Personal and Professional Development Essay Example | Topics and Well Written Essays - 1000 words

Personal and Professional Development - Essay Example Secondly, there is increased productivity and one of high quality due to efficiency in performance. Self-management is crucial in enabling an individual to follow set rules. This essay primarily entails information on the personal and professional organization. In addition, the study involves an investigation of the ways people can learn to identify suitable methods for development. Further, there are some suggestions on how concerned individuals can encourage lifelong learning in personal and professional context. Finally, the essay evaluates the benefits of self-managed learning for both the individual as well as the organization. Personal and professional development Personal development refers to the action of a particular individual to advance through various activities necessary for bringing awareness of one’s potential. Personal development is responsible for ensuring that an individual has all the requisites for actual job performance. Professional development refers t o the advancement of individual performance through specialization in a particular field. Professional development is crucial for personal development, as it takes into account advancement in a person’s career and impact on the organization (Bubb & Earley 2007, p. 42). It helps one to acquire high-tech skills useful in overall performance. The outcome of professional development is one exhibiting quality work. ... Secondly, personal and professional development is essential for the performance of the organization, which is through placement of skilled personnel in different departments after a scrutiny of the skills that one has. Additionally, personal and professional development acts as a tool for designing and setting organizational objectives. It also helps leaders learn about their weak side when dealing with workers (Tomlinson 2004, p. 119). Finally, personal and professional development helps individuals develop a better perception concerning the differences between them and others within the organization. These objectives are in line with skillful tactics of focusing on what is best is achievable in the organization within a certain period. Recommendation on how people could learn to identify suitable methods for development Individuals, whether working in organizations or venturing into small business entities need to learn more about essential methods for development. The reason for learning about the methods is that people desire to grow and that they need their businesses to grow on the positive side of the economy. There are various ways helping one to identify the best development methods to apply. For instance, one should have better leadership styles. Leadership is important especially in a large organization where an individual (specifically a manager), has to help set objectives related to performance towards completion of set targets. There is also management of conflict, which is of significance when an individual has to have a good relation with the environment. Conflict management helps individual set objectives that are achievable by the employees within

Long-Term & Short-Term Budgetting Essay Example for Free

Long-Term Short-Term Budgetting Essay Introduction Budgeting is indeed a key component in managing short and long term planning. To define a broad objective such as wealth maximization is clearly not sufficient to achieve the goal. It is very important for an entity to get into more details over how to work towards the objective. Businesses typically do this by crafting a long-term plan and short-term plan which I will be explaining in details. Budgeting Before I proceed, it is very important for us to understand what is budget and how it works. A budget is a formal written summary (or statement of management’s plan for a specified future time period, expressed in financial terms. A budget becomes an important basis for controlling operations and evaluating performance. Thus, it promotes efficiency and serves as a deterrent to waste and inefficiency (Carlon, et al., 2009, p. 882) Types of budget There are several types of budget namely trade receivables budget, sales budget, finished inventories budget, trade payables budget, production budget, direct labour budget and many more. The list continues and varies from industry to industry. Budget usefulness Budgets are generally regarded as having four area of usefulness. * Budgeting promotes forward thinking and the possible identification of short-term problem. * They can also be used to help co-ordinate various sections of the business. * They play an integral role into motivating managers to perform better. * Providing basis for a system control, and lastly * Budgets can provide a system of authorization for managers to spend within the limit. (Merchant, Hawkins, Anthony, 2006, p. 560) The Planning process Figure 1 the planning process Source: (Banham, 2000, p. N.A) The above shows the relationship between budgets, long-term planning and short-term planning. The budgeting process The development of the budget for the coming year generally starts several months before the end of the current year. The budgeting process usually begins with the collection of data from each of the subunits of the entity. Past performance is often the starting point in budgeting, from which future budget goals are formulated. The budget is developed within a framework of a sales forecast that shows potential sales for the industry and the entities expected share of such sales. Sales forecasting involves a consideration of such factors as: I. General economic conditions. II. Industry trends III. Market research studies development IV. Anticipated advertising and promotion V. Previous market share VI. Changes in prices VII. New products VIII. Technology Short-term planning Short-term planning or budgeting is a process that focuses on short term, commonly one year, and results in the production of budgets that set the financial framework for that period. It is likely to be expressed mainly in financial terms and is designed to convert the long-term plan into an actionable blueprint for the future. The short-term planning is mainly carried out by Tactical managers and Operational managers. The budget will define precise targets for sales revenues and expenses, cash flows, short-term credit to be given or taken, inventory requirements, personnel requirements, increase profits, control costs, and invest for the future. Long-term Planning â€Å"Exercise aimed at formulating a long-term plan, to meet future needs estimated usually by extrapolation of present or known needs. It begins with the current status and charts out a path to the projected status, and generally includes short-term (operational or tactical plans) for achieving interim goals.† (Business Dictionary, n.d.) The above is a definition of Long-term planning or Strategic planning is usually carried out by senior management. The long-term plan covers a period of at least three years (some go up to five years) on a quarterly basis, forcing the organization into that discipline of thinking further out than one year. These plans should be updated when the short-range plan is prepared. Long-term strategies defines its overall effort in building market share, increasing revenues, decreasing costs, issues such as business take overs, expansion plans, deletion of business segments and radical product/service segment. (Budgeting, 2010) The way in which planning process is conducted depends on the industry and culture of the entity. Nevertheless, the entity outlines its long-term goals and specifies its short-range plans in quantifiable terms which detail how it expects to accomplish its goals (Hillstrom, 2013, p. 4) Long term planning Vs. Short-term planning Now that I put the definition and the functions of long term and short term planning before you. We will now see the advantages of long term and short term planning. * The main difference is the time period involved. The maximum length of a budget (or short term) is usually one year, and these budgets are prepared often for shorter period of time. In contrast, long-range planning usually encompasses a period of 3-5 years. * A second significant difference is the emphasis. Budgeting is concerned with the achievement of specific short-term goals. Long-range planning, on the other hand, is a formalized process of selecting strategies to achieve long-term goals and developing policies and plan to implement the strategies. Management is also responsible to respond to opportunities and challenges with strategic response that arise from anticipated trends in the economic and political environment. * Thirdly, there is difference between the details in the planning. Short term planning can be very detailed, this is to provide a basis for control. While long-rang plans contain considerably less details, because the data are intended for a review of progress towards long-term goals rather than for an evaluation of specific results to be achieved. The main objective of long-range planning is to develop the best strategy to maximize the entity’s performance over an extended future period. * Lastly, many entities today use a continuous 12-month budget by dropping the month just ended and adding a future month. One advantage of continuous short-term budgeting is that it keeps management planning a full year ahead, compared to just one-time planning for long term. Conclusion The preparation of budget is a valuable exercise as it forces management to look ahead and plan long term goal rather than to look back at the past. Once the long term goal has been set, a detailed short term planning can then be created. It is hence vital that budgeting is created as accurately as possible, as an error in data collection could affect the whole of the company’s operational and financial activities. The full benefits of budgeting can only be gained when the actual results are compared with the budgeted results then corrective actions are in place. Thus budgeting is a key component in managing short and long term planning. References Banham, R. (2000). Better Budgets. Journal of Accountancy, N.A. Budgeting. (2010). Retrieved from Entrepreneur: http://www.entrepreneur.com/encyclopedia/term/82266.html Business Dictionary. (n.d.). Retrieved from Defination of Long-term Planning: http://www.businessdictionary.com/definition/long-term-planning.html Carlon, S., Mladenovic-Mcalpine, R., Loftus, J., Palm, C., Kimmel, P. D., Kieso, D. E., Weygandt, J. J. (2009). Accounting building business skills. New York: John Wiley Sons. Hillstrom, E. K. (2013, Jan 27). Budgets and Budgeting.. Retrieved from Encyclopedia of Small Business.Vol. 1. Gale Cengage: http://www.enotes.com/budgeting-reference/ Merchant, K. A., Hawkins, D., Anthony, R. (2006). Accounting Text Cases. Australia: McGraw-Hill Education.

Uses of Marijuana :: Free Essays Online

Hemp is a very useful plant. The reason why it is illegal today seems an easy question to answer, right? Because of the effects that it causes on the brain and body. Right? Wrong! The reasons why hemp was made illegal were reasons that the public were never exposed to. Before 1883 about seventy-five to ninety percent of the world's paper was manufactured from hemp bast fiber. The United States Department of Agriculture first proposed making paper from hemp pulp in the early 1930's. Although production had to wait until someone invented a machine that would separate the hemp pulp from the fiber cheaply. Meanwhile, Dupont Chemicals, Hearst Paper and Timber, and several other companies had developed a new way to make whiter paper out of trees. Just when they got all their patents and business going in 1936, someone invented the hemp 'decorticating' machine. This threatened to put all the tree companies out of business, because of the fact that hemp paper is cheaper to make. A huge sum o f capital was tied up in making tree pulp paper and shipping it for sale. Most of the tree-paper companies were very powerful and had many connections with the government. So in 1937, they launched a country-wide campaign to put a prohibitive tax on hemp. This was the first 'Reefer Madness Movement' and when we began to call cannabis-"Marijuana". At that time no one knew that marijuana was really cannabis hemp. The only knowledge about hemp that the public knew had been obtained from the many fabricated stories. All the public knew was that it was "the killer weed with roots in hell", because of the supposedly harmful effects that it had on the human body and mind, which by the way have all been reaserched again in depth and the previous conclusions of the effects of marijuana on the human body and mind, have all been disproven. Because of this most American's did not know where their clothes used to come from because synthetic fabrics had just becom popular. The first Levi's blue j eans were made from the hemp plant. I will including the following information in my paper; the many useful uses of hemp as a perspective product for the future, products such as; fiber, rope and twine, canvas, cloth and cotton, how it can replace our dependence on our forests for our paper products, and finally how easily it can be cultivated.

Personal Life and Perfect Dream Vacation Essay

Almost everyone has their own idea of a dream vacation. It’s the perfect place to get away from the reality of everyday life and the stress that goes along with it, and the choices and ideas of the â€Å"perfect vacation† are as varied as the people who dream about them. Some fantasize about lazing on a warm, sunny beach. Some dream of forests and wildlife, and fresh mountain. So what is my idea of the perfect dream vacation? It’s simple. It’s the place where there are no crowds, everything is familiar, the food is prepared to my specific taste, and the bed is my own. For me, there is no place like home. With a little forethought and planning, even home can be turned in to a dream vacation getaway. A leisurely breakfast is the perfect way to start each vacation day. A plate of fresh fruits, fluffy scrambled eggs, toast with butter, and a cup of hot coffee is sure to chase away that sleepy feeling and energize you for the day ahead. Maybe your favorite breakfast includes a bowl of cereal and a glass of orange juice, or a bagel with cream cheese and a cup of tea. Perhaps, while on vacation, you would like to try something new and different. Read more: My dream vacation essay Whatever your choice, be sure to take the time to just enjoy it. Of course, no vacation would be complete without a little bit of pampering and a vacation at home is no exception. If there is a spa in your hometown, make an appointment during one (or more) of the days of your scheduled vacation. Or, if you prefer, there are many different stores that sell all kinds of spa type items for use at home.| | My perfect vacation takes place during the warm summer months so a hammock in the back yard is the perfect place for daydreaming. There is nothing more relaxing than lying in a hammock under a shade tree while the gentle breeze of summer drifts over you and your mind wanders, either lost in carefree thought or traveling through the pages of your favorite book. If you don’t have a shade tree or a back yard, any comfortable place where you can sit back and relax will work. You may also choose to spend your time visiting some favorite local attractions or perhaps a leisurely stroll through a park. It really doesn’t matter what you choose to do, as long as you are having fun.. | | Vacationing at home allows you to take it easy and relax without the stress of schedules, travel plans, lost luggage and gas prices. You don’t have to worry about cab fares, or highway traffic. It can be as quiet and peaceful and exciting as you choose to make it. Your vacation at home can be tailor made to your specifications, wants, and desires. All it takes is a little thought, a little planning, and a little determination to make it the perfect dream vacation.| |

Fedex and UPS Essay

1. Accounting Treatments Capital Lease -Lessee Initially, the lessee recognizes the asset under his property, plant and equipment. The amount that should be debited is the Lower of asset’s fair value and present value of minimum lease payments. The present value is determined by discounting minimum lease payments using interest rates implicit in the lease. Also, initial direct cost that the lessee incurs in relation to the lease is added to the cost of recognized asset. On the credit side of the entry should be lease liabilities, which is in fact, some kind of a loan. The lease liabilities should be split into current and noncurrent liabilities as some payments are made within 12 months while others are made after 12 month of the reporting date. Subsequently, there are two things we must take care of. First, we must depreciate the lease asset over the economic life, not over the lease term because that doesn’t necessarily need to be the same. The entry is to debit depreciation expense in profit or loss and credit th e accumulated depreciation account. Secondly, we need to allocate the lease liability or minimum lease payments paid to the lessor into two parts; reduction of lease liability and finance charge or interest. IAS 17 requires the finance charge to be allocated so as to produce a constant periodic rate of interest (interest rate implicit in the lease) on the remaining balance sheet liability. (Refer to appendix A for journal entries Capital lease-Lessor The lessor is a finance provider, and therefore records lease receivables as the debit side of the entry. The lease receivable is the net investment in the lease, which is the total of minimum lease payments and unguaranteed residual value. Total of these two figures is gross investment in the lease and we need to discount it to present value using discount rate implicit in the lease and all this must be equal to fair value of the asset plus initial direct cost. The credit side to this entry is simply cash given out by the lessor. Subsequently, we have to split minimum lease payments received from the lessee between reduction of finance lease receivable and finance income similar to what the lessee would do. (Finance income should reflect a constant periodic rate of return on the lessor’s net  investment in the lease.) (Refer to appendix A for journal entries) Operating Lease-Lessee In an operating lease, the lessee does not recognize any asset. The lease payments are recognized as rent expense in profit or loss on a straight-line basis. The journal entries would include a debit to rent expense and credit to cash or accounts payable. (Refer to appendix A for journal entries) Operating -lessor Lease payments received from the lessee are recognized as revenue in profit or loss on a straight-line basis. The lessor keeps the asset on his financial statement and depreciates it in line with its fixed asset accounting policy. (Refer to appendix A for journal entries) Advantages of Operating Lease In an operating lease, the lessee is considered to be renting the equipment and thus the lease payment is recorded as rental expense. No assets or liabilities are recorded on the balance sheet (Off-balance sheet financing). This is beneficial for companies because it will result in a lower asset base, therefore creating a higher ROA. Operating lease will also display more desirable solvency ratios such as lower debt to equity. This off balance sheet method of recording will also produce better debt covenant ratios for the company to show its debt lenders. Moreover, some companies associate management bonuses to certain ratios such as return on capital, which would be more optimal looking if recorded under operating lease. Another major benefit of operating leases is the potential tax benefits. An operating lease may allow the company to deduct payments as operating expenses during the period in which they are paid. If the company purchases equipment, they may be able to deduct the in terest, as well as the cost of the depreciation. 2. Under current Financial Accounting Standards Board regulations, what business arrangements might FedEx have made in order to account for leases as operating leases rather than capital leases? An operating lease is usually coined as anything that is not classified as a finance lease.  Factors that an operating lease may include are: 1. If a lease does not significantly transfer all the risks and rewards, associated with ownership of an asset the lease 2. If the ownership of the asset is more likely to go back to lessor at the end of the term 3. The lessee does not have the option to buy the asset at a cost significantly below the fair value of the asset → ie. a bargain price. The term of the lease is not a major part of the economic life of the lease item. IAS 17 does not explicitly say how much is a major portion however ASPE states that 75% and above is a major portion. 5. If there is little or no risk to the lessee; all major risks are borne by the lessor. An example wo uld be cancellation costs. 6. The leased asset is of common nature; not specialized and can only be used by the lessee. 7. The present value of the total amount of minimum lease payments do not equal or is close to the fair value of the asset leased. Other Additional Criteria can be: 8. Whether fluctuation in fair value at the end of the lease accrue to the lessor 9. If the lessee does not have the option to extend the lease for a secondary period at a â€Å"below the market† price Arrangements FedEx would have to make to disclose the operating lease would include disclosures about: the outstanding payments left for non-cancellable operating leases for the time periods: within one year within two to five years after more than five years the total future minimum sublease income for non-cancellable subleases the lease and sublease payments recognised in income for the period the contingent rent recognised as an expense  the general description of significant leasing arrangements, including contingent rent provisions, renewal or purchase options, and restrictions imposed on dividends, borrowings, or further leasing For operating leases, IAS 17 states that the total lease payments should be incurred as an expense and would appear on the income statement regularly with the amount on a straight-line basis over the entire lease term. Any enticements that the lessee may have received from the lessor to enter into the lease arrangement, must also be divided on a straight line basis to offset the  rental expense. 4. Lease Capitalization on Financial Variable and Ratios Unrecorded Lease Liability and Debt-to-Equity Ratio Based on the ratios and calculations performed there are many incentives for companies to report leases as operating leases rather than capitalize them. It can be concluded that the impact of lease capitalization on the financial statements is far greater for FedEx than UPS, however both companies are reaping benefits from reporting leases as operating leases. Capitalizing leases requires that leases are recorded as assets and liabilities on the balance sheet. The Unrecorded Lease Liability is 98.41% of existing liabilities for FedEx and 8.27% for UPS. Thus, by not capitalizing leases, firms are able to decrease their liabilities and present a more lower debt/equity ratio.The Debt/Equity ratio gives stakeholders an indication of the capital structure of the firm. The ratio for FedEx moves from 0.97 to 2.70, which indicates a more leveraged capital structure. UPS ratio moves from 0.87 to 1.28. The capitalization of leases would not a llow FedEx to maintain a debt-equity ratio below 1, which would change shareholder’s view on the financial flexibility of the firm. If FedEx wishes to maintain a relatively low debt-to-equity ratio on their financial statements it would be unfavourable to capitalize leases. Return on Asset The Return on Assets (ROA) is another key ratio that is affected when leases are capitalized due to the increase in assets that the company owns. When leases are capitalized there is a decrease in ROA for both FedEx and UPS by 1.69% and 0.32%, respectively. This is a relatively significant drop in efficiency and further motivates firms to record leases as operating leases. Interest Coverage Ratio The interest coverage ratio informs stakeholders of a company’s ability to pay back their interest. There is a significant drop of 17.26 in FedEx’s interest-coverage ratio and a drop of 9.2 in UPS’s interest coverage ratio. This means that a certain amount of profit is attributed to the fact that leases are not capitalized. In conclusion, it is clear from the variables and the ratios analyzed why companies prefer to record leases as operating leases rather than capitalize them. Operating leases are kept off the balance sheet and their main impact on the income statement is rent expense since the risks of ownership are not assumed. On the other hand, when leases are capitalized, the present value of payments including interest expense,  is treated as a liability on the balance sheet. These two accounting methods result in ratios to be more favourable for the firm when leases are recorded as operating leases rather than financial leases. 5. New Exposure Draft: A Contract-Based Approach Development of Contract-Based Approach Leasing is a critical activity in business as it is a means of gaining access to assets, obtaining finance and reducing an entity’s exposure to the risks of asset ownership. Some key advantages of leasing assets rather than purchasing assets are 100% financing, flexibility and the tax advantages. Therefore it is crucial that leases are appropriately accounted for and nature and duration of the lease agreement is considered. Current models require lessees and lessors to account for leases as either finance leases or operating leases. A recurring criticism of this approach is that lessees are not required to recognize assets and liabilities arising from operating leases. We can see the benefits of this in the financial statements and ratios of FedEx and UPS, as discussed above. In our opinion capitalizing leases provides stakeholders of a less aggressive view of a company’s financial statements. The contract based approach ensures th at companies recognise the right to use an asset along with the contractual liability on its balance sheet. Recognition and Measurement (Lessee) IASB and FASB are proposing a new approach to lease accounting that ensures entities record assets and liabilities arising from a lease. With this new approach, a lessee would recognize assets and liabilities for leases with a maximum possible term of more than 12 months. Under this contract-based approach, the asset is taken on by the lessee as the right to use to asset and not the asset itself. This a key difference between the contract-based approach and finance leases. When the lease is acquired, the lessee would recognise a lease liability. This would refer to the obligation of the lessee to make recurring lease payments. Additionally, the lessee would recognize a right-of-use asset representing a lessee’s right to use the underlying asset for the lease term. The right-of-use asset would include the initial measurement of the lease liability, any lease payments made at or before commencement date and any initial direct costs incurred by the lessee. The proposal further categorizes the leases into Type A and Type B leases. Type A Lease Recognition Leased assets other  than property (such as equipment and vehicles) would be classified as a Type A lease. However, if the following two conditions are met, the lease would be classified as a Type B: if the lease term is an insignificant portion of the asset’s economic life and if the present value of the lease payments is insignificant relative to their fair value. Initial measurements for a Type A lease would include a right-of-use asset and a lease liability. The lease liability would be measured at the present value of the lease payments, measured at the rate charged by the lessor. If that rate cannot be immediately determined, the lessee uses the incremental borrowing rate. Subsequent measurements would recognize interest expense and the amortization of the right-of-use asset separately on the income statement and balance sheet. This would be accounted for separately from the amortization of the asset. Type B Lease Recognition Leased assets of property (such as land or a building) would be classified as Type B leases. Initial measurements would be parallel to the initial measurements of Type A assets. However, subsequent measurements would recognize a single lease cost. This cost would be a measurement of the interest expense as well as the amortization of the asset. This combined figure would be calculated on a straight-line basis. Effect on Existing Operating Lease Existing operating leases must be appropriately treated based on the a ccounting standards for leases. Leases that were previously reported as operating leases by lessees should be recognised using the new approach at the beginning of the earliest comparative period. The lessee should recognize the lease liability, which is the present value of the remaining lease payments. For Type A leases, a right-of-use asset is measured as a proportion of the lease liability. The proportion is based on the remaining lease term at the time of the earliest comparative period. Additionally, the right-of-use asset recorded should be adjusted for any previously recognised prepaid or accrued lease payments. On the other hand, for Type B leases, a right-of-use asset is measured at an amount that equals the lease liability. The asset is then adjusted for previously recognised prepaid or accrued lease payments.

Boston Beer Company Essay Example

Boston Beer Company Essay Example Boston Beer Company Paper Boston Beer Company Paper To value Boston Beer Company using comparable companies, we have decided to look at two companies that are in the same industry as BBC and have recently gone public: Petes Brewery Company and Redhook Ale Brewery. Operation Structure Both Petes and BBC are contract brewers which allow them to take advantage from larger brewers excess capacity. Low transportation cost and overhead cost has always been the competitive advantages for contract brewers; at the same time, both companies have invested intensively in marketing and promotion. Unlike BBC and Petes Brewing Company, Redhook Ale Brewery owned and operated its own breweries. In addition, Redhook also established a strategic alliance with the biggest brewery company, Anheuser-Busch. Redhook is selling its beer through A-Bs powerful distribution network instead of investing in marketing and promotions. Obviously, Redhook and BBC have positioned themselves differently in the craft beer industry. Therefore, out of the two companies in craft beer industry that have gone public, we believe Petes Brewery Company will be a better comparable for BBC valuation than Redhook. Value-Drivers Due to consumers sophisticated tastes, specialty beers are much more welcomed than before. The craft beer industry has been growing intensively since 1990. BBC and Petes have experienced compound annual sales growth rate of 109% and 57%, respectively. We believe the value-driver for contract brewers are mainly brand identification and product quality. Both Petes and BBC have invested intensively in marketing and product distribution. These two factors have directly contributed to the increase in Net Sales for Petes and BBC. In addition, because contract brewing have greater manufacturing flexibility, it allows companies to incur lower capital and overhead cost, hence higher gross margin. We have adjusted both P/E and P/B ratios respect to IPO price. Since P/B was originally calculated using shareholders equity as of September 30, 1995. P/E was calculated based on P/B and annualized 3rd quarter ROEs which are 129. 3% and 8. 6% for Petes Brewing and Redhook, respectively. The adjusted P/E and P/B ratios turnout to be smaller than P/E and P/B dated on 11/20/1995, which is reasonable because IPO prices was much lower than the stock prices on 11/20/1995. From the table above, the enterprise value has a range from $418 million to $839 million. We believe the major value driver for both Boston Beer Company and Petes Brewing is Sales; therefore, we decided to use EV/Net Sales and EV/Gross Profit as our major valuation multiples. The EV for Boston Beer Company is approximately $430,280. 185. When we use multiple valuations, we have assumed that the capital structure for Petes and BBC is the same, which is reasonable because they are both contract brewers. They dont have their own brewery and their operation margins are similar. One potential problem arises after Petes gone public is change in its operating strategy. After Petes went public, company has invested all the IPO proceeds in constructing its own brewery in California. The capital structure for Petes could change due to this major investing in capital. Based on the enterprise values computed using DCF, APV and comparable multiples, we can calculate the IPO price by subtracting the total long-term debt from the enterprise value and dividing this difference by the number of common shares to be outstanding after initial public offering. A total long-term debt of $1,900,000 can be found from the long-term debt schedule in Exhibit 5 of the case, and the number of common shares to be outstanding after initial public offering on the first page of Exhibit 5 (Case) is 19,182,119. Consequently, the IPO prices determined by DCF, APV and comparable multiples are $13. 41, $11. 51(in base scenario) and $22. 43, respectively. DCF makes too many skeptical assumptions that are difficult to confirm. First, the terminal growth rate is hard to estimate, because the forecast growth rate of 31% from 1996 to 2000 is unlikely to sustain, so the assumption that the perpetual growth rate will be 7. 0% is largely by faith. Second, the capital structure of the company may not be consistent indefinitely, as a reduction of 10% in D/E ratio from 1994 to 1995 is evident. Several forecast accounting items are based on assumptions as well. Lastly, the beta comes from an educated guess, so the cost of equity used in WACC may not be accurate. APV shares many common assumptions as the DCF, such as the terminal growth rate and beta, but it is not sensitive to changing capital structure. Comparable multiples have the advantage of using companies from the same industry that just went public as benchmarks. However, Petes Brewing Company and Redhook Ale Brewery differ from Boston Beer Company in sales size, growth rate, and strategy. Boston Beer Companys annual sales exceed the other two by a large margin, and the growth rates of the three companies have significant differences. From a strategic standpoint, Redhook Ale Brewery has its own production line, Boston Beer Company insist on remaining a contract brewing, and Petes Brewing Company plans to use the proceeds from its recent IPO to construct a brewery of its own. Moreover, craft beer industry itself relies on proprietary recipe as a sales strength, which differs among different companies. On top of that, too few available comparable companies may result in an estimate that is not very reliable, as only Petes Brewing Company is used as a comparable company. Since using multiples is too sensitive to unique events and only one comparable company is available, DCF and APV will be more reliable methods to determine the IPO price than comparable multiples valuations. Moreover, APV is more flexible than both DCF and multiples and it can value BBC more precisely, because it doesnt have the D/E constraint. APV can be used to valuate company that have unstable D/E over time, which in this case is suitable for valuating Boston Beer Company. Therefore the IPO price should be set in the range of $7. 53 to $21. 694 for Boston Beer Company. The craft beer industry as a whole is overpriced, because the current rapid growth is not sustainable and numerous competitors are emerging. The growth assumptions made by analysts may be wrong, so investors may mistakenly believe that the craft beer industry may continue fast growth for the next five years. The craft beer industry is considered correctly priced at high P/E multiple only if the craft beer industry as a whole can experience such high growth rate for a long time, as in the early 1990s. However, the growth forecast contains a number of forward looking statements and may not be true. Also, the growth rate of 40% in craft beer industry is very unlikely to be sustainable indefinitely. The beer industry as a whole had experienced a stagnant growth of 0. 1% from 1991-1995, and analysts predicted no growth in future. If the industry as a whole is experiencing zero growth, growth of one firm actually means contraction of another firm. We see no evidence from this case that craft beer industry is superior or has competitive advantage over major producers or second tier producers in long term. For instance, major and second tier player has more financial resource available. It will be very hard for small firms to grab away the customers from large firms in long term. Just like a zero-sum game, the growth may finally disappear and the market reaches saturation. The market may be too optimistic for the future of the craft beer industry. Also, the market beliefs fail to consider the factors of competition. The rapid growth of existing craft beer companies spurred the founding of over 600 specialty beer companies. Since so many competitors emerged in such industries, it is possible that the competitors may compete away the profits in future, making the industry as a whole unattractive, dragging down the price or raising the cost. This potential risk may be and indicator that the industry is overpriced.

Lillian Gish Silent Film Stardom essays

Lillian Gish Silent Film Stardom essays The history of the great talent Lillian Gish is immeasurable. She has acted in more productions per decade then anyone else in this century. She has been in one hundred and five films alone, thats not counting all the on stage productions she has performed in. The amazing talents of this once beautiful young actress can be seen in any of her early silent films too. Way Down East and Orphans of the Storm are two of her earlier films that portray her exquisite skills. Yet none of this would be know if it wasnt for a mastermind of directing, D.W. Griffith. Gish would have lived a long unrecognized life of theatre and missed out on the most important part of her career, the silent film. Gish first started acting in the very early years of this century, 1902 to be exact, in a small stage named The Little Red School House. Her great film debut did not come until much later in 1912 when the great Griffith noticed her in a filming studio. He described her as the most beautiful thing, and said it appeared as if the light in the room was emanating from her and her alone, almost as if she was glowing. From there Griffith picked her up and started her on her great future in film. Gish said she would only act for him if he signed her sister Dorothy as well. Of course not to miss out on this beautiful young actress Griffith signed both. The two sisters had their first major film debut was in 1912 with the film An Unseen Enemy. This got Lillian off to a much better start then Dorothy I suppose, because from there she acted in 104 more plays until her death in 1993. She acted in her last film in 1987 completing her great career. Many people consider Gish the most important actress in history. This is mostly because of her command in the film. She is said to have laid down the ground rules for movie acting (entertainment magazine). Gish with help from Griffith is even said to have invented the close-up. This is a ...

Television and the Present Perfect Tense

Television and the Present Perfect Tense Television and the Present Perfect Tense Television and the Present Perfect Tense By Maeve Maddox Autumn writes: Ive been wrestling with the title of a new Food Channel show called The Best Thing I Ever Ate.   I cant put my finger on it, but this sounds incorrect to me   . . . what is it thats throwing me off? Autumns grammatical instincts are correct. There is something not quite right with the name of this cooking show. The best thing I ever ate is idiomatic, but its not a formal English construction. The simple past, ate, is used to describe an action that took place at a specific time. For example: The best thing I ate while I was in Greece . . . Actions that occur at some unspecified time before the present are described with the present perfect: The best thing that I have ever eaten . . . The present perfect may be used with unspecific modifiers: ever, never, once, many times, several times, before, so far, already, yet, etc. It may not be used with modifiers that indicate specific times: yesterday, last week, when I was young, etc. The formal version of The Best Thing I Ever Ate would be The Best Thing Ive Ever Eaten. But would it sell? Fuller descriptions of the uses of the simple past and present perfect can be found here: Simple Past Present Perfect Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar category, check our popular posts, or choose a related post below:Program vs. ProgrammeTelling a Good Poem from a Bad OneWhat is an Anagram?

Evidence and practice Essay Example | Topics and Well Written Essays - 500 words

Evidence and practice - Essay Example quently utilized to define facts based medicine, but can also encompass other specialties, for instance, facts based nursing, pharmacy as well as dentistry (Scally and Donaldson, p.9, 2008). This process also incorporates the attributes, state, requirements, standards as well as preferences of those who might be impacted (Spring and Hitchcock, p. 23, 2009). This is usually attained in a way that is attuned with the environmental, as well as the institutional context. The evidence is usually from research upshots derived from the methodical compilation of facts via observation and experiment as well as the formulation of queries and hypothesis testing (Buysse and Wesley, 2007). It is an extremely crucial process which involves intricate and careful decision making which is not only grounded on the accessible resources but also on the ailing individual’s attributes, conditions, and preferences (Rubin and Parrish, p. 25, 2007). EBP realizes that care differs from one individual t o another, and it is also dynamic and encompasses uncertainties and possibilities. In addition, EBP also involves the establishment of individualized procedures of best practices to guide the advancement of any professional duty at hand (Mercer, p.12, 2007). EBP has attained momentum in the nursing field. For instance, research upshots, understanding from fundamental science, clinical understanding as well as expert judgement represent evidence (Mercer and Pignotti, p. 5, 2007). Nonetheless, practices grounded on research upshots are probable to result in the preferred patient upshots across varied settings, as well as geographic locations. The drive for EBP is mainly from the payer and healthcare system pressures for expenditure containment, enormous accessibility of information and escalating client savvy with regard to treatment, as well as care alternatives (Melynk, p.9, 2008). EBP demands alterations in education of scholars and emphasizes on practice crucial research. Additionally,

Economic downturn hits Oz Clothing Essay Example | Topics and Well Written Essays - 3500 words

Economic downturn hits Oz Clothing - Essay Example In the near future, there are also indications that the government will provide further empowerment to labor unions such as the CWU in light of its newly instituted Industrial Relations policy. Economic – The global economy is experiencing a critical downturn, resulting in the cancellation of orders by large retailers who are in turn affected by poor consumer demand. The high cost structure of the firm, particularly its labor, is rendering the firm uncompetitive against rival firms operating in regimes that allow them a lower cost structure. The Australian garments industry may not be able to secure additional bailout funds from the government as it has already released a large amount of funding for this purpose, and is itself deep in public debt which it may not wish to increase further. Social – The Australian Council of Trade Unions plans to mount a campaign to â€Å"buy local† which may be joined in by other non-governmental organizations and special interest groups. The ultimate objective is evidently to create a broad-based, society-wide demand for local products in order for demand to support more profitable business operations for Australian firms. To jump start the process, however, the initial objective is to secure the commitment of federal, state and local governments to give preference to products that have been made in Australia. Technological – The industry’s production method is low-skilled and labor intensive, for which reason it is prone to easy replication in countries that have a large labor base that are able to command a lower labor cost. Such a country is China, which has successfully mass... The paper tells that the business of Oz clothing has entered a period of economic uncertainty, requiring the need for a strategic change in order to survive. The Australian firm manufactures clothing items among which are underwear lines it describes as commodity type, indicating the lack of distinguishing characteristics or brand name from other mass produced, basic clothes wear. Oz Clothing will be undertaking a bold, risky, yet in the long run necessary, strategic change that promises to create short-term uncertainties for the company, but greater stability and growth in the distant future. A shift of market focus may prove beneficial; it is suggested that the firm design products for the senior consumers (50 years old and above), which is the fastest growing and most wealthy segment of society. The change will involve dramatic alterations in the firm’s products, for which its old manufacturing processes may no longer be applicable. A change in the skills set needed will th erefore have to be acquired by the employees, for which training and mentoring will need to be done. Secondly, the firm will need to create a bond of trust between itself and its employees, and conduct business in a transparent way with its employees, in case there will be a need to engage them to agree to a pay reduction or shorter work week for the duration of the crisis. Furthermore, in order to avoid demotivation or labor union disputes, it will be necessary to frankly approach the matter of possible layoffs and work stoppages if such will be warranted by the firm’s financial situation.

The Rule of Law Essay Example | Topics and Well Written Essays - 3000 words

The Rule of Law - Essay Example There some theorists and researchers who have written about the rule of law lately. In this essay we deal mainly with two of such writers: Brian Z. Tamanaha and Rachel Kleinfeld Belton. We have chosen their papers as our source material because their points of view seem to be rigorous and comprehensive in the different facets of the rule of law that they talked about. Tamanaha does his best to be epistemic when dealing with the rule of law as a general principle that it is often misunderstood while Belton does her best to find a proper definition of what we mean by rule of law as she is completely aware of the generalised state of confusion about this term. Both writers shed light on this topic, and their insights are very useful in order to get an adequate understanding of the rule of law as a fundamental principle that should be taken into account with a sense of commitment and responsibility not only by government officials, politicians, lawmakers or law people, but by everyone in any society at any time. Nobody is exempt from the rule of law, so everybody has to worry about it. "The rule of law is fundamental to the western democratic order. ... in the case of Proclamations (1610) 77 ER 1352: 'The King himself ought not to be subject to man, but subject to God and the law, because the law makes him King'. (Cooray, 1995). This last assertion is quite bold and brings with it the idea of sovereignty. It can be misinterpreted like the concept of the free will of man. When we analyse carefully the Bible, as it is the Westerne standard as its sacred book, we will clearly see that there is not free will, but free agency. This means that man is not free to act as he pleases, but man is free to act according to the design of his own limited nature. So man is still responsible and accountable for his own deeds before God and man. The same happens with any sovereign who is supposed to act under the duty and the call of the law. Why Plainly because the law is the mechanism that makes him sovereign, that makes him king. Dr. Cooray keeps on analysing the rule of law with the following statements: "The rule of law in its modern sense owes a great deal to the late Professor AV Dicey. Professor Dicey's writings about the rule of law are of enduring significance. The essential characteristic of the rule of law are: i. The supremacy of law, which means that all persons (individuals and government) are subject to law. ii. A concept of justice which emphasises interpersonal adjudication, law based on standards and the importance of procedures. iii. Restrictions on the exercise of discretionary power. iv. The doctrine of judicial precedent. v. The common law methodology. vi. Legislation should be prospective and not retrospective. vii. An independent judiciary. viii. The exercise by Parliament of the legislative power and restrictions on exercise of legislative power by the executive. ix. An underlying moral

Type 2 diabeties Case Study Example | Topics and Well Written Essays - 1500 words

Type 2 diabeties - Case Study Example In 1910, physicians were able to make progress on determining the cause of diabetes. Edward Sharpey Shafer stated that a patient showed signs of diabetes when the pancreas failed to produce a chemical, named â€Å"insulin†, which was responsible for breaking down sugar. He explained that that was why the urine contained excess sugar. In an effort to fight the disorder, doctors encouraged a fasting diet and urged patients to exercise regularly. This was in vain, as patients continued to die prematurely (Porter, 2013). In 1921, Charles Herbert and Frederick Grant made an important discovery when experimenting with dogs. They noticed that the conditioned improvement when they injected diabetic dogs with insulin extracted from healthy dogs. This also worked with diabetic people. However, doctors noticed that some people did not respond to this treatment. In 1936, Harold Himsworth classified the two types of diabetes as â€Å"insulin-sensitive† and â€Å"insulin-insensitive † with the latter being Type 2 diabetes (Porter, 2013). The 1950s brought in oral medication for patients with Type 2 diabetes, which would help stimulate the pancreas to secrete insulin. ... They previously referred to it as adult onset diabetes but as children and teenagers cases increased, they changed it to Type 2 diabetes (Porter, 2013). Differential Diagnoses It is important for a physician to determine correctly whether a patient has Type 1 diabetes or Type 2 diabetes. This is because these two types of diabetes need different treatments. Results obtained from physical examination, laboratory tests and the patient’s history can be used to make the right diagnosis that will help clinicians differentiate Type 1 diabetes from Type 2 diabetes (Colvin, & Lane, 2011). Through physical examinations, a clinician can identify Type 2 diabetes’ patients, as they may be obese; body may show manifestation of acanthosis nigricans, have chubby cheeks, and thick necks. The patients’ history can indicate whether they have Type 1 or Type 2 diabetes, for example, patients controlling their diabetes with oral antidiabetic agent or diet for long periods can be diag nosed with type 2 diabetes. Thin patients, who have had diabetic ketoacidosis for a long period and have always depended on insulin since childhood, can be diagnosed with Type 1 diabetes (Laine, 2007). Patients who show no signs of diabetes need two abnormal test results for a clinician to make a diagnosis of Type 2 diabetes. The abnormal tests can be done on different days, or different tests can be done on the same day. If the two results are abnormal, the patient is diagnosed with Type 2 diabetes but if only one result turns out to be abnormal, the test is repeated on a different day. If it turns out to be abnormal the second time, the patient is diagnosed with Type 2 diabetes. Diagnosis of patients showing polyuria, weight loss or polydipsia, which are all

Gender Segregation in Education Essay Example | Topics and Well Written Essays - 2000 words

Gender Segregation in Education - Essay Example Studies have shown teachers spend more time with the boys in the classroom than with the girls. (MacNaughton, 2004, 82)This may be due to disruptions by the boys, although the teacher is often unaware of the amount of time spent with boys over girls. In the personality domain, there are various notable traits with gender differences. These include aggression, conformity, emotional adjustment, values and life goals and achievement orientation. Numerous studies have shown that whilst adolescent boys are more aggressive than girls in terms of both physical and verbal aggression, during adolescence the differences between males and females are negligible at primary school level (Vialle et al, 2000, p.154). This is not saying that girls become physically aggressive but perhaps resort to verbal aggression or the use of covert forms of aggression such as social alienation (malicious gossip and rumors, exclusion) (Vialle et al, 2000, p.154). Statistically, girls are more conformant than boys and are more likely to seek help from adults than are boys. (Grieshaber, 2004, 22) This difference is attributed to the observation ...that girls tend to participate in adult-structured activities on the other side boys are more likely to participate in activities with little adult involvement in school. (Vialle et al, 2000, p.154). Emotional behavior by boys is expressed differently, depending on gender. While females are more likely to freely display their emotions, males are more likely to suppress their feelings, with the exception of anger. (Walkerdine, 1999, 172) Most researchers attribute these differences to societal expectations rather than biological differences. This can be supported by studies of boys under five years of age. (Vialle et al, 2000, p.154).

Type 2 diabeties Case Study Example | Topics and Well Written Essays - 1500 words

Type 2 diabeties - Case Study Example In 1910, physicians were able to make progress on determining the cause of diabetes. Edward Sharpey Shafer stated that a patient showed signs of diabetes when the pancreas failed to produce a chemical, named â€Å"insulin†, which was responsible for breaking down sugar. He explained that that was why the urine contained excess sugar. In an effort to fight the disorder, doctors encouraged a fasting diet and urged patients to exercise regularly. This was in vain, as patients continued to die prematurely (Porter, 2013). In 1921, Charles Herbert and Frederick Grant made an important discovery when experimenting with dogs. They noticed that the conditioned improvement when they injected diabetic dogs with insulin extracted from healthy dogs. This also worked with diabetic people. However, doctors noticed that some people did not respond to this treatment. In 1936, Harold Himsworth classified the two types of diabetes as â€Å"insulin-sensitive† and â€Å"insulin-insensitive † with the latter being Type 2 diabetes (Porter, 2013). The 1950s brought in oral medication for patients with Type 2 diabetes, which would help stimulate the pancreas to secrete insulin. ... They previously referred to it as adult onset diabetes but as children and teenagers cases increased, they changed it to Type 2 diabetes (Porter, 2013). Differential Diagnoses It is important for a physician to determine correctly whether a patient has Type 1 diabetes or Type 2 diabetes. This is because these two types of diabetes need different treatments. Results obtained from physical examination, laboratory tests and the patient’s history can be used to make the right diagnosis that will help clinicians differentiate Type 1 diabetes from Type 2 diabetes (Colvin, & Lane, 2011). Through physical examinations, a clinician can identify Type 2 diabetes’ patients, as they may be obese; body may show manifestation of acanthosis nigricans, have chubby cheeks, and thick necks. The patients’ history can indicate whether they have Type 1 or Type 2 diabetes, for example, patients controlling their diabetes with oral antidiabetic agent or diet for long periods can be diag nosed with type 2 diabetes. Thin patients, who have had diabetic ketoacidosis for a long period and have always depended on insulin since childhood, can be diagnosed with Type 1 diabetes (Laine, 2007). Patients who show no signs of diabetes need two abnormal test results for a clinician to make a diagnosis of Type 2 diabetes. The abnormal tests can be done on different days, or different tests can be done on the same day. If the two results are abnormal, the patient is diagnosed with Type 2 diabetes but if only one result turns out to be abnormal, the test is repeated on a different day. If it turns out to be abnormal the second time, the patient is diagnosed with Type 2 diabetes. Diagnosis of patients showing polyuria, weight loss or polydipsia, which are all

The Bloom Box Essay Example | Topics and Well Written Essays - 250 words

The Bloom Box - Essay Example The technology bears a tremendous potential to offer abundant and cleaner electricity. I firmly hold that much work is needed to push the Bloom Box energy production process towards ‘greener’ energy. Bloom Box already attracts some of the biggest companies in the world as it first and primary customers. The technology also enjoys approval by a renowned venture capitalist (Springer 1). I believe that the technology is good enough to attract more venture capitalist to fund its expansion and increase its production capacity when need arises. Its initial customers have the financial might to buy its Bloom boxes. The sales revenue is significant to push research towards cost-efficient production. Based on these facts, the future of the company is bright. It can attract partners to strengthen its financial position and fund the development process. This is imperative in its efforts to reach the mainstream energy

Postmodern Social Theory Essay Example for Free

Postmodern Social Theory Essay Postmodern social theory is a field which is both difficult to define and rejects being defined. Postmodern theory is largely concerned with the ways our perceptions and reality are constructed. Postmodern social theory is a field of diverse and at times contradictory ideas that try to describe the relations of characters to society of the infrastructures and information age. Social reality is distinct from objective reality and individual subjective reality because it refers to the socially constructed nature of most of our shared institutions, beliefs and values. Social reality can be thought of as the sum of the social constructs in a society, or as the result of the social interactions between individuals within a society. Various authors have pursued to overcome this difficulty by trusting on common characteristics of various postmodern theories; also others have defined the field by those who work in it. Many have evaded any attempts to define it at all. Nevertheless of which of these methods one takes, however, there is no denying that postmodern social theory was at one time a booming presence in sociology. Despite this â€Å"death† of postmodern theory, however, its short life has had profound effects on the way social theorists do theory, and I think that it will, in no doubt, continue to have such an effect for a long time to come. There is also no denying that that time has passed and that now postmodern social theory is little more than a memory of a past era in social thought. Conclusion Postmodern social theory discards the desires and skills of modern social theory, moving away from grand descriptions, rational theorizing and towards a deconstruction of general truths, a decentering that is attuned to difference and locality.

Three Criteria Of A Good Political Leader Politics Essay

Three Criteria Of A Good Political Leader Politics Essay In political science and history, there are three criteria used to determine what makes for a great, good or a successful political leader. The three criteria are: responding to crisis, utilizing the office for leadership and good public policies. Responding to crisis, which can also be termed as crisis management, is a process that deals with responding to an events that threaten to harm a society or constituent where one is in charge. In a crisis, there is usually a cause of threat or insecurity that happens abruptly and impulsively and requires a short time to make a decision and there is usually need for change since the old system seemed to have snapped. There are various types of crisis that can hit a nation or a constituent and these include: Natural disasters which is considered an act of God, and occurs in the forms of earthquakes, volcanic eruptions, tornadoes, hurricanes, floods, droughts, storms and tsunami. There is also confrontation crisis which occurs when an unhappy group of people fight the government to gain acceptance of their expectations. It takes the form of boycotts, strikes, and issuance of ultimatum to an office occupant. Other forms of crisis that can cause disturbance in a society include: technological crisis, crisis of malevolence and rumors. As a president of a nation, the response one give to a crisis really matters. It is a measure of how much the president cares for his or her subjects. It is important for the president to always give a statement or be there in person in response to any sort of crisis. The second criteria involves utilizing the office for leadership. Leadership is a social influence where one requires the support of others to accomplish a common goal. This goal, vision or dream is suppose to bring change to the people being governed and it is not to be self centered or have any form of selfish interest for the leader. As a political leader, the main focus of ones vision should be the common civilian and tax payers who entrusts one and gives them the mandate to guide them and lead them. The office of leadership should be treated with honor, respect and integrity and should not be used to enrich oneself by fleasing money. The third and last criteria is good public policies. Public policies entails a course of action or a position taken by the leadership of government concerning a specific issue. These issues may range from global issues to issues of state interest. For instance, matters concerning global warming and the environment are very crucial and it is important for a government or the head of government to come up with policies handling this issue pretty well. Apart from George Washington, Abraham Lincoln, Theodore Roosevelt, Franklin D. Roosevelt, there were also other presidents in the US that were considered great, good and successful since they measured up to the three criteria discussed above of a good leader of a nation. Andrew Jackson, the seventh president of the US got into power with such force that a time period was named after him. He brought to an end years of what many Americans including himself, considered to be an elitist government. He was known to have engaged the people in matters of national interest and made them be like the executive branch in the process. Before him, president seemed to be working with the congress so as to shape the national agenda. Jackson was against the issue of having a big government, and he disliked debt. These two issues that are mainly accredited to Jackson, made him the only American president to clearly off all national debt. During his tenure, he ejected all the Indians living east of th e Mississippi what is now called Oklahoma. This resulted into the Indian Removal Act of 1830. He eventually placed the millions of acres that became free for development. Though he was not all round perfect, but his policies had a common good for the American civilian. Another example of a successful American president is James Knox Polk. His biggest accomplishment was when he acquired the state of Texas, the second largest land in America. When he came into power, Texas became part of the union of states and this increased the boundaries of America to the Rio Grande. He was also able to reduce tariffs and he established treasury systems that are independent. He was able to achieve everything he wanted in one term. He utilized well the office for leadership and he had good public policies. Among the least successful and weak presidents of the US and who did not measure up to these three criteria is James Buchanan. He had bad public policies that were racial in nature and particularly discriminated on people of African decent. He was caught stating that slavery was an issue of little practical importance. Whether or not they were slaves, blacks could never be citizens of th US and the congress had no authority to prohibit slavery in federal territories. Millard Fillmore, is also considered one of the worst presidents of the US because of his policies and style of leadership that saw him sign into law the Fugitive Slavery Act that sought to force the authorities in free states to return fugitive slaves to their masters. He got into power after the death of President Taylor and changed Taylors entire cabinet with individuals known to be favorable to the compromise efforts. Question 2 Taft was for the view of a limited presidential powers. And he said, à ¢Ã¢â€š ¬Ã…“the true view of the executive functions is, as I conceive it, that the president can exercise no power which cannot be fairly and reasonably traced to some specific grant of power or justly implied and included within such express grant as proper and necessary to its exercise. Such specific grant must be either in the federal Constitution or in an act of Congress passed in pursuance thereof.à ¢Ã¢â€š ¬Ã‚ . While on the other hand, Theodore Roosevelt, was for the view of stretching presidential powers to affect other nations that were mostly depending on the US for support. He is said to be the foundation for the repeated United States intervention in the governing of countries in, or bordering on, the Caribbean. Roosevelts scope for presidential powers was suppose to stretch to bordering and other countries. This policy is seen to have taken effect currently. The position of the president of the Un ited States of America on any issue is highly sort for and also influences other nations greatly. Roosevelt also believed in presidential prerogative power, the ability to do anything not prohibited by the Constitution or statute. Of the presidents cited in question 1 above, James Buchanan would be more likely to side with president Roosevelt view of a stretched presidential power to other nations. While president James Knox would appear to agree with president Taft for a limited presidential power. Question 3 President Abraham Lincoln viewed that the presidential powers are not limited by the constitution in cases that require quick and decisive measures. He is highly accredited for the American Civil War that brought freedom to many slaves in the US. Using the clause of the constitution that makes him Commander in Chief of the Army and Navy of the United States, and of the militia of the several states, he made use of these powers to go out of the constitution. He argued that this clause gave him the right to do whatever he wants and whatever is right bring down the enemy. Most of the orders he issued to the Army and state militia was done without the consent of the congress. Before the congress could convene and discuss the way forward, the army was already on a mission to complete an assignment. He allocated money for the federal government before engaging in any consultation with the congress. And all these ha did with the justification of the clause in the constitution that made him commander in chief of the Armed Forces. There are various circumstances that can cause a president to act unconstitutional at the same the actions be justified just like in the case of Abraham Lincoln. When it is necessary for the president to make snap and quick decision like concerning a war then the rule of law can be disregarded. However such actions may lead to unforeseen problems that may eventually manifest in the future.

The Rise of Social Isolation in America is a Chief Factor in the Prolif

The Rise of Social Isolation in America is a Chief Factor in the Proliferation and Continuation of Suburban Sprawl At the very backbone of the body of reasons for which sprawl has accelerated so much in recent decades is the changing social culture in America. One must remember that sprawl is all about people, and one of the greatest factors that drive the trends of their behavior is culture. It is true that there are many other factors (I.E. economic) at play in the manifestation of sprawl, but the factor of culture is what lies at the very core of the entire issue. This core is the argument that Americans have gradually moved toward a socially and individually isolated culture. Essentially, the American community has become more disjointed and impermanent, creating an atmosphere in which living in a more dense population has become undesirable. To best understand how culture has changed, one must take into account the way it once was and what circumstances helped to alter it. Traditionally, living in the United States had comprised of a much more community-oriented culture. (Kingdon) This was especially true in the days before the automobile (and the railroad to a small extent) when communities were more isolated from mass movement, migration, and displacement of its denizens. Before the Baby Boom and especially before the Industrial Revolution, the American landscape, even on the east coast, was comprised of primarily isolated village communities and distinct urban centers. Travel and economic factors (economies were more localized then) created an environment where it was quite easy and possible for an individual to grow up, live and work, marry, and die in their hometown community. Hence, since people were more lik... ... so on, and so on. People will be more willing and capable of living in denser, more efficient environments only when the underlying culture that sustains sprawl is altered. The sense of the American community needs to be re-established if there is to be any real progress in the battle against sprawl. The REAL problem here then, is that changing the culture of a state, of a nation, is a very long and difficult undertaking†¦ Works Consulted Kristin Gotts, et al (no date) Better Together Saguaro Seminar on Civic Engineering in America; John F. Kennedy School of Government, Caimbridge MA Puntam, Robert D. (1995) Bowling Alone: The Collapse and Revival of American Community Simon & Schuster ISBN: 0684832836 Kingdon, John W. (1999) America the Unusual Bedford/ St, Martins Boston, MA Lowi, et al. (2001) We the People W.W. Norton and Company, NY, NY

Adderall Abuse and Doctor Awareness Essay

Adderall is used in the treatment of Attention Deficit Hyperactive Disorder, but has been abused in many circumstances. ADHD has been known to produce certain symptoms, which can have serious negative effects. Adderall helps in the reduction of these symptoms. However, the addictive nature of Adderall has made it one of the most abused medications without prescriptions from medical practitioners. Adderall has, nevertheless, been used effectively as attention stimulant that helps the patients to perform well throughout the day (Helms, 1476). It is, therefore, only important that awareness on the use of Adderall in persons with ADHD be increased in order to maximize the positive effects of the psycho-stimulant treatment as opposed to its negative effects. The use of Adderall in ADHD Methylphenidate has often been used to treat Attention Deficit Hyperactive Disorder. However, many of the scientific research and studies have placed Adderall above methylphenidate in order of efficacy. Adderall, when used by persons with ADHD, it is more efficacious and lasts relatively longer in stimulating the persons’ attention (Joan and Davis 56). Further, it is more effective when applied in small doses than when used excessively. This is one of the issues that bring a point of concern in as far as Adderall abuse is concerned. Its excessive use is not what makes it effective, but rather; it only creates more side effects. Adderall is more efficient in psycho-stimulation due to the fact that it has the ability to increase the dopamine levels while preventing the re-uptake of the same (Joan and Davis 58). See more: Sleep Deprivation Problem Solution Speech Essay Side effects of Adderall and Public Awareness Despite the positive effects that Adderall has in psycho stimulation, it also, like other treatment, poses serious and adverse negative effects; the perfect reason why it is important to undertake an intensive awareness on the use of Adderall in the treatment of ADHD. Some of the most adverse side effects that require effective medical response include rapid and uneven heartbeat, light-headedness, which may result in fainting, where there is high blood pressure that causes problems like unsettled concentration, and where the user feels restless and finds it extremely difficult to concentrate (Helms, 1476). Blurred vision and severe headache, excessive discomfort at the chest due to severe chest pains, seizure and numbness are also among some of the adverse side effects of Adderall treatment of ADHD. Insomnia, diarrhoea and constipation, appetite loss and weight loss, loss of sex drive and impotence, dizziness and headache are also some of the side effects although they are a bit mild (Donatelle 232). Despite all these Adderall use related side effects, it is important to note that often, people have over-used the treatment. It has been identified to be addictive hence increasing the chances of its abuse. Just like other treatments, excessive use of Adderall does not help treat ADHD. In fact, it only makes the disorder worse by creating after use problems like troubled concentration, diarrhoea, dizziness, and headache. Instead of stimulating concentration, it only succeeds in creating more attention problems when used in excess (Andrews, et al, 226). Scientific studies have shown that the use of Adderall by pregnant women is extremely dangerous to the unborn child. The rats used in one of the studies indicated that there exist long-term behavioural and neurological changes hat emanates from prenatal and early postnatal amphetamine exposure (Grilly 101). It has also been established that there are chances of low birth weight or even premature birth and the baby may show withdrawal symptoms if the mother used Adderall during pregnancy most especially when she abused the medication. In fact, sudden deaths of children have been linked with the use of Adderall treatment drugs. Consequently, in some nations, the government has made an initiative to highly control the sale of the drugs (Grilly 101). More studies were have also been commissioned to establish the effects of Adderall treatments. They have indicated that there are high risks of a patient developing cardiac defects resulting from the use of Adderall drugs (Donatelle, 232). The rate of heart beat is increased and consequently the blood pressure, when drugs of amphetamine category such as Adderall are used in the treatment of any disorder or disease. The situation gets worse when overused. However, Adderall drugs are only more dangerous when used in a way not prescribed by certified physicians or when administered in response to addiction demands (Moore, 54). Caution is also given to patients with pre-existing mental or cardiac illness since the drug has the ability of aggravating the situation. Persons with a history of drug abuse are also advised not to use Adderall, but may resort to other medical options that respond to the same problem of ADHD. This is due to the addiction nature of Adderall that makes it possible for people to abuse (Donatelle, 232). The above mentioned issues evidently illustrate that the use of Adderall has side effects; something that is shared by a number of treatment compounds. However, when used in small doses, it is more effective in stimulating one’s attention in the process of combating attention deficit. Excessive use of Adderall is extremely harmful to one’s body given the fact that it produces many side effects that in the end override the intended benefits and functions (Grilly, 343). It is, therefore, advisable for the doctors to undertake close and effective observation of their patients to ensure that there is no abuse. Prescriptions should be normal and standard taking into consideration the action of the drug in the body and the half-life of the different strains of Adderall used. It is medically unethical for doctors to provide prescriptions without confirming the status of the patient’s body. Medical examination to identify the pulse rate is necessary. In addition, medical history of the patient with relation to mental illness, cardiac problems or drug abuse or addiction is of primary importance before making a decision of putting persons with ADHD in Adderall treatment (Andrews, et al, 226). Awareness of the drug use should be enhanced most specially in colleges and universities where students have in many cases used Adderall as study drugs to make them stay awake for long periods without sleep as they study. This academic use of Adderall has contributed immensely to its overuse and addiction thereby affecting many users negatively without them realizing it. The use of Adderall has also been identified in sports to an extent that many spots organizations banned the use of the drugs by athletes without any confirmed practitioners prescriptions. It is used as a performance enhancing substance, which is against the sporting policies (Andrews, et al, 226). Adderall has also in the past been used as recreational substance due to its stimulant nature. Some people crush and snort it while others mix it with water in order to use it as injections. Some people use it together with alcohol in order to achieve high level recreation (Moore, 54). The above mentioned different uses of Adderall indicate the extent to which the drug is abused. Awareness is thus important in order to make people understand that it is only meant for the treatment of ADHD, which should also be done in small doses. In order to reinforce the effective use of Adderall, majorly for the stimulation of attention in people with Attention Deficit Hyperactive Disorder, the government ought to legislate against over-the-counter sale of the drug. It should only be made available in hospitals where patients are given after the certification and prescription by the doctors, which should be followed by proper medical examination. Persons found selling the drugs to people who are not prescribed for should be prosecuted (Andrews, et al, 226). The problem that faces the administration of Adderall is that there is not a single standardized dosage because adjustments are allowed according to the patients’ therapeutic needs. However, it is important to consider the fact that Adderall must only be administered in lower dosages despite the adjustments. First and foremost, it is absolutely not recommended for persons or children under the age of 3 years old. Between 3 and 5 years old, the dosage should be 2.5 mg daily with recommended increase of 2.5 mg on weekly intervals. For 6 or more years old children, it is advisable to start them on a 5 mg once or twice a day with increments of the same at weekly intervals on daily basis. The drug administration at all ages should be stopped whenever optimal response is achieved (Grilly, 343). Conclusion Adderall is effective in the treatment of ADHD, but must be ethically administered. Doctors should prescribe the medication after undertaking detailed medical examination in order to identify whether the patient qualifies for the use of the drug. It must be used only for therapeutic roles only without disposing the drugs for non-therapeutic use. In order to reinforce the awareness, governments should intervene and pass legislations that control the sale and use of the drug.

The Little Prince Essay

Lee Hyeon Ju Ms. Sarah Jane ELSEO November 23, 2012 The little prince The little prince has symbolism, it reminds people about meaning of life. Anthoine de Saint Exupery uses symbolism to teach the reader. Firstly, the king symbolizes how power is useless. The fox symbolizes love and the desert flower is meaning of religion. Antoine de saint Exupery uses symbolism to teach the reader meaning of life. He uses the king to represent about power is useless, the fox to teach love and the lower to symbolize religion. The king symblizes how power is useless.The first reason why power is useless for the king is because he lives alone on a planet. Even when the king tires to control the sunset the little prince realizes he can not control it. In order for someone to have power they must have subjects who listen to them. therefore power is useless because no one is under his control unless they decide to be. The fox symbolizes love. The first reason why the fox symbolizes love is because he le t little prince knows how to tame each other. The little prince knows how interaction is important in a elationship. The fox taught him to know invisible things more important than visible in our eyes. â€Å"What is essential is invisible to the eye. † Because the fox and, little prince could remember when they see same colour of them they can reminds each other. The desert flower symbolizes religion. The first reason why the desert flower symbolizes love is because the flower roots meaning of belief . Belief is makes people strong their mind it is not invisible to outside, but it effected so much just like plant’s roots.Also, the desert meaning of the hard life. †but never knows where to find them. The wind blows them away. † The flower had once seen a caravan passing ,the seven men blowed away because they did not have roots like a flower. In conclusion, the little prince make people know about meaning of life. First, the king teach people about useless o f power and the fox teach love, and desert flower is symbolizes of religion. Many people would know how meaningful to read this book because they find important lesson from it.

Recent events have made the patents value of question

Before BUG, Inc. decides to go international the company needs to apply for patents and trademarks to safeguard their corporate image and their product. At the baer minimum, the company needs to apply for an American patent and trademark. Under the guidelines of the Paris Convention of 1870, more than 125 nations worldwide recognize patents that are registered with the World Patent Office in Switzerland (â€Å"International Protection of Intellectual Property† 2007).Recent events have made the patents value of question in some Third World countries as there is an international movement to allow developing nations an exemption from world patent laws, but given the the nature of the product and the import regulations of most modernized countries, the patent protection is certainly worth having. Also important is an international trademark for the company logo (U. S. Trademark Law 2007). Establishing a legal claim to the trademark can help the company to establish an internationa l identity associated with both their name and logo.Neither of these protections are particularly expensive and they can prevent the sale of black market goods which infringe on the BUG, Inc. product. They can also make it possible for BUG, Inc. to seek recompense in the event of patent infringement. Establishing the trademark and patent becomes especially important when Steve engages is corporate espionage and relays internal research and development information to BUG, Inc. ’s competitor, WIRETAP.The first thing that BUG needs to take into consideration with regard to the Steve’s actions as an employee of WIRETAP is that he ahs committed a federal crime under the Economic Espionage Case of 1996 (â€Å"Economic espionage†, 2007). That means that if the company can prduce sufficient evidence, Steve could be facing federal charges for his action. Steve could face 10 years in prison and up to $500,000 in fines related to criminal charges of the theft of trade secr ets (Halligan 1996). WIRETAP could face $5 million in fines. (Halligan 1996).Because Walter was not a law enforcement official, it could be argued that his keeping Steve in a locked room for six hours constitutes false imprisonment and he could face criminal charges related to those actions (Best Practice #1, 1999). According to the International Association of Security Professional, the law allows security guards to detain people suspected of a crime long enough to ascertain their identity and to contact the police, not to question them for six hours, depending on the state they are operating in, he could be charged with false imprisonment or kidnapping.(Best Practice #1, 1999). In addition, in most states, his threats of physical violence, though only threats, constitute a verbal assault on Steve and he could be charged with assault as well. (Online Dictionary, 2007) Furthermore, because Walter did this while on the job and used a company facility to do so, BUG, Inc. may face some liability for his actions as well. BUG could argue that Walter was not acting within the scope of his duties, but that is belied by the fact that he took these actions on company time and on company property.(Best Practice #1, 1999). This may mean that because of Walter’s actions, BUG could be facing greater liability than Steve is. When BUG goes online, it is possible that they may be able to acquire the domain name previously purchased by the clearinghouse corporation through a lawsuit arguing that the clearinghouse purchased it with the intention of depriving them from the trademark (Uniform Domain, 1999).There are also provisions for administrative hearings if BUG can demonstrate that the other entity adopted the domain name just in an attempt to deprive them of the name by which they are commonly known (Uniform Domain, 1999). However, it would be imperative as their attorney to explain that the cost of instigating the lawsuit could be large and that they should weigh th e cost of the lawsuit against the cost of simply purchasing the domain name from the current owners. There are provisions for the recovery of fees through the administrative hearing process, but they are not guaranteed to win (Uniform Domain, 1999).BUG should also be aware that as the instigators of an online contract they can determine what circumstances constitute acceptance of the contract and that American courts have held that online contracts are every bit as binding as written contracts (CyberLaw 2007). The company should also determine what their policy is with regards to sale of their product to non-law enforcement personnel and if they intend to distribute exclusively to appropriate law enforcement personnel, how they will verify that the person ordering the supplies is who they claim to be.The corporation should also consider contracting with an outside firm to supply website security to protect their financial transactions from hackers (CyberLaw 2007). At the BUG plant i n Shady Town, BUG liability for the attack on the vendor and employees is mitigated by the fact that there is a community-wide crime spree underway and by the fact that the company has not replaced lights that have been broken or burned out. As an invited guest of the company, the vendor has the right to expect safety as do employees (Killion, 2007).When sued for losses which occurred on their property, Bug’s attorneys can argue that their responsibility to provide a safe environment for employees and clients was undermined by the community-wide crime spree (Killion, 2007) The investigation into Steve’s actions might result in civil RICO proceedings if the company can prove underlying mail, wire or securities fraud (â€Å"Overview† 2007). Without evidence of the underlying crime, there is no way to pursue civilian RICO charges (â€Å"Overview† 2007).Because the company was aware of the potential danger posed by the earlier model and opted not to correct i t in an effort to lower production costs, BUG is liabile for the injuries suffered by Sally. (â€Å"Product Liability† 2007) If the company had been unaware of the injury potential from the model or had discovered it after the model was in mass distribution and had issued a recall, their liability might have been lower. However, the company was aware of the problem and chose not to fix it in an effort to make more money.At that point, a good personal injury lawyer could argue that BUG was negligent and therefore should be forced to pay not only actual damages to Sally, but also punitive damages in the form of an award for pain and suffering. Punitive damages are awarded when the court determines that a company should be punished for their actions; in this case, for knowing that the product was potentially hazardous and doing nothing to end the danger.If the case went to trial, BUG’s attorneys could argue that the newer models of the device were safer and that the respo nsibility for Sally’s injury should be shared by her employer for failing to provide her with the newer model, but this argument does nothing to decrease BUG’s liability. (â€Å"Product Liability† 2007). WORKS CITED â€Å"Best Practice #1: Detaining Shoplifiting Suspects† www. iapsc. org/uploaded_documents/bp1. doc, November 6, 2007. Computer Crimes & Intellectual Property Law† < http://www. usdoj. gov/criminal/cybercrime/iplaws. html> November 6, 2007. â€Å"Cyber Law† http://www. sidley. com/cyberlaw/features/int_juris.asp, November 6, 2007. â€Å"Free Dictionary† http://www. thefreedictionary. com/assault, November 6, 2007. Halligan, R. Mark. â€Å"The Economic Espionage Act of 1996: The Theft of Trade Secrets is Now a Federal Crime† http://my. execpc. com/~mhallign/crime. html November 6, 2007. â€Å"International Protection of Intellectual Property† < http://www. wipo. int/pct/en/treaty/about. htm> November 6, 2007. Killion, Susan Westrick and Katherine Dempski. â€Å"Legal And Ethical Issues† http://books. google. com/books? id=I20ZNJHFRVcC&pg=PA105&lpg=PA105&dq=corporate+liability+for+attack+on+premises&source=web&ots=WTIBrE-gj2&sig=iVtr5bLslUY7wZLeBT1zNzagWRQ

Business Model and Strategic Plan Essay Example | Topics and Well Written Essays - 750 words

Business Model and Strategic Plan - Essay Example Through this combo-meal product, the larger number of consumers can be enticed to try out the new Starbucks product. A significant amount of advertising would have to be included in this strategy in order to inform the target population of the new product (Cravens and Piercy, 2008). These advertising can simply come in the form of posters displayed in front of the Starbucks stores, and made visible to everyone. Advertisements would also have to be taken out in newspapers, magazines, and the social media. Television advertisements would also help inform a larger population about the new Starbucks product (Cravens and Piercy, 2008). The advertisement would also have to emphasize on the uniqueness of the new product for Starbucks, and all the perks and benefits it can offer the clients. It is important for the new product to stand apart from other combo-meals of other business establishments (Rust, et.al., 2004). The advertisement can present a variety of combination meals of sandwiches and coffee for the customers to choose from. The advertisement can also appeal immediately to individual consumer tastes, including the vegetarians, the vegans, or those who have cultural preferences in their meals. The bottom line of the advertisements is that the new product for Starbucks is one which serves the needs of the consumers satisfactorily (Rust, et.al., 2004). It is also important to test the new product and its viability in the market. This can be done through research. A research can be carried out covering the possible target population. This target population would be invited to Starbucks and would be invited to test the new product. Posters of the new product would be displayed outside the stores (Zeithaml, et.al., 2006). The research would note if the respondents would opt for the combo meal, and what type of meal they would choose. Feedback on the quality and the value for money

Solutions of Slow Housekeeping Services In Palomar Hotel Research Paper

Solutions of Slow Housekeeping Services In Palomar Hotel - Research Paper Example   According to the customer comments from the data collection, the time taken for cleaning a room, the delays in response to customer calls, and the delays of delivering extra towels indicate the slow performance of housekeeping service to customer needs. Therefore, Palomar Hotel needs to solve the situation of above slow services problem to avoid major effects on customer satisfaction. There are two effective solutions to improve the slow housekeeping service, which are additional training for the staff that deals with housekeeping services, and the upgrading of the Property Management Systems (PMS). Additional TrainingAdditional training to the staff to provide more refresher information to guide them in responding to customer requests will improve the level of speed with which housekeeping services are conducted. Additional training will enable the employees to learn how to handle customer request and the response to give to ensure the customer feels attended to. In providing th e additional training, the provision of cleaning services for the rooms is enhanced. The staff is educated on the right times to handle cleaning and retain cleaning material nearby to handle any requests for cleaning services.When a customer call is received, the procedure that it follows to ensure a response is provided is vital. Additional training to equip the staff with confidence and the right attitude to work will provide the staff with motivation that will help increase their speed and efficiency.   

Organizational culture is fundamentally about symbolic meaning and as Essay - 5

Organizational culture is fundamentally about symbolic meaning and as such cannot be managed. Discuss - Essay Example Symbolism in the organisation refers to the wide variety of meaning and expression functions in the organisation. Organisational culture is a network of shared experiences and accepted reality through which tangible expressions are depicted in the symbols of the organisation. Symbolic organisational culture is displayed in the language, mode of dressing, rituals and routines that define the interactions among the stakeholders of the organisation (Brown 1998). Artifacts like pictures on the walls of the building, the smell and emotional overall feel of the organisation are used by the outsiders to gauge whether the company is bureaucratic or informal. For instance, a bouquet of flowers on the reception may be a symbol of stakeholders’ appreciation. The bouquet of flowers may have other associated elements such as the arrangement and texture that will indicate the historic experience of the stakeholders. According to prospective symbolization, artifacts in the organisation are n ot imitations but objects that portray the reality of organisational culture. According to Schein, the first level of organisational culture includes the artifacts that symbolize how employees interact in the organisation and guide the behaviour of employees (Schein 2009). ... The last level of the organisational culture is the assumptions that reflect the shared traditions and beliefs within the organisational culture (Schein 2009). Stories and myths also define the symbolic nature of organisational culture. Stories are used to highlight the past struggles and successes of the organisation. Stories and myths may either be written or oral and are used to orient the new employees to the organisation. Ordinary tells such as weekly sales levels or historic legends like the founders of the organisation help employees understand the strategic mission of the organisation. Effective stories will affirm the strategic and core values of organisation to employees. For instance, stories can be geared at enhancing creativity, professionalism, integrity and hard work thus facilitating the commitment to organisational objectives. The organisation can manage this symbolic element through having written core values that are displayed in walls and company websites. In addi tion, the beliefs are aimed at enhancing the job motivation and increased productivity, thus beliefs can be managed through expression of humor in the workplace (Daft 2010). Organisational routine actions and rituals such as ceremonies like the end of year parties, team retreats and company meetings add a symbolic value to the organisation. The leaders in the organisation should ensure regular performance reports, open performance discussions and board meetings in order to facilitate the evaluation of the past performance of the organisation (Nel 2009). Material objects such as corporate logos, company product designs and status symbols inspire or demoralize the employees. Symbols in the organisation justify

The Importance of Diversity in the University Research Paper

The Importance of Diversity in the University - Research Paper Example While institutional diversity is highly regarded as a positive thing by many, others argue that it can lead to institutional drift and mission overload if parity of esteem does not prevail between institutional types. Despite the many benefits associated with institutional diversity, many institutions of learning in the current day education system are highly characterized with student bodies which are highly deficient of the desired diversity (Vught, 2009). Many factors have been put forth to explain this severe lack of diversity in the institutions of higher learning among them being lack of proper selection mechanisms into the institutions of higher learning and discrimination during the selection process (Devins, 2003). Emergence of many private institutions offering higher education is another major causative agent for higher deficiencies of diversity in higher institutions of learning. Such institutions are merely profit driven and at times tend to compromise the educational va lues associated with diversity. They often concentrate on the breed of students who are capable of raising the huge amounts of tuition fees they charge with less regard to diversity balance (Warner and Palfreyman 2001). In attempts to enhance diversity in institutions of higher learning, states and governments have well defined legal provisions focusing on matters related to students’ diversity (Mellor, 2008). The numerous benefits associated with a diverse student body are universally acknowledged and practices such as provision of racial bonus points are constitutional in some nations. This offers the minority foreign applicants a higher probability of securing places in institutions of higher learning outside their own countries. In other provisions, race is an important factor during admissions for undergraduate programs (Vught, 2009). This helps to achieve a balanced ethnic diversity hence attaining the so much desired diversity in the student body. Notable also is the i ncorporation of affirmative action policies in many public education systems, a strategic move usually geared towards elimination of discrimination and also aimed at coming up with a student body which is ethically balanced in order to a achieve a diverse student body. In most states, measures to mitigate discrimination based on gender, colour, race, religion, which are deeply embedded in their constitutions (Bankston, 2006). Everyone has equal rights to access education and this further enhances diversity since selection process is free and fair and not in favor of any particular group of people. To further uphold diversity in higher institutions of learning, special consideration is usually given to special groups of people in the society (Pollak and Louis, 2005). Women and the disabled for instance are at times given special consideration during the selection process to ensure their numbers in the institutions of higher learning match that of their male counterparts. An important legal provision also aimed at upholding diversity in the institutions of higher learning is the great emphasis given to respect of basic human rights. For purposes of peaceful co-existence of the diverse student community, basic human rights such religious and cultural rights are highly upheld. This allows easy integration of people of different cultural and religious background in a