Final Report (other different copy) Essay Example | Topics and Well Written Essays - 2000 words

Last Report (other diverse duplicate) - Essay Example Today Qatar Islamic Bank remains as one of the biggest and best monetary establishments in the Islamic financial area (Qatar Islamic Bank). QIB offers assorted money related types of assistance. It contains projects of the land venture, long haul business and modern speculation. Besides, there are administrations of retail banking and individual financial which QIB sorts out. Out and out there are six sections in which QIB works comprehensively venture fund, authoritative money, resource, land, corporate and working capital account (Qatar Islamic Bank). We have faith in Islamic Shari’a and hence serve the mission to give Shari’a-agreeable money related answers for our customers. We commit ourselves to augment proficiency, for our customers as well as for the entire society that give us the perfect chance to develop and to serve. It is development, which sets our way for execution and honesty (Qatar Islamic Bank). For an entry level position, I got delegated as an understudy in the Qatar Islamic Bank. The association titled me as CSR (client assistance delegate), where I had numerous errands to oversee like managing customers and speaking with workers for requests. It was essentially a learner position to go with which included expertise improvement, collaboration and dynamic investment. I was part in various exercises like customer managing, value-based action or administration work. Formally I was a student, however I was given a complete discussion where I could investigate each significant zone of the financial nature. It was fundamentally non-traditional banking, allowing me to discover that how non-customary financial functions and capacities. In general, it was anything but an unmistakable position like a titled one, yet a various position, which included various errands and various situations. Turning out to be a piece of the Qatar Islamic Bank framework was a perfect learning opportunity.

The story Killings by Andre Dubus Essay Example for Free

The story Killings by Andre Dubus Essay The story Killings by Andre Dubus is about a man named Matt and his adoration for his child Frank. He is vexed in light of the fact that his child has been slaughtered by a man called Richard. Matts spouse, more established child, and his companions imagine that Richard ought to be executed as well. His child wishes to kill the killer of his more youthful sibling, yet Matt is even terrified of the idea in light of the fact that doing so implies that he would lose his subsequent child, as well. His significant other likewise wouldn't like to see Richard alive. In Killings, Matt resents himself for the explanation of not having the option to ensure his child and is compelled to execute his children killer; in any case, toward the end he isn't energetic about it rather he is disturbed and discouraged. One reason that Matt executes Richard is his own significant other. She is extremely harmed by her children passing. She is continually crying since she sees her children killer strolling around in the stores constantly which murders her. When Matt tells his companion Willis Ruth sees him to an extreme. She was at bright Hurst today getting cigarettes and anti-inflamatory pills and there he was. She cannot go out any longer. It is executing her (90). This clarifies the amount of weight he is under to retaliate for his children demise. This leads him to murder Richard despite the fact that he wouldn't generally like to execute him Another one reason for Matts activity is that Matts more established child Steve needs to slaughter Richard. For instance, when they leave in the wake of covering Frank to his memorial park, Steve goes to his family and states, I should slaughter him (89). This point out that Steve is additionally exceptionally harmed by his more youthful siblings passing, who was just twenty one years of age. He feels so defenseless and wishes to execute Richard. Matt is extremely frightened by this since he wants his child to execute anybody. On the off chance that he submits murder, Matt would lose his subsequent child, as well. Matts companion Willis additionally proposes that he should execute Richard in light of the fact that Richard has consistently been brutal and vicious. When he shot a womans spouse for her and dropped him off the extension in the Merrimack River with a hundred pound sack of concrete. He even secured his wrongdoing by saying that no one helped the lady. This proclaims what sort of a man Richard is and what he has done to other people. Presently he has murdered Frank which was brutal of him, and Matts family accepts that he has no privilege to live. Willis is likewise constraining Matt to accept that whatever his family considers doing to Richard is correct. Willis urges Matt to execute Richard himself before somebody in his family submits the demonstration and he loses another relative. Just so everybody would be calmed and believe that equity has been finished.

Moral Hazard Causing A Deadweight Social Loss Finance Essay - Free Essay Example

According to Kaminsky and Reinhart, 1999, there have been many currency crises during the post-war era. They can be classified as first-, second- or third-generation currency crisis. A currency crisis is an episode in which the exchange rate depreciates substantially during a short period of time. FIRST GENERATION CURRENCY CRISIS MODEL: Krugman (1979) and Flood and Garber (1984) models come under first generation models. It states that, traders speculate against fixed exchange rate in order to profit from an anticipated speculation. In first-generation models, the collapse of a fixed exchange rate regime is caused by unsustainable fiscal policy. A hallmark of first-generation models is that the government runs a persistent primary deficit. The key ingredients of a first-generation model are purchasing power parity (PPP), government budget constraint, timing of deficits, money demand function, governments rule for abandoning the fixed exchange rate and the post-crisis monetary policy. In first-generation models the government follows an exogenous rule to decide when to abandon the fixed exchange rate regime. This model suggests that- The crisis is due to the poor government policy. The source of the upward trend in the shadow exchange rate is given by the increase i n domestic credit. Even though the crisis is sudden, it is a deterministic event: the crisis is inevitable given the policies and the timing is in principle predictable. These models are not harmful and it doesnt have effect on output. The crisis determination is a future policy stances that investors foresee, not the one observed in the past. The importance of policy choice in deciding to quit the fixed exchange rate regime. In fist generation models, there is no relation between capital flight and abandonment of the peg. There is no long-run equilibrium exchange rate. SECOND GENERATION CURRENCY CRISIS MODEL: These models are mainly based on the interactions between expectations, macro economic trade-offs and decisions. These are characterized by multiple equilibria and the interactions between market expectations and policy outcomes. In second-generation models the government maximizes an explicit objective function (Obstfeld, 1994). This maximization problem dictates if and when the government will abandon the fixed exchange rate regime. These differs from the first generation models in no irresponsible policy, no predictability of the crisis and there is no negative impact on employment and output if the country leaves the peg. 2. MORAL HAZARD Moral hazard is a situation where one party has more information(usually the party that is insulated from the risk) than the other in a transaction (usually the party paying for the negative consequences of the risk). It arises because an individual/institution does not take the full responsibilities of its doings and also from principal-agent problem. EXPANDED GOVERNMENT GUARANTEES FOR BANK LIABILITIES: A key element of policy crisis is the government provision of a financial safety net for financial institutions. So governments have felt obliged to go beyond the usual support measures, moving to expand existing guarantees and to introduce new ones. The valuation problems and other related actions like loss sharing arrangements for assets and capital injections were appeared to prevent further loss of confidence on the part of market participants by raising that the retail depositors and other creditors would continue to provide a stable source of funding for banks. It leads in reducing the threat of insolvency of these entities. By doing this, the government earns a small fee from the debt issuer for lending out its top credit rating like as financial guarantee insurance companies,. There are no further hidden costs associated with these measures. Even if guarantees do not generate significant upfront fiscal costs, they create large contingent fiscal liabilities, as well as other potential costs that may arise as a result of distortions of incentives and competition. Another important issue related to the additional guarantees is their pricing. In this respect, the potential distortions should be limited to the extent that government guarantees are priced appropriately. By contrast, distortions may arise because when guarantees are offered at prices that are substantially lower than market or some form of fair prices. WORKING OF CIRCULAR PROCESS IN REVERSE TO CAUSE ASSET PRICES COLLAPSES The mechanism of crisis involved that same circular proces s but in reverse: falling asset prices made the insolvency of intermediaries visible, forcing them to cease operations, leading to further asset deflation. This circularity explain both the remarkable severity of the crisis and the apparent vulnerability of the Asian economies to self-fulfilling crisis. The boom-bust cycle in Asian economies experienced in the investment and in asset prices. It showed that assets were in imperfectly elastic supply. In the first period, investors bid for fixed assets(land) and set their price. In the second period they receive rents, which are uncertain at the time of bidding. The intermediaries can bid on the land based not on the expected value of future rent but on the Pangloss value. So all assets will end up owned by intermediaries, and the price of the assets will be double what it would be in an undistorted economy. 3. MORAL HAZARD CAUSING A DEADWEIGHT SOCIAL LOSS Moral hazard is the lack of any incentive to guard against a risk when you are protected against it by the insurance is called moral hazard. It is the phenomenon of undertaking risky corrupt loans and transactions, but knowing that if it fails the state will pick up the tab. In the table 1, one yields $107 million; the other will yield $120 million in favourable conditions (good state), but only $80 million in unfavourable conditions(bad state). The good state and the bad state are equally likely, so that the expected returns on this risky investment are $100 million. But, the owner of the financial intermediary knows that while he can capture the excess returns in the good state, he can walk away from the losses in the bad state. So if he chooses the safe investment he gains a sure 7; but if he chooses the risky investment he gains 20 in the good state, loses nothing in the bad state, for an expected gain of 10. Thus his incentive is to choose the risky investment, even though it has a lower expected return. And this distortion of investment decisions produces a deadweight social loss: the expected net return on the invested capital falls from $7 million to zero. The globalization of trade and finance is changing international relationships at several levels of interaction like in the conduct of commercial activities, in relation to labour standards, the protection of physical environment and in other social and political issues. Both the captivity and the willingness of the parties who control financial capital to supply or withdraw capital from an economy quickly contribute to the rapid development as well as the severity of balance of payments and debt crisis for some economies. The process of globalization leads to an overall increase in the level of economic activity and everyone benefits from this process. The potential benefit of financial globalization will likely lead to a more financially interconnected world and a deeper degree of financial integration of developing countries with international financial markets. The main benefit of financial globalization for developing countries is the development of their financial system (Levine, 2001). There are two main channels through which financial globalization promotes financial development. First, financial globalization implies that a new type of capital and more capital is available to developing countries. Second, financial globalization leads to a better financial infrastructure, which mitigates information asymmetries and, as a consequence, reduces the problems such as adverse selection and moral hazard. 4,5, 6 7. DIFFERENCES BETWEEN THE EXPECTED VALUE OF LAND RENT AND ITS CORRESPONDING PENGLOSS VALUE There is a two period model to explain land value. In the first period, investors bid for land and setting its price. In the second period they receive rents, which are uncertain at the time of bidding. The financial intermediaries will be willing to bid on the land, based not on the expected value of future rent but on the Pangloss value. So all land will end up owned by intermediaries, and the price of land will be double what it would be in an undistorted economy. In an undistorted economy we can solve backwards for the price. The expected rent in period 3, and therefore the price of land purchased at the end of period 2, is 50. Therefore the expected return on land purchased in period 1 is = The expected rent in period 2 (50) + The expected price at which it can be sold (50), for a first-period price of 100. This is also the total expected rent over the two periods. Now suppose that intermediaries are in a position to borrow with guarantees. Again working backward, at the end of period 2 they will be willing to pay the Pangloss value of third-period rent, 100. In period 1, they will be willing to pay the most they could hope to realize off a piece of land: the Pangloss rent in period 2, plus the Pangloss price of land at the end of that period. So the price of land with intermediation in period 1 will be 200. It seems that the multi-period version of the model, in which part of the return to investment depends on the future prices of assets, makes no real difference to the distortion of those prices imposed by guaranteed intermediaries. However, this result changes in a dramatic way once we allow for the possibility of changes in the financial regime that is, if we believe that moral hazard may be a sometime thing. 8. KRUGMANS MODEL JUSTIFICATION ON OCUURANCE OF SELF-FULFILLING FINANCIAL CRISIS A key feature of a self-fulfilling crisis is the collective action of economic agents(Obstfeld, 1996 and Radelet and Sachs, 1998). This collective action may be promoted either by random shocks or the direction given by an obvious market leader. In both cases, if the intrinsic self-fulfillingness is believed to be the main reason for the financial crisis, then relatively little can be proposed in the way of future preventive policies. Self-fulfilling crisis may happen even though the countrys financial management is strong. So tough measures such as regulating sort-term capital flows were proposed to prevent the crisis. Krugman noted that the conflicts among the policy objectives do not necessarily ensure a random occurrence of crisis, even if the policy is formulated endogenously. He also stated that when market participants expect gradual worsening of market fundamentals, the economy tends to have unique equilibrium, and crisis erupts as soon as the economy heads into a crisis zone. If the crisis do not occur when an economy enters the crisis zone, this could be due to both arbitary nature of expectations as well as changing expectations about future fundamentals. 9. EXPLANATION OF ASIAN CRISIS 1997 BY KRUGMANS MODEL The Asian financial crises can be attributed to three major factors. They are international factor, domestic factor and intrinsic market failure. Among these three, both the domestic and international factors didnt responsible to much cause of Asian crisis, but the third one intrinsic market failure was responsible for that crisis. So the Asian crisis was because of a unpredictable self-fulfilling financial panic, which is a phenomenon typical of market failure. A key feature of a self-fulfilling crisis is the collective action of economic agents. This collective action may be promoted either by random shocks or the direction given by an obvious market leader. In both cases, if the intrinsic self-fulfillingness is believed to be the main reason for the financial crisis, then relatively little can be proposed in the way of future preventive policies. Self-fulfilling crisis may happen even though the countrys financial management is strong. So tough measures such as regulating sort-t erm capital flows were proposed to prevent the crisis. The East Asian crisis shed the light on the world economy to prevent or escape from the effects of similar crisis that will result in the future. Such developments relate to the deregulated nature of world financial markets, so that the triggering mechanism of a crisis may be financial. This is not to deny that financial panics may also emanate in situations where there has been no significant deterioration in the real economy above all on the profit rates. Hence when profits start to dip a careful calculation needs to be made. In regard to direct investment, the decision naturally cannot be acted upon with immediate effect, but in financial markets exiting from markets can be done almost instantaneously.

What Makes A White Dwarf - 1447 Words

1. What is it called when a star like the Sun sheds most of its mass? When a sun like star like the sun sheds most of it’s mass it is called a planetary nebula. 2. Which is the fate of our Sun? c. white dwarf a. Blackhole b. Supernova type Ia c. White Dwarf d. Red Dwarf e. Supernova type II 3. Using http://imagine.gsfc.nasa.gov/science/objects/dwarfs1.html, what is the composition of a white dwarf? According to NASA the composition of the white dwarf is apparently hardly noticeable and the attempt at those being the brightest was just as much as an ordinary 100 watt light bulb from the moon. The planetary nebula is the change from a medium mass star that’s a red giant to a white dwarf that’s very close to the power of the sun eventually†¦show more content†¦Astronomers think they are related to neutron stars because they are the leftovers in a way of massive stars, the remains even though they are highly magnetic and can move and orbit at very high speeds. With a pulsars life, birth, and death being very similar to how a neutron star is, we can begin to see why. 7. What is the difference between Type Ia and Type II supernova. The difference between a type Ia and Type II supernova is that a type II is caused by a big star collapsing and a Ia supernova is a white dwarf that emits enough mass and power to overcome the chandraskhar limit and collapses under the weight of it’s overly increased power. 8. Use http://hubblesite.org/explore_astronomy/black_holes/modules.html to find Blackhole in M33. What type of telescopes can see it? How far away is the blackhole? Where is it located? (2 pts) According to Hubblesite, the type of telescopes that can see it X-ray, Visible Light, and radio waves. There is quite a few blackholes, A supermassive one that is 2.5 million lightyears. Another supermassive that is 730 million light years away, One that is 28,000 light years away that is super massive and another one that is 2.5 billion light years away and is another supermassive. 9. According to http://www.nasa.gov/audience/forstudents/k-4/stories/nasa-knows/what-is-a-black-hole-k4.html, could a blackhole destroy Earth? The Moon? The Sun? According to NASA: What is a black hole – A black hole could not really destroy the earth becauseShow MoreRelatedSnow White And The 7 Dwarfs Analysis1453 Words   |  6 PagesSnow White and the 7 Dwarfs is a fairytale that reflects the good vs. evil in every story. I want to find out what characters fit the definition of sacred and why. Who is representing the good and who is representing evil. I want to look for rituals performed throughout the story and what moral patterns and consequences fit into the story. Does this story have any concepts that would fit or follow the Sacred Quest. Which character best describes me and my relationship to the sacred. Finally, howRead MoreNegative Influence Of Disney1423 Words   |  6 Pagesthat Disney is wholesome and innocent, and only wants to make animated films that every family has the opportunity to enjoy. On the other hand, however, others argue that Disney is a corporation, whose ultimate goal is to spread their brand and make a lot of money. In the words of Michael Eisner, CEO of the Walt Disney Co., â€Å"We have no obligation to make history. We have no obligation to make art. We have no obligation to make a statement. To make money is our only objective† (Mickey Mouse Monopoly)Read MoreAnalysis Of Snow White And The Seven Dwarfs1411 Words   |  6 Pages Snow White and the Seven Dwarfs Film Critique Di’Yana Mathis ENG225: Introduction to Film Professor Sameer Joshi October 2, 2017 â€Æ' Snow White and the Seven Dwarfs Film Critique Snow White and the Seven Dwarfs (1938), is a fantasy film written by Ted Sears and Richard Creedon. This animated movie, made by Disney, was created so young children can watch and enjoy all over the world. This is a very popular film because it was the first animated movie created in England and made in color. InRead MoreSnow White And The Seven Dwarfs1522 Words   |  7 Pagesto achieve perfect realism. Walt Disney’s Snow white and the seven dwarfs (1937) is one of the earliest attempts in capturing realism and achieving the ‘life like’, introducing new techniques such as roto-scoping in characters and multiplane cameras to create 3 dimensional depth. Therefore there are many flaws regarding techniques, style and narrative despite how much effort and care was put into its making. The scenes when snow white meets the dwarfs, sings into the well, and when the Queen transformsRead MoreThe Importance Of Fairy Tales1397 Words   |  6 Pageschildren to make logica l decisions based on the choices that the characters make within the tale. They see the actions that the characters engage in and, as a result, the consequences that follow, which allows them to analyze what happened and why. In â€Å"Cinderella,† â€Å"Snow White and the Seven Dwarfs† and â€Å"Hansel and Grethel,† through the various obstacles that Cinderella faces to be with the prince and her interaction with her step-sisters, the Queen’s false intentions towards Snow White and her relationshipRead MoreTerm Paper Outline Death of Stars826 Words   |  4 Pageshydrogen that it can convert into helium, it can then take on one of several paths. It can lead to white dwarfs, novae, supernovae, neutron stars or even black holes. II. When a star begins the phase of dying, it is deprived of the energy that is needed to prevent it from collapsing in on its core. The size of the star depends on what happens next in this vicious cycle. III. We still don’t know exactly what happens to low mass stars when they die as the universe has not been around long enough forRead MoreAnalysis Of Snow Whites Stepmothers1351 Words   |  6 Pagesfactory, Oct. 10, 1940. If Hitler would have ever met Snow White, he would have romanticized her just as much as everybody else did. The extreme dictator made it his mission to eliminate anybody in Germany who was not part of his model society by being blond, blue-eyed and tall. Undoubtedly, Snow White would have been part of his model society with her extremely fair skin and blood red lips. 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Working in 21st Century - 2947 Words

WORKING IN THE 21st CENTURY SEMESTER 1 ACADEMIC YEAR 2012/2013 LECTURE 1 Overview of Course Description of Assignment  © KAMAL KANT, 2012 1 COURSE OBJECTIVES 1. 2. 3. 4. NEW PARADIGM OF WORK CAREER THEORIES ABOUT UNDERSTANDING YOU LEARN TO WORK IN 21st CENTURY ïÆ' ¨ MOTIVATION, LEADERSHIP, TEAMS, INTELLIGENCE STRESS 5. SUCEEDING IN CAREER 6. CAREER PLANNING AND JOB HUNTING  © KAMAL KANT, 2012 SEE COURSE OUTLINE CONTENTS OF TEXT FOR DETAILS 2 WORKING IN THE 21st CENTURY †¢ 13 lectures. †¢ PowerPoint slides of lectures will be posted at least a day before the lecture. †¢ There is a prescribed text for course †¢ There will be recommended readings. †¢ These [prescribed text recommended readings] must be read if you hope to do well/pass –†¦show more content†¦Ã¢â‚¬ ¢ Therefore important to read on a regular basis rather than waiting to the ‘end’ to read! Clarify during break†¦do not wait to the ‘end’ and then send email†¦..too ‘difficult’ to explain!  © KAMAL KANT, 2012 12 ABOUT THE EXAM †¢ You can be assured there will be questions on the following topics: – – – – – – – – – Career Theories [at least 2 questions] Changing World of Work, Trends Forces of Change Self-Concept SOME EXAM QUESTIONS MAY BE Motivation SIMILAR, IF NOT IDENTICAL TO Intelligence QUESTIONS THAT HAVE APPEARED IN PAST EXAM PAPERS. 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Budgeting and Performance Evaluation Teddy Bear Toy Corporation

Question: Discuss about theBudgeting and Performance Evaluation for Teddy Bear Toy Corporation. Answer: Introduction Teddy Bear Toy Corporation is a division of Acme Products Limited that deals in the manufacturer of toys. Daphne Wong heads the firm. She just received a preliminary report, and the results were not that pleasing. Her budgeted figured had deviated from the actual data. This report analyzes the possible causes of the variances, what modification could b done to the incentive plan, and how the firm could incorporate a balanced scorecard in its operations. Analysis Likely Explanations of the Observed Variances Teddy Bear Toy Company had many variances both favorable and adverse from its budgeted results. The company realized a favorable sales volume variance of 45,556 units since thy sold at a lower price, they advertised more, and there was less competition (Wiseman, 2010, pp.1067-1094). They, however, incurred an unfavorable sales price variance on retail and catalog since they decreased their prices and faced more competition because their competitors also lowered their prices to lure customers to buy from them as seen in the appendix (Wiseman, 2010, Pp.1067-1094). The teddy bear toy corporation also realized an unfavorable direct material price variance of $ 214,916 since there was a rise in the market prices of raw materials and they purchased many high-quality raw materials to cater for the rising demand for their goods (Bhimani, 2012, pp.300-310). The firm also realized an adverse direct labor rate variance of $ 980,305 as seen in the appendix. Ideally, this variation is caused by a rise in the labor rates causing the company to pay its workers higher wages. The teddy bear organization also realized an adverse variable overhead spending variance of $ 679,361. This difference was caused by preferring high quality of labor (Hart, Wilson, and Keers, 2001, pp.299). The firm also incurred a favorable manufacturing overhead variance of $ 3,023 and a favorable administrative overhead variance of $ 261 as seen in the appendix. This implies that they were able to plan and control their fixed overhead variance. Lastly, the business incurred an unfavo rable fixed selling expenses variance of $ 560,192, which shows that they did not plan well and they, therefore, ended up spending more on advertising than they should have. Advantages and Disadvantages of an Incentive Plan An incentive plan is a tool used by departmental heads to motivate their workers by rewarding those who show high performance and encouraging those who portray little performance. Its main advantages are it ensures motivation of employees (McQuerrey, 2010). Ideally, it is a fact that when the employee is rewarded they get encouraged to achieve better results thus increasing the productivity of the departments. Second, it increases the earnings of a firm (McQuerrey, 2010). This is because high productivity would lead to increased sales and hence higher profits. Third, incentive plans are beneficial since it ensures the loyalty of the employees to the firm (McQuerrey, 2010). This is because when they are rewarded through incentive programs, they are likely to be loyal to the company and therefore make it achieve greater strategic goals. This implies that they will be unlikely to quit their employment opportunities in search for better job opportunities thereby leading to reduced employ ee turnover. Lastly, incentive plans would result in collaborative efforts where both the employees and the departmental heads work together to achieve the strategic goal of the enterprise (McQuerrey, 2010). Despite its numerous advantages, it also experiences some disadvantages. According to Alex Saez, as an employer, one may feel that the incentive ought to be in a consistent performance and not a single performance (Saez, 2010). If employees find out that they are being evaluated this way, they will become resentful to those in businesses who are receiving higher bonuses (Saez, 2010). To make some modifications in the incentive plan, I would encourage that Wong offers non-cash rewards rather than cash rewards such as trips and gifts. This would reduce the resentment of the junior employees to those in office and therefore encourage them to work harder. Balanced Scorecard The performance dimensions that are included in a balanced scorecard consist of the learning and growth perspective, the internal business process perspective, the customer perspective and the financial standpoint (Meyer, 2009, pp.66-100). The performance indicators may include whether the teddy bear firm could improve and create value for the business, what exactly they must do to excel, how the customers see them, and what image they portray to their shareholders (Kara Mohamed, 2006, pp.202). When the teddy bears organization analyzes these indicators, they would be able to determine what they need to do to improve (Horngren, Harrison, and Oliver, 2008, pp.99-101). Recommendations This report recommends that Wong implements a balanced scorecard approach into the firm. Here she would be able to facilitate what the customers want, where they want to be, how the shareholders look at the organization, and how they can create value. Lastly, the report recommends that Wong looks at cost-effective ways of production. References Meyer, M. (2009). Rethinking performance measurement. Cambridge: Cambridge University Press. Pp.66-100. Retrieved on 26 September 2016. Kara Mohamed, M. (2006). Balanced scorecard implementation. Pp.202. Retrieved on 26 September 2016. Horngren, C., Harrison, W. and Oliver, M. (2008). Accounting. Upper Saddle River, N.J.: Prentice Hall. Pp.99-101. Retrieved on 26 September 2016. Saez, A. (2010). The Disadvantages of Incentive Plans. StudioD. Retrieved on 26th September 2016 from https://www.smallbusiness.chron.com/disadvantages-incentive-plans-56703.html/ McQuerrey, L. (2010). The Advantages of Incentive Plans. StudioD. Retrieved on 26th September 2016 from https://www.smallbusiness.chron.com/advantages-incentive-plans-55858.html/ Wiseman, B. (2010). Budgeting. New York, NY: Weigl Publishers. Pp.1067-1094. Retrieved on 26 September 2016. Bhimani, A. (2012). Introduction to management accounting. Harlow: Financial Times Prentice Hall. Pp.300-310. Retrieved on 26 September 2016. Hart, J., Wilson, C., and Keers, B. (2001). Budgeting principles. Frenchs Forest, N.S.W.: Prentice Hall/Pearson Education Australia. Pp.299. Retrieved on 26 September 2016.

Theodore Roosevelt Essays (898 words) - , Term Papers

Theodore Roosevelt Theodore Roosevelt "The life of Theodore Roosevelt (1858?1919) was one of constant activity, immense energy, and enduring accomplishments. As the twenty-sixth President of the United States, Roosevelt was the wielder of the Big Stick, the builder of the Panama Canal, an avid conservationist, and the nemesis of the corporate trusts that threatened to monopolize American business at the start of the century. His exploits as a Rough Rider in the Spanish-American War and as a cowboy in the Dakota Territory were indicative of his spirit of adventure and love of the outdoors. Reading and hunting were lifelong passions of his; writing was a lifelong compulsion." After graduating magna cum laude, from the Harvard University, Theodore began to lay the building blocks for his public career. He began one of the most historic political careers ever. Roosevelt put his early political years in these words, "I rose like a rocket". After being a New York Assemblyman, United States Civil Commissioner, Assistant Secretary of the Navy, Roosevelt played a significant role in the Spanish-American War. The Spanish, who once thrived in the new world, really only controlled Cuba now. But the Cubans attempted several times to receive their independence. The Cubans were mistreated, so the United States stepped in. War was declared against Spain by the United States. As the war went on Roosevelt began a group called the Rough Riders. This group consisted of largely cowboys, Indians, and college athletes. The group was led by Teddy and Colonel Leonard Wood. On June 30, the Rough Riders marched to Santiago. Then On July 1, the Rough Riders played a huge role in the American victory at San Juan Hill. Now with the Hills, Teddy the Rough Riders and the rest of the American troops, were ready to attack Santiago. Later, because Spain could not fight anymore, Spain asked for a peace agreement. Now Teddy was a war hero, this is nothing but help his chances for the U.S. President spot. After holding the governor spot over New York, Theodore ran as Vice President with William McKinley. On September 6, 1901 President McKinley was assassinated by, a anarchist named Leon Czolgosz. And the Rough Rider, cowboy, was now the President of the United States. "Although only 42, by far the youngest president in the nation's history up to that time, Roosevelt brought solid qualifications to the office." " No event had a more profound effect on Theodore Roosevelt's political career." As the President, Roosevelt look out for the best interest of the United States. In dealing with business, President Roosevelt was determined to see that no "Big Business" had a monopoly. As a result in early 1902, the attorney-general was ordered by Teddy to file a suit against The Northern Securities Company, which was a railroad investment company. The company controlled 3 major railroads in the Northwest. The Northwest Securities Company was charged with being a monopoly, under the Sherman Antitrust Act. The Supreme Court later ruled on the case a said the Northern Securities Company must be broken up because they were "combination in restraint of trade." Because of the success that Roosevelt won in this case, he brought charges on over 40 more Big Businesses. The most important businesses broken up by the Supreme Court, as a result of Roosevelt's actions were the Standard Oil Company and the American Tobacco Company. Because the antitrust cases were took so long to get to the Supreme Court, Roosevelt asked Congress to pass the Expedition Act, which sped the process. Roosevelt did not discriminate big businesses simply because they were big, he looked for the businesses that posed a threat to the public. "Roosevelt's action against big businesses won him the title ?trust buster'. One of the biggest challenge Roosevelt took on was getting the Panama Canal built. The United States and Great Britain signed a treaty which gave the U.S. exclusive rights to build, and operate a canal in Central America. There was some disagreement where the canal would be built, but the final decision was Panama, where a French company had been digging but went bankrupt. In June of 1902 congress passed the Isthmian Canal Act, which authorized the purchase of the French land for $40 million. But the United States also had to get control of the canal zone from what was then Colombia. Secretary of State made an agreement with Thomas Herran to purchase, the right to control the land, for $10 million plus $250,000 yearly. The U.S. Senate accepted it but, the Colombian senate rejected the offer, hoping to