Historical and Personal Background of the Divine Comedy Essay

This essay is to accompany Between Fortune and Providence: Astrology and the Universe in Dante’s Divine Comedy. What follows is the overview and timeline I wish I had when I first started reading the Divine Comedy. Many commentaries of the Divine Comedy give background historical information, usually consisting of a general introduction and brief explanations when specific characters and events come up within the poem. Here I will proceed sequentially, beginning centuries before Dante’s birth and concluding in the year of his death. When I first mention a historical person whose character appears in the Divine Comedy, the name will be in bold, followed by page references from Between Fortune and Providence. Because this section gives an overview specific to the Divine Comedy, Italy and the city-states of northern Italy, especially Florence, is our focus. This essay is partly organized according to the modern astrological practice that uses cycles of the modern planets Uranus, Neptune, and Pluto. When relevant, we will look at outer planet configurations when they form conjunctions, opening squares, oppositions, and closing squares that correspond to New, First Quarter, and Full, and Third Quarter Moons. Since many readers of Between Fortune and Providence are astrologers or are interested in modern astrology, this will be useful for them. Those who are not astrologers can pass over this material. Here’s a preliminary summary of some the interacting themes of Church, politics, and economics that provide some background for the Divine Comedy. Religion: Understanding the medieval Church takes a special leap of the imagination. The Church had a dominant role in organizing and giving cohesiveness to Europe over a very long time. Yet the Church had its ups and downs, politically and spiritually. Because of its wealth and political power, the Church was also vulnerable to being abducted by strong secular rulers, and this is the case throughout the medieval era. In this essay we first encounter the Church as largely controlled by secular authorities, but reform movements were afoot that would help give it greater independence and spiritual authority over time. As the Church grew stronger, however, it would become more empire than religion and at times was unbelievably worldly. Over the centuries the papacy sometimes inaugurated some attempts to reform the Church. There were also reform movements from the monastic side. Other Church reform2 movements, like the orders of the Franciscans and Dominicans, began with charismatic leaders. There were also some failed attempts that have come down to us as â€Å"heresies.† Two centuries after Dante’s death, one heretical preacher, Martin Luther, would help launch the Protestant Reformation. Politics: In Dante’s lifetime, the Italian peninsula was comprised of many autonomous and economically diverse regions. In the south were the vulnerable but cosmopolitan kingdoms of Sicily and Naples. The central region was governed by the Pope. In the wealthier and more urbanized north, including Florence, there were many independent and prosperous city-states that were frequently at war with each other and with the larger political entities around them. Beginning around the time of Dante’s birth, the â€Å"Holy Roman Empire† was a loose confederation of warring German princes and their territories that were governed by an Emperor – at least in theory. In the centuries before Dante, the Holy Roman Empire was more dominant in Italian affairs. Just before and during the poet’s lifetime, however, the French monarchy had become a major player in European affairs. Dante resented this greatly. He was nostalgic for a renewed Roman Empire, but the reality was the perpetually disappointing contemporary â€Å"Holy Roman Empire.† Dante did not know that Europe’s future would favor not empires but nations like France, England, and Spain. Economics: The monetary and banking systems of Dante’s world would be more familiar to us than its religious and political institutions. Unlike the more rural and feudal Europe to its north and west, northern Italy contained commercial and banking institutions similar to ours. Italy benefited from its proximity to major trade routes and, with the Crusades, more traffic that moved back and forth across the Mediterranean. Toward Dante’s lifetime, Florence was a prosperous banking center and was also known for its textile industry. Dante loathed the commercialization of Florence and northern Italy in general. Yet this commercial activity would help bankroll Italy’s greatest eras in the centuries to come. In short, Dante’s conceptions of the flow of history into the future turned out to be completely wrong. He longed for a renewal of times that would never return.

Corporate Governance Assignment Essay

1. Introduction Corporate entities of all types need a governing body. In the case of a company, this is its board of directors. Corporate entities governed by a board of directors face the central challenge of the agency issue. Whenever a principal has to rely on agents to handle his or her business, governance issues arise. (Tricker 2012) Presently, corporate governance is an evolving concept as such there is no fixed definition. However, corporate governance has been defined as, â€Å"the system by which companies are directed and controlled.† (The Report of the Cadbury Committee on The Financial Aspects of Corporate Governance: The Code of Best Practice 1993) Recent high-profile corporate failures, scandals and, in some cases, executive corruption, have focused international regulatory and public attention on the need for having appropriate corporate governance standards and practices. (Leblanc 2005) As such, much emphasis is being placed on board evaluation. The ‘principles-based’ model of corporate governance is applied in Commonwealth countries. Under this model companies are required to report that they have followed the governance principles laid down in the codes or to explain why they have not. (Tricker 2012) Guyana being a Commonwealth country is subject to this self-regulatory framework of corporate governance. This paper used the OECD Principles of Corporate Governance (2004) as the basis for reviewing the governance of Republic Bank (Guyana) Limited. As such the paper is organized as follows; 1) explanation of the bases of review, 2) overview of Republic Bank (Guyana) Limited, 3) a review of the boards’ responsibilities, 4) recommendations for improvements and 5) conclusions. 2. Bases of Review There is no solitary model for good corporate governance, what constitutes good corporate governance will progress with the changing circumstances of the company. Established, codes and guidelines can serve as sound guidance for companies who care to be good corporate citizens. (Du Plessis, McConvill & Bagaric 2005) The OECD Principles of Corporate Governance (2004) are a set of internationally recognised and accepted guidelines that pave the way for establishing good corporate governance within an organisation. Succinctly,  put the OECD recommendations in accordance with the OECD Principles of Corporate Governance (2004) are as follows: The rights of shareholders The equitable treatment of shareholders The role of stakeholders in corporate governance Disclosure and transparency The responsibilities of the board to act in good faith, diligently, and with care to treat all shareholders fairly to ensure compliance with the law to review and guide corporate strategy to select, compensate, and monitor key executives to monitor governance practices to ensure integrity of accounting and financial systems In conducting a review of the board of directors, it would be wise to assess along the guidelines stipulated as the responsibility of the board in the OECD Principles of Corporate Governance (2004). Additionally, ensuring that the board complies with the national Companies Act, follows the rules set out in the company constitution and adheres to industry regulations indicates conformance to good corporate governance principles. 3. Discussion 3.1. Overview of the Republic Bank (Guyana) Limited Republic Bank (Guyana) Limited is one of the largest and oldest commercial banks in Guyana. The bank was initially a state owned institution, British Guyana Bank, which was sold to foreign investors thus becoming the Royal Bank. Further, transition saw the Royal Bank being resold to the Government of Guyana leading to the establishment of the National Bank of Industry and Commerce Limited. In 1997 Republic Bank Limited of Trinidad and Tobago purchased majority shares of the company and later renamed it Republic Bank (Guyana) Limited. (‘History of Republic Bank’ 2015) 3.2. Responsibility 1: To act in good faith, diligently, and with care There are two key elements to the fiduciary duty of board members; the duty of care and the duty of loyalty. (Tricker 2012) The duty of care requires board members to act on a fully informed basis, in good faith, with due diligence and care. (OECD  2004) At Republic Bank (Guyana) Limited the duty of care is established as the board comprises of majority independent directors , whose extensive experience in both business and finance provide invaluable input into the decision making of the company. Additionally, in keeping with the bank’s culture of broad disclosure the executive director ensures that all pertinent information relevant to the bank’s operations is provided to members of the board of directors. (Republic Bank (Guyana) Limited 2014) The duty of loyalty is of central importance, since it is the basis of executing other corporate governance principles. (OECD 2004) At Republic Bank (Guyana) Limited the duty of loyalty can be seen in the bank’s related party policy underscores the need for all transactions done with related parties and affiliates to be done on the same terms and conditions as with a non-related party. Directors are required to disclose their interest in related party transactions and to recuse themselves from considering or approving transactions in which they have an interest. (Republic Bank (Guyana) Limited 2014) 3.3. Responsibility 2: To treat all shareholders fairly Republic Bank (Guyana) Limited is a subsidiary of Republic Bank Limited. As at December 31, 2014 the stock holdings of Republic Bank Limited in Republic Bank (Guyana) Limited was 51.1%. The OECD guidelines suggest this principle is of particular importance in companies, such as Republic Bank (Guyana) Limited, who is the controlling shareholder and thus by de facto is able to select all board members. A sound corporate governance system requires that shareholders can actively participate in, and exert influence on, corporate strategic decision-making. If designed well, this can be done effectively through annual general meetings and proxy voting. Additionally, shareholders have a right to participate in, and be sufficiently informed on decisions concerning fundamental corporate changes. (Duhamel 2002) Republic Bank (Guyana) Limited adheres to the OECD principle in several ways. The company host an annual general meeting to which all stakeholders are given due notice of. Also, in accordance with the bank’s by-laws, three directors retire from the board annually and may offer themselves for re-election at the bank’s annual general meeting. The company also issues an annual report and quarterly financial statements to stakeholders and the general public.  Pursuant to the mandate to ensure that the interests of the various stakeholders are considered the board of directors meets, at a minimum, on a quarterly basis while the Executive Sub-Committee of the Board, comprising seven Board members, meets monthly for the remaining months. (Republic Bank (Guyana) Limited 2014) 3.4. Responsibility 3: To ensure compliance with the law The board of directors of Republic Bank (Guyana) Limited is committed to proper standards of corporate governance and maintaining these standards at the highest level. Continuous monitoring of the bank’s systems and procedures is done to ensure that standards are in keeping with the best practice as determined by the principles of corporate governance. The bank is also guided by the Recommendations for a Code of Corporate Governance issued by the Guyana Securities Council, and Supervision Guideline No. 8 on Corporate Governance issued by the Bank of Guyana under the authority of the Financial Institutions Act 1995. In addition the Bank is compliant with Supervision Guideline 10 on the Public Disclosure of Information. (Republic Bank (Guyana) Limited 2014) 3.5. Responsibility 4: To review and guide corporate strategy As stated in the bank’s Annual report of 2014 â€Å"Of critical importance to the board of directors is the responsibility to approve and review the bank’s strategic plan and within this context, to approve annual budgets, including capital expenditure. The board retains the responsibility for reviewing and approving credit applications above a specified limit.† In keeping with the expectation of the board of directors the performance of each Management Officer is also assessed against all key performance areas which among other things may include financial targets. The performance of all management officers is reviewed by the Board of Directors on an annual basis. Additionally, taking into account the increasing need for risk assessment, the board of directors has established a risk management committee, known as the other risks committee. 3.6. Responsibility 5: To select, compensate, and monitor key executives As stated in the annual report of 2014, the managing director and management team are appointed by the board of directors. Each management officer has a written mandate and is required to execute the stated functions as outlined therein. The managing director’s responsibilities and authorities are  documented and approved by the board of directors. 3.7. Responsibility 6: To monitor governance practices Monitoring of governance practice involves continuous review of the internal structure of the company, monitoring and disclosure of corporate governance practices on a regular basis, self-assessment by boards of their performance as well as performance reviews of individual board members and the CEO/Chairman. (OECD 2004) At Republic Bank (Guyana) Limited, the board of directors approves the organisational structure for the Bank which ensures a reporting structure with prudent and effective controls. The board of directors comprises nine directors including one executive director. Of the eight non-executive directors, five are independent. Republic Bank (Guyana) Limited adheres to the recommendations of the Supervision Guideline No. 8 on Corporate Governance issued by the Bank of Guyana under the authority of the Financial Institutions Act 1995 regarding its board structure. The board is comprised of an executive director and a majority of independent directors. (Republic Bank (Guyana) Limited 2014) Further, as suggested in the OECD Principles of Corporate Governance 2004, â€Å"with single tier board systems, the objectivity of the board and its independence from management may be strengthened by the separation of the role of chief executive and chairman†, Republic Bank (Guyana) Limited chairman is a non-executive director. The managing director of Bank (Guyana) Limited is the only executive director on the board. Additionally, in the annual report of the bank a statement of the bank’s corporate governance practice is made public. 3.8. Responsibility 7: To ensure integrity of accounting and financial systems Several committees have been set up by Republic Bank (Guyana) Limited to ensure integrity of accounting and financial systems. These committees are: 3.8.1. The audit committee The audit committee of the board meets at least quarterly to review the bank’s system of internal control, financial reporting process, audit and examination process, and compliance with statutory and regulatory laws. When necessary, the Audit Committee is responsible for reviewing the independence, competence and qualifications of the External Auditors. 3.8.2. The compensation committee The compensation, which meets at minimum once per year, is responsible for formalising the bank’s remuneration policy for staff. 3.8.3. The other risks committee The other risks committee, which meets quarterly, is responsible for reviewing policies and procedures and ensuring that the Bank is not exposed to unnecessary risks with respect to its operations. 3.9. Responsibility 8: Corporate Social Responsibility â€Å"Every board has a duty to formulate the company’s strategy, recognizing the risks involved, and part of that process involves determining how the company will behave, in other words, establishing how social responsibility will be exercised throughout the organization.† (Tricker 2012, p. 235) At Republic Bank (Guyana) Limited the need to be a good corporate citizen and perform its corporate social responsibility is understood and mirrored in the company’s vision which establishes the bank wishes to set a standard of excellence for social responsibility. Corporate social responsibility activities of Republic Bank (Guyana) Limited are conducted under its Power to make a difference program. The Power to Make a Difference programme aims to enhance the quality of life of disadvantaged persons; support healthcare programmes and disability awareness initiatives; provide opportunities for young people to realise their truest potential through sport, education and th e arts; build community spirit and, in essence, help to correct some of society’s ills. (Republic Bank (Guyana) Limited 2014) 4. Recommendations It was found that Republic Bank (Guyana) Limited in its governance aims to be a good corporate citizen by complying with rules and regulation stipulated at a national level and also meeting international standards of corporate governance. However, there are areas that could stand improvement and as such the following recommendations are made: 1) The chairman of the board of directors should be an independent non-executive director. Presently, the chairman of the board of directors of Republic Bank (Guyana) Limited is also the managing director of Republic Bank Limited, the majority shareholder in Republic Bank (Guyana) Limited. Having a connected non-executive director as chairman hinders board objectivity. Since the chairman’s interest are  aligned with the majority shareholder it can be posited that the rights of minority shareholder is at threat of being be overlooked. A non-executive chairman will be able to play a critical role in representing the different constituencies in the company with an impartial viewpoint. (Cossin & Caballero 2013) 2) The compensation committee of the board of directors in addition to formalising the bank’s remuneration policy for staff, should also be responsible for setting the remuneration policy and employment contracts for board members. This committee of the board should comprise either wholly or a majority of independent directors. (OECD 2004) 3) The bank should establish a nominating committee. The nominating committee offers a check-and-balance mechanism designed to reduce the possibility of a dominant director. The nominating committee should be made up wholly, or mainly, of independent outside directors, to make recommendations on replacement or additional members of the board. (Tricker 2012) 4) A standing committee of the board should be established with significant independent director membership, to recommend policies and to oversee corporate activities on corporate ethics codes, whistle-blowing procedures, and corporate social responsibility (CSR). (Tricker 2012) As suggested in the OECD Principles of Corporate Governance 2004 in fulfilling its control oversight responsibilities it is important for the board to encourage the reporting of unethical/unlawful behaviour without fear of retribution. 5) Of the nine members of the board only one is female. Republic Bank (Guyana) Limited should enhance board diversity by balancing the gender of the directors on the board. Studies that have validated a performance-based rationale for bringing women on boards. Results have demonstrated that comp anies with women board members outperform companies with no women directors.(Norris, 2012) 5. Conclusion Standards of corporate governance are determined by the measures which companies take for themselves, whether voluntarily or otherwise, to improve the way they are directed and controlled, and by the legal, ï ¬ nancial, and ethical environment in which they work. The governance framework is there to encourage the efï ¬ cient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align  as nearly as possible the interests of individuals, of corporations, and of society. (Claessens 2003) The governance of Republic Bank (Guyana) Limited, when reviewed in relation to the functions of the board as presented in the OECD Principles of Corporate Governance 2004 was found to compliant with most. Thus it can be deduced that, in administering both its conformance and performance duties, the board of directors of Republic Bank (Guyana) Limited adheres to best practices as they recognise good governance can play a role in promoting econo mic growth and business integrity. 6. References ‘History of Republic Bank’ 2015, About Republic Bank, viewed 17 Mach 2015, https://www.republicguyana.com/about/history-republic-bank. ‘The Report of the Cadbury Committee on The Financial Aspects of Corporate Governance: The Code of Best Practice’, Corporate Governance: An International Review, vol. 1, no. 3, pp. 124-124. Claessens, S 2003, Corporate Governance and Development, The World Bank, Washington. Cossin, D & Caballero, J 2013, Active Chairmanship Background: Literature Review, IMD University, IMD Global Board Center. Du Plessis, J, McConvill, J and Bagaric, M 2005, Principles of contemporary corporate governance, Cambridge University Press, Cambridge. Duhamel, V 2002, ‘Promoting Shareholder Participation’ paper presented at The Fourth Asian Roundtable on Corporate Governance, 11-12 November 2002, http://www.oecd.org/corporate/ca/corporategovernanceprinciples/2484854.pdf. Leblanc, R 2005, 20 questions directors should ask about governance assessments. Toronto: Canadian Institute of Chartered Accountants, Toronto. OECD 2004, OECD Principles of Corporate Governance 2004, OECD Publications Service, France. Republic Bank (Guyana) Limited 2014, Annual report 2014: The power of one, Republic Bank (Guyana) Limited, Guyana. Tricker, B 2012, Corporate Governance: Principles, Policies and Practices, Oxford University Press, Oxford.

Improvement Interpersonal Communication Research Proposal

Improvement Interpersonal Communication - Research Proposal Example In recent years, some researches have been done to know the importance of bedside nursing handovers on the health of patients but there exists the need to examine the benefits and challenges of bedside nursing handovers. This study proposes to (1) identify the benefits and challenges associated with bedside nursing handovers and finding ways to overcome the challenges (2) determine the impact of patients’ involvement in preparing handover for nurses. Previous researches have been unable to get an insight into the factors that affect the preparation of handovers. Moreover, there is also less emphasis on the importance of patients’ input in the provision of best medical care to patients. The goal will be to come up with some suggestions to make improvements in the bedside nursing handovers. Moreover, the study is also aimed to encourage people to join bedside nursing profession because of its influence on the well-being of whole society. Research Question The research que stion for this research will be: ‘what are the benefits and challenges in the right implementation of bedside nursing handovers and what can be done to overcome the associated challenges’. Significance of the Problem/Issue to Nursing and Midwifery The issue of bedside nursing handover is of considerable importance in the field of nursing and midwifery. Without handover, nurses cannot guarantee flawless and safe provision of medical care to patients because oncoming nurses require pertinent information to start doing their job properly. Similarly, bedside handover also ensures the ongoing confidentiality of the medical records of patients. In midwifery, the issue of handover becomes even more critical because pregnant women need... The results of the study will determine the impact of bedside nursing handovers on the treatment process of patients. The results will also help the researcher in knowing the challenges that new nursing professionals usually face in the presentation of nursing handovers. Moreover, the use of social websites will not only promote voluntary participation but also it will save time and money of the researcher. This report makes a conclusion that the reason for why bedside nursing handovers have been an issue of concern for a long time is related directly with the associated benefits if implemented properly and perceived negative outcomes if not presented with due care. The importance of studying the challenges that nurses usually face in bedside nursing handovers cannot be neglected in any case because they play the role of hurdles in the provision of best available care to patients. This is the reason why this research will mainly be focused on the difficulties that nurses face when they communicate with other healthcare professionals for handovers, as well as when they prepare the recommendations in accordance with the information available to them from treatment charts and plan of care. Prior researches have not been able to identify such challenges, as well as the programs that need to be implemented to overcome these challenges. The results of this research will be helpful in getting a detailed insight into the challenges which will help nursing professionals and medical institutes in dealing with the issue effectively.

Political Science - Foreign Affairs Essay Example | Topics and Well Written Essays - 750 words

Political Science - Foreign Affairs - Essay Example Some of the major reasons include commercial rivalries, religion, dynastic and territorial conflicts. The Thirty Years War began when the Roman emperor, Ferdinand II tried to impose the Roman Catholic absolutism on his empire. Consequently, the protestant nobles of Australia and Bohemia conflicted and rebelled against the decision of King Ferdinand for five years. In 1625, a dispute between Denmark and Germany arose where Denmark wanted to gain valuable territory in Germany. Sweden also conflicted with Poland where they fought for four years until 1929. After a struggle with Sweden, Poland attacked Russia, and the struggle lasted for five years. The wars were mainly fueled by political ambitions of some European countries to capture and exploit resources of others nations. In addition, religious conflicts accelerated the war since European countries were divided into three main religious groups. These included Calvinism, Roman Catholicism, and Lutheranism. Other participants in the war included France and Spain. According to the current situation in the Middle East, it is true that the region is experiencing a similar situation experienced in Europe during the Thirty Years War. Middle East is the home of many terrorist based groups such as Al-Qaida and Taliban. These sectarian and communal identities are eventually becoming more powerful and armed than national rules. In addition, conflicts in the Middle East are based on natural resource endowments, territorial rivalry, and religious affiliations. The outside actors such as the UN, NATO, and other peace organizations are unwilling and unable to stabilize the Middle East region completely. In his article â€Å"The Unraveling† Haass states clearly that the international order, especially the Post-Cold War order, is unraveling. Challenges facing the international laws are mainly global. Some of these challenges include cross-border terrorists flows, greenhouse gas emissions

Syngenta and GM crops Article Example | Topics and Well Written Essays - 1000 words

Syngenta and GM crops - Article Example The corn seed in question is named Agrisure Viptera which had not been previously approved by China back in November 2013. The corn shipments were found to contain a genetically-altered protein designed to act as deterrent against corn-eating bugs like earworms and cutworms.2 China has always been very careful regarding its approval for importation any genetically-modified seeds or crops if they had not yet completed their own laboratory tests. China is strict about their agricultural standards and always reserved unqualified right to reject any shipments for their safety. Biotechnology - GMO crops are termed as biotech crops because these were modified using genetic engineering to boost their yield, acquire better immunity against plant diseases or any plant bugs, and make these plants adapt better to adverse environmental conditions. GMO has been a controversial technology as some sectors are rightly or wrongly concerned about the potential harmful effects of using science to alter or modify the genes of any plant. But there are also advocates who claim this scientific technology holds the bright promise to help eradicate hunger, malnutrition, starvation, and even death by preventing famines in the developing world. Genetic engineering of agricultural plants and crops, in the same way that mechanized farming and the Green Revolution before, allows food production to be increased considerably and avoid the Malthusian theory of hunger resulting from overpopulation. Key solution - agricultural farming using GMO crops is seen as the solution to most of the problems associated with a growing global population. Moreover, GMO technology can mitigate the adverse effects of environmental degradation, global warming, and increasing pollution. GMO is applicable to all types of living organisms from bacteria, fungi, and yeast and to all larger and more complex organisms like insects, birds, fishes, and even mammals. The GMO

Launching new product Essay Example | Topics and Well Written Essays - 500 words

Launching new product - Essay Example Items like Sandwiches are very much into the ordering list of the customers. These sandwiches, burgers were found to be major source of excess calories and fat which elevates the normal physic to obese. Recently these alarming issues has spurred up many fast food retail chain to gear up for new food products which are low calories and low fat content. Keeping in view the changes in the food choice it is essential for any food outlet to introduce a new and innovated product to retain and enhance the performance of the food chain. Panera has conceptualized a new sandwich with new features to entice the health conscious customers. The Panera management basically concentrated on reducing the fat and calories contents of the Sandwiches. The sandwiches needs to served with thin slices of meat loafs with more vegetables with fibre contents and less fat. The vegetables will certainly increase the weight of the sandwich and regulate the fat and calorie content thus making it more health conscious food. The sandwiches components can be encouraged for big catering places like schools and college. As providing healthy food can be an added feature for any institution we need to oblige the managements to include our product. When we are catering our products to youth we need to concentrate more on garnish to make it look as a trendy dish. Garnishing with vegetables like carrots, leafy vegetables makes it more colorful and provides health food.

From the business idea (will upload the file), create a hybrid of Assignment

From the business idea (will upload the file), create a hybrid of ideas or compile a new idea then, document how the business mo - Assignment Example What makes the company success The sinner party company being a brand new service within the area of location, many people above eighteen years would be attracted to the services offered by the company. Many of the customers would be looking for a bar with lighting and logo placement which would help in overcoming the competitions by the other companies. Additionally, the Sinner Party Company has been strategically placed where the population is high hence more customers. The process layout of the company is very convenient to the customers hence their attraction to the company (Anderson, Narus & Van Rossum, 2006 pp. 90). Target customer The Sinner Party Company has no discrimination to customers. The company targets all kinds of customers at all age above 18 which is authorized by the law. The customer consideration by the company is the ability to make the payment of the services provided by the company. Additionally, they consider the customers attitudes and their behaviors during the party. For instance, the customers should be able to adhere to the company’s rules and regulations where they should not carry anything illegal to the party station (Winer, 2001n.p). In that case, the sinner party company gets attached well to their customer hence good relationship. The company’s relationship to the customers is pleasing and strong. For instant, the company offers the customers with two options; to provide private bar service for the customers at their own homes, to provide the customer with both the destination and the private bar services (Payne & Frow, 2005 pp. 168). Additionally, the company places the parties near to the customers where they are able to access the places at the right time. They also have the freedom offered by the company to choose the product they would wish to have during their function. In that case, the company’s relationship to the customers is strong enough (Payne & Frow, 2005 pp. 170). Macro environment The Sinn er Party Company has been net working economically, politically, socially, and technologically. Due to their social relationship with the Sydney people, they have been allowed to use the offices and the suburbs for their functioning. On the other hand, politically, Sinner Party has strictly adhered to the laws (Kirschbaum, 2005). They do not allow any customer who might bring illegal things in their company. In that case, the company has flourished without any government complains. On the side of economic, the sinner party company is a government revenue generating company. They consider the customers ability to make the payment according their charges. In that case, they make adjustments of their charges to equalize each customer and make everyone fit in to their rank (Kirschbaum, 2005). Due to the technology advancement in the company, the operations have been ease. The record keeping has become computerized where the company is able to record more than one thousand customers with their dates of functioning. Additionally, company has been able to bank their money hence safety. The sinner party company operates both daytime and night. In that case, the advancement of the technology has highly benefited the company. They have employed security maintainers who have been using technological tools to keep and ensure the customers safe both during the two sessions. Distribution channel The use of

Does capital punishment equate to cruel and unusual punishment Essay

Does capital punishment equate to cruel and unusual punishment - Essay Example This paper is an attempt to identify whether capital punishments can be regarded as cruel and unusual punishments which should be prohibited in the nation. It is essential to consider the Supreme Court’s legislative rulings over capital punishments. In the Gregg v. Georgia case the Supreme Court made it clear that â€Å"the death penalty is not considered cruel and unusual punishment, nor grossly disproportionate to the crime, provided the court’s review procedure affords procedural safeguards to prevent arbitrary or discriminatory sentencing† (PMBR & Palmer, 2009, p. 59). However, it is imperative that special care should be taken by the jury to display no arbitrary or discriminatory sentencing and it should ensure that capital punishments are given to the most deserving criminals. Similarly, the Supreme Court of Florida, considering the petition of Thomas H. Provenzano, ruled that â€Å"execution by electrocution in Florida’s electric chair as it exists in its present condition as applied does not constitute cruel or unusual punishment, and therefore, is not unconstitutional† (Supreme Court of Florida, 1999, p. 3).

Ethic Essay Essay Example for Free

Ethic Essay Essay Assume that Mark pledge to look after his sister’s son while she goes to the grocery store to buy some food. Instead, he goes to a computer shop to play poker in the internet. Supposedly, Mark should find another person to baby-sit the son of his sister. This is the moral responsibility of Mark for his obligations to the child and his mother. Secondly, Mark’s sister has also a moral responsibility in circumstances when it would be right to ethically commend or hold responsible Mark for his actions. If Mark failed to find a baby-sitter, he is morally responsible for the failure of his sister to buy some food in the grocery store. Mark’s actions are reflected to moral agents. Agents are reflects to situations and intensions of actions (Q1 Q2). I found my self altruistic to other people. If I have something (i. e. some money, food, clothes, etc. ), I intend to give it to other people. I didn’t count those things but I just want to help other people even at small things. Altruism in ethical concept in psychology is the purposeful pursuit of welfare of other people and/or public interest. In layman’s term, the concept of altruism is the unselfishness of one person for the welfare of other people (other than his/her family). I find it odd since I’m attracted towards helping other people like beggars and street people and charities rather than giving help my family’s lives (Q3 Q4). The top three values I have are being altruistic, kind, and serious. I think these values came from my family and the culture we have. I also think that being altruistic and kind are some of the professional ethics in psychology that are most compatible with my personal values. The notion of psychological egoism I believed is the notion where people are inspired by self-interest and concerns to others for the reason that this kindness will be returned back to them and will benefit them. (ETHICAL PRINCIPLES OF PSYCHOLOGISTS AND CODE OF CONDUCT, 2002). Conversely, this is only a viewpoint of how things are but not what is expected to happen or ought to be (Q5 Q6). References ETHICAL PRINCIPLES OF PSYCHOLOGISTS AND CODE OF CONDUCT. (2002) American Psychological Association.

Effective communication Essay Example for Free

Effective communication Essay Explain what is effective community? Effective communication is important because it ensures that information is clear, brief, accurate, non-judgmental, and useful. This reduces the possibility of mistakes being made, and ensuring suitable care service delivery. It is important to work as a team with your colleagues, so that you all work to achieve the same outcomes and targets. Explain different type of communication? Communication can happen past many procedures and methods and depending on the channel used and the style of communication there can be various types of communication. Verbal Communication: Verbal communication is divided into written and oral communication. Oral communication can be face-to-face communication or a conversation over the phone; dialogs are influenced by voice tone, pitch, volume and the speed and clarity of speaking. The other type of verbal communication is written communication, written communication can be through mail, or email. The use of written communication depends on the style of writing, vocabulary used, grammar, clarity and precision of language. Non-verbal Communication: Non-verbal communication includes the body language of the person who is speaking, which will include the body posture, the hand signs, and overall body movements. The facial expressions can play a role while communication since the expressions on a person’s face says a lot about his/her mood. On the other hand signs like a handshake, a smile or a hug can independently convey emotions. Non-verbal communication can also be in the form of pictorial representations, signboards, or even photographs, sketches and paintings. Informal communication: Informal communication includes examples of free unrestrained communication between people who share a casual relationship with each other. Informal communication needs two people to have a similar wavelength and hence occurs between friends and family. Informal communication does not have any rigid rules and guidelines. Explain importance of effective communication? Effective communication in the health and social care setting is very important as it allows the health care worker to perform their role effectively, allowing them to work alongside their colleagues whilst developing supportive ties with the users of the service who come from different types of backgrounds, cultures/ and religion. People with communication disabilities are at risk of not being able to communicate effectively with their health care professionals and this could have an impact directly on their health Links: http://www.markedbyteachers.com/as-and-a-level/healthcare/explain-the-role-of-effective-communication-and-interpersonal-interaction-in-a-health-and-social-care-context.html Type of communication: http://solvedassignments.org/message.php?id=109semid=1

Radiographic Evaluation of Soft Palate Morphology

Radiographic Evaluation of Soft Palate Morphology Title: Radiographic evaluation of soft palate morphology and correlation with gender on lateral cephalograms Introduction: The soft palate is the posterior fibro muscular part of the palate that is attached to the posterior edge of the hard palate.1 It participates in most of the oral functions, especially in velopharyngeal closure which is related to the normal functions of sucking, swallowing and pronunciation.2 The palate is formed by the fusion of three components; the two palatal processes and the frontonasal process. At a later stage, the mesoderm in the palate undergoes intramembraneous ossification to form the hard palate. However, the ossification does not extend into the most posterior portion which remains as the soft palate. Early references concerning the objective measurements of the soft palate have been done by investigators for assessment of speech, function and the upper airway structures.3-11 Although these continued efforts toward the dimensional analysis of the soft palate and its surrounding structures have been made, little attention has been paid to the variety of soft palate morp hology and configuration. Image of the soft palate on lateral cephalometry appears to have various morphologies in normal individuals, in contrast to the only one kind published in the literature. Pepin et al found the ‘‘hooked’’ appearance of the soft palate in patients who were awake, which indicated a high risk for the obstructive sleep apnoea syndrome.12 The purpose of the present study is to investigate the variation of the soft palate morphology and the proportional differences of the soft palate between the two gender groups. This study can be helpful for understanding the various morphologies of the soft palate in the median sagittal plane on lateral cephalograms. These findings may be used not only as references for the normal soft palate, but also for cleft reconstruction and the etiological research of obstructive sleep apnea syndrome (OSAS) and other conditions. Materials and Methods: We conducted a cross-sectional study in department of Oral Medicine and Radiology, Manipal College of Dental Sciences, Manipal. Instructional ethical committee approval was obtained for the study. Lateral cephalometric radiographs of individuals subjected to radiographic examination for orthodontic purpose were retrieved for the study from the archives of departments of Oral Medicine and Radiology and Orthodontics. A total of 100 digital lateral cephalograms of normal healthy individuals (50 males and 50 females) who were aged 15-45 years were retrieved from November 2014 to February 2015. All the subjects who had normal speech and function were included in this study. Radiographs of good quality and visibility of soft palate were included. Patients with facial or palatal deformities or facial trauma were excluded. Poor quality radiographs and radiographs with incomplete details were also excluded. All lateral cephalograms were taken using orthopantomograph (Planmeca) with a tube potential adjusted to optimize the contrast. All the images on the radiographs were observed and classified into 6 types by 2 radiologists independently according to You M et al., (2008).1 The six types of morphology of the soft palate are as follows: Type 1: ‘‘leaf shape’’, which was lanceolate, indicated that the middle portion of the soft palate elevated to both the naso and the oro-side Type 2: when the soft palate showed that the anterior portion was inflated and the free margin had an obvious coarctation, the radiographic appearance was described as having a ‘‘rat-tail shape’’ Type 3: a ‘‘butt-like’’ soft palate showed a shorter and fatter velum appearance, and the width had almost no distinct difference from the anterior portion to the free margin Type 4 indicated that the image of the soft palate presented a ‘‘straight line shape’ Type 5: the distorted soft palate, presented the S-shape Type 6 revealed a ‘‘crook’’ appearance of the soft palate, in which the posterior portion of the soft palate crooks anteriosuperiorly The pattern of the soft palate on the digital lateral cephalograms was highlighted with curve tool in Microsoft power point. The assessment of the soft palate morphology was carried out twice by two radiologists. Since there were no differences in classification between the two radiologists, reliability was considered to be acceptable. All the analysis was done using SPSS version 18. A p-value of Results: A total 100 radiographs were studied for shapes of soft palate out of which 50 were males. The age of the subjects was 20.91Â ±3.63 with age range of 18 – 45 years. Type 1 was most commonest shape of the soft palate (30%) followed by Type 6 (19%), Type 2 and 3 (17% and 17%), type 4 (11%) with least being type 5 (6%) (Figure 1). A total of 50 male and 50 female radiographs were used for our study. Among males, Type 1 was the commonest (38%) followed by type 6 (22%), Type 2 and 3 (14 and 14) with least being type 4 and 5 (6 and 6%) respectively. In females, Type 1 (22%) was the commonest followed by type 2 and 3 (20 and 20%), type 4 (16%), type 6 (16%) with least being type 5 (6%). However, there was no significant difference in the distribution of shape of soft palate between males and females (p=0.312) (Table 1). Table 1: Comparison of shape of soft palate between males and females Chi-square test Discussion: Cephalometric analysis is one of the most commonly accepted techniques for evaluating the soft palate in both normal individuals and those with cleft palate. Cephalometry is a relatively inexpensive method and permits a good assessment of the soft tissue elements that define the soft palate morphology and its surrounding structures.1,8 Much of the former research that studied the soft palate and its surrounding structures was aimed at providing some information on diagnosis, prediction and treatment in individuals with cleft palate. The soft palate plays a large role in velopharyngeal closure, which refers to the normal apposition of the soft palate with the posterior and lateral pharyngeal walls. It is primarily a sphincteric mechanism consisting of velar and pharyngeal components. The movement separates the oral cavity from the nasal cavity during deglutition and speech. When the velum and lateral and posterior pharyngeal walls fail to separate the two cavities, velopharyngeal incompetence (VPI) occurs.1 In our study, the leaf-shaped soft palate was the most frequent type, which is an expected finding since this type was previously described as a classic velar morphology in the literature. This was in accordance with the previous studies reported in the literature.1,13-15 However, Type -2 (Rat tail shaped) was reported to be commonest by Praveen et al., 2011.16 While the S-shape was seen in only few cases, it can be supposed that the number of subjects in the investigation was not large enough. The S-shape, which was described as a hooked appearance of the soft palate by Pepin et al.,17 was found in 5.8% subjects in our study. They hypothesized that soft palate-hooking plays a key role in pharyngeal collapse, since hooking results in a sudden and major reduction in the oropharyngeal dimensions, which therefore dramatically increases upper airway resistance and the transpharyngeal pressure gradient. Pepin et al., therefore concluded that hooking of the soft palate in awake patients in dicates a high risk for OSAS.17 In our study, the difference between gender didn’t exist in the comparison of the proportion of the various morphology of soft palate. This was similar to that reported by Praveen et al., 201116 while previous study by You et al.1 reported gender differences, wherein type 2 and 3 were significantly less in females than males. Type 1 was the most comments type among males and females in our study which was followed by type 2 and 3. This was similar to the study reported by Kruthika S et al., 2012.15 This classification can help us better understand the diversity of the velar morphology in the median sagittal plane. These findings can be used as references for the research of velopharyngeal closure in cleft palate individuals and for aetiological research of OSAS and other conditions.

A Place to Remember Essay -- Personal Narrative Descent Essays

A Place to Remember When I was sixteen years of age, my Gram, Aunt Jamie, and I went to Scotland. We visited many places, such as Edinburgh, Sterling, and Dumfries. We also visited Arundel, Windsor, and London in England. The most exciting part of our trip was when we went and saw the house my Grandad born in and the family house. As I looked at those houses, I felt like I was home, I had found the place I was supposed to be. All my life I have known who I was and where I was from, I am Scottish, my Grandad was born in Scotland, so in a way, I am from Scotland as well. The flight to London felt like it took forever, we were all so tired and just wanted to take a shower and go to bed, but we had to get off that plane and get on another going to Scotland. When we finally landed in Scotland, I couldn’t believe I was actually in a foreign country, I was so excited. The first thing I did when we landed in Scotland was to look through the window, of course what I saw were other airplanes and men running around getting luggage and showing planes to the terminal. After we got all of our luggage and the rental car, we walked outside, as I looked around, I could see so much green in the distance; so many different colors of green. I had never seen so much beauty in one place. The first night we were there, we got lost looking for the bed and breakfast we were staying at that night. We kept driving by it, but we couldn’t find a way to get to it so we kept driving right by it and then get lost looking for it again. After forty five minutes of looking for the bed and breakfast we finally found it. We were finally able to take showers and then we went out to dinner, we found this cute little pizza place where ... ...cause they all looked the same; they were all painted the same color. When we found it I just stood there in amazement, knowing that my Grandad who was also one of my best friends lived in that house that was right in front of me. I had always dreamed to go to Scotland to see my Grandad’s house, and when my dream came true, I was amazed. Knowing that I was where I felt I belonged, was the best feeling in the world. All of the scenery, the important places we saw, the beautiful buildings and animals, was a site I will never forget. Being Scottish used to just be cool to me knowing that my Grandad was born in Scotland and that I had Scottish blood in my veins. After I saw the house he was born in, it changed my viewpoints, I felt that Scotland was one of the most beautiful places I knew about, and being apart of that wasn’t something I should take lightly.

The Death of the Net Generation has Been Greatly Exaggerated :: Argumentative Persuasive Topics

The Death of the Net Generation has Been Greatly Exaggerated America's youngest generation, the "Net Generation", is not destined to become the sex-addicted, morally bankrupt, heroin-overdosing generation that many media types have forecasted it will be. As a member of this "Net Generation", or an N-Gener, I know first hand what the values of my generation are, and I know what the future may hold. It is in this respect that I agree with the author of Growing Up Digital, Don Tapscott. Despite the vast array of negative uses for the Internet, there is an equal upside to this form of communication that gives me great hope and confidence in the Net Generation. Tapscott describes the changing ways that N-Geners think, and he sums them up in three points. N-Geners have a greater acceptance for diversity, are a curious generation, and have great self-reliance and assertiveness. If this is truly the way minds are changing, I'm happy to be a part of it. Since there is no way to tell who people are when they're online, people have to be accepted for who they are. As the author said, "You may be [something] else...like an inanimate object. The fact that you're communicating with a toaster is not important--it's what the toaster has to say" (Tapscott, p. 86). N-Geners learn to think about what a person says oftentimes without knowing who said it, thus eliminating any possible bias. N-Geners' being a curious generation is perhaps easier to understand. The Internet is a completely new and ever-changing world, creating endless possibilities for exploration. This vast world of information has proven inviting to kids, making the new generation a curious one. Self-reliance and assertiveness are other important qualities gained from the Net. There are web sites for all sorts of purposes, from fantasy football to free speech. The latter gives an interesting example of how methods of assertiveness have evolved. These web sites are "the digital equivalent of the 1960s petition" (Tapscott, p. 87). In other words, the ideals haven't changed drastically from 1960 to Y2K, just the methods of expression (and on another level, the ease of expression). Internet-based self-reliance comes from the independent nature of the computer. It is a single console designed for use by a single person. When on the Internet, people decide where to go and what to do entirely on their own, and that idea has been firmly engrained in the minds of N-Geners.

Diversity management programs Essay

Diversity in the workplace is an important aspect of the workplace, which if not followed, could lead to a society that doesn’t have respect for different cultures. It is important to develop diversity management programs, were aspects of diversity such as religion, different cultures due to outsourcing, age, women and single parents, disabled team members, flexible work hours, are discussed which will lead to redesigning jobs to better fit the individual. When developing a conceptual framework for such programs to be implemented, it is important to view how lack of diversity in the workplace has affected other countries around the world besides America. According to Begum (2005), social care organizations in the United Kingdom are affected greatly by lack of diversity amongst there staff. Information, in the United Kingdom, is not distributed fairly to the population, is distributed on a socio economic basis. It is important for social care organizations to become diverse in their workforce, if they are to embody the essence of the communities that they serve. Studies have indicated that gender and culture diversity create barriers to effective interactions and hinder employee performance (Managerial Issues, 2000). When outlining a possible course of action to take when implementing diversity management programs within employee workforces, we could include information on how lack of diversity in the workplace has affected countries like the United Kingdom. People tend to feel more comfortable working in groups with people who share their ideals and beliefs, which is something I think we are all guilty of at times. I think it is important when outlining the possible courses of action to take when implementing diversity management programs, that employees share their different ideals and beliefs in an open environment. I think that employees sharing their different ideals and beliefs help the workforce grow, and the company they work for as well. Michael Bird (2007), a college professor at De Vry University in South Florida, has implemented a diversity management program in which he has developed a five step program in order to ensure that his team succeeds. Michael’s five step program required, these students to one, understand and define diversity, to understand the organization’s value and necessities, effectively manage the resistance towards, evaluate our overall team’s performance, and last of all use the experiences shared to improve or groups management techniques. Flex management should be implemented in order to ensure that people feel like they are assets to the company, and are taken care of properly. During the development of a conceptual framework for a diversity management program, teambuilding exercises have proven to be the most effective. It is important for the employees to have different cultural backgrounds and different beliefs, in order that they may share those with the corporation in which they work. I think that when different cultures, different peoples with different ideas and beliefs, come together and share their ideas, truly inventive things can take place within the corporations they work in. America is a melting pot of different cultures and beliefs, which is what makes our country unique and truly produces unique individuals, tolerant of other people’s beliefs, with truly innovative ideas. One great way to go about instituting diversity management programs within the workplace would be to organize groups within the workplace that shared similar beliefs, and have them share their beliefs as a whole, and attempt to implement any new ideas obtained. The next step after instituting diversity management programs is to organize employees that share the same ideals, and discuss their shared ideals, and find common ground. In order for the employees participating in a diversity management group to share their ideas and implement them on a level on which they all agree, it is important that the employees learn to work together and respect each other’s ideals. With a proper management support, workers can have the proper training in order to train our employees to be more culturally sensitive. It is important that management is effective in their approach to dealing with culturally diverse issues. By training our employees and diversity management, they will benefit greatly. Although most of these successful companies the United States show’s significant efforts to include people with disabilities in a diverse workforce, there is still room for improvement. I hope that by implementing this diversity management program within the workplace, policies can be enforced specifying what is meant by diversity, in terms of race or gender, and also provide more information pertaining to those employees that have disabilities. With everybody’s help, we can be certain that we can implement this new diversity management program within the workplace, and that this program will be a success.

Hill Country Case Solution Essay

Hill County operates in a very competitive market where new potential entrants can be a threat to its operation either through lower price offering or lower production cost. Competition from peer companies has significant effect on its operation, because Hill County is price taker in the market, that is, increase in prices is not one of the choices it can implement. Also, due to the fact that its profitability relies heavily on cost management, an intense competition can worsen the situation of Hill County in the future. Hence, the company needs to be very efficient in order to compete with other low-cost production firms. In addition, cost management may also link to the bargaining power of Hill County over its suppliers, which plays an important role in the manufacturing cost of the firm. Whenever their suppliers have more bargaining power, Hill County would face a potential decline in its profit margin. Macroeconomics conditions also contribute to the business risk of Hill County. During an economic downturn, consumers are less likely to spend money on snacks or attend venues, where they would normally purchase snacks. This would result in declining sales. Hill County does not seem to offer as much diversification in their line of production needed, in order to diversify their exposure to macroeconomic contractions away. The change of consumer behaviour is another business risk faced by Hill County. Recent surveys have shown that, consumers tend to become more aware of Health food. This indicated that they may turn away from less healthy snacks to other choices such as organic food. Selling snacks through school systems also requires the company to alter its products. Therefore, Hill County has to conduct researches and develop alternative choices in response to such preferences and requirements, which leads to an increase of cost. 1.2 How much financial risk would the company face at each of the three alternative debt-to-capital ratios presented in Exhibit 4? The following table compare the potential financial risk faced by the company under each of the debt-to-equity ratio alternative. In general, the higher the leverage ratio is, the higher the risk level will be. Item 20 % Debt to Capital 40% Debt to Capital 60% Debt to Capital The company has the same tax level across each scenario, and thus there is no difference in the relative advantage of An increase in the debt level is leading to higher The highest tax shield advantage in Tax Shield tax shield. However, in absolute terms, an increase in the tax shield benefits absolute terms to the company debt-to-capital ratio will enhance the tax shield benefit The bond rating is AAA/AA, indicating that the default risk is rather low. In terms of financing cost, comparing with the corporate bonds with same rating that pays at rates from 2.5% to 3.2%, the interest rate 2.58% is considerably acceptable. Higher debt levels are leading to higher financial distress costs for the company. However, 20% is still below the industry’s average and appears as a considerable level in order to benefit from advantages that debt provides. The rating of the bond would fall to BBB indicating that the credit risk increases higher debt levels. Although the credit increasing thi s is still in line with the average. According to Exhibit 3 the bond This is rating drops to B. This seems rather due to high and risky and would raise the risk is concern of the management and market especially the equity holders, which are described as risk averse. Too much debt-to-capital ratio can cause severe financial distress cost to the company (details to be discussed in section 3). The 4.52 ICR indicates that the debt level is rather risky, as a significant amount of the cash flow generated by the company would be tightened up by a higher repurchase premium and a higher risk premium. Credit Risk Financial Distress Cost Higher financial distress cost as the company is entitled to debt obligation where debt holders have the ability to file bankruptcy toward the company. An ICR 11.82 is in line with the industry average and much higher than the bonds with the similar rating (4.1). But as the amount of stock being repurchased rises, the premium required would also increase, resulting in more cash outflow. In terms of financial flexibility, a relatively high interest coverage ratio (ICR) of 36.8 supports the company’s ability to Flexibility take on more debt. Especially by comparing the ratio with its peers, such ratio seems to match with its risk aversion philosophy. Agency Cost of Debt Increase in debt-to-capital ratio can cause agency cost of Agency cost of debt will be more problematic This level will involve highest agency debt to be higher. However, at level of 20%, it is still because the managers are not left with freedom cost of debt. considerably low. to operate the company. Agency Cost of Equity Adding more debt into capital structure will reduce agency As more debts are added, agency cost of debt cost of equity as managers are left with less free cash flow Lowest agency cost of equity. would be further reduced. that could have been exploited for perk consumption. Since part of the earnings is paid to meet the debt repayments, dividends paid deceases comparing with actual 2011. But this is counter-balanced by increased earnings per share (EPS) as the shares outstanding is reduced Comparing with 20% leverage, dividend continues to decrease but EPS goes up on the scale of EPS in actual 2011, which is favourable for valuation and is in the interest of shareholders. Dividend Policy Dividend paid and EPS decline at the same time, which would lead to a lower valuation of the firm. 1.3 How much value could Hill County create for its shareholders at each of the three alternative debt levels? In order to answer the question we use the change in return of equity (ROE) as an appropriate measure. For the sake of simplicity we used the book value of equity rather than market values. According to Exhibit 4 and 5, the profit margin, total capital and tax rate remain unchanged over the forecasting period. Judging from the table below, the ROE increases when the leverage ratio rises. This is indicating that the more aggressive the capital structure is, the more the extent to which the value is maximized. However, we should take into account the benefit and risk involved when deciding which capital structure is optimal. Alternative 20 % Debt to Capital By implementing 20% of debt into the capital structure the company is able to increase the ROE by over 30% to 16.31%. 40% Debt to Capital An increase to 40% debt to capital is leading to an increase of over 60% in the ROE t o 20.52%, which is a positive indicator of increased shareholder value. 60% Debt to Capital ROE In the third alternative the ROE can be more than doubled to a ROE of 27.64%. 2. What debt-to-capital structure would you recommend as optimal for Hill County? What are the advantages of adding debt to the capital structure? How would issuing debt impact the company’s taxes and expected costs of financial distress? How would the financial markets react if the company increased its financial leverage? In order to determine the optimal capital structure for Hill County Snack, we examined the debt-to-equity ratios for A-rated companies within the food and beverages industry. Based on figure 15.13 in Financial Theory and Corporate Policy by Copeland, we see that the median is 65% debt-to-equity, which in debt-to-capital term equals 40%. We can also see from the figure that none of the firms within the industry operates with zero debt-level, and this gives us an indication that the firm is likely to gain firm value by introducing debt to its capital structure, mainly due to the tax shield of debt. Referring to Modigliani-Miller proposition I (MM I) with taxe s, we know that the value of levered firm is equal to value of unlevered firm plus Figur 15.13 tax shield of debt. Also, according to Tread-off Theory, the firm will increase its value by adding debt up to the level where the marginal cost of financial distress is equal to the marginal gain from the tax shield. We used the ICR to evaluate the likelihood of financial distress when the firm introduces debt to the company. The financial market is likely to have a positive reaction if the company increased its financial leverage, since it will increase firm value and ROE, making the company more attractive to investors and other stakeholders. To what extent the stock price will appreciate depends on the market expectations of how the firm will cope with its debt obligations. From Exhibit 4 we see that the firm can easily adopt the 20 % debt-to-capital ratio, having a very high ICR of 36.90 which implies very low probability of financial distress as well as it will be in shareholders’ interest since it increases ROE from 12.5% to 16.31% without adding much risk and reduces f ree cash flow and agency cost of equity. Having a closer look on the next scenario where the company is tested with a 40% debt-tocapital ratio, we can see that ROE increases from 12.5% to 20.5%. With this capital structure, the firm operates with the same level as the industry median of its competitors. Implied by Pecking Order Theory, since this is the median, it might indicate that this is somehow the optimal debt structure for this type of industry. The firm will still be very liquid with a relative low probability of financial distress based on the high ICR of 11.82. Finally, we have to consider the 60% debt-to-capital ratio, which results in an ICR of 4.52. This ratio is, just above the median for BBB rated companies by Standard & Poor’s (Exhibit 3). Although the ROE increases form 12.5% to 26.2%, it introduces a significant amount of risk to the company and the firm would be much more sensitive to macroeconomic conditions and fluctuations in revenue. Based on the three alternatives, we believe that the optimal debt-tocapital structure is around 40%. This is because the company will have a significant benefit from the tax shield of debt and it will cause a large increase in ROE for the shareholders such that they are able to compensat for the increase in risk, reduc agency cost of equity and still be very liquid to fulfil their debt obligation, by having a very high ICR of 11.82, which is  even above the median for A-rated companies. The reason we chose this alternative instead of 20% is because we believe that the company can increase its firm value even more with this alternative, without adding a significant amount of risk. Also, if the company were to introduce 60% debt-to-capital, we think this is a too aggressive approach for the company that is new to debt in its capital structure. 3. How could Hill County implement a more aggressive capital structure? What methods could be used to increase debt and decrease equity? A more aggressive capital structure would in general mean that the company is increasing the leverage ratio by either increasing the debt or reducing the equity or both. The main two reasons why companies look to reduce the share capital and make capital distributions to shareholders (i.e. return cash surplus to shareholders in excess of the immediate requirements of the company) are: a) enhancing shareholders’ value though an improved ROE; and b)to achieve a more efficient capital structure. The following are possible approaches that Hill County can undertake to adopt a more aggressive capital structure. 1) Implement Debt Financing Debt financing refers to any borrowed money which Hill County would have to pay back to the lending institution. It can come in the form of a loan, line of credit, bond, etc. We would highly recommend Hill County to seek capital by issuing bonds rather than having bank loans. In our view, Hill County can benefit more from bonds issued than from a bank loan. The interest rate and other terms of bank loans are set by the bank, whereas when issuing bond, it can actively set the interest rate and schedule the payments based on the current market conditions. Even though it would be its first issue of bonds, we see the risk involved and cost incurred rather minor, due to the relative strong financial reports of the company, assuming the market is efficient. Although most companies, including Hill County, can borrow from banks, they view direct borrowing from a bank as more restrictive and expensive than selling debt to the open market. In order to maintain the degree of flexibility that is offered by all equity financing, the CEO would try to avoid any restrictions that come with debt financing. Most bank loans come with multiple conditions, or covenants, that the borrower must follow for the life of the loan. Bank loan covenants protect the bank (and in effect  bank loan fund investors) but impose restrictions on the borrower. As the advantages outweigh the disadvantages we recommend Hill County to seek for bond financing rather than a bank loan. 2) Reduction of Equity Alongside the debt financing via bonds, we suggest that Hill County should reduce their share capital.. A reduction of equity is used to increase distributable reserves to make dividend payments possible, or to make a large return of capital more efficient. There are a number of possible mechanisms, including: A share buyback, where Hill County buys its own shares back in the market. These shares are usually then cancelled. Companies do sometimes retain bought-back shares as treasury shares in order to be able to re-sell them, or allocate them to fulfil share options or to otherwise avoid issuing new shares. In the case of Hill County, we would advise them to cancel the shares as we are seeking for a possibility to reduce the equity share capital. Another alternative for County Hill is the conversion of share capital and nondistributable reserves into debt capital. This approach has been used by large UK listed companies, and is basically the conversion of share capital into debt. Existing shares are cancelled and replaced with new shares (fewer, or with a lower par value) and bonds, the latter typically redeemable at the option of the holder. This allows shareholders to take the return of capital as a capital gain, and time it to their advantage. One easy solution would be the conversion of non-distributable reserves into distributable reserves, which is followe d by the payment of a special dividend. This, however, would mean that many shareholders would be unable to avoid paying income tax on the special dividend. 3) Hybrid Securities In addition to financing either by debt or by equity, such hybrid securities as convertible bonds can both alter the capital structure and provide the management with flexibility. Within a certain time period or when the share price is low, the convertible bonds would contribute to the total debt amount, which requires fixed and rather low periodic payment. Hence, the leverage ratio would rise. However, as time goes by or when Hill County’s stock price appreciates, these bond holders may convert the bond and thereby such amount would switch into equity. 4) Off Balance Sheet Financing (OBF) Apart from general debt financing we would also consider the implementation of off balance sheet financing. As the  leverage ratio goes up and increase the riskiness of the company, the CEO and share holders may concern such would weaken the strength of balance sheet and periodic performance. But certain OBF methods like leasing and factoring can enhance the cash flow of the firm and substantially build up the leverage without adding to the amount of the debt. 4. Considering Hill County’s corporate culture, what arguments could you use to persuade CEO Keener or his successor to adopt and implement your recommendation? Considering the management focus of Hill County is to maximize shareholders’ wealth, raising the leverage ratio of the firm can help the management to achieve such goal. First of all, using the issued debt to repurchase stock can not only push up the stock price but also bring shareholders tax benefit, which supports equity holders in managing their wealth more efficiently. Also, in line with our previous discussion, introducing debt into the firm’s capital facilitates managers to take up slightly more risky but also more profitable investment opportunities. This is because leverage can reduce the risk that is bore by equity, instead of missing out potentially profitable projects so as to maintain sufficient cash flow. Regarding the company’s strong commitment to efficiency and cost control, issuing debt can provide the company with considerable tax shield as interest payment is tax-deductible. Thus, reducing tax payments can lower expenses and retain more economic benefit within the company. Another advantage is that leverage can lower the weighted average cost of capital since the cost of debt is usually lower than the cost of equity, which contributes to its cost control policy. In such way, Hill County can more efficiently (lower cost of capital) and sufficiently (higher level of retained earnings) finance its daily operations and other investment projects. A third aspect of the Hill County’s corporate culture is caution and risk aversion, meaning that the managers always prefer financial safety and flexibility. Introducing debt into the capital structure of the company can stabilize the cash outflow as the company can schedule whichever principle and interest payment that is suit able to the operating and financing requirements and thereby enable the management to control risk exposure. Also, Hill County can issue debt with embedded options such as callable bonds, enabling the firm to buying back the bonds at a certain  price when debt-financing is unfavourable. Lastly, if the management is still concerned about rising debt levels would lead to weaker financial reports, other capital sources such as off-balance sheet financing can change the capital structure without much dynamic and unfavourable change of the crucial financial ratios, say, debt-to-equity ratio and interest coverage ratio, which have a strong impact onto the evaluation of Hill County’s risk level.

Is there any relief to the grimness in section one of 1984?

In the dystopian society Orwell creates in 1984 there is an overwhelming, yet unsettlingly familiar sense of irony; the omnipotent leaders of Oceania, Big Brother and the inner party members, claim to be controlling the everyday lives of the citizens in order to bring them a better life, ‘for the good of the party' and ‘our new, happy life'. However, this is the distinct opposite to the reality Winston Smith lives in; a totalitarian state which professes to bring hope and happiness, yet in actuality drains any sense of optimism and joy. In a place bereft of any hope, Winston Smith finds himself desperately searching for a sense of individuality and relief. It would be wrong to assume, however, that Orwell's society is completely and utterly deprived of solace, there are, at least in section, one faint glimmers of hope, small fragments to which Winston clings; a person he sees in the corridor, the masses of lower classes, the diary in which he writes. There are little details in Winston's life that do bring a sense of relief; the fact that luckily his room contains an area in which he can remain unseen by the telescreens. This offers him a minute place of solitude in a society where Big Brother is omnipresent. The presence of his diary and his pen, there is relief in the fact that he is able to write, even if it is extremely dangerous to do so. Remnants of the past can still be found in some places, the paper weight Winston finds, for example becomes something beautiful and rare that brings colour to the grimness of his situation. The shop in itself appears to be a place of hope, Winston finds himself strangely drawn back to it. Full of memories and paraphernalia of the past it offers some relief to the dark and bleak present. Winston also finds relief in people, evidently the wrong ones as the reader later finds out, but nonetheless the character of O'Brien appeals to him, † we shall meet in a place where there is no darkness† Winston is told by him and this gives him hope. He writes his diary to O' Brien and thinks this may be the only person who understands and feels the same way, offering him a sense of comfort ‘†I am with you†¦. I am on your side† O' Brien seems to be saying' and although Winston is gravely mistaken, there is some relief that he believes somebody empathises with him, this gives him faith. â€Å"Proles and animals are free† states the party slogan, and Winston believes with conviction that the only prominent hope are within these ‘swarming disregarded masses'. The proles seem free, whereas the rest of the population is indoctrinated and docile. The proles can express themselves, they are allowed to be passionate even if it only about beer and the lottery. It is ironic that passion can also be evoked in the outer and inner party members, yet this passion is in relation to ‘the two minute hate' and to Big Brother, rather than a passion for freedom and for hope. Thus continuously Orwell writes that ‘if there is hope, it lies in the Proles'. Orwell himself states that the proles â€Å"represent real human beings with their emotions intact and not driven out of them. † Winston recognises that the Proles are the key to change, as they are the only people capable of thinking for themselves. However this is only a limited relief, the proles have been tamed and occupied by the party, they are allowed certain freedom because they do not have the ability to rebel, as Orwell writes they are not conscious of their own strength, â€Å"Until they become conscious they will never rebel, and until after they have rebelled they cannot become conscious. † To that end hope may indeed lie with the proles yet it seems unlikely to amount to the rebellion needed to bring relief to Oceania. The idea that logic, tautologies and mathematics can never be truly altered is a key theme throughout 1984, in section one there is still hope and optimism in these fields, or so Winston beliefs. â€Å"Freedom is the freedom to say that two plus two makes four. If that is granted, all else follows. † This belief gives Winston something to hold on to, he knows that it is true and it offers a sort of promise that at least something is inalterable. Winston wonders whether if everybody believed that two plus two makes five, it be considered truth. Yet the fact remains that although history is rewritten, and events and people erased, no bureaucracy can alter the universal laws of maths. In section one Memory features as an outlet for relief and a place of hope, although it is evident that people do not remember the past as well as they should, Winston still has vague recollections and images from his past, the images of his mother and sister haunt him, but at least they show that there was something before. proles remember lottery†¦.. remembers songs†¦.. †¦ shop keeper memory†¦. man in pub†¦ 984 is often described as a warning to the future; Oceania has strong parallels with Stalin's Russia and the message still resonates with the modern reader familiar with the sense of paranoia and increasing government restrictions in light of international events. Perhaps hope can be drawn from Orwell's footnote in the beginning pages, stating that ‘newspeak' was the official language, the past tense suggests, as propounded by Margaret Atwood, that the dystopia was not eternal. For Winston Smith, in the immediate present of Oceania, there is a small sense of relief, yet only perhaps because he is looking for it. He perceives himself to be different from the rest of the outer party members and this helps him to find some relief, yet at the same time also mentally tortures him as he wonders if he is a lunatic, ‘ a minority of one'. Although there is some relief to the grimness in section one, there is not quite enough to combat the totalitarian control of Big Brother, it seems that Winston Smith eventually starts to take risks, not because he is hopeful or experience relief, but because he becomes even more apathetic towards his own existence.

English Tennyson Essay Essay

How far do you agree with one reader’s view that â€Å"the men in Tennyson’s poems are whining, selfish and arrogant, with little to recommend them†? In Tennyson’s poem Tithonus, some may see him as self pitying. In the first stanza it begins with how man is born, works on the earth, then dies and is buried underground. However, the speaker, Tithonus, is cursed to live forever, â€Å"Me only cruel immortality consumes†. Tithonus then goes on to tell Aurora, goddess of the dawn, â€Å"I wither slowly in thine arms†. He expresses a passionate grief about this while he is now a â€Å"gray shadow† that was once a glorious and beautiful man chosen by Aurora to be her lover. He remembers long ago that he had asked Aurora to grant him eternal life, but the hours that accompanied Aurora were angry at Tithonus as he was able to resist death. Now, though he cannot die, he remains forever old and has to endure waking up to Aurora who is able to renew herself every morning, consequently stays forever young. In the third stanza, just before the sun rises, Tithonus tells us that he can see the â€Å"dark world† where he was born and was a mortal being. Aurora is told by Tithonus that she always grows beautiful, but she then leaves suddenly without having answered his request, â€Å"In silence, then before thine answer given departest, and thy tears are on my cheek† which tells us the sadness he feels about his curse of being old but never dying. He also questions Aurora as to why she must â€Å"scare† him with her look of regret as this makes him fear that an old saying â€Å"The God’s themselves cannot recall their gifts† might not be true. Tithonus then sighs and starts to reminisce about his youth, and remembered how his body used to come alive when he lay down waiting for the dawn, â€Å"..and felt my blood glow with the glow that slowly crimson’d all†. In the final stanza, Tithonus pleads with Aurora to not keep him imprisoned in the East as the sun always rises in the East, so he has to watch her rise anew each morning, because his eternal old age means he has to endure the overwhelming pain of watching Aurora’s eternal renewal. He asks her how it is possible for his nature to continue to mix with hers as they are both so different now. Tithonus wakes up each morning â€Å"cold† and â€Å"wrinkled† whereas  she rises to â€Å"happy men that have the power to die†. He asks Aurora â€Å"release me, and restore me to the ground† because he is miserable and can only appreciate life when he is dead. This way, Aurora can see his grave when he rises, and he who is buried in the earth will be able to forget the emptiness of his present state. Throughout the poem, there is no real sequence or structure to it. Tithonus’ thoughts and feelings jump back and forth; this shows the disorder and confusion in his life as he is immortal and life is a never ending struggle for him. Throughout the whole poem, Tithonus is whining about his immortal curse and how he pleads with Aurora to release him, even though he had asked her to grant him eternal life. This shows how arrogant he really is, because the reason he wanted eternal life was because he had remembered how much of a beautiful man he was. Aurora had given Tithonus what he had desperately longed for, then throughout the poem he had put all his misery, unhappiness and desperation on her as he realised he would stay forever old because the Hours punished him. He is trying to make Aurora feel guilty for what she has done because he has to be in the presence of her eternal youth and beauty. In Tennyson’s poem Ulysses some may view this as another example of how arrogant and selfish men are. Ulysses announces that he sees very little point in him staying at home â€Å"by this still hearth† with his old wife, which shows very little respect for her. He also speaks of his travels and how he intends to live life to the fullest and swallow every last drop of life. He has been exposed to many different types of people and their way of life. They have also exposed Ulysses to the â€Å"delight of battle† as he was fighting the Trojan War with his fellow soldiers. Ulysses says that his travels and what he has seen has shaped who he is, â€Å"I am a part of all that I have met† he explains. Ulysses declares it is boring to stay in one place, â€Å"how dull it is to pause, to make an end† and to remain in one place is to pretend that all there is to life is simply breathing. He yearns for new experiences that will broaden his horizons and grow in wisdom and learning â€Å"to follow knowledge like a sinking star†. Ulysses then speaks to an unknown audience about his son  Telemachus and how he will govern the island while he will continue his travels at sea. He speaks highly of his son Telemachus, praising his dedication and devotion to the gods â€Å"and pay meet adoration to my household gods†. This poem is written as a dramatic monologue and is spoken by a single character, which is Ulysses, and his identity is revealed through his own words. The lines are in unrhymed iambic pentameter which gives a natural and fluid quality to Ulysses’ speech. A lot of the lines in the poem end in the middle rather than the end, which is seen as appropriate for this poem because it is about pushing forward in life. Finally, the poem is split up into four paragraphs or sections that each has a thematic unit to them. In all dramatic monologues the character of the speaker emerges from his own words, and it is clear that Ulysses is incompetent as a ruler as he much prefers to travel the seas and embark on new quests, instead of taking care of his present responsibilities. From one reader’s point of view, Ulysses may be seen as egotistical and selfish as he devotes 26 lines to himself and longing for the travelling life, and another 26 lines to his mariners who travel the seas with him. However, he only devotes 11 lines to his son about how he is to govern his land whilst he is away, and only 2 lines about his â€Å"aged wife†. However, in that era, it was the norm for the males to travel the seas and explore the untraveled world, and for the wives and children they would stay at home waiting for the men to return. So one might say Ulysses was doing his duty and what was expected of him at that time. Another poem by Tennyson is Mariana which is drawn from a line in Shakespeare’s play Measure for Measure: â€Å"Mariana in the moated grange† which is about a woman waiting for her lover Angelo who has abandoned her because of the loss of her dowry. The poem has no real narrative movement and instead is a visual depiction of isolation. One of the most important symbols in this poem is in the fourth and fifth stanzas; the poplar tree can be interpreted as a phallic symbol as it provides a break in a flat and even landscape, â€Å"for leagues no other tree did mark†. The shadow of the poplar tree falls on Mariana’s bed at night when she feels love sick, which may suggest her sexual hunger for lover who has not come for her. The poplar  tree also comes from classic mythology; Ovid describes Oenone addresses the poplar tree in which Paris carved his promise not to desert her. Therefore the tree has become a symbol of a lover and his broken promise. The first, fourth and sixth stanzas are the only stanzas that take place in the daytime. They each show an unending present with no sense of time, light and darkness. These stanzas switch from the descriptions of Mariana feeling restless and sad, she does not sleep or wake but she is in a constant dreamy state of mind. Mariana cries in the morning and evening and awakes in the middle of the night. Going back and forth between a flat day and sleepless night creates a sense of torment and confused time. The poem involves no action or progression, and Mariana is locked in a constant state of longing and isolation. Because of the image we get of Mariana, one view would be that her lover is selfish and arrogant because he only ever wanted her for her dowry, but because she has nothing he no longer sees her as valuable. On the other hand, Tennyson wrote the poem from Marianas point of view, so we do not get a complete picture of what has happened. Overall, one might agree with a readers view that the men in Tithonus, Ulysses and Mariana are whining, selfish and arrogant with little to recommend them. Tithonus is putting guilt on Aurora for giving him immortality, even though he had asked for it. In Ulysses, he is clear that his love of the sea and his travels are greater than that of his wife and child. However, in those days Ulysses was just fulfilling his male role in his society, and this was part of the norm and everyday life for them. In Mariana, we get the impression from the way Tennyson tells the story of Mariana that her lover only really wanted her dowry, but because she has nothing left he is no longer interested and has left her waiting for him, therefore we would sympathise with Mariana. However, the reader is only seeing things from Marianas point of view as Tennyson wrote the poem from her perspective, so we are not getting the full picture of what happened.

Analyzing Pro forma Statements Essay Example for Free

Analyzing Pro forma Statements Essay This financial analysis will define an initiative of what to implement, that would increase sales over the next five years. It can either be, another market, product, or a corporate expansion. A pro forma will be created and used for the XYZ Manufacturing Company of a five year projections. Assumptions will be made to support each line item, to increase or decrease the forecasted statements. There will also be interpretation of the financials, in relation to the initiative. Recommendations are to made on the potential discretionary financing needs. This word analysis is the company’s short term and long term financing needs, and strategies to help the company manage their working capital (University of Phoenix, 2014). Pro forma statements are created by, forecasting and combining the income and balance into a financial statement format. This will determine how the account balances are forecasted by acquiring forces that will influence and project how the accounts will be influenced. These forces are recognizable as restrictive debt agreements, sales, and company policies The following illustrations below is the Pro forma’s process for a five-year projection. This information is based on historical data collected from the sample provide (UOPX, 2014)..There is acquired information of a increase in sales new product as the result of a new product introduction also an increase in the production capacity. The increase in sales will acquire fixed assets with the excess cash (Parrino, Kidwell, & Bates, 2012) Pro forma Balance Sheet for XYZ Company, INC. Total Liabilities and Stockholders’ Equity-$559,608 $649,251 $848,766 $1,,037,172 $1,183,541 In the above balance sheet the current assets and current liabilities has increased in the ratio of sales (Parrino,Kidwell, & Bates, 2012, p90,91. 92) There is also an additional increase in the fixed assets. The company to take out an additional loan to meet the capital expansion, and the working capital needs (Parrino, Kidwell, & Bates, 2012) I would recommend that the company The first step in this pro forma financial statements is the forecasting of sales. Sales always influence the current asset and current liability account balances. For example: the account receivable balances would need to become larger increased if the firm needs to carry more inventory. Through the profit margin, and the dividend payout ratio. There is much difficult in forecasting sales, but it is an essential, it only depend on the season of the year, economy and the industry There could also be many other factors as well. Reference Parrino, R., Kidwell, D. S., & Bates, T. W. (2012). Fundamentals of corporate finance (2nd ed.). Hoboken, N. J.: John Wiley & Sons. University of Phoenix material, (2013) â€Å"Analyzing Pro Forma Statements†

International Accounting - Report of a major italian company Essay

International Accounting - Report of a major italian company - Essay Example But now that IAS 38 has been AGREED with finality to be the new compulsory accounting procedure, then we have to follow suit. According to the European Council of Finance Ministers, on December 13, 2001 â€Å" agreed to a general orientation on a proposed regulation that would require all EU listed companies, including banks and insurance companies, to prepare their consolidated financial statements using IAS. ECOFIN agreed that this requirement should go into effect in 2005 at the latest. However, companies that currently apply US GAAP as their primary financial reporting standards would not have to apply IAS until 2007. The 2007 extended deadline for companies using US GAAP was inserted at the request of the German government. EU Internal Market Commissioner Frits Bolkestein said: The International Accounting Standards Regulation will introduce a new era of transparency and put an end to the current Tower of Babel in financial reporting. It will help European firms to compete on equal terms when raising capital on world markets and allow investors and other stakeholders to compare companies performance against a common standard. However, I regret the Ministers decision to grant some big companies the right to apply US GAAP standards until 2007, two years after the Lisbon deadline for completing the Internal Market in financial services.† (http://www.iasplus.com/pastnews/2001dec.htm) Comment: The main purpose that all countries are â€Å"rushed† to apply these international accounting standards is to have a comment yardstick to compare one company in the European Union with another country selling the same products and services. If we call an item â€Å"goodwill† in England, then in the same situation in another far away place like Australia or United States, we can confidently call the same item bought as â€Å"goodwill†. Accounting is defined as â€Å"the language of business†.

Pros and Cons of Government Safety Regulations Essay

Pros and Cons of Government Safety Regulations - Essay Example Governments set strict rules for companies that run businesses involving the emission of toxic chemicals that may cause pollution or pose threats to humans and natural resources. An example is the regulations and standards set by EPA (2015) on carbon emissions. Regulations that limit the levels of wastes or emission serve to protect people from infections or depletion of other ecosystems. Second, safety regulations in business services limit the movement of goods in the market to prevent possible harm to consumers. Safety regulations serve to ensure uncertified products do not get to the market. In the health sector, safety regulations ensure only qualified practitioners provide services. Furthermore, safety regulations ensure that medications supplied to consumers are in the best conditions to attend to the condition. In essence, safety regulations serve the interest of consumers. Although they are essential, safety regulations also have varied challenges. Among the notable disadvan tages is the interference with the optimization of goods. Safety regulations are disadvantageous because they cause high prices of goods. The supply of goods and services is highly likely to be subject to interference under safety regulations. There are possible cases of shortages of goods and services that are subject to government safety regulations. That, consequently, causes an increase in the price of goods and services.