The final project Research Paper Example | Topics and Well Written Essays - 1250 words

The final project - Research Paper Example Precisely, behavioral aspect of budgeting is summarized as participation, budget slack, politics, group effects, motivation and feedback. Financial accountants, economists as well as financial analyst are all involved in the process of developing a budget (Deegan & Unerman, 2006). A budgeting design where by the people involved are active members of the business or organization is known as participative budgeting. This kind of budgetary design ends up creating budget that is more realistic and adoptable. It pulls up employees’ morale and it cats a gauge for their effort in the growth and development of the business and or organization (Shah, 2007). As opposed to top-down budget that is generally imposed on employees by the executive directors and managers, participative budgeting takes into account the opinions and contributions of others. However, if the budget design is purely participative then the resulting budget may not put into consideration some of the high level strategic plans. If an organization has to use participative budgeting design them the top management must serve other people involved in the process with write-ups indicative expected outcome of the budgeting process. In literature, the models of budgetary participation between superiors and subordinates have been identified, with emphasis on who has the greater influence on the budget outcome. (Brown et al., 2013; Brink et al., 2012; Chong, K., & Chong, M., 2002; Chenhall, 1986; Wentzel, 2002; Lindquist, 1995). While Brown et al. (2013). developed a subordinate and superior-set theory, Brink et al. (2012) made their division based on the roles superiors play in the budgetary process namely active or passive players. This subdivision alludes to the principle that budget outcomes are being determined by the interaction between superiors and subordinate. In Brown et al. (2013) subordinate set theory and Brink et al. (2012) committed

Developing country Essay Example for Free

Developing country Essay Today’s world has been divided into developing and industrialised countries which the main difference between them is the amount of money that governments apply in important sectors such as education, health and commerce. Most of the poorer nations are buried in debts as a result of their unbalanced finances which are reflect in a failed health care, an unstructured education system and a weak international trade. This vicious cycle will continue indefinitely unless wealthier nations show interest in minimizing the worldwide economic differences, as well as taking more responsibility for assisting unfortunate countries. Most of the African countries live in sub-human conditions because of the extreme poverty, upheaval, hunger, disease, unemployment, lack of education and both inexperienced and corrupt administrations. The devastating consequences of the AIDS epidemic in those countries could improve if the infected populations receive free drugs to control the disease, have access to health professionals and get information on how to prevent its spread. But this can only be achieved through international help programs in which leaders of the world’s richest countries donate medicine and also send doctors and nurses to treat and educate those in need. Moreover, most of the poor countries rely on selling agricultural products and raw material to rich nations and buying industrialized products from them resulting in a huge financial deficit. Consequently, they borrow a significant amount of money from the World Bank to try to improve their broken economies, but sometimes the money disappears with no significant changes and they cannot even pay the interest to the bank. Regarding this issue, last year the G8, which is comprised of leaders of the eight richest nations, decided to forgive billions of dollars worth of debt owed by the world’s poorest nations. In addition, they developed adequate loan programs to financially assist those countries. In conclusion, leaders of the industrialised countries play an indispensable role in assisting developing nations deal with essential areas such as health, education and trade. Also, their aid is the key to breaking the vicious cycle, which results in poverty and death.

Essay --

Skepticism In Meditation 1, Descartes is confronted by the idea that throughout his life he has been taught numerous false truths. As his metaphysical knowledge is based on the things which he has been taught, they too are proven false and he is left without any indubitable ideas or beliefs. After Descartes puts all he knows under doubt, he begins to attempt to regain his knowledge of the world by thinking exclusively of absolute truths. On this mission, he encounters three arguments for accepting knowledge and beliefs as true and unfaltering. Through the course of the following paragraphs, I plan to dissect the different arguments and show how each of them test the validity of true knowledge. Having been faced with the idea that his current wisdom is false, Descartes begins doubting his ideas and opinions as he feels that it will allow him to seek a studier foundation for knowledge. Rather than doubt every one of his opinions individually, he reasons that he might cast them all into doubt if he can doubt the foundations and basic principles upon which his opinions are founded. By comparing his beliefs to an apple basket and a rot in an apple to the falsity of opinion, Descartes reasons that by dumping all the apples/ beliefs, it will be easier to remove the rotten ones. He wants to remove all the false belief he currently wrongly holds true because having one false belief leads to having other false ideas as well. Descartes thinks this method of investigation and trial is defendable as beliefs are not independent of one another and only by doing this will he be able to attain indubitable knowledge. Starting from a blank slate, he plans to build back his knowledge one clea r and distinct proposition at a time. While Descartes is... ...nto doubt beliefs based on sense perception and on scientific ideas. Ideas such as gravity get dismissed because one doesn't know if it is simply something that occurs in dreams and whether instead levitation is a reality. Descartes in the beginning of Meditation 1 says that â€Å"arithmetic, geometry and other subjects of this kind, which deal only with the simplest and most general things, regardless of whether they really exist in nature or not, contain something certain and indubitable. For whether I am awake or asleep, two and three added together are five†. He goes on to also explain that a square has only four sides in both a dream state and not dream state. Therefore, we can still trust other beliefs of the world, such as concepts that deal with the most simple and general things; just not on the beliefs that are based off the senses. This brings us to the third

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Healthcare is the fastest-growing industry in America, because health affects every facet of all Americans’ lives. People are living longer and longer than before. The lengthier life expectancy is due to advancements in the science and delivery of healthcare. Health communication has been an essential aspect of the delivery of healthcare. Also, health communication makes an impact and influence on healthcare policy and political initiatives, therefore, affects the health and lives of the people. Thus, it is important to understand the health communication’s overview, planning processes, techniques, and methods that affect and influence healthcare policy and political initiatives. Communications has long been essential part in the healthcare business. It goes back to the mid 1900s when hospital used communications professionals to delivered patient situation reports and release news about the facility. As seen in pharmaceutical corporations, they would employ communication consultants or internal workers to publicize a new drug approval. Now-a-days, healthcare companies also used vast staffs for trademark and corporate communications. Hence, there have been a growing numbers of consulting companies in public relations and medical advertisement due to many new advanced social media. In the addition, as the healthcare communications grow, more health communication specialists are needed. In the last thirty years, more health communication degrees are offered in universities (Hicks & Nicols, 2012). Through communication, health information can be shared to the public or the individual patient. Health material is transferred by newspaper, television, Internet, radio, flyers, or billboard, etc. Though there is a reduction i... ...tfeeding. They trained their staffs to educate new mothers about the important of breastfeeding (Mahone, 1996). Also, media campaigns reach and inform pregnant and lactating women and father the important of breastfeeding. The campaigns also reach general public about breastfeeding benefit through using public service announcements on radio, television, and in newspapers, journals, and magazines. From the campaigns, the publics are more aware of advantages of breastfeeding and women are more contented breastfeeding in public (Arias, 2005). Effective planning processes, techniques, and methods will make a major impact in healthcare policies and political initiatives. Individuals and groups definitely promote the public health through communication. Collaboration among individuals and different media outlets will transpire information throughout the nation.

Persuasion

For any Idea, effective negotiation and selling Is necessary in order to persuade your target audience. Through means of systematic persuasion the communicator will appeal to reason and logic to help change attitudes. or they may appeal to emotion and habit by means of heuristic persuasion to change beliefs. Every communicator aims to gain dfferent and desired results. For example, sales people, politicians, and leaders in other areas all have different goals and audiences, but use persuasion to their benefit. Cult leaders and other extremists in history have used persuasion to immerse ollowings and gain social loyalty.Over time they have evolved with different religious, political, and revolutionary motives. A cult by definition Is a small religious group that is not part of a larger and more accepted religion and that has beliefs regarded by many people as extreme or dangerous. They are typically characterized by their distinct beliefs and rituals related to devotion to a god or pe rson, are isolated from their surrounding â€Å"evil culture,† and have a charismatic leader (Myers. 252). These charismatic leaders of will use persuasion to influence the intentions, attitudes. eliefs, behaviors. and motivations of different Individuals (Thoms and Walden, 2007).Vulnerability in the larger community is the maln reason Individuals find consolation in cults (Richard, 2010). Feelings of inferiority, ignorance, social threat, and other such factors influence an individual's ability to be persuaded into a cult. After a person converts into the beliefs and practices of the cult, the cult's way of life becomes second nature. Isolation, and un-acceptance of the cult's beliefs by the larger community makes leaving very difficult. There have been several great cults round the world, with effective leaders, including Reverend Sun Myung Moon, Reverend Jim Jones, and Marshall Applewhite.In 1954, Reverend Sun Myung Moon founded Unification Church in South Korea. Capitaliz ing on the problems of his time, Moon's teachings viewed divided Korea as the frontline of the war between democracy and communism; God and Satan. Moon claimed a vision he received at sixteen years old was what called him to complete the Christ mission. His church preached a conservative, family-oriented value system and his interpretation of the Bible. He argued that, Christ was crucified and died having ot completed the mission of marrying and getting a perfect family (Dolan, 2000).Moon, a self-proclaimed Messiah, was to become parent to all of humanity. Moon's teachings were to pledge obedience to him since he was the Messiah. He attracted a worldwide following through a mixture of Christianity, anticommunism, and glorification of himself as a messiah (Myers, 252). Moon's ability to persuade people was in the need for a good family, which is a problem to many all over the world (Thoms and Walden, 2007). A push for peace Is another tactic that Moon applied to pursue the beliefs of the cult.After being excommunicated by the Presbyterian Church, unification Church was characterized by numerous wedding presided by Moon. The ceremonies gained international attention for joining thousands of Identically dressed brides and grooms. many of whom had never met 1 OF3 DeTore, In matrlmony. I ne grandeur 0T tne Dlesslng ceremonies was meant to craw mass attention to the Church, and highlight its emphasis on traditional morality. They also brought Moon fame and notoriety. The church still exists and continues to teach its beliefs and practices all over the world.In the 1970s Marshall Applewhite formed the cult Heaven's Gate. Applewhite and Bonnie Lu Nettles believed that they were â€Å"The Two† mention in the Book of Revelation and that they were on an important spiritual mission. During a six month stay in prison Applewhite refined his beliefs. He termed a physical and literal version of heaven in outer space, where he came from, the â€Å"Level Above Human. â €  He and Nettles believed that they were sent to help others reach this next level. Applewhite taught his followers that the earth was to be ‘recycled' to a new clean state, and they ould ride the comet HaleBopp to heaven (Dolan, 2000).In Heaven's Gate's teachings, the human body was Just a vehicle and that to ascend from this world people had to separate from all that was human in them. This included their earthly needs and desires. Applewhite persuaded individuals through talks he gave around the country and through video and written testaments he provided. Much of the strength and influence Applewhite held was largely in part because he weeded out his followers. Although he gained a mass following, Applewhite frequently excommunicated members for even the most minor infractions.He relied on intimate numbers, and uniformity of the group to strengthen and perpetuate his message. Members all wore baggy clothing, had short hair, and were kept busy performing tasks for the g roup or trying to curb their human nature (http://www. biography. com). In 1995, Applewhite believed the discovery of the Hale-Bopp comet was a sign that a spaceship was coming to take them to the Next Level. Although many do not understand Heaven's Gate's drastic measures of leaving this earth, it is important to note that Applewhite did not subscribe to the typical understanding of suicide.He and subsequently his followers believed that suicide was not taking the opportunity presented to them and instead waiting for the recycling of earth. In 1997, thirty-nine members, including Applewhite, poisoned themselves, wearing armbands and sneakers that said ‘Heaven's Gate Away Team' (http://www. biography. com). Peoples Temple founded by Reverend Jim Jones was meant to help the sick, homeless, and Jobless people of all races. In 1952 Jones Joined the Methodist Church and went on to gain a reputation as a healer and evangelist.However, the church's ack of interest in racial integrat ion forced him to branch out on his own. After building a following by preaching on a local radio program, Jones moved, along with over one hundred church members, to California. People Temple members lived secluded lives in California, but were even further isolated when Jones moved them to a compound he purchased in Guyana (Dolan, 2000). While Applewhite and Moon appealed to their followers desire to belong and salvation, Jones relied heavily on threats and physical imprisonment. Comparable to a prison, followers were given ittle food and were not allowed to leave.Armed guards secured the compound and members were regularly forced to prove their loyalty during suicide drills (http:// www. biography. com). Jim Jones faced a lot of scrutiny for reported widespread abuse to the members. A congressman and three Journalists were killed when they went to investigate the anuse clalms ana attempted to aloe detectors. Altnougn Jones repeatedly tnreatenea mass suicide, it was not until the interference of American congressman Leo Ryan that he followed through. More than nine hundred people, including Jones and over wo hundred and fifty children, committed suicide by lethal beverage (Dolan, 2000).There are varied reasons why people Join cults all over the world. However, it is mostly brought about by lack of one or more social, spiritual and physical satisfaction (Richard, 2010). Social and religious beliefs are evidenced in the above cases. Cult leaders have charisma, and use alienation, exploitation, and totalitarian views to control the behavior of their group (Thoms and Walden, 2007). Propaganda, mass media, and many other ideas are used to create heroic, idealized, and god-like images to influence and create converts.

The Residency Application Process

The Residency Application Process In the residency application process, the personal essay plays a tremendous role. As a resident in a hospital, you will no longer be attending medical school classes but actually working as a doctor with live patients. That being said, residency directors want to know as much about your personal beliefs and character as they do your education. The most important part of any residency essay, in my opinion, is the first paragraph. Considering that the admissions committee have hundreds if not thousands of applications to read, you definitely want to make your stand out. The best way to do this is to open your essay with something interesting. There are several ways you can make the first paragraph of your residency essay stand out. One way is to begin with an interesting anecdote or quote. Another is to state your thesis boldly and creatively. Just make sure that whatever you do, it relates directly to the overall theme of your main idea. The residency application process isnt easy, but if you do it well the pay off is more than worth the effort! For more information about finding a residency program and/or if you would like help in writing your AMCAS personal statement, please dont hesitate to access the link provided.

Financial Statements

Financial Statements Financial statements are a source of information for customers, creditors, managers, employees, regulators and other stakeholders of a firm to assess its past and future performance. The quantity of information available from the financial statements can be quite inundating. Financial statement users, therefore, adopt ratio analysis to counter this burden of information overload and get an accurate picture of the firm performance. Analysis of the financial statements of a company reveals important information to its stakeholders thereby leading them to make inferences about its financial condition and attractiveness as an investment. This paper will scrutinize the financial statements of Muslim Commercial Bank (MCB), Pakistans largest private bank by assets and market capitalization. MCB is the only financial institution from Pakistan that is listed on the London Stock Exchange. With its 60 year history, MCB has depicted a tremendous growth record and is listed on all stock exchanges in Pakistan with a significant market capitalization (Muslim Commercial Bank Annual Report, 2005). The financial information of MCB, as extracted from its 2005 annual report, provides an insight into the institution’s operations carried out in the year 2004-2005. To measure a company’s financial health, five categories of ratios1 are normally applied to the financial statements; liquidity, leverage, operating, solvency and profitability. Liquidity ratio measure whether a company has sufficient cash to meet its obligations as they fall due. Leverage ratio detects the impact of using creditor funds whereas operating ratio assesses whether the resources are effectively employed. Solvency attempts to detect financial tolerance of the company to ensure the company is not headed towards financial distress. Profitability ratio is a barometer of the company’s efficiency and success (Cinnamon and Helweg-Larsen 81). The results of the application of ratio analysis to MCB financial statements are shown in the appendix in table 1. The liquidity ratio of the company has improved as compared to the previous year, suring from 1.75 to 1.9. This is due to the improved cash flow generated in the year 2005. The other ratios also depict an uptrend signaling stability and consistency in growth. Profit after taxation for MCB for the financial year 2005 has increased more than 50% comforting all its stakeholders and eliminating any concerns about financial distress. Moreover, the company’s latest listing on the London Stock Exchange should further open the doors for capital injection and aid in the growth of the company. The information excerpted from the annual report is an evidence of the vital signs of the company to its stakeholders. The main stakeholders that closely monitor the business performance of an organization are the creditors, investors, and managers. This is due to the fact that their respective objectives are directly tied to the company’s performance. Creditors particularly pay close attention to the short-term liquidity and long-term solvency of the company (Emery 1998). An improving liquidity ratio for MCB should be very satisfying for its creditors. The magnitude of their conviction about the financial strength of the company is compounded by the fact that all the financial ratios of MCB for the year 2005 show a significant improvement. If the company has reserves to meet its obligations and enjoys a balanced debt-equity ratio, creditors are contented since there are no alarming signals pointing towards insolvency. Investors forecast risk and potential returns through the accounting information from financial statements. They closely watch a company’s earnings record to ascertain the probability of dividends and capital gains that can potentially flow from the company’s stock (Meigs et. al 438). Even though investors have an insatiable appetite for returns, the financial results of MCB for 2005 instill immense optimism in them especially taking into consideration the 20% dividend declared by the company. The consistent uptrend in the profits (refer to graph 1 in appendix) and the increasing earnings per share (EPS) ratio (refer to graph 2 in appendix) support the fact that business strategies are focused on maximizing shareholder value. The primary concern of the managers is to run the company as efficiently and effectively as possible to satisfy the creditors as well as investors in terms of meeting obligatory payments and maximizing shareholder value respectively. Should they fail to satisfy these stakeholders, the company can well be on its way to facing dire consequences, potentially even bankruptcy. Financial statements are a useful source of information for the managers, in that they see the result of their input throughout the year and learn to alter business strategies should the numbers warrant. The managers of MCB have shown a tremendous performance in generating healthy revenue for the business. A declining liquidity ratio should provide an incentive for an appropriate working capital management strategy for the following year. Annual report contains a great deal of information, which when correctly analyzed can provide signs on the direction of the company. For example, it is imperative to check if there is information on any missed payments, dividends in arrears or if the company has earmarked reserves for any significant commitments or loss contingencies. This information is vital for the investors and creditors as it can have a significant impact on the stock price and credit rating of the company. A thorough scrutiny of the annual report uncovers information on how the various risks (credit, interest rate, operational) are being managed and risk concentrations avoided. Financial statements of a company provide essential guidance to the investors and creditors leading them to make rational and informed decisions.