Introduction to Business Law and Ethics

Introduction to Business Law and Ethics Susana Silvestri Grand Canyon University BUS-340 October 17, 2010 Introduction to Business Law and Ethics Statutory interpretation was critical to the Supreme Court of Colorado’s resolution of a 2007 case, Pringle v. Valdez. Using an online source or sources, locate the Pringle decision. Then do the following: 1. Read Justice Bender’s majority opinion and prepare a case brief of the sort described in this chapter’s appendix on â€Å"Reading and Briefing Cases. 2. Read the dissenting opinion authored by Justice Coats. Then prepare a one-page essay that (a) summarizes the principal arguments made in the dissenting opinion; (b) sets forth your view on which analysis—the majority opinion’s or the dissenting opinion’s—is better; and (c) Provide the reasons for the view you have expressed in (b). 1. Case Briefing Pringle v. Valdez 06SC92 (2007) Court: Supreme Court Class: Civil Facts: Pringle lost con trol of the vehicle while taking Valdez home.Valdez was not wearing his seatbelt causing a series of injuries when ejected of the vehicle. Valdez requested compensation for impairment and disfigurement, and noneconomic losses. The argument lays on the â€Å"Noneconomic losses† which might fall under the â€Å"pain and suffering† under the seatbelt defense. Issue: The wording used involving â€Å"pain and suffering† and â€Å"noneconomic damages† referred to in the Seatbelt defense provision Holding: Awarding of $400,000 for physical disfigurement and impairment. Rule:The wording in dispute â€Å"pain and suffering† and â€Å"noneconomic damages† will be further evaluated. Analysis: â€Å"Pain and Suffering† and â€Å"noneconomic damages† are many times considered to be similar and by studying the demand of the case it can be ruled as been the same but using a different name. Conclusion: Non-award of $100,000 for noneconomic dam ages. Award of $400,00 for physical impairment and disfigurement. Pringle v. Valdez is obviously at first a case of Majority Opinion which in an appeal court was turned into a dissenting opinion.Part of the case held while the other was discussed, studied and adjust for an accurate ruling, in order to explain and grant a decision by the jurors and the judge according with the Statutory Interpretation of the case. Mallor, J. P. , Barnes, A. J. , Bowers, T. & Langvardt, A. W. , 2010, p. 24 http://www. courts. state. co. us/Courts/Supreme_Court/opinions/2006/06SC92. pdf Jerrie Gray worked at a Tyson Foods plant where she was exposed to comments, gestures, and physical contact that, she alleged, constituted sexual harassment.Tyson disputed the allegation, arguing that the behavior was not unwelcome, that the complained about conduct was not based on sex, that the conduct did not affect a term, condition, or privilege of employment, and that proper remedial action was taken in response t o any complaint by Gray of sexual harassment. During the trial in federal court, a witness for Gray repeatedly volunteered inadmissible testimony that the judge had to tell the jury to disregard. At one point, upon an objection from the defendant’s counsel, the witness asked, â€Å"May I say something here? The judge told her she could not. Finally, after the jury left the courtroom, the witness had an angry outburst that continued into the hallway, in view of some of the jurors. The jury awarded Gray $185,000 in compensatory and $800,000 in punitive damages. Tyson believed that it should not have been liable, that the awards of damages were excessive and unsupported by evidence, and that the inadmissible evidence and improper conduct had tainted the proceedings. What courses of action may Tyson pursue? Tyson Foods entered a trial in a Federal Court after a sexual harassment case was filed.Tyson Foods follow protocol and tried to solve the issue ahead of time. During trial t he witness continued to make comments that were dismissed which were then awarded based on comments made after the hearing was completed and the company was liable to pay almost $1,000,000. 00. Based on Tyson Foods believes they should appeal the Federal Court decision due to the fact that the claims were unsupported by evidence. Also they should add the fact that the inadmissible evidence and improper conduct of the witness had tainted the proceedings issuing an unfair ruling.You own a consulting firm with 32 employees and annual billings of $29,000,000. One of your clients, whom you bill an average of $1,200,000 annually, has asked you to hire her grandson. You know that the grandson has been recently graduated from a top-20 business school. He is 31 years old, has a solid academic record, and possesses the personal and professional skills to be successful as a consultant. You also know, however, that he is a recovering cocaine addict, having struggled with the addiction for five years prior to his attending business school.Your firm has a strict no-drugs policy, which you usually interpret to exclude those who previously abused drugs. Using justice theory, justify a decision to exempt the grandson from your firm’s no-drugs policy. Could you make the same decision as a profit maximizer? This decision can doors to law suits for discrimination to previous applicants which applications had been denied. On the other hand, the company has the risk to loose a good client. As owner, I will first make sure to read, examine and adjust any clause related to hiring and the no-drugs policy. The words â€Å"recovering† and â€Å"recovered† are different.Hiring someone in the recovering stage, the company is breaking the no-drugs policy. If adjustments are made to the policy to accommodate applicants from this point on that are â€Å"recovering† or â€Å"recovered† drug addicts, it will be to implementing random drug tests weekly. This w ill be costly to the firm but will guarantee the no-drug policy to remain unbroken; the potential new employee must agree to this practice and the consequences based on the results. Justice Theory is based on â€Å"the protection of those who are least advantaged in society† (Mallor, J. P. , Barnes, A. J. , Bowers, T. & Langvardt, A. W. , 2010, p. 5), making changes and adjusting the policy will fall under this category. Giving a second chance to those in disadvantage in society. Maximizer â€Å"requires a decision maker to maximize a business’s long-run profits within the limits of the law†(Mallor, J. P. , Barnes, A. J. , Bowers, T. & Langvardt, A. W. , 2010, p. 95) if this potential employee is capable to obey the policy and continue a successful recovery it could mean a win-win situation. You are assigned by your employer, Jay-Mart Corporation, an international discount retailer, to supervise the construction of ten new retail superstores in Shanghai, China.A ll construction is being done by a Chinese-owned contractor in compliance with Ja to those iny-Mart’s construction standards. After an earthquake in China kills over 70,000 people, China’s legislature passes a statute requiring new buildings to have a greater ability to withstand a large earthquake. The Chinese contractor has approached you and suggested that the new Chinese construction standards are unnecessarily high, that Jay-Mart’s construction standards are sufficient to protect against any earthquake likely to occur, and that the cost of complying with the new Chinese construction standards will increase construction costs 20 percent.What do you do if you believe that ethical behavior requires you to maximize Jay-Mart’s profits? A â€Å"profit maximization results in ethical conduct because it requires society’s members to act within the constraints of the law. A profit maximizer, therefore, acts ethically by complying with society’s mores as expressed in its laws. † (2) (Mallor, J. P. , Barnes, A. J. , Bowers, T. & Langvardt, A. W. , 2010, p. 7) With this in mind the supervisor of the construction site, the decision has to be made were the company’s profit could be reduced to 20% due to the increase of the construction. This change should be shown to the company’s finance department. The profits at short term could be affected by going with the construction based on the laws standards. By actually continue with the original plan the company could be liable to law suits if another natural disaster occur and the construction standards were not followed, this could affect the long run profits of the company.There are many ways to cut expenses; one that could be proposed can be to build 8 stores instead of the 10 originally proposed, this will absorbed the 20% increase to maintain the project under the stipulated budget without affecting the short term profit.References Mallor, J. P. , Barnes, A. J. , Bowers, T. & Langvardt, A. W. (2010). Business Law (14th ed. ). Boston, MA: McGraw-Hill Irwin http://www. courts. state. co. us/Courts/Supreme_Court/opinions/2006/06SC92. pdf (Retrieved October 12, 2010)

Health Status of African American Men Essay

Introduction Research and technological advancement made in the United Stated of America (USA) has led to the improvement of health outcomes among the citizens of this country. People are living longer, cures are being developed daily, and many unanswered health questions are being answered then ever before. However, despite this multitude of improvement in the health status of Americans, African American men are disproportionately affected by health inequalities as compared to their Caucasian men. This paper will identify a minority group and offer relevant information of the factors that preclude minorities from quality health care, with noted barriers and interventions that will lead to improved health care and achieve the goal of quality life styles for not just one culture of people, but all people in the United States. Identifying Health disparities in African American Men African American men have the highest mortality rates and the lowest life expectancy rates among women and men in all of the racial and ethnic groups in America. The mortality rate for African American men is about 1.3 times that of White men. Life expectancy for African American men is 70 years old compared to White males living to age 76 (Xanthos, 1998). The death rate for blacks are 3 times higher than whites, due to the social and economic conditions of poverty, unemployment, stress, education, neighborhoods and their disproportionate risk for disease (Net wellness, 2014). African American men die 2.5 times more than White men from prostate cancer; African American men are 8 times more likely to die from HIV; African American men are 2 times more  likely to develop heart disease and 3 times more likely to develop hypertension (Men’s Health). When compared to White men, African American men development diseases earlier, suffer from more severe diseases, and have less acce ss to medical care. The most disturbing fact to access to care is that White men are more likely to receive state of the art treatment than African American men. The exploitation of race and gender has been rooted in class status. This widespread behavior has been seen since the founding of this nation. Class has been used as a way to Indirectly suppress the poor in all sectors of life. It is the ways in which access to a variety of social goods such as the employment, housing, power; education and income are distributed in this country. Many of the questions and issues regarding this have been and continue to adversely affect the health of African American men. Having the understanding that there are barriers that are difficult to address in any one health promotion, and being able to rethink how these barriers function in the lives of African American men, will result in likely success in promoting quality healthcare. How is Health promotion defined by this group? Life style plays a major role in the prevalence of chronic disease. Given the factors that impact racial discrimination concerning the health care of African American men, we can start by promoting policies which address all racial discrimination. We must strengthen anti-discrimination legislation that addresses unemployment. We reform and improve the interaction with African American male students, by increasing funding to the African American communities, which would lead to having more marketable African American men in the work force. We must also address the racial biases in the criminal system, reducing the number of African American in our jails. If we use the landmark law, the Affordable Care Act (ACA), we will enable over 30 million people with much needed health insurance coverage. With the provisions of the ACA not only will health insurance coverage be accessible, but provisions related to disparities be reduced, data collection and reporting will be more effective and inclusive of quality improvement and prevention. This act will promote prevention and wellness  programs, giving all people more control over their health care (Sebelius, 2011). According to the Healthy People 2020, one of the goals is to â€Å"achieve health equity, eliminate disparities and improve the health of all groups.† By tracking death rates, acute and chronic diseases, injuries and all health related behaviors, this will assist health care providers become more proficient in diagnosing and providing treatment in the areas of cardiovascular disease, cancer, HIV and diabetes while being culturally competent (Healthy People, 2020). Our local, regional, and national organizations must take an action role in providing guidelines to develop comprehensive health care interventions that are designed for people of all cultures (Argondezzi, 2001). The successful strengthening of infrastructures to prioritize the challenges of reducing health disparities of African American men will achieve the much needed sources to eliminate unequal treatment. Exponents for social justice and equality have continued to disseminate information on the importance of addressing this problem. Many professional organizations, governmental and non- governmental bodies such as WHO and Public Health Organizations as well as individuals like Paul Farmer and Barbara Ehrenreich have been active on the forefront either directly or indirectly in advocating for social justice. Given the multi-faceted nature of the problem Barbara Ehrenreich a writer by profession and PhD by education, conducted an experimental study on class in the United States of America by self experiencing the reality of living as a lower class citizen with a lower and unskilled paying job in her book entitled; Nickel and Dime (Ehrenreich, 2008). Nickel and Dime is a non fictitious writing that depicts the social class of America. Barbara Ehrenreich, is a reporter and a writer who decided to experiment on how unskilled low wage workers are able to live on their minimum wages. To experiment the effects of living as a lower class citizen in this country, she decided to live in three different states month by month while living on just what she made as an unskilled worker. Her decision first took her to Key West, Florida, where she begun working as a waitress in a restaurant. She was able to find an affordable living accommodation in a trailer on the outskirt of the city. Acknowledging that one job could not pay her living expenses, she sought a  second job as a hotel maid. The physical demands of both jobs resulted in Barbara leaving her second job. She was unable to complete the whole month before moving to Portland to continue her next experiment (Ehrenreich, 2008) . In Portland, she found a job as a maid with a residential housekeeping service. There she also took a second job as a dietary aide in a nursing home in order to meet her monthly living  expenses. She was indirectly forced to work seven days a week to meet the need of paying her monthly rent, food and clothing. She became an advocate for her co-workers while working as a maid, even though, she was able to win a day off for one of her co-workers who had sustained an injury at the job but afraid of losing her job kept working while injured (Ehrenreich, 2008) . Barbara’s final destination on her experiment was in Minneapolis, Minnesota where she was hired to work at a Wal-Mart store, putting clothes on shelves. In Minnesota she was not able to afford an expensive apartment due to her salary. The apartment vacancy rate in Minneapolis was so low that she had to stay in motels until she completed her experiment. Barbara had advocated for the lower class through her book, regarding the experience that lower class citizens go through in terms of self esteem, housing, education and power. She highlighted the deplorably conditions and humiliation that they face each day at work. She summarized some of the reasons why wages are kept low, the rationale for the humiliation, the yelling on and the psychological derailment of their self esteem that keeps them in a lower salary while the upper class reap off all the benefits from their hard labor in an exchange for coffee and donuts at times instead of a pay raise (Ehrenreich, 2008). There is a direct correlation between lower class and poor health. Conclusion Health disparities are often measured in terms of income, education, wealth, politics or influence and occupation. The combination of these factors including race and gender often determine our social worth. The experiment of Barbara Ehrenreich is a great example of discrimination, disparity, and she was a woman. African American men experience much more and receive much less. Looking at different cultures is not new to nurses, even Florence Nightingale analyzed her population to determine the care and services that were needed. Understanding and influencing culture, economics, the physical environments of our patient’s health practices, while assisting them to access to care will lead to promising outcomes (Jones, 2014). As quoted by Kathleen G. Sebelius, Secretary of Health and Human Services, â€Å"It is time to refocus, reinforce, and repeat the message that health disparities exist and that health equity benefits everyone.† References Argondezzi, Theresa (2001). The Many Faces of Health Care: Disparities in Minority Health. Retrieved November 13, 2014 from http://www.nursing.advanceweb.com/Article The -Many –Faces-of-Health-Care-Disparities –Minority. Barbara Ehrenreich (1999). Nickel and Dimed. Retrieved November 14, 2014 from http:// www.wesjones.com/ehrenreich.htm. Health and Human Services. A Nation Free of Disparities in Health and Health Care. Retrieved November 13, 2014. http://minorityhealth.hhs.gov/npa/files/Plans/HHS/HHS_Plan. Jones, Linda (2014). Letting Data Lead the Way. Retrieved November 14, 2014 from http:// www.nursing.advanceweb.com/Archieves/Article-Archive/Letting-Data-Lead-the-Way. Men’s Health Consulting. African American Men Experience Disproportionate Risk for Disease and Death. Retrieved November 15, 2014 from http://www.menshealth.org/code/ afroamer.html. Sebelius, Kathleen. Secretary, Health and Human Services

Partnership and Limited Liability Partnership Organization Essay

Introduction This is a report that shows a comparison between both Partnership and Limited Liability Partnership organization and to advise Mr. Tan on the business organization that is more likely to fit his needs for setting up a new consulting business. For this particular project, our group assumed that Mr. Tan used to be an accountant working for a big accounting firm and is now looking to set up a small accounting consultancy business. 1Process Required to Setup Business Organization Below are the processes to setting up a partnership and a limited liability partnership business organization respectively: 1.1Partnership Firstly, the partners have to fill with the Registrar an application for approval and reservation of partnership name. After the application is being approved, a partnership is required to be registered online via BizFile with ACRA through a professional business registration firm if both of the partners are not local citizen. The partnership must have at least two partners for registration. Following are the information needed: 1) Proposed name of the Partnership 2) Particulars of the partners/managers (foreign passport or Singapore ID) 3) Residential address of the partners/managers 4) Consent to Act as Manager and Statement of Non Disqualification to Act as Manager 5) If partner is a company: Registration details of the company 6) Singaporean or PR must pay Medisave 7) Declaration of compliance ACRA will then send an email of notification confirming the registration. A  business profile containing the registration details can be obtained as a softcopy via email from ACRA upon successful registration. Softcopies are usually sufficient to all purposes in Singapore. (enterAsia Information Services Pte Ltd, 2010) 1.2Limited Liability Partnership Firstly, the partners have to fill with the Registrar an application for approval and reservation of LLP name. After the application is being approved, an LLP is required to be registered online via BizFile with ACRA through a professional business registration. Following are the information needed: 1) Proposed name of the Limited Liability Partnership 2) Particulars of the LLP partners/managers (foreign passport or Singapore ID) 3) Residential address of the LLP partners/managers 4) Consent to Act as Manager and Statement of Non Disqualification to Act as Manager 5) If partner is a company: Registration details of the company 6) Declaration of compliance ACRA will then send an email of notification confirming the Singapore LLP registration. A business profile containing the registration details can be obtained as a softcopy via email from ACRA upon successful registration of the LLP. Softcopies are usually sufficient to all purposes in Singapore. (enterAsia Information Services Pte Ltd, 2010) 2Legal Characteristics of Each of the Business Organizations 2.1The Characteristics of Partnership (ASSAR, 2011) Two or more persons: Partnership involves business by a group of persons. There must be at least two persons to bring partnership into existence. Although there is no maximum number required in the Partnership Act, the Companies Act has placed a maximum limit 20 people in a business. A company must be registered if there are more than 20 people in the business. Contractual Relation: A partnership is a contractual relationship arising out of an agreement among the partners, a person does not become a partner out of his status as is the case in joint family. Persons entering in partnership must be competent to enter into a contract as it is essential, and the agreement among partners may be oral or in writing. A written agreement or deed is preferred because it helps in resolving some disputes among partners later on. Lawful Business: A partnership agreement only exists in a lawful business. Sharing of profits: An agreement among partners must include the sharing of profits and losses. A charitable trust cannot be called partnership because there is no sharing of profits. Profit sharing is only a superficial evidence of partnership but not a conclusive proof. The employees of a business may also share profits but they are not the partners. No Separate Legal Existence: A partnership firm is not a legal entity of its own. This means that the firm and the partners are one and the same. A firm is only a name to the collective name of partners and no firm can exist without partners. The rights and liabilities of the partners are the rights and liabilities of the firm. Management of the firm vests in partners who are its owners also. Unlimited Liability: Every individual partner is liable jointly and severally for the obligations of the partnership firm. Therefore, if assets of the business are not sufficient to meet the liabilities of creditors then private property of partners can be used to meet them. The creditors can claim their dues from anyone or all the partners. If these liabilities are met by one partner then he is entitled to receive rateable contributions from other partners. Restriction on Transfer of Shares: No partner can transfer his shares to an outsider without the unanimous consent of all other partners. It is based on the principle that a partner being an agent of the firm cannot delegate his authority unilaterally to outsiders. Utmost Good Faith: The very basis of partnership business is good faith and mutual trust. Each and every partner should act honestly and fairly in the conduct of business. A firm cannot be run if there is suspicion among partners. Partners must have faith in each other for running the business smoothly. 2.2The Characteristics of Limited Liability Partnership (LLP) A limited liability partnership is a business structures that operates similar to a partnership organizational structure. The difference is the limited personal liability afforded to each member of the company. Each partner is responsible for their own actions while conducting business. LLPs are tailored for professionals, such as doctors, lawyers and accountants. (Howell, 2012) Every Partner Equal: Each partner is an equal member in a LLP company. They decide together on various company issues, such as the name of the business, where it is located and how it is going to be operated. Partners also share equally in the profits and losses of the business. The number of people in LLP must not exceed 20. Limited Liability Protection: Each partner in this type of company is protected against the actions of the other partners which results in a lawsuit. For example, if one partner is subject of a malpractice claim and loses in court and have to pay damages, the other partners are not held financially responsible. However, partners in a LLP are liable for the obligations of the company such as loans used to purchase equipment and utility expenses. Pass Through Taxation of Profits: A limited liability partnership company is taxed similar to a business formed under the partnership and sole proprietorship organizational structures by a process called pass-through taxation. The company profits are not taxed at the company level but instead  are â€Å"passed through† to the partners to be reported on their individual tax returns. This prevents the double taxation that occurs in corporations where profits are taxed at the company and shareholder levels. 3Advantages and Disadvantages of Partnership and LLP 3.1Partnership Advantages of Partnership 1. Capital: Due to the nature of the business, the partners would contribute their share of capital to start up the business. Hence, the more partners there are, the higher the amount they could put into the business. This would give the partners better flexibility and greater potential for growth. It also means more potential profit, which would be equally shared between the partners. 2. Flexibility: It is generally easier to form, manage and run a Partnership. There are fewer restrictions in a partnership than in companies, in terms of the laws governing the formation. As the partners have the only say in the way the business is run without the interference of shareholders, they are far more flexible in terms of management, as long as all the partners can agree. 3. Shared Responsibility: Partners would be able to share the responsibility of the running of the business. This would allow the partners to make the most of their abilities and potential. Instead of dividing the management and taking equal shares of each business tasks, they would be able to divide the work according to their skills. Thus, if one partner is good with figures, they could deal with the book keeping and accounts, while the other partners might have different niche areas and specialize in different tasks. 4. Decision Making: Partners share the decision making and can help each other out when needed. With more partners means more brainstorming could be in place and the information they came out with could be picked out for  business ideas and for the solving of problems that the business may encounter. (Adrain, 2010) Disadvantages of Partnership 1. Disagreements: One of the most common disadvantages of partnership is the possibility of disagreements between the partners. People often have mixed ideas on how the business should be run, the task arrangements and are picky about what the best interests of the business are. All these might lead to arguments which might not only endanger the business, but also the relationship of those involved. That is why it is always preferred to draft a deed of partnership during the formation period to ensure that all partners are aware of what are in place in case of disputes and prepare for the procedures if a partnership is dissolved. 2. Agreement: As the partnership is jointly run, it is crucial that all the partners agree with decisions that are being made. This means that in some situations there is less freedom with regards to the management of the business. This is especially so compared to sole traders, where the sole trader need not seek agreement from anyone but himself. 3. Liability: Ordinary Partnerships are subject to unlimited liability, which means that each of the partners shares the liability and financial risks of the business equally. This might put of the idea of partnership for some people, as they might not want to take the risk. 4. Profit sharing: As partners share the profits equally, it can lead to inconsistency where one or more partners are not contributing a fair share of effort into the running or management of the business, but still reaping equal rewards. 3.2Limited Liability Partnership Advantages of Limited Liability Partnership (Janus Corporate Solutions, 2008) 1. Separate Legal Identity: A limited liability partnership has a separate legal identity. They can own properties, at the same time they can  enter into contracts, and sue or be sued in its’ own name. 2. Limited personal liability: The partners of the limited liability partnership will not be held personally liable for any business debts incurred by the limited liability partnership or the wrongful acts of their partners. A partner may, however, be held personally liable for claims from losses resulting from his own misconducts or omission. 3. Perpetual succession: Any changes in the limited liability partnership (e.g. resignation or death of its partners) do not affect its existence, rights or liabilities. 4. Ease of compliance: Compliance requirements are more complex than sole proprietorship but simpler than a private limited company. Disadvantages of Limited Liability Partnership (Janus Corporate Solutions, 2008) 1. Formation of limited liability partnership requires a minimum number of 2 partners at all times. 2. Individual partners can commit the partnership to formal business agreements without the consent of their partners. 3. Limited liability partnership lacks the ease of ownership transfer and investment that a company structure provides. 4. There are no corporate tax benefits: Tax exemptions are available to private limited companies but are not available to limited liability partnerships. A limited liability partnership is treated as tax transparent which means that limited liability partnerships are not taxed as an entity. Instead each partner is taxed on their share of the profits as per the personal income tax rates. 4Analysis on Choosing the Business Organization Since Mr. Tan is setting up a business for accountancy consulting, he should  opt for a Limited Liability Partnership organization instead of a Partnership. Mr. Tan is currently new to the business world, and might not have found a partner he could fully trust yet; therefore it is also to his advantage if his partner were to act wrongfully or if there is a change in partners, since in LLPs, partners are not liable for losses to outsiders arising from acts of another partner as compared to an unlimited liability if he were to go into a Partnership. In addition, the LLP is also not subject to full financial reporting and disclosure requirements, such as those on capital contributions and changes to capital (ACRA, 2005). This is an advantage to Mr. Tan’s business. Since the business is small, minor changes to capital will not have to be subjected to full reporting and disclosure. Furthermore, as mentioned earlier, LLPs are tailored for accountants. With that, our group is certain that Limited Liability Partnership Organization will meet the needs of Mr. Tan’s new consultancy business. Bibliography ACRA. (2005, May). Retrieved February 5, 2012, from ACRA Legal Digest Issue 8: http://www.acra.gov.sg/NR/rdonlyres/4B52C6B6-E89B-4DC3-A72C-A9C4BC62AAAB/10278/ACRA_LDI_08.pdf Adrain. (2010). The company warehouse. Retrieved 2012, from The company warehouse: http://blog.thecompanywarehouse.co.uk/2010/03/01/advantages-and-disadvantages-of-partnership/ ASSAR, R. (2011). Publish Your Articles. Retrieved February 2012, 6, from PublishYourArticles.org: http://www.publishyourarticles.org/knowledge-hub/business-studies/what-are-th e-characteristics-of-partnership.html enterAsia Information Services Pte Ltd. (2010). entersingaporebusiness. Retrieved Feb 05, 2012, from LTD Singapore: Setting up a limited liability partnership (LLP) in Singapore: http://www.entersingaporebusiness.info/limited-liability-partnership.php enterAsia Information Services Pte Ltd. (2010). How to set up a partnership in Singapore. Retrieved Feb 05, 2012, from entersingaporebusiness: http://www.entersingaporebusiness.info/partnership.php Howell, R. (2012). Hearst Communications Inc. Retrieved February 6, 2012, from Hearst Communications Inc.: http://smallbusiness.chron.com/characteristics-limited-liability-partnership-3729.html Janus Corporate Solutions. (2008). Singapore Limited Liability (LLP) Registration. Retrieved February 4, 2012, from guidemesingapore: http://www.guidemesingapore.com/incorporation/other/singapore-llp-registration-guide

Global warming essay Example | Topics and Well Written Essays - 500 words

Global warming - Essay Example Since 1980, there has been a massive change in global average temperatures and this has certainly risen significantly within the last century. The core reason behind such indefinite rise in temperature has been caused due to the constant increase in greenhouse gas emissions which has been produced due to various human activities. As a matter of fact, most scientists have agreed on the fact that the atmosphere of the planet’s temperature has risen approximately by 0.7 degree Celsius since 1980 and it there is a threat that it may even continue to increase at this astounding rate in the near future. According to many scientists and researchers, 1990 has been recorded as the hottest ever year in the 20th century. Apart from that, the years 1991, 1983, 1985, 1986 and 1989 have been recorded as some of the warmest years in the 20th century. As a consequence, the constant rise in temperature has also been felt all across the globe. Reportedly, temperature of the earth may rise from a reported 1.6Â °C to 5.9Â °C within the next century (Hughes, pp. 56-61). A huge increase in the quantity of greenhouse gases definitely leads to an increase of global warming in the atmosphere. The increase in greenhouse gases leads to an increase in CO2 emission, which is proposed to be the single largest contributor for global warming because it has the largest share among green house gases within the atmosphere (Schneider, pp. 23-29). However, there are ways through which this issue can be mitigated. A good way to solve this problem is forestation. Plantation of trees can help in restoring the balance which was disturbed by greenhouse gases. The utilization of vehicles which are fuel-efficient and which have lower C02 emissions of dangerous gases can be used to control this global issue. There have been growing concerns regarding CO2 emissions and a massive increase in global temperatures have

Role of Entrepreneurship and Innovation in the Current Banking Crisis Essay

Role of Entrepreneurship and Innovation in the Current Banking Crisis - Essay Example Innovation and entrepreneurship have played a significant role in the current banking crisis. Innovation is a change in product, service or the method of production and marketing, with the aim of improving competitiveness of a business in the market. It can be done continuously in the production process, involving introducing minor changes in the product so as to ensure the business is always ahead of other competitors in the market. (Feldman, 2001:21-24). Entrepreneurship on the other hand is the process of undertaking the risk of obtaining goods and services at a particular cost and selling them at predicted prices. It is the process of combining many factors of production in the creation of new enterprises. Innovation and entrepreneurship are very important for human existence. They have made humans to advance to the current state whereby life has been made easier and essential commodities have been made available. Technological advancements through innovation assist in production of goods and services in a more effective and well-organized manner. Innovations in communic ation and information technology have made the world to be a global village, making international business a haven for entrepreneurs. The research process involved collection of theories and concepts in entrepreneurship and innovation from various academic materials such as books, journals, online articles and magazines. The information was carefully analyzed and its relevance to entrepreneurship and innovation assessed. A critique of different approaches in entrepreneurship and innovation provided definition, importance of entrepreneurship and innovation in general as well as the role of entrepreneurship and innovation in oligopolies. Conclusions were drawn from the results of the analysis of the information gathered. Â  

Parallel myths Essay Example | Topics and Well Written Essays - 750 words

Parallel myths - Essay Example The main emphasis is made on mathematical structures of cosmology and immortal features of human beings. Different cultures position gods in a numerical hierarchical rank. As a rule, they have a parallel support from a celestial body (stars, planets, moon etc). With regards to mythological developments, deities are full of immortality secrets and they are demigods, which were born in the result of relationships between god and the matter of earth. Â  Initially, the Taoist pantheon consisted of the natural deities and came from the roots of a natural philosophy (Hackin, Linossier, De Wilman-Grabowska, Marchal, Maspero and Eliseev, 1963). Further on some features from Buddhist deities were incorporated and different signs of Confucian ideology and many other ideologies can be identified. In the majority of cases mythical deities were embodied in human forms and shapes. In accordance with the legends and different myths these deities have never been human ones. Demi-gods in Chinese myt hology combine the features of heroes, emperors and other outstanding personalities. There is no doubt that Chinese deities personify features of human brevity and courage in the majority of cases. In the Chinese mythology one can find many non-human spirit beings, which are popular in the context of Chinese culture (Ter Haar, 2001). For example, there are many deities, who have heads of animals or these demi-gods functioned as the regulators of destiny, developers of the universe; these demi-gods were legendary leaders etc. Therefore, Chinese mythology is often compared with common features of real personalities. Indian Mythology represents a rich element of the Indian Culture. It is one of the most unique cultures in the world. Stories about mythology in India were transferred from one mouth to another from one generation to another (Cotterell, 1986). Thus, there is a myriad of different articles and stories about the Indian mythology. These stories create a reliable background fo r Indian mythology development. The basic values of the Indian culture can be traced in mythology of the country. Tales of Panchatantra and Jataka are as well popular, as other stories from the Bhagvad-Gita, Mahabharata and Ramayana (Cotterell, 1986). The main emphasis should be made on numerous and different stories telling about real positive features of the Indian mythology. The Hindu Gods are the most popular gods from the Indian mythology. There are hundreds and thousands of arms in deities of Indian mythology. Chinese mythology is not focused on depicting a myriad of hands or any other limbs of their deities. Hindu Gods are the most sexual around the world (Hopkins, 1969). Sexy carvings have grasped majority of temples in the Indian culture. Goddesses in the Indian culture are always dancing; they are full of color and emotions. The cosmic dance of Shiva and the gang are very interesting and appealing for the audience. It should be noted that Hindu mythology is more about phil osophy and not religion (Chatterjee 2001, p. 32). There are many sects in the Indian culture. The followers of this culture underline that they are able to choose any path for their own development. The essence of mythology in Hindu is to show that every person should follow his own path in his own life. Karma is a moral duty of cause or reason and the followers in Hindu are obliged to the laws of karma. There is more motion in the

Michelangelo Merisi da Caravaggio The Calling of Saint Mathew Research Paper

Michelangelo Merisi da Caravaggio The Calling of Saint Mathew - Research Paper Example It is understood that a painting is incomplete without knowledge of its background. Further, interpretations of a painting vary between people and with time and it is the contradictory interpretations in paintings that makes the painting interesting and often lend an element of mystery towards it. The painting discussed in this paper is also not without its special context and interpretations. Discussion The painting, The Calling of Saint Mathews is a masterpiece that was commissioned by the church to be hanged within the Contraelli Chapel located inside the Church of San Luigi Dei Francesi. The chapel was meant to be an ode for Saint Mathews and for this Caravaggio was selected when the first choice of the church, Cavalier D’Arpino became busy with the royal patronage. This was probably the biggest church commission that Caravaggio got at that time. Therefore, he put all this time and energy into the creation of this masterpiece along with two others painting, the Martyrdom o f Saint Matthews and The Inspiration of Saint Mathews. The painting till date hangs with other paintings depicting important moments in the life of Saint Mathews. The painting was completed in 1600. We have to understand that this was a time when the church was in power. It had the money to fund biblical paintings. The Calling of Saint Mathews is a painting representing an important biblical sense. The painting takes reference from Luke 5:27-28, which reads: ‘And after that He went out and noticed a tax collector named Levi sitting in the tax booth, and He said to him, ‘Follow me’. And he left everything behind, and got up and began to follow him’ (Benner, 124) The painting, quite like many produced in the same era, is full of religious symbols. The painting, primarily, symbolizes the difference between Christ and Matthews. In this respect, the picture can be divided into two parts: one part showing Christ and Peter while the other depicting Mathews and his companies. Both these parts are in stark contrast with each other. Christ and Peter represent spirituality. They do so through their simple clothing and the fact they do not wear any shoes. The absence of footwear reflects on the fact that these men are down to earth without any love for material objects. Mathews and his companions reflect the worldly life. This is apparent in the way they dress: fashionably in the attire that was trend during the time period when the painting was created. Also the presence of the coins and the preoccupation of some companions with the coins reflect on the worldly life enjoyed by Mathews and his companies (Benner, 129). Another symbol apparent in the painting is the way the painting has been divided into two parts. Here Caravaggio uses his typical style of chiaroscuro where he paints a stark contrast of light and dark in the painting (Cunningham and Reich, 360). Between Christ and Mathews, Caravaggio has painted a dark area and the hand of Christ e xtending towards the dark spot. The light in the picture comes from the side where Christ is standing. This play of light seems to be intentional on the part of the painter as he depicts Christ as a beacon of hope and light for Mathews while taking him away from a life of materialistic love and wastage. Also the dark spot between the two important figures symbolizes the fact that before Christ, people were left in darkness with no way to reach

Communication and Counselling Skills Essay Example | Topics and Well Written Essays - 2000 words

Communication and Counselling Skills - Essay Example ry vital to the society at large since they take care of people’s health and try their best to save patients from losing lives due to diseases, stress, accidents and injuries(Robert & James, 2005). Health and care social organisations offer a variety of services to clients and therefore should have the appropriate technology and workforce to satisfy needs of their services users exceptionally well (Peter & Rose, 2007). The workforce employed or volunteering to work in these organisations must have the necessary skills and knowledge that match the duties and responsibilities that they will be allocated. Counseling services is one the many services provided for health and social care institutions. People employed or volunteering to execute these services in these institutions must have the necessary counseling and communication skills needed for them to execute their duties and responsibilities in an exceptional manner. In this essay, a range of counseling perspectives used in c ounseling interaction, current ethical codes and boundaries related to professional practice in counseling and the significance of communication and counseling skills within health and social care will be critically analyzed and evaluated. Counseling perspectives used in counseling interactions simply mean the counseling attitudes that are applied in interactions between counselors and their clients (Stacy & Remy, 2007). The main three theories that explain these counseling perspectives are psychodynamic theory, theory of cognitive behavioral therapy and the theory of person centered therapy. In this essay only two theories will be covered and they are theory of person centered therapy and that one of cognitive behavioral therapy. Person centered therapy is also known as client centered therapy and was formulated by a humanist psychologist by the name of Carl Rogers in the year 1945 (Athman, 2006, p.15). It is a talk therapy which is non-directive in nature and among the widely used

Culture And Public Policy Essay Example | Topics and Well Written Essays - 2500 words

Culture And Public Policy - Essay Example This paper stresses that culture can also be regard as the relationships among people within groups, among groups and between ideas and views. Culture deals with identity, coordination, structures, and practices that guide relations among people such as ethnicity, heritage, rituals, norms, and beliefs. Multiculturalism refers to a specific set of philosophical ideas, or a particular orientation by institutions or the government towards a varied population. Thus, culture is created by people and defines people. Culture is express in various ways such as through how we speak, live, conduct public life, associate with others, celebrate, entertain ourselves, remember the past, and think about the future. This report makes a conclusion that culture influences all public policies. The culture of the people or a nation determines the nature of the public policy that is created . Culture also affects the implementation of the policy. It may facilitate implementation of the policy thereby, helping to achieve the policy objectives or prevent creation or implementation of a good public policy, which may have a negative effect on a country’s different aspects such as economic development. Poor public policies in most African countries are because of bad cultures such as the high degree of power distance. On the other hand, most developed countries public interest oriented policies are inspired by the countries’ good cultures such as low power distance.

Project Managment Essay Example | Topics and Well Written Essays - 1000 words

Project Managment - Essay Example According to Kerzner (2009), project managers are in charge of ‘coordinating and integrating activities across multiple, functional lines’ (p. 12). This means that they consolidate efforts to (1) develop the project plan, (2) execute the plan, and (3) make the necessary changes to the plan to ensure that the objectives are met. Project managers also operate as interface between the smaller, project organization, and the larger functional organization. They therefore are tasked with managing relationships (1) among individual members of the team , (2) between the functional organization and the project team, (3) between the senior management and the project team, and (4) between the customer’s organization (i.e., external or internal) and the project team (Kerzner, 2009, p. 13). Kerzner observes that the project manager’s role is a difficult one because he/she usually is assigned a great deal of responsibility, but actually very little power or authority. Th e greatest challenge to the skill and expertise of the project manager is the degree to which he/she is able to successfully achieve the specific objectives of the project within the constraints (of scope, time, cost, and performance) imposed upon him/her. The Edinburgh Tram System project In 2002, the City of Edinburgh Council (CEC), established the Transport Initiatives Edinburgh (TIE) as a private limited, wholly-owned CEC subsidiary. The new system is envisioned to be a fast, clean and green, and high capacity transport service similar to those in other countries in Europe (Edinburgh Trams, 2012). The initiative began with a series of public consultations to determine the feasibility of the proposed system and in compliance with the parliamentary process. Stakeholders were invited to participate during these consultations where the feedback and suggestions to the proposed project details were garnered. By January 2004, the completed plans were submitted to Parliament, which appr oved them in March 2006. Contracts were entered into by May 2008, begun soon thereafter, and the tram network was estimated to commence operations by 2014 (Edinburgh Trams, 2012). From the project’s onset, the CEC and contractors have encountered problems related to the project. An example is the line to St. Andrew Square has proven problematic, with a project cost of ?776 million, ?200 million over the original budget. The contractor, Bilfinger Berger, of Germany, has been plagued by delays, disputes, technical problems, and unforeseen revision. According to Knox (2011), there also were other concerns such as a misunderstanding of the initial agreement, a confused and divided council, government hostility and negative public perception. These problems resulted in a reduction in the project’s scope from several lines to just one – that leading to St. Andrew’s Square – a budget overrun and extension of the completion date to 2016, and the resignatio n of the project’s chief executive after only two years (Knox, 2011; BBC, 2011). The three elements of project management Several of the nine primary elements of the PMBOK are seen to be applicable in this case, but the following three appear to have posed the greatest challenge for the project manager: (1) Managing the scope of the project in controlling the project The project scope is an explicit description of what are included in,

An Inconvenient Truth Essay Example | Topics and Well Written Essays - 500 words

An Inconvenient Truth - Essay Example The author of the paper tells that in the video â€Å"An Inconvenient Truth†, it shows how the world’s temperature has skyrocketed in the last decade, 2005 being the hottest. The dramatic rise in temperature in several places in the world has caused numerous devastating environmental disasters and catastrophes. Places all over the world have desiccated and dried up, such as Patagonia and Mt. Kilimanjaro. Multiple storms have exacerbated and have gotten worse and worse. The Arctic’s ice and snow have melted significantly, causing an increase in the sea level. When the height of the seawater increases, a great number of lives will be affected. States such as Florida and major cities such as Shanghai in China, Kolkata in India and Manhattan in New York will drown and be buried by underwater. The community of scientists has collectively given their opinion and judgment on global warming and they believe that we are the main cause of global warming. Through Al Goreâ⠂¬â„¢s presentation, he persuades and tells us that if the immediate course of action will be taken by citizens globally, then we might all still have a chance in saving the Earth from global warming, and saving ourselves. From the trailer of this documentary film, it definitely concerns me regarding the future of the Earth and the future of the people.

Origins of World War I Essay Example for Free

Origins of World War I Essay The World War I fought between 1914 and 1918, is considered the largest of any war in human history and ever since, many refer it as the Great War. It was a culmination of activities and competition across European nations. It’s estimated that 14 million people lost their lives on the First World War. The causes of the World War I were complicated which includes; 1. Imperialism- The scramble for Africa and some other parts of Asia for raw materials by European countries led to a competition and this pushed the world into the World War I. 2. Defense alliances-most countries all over Europe had formed defense agreements that if one country was attacked, allied countries would join and fight back. For example when Hungary declared war on Serbia, Russia joined to defend Serbia and German started to attack Russia. 3. The assassination of Archduke Franz Ferdinand from Hungary and his wife in June 1914 by a Serbian national is considered to be an immediate cause. It took place in Sarajevo, Bosnia and which was part of Hungary. This was followed by protests as Serbia wanted to take control of Bosnia then Hungary declared war on Serbia leading to an expansion of the war trough the mutual defense alliances. It’s not exactly known which country was responsible for the war though Germany is strongly believed to be responsible for the out break of the war. Through the Schlieffen plan German was supposed first to invade France through Belgium then Russia before it had mobilized. Germany was also a major partner in the triple alliance and it’s perceived that Hungary would not have risked war with Serbia without full backing of Germany through the blank check given on 6th, june1914. However, on the other hand the war started first as conflict between Hungary and Serbia after the assassin of Archduke Franz Ferdinand and his wife in Hungary. In all fairness historians argue that all senior powers were responsible for war. In conclusion, other than trade, peace alliances and coalitions between nations should be formed and promoted to foster peace and understanding. This will prevent t an out break of another war. References Henig Ruth, 2002, The Origins of the First World War, Routledge.

Debate on Auditor Independence

Debate on Auditor Independence Abstract Recently of corporate collapse in the US, Australia, and elsewhere, regulatory attention has been drawn to the published of auditor provided non-audit services (NAS) and audit client relationship. This assignment aims to debate on auditor independence by providing evidence regarding the relationship between non audit services and provide consulting services at a lower cost for their audit clients. In tracking the development and identify the key stages and the changes that took place in approaches to external auditing. The two listed companies selected for arguments are Enron Corporation versus Chartered Semiconductor Manufacturing Ltd. Enron Corporation (former NYSE ticker symbol ENE) was an American energy company based in Huston, Texas. It was one of the worlds leading electricity, nature gas, paper and communications companies.1 Chartered Semiconductor Manufacturing Ltd (Chartered) is one of the worlds top dedicated semiconductor foundries in Singapore. It provides comprehensive wafer fabrication services and technologies to semiconductor supplier and system companies. They are taken a reference for the arguments that influenced by the changes which have reported and analyses the effect. Research on non audit service provision impairs auditor independence, differential incentives drive auditor behavior. Introduction Auditor independence is a cornerstone of the auditing profession, a crucial element in the statutory corporate reporting process and a key prerequisite for the adding of value to an audited financial statement (Mautz and Sharaf, 1961). However, recent account scandals, involving corporations such as Enron in the US, HIH Insurance in Australia have cast doubt over the independence of auditors and overall value of auditing. These legislative interventions however have occurred despite limited and mixed empirical evidence of these proposed threats to auditor independence. Furthermore, some basic questions underlying this debate remain unresolved. For example, à ¢Ã¢â€š ¬Ã…“ What factors influence a companys decision to purchase NAS from its incumbent auditor?2 The provision of NAS reduces investors judgments of auditor independence, audit quality and the attractiveness of the firm investment but not their auditor knowledge or financial statement reliability judgment. This assignment have consider two areas of literature which relating the theories and model of auditor independence. It also relevance on NAS found in current professional, regulatory frameworks, reviewed and summarized original theoretical and empirical studies but have excluded commentaries and opinion. The Big Five audit firms (Ernst Young, Arthur Anderson, Deloitte Touche, PricewaterhouseCoppers and KPMG) charger higher audit fees for initial engagement. It has prediction that where audit fees are disclosed publicly. The audit firms lower their audit fees to accept new clients when they also provide more lucrative non audit services. It is no actual loss of audit independence despite the loss of perceived independence of the Big 5 firms. The provision of NAS by audit firms for their audit clients are popular in the current market and continuous debate over auditor independence. NAS may include consulting service such as systems design, compliance-related service, taxation, book-keeping or other services relating to the accounting records or financial statement of the audit client; financial information systems design and implementation; actuarial service; internal audit outsourcing service; management functions or human resources; dealer and investment advisor The emerged from the Enron collapse has been the extent to which audit firms are providing NAS to their audit clients. The fees generated by NAS have been rising more rapidly than audit fees. This has led to widespread beliefs that provision of NAS can cause the auditors to compromise their independence. There are two main concerns which auditors may not stand up to management because they wish to retain the additional income from NAS which is in managements gift. Second provision of service to management may lead the auditor to indentify too closely with management and lose skepticism. The remainder of the paper is organized as follows: à ¯Ã†â€™Ã‹Å" Contains the background and literature review à ¯Ã†â€™Ã‹Å" Develops the hypotheses and research questions, à ¯Ã†â€™Ã‹Å" Contains the conclusions. Background and Literature Review Auditor must maintain independence in mental attitude in all matter relating to the assignment which stated by Generally Accepted Auditing Standards (GAAS). Independence auditors furnish critical assurance that the financial statement have been examined by à ¢Ã¢â€š ¬Ã…“an objective, impartial and skilled professionalà ¢Ã¢â€š ¬? (SEC 2000,p.2). It look as a risk continue rather than an absolute and judgment about the seriousness of the threat to independence are balance against the effectiveness of the safeguards available. Independence maintained through external constraints (e.g, legislation and regulation) or through the profession itself which maintain the independence to preserve its market value (Kinney 1999). It appears uncertain of auditor ability to accept client pressure and emphasizing the effect of the economic interest. Its calls that consulting services as à ¢Ã¢â€š ¬Ã…“the tail that wags the dogà ¢Ã¢â€š ¬? in the accounting industry (Investment New Article, Nov 20, 2000). The SEC announce the new rule that the auditor independence required to disclosure the audit fee in their proxy statement, the total fees billed for services rendered by the principal accountant (the external audit firm) disaggregated into three categories as audit services, information technology services and all other services. It reveals that nearly all firm purchase non audit services from their audit firm to their audit client. Although the big 5 auditing firm continue to maintain their independence is not impaired by these services , recently problems at Enron, WorldCom and other public firm brought accounting and auditing concerns to the attention of Congress and the public. Newly passed legislation prohibits NAS, including financial information services and internal auditing services (Sarbanes-Oxley Act 2002). Non audit services (NAS) are defined as all services provided by an auditor that are not considered as an audit. The Sarbanes Oxley Act (SOX) reduce the number of non audit services that an auditor are required pre-approval by the audit committee of such extended engagement (Rouse, 2005). Most banned services related to consulting or advisory services that might create conflict of interests for independent auditors (Banham, 2003). The banned non audit services include: 1. Book-keeping or other services related to the accounting records or financial statements of the audit client. The auditor is considered not independent when he provides book-keeping services for audit client. It involves with an inherent conflict of interest, and auditor should examine accounting records or financial statements prepared appropriate. 2. Internal audit outsourcing services à ¢Ã¢â€š ¬Ã¢â‚¬Å" under generally accepted auditing standards, the auditor is required to evaluate the effectiveness of internal control system over financial reporting, to create another example of conflict of interest. For example, Arthur Anderson provided the internal control function for Enron, before it was banned by 2000 SEC rule, and was blamed for not improving Enrons ineffective control system. 3. Expert services unrelated to audit à ¢Ã¢â€š ¬Ã¢â‚¬Å" providing an expert opinion or other expert service for audit client to advocating an audit client interests in litigation, regulatory, administrative proceeding and investigation. 4. Design and implementation of accounting information systems à ¢Ã¢â€š ¬Ã¢â‚¬Å" its creating inherent conflict of interest as an auditor is required to evaluate the effectiveness of accounting system in designed or implemented. Installing a computerized accounting system for client was immensely popular consulting services in many big accounting firms. 5. Management functions acting temporarily or permanently, as director, officer, employee of an audit client in performing any decision making, supervisory or ongoing monitoring function for audit client. These services can provide by the incumbent audit firm or external audit firm. This research on auditor independence under these conditions identifies the following issues. The provision NAS likely lead to a lack of actual independence and therefore lead to audit failure. Hypotheses and Research One of the major public concerns which emerged from the Enron collapse has been the extent to which audit firms are providing non audit services (NAS) to their audit clients. In 1997, Enron engaged Arthur Andersen as its External Auditor. Subsequently, Enron appointed Arthur Anderson as consultant also. Enron paid Andersen $52 million in 2000 in both auditing and consulting services including development of computerized financial system for conducting Enrons internal audit, but majority for consulting services. There have been many criticize about the potential conflict of interest faced by audit firms who received large consultancy fees from their audit client (e.g. Financial time 2001a). Its expressed about how auditor with a statutory responsibility to company shareholders can handle a commercial relationship with the companys management and remain impartial (e.g. financial Times, 2001b). Andersen leaders responded by pushing partners to become salesman, its to upsetting the delicate balancing act any auditor must perform between a client and looking out for the public investor. Peoples have forgotten their significant responsibility not only to clients but also to investor, creditors and the public, etc. These issues by attacking the à ¢Ã¢â€š ¬Ã…“specific symptoms of the audit breakdown that occurred in the Enron Caseà ¢Ã¢â€š ¬? (Gavious, 2007,pg458), Arthur Anderson whose Enron client found to have encouraged clients to use accounting techniques to mislead and deceive the market (Gavious,2007). Enron select to use a method of fair value accounting that misleading, overstated profits in the current period. These accounting techniques were employed by Enron on the advice of Arthur Anderson and it was the employment of these techniques that ultimately led to the organisations collapse (Benston, 2006) . Due to IT and other frauds which investors lost confidence in market (Crasewell, 1999). Its beliefs that provision of NAS cause the auditors to compromise their independence. Andersen has been severely criticised for significant economic and its independence has been questioned form two point of view à ¢Ã¢â€š ¬Ã¢â‚¬Å" significant economic dependence on Enron due to the party designing accounting and tax structures, and therefore it could not express an objective view on Enrons results. The two main concerns are auditor may not stand up to management because they wish to retain the additional income from NAS which is in management gift, and second the provision of a range of services to management may lead the auditor to identify too closely with management and lose skepticism. Thus, auditor independence is fundamental to public confidence in the audit process and reliability of auditor report. However, the problem facing the auditing profession is not a lack of actual independence and objectivity rather it is the lack of confidence in financial statements. Public confidence in a companys financial statements will only be achieved by companies remaining completely separate to their audit firms (Ronen and Cherny,2002). Thereby increasing the auditors perceived independence. While Chartered engagement of KPMG as its external auditor to perform non audit services which management must consider the actual, perceived and potential impact upon the independence of external audit prior to engaging external audit to undertake any non audit services. Chartered have established the Audit Committee of the Supervisory Board (Audit Committee.) to oversight of Companys financial position. Its responsible to supervising the operation of the internal risk management and control system, codes of conduct, compliance with recommendation and observation of internal and external auditor. In contrast, audit committee of Chartered have to consider whether the provision of such non audit services is compatible with maintaining the external auditors independence, by obtaining assurance and confirmation that the additional services provided by external auditor are not in conflict with the audit process. The audit committee has authority in independent audit are to be-approved with information sufficient to enable Audit Committee to know as follows: the precisely what services it is being asked to pre-approved, know that any non audit service to be performed is a permissible non audit service made a well-reasoned assessment of the impact of the proposed service on the auditor independence. The external auditors are prohibited from providing specified non audit service contemporaneously with providing audit services to Chartered Semiconductor Manufacturing, including:- bookkeeping or services related to accounting records or financial statements financial information system design and implementation internal audit outsourcing services legal services an expert service unrelated to the audit Audit committee has clarified and added further prohibited activities for the external auditor. By focus of the importance of Audit Committee in control and supervise the activities of the external auditors. This section, Audit Committee is the plans to strengthen the independence accountants are truly independence thus and will give greater credibility to audits. In this research, Enron should have formed an audit committee to oversight the company and prevent any fraud which collapse to bankruptcy which compare with Chartered, although the audit firm provide non audit services, but they have a stronger and capability audit committee to oversight the company financial position. Conclusion In the debate on auditor independence, the first matter that is usually raised is the provision of non audit services to audit client. To be able to perform their task of providing independence and objective assurance to shareholders, auditor must act independently. It is argued that by providing non-audit services to the audit client, the auditors independence and objectivity is impaired. In term of codes of ethics all over the world, it is not only necessary for auditors to be independence, but there is also a need for auditors to be seen to be independent, and even a perception of a conflict can compromise his or her position. It behooves the auditor therefore never to get into such a situation. If one examines the research, there is little empirical evidence that proves that the provision of non audit services actually impairs independence, but one must concede that it is difficult to prove. Recent corporate failures have brought this issue very much under the spotlight again. As a profession, we should not underestimate the public feeling and the strong view held by governments on this issue. The rule of fundamentally change the way auditing profession does its business as following: Fundamental shift in regulating accounting industry à ¢Ã¢â€š ¬Ã¢â‚¬Å" from the primarily self-regulated environment to public regulation approach. A new set of independence rules and regulations affects the accounting profession directly in performing audit engagement. A new independent public oversight board now has the direct authority to police audit process, auditing standards, and disciplinary measure on auditors, including registering public accounting firms that issue audit report for publicly(trade companies), establishing auditing, quality control, ethics, independence, and other standards relating to the preparation of audit reports conducting inspections of registered public accounting firms conducting investigations and disciplinary proceeding and imposing appropriate sanctions on audit firms and auditors. An independent oversight board (IOB) set up by Andersen in the US , after the Enron problems emerged but before the firm collapsed, recommended that some consulting services provided by the firm should be separated into partnerships managed independently form audit partners and without financial independence to audit clients. Recommendation was strengthen of internal quality control over auditing thought out the firm. Beside this its create an independent regulatory oversight agency for accounting industry. Now no truly independent agency with the authority, power or will to enforce penalties against illegal. While the Public Oversight Board was a nominally independent private body that set standards for the industrys self-regulatory schemes, it was never truly independent. The finding comes from the America Institute of Certified Public Accountants. Thus, in summary I conclude that since such evidence as there is indicates that there is no correlation between levels of non-audit fee and audit failure, comprehensive safeguards are already applied, and rigorous separation of non-audit services seems likely to increase the cost and reduce the quality of the audit, the suggestion should not be pursued. Assuming no undue overall economic dependence results from the auditor/client relationship and adequate safeguards can be implemented, we believe that companies themselves should determine whether they use auditors for non audit services, in consultation with the professions guidelines. References 1. Enron profile Available at : http://en.wikipedia.org/wiki/Enron 2. Ashbaugh, H.,R.LaFond,and B.Mayhew.2003. Do non-auidt services compromise auditor independence? Further evidence. The Accounting Review 78: 611-639.

Options for Company in Financial Difficulty

Options for Company in Financial Difficulty Introduction There are a few options for S.B. Ltd to consider getting through difficult times. The five main options are firstly, to discontinue the Nottingham division and Leicester and Loughborough divisions could use their spare capacity to produce 60% of Nottingham’s 2010 output in addition to their own 2010 output, close the Nottingham division and outsource Nottingham’s 2010 output, to launch a major campaign for all 3 products to increase their sales, to introduce a transfer pricing system between the division and the head office to increase motivation among the staff in each division and rightsizing the organisation. Discontinuation As seen Nottingham is not making growth, in response to market forces, the first option is to discontinue Nottingham division by selling its assets and settling its liabilities and shifting production from Nottingham to Leicester and Loughborough. The discontinuation decision is a decision when the division profitability highlights the potential of unprofitable (Drury, 2010, pp.91-92). In this option, assuming that Leicester and Loughborough have some spare capacity to produce 60% of Nottingham’s 2010 output on top of their own 2010 output. According to Drury (2010, p.92), discontinuing the Nottingham division could aid the company in eliminating cost of goods sold, and other variable costs in the division. Other cost such as advertising costs, distribution costs and Head Office costs remain unchanged and is not affected by the discontinuation of the Nottingham division. O’Hare (2010, Management Accounting Lecture 3) suggested other factors which will affect an organisation to discontinue a division, the division is making a loss, to identify avoidable costs or to discover other saving. Outsourcing Outsourcing option is also known as sub-contracting option has become increasingly common in organisations, which enables organisations to concentrate on their core performance while outsource other specialist their secondary activities (Collier et al, 2007, pp.220-221). In S.B. Ltd case, according to Oxford University Press (2009), outsourcing could help to get through this hard time by going on a process of business process downsizing. Outsourcing allows operations that have seasonal demands to bring in additional resources in time of needs. Other advantages of outsourcing are, outsource activities will allow S.B. Ltd to focus on important functions without sacrificing quality or service, outsource specialist could help improve the quality and standard of the jam. It may also be able to purchase the jam more cheaply or perhaps more quickly. Assuming the outsource price for raspberry jam is 20% more then the cost of goods produced and sold for raspberry jam. Hence, the sales of raspberry jam remains the same and Leicester division and Loughborough division have spare capacity which gives them room for expansion of 30% more sales each. All other expenses remain the same for both Leicester and Loughborough divisions. This gives the Head Office a net profit of  £76,000 On contrary to the advantages, outsourcing the jam to some specialist could lead to risk of unsatisfactory quality and standard of the jam. Other disadvantages could be leak of procedures and techniques of making the jam, outsourcing usually focuses on short-term cost-saving, and ignores the unchanged overhead burden. Major Campaign Another option is to launch a major advertising campaign for all three products to increase their sales and keep all three divisions. Advertising could boost awareness and generate demand of the sales of jams of S.B. Ltd. and hence acquiring more orders. In the advertising campaign, assuming the advertising cost increase by 20% and it bring the sales of each product to an increase of 20% each. It simply boost up the profit of the company to  £96,000. Transfer Pricing The other option is when an organisation chooses to decentralise its divisions, transfer pricing helps decide what price to charge for in-company transactions (Collier et al, 2007, p.38-39) and as a form of promoting divisional autonomy (O’Hare, 2010, Management Accounting Lecture 8). It is useful when goods are transferred between divisions; hence, the performance measurement of each division is not prejudiced by the corporate objectives. The profitability of each business units will be affected and according to Solomon (1965 cited in Collier et al, 2007, pp.38-39), companies might take advantage of the transfer pricing which are suitable for evaluating divisional performance for the corporate interest, instead of the business units. Transfer pricing strategies and can produce substantial tax savings in addition to enhancing operational performance and improving cash flow. In many organisations, in order to avoid de-motivating effects on different business units, negotiated p rices are adopted. Say, each product is transferred to Derby division and it pays each division 70% of the sales it made from selling all the jams and yet still bare the cost of advertising, distribution and the head office costs. The local administrative expenses shall be bare by the respective divisions. There are downsides of transfer pricing. The political process in an organisation might affect the transfer pricing between divisions. Incorrect prices adopted can distort reported performance, by making some divisions more profitable at others expense. Opportunities exist to avoid taxes using artificial transfer prices to transfer profits from a high tax division to a low tax division. Rightsizing Rightsizing, or corporate restructuring, with the aim of reducing costs and improving efficiency and effectiveness is also one option in difficult times. Rightsizing is downsizing in the belief that an organisation really should operate with fewer personnel. The primary reason to engage in rightsizing is to make the daily operations of a business more productive. For example, a company may be able to replace assembly line employees with machines which will be quicker and less prone to error. In addition, rightsizing increases profits by reducing the overall overheads of a business. S.B. Ltd operates a full cost (TAC) standard costing system. The standard costs set fot the year 31 March 2010 and information about future costs and selling prices are in Appendix 2. Part 2 (700) Assuming the company decided to go for the option of keeping all divisions open and launching an advertising campaign, you are required to produce a standard cost card for each product and a budget for the company showing clearly the costs attributable to each division for the year to 31 March 2011. State clearly all assumptions made. Standard Cost Card A standard cost card can be defined as ‘a detailed listing of the standard amounts of materials, labour and overheads that should go into a unit of product, multiplied by the standard price or rate that has been set for each elements’ (Anon 2, 2010). A standard cost card, for example must include the price, specifications, quantity and quality of material required, as well as such factors as the period of credit allowed from suppliers, cash and quantity discounts, spoilage due to wastage and deterioration. A standard cost card demands an investigation of all contributing factors that can constitute a cost before the cost is adopted. According to Drury (2010, p.278), standard costs are ‘predetermined costs’ and they are the target costs that should be incurred under efficient operating conditions. The standard cost card will be subjected to updating caused by revision of standards such as changes in prices, discounts, etc. Standard costing is a control system which sets standards that are ideal, expected and achievable (O’Hare, 2010, Management Accounting Lecture). Collier (2007, p.36) put forward that standard costing is a control technique which compares standard cost and all of production revenues with actual results. It is to obtain variances of each division and product (O’Hare, 2010, Management Accounting Lecture 8), which are used to stimulate improved performance and to increase motivation of staff in each division. It is a detective control used to prevent problems from reoccurring as it measures variances as it occur, thus allowing management to take necessary corrective action. The standard cost card for the year ended 31 March 2011 (per batch of 40 jars each 500 grams) for Strawberry Jam, Raspberry Jam and Orange Marmalade are as below: Budget The principal tool in planning is called ‘a budget’. A budget is a collection of predictions. It is an estimation of the revenue and expenses over a specified future period of time. There are three purposes of budgets as identified by Emmanuel et al (1990 cited in Collier, 2007, pp.39-40), ‘as forecasts of future events’, ‘as motivational targets’ and ‘as standards for performance evaluation’. Budget is a financial plan or qualitative statement for implementing the various decisions to be pursued during a specific accounting period, that management has made in the previous period. Collier (2007, pp.39-42) suggest that budgets provide a control mechanism through both the feed forward and feedback loops. The control mechanism in the budget is to provide a performance monitoring function to the appropriate managers who are responsible for implementing the various decisions by producing and presenting the performance reports. According to Drury (2010, pp.8-9), the performance report provide feedback information by comparing planned and actual results. Generally, a functional budget is drawn up for each division of S.B. Ltd. These budgets are, then, merged together into a single combined statement, which is known as the master budget, of S.B. Ltd’s expectations for the future periods. The master budget consists of budgeted profit, which it is expected to convey to everyone in the organisation the part that they are expected to achieve in implementing management’s decisions. The master budget, usually, consists of a budgeted profit and loss, a budgeted balance sheet and a budgeted cash-flow statement. In order to finalised a budgeted profit and loss, other budgets for the individual divisions and produced, such as the sales budget, direct materials usage budget, direct materials purchase budget, direct labour budget, and selling and administration budget. Master Budget Budgeted Profit and Loss Account for the year ending 31 March 2011  £  £ Forecast sales (Schedule 1) 816,000 Purchases (Schedule 3) Materials Fruit 130,272

Hydrogels Essay -- Ethics, Bioprinting, Artificial Tissues

Tissue or organ printing approaches became popular due to lack of organ donors. To address this need, cells or biological molecules are embedded within hydrogels and these mixtures are printed with computer controlled rapid prototyping systems to yield printed organs (9). Bioprinting approaches are promising high-throughput techniques to create artificial tissues and organs for tissue engineering. Gels with or without cells/biological factors are printed on predefined positions layer by layer fashion (Figure 1) with the final goal of fixing damaged or diseases tissues (8, 9). Using this technique, cells can be homogeneously distributed within a hydrogel matrix on predefined positions. This technique is a potential remedy for the cases where cell seeding results in random cell distribution on solid scaffolds. Nozzle diameter, cell density, liquid rheology and operation temperature are the main factors, which affect printing quality in bioprinting based techniques (11, 33, 34). Patterning of cell or biological molecule loaded hydrogels have been widely performed by computer controll...

Violence on Television Essay -- essays research papers

"There was murderers going around killing lots of people and stealing jewelry." This quote comes from the mouth of an eight year old girl after watching the evening news on television. The eight year old girl claims that she is afraid "when there is a murder near because you never know if he could be in town" (Cullingford, 61). A recent report from the National Institute of Mental Health (NIMH) pools evidence from over 2,500 studies within the last decade on over 100,000 subjects from several nations to show that the compiled evidence of television's influence on behavior is so "overwhelming" that there is a consensus in the research community that "violence on television does lead to aggressive behavior" (Methvin, 49). Given that the majority of scientific community agrees that "the research findings of the NIMH publication support conclusion of a causal relationship between television violence and aggressive behavior" (Wurtzel, 21), why is it that "the Saturday morning "kid vid ghetto" is the most violent time on T.V." (Methvin, 49), and that "despite slight variations over the past decade, the amount of violence on television has remained at consistently high levels" (Wurtzel, 23)? Why is it that, like the tobacco companies twenty years ago, the present day television broadcasting companies refuse to consent that violent films and programming can and do have harmful effects on their viewers (Rowland, 280) What can be done to combat the stubborn minded broadcasting companies and to reduce the amount of violent scenes that infest the current air waves? The television giants of today, such as ABC, CBS, and NBC continue to air violent shows, because they make money off of these programs. In general, society finds scenes of violence "simply exciting" (Feshbach, 12). Broadcasting companies argue that "based on the high ratings, they are giving the public what it wants, and therefore are serving the public interest" (Time, 77). Michael Howe states: "We have to remember that children and adults do enjoy and do choose to watch those programs that contain violence" (48). At the same time, however, we must also remember the undeniable truth that "there is clear evidence between television violence and later aggressive beh... ...Television and the Child. London: Oxford University Press, 1958. Howe, Michael J.A. Television and Children. London: New University Education, 1977. Lowe, Carl, ed. Television and American Culture. New York: The H.W. Wilson Company, 1981. Methvin, Eugene H. "T.V. violence: the shocking new evidence." Reader's Digest Jan. 1983: 49-54. Milavsky, Ronald J., Ronald C. Kessler, Horst. H. Stipp, and William S. Rubens. Television and Aggression. Orlando: Academic Press Inc., 1982. Palmer, Edward L. Children and the Faces of Television. New York: Academic Press Inc., 1980. Pearl, David. "Violence and Aggression" Society Sept.-Oct. 1984: 17-23. Rowland, Willard D. Jr. and Horace Newcomb. The Politics of T.V. Violence. Sage Publications Inc., 1983. Feshbach, Seymour and Robert D. Singer. Television and Aggression. San Francisco: Jossey-Bass Inc., 1971. Skornia, Harry J. Television and Society. New York: McGraw Hill Book Company, 1965. Time. "Warning from Washington: Violence on Television is Harmful to children." May 17, 1982: 77. Wurtzel, Alan, and Guy Lometti. "Researching Television Violence." Society Sept.-Oct. 1984: 22-31.

Davy Crockett Essay

Davy did many thing through out his childhood all the way up to his adulthood. Davy was born in Tennessee on August 17, 1786 . John crockett (davy’s father) sent Davy to work for a man who was taking a herd of cattle to Virginia at age 12. Davy helped the man drive cattle for over 200 miles from Tennessee to Virginia. The trip was a little over 2 weeks, and then Davy finely returned home. Soon after, the man Wanted Davy to keep working for him. Davy was homesick but he still said yes. About one month later Davy could not stand being away from his family. So he ran away from the mans house and headed home. At age 13 Davy set out on his own, and learned to become one of the worlds greatest/and craftiest backwoodsman around. Legend says that Davy was friends with a bear and could get a raccoon to come down from a tree by just grinning at it . At age 16 Davy moved back to Tennessee with his family. In 1811 Davy’s family moved to Tennessee. They made there home near what is now the border of Alabama. By 1813 the white men had made the native Americans very made. The native Americans were called the creeks. The reason for the creeks being made is because the white men took there land. The white men thought the creeks were going to attack so they attacked first. the creeks fought back against the white men. This started a war. Davy helped the creeks fight against the white men. When Davy got back from the creek war, Polly gave birth to a daughter. Polly died in the summer of 1815. In 1816 Davy married Elizabeth Patton to care for his two children, let alone her own three children. In 1816 Davy almost died of malaria, and in 1818 Davy becomes a â€Å"court referee† in Lawrence country, Tennessee. In 1821 David Crockett was elected to the state legislature at age 35. In 1827 David Crockett was elected to the House of Representatives in Congress. David Crockett served in congress from 1827-1831, and then he served in Congress again from 1833- 1835. when he was in Congress he often made speeches and told many of his adventures. Books came out filled with information and stories about Davy’s life. They even made a lay about Davy called the lion of the west in 1831. David Crockett and a congressman Thomas Chilton wrote a book about Davy’s life. Davy was a legend while he was still living, and still is a legend to this very day. in 1835 David Crockett moved to Texas. Texas was not a state when Davy moved there. Davy was now 49 years old and he wanted to explore the frontier . Davy joined the Texas army. David fought in the Texas revolution in 183 6. the Texas Revolution was over a Mexican government that ruled Texas. The people who lived in Texas wanted to be free from the Mexicans.

Marketing of Financial Services †Georgia Supplemental

According to the subject ara Florida seems to be a flourishing likely trade for supplementary insurance. The demographics of the state already show humongous migration trends resulting in influx of young families sexual climax into the state which is offering them comfort and protective covering with better jobs. According to the 10 category projection of tabun secondary, of the activity in the Florida grocery, the demand for supplemental insurance is move to increase. This is beca practise of the increasing members in the house take on in the future years and the fact that approximately employers in Florida do not try complete coverage of expenses through insurance. The case depicts the statistics that this particular segment of the market is to call on at 6-7 percent in the succeeding(a) 10 years.An some other issue which makes Florida an fascinating marked for supplemental insurance policies offered by Georgia is that sideline expenses are oft not covered under medical checkup insurance policies and Georgia supplemental has managed to implore onto this market by providing policies for large expenses which are not covered by conventional insurance selling companies.The research conducted n 2003 by Benefits Research Inc. stated that an average out family spent just or so $ d on dental expenses and only about 29 percent of these expenses was focused on pr counterbalancetive care. Similarly, it was found that only 17 percent of the employers n Florida were offering their employees with visual modality care which is a main production and service provided by the Georgia Supplement. This as well as shows room for a prospective market which can be captured by the fellowship if it decides to expand into Florida.Conclusively, according to the information provided in the case it is a very prospective and fruitful venture for Georgia Supplemental to expand into Florida. The decision of the expansion may be somewhat biased as well as a dearl y-won one due to the chief executive officers affiliations with the state but the statistics and records show that the market is ripe for the kind of products offered by Georgia and the ships company expansion would prove to be successful in the coming years.1. What is your judicial decision of the proposed direct mail campaign and the forwardingal letter?Direct mail has already been a successful mode of promotion for financial services and products like conviction cards. The assumption in this case is that by using direct mail technique to inform the employers in Florida about the products offered by Georgia the company would be capable to promote its product to their future market. This is an tolerate strategy as it tends to read employment to the store, generate and increase sales for the company as well as assistant generate interest and promote the products by promoting brand recognition and cultivating immense enclosure relationships with the clients.However, more (prenominal) perseverance is required on the part of the company. It is mentioned in the case that the CEO has contacts in the Florida region. The company can use these contacts as well as the referrals of the fulfill customers in its other markets to build want and awareness of the company and its products and services in the Florida market.This can be done by sending out promotional letter by direct mail as mentioned in the case. However another more personalized mode would be to hold an event or a host in Florida where the prospective employers and satisfied customers from other markets could be invited, a promotion set up can be shown to them and the event would in like manner enable the company to build long term business relationships with their prospective clients.This method of promotion would be more costly than direct mail and likely to drive up the expenses for the company. This method can even support the direct mailing as it would help attract more customers mag ical spell maintaining the current ones and helping retain them as well.Reference1.Wolf, K., (1998), Planning a palmy Direct Marketing Campaign, WGSC Publications, available at http//cpa.utk.edu/pdffiles/adc9.pdf

Pip grows Essay

stumble grows up as a b overleapsmiths assistant heretofore he had al representations truly cherished to be a gentleman. He is stunned when he receives a generous amount of m unrivaledy from an unk presentlyn source. Pip quickly jumps to the assumption that his new prime wealth had been provided by Miss Havisham. He goes to thank her and she carries on bequeathing him vote down the wrong belief that this wealthy help is her. Pip wishes to become a gentleman and traveled to London to complete his learning.He meets nearly(prenominal) portions that help him on his way through intent. Pip becomes a stuck up snob who c bes for nonhing scarcely himself-importance and though he believes he is nice a gentleman he is and becoming rude, self obsessed and unable to analyze cl primordial once again. His actions were idiotic and lead to his own destruction when he becomes in debt and unable to help himself. He indeed find give away to his surprise that the blame he helped so long ago when he was simply a fast little boy is his benefactor and non Miss Havisham.I feel it is now that Pip comes to the realization that his images of Estella and Miss Havisham were to a greater extentover illusions and did not tell the truth that personate deeper in their dark hearts and personalities. Pip, heretofore, is dumb obsessed with Estella and depart not completelyow in it because of his pride and snobbishness. Miss Havisham repents her cruelty and a equivalent allowing Pip to believe she was something that she was not. Miss Havisham wishes for mildness and begs it from Pip. He however, he does not die it to her and she dies violently in a empty while Pip is with her in her house.Magwitch is so sentenced to death because of his re make to England, Pip and devil others past plan to help Magwitch by getting him afield and out of riskiness moreover they fail to save him because they be s make itped by the river-police and they find Compeyson onboa rd. Magwitch and Compeyson difference of opinion and struggle Compeyson drowns and Magwitch escapes with brutal injuries. He then dies later in prison and on his death bed tell billet that his daughter and Pip are in making love. Magwitchs daughter is Estella.This news hits Pip and he is left hand alone while he sets up his own business with the truly little money he had experience to save. Unfortunately he becomes ill besides lucky for him Joe rescues him and pays off his debts. It is now Pips turn to repent his snobby actions and returns to Kent with the hope to adopt Biddy. He find out that she is al immortalisey married to Joe. Pip then goes abroad and returns s compensate years later only to meet Estella in the ruins of Satis House. It is there that they crown that they will be united. This is The story after his first two flavor changing encounters.Pip develops his roughage in many ways, especially in ways that were unlooked-for as when we first met him he give a waymed to be a boy who at such(prenominal) a unripe age had soundless the identity of things and was kind and caring even through the hardship so early in his life. This does show that the money he received not only changed him scarcely later helped him to see clearly in the way he had when he was adept a young innocent boy. He suffered so untold in his life but we as an audience essential realise he did bring the absolute majority of it on himself.It was brought through his snobbery and rejection of those that would draw always been true to him no topic what and the reality that they did stay true to him. In a twisted way his money, snobbery and later trauma helped him in appreciating his life. If it was not for the late suffering he endured however her would not clear redeemed himself and this intimate is crucial. Although it is hard to believe Miss Havisham and Estella could have experienced true feelings we do see that they learn to have genuine feelings of love and sadness.Miss Havisham shows her feelings with many thanks to Pip. The undercoat I say this is because when Miss Havisham realises the prudence of Pips love for her adopted daughter Estella who she taught to loathe and destroy men she remembers her love with Compeyson. She then remembers herself and fancys her sins and does the only thing she hark backs she tail do. She takes responsibility for her actions. Miss Havisham asks for Pips forgiveness, helps Herbert easy lay and leaves and fortune to Herberts father.All of these self less acts show Miss Havisham, for on last time, became in touch with her feelings that she left behind so long ago. Estella not only show that she has feelings but she is understood as someone similar to Pip. give the sack her disdain and the audience will recognize that she too was an orphan and a victim. They component part so many similarities yet are separated so much by different positions in both life and society. They both use their surroga te parents to exclude revenge from society. Pip uses Magwitch and Estella, of course, uses Miss Havisham.Estella is presented as a hated character because of her lack of care and love but she is to no extent evil she is only vivacious and acting how she thinks she should because of what Miss Havisham taught her. Estella was taught many lessons but not to love. She is honest in admitting this and does not try to deny it. She tells Pip that she will toy with all men but not him and this presents a type of loyalty. I am certain that Estella knew of Pips love for her but she did not love him back because if the guileless reason that she did not how to.Estella did show that she had some feelings for Pip when she allowed him to kiss her in their childhood. aft(prenominal) her failed marriage I think that She came out of it scared of the world and the things she did not understand like love and I think she was scared of herself because she did not know how top react to situations due t o the lack of discipline she was granted by Miss Havisham when she was young and innocent. Estella was a strong and proud character but she needed to be love by someone that was not victimisation her to succeed where they did not (Miss Havisham) or to meet use her (Drummle).Although this novel was written more than one hundred fifty years ago its themes of love, snobbery, suffering and redemption are still relevant at once and will still be relevant in another(prenominal) 150 years. I think that Charles Dickens was not ahead of his time when he wrote this, I feel he was at a point in his life were he had realised the identity of things.. for himself. He knew like anyone who reads this watchword that these characters are not one person they represent so much more than that, society as a whole.Their suffering can be read into and developed more to explain difficulties we, the audience, go through today during our life. I can guarantee you that each and every character and their story will relate to another person in this world today and a person in the time to come too. Charles Dickens wrote this novel to help us understand what he did. This book is rough life and death and all the pieces in between. A griping novel and a book which has one page to relate to a different part of life or a different life all together.