccio’s Decameron, and discovered here the possibility of a get-together as an appearance for uniting different individuals. This occasion, notwithstanding, was to be commonly English, so he believed that the conventional yearly journey to Canterbury would unquestionably be the best setting for his characters. He along these lines envisioned that, one April day in the Tabard Inn at Southwark in London, twenty-nine pioneers met before setting out on a journey to the altar of St. Thomas Becket at Canterbury. The host of the Inn, Harry Bailly, offered his administrations as guide and proposed that every pioneer should recount to two stories while in transit to Canterbury and two in transit back. Chaucer himself was welcome to join the organization, as we gain from the initial lines of the sonnet. Research Papers on Geoffrey Chaucer (1340-1400)- English Literature Essay (100 Level Course)Quebec and CanadaThe Masque of the Red Death Room meaningsAssess the significance of Nationalism 1815-1850 Europe19 Century Society: A Deeply Divided EraMind TravelStandardized TestingAppeasement Policy Towards the Outbreak of World War 2The Fifth HorsemanPersonal Experience with Teen PregnancyInfluences of Socio-Economic Status of Married Males

Creating Effective Essays With Epitaph Essay Topics

Creating Effective Essays With Epitaph Essay TopicsThere are a number of essay topics that are popular with students who are looking for topics in the Twilight series. Writing a Twilight-themed essay is just one way to enhance your grade. Other ways include using specific Twilight characters, themes or concepts, as well as popular characters in other books and movies.To write a Twilight-themed essay, start by searching for essays that contain elements from the book on your desired topic. You can find these topics through a variety of online search engines. Most essay search engines provide a keyword tool. Use this tool to help you pinpoint the type of essay you are looking for.Once you have identified the type of essay you want to write, it is time to move on to choosing a popular character. This may be easier said than done, especially if you do not know the specific character name. However, if you can find the name of the character, the most popular character or an actor who portra ys the character, it is likely that you will be able to find several options for that topic.One of the best ways to select a topic in a Twilight-themed essay is to choose a character from the same genre as your essay topic. For example, if you are writing a history essay, you might want to focus on Edward Cullen. The easiest way to find a character that is similar to your topic is to use the word 'Twilight' and then see what comes up.The next step is to consider your subject matter and make a list of characters that are related to your topic. For example, if you are writing about Edward Cullen's character traits, you could use Bella or Edward as examples. Each character can provide you with different opportunities for your essay topic. Choose the one that is most similar to your topic and that will give you the greatest advantage when writing your essay.If you cannot find a character that closely resembles your essay topic, look for something that is unique or different from the oth er characters in the Twilight series. For example, Edward Cullen and Jacob Black may not be similar. Therefore, you would want to choose something that is different from any of the others.If you are stuck for options when it comes to choosing a topic in a Twilight-themed essay, you may want to consider incorporating themes or specific elements into your essay. This way, you will be sure to include some sort of reference to the popular books and movies. You can use these themes to enhance your written theme.To help you write a more effective essay on these topics, consider including both topics and themes into your essays. Even if you cannot find specific characters, you can still use themes or ideas from the books and movies. You can also add specific elements of the Twilight series into your essays so that they are more similar to your topic.

9/11 Essay on law - 1587 Words

The events surrounding the September 11 attacks on the United States of America have often been shrouded in a cloud of controversy and mystery, with no one individual seemingly able to apprehend the â€Å"true† details of the terror attack. Many proposed theories have been brought forth, the most widely accepted being that of co-ordinated attacks by terrorist organisation â€Å"Al-Qaeda†. â€Å"9/11†, as the event is commonly known, is simply one of many global terrorism attacks that have seemingly consumed the contemporary world. Thus, it is up to the acts and responsibilities of governments and legal organisations to undertake action in attempt to achieve justice and equality throughout the world, ensuring the safety of all people. Although, it is†¦show more content†¦At a similar time, Prime Minister of Australia, John Howard, invoked the IV Article of the ANZUS treaty, as he was currently in Washington D.C at the time of the assault. The United Natio ns Security Council Resolution 1368 in fact also condemned the attacks, and displayed the readiness to take action against the assault on the United States. The United States of America experienced the greatest, and arguably the most significant, restructure of both governmental and legal proportions in its contemporary history. Following the suddenness of the attacks, the United States was desperate to ensure that an onslaught of a similar stature was subdued. Henceforth, the Homeland Security Act of 2002 was established, bringing into existence the Department of Homeland Security (DHS), a department specifically concerned with internal issues faced by the USA. Primarily made as a direct response to the 9/11 attacks, the role of the DHS is to protect the United States of America and its given states and territories from danger; specifically, terrorist attacks, man-made accidents, and natural disasters; this is commonly seen in airports in the form of Customs and Border Control which are two functions of the DHS, following its subsequent take over of the IHS (Immigration and Naturalisation Services) in 2003. In the same movement for secu rity, the *USA PATRIOT Act of 2001 was legislated in an attempt to â€Å"detect and prosecute terrorism and other crimes†Show MoreRelatedPost 9/11 Law Enforcement Response to Terrorism Essay3265 Words   |  14 PagesCompare and contrast the pre and post 9/11 law enforcement response to terrorism. What strategies could be implemented to increase future law enforcement capability in countering terrorism? â€Å"We’re in a new world. We’re in a world in which the possibility of terrorism, married up with technology, could make us very, very sorry that we didn’t act.† (Rice, 2002). Law enforcement response to counter-terrorism fundamentally changed as a result of the unprecedented events of September 11th 2001 inRead MoreAnalysis Of David Rapoport s Theory Of The Waves Of Terrorism1744 Words   |  7 PagesWhat is the significance of 9/11? This essay will argue that the events of 9/11 and the Bush led war on terror that followed, are extremely significant as they have created a new pattern for the understanding of world politics. Within this new pattern, the twenty-first century has experienced a divide between western powers and their allies, and some Middle-Eastern states. The events of 9/11 directly threatened the U.S. supremacy, marking the first significant terrorist attack on U.S. soil. As wellRead MoreThe U.s. Military Response985 Words   |  4 PagesThe U.S. military response to the terrorist attacks on September 11, 2001 signifies the most extensive use of force by any state since the Persian Gulf War more than two decades ago. Following these operations, many commentators have suggested that there has been a notable transformation in international law regarding state responsibility for terrorist acts. This essay aims to argue that such change has been significant and it has satisfactorily countenanced state s’ response to terrorism by presentingRead MoreSymbolic Speech : Freedom Of Speech1320 Words   |  6 Pages Freedom of Speech: To Kneel or Not to Kneel? Symbolic Speech: Whether tis Nobler to Ignore the First Amendment Introduction The inspiration for my topic came from our first assignment, the MTU Constitutional Essay Contest, and the NFL kneeling/National Anthem controversy. The extent of the public outcry and the divisiveness it has caused baffles. Kneeling during the playing of The National Anthem at widely viewed sporting events seems like a perfect and peaceful way to bring attentionRead Morehappy and prosperous india976 Words   |  4 PagesCity level Winners of the first Tamil edition of Tata Building India - School Essay Competition from 4 cities felicitated in Chennai †¢ Around 1.30 lakh Students from 137 schools participated in the 2009-10 Tamil edition of Tata Building India School Essay Competition from 4 cities in Tamilnadu (Chennai, Kanchipuram, Coimbatore and Vellore). †¢ The Tamil edition of the competition was held for the first time in 2009-10 in 12 cities across Tamilnadu where around 3.25 lakh students fromRead MoreBrianna Sparks. Mr. Zingale, Mr. Lehman. Us History, Language1685 Words   |  7 PagesExecutive Order 13796 affects herself and her family (Lewin). Our Founding Fathers established the Constitution, in addition with the amendments, to form and build the roles of our government along with the rights that citizens have. At times, federal laws and policies are debated by not only politicians, but also by Americans; their opinions are based on how they interpret these documents. Trump’s Executive Order 13769 is unconstitutional because the order selected the ban on Syria and the majorityRead MoreAdministrator Challenges Essay1182 Words   |  5 PagesAdministrator Challenges essay Kevin Jackson CJA/454 March 16, 2016 Professor: Charles Davis Administrator Challenges essay In this essay, I will discuss the functional role of the criminal justice administration in the police department. I will also describe what I consider being the major issues and satisfactions of that particular role. Finally, I will discuss if this course helped prepare me? If not, what might improve the course? To understand and comprehend what a criminal justiceRead MoreTerrorism and Moral Panic in America Essay1650 Words   |  7 PagesThere have been a number of moral panics which have captivated society in terror and more often than not, owing to unfamiliarity. This essay will discuss the perception of a moral panic and will look at the case of the September 11th Terrorist attack against the United States of America, which triggered a colossal conflict of morality within modern day society. This essay will also analyse terrorism as a perceived deviance, the role of the moral entrepreneur and folk devil, in order to develop a levelRead More How a Bill Becomes Law Essay1153 Words   |  5 Pageshow bills become law in the United States. The procedure is operose and can take significant time to complete. The course materials of week three offer more than enough information on how the procedure works. This essay will, mainly, use the course materials to describe the process of how a bi ll becomes a law. The process of transforming a bill into a law requires the participation of both the Legislative branch and Executive branch of government. Before there is a law, there is a bill –Read MoreBanking Course Outline1060 Words   |  5 PagesCarleton University Course Outline COURSE: TERM : PREREQUISITES: CLASS: Day Time: Room: LAWS 3206 A – Banking Law Fall 2010 Department of Law LAWS 2003 [1.0] (no longer offered) or LAWS 2202 or BUSI 2601 Fridays - 11:35 am - 2:25 pm Please check with Carleton Central for current room location Sam Schwisberg INSTRUCTOR: (CONTRACT) CONTACT: Office: Office Hrs: Telephone: Email: Loeb C476 Fridays immediately following class as needed 613-740-1965 samuel.schwisberg@redcross.ca Students

I Chose The Field Of Student Affairs - 2207 Words

Author Robert Fritz once said, â€Å"Too many young people are being taught to give up their dreams before they have any experience attempting to pursue them.† I chose the field of Student Affairs because I wanted to make a difference in the lives of students, especially in a transformative time such as college. Through my undergraduate experience, I have seen former students become Resident Assistants, Orientation Leaders, Campus Justices, Emerging Leaders, Peer Leaders and more, where their influence will ripple to engage other future student leaders. Knowing that I am able to assist students in pursuing their dreams gives me confidence that they will give back to another avenue. My journey began in May of 2013 when Western Kentucky†¦show more content†¦At SACSA I present a poster session with my colleague, Ginny Durakovich. This poster session addressed the current issues of gender nonconforming students in a traditional college setting. Using Strange and Bannerâ⠂¬â„¢s Campus Ecology Theory, we identified key issues in the physical, aggregate, organizational, and constructed environments. Audience members were presented with possible solutions, and had the opportunity to share their experience in assisting students across the gender spectrum. The rationale for â€Å"Going Beyond the Binary† was to provide further support for students who do not fit into gender roles. These students often face difficulties in developing their gender and sexual identity due to the gender binary. This presentation prepared our peers, colleagues, and students to better assist all students in their development. I also had the opportunity to be in the case study with a randomly assigned partner. We did not place in the study, but we provided a solid foundation for our answer and I am confident if I was

America s Minimum Wage At Arizona s Current $ 8.05 Per...

â€Å"A yes vote on Proposition 206, also called the Healthy Working Families Initiative, would increase the minimum wage from Arizona’s current $8.05 per hour to $10 per hour by 2017 and eventually to $12 per hour by 2020† (Rau). While the first part of Prop. 206 seems to be getting more attention in the media and form the business community, the second part will trigger the most disruptive changes for Arizona employers, especially small employers. Recent polling indicates that nearly 60 percent of likely voters will vote â€Å"yes† on Prop 206 (â€Å"Arizona†). With those odds, Arizona employers need to become familiar with these changes and prepare accordingly. In November, Arizona voters approved Proposition 206, which increase Arizona’s minimum wage to $10 per hour. The new Proposition 206, requires employers to offer paid sick time. Arizona, adjusts the minimum wage annually based on inflation. Meaning, the employees can set their own paid-sic k-leave policy. Non-Discrimination and Non-Retaliation, proposition 206 prohibits employers from discriminating or retaliation against employees who exercise their rights under Arizona’s wage laws (â€Å"Publications†). Labor supply and the effects of rising unemployment are considered when establishing minimum wage. Arizona, is southwestern U.S. state, is known for the Grand Canyon. In Arizona, the minimum wage changes every January 1st it is based on the Consumer Price Index. Consumer Price Index is a variation in prices paid by consumers forShow MoreRelatedMinimum Wage Should Be Legal1307 Words   |  6 Pagesconcept of minimum wage has been a huge issue among Americans and has really become a large discussion point among a lot of the political debates as well as the Internet recently. According to the United States Department of Labor, â€Å"The federal minimum wage is $7.25 per hour effective July 24, 2009. Many states also have minimum wage laws. Some state laws provide greater employee protections; employers must comply with both†. Regardless of the constant debates that occur on whether or not minimum wageRead MoreSouthwest Airline Strategic Audit11701 Words   |  47 PagesAudit Prepared By : Hesham Gamal El Din El Desouky Mohamed Dandash Wael Youssef Professor : Dr. Saneya El Galaly Group : 21-A Table Of Contents I. Executive Summary 5 II. SouthWest Airlines History 6 III. Current Situation 8 III.1. Current Performance 8 III.2. Strategic Posture 13 III.2.1. Mission Vision 13 III.2.2. Objectives 14 III.2.3. Strategies 15 IV. Corporate governance 19 IV.1. Board of Directors 19 IV.2. Top Management 21 IV.3. Corporate GovernanceRead MoreSouthwest Airline Strategic Audit11690 Words   |  47 PagesAirline Strategic Audit Prepared By : Hesham Gamal El Din El Desouky Mohamed Dandash Wael Youssef Professor : Dr. Saneya El Galaly Group : 21-A Table Of Contents I. Executive Summary 5 II. SouthWest Airlines History 6 III. Current Situation 8 III.1. Current Performance 8 III.2. Strategic Posture 13 III.2.1. Mission Vision 13 III.2.2. Objectives 14 III.2.3. Strategies 15 IV. Corporate governance 19 IV.1. Board of Directors 19 IV.2. Top Management 21 IV.3. Corporate Governance GuidelinesRead MoreQuality Improvement328284 Words   |  1314 PagesI Sixth Edition ntroduction to Statistical Quality Control DOUGLAS C. MONTGOMERY Arizona State University John Wiley Sons, Inc. Executive Publisher: Don Fowley Associate Publisher: Daniel Sayer Acquisitions Editor: Jennifer Welter Marketing Manager: Christopher Ruel Production Manager: Dorothy Sinclair Production Editor: Sandra Dumas Senior Designer: Kevin Murphy New Media Editor: Lauren Sapira Editorial Assistant: Mark Owens Production Management Services: Elm Street PublishingRead More_x000C_Introduction to Statistics and Data Analysis355457 Words   |  1422 Pagespermission to use material from this text or product, submit a request online at http://www.thomsonrights.com. Any additional questions about permissions can be submitted by e-mail to thomsonrights@thomson.com. Printed in the United States of America 1 2 3 4 5 6 7 11 10 09 08 07 ExamView  ® and ExamView Pro  ® are registered trademarks of FSCreations, Inc. Windows is a registered trademark of the Microsoft Corporation used herein under license. Macintosh and Power Macintosh are registered trademarks

Looking at Eyewitness TEstimony Essay Example For Students

Looking at Eyewitness TEstimony Essay Assignment #2Article #17Looking Askance at Eyewitness TestimonyThe use of eyewitnesses has been a constant in of criminal justice system since its very beginning. Unfortunately, people do not make the best witnesses to a crime. The person may not have seen the actual criminal, but someone that looks similar to them. The witness may lie about what he or she may have scene. Also the witness can be influenced by the police as to who or what they saw at the time of the crime. The witness or victims memory of the person may have faded so that they dont remember exactly what had seen, which could be disastrous for the accused. With all these possible flaws in the testimony of witnesses and victims why do they continue to use them as primary evidence in criminal cases? The answer is simple; until recently there was no other way to prove whether or not a person was actually at the scene of a crime unless someone saw them or they left some finger prints behind that the police were able to lin k back to someone, which may have not been left on the victim but in the general vicinity. Until recently, with the recent breakthrough in DNA testing which allows police and investigators to gain an exact match as to who committed the crime. I personally feel that this is a much more reliable and accurate than relying on the testimony of witnesses. I believe through the use of science we as a society can now make sure that the guilty are caught and punished while the innocent are protected from wrongful prosecution. However the eyewitness should not be completely left out of the case against the possible offender. After it is determined through scientific evidence, in this case DNA, that the physically involved in the crime then witnesses can be brought in to give testimony that the offender was present at the crime scene or the victim can be sure that the accused was truly the one involved in the actual crime. Also the procedures for recording eyewitnesses testimony have to be revised. This can be done by increasing the speed at which the statements are taken by the police as to prevent there fading from the memories of the witness. Also police do have to watch that they dont influence the witness by making comments to them to favor one suspect over another. Overall I believe that a combination of witnesses and science must be used to fully determine a persons guilt or innocence in the eyes of the law.

The Internet Essays (2083 words) - Cybercrime, Cyberwarfare

The Internet The Internet is, literally, a network of networks. It is made of thousands of interconnected networks spanning the globe. The computers that form the Internet range from huge mainframes in research establishments to humble PCs in people's homes and offices. Despite the recent publicity, the Internet is not a new thing. Its roots lie in a collection of computers that were linked together in the 1970s to form the US Department of Defense's communications systems. Fearing the consequences of nuclear attack, there was no central computer holding vast amounts of data, but instead the information was dispersed across thousands of machines. A protocol known as TCP/IP was developed to allow different devices to work together. The original network has long since been upgraded and expanded and TCP/IP is now an overall standard. The Internet has gone on now to fulfill a great deal more than it's intended purpose and has definitely brought more good than bad. Millions of people worldwide are using the Internet to share information, make new associations and communicate. Individuals and businesses, from students and journalists, to consultants, programmers and corporate giants are all harnessing the power of the Internet. For many businesses the Internet is becoming integral to their operations. Imagine the ability to send and receive data: messages, notes, letters, documents, pictures, video, sound- just about any form of communication, as effortlessly as making a phone call. It is easy to understand why the Internet is rapidly becoming the corporate communications medium. Using the mouse on your computer, the familiar point-and-click functionality gives you access to electronic mail for sending and receiving data, and file transfer for copying files from one computer to another. This flood of information is a beautiful thing and it can only open the minds of society. With the explosion of the World Wide Web, anyone could publish his or h er ideas to the world. Before, in order to be heard one would have to go through publishers who were willing to invest in his ideas to get something put into print. With the advent of the Internet, anyone who has something to say can be heard by the world. By letting everyone speak their mind, this opens up all new ways of thinking to anyone who is willing to listen. A very important disadvantage is that the Internet is addictive. One of the first people to take the phenomenon seriously was Kimberly S. Young, Ph.D., a professor of psychology at the University of Pittsburgh. She takes it so seriously, in fact, that she founded the Center for Online Addiction, an organization that provides consultation for educational institutions, mental health clinics and corporations dealing with Internet misuse problems. Psychologists now recognize Internet Addiction Syndrome (IAS) as a new illness that could ruin hundreds of lives. Internet addicts are people who are reported staying online for six, eight, ten or more hours a day, every day. They use the Internet as a way of escaping problems or relieving distressed moods. Their usage can cause problems in their family, work and social lives. They feel anxious and irritable when offline and craved getting back online. Despite the consequences, they continue using regardless of what their friends and family say . Special help groups have been set up to give out advice and offer links with other addicts. Internets Anonymous and Webaholics are two of the sites offering help, but only through logging onto the Internet. The effects of IAS lead to headaches, lack of concentration and tiredness. Robert Kraut Doctoral Psychologist says referring on the subject: We have evidence that people who are online for long periods of time show negative changes in how much they talk to people in their family and how many friends and acquaintances they say they keep in contact with. They also report small but increased amounts of loneliness, stress and depression. What we do not know is exactly why. Being online takes up time, and it may be taking time away from sleep, social contact or even eating. Our negative results are understandable if people's interactions on the net are not as socially valuable as their other activities. Another considerable drawback of the Internet is that it is susceptible

Research principles and practice of Cloud Computing The WritePass Journal

Research principles and practice of Cloud Computing BACKGROUND OF STUDY Research principles and practice of Cloud Computing BACKGROUND OF STUDY RESEARCH QUESTIONWhat is the difference in performance of different cloud-based DBMS technologies?RESEARCH AIM AND OBJECTIVES LITERATURE REVIEWRESEARCH METHODS, TOOLS AND TECHNIQUESRESEARCH PROCESSConclusionRelated BACKGROUND OF STUDY Cloud computing has become a new trend of advancement in the world of information technology today in which information technology resources are delivered as a service via the internet (Yao et al, 2010). From this, it is assumed that it is the newest internet-based technology. The increasing growth of this new technology coupled with it imminent productivity and benefit has made most organisations turn to the cloud. The reason being that most organisations can now deploy and manage their IT services via a virtual machine in the cloud, this reduces the enormous cost being spent on setting up, managing and maintaining previous local systems and infrastructure. Through adoption, the benefits gained from the use of cloud computing has geared most organisations now not tend not to only move their application services but also their databases. Hogan (2008) said in his published article on ‘Cloud Computing Databases’ that â€Å"Cloud database usage patterns are evolving, and business adoption of these technologies accelerates that evolution†. Also, there is now absolute control over data being migrated from internal IT infrastructure to external cloud. A framework that would enable organisation migration to cloud was proposed by Guo (2010). However, there are bottlenecks such as storage capacity, performance and ease of report generation when data is being moved from local infrastructure to the cloud. There is the issue of capacity when migrating data to the cloud (Stacy, 2009). How do we then know which of these emerging cloud-based database technologies would serve the desired needs and wants of various organisation plann ing to migrate their data to the cloud. It is in view of this, that this research would examine the present adoption state of cloud-based database technologies and their uses, analyse the issues involved in moving data (BSMS) from local infrastructure to different cloud-based DBMS, perform an experiment to differentiate performance prospects of the alternative cloud-based DBMS, present the findings and make recommendations on suitable cloud-based DBMS technology choice based on optimum performance level. RESEARCH QUESTION Considering this age of global technological advancement, the use of cloud-based DBMS has become a more viable option for business and research organisations. Instead of deploying and maintaining internal IT/database infrastructure which is quite expensive, organisations now outsource their IT services including database management to cloud computing service providers on contract basis. The full adoption of cloud computing services is imminent; and the awareness of both business and research organisations to which cloud-based DBMS offers optimum performance is what prompted the research question discussed below. What is the difference in performance of different cloud-based DBMS technologies? The scope of the research will be limited to testing the performance of three (3) widely adopted cloud-based DBMS technologies using BSMS data source as case study. Cloud-based DBMS technologies such as SimpleDB, Database.com and OracleCloud would be taken into consideration and performance analysis would be carried out on them. RESEARCH AIM AND OBJECTIVES The aim of this project research is to carry out performance investigation and through that means offer credible performance information on the selected cloud-based DBMS technologies. This would stand as a pedagogical material for both business and research organisation in the business of migrating to the newly emerged technology of cloud computing. The under listed objectives would serve as an aid to achieving this sole aim. To investigate what cloud-based DBMS is and its adoption: The will help to shed more lights on what cloud-based DBMS is and its present stage of adoption. To investigate how databases are being used in the cloud for business and research purposes: This is to enable all stakeholders especially business oriented organisations to be aware of how databases are being used in the cloud and probably there might be some specific functionality that will help enhance their business or research goals. To analyse the issues involved in moving data (BSMS) from local infrastructure to different cloud-based DBMS technologies: An analysis of issues involved in moving data from local system to the cloud would be carried out. Issues such as capacity, compatibility and so on would be accessed here. The BSMS data would be used as a case study in analysing this migration issues. To carry out an experiment to differentiate the performance of the different cloud-based DBMS technologies: A scientific experiment would be carried out to test the performance of two or three cloud-based DBMS technologies. The experiment would be based on testing certain performance criteria such as indexing, fast data query, report generation and so on. To present the findings and make recommendations on suitable cloud-based DBMS technology choice based on optimum performance level: The findings from the scientific experiment would be used to draw out possible conclusions and necessary recommendations that would enlighten all stakeholders opting for a move to cloud-based database technology on the best choice of such system based on their performance. LITERATURE REVIEW RESEARCH METHODS, TOOLS AND TECHNIQUES This research would be delivered using a deductive approach which is also known as top down approach. This approach offers a deductive reasoning from a general point of view to a more specific one. Considering the fact that the research would be a performance comparison between different technologies, then it is suitable. Koen et al (2005) says â€Å"it applies a theoretical, actor decision framework to derive relations deductively using detailed field data†. It uses a water fall model design of deriving a premise from an observation. A hypothesis in form of a research question would be derived, an experimental design inform of an observation would be used to analyse the data and the specified conclusion would be drawn from the findings. Therefore, the proposed research will be conducted within a framework of cross-sectional research design and methodology. This research would be in form of a scientific experiment because a survey based analysis would be inadequate to test the performance of the different cloud-based DBMS technologies. The experiment would be carried out using the Scientific Method in order to obtain precise and accurate conclusions from the hypothesis and observation drawn. Considering the research question, an experiment which serves as a quantitative method of gathering data would be most appropriate to generate premises and findings that could be analysed to draw conclusions and recommendations to answering the research question.   Although, it is a time consuming method but it is relevant to achieving the stated objectives of the proposed research. Three cloud-based DBMS technologies namely SimpleDB, Database.com and OracleCloud are would serve as the specimen in conducting this research experiment. A scientific method would be employed in order to derive a hypothesis to give a clear description about the performance of each cloud-based DBMS. There are other types of experiment methods such as the Pseudoscientific Method that can be used in carrying out an experiment. In this research, the chosen method will be a scientific method which is more appropriate because it is the most productive and suitable for analysing the samples specimen selected for the research. It is more reliable, consistent and non-arbitrary for the representation of a real world scenario than the Pseudoscientific Method. â€Å"The Scientific Method helps to organize thoughts and procedures  so that scientists can be confident in the answers they find† (Science Made Simple,  2009). Alternatively, a quantitative approach in form of a self administered questionnaire could also be used to collect primary data. This research method is cheap, quick and very easy to administer compared to other methods. (Bryman, 2008) The quantitative questionnaire will collect information on the respondent demographic characteristics such as the age, gender, area of study, level of study, job responsibilities, and work experience. In addition, their opinion on cloud-based DBMS computing in terms of perception and adoption will be collected. However, this form of quantitative approach would not be sufficient in determining the performance of this existing technology as this is the sole aim of this research. This is due to that fact that, this emerging technology has not being fully implemented by most organisations. As recommendation for future work, self administered questionnaire could also be used to collect primary data on individuals and organisational opinion for adopting a clo ud-based DBMS technology. Relevant existing literature such as books, journals, articles, newspapers magazine and other acceptable and reliable sources will also be used to generate secondary data. These secondary data would serve as a basis of literature review and evaluation of cloud-based DBMS technology. RESEARCH PROCESS As stated earlier on, the research would be carried out using a scientific experimental method to gather required information. A dummy data source would be used to perform the experiment. The BSMS data would be used in studying and analysing the performance of these different cloud-based DBMS. The BSMS data would be moved into the different cloud-based systems. Series of performance test would be carried out on each of them as a standalone and a comparison analysis would follow using some criteria such as indexing, fast retrieval of data, report generation. Furthermore, the method of analysing the data collected from the experiment would be microanalysis as proposed by Strauss et al (1990).The process of microanalysis involves that the data collected will be coded into probable emergent themes which will be based on personal judgement and supported by relevant evidences. When a new data is been collected, the same method of microanalysis by coding is applied, these new codes will then be compared with the previous codes. This process is known as ‘constant comparison’ which is done when a new data is collected, it continues until no new insights can be obtained from the collected data. Consequently high level factors and inter-relationship will be abstracted, thus premises can be derived based on these factors. Conclusion The issue of ethics would be duly considered in the course of this research. Some necessary factors such as experimental condition, subjective interpretation of data and proper derivation of a unified conclusion would be taken into consideration. Other issues such as control experiment, data protection and copyright would be considered adequately. All the laws of confidentiality and data protection would be duly complied with during the process of this research.

Operations Decision - Determine the market structure in which the Term Paper

Operations Decision - Determine the market structure in which the low-calorie food company operates - Term Paper Example More so, the Company intends to sell its products at a fair market, targeting individuals from all socio-economic background. The Company is different from its competitors because it sells low calorie foods that are very tasty and look good. More so, most individuals focus on healthy foods, this in return makes the Company outshine its competitors who sell high calorie foods. The Company has planned to expand its clientele by opening up other branches in nations such as United States, France and Spain in the next 3 to 4 years. Most individuals in the United Kingdom are concerned about their health, thus prefer low calorie food. Therefore the Company has an added advantage over its main competitors who mainly sell high calorie food such as Mac fries and KFC. The product is consumed by individuals from all socio- cultural background, and most buyers range from ages 20 and 55. In addition, women are the ones who mostly purchase the products, thus the Company highly concentrate on the female population (The Times 100, 2014). These are external and internal factors that may affect the marketing opportunities of the Company. SWOT analysis identifies the strengths, weaknesses, opportunities and threats, which are essential in determining actions or aspects that are necessary for the marketing plan. The Company strives to make simple and good food in a more sustainable way and at the same time meet its business goals. In order to achieve the above stated aspect, the Company ensures that it is able to balance the four major elements of the marketing mix. A service or a product will incorporate a distinct marketing mix. More so, the right mix will result to the achievement of the stated goal, which may bring about customer satisfaction. Marketing mix constitutes of four P’s, which include; price, product, promotion and place. In this case, the Company’s product ought to taste and look good

The Sale of Goods Act Essay Example | Topics and Well Written Essays - 1000 words

The Sale of Goods Act - Essay Example The other important element in such sales is reliance. The buyer must have relied on the description of the goods. In the absence of reliance on the description, the latter does not constitute an important term of the contract (Magrath, 1989). As such, there should be a reasonable understanding among the parties that the buyer will rely on the description of the goods. In Harlingdon & Leinster Enter. Ltd. v. Christopher Hull Fine Art Ltd the court held that the description of the goods constitutes an essential feature of the goods sold. Quality and suitability of the goods sold are implied terms in the contract of sale by description or sample. Implied terms render the seller of the goods liable if these goods do not conform to their description. If the contract does not incorporate a term of description, then the buyer has to establish that he had relied on the fraudulent inducement of the seller. The Court of Appeal dismissed the claim of the buyer against the seller for damages (Harlingdon and Leinster Enterprises Ltd v Christopher Hull Fine Art Ltd, 1990). Furthermore, in Birch v Paramount Estates, the defendants provided some information regarding the quality of the house. The buyer relied on this statement, and the court held that this statement was a term of the contract (Birch v Paramount Estates, 1956). In the Dick Bentley case, it was held by the Court of Appeal that mileage was a term of the contract. Moreover, a car dealer was in a better position than the customer in assessing the mileage shown by the odometer; hence, the car dealer was held liable. In our problem, even though Dusko had inspected the kitten, he had to rely on the description made by the seller. Since the kitten was not in conformity with its description, the seller is liable under the provisions of section 13(1).

Political and Economic System Essay Example for Free

Political and Economic System Essay Spain’s political system is parliamentary monarchy. Spain has many different political and economic issues that can impact the society. Most of these issues can be deal by the government. Sometimes other countries can be compare and contract its political and economic issues to other countries. Political System Spain’s government is parliamentary monarchy. The most important task of the constitution was to devolve power to the regions, which were given their own governments, regional assemblies and supreme legal authorities. The central government retains exclusive responsibility for foreign affairs, external trade, defense, justice, law (criminal, commercial and labour), merchant shipping and civil aviation. Spain has been a member of the United Nations (UN) since 1955, the North Atlantic Treaty Organization (NATO) since 1982 and the European Union (EU) since 1986, and is also a permanent observer member of the Organization of American States (OAS). Spain has three branches of government which includes the executive branch, the legislative branch and the judicial branch. The Senate has 259 members, directly elected by a first-past-the-post system. Each province provides four members plus additional members in the Balearic and Canary islands, where extra members represent the various islands, making a total of 208 members. The 17 autonomous regions also elect one senator each and an additional member for every million inhabitants, totaling a further 51 members. The Senate has the power to amend or veto legislation initiated by Congress. Under Spanish law, the official result of a general election is made public five days after the vote, in order to allow sufficient time for recounts and disputed results. After the members have been sworn in, the King of Spain meets with the party leaders and asks one of them to form a government, which must then be ratified by parliament. The leader of the party of government becomes the president of Spain and has his official residence in the Moncloa Palace in Madrid. The role of citizens in Spain is that they have to be born of a Spanish mother or father. A person born in Spain of foreign parents if neither of them has Spanish nationality or if neither of the parents legislations confer a nationality to their children. Spain has many political issues. One political issue is during the last few years has been corruption among public officials, including illegal financing of political parties, tax avoidance, fraud, bribery, trying to keep a place or someone in the residential institution, nepotism, misappropriation of public funds, illegal patronage, influence-peddling and kickbacks. Spain has been described (in the Spanish press) as the most corrupt society among the original 15 members of the EU and corruption permeates political and public life at every level. This problem is affecting the Marbella council on a massive scale, involving tens of millions of euros pocketed by council officials. Economic System Spain’s economy is a well-based way to equally spread money to all of the people. Some of Spain’s natural resources include coal, lignite, iron ore, uranium, mercury, pyrites, fluorspar, gypsum, zinc, lead, tungsten, copper, kaolin; hydroelectric power. Spain’s currency is the European Union euro. Spain’s imports include machinery and equipment, fuels, chemicals, semi-finished goods, foodstuffs, consumer goods, measuring and medical control instruments. In 2011, the amount of money that Spain received for imports was $364. 9 billion. Some of Spain’s exports include machinery, motor vehicles; foodstuffs, pharmaceuticals, medicines, other consumer goods. In 2011, the amount of money that Spain received for exports was $309. 6 billion. The gross domestic per capita is thirty three thousand six hundred euros a year. In labor force 2. 4 percent goes to agriculture, 24 percent to industry, and 71. 1 percent to services. Spain came out in the number one position because it is a sunny country, because its citizens enjoy shorter working hours and more days holiday, because energy and lifestyle costs are lower, because the government invests into education and healthcare, because the average age at which people die is higher than in most of Europe and because overall, living in Spain ensures you have a better quality of life. Spain has many economic issues. One economic issue is that the Spanish banks high exposure to the collapsed domestic construction and real estate market also poses a continued risk for the sector. The government oversaw a restructuring of the savings bank sector in 2010, and provided some $15 billion in capital to various institutions. Investors remain concerned that Madrid may need to bail out more troubled banks. The Bank of Spain, however, is seeking to boost confidence in the financial sector by pressuring banks to come clean about their losses and consolidate into stronger groups. Puerto Rico doesn’t have political and economic issues similar to Spain. One reason Puerto Rico political issue is not similar to Spain because Puerto Ricans do not have representation in the U. S. Senate and no voting representation in Congress. Instead, the 4 million U. S. Citizens of Puerto Rico only have one â€Å"Resident Commissioner† who cannot even vote on the House floor. Therefore, Puerto Ricans have no say in the making of the laws and statutes that apply to them. Even though the U. S. Supreme Court has absolute jurisdiction over Puerto Rico, Puerto Ricans do not have representation in the U. S. Senate to cast an up or down vote on Supreme Court nominees. In the end, Puerto Rico is governed by a Congress in which they are not allowed to participate in, an Executive whom they did not elect, and a Judiciary whose justices they did not confirm. The 4 million U. S. Citizens of Puerto Rico are not allowed to fully participate in the democratic process of their nation. One reason Puerto Rico economic issue is not similar to Spain because recently in Puerto Rico the economy has suffered budget cuts from U. S. The Puerto Rican economy has depended heavily on the tax incentives given to U. S. mainland companies and on federal transfers. Conclusion There were many different things that I learned about Spain’s Political and Economic Systems. One thing that I found interesting was that Spain has the ninth largest economy in the world. Another thing that I found interesting was that Spain was originally a constitutional monarchy but over time became a parliamentary monarchy.

Linda Mcquaigs Shooting The Hippo: Causes And Results Of Debt :: essays research papers fc

Linda McQuaig's Shooting The Hippo: Causes and Results of Debt Linda McQuaig's most recent book, "Shooting the Hippo" is about the causes and results of the debt. It is a look at both the factual causes and the arguments which are merely presented to us through the various elements of the media. McQuaig delivers an insightful overview of the extensive media coverage which has bombarded us over the past few years. "With the excitement of a mystery writer, McQuaig tells the real story behind the debt." . This book explains the history of the deficit myth, and enables people such as myself who are not experienced in these types of problems to get to the heart of the arguments presented so frequently about our financial situation. I found her book an inspiration which will hopefully help us all to devote ourselves to the enormous challenge which we will face in the future. We are responsible to inform and educate ourselves, our friends, our families and neighbours in the difficult days ahead. To explain McQuaig's title I'll briefly describe the beginning of the "mystery." A baby hippo, born in a zoo, is to be shot because of recent government cutbacks which leave nothing to feed or care for the hippo. This image grabs the attention of the reader and leads to numerous other examples which McQuaig uses to break down the popular myths about the deficit. McQuaig, determined to expose one by one, several of the current myths about the state of the Canadian economy, backs up her arguments with interviews and publications. These include: a chief statistician at Statistics Canada who has been working on the statistics of social spending since the middle '60s; the man at Moody's bond rating service in New York who is in charge of setting the credit rating on our federal debt; and noted economists, among others. The book goes on in its investigation as to why the recession in Canada was the worst of the world's most powerful nations. It is noted that if there is a simple way to explain the reason for most of the recession then it will in turn account for most of the increase in the debt. McQuaig also presents a bit of history of banking, monetary systems, and the struggle of the conflicts between the rich minority and the rest of us. All of this is presented in a very readable and interesting manner. McQuaig asks an intriguing question to all of us. Are we prepared to see our social programs sacrificed in order to reduce the deficit?

Weighted Average Cost of Capital and Midland Energy

Executive Summary: Midland Energy Resources, Inc. is a global energy company with a broad array of products and services. The company operates within three different operations including oil and gas exploration and production (E&P), refining and marketing (R&M), and petrochemicals. Midland has proven to be a very profitable company, with reported operating revenue of $248. 5 billion and operating income of $42. 2 billion. The company has been in business for over 120 years and employed more than 80,000 individuals.Janet Mortensen, the senior vice president of project finance for Midland Energy Resources, has been asked to calculate the weighted average cost of capital (WACC) for the company as a whole, as well as each of its three divisions as part of an annual budgeting process. Midland’s Three Divisions: Exploration & Production Oil exploration and production (E&P) is Midland’s most profitable business, and its net margin over the previous five years was among the hig hest in the industry.With oil prices at historic highs in early 2007, Midland anticipated heavy investment in acquisitions of promising properties, in development of its proved undeveloped reserves, and in expanding production. They also needed to account for competition from areas such as the Middle East, Central Asia, Russia, and West Africa. Refining and Marketing Midland had ownership interests in forty refineries around the world with distillation capacity of five million barrels a day. Measured by revenue, this side of the business was Midland’s largest. The relatively small margin was consistent with a long-term trend in the industry.Margins had declined steadily over the previous twenty years. Petrochemicals Petrochemicals is Midland’s smallest but most promising and undervalued division. Midland owned twenty-five manufacturing facilities and five research centers in eight countries around the world. Capital spending in petrochemicals was expected to grow in th e near term. [Midland Energy Case Analysis] Managerial Finance 1 In order to find the cost of capital for Midland Energy Resources and each of the three divisions within the company, we will need to use the formula or weighted average cost of capital (WACC) which is: ( )( rd= Cost of debt re= Cost of equity D= Market value of debt E= Market value of equity V= D+E= Value of the company (or division) T= Tax rate First, we can calculate â€Å"rd† for each division as it is outlined in the case by adding a premium/spread over US Treasury securities of a similar maturity. In other words: ( The two tables in the case are as follows: Table 1 Business Segment Consolidated E&P R&M Petrochemicals Credit Rating A+ A+ BBB AATable 2 Maturity 1-Year 10-Year 30-Year Rate 4. 54% 4. 66% 4. 8% Debt/Value 42. 2% 46. 0% 31. 0% 40. 0% Spread to Treasury 1. 62% 1. 60% 1. 80% 1. 35% ) ) ( ) *For my calculation, I used the 30-year maturity for E&P, R&M, and Midland as a whole as they take on longer term projects. I used the 1-year for petrochemicals as they tend to take on short term projects. [Midland Energy Case Analysis] Managerial Finance 2 Calculations are as follows: rd for Exploration & Production: rd for Refining & Marketing: rd for Petrochemicals: rd for Midland: Second, we need to calculate â€Å"re† for the three divisions as well as Midland as a whole.To find â€Å"re†, we will use the CAPM model outlined in the case: ( ) In order to solve this equation, we need to find beta for the three divisions. The case already outlines Midland’s overall beta at 1. 25. However, the case does not state the beta for the three divisions. We can calculate this using beta for publicly traded companied outlined in the case. Using the following formula, as well as exhibit 5 in the case, we can calculate beta for the three divisions: * ( ) ( )+ [Midland Energy Case Analysis] Managerial Finance 3 Exhibit 5(from case) Exploration & Production: Jackson Energy, Inc.Wi de Plain Petroleum Corsicana Energy Corp Worthington Petroleum Average Refining & Marketing: Bexar Energy, Inc. Kirk Corp. White Point Energy Petrarch Fuel Services Arkana Petroleum Corp. Beaumont Energy, Inc. Dameron Fuel Services Average Midland Energy Resources Equity Market Value 57,931 46,089 42,263 27,591 Net Debt 6,480 39,375 6,442 13,098 D/E 11. 20% 85. 40% 15. 20% 47. 50% 39. 80% Equity Beta 0. 89 1. 21 1. 11 1. 39 1. 15 LTM Revenue 18,512 17,827 14,505 12,820 LTM Earnings 4,981 8,495 4,467 3,506 60,356 15,567 9,204 2,460 18,363 32,662 48,796 6,200 3,017 1,925 -296 5,931 6,743 24,525 0. 30% 19. 40% 20. 90% 12. 00% 32. 30% 20. 60% 50. 30% 20. 30% 1. 7 0. 94 1. 78 0. 24 1. 25 1. 04 1. 42 1. 2 160,708 67,751 31,682 18,874 49,117 59,989 58,750 9,560 1,713 1,402 112 3,353 1,467 4,646 134,114 79,508 59. 30% 1. 25 251,003 18,888 Again the calculation to find Asset ? is: * Equity ? for Midland= 1. 25 ( ) ( )+ Equity ? for E&P= 0. 93*[1+ (1-39. 73%)*85. 19%] =1. 41 Equity? for R&M= 1. 05*[1+ (1-39. 73%)*44. 93%] = 1. 33 *85. 19% and 44. 93% come from Exhibit 1 in the case In order to get Equity ? for Petrochemicals, we will need to take a weighted average of the three divisions.The equation would be as follows: (w1, w2, w3 are based on the total assets of a division divided by Midland’s total assets). To find this, we will use the numbers from Exhibit 3 in the case: [Midland Energy Case Analysis] Managerial Finance 4 2004 E&P 76,866 R&M 60,688 Petro 19,943 Midland 157,497 2005 125,042 2006 140,100 Avg 114,002. 67 91,629 93,829 82,048. 67 28,000 28,450 25,464. 33 244,671 262,378 221,515. 33 Calculation for w1-3: W1= 114,002. 67/221,515. 33= 0. 51 W2= 82,048. 67/221525. 33= 0. 37 W3= 25,464. 33/221,515. 33= 0. 2 Now we can use the formula from before to find the ? for Petrochemicals: Lastly, we need to find EMRP to find â€Å"re† for Midland and the three divisions. We can find our EMRP number by looking at exhibit 6 in the case: Period 1987-2006 1 967-2006 1926-2006 1900-2006 1872-2006 1798-2006 Average excess return US Equities – T-Bonds 6. 4% 4. 8% 7. 1% 6. 8% 5. 9% 5. 1% Standard Error 3. 7% 2. 6% 2. 2% 1. 9% 1. 6% 1. 2% I will choose to use the average return from the time period of 1798-2006. That is the longest sample size in regards to time, as well as having the lowest standard of error.I will round down to 5% for ease of calculation: [Midland Energy Case Analysis] Managerial Finance 5 ( â€Å"re† for Midland= 4. 98%+5%*1. 25= 11. 23% â€Å"re† for E&P= 4. 98%+5%*1. 41= 12. 03% â€Å"re† for R&M= 4. 98%+5%*1. 33= 11. 63% â€Å"re† for Petrochemicals= 4. 54%+5%*0. 32= 6. 14% ) With this information, we are able to finally calculate the weighted average cost of capital (WACC) for Midland and the 3 divisions of the company. The formula and calculations are as follows: ( )( ) ( ) *D/V are provided in Table 1 for Midland, E&P, R&M, and Petrochemicals. They are 42. 2%, 46. %, 31. 0%, 40. 0 % respectively. WACC-cost of capital we need: WACC for E&P: ( =8. 32% WACC for R&M: ( =9. 29% WACC for Petrochemicals: ( =5. 10% WACC for Midland: ( =9. 17% [Midland Energy Case Analysis] Managerial Finance 6 ) ) ) ) The cost of capital (as shown above) will differ for the three divisions because the business operates in different industries. By being in different industries, the companies have different risk exposure and betas, while also having different credit ratings. All of these components will affect a company’s cost of capital differently.Further Analysis: Mortensen’s estimates were used for many things including performance assessments, mergers and acquisition proposals, stock repurchases, asset appraisals, and financial accounting. As stated in the case, cost of capital is a very important component in WACC calculations. These calculations were being used to evaluate at a divisional level as well as at a corporate level as a whole. In my calculations for the case, I solved for both levels. In regards to Midland’s corporate WACC, Mortensen computed the cost of debt for each division by adding a premium (or â€Å"spread†) over U.S. Treasury securities with an appropriate maturity depending on the division. For Exploration and Production (E&P), Refining and Marketing (R&M), as well as Midland as a corporation, Mortensen used a 30 year maturity TBond assumption as those divisions tended to focus on longer term projects. She decided on a 1 year T-Bond maturity assumption for Petrochemicals as they tended to focus on shorter term projects. Another assumption was that the tax rate (39. 73%) remained constant throughout the case as well as an EMRP of 5%.The EMRP was based on exhibit 6 of the case which examined TBonds during a certain period of time and with a certain standard of error. With a very low standard of error (based on the chart) and advisors, bankers, and investors covering the industry agreeing with 5% as an estimate, I believe the estimate to be appropriate. Analysts on the industry, bankers, and investors tend to have a broader look on companies within an industry as a whole. Lastly, Midland should not use a single corporate hurdle rate for evaluating investment opportunities in all of its divisions because each division is different.Midland is too large of a corporation, with different divisions, each containing its own unique set of risks. Due to the fact that the risk for each division will be different, I believe the corporate hurdle rates for those divisions should also be different to reflect a more accurate corporate assessment. I believe Mortensen did a great job with the information she was presented with in the case and I believe Midland Energy will continue to be a prominent company within the industry. [Midland Energy Case Analysis] Managerial Finance 7

Essay on New Public Management - 1913 Words

The New Public Management is not a simplistic Big Answer, but rather, it is a normative reconceptualization of public administration consisting of several interrelated components, which creates innovative bureaucracies that provide better services . This essay shall be against the notion that public sector should run like a business, by discussing the origin of the New Public Management (NPM) in relation to globalization and the Cold War, while also depicting its negative implications on anonymity and accountability which are essential to the running of the Public Sector due to ministerial responsibility. To conclude, a future description of NPM on Canada shall be given in order to affirm my stance. The New Public Management plays a†¦show more content†¦This obviously shows how the normal expenditure for the country was made to increase due to the wartime crisis in which Canada found them. Spending enough money in order to protect the country as well as protect the soldiers from the enemy skyrocketed into a future deficit. The public seemed to turn a blind eye at the time because they felt that any expenditure needed should be made available for the Defense department, nonetheless, they were not aware of the future implications of their support. This case of Canada is particularly illustrative because, when the Cold War drew to a close, Canadian defense spending topped 12 billion dollars per annum, funding that supported a total of 100,000 tri-service combat troops, support personnel, and reserves . This clearly shows how much debt they accumulated with only the Defense department in which the public supported wholeheartedly during the Cold War. Now, their only solution here would be to adopt the New Public Management policy since it would help them in cutting down their usual expenditure for the country, in addition to allowing them achieve the public trust completely by still providing services in an efficient manner. Similarly, Public administrators have become increasingly aware of the changing nature of public service, owing to globalization, on the eve of the newShow MoreRelatedNew Public Management ( Npm )1383 Words   |  6 PagesNew Public Management (NPM) was developed in response to some criticisms of the public sector. One of them is to make the public sector more financially accountable since they need to demonstrate to the government who provides them funding, that the money is being put into good use. They also need to ensure efficient resource allocation (Peyton) because resources are limited yet there is an increase in expectations and demands. 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