Wednesday, August 26, 2020

Strategic Management Analysis Case Study, EFAS & IFAS Essay

Key Management Analysis Case Study, EFAS and IFAS - Essay Example Outside elements influenced the Vermont Teddy Bear will be gotten to utilizing PEST examination. Political-lawful powers following up on the Vermont Teddy Bear distribute control and give compelling and protectâ ­ing laws and guidelines. The organization doesn't impacted significantly by political changes. Lawful changes greaterly affected the organization brought about by changing worldwide circumstance and expanded rivalry, high duties and corporate costs the primary changes occurred toward the finish of the 1990s when European market modified boundaries of global rivalry and authorized a time of reassessment. Regardless of the way that the Vermont Teddy Bear is a national organization, these progressions influenced its deals and productivity. Ecological changes recommend that the opening up of the market and the resultant expanded rivalry has broadened the point of view of the arranging system with significant ramifications. The danger was that the expulsion of physical boundarie s and the freshly discovered opportunity of development around the European market have expanded global extension and in this manner raise the level of European exchange. As per the contextual analysis, in 2000 the Vermont Teddy Bear had a decrease in its tasks. Disappointment in venture exercises toward the finish of 1990s prompted declining of money related situaâ ­tion and emergency (Stacey 1996). The social condition incorporates general powers that don't straightforwardly address the short-run exercises of the association however that can, and regularly do, impact its since quite a while ago run choices. For example, â€Å"in 1998, the organization changed this way of thinking by investigating the seaward sourcing of materials, outfits, and assembling with an end goal to bring down costs† (Vincelette et al). Monetary powers manage the trading of materials, cash, vitality, and data (Chaffy et al 2000). This condition proposes incredible difficulties for the Vermont Teddy Bear affected by customers’ devotion and trust. Talking about the nature rivalry it

Saturday, August 22, 2020

Consumer Law Essay Example

Shopper Law Essay Example Shopper Law Essay Shopper Law Essay Exposition Topic: Law The most valuable word reference meaning of a customer is somebody who purchases merchandise and enterprises for individual use or need (Chambers 21st Century Dictionary). All shopper exchanges depend on the law of agreement. The customer consents to buy products or administrations and the merchant consequently give those merchandise or administrations. Each trade of merchandise is an understanding between the purchaser and dealer in this way making them dependent on the law of contact. The significant demonstration that supports and helps customers is the Sale of Goods Act 1979 (SGA), as corrected by the Sale and Supply of Goods Act 1994 and Supply of Goods to Consumers Regulations 2002. The Sale of Goods Act covers exchanges where products are moved for money related thought, called the price(Nutshells p. 1). Over the span of this article I will be taking a gander at the important Acts so as to set up how the law tries to ensure the customer. In the light of the inquiry, by taking a gander at the valuable word reference definition and the definition gave by the applicable resolutions, which expresses that a shopper is a characteristic individual going into an agreement with another over the span of business we can see that Lil unmistakably fits the meaning of a purchaser by meeting both the definitions set out. So as to continue we should now characterize the merchant and being over the span of business. This expression can be utilized in both common and criminal law and the courts in connection have attempted to keep the importance same across the two areas, RB Customs Brokers Co Ltd v. joined Dominion Trust Ltd (a common case) which followed the direction in Davies v. Summer (a criminal case). Corresponding to our situation as the products, which for this situation is the shoes, are moved for a money related thought, the deal is represented by the Sale of Goods Act 1979. Under this Act the inferred terms set out by S. 14 possibly apply when the merchandise are sold throughout business with the exchange being an indispensable piece of the business, with some level of normality and in the idea of exchange and completed with the end goal of making a benefit, this can be found on account of Stevenson v. Rogers (1999). This area doesn't cover any private deals and there is a special case where the deal is completed as a side interest, with no noteworthy benefit being made. In the light of our situation we can obviously name Tuffstuff as the vender and acting over the span of business in light of the fact that the products (shoes) where sold inside the store where exchange is an essential piece of their business. There is a level of consistency since they are continually over the span of business selling shoes along these lines being in the idea of exchange with the end goal of making benefit from their deals. Since I host distinguished the gatherings to the legitimate agreement I will be taking a gander at the terms inferred by the Sale of Goods Act 1979. Areas 12,13,14 and 15 of this Act infer terms into contracts for the offer of merchandise. The fundamental issue here is whether the products (shoes) where fit for their motivation. Area 14 (3) of the SGA 1979 states that the merchant sells merchandise a specific reason for which such products are normally provided (P. 11 Unit Guide). By utilizing and applying this standard to the realities of the case we can see that reason for the merchandise are basic. This is to state whether the design is one for which such merchandise are ordinarily provided and utilized for or one that the purchaser has utilized it for. The reason could be made known by suggestion where the motivations behind the merchandise being referred to are self-evident, e. . a heated water bottle on account of Preist v. Last 1903 (Consumer Law P. 45). Comparable to our case realities we don't have the foggiest idea what sort of shop the shopper brought the shoes from or the kind of shoes theyve acquired detail, we can just depend on the announcement made by the shop supervisor which expresses that the shoes were not expected for use on tough territory. It is expressed that shoppers much of the time get one-reason merchandise where no counsel is taken from the dealer with respect to the products in light of the fact that the intention is suggested being just one-reason merchandise subsequently penetrating S. 14 (2) and 14(3) if the merchandise are damaged. Comparable to multi-reason merchandise the purchaser is encouraged to pose however many inquiries as could be expected under the circumstances about the products and what they can utilize it for so as to profit under S. 14 (3). This can be found on account of Griffiths v. Diminish Conway Ltd 1939 where the purchasers skin condition was not conveyed to the vender consequently there was no break of S. 14 (2) or S. 14 (3). In the event that in cases, for example, this the purchaser doesn't impart what they plan to utilize the products for, other then their ordinary reason, at that point the degree of the merchants commitment is to guarantee that the merchandise are fit for what their unique intention is for (Jewson Ltd v. Kelly 2003). In the light of our situation we can see that the buyer utilized the shoes on a slope strolling occasion. The shoes are one-reason products and are not planned for explicitly to be utilized on rough landscape, as the retailer sensibly accepted. There was no correspondence among Lil and the merchant before the deal in regards to if the shoes could be utilized for slope strolling, in the event that anyway Lil posed numerous inquiries and assembled data in regards to the products, at that point she could have the most extreme advantage under S. 14 (3). Area. 14 SGA infers that products must be of palatable quality. So as to prompt Lil on her legally binding rights it is indispensable to comprehend this segment of the Act. In any case, the theme here respects the quality and wellness of the item in concern. Area. 14 (2) expresses that Where the merchant sells products. provided are of agreeable quality. So as to proceed onward we should comprehend what agreeable quality methods. Before 1994 the test was to check whether the merchandise were of merchantable quality. This was later supplanted by the trial of good quality. The requirement for this change was featured on account of Bernstein v. Pamson Motors (1987) (Consumer Law P. 45). The wording of the SGA 1979 was altered with the death of SGA Amendment Act 1979 which currently expresses that merchandise are of good quality on the off chance that they satisfy the guideline that a sensible individual would see as palatable (P. 11 Unit Guide) assessing any depiction of the products, the cost and all other significant conditions (s. 14 (2a)). Additionally s. 14 (2b) states that nature of products incorporate their state or condition and 5 different focuses (A. Readiness for all normally provided, B. appearance and finish, C. opportunity from minor imperfections, D. security and E. solidness (P. 11 Unit Guide)). In the light of our case focuses A, D and potentially E unmistakably apply as significant and should be considered on the grounds that the other 2 quality focuses can be viewed as satisfied by the merchant. The shoes bought by the purchaser were not solid and had self-destructed making them unwearable which could be hazardous for the customer. The way that the shoes were not tough could mean they are not of agreeable quality under the SGA 1979. The instance of Bernstein v. Pamson Motors (1987) could be valuable under the solidness area. The inquiry we have to pose is to what extent we anticipate that new merchandise should last? From the Act this is difficult to make sense of on the grounds that the definition states strength is a factor yet doesn't give any additional data so it is valuable to take a gander at the realities of each case so as to decide toughness of new merchandise. In the Bernstein case Rougier J. held that the vehicle brought was not merchantable quality since you would expect purchasing another vehicle the motor would not seize up following three weeks. In todays case the vehicle would not be one of acceptable quality. Before we arrive at a strong resolution with respect to Lils authoritative rights and any cures, which may exist, another issue raises. Terms in S. 13, 14 (2) and 14 (3) are on the whole conditions. Their significance is fundamental as purchasers are concerned in light of the fact that they can influence the cures they can seek after. Anyway S. 11 (4) of the SGA calls attention to that where an agreement of offer isn't severable to be treated as a break of guarantee (Nutshells P. 14). The issue is whether there is proof of acknowledgment of the merchandise, which influences the kind of cure the shopper, is qualified for guarantee. Segments 34 and 35 of the SGA administrate acknowledgment and S. 35 pronounce that acknowledgment can happen in three different ways. 1) By suggestion to the dealer that is to state verbally advising the merchant that you acknowledge the great 2) by a demonstration after conveyance conflicting with the venders proprietorship 3) by means of maintenance past a sensible time (Consumer Law and Practice P. 110-12). Regarding our situation the last technique for acknowledgment (number 3) is unequivocal. The inquiry we have to pose is when does the time begin to run and what is viewed as sensible? The key instance of Bernstein v Pamson Motors (1987) where it was held saving the vehicle being referred to for three weeks comprised to acknowledgment, which implied the buyer, was qualified for an impartial cure just (Nutshells P. 15). Anyway this case was seen not to be invaluable to customers and the changes imply that the law is currently more for the buyer. The Court of Appeal as of late held that Bernstein was not, at this point great law. On account of Clegg v. Olle Andersson (2003) the point behind S. (5) had been accomplished and that the purchaser could dismiss his yacht significantly following seven months (Consumer Law and Practice P. 113) Nevertheless having ownership of merchandise past sensible timeframe still comprises acknowledgment yet sensibility is an issue of reality and the issue of having sensible time to look at the products must be thought of. According to our situation and the case realities the inquiry we have to pose is whether Lils occasion is sensible t ime for acknowledgment and sensible time to look at the merchandise? The realities of the cases are unique so as to reach a resolution. In custom an issue like this is probably not going to emerge in light of the fact that Lil will have a privilege of fix or

Friday, August 21, 2020

Managing The Learning Org 2 Example

Managing The Learning Org 2 Example Managing The Learning Org 2 â€" Essay Example > Assessment 1IntroductionFor organization aspiring to remain relevant, learning better and decisively is of great importance. Most organizations’ leadership apply a speedy and straightforward fixes often driven by technology in practicing what is widely known as ‘the learning organization’. More often this concept is developed as a result of pressure facing the modern organizations and it creates the strategy desired by organizations enabling them to stay aggressively competitive in their business environment. In developing a learning organization, there are five critical features that have to be reversed. Senge (1990) proposes that within the organization people have to put aside their old ways of thinking, learn to be open with others, understand the way their company works, develop a shared vision and ultimately work together objectively to realize that vision as a team. None of the five features are new. However, developing them in this manner creates new ideas that are p owerful through combining them. More often there are several factors triggering this change. It is in this sense that learning organization remains ideal for organization to evolve in order to respond to various challenges they face, it is therefore identified that individual and collective learning are key. There are two basic things resulting from this first; while there exist varied form of debates involving learning organizations it remains difficult to identify real life examples. The case may differ as the reason might be the vision is too ideal or it is simply is not relevant to the requirements and dynamics of the identified organization. The second issue touches on the workforce focus on creating a model needed to present in a form that is commercially attractive to the consultants and writers who has led to a significant under-powering the theoretical framework for learning organization (Dixon, 1999). Learning OrganizationIt is in these contexts that we attempt to explor e the art and practice of this popular notion ‘learning organization’, there is no clear definition for this with many authors clearly proving the term to be elusive. In understanding the real meaning of the learning organization we can exhibit three varied definitions (Hodgkinson, 2000). According to Mathews, (1999), learning organizations are business entities where individuals constantly expand their capacity in creating results that they truly yearn for. In this case new and unreserved model of thinking are nurtured, where joint employees aspiration achieved freely, while people within the organizations persistently learn to achieve their desires together. The learning organization in our second definition is viewed to be a vision that might be a probable idea which is not brought about basically, by training individuals but rather happens as a result of learning at organization level. Hence, learning company in this context is perceived by an organization that facilitates learning of all its members and on a continuous basis it transforms its self (Cummings, 2008). The learning organization is portrayed by total workers involvement in a course that is collaboratively done, in a communally and responsible to change that is focused in achieving shared principles (Mathews, 1999, 118). Much is shared among all these definitions and partly contrast too is revealed. In the first definition Pedler et al approaches learning organization as something that is imitated and developed by senior management, involving top-down leadership hierarchy across the managerial level they are obligated to. The context in this definition can be contrasted with a more to self-ruled approaches for instance, in the case hinted by (Tsang, 1997). There is a varied assumption over ‘learning organization’ with most writers suggesting that a learning organization falls to any given organization.

Managing The Learning Org 2 Example

Managing The Learning Org 2 Example Managing The Learning Org 2 â€" Essay Example > Assessment 1IntroductionFor organization aspiring to remain relevant, learning better and decisively is of great importance. Most organizations’ leadership apply a speedy and straightforward fixes often driven by technology in practicing what is widely known as ‘the learning organization’. More often this concept is developed as a result of pressure facing the modern organizations and it creates the strategy desired by organizations enabling them to stay aggressively competitive in their business environment. In developing a learning organization, there are five critical features that have to be reversed. Senge (1990) proposes that within the organization people have to put aside their old ways of thinking, learn to be open with others, understand the way their company works, develop a shared vision and ultimately work together objectively to realize that vision as a team. None of the five features are new. However, developing them in this manner creates new ideas that are p owerful through combining them. More often there are several factors triggering this change. It is in this sense that learning organization remains ideal for organization to evolve in order to respond to various challenges they face, it is therefore identified that individual and collective learning are key. There are two basic things resulting from this first; while there exist varied form of debates involving learning organizations it remains difficult to identify real life examples. The case may differ as the reason might be the vision is too ideal or it is simply is not relevant to the requirements and dynamics of the identified organization. The second issue touches on the workforce focus on creating a model needed to present in a form that is commercially attractive to the consultants and writers who has led to a significant under-powering the theoretical framework for learning organization (Dixon, 1999). Learning OrganizationIt is in these contexts that we attempt to explor e the art and practice of this popular notion ‘learning organization’, there is no clear definition for this with many authors clearly proving the term to be elusive. In understanding the real meaning of the learning organization we can exhibit three varied definitions (Hodgkinson, 2000). According to Mathews, (1999), learning organizations are business entities where individuals constantly expand their capacity in creating results that they truly yearn for. In this case new and unreserved model of thinking are nurtured, where joint employees aspiration achieved freely, while people within the organizations persistently learn to achieve their desires together. The learning organization in our second definition is viewed to be a vision that might be a probable idea which is not brought about basically, by training individuals but rather happens as a result of learning at organization level. Hence, learning company in this context is perceived by an organization that facilitates learning of all its members and on a continuous basis it transforms its self (Cummings, 2008). The learning organization is portrayed by total workers involvement in a course that is collaboratively done, in a communally and responsible to change that is focused in achieving shared principles (Mathews, 1999, 118). Much is shared among all these definitions and partly contrast too is revealed. In the first definition Pedler et al approaches learning organization as something that is imitated and developed by senior management, involving top-down leadership hierarchy across the managerial level they are obligated to. The context in this definition can be contrasted with a more to self-ruled approaches for instance, in the case hinted by (Tsang, 1997). There is a varied assumption over ‘learning organization’ with most writers suggesting that a learning organization falls to any given organization.

Sunday, May 24, 2020

The Impact Of Social Media On University Education Essay

Over the past 500 years, the influence of the mass media has grown rapidly with the development of technology. Social media and more specifically social networking have gained a vast amount of attention as a key concept in innovative ways to communicate in university education. Although there has been a large amount of critique both by academics and citizens interested in the effects of social media on university education. It is for this reason that I have chosen this as a topic to conduct research into this area. The purpose of this work is to conduct a literature review that examines both academic and non-academic sources. It is important to take into consideration both types of sources in order to ensure a well-rounded and non-bias view on this topic. In recent times there has been a large amount of debate around the effectiveness of the use of social networking sites for educational purposes. Social media such as Facebook, internet forums, blogs, wikis, podcasts and videos have been the subject of many extensive discussions in recent years and this is due to social media’s rapid growth and popularity. The increase of social networking is used extensively for the purpose of communication and its power to spread information and engage with students has been recognised as an influential tool within education. Another idea that is often expressed is that while social networking may increase communication and collaboration among peers, it also acts as tool for contentShow MoreRelatedThe Impact Of Internet On The Economy1544 Words   |  7 Pagesbeen a paradigm shift in the nature of the economy; from industrial to informational. The rapid proliferation of internet have made an impact on almost every industry including the educ ation industry. Internet has become the preferred mode of communication. It has helped in not only bringing the world closer through websites, emails, internet phones, and social media but also have been one of the most significant factor responsible for cost reduction, increased convenience, and faster process (Li,Read MoreHorizon Report: Higher Education Editions Essay1613 Words   |  7 PagesHigher Education Editions seeks to answer several questions and as such examined emerging technologies for the potential impact on and use in teaching, learning and creative inquiry within the environment of higher education. They also seek answers to the many local factors which affect the practice of education, the issues that transcend regional boundaries and questions common to higher education. This report focused on 18 topics identified by the expert panels which are likely to impact technologyRead MoreA Critical Thinking Paper On Social Media1116 Words   |  5 PagesDate: 09/14/20 14 Name: Yifei Ren Social media means everything? Recently, people are now discussing how social media changes our life, whether it is good or bad. Some of them think that social media is a kind of fad because of its rapid development. Others think that it is really useful and makes our life easier than before. Yes, social media develops rapidly. From the â€Å"Is Social Media a Fad† video, we know that over 50% of the world’s population is under 30Read MorePros and Cons of Social Media1064 Words   |  4 Pagesthe world to meet loved ones, share memories and stay in touch. Social media can be defined as â€Å"websites and applications that enable users to create and share content or to participate in social networking† (Lubbe). Social networking sites have made it unbelievably easy to talk to friends and families who live far away, and share pictures and videos of every special event in one’s life. The facility however doesn’t end there. Social networking sites such as Facebook and Twitter are also commonlyRead MoreLiterature Review : A Research Essay1741 Words   |  7 PagesDevelopments and Social Networking Sites When Hartshorne, Ajjan, and Cao (2016) conducted their study, they observed that there has been a significant increase in the number of social networking websites today. Indeed, Jacobsen and Forste (2011) argue that social networking websites have become an international phenomenon in recent years, with many individuals, especially teens and young adults becoming obsessed and addicted to this relatively new sensation. Teenagers and young adults use these social networkingRead MoreThe Impact Of Social Media On Education996 Words   |  4 Pages d. Education (Rafia Haq) Social media in education plays an important role in encouraging student creativity. These platforms have cooperative and collaborative learning opportunities and include many options to give feedback. Katie Lebel, Karen Danylchuk and Patti Millar state in Social Media as a Learning Tool: Sport Management Faculty Perceptions of Digital Pedagogies: â€Å"Social media provide a unique arena in which we can engage student through content creation and curation while simultaneouslyRead MoreImpact Of Technology On Higher Education1257 Words   |  6 PagesHigher Education Mithun Tamilarasan Student no. 1425955 UNIVERSITY OF CHESTER Master of Business and Administration Gautham Rajkhowa 22/10/2014 Table of context 1. Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 2. Technology and Quality of learning†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...3 3. Negative aspects of Technology†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....4 4. Internet and education†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4 5. Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.5 Technology Impact on HigherRead MoreSop Essay Examples824 Words   |  4 Pagesof creative interaction is often collaborative and has allowed me to develop tactful communication skills, building relationships between colleagues, clients and suppliers. Consequently, my training in photography and graphic design combined with media and communications consultancy experience continues to influence my independent photographic and educational practice. My professional interest in editorial photography, design and copywriting has enhanced my photographic collaborations and workingRead MoreSocial Media Negative Effects On People1255 Words   |  6 Pages Social media negative effects on people psychology paper Research Question: How Social media has negative effects on people? Review of literature: Social Media may seem positive and safe, but they affect our daily lives more than you can think of. If someone is sad or mad it could be because they have just used social media . It’s true people’s emotions can change because of social media. Due to this fact I got curious andRead MoreSocial Medi The Top Form Of Communication1605 Words   |  7 Pagesworld. Things changed drastically once social media was presented to teens. Social media has given teens more ways to express themselves, but has come at a high price. Although social media is the top form of communication even above cell phones, it has brought many risks. Social media has changed a lot in recent memory, affecting communication methods amongst teens, social, and psychological behavior. The pros associated with social media are communication, social networking, and freedom of speech while

Thursday, May 14, 2020

Essay about Generally Accepted Accounting Principles and...

EXERCISES AND PROBLEMS ch 1 Carry Yoki’s Lounge consists of the following. Carry, the owner believed that people would come to hear a band play on Friday, Saturday, and Sunday evening. During the remainder of the week, she believed her customers would watch sporting events on several television sets located throughout the lounge. Carry employed two bartenders, three servers, two assistant servers, two cooks, one dishwasher and a clean-up person. She had a bar, 15 barstools, 4 tables, 40 chairs, 4 television sets, and one satellite dish. She had an oven, stove, grill, refrigerator, sinks, dishes, and glassware. Carry started this business with $50,000 of her own money, and she borrowed $150,000 from the bank. From this†¦show more content†¦Your friend has been in business for two years, and last year he had a loss of $2,000. How can you explain this difference in interest rate to your friend? The bank charges interest based upon risk. The probability of the automobile manufacturer defaul ting on the loan is very remote; therefore, they get a favorable interest rate from the bank. Since your friend lost money last year and since over 40 percent of all small businesses fail in the first five years, the bank’s risk is much higher and therefore they will charge a higher interest rate. EXERCISES AND PROBLEMS ch 1 1.Carry Yoki’s Lounge consists of the following. Carry, the owner believed that people would come to hear a band play on Friday, Saturday, and Sunday evening. During the remainder of the week, she believed her customers would watch sporting events on several television sets located throughout the lounge. Carry employed two bartenders, three servers, two assistant servers, two cooks, one dishwasher and a clean-up person. She had a bar, 15 barstools, 4 tables, 40 chairs, 4 television sets, and one satellite dish. She had an oven, stove, grill, refrigerator, sinks, dishes, and glassware. Carry started this business with $50,000 of her own money, and she borrowed $150,000 from the bank. From this description, list each of the scarce resources that are used in Carry Yoki’s Lounge. 2.Joe Fixit has an appliance repair business. He has more business than heShow MoreRelatedGenerally Accepted Accounting Principles and Balance Sheet4310 Words   |  18 Pages A company’s fiscal year must correspond to the calendar year. T154. Accounting periods should be of equal length to facilitate comparison between periods. T155. When there is no direct connection between revenues and costs, the costs are systematically allocated among the periods benefitted. T156. Applying accrual accounting results in a more accurate measurement of profit for the period than does the cash basis of accounting. F157. Adjusting entries affect cash flows in the current period. T158Read MoreFoundational Accounting Principles and Terminology1060 Words   |  5 PagesRunning Head: Foundational Accounting Principles and Terminology 1 TUI University Eric Bollar Module 1: Case Assignment ACC501 Accounting For Decision Making Dr. Wendy Achilles January 21, 2011 Foundational Accounting Principles and Terminology 2 We all know how important the accounting aspect of any business/organization is. It is basically the most important way to manageRead MoreAcc 290 Week 3 Practice Quiz New844 Words   |  4 Pagescom/product/acc-290-week-3-practice-quiz-new/ Contact us at: nerdypupil@gmail.com ACC 290 WEEK 3 PRACTICE QUIZ NEW Question 1 The revenue recognition principle dictates that revenue is recognized in the period in which the cash is received. Question 2 The generally accepted accounting principle which dictates that revenue be recognized in the accounting period in which the performance obligation is satisfied is the Question 3 Which statement is correct? Question 4 Book value is equal to cost minusRead More Accounting and Finance Essay1542 Words   |  7 Pages Abstract A largely accepted language is required for a business or organization to effectively communicate its results and position to stakeholders, which is why accounting has come to be known as the language of business. Accounting is really the means for providing financial information to others. Financial analyst then take the data the accountants have compiled in the form of reports, and make educated guesses at what their company should do next. David ballast (1996) stated, TheRead MoreComparison Of IFRS to GAAP Essay1192 Words   |  5 Pagesâ€Å"International Financial Reporting Standards† and GAAP, â€Å"Generally Accepted Accounting Principles†. These two frameworks of accounting principles and practices share a lot of standards and procedures, but also differ on accepted policies. This paper will answer those standards and differences but also show the comparison of the two. Let’s look at what ways does the format of a statement of financial or position under IFRS often differ from a balance sheet presented under GAAP. IFRS â€Å"International FinancialRead MoreWileyPLUS Chapter Two1272 Words   |  6 PagesWileyPLUS Chapter Two Copyright  © 2009 John Wiley Sons, Inc. All rights reserved. WileyPLUS Chapter Two SUMMARY OF STUDY OBJECTIVES 1Identify the sections of a classified balance sheet. In a classified balance sheet, companies classify assets as current assets; long-term investments; property, plant, and equipment; and intangibles. They classify liabilities as either current or long-term. A stockholders equity section shows common stock and retained earnings. 2Identify and compute ratiosRead MoreAssets, Liability, Owners Equity and the Accounting Concepts1211 Words   |  5 Pagescompany’s balance sheet. The balance sheet, which shows a business’s financial condition at any point, is based on the equation of assets equals to liabilities plus owner’s equity. This equation is also the framework track of money as it flows in and out of a company. Starting with the first penny a company earn, will be recorded in a general ledger each and every transaction using double-entry system of debits and credits. Assets get recorded on the top or the left side of the balance s heet while liabilitiesRead MoreInternational Accounting Standards : Standards1365 Words   |  6 PagesInternational Accounting Standards What are International Accounting Standards? The International Accounting Standards or IASC are accounting standards issued by the International Accounting Standards Board or IASB and its predecessor, the International Accounting Standards Committee or IASC. The International Accounting standards were started in 1966 after a proposal that was presented to create an International Study group that included the Institute of Chartered Accountants of England and WalesRead MoreNur 571 Generally Accepted Accounting Principles1017 Words   |  5 PagesGenerally Accepted Accounting Principles Amy Santus RN BSN HCS/571 October 3, 2011 Debra Vaughn Increasing pressures of cutting costs and improving the quality of care in health care services influences the management of the health care organization to implement the generally accepted accounting principles (GAAP) within their daily routines. Generally accepted accounting principles (GAAP) are a set of uniform accounting guidelines health care organizations followRead MoreComparing IFRS To GAAP Paper836 Words   |  4 Pagesï » ¿Comparing IFRS to GAAP Paper There are several differences between the International Financial Reporting Standards (IFRS) and the U.S. Generally Accepted Accounting Principles (GAAP). The IFRS is considered more of a principles based accounting standard in contrast to U.S. GAAP which is considered more rules based. By being more principles based, IFRS, arguably, represents and captures the economics of a transaction better than U.S. GAAP. As a team me collaborated to answer the following seven

Wednesday, May 6, 2020

Is Cloning Ethical Or Moral - 1617 Words

Cloning is one of the most controversial topics in all of science in the current day. Technology has come miles from where it has been, and we still have yet to perfect how it is used. When I chose this topic as one of the two I had to pick from the list, I didn’t really know how cloning worked or how I actually felt about the on-going conversation of whether or not cloning is ethical or moral, much less legal. What I have come to conclude after the various articles I have read, and the different opinions I have heard is that I feel indifferently about it all. I think the idea of having a clone is pretty awesome, and for some time was just a fantasy far beyond our imagination. But now that it could actually turn from a complete fantasy into reality kind of throws me for a loop. So, now that cloning could become a common occurrence to see, is it possible that the disadvantaging effects out-weigh those that would benefit humanity? As I have researched this topic I learned about the two different types of cloning, therapeutic and reproductive. Therapeutic is where cells from an organ are taken and cloned in order to make a better functioning organ. Reproductive, obviously is the use of a pre-existing humans make-up in order to create a brand new human being out of this person. When I said I was indifferent about cloning, basically I was saying that I am for one type and against the other. Therapeutic cloning has many benefits to society, and I feel as if it will be used in theShow MoreRelatedCloning Ethical And Moral Dilemma3147 Words   |  13 Pages Cloning an Ethical and Moral Dilemma Scott Blakley Jr. YC English 101, Period 3 Dr. Palm 1 December 2014 Cloning an Ethical and Moral Dilemma Science has been plagued with the limits of ethics and morals of the people that fail to see the bigger picture that research can help to bring great things to the world. Cloning is one of the major fields that are affected by closed minded beliefs and laws that prohibit research. Should the search for finding medicine that could save lives andRead MoreMoral, Social, And Ethical Implications Of Cloning2179 Words   |  9 PagesMoral, Social, and Ethical Implications of Cloning â€Å"Clones are organisms that are exact genetic copies. Every single bit of their DNA is identical. Clones can happen naturally—identical twins are just one of many examples. Or they can be made in the lab. Natural identical twins are similar to and different from clones made through modern cloning technologies.† (Genetic Science Learning Center) Cloning has many different aspects; there is the moral, social and ethical aspects of cloning. 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