The And Intensification Of World War One - 1218 Words

The Prolongation and Intensification of World War One by Its Belligerents. The First World War started from a minor conflict. However, poor decisions and lack of logical thinking by various belligerents, especially Germans, caused the minor conflict to become ‘The Great War’. Although, the German contribution to intensify the war was greater, all other belligerents who were influenced by the Germans in making decisions during the war were inclined to mistakes, leading to the disastrous outcome of the war. The First World War began as a minor conflict between Austria and Serbia. The conflict rose after the assassination of the Archduke Franz Ferdinand, the emperor of Austria-Hungary. Soon, the conflict turned into a European War when the†¦show more content†¦The Germans’ purpose for fighting was to attain the status of world power. They were not satisfied with simply to preserving Germany (Howard 9). â€Å"They claimed for Germany the status, not only of a Great Power, but of a World Power, Weltmacht† (Howard 10). Such a great ambition drove them to make rationally wrong decisions during the war. â€Å"There was certainly no logic in the decision by the German General Staff that, in order to support the Austrians in a conflict with Russia over Spain, Germany should attack France and do so by invading Belgium†(Howard 23). It was certainly a mistake to attack Belgium who was promised protection by the Germans themselves. Immediately after the invasion of Bel gium, previously neutral Britain was provoked into joining the war, spreading the war zone to the west. This decision increased the damage to each county as well as the number of countries affected. As bigger and more powerful countries entered the war, the battlefield expanded and so did the number of those who died. Perhaps the unprecedented catastrophic events were due to the fact that several more poor decisions were made by the German commanders in addition to the one above. Another German mistake was the usage of violent and destructive methods in an attempt to win the war. Their actions displayed inhumanity. â€Å"Seeing saboteurs and francs-tireurs even when they did not exist, German troops took and shot an

The History of Childresn Literature Essay - 1599 Words

The History of Children’s Literature EDP1: Task 1 Janet Blake Western Governors University Children’s literature is defined many different ways. It can be simply defined as a book that a child reads, or as Kiefer defined it â€Å"as the imaginative shaping of life and thought into the forms and structures of language.† (Kiefer, 2010, p.5) Literature has been around for hundreds of years, although not in the form that we are used to seeing now. There have always been stories to be told for as long as one can remember. Before the days of bound books and magazines, there were stories that were told by people in the village around the campfires, or the bards and traveling entertainers telling stories to the court in the castles. This form†¦show more content†¦(Kiefer, 2010, p.66) In the Middle Ages, children were treated as an adult in the family. Children went out to work just as the parents did to help provide for the good of the family and to provide for the family’s needs, whether it was economically or material based. The prosperity of the family came first. Because of this, many children were unable to read and were not provided with a formal education. They were provided with the education that was needed to survive everyday life and the education of religious beliefs. Books at this time cost too much for the common family to own, and were very rare at this time in history. In 1476 William Claxton was credited with learning the printing trade and taking it back to England with him and setting up a printing press at Westminster. From there he published 106 books of various genres. The books were put together with excellence, but were very costly, because of this they were owned mainly by the wealthy. (Kiefer, 2010, p.69) It is visible at this po int to see how valuable the printing press really was. Due to the high expense that books were in this time, many did not own books because they could not afford them. Others would trade their valuable land or property to own a single book. The fifteenth through the sixteenth centuries brought more to children’s literature. Children made a progression from hornbooks, to ABC books and primers, to the small

The Centro Case Duties and Responsibilities Outlined

Question: Discuss about theCentro Casefor Duties and Responsibilities Outlined. Answer: Introduction In 2011, the Federal Court of Australia ruled on Australian Securities Investments Commission (ASIC) v Healey Ors [2011] FCA 717 (the Centro Case), which has become one of the landmark cases on the duties and responsibilities of Australian company directors with regard to financial statement(Bowlt, 2011). As the facts of the case go, ASIC had instituted civil proceedings in 2009 against directors and officers of the Centro Group citing breach of the statutory duty of care, skill and diligence(McCullough Robertson Lawyers, 2011). According to ASIC, the directors were liable in breach as they had approved financial statements in 2007 which were marred by discrepancies. Additionally, the court had to address the issue of delegation of the aforementioned duty, the duty of directors to take reasonable steps in ensuring financial statements adhere to financial reporting standards as well as the role of non-executive directors in management(AICD, 2011). The issues in question were contrav entions of ss. 180(1), 601FD (1) and 344(1) of the Corporations Act 2001(Cth), hereinafter referred to as the Act 2001. The following report is commissioned to outline the specific duties and responsibilities breached by the Centro Group directors and analyse the Courts decision in view of the Act 2001. An Overview of the Directors Duties and Responsibilities Breached in the Centro Case The Duty of Care, Skill and Diligence The Act 2001, s.180, expects that directors execute their duties with a certain level of care, skill and diligence as would a prudent man under similar circumstances(Latimer, 2012, p. 698). This provision is adopted from the common law standing as illustrated by Romer J in Re City Equitable Fire Insurance Co Ltd [1925] Ch 407, where the standard of care in this duty is pit against the actions of a prudent man in the same situation(Corkery, 1987, p. 133). However, today the test also takes into consideration the nature of the business in question, its size, the constitution of the board of directors and the allocation of duties amongst them (Douglas, 2015). Additionally, the Act 2001, under s 198D, gives directors powers to delegate their duties so long as this is in line with the companys constitution. These duties include the preparation of company accounts, management roles among others. The delegation, however, does not exclude directors from keeping track of company activities, they cannot simply rely on the information of experts or employees but should undertake to examine and clarify details pertaining to their duties(Douglas, 2015). In ASIC v Macdonald (No 11) [2009] NSWSC 287 (the James Hardie case), Gzell J, even where expert advice is sort or duties are delegated, directors have a nondelegable duty to the company and its stakeholders to ensure they take all reasonable steps to provide accurate information failure to which they will be in breach of s180 of the Act 2001(Wan, 2015, p. 79). In the Centro case, the directors breached the duty of care, skill and diligence by failing to identify the discrepancy in the companys financial statements; the actions of the directors, in this case, fell below the stipulated standard of care mentioned above(Paolini, 2014, p. 314). Additionally, the directors reliance on external advisors, that is the PWC auditors, did not suffice as a reason to exempt them from liability as the law expected them to take all necessary action to ensure accuracy despite delegation of duties(Basovo, 2012, p. 84). The failure to identify the inaccuracies, as well as investigate the information provided by advisors, led to a breach of duty by Centro Groups directors. Duty not to Make Misleading Statements The Act 2001, under s.295 (4), tasks directors with the duty of making a declaration on the companys financial position. In making this declaration, directors are required to ensure the information they provide is accurate and a true and fair view of the companys position; this means that they are expected to read and understand said statements and apply their knowledge while reviewing them(AICD, 2011). Additionally, ss 601FD (1) and 344 (1) place the duty on company directors to take proper measure to ensure they, as well as the company, comply with the provisions of the Act 2001. The onus is therefore on directors to stay in the loop and pay attention all while ensuring utmost competency among board members so as to avoid discrepancies(Worthington, 2016, p. 382). Failure to comply with this requirement attracts a civil penalty on offenders who are found liable. According to Owen J in The Bell Group Ltd (in liq) v Westpac Banking Corporation (No 9) [2008] WASC 239, the buck of responsibility and liability in the running of a company stops at the board of directors. As such, directors have the duty to fully comprehend their duties and take all necessary measure to comply with them(Schenone, 2011, p. 95). The delegation of duties does not make them dormant; they must create for themselves a working knowledge on the running of the company and apply their mind to any information received from management(Daniels v Anderson, 1995). Directors are at the apex of the corporate structure and although they do not need to be involved with the nitty gritty details of the companys day to day operations, case law is clear that they have a principle role to play in the management of the company and as such should always be aware of the fundamentals of the business(AICD, 2011). In the Centro case, the Directors relied on the external auditors findings that there were no discrepancies in the financial statements. Although these were well renown auditors, the law expects directors to take it upon themselves to ensure their declarations are not misleading and reflect a true and fair view of the institutions financial position. It is clear that the Directors, in this case, did not intend to mislead stakeholders but merely relied on misleading information, however, failure to utilise their knowledge and adequately review the records constituted a breach of duty by Centros directors. An Analysis of the Courts Decision in View of the Corporations Act 2001 In the Centro case decision of June 2011, Justice Middleton found that each of the directors knew of the current interest bearing liabilities and guarantees and in addition knew, or should have known, of the key accounting principles that would inform them of any discrepancies in the statements(AICD, 2011). As such, each director did not take reasonable steps or apply his mind accordingly; additionally, they all failed to question management and other relevant parties on the proposed statements and additionally failed to request declarations as per the provisions of s 295A of the Act 2001.All these are duties expected of them in their capacity as directors and failure to fulfil them constituted a breach of the duty of care skill and diligence owed to Centro Group and a failure to take prudent steps in ensuring financial statements comply with set guidelines(AICD, 2011). They had, therefore, contravened the provisions of ss 180(1), 601FD (3) and 344 of the Act 2001. The following disc ourse will analyse the courts decision, in depth, in view of the Act 2011. According to Justice Middleton, directors must read the financial records and formulate their own view and not simply rely on the information provided by experts and advisors before approval(McCullough Robertson Lawyers, 2011). He believes that reading and comprehending the contents of the statements personally requires that the director to question whether the proposed statements are in line with his personal knowledge of the companys financial position. In his decision, the judge expressed that directors ensure they have a basic understanding of the companys business and its fundamentals. In addition, company directors must remain informed on company activities and monitor their affairs and policies by familiarising themselves with its financial status and conducting routine reviews of its statements(McCullough Robertson Lawyers, 2011). This is in line with the provisions of ss 601FD(1) and 344(1) of the Act 2001, which task directors with ensuring they take undertake measures to a scertain compliance with set guidelines in the Act 2001. Each director should have taken it upon themselves therefore to have an interest in the information provided by the external auditors and apply their skill as directors to discern the accuracy of the information provided. The decision in the Centro Case illuminates the higher standard of care expected of directors as opposed to previous cases. The original test for the standard of care as illustrated in Re City Equitable Fire Insurance was said to be subjective. The test in Centro, guided by s 180 of the Act, encompasses both the subjective and objective test where directors duty of care is pitted against the actions of a prudent man as well as their specific skill; where a director is appointed based on a particular skill the duty of care expected of them is higher(Wan, 2015). As such, the directors were not only expected to act diligently but also to apply their knowledge of the companys business in their review of its statements as they had been appointed with the expectation to nurture this skill. Their failure to apply this knowledge led the court to find them liable for breach of duty based on the aforementioned subjective and objective tests. Additionally, the decision in Centro outlined the extent to which directors can delegate their duties as per section 198D. This issue intertwined with the aforementioned issue of reliance on professional information. In Centro, a committee of directors known as the board audit and risk management committee had been commissioned with the mandate to supervise the preparation of financial statements and reports(AICD, 2011). Justice Middleton held that, although an audit committee played a significant role it could not substitute the role of directors. This decision puts a limit on the extent to which directors can delegate their duties as well as the significance of their managerial role to the company. Justice Middleton believed directors were paramount to the company structure and should not assume their duties through delegation(Schenone, 2011). Critics note, however, that this decision has failed to provide directors with the guidance on how much enquiry they are to make on proposed financial statements(McCullough Robertson Lawyers, 2011). The directors may experience challenges in identifying how far they are to investigate issues that are not clearly identifiable on information provided by management. Additionally, there is the fear that the decision, in this case, could challenge the relationship between management and directors as the high standard of care requires directors to heighten their scrutiny of information brought before them(Norton Rose Fulbright, 2011). This poses a challenge as the decision was unclear on the extent to which it is appropriate to scrutinise information and records presented to directors(McCullough Robertson Lawyers, 2011). Conclusion As illustrated in ASIC v Healey Ors (2011), the Corporations Acts (2001) (Cth) s 180 places a duty on directors to exercise care, skill and diligence in their responsibilities. Additionally, directors are expected to take all necessary measure to ensure the companys financial statements comply with financial reporting standards as per ss 601FD (1) and 344 (1) of the Act. In the above-mentioned case, the company directors failed to identify discrepancies in their annual financial reports after relying on professional experts who found no corrections in them. Their failure to identify these discrepancies constituted a breach of the aforementioned duties as they were expected to apply their knowledge and skill to review the reports prior to approving them. The decision of the Federal Court had brought with it some challenges as it remains unclear as to how much scrutiny directors should exercise on the information availed to them by management and additionally on how liable they are wh ere they fail to identify mistakes that are obvious. With this in mind, it is clear that directors, although given the power to delegate, should remain at the apex of the corporate structure and exercise care, skill and diligence in reviewing financial statements so as to ensure they reflect a true and fair view of the companys financial status. References AICD, 2011. Centro Case Summary: ASIC v Healey Ors [2011] FCA 717. [Online] Available at: https://www.thewaltongroup.com.au/wp-content/pushups/2011/09/ASIC_v_Healey_Centro_Directors_Federal_Court_Judgment__27_June_20111.pdf [Accessed 3 February 2017]. ASIC, 2016. Directors-What are My Duties as A Director?. [Online] Available at: https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-directors/directors-what-are-my-duties-as-a-director/ [Accessed 3 February 2017]. Austin, B., 2012. Directos' Duties: Some Reflections after the James Hardie, Fortescue and Centro Cases. [Online] Available at: https://m.minterellison.com/publications/reflections-after-the-james-hardie-fortescue-cand-centro/ [Accessed 3 February 2017]. Australian Securities and Investments Commission v Healey Ors (2011) FCA. Basovo, V., 2012. Explaining Financial Scandals: Corporate Governance, Structured Finance and the Enlightened Sovereign Control Paradigm. Newcastle: Cambridge Scholars Publishing. Bowlt, H., 2011. Directors' Duties - Raising the Bar?. [Online] Available at: https://www.findlaw.com.au/articles/5136/directors-duties--raising-the-bar.aspx [Accessed 3 February 2017]. Corkery, J. F., 1987. Directors' Duties of Care, Skill and Diligence. In: Directors' Powers and Duties. Melbourne: Longman Cheshire, pp. 131-144. Daniels v Anderson (1995) 16 ACSR . Douglas, J., 2015. Directors' duty of care and diligence. [Online] Available at: https://legalvision.com.au/directors-duty-of-care-and-diligence/ Downie, A., 2011. The Centro Matter: ASIC v Healey [2011] FCA 717 and Breach of Director's Duties. [Online] Available at: https://www.the-civil-lawyer.net/2011/06/centro-matter-asic-v-healey-2011-fca.html [Accessed 3 February 2017]. Golding, G., 2012. Tightening the Screws on Directors: Care, Delegation and Reliance. UNSW Law Journal, 35(1), pp. 266-290. Hall Wilcox, 2015. Legal Obligations of Directors of Australian Companies. [Online] Available at: https://www.hallandwilcox.com.au/legal-obligations-of-directors-of-australian-companies/ [Accessed 3 February 2016]. Latimer, P., 2012. Australian Business Law. Sydney: CCH Australia Ltd. McCullough Robertson Lawyers, 2011. The Centro Decision - Impact on Directors' and Officers' Liability Insurance. Focus, 20 July, pp. 1-2. McCullough Robertson Lawyers, 2011. The Centro Eight- ASIC Turns up the Heat on Company Directors and Executives. Focus, 30 June, pp. 1-2. Norton Rose Fulbright, 2011. The Centro Decision - Directors as the 'Final Filter' of Corporate Financial Accounting. [Online] Available at: https://www.nortonrosefulbright.com/knowledge/publications/52803/the-centro-decision-directors-as-the-final-filter-of-corporate-financial-accounting [Accessed 3 February 2017]. Paolini, A., 2014. Research Handbook on Directors Duties. Cheltenham: Edward Elgar Publishing. Pearse Trust, 2011. ASIC v Healey and Others - A Must Read for Directors. [Online] Available at: https://www.pearse-trust.ie/blog/bid/78452/ASIC-v-Healey-and-Others-A-Must-Read-For-Directors [Accessed 3 February 2017]. Schenone, S., 2011. Duties and Responsibilities of Directors and Company Secretaries in New Zealand. 4th ed. s.l.: CCH. Walmsey, S. Puri, R., 2011. The Centro Decision - ASIC v Healey Ors [2011] FCA 717. [Online] Available at: https://www.jws.com.au/en/legal-updates-archive/item/198-the-centro-decision-asic-v-healey-ors-2011-fca-717 [Accessed 3 February 2017]. Wan, W. Y., 2015. Directors' Defence of Reliance on Professional Advisers under Anglo-Australian Law. Common Law World Review, 44(1), pp. 71-93. Worthington, S., 2016. Sealy and Worthington's Text, Cases and Materials in Company Law. 11th ed. Oxford: OUP.

Auditing Contemporary Accounting Research

Question: Discuss about the Auditing Contemporary Accounting Research. Answer: Introduction Auditing is the assessment of the books of accounts in order to ensure the future of any business entity. Audited assessments may not be pure and may be influenced by risks such as inherent. These risks are known as financial assessment risks which include control risk, inherent risk and detective risk. Various theories have been developed by financial frameworks to guide and help solve such risks at different financial review process stages. The scope of this paper contends to the review of inherent risk within a telecommunication company known as One.Tel Company. The paper further looks into various factors which may be the cause of accelerating rate of inherent risks as seen within the organization mentioned. There are other hypotheses such the area of going concern which has been discussed within the paper as well. What is inherent risk? Inherent risk is one of the assessment risks being experienced by the auditors during financial statement preparations of a given institution like one.tel. Inherent risks occurs as a result of fraud or oversights during financial report analysis (Menon and Williams 2010). This kind of risk may be controlled when various hypotheses and control measures are utilized accordingly. The risk is subject to accelerate and ranks high companies as a result of the various inherent factors discussed below. Inherent factors leading to increase of inherent risk at the financial report stages in teOne.tel Company according to the given report. Lack of enough directors to administration the company The geographical market separation influencing the company sales abilities Incompetency as a result of new recruitments on going in the company Influx of several companies joining telecommunication industry Newness of one.tel into the industry Stiff competition in the industry from other stable telephony providers Pressure on the company management Respective discussion of the above listed inherent factors The expansion in inherent risk in One.Tel Telecommunication Company may be as a result of the insufficiency of administration abilities by the directorate identities who are new to the framework. In the events of few individuals with numerous obligations the rate of an increased inherent risk always stands high as the personalities are more likely to make mistakes. One.Tel is working all around in the overall business sector. In the last trading period the association amassed a total of $M 678.2 from the arrangements in the overall business division. The association accumulated $M 429.4 from Australia, $ 144 million from the UK, France $ 15.1 million, $36.6 from Netherlands, $M 39.2 Hong Kong in conclusion $13.2 million from various parts of the world. This information shows the clumsiness on net offers of the association in the overall business segment (Al Nawaiseh and Jaber 2015). The association is a starting affiliation which infers new workforce enrollments who must grasp to the business structures of operations. Exactly when new characters are brought on board there is likely hood of oversights provoking extended inborn dangers. (New agents may be unfaithful to the evaluator to cover their idiocy inciting an extension in the intrinsic danger. There might be affectations for relationship to distort the budgetary report amplifying the inalienable risk. The motivations can be either from inside environment or the outside environment (Kerler and Brandon 2010). A valid example the shareholders' worth is extremely uncommon by virtue of One.Tel Telecommunication Company (Dusenbury et al. 2000). The Company has got shareholders' estimation of $M (365.6) which is seen to be abnormal. Such kind of recordings may be as result of longing for extended advantage by the association who may distort figures to procure a prize. Combinations in business and intense conditions would be foreseen to influence the inherent danger risk of a given substance like one.tel in the media transmission industry. The association is going up against strong competition from stable media transmission firms like Telstra owning 57% of the total supplies, Optus 31% and Vodafone owning 115 of whatever is left of the bits of the general business (Humphrey and Miller 2012). If there should be an occurrence of such firm competition, inalienable danger of little association joining the business revives at a higher speed. There is an inconceivable number littler scale transporters joining the business inciting an arrangement of compact supplier benefits and reduced expenses. The surge is as an eventual outcome of high competition, diminished earnings, expenses and low wage period per association inciting high inherent risk. The association has as of late joined the business in this way experiencing budgetary instability.it is exceptionally obvious that all the more consistent economies like that of Optus, Vodafone and Telstra are not slanted to dangers appeared differently in relation to various associations joining the systematic one. Less consistent economies attract high natural danger since there is nonattendance of business organization and operations inside a given industry inciting high characteristic danger. The gathering or the commentator evaluates the variables of the threats through sensible appraisal Evaluation of risk results into two sorts of threats which for this circumstance is an inherent risk. The recognized risk is a section of material misrepresentation of the cash related verbalization motivated by a couple of variables (Wilks and Zimbelman 2004). Variables relating to deception can be recognized in the midst of procedure change process while those component that prompts an expansion in inborn as a result of blackmail are identifiable by method for the AU demonstration 316. The above recorded elements coming as a consequence of misrepresentation can be distinguished and oversaw at a lower preliminaries of appraisal. Components prompting an expansion in inherent risk at the bookkeeping level The nature of liabilities Reduced rate of flow income High rate of share issuing High debt value Several abnormal transaction for the period ended Weakness of advantages for misfortune or misappropriation Conclusion required in deciding record parities Discussion of the above factors As demonstrated by the books of records given the association is running more on liabilities than the advantages. In the event that the Ratio of liabilities to assets is high the rate of natural dangers climbs (Elder and Allen 2003). One.tel Company is experiencing wild augmentation in liabilities as showed in the books of record, current liabilities has extended in terms of finance in the late one year provoking an extended innate danger at the accounting level. This has been as an outcome of a development in the game plans, measure of got capita and the records payable. There is diminished rate of pay into the association provoking an extended characteristic danger. The abnormality of the figures in the receivables have reduced and the association needs to examine it from the edges (Allen et al.2006). The rate of pay period through the receivables has reduced from small amount into a higher value in the last ended period. The rate of an expansion in the characteristic danger is high at the bookkeeping level when we make exchanges which require new preparing. In case of such case the evaluator of a business substance like One.Tel Telecommunication Company may commit errors prompting an expansion in inalienable danger. The benefit report gave indicates high rate of shareholders being brought into the association. This has been seen through the development in shareholders' quality. The association has issued an extensive measure of shares to get wage for the operations. Right when there is high shares being issued it happens into an extended inalienable rate at the books of records (Blay et al 2011). The rate of association borrowings have enlivened in the last trading period. Right when an association is chipping away at the reason of commitments the rate of inherent danger in the books of records upturns. The event of tremendous exchanges the middle of the exchanging day and age has a conceivable expansion the inalienable danger. Precisely when another exchange happens unequivocally towards the end of an exchanging period, there are high odds of slips in the books of records. Such different operations might be a test to the examiner and agents and may understand high characteristic hazard (Haron et al 2009). Right when an exchange is attempting, analysts may perform wrong strategy in the records in this way increment the trademark danger. A valid example the advantage and incident record given in the occasion that shows bizarre trade which has exceedingly extended. These peculiar trades may be as a delayed consequence of fakes achieved by weight from various environment. In the event that the arrangement amid an exchanging period is convoluted, it is likely that there will be an expansion in innate danger. Regarding One.Tel Telecommunication Company, the books of records shows complex sorts of exchanges, for example, the shareholder's disparity, stores and profit might be hard to comprehend prompting high innate danger at the bookkeeping level. The sort of judgment made by the evaluator amid the way toward adjusting of reviewers is prone to impact characteristic danger. In the event that the record report on a given exchange might be actuated by a few variables inside the organization (Gaganis and Pasiouras 2007). These judgments can be influenced by the sort of operation and the administration weight. The weakness of the organization's advantages for misfortune or misappropriations prompts expanded intrinsic danger at the bookkeeping level. Amid the exchange passages, it is apparent that straightforward misappropriation of a benefit result into quickened characteristic danger. Case in point taking scattering of an advantage for obligation may prompt an expansion in the innate danger (Herd and Lavelle 2014). Valuation of the area of going concern as either low, high or medium There are several factor according the given financial report leading to the area of going concern. The area of going concern is based on accounting and audit report from the previous trading period. The financial reports from the company indicates the rate instability the company is experiencing. The companys books of accounts indicates an increased rate of borrowings performed by the organization in the recent trading period (Carson et al. 2012.). It is clear from the above trade that the rate of going concern depends more on kind of benefit and misfortunes in the money related declaration. If there should be an occurrence of low benefit era, the nature of going concern stays low, when the sorts of a benefit is medium or high, the going concern is either low or high. Intrinsic danger in the association's cash related clarification is regarded to be high since the association works in a significantly controlled industry (Sanni and Zainab 2011). Regardless of the way that the suspici on may be correct, it is hard to coordinate the going with conditions that may provoke the going use of a going concern. The method for a running stress in run with depends on upon the utilization of the stipulated cash related framework. The way of productivity of a business impacts the way of the going worry as either low, medium or high. The organization is additionally having refundable shares of from the shareholders value. Regardless this clarifies the present circumstance the business and the need of going concern. One.tel media transmission organization chiefs and the review group ought to clarify conclusions whether to leave the business or continue in light of the going concern (Normah 1999). The area of going concern in this case is seen to be high based on the following issues. The company is running in debts, there is high rate of risks, poor management as a result few board managers and high share being issued to the public. Conclusion Financial risk assessment is very important for the growth of any given business entity. It is clear as seen in the above discussion shows the relevance of the Nature of auditing performed in the business. The company is clearly running in negative indicating the need for the application of the area of going concern (Zainab et al. 2013). It is upon the audit team and the company board of management to make decision based on the area of going concern. The area of going concern is one of the hypotheses developed by GAAP frameworks. The area of going concern applied to any business depends on the relation of profit and losses. When the company is running at a loss the rate of going concern becomes proportionally high. References Zainab, A.N., Sanni, S.A., Edzan, N.N. and Koh, A.P., 2013. Auditing scholarly journals published in Malaysia and assessing their visibility. arXiv preprint arXiv:1301.5379. Normah, B., 1999, August. Malaysian serials: issues and problems. In 65th IFLA Council and General Conference, Bangkok, Thailand (pp. 1-8). Sanni, S.A. and Zainab, A.N., 2011. Evaluating the influence of a medical journal using Google Scholar. Learned Publishing, 24(2), pp.145-154. Carson, E., Fargher, N.L., Geiger, M.A., Lennox, C.S., Raghunandan, K. and Willekens, M., 2012. Audit reporting for going-concern uncertainty: A research synthesis. Auditing: A Journal of Practice Theory, 32(sp1), pp.353-384. Menon, K. and Williams, D.D., 2010. Investor reaction to going concern audit reports. The Accounting Review, 85(6), pp.2075-2105. Blay, A.D., Geiger, M.A. and North, D.S., 2011. The auditor's going-concern opinion as a communication of risk. Auditing: A Journal of Practice Theory, 30(2), pp.77-102. Feldmann, D.A. and Read, W.J., 2010. Auditor conservatism after Enron. Auditing: A Journal of Practice Theory, 29(1), pp.267-278. Geiger, M.A. and Rama, D.V., 2006. Audit firm size and going-concern reporting accuracy. Accounting Horizons, 20(1), pp.1-17. Geiger, M.A. and Rama, D.V., 2006. Audit firm size and going-concern reporting accuracy. Accounting Horizons, 20(1), pp.1-17. Haron, H., Hartadi, B., Ansari, M. and Ismail, I., 2009. Factors influencing auditors going concern opinion. Asian Academy of Management Journal, 14(1), pp.1-19. Gaganis, C. and Pasiouras, F., 2007. A multivariate analysis of the determinants of auditors' opinions on Asian banks. Managerial Auditing Journal, 22(3), pp.268-287. O'Reilly, D.M., 2009. Do investors perceive the going-concern opinion as useful for pricing stocks?. Managerial Auditing Journal, 25(1), pp.4-16. Fitriani, L. and Sudarsono, D.T.E., 2007. Disclosure Index laporan Tahunan 2004 Emiten di BEJ. PESAT, Gunadarma, 2. Allen, R.D., Hermanson, D.R., Kozloski, T.M. and Ramsay, R.J., 2006. Auditor risk assessment: Insights from the academic literature. Accounting Horizons, 20(2), pp.157-177. Elder, R.J. and Allen, R.D., 2003. A longitudinal field investigation of auditor risk assessments and sample size decisions. The Accounting Review, 78(4), pp.983-1002. Wilks, T.J. and Zimbelman, M.F., 2004. Decomposition of Fraudà ¢Ã¢â€š ¬Ã‚ Risk Assessments and Auditors' Sensitivity to Fraud Cues. Contemporary Accounting Research, 21(3), pp.719-745. Dusenbury, R.B., Reimers, J.L. and Wheeler, S.W., 2000. The audit risk model: An empirical test for conditional dependencies among assessed component risks. Auditing: A Journal of Practice Theory, 19(2), pp.105-117. Mock, T.J. and Wright, A., 1993. An exploratory study of auditors' evidential planning judgments. Auditing, 12(2), p.39.

A Thousand Acres essays

A Thousand Acres essays As the story starts to unfold in A Thousand Acres, the deception and betrayal between the father and his daughters becomes the main focus of the film. In the movie, a well respected Iowa farmer by the name of Larry Cook is ready to retire and hes handing down his entire farm to his three daughters, Ginny, Rose, and Caroline. This is about as far as the film gets before the deception and betrayal comes into play. When Caroline, who was supposedly Daddys favorite, told her father she wanted to think over the division before she agreed was totally cut out from it all. Larry wanted nothing at all to do with her because she questioned him. This is where the film starts to make note that Larry isnt the nicest man and that he may have some underlying problems. A Thousand Acres covers a lot of ground, and raises numerous questions about the demons that some families keep buried (Berardinelli). After Larrys betrayal of Caroline, it becomes more and more apparent that hes losing his mind. He starts making accusations that Rose and Ginny are just trying to take his land from him. Hes also making poor decisions like drinking and driving. This is one way the writer really portrays Iowa to an exact T. Iowa farmers drink and drive around on gravel roads almost as if it were an acceptable part of life, which is why, in the movie, nobody is concerned. That is until he wrecks his truck. This is about the time in the film where the viewer learns of the incest between Larry, Ginny, and Rose. After a large dispute out in the rain between Larry, Rose, Ginny, and their husbands, Rose and Ginny are sitting in the dark when Rose brings up how their father used to go into Ginnys room when she was a young teen and have sex with her. Around the time she was 15, he left her room and went to 13 year old Roses room. Rose claims she let him come in until she was 16 so h ...

VOICE OF DEMOCRACY essays

VOICE OF DEMOCRACY essays Americas role for the next century will be to stay economically stable. That will be no problem unless something disastrous will happen like another Stock Market crash or Nuclear Holocaust. America in the future also needs to increase peace to every nation in the world. America needs to get rid of all poverty and increase education. To stay economically stable, America needs to keep trade relations and keep wars out of our future. We need to keep the national dept. low and keep all Americans income as high as possible. Another way to be economically stable is to keep American businesses on top of the national competition, mainly in electronics considering it is the electronic age now as well as the future. If we can keep the businesses on top of every international competition then we will keep our economy going. If the Stock Market crashes then we will have to tighten the buckle and get back on track. If there is a Nuclear War then we will have to recover and go on with the way things were. The next century for America holds many nbew opportunitys for peace. America has always played a role as peace makers and always looking for what is right. To increase our space explorations we need to make a joint effor with other countries to make a super space station and hig tech explorations. If we do not increase our peace offerings to placees like Russia and Japan then we will nerver e as high tech as we could be. America has always been known for its low poverty levels, but we still have homeless and uneducated citizens who need help. In the America of the 30th Century we need to help every citizen to make it in the world. Wheather it is to make an education cheaper or more homes for the poor. If we can help every individual then it will help america as a In conclusion, I think America needs to play a more peaceful and loving ...

Debate Over Airport Privatization Essay Example | Topics and Well Written Essays - 2250 words

Debate Over Airport Privatization - Essay Example New airport facilities can be added by such a principal means. Historical roots depict that major highways, bridges, tunnels and telecommunication systems have been developed and progressed by the means of privatization. Theoretical researches reveal that airport privatization has become a world-wide trend since the year 1987 and the early-on of 1994 marked the agenda for privatization of airports for more than 50 countries of the world (Poole, 1994). The general concept for such an approach in developed countries includes the principal need of major modernization and expansion and the utilization of long-term franchise so as to possess private sector finance which would commence with the development of new terminals, or entirely new airports. It is an interesting fact of concern that airports are increasingly considered as enterprises rather than public services and around the world, private sector for airport management and development is being acquired by the government of both developed and developing nations. In order to improvise the airport operations, the municipal and state governments of a country can utilize the private sector in various ways. The simplest form of privatization comprises of contracting out the management of an airport on a short-term lease or sale. On the other hand, in order to generate new facilitations or entirely new airports, the private sector can be provided with a long-term franchise to finance, design and operate such facilities. In this way, military bases can be transformed in to commercial airports as well. Objectives of airport privatization are inclusive of a major factor which accentuates in its interest which is government fiscal stress. Since, government of the developing count ries often lack the resources in order to develop new airport capacities, they involve private capital and expertise in their arena. Developed countries view airports as assets and businesses as they are more of non-core functions which can better be managed as businesses by private sector enterprises. However, airport privatization brings about the abdicating control of the government over the management of airports in the private sectors which is quite contemporary, or in other words, deregulatory to some extent. The transfer of an airport, through management or lease, to the private sector is subject to public interest in the airport and its services. Profit-obtainment from a service center is potentially foreseen as a non-profit governmental operation. The funds are harmonized from the pay for the privatization of public airports, the sources of which include the end users and the customers. It, as a whole, criticizes the merits of privatization of the airports as it provides an obstacle to the concept of privatization from both the users and providers of the air transportation services. One of the

If Overestimation of Performance is Common, Management Attempts to Assignment - 1

If Overestimation of Performance is Common, Management Attempts to Introduce Benchmarking Procedures are Likely to Meet with Employee Resistance - Assignment Example Perceived weakness in performance would, therefore, be an important motivator for staff to support activities, such as benchmarking, that is geared towards improving their performance. Furthermore, when we analyze the statement, management attempt to introduce benchmarking procedures what comes to mind is that the organization in its current state lacks these procedures. This essentially implies that management will be engaging in a change effort. Change efforts are done under many banners. The basic goal of introducing benchmarking procedures is to make fundamental changes in how the business is conducted in order to help it cope with new, more challenging market environments. Kotter’s statement confirms this to be a change effort. For this reason, we find the need to discuss this question from two viewpoints: firstly as a Lake Wobegon effect challenge and secondly as a change effort challenge. As the Lake Wobegon effect challenge, this problem is a double whammy. For starters, management is faced with the challenge of transforming employee perception on the organization and secondly, the tool that they think is most appropriate for bringing a solution faces the resistance of adoption because of the very perception that they seek to reign in. This is the dilemma. Let us try to break down the problem into more comprehensible parts. First, employees perceive that their performance is better than it is in reality. This means that they will not see the reason to implement any new performance enhancing procedure such as benchmarking. Second, management has identified that there is indeed a problem that has to begin with changing employee perception. Management believes benchmarking is the way to go and would like to implement it. Third, employees – in our deduced scenario – resist managements push to implement benchmarking since they are convinced that what they ar e currently doing is already better than their peers.

Comparative Financial Analysis of Target Corporation and JC Penney Term Paper

Comparative Financial Analysis of Target Corporation and JC Penney - Term Paper Example JC Penney likewise had its beginnings in a small dry goods store in 1902 (JC Penney, 2011). Target operates some 1,750 stores within the United States; JC Penney also operated some 2,000 stores at one time, although some have since then been closed due to the economic crisis. Sources of data Data for this study were sourced from the companies’ respective 10-K reports and annual stockholders’ reports from the years 2005 to 2010,and from thence sourced the needed financial statements (income statement and balance sheet), and their accompanying notes and explanations. The reports and additional data were downloaded from the companies’ official websites. Capital accounts: Market and book values The spreadsheets attached to this report show the six-year comparative balance sheets and income statement as they originally appear; as common size, per cent of assets balance sheet and per cent of sales income statement; and then as ratios to the accounts for 2005, the desig nated base year. Then a spread sheet shows the comparative financial ratios computed for the two companies, indicating liquidity, activity, debt, profitability, and per share ratios. For the capital accounts, the most recent per share valuation figures, which are drawn from the spread sheets, are as follows: Indicator Target JC Penney Earnings per share (EPS) $4.03 $1.64 Book value per share (BVPS) $21.99 $22.94 Market price per share (MPS) $44.09 $29.17 Price to earnings ratio (PER) 10.78 X 17.8 X Price to book value (PBV) 2.0 X 1.27 X Dividends per share $0.92 $0.80 Payout ratio 23 % 50 % Data sources: JC Penney 2010 10-K Report; Target 2010 Annual Report From these figures, it is apparent that the two companies have nearly identical book value per share, but significantly different EPS. Target’s EPS is nearly three times that of JC Penney, and in that sense it is more profitable for the shareholders. This higher profitability makes Target more attractive to investors, so i ts market price is considerably higher (Cooper & Argyris, 1998:505; Lee & Lee, 2006:176; De Pamphilis, 2009:292). Target may have a higher price to book value (PBV) and therefore appears more expensive than JC Penney in this regard, but based on PER Target is still cheaper at only 10 times, compared to JC Penney’s nearly 18 times. Target also gives out a higher cash dividend per share, even though payout ratio is smaller and more earnings are being retained in the company. Fixed and non-current assets The balance sheets show that Target’s assets are more than two times that of JC Penney although they have roughly the same number of outlets. The common-size balance sheets show that Target’s current assets average only 40% of the total assets, while JC Penney’s current assets average 50% of its total assets. This does not necessarily mean that JC Penney is under-invested and holds too much liquidity. The sales figures show that JC Penney is only undertaking one-third the business of Target, therefore it may need a greater proportion of its assets for working capital and to bankroll the inventory turnover. Target appears to be operating more efficiently than JC Penney, devoting a lower proportion of its assets to generate a higher volume of sales. Both companies have a measure of goodwill and intangible assets, although their fair values exceed their carrying value. Deferred tax accounts and tax

Principles of Effective Offender Intervention

Principles of Effective Offender Intervention Introduction From way back in history, the process of correcting those who were believed to be wrong in a way or another was practiced. Communities are guided by certain morals, and whenever one goes against the morals, it is believed that the person might have a problem and it is only good to deal with the problem before it escalates. People are different; whereas there are people who can change by just being advised to do so, there are some who need intense programs to change. Correcting young ones so that they can be part and parcel of the bigger community is a process that must be guided by principles. The four principles are meant to intervene and help the targeted persons to be better people in the society. The four principles of intervention There are four different principles of intervention that are used in making sure that some of the young law offenders are helped to become better people in the society (Guevara, 2009). The four principles are more in a sequence because one must follow the other if good results are to be achieved. Effecting one principle in the absence of the previous might produce different results which might be opposite of the expectations of the community or the program. For a lot of years, the four principles have been used in many correction facilities, and they have produced tremendous results. Risk principle Offenders are divided into different groups as far as risk is concerned; low-risk and high-risk offenders. Low-risk offenders are offenders who do not pose a great threat to the community as well as to themselves. When it comes to such offenders, all that is needed is minimal coaching or minimal intervention for them to fit back into the community. For example, an offender who has been involved in a quarreling that resulted in violence is not a high-risk offender. The reason for stating so is because the offender might have acted out of frustration but not under motivation or passion. Therefore, the attention and resources needed to bring back such a person on the track are minimal. At the same time, the person is not a threat to him or her life. The second group consists of high-risk offenders. These types of offenders are not only a risk to the community but themselves. When it comes to attending to them, a lot of resources are required. The interventions used must also be in line with their needs. Risk principle calls for prioritization of resources in line with the risk of the offender. For example, a person who possesses a risk to a larger community cannot be treated like a person who possesses lesser risk. The methods of intervention used on a riskier person also differ in some ways (TJRC, 2016). The principle helps in addressing cases with all the seriousness they deserve. The principle is effective and reasonable. For example, a person who is used to involving him or herself in criminal activities needs a more effective intervention method. The reason for doing so is because a lesser effective method cannot help him or her. The intervention methods are not meant to punish but to change. Allowing continuous offenders back to the community with the expectations that he or she will change is not helping him or her in any way. Since he or she has proven to be risky, it is only good to make sure that more resources are used so as to make the intervention effective. Need principle Need principle states that the needs of the offenders should be considered in any given intervention process. The need might be direct or indirect. Some people are forced by circumstances to engage in criminal activities. In most cases, they lack a thing or two, and that is why they end up doing what they do. What they lack is what is referred to as a need. The principle states that for a person not to go back to his or her old ways, the need must be satisfied. A person might end up being a criminal for lack of education and knowledge on certain issues. Taking that person through a correctional facility and bringing him or her back to the society only solves part of the problem. Therefore, it is important to enlighten that person on the issues that he or she might not be familiar with so that he or she cannot go back to his or her old ways. The environment, on the other hand, can influence one towards committing a crime. When the environment of the offender is not looked into, the offender is taken back to the same risks after corrections, and that might not bear the expected results. For example, if a person lives in an environment where people live by the gun and earn from illegal activities, taking him or her back to such an environment is exposing him or her to risks (Edward Jennifer, 2004). The principle is effective because it tries to look for a lasting solution in the process of making sure that an offender gains from an intervention program. Helping people and not looking at what they lacked for them to commit a crime is dealing with the problem partially. The best way to make sure that criminals do not get back to their old ways is dealing with the causes, and that means looking at the needs and satisfying them. Treatment principle The treatment principle emphasizes the need to look for the most effective treatment strategy. The principle concentrates much on the high-risk offenders. An offender must go through some effective treatments for him or her to be accepted back in the community. Factors to consider when it comes to treatment are the type of treatment, the interval of treatment, and the length of the treatment. A person who is of great danger to the community must be treated in a different way. Though the main reason why the offender is taken in a correctional facility is not to be punished, a high-risk offender must be treated in a way that he or she will never admire hurting himself or others. The treatment must be intense and if the need calls it must take a longer period so that he or she can be ready to fit in the community after the treatment. There are different offenders, and they are motivated to engaging in criminal activities by different reasons. Some are criminals because they are failed by their brain. In such cases, the treatment must be special and different from others. Regardless of him being a high-risk offender, the person also has a mental health condition. In such a case, double care is required (Guevara, 2009). The facility or the parties involved might choose to provide both psychiatric help and at the same time correctional help. By so doing, the offender gets his or her sanity back and is helped to avoid getting into trouble shortly. The principle is effective because it considers the nature of the offender. By considering the nature of the offender, it becomes easy to help a person with a series of problems by knowing the best way to treat him or her. Fidelity principle Fidelity principle states that the program must be run by people who follow the rule of law and whose integrity cannot be compromised (Edward Jennifer, 2004). It is important to know that the offenders need help and there is no way of doing it better than taking them through a program. The person running the program should leave the responsibility of correcting to the service providers, and he or she should not be bribed to grant favors to some of the law offenders. The principle is effective because it makes sure that any offender goes through the program and benefits from it without any shortcut. Conclusion The four principles guide offenders towards using the most effective ways in gaining help. At the same time, they guide the service providers towards being effective and taking care of the offenders on humane ways of doing things. Though the four principles have dwelt so much on programs and services, their main aim is to help the law offenders so that they can be people who can be accepted back into the community. They are in place to make sure that most humane means are used to correct the offenders. At the same time, they make sure that each offender is provided with help that is suitable to his or her behaviors. References Edward, J. Jennifer, A. (2004). Applying the principles of effective intervention to juvenilecorrectional programs. Retrieved from http://cjonline.uc.edu/resources/criminal-justice Research/applying-the-principles-of-effective-intervention-to-juvenile-correctional programs/ Guevara, M. (2009). Implementing Evidence-Based Policy and Practice in Community Corrections, 2 Nd Edition. Retrieved from http://b.3cdn.net/crjustice/92d6c98633d1448ff0_cfm6iiq27.pdf The Justice Research Center. (2016). What Works Principles. Retrieved fromhttp://thejrc.com/wwi-principles.asp

Dressing Appropriately :: essays research papers

Dressing Appropriately In high school, there were the preps, the skaters, and the burnouts, just to name a few. These groups were not only distinguished by the way they acted, but they were also differentiated by the way they dressed. By looking at a particular student in high school, one could probably infer the clique he/she belonged to. So if a person had on big, baggy pants with a oversized T-shirt that had a Etnies logo on it, one could conclude that person to be a skater and if a person had on khakis and a gap sweater, one could deduce that person to be a prep. What is a possible reason that high school students dress as they do? They might use clothing style as a sense of identity(clique) or maybe to stand out among others. I too, in high school, wanted to be included in a group and stand out. During my freshman and sophomore years, I became a skater. Also during this time in my life, my father introduced me to the game of golf. He bought me membership at an exclusive country club and the first day I went I was rejected obviously because of the way I dressed. Private golf courses require a strict rules of dress which is mandatory: khakis and a collared-shirt. Ironically and unknowingly I had gone to the course with an almost exact opposite of the requirements: 38" wide jean pants and an XXL t-shirt! Embarrassed by the situation, I began to realize that there are certain modes of dress appropriate for different occasions. Now, as a college student, I try to dress in a more stylish, refined manner because I want to stand out as a sophisticated student of a distinguished university. Reflecting on my past, I feel it is important to dress to meet the occasion. To clarify, I don’t want to make the mistake off going to a golf course with skateboarding clothes again . Dressing Appropriately :: essays research papers Dressing Appropriately In high school, there were the preps, the skaters, and the burnouts, just to name a few. These groups were not only distinguished by the way they acted, but they were also differentiated by the way they dressed. By looking at a particular student in high school, one could probably infer the clique he/she belonged to. So if a person had on big, baggy pants with a oversized T-shirt that had a Etnies logo on it, one could conclude that person to be a skater and if a person had on khakis and a gap sweater, one could deduce that person to be a prep. What is a possible reason that high school students dress as they do? They might use clothing style as a sense of identity(clique) or maybe to stand out among others. I too, in high school, wanted to be included in a group and stand out. During my freshman and sophomore years, I became a skater. Also during this time in my life, my father introduced me to the game of golf. He bought me membership at an exclusive country club and the first day I went I was rejected obviously because of the way I dressed. Private golf courses require a strict rules of dress which is mandatory: khakis and a collared-shirt. Ironically and unknowingly I had gone to the course with an almost exact opposite of the requirements: 38" wide jean pants and an XXL t-shirt! Embarrassed by the situation, I began to realize that there are certain modes of dress appropriate for different occasions. Now, as a college student, I try to dress in a more stylish, refined manner because I want to stand out as a sophisticated student of a distinguished university. Reflecting on my past, I feel it is important to dress to meet the occasion. To clarify, I don’t want to make the mistake off going to a golf course with skateboarding clothes again .

Good Mothers Bad Gang

Anita Anderson Dr. Mike Calvert Teenage Wasteland 18, July 2011 Good Mom/Bad Gang Kids on the street, parents that don’t care, looking for a sense of family or belonging; do you see a child at risk? While in some cases this may be true, in many instances this is not the case. In her article â€Å"Mothers, Sons, and The Gangs† Susan Horton tells of three different gang members and their families. Although the families had different backgrounds, beliefs, and techniques they all shared in common sons who were gang members. They are mothers who care but have to face alone the battle of raising their sons in a community lost to gangs. In Horton's article we are introduced to three different families whose sons are involved with gangs. Teresa Rodriguez who still feels foreign and timid about the culture of America. Maggie Garcia who was raised in the same neighborhood as her son and believes that loyalty to the neighborhood is just and understandable. Gayle Thomas Kary, because of financial struggles was thrown into the gang community and fought her best to save her son. These young men were all minors living in a society pressured by gang affiliation. Although their homes had loving mothers their gangs had friends, boldness, acceptance, and a way of life. â€Å"There may be several deep-seated, underling motives for joining gangs: â€Å"Those who join gangs are struggling with the classic, desperate needs of adolescence: for the end of childhood; for acceptance as an adult; for sexual, social and economic identity; for status and success; for respect and a sense of belonging†. Sheldon, Tracy, Brown 77) Not all of these aspects are apparent in gang members but at least one is. In Teresa Rodriguez's case her son at thirteen unbeknown to her belonged to the gang Sur 13. Because of his boldness he was shot and the family home has been victim to drive-bys ever since. The bullet missed his heart and fortunately he survived. Still he did not learn his lesson and claimed that he did not care if he died. Finally his mother threatened to send him to l ive in Mexico if he continued to go out. â€Å"He did not want that, so he stayed inside. But that has not stopped him from dressing or acting like a member of the Sur 13. After the incident of the shooting Rodriguez also found out that all three of her older sons were part of gangs. Her 16-year-old threw away his cholo clothes right when he heard about his brother. He had not been with the gang since then. The two older boys are very repentant, but it is the father had always left rearing the children to the mother he did not have a strong, active, male role model. So, perhaps he felt as if he had no other alternatives. Maggie Garcia also has a son who is a gang member but her view and approach to her son’s affiliation is very different. She was raised in the same neighborhood as she raised her son in; she understands how much the neighborhood could mean. During school her son got into a fight with a rival gang member because each claimed a different neighborhood. Her son was expelled and she felt the principal at his school was upset because my son had stated that he would die for his neighborhood, but if he had said that if he would have died for his country, the principal probably would have given him an award. This mom understood that the danger in the inter-neighborhood conflicts that her son gets into because other family members have been lost to such conflicts. Sadly this is not enough for her to forbid her son from being with his friends. She feels that by doings so would be like her son telling her not to be with her friends. Garcia follows similar problems as the Rodriguez family; she mentions her history and connection to the neighborhood. In this story the father is also absent and the mother supports her son and find it difficult to believe that her son is wrong. She does not have a bad relationship with her son but he receives no discipline or clear-cut parameters from her. She seems to feel that he is loyal to his friends and at times perhaps takes his loyalty a little too far. Garcia seems to adopt the â€Å"boys will be boys† attitude and does not want to believe that her son may be committing crimes or may be with the wrong crowd or may be in a gang. When he was arrested she insisted that he was just in the wrong place at the wrong time. She could not accept that maybe he is doing wrong and that he should have known better than to be in such situations. She tells him to stay out of the fire but her words are not strong enough to keep him out. Although she is not a bad mother, she is not giving her son reason to stay out of gangs. Because she could no longer afford to live in a community where her son had more opportunities and alternatives her son joined the only other thing, the gangs. The story of Gayle Thomas Kary may be the saddest one because the she tried everything and when she finally thought she succeeded her son, Jamee, died as a result of gang violence. Kary did more than the others, discipline, rules and action. When she caught her son cutting up soap to look like cocaine she sent him to his father, perhaps a change of venue would make the difference, but three weeks later, his dad sent him back because he couldn’t control him. She tried reasoning with him telling him â€Å"†¦ fast life goes fast. â€Å"(Horton) When he was arrested for possession of cocaine Kary was highly relieved but to her disappointment he was let out on probation. Kary refused to accept him and he was sentenced to juvenile hall and a youth camp. When he was released he had a probation officer Kary could turn to. Jamee was tired of life on the streets and his probation officer convinced him to turn himself into a youth facility away from Los Angeles. Finally things were turning around and he really seemed to have changed. He was like the child she use to know Unfortunately when she let him go out with his friends to get something to eat he was shot and died. She did everything she could but still she could not save her son's life. Unlike the other two mothers Kary was really able to turn her son Jamee around. She finally made him understand and she can say that his death was an accident. He was not just a number or a statistic of children lost to gang violence. Although, these mothers were, loving they could not help that a major factor was absent from their son’s lives, their fathers. The fathers may have been there but none seemed to take an active role in their children's lives. Parents can make a difference in their children's lives but many times they cannot do it alone. Gangs are not only the problem of the parents it is a problem of society. â€Å"To prevent gangs, society, police, and parents have to work together to keep gangs out of neighborhoods and also to address the existing gang problem†. Ojile) It may be easier to blame the parents but the truth is the parents are not only the ones to blame. We have to realize that in a society where gangs are the neighborhood it could be our son, our daughter, our nephew, etc. that is lost in the gangs. Works Cited Horton, Susan. â€Å"Mother's, Son's and the Gangs. † Los Angeles Times 16 Oct. 19 88. Print. Ojile, Todd. â€Å"Gang Activity in Wichita. † Teenage Wasteland. Baker University, Wichita Campus, Wichita, Kansas. 25 July 2011. Lecture. Shelden, Randall G. , Sharon K. Tracy, and William B. Brown. Youth Gangs in American Society. Belmont, CA: Thomson/Wadsworth, 2004. Print.

Strong Response

Preserving What We’re Losing If you don’t like something the way it is, or if you think you can make it better, then you can change it. That is the mindset of most Americans. Not only do we apply this to our working and family life, but we also apply it to things that I believe should not be changed; nature and the wildlife around us. Why must we â€Å"fix† what is already set in harmony to our benefit? Edward Abbey explores this idea in his essay, â€Å"The Damnation of a Canyon,† published in Beyond the Wall: Essays from the Outside in 1971. In this piece he attempts to communicate with others who have either a small or great interest in the environment and to spark their concern to a greater level. Abbey talks about his disapproval towards technological changes on a place that was once a natural habitat, the Glen Canyon. He believes that the canyon he has grown to love over the years has been robbed of its wild beauty. He points out that even though the scenery is still pleasing to the eye, it is not the same if you look closely. He implies not only has the aesthetics been changed but access to Lake Powell only allows people in who can afford it. Also, because of the changes in the way the water moves, only motor boats are allowed and these are extremely expensive to rent. Before the dam was built all you needed was a raft to float down the river in and a friend to join yo u. A guide was not needed because there was no danger, just calm sailing. Abbey ends with an idea that he believes would make for a better environment. He would like there to be alternative ways for producing energy rather than dams. He believes that if the dam were to be taken out of Glen Canyon it would only be a matter of time before it would begin to restore itself back to its natural beauty. Even though Edward Abbey’s solution is far fetched and his points are a bit repetitive, I believe that this is an issue that cannot be ignored and people need to un... Strong Response Free Essays on Summary / Strong Response Preserving What We’re Losing If you don’t like something the way it is, or if you think you can make it better, then you can change it. That is the mindset of most Americans. Not only do we apply this to our working and family life, but we also apply it to things that I believe should not be changed; nature and the wildlife around us. Why must we â€Å"fix† what is already set in harmony to our benefit? Edward Abbey explores this idea in his essay, â€Å"The Damnation of a Canyon,† published in Beyond the Wall: Essays from the Outside in 1971. In this piece he attempts to communicate with others who have either a small or great interest in the environment and to spark their concern to a greater level. Abbey talks about his disapproval towards technological changes on a place that was once a natural habitat, the Glen Canyon. He believes that the canyon he has grown to love over the years has been robbed of its wild beauty. He points out that even though the scenery is still pleasing to the eye, it is not the same if you look closely. He implies not only has the aesthetics been changed but access to Lake Powell only allows people in who can afford it. Also, because of the changes in the way the water moves, only motor boats are allowed and these are extremely expensive to rent. Before the dam was built all you needed was a raft to float down the river in and a friend to join yo u. A guide was not needed because there was no danger, just calm sailing. Abbey ends with an idea that he believes would make for a better environment. He would like there to be alternative ways for producing energy rather than dams. He believes that if the dam were to be taken out of Glen Canyon it would only be a matter of time before it would begin to restore itself back to its natural beauty. Even though Edward Abbey’s solution is far fetched and his points are a bit repetitive, I believe that this is an issue that cannot be ignored and people need to un...

The Odyssey Themes and Literary Devices

The Odyssey Themes and Literary Devices The Odyssey, Homers epic poem about the decades-long journey of Trojan War hero Odysseus, includes themes such as cunning vs. strength, coming of age, and order vs. disorder. These themes are conveyed with the use of a few key literary devices, including poems-within-a-poem and flashback narration. Cunning vs. Strength Unlike Achilles, the Iliad protagonist known for his physical strength and prowess in combat, Odysseus earns his victories through trickery and cunning. Odysseus’ cleverness is reinforced throughout the text by the use of epithets accompanying his name. These epithets and their translations include: Polymetis: of many counselsPolymekhanos: many-devicedPolytropos: of many waysPolyphron: many-minded The triumph of cunning over strength is a running theme in Odysseus’ journey. In Book XIV, he escapes the cyclops Polyphemus with his words rather than a traditional duel. In Book XIII, he disguises himself as a beggar in order to probe the faithfulness of the members of his court. When he listens to the bard Demodocus retell the end of the Trojan war and the building of the Trojan horse- his own invention in Book VIII- he weeps â€Å"like a woman,† realizing how dangerous his own cunning is. What’s more, Odysseus’ cunning is almost matched by the intelligence of his wife Penelope, who manages to remain loyal to Odysseus and stave off her suitors in his absence through trickery and cunning. Spiritual Growth and Coming of Age The first four books of The Odyssey, known as Telemacheia, follow Odysseus’ son Telemachus. Odysseus has been absent from Ithaca for two decades, and Telemachus sets out to uncover his father’s whereabouts. Telemachus is on the brink of manhood and has very little authority in his own household, as he is besieged by suitors seeking to marry his mother and rule over Ithaca. However, thanks to Athena, who teaches him how to behave among Greek leaders and takes him to visit Pylos and Sparta, Telemachus gains maturity and knowledge. Ultimately, he is able to serve as an ally to his father when it comes time to slay the suitors, a scene that demonstrates how much Telemachus has matured. Odysseus undergoes spiritual growth of his own, becoming less brash and more thoughtful over the course of his journey. At the start of his journey, Odysseus is brash, overconfident, and taunting, which results in numerous obstacles and delays. By the time he returns home, Odysseus has become more cautious and careful. Order vs. Disorder In The Odyssey, order and chaos are represented by the contrasting settings.   The island of Ithaca is orderly and â€Å"civilized†: inhabitants tend to animals and agriculture, engage in handiwork, and lead orderly lives. By contrast, in the worlds visited by Odysseus during his travels, plants grow freely and the inhabitants eat anything that they find. These worlds are depicted as obstacles to Odysseus journey, threatening prevent him from returning home, Consider the Lotus Eaters, who spend their days languorously eating lotus plants; the lotus plants cause a sleepy apathy that Odysseus and his crew have to escape. Another example is the cyclops Polyphemus. Polyphemus, who reaped the fruits of his island without labor, is depicted as one of Odysseus main antagonists. Poems Within a Poem The Odyssey features two bard-like characters, Phemius and Demodocus, whose roles offer insight into the ancient art of oral poetry and storytelling. Both Phemius and Demodocus tell their court audience stories tied to the heroic cycle. In Book I, Phemius sings of the ‘returns’ of other Trojan War heroes. In Book VIII, Demodocus sings about the disagreements of Odysseus and Achilles during the Trojan War, as well as the love affair of Ares and Aphrodite. The vocabulary used to describe the poetic practice suggests that it is a performative art intended for an audience of listeners and accompanied by a lyre. In addition, both bards took requests from their audience: â€Å"But come now, change thy theme,† Demodocus is asked in Book VIII. Such requests suggest that these poets had a wide repertory of tales to draw from. Flashback Narration The narration of The Odyssey begins with Telemachus’ journey. Then, the narrative moves back in time, as Odysseus recounts his journeys for the length of three entire books. Finally, the narrative moves forward in time to Odysseus return to Ithaca. The most notable flashback in the text is the multi-book tale recounted by Odysseus himself, but other sections feature flashbacks, as well. The poem utilizes flashbacks to describe events of the past in detail, including the end of the Trojan War and the return of other war heroes.

Can Foreign Speakers Help The Irish Language Survive Essay

Can Foreign Speakers Help The Irish Language Survive - Essay Example However, the author of this article could have elaborated on the use of the Internet to learn languages, as this may lead to the rise of slang, which may further complicate language development. This article has much strength in that it is based on analysis from typical examples of individuals chipping in various points. Nevertheless, it leaves a loophole for various an array of interpretations due to the author’s failure to state his aim for writing it.Assessment of the ArticleFrom my assessment, this material may be very resourceful in my future career on analyzing the rise and loss of various languages. For instance, the use of digital techniques such as internet and Facebook to facilitate the learning of a particular language as mentioned in this article may ease my future research. This article is a clear analysis of the current problem of language loss among the contemporary generation who feels that using native language is a primitivism. Besides, it is an encouragement to learners on the need to preserve languages for future identifications. It is, therefore, one of the best as far as anthropological research is concerned.Lingua Globa: How English Became 'Globish' by Robert McCrumSummary of the ArticleMcCrum, the author of this article, explains the various ways in which the English language developed and spread to the entire world. He asserts that English never developed from one language group, but rather a contribution of various languages such as Celtic and Anglo-Saxon words.

Self Evident Truths Essay Example | Topics and Well Written Essays - 250 words

Self Evident Truths - Essay Example Self-evidently, today, the popular notion argued by Alexander has grown to become an accepted tenant of the American democracy. Moreover, further arguments were initiated to preserve the culture and democratic processes, reform civilian response efforts, appropriately prioritize defense resources, and effectively employ the National Guard with an ultimate goal of proscribing overreliance on the military. Alexander proposed the use of the military in domestic situations as an eventual and practical consideration. The American political culture remains consensual due to its broad basis on shared political values. Arguably, most of these conflicts arise because of disagreements on how to implement the values provided and not on the basic beliefs themselves. A survey of racial categories in American history depict changes with the politics and prejudices of the time. Fredrickson argues that cultural pluralism offers the best hope for a just and cohesive society since individuals are able to construct and reconstruct their own ethnic identities.

Human Resource Case Studies Study Example | Topics and Well Written Essays - 1250 words

Human Resource Studies - Case Study Example The act requires an individual to perform his or her job satisfactorily, and Zimpfer was an employee for over 16 years. 2. In the same year that Zimpfer was rejected, Palm Beach County filled only 4 percent of managerial positions with persons over 55 years of age and only 16 percent with persons over 39. Do these data indicate illegal discrimination using disparate impact theory? Should Zimpfer’s lawyer use disparate impact theory for his claim of age discrimination? The disparate impact guards against employment practices that can be considered illegal and discriminatory to members of a minority group. The employment practices may not be discriminatory on its face, but has discriminatory effects or application (Bernardin and Russell, 2013). In the above case, 84 percent of the employees are below 49 years of age. This makes the employees over 39 years a minority group. This data can serve as an indication of discrimination of a minority group on the basis of age. Zimpferâ₠¬â„¢s lawyers can use disparate impact theory as a claim for his employment due to age discrimination. The hiring of only 16 percent employees over 39 years shows the management was discriminative towards older people. This can be used to explain why Brad was hired instead of Zimpfer. Goebel et al. v. Frank Clothiers 3. Were Mr. Goebel and other African-American applicants victims of racial discrimination because of the hiring policies of Frank Clothiers? Is there evidence of disparate impact against African Americans in the decisions that were made? On what basis did you arrive at this position? (Be explicit and show your math.) The company hired 10 African-Americans for the managerial vacancies, which was about 62 percent of the hired employees. The case was filed because 26 African-Americans out of 51 applicants failed the intelligence test and could not be given an interview. The company employed 38 percent whites out of the 16 applicants who qualified for the job. Therefore, th e African-Americans were not victims of racial discrimination since the results of the intelligence test were used to choose those who would attend the interviews. The Africans had the constituted the highest number of those employed, which indicates that they were not discriminated against. Disparate action affects employees who are discriminated against because they are a minority group. In this case, there is no evidence of disparate impact since the company did not discriminate against the African-Americans. 4. Gordon Howe, a Caucasian male, scored 48 on the WPT and was interviewed but not hired. Does Mr. Howe have a possible Title VII lawsuit? What additional data are relevant to this question? Can â€Å"disparate impact† theory be used in cases involving subjective selection processes like interviews? Title VII protects against discrimination of employees on the basis of race, color, religion, sex, or nationality. Howe can use Title VII in a lawsuit because he is a Cauc asian looking for employment in America. The employer might have discriminated against him due to his race and settled for another employee. The disparate impact guards against discriminatory acts towards a minority group. Caucasians are minorities in America and Howe could have been discriminated against since he was Caucasian (Bernardin and Russell, 2013). Jones v. Purple Cabs (Reverse Discrimination or Legal Affirmative Action?) 5. What

Entrepreneurship Essay Example for Free

Entrepreneurship Essay 1. Is it ever too late for an entrepreneur to launch a new business venture? I am sure that it is never too late for an entrepreneur to start a new business venture if he/she is ready to spare nothing for making the enterprise effective and shoulder all the responsibilities. There is a great amount of famous successful businessmen over 50-55, who continue opening more and more companies and expanding their business. Besides, I think that if a person feels ready to open a new venture, it is not necessary to go for something huge. One can open a small company or go in for home business. Such decisions about launching a new business enterprise depend exceptionally on personal qualities, talents and abilities of an entrepreneur. I believe that older businessmen have greater experience and knowledge, as well as more connections and opportunities in business world, than many young entrepreneurs. Therefore, I do not think that age can be a serious obstacle for opening a new business. 2. Given the sluggish economy and the highly competitive casino industry, should Wynn establish a new venture in a saturated market? Why? Why not? I suppose that it is quite risky to launch a new venture in terms of sluggish economy in a saturated market, especially in casino industry. Casino business is rather specific and has a specific demand, that’s why it can be possible to advance in such environment only for those businessmen, who have already managed to earn a good name and reputation, as well as have a lot of business connections and potential customers. Otherwise it is really difficult to reach positive economic benefits in terms of saturated market. As we can learn from the case, it proved to be very hard to re-enter highly competitive market even for such a respectful and successful businessman as Steve Wynn. His rivals started seriously improving their facilities, changing their marketing strategies and attracting more and more clients. That is why Wynn had to give up some incomes, invest more money into his hotel and sell some of his property in order to upgrade his facilities. 3. Does it matter that Le Reve is located in a less than desirable area of Las Vegas? I do not think that it can be the most principal disadvantage for an ordinary hotel, because the customers usually take into consideration other important factors, including the price for hotel rooms and the quality of services. Nevertheless, it is known that the majority of the clients of Las Vegas luxury hotels are very wealthy Americans, who are ready to pay more money and stay in those hotels, which are located closer to the centers of gambling and entertainment. Therefore, in such situation hotel location really matters a lot. In addition, the main problem of not favorable location is that fact that it can not be changed easily and shortly. If it is possible to improve the quality of hotel services by hiring more qualified personnel or lower the prices to attract more customers, there’s hardly something that can be done about the place where the hotel is built. That is why such factor as location has to be undoubtedly considered by those who want to make their hotel business really successful. 4. Are there other reasons besides money for new business ventures? We all know that from economic point of view, the main goal of an enterprise or business company is making profits. But, certainly, there are many other reasons for launching a new business enterprise but just earning more and more money. For example, opening a new casino or any other gambling facility can be taken as socially important campaign, because it offers new prestigious workplaces to people, as well as brings a lot of income to national budgets due to high taxes, etc. Also, for many businessmen starting a new business or a new company is a great personal challenge. They can be looking for success and public recognition, trying to win a good reputation, or considering entrepreneurship to be a way to apply their talents and skills. Finally, when opening new business ventures, some businessmen are thinking about their future generations and making their life easier.

Essay --

Witchcraft was practiced and believed in, ages before Christianity first appeared. However, it did not fade away with the introduction of Christianity in the sixth century. Even though it was presented and seen as a crime it was not treated as one. The existence of witches and their terrifying abnormal powers in the Elizabethan-Jacobean period prompted the belief in superstitions like: Witches can fly, which clarified how they could get immediately to the desired and far destinations in a blink of an eye, they were also admitted to preserve Crows, Bats, and Mice in order to use them for malicious spells. Anne Boleyn, mother of Queen Elizabeth was surprisingly blamed for witchcraft because most people at that time believed that a sixth finger was developing on her fifth finger. Also, she had a noticeable and strangely looking mole on her neck. In the age of Shakespeare, witchcraft started to be considered more seriously as the authorities penalized anyone connected to this evil deed, viewing witchcraft as an insult to their Christianity. Scot Reginald defines witchcraft as â€Å"witchcraft is in truth a cousening art, wherin the name of God is abused â€Å" ( scot 397) During this time a lot of witches were tortured and killed as a model for society and undiscovered witches, to prevent any future attempts to practice this evil deed and eventually ... ...ainly for his different way and style in addressing and incorporating the supernatural along with the Greek myths in his writings. To Seneca is usually attributed the introduction of the ghost and the chorus, the division of the play into five acts, as well as the introduction of various themes, such as revenge...but in the general management of his subjects, Seneca makes many of (Boyer 13-14) This illustrates the importance and influence of Seneca on the Elizabethan literature and especially his various contributions in the division of the play into five acts and the incorporation of various shocking yet familiar themes for the Elizabethans, mostly of the supernatural into his literary work. The most remarkable association between Seneca and most of the Elizabethan writers is the revenge tragedy, which is presented with a character; Essay -- Witchcraft was practiced and believed in, ages before Christianity first appeared. However, it did not fade away with the introduction of Christianity in the sixth century. Even though it was presented and seen as a crime it was not treated as one. The existence of witches and their terrifying abnormal powers in the Elizabethan-Jacobean period prompted the belief in superstitions like: Witches can fly, which clarified how they could get immediately to the desired and far destinations in a blink of an eye, they were also admitted to preserve Crows, Bats, and Mice in order to use them for malicious spells. Anne Boleyn, mother of Queen Elizabeth was surprisingly blamed for witchcraft because most people at that time believed that a sixth finger was developing on her fifth finger. Also, she had a noticeable and strangely looking mole on her neck. In the age of Shakespeare, witchcraft started to be considered more seriously as the authorities penalized anyone connected to this evil deed, viewing witchcraft as an insult to their Christianity. Scot Reginald defines witchcraft as â€Å"witchcraft is in truth a cousening art, wherin the name of God is abused â€Å" ( scot 397) During this time a lot of witches were tortured and killed as a model for society and undiscovered witches, to prevent any future attempts to practice this evil deed and eventually ... ...ainly for his different way and style in addressing and incorporating the supernatural along with the Greek myths in his writings. To Seneca is usually attributed the introduction of the ghost and the chorus, the division of the play into five acts, as well as the introduction of various themes, such as revenge...but in the general management of his subjects, Seneca makes many of (Boyer 13-14) This illustrates the importance and influence of Seneca on the Elizabethan literature and especially his various contributions in the division of the play into five acts and the incorporation of various shocking yet familiar themes for the Elizabethans, mostly of the supernatural into his literary work. The most remarkable association between Seneca and most of the Elizabethan writers is the revenge tragedy, which is presented with a character;

Waste in Macbeth

Throughout the play Macbeth, characters change and so do their relationships with other characters. Life is taken for granted, and tossed away as if it’s merely an old toy. Honour and potential of great men tarnished due to their greed and power hunger. The plot develops the idea that A. C Bradley proposes: The central feeling of a tragedy is one of waste. Macbeth is portrayed as a tragic hero, someone who has it all at first but decides to give it all up. Throughout the story the waste of potential, the waste of life and finally the waste of innocence are just some of the types of wastes that can be found, but they are enough to prove the theory. According to critic A. C. Bradley, the central feeling of a tragedy is one of waste. It can be argued that Macbeth’s waste of his own innocence was not intentional, but forced upon by his wife, yet he ends up going through with the deed of killing Duncan. His waste of innocence was directly connected to his probable lack of morals and self esteem. He was persuaded to kill Duncan out of his wife’s question of his manliness. â€Å"I dare do all that may become a man; who dares do more, is none. † (Macbeth, Act I, scene vii) The evidence shows that his innocence has allowed his wife to make him question his manliness and therefore his morals. But not only has Macbeth been persuaded to kill Duncan, but his innocence gets mocked as Lady Macbeth states â€Å"A little water clears us of this deed† (Lady Macbeth, Act II, scene ii). She portrays murder as merely a deed that can be simply washed away from the hands with water and therefore the mind as well. The waste of Macbeth’s innocence although unintentional to him, is what begins the waste concept. The potential someone has is based on their character and their actions and how they incorporate the two into life situations. Yet both Macbeth’s actions and character seem to be weak and immoral. The waste of potential becomes evident as Macbeth turns from a hero into a tragic hero, and starts to take lives as if they are worthless. I am in blood, Stepp'd in so far, that, should I wade no more, Returning were as tedious as go o'er. † (Macbeth, Act III, scene iv) He shows that he has no interest of going back to right, when he has already committed so much wrong doing. His potential is no more at that point as he has ruined any chance. â€Å"Ere we will eat our meal in fear and sleep† (Macbeth, Act III, scene ii) shows that Macbeth’s potential has gone from something great to having to be in fear all the time. But it is not only his potential that is lost, but Banquo’s as well when he takes his life. In this play one of the main purposes of Banquo's character is to act as a contrast to the character of Macbeth. Banquo is brave and noble – characteristics that Macbeth arguably doesn't. The most evident type of waste in the play is the waste of life. Life is so carelessly thrown away by Macbeth and shows that it has no meaning to him and he takes it at disposal. â€Å"The wine of life is drawn, and the mere lees, Is left this vault to brag of. † (Macbeth, Act II, scene iii) is a quote that symbolizes life has no real meaning and can therefore be carelessly wasted. His humanness gets lost because of his power hunger and it’s because of the waste of life throughout the play, that the play becomes one of tragedy and an overall feeling of waste. The following quote, â€Å"I will not yield To kiss the ground before young Malcolm's feet,† (Macbeth, Act V, scene viii) shows that he is even willing to waste his own life because of his legacy and pride that will follow him after life, so to speak, this shows lack of morality towards not only his own life but to the lives of others. Finally the most evident quote: â€Å"Life's but a walking shadow, a poor player, That struts and frets his hour upon the stage, And then is heard no more. It is a tale Told by an idiot, full of sound and fury, Signifying nothing. † (Macbeth, Act V, scene v) This quote shows that Macbeth’s final, as it’s at the end of the play, thought of human life is that it is very worthless, and that is in fact why he chose to waste it. It is time on this earth that we waste because it is absolutely meaningless. In conclusion, critic A. C.  Bradley, was right to state that the central feeling of a tragedy is one of waste, especially throughout Macbeth. The waste of innocence, waste of potential and finally waste of life have the power to prove the critic indeed right. Yet the list of all that was wasted goes on and on, and it’s logical to consider if not for fear of what society thinks of us would we too be able to waste life, potential perhaps, or maybe innocence to our own dismay. Bradley was correct, but do the things that stop our lives from becoming a tragedy have to do with our values or with what society will think of us.

Business Law Assignment Essay

The main point for consideration in this situation is whether the initial agreement between Packard and Hewlett constitutes as a contract that has a legal relationship, and if so, is Hewlett within his rights to void the established contract and sell the laptop to the offeror with a higher price. The General Principle of Law here would imply here that Hewlett and Packard, are in a contract due to consensus ad idem, in that a meeting of minds must be between the two parties to be counted as a contract (Don Mayer, 2011). This contract is enforceable as the following factors are present: 1)Offer: Hewlett had made a bilateral offer to his classmates to sell his laptop at $800/-. This is an offer as the offeror had indicated his intention to sell his laptop to any member of his class at $800. 2)Acceptance: Packard had clearly communicated his unconditional acceptance of his offer, thereby closing the offer. 3)Consideration and Legal Relations: Consideration under the Law is defined as â€Å"some right, interest, profit or benefit accruing to one party, or some forbearance detriment, loss or responsibility given, suffered or undertaken by the other† Currie v Misa (1875) (InBrief: Free Legal Information, 2014). Hewlett promised to do the transaction of the laptop tomorrow after he transferred his data in the laptop and Packard agreed. This is executory consideration and shows that due consideration has been done on the part of the promisee. Legal relations are thus also created. They are thus in a legally binding contract and either party can sue should there be a breach. Hewlett is not able to revoke his offer once accepted even if someone were to offer him a higher price for the laptop. However, Hewlett sold his laptop to Compac for $1000, discharging his contract with Packard by Breach. Hewlett has by his own act disabled himself from performing the contract and Packard can thus bring action against him for the Breach of Contract. The Principle guiding this was established in Synge v Synge (1894). Recommendation and Conclusion In conclusion, Packard is able to bring action against Hewlett for selling the laptop to Compac even after an initial contract was established with Packard. He is able to sue under Discharge of Contract by Breach and the Court will likely move possession of the laptop back to Packard after Packard pays Hewlett the $800 as agreed. Hewlett will also have to refund Compac his $1000.